And if you honestly think that this wealth ended up in their hands as a result of “free market capitalism” then you have a LOT MORE SELF-EDUCATION to do (and a lot of mainstream media and government school brainwashing to undo).
Central banking, fractional reserve banking, legal tender laws, protectionist tariffs, protectionist regulations, government-protected cartels, tax policies, direct handouts, direct subsidies, grants, and so, so much more (including massive government contracts – 25% of ALL Window’s-based PCs are owned by the federal government) are the reasons why all this wealth is in the hands of these few individuals.
Well said and absolutely spot on. It’s just appalling how many otherwise knowledgeable and intelligent people [cough – PCR – cough] haven’t got the least clue about this.
Crawfish
September 19, 2017 1:35 pm
I don’t know anything about Amancio Ortega, but the other seven think we should pay more in taxes to support climate change and other mindless initiatives.
Most are Democrats, Bloomberg is an ex RINO now independent who wanted a soda tax. The IRS has a billion dollar case against Buffet who is fighting it, but he wants us ‘poor’ to pay more in taxes. Bezos owns WaPo, Slim owns a piece of NYT, gotta wonder about the MSM.
BL
September 19, 2017 2:37 pm
All I can say at this point is……….
PROUD TO BE A TEAM GOY Local 285 MEMBER………….GO TEAM.
The “poorest 50% of the world” is certainly deceiving. Still, consider the prophecy about the hoarding of wealth in the last days. James 5. I wouldn’t discount it.
Barnum Bailey
September 19, 2017 6:46 pm
For 50 years we’ve had credit inflation.
For 36 years we’ve had The Mother of All Credit Inflations.
It all flowed into
1. Asset prices
2. Expansion of debt-supported industries like
A. Medical-insurance-industrial Cartel
B. Higher Ed Cartel
C. Welfare ADMINISTRATION Cartel
D. Military Industrial Complex
E. Finance-Insurance-Real Estate and Banking.
Those who OWN assets have their “wealth” inflated. When the value of the Bond Ocean plummets (AKA when interest rates begin to climb in earnest), then most of the billions of these clowns will disappear back into the ether from where it arose.
Not that their loss will be anyone else’s gain. In the Greater Depression there will be pain in every corner.
I figure 9 out of 10 jobs in the industries I listed above will disappear. Yes, that’s 90% of jobs in those well-paid industries….GONE when the ability to borrow craters.
Barnum – cannot see interest rates going up anytime soon. The hit to the budget would be too great. But we will see. In the end they will have to try to inflate the $20 trillion and climbing debt away.
Opinions differ, but I do not believe ANYONE controls a market that encompasses over 200 trillion dollars (the full debt market) or even the $20 trillion that is US Treasury debt.
Here’s a forecast: Tomorrow the FOMC announces its interest rate decision.
I’ll bet you anything you like that they hold pat. Why? The 13-week T-bill is yielding just about what the Fed Funds rate is right now. The t-bill rate always leads the Fed, not the other way around. The Fed *****DOES NOT SET RATES,***** it is a rate taker, not a rate maker. This is trivially simple to graph (and it has been done over and over again) yet people persist in thinking the Fed waves the baton and the band marches behind it. On the contrary, the band (rates) go where the market dictates, and the Fed jumps in front, waves the baton and acts like it’s in charge.
Rates in the MARKET are the same as before the last meeting, so the Fed will leave them alone. Wait and watch. 99% chance I’m right.
The 10-year T-note bottomed 36 years ago. It appears to have TOPPED 12 months ago. If if has, in fact, begun a secular bear market (which seems likely), then this whole clown parade will be surrounded by pressure-cooker bombs, all set to go BOOM as soon as rates rally past an unknown, but very real threshold. I think it’s plausible that we’re about to see bonds head rapidly toward 4%.
People will LOSE. THEIR. SH!T.
Get your popcorn ready.
What is it about going bankrupt slowly, then all at once?
carnac the insignificant
September 19, 2017 9:14 pm
No soros?
Dave
September 19, 2017 9:36 pm
The thing I sleep easiest about in this article is that they are all going to die, just like me.
wholy1
September 19, 2017 10:07 pm
The [remote] “world” of excess possessions – both animate and inanimate, and the boredom of excess luxury/stimulation mitigated only the increasing need MORE of the same at the expense of ALL others . . . when an additional bankster-provided “opportunity” arises.
Mesomorph
September 20, 2017 1:25 am
Meanwhile……..
By my crude math and quick research over dinner, Apple is sitting on an amount of cash equal to about a 1/4 share of this bottom heavy pie chart.
Seriously, have you any idea how much a trillion in $100 bills WEIGHS?? It doesn’t exist.
What happens when interest rates rise? Bond values FALL. The Cash on which AAPL sits exists only as long as the Mass Mind believes it exists. It can literally disappear.
Sooner or later, it will.
anonymous
September 20, 2017 10:27 am
[img[/img]
bigfoot was here
September 21, 2017 4:40 am
Isn’t Al Gore on the list? Oh well. I’m sure they are all nice people, too. The Universe has helped them help us. What a Wonderful World.
is this supposed to be surprising?
nearly every single endeavour that involves created output follows the https://en.m.wikipedia.org/wiki/Pareto_principle
LIFE IS INEQUALITY, ANYONE WHO TELLS YOU DIFFERENT IS SELLING SOMETHING
Until….
