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85 Super Wealthy People Have More Money Than The Poorest 3.5 Billion Combined

Tyler Durden's picture




 

Submitted by Michael Snyder of The Economic Collapse blog,

The global economy is structured to systematically funnel wealth to the very top of the pyramid, and this centralization of global wealth is accelerating with each passing year.  According to the United Nations, 85 super wealthy people have more money than the poorest 3.5 billion people on the planet combined.  And 1.2 billion of those poor people live on less than $1.25 a day.  There is something deeply, deeply broken about a system that produces these kinds of results.  Seven out of every ten people on the planet live in countries where the gap between the wealthy and the poor has increased in the last 30 years.  Despite our technological advances, somewhere around a billion people go to bed hungry every single night.  And when our fundamentally flawed financial system finally does collapse, it will be the poor that will suffer the worst.

Now, let me make one thing clear at the outset.

Big government and more socialism are not the answer to anything.  Big government and more socialism almost always result in increased oppression and increased poverty.  If you want to see where that road ultimately leads to, just look at North Korea.

What we need is a system that empowers individuals and families to work hard, be creative, build businesses and to take care of themselves.

But instead, we have a system where all power and all wealth are increasingly controlled by giant banks and giant corporations that are in turn controlled by the global elite.  The "financialization" of the global economy has turned almost everyone on the planet into "deft serfs", and the compound interest on all of that debt enables the global elite to constantly increase their giant piles of money.

As I have written about previously, the total amount of government debt in the world has increased by about 40 percent since the last recession.

And when you consider all forms of debt, the grand total for the planet is now up to a whopping 223 trillion dollars.

This enables the super wealthy to constantly become even wealthier.  It is like a giant vacuum cleaner that sucks wealth out of all of our pockets and transfers it to them.

It has been reported that the global elite have approximately 32 trillion dollars stashed in offshore banks around the globe.

But that is only what we know about.

What we don't know about is probably far greater.

Just like most people don't realize that men like Bill Gates and Carlos Slim are not the wealthiest men on the planet.

The people that are really at the top of the food chain are masters at hiding wealth and they absolutely do not want their names being thrown around in the media.

Meanwhile, those at the bottom of the pyramid continue to suffer.

For example, it was been widely reported that there are more people in slavery today than ever before in human history.

That is an absolutely amazing statistic.  It is hard to comprehend how that could be possible, and yet it is.  A new UN report says that there are 21 million slaves around the globe right now...

Nearly 21 million people are working as modern day slaves, falling victim to trafficking, forced labor and sexual exploitation, a new UN report finds. The illicit market in exploited people generates billions of dollars in profit worldwide.

 

The report by the International Labour Organization (ILO), which draws on information gathered in a 2012 survey, also found that annual profits stemming from forced labor are three times higher than previous estimates.

 

“Put into perspective, the 21 million victims in forced labor and the more than US$150 billion in illegal profits generated by their work exceeds the population and GDP of many countries or territories around the world,” the ILO says.

This is an utter abomination, but this is actually happening all over the planet.  The following is one story that I recently came across out of India...

Dialu Nial’s life changed forever when he was held down by his neck in a forest and one of his kidnappers raised an axe to strike.

 

He was asked if he wanted to lose his life, a leg or a hand.

 

Six days earlier, Nial had been among 12 young men being taken against their will to make bricks on the outskirts of one of India’s biggest cities, Hyderabad.

 

During the journey, they got a chance to escape and ran for it – but Nial and a friend were caught and this was their punishment.

And yes, he did end up losing his hand.

Fortunately, most of us are not facing that kind of oppression.

But that doesn't mean that we aren't slaves.  The borrower is the servant of the lender, and over the past four decades the total amount of debt in America has gone from about 2.2 trillion dollars to nearly 60 trillion dollars.  Many of us work as "debt serfs" our entire lives, and we never even know the names or the faces of those that we are making rich as we slowly pay off our debts.

And all of this debt is one of the primary factors destroying the middle class in America.  Just this past week, the New York Times reported that the wealth of "the typical household" in the United States has declined by 36 percent over the past decade...

The inflation-adjusted net worth for the typical household was $87,992 in 2003. Ten years later, it was only $56,335, or a 36 percent decline, according to a study financed by the Russell Sage Foundation. Those are the figures for a household at the median point in the wealth distribution — the level at which there are an equal number of households whose worth is higher and lower. But during the same period, the net worth of wealthy households increased substantially.

 

The Russell Sage study also examined net worth at the 95th percentile. (For households at that level, 94 percent of the population had less wealth and 4 percent had more.) It found that for this well-do-do slice of the population, household net worth increased 14 percent over the same 10 years. Other research, by economists like Edward Wolff at New York University, has shown even greater gains in wealth for the richest 1 percent of households.

Does that upset you when you read that?

It should.

And the outlook for the next generation is even worse.  Most of our young adults are absolutely drowning in student loan debt and other forms of debt, and wages for new college graduates are terrible.

Sadly, most people don't even realize how the global financial system works or why the gap between the super wealthy and the rest of us continues to grow so rapidly.

It has been estimated that the wealthiest one percent currently have 110 trillion dollars.

That is 65 times more wealth than the bottom half of the global population combined.

They are hoarding wealth as we approach some of the most unstable days in all of human history.

 

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Tue, 07/29/2014 - 21:06 | 5020532 BOPOH
BOPOH's picture

Dust to dust.

Tue, 07/29/2014 - 21:18 | 5020576 American Dreams
American Dreams's picture

Okay Mike.  Name names and quit fucking around.  To stir the pot without giving a list of the so called 85 is nothing but mental masturbation which seems to be your motis.  I agree that the world is controlled by a select few but are you just trying to give a fatalist picture that says lay down and accept your masters or do you wish to give a motivated individual just a bit of direction.  Direction that may lead him or her to their oppressor, a face to face meeting of minds or swords.  Enough of the hyperbole give us meat to chew on man. 

No more lies, no more lies

AD

Tue, 07/29/2014 - 21:23 | 5020613 flacon
flacon's picture

"I know, I know, I know... pick me, pick me! It's CAPITALISM's fault!"

