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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Batman11's picture

Why is economics so bad?

Malthus came up with an economics that worked for the vested interests of the land owning class.

Ricardo came up with an economics that worked for the vested interests of the financial class.

Marx came up with an economics that worked for the ideology he was trying to put forward.

It’s complex, quite fuzzy and can be easily biased to suit vested interests.

Early on it became very apparent to the wealthy and powerful that economics needed to be biased in the right direction for their interests.

As Classical Economics reached its zenith in the 19th Century it had come to some unfortunate conclusions powerful, vested interests didn’t like so they backed a new, neoclassical economics that missed out the undesirable conclusions from Classical Economics like the differentiation of “earned” and “unearned” income. It also conflated “land” and “capital” which had previously been distinct.

This grew into the core of neoclassical economics which is basically a way of hiding earlier discoveries and looking after certain vested interests.

It’s arguments look strange and convoluted because they are, they are there to hide something.

Now if we want small Government and for business leaders to be left to their own devices, what other conclusions do we need?

Capitalism naturally reaches stable equilibriums.

There is no evidence for this and the first recorded bubble was the Tulip Mania of 1600s Holland, there have been plenty of other since.

We want the conclusion capitalism reaches stable equilibriums as it serves our purpose and the real world must be ignored.

Neoclassical economics is an economics whose conclusions were put forward by vested interests and then stitched together into an academic framework.

It serves a purpose and it is not to describe how the economy functions.

The effort to conceal the work of “Henry George” can be found in a book “The Corruption of Economics”, neoclassical economists did their job and hardly anyone knows his name today.

yngso's picture

That's right, the status quo of five millenia has created "eternal" instability.

evildimensions's picture

The fact is there are parts of the world that cannot support an additional population footprint. Sub-saharan Africa being just one example. Every child born into squalor and poverty is a force multiplier for civil unrest and ultimately war. It's time to shelve religion and take a rational look at population control. The world is finite. It can't support 7 billion or 6 billion or 5 or 4 or even 3. The number that it can sustainably support is about 1 to 1.5 billion. Sorry. You don't have to argue about it. Nature will decide. And there's no arguing with her verdict.

Wahooo's picture

In case you're wondering, there are three countries without central banks:

 

Cuba

Iran

North Korea

Pick your poison, because we will not tame the central banks.

Oleg the Man's picture
Oleg the Man (not verified) Nov 24, 2016 8:39 AM

Fuck global elite!! We need politicans like this guy!
Milo Yiannopoulos with balls 

 

headfake's picture

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.

Ive been saying this for years. That the system is designed to take from the many and give to the few. Anyone who cant see it is blind.

 

yngso's picture

The central banks only own paper some paper assets, and it's become crystal clear that they're not in control. The elites would have a stable system and get even more income than they do now if there weren't war and poverty. It's not about who have wealth and control, but about how they exercise it.

So the elites aren't just lazy and selfish, but stupid too.

conraddobler's picture

Yep it's not a "flaw" it's a core design feature.

However if you ever played that cool game where you try and take over feudal Japan you know that if you tax your peasants too hard they will revolt killing you.

 

Banjo's picture

Hahaha "true capatilism" how come no body defends "true communism"?  I love the dissonance you are so deep in the matrix =)

Crush the cube's picture

Get it right, it's not Global Elite, it's Isra Elite.

They did write about themselves as the creator owning the chattel on a thousand hills.