NO ONE SERVES THE BILLIONAIRE CLASS BETTER THAN OL' JOE OF
WALL STREET. JUST GOOGLE HIS NAME WITH GEORGE SOROS OR
LARRY FINK OF BLACKROCK! HE'S ALSO IN BED WITH MODERN
SLAVER BEZOS AND ZUCKERBERG WHO WORKS WITH JOE FOR OPEN
BORDERS AND NO LEGAL NEED APPLY!
UNDERGROUND BUNKERS?! Don't You See What's Happening? | Prepare Now Because Last Day Signs
Davos Globalist Elites Warned They’ll be Shocked at the Fortunes of World’s Billionaires
Thousands of gilded members of the world’s globalist elites who have flown to Davos, Switzerland, for the World Economic Forum (WEF) annual conclave have been told to prepare to be shocked at just how much money really, really rich people have.
A report that calls for public action to confront growing inequality has been released in time for the gathering of people who themselves aren’t short of a spare dollar or six.
It details the world’s five richest men more than doubled their fortunes from $405 billion to $869 billion since 2020.
Oxfam’s Inequality Inc. states the past three years since the start of the coronavirus pandemic has seen a solidification of “a supercharged surge in extreme wealth” while global poverty remains at pre-pandemic levels.
RELATED: Alex Marlow — “Historic Inflation, Stifling Taxation” Are Part of World Economic Forum’s Plan for “The Great Reset”
Turning Point USAAs an example of the growing wealth being accumulated by the wealthiest on the planet, the report claims the five richest men of Elon Musk, Bernard Arnault, Jeff Bezos, Larry Ellison and Warren Buffett alone saw their wealth jump 114 percent in the past three years.
Meanwhile the bottom 60 percent of the world’s population lost a collective $20 billion, a decline of 0.2 percent.
And if current trends continue, it said, the world will have its first trillionaire within 10 years and that it will take almost 230 years before the number of people living under the World Bank poverty line of $6.85 is reduced to zero.
Such a heartwarming reunion. Back where he belongs! https://t.co/mC1mXwQK5D pic.twitter.com/WTI3zPlN0a
— Breitbart News (@BreitbartNews) January 14, 2024
“We’re witnessing the beginnings of a decade of division, with billions of people shouldering the economic shockwaves of pandemic, inflation and war, while billionaires’ fortunes boom,” Oxfam International interim Executive Director Amitabh Behar said in a statement.
“This inequality is no accident; the billionaire class is ensuring corporations deliver more wealth to them at the expense of everyone else.”
An attendee selects canapes from a buffet ahead of the World Economic Forum (WEF) in Davos, Switzerland, on Sunday, May 22, 2022. (Jason Alden/Bloomberg via Getty)
A waiter serves fine wine at the Welcome Reception ahead of the World Economic Forum (WEF) in Davos, Switzerland, on Monday, Jan. 16, 2023. (Stefan Wermuth/Bloomberg via Getty)
The report continues that large companies set record profits last year, with 148 of the world’s biggest corporations generating $1.8 trillion in total net profits, representing a 52 percent increase compared to average net profits from 2018 to 2021.
How can all this be addressed?
The report calls for big government intervention to regulate corporations, including breaking up monopolies, putting a cap on CEO pay and instituting new taxes on the super rich and corporations.
Sky-High Hypocrites: Davos Elites Hit Turbulence over Love of Private Jets https://t.co/hKch0wzblP
— Breitbart London (@BreitbartLondon) January 15, 2023
The Davos gathering has previously heard the direct imposition of permanent annual taxes on the earnings of the world’s richest individuals could redistribute wealth and lift millions out of poverty, as Breitbart News reported.
Under the globalist proposal, supranational taxation would start at a rate of two percent on wealth over $5 million and progress to five percent on wealth over $1 billion, generating $2.52 trillion.
This would be in addition to – and on top of – whatever taxes are imposed at source by individual national authorities.
The World Economic Forum is being held through to Friday, giving a red carpet welcome to the world’s richest and most powerful people to enjoy an almost endless array of cocktail parties, canapes, speeches, closed door meetings, and an array of fine food with wines to match.
