Who are the 1%?

reply to post by ludwigvonmises003


Oh for god sake. More people like you.

No really. Try reading some of the posts on the previous page that I made.

Might shine on light and help you work through some of the misconception you have of me. And apparently reading comprehension isn't your strength because I NEVER said the working class or small businesses are the ones stealing money.

Jebus!

Originally posted by getreadyalready
reply to post by projectvxn

 

The top 25 richest people have enough wealth to create 1 million new millionairres and still be rich themselves.

Really, it isn't the top 1% we should be concerned with, and it isn't people. It is the top 10 Global Corporate Conglemerates and the top 25 wealthiest people controlling the actions and shares in those corporations.

We are talking more like the top 0.001% that are actually evil hoarders and exploiters.

you think that the top 25 most wealthy people on this planet would gross 25 trillion dollars?
LOL.

reply to post by projectvxn


Frankly inflation is deliberately created by Federal Reserve by sending huge amts of money in the commodity market and use of derivatives. Ban the Fed .Destroy derivatives OTC trading/mark to market and replace with physical trading ( represents real market with real demand and supply and not some naked derivatives )

Secondly Flat tax is needed.Austrian economics 101.

Thirdly , and the mainly kill the superbanker baron illuminati/bilderberg families.

Do you agree ?

reply to post by WiZKiD111


Rothschild is believed to control between 5 trillion to 500 trillion dollars.

Originally posted by neo96
they are using fuzzy math their twisted since of logic and entitlement that fact is 80% of jobs created are by small business and those people are on main street and they are currently being strangled to death.

there "1%" in reality is that 80% that hires and creates the majority and pays the bulk of tax revenue.

im hard on ows for good reason they know nothing about wall street and they know nothing about where their bread is buttered from.

and there they are cutting their own throats even more.

You really should brush up on your spelling and grammar, makes your 'points' harder to decipher.

Seeing as you're a billionaire (neo stated this in a thread of mine), maybe you have some solutions, maybe you're hard on OWS because you perceive yourself to be part of this upper 0.001 per cent who control 99 per cent of the available dough and wish to cast these people in unfavorable lights because maybe it'll effect your personal cash flow, who knows. All I want to say is that based on things you have said in the past, YOU are in this bracket, and people should know this.

Originally posted by ludwigvonmises003
reply to post by WiZKiD111

 

Rothschild is believed to control between 5 trillion to 500 trillion dollars.

No way!

Really?

Man that is messed up, and yet another reason why these people need to go down, they're kicking families out on the street everyday......true story

I feel revolutionary, in a good way of course.

reply to post by ludwigvonmises003


I do.

However I would say that if we are going to deal with derivatives they should not be tied to things people absolutely need. Like homes. That would be a ban on securitizing mortgages. However, if we are going to go ahead and trade other debt based securities then it should be done on a regulated market.

Doing this would do 2 things. 1 Weed out the lawbreakers 2 immediately force de-leveraging in the derivatives market.

I don't agree with killing anyone. But I would agree to removing their principle forms of power. And that would be to reform government DOWN to a level of function that is Constitutional and responsive...If there's one thing I find that One Worlders hate is American notions of individual liberty and the US Constitution.

reply to post by sir_slide


yes and forget neo,I believe he's trolling on ATS.Just another rich guy who has good luck or inheritance or had gone to top universities thus getting a top job with some investment banks(note:thief)

reply to post by projectvxn


Again your solutions would fail as regulators are owned by banks and banks will do illegal stuff .Check GATA on this issue. Thats why physical trading is needed not derivatives .

Derivatives are traded with physical:paper in ratio of 1:10 or 1:100 and in case of silver 1:10000?

Is this right. Derivatives is responsible for excessive oil prices .Check Chris Cook and his account on IPE(international Petroleum Exchange).

Originally posted by The Old American

I'm sorry but what a completely flawed argument. What most people fail to see is the circumstances in which people become impoverished, in order to have people who are billionaires, lots of people need to be poor, do you understand this concept? There are also ways to keep people impoverished. You fail to see this

reply to post by ludwigvonmises003


Actually my solution would probably end derivatives trading over night.

