Comedy | June 27, 2011 | 88 comments

Quelle Surprise! World’s Richest Profited From the Crisis! « naked capitalism

source: http://www.nakedcapitalism.com/2011/06/quelle-surprise-worlds-richest-profited-from-the-cris...

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figgdimension
Yves Smith-
Much ink has been spilled about the increase of wealth at the top. This graphic comes from the Guardian (hat tip Merrill K, click to enlarge):

From the related article:

In the world of the well-heeled, the rich are referred to as “high net worth individuals” (HNWIs) and defined as people who have more than $1m (£620,000) of free cash.

According to the annual world wealth report by Merrill Lynch and Capgemini, the wealth of HNWIs around the world reached $42.7tn (£26.5tn) in 2010, rising nearly 10% in a year and surpassing the peak of $40.7tn reached in 2007, even as austerity budgets were implemented by many governments in the developed world.

The report also measures a category of “ultra-high net worth individuals” – those with at least $30m rattling around, looking for a home. The number of individuals in this super-rich bracket climbed 10% to a total of 103,000, and the total value of their investments jumped by 11.5% to $15tn, demonstrating that even among the rich, the richest get richer quicker. Altogether they represent less than 1% of the world’s HNWIs – but they speak for 36% of HNWI’s total wealth.
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88 comments // Quelle Surprise! World’s Richest Profited From the Crisis! « naked capitalism

  • pault2
  • nardo1224
    • +1
      nardo1224  

    • We need to go back to old time American Values which states, if you want it, take it. That's how America came into being, want land, kill and torture the inhabitants and take it.. Need somebody to work the land and grow food, go to another country and take their people, bring them over here and put them to work for free. Need Oil, bomb Iraq! Need minerals, bomb Afghanistan. The rich know what to do and how to do it and we need to take a page from them. If you want your Country back. TAKE IT BACK.

    • 11 months ago
  • CalgarC
  • figgdimension
  • Toughth
    • +1
      Toughth  

    • The wealthy are trying to create a condition of fear in our nation. They have finaly gathered enough wealth to decide how our country is going to be ruled. The other side of the equation is the wealthy backing religion which allows them to have the right to say they are backed by god. The only thing that the wealthy want is the power to take what they want. I would like to know who they have decided who will be crowned king when it is all over. We would have the United Barronys of America. A feifdom in the making.

    • 11 months ago
  • Milieu
    • +3
      Milieu  

    • Since Ronald Raygun gutted the Government's powers, the Rich have run roughshod over the people.

      The only Entity that can obtain enough power to protect the people is Government. We need to do the things necessary to get Government back to where it was before Raygun and the Republic Syndicate gutted it.

      May I suggest:

      The Wrecking Crew: How Conservatives Rule

      What's the Matter with Kansas? How Conservatives Won the Heart of America

      One Market Under God: Extreme Capitalism, Market Populism, and the End of Economic Democracy

      all by Thomas Frank.

    • 11 months ago
  • kennymotown
  • figgdimension
  • KB723
  • kennymotown
  • figgdimension
  • Leen61
  • figgdimension
  • figgdimension
  • figgdimension
  • Leen61
  • figgdimension
  • Leen61
  • figgdimension
  • Leen61
  • figgdimension
  • theknopfknows
    • +1
      theknopfknows  
    • Image

    • SOUNDS WILD, Capitalist Communism, just add Eugenics by Carnegie Rockefeller Ford- 1927 & Virginia racial integrity act. Eugenics has always been the final goal, From Sir Galton of England to Bill Gates, population control will be made PUBLIC. SHEEPLE can be bred. America breeding ground for Sheeple.

    • 11 months ago
  • figgdimension
    • +1
      figgdimension  
    • theknopfknows:

      There’s a time when the operation of the machine becomes so odious—makes you so sick at heart—that you can’t take part. You can’t even passively take part. And you’ve got to put your bodies upon the gears and upon the wheels, upon the levers, upon all the apparatus, and you’ve got to make it stop. And you’ve got to indicate to the people who run it, to the people who own it, that unless you’re free, the machine will be prevented from working at all.