/sarc

 

Tue, 07/29/2014 - 23:22 | 5021073 Drunk In Church
Drunk In Church's picture

Who knows?  Maybe Karl Marx was right after all.  You can't have this type of wealth disparity mixed with the internet.  People are too smart these days.  Eventually, you'll end up with a revolution.  Bitchez.

Wed, 07/30/2014 - 01:54 | 5021369 sylviasays
sylviasays's picture

"Who knows?  Maybe Karl Marx was right after all.  You can't have this type of wealth disparity mixed with the internet.  People are too smart these days.  Eventually, you'll end up with a revolution.  Bitchez."

Karl Marx was right? Bitch, only a delusional Marxist would believe that. Look at the wealth disparity in every communist country on the planet where communist party hacks and their cronies have all the wealth and the masses struggle to survive. The communist party censors the internet. They silence any discension and brutally eliminate any opposition.  

 

Wed, 07/30/2014 - 03:45 | 5021500 Occident Mortal
Occident Mortal's picture

Let's be clear...

3.5 billion people have nothing... NOTHING.

 

The poorest people in the world do not own any wealth at all. 

 

 

What do you get when you add a lot of zero's together?

 

 

The real challenge isn't dethroning the rich, it's how to get the poorest people in the world to be able to earn and save their first $1,000. Opportunity is not universal.

Wed, 07/30/2014 - 08:36 | 5021883 Agstacker
Agstacker's picture

And hopefully that $1000 will be in gold or silver, not federal reserve promissory note toilet paper.

Tue, 07/29/2014 - 23:30 | 5021103 Ben Dover
Ben Dover's picture

Capitalism is just like communism is just like socialism is just like any religion - it all works great on paper but Gods forbid you expect it to work as planned once people get their mitts on em.

People just lob a monkey wrench into the works.

Tue, 07/29/2014 - 23:42 | 5021153 Renewable Life
Renewable Life's picture

Marx wasn't right about shit, capitalism didnt create this wealth disparity, central bank socialism/fascism did!!!!

Capitalism would have straightened this shit out through competition, innovation, and deregulated small government, a long time ago and it wouldn't have ever gotten this bad in the first place! But these national socialist motherfuckers had to interject their fantasy currencies and massive debt/fiat creation, and crush capitalism!!!

So now the obligarchs and fascist and socialist have their boot on the neck of every citizen!! And though very few will say it out loud, most know what it will take to get a boot off your throat, and it won't be talking and begging!

Tue, 07/29/2014 - 21:25 | 5020631 Skateboarder
Skateboarder's picture

Yo his source was CBC News. Click and read the article. Have a paper bag handy, you might hurl at the State-written piece.

Tue, 07/29/2014 - 22:35 | 5020921 mark mchugh
mark mchugh's picture

Um.  The world's richest list isn't exactly a secret.

http://www.forbes.com/sites/abrambrown/2014/03/03/forbes-billionaires-fu...

 

Tue, 07/29/2014 - 22:51 | 5020978 statelessman
statelessman's picture

That's paper, not wealth.

 

Wed, 07/30/2014 - 06:47 | 5021663 Urban Redneck
Urban Redneck's picture

and wealth is denominated in paper...

Wed, 07/30/2014 - 07:29 | 5021719 overmedicatedun...
overmedicatedundersexed's picture

the truly wealthy are those that own the goverment. then the .gov works for them..the truly smart do not want this known so they also own the media. like any good parasite the truly smart and wealthy, want healthy hosts, to feed from. but this last part is where all forms of .gov break down..it seems one cannot be a parasite and also not weaken the hosts (serfs, citizens, comrades)..the greater the concentration of power and wealth the greater the poverty for the undermenchen.

Wed, 07/30/2014 - 07:43 | 5021732 Urban Redneck
Urban Redneck's picture

But wealth and power are not the same thing, which why the more psychopathic among the wealthy spend their wealth (as little as possible) to obtain more power.

Wed, 07/30/2014 - 07:56 | 5021757 Ghordius
Ghordius's picture

(I disagree on psychopathic). after you have accumulated enough money, power is the only "game left in town". and it's a powerful aphrodisiac which you can still enjoy when sex has left all attraction

further, power is a defense. plenty of oligarchs have been toppled because they played the power game the wrong way or refused to play it (see Yukos Affair)

and of course most of the greatest fortunes could only be gained by power play in the first place, usually by cronyst/oligopolistic measures

Wed, 07/30/2014 - 10:07 | 5022360 Urban Redneck
Urban Redneck's picture

I actually agree, which is why didn't write that to exclude rational participants engaging the same behavior. However, if someone isn't giving back (which yields influence and power even if that is not the primary objective) long before their net worth hits nine digits, then as far I'm concerned - they are a psychopath (at least in the non-clinical sense).

(Playing to the home crowd in both posts above... and then insulting them below... people with a proclivity for simple dichotomies might get confused... and if I were an extrovert I might care...)

Wed, 07/30/2014 - 11:59 | 5022876 Ghordius
Ghordius's picture

(I have no clue what you are talking about, but it sounds interesting)

Wed, 07/30/2014 - 02:42 | 5021424 Redhotfill
Redhotfill's picture

Yes who are these 85?  When the SHTF I wanna visit their pad.

Wed, 07/30/2014 - 18:41 | 5024770 mkkby
mkkby's picture

How can 85 people control billions?  Name the names and let the hangings being.

Wed, 07/30/2014 - 06:29 | 5021639 Urban Redneck
Urban Redneck's picture

Mike can't name names, because he is full of shit and demonstrates that he doesn't have slightest comprehension of either what a bank is or what a US dollar is.

"It has been reported that the global elite have approximately 32 trillion dollars stashed in offshore banks around the globe. But that is only what we know about."

Here as some simple an facts (accurate as of July 24, 2014):

M0 (banknotes in circulation) is USD 1.2 trillion

Outside of this measly 1.2 trillion, the only place that a USD can exist is on one of the 12 Federal Reserve computer servers (and their backups). Any non-paper/coin dollar (which is the vast majority of dollars) only exists as a simple debit and credit entry between the FED account and a member banks account. These debit and credit entries on the books of the 12 Federal Reserve banks amount to USD 14 trillion (USD 11.3 trillion + excess reserves of USD 2.7 trillion).

