Some recent statistics

October 27, 2011 by
Filed under: Bank's Profits, Bankruptcy 

Here’s a response to an article on the CBC.ca website. The article was called EU leaders make deal on banks, and the comment was posted by someone with the handle, The Facts.

Why do Banksters need bailouts ?

  • Most of the top 1% are involved in the Financial and Banking Industry Business
  • The richest 10% of North Americans own 93% of ALL stocks – the top 1% owns 50.9%
  • The richest 1% of North Americans control over 33.8% of North America’s wealth
  • The top 1% earnings equal the total combined earnings of 150 million North Americans
  • The top 10% own 89% of the world’s wealth
  • The top 1% own 45% of the world’s wealth
  • 50% of the world’s population owns less than 1% of the wealth
  • Three billion people presently live on $2 or less per day

For more detail graphs and stats – Business Insider.

Bailouts = the biggest Financial SCAM ever. Transfering wealth from the middle class to the top 1% Private Cartel Banksters

A longer version is available from the Yahoo Financial pages called “The US middle class is being wiped out and here’s the stats to prove it”.  The New York Times also just printed an article bearing similar statistics, Top Earners Doubled Share of Nation’s Income, Study Finds. The original study can be found here.

Ultimately, I think it raises the very question, why do banks need bailouts??! When you figure out how money really works, there are only two winners when the banks get bailouts: The banks themselves, and their subordinate governments. The indentured citizens, that would be you and me, see none of the benefits but all of the costs.

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