      -Mario Savio, Sproul Hall Steps, December 2, 1964

    • 11 months ago
  • figgdimension
  • theknopfknows
    • +1
      theknopfknows  
    • Image
    • figgdimension:

      Adolfs book mein kamp is my struggle.
      The Budda 1st noble truth "life is suffering".
      ALL OF IT BOILS down to personal decisions,
      and what are You willing to live with!
      BOB MARLEY said " If your not happy travel wide".
      Global visions; so if I were under 30years old I would go to Brazil,
      At my time, it was Hawaii.
      If your over 45 you have no choice but to stay and fight.
      No one will hire you unless you got lots of money.
      Lots of Money older Folks,
      go to Greece things will get very cheap!
      If your over sixty still want to work, teach work with children help the future.
      If your over 70 years old write a book keep your mind active,
      and your biology free of illness.
      Over 75 yrs-bonus time, enjoy while you can.
      over 80, lots to give and share.
      over 90, a busy man welcomes death.
      HOW IS THAT FOR A SNAP SHOT OF LIFE ON EARTH!
      When You Have Something To Give The World Will Make Room For YOU!

    • 11 months ago
  • figgdimension
  • theknopfknows
    • +1
      theknopfknows  
    • Image
    • figgdimension:

      30-45 great question,
      I have thought of the 15 years of learning from mistakes, correcting ideas, if married, divorce maybe, these are the self inflicted pain of self- sabotage,for procrastinating, knowing your wrong but do it any ways,
      OR;
      You have prepared yourself, preventative attitude and your success to not being a victim rides out the storms. You may live on a boat, grandpa`s cottage, inherited, or worked for place in the Sun, Mountains, just getting away until the poop flies by.
      Rebuilding can be fun, re-organize friends for a worthy cause.
      30-45 are self improvement or self damage years. This is the time you pay for your past deeds or non deeds, maybe it is, what you failed to do knowingly.
      NONE OF THE YEARS ARE REPLACEABLE,
      therefore love yourself others will see this and love you too.
      OR IS IT A FIGMENT OF MY IMAGINATION.

    • 11 months ago
  • Steamed_N_More
    • +1
      Steamed_N_More  

    • Funny thing, when capitalizing on crisis, to realize that creating crisis to increase wealth, speeds up accumulation of wealth. Almost the definition of the term 'Military Industrial Complex'.

    • 11 months ago
  • figgdimension
  • UtopianSky
  • figgdimension
  • figgdimension
  • figgdimension
    • 0
      figgdimension  
    • UtopianSky:

      yes i could have but i been working as you know shit aint free bitches so good luck with being a black sheeple and ill catch you later thanks for commenting and letting me know i really have no time for all that today (hat tip) thanks again for comments have a nice day

    • 11 months ago
  • figgdimension
  • figgdimension
  • figgdimension
  • pissedoffinarkansas
  • figgdimension
  • artemis6
  • figgdimension
  • figgdimension
    • 0
      figgdimension  
    • Image

    • Are You a sheeple? Take the quiz and see.. yup i have a frickin quiz too when im hot im hot :)

      Have you herd about the Sheeple Quiz? Although most NaturalNews readers will easily beat it, it’s a fun quiz to find out how smart (or gullible) your friends really are. So let ‘em take the Sheeple Quiz! And then you’ll know whether they’re independent thinkers or just zombie-minded sheeple like the rest of the flock.

      Here’s the quiz. Choose “A” or “B” as the answer for each question, then check your score below.

      The Sheeple Quiz

      #1) The purpose of the mainstream media is to:

      A) Keep you informed.
      B) Feed you misinformation while keeping you distracted from the real issues our world is facing.

      #2) Social Security is:

      A) A financial safety net that makes sure people have a retirement income.
      B) A government-run Ponzi scheme that requires more and more people to keep paying in just to stay afloat and will ultimately collapse into total bankruptcy.

      #3) The fluoride dripped into municipal water supplies is:

      A) A naturally-occurring mineral.
      B) An industrial chemical waste byproduct.