That's all the dollars there are. PERIOD. Saying there are are 32 trillion dollars stashed in offshore banks is both STUPID and WRONG. What is deposited in a lot of banks (not just off shore banks) is worthless future promises to pay from money that does not exist that are marked to mythical valuations, hence the misnomer financial asset.

According to Fed US households and non-financial business have 145 trillion in assets (financial business assets is somewhat of a rehypothecated/double counted oxymoron but it is another 12-figure number). Looking simply at US households they have - 95.5 trillion in assets of which 22.8 trillion is real estate, as long as the great ponzi scheme is maintained they can continue to believe their median home has value of $273,500. The minute the music stops and the ponzi collapses there is only USD 15 trillion to support 145 trillion in "notional" private assets, and that house with a notional value of $273,500 suddenly becomes worth $50,000 (and the mortgage/financial asset tied to the house will be defaulted on, along with any credit derivatives tied to the mortgage), the wipeout of the housing assets valuation is actually far better performance than the 67.2 trillion in financial assets that those same households own is likely to experience. About the only thing likely to perform worse when the ponzi collapses are exotic financial assets of financial institutions.

The only way one could count to 32 trillion in financial assets (not dollars) deposited in foreign financial institutions, is by first accepting that JPM has 70 trillion in derivative assets, and then accepting they are actually worth USD 70 trillion.

Wed, 07/30/2014 - 07:42 | 5021731 rbg81
rbg81's picture

And 50 journalists can generate more meaningless facts than the other 7,999,999,950 billion people combined.

Wed, 07/30/2014 - 09:08 | 5022047 assistedliving
assistedliving's picture

Totally agree AD.  sick n tired hearing faux news et al mention this or that bill loaded with pork and never once the senator sponsoring it

Tue, 07/29/2014 - 21:10 | 5020547 Handful of Dust
Handful of Dust's picture

Too po for the dolla sto......

 

America's Poorest Shoppers Are Putting Discount Stores Out Of Business

 

http://finance.yahoo.com/news/americas-poorest-shoppers-putting-discount...

Tue, 07/29/2014 - 21:35 | 5020677 Skateboarder
Skateboarder's picture

They can keep the price at a dollar by offering sweet deals like 1/2-ply toilet paper and 25 squares to a pack (rolls? Where we're going, we don't need... rolls).

Of course, you may notice when each pack starts coming with only 20 squares.

Tue, 07/29/2014 - 21:40 | 5020698 Yes_Questions
Yes_Questions's picture

 

 

While middle-class shoppers have enjoyed economic recovery...

 


Tue, 07/29/2014 - 23:40 | 5021147 Never One Roach
Never One Roach's picture

The Diocunt Stores have already priced the Middle Class out of the market. The remaing handful of MC peeples cannot afford Family Dollar anymore. It's Petco for them now an donly the BOGO deals at that!

Wed, 07/30/2014 - 01:21 | 5021316 SF beatnik
SF beatnik's picture

We now need a two dollar store.

Inflation has made it hard to sell good stuff for a dollar.

And so corners are cut.  Once good dollar stuff is made with less raw material. 

I've shopped these stores for twenty years. Bargains are now hard to find. 

Tue, 07/29/2014 - 21:11 | 5020551 lasvegaspersona
lasvegaspersona's picture

It is not called slavery when it hapens in Islamic countries. It is called something else...so 'slavery' problem resolved.

Actually India has a bit going on too and it might not all be Muslims doing it.

As for the rich, just how does Michael know that there are all these 'hidden' wealthy? are we back to the 'Rothchilds have trillions' bit again?

Tue, 07/29/2014 - 21:43 | 5020708 sleigher
sleigher's picture

_

Tue, 07/29/2014 - 23:35 | 5021119 NidStyles
NidStyles's picture

Slavery is everywhere. Not sure how you figured it was only a "Muslim" thing while ignoring what is already known.

Tue, 07/29/2014 - 21:11 | 5020552 Kirk2NCC1701
Kirk2NCC1701's picture

Soon 500 million people will own 100%, and the rest will own 0%.

See Georgia Guidestones for details.

Tue, 07/29/2014 - 21:43 | 5020717 sleigher
sleigher's picture

I am gonna drive over there one of these days and piss on it.

Tue, 07/29/2014 - 21:53 | 5020761 Yes_Questions
Yes_Questions's picture

 

 

there are a number of us who found the system did not function as promised ("hard work" yada, yada) and began to ask questions about that disconnect in the Tacit Agreement, the social contract..

 

some of us learned that from the beginning, Deceit crowded out Dignity and that all along, this has been the plan.  

 

some resigned to DWTS and the like.

 

The Guide Stones, with the unfortunate 500 million commandment, however coincidental, remind us of this line of thinking and you're right to bring it up.

 

Thanks Jim!

 

on a lighter note, you should see the Weird Al cover of Royals...

 

 

Tue, 07/29/2014 - 23:15 | 5021056 stacking12321
stacking12321's picture

total rubbish!

-1 to you and to jim, and to all the alex jones / sgt / nwo / ufo / chemtrail crowd

try actually reading the georgia guidestones, they are not in any way "commandments", they are suggestions, and good ones at that!

i don't know who made them, but someone made a suggestion about try living in harmony with nature, and the infowars wingnuts are all like, conspiracy! al gore is trying to enslave us! jesus wants us to make as many babies as possible, so anyone who says otherwise must be satan!

Tue, 07/29/2014 - 23:57 | 5021196 Yes_Questions
Yes_Questions's picture

 

 

chemtrail crowd..

 

now that's fucking funny right there! 

 

wtf does "sgt" mean?

 

 

 

 

 

Wed, 07/30/2014 - 01:24 | 5021323 stacking12321
stacking12321's picture

sgtreport.com

natural news

beforeitsnews

etc, etc

 

Wed, 07/30/2014 - 01:27 | 5021330 SF beatnik
SF beatnik's picture

I think he means Sgtreport dot com... see on youtube.

Wed, 07/30/2014 - 01:09 | 5021301 Kirk2NCC1701
Kirk2NCC1701's picture

If you knew me (by now), you'd have figured out that I was being ironic/sarcastic with my GA Guidestone comments.

