World's wealthiest people now richer than before the credit crunch

[the last donut of the night]

We are not all in this together. The UK economy is flat, the US is weak and the Greek debt crisis, according to some commentators, is threatening another Lehman Brothers-style meltdown. But a new report shows the world's wealthiest people are getting more prosperous – and more numerous – by the day.

Lol (http://www.guardian.co.uk/business/2011/jun/22/worlds-wealthiest-people-now-richer-than-before-the-credit-crunch)

[RichardAWilson]

Well: States (I.e. Washington, London and Brussels) have pumped trillions of dollars into the global financial system. Lower wages and higher jobless rates have ensured higher profits for the corporations: I.e. the Anglo-Saxon Financial Monster. Meanwhile: Low interest rates have led to higher stock values and bond prices.

[Impulse97]

Sources?

I'm not surprised. The system is designed to keep them rich and happy while the masses suffer.

[Ocean Seal]

Its because the governments of the world are all socialist and they won't let the free market work hurr durr.

Edit: Its also nice to know what the rich are spending their money on (44% for collectibles /22% Art/22% Jewelry/8%Sports Investments). Gee its almost as if they didn't need that money when there are people starving. And yet you still get those teabag fucks saying *naahhh* its their money, you're just a lazy thief who's jealous of not making it like them. They'll line up to defend the rich like fanboys of them. Seriously, defense of the rich is cult-like.

[RichardAWilson]

Sources? I can cite a number of sources if liked (The Economist, the Bureau of Labor Statistics, OECD Statistics, the Bureau of Economic Analysis, the Economic Policy Institute, the AFLO-CIO), the Federal Reserve.

[Impulse97]

Sources? I can cite a number of sources if liked (The Economist, the Bureau of Labor Statistics, OECD Statistics, the Bureau of Economic Analysis, the Economic Policy Institute, the AFLO-CIO), the Federal Reserve.

What? :confused: No, I want LDotN to cite his quote.

[xub3rn00dlex]

What? :confused: No, I want LDotN to cite his quote.

The quote is directly from the link?

[RichardAWilson]

You know how to measure how well the rich are going? One name: Warren Buffet and his Corporate and Joint-Stock Conglomerate.

[Impulse97]

The quote is directly from the link?

*facepalm*

I didn't even notice that the 'lol' was a link. :laugh:

[Os Cangaceiros]

The fact that the rich are getting richer is not suprising or interesting to me. The fact that the rich are getting more numerous is somewhat interesting, though.

[Kamos]

The fact that the rich are getting richer is not suprising or interesting to me. The fact that the rich are getting more numerous is somewhat interesting, though.

I'm sure it's because the middle class is also getting polarised. A few lucky ones (likely those richer to begin with) are joining the super rich and a far greater number are slipping down.

[bcbm]

war

[Luisrah]

Lol this is the best part

"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."

:laugh: oh the injustice! Poor only slightly rich people!

[RebelDog]

I would be richer too, if I could always privatise the rewards I recieve and socialise the risks I take. I wouldn't have any friends mind you.

[PopoSmash!]

I would be richer too, if I could always privatise the rewards I recieve and socialise the risks I take. I wouldn't have any friends mind you.

That is, unless they were rich or wanted to be