      #4) When you donate money to find the cure for cancer, that money goes:

      A) To fund research programs that assess actual cancer cures for the purpose of freely sharing them with the public.
      B) To fund mammogram campaigns that actually irradiate women’s breasts, causing the very cancers that earn huge profits for the cancer treatment industry.

      #5) The national debt is:

      A) Under control and will be paid off in a few years.
      B) Out of control and will spiral into a runaway debt collapse.

      #6) GMOs will:

      A) Feed the world and prevent starvation.
      B) Threaten the future of life on our planet through genetic contamination and widespread crop failures.

      #7) The FDA protects:

      A) The people from dangerous medicines.
      B) The financial interests of the drug companies.

      #8) The EPA’s real agenda is to:

      A) Protect the environment.
      B) Protect the financial interests of the chemical companies whose toxic products destroy the environment.

      #9) The Federal Reserve functions to:

      A) Stabilize the economy and keep America strong.
      B) Loot the economy and control America’s economy for the interests of the few.

      #10) The purpose of TSA checkpoints at airports is to:

      A) Keep air passengers safe and secure.
      B) Indoctrinate Americans into surrendering to police state invasions of their privacy.

      #11) The practical function of the U.S. Supreme Court is to:

      A) Protect the constitutional rights of the citizens.
      B) Legitimize federal tyranny over the People by ignoring the Constitution and its Bill of Rights.

      #12) Vaccines are based on:

      A) Gold standard science that conclusively proves their safety and effectiveness.
      B) Quackery and fraud combined with a persistent medical mythology that utterly lacks a factual basis.

      #13) Herbs and superfoods:

      A) Are medically useless and cannot treat, prevent or cure any disease.
      B) Contain powerful plant-based medicines that can help reverse and prevent disease.

      #14) In Libya, Afghanistan and Iraq, America:

      A) Led a humanitarian effort to save innocent people from tyranny.
      B) Waged an illegal imperialist war to occupy foreign nations and control their oil.

      #15) The U.S. Bill of Rights:

      A) Grants you rights and freedoms.
      B) Merely acknowledges the rights and freedoms you already possess.

      Score your Sheeple Quiz

      To score your Sheeple Quiz, simply count the number of times you answered “A” to the questions above.

      If you answered “A” 10 times or more…

      You are a total news-watching, gullible fairytale swallowing Sheeple! Be sure to keep taking those medications and watching more network news. Don’t bother thinking for yourself because you seem to be incapable of accomplishing that.

      If you answered “A” fewer than 10 times…

      You are sadly Sheeple-minded but there is hope for your rescue. Learn more about the world around you and train yourself to think critically so you can depart from the herd mentality.

      If you answered “A” fewer than 5 times…

      You are an unusually intelligent free-minded thinker who questions the world around you and doesn’t buy into the usual propaganda. You still got suckered on a few items, so there’s more yet to learn. But you’re on the right track!

      If you answered “A” exactly zero times…

      You are the complete opposite of a Sheeple. You’re independent minded, well informed and probably a regular reader of NaturalNews.com. Stay on track and question events in the world around you. Eat more superfoods to maintain your healthy immune system and cognitive function. Avoid the toxic chemicals in foods, medicines and lawn care products. Keep reading the alternative press and voice your intelligent views to others willing to listen. (But don’t waste your time on those who aren’t.)

      Thank you for taking the Sheeple quiz !

    • 11 months ago
  • UtopianSky
    • +6
      UtopianSky  
    • figgdimension:

      For some of these, the correct answer is neither A or B, it's C.

      #1) The purpose of the mainstream media is to:
      C) Not information or distraction, not positive or conspiratorial. It is to provide cheap titillation of sex and violence with a touch of fear so they get ratings, advertisers, and money.

      #4) When you donate money to find the cure for cancer, that money goes:
      C) There is no one organization called "cure for cancer", and there are many other forms of cancer other than breast cancer. Where the money goes depends on what organization you give it to.

      #6) GMOs will:
      C) There is no one thing called "GMO". Genetic Engineering is a process, a scientific discipline, and can be used for countless purposes. It can be used to feed the world and prevent starvation, and it can be used for corporate greed. What is important is to not toss the baby out with the bathwater, and be a sheeple who blindly believes that science is bad.

