Half Of The Population Of The World Is Dirt Poor - And The Global Elite Want To Keep It That Way

Tyler Durden's picture

Submitted by Michale Snyder via The Economic Collapse blog,

Could you survive on just $2.50 a day?  According to Compassion International, approximately half of the population of the entire planet currently lives on $2.50 a day or less.  Meanwhile, those hoarding wealth at the very top of the global pyramid are rapidly becoming a lot wealthier.  Don’t get me wrong – I am a very big believer in working hard and contributing something of value to society, and those that work the hardest and contribute the most should be able to reap the rewards.  In this article I am in no way, shape or form criticizing true capitalism, because if true capitalism were actually being practiced all over the planet we would have far, far less poverty today.  Instead, our planet is dominated by a heavily socialized debt-based central banking system that systematically transfers wealth from hard working ordinary citizens to the global elite.  Those at the very top of the pyramid know that they are impoverishing everyone else, and they very much intend to keep it that way.

Let’s start with some of the hard numbers.  According to Zero Hedge, Credit Suisse had just released their yearly report on global wealth, and it shows that 45.6 percent of all the wealth in the world is controlled by just 0.7 percent of the people…

As Credit Suisse tantalizingly shows year after year, the number of people who control just shy of a majority of global net worth, or 45.6% of the roughly $255 trillion in household wealth, is declining progressively relative to the total population of the world, and in 2016 the number of people who are worth more than $1 million was just 33 million, roughly 0.7% of the world’s population of adults. On the other end of the pyramid, some 3.5 billion adults had a net worth of less than $10,000, accounting for just about $6 trillion in household wealth.

And since this is a yearly report, we can go back and see how things have changed over time.  When Zero Hedge did this, it was discovered that the wealth of those at the very top “has nearly doubled” over the past six years, and meanwhile the poor have gotten even poorer…

Incidentally, we tracked down the first Credit Suisse report we found in this series from 2010, where the total wealth of the top “layer” in the pyramid was a modest $69.2 trillion for the world’s millionaires. It has nearly doubled in the 6 years since then. Meanwhile, the world’s poorest have gotten, you got it, poorer, as those adults who were worth less than $10,000 in 2010 had a combined net worth of $8.2 trillion, a number which has since declined to $6.1 trillion in 2016 despite a half a billion increase in the sample size.

If these trends continue at this pace, it won’t be too long before the global elite have virtually all of the wealth and the rest of us have virtually nothing.

Perhaps you are fortunate enough to still have a good job, and you live in a large home and you will sleep in a warm bed tonight.

Well, you should consider yourself to be very blessed, because that is definitely not the case for most of the rest of the world.  The following 11 facts about global poverty come from dosomething.com, and I want you to really let these numbers sink in for a moment…

  1. Nearly 1/2 of the world’s population — more than 3 billion people — live on less than $2.50 a day. More than 1.3 billion live in extreme poverty — less than $1.25 a day.
  2. 1 billion children worldwide are living in poverty. According to UNICEF, 22,000 children die each day due to poverty.
  3. 805 million people worldwide do not have enough food to eat. Food banks are especially important in providing food for people that can’t afford it themselves. Run a food drive outside your local grocery store so people in your community have enough to eat. Sign up for Supermarket Stakeout.
  4. More than 750 million people lack adequate access to clean drinking water. Diarrhea caused by inadequate drinking water, sanitation, and hand hygiene kills an estimated 842,000 people every year globally, or approximately 2,300 people per day.
  5. In 2011, 165 million children under the age 5 were stunted (reduced rate of growth and development) due to chronic malnutrition.
  6. Preventable diseases like diarrhea and pneumonia take the lives of 2 million children a year who are too poor to afford proper treatment.
  7. As of 2013, 21.8 million children under 1 year of age worldwide had not received the three recommended doses of vaccine against diphtheria, tetanus and pertussis.
  8. 1/4 of all humans live without electricity — approximately 1.6 billion people.
  9. 80% of the world population lives on less than $10 a day.
  10. Oxfam estimates that it would take $60 billion annually to end extreme global poverty–that’s less than 1/4 the income of the top 100 richest billionaires.
  11. The World Food Programme says, “The poor are hungry and their hunger traps them in poverty.” Hunger is the number one cause of death in the world, killing more than HIV/AIDS, malaria, and tuberculosis combined.