No one in the derivatives market wants it regulated because that would mean that the banks themselves would have to recognize losses in the trillions. That way the bad apples would be weeded out and their criminality would be large enough for law enforcement to do something about it as it would not be possible to ignore it.

The FBI would be very busy. The only reason we haven't hit the banksters yet is because this and previous administrations have coddled the banksters and protected them from investigation.

You should read The Market Ticker. Karl Denninger spends an awful lot of time exposing exactly the type of crimes committed by these people on a regular basis.

Most of those loses are socialized and tax payers around the world are stuck with the bills.

Regulated exchanges aren't a bad thing.

reply to post by ludwigvonmises003


Sorry to be off topic, but i don't feel that previously mentioned member does have an expensive education, his general wording and grammar can show you that, claiming to be a billionaire was most likely a drunken idiocy, although you must be held to your words, especially given the content of that members posts, very relevant.

As far as the 1 per cent go? It's just a slogan, an easy way for people to see how many people control the wealth that suppresses you, it wouldn't be as effective if the sign said "we are the 99.9 per cent"....maybe it would though, I know nothing about marketing.

reply to post by projectvxn


You havent been to financial OTC and futures markets right? I have worked there and there are some pretty unethical things there which I would not like to talk about,else I could be sued or even killed.

Again refer to Chris Cook account on IPE. Andrew Maguire's account on silver and gold. Tatiana Koryingina account on the international derivatives system.

There is good reason why I say it should be banned and replaced with Physical trading only .

reply to post by ludwigvonmises003


I'm not worried about futures trading.

Futures trading helps control liquidity in the market.

OTC Derivative trading should be banned. I just don't think it should happen so fast that the whole world blows up in one big financial nuclear explosion.

On that note I must be getting to bed. It's 1:30 am and I am very tired.

reply to post by projectvxn


Ok, lets redo the calculations for only North America.

According to this table North America represents 5.17% of the worlds population and holds 27.1% of the worlds net worth (I'm not sure if the exchange rate value is more accurate, so I'll just use the PPP value because it's lower). So lets see what we get now.

First we should work out what 27.1% of 125 trillion is.

0.271 x 125,000,000,000,000
= 33,875,000,000,000

Now, what is 5.17% of 6 billion people?

0.0517 x 6,000,000,000
= 310,200,000

So then what is 1% of North America's population?

0.01 x 310,200,000
= 3,102,000

In the United States at the end of 2001, 10% of the population owned 71% of the wealth and the top 1% owned 38%. On the other hand, the bottom 40% owned less than 1% of the nation's wealth.[13]

Distribution of Wealth In the United States

So what is 38% of 33.875 trillion?

0.38 x 33,875,000,000,000
= 1,287,250,000,000

So if 3.1 million people own assets totaling 1.287 trillion dollars...
How much does each have person have on average?

1,287,250,000,000 / 3,102,000
= 4,149,742

So 4 million on average. Once again, it's obviously more complicated than that, because 1% of the 1% probably own half of all the assets owned by the 1%, etc, etc.

reply to post by projectvxn


You are giving the MSM viewpoint. the physical:paper ratio is 1:20 to 1:80 . Yes, This is how JP Morgan brought copper prices from 2500$/ton to 11000$/ton in LBMA

Similiarly with Aluminium, the fair physical price should be 3000-4000$/ton but trades at 2000$/ton .Why?
Answer is that Big banks want to cripple Rusal.Not market oversupply.

Same situation for food commodities.Like fractional reserve banking there's fractional reserve trading too. naked trading should I say.

reply to post by ChaoticOrder


What about GDP numbers. All the money the nation makes in a year stands at roughly 15 or 16 trillion.

1 trillion is still not 40 percent of that.

reply to post by projectvxn


I'm not concerned with GDP, it's to more important to look at who actually holds how much of what.

edit; and the percent of world GDP for North America is still 23.8% anyway. I linked to the wrong thing in my last post (fixed now). I was referring to this table.

reply to post by projectvxn


US GDP is more like 7.2 trillion not 15 trillion as stated by Govt propaganda.

reply to post by ludwigvonmises003


There has got to be some way to confirm/measure that......Just saying