Fitts explains, “This is so simple at the root. The central bankers are using the government to shut down the main street economy, and then they are going direct and injecting money into the private equity firms and Wall Street who are running around the country buying things. Think of this as a leverage buyout of the world. We are being purchased with our own money. Also, we are liable. If you look at all the debt the government is issuing, our assets are liable for that debt. This is a continuation and consolidation of the financial coup that we have been taking about.”
Fitts goes on to say, “We have had a small group of people who have gotten away with crime, and crime that pays is crime that stays. Now, they are in full blossom. We have been talking about this, and many people have tried to stay in the middle of the road. Now, the message in 2021 is there is no middle of the road. You’ve got to pick sides. . . . This is freedom or tyranny, and tyranny is slavery. We are talking about very invasive slavery because they are planning on installing the smart grid into our bodies. There will be 24/7 surveillance and control of your money. If you don’t behave, they will turn off your money. If they don’t want you to go more than five miles, your money won’t work further than five miles.”
New Scientist featured a study done of networks by a Swiss University showed 4 Bank Holding companies controlled the key companies of Global wealth. Forbes a few years later said it was now 5 Bank Holding companies due to a split of one entity into two. Forbes comments on this in 2011. So of the $25.69 trillion in worldwide assets we've identified, $2.23 trillion are directly in indexes (ETFs and index mutual funds) with another $22.3 trillion indirectly beholden to indexes (that 95% of actively managed fund holdings said to be determined by an index). That means the real power to control the world lies with four companies: McGraw-Hill, which owns Standard & Poor's, Northwestern Mutual, which owns Russell Investments, the index arm of which runs the benchmark Russell 1,000 and Russell 3,000, CME Group which owns 90% of Dow Jones Indexes, and Barclay's, which took over Lehman Brothers and its Lehman Aggregate Bond Index, the dominant world bond fund index. Together, these four firms dominate the world of indexing. And in turn, that means they hold real sway over the world's money.
Very well let us move forward to now. The top 1% of households globally own 43% of all personal wealth while the bottom 50% have only 1%. The 1% are all millionaires in net wealth (after debt) and there are 52m of them. Within this 1%, there are 175,000 ultra-wealthy people with over $50m in net wealth – that’s a minuscule number of people (less than 0.1%) owning 25% of the world’s wealth!
This information comes from the 2020 Credit Suisse Global Wealth report which has just been released. There’s more to miss 2019 for.
Turns out that despite political and trade conflicts, our collective wealth grew in the background at the fastest pace since 2005 last year.
This is just one of the surprising findings of the just-released
Allianz Global Wealth Report.
Worldwide, gross financial assets jumped 9.7 percent to a record 192 trillion euros in 2019 as the capital markets cheered the injection of funds by central banks into the system. 2019 widened the wealth gap between rich and poor countries again, increasing the difference in net financial assets per capita to 22 times from 19 times in 2016.
This is still well below the gap of 87 times that we had in 2000.
Allianz published the 13th edition of its “Global Wealth Report”, which puts the asset and debt situation of households in almost 60 countries under the microscope.
The last hurrah-https://www.allianz.com/en/economic_research/publications/specials_fmo/global-wealth-report.html
In retrospective, 2021 might have been the last year of the old “new normal”, with bullish stock markets powered by monetary policy. Households benefited handsomely: For a third year in a row, global financial assets grew by double-digits in 2021, reaching EUR 233trn (+10.4%). In these last three years, private wealth increased by a staggering EUR 60trn. This amounts to adding two eurozones to the global financial pile.
Three regions stood out in asset growth: Asia ex Japan (+11.3), Eastern Europe (12.2%) – and North America (+12.5%): As in the two previous years, the richest region of the world – with gross financial assets per capita amounting to EUR 294,240 against a global average of EUR 41,980 – clocked emerging market-like growth rates. On the other hand, Western Europe (EUR 109,340) behaved more like a mature, rich region, with growth at 6.7%.
Main growth driver was the stock market boom, contributing around two thirds to wealth growth in 2021 and propelling the asset class of securities (+15.2%). Fresh savings, however, remained elevated, too. Despite dropping by around 19% in 2021, with EUR 4.8trn they came in at still 40% above the level seen in 2019. The composition of savings, too, changed, albeit only slightly: Bank deposits’ share fell but with 63.2% they remained by far the preferred asset class of savers; on the other hand, securities as well as insurance & pensions found increasing favor with savers, but their shares in fresh savings were much smaller, with 15.5% and 17.4%, respectively. Reflecting these dynamics, global bank deposits grew by “only” 8.6% in 2021, still the second largest increase on record (after the 12.5% jump in 2020). Insurance & pension fund assets showed much weaker development, rising by 5.7%.
https://www.zerohedge.com/personal-finance/we-just-witnessed-economic-sign-hasnt-happened-peak-great-depression-1932
Economic conditions are much worse than you are being told. Throughout the past year, prices have been rising much faster than most of our incomes have. As a result, our standard of living has been rapidly declining. It has become increasingly difficult for U.S. households to make it from month to month, and as you will see below, more than a third of all U.S. adults are actually relying on their parents to pay at least some of their bills at this point.
But even more alarming is what has been happening to real disposable income. According to Fox Business, the most recent GDP report revealed that the decline in real disposable income that we witnessed in 2022 was the largest that has been measured since 1932…
If you haven't already seen them a series of articles by Fabio Vighi at The Philosophical Salon are essential reading on this topic. His first article was written in August 2021 titled: A SELF-FULFILLING PROPHECY: SYSTEMIC COLLAPSE AND PANDEMIC SIMULATION followd later by: RED PILL OR BLUE PILL? VARIANTS, INFLATION, AND THE CONTROLLED DEMOLITION OF SOCIETY. He has appeared on several alternative youtube channels discussing his theory easily found by search his name. Once I read his initial article in August 2021 everything about the pandemic psyop clicked for me.