Idling limousines queue in the Promenade street in Davos ahead of the opening day reception of the World Economic Forum on January 17, 2017 in Davos.
(FABRICE COFFRINI/AFP via Getty Images)
For those seeking simpler fare, a hot dog with pickles, fried onions and mustard at the plush ski resort reportedly costs $43.
A chicken Caesar salad with parmesan starts at about $55.
BlackRock Chief Warns Davos Elites: Trump Victory Poses ‘Fundamental’ Challenge to Europe
The prospect of a Donald Trump return to the White House in 2024 poses a “fundamental” challenge to Europe, the leader of the world’s largest investment company warned Tuesday.
The Daily Telegraph reports BlackRock vice chairman Philipp Hildebrand issued his caution from the sidelines of the World Economic Forum (WEF) in Davos, Switzerland.
In doing so he added his voice to the swelling chorus from Europe that fears a Trump return to the world stage.
The veteran Swiss banker said the re-election of the former U.S. president “would challenge Europe fundamentally” given Trump’s determination to embrace America First in matters from trade to diplomacy, NATO funding, and climate policy.
Hildebrand, a member of the firm’s Global Executive Committee, was responding to recent comments by Christine Lagarde, the head of the European Central Bank (ECB), who said Trump posed a “clear threat” to Europe because his divergent views set him apart from the European mainstream, the report sets out.
Lagarde last week warned history showed Trump’s “manner in which he carried out the first four years of his mandate… is clearly a threat.”
For his part, Hildebrand urged Europe to seize the opportunity to transform itself into a technological superpower that was less dependent on America. He added Europe’s capabilities on defence were “just not there” and required a rethink. Hildebrand said:
I see it as an opportunity for the construction of Europe.
Clearly, if [Trump’s election] were to lead to a rupture, which I think is what President Lagarde has in mind as a risk, then that would challenge Europe fundamentally.
Hildebrand helps to oversee more than $9 trillion of assets at investment giant Blackrock, which is the largest money manager in the world.
He spoke within hours of Trump’s stunning victory in the Iowa Republican presidential caucuses, as Breitbart News reported.
Read the Daily Telegraph report in full here.
Adams on Taxes: We’re ‘Hemorrhaging’ ‘Working-Class People’ and Worried About Losing Tax Base
On Wednesday’s broadcast of WCNY’s “Capitol Pressroom,” New York City Mayor Eric Adams (D) responded to a question on state tax policy by stating that “We’re seeing a hemorrhaging of, not only working-class people, but we’re concerned about losing that high tax base, because that tax base pays for our police officers, our teachers, our firefighters, keeps our streets clean.”
Host David Lombardo asked, [relevant exchange begins around 10:10] “Gov. Hochul (D) has repeatedly drawn a line in the sand on increasing taxes, and that’s something that came up again in her State of the State booklet. Is that the right decision, considering it will limit the state’s ability to send dollars to New York City at a time when serious cuts are on the table and you need aid from Albany?”
Adams responded, “Well, when you look at it, we are one of the highest-taxed states in the country outside of California, and you have to find the right balance. The last numbers that I checked, in New York City in general, 2% of New Yorkers pay 51% of our taxes. We’re seeing a hemorrhaging of, not only working-class people, but we’re concerned about losing that high tax base, because that tax base pays for our police officers, our teachers, our firefighters, keeps our streets clean. And so, she must find the right balance with the leaders in Albany of how do we come to an economic understanding without hurting our long‑term plan and our long‑term tax base? So, I respect her decision to make the right decision for New Yorkers.”
He added, “I’m sure that there are going to be those in Albany who [are] going to speak on raising income taxes, particularly for high-income earners. And I think this is the part of Albany where you sit down and come to a fair negotiation strategy to come up with a plan that everyone can live with.”
Follow Ian Hanchett on Twitter @IanHanchett
THERE'S A REASON WHY MOST ALL BILLIONAIRES ARE DEMS FOR OPEN BORDERS! KEEPS WAGES DEPRESSED AND BUILDS THE SERF CLASS.
