Fire Earth

Earth is fighting to stay alive. Mass dieoffs, triggered by anthropogenic assault and fallout of planetary defense systems offsetting the impact, could begin anytime!

Posts Tagged ‘Credit Suisse’

How piggishness destroyed your world

Posted by feww on October 14, 2015

Growing Wealth Inequality a Major Driver of Global Collapse

[Less than] one percent of the world population owns [more than] half of global wealth, according to the latest edition of the Global Wealth Report published by Credit Suisse.

Their estimates suggest the richest 10% of adult population own 88% of all wealth, with the top 1% accounting for half of all global assets, while the lower half of the world population collectively own less than 1% of the wealth.

Household Wealth, 2015
World: 250,145 (USD bn)
North America: 92,806
Europe: 75,059
Asia-Pacific: 45,958
China: 22,817
Latin America: 7,461
India: 3,447
Africa: 2,596
Source: James Davies, Rodrigo Lluberas and Anthony Shorrocks, Credit Suisse Global Wealth Databook 2015

Regional Wealth

North America and Europe together own 67% of the total wealth, but account for only 18% of the adult population.

Special Alliance

Some 20,247 of the world’s millionaires, or more than 60 percent of the total, are from the “Five Eyes,” the United States, the United Kingdom, New Zealand, Canada, and Australia.

Wealth and Super Wealthy 

Report estimates that worldwide there are

  • 123,800 UHNW individuals (their ultra high net worth exceeds USD 50 million) including
    • 44,900 each worth at least USD 100 million, and
    • 4,500 with assets above USD 500 million.
  • 33.6 million HNW (high net worth individuals with USD 1 mn to USD 50 m) of whom
    • 29.8 million fall within the USD 1–5 million
    • 2.5 million adults worth between USD 5 mn  and 10 mn, and
    • 1.3 million have assets in the USD 10–50 mn range

The 2015 Forbes Billionaires List

According to the Forbes Rich List 2015, there were 1,826 individuals each worth at least USD1 bn (up from 1,645 in March 2014), the highest number they’ve ever recorded, with an aggregate net worth of $7.05 trillion, up from $6.4 trillion a year ago.

80 richest people wealthier than the bottom half of world population

The 80 richest people in the world have doubled their wealth in nominal terms in the 6 year-period between 2009 and 2014, while the wealth of the bottom 50% has decreased over the same period.

These 80 individuals have more wealth (more than USD1.9 bn) than the combined wealth of the bottom 50% of the global population (more than 3.5 billion people).

Poverty

The United States has the second highest relative child poverty rates in the developed world, according to a 2013 UNICEF report.

The Greed

The greed to create more financial wealth is rapidly “asset-stripping” the planet. It’s directly proportional to the rate at which the global climate is being destabilized and the ecosystems destroyed.

Related Links

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Richest one percent to own 50 percent of world’s wealth: Oxfam

Posted by feww on January 19, 2015

Updated January 20, 2015

80 richest people wealthier than the bottom half of world population

World’s richest 1% owned 48% of global wealth in 2014, with the remaining 52% shared between the other 99% of adults on the planet. “Almost all of that 52% is owned by those included in the richest 20%, leaving just 5.5% for the remaining 80% of people in the world,” says Oxfam, a British-based “anti-poverty”organization, in a new report.

percent share global wealth oxfam report
Share of global wealth of the top 1% and bottom 99% respectively; Credit Suisse data available 2000–2014. Source: Oxfam report/ WEALTH: HAVING IT ALL AND WANTING MORE

The top 1% are projected to have more than 50% of total global wealth by 2016,according to data collated by Credit Suisse.

Wealth of the 80 richest people in the world has doubled in nominal terms in the 6 year-period between 2009 and 2014, while the wealth of the bottom 50% has decreased over the same period.

These 80 individuals have more wealth than the combined wealth of the bottom 50% of the global population (more than 3.5 billion people).

In 2010, the number of richest individuals who owned same amount of wealth as bottom half of the world’s population was 388.

