wealth transfer nearly complete

Non economists and mal-educated economists don’t know it, but The Crash of 2008 was worse than the crash of 1929. The Fed was only 13 years old for the first one. Its owners decided to get rich buying assets of those who went broke due to Feral Reserve and FDR’s policies.

Read FDR’s Folly, America’s Great Depression, or The Bubble That Broke The World to understand what really happened then, why and how.

Notice that the Feral Reserve has printed money out of thin air since it took over ownership of the USofA dollar in 1913.

Every dollar they print begins its path into the economy by the owners of the Feral Reserve SPENDING IT. In other words, they print money, buy real assets with the paper they created.

They were limited until 1965 because every paper dollar could be exchanged one-to-one for a silver dollar, or gold equivalent. That is to say that up until 1965, the people would not put up with a completely fiat currency.

Interestingly, the topic of Education became a federal cabinet-level concern in 1953 – 12 years, or one scholastic generation before the Fed stole our ability to convert their paper into silver.

Slowly at first, like boiling a frog, they enriched themselves and friends with large cash bonuses. By the time a second generation made it through their 12-year federally influenced scholastic cycle, the Fed’s money laundering operation was really putting out for its owners.

Meanwhile, those of us who had to earn dollars the old fashioned way found each and every dollar we earned or saved was worth less and less.

In The Crash of 2008 was the mass exit of middle-class money from stocks, bonds and real estate. That was the perfect opportunity for those printing the money to snap those assets up. They created HUGE BONUSES out of thin air, called it “Quantitative Easing”. Which was just nonsensical enough they could get away with it. “Oh well, they are the experts. They know what they are doing. I still have my job.”

We swallowed that one so easily they followed up with QEII and QEIII, on top of their normal laundering operations.

Now who has money to buy businesses and luxuries? Who gets to buy houses and investment properties. Who has money to throw into grossly overvalued stocks?

The owners of the printing presses … and their close friends.

Richest 1% have more money than poorest half of world’s population

The bottom half of adults in the world collectively own less than the richest one percent, according to a Credit Suisse report. The gap between the super-rich and the poor has significantly grown since the global crisis.

The wealthiest one percent owned 42.5 percent of global wealth in 2008, the bank reports.

“The downward trend reversed after 2008 and the share of the top one percent has been on an upward path ever since, passing the 2000 level in 2013 and achieving new peaks every year thereafter. According to our latest estimates, the top one percent own 50.1 percent of all household wealth in the world,” the report said.

Bill Gates, Jeff Bezos, and Warren Buffett – have a total wealth that exceeds the savings of America’s poorest 160 million

“Global wealth inequality has certainly been high and rising in the post-crisis period,” according to the bank.

While the bottom half of adults collectively own less than one percent of total wealth, the richest ten percent owns 88 percent of global assets.

Last year saw 2.3 million people becoming new dollar millionaires. The total number of millionaires has increased to 36 million. “The number of millionaires, which fell in 2008, recovered fast after the financial crisis, and is now nearly three times the 2000 figure,” Credit Suisse said.

The poorest 3.5 billion people, who account for 70 percent of the working age population, each earn less than $10,000 and account for just 2.7 percent of global wealth.

An important aspect of this is WHO OWNS THE STOCKS?

The upper 90%, and more-so the upper 1% own most of the stock market. They, along with the pension funds and insurance companies will lose when the bubble pops. With analysts estimating stocks to be over-valued by 4 times up to 20 times or more, IT WILL POP.

Nobody in the cheap seats should cry over their losses, but our economy will crash along with theirs because of a crushing blow to consumer confidence.