I have NO issue with them, but do worry about it coming about by sociopathic human design, rather than a natural population reduction, to a level that the other species on the planet can tolerate.

Wed, 07/30/2014 - 01:28 | 5021333 stacking12321
stacking12321's picture

oh, yeah?

well, if you knew me, you'd have figured out that i was playing along with your ironic/sarcastic comments, but now you're just out of character, you messed it all up.

unfortunately humans don't have predators any more, we don't know how to live in balance, so unless an ET predator starts landing on the planet soon, we will end up doing the work ourselves.

 

Tue, 07/29/2014 - 21:12 | 5020555 Son of Loki
Son of Loki's picture

Amgen to cut at least 2,400 jobs, close plants

 

The layoffs will happen this year and next, eliminating 2,400 to 2,900 jobs, mostly in the U.S. Amgen also plans to close two sites in Colorado, primarily manufacturing plants, and two in Washington state that focus on research and development.

 

http://www.latimes.com/business/la-fiw-amgen-earns-20140729-story.html

Tue, 07/29/2014 - 21:14 | 5020565 juangrande
juangrande's picture

Colorado and Washington gotta new kinda pharma bidness. Don't need those bitches!

Tue, 07/29/2014 - 21:18 | 5020575 Son of Loki
Son of Loki's picture

juan, the Rekovery gets even moar Bullish [unless u work for jpm]:

 

JPMorgan to cut tech support jobs as revenue dips

 

(Reuters) - JPMorgan Chase & Co , the biggest U.S. bank by assets, is slashing its technology support workforce in corporate and investment banking division following a revenue dip, Bloomberg News reported, citing people familiar with the matter.

 

http://finance.yahoo.com/news/jpmorgan-cut-tech-support-jobs-revenue-dip...

Tue, 07/29/2014 - 21:20 | 5020592 American Dreams
American Dreams's picture

What news of Jamie the King.  Has he been miraculously cured by the same hands that cured the Great Chris Todd?

Know your enemy

AD

Tue, 07/29/2014 - 21:12 | 5020557 juangrande
juangrande's picture

When it collapses, those 3.5 billion will be looking for those 85.....

Tue, 07/29/2014 - 21:14 | 5020569 suicidalpsychologist
suicidalpsychologist's picture

and those 85 will pay mercenaries to protect them and blast the 3.5 billions into oblivion.

Tue, 07/29/2014 - 21:20 | 5020583 juangrande
juangrande's picture

Do the math. You can't blast 3.5 billion away in some isolated, won't affect you, way.

Tue, 07/29/2014 - 23:20 | 5021068 stacking12321
stacking12321's picture

the math is *exactly* what will blast them away: the power of the exponential function, a debt-based economy, just-in-time delivery services, and limited resources.

 

Wed, 07/30/2014 - 08:12 | 5021790 yrbmegr
yrbmegr's picture

History teaches that if the superwealthy take their eyes off the ball, the masses eventually destroy them.  See, e.g., Romanov, Bourbon, Hapsburg, Ceausescu.

Tue, 07/29/2014 - 21:16 | 5020561 darteaus
darteaus's picture

And?!

Putin seems pretty rich to me.  So does Obammy.  They have their own countries and armies.

Tue, 07/29/2014 - 21:17 | 5020577 juangrande
juangrande's picture

It's hard to hide from 1/2 the world's population. Of course, we will take each other out along the way....

Tue, 07/29/2014 - 21:14 | 5020566 suicidalpsychologist
suicidalpsychologist's picture

and? humans are animals, an animal specie, it s normal that there are a few smarter, faster, stronger alphas leading over masses of dumber, weaker, slower betas. This is the law of nature and will never ever change. Life constantly generates inequalities, if you want to end inequalities you d have to end life itself, which, will happen one day anyways.

Tue, 07/29/2014 - 21:27 | 5020638 juangrande
juangrande's picture

Unlike the unadulterated animal kingdom, elevation (monetarily), is not as simple as Darwinian principles imply. Of the 3.5 billlion ( or more) humans, I posit, there are lot's of innovators! They just need a goal and opportunity.

Tue, 07/29/2014 - 21:38 | 5020694 Bangin7GramRocks
Bangin7GramRocks's picture

There is nothing faster, stronger or smarter about the Walton heirs! Or the Russian gangsters who were given the state oil, steel and nat gas industries. Fuck you all for thinking there is anything normal or OK about the current situation.

Tue, 07/29/2014 - 23:41 | 5021148 NidStyles
NidStyles's picture

You just woke up to reality and thought it wasn't normal? Where have you been this entire time? Off in some delusion where the world was nice and everyone was honest??

Wed, 07/30/2014 - 01:30 | 5021340 SF beatnik
SF beatnik's picture

Lloyd's successful only because he's doing God's work, 

Tue, 07/29/2014 - 23:38 | 5021136 NidStyles
NidStyles's picture

Intelligence means more than physical ability. 

Tue, 07/29/2014 - 21:18 | 5020573 crazytechnician
crazytechnician's picture

..

Tue, 07/29/2014 - 21:28 | 5020611 astitchintime
astitchintime's picture

It ain't gonna happen PERIOD and to waste time hoping congress will do the right thing is an exercise in futility <hopelessness>

We are stuck with this abomination of justice until it's term is finished PERIOD!

EDIT:  apologies, had to remove the extra consonants ;)

Tue, 07/29/2014 - 21:23 | 5020616 A Lunatic
A Lunatic's picture

Who cares.........?

Tue, 07/29/2014 - 21:29 | 5020647 Curt W
Curt W's picture

The best solution would be to get rid of the poorest 3.5 billion

Tue, 07/29/2014 - 21:37 | 5020685 grunk
grunk's picture

Something like that is most likely in the works.

Tue, 07/29/2014 - 21:40 | 5020704 blindman
blindman's picture

how hard and smart do 85 people work
to sustain equivalence to 3+ billion?
.
creative accounting, the power of imagination?
hubris?

Tue, 07/29/2014 - 21:44 | 5020711 suicidalpsychologist
suicidalpsychologist's picture

Money?

With money you can buy enough men and weapons do build fortresses and protect yourself.

 

Man is its own predator. A minority will always enslave and prey on the majority one way or another, it cannot be otherwise, deal with it, we re animals, nothing less, nothing more.

