For a while now, central banks like the Federal Reserve have been participating in quantitative easing (QE) practices, despite the fact they don’t like to call it QE. Following the massive dollar injections, a recent report from the wealth insights provider Wealth-x details the number of wealthy people in the world spiked in 2019. The study cites the Federal Reserve’s stimulus is a direct effect of the rich getting richer, as the funds go directly to private banks and likely trickle down to the bubbling U.S. stock market.
Wealth-x Study Cites the Fed’s Stimulus and Bubbling Stock Market as the Primary Drivers of 2019’s Wealth Distribution
Eight years after the Occupy Wall Street movement fizzled into oblivion, the world’s central banks are printing fiat again, making the 1% grow richer. A recently published Wealth-x study shows that in 2019, the number of rich people getting richer surged as the “distinctive tier of wealth” expanded a great deal. News.Bitcoin.com’s “Money and Democracy” two-part series explain how the wealthiest families in the world (bankers) have colluded for hundreds of years in order to maintain the status quo.
Since the Occupy Wall Street protests in 2012, central banks like the Federal Reserve have been injecting billions of dollars into the hands of private banks. The recent Wealth-x report cites the Fed’s stimulus programs as a direct primer of the stock market and growth of very high net worth (VHNW).
It’s not like the economy’s manipulators used the free market to become the giants they are today; financial incumbents use force provided by the nation-states politicians and cronyism to manipulate the world’s markets.