Bank of America Earnings PLUNGE 50%. Accounts are being liquidated.
JOE BIDEN'S CRONIES:
The report begins by noting that since 2020 the world’s five richest men have more than doubled their fortunes, at the rate of $14 million per hour, from $405 billion to $869 billion, while almost 5 billion people, over half the world’s population, have been made poorer.
Oxfam report: A devastating indictment of monopoly power and inequality
As the gathering of the global elites at the annual World Economic Forum meeting in Davos, Switzerland gets underway, the international aid agency Oxfam has published a devastating report on the escalation of inequality.
It shows how the enormous growth of corporate power and wealth is reshaping the world, producing social devastation for billions and the accumulation of fabulous wealth for a handful of oligarchs.
The report begins by noting that since 2020 the world’s five richest men have more than doubled their fortunes, at the rate of $14 million per hour, from $405 billion to $869 billion, while almost 5 billion people, over half the world’s population, have been made poorer.
Speaking on the report, Oxfam interim Executive Director Amitabh Behar said: “We are witnessing the beginnings of a decade of division, with billions of people shouldering the economic shockwaves of pandemic, inflation and war, while billionaires’ fortunes boom.”
“This inequality,” he continued, “is no accident; the billionaire class is ensuring corporations deliver more wealth to them at the expense of everyone else.”
Importantly, he also pointed to a trend which was emphasised in the New Year perspective statement of the World Socialist Web Site—the role of corporate power and concentration, not just the growth of individual wealth, in undermining all democratic structures and paving the way for extreme right-wing and fascist regimes.
“Runaway corporate and monopoly power,” he said, “is an inequality-generating machine: through squeezing workers, dodging tax, privatizing the state, and spurring climate breakdown, corporations are funneling endless wealth to their ultra-rich owners.
“But they’re also funneling power, undermining democracies and our rights.”
The opening chapter of the report, headlined “A new gilded age of division” highlighted the enormous growth of corporate concentration and profit in contrast to the “brutal world” for billions of people confronted with the “grinding reality” of the rising cost of food and other essentials.
It noted that 4.8 billion people are today worse off than they were in 2019, prices outpacing pay the world over, “with hundreds of millions of people seeing their wages buy less each month and their prospects for a better future disappear.”
This has meant that in the past two years some 800 million workers have lost $1.5 trillion because their wages have fallen behind inflation, equivalent to near a month (25 days) for each worker. Of the 1,600 largest corporations worldwide, only 0.4 percent of them have committed to paying workers a living wage and supporting a living wage in their value chains.
For billions of people in lower-income countries, a new era of colonialism has arrived. The exploitation of the masses, which used to be carried out by direct control, has been replaced by the seamless, and even more efficient, operations of the global financial system.
In the words of the report, as governments find it impossible to stay afloat: “Low- and lower-middle-income countries are set to pay nearly half a billion US dollars a day in interest and debt payments between now and 2029, and they are having to make severe cuts to spending to pay their creditors.”
It details the vast increase in corporate profits at the top end, finding that the world’s largest corporations had an 89 percent jump in profits for the years 2021 and 2022 compared to the period 2017-2020, as data covering the first six months of last year indicates it is “set to shatter all records as the most profitable year yet for big corporations.”
Some of the numbers are: a 278 percent increase in 2023 for the profits of 14 oil and gas companies; the profits of two luxury brands up by 120 percent from the average in 2018-21; an increase in profits of 32 percent for 22 financial companies in 2023 compared to the average for 2018-21; an increase of 32 percent in the profits of 11 pharmaceutical companies in 2022 compared to 2018-21.
But even more significant than the profit increases themselves is the concentration of corporate power to an extent never before seen in history.
The report notes that the largest 0.001 percent of firms earn roughly one-third of all corporate profits.
The chapter on monopoly power was introduced with an image of the hand of a puppet master controlling the strings to point to the effect of corporate control of governments and their legislative agenda, ranging from taxation policy to corporate concentration, social spending and climate change.
