On January 20, 2017, Isaac Davis writes in Activist Post:
A recent report by Oxfam International highlights the dramatic rise in income equality by noting that the combined wealth of the world’s top 8 individual billionaires is more than the lower half of the world’s population, some 3.6 billion people. The intention of the report was to bring awareness to the unfairness and injustice inherent in our global economic system.
“It calls for a fundamental change in the way we manage our economies so that they work for all people, and not just a fortunate few.” [Oxfam]
Listed below are the 8 billionaires along with their estimated wealth, which combined equals $426.2 billion.
Bill Gates – $75 b
Amancio Ortega – $67 b
Warren Buffett – $60.8 b
Carlos Slim Helu – $50 b
Jeff Bezos – $45.2 b
Mark Zuckerberg – $44.6 b
Larry Ellison – $43.6 b
Michael Bloomberg – $40 bOxfam’s assertion is that world economies are mismanaged in favor of the wealthy, which is largely true; however, the report failed to hit the mark on this serious issue by not acknowledging the greatest problem with the world’s economy, which is the global central banking model of privately owned debt-based fiat currencies.
The current banking model is the product of hundreds of years of planned development, structuring, manipulation, force and trickery which began in earnest with Mayer Amschel Rothschild, who first established banking and finance houses in Germany in the 18th century.
The careful cultivation of his wealth with the assistance of his five sons allowed Rothschild to profit immensely during the French Revolution by providing financing and war materials to Austria, which in turn allowed the budding family empire to evolve into a multi-national organization, henceforth becoming a major financier of industry and war.
“Around that time, Rothschild sent his five sons to live in the capital cities of various European countries. His goal was to have each of his children establish a banking business in Frankfurt, Naples, Vienna, Paris, and London, and throughout the 1800s, they did. With Mayer Rothschild’s children spread across Europe, the Rothschilds became the first bank to transcend borders. Lending to governments to finance war operations for the past several centuries provided ample opportunity to accumulate bonds and shore up additional wealth in a range of different industries.” (Investopedia | September 26, 2016)
Fast forward to 2016, the Rothschild family is a dynasty of unimaginable wealth which manages to somehow conceal it for the most part, never quite being publicly credited as the richest and most influential family in the world. By dividing up their capital and holdings amongst the many members of the family, including numerous descendants and heirs, occasionally a single member of the family will appear on a list of the world’s top individuals; however, the family as a whole represents the largest fortune ever known.
“Traditionally, the Rothschild fortune is invested in closely held corporations. Most family members are employed by these corporations directly or invested in operations that generate family wealth. The remarkable success of the family has largely been due to a strong interest in cooperation, being entrepreneurs and the practice of shrewd business principles.” (Investopedia | September 26, 2016)
Investopedia estimates the family’s total wealth at over $2 trillion in assets and holdings, including some of the world’s oldest living corporations:
“…their holdings span a number of diverse industries, including financial services, real estate, mining, energy and even charitable work.There are a few Rothschild-owned financial institutions still operating in Europe, including N M Rothschild & Sons Ltd in the United Kingdom, and Edmond de Rothschild Group in Switzerland. The family also owns more than a dozen wineries in North America, Europe, South America, South Africa and Australia.”
At $2 trillion plus, the family’s reported wealth is closing in on five times as much as the combined wealth of the world’s top 8 individual billionaires, meaning that the Rothschild family alone controls more wealth than perhaps three-fourths or more of the world’s total population.
http://www.activistpost.com/2017/01/rothschild-family-wealth-five-times-worlds-top-8-billionaires-combined.html?utm_source=Activist+Post+Subscribers&utm_medium=email&utm_campaign=95f8fb2e70-RSS_EMAIL_CAMPAIGN&utm_term=0_b0c7fb76bd-95f8fb2e70-387759805
Gary Reber Comments: The Rothschilds historically figured out that to become wealthy you must become an OWNER of wealth-creating, income-producing capital assets. Yet all you will hear from politicians and economists are discussions that ultimately boil down to the presumed need to create jobs and train workers to fill them . . . which isn’t really all that helpful in a world in which technology, owned by the world’s 1 percent, is taking over more and more of the burden of producing marketable goods and services.
What people need is to be empowered to own wealth-creating, income-producing capital without the requirement of past savings pledged to acquire the self-liquidating capital.
It all boils down to either the 99 percent OWN the FUTURE ECONOMY or they continue to BE OWNED.
“Conventional wisdom says there is only one way to earn a living, and that’s to work. Conventional wisdom effectively treats capital (land, structures, machines, and the like) as though it were a kind of holy water that, sprinkled on or about labor, makes it more productive. Thus, if you have a thousand people working in a factory and you increase the design and power of the machinery so that one hundred men can now do what a thousand did before, conventional wisdom says, ‘Voila! The productivity of the labor has gone up 900 percent!’ I say ‘hogwash.’ All you’ve done is wipe out 90 percent of the jobs, and even the remaining ten percent are probably sitting around pushing buttons. What the economy needs is a way of legitimately getting capital ownership into the hands of the people who now don’t have it.” ~Louis O. Kelso, Journal Asset Based Finance, 1982.
