Occasionally, it becomes necessary to begin a commentary by clearly articulating what will not be contained. This is one of those rare instances. What will not be inside this article is any actual list of the world’s richest people, nor any specific figure supplied as to even the precise number of names on such a list. The point being that such information does not exist in the public domain.
The confusion here, in part, is due to the fact that some previous analysis of this data was less-than-precise. That faulty analysis begins with a recent headline, which was given considerable acclaim and attention in a previous piece.
Richest 62 people as wealthy as half of world’s population, says Oxfam
The additional problem lies within the headline, itself. The “richest 62 people” to whom Oxfam refers are not the world’s richest sixty-two people, not even close. This becomes instantly apparent through a combination of number-crunching, and reviewing previous data already in the public domain.
The (supposed) richest sixty-two people, on all of the phony “lists” produced by the mainstream media, hold a grand total of $1.76 trillion (USD) of wealth. The (supposed) richest eighty people hold a mere $1.9 trillion. The bottom-50% of the entire, global population hold another $1.75 trillion. Extrapolate this curve downward in any rational fashion, and we end up with a supposed figure for total, global wealth in the low, $10’s of trillions.
Now we pull out our calculators, and look around the real world. There is more than $200 trillion in outstanding global debt. That number has been tossed around for several years. Some of it is offsetting; most of it isn’t. Here it must be understood that the $200+ trillion in assorted debts is a hard number – the accumulated insanity of decades of banker brainwashing.
The problem? Those who are indebted well in excess of $200 trillion could not come remotely close to satisfying all of these obligations, even if they liquidated 100% of all assets in their possession.
In a sane world; all debts must ultimately be offsetting. In our insane world of Debt Slavery; there is somewhere in excess of $100 trillion of (paper) wealth, in the form of outstanding debt which can never be retired or repaid. This is because most of the world’s hard assets are also held by the same, tiny minority who are the (real) holders of most of these IOU’s: the Oligarchs.
The $100+ trillion in IOU’s held by the real Oligarchs at the top is just the first sliver of their near-infinite, paper wealth. We then move to the Oligarchs’ playground: the private, rigged, unregulated, book-making operation which the bankers and mainstream media call “the derivatives market”.
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