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Since 2020, the 5 richest men have doubled fortunes, 5 Billion people got poorer

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whowasthatmaskedman · 70-79, M
And this is how "trickle down" economics works..😷
Ynotisay · M
@whowasthatmaskedman You're so right. It changed the game. And with the added help of the Christian Coalition and faux-patriotism, people sealed their fate.
whowasthatmaskedman · 70-79, M
@Ynotisay And now the game is afoot with the $US..The smart people caught on before the first Global financial crisis and the printing presses have been running hot ever since, printng Monopoly money and passing it off as real. The clever people used it to buy land, gold or resources and stores of wealth. But the wheels are about to fall off now..😷
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zonavar68 · 56-60, M
@whowasthatmaskedman It's only 'trickle down' so far as the global elite want it to look that way. In reality (shown completely raw by the Covid plandemic) it's trickle-up so the global elite get richer and everyone else gets progressively poorer. Not necessarily in financial terms but overall. Covid showed the hand the elite is playing is creating a really rich upper class, and no middle class just a very poor (comparitively) lower class.
whowasthatmaskedman · 70-79, M
@zonavar68 I agree with you regarding the outcomes. We disagree only about the amount of organisational planning. I see this as an expression of Darwinism, where enough of those to conform to the Rich model succeed and enough tof those who conform to the non rich model fail to tip the population balance over time. But there will come a second tipping point where there wont be enough Consumers left to support the consumer model..😷
zonavar68 · 56-60, M
@whowasthatmaskedman At some point the 'tapping' of wealth to the elite will slow down to the point that the model will fall over, but this might be why the elite is ultra-keen to see CBDC's implemented since then 'trickle up' economics in the form of fees/charges gets cemented into financial systems instead of being an adjunct that it is now.
whowasthatmaskedman · 70-79, M
@zonavar68 Exactly. Once the squeeze really hits the first part of the bottom line to get pressure from the market is the commissions and charges. I once went as a speaker to a local Kiwanis group on the principles of financial advice for retirement. A commone practice at the time was thr Trailing Commision , which flowed to the sales rep for the life of the policy, even if it went another thirty years. After I spoke, two of the older guys wanted to lyncj me. It turns out they had sold the members all retirement fund plans tracking the index, and cutting fees off the top. A common con I described in detail. Those commissions are less common now. And we have a thing called the Industry Super Fund which has no sale reps and therefore much lower fees..😷