Tue, 07/29/2014 - 23:24 | 5021084 stacking12321
stacking12321's picture

nah, it's just that the below-100 IQ crowd are their own worst enemies (and half the world's population, 3.5 billion, are below average)

they are not so good at math, or clever enough to know what's going on and how they are getting fleeced every day through taxation and inflation (debt-based monetary system), they are donating their wealth and labor to those at the top.

Tue, 07/29/2014 - 21:45 | 5020725 DerAdler
DerAdler's picture

In Europe in the Middle Ages this did not happen. 

Tue, 07/29/2014 - 21:49 | 5020728 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

F-ck the 3.5 billion.

Have they earned it?

Have they stolen it?

No.

Bwahahahahahaha!

Welcome to the NWO peeps.

Tue, 07/29/2014 - 21:48 | 5020737 q99x2
q99x2's picture

That's what I've been saying: if there is going to be a world war it doesn't have to be a very big one. 7 billion people against 85. The 85 must lose, no?

Tue, 07/29/2014 - 21:50 | 5020748 p00k1e
p00k1e's picture

If we didn't have the debt, we'd be the poor peeps.  Kill 'em while they're down! 

Tue, 07/29/2014 - 21:54 | 5020766 Wahooo
Wahooo's picture

Qatai slave trade for the world cup. Boycott these bastards.

http://www.si.com/soccer/planet-futbol/2014/05/14/qatar-world-cup-2022-e...

 

Tue, 07/29/2014 - 22:01 | 5020787 Atomizer
Atomizer's picture

Don’t start this wealth redistribution bullshit again. It won’t happen. Tell Obama to fuck himself on Promise Zones.

 

Appears we can create our own Mexican slave labor camp and be compensated up to $7,000/month to foster these rug rats. I’ll take 10 slaves please.

http://www.breitbart.com/Breitbart-Texas/2014/07/29/Collect-More-Than-7-2-k-Per-Month-for-Fostering-Adult-Illegal-Aliens

 

Democratic Plantation Business Proposal.

  • Pool cleaning service to surrounding neighbors
  • House cleaning service
  • Landscaping service
  • Car washing service
  • Butler Service
  • Mexican translation service.
  • Mexican teaching classes

The list goes on. Will just arrange for my monthly 3 sacks of rice to be shipped from UN World Food Program.

Water supply is not a problem. Have several garden hoses around the house. You inquired about bathing, just need to turn on the lawn sprinkler system in the back yard. Towels you ask, We have to reflect about saving the earth and not wasting precious resources. Can simply fire up the leaf blower to dry down my foster crew members will do the trick.

/Just a bit of humor.

Tue, 07/29/2014 - 22:25 | 5020885 Duffy Duck
Duffy Duck's picture

See you in the Hope Camps, Atomizer. 

Tue, 07/29/2014 - 22:05 | 5020810 robertocarlos
robertocarlos's picture

It's all funny money anyways. The top 85 could all be pigs and they wouldn't use a fraction of the resources to house and feed 3.5 billion people. Let the 85 have their fun, then hang them.

Tue, 07/29/2014 - 22:14 | 5020839 Atomizer
Atomizer's picture

Just make fun of them. Hypocrisy will stand out like a teenager with pimples on their face.

Tue, 07/29/2014 - 22:15 | 5020846 suicidalpsychologist
suicidalpsychologist's picture

and let 85 new assholes take their place. Life is an eternal cycle.

Tue, 07/29/2014 - 22:20 | 5020860 tickhound
tickhound's picture

I've read every comment and I'm totally disappointed. One thing you've all realized tho FINALLY... You can't fit a square peg into a round hole.

Even the author is limited in his research towards solutions. He gets the "socialism won't work" aspect but not much else. Solution-wise, he's clueless too.

And this quote below shows his own shortsightedness and inability (or want) to understand the current state of technology.

"What we need is a system that empowers individuals and families to work hard, be creative, build businesses and to take care of themselves."

Lol. Maybe this would work in the 20th century.

Problem solving begins with an end to monetarism. This includes socialism, capitalism, fascism and every other ism that is simply a derivative of monetary-ism.

But that requires "letting go" of some conditioning, and beginning thought experiments of what is possible.

It will be the engineers and scientists, operating without the premise of monetary-ism, that can solve these problems. Not the politicians who attempt to solve these problems under the same premises and conditioning that most, even here, suffer from....

Tue, 07/29/2014 - 22:33 | 5020911 suicidalpsychologist
suicidalpsychologist's picture

engineers and scientists need to be paid, moron.

Tue, 07/29/2014 - 22:51 | 5020971 tickhound
tickhound's picture

When you understand what monetarism is, i might think you're ready for discussion.

Til then, when the fuck did we end up with ALL these LeAVE it BEAVER fucking boomergoons who can't see past what they've experienced? I got Wally Cleavers telling me human ART, human CREATIVITY, human THOUGHT never began without "being paid."

Gee Wally, yes, inside that little box you've locked yourself into, I suppose you're right. I don't know any scientists, or engineers, who think, or create, without influence. I don't speak with them daily. You'd know.

You're a fucking genius. You should run for president. I's gotsta be paid, yo. You may as well Ebonics away.

Wed, 07/30/2014 - 02:48 | 5021429 stacking12321
stacking12321's picture

either you're talking rubbish, or you are not clear on your definitions.

i will use wikipedia's definitions:

"Monetarism is a school of economic thought that emphasizes the role of governments in controlling the amount of money in circulation."

"Capitalism is an economic system in which trade, industry, and the means of production are largely or entirely privately owned and operated for profit."

in other words, capitalism is *not* a form of monetarism; in capitalism, people are free to choose their own currency, it is not decided by the government.

i don't disagree that "monetarism" needs to end, but you should understand that REAL capitalism is the solution, not the problem. what we have now is not capitalism, but crapitalism (a.k.a. crony capitalism, aka facism)


Wed, 07/30/2014 - 10:43 | 5022521 tickhound
tickhound's picture

When speaking of monetarism... And I use the word to pre-date the Friedman / Keynes / wiki and even to pre-date the actions taken in the 1920's and 30's... I usually, almost always, make a distinction of what the term should imply, and has begun to imply to more and more people going forward... Monetary-ism. It's there in the last paragraph, but I get the semantic assault when I just use this word as well. It's there to describe the increasingly obsolete need for money in any labor/wage/consumption model.