So how did we get here?

Debt is the primary mechanism that takes wealth from ordinary people like you and me and puts it into the hands of the global elite.

In my recent article entitled “Why Donald Trump Must Shut Down The Federal Reserve And Start Issuing Debt-Free Money“, I discussed how the Federal Reserve was designed to entrap the U.S. government in an endless debt spiral from which it could never possibly escape.  And that is precisely what has happened, as the U.S. national debt has gotten more than 5000 times larger since the Federal Reserve was created in 1913.

In that very same year, the federal income tax was instituted, and that is a key part of the program for the global elite.  You see, the income tax is how wealth is transferred from us to the government.  And then a continuously growing national debt is how that wealth is transferred from the government to the elite.

It is a very complicated system, but at the end of the day it is all about taking money from us and getting it into their pockets.

And at this point more than 99.9 percent of the population of the world lives in a country with a central bank, and almost every nation on the planet has some form of income tax.

It is a global system that is designed to create as much debt as possible, and I recently shared with my readers that the total amount of debt in the world has hit a staggering all-time record high of 152 trillion dollars.

The borrower is the servant of the lender, and the global elite have used various forms of debt to turn the rest of the planet into their debt slaves.

As debt levels race higher and higher all over the planet, the elite are using the magic of compound interest to grab a bigger and bigger share of the pie.

Given enough time, those at the very top would have virtually everything and the rest of us would have virtually nothing.  The middle class is shrinking all over the globe, and the gap between the wealthy and the poor continues to grow at an astounding pace.

But the vast majority of people out there have no idea how money, debt, taxes and central banks really work, and so they have no idea that this is purposely being done to them.

The truth is that we don’t have to have this much global poverty, and if we correctly identify the root causes of this poverty we can start working on some real solutions.

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NoWayJose's picture

Dirt poor and breeding fast!

Beam Me Up Scotty's picture

I have never understood that.  People that can barely take care of themselves, and they pop a few kids out.  Breeding like rats!!

Beam Me Up Scotty's picture

I concur.  Poke till you croke.  There are methods to avoid getting knocked up however.  I find I get to fuck more now that the kids are out of the house than I did when they were in the house.  If your MO is more fucking, then the last thing you want is more kids.

DFCtomm's picture

Half Of The Population Of The World Is Dirt Poor - And The Global Elite Want To Keep It That Way.

I don't agree. We can see a time when the elite class won't need the poor for much of anything anymore, and that is the first time that has ever happened in human history.

Wilcox1's picture

And virtually all of us have a direct hand in helping the eelshits keep it that way. Why? Because that's how we are hardwired. Undo some wiring, people, or nothing will change.

truthalwayswinsout's picture

Is Hillary's ass still available for licking and sucking up?

Zoomorph's picture

We should all want to keep it that way. The planet cannot support a rich lifestyle for 7 billion humans. It's us or them.

GracchusBrothers's picture

Global Elites...meet a rising tide of world-wide populist nationalism.

Off with your heads!

trgfunds's picture

I love seeing all these ZHers complaining. (While they still work their corporate job and bank with Chase and Bank of America) IF YOU DON'T LIKE IT, FUCKING QUIT.

thecondor's picture

It's called blending in. Lol. Contrairians in sheep's clothing. 

Zoomorph's picture

This is how life and evolution works. The great majority are in the dirt, clawing at those above them. A few rise to the top and occupy the top. Eventually those at the top tend to lose it and fall back down or to be surpassed by others. The desire to defeat or tone down this fundamental quality of life, to make all humans equal or to remove all challenges or unfairness from our lives, is a sickness and a weariness.

Paul E. Math's picture

No, it's not how evolution works.  Check the animal kingdom.  'Dog eat dog'?  Actually dogs don't generally eat each other because they live and hunt in packs and need each other.  Sure, the big dog eats first but he doesn't then piss on the kill so noone else can eat.  He doesn't do that because he needs his henchmen to bring down the big game next time.

But the plutocrats are altering the world so they no longer need us and, when that goal is complete, they will kill the rest of us just as quickly as they can.

Unless we take action to stop it.