“We are living through a new area of monopoly power,” according to the report. “A small number of ever-swelling corporations wield extraordinary influence over economies and government with ... largely unbridled power to price gouge consumers; suppress wages and abuse workers; limit access to critical goods and services; thwart innovation and entrepreneurship; and privatize public services and utilities for private profit.”
In his introductory remarks on the report, Behar said the world had not forgotten “how pharma monopolies deprived millions of people of COVID vaccines, creating a racist vaccine apartheid, while minting a new club of billionaires.”
Monopoly power goes across the board. Would be reformers of the capitalist system, including Oxfam itself, often point to increased taxation on corporations and the wealthy as a means of ameliorating, at least to some effect, social inequality. But such proposals fly in the face of the historical record, as detailed in the report.
It says that since 1980, corporations have waged a “sustained and highly effective war” on taxation, with the result that the statutory rate has more than halved, falling from 48 percent to 23.1 percent. But this is only part of the picture, because major corporations with their lawyers and tax accountants can exploit the loopholes in the legislation, write-offs and the like, deliberately put in place to enable avoidance, and end up paying tax far below the statutory rate, or in some cases no tax at all.
On top of this there is the use of tax havens. It is estimated that about $1 trillion in profits, 35 percent of foreign profits, were shifted to tax havens in 2022.
Another reform proposal often advanced is the break-up of monopoly power by government regulation. But as the report itself makes clear, the historical trend is in the opposite direction and that “far from being accidental, this power has been handed to monopolies by our governments.”
The degree of concentration is captured in some significant data. Ten giant “big pharma” firms have emerged from 60 over the past two decades; two global companies control over 40 percent of the global seed market, compared to ten 25 years ago; four firms control 62 percent of the world’s pesticide markets; three quarters of global online advertising is done through Meta (the owner of Facebook) and Alphabet (the owner of Google); and four companies control 74 percent of the global accounting market.
On the vital issue of global warming, the report notes that “corporate power is driving climate breakdown, in turn causing great suffering and exacerbating inequalities.”
The report continues:
Many of the world’s billionaires own, control, shape and financially profit from processes that emit greenhouse gases, and benefit when corporations seek to block progress on a fast and just transition, deny and spin the truth about climate change, and crush those who oppose fossil fuel extraction.
As with all of Oxfam’s previous reports, the conclusions it draws from the facts and figures it lays out, as well as the pronounced trends and processes it details, going back decades, stand in stark contrast to the completely empty “solutions” it advances.
In this case, where the focus is on the growth of corporate monopoly power, it advances the call to “revitalize the state.”
This is based on a fundamentally wrong conception—the notion that the state somehow stands above social classes, a kind of neutral instrument which through pressure can be made to act in the interests of society.
That conception was refuted long ago by the historical analysis of the Marxist movement going back to Marx’s remark that every capitalist government is but the executive committee for managing the affairs of the bourgeoisie.
That analysis is underscored by the Oxfam report itself. The conclusion which must be drawn by the working class is that it must seek not to reform the capitalist state or try to pressure it—that is impossible—but to take political power in its own hands and establish a workers’ state as the first step in reconstructing society on socialist foundations.
BEING THE WORST PRESIDENT IN AMERICAN HISTORY WILL NOT DISSUADE THE SUPER RICH. THE BILLARY CLINTON DEMS ARE THE PARTY OF THE RICH! THE LARGEST TRANSFER OF WEALTH TO THE RICH IN MODERN AMERICAN HISTORY OCCURRED DURING THE BANKSTER REGIME OF BARACK OBAMA, ERIC HOLDER AND 'CREDIT CARD' JOE BIDEN!
THE DEMOCRAT PARTY’S BILLIONAIRES’ GLOBALIST EMPIRE requires someone as ruthlessly dishonest as Hillary Clinton or Barack Obama to be puppet dictators.
http://hillaryclinton-whitecollarcriminal.blogspot.com/2018/09/google-rigged-it-so-illegals-would-vote.html
Globalism: Google VP Kent Walker insists that despite its repeated rejection by electorates around the world, “globalization” is an “incredible force for good.”