Tue, 07/29/2014 - 22:23 | 5020879 Duffy Duck
Duffy Duck's picture

So this absurd maldistribution of economic resources isn't capitalism's fault.  No thinking person could ever criticize any aspect of capitalism, per se, obviously.  It is the one true religion and so forth.  I know, I get it.

But what is it the fault of, and how is it to be addressed since neither capitalism nor 'government' could or should be allowed to address it?

I don't, by the way, claim to have the answer.  I do, however claim that ideological fanatics don't either - they have ideology.

Governments can be restrictive, surely, and I'd like much, much less of it.

But ideology is also restrictive.  It limits the universe of thought, hence potential creative solutions.

jm2c

Tue, 07/29/2014 - 22:27 | 5020898 tickhound
tickhound's picture

"It is the one true religion and so forth. I know, I get it."
No, you don't. It isn't a religion. It's just all we know.

I say this with respect, cuz I actually enjoy reading some of your comments, just not this one.

You want options. That's enough for me.

Wed, 07/30/2014 - 02:59 | 5021441 stacking12321
stacking12321's picture

don't misunderstand what capitalism is. it's not some great scheme, like communism, facism, etc.

capitalism is merely the freedom to interact with other human beings on a voluntary basis, without coercion. what could be more simple and honest than that?

capitalism does not currently exist, on any large scale, but it does exist in our daily lives, in our interactions with others, when coercion is absent.

capitalism does not have views, nor can it be responsible for someone's misallocation of resources. with capitalism we are each responsible for our own choices.

Wed, 07/30/2014 - 05:52 | 5021608 Ghordius
Ghordius's picture

nah, don't put capitalism too high on that pedestal. capitalism starts with capital. in it's best form, freedom from oppression of capital, meaning if Paul tries to take Peter's capital away, Peter will get help from others to keep it. aka Property Rights

though capitalism has also an ugly face, best seen when Paul is starving on the street and Peter passes by and mulls over if he should eat oysters or caviar with his champagne

capitalism is very efficient in the allocation of productive resources. yet it is not that efficient in the distribution of resources... for example to the needy (which is a political and moral issue)

the classical response to capitalism is... labour organizations, mired to extract a better price for labour. the old (ugly) response of capital to that is anti-labour laws and actions, the new one - thanks to globalization - is to move productive assets offshore, and tap foreign labour

capital does not work in vacuum. it needs both land and labour. this classical picture has not changed much

on the other side, the super-hyper-rich does not consume much, at least not what more needy people would if they had his capital. so, funnily, the 85 Super Wealthy don't "oppress" the rest as much as other things do. buying old master paintings does not affect the price of chicken burgers and the rents of apartments, for example

the Super Wealthy have a different ugly side of them: when they buy whole media empires and propagate their views, for example, or when they set up oligopolies or monopolies, which is often the reason for their huge wealth. or when they deploy private armies, or push for war in general

Thu, 07/31/2014 - 01:17 | 5026243 stacking12321
stacking12321's picture

when you say "don't put capitalism too high on that pedestal", what i read is, don't put freedom too high on that pedestal, don't put human rights too high on that pedestal. don't put the ability to live your life as you see fit without threats or intimidation from others, too high on that pedestal.

capitalism does not address *any* resource allocation issues, that is not its job. capitalism doesn't own any resources - people do, people like you! if you accept that you can have ownership of property, then you have the right to use that property as you see fit. you have the right to use it, to sell it, to give it away, whatever suits you.

i won't address your tangential rant about the super-rich, as that has nothing to do with capitalism, except to say that the super-rich get that way because we DON'T have capitalism, instead we have central banking setting rates, giving away basically free money to the super-rich who buy politians and central bankers to do their bidding. capitalism is the cure to this, as it liberates markets, allows true price discovery, and unshackles the common man to better himself and to keep the fruit of his own labors.

Tue, 07/29/2014 - 22:26 | 5020891 GFORCE
GFORCE's picture

Many poor have have the same opportunities as those who became rich. It's all about desire. ZH wants to reward those who are bad at trading and generally bad at life!

Tue, 07/29/2014 - 22:31 | 5020902 tickhound
tickhound's picture

When exactly did "life" become ones ability to accumulate money? I won't give you a history lesson. You can do that yourself. It served a purpose... When u fetched water for the dude who grew your tomatoes, or herded sheep.. And barter was too complicated and cumbersome.

We may revisit them, as failure of an outdated system prove painful, but ultimately.....

...Those days are GONE.

Tue, 07/29/2014 - 22:57 | 5021003 suicidalpsychologist
suicidalpsychologist's picture

life is ones ability to  dominate, accumulate power over weaker siblings, money just being one of the accepted tools.

Tue, 07/29/2014 - 23:03 | 5021015 tickhound
tickhound's picture

You're a rat, Wally, in a really bad experiment. And your Pavlovian reply is conditioned.

Wed, 07/30/2014 - 09:22 | 5022132 Jack4952
Jack4952's picture

GFORCE: "Many poor have have the same opportunities as those who became rich."

 

MY REPLY: What a load of bullshit !!!!

Just look at who owns the FEDERAL RESERVE. The relations between these select families is almost incestuous!

To read who owns the Federal Reserve, with FIVE CHARTS, see:

1.) The article "The Federal Reserve: Who Really Own It?"at  http://JohnHenryHill.Wordpress.com

(with a LINK at the bottom of the article to opena PDF file containing the 5 ownership charts)

OR

2.) http://www.lawfulpath.com/ref/federal_reserve.shtml

 

Tue, 07/29/2014 - 22:29 | 5020901 laomei
laomei's picture

In other words, knock off 85 or so people and make the world a better place.

Tue, 07/29/2014 - 23:20 | 5021069 juangrande
juangrande's picture

That's the simple response that inspired " meet the new boss, same as the old boss". Truth is those 85 were created by the limited mind of the 7 billion. As tickhound keeps saying, we've got to free our minds from the constraints of fear!

