After the revelations that Greenland is now completely clear of ice and it happened in just 4 days I was reminded of several disaster movies.
Then today…. Twister in NY
A storm cloud begins to dump rain as it passes over the Brooklyn borough of New York on Thursday
Here is a great article (in depth) and although written about the US you can imagine the similar figures for Europe and UK.
“While 68.3 million Americans struggle to get enough food to eat and wages are declining for 90% of the population, US millionaire household wealth has reached an unprecedented level. According to an extensive study by auditing and financial advisory firm Deloitte, US millionaire households now have $38.6 trillion in wealth. On top of the $38.6 trillio
n that this study reveals, they have an estimated $6.3 trillion hidden in offshore accounts.
In total, US millionaire households have at least $45.9 trillion in wealth, the majority of this wealth is held within the upper one-tenth of one percent of the population.
If all this isn’t obscene enough, to further demonstrate how the global economy has now been completely rigged, Deloitte’s analysis predicated, based on current trends, that US millionaire households will see a 225% increase in wealth to $87.1 trillion by 2020. Accounting for wealth hidden in offshore accounts, they are projected to have over $100 trillion in total within the next decade.
Most people cannot even comprehend how much $1 trillion is, let alone $46 trillion. One trillion is equal to 1000 billion, or $1,000,000,000,000. To put it in perspective, last year the entire cost of feeding all 40 million Americans on food stamps was $65 billion.”
Am I reading this correctly, the legal and economic trickery that is being used to prop up the bankrupt nations can’t continue for ever?
Eventually the IMF etc will want their cash or their pound of flesh.