Zoomorph's picture

Dogs compete with other species. Humans are advanced enough that we compete within our species.

Within human competition there are many groups. It's not as simple as "the plutocrats vs. us".

I am on to you's picture

So, Mr Snyder,the foxcon workers,are hard workers? or not hard workers,do they reap the reward?No,not in this life,bad luck to them,sarc!

No poors,no rich,or no rich no poors.

Shure, the rich has always been around,thats  why, there still are poor people around the globe.

Hm, a football team, a billion Dollars,very usefull,to keep the poor people calm and sedated,opium to the masses.Put up another twenty billion and you get tax dodgers like Messi and Neymar,wonderfull.

Like the words of a Rolling Stone song goes:you cant always get what you want,you cant always get what you want,but if you try some time,you just do like me,you pay your tax in a haven, oh yeah,we are all in it together.

 

TrustbutVerify's picture

Many countries, states, cities, towns, neighborhoods, regions, even hemispheres are poor because of crime, corruption and a lack of education. Obviously, there are many good people in these various places. But pouring unchecked money in - as has been done with trillions and trillions of dollars for decades via the international "war on poverty" - has done little or nothing, often making the situations worse.

orangegeek's picture

Oxfam estimates that it would take $60 billion annually to end extreme global poverty–that’s less than 1/4 the income of the top 100 richest billionaires.

 

Another pile of shit statement from a division of the UN - the biggest bloat-fest of useless people consuming 100's of billions per year and doing very little.

 

Oxfam should be disbanded - UN trash!!

TnAndy's picture

"So how did we get here? "

 

I'd assume it was the God given directive to "go forth and multiply".......well past time to say "OK...ENOUGH NOW....."

Seriously.....every single bullet point has the same basis.....too damn many folks. 

Wanna cure world hunger/etc ?  Start decreasing population....or like an over grown Petri dish, nature will do it for ya.

 

uhland62's picture

We got here by rejecting communism so outright that we embraced capitalism with too much uncritical love.

Therefore we've nearly returned to Dickensian circumstances. Excessive population growth was a co-factor. 

China has brought hundreds of millions out of poverty. Now let's hire them to fix a few things elsewhere. OMG they will all say, can't do that! They also kept an eye on not letting population growth become excessive. OMG they will all say. Have it your own way - until the Dickensian circumstances come hitting you. In fact they already do, the costs for migrations into Europe from the ME and Africa are already crippling countries, the EU, and progress in general. 

PrivetHedge's picture

We haven't got capitalism.

There is no central bank and no 'too big to fail' taxpayer rapes in capitalism.

GreatUncle's picture

You can sell the concept into the world ... problem for the EU and USA though is they thought they could absorb the global problem.

Wake up mother fukkers, you did nothing for the rest of the world for them to create a civilised society you just allowed a whole exodus of people to destroy yours.

Nope a fucking shambles Merkel ...

Charming Anarchist's picture

Adam and Eve were rich.

GreatUncle's picture

Yeah and you notice how even they fucked that up too! Greed.

Harry Paranockus's picture

"When Zero Hedgedid this, it was discovered that the wealth of those at the very top “has nearly doubled” over the past six years, and meanwhile the poor have gotten even poorer…"

How did they double their wealth?

And those 11 facts from dosomething.com? How much of that is found in the United States?

I'll have to agree about the debt thing. I've been retired and debt free for 17 years, and easily live well on lower middle class income.

 

Paul E. Math's picture

They sure as hell didn't double their income by earning it.  

That's one of the biggest lies ever spread, that rich people are rich because they earned it.  If that were the case then you could take away all the money from these richest billionaires and in 6 years they would have half of it back because they're so damn productive.

Bemused Observer's picture

Living standards are going down not because the elites are DRIVING them down, but as a RESULT of their greed. They are growing more aware of the dangers posed by such a large gap, and I have heard many warnings from wealthy folk that something must be done. But they're on a roll, and no one wants to step away from the table.

They would LIKE to see someone step up and take care of the situation...they vaguely imagine some sort of 'taxpayer funded bailout' that provides enough to keep those folks quiet. I imagine they'll probably shuck the jackets and shoes and dive in if it looks like we're going down for good, since their wealth depends on us being a functioning entity. But for now, they want to stay dry and see if someone else doesn't jump in first and save them all that trouble.