“Global wealth is increasingly concentrated in the hands of a small wealthy elite.  The richest 1% of adults in the world have been increasing their share of total global wealth.” says the report.

oxfam report
Number of billionaires it takes to have accumulated the same amount of wealth as the bottom 50% of the global populationSource: Oxfam report/ WEALTH: HAVING IT ALL AND WANTING MORE

“The very richest of the top 1%, the billionaires on the Forbes list, have seen their wealth accumulate even faster over this period. In 2010, the richest 80 people in the world had a net wealth of $1.3tn. By 2014, the 80 people who top the Forbes rich list had a collective wealth of $1.9tn; an increase of $600bn in just 4 years, or 50% in nominal terms. Meanwhile, between 2002 and 2010 the total wealth of the poorest half of the world in current US$ had been increasing more or less at the same rate as that of billionaires; however since 2010, it has been decreasing over this time.”

The number of richest people in the world has more than doubled since the financial crisis, up from 793 in March 2009 to 1,645 in March 2014. Their  aggregate net worth is $6.4 trillion, up from $5.4 trillion just a year ago, according to Forbes.

“This group of people is far from being globally representative. Almost 30% of them (492 people) are citizens of the USA,” said Oxfam.

What’s NOT immediately obvious in the Oxfam report is that one percent of a tiny fraction of the world population (about 0.00000001, or one in 100million people) have a monopoly over economic and political power (absolute power).

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New Zealand Earthquake Damage Estimate

Posted by feww on July 24, 2013

Credit Suisse says the cost would be less than US$1 billion

[A billion here, 10 billion there, and pretty soon…]

“Sunday’s magnitude 6.5 earthquake, centered in Cook Strait, released energy equivalent to 100 nuclear bombs of the size which devastated Hiroshima,” said NZ scientists.

[Before FIRE-EARTH using Hiroshima atom bomb as a unit of measuring destructive energy for a visualization of  stress energy released by earthquakes no one else had made the comparison. Now everyone and their uncle copy the blog.]

Credit Suisse has estimated the cost of Sunday night’s quake in Cook Strait to be below US$1 billion ($1.3 billion), according to the Insurance Council of New Zealand.

[NZ may well prove to be the straw that broke the camel’s bank!]

BNZ's Harbour Quay building
The dealing room in BNZ’s Harbour Quay building following Sunday’s M6.5 quake. The building will remain closed until further notice. Image: BNZ via Stuff New Zealand.

“Damage in Wellington has been limited largely to burst pipes, some internal damage to buildings and superficial structural damage. Cordons were still up in Featherston St today because of the dangers of loose masonry and glass.

“The Marlborough town of Seddon was also affected by the quake, with cracks opening up in a dam built on Starborough Creek which flows through the township about 15km away. The dam held 250,000 tonnes of water, being slowly released under an emergency action plan, and was not considered a threat to people living below.

“Out of the 2500 buildings in Wellington’s CBD, much of the area on reclaimed land, 35 were found to have external damage,” said the report.

NZ Quake Links:

On June 13, 2011, in reply to a comment posted on the blog, FIRE-EARTH said:

As if by a massive irony, your most populated cities are situated right above geological nightmares–a fact that your government scientists don’t know, or won’t tell you.

https://feww.wordpress.com/2011/02/23/christchurch-could-vanish-from-google-map/#comment-13349

On March 4, 2011, in reply to a comment posted on the blog, FIRE-EARTH said:

Our advice to YOU and all intelligent people in Wellington area
1. There’s a frighteningly large buildup of tectonic stress energy right under your feet.
2. RUN while you’re still alive, before the next exodus bottleneck makes it impossible to flee the danger zone.

https://feww.wordpress.com/2011/02/24/new-zealand-earthquake-update-feb-24/#comment-12497
For additional FIRE-EARTH comments on NZ seismic hazards, see also
https://feww.wordpress.com/2011/02/24/new-zealand-earthquake-update-feb-24/#comment-12474

To New Zealand PM and his censorship psychos:

We haven’t started laughing yet, but it’s getting increasingly more difficult to hold back the giggles.

Posted in global disasters, global disasters 2013, global earthquakes, Significant Earthquakes, Significant Event Imagery, significant events, significant geophysical disturbances | Tagged: , , , , , , , , , , , , , | 1 Comment »