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1.1.8 ULTRA HIGH NET WORTH

on Mon, 06/10/2013 - 14:11

WHEN one class of people loses its wealth, another group deposits the wealth in its portfolio. When whole communities are affected by foreclosures, the wealth shifts upward where shrewd investors stand to gain. The rich continue to get richer as the numbers indicate. The number of individuals with at least $1 million in investable assets rose 8.3 percent to 10.9 million investors after markets rebounded following the 2008 financial crisis. The wealth of global millionaires increased to $42.7 trillion in 2010, up from $40.7 trillion in 2007. Most telling are the global ranks of “ultra-high-net-worth individuals” (defined as those with $30 million of investable assets instead of only $1 million for regular millionaires), which increased at a faster pace than the millionaires, rising 10%. The richest 1% of Americans possesses more wealth than the accumulated wealth of the lower 90% combined. It doesn’t get much better globally, where the richest 2% of adults currently own more than half the world’s wealth. In these intentionally orchestrated times of recession and depression, the 1% are thriving with record profits. The extreme concentration of wealth within a tiny percent of individuals is usually the tipping point before economic collapse, unless you’re the one gaming the system. Before the crash in 1929 that led to the Great Depression, elite bankers pulled their money out of the stock market. After the crash, they used that money to buy up cheap stocks and smaller failing banks for pennies on the dollar.

The next stage after accumulating money is to seize power. The people who have established the Federal Reserve are beginning to create exclusive societies for themselves simply to retain and create yet more control. In 2006, while still in office, President George W. Bush had purchased a 98,842-acre farm in northern Paraguay, protected by a semi-secret U.S. military base. The Mariscal Estigarribia sprawling air base complex and the Bush ranch in Paraguay are both located atop one of the world’s largest freshwater aquifers. Does Bush foresee a collapse of the U.S. economy or world economy, or a time when he might need to flee an arrest warrant, and feels his family could use an escape plan? Or are they better off staying here, scamming the system for as long as possible, and if they get in trouble, persuade the right people for a bail out? The system is no longer beholden to the people. If it were, there would be no such thing as “too big to fail.” The majority of Americans were against bailing out the banks in 2008. According to Vermont Senator Bernie Sanders, “The top six financial institutions in this country own assets equal to more than 60 percent of our gross domestic product and possess enormous economic and political power.” Sanders bravely asks a question few of his colleagues will support: “One of the great questions of our time is whether the American people, through Congress, will control the greed, recklessness and illegal behavior on Wall Street, or whether Wall Street will continue to wreak havoc on our economy and the lives of working families.”

The highly concentrated influence of the Rockefeller cabal remains a huge threat to American interests, as JFK warned in his “Secrecy is Repugnant” speech. Secret power brokers such as the Council on Foreign Relations, the Trilateral Commission, and the Bilderbergers are examples. Some if not all of the highest-ranking politicians must go through these organizations first before they become government candidates. In this arrangement, politicians who must rely on large sums of money to further fuel their campaigns are then heavily influenced. At the international level, central bankers use the World Bank and the International Monetary Fund to make more money while exploiting the resources of the countries they lend to, sometimes bankrupting them in the process. The bankers covertly encourage war because the government would need to borrow money from them and then pay it back with interest. It is a vicious cycle and with the ultra-rich ultimately calling the shots, they are always on top.

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