Hillary Clinton’s Democratic party: An executive nearly broke down crying because of the candidate’s loss. Not a single executive expressed anything but dismay at her defeat.
Immigration: Maintaining liberal immigration in the U.S is the policy that Google’s executives discussed the most.
This seems illegal BUT WHAT DOES THAT
MEAN TO A GAMER LAWYER?!?
https://www.youtube.com/watch?v=KKMZFO-2ZeI
The main objective of “political animals” like Obama and the Clintons is to get elected; it’s not to fix a broken America, nor to protect her. There are people who govern and there are people who campaign; Obama and the Clintons are the latter. Just look at the huge Republican electoral gains under Obama and the Clintons. It’s amazing that Democrats who still care about their party still support the very people who have brought it down.
“Protect and enrich.” This is a perfect encapsulation of the Clinton Foundation (TWO GAMER LAWYERS - OWNED BY GEORGE SOROS) (WHAT ABOUT THE CHINA BIDEN PENN CENTER?) and the Obama (TWO GAMER LAWYERS - OWNED BY GEORGE SOROS) book and television deals. Then there is the Biden family (FOUR GAMER LAWYERS - JOE, HUNTER, JAMES, FRANK - OWNED BY GEORGE SOROS AND LARRY FINK OF BLACKROCK) corruption, followed closely behind by similar abuses of power and office by the Warren (GAMER LAWYER) and Sanders families, as Peter Schweizer described in his recent book “Profiles in Corruption.” These names just scratch the surface of government corruption (ADD GAMER LAWYER KAMALA HARRIS (WANTS TO BE OWNED BY GEORGE SOROS) AND HER LAWYER HUSBAND AND THE BANKSTERS’ RENT BOY, LAWYER CHUCK SCHUMER, OWNED BY LARRY FINK OF BLACKROCK WHO OWNS A BIG PIECE OF THE ‘BIG GUY’ JOE, AND GEORGE SOROS’ RENT BOY (GAMER LAWYER) TONY BLINKEN, AS WELL AS CON MAN (GAMER LAWYER) ADAM SHIFF) AND HIS CORRUPTNESS (GAMER LAWYER) BOB MENENDEZ STILL EVADING PRISON.
BRIAN C JOONDEPH
Biden-Harris Campaign Claims 2024 War Chest Is Largest of Any Democratic Candidate in History
The Biden-Harris reelection effort is not running out of cash anytime soon. That was the claim Monday when party organizers boasted they had $117 million on hand, making it the largest sum for any Democratic candidate in history at this point in the race.
The Hill reports the president and vice president’s 2024 campaign team said it raised more than $97 million in the fourth quarter of 2023. The total includes fundraising efforts by the campaign, joint fundraising committees and the Democratic National Committee. The report sets out:
In the third quarter of 2023, the Biden-Harris campaign announced it raised more than $71 million and had nearly $91 million cash on hand.
The team raised more than $72 million in the second quarter of last year, with $77 million cash.
The campaign stressed grassroots fundraising efforts in the fourth quarter contributed to the haul and applauded the historic achievement, the report continues.
“This historic haul — proudly powered by strong and growing grassroots enthusiasm—sends a clear message: the Team Biden-Harris coalition knows the stakes of this election and is ready to win this November,” Julie Chávez RodrÃguez, Biden-Harris campaign manager, said in a statement announcing the numbers as seen by The Hill.
“Across our coalition, we are seeing early, sustained support that is helping us scale our growing operation across the country and take our message to the communities that will determine this election,” Chavez added.
The amount represents the sum total of four entities: Biden’s campaign, his two joint fundraising committees and the Democratic National Committee.
The Biden-Harris campaign said 97 percent of donations in the fourth quarter were less than $200, for an average of $41.88.
Since the campaign’s launch, aides said, almost one million supporters have made contributions, for more than 2.3 million total contributions, The Hill report concluded.
Former President Donald Trump, Biden’s increasingly likely rival in the race for president, is yet to announce how much he raised throughout the last quarter.
