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Cui bono? Wealth of the nation's 657 billionaires has increased by $1.3T during the scamdemic


               
2021 Mar 27, 12:17pm   895 views  27 comments

by Patrick   follow (59)  

https://www.fastcompany.com/90617832/after-a-year-of-lockdowns-billionaires-have-gotten-1-3-trillion-richer

It’s officially been a year since many of the country’s COVID-19 lockdowns began, and for many Americans it’s been a year of struggling to work from home while caring for kids, or a year of being unemployed and anxiously awaiting more federal aid. For American billionaires, though, it’s been a year of record profits: In the past year, the combined wealth of the nation’s 657 billionaires has increased more than $1.3 trillion, or 44.6%. ...

“They exploit the artificial markets created by the pandemic, including having their Main Street competition shuttered and our increased dependence on online technologies.”


It's all going splendidly according to plan!

And this doesn't even count the 50 new vaccine billionaires:

https://www.forbes.com/sites/giacomotognini/2020/12/23/meet-the-50-doctors-scientists-and-healthcare-entrepreneurs-who-became-pandemic-billionaires-in-2020/

The ability to make billions off of an unnecessary vaccine with zero liability for manufacturers is why hydroxychloroquine (HCQ) and other very cheap treatments like ivermectin are disparaged in the press. They are simply too cheap and effective.

https://c19study.com/

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24   Robert Sproul   @   2025 Feb 15, 7:35am  

Patrick says

I don't think there are any trillionaires. Who would they be?

I always wonder why no one in the Rothschild family, or any other old Bank of England/English Jewry families, are EVER mentioned in the Forbes 400 or other lists of the worlds richest.
The Names That Must Not Be Spoken
25   AD   @   2025 Feb 15, 8:04am  

WookieMan says

At some point the faucet is tapped out. They'll go to being a 3rd world country in a desert. Might take 200 years, but it will happen.


Good point as when they run out of oil and gas then they're back to 3rd world status.

And that is why the Crown Prince of Saudi Arabia has promoted investing the profits from the energy sector into diversifying the economy including education, research & development, tourism and renewable energy.

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26   WookieMan   @   2025 Feb 15, 11:59am  

AD says

And that is why the Crown Prince of Saudi Arabia has promoted investing the profits from the energy sector into diversifying the economy including education, research & development, tourism and renewable energy.

Eh, he invests in expensive cars. The collapse will happen after we are dead. I've also never heard a single person with a female spouse say "lets go to Saudi Arabia."

Energy. Drop 100 square miles of solar panels and you have all the electric you need. Nope, they just build a weird 200km or whatever it is, city. Saudis have this problem as well, fresh water. They're surrounded by salt water. They can't grow or have tourism without it. Food is shipped in and not fresh. It would be an awful place to visit. And your spouse or female kids have to wear bullshit religious crap. No one is going there for tourism.

Real education and R&D would result in a revolt. So not happening either even if they say it. It's a 3rd world country with resources the 1st world needs. 1% benefit and the rest are along for the ride.
27   AD   @   2025 Feb 16, 12:46pm  

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We should see a decrease in concentration of wealth for the top 5% if the stock market crashes this year.

https://www.dailymail.co.uk/yourmoney/consumer/article-14399173/record-levels-fragility-biggest-companies-shares-crash-stock-market.html

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