And if you honestly think that this wealth ended up in their hands as a result of “free market capitalism” then you have a LOT MORE SELF-EDUCATION to do (and a lot of mainstream media and government school brainwashing to undo).
Central banking, fractional reserve banking, legal tender laws, protectionist tariffs, protectionist regulations, government-protected cartels, tax policies, direct handouts, direct subsidies, grants, and so, so much more (including massive government contracts – 25% of ALL Window’s-based PCs are owned by the federal government) are the reasons why all this wealth is in the hands of these few individuals.
Well said and absolutely spot on. It’s just appalling how many otherwise knowledgeable and intelligent people [cough – PCR – cough] haven’t got the least clue about this.
I don’t know anything about Amancio Ortega, but the other seven think we should pay more in taxes to support climate change and other mindless initiatives.
Most are Democrats, Bloomberg is an ex RINO now independent who wanted a soda tax. The IRS has a billion dollar case against Buffet who is fighting it, but he wants us ‘poor’ to pay more in taxes. Bezos owns WaPo, Slim owns a piece of NYT, gotta wonder about the MSM.
All I can say at this point is……….
PROUD TO BE A TEAM GOY Local 285 MEMBER………….GO TEAM.
Beautiful graphic.
Nice kill list.
stuckster,
you never learn,do you?
go take a shower and eat a good meal,the cops will be along shortly–
has anyone watched the netflix series CONTINUUM?
https://en.wikipedia.org/wiki/Continuum_(TV_series)
What bullshit. That chart is trying to imply that they have half the world’s wealth.
Hell, if you have $100 you have more than nearly half the world combined.
Yup, that was my first thought as well but since it has nothing to do with Zionazis, I didn’t bother to refute it with facts. One trick pony and all…
Z – use your powers for good. The world needs all the help it can get.
Also, re the poorest fifty percent of the world – they got nothing. I may have more by myself than they do.
The “poorest 50% of the world” is certainly deceiving. Still, consider the prophecy about the hoarding of wealth in the last days. James 5. I wouldn’t discount it.
For 50 years we’ve had credit inflation.
For 36 years we’ve had The Mother of All Credit Inflations.
It all flowed into
1. Asset prices
2. Expansion of debt-supported industries like
A. Medical-insurance-industrial Cartel
B. Higher Ed Cartel
C. Welfare ADMINISTRATION Cartel
D. Military Industrial Complex
E. Finance-Insurance-Real Estate and Banking.
Those who OWN assets have their “wealth” inflated. When the value of the Bond Ocean plummets (AKA when interest rates begin to climb in earnest), then most of the billions of these clowns will disappear back into the ether from where it arose.
Not that their loss will be anyone else’s gain. In the Greater Depression there will be pain in every corner.
I figure 9 out of 10 jobs in the industries I listed above will disappear. Yes, that’s 90% of jobs in those well-paid industries….GONE when the ability to borrow craters.
Barnum – cannot see interest rates going up anytime soon. The hit to the budget would be too great. But we will see. In the end they will have to try to inflate the $20 trillion and climbing debt away.
Opinions differ, but I do not believe ANYONE controls a market that encompasses over 200 trillion dollars (the full debt market) or even the $20 trillion that is US Treasury debt.
Here’s a forecast: Tomorrow the FOMC announces its interest rate decision.
I’ll bet you anything you like that they hold pat. Why? The 13-week T-bill is yielding just about what the Fed Funds rate is right now. The t-bill rate always leads the Fed, not the other way around. The Fed *****DOES NOT SET RATES,***** it is a rate taker, not a rate maker. This is trivially simple to graph (and it has been done over and over again) yet people persist in thinking the Fed waves the baton and the band marches behind it. On the contrary, the band (rates) go where the market dictates, and the Fed jumps in front, waves the baton and acts like it’s in charge.
Rates in the MARKET are the same as before the last meeting, so the Fed will leave them alone. Wait and watch. 99% chance I’m right.
The 10-year T-note bottomed 36 years ago. It appears to have TOPPED 12 months ago. If if has, in fact, begun a secular bear market (which seems likely), then this whole clown parade will be surrounded by pressure-cooker bombs, all set to go BOOM as soon as rates rally past an unknown, but very real threshold. I think it’s plausible that we’re about to see bonds head rapidly toward 4%.
People will LOSE. THEIR. SH!T.
Get your popcorn ready.
What is it about going bankrupt slowly, then all at once?
No soros?
The thing I sleep easiest about in this article is that they are all going to die, just like me.
The [remote] “world” of excess possessions – both animate and inanimate, and the boredom of excess luxury/stimulation mitigated only the increasing need MORE of the same at the expense of ALL others . . . when an additional bankster-provided “opportunity” arises.
Meanwhile……..
By my crude math and quick research over dinner, Apple is sitting on an amount of cash equal to about a 1/4 share of this bottom heavy pie chart.
Cash.
NOT CASH.
The debt securities of OTHER CORPORATIONS.
Seriously, have you any idea how much a trillion in $100 bills WEIGHS?? It doesn’t exist.
What happens when interest rates rise? Bond values FALL. The Cash on which AAPL sits exists only as long as the Mass Mind believes it exists. It can literally disappear.
Sooner or later, it will.
[img
[/img]
Isn’t Al Gore on the list? Oh well. I’m sure they are all nice people, too. The Universe has helped them help us. What a Wonderful World.