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Author Topic: BILLIONAIRES' COMBINED WEALTH HAS REACHED A RECORD $10.2 TRILLION,THANKS TO CV19  (Read 269 times)

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Offline RomanCatholic1953

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BILLIONAIRES' COMBINED WEALTH HAS REACHED A RECORD $10.2 TRILLION,THANKS TO CV19
« on: October 14, 2020, 09:39:27 AM »
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    • BILLIONAIRES' COMBINED WEALTH HAS REACHED A RECORD $10.2 TRILLION, THANKS TO COVID-19
    Published: October 12, 2020
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    SOURCE: TECH SPOT


    COVID-19 HAS DECIMATED MANY ECONOMIES AND SEVERAL INDUSTRIES, COSTING MILLIONS OF PEOPLE THEIR JOBS. FOR THE WORLD’S BILLIONAIRES, HOWEVER, THE PANDEMIC HAS HELPED THEIR FORTUNES GROW, UP BY MORE THAN A QUARTER TO A RECORD HIGH OF OVER $10 TRILLION.
    A study by Swiss bank UBS and accounting firm PwC found that at the start of April, global billionaire wealth stood at $8 trillion. By July, following the height of the coronavirus pandemic, it had reached $10.2 trillion. The previous peak was $8.9 trillion recorded at the end of 2017.
    A lot of that increase came from billionaires betting on the recovery of global stock markets when they slumped during the lockdowns (between March and April). With many governments launching stimulus packages, the markets have rebounded, leaving the rich ever richer.
    osef Stadler, the head of UBS’ global family office department, said (via The Guardian) that billionaires had "the stomach" to buy more company shares when equity markets around the world crashed. Tech company shares have risen sharply, thanks to increased demand for delivery services, work-from-home products, and video-calling software.
    Back in July, Amazon overlord Jeff Bezos saw the largest single-day increase to his net wealth since the Bloomberg Billionaire Index was created eight years ago. As Amazon shares jumped 7.9 percent, Bezos’ worth surged by $13 billion to $189.3 billion.
    Bezos has seen his fortune increase by $74 billion this year, but that still isn’t as much as Elon Musk. The Tesla boss is $76 billion richer since the start of 2020 and is now worth $103 billion.
    READ MORE...
    https://www.techspot.com/news/87015-pandemic-has-seen-billionaires-wealth-reach-record-102.html

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    Online Ladislaus

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    Re: BILLIONAIRES' COMBINED WEALTH HAS REACHED A RECORD $10.2 TRILLION,THANKS TO CV19
    « Reply #1 on: October 14, 2020, 11:22:23 AM »
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    • Quote from: RomanCatholic1953 on October 14, 2020, 09:39:27 AM

    osef Stadler, the head of UBS’ global family office department, said (via The Guardian) that billionaires had "the stomach" to buy more company shares when equity markets around the world crashed. 

    There was no "stomach" required.  They knew what was going to happen since they're insiders.
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    Offline Last Tradhican

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    Re: BILLIONAIRES' COMBINED WEALTH HAS REACHED A RECORD $10.2 TRILLION,THANKS TO CV19
    « Reply #2 on: October 14, 2020, 12:19:48 PM »
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    • Quote from: Ladislaus on October 14, 2020, 11:22:23 AM
    There was no "stomach" required.  They knew what was going to happen since they're insiders.
    Exactly, that is how they make their money. I'll go one step further and tell you that I think that someone like the "founder" of Amazon Jeff Bezos, GeorgeZoros, Warren Buffet, Bill Gates etc, were all picked as heads, figures by powers above them. They cooperated and have been rewarded with fame and fortune.The second they go against the powers, they are sacked, like Epstein, Bill Cosby, Kennedy's, Nixon.......

    Look at Obama, how did he make millions while just earning $400,000 a year as president? Same for Peℓσѕι and the Clintons? Answer - stock market investments. Impossible to call insider trading because anyone could have done the same thing by luck. Though few ever do.
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    Offline Matto

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    Re: BILLIONAIRES' COMBINED WEALTH HAS REACHED A RECORD $10.2 TRILLION,THANKS TO CV19
    « Reply #3 on: October 14, 2020, 12:39:44 PM »
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    • I don't trust these type of lists as I am a conspiracy theorist who believes the real elite families have trillions of dollars and are powerful enough that they remain invisible and their names are not put on such lists as they purchase secrecy.
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    Online Ladislaus

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    Re: BILLIONAIRES' COMBINED WEALTH HAS REACHED A RECORD $10.2 TRILLION,THANKS TO CV19
    « Reply #4 on: October 14, 2020, 02:11:36 PM »
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    • Quote from: Matto on October 14, 2020, 12:39:44 PM
    I don't trust these type of lists as I am a conspiracy theorist who believes the real elite families have trillions of dollars and are powerful enough that they remain invisible and their names are not put on such lists as they purchase secrecy.

    Of course those types (the Rothschild trillionaires) never make these lists.
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    Online Ladislaus

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    Re: BILLIONAIRES' COMBINED WEALTH HAS REACHED A RECORD $10.2 TRILLION,THANKS TO CV19
    « Reply #5 on: October 14, 2020, 02:13:15 PM »
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    • Quote from: Last Tradhican on October 14, 2020, 12:19:48 PM
    Exactly, that is how they make their money. I'll go one step further and tell you that I think that someone like the "founder" of Amazon Jeff Bezos, GeorgeZoros, Warren Buffet, Bill Gates etc, were all picked as heads, figures by powers above them. 

    I absolutely agree.  It's no accident that almost simultaneously the media around the world are plugging Facebook or Twitter or Google.  There were better alternatives to Facebook out there, better search engines than Google, and 15 different equivalents of Twitter.  But the government took control of them and appointed these figureheads:  "We'll make you rich if you play ball with us."
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