It’s raining diamonds, plus a look at the haves and the have notes.
The Haves And The Have Nots
July 24 (King World News) – Gerald Celente: “Global net wealth staged a significant recovery in 2023, growing by 4.3% after a difficult year in 2022,” according to the annual Global Wealth Report prepared by the Boston Consulting Group.
Assets of the 73,000 ultra-high-net-worth individuals—the “ultra-rich”—rose to about $400 trillion. Financial wealth—cash-related assets rather than real estate, commodities, and other non-financial possessions—gained almost 7 percent after shrinking 4 percent in 2022.
“Tangible” or non-financial assets rose by 2 percent to almost $240 trillion or about €220 trillion…
ALERT:
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North America’s ultra-rich took the lion’s share of new wealth, adding $9.48 trillion. The addition brought North America’s capital to $109 trillion, keeping it the world’s wealthiest region.
Western Europe’s richest grew their wealth by $1.96 trillion. The Asia-Pacific region, excluding Japan, brought its wealthiest people another $2.72 trillion.
The “increase in financial assets in the USA last year was equivalent to more than half of the total net assets in Germany,” the report noted.
The U.S. also houses the largest number of the ultra-rich at 26,000. Elon Musk tops the pile with $251 billion, followed by Jeff Bezos at $218 billion and Mark Zuckerberg with $189 billion.
China is home to 8,300 ultra-rich people. Germany has 3,300, up 10 percent from 2022 and taking third place in the global wealth comparison.
In contrast, Germany’s poverty rate has reached 20 percent, according to the World Socialist Web Site (WSWS). Germany’s poverty rate among children and young adults under 18 is also 20 percent, affecting about three million people.
In the early 1990s, the average wealth of the richest 10 percent of Germans was 50 times that of the poorest 50 percent; today, the spread is 100 times, according to ZDF, Germany’s public television network.
Germany’s richest 10 percent own 66 percent of the country’s wealth, while the poorest half owns just 1.3 percent, the WSWS said. The richest 1 percent hold 35.3 percent of Germany’s assets…
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As Western countries increase spending on war and defense, the wealth differential is likely to become even more lopsided, the WSWS said, adding that “the millions spent on …military actions are to be borne by the working class, which is already struggling with low wages, job losses, and social cuts.”
Calls are growing for changes in tax codes to reduce wealth inequality, the WSWS noted.
TREND FORECAST:
As we have long noted and reported, with the Bigs controlling the world governments, the rich keep getting richer as we the people of Slavelandia keep getting poorer.
It’s Raining Diamonds
At Germany’s University of Rostock, scientists blasted plastic waste with lasers and microdiamonds rained out.
They turned PET plastic, common in drinks bottles and food containers, into a thin, foil-like film.
Next, they shot the film with a laser beam at 10 flashes per second. The beams instantly heated the plastic to more than 10,800°F, about 6,000°C, creating a shockwave that lasted only a few billionths of a second but was strong enough to compress the plastic to millions of times normal atmospheric pressure.
Microdiamonds flew out of the plastic and into a water tank where they could be screened out using filters.
“So far, diamonds of this kind have mainly been produced by detonating explosives,” physicist Dominik Kraus said in a university media statement. “With the help of laser flashes, they could be manufactured much more cleanly in the future.
“The diamonds could be custom cut with regard to size or even doping with other atoms,” Kraus noted. “We have a lab tool that can precisely control the diamonds’ growth.”
TRENDPOST:
Microdiamonds and nanodiamonds have uses in computers and other electronics. They’re also used as abrasives and polishers.
The new technique could make plastic waste valuable as part of the evolving circular economy in which waste from one process is feedstock for another.
Just Released!
Gerald Celente’s King World News audio interview has just been released discussing the gold market and much more and you can listen to it by CLICKING HERE OR ON THE IMAGE BELOW.
Released!
To listen to Alasdair Macleod discuss the wild trading in the gold and silver markets CLICK HERE OR ON THE IMAGE BELOW.
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