Many people will remember the Covid policy response as a nightmare involving: reduced access to medical treatment, businesses closures, disrupted schooling and fear generated by Government brainwashing. After the event, it is always worth doing a ‘cui bono‘ (who benefits) exercise to identify who benefited, especially since the hopeless mainstream media have largely failed to do this.

Counterintuitively, the über-wealthy owners of 0.1% of wealth in the United States, increased their net worth by a staggering $6.4 trillion over the 2022-2023 pandemic period. With their net worth growing from $12.1 trillion to $18.5 trillion, a pretty cool $20 million per head for approximately 300,000 people. This outcome is counterintuitive since the lockdowns temporarily wrecked the economy and had a significant negative impact on Government debt, which ballooned due to staggering budget deficits. All things being equal, you would expect stock markets to move lower under these circumstances.

Posted in

Valerie

Leave a Comment

You must be logged in to post a comment.