Herland Report: Covid-19 is economic goldmine for the wealthiest: In the Western hemisphere, the strategy seems to be for national governments now lose power as private capital control takes over the government’s former role.
As billionaires merge private capital with government funds, according to what seems to be the goal of the Davos World Economic Forum, we may be set for a modern feudalism where the very few gain massively. The economic effects of the current Corona financial meltdown has illustrated this to perfection.
A new report by UBS and PwC reveals that the world’s super-rich “did extremely well” during the coronavirus crisis this year, increasing their already-huge fortunes by more than a quarter, according to a UBS and PwC study.
Their wealth grew by close to 30 % from April to July alone.
“According to the research, their wealth grew by 27.5 percent at the height of the crisis, from April to July, reaching a combined $10.2 trillion. The billionaires had mostly benefited from betting on the recovery of global stock markets, UBS said, noting that their wealth had hit “a new high, surpassing the previous peak of $8.9 trillion reached at the end of 2017.”
The inequality gap is rocketing, fueling the allegations that a modern version of feudalism is being implemented in the West, where the few own almost everything.
“Billionaires did extremely well during the Covid crisis. Not only did they ride the storm to the downside, but they also gained on the upside [as stock markets rebounded],” said Josef Stadler, the head of UBS’s Ultra High Net Worth department.”
Covid-19 is economic goldmine for the wealthiest:
In what increasingly looks like a massive attack on small to medium private businesses all across the West, Amazon and the globalist multinational conglomerate mastodons are set to take over these markets.
As 48 % among smaller private businesses now warn of upcoming bankruptcies are the lockdowns to prevail, the robbing of the middle class continues.
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The example of Elon Musk may be mentioned. He is now richest in the world, surpassing Amazon’s Jeff Bezos. The Green Wave Corona virus makes “philanthropist” billionaires world’s richest now, as funding pours into the hope of a better world post Covid.
Amazon’ boss, to Jeff Bezos has also seen his fortune rocket massively during Corona.
Bill Gates, whom Musk recently called a “knucklehead” is left behind, the same goes for Facebook’s Mark Zuckerberg, who a few years ago sat in a student dorm and thought up a plan together with his friends.
Musk’s wealth now stands at $127.9 billion after adding $100.3 billion to his net worth in just this year alone.
He has a net worth of $184 billion, states the Bloomberg Billionaires Index, as the “green” Tesla continues to surge.
2020 alone saw Tesla values rise over 700 %, amid the world Corona crisis.
We live in a world where young boys who start tech companies become the world’s richest, with power to sway opinion in a highly questionable manner.
The lack of state regulations for the high tech monopolies is dramatic.
The Tesla example illustrates how some have earned billions amid the Covid scandal, while others have lost everything.
Covid-19 is economic goldmine for the wealthiest: Also check out these topics at CNN or FOX News. Other sources may be New York Times, USA Today, the Washington Post or from the British angle, BBC, The Guardian, The Telegraph or Financial Times.
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