I think most elites are of the 'Asshole' variety, not the 'Evil' type.

milking institute's picture

Half the worlds population is dirt poor??? my guess would be more like 79%,hell,my neighbour just bought a brand new BMW on a 80 month loan,idiot hasn't payed child support in 4 month. he's as poor as the street beggar in Karatchi except the beggar sleeps well....

RafterManFMJ's picture

Child support is something only white men pay lol!

GreatUncle's picture

It is a great way to smash the concept of law and kind of throws a rock in the wheel of female equality.

But hey ... if you decide to cut the throats of all those women that drop babies for profit be my guest then we can get tax cuts.

the.ghost.of.22wmr's picture
the.ghost.of.22wmr (not verified) Nov 23, 2016 9:46 PM

Elysium (2013)

red1chief's picture

"Whose pockets? People's pockets!"

HRH of Aquitaine's picture
HRH of Aquitaine (not verified) red1chief Nov 23, 2016 10:02 PM

"My precious. You has my precious in your pockets!" said Gollum to Bilbo deep in the dark cave under Moria.

ThrowAwayYourTV's picture

If they're making $2.50 a day, it's because they want to make $2.50 a day.

yngso's picture

Too many people in all classes want no change, but enough do to actually be able to change things if given a chance.

thebigunit's picture

Ten thousand years ago, ALL of the world's population was dirt poor -- and there was no "Global Elite".

Half Of The Population Of The World Is Dirt Poor - And The Global Elite Want To Keep It That Way

Then, someone kept two goats instead of eating them, and make them into three goats and capitalism was born.

Today, half of the population of the world is NOT dirt poor BECAUSE OF CAPITALISM!

SixIsNinE's picture

i upvoted you Clark - but you went too deep and long for the pre T-day crowd -

keep it to your usual one liner out of the park long balls ....

 

 

GreatUncle's picture

Poverty is not having enough to live on ... being poor is a concept provided you have a home, food, etc. then you are not poor.

Now shut down the food supply and watch ... too many top predators to live.

10,000 years ago, no global elite, no institutionalised criminal stealing neither because before they would have had to pillage and that has risk ... they may be killed.

The half of the world not being poor no more, but you will not see this if you are in the poor half.

Upvoded though ... opens the mind.

yngso's picture

That's right, but capitalism has become so distorted that it's become a danger to itself.

die standing's picture

money is important and can be serious yes.. but it's also not the money so much

all the time serious.. means no more serious already

DirtySanchez's picture

If you see a rich guy and he's acting unusually obnoxious, kick him in the pussy. Otherwise, strive to be a well behaved rich guy.

Schmuck Raker's picture

That said, there's no denying the world's poor have zero exposure to paper assets that will eventually be valued at zero... so we got THAT going for us.

Schmuck Raker's picture

Economists' Solution: Raise the price of dirt

hedgiex's picture

BS. They want control of global extractions, production, distribution and consumption in their chosen nations. They want the technologies that can strengthen the matrix eg surveillance. They want a permanently indebted middle class that can be confined to their cages (nations) where inflation is not good for them as they erode the debts. A middlle class provides social security when they have the pulls of their cultures. They want limited wars of discipline that do not destroy resources and supply chains (hard and soft).They want to sell meritocracy/diversity as magnets to their more sinister technocracy. The base of their pyramids will be provided with subsitence wages through taxes from the middle class. They will trim/prune for the inevitable outliers.

The income gap (wipe outs of the middle class) the refugees, the wars that identify them, etc are pushed too far by the bureaucrats/cronies. They are supposed to be the enuchs/technocrats to renew themselves and not to perpetuate their vested interest. This tribe has failed them and if someone will rise to drain the swamp, he/she will be cheered.

Read the Trilateral Commission mantra and trace its tentacles. They are much smarter to have the existing ugly face of globalization as the mantra of their Matrix. 

Robinson's picture

The definition of sane capitalism:

1- Law of gain, profit.

