Oligarchs Rule!

More good news for the nation (sarcasm)…….

We hear a lot about oligarchy these days…..the oligarchs ruling Russia….even they control everything here in the good old US of A.

There is some disturbing news out there…..things are NOT getting any better for us mere mortals…..the oligarchs will control 70% of the wealth very very soon…..

America’s rich just won’t quit getting richer, according to a new study released in mid-June by the Boston Consulting Group (BCG), a global management consulting firm. The study, which seeks to analyze the global wealth management industry, as well as the evolution of private wealth, uncovered some startling statistics that suggest that global financial inequality will grow significantly by the year 2021.

The firm found that the already massive gap between the world’s wealthy elite – the approximately 18 million households that hold at least more than $1 million in assets – and everyone else is continuing to widen at a remarkable rate. The estimated 70 million people who make up these households were found to control 45 percent of the world’s $166.5 trillion in wealth. And in just four more years, it is estimated that they will control more than half of the world’s wealth, despite representing less than 1 percent of the world’s current population.

Source: America’s Oligarchs Will Control 70% Of National Wealth By 2021

So if you buy into the slogan America First then you are being duped…..it should be….Greed First, People Last.

And it is only getting worse with each election…..soon we will be a country of slaves and masters…..thank GOD I am old!

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12 thoughts on “Oligarchs Rule!

  1. I’ve read something else along these lines recently, and multiple pieces about how standards of living among the poor (worldwide and US) have improved year over year for decades.

    I believe both to be true. But I speculate that the rich have accumulated wealth in areas that will be largely worthless if/when the economy takes a major dump.

    Will that happen in our lifetime? Maybe. Maybe not. But I don’t feel like getting in line like a good prole anymore, supporting all the things that fund oligarchy. Telling my kids they don’t *have to* buy a house, go to college, strive to accumulate things they then spend a small fortune to maintain.

    Thank goodness their generation is already less likely to buy into schemes that send their money up the economic food chain.

    1. I have seen the 3rd World improvements but it is stats and they can be manipulated….if a guy in Uganda made $3 a day and now makes $3.25 then he has an improvement…but how much has the cost of living risen in that time….

      Thanx for the comment and please have a good day….chuq

      1. He makes $3.25 AND now has clean water and a cell phone he uses to connect to the internet and run his black market side hustle. Or something like that. Poor folks in the US are learning that they can do the same.

        Evidence supporting this notion involves a lot of self-reporting and anecdotes. But what I see in my day-to-day does suggest the underground economy is growing. Hard data? Nah. But not lies, damned lies or statistics, either 😉

      2. I think the clean water thing is a good PR job…when I was in Africa I did not see that there was much progress…I guess it would depend on the region….

        I agree about the underground economy though…it is the perfect example of “supply and demand”…..chuq

  2. I for one am glad the Oligarchs rule because I can only imagine the mess things would be in if it were all turned over to the hands of the ordinary everyday “Have nothing, know nothing, do nothing” common rabble. If you think it is chaotic now think of what it would be like then.

      1. and until there is a general uprising and half the population has been gunned down by the Oligarchs, that’s the way it shall remain.

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