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Midas Touch: The Curse of Gold

Posted by feww on October 27, 2017

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Combined wealth of world’s billionaires climbed to USD6.0 trillion in 2016

Legend held that billions of people on Earth died of starvation because the billionaires turned everything into gold, with the masses scavenging the waste left behind…

Background:
The total wealth of the world’s billionaires grew by USD892 billion (17%) from USD5.1 trillion to USD6.0 trillion, and their numbers rose by 145 (10%) to 1,542 in 2016. “This continued the long-term trend of billionaire outperformance that was twice the 8.5% rise in the MSCI AC World Index, and far more than the 5.8% nominal GDP growth figure,” a report said.

[Report prepared by FIRE-EARTH affiliated scientists.]

  • Details available via FIRE-EARTH PULSARS.

 

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