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Home / David Stockman /655 People Have $4 trillion in Wealth, But 200 Million Can’t Cover a $1000 Expense.”

655 People Have $4 trillion in Wealth, But 200 Million Can’t Cover a $1000 Expense.”

Summary:
The COVID pandemic has caused the gap between the ultra-wealthy and the rest of us to grow larger than it ever has been before. Thanks to the hyperinflationary policies of the Federal Reserve and our politicians in Washington, stock prices have soared to unprecedented heights in recent months. This pushed the wealth of the uber-rich to dizzying heights, but for the rest of the country 2020 was an unmitigated nightmare. http://theeconomiccollapseblog.com/655-people-have-4-trillion-in-wealth-200-million-cant-cover-a-1000-expense/

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The COVID pandemic has caused the gap between the ultra-wealthy and the rest of us to grow larger than it ever has been before. Thanks to the hyperinflationary policies of the Federal Reserve and our politicians in Washington, stock prices have soared to unprecedented heights in recent months. This pushed the wealth of the uber-rich to dizzying heights, but for the rest of the country 2020 was an unmitigated nightmare.

http://theeconomiccollapseblog.com/655-people-have-4-trillion-in-wealth-200-million-cant-cover-a-1000-expense/

David Stockman
David Alan Stockman (born November 10, 1946) is a former businessman and U.S. politician who served as a Republican U.S. Representative from the state of Michigan (1977–1981) and as the Director of the Office of Management and Budget (1981–1985) under President Ronald Reagan.

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