2- Law of competition.

https://bienestarmutuo.org/en/the-fundamental-laws-of-economics/

MrNoItAll's picture

The only way for the average "advanced economy" individual to consume as much as he/she does is to prevent millions of others from consuming much of anything.  There aren't enough resources (energy, food, water, timber, etc.) to give every human on planet earth the lifestyle that advanced economy citizens enjoy.  Nothing to feel guilty about, just the way it is.

Ohne Deckung's picture

True history is to get at Wall-Streets year-end-reports and there go along the story line of newly oppened and closed accounts.

So, our fate, composed as a business model just has this way to go: To get an asset of the most competing predator on that scheme.

And you can do nothing about it.

Especially not by trying to challenge that mafia theater with serious and honest business ideas.

 

GreatUncle's picture

$2.5 dollars a day is a relative concept of wealth.

Poverty line in the US is far higher than that and why the popular unrest is growing.

First thing, no person unemployed in the US should get more than $2.5 dollars a day welfare ... how does that sound? Well why noy you speak bullshit one side but why is this not possible then. The left are just fucking slaves already to the welfare handout, get rid of it break the chains so they understand what has been going on. The left, the likes of the black panthers and BLM are so fucking dumb to this form of slavery ... mate you ain't gettng $100K a year and you are locked into the welfare system.

Got that out of the way .... :-)

Free trade enables the $2.5 a day labor income to be transferred into the US and west and you wonder why people complain. Lives in the west have been totally smashed through free trade and mass immigration in the west used as a weapon to economically attack populations.

Personal opinion now ... just kill all fucking elites, apply a bolsheveik / Romanov methodology to them and their families.

It is not about an outcome of choice, that is not possible now because they cannot and will not stop what they are doing ever.

Next year you will have all the fake economic figures again, all the lies and deceit by economists such as Krugman even if Trump is president. Economic truth hurts but that would be a start.

The above is why the globalist plan will see the world in flames.

GreatUncle's picture

This is for the dumb governments, if corporations operate you wonder why you do not get growth?

As corporations operate, they do trade at minimum wage level very often and through efficiency of consumption they cut everything to the bone and lock out competition maximising profit is to remove that profit from the system putting a very small % of that profit back into the system.

Can't even be assed to discuss minimum wage with left wing twats no more, you just raise the baseline and all costs go up with it a zero sum game allowing the corporations through free trade "can you see it" just do more of the same shit because it means you just extended their game at the same time.

Protectionism and fraudulent money creation are just symptoms of all this.

Batman11's picture

Adam Smith saw small state, raw capitalism first time round, what was it like?

“The Labour and time of the poor is in civilised countries sacrificed to the maintaining of the rich in ease and luxury. The Landlord is maintained in idleness and luxury by the labour of his tenants. The moneyed man is supported by his extractions from the industrious merchant and the needy who are obliged to support him in ease by a return for the use of his money. But every savage has the full fruits of his own labours; there are no landlords, no usurers and no tax gatherers.”

Adam Smith saw landlords, usurers (bankers) and Government taxes as equally parasitic, all raising the cost of doing business.

He sees the lazy people at the top living off "unearned" income from their land and capital.

He sees the trickle up of Capitalism:

1) Those with excess capital collect rent and interest.

2) Those with insufficient capital pay rent and interest.

He differentiates between “earned” and “unearned” income.

No early economist ever thought the poor would rise out of a bare subsistence living as that is the way it had been for 5,000 years of human civilisation, though those at the top always lived in luxury and leisure.

Every social system converts the hard work of the lower and middle classes to a life of luxury and leisure for the upper class.

The UK Aristocracy saw the transition from feudalism to capitalism and barely noticed the difference as their life of luxury and leisure continued as before.

Let’s keep assuming capitalism trickles down because we are idiots.

Capitalism has two sides:

The productive side where “earned” income is generated.

The parasitic side where “unearned” income is generated, the maintenance system for the leisure class.

Most of the UK now dreams of giving up work and living off the “unearned” income from a BTL portfolio, extracting the “earned” income of generation rent.

The UK dream is to be like the idle rich, rentier, living off “unearned” income and doing nothing productive.

It is time to remember the two sides of capitalism the productive side where “earned” income is generated and the parasitic side where “unearned” income is generated.

Keynes called for “euthanasia of the rentier”.

Death to capitalism’s parasites.

BTL landlords this does mean you.