Where's the money going? (General)

by dulan drift ⌂, Tuesday, January 18, 2022, 09:23 (827 days ago) @ dulan drift

BBC: The pandemic has made the world's wealthiest far richer but has led to more people living in poverty, according to the charity Oxfam.

Lower incomes for the world's poorest contributed to the death of 21,000 people each day, its report claims.

But the world's 10 richest men have more than doubled their collective fortunes since March 2020.

As my father used to say: money doesn't disappear - it goes somewhere.

In this case the funny monetary policy - that will be paid off through increased taxes/inflation for generations - has gone where it usually goes - into the pockets of the super-rich.

Oxfam: This year, what's happening is off the scale. There's been a new billionaire created almost every day during this pandemic, meanwhile 99% of the world's population are worse off because of lockdowns, lower international trade, less international tourism, and as a result of that, 160 million more people have been pushed into poverty. Something is deeply flawed with our economic system.

Something is deeply flawed in our system, period.

According to Forbes figures cited by the charity, the world's 10 richest men are: Elon Musk, Jeff Bezos, Bernard Arnault (fashion industry) and family, Bill Gates, Larry Ellison (Oracle), Larry Page, Sergey Brin, Mark Zuckerberg, Steve Ballmer (ex-Microsoft) and Warren Buffet.

Of those, the ones in bold were directly involved in censoring investigation into the origin of Covid and the subsequent cover-up. Who says crime doesn't pay?


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