…Will be a survival requirement for the coming decade.
By Adam Taggart of Peak Prosperity.
The past decade was undoubtedly shaped by the policy adopted by the global central banking cartel to flood the world with massive amounts of liquidity (over $15 trillion) to “rescue” markets following the Great Financial Crisis.
It’s becoming increasingly clear who benefitted most from this: the ultra-rich
As $trillions flowed into financial assets pushing them higher every year throughout the twenty-teens, those who owned those assets — disproportionately the very rich — saw their wealth soar.
We’re now at the point where the richest 1% owns nearly half of the world’s assets, while the bottom 60% have (often much) less than $10,000 to their name:
How has the distribution of wealth become this distorted?
The harsh simple truth is that those who run the system manipulate it to their benefit.
This is true in both government and industry. Those in power do ‘whatever it takes’ to remain in power and enjoy the fruits of their advantage. Any sort of social ‘duty’ is secondary (at best), and will be sacrificed if necessary.
Perhaps one of the best analyses and explanations of this is put forth by the book The Dictator’s Handbook, by Bruce Bueno de Mesquita and Alastair Smith. For politicians and CEOs alike, maintaining control of the “keys to power” — those who support and enable your rule — is essential.
This is why we’ve ended up with the bastardized crony form of capitalism now in place. Those running the system work hard to reward/punish anyone who aids/threatens their power base.
Like it or not, this is the world in which we live. And it’s critical to understand its nature if we want to avoid becoming unwitting serfs to it…