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With The Economic Crisis, The Number Of Billionaires Has Soared

March 13, 2010

[ but in an economic crisis doesn’t  -everyone-  get poorer ?

What do you mean ..?   …    Why does …    …        ohhhhh it’s a wealth transfer, isn’t it. ]

https://www.freefoto.com/images/31/45/31_45_2---The-Bank-of-England_web.jpg

[ … is that Athen’s ? ]

The current global financial and economic crisis once again confirms the fact that during economic upheavals the rich get richer and the poor become even more destitute.

On Thursday, Forbes Magazine carried an updated list of the world’s wealthiest people.

https://www.georgeglazer.com/prints/aanda/historic/bankofengl.JPG

[ here’s a picture of the bank of england when it was older. ]

As of late 2009, the number of billionaires soared from 793 to 1,011 and their total fortunes from $2.4 trillion to $3.6 trillion.

The number of Russian billionaires almost doubled, from 32 to 62.

The list’s authors believe that an increase in the number of wealthy people highlights the end of the recession, but it may also signal the appearance of new bubbles in the economy.

[ Is it like being underwater ?  If you’re not in a bubble you somehow can’t breathe ? ]

Read the rest here

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ewingsc


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