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.

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