Follow Simon Kent on Twitter: or e-mail to: skent@breitbart.com
SOROS RENT BOY Blinken, Macron, Li, and Guterres Lead Rush of Globalist Elites Flying into Davos
Sixty heads of state and government are packing their bags and readying to fly into the luxury Swiss mountain resort of Davos ahead of the next World Economic Forum (WEF) annual meeting that begins Monday.
U.S. Secretary of State Antony Blinken, French President Emmanuel Macron, Chinese Premier Li Qiang, and U.N. Secretary General Antonio Guterres are among the self-styled global luminaries set to alight from their private jet transports for a week of meetings, cocktails, and back slapping.
European Commission President Ursula von der Leyen, Ukraine President Volodymyr Zelensky, and U.S. National Security Advisor Jake Sullivan will also take part at the 54th celebration of global power and elite management hosted by founder Klaus Schwab.
So too UK Chancellor Jeremy Hunt is going to Davos next week, appearing alongside Business Secretary Kemi Badenoch at an event hosted by JPMorgan Chase & Co. the American multinational financial services firm, Bloomberg reports.
More than 300 other public figures will join them at the monied conclave to focus on “rebuilding trust” amid a world of uncertainty, as Breitbart News reported.
Another 2,000 to 3,000 people are on the official invite list, though many more flock to fringe events, swelling the population of the resort town from its modest permanent base of around 11,000.
Most will fly in to the local airport by private and commercial flights.
RELATED: Alex Marlow — WEF Executive Chairman Klaus Schwab “Groomed” Justin Trudeau, “Infiltrated” Canadian Government
Turning Point USA“This Annual Meeting will welcome over 100 governments, all major international organizations, 1000 Forum’s Partners, as well as civil society leaders, experts, youth representatives, social entrepreneurs, and news outlets,” the WEF boasts on its dedicated online site.
Just who is attending and how they will achieve their lofty goals is still to be determined.
Before the start of the WEF meet, a meeting of global security advisors will be held in Davos and many of them will also go on to attend the official program.
The WEF said the meeting will “drive dialogue, cooperation and partnerships on global imperatives, including economic growth, climate and nature action, energy security, technology governance and human development.”
The meeting will also be attended by South Korean President Han Duck-soo, Spain Prime Minister Pedro Sanchez, Swiss President Viola Amherd, Belgium Prime Minister Alexander De Croo, Iraq President Mohammed Shyaa Al Sudani, and Netherlands PM Mark Rutte.
File/No bugs on the menu as a chef serves canapes during the Welcome Reception ahead of the World Economic Forum (WEF) in Davos, Switzerland, on Sunday, May 22, 2022. (Jason Alden/Bloomberg via Getty)
A waiter serves fine wine at the Welcome Reception ahead of the World Economic Forum (WEF) in Davos, Switzerland, on Monday, Jan. 16, 2023. ( Stefan Wermuth/Bloomberg via Getty)
(From L) Former British Prime Minister Boris Johnson, Canada’s Deputy Prime Minister and Minister of Finance Chrystia Freeland, Goldman Sachs CEO David Solomon, Netherlands’ Prime Minister Mark Rutte and BlackRock Chair and CEO Laurence Fink attend a Ukrainian event at the WEF annual meeting in Davos on January 19, 2023. ( FABRICE COFFRINI/AFP via Getty Images)
Also attending will be Qatar Prime Minister Mohammed Bin Abdulrahman Al Thani, Singapore President Tharman Shanmugaratnam, Sri Lanka President Ranil Wickremesinghe, and Vietnam PM Pham Minh Chinh – to name just a few more.
Heads of international organisations taking part include IMF Managing Director Kristalina Georgieva, World Bank President Ajay S Banga, NATO Secretary-General Jens Stoltenberg and W.H.O. Director-General Tedros Adhanom Ghebreyesus.
Heads of civil society organizations include Kirsten Schuijt, Director-General, WWF International; David Miliband, President, International Rescue Committee; Luc Triangle, General Secretary, International Trade Union Confederation; Tirana Hassan, Executive Director, Human Rights Watch.
The WEF annual meeting will run from 15–19 January, 2024, under the banner “Rebuilding Trust.”
