[posting]61231257[/posting]
Ene, mene, Miste,
es rappelt in der Kiste.
Ene, mene, meck
und Du bist weg. ...
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Mon. AM TNT Thoughts/News 8-12-19
8/12/2019 10:09:00 AM News, Thoughts, TNT
TNT
LounDebnc:
Do you think the RV will change this?
Richest Families in World Control $1.4 Trillion...
The numbers are mind-boggling: $70,000 per minute, $4 million per hour, $100 million per day.
That’s how quickly the fortune of the Waltons, the clan behind Walmart Inc., has been growing since last year’s Bloomberg ranking of the world’s richest families.
At that rate, their wealth would’ve expanded about $23,000 since you began reading this. A new Walmart associate in the U.S. would’ve made about 6 cents in that time, on the way to an $11 hourly minimum.
Even in this era of extreme wealth and brutal inequality, the contrast is jarring. The heirs of Sam Walton, Walmart’s notoriously frugal founder, are amassing wealth on a near-unprecedented scale — and they’re hardly alone.
The Walton fortune has swelled by $39 billion, to $191 billion, since topping the June 2018 ranking of the world’s richest families.
Other American dynasties are close behind in terms of the assets they’ve accrued. The Mars family, of candy fame, added $37 billion, bringing its fortune to $127 billion. The Kochs, the industrialists-cum-political-power-players, tacked on $26 billion, to $125 billion.
So it goes around the globe. America’s richest 0.1% today control more wealth than at any time since 1929, but their counterparts in Asia and Europe are gaining too. Worldwide, the 25 richest families now control almost $1.4 trillion in wealth, up 24% from last year.
To some critics, such figures are evidence that capitalism needs fixing. ( I think we need to teach capitalism myself...) Inequality has become an explosive political issue, from Paris to Seattle to Hong Kong. But how to shrink the growing gap between the rich and the poor?
As the tension increases, even some billionaire heirs are backing steps such as wealth taxes. (What BS the rich always find way not to pay taxes...)
“If we don’t do something like this, what are we doing, just hoarding this wealth in a country that’s falling apart at the seams?”(so what is she waiting for???) Liesel Pritzker Simmons, whose family ranks 17th on the Bloomberg list, said in June. “That’s not the America we want to live in.”
A notable addition this year: the Saudi royal family.
The House of Saud is worth $100 billion, based on the cumulative payouts royal family members are estimated to have received over the past 50 years from the Royal Diwan, the executive office of the king.
That’s a lowball figure. After all, oil giant Saudi Aramco, the linchpin of the Saudi economy, is the world’s most profitable company. The kingdom is hoping to take it public at a $2 trillion valuation.
Tallying dynastic dollars isn’t an exact science. Fortunes backed by decades and sometimes centuries of assets and dividends can obfuscate the true extent of a family’s holdings. The net worth of the Rothschilds or Rockefellers, for instance, is too diffuse to value. Clans whose wealth is currently unverifiable are also absent.
But of those we can track, most are reaping the rewards of ultra-low interest rates, tax cuts, deregulation and innovation. Koch Industries, for instance, has a venture-capital arm. The latest generation of Waltons is establishing its own enterprises.
Other big gainers include the owners of fashion house Chanel and Italy’s Ferrero family, whose brands include Nutella spread and Tic Tac mints. In India, the fortune of the Ambani family swelled $7 billion, to $50 billion.
In all, the world’s 25 richest families have $250 billion more wealth, compared to last year.
The rich aren’t necessarily getting richer together. The Quandt family dropped eight places following a poor year for Bayerische Motoren Werke AG, which has battled trade tensions and slowing global markets as BMW invests in the disruptive shift to self-driving electric vehicles. The Dassault, Duncan, Lee and Hearst families all fell from the list.
And this could in many ways represent a peak, as U.S. President Donald Trump escalates a trade war with China and worries grow about a global recession.
“It can be very challenging to preserve wealth over the long-term,” said Rebecca Gooch, research director at Campden Wealth, a network and education business for generational-wealth holders. “Family-owned operating businesses can shift from booming to declining, a family’s investment portfolio might not be well diversified or there can be issues with generational transitions.” ...
https://www.bloomberg.com/features/richest-families-in-the-w…
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... Facebook ... Walmart ... etc ... klingelts ..
A Walmart Cryptocurrency: what does it mean for the Industry?
Adam Slater - August 6, 2019
Walmart is looking at creating a cryptocurrency, following the shopping giants filing with the U.S. Patent and Trademark Office last week, titled: “System and Method for Digital Currency via Blockchain”.
Named Walmart Coin, it is thought to be tied to a Fiat currency, in yet another stablecoin move from a major company in recent months. IBM, JP Morgan Chase, Facebook, and VISA/Mastercard are a number of major companies looking into the idea.
Walmart’s worldwide standing is probably the reason for this step as they are hoping this can open up financial capabilities for people without banking services. A Walmart spokesperson furthered this sentiment, saying: ...
https://www.asiacryptotoday.com/a-walmart-cryptocurrency-wha…
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11 AUG 2019 Von Kirill Bryanov
Wer ist David Marcus: Vom Bitcoin-Enthusiasten zum Leiter von Libra
https://de.cointelegraph.com/news/who-is-david-marcus-bitcoi…
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... Member: Also, TRUMP is going out of Country for 10 days...NOW ...
MZ: I’ve done some digging on this…….With Epstein out of the way…now they can disclose everything… …….they can move things up…..imo
Member: we don't need Epstein to disclose... actually, since he is out of the way they can move up the investigation and don't have to wait on a trial
Member: A "dead" Epstein can still give testimony @GITMO Tribunals against cabal.
Member: Rules are very different for military trials. Epstein and Assange are both being protected so they can testify live.
Member: rumor says it was fake, and he is in witness protection.
MZ: That’s a possibility
Member: He's not dead.. Def in witness protection.. Another 4D Chess move!! Fake his death to protect him!! It's all part of the plan!! ...
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Trump Ending Welfare-Dependent Immigration, Saving Taxpayers Billions
Social Security Card - stock photo American Visa and Social Security Card with '"Valid for work only with DHS authorisation"'
by John Binder12 Aug 2019
President Trump is set to save American taxpayers billions of dollars as his administration announces a new rule on Monday that will essentially ban welfare-dependent legal immigrants from permanently resettling in the United States.
A new regulation set to be published by the Trump administration will ensure that legal immigrants would be less likely to secure a permanent residency in the U.S. if they have used any forms of welfare in the past, including using subsidized healthcare services, food stamps, and public housing.
The regulation will be a boon for American taxpayers in the form of an annual $57.4 billion tax cut — the amount taxpayers spend every year on paying for the welfare, crime, and schooling costs of the country’s mass importation of 1.5 million new, mostly low-skilled legal immigrants.
The National Academies of Science released a report two years ago, ...
https://www.breitbart.com/politics/2019/08/12/trump-administ…
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Evidently Thurs. Aug. 15 was also the date our Social Security cards would be changed to gold-backed, meaning that US citizens were no longer considered “cattle” to the privately owned Federal Reserve – Crown of England – Vatican – Central Bank world monetary system. "Gold-Backed SS Card?" by RY - 8.10.19