The ultra rich continue to get richer as 5 billion people on earth continue to get poorer since the pandemic. Why does this happen? Many reasons but one big one is the amount of money "created" during and since the pandemic. When the FED creates money it gets handed out to investment banks and investment bankers and it first off benefits the ultra wealthy. Money creation also drives the stock market up and this further increases the wealth of everyone who owns stock, and most Americans own none.
The Bible says a day is coming during the Great Tribulation where the average man will work all day just to buy enough food to survive the day. Meanwhile it hints that the rich won't initially have any problems because they will have more than enough wealth at hand to buy food no matter the cost.
Are we seeing that set up happen before our very eyes?
If you have enough money, you can buy just about anything. And when you are in a position where you can buy just about anything, you wield an enormous amount of raw power.
Today, our world is completely and utterly dominated by those at the very top of the economic pyramid. Those in the top one percent of the top one percent are pretty much able to do whatever they want, and the rest of us are pretty much powerless to stop them.
Unfortunately, the gap between the ultra-wealthy elite and the rest of us just continues to get even larger. Last year, the total wealth of the world's millionaires reached a staggering 86.8 trillion dollars...
The world has never had so many rich people and their investments in soaring stock markets have made them wealthier than ever recorded, according to a study published on Wednesday.
The number of "high net worth individuals" (HNWI) -- defined as people with liquid assets of at least $1 million -- rose by 5.1 percent last year to 22.8 million, according to consulting firm Capgemini.
Their total wealth reached $8Meanwhile, 5 billion people have gotten poorer since the start of the pandemic...
Since 2020, the richest five men in the world have doubled their fortunes. During the same period, almost 5 billion people globally have become poorer.
How much power do the hundreds of millions of people around the world that are living on less than two dollars a day have compared to the billionaires in the western world that are constantly making headlines?
The truth is that they run the world and the rest of us are just living in it.
Here in the United States, the colossal gap between CEO pay and worker pay got even larger last year...
Bosses have always made more money than workers. But the gap between CEOs and employees is growing.
The median CEO in the S&P 500 was paid 196 times as much as the median employee in 2023, according to an analysis by Equilar and The Associated Press.
That's up from a ratio of 185 in 2022.
It would be a good thing if the rich were getting richer as long as everyone else was getting richer as well.
But instead, poverty is literally exploding all around us.
In 2020, there were approximately 140 homeless camps in Oakland, California.
Since that time, the city has closed 537 homeless camps, but there are still approximately 1,500 remaining all over the city...
Oakland officials passed a policy in 2020 to regulate homeless encampments when there were about 140 camps. The policy was created to prohibit encampments in specific areas of the city, including proximity to businesses, schools, playgrounds, traffic lanes, bike paths, housing and playgrounds.
Any encampments in those prohibited areas were supposed to be vacated, with the city offering shelter before evacuating the camp.
Since then, the city has closed 537 homeless camps with approximately 1,500 remaining, according to a city report.
I feel so bad for the law-abiding citizens that still live in Oakland.6.8 trillion in 2023, a 4.7 percent increase from the previous year, according to the annual World Wealth Report.
Here; Wealth Gap Could Be Helping Prepare The Way For Economic Reset (prophecynewswatch.com)
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