Wed, 07/30/2014 - 03:05 | 5021453 stacking12321
stacking12321's picture

i don't even believe this made-up number of 85, or the total wealth they control.

who did the math? who verified it? where did the data come from?

rich people usually don't hold assets in their own names, they use trusts, and corporations, and webs of control.

Tue, 07/29/2014 - 22:33 | 5020914 Crazed Smoker
Crazed Smoker's picture

A reminder that the oldest story in human history repeats - man's inhumanity and oppression of man.   We as human beings are disgusting.  

Tue, 07/29/2014 - 22:55 | 5020988 Kreditanstalt
Kreditanstalt's picture

Useless statistic...which only gives fuel to the "fight inequality" zealots.

Instead, tell me how many wealthy individuals got that way through government favouritism, and how many got that way DESPITE government.

 

 

Tue, 07/29/2014 - 22:58 | 5021004 AndrewJackson
AndrewJackson's picture

While I agree an inreasing gap between the rich and the poor is a sign of an economic system that is built on cronyism and bailouts, it is mind boggling how much of this gap (at least in the western world) is of our own making. I will be worth more than many of my coworkers put together for the simple fact that I don't spend like an absolute moron.

Tue, 07/29/2014 - 23:34 | 5021107 AdvancingTime
AdvancingTime's picture

The main benefit of unions has been to better distribute labor the rewards of labor. This gives more people a path to finding real and fulfilling work. The cost of inequality is taking a toll on our culture. Robots and new technology have streamlined and increased productivity and at the same time eliminated many jobs. Unions are only part of a much bigger picture in a fast changing world.

Many other issues exist such as the role of big business, it is good for big business but not necessarily for the masses. Consolidation often means a gain in efficiency, but this often comes at the cost of losing diversity and a "robustness" to both society and the economy.

The benefits of efficiency sometimes have a huge hidden cost. How the fruits of labor are divided is important, this includes not just the wage deserved by a common laborer, but how much  those in management, top CEO's, and those that can't, or choose not to work, receive. The article below delves into this important and complex world wide issue.

http://brucewilds.blogspot.com/2013/04/society-must-better-divide-labor....

Tue, 07/29/2014 - 23:46 | 5021169 thamnosma
thamnosma's picture

Yes, unions in the industrial sector definitely improved the general lot.  Of course, during those times manufacturing was a major, if not the major, form of employment. 

I harbor NO such sympathy for ANY government/public employee union.  Those are purely corrupt enterprises.

Tue, 07/29/2014 - 23:44 | 5021157 thamnosma
thamnosma's picture

I very much support true free markets.  I question whether under such conditions this sort of disparity would occur.  Most likely it exists ONLY due to government and whom it protects.   One simply must be a very protected mega-insider to be one of the 85.

Wed, 07/30/2014 - 00:00 | 5021201 dolbiere
dolbiere's picture

geez, i'm foaming at the mouth. bill gates and warren buffett are a couple of the worst examples of american capitalism. the two little punks have set up there foundations to be tax exempt because they are so important as how to think. oh everybody else needs to pay their taxes. as warren buffet has said it is not good to let wealth congregate in a sinlge area. really? btw, this is the guy, who behind closed  doors with henry paulson conspired to give goldman sachs 20 billion and a sweetheart deal to himself.

Wed, 07/30/2014 - 03:08 | 5021457 stacking12321
stacking12321's picture

they aren't examples of capitalism, they are examples of cronyism.

don't sully the word capitalism by putting it in the same sentence as gates and buffett.

Wed, 07/30/2014 - 00:13 | 5021218 wisefool
wisefool's picture

It seems like some smart people should create a system of taxation that prevents stuff like this from happening. I don't think 85 people have enough creative ideas to leverage those resources into technological and medical discoveries to advance the human race in the long term.

But they sure do put on a good show for us every election cycle.

Wed, 07/30/2014 - 03:14 | 5021466 stacking12321
stacking12321's picture

systems of taxation (government) are the SOURCE of the problem, not the solution!

favoritism, cronyism, bribery, corruption, are what have allowed public taxpayer funds to be funnelled to those very 85 people!

you are suggesting that we should put out the fire by throwing gas on it, think about what you're saying.

better to eliminate all taxation, give people the choice to do what's best with their own money, and stop putting the control of that wealth in the hands of corrupt government officials which will inevitably be bribed/persuaded to divert the funds to their masters.

Wed, 07/30/2014 - 09:05 | 5021999 Jack4952
Jack4952's picture

How about "DEBT FORGIVENESS"? It was used for thousands of years and was commonly called a "debt jubilee".

Even in ancient Sumeria it was calculated that the rich who lent out money at compound interest would very soon possess ALL the money and land.  That is WHY they had regular "debt jubilees" - to prevent revolutions against the rich (which included the king).

 

 

 

Wed, 07/30/2014 - 01:21 | 5021314 CactusLand
CactusLand's picture

It is time to end the Matrix, simple awareness by 10% or more an it collapses.

How was it created and what are its key elements?

The Seven Pillars of the Matrix

http://www.thecactusland.com/2014/07/the-seven-pillars-of-matrix.html

Wed, 07/30/2014 - 01:46 | 5021359 HDaryl
HDaryl's picture

This article is complete rubbish. First, the top 5%, top 2%, top 1%, top .1%, or top .01% have huge sums of fiat paper money compared to the bottom 50%, 60%, 70%, etc. So what. The author is asking the wrong questions, and subconsciously succumbing to the narrative that fiat paper money is wealth. What the current situation in fact details is the absolute absurdity of fiat paper money wealth.

The statistics for the "richest" country on the planet-the USA are equally as dire. 50 million on food stamps. Untold millions on unemploment or disability. Real unemployment in the 20 percent range. But, at the end of the day, fiat paper money is good for burning in woodstoves as shown in Weimar Germany when these currency hyperinflate and collapse.  

So, if these "super rich" in fact have so much "wealth"? Why are they so worried? Why do we see articles warning about pitchforks coming from their ranks? Because, they understand that in the final analysis they are in an existential battle (which they are losing) to preserve the myth of their wealth which is premised on the continuation of the fiat paper money and ever increasing debt structure.

