Not only have the worlds richest been the biggest beneficiaries of the monetary and fiscal policies since 2009, with the current 2170 global billionaires representing a 60% increase since 2009 according to UBS, but their consolidated net worth has more than doubled from $3.1 trillion in 2009 to $6.5 trillion now. At the same time, the net worth of the bottom 90% of the worlds not so lucky population, has declined. Yet, somehow, the Fed is still revered. Naturally, as in global financial conspiracies, the question arises: is it possible that instead of representing the interests of the general population, what the central banks simply do is follow the instructions of a far smaller cabal, that of the worlds uber wealthy?
Posted on: Sun, 24 Nov 2013 03:10:13 +0000
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