      .... I'm not going to even touch the other ones-

      The amazing thing is, you are claiming one group who answers "A" are sheeple, and the group who answers "B" are not, when BOTH are sheeple answers.

      BOTH sets of answers are people who do not think for themselves, and either blindly trust authority, or blindly distrust authority.

      Either way, it's blind.

      In reality, government agencies are not part of an evil organized plan of world domination, because government agencies are not capable of that level of organization and planning.

      They are just people- some are actually good at their jobs and help us, some have good intentions but are incompetent, and others are corrupt and easily bribed or influenced.

      None of that is even close to organized.

    • 11 months ago
  • ReMarker
  • figgdimension
  • figgdimension
  • figgdimension
  • figgdimension
  • UtopianSky
  • UtopianSky
  • figgdimension
    • +1
      figgdimension  
    • UtopianSky:

      I don't change others writing to suit my needs that doesn't mean Im a sheeple although I think we all are sheeple at times myself included as you so deftly pointed out so have a nice day sky no hard feeling it was all in jest

    • 11 months ago
  • wolfess
    • +1
      wolfess  
    • figgdimension:

      2. should be 'a' but is actually b.
      3. b -- except in new mexico
      6. what WILL?? ... IS! b
      9. b -- since greenspan fucked it all up (just read Griftopia)
      10. b -- designed to make them mad as hell ... I know I just went thru that ystrdy!
      11. b -- thnx to thomas and scalia
      12. b damn it -- wish it was 'a'
      13. b -- see, see Gaia got it right!
      14. b -- just ask Blackwater
      15. b -- b/c no damned piece of paper has the power to give what I was BORN with!

    • 11 months ago
  • figgdimension
  • Milieu
  • pissedoffinarkansas
  • pissedoffinarkansas
  • UtopianSky
  • figgdimension
  • figgdimension
  • figgdimension
  • GoodGodGuy
    • +1
      GoodGodGuy  

    • The frustration is making sheeple of all of us middle class. Now they want to denude the unions as well. We are begrudged even a middle class living. I don't even want to see what the poor are getting.

    • 11 months ago
  • figgdimension
  • figgdimension
  • Wyley_Wombat
  • figgdimension
  • Wyley_Wombat
  • chipokae
  • figgdimension
  • figgdimension
  • figgdimension
  • figgdimension
  • figgdimension
  • chief_longhair
    • +1
      chief_longhair  

    • the repubs have been screaming about wealth redistribution since Obama met Joe the plumber,,, this has been going on since Reagen only in reverse.........

    • 11 months ago
  • COMMONSENSEFORCOMMONGOOD_COM
    • +2
      COMMONSENSEFORCOMMONGOOD_COM  

    • Our corrupt congress has institutionalized the distilling of the nation's wealth; aka the people's wealth, into the hands of the select few HNWIs. Every congressman who voted to achieve this result should be prosecuted for treason and breach of contract with the American people, and ( AT LEAST ) 95% of that stolen wealth should be assessed with a reclamation tax.

    • 11 months ago
  • figgdimension
  • figgdimension
  • kvb1
    • +2
      kvb1  

    • While the middle class and the poor keep getting worse off, while countries are finding their revenues decreasing throwing budgets into the negative, the rich continue to gain more liquid assets. They are sucking the life out of the world. THEY are the parasites that need to be eradicated.

    • 11 months ago
  • figgdimension
  • figgdimension
  • wolfess
  • nobsartist
    • +2
      nobsartist  

    • If our legislators were not so gutless, they would pass a %50 tax on liquid asets for ANYONE with assets over ONE MILLION DOLLARS. This should be a campaign promise and unless this statement is made by those running, they get NO votes.

    • 11 months ago
  • figgdimension
  • Mark701
    • +2
      Mark701  
    • nobsartist:

      I think it would be more accurate to say "IF" we had legislators, period. The entire GOP not only works for corporate "America" they ARE corporate America. The democratic party isn't far behind.

    • 11 months ago
  • COMMONSENSEFORCOMMONGOOD_COM
  • figgdimension
  • figgdimension
  • artemis6
  • figgdimension
  • figgdimension
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