"When you got nothing, you've got nothing to lose..." Do you really believe that the poorest person based on a fiat paper money standard in the poorest country (Sudan, Ethipia, Somalia, etc.) is really less wealthy than Bill Gates, or any other known or unknown Gazillionaire? What happens when his or her Gazillions evaporate? OK, they'll have art. Great. But who cares about a $150 million Picasso when one is starving? And, no one has any real money to buy said Picasso? And even if they did, a Picasso would be the last thing on their list to buy? Real estate? Wonderful, until the entire country collapses and the system of property rights vaporizes. Can't happen? Chack out what happened in the Czech Republic in the last 100 years, and how many times this exact eventuality transpired. Your family owned huge farms in 1900. Sorry World War 1 nullified that. Your family owned huge farms in 1938? Sorry World War II nullified that? Then we have the Soviet Union. So.....who owns what, now.

The fact is, these ever increasingly accumulating fiat paper money Gazillionaires are some of the most dependent and poor people on the planet. They require the myth of fiat paper money "wealth" to continue to be perpetuated. They are dependent on nation states and the rule of law continuing to remain in place. They almost uniformly lack the skills to provide for themselves.

Thus, going into the next chapter of world history I would much rather have the independent self reliant skills of the poorest on the planet, than to be sitting in the position of a dependent unself sufficient oligarch. Do you really think that a subsistence anybody in the majority on the planet is going to miss a beat when the global fiat paper money system collapses. Same ole same ole for them.

This is what the Gazillionaires understand, and why they are very, very worried.

 

Wed, 07/30/2014 - 02:41 | 5021420 thamnosma
thamnosma's picture

They may be suffering from existential fear, but existentialism is a luxury the starving cannot afford.

Wed, 07/30/2014 - 09:39 | 5022209 Jack4952
Jack4952's picture

Reply to HDaryl:

The problem did NOT start with fiat currencies or even paper money (even when backed by gold).

The problem began with COMPOUND INTERERST on loans.

How about "DEBT FORGIVENESS"? It was used for thousands of years and was commonly called a "debt jubilee".

Even in ancient Sumeria it was calculated that the rich who lent out money at compound interest would very soon possess ALL the money and land.  That is WHY they had regular "debt jubilees" - to prevent revolutions against the rich (which included the king).

Do you think the KIng and the Rich truly wanted to forgive these debts??? Of course not! However, they knew enough about mathematics and compound interest to realize that in a very short time, the very few rich would possess ALL the money.  The two consequences of that would be: (1) A halt to all commerce and (2) a revolution.  Better to give up some of your wealth now than to lose it ALL later, along with your head!

 

 

 

Wed, 07/30/2014 - 06:40 | 5021652 falak pema
falak pema's picture

lol, ZH is a staunch supporter of tea party populist thinking and small government.

Yet it posts these Piketty type conclusions that point in exactly the other direction; aka the world needs more regulation and protection of the poor from the criminal greed of the Oligarchs who control the information systems, the financial spider's web as well as the legislators and judicial institutions of the world. 

85 people represent who wields the REAL economic and thus the political power of this neo-feudal world.

And that begs the question : how can the 2500 year thread of democracy and justice survive if the world moves back to the age of Tarquins and Tyrants? 

Do we now JUNK Socrates, Solon, Pericles, Plato and Aristotle?

Wed, 07/30/2014 - 08:59 | 5021961 Jack4952
Jack4952's picture

If I wrote the PRESIDENT's speeches, this would be my response:

 

Ladies and gentlemen of the press,

Thank you all for coming here today. What a beautiful setting on such a wonderful day!

The statement is a recent blog on ZeroHedge.com claimed that "somewhere around a billion people go to bed hungry every single night."

As President I want all the American people to know that I done my best to alleviate this situation, both in the U.S. and abroad. First, I allowed the big banks to foreclose on close to one million homes, thereby tossing these families out onto the street where they have NO beds on which to sleep. Second, by my miltary actions in various countries, we have killed millions of people. And obviously, a dead person is NOT a hungry person. Further, these military actions also have forced additional millions of people to abandon their homes and become refugess. Now, honestly, have you ever ONCE seen a refugee carrying a bed as he wandered aimlessly down some dirt road?

As your President I am aware of recent reports about the thousands U.S. military veterans being denied access to the most basic medical care in Veterans Administration hospitals. But it is common knowledge that many of the vets suffer from PTSD and are homeless. But certainly trying to sleep on a park bench can not be equated with "going to bed." Then there are some people who CHOOSE to go to bed hungry. Just look at detainees at Guantanamo - they refused to eat anything for days.

Also the First Lady has also done her part through her school nutrition programs. We have all read reports of students dumping these lunches into the garbage bins. Is that a sign of a student going hungry?

We should all take such reports posted on non-traditional media with a "grain of salt" ... that is, if you can AFFORD to buy any salt.

Thank you.

[pause]

"OK, Senator Reid, I bet I can get this one onto the green in two!"

;-)   ;-)    ;-)

 

- Jack4952

 

Wed, 07/30/2014 - 09:05 | 5022035 Joe_in_Indiana
Joe_in_Indiana's picture

Who are these 85 people. Can't find a list.

Wed, 07/30/2014 - 09:31 | 5022177 Jack4952
Jack4952's picture

To Joe_in_Indiana: 

This might be a good place to start looking.

To read who owns the Federal Reserve, with FIVE CHARTS, see:

1.) The article "The Federal Reserve: Who Really Own It?"at  http://JohnHenryHill.Wordpress.com

(with a LINK at the bottom of the article to opena PDF file containing the 5 ownership charts)

OR

2.) http://www.lawfulpath.com/ref/federal_reserve.shtml

Wed, 07/30/2014 - 09:36 | 5022195 Edge.case
Edge.case's picture

more money? Really? Yea, I'm sure it's actual "money" and just sitting around collecting dust. 

 

The problem has nothing to do with hoarding wealth. This post is a pile or progressive garbage. 

 

"Nearly 21 million people are working as modern day slaves"

 

There are a hell of a lot more "slaves" than that, myself included.

Wed, 07/30/2014 - 10:44 | 5022519 eishund
eishund's picture

The chaps from ivory coast duno wat their cocoa beans are used for. Until someone gave them a piece of schokolade.

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