31 Aug '11, 5am

transitioning.org > Meet the Global Financial Elites Controlling $46 Trillion In Wealth: Number of View: 30 The...

transitioning.org > Meet the Global Financial Elites Controlling $46 Trillion In Wealth: Number of View: 30 The...

“Unlike those in the lower half of the top 1%, those in the top half and, particularly, top 0.1%, can often borrow for almost nothing, keep profits and production overseas, hold personal assets in tax havens, ride out down markets and economies, and influence legislation in the US. They have access to the very best in accounting firms, tax and other attorneys, numerous consultants, private wealth managers, a network of other wealthy and powerful friends, lucrative business opportunities, and many other benefits. Folks in the top 0.1% come from many backgrounds but it’s infrequent to meet one whose wealth wasn’t acquired through direct or indirect participation in the financial and banking industries…. Most of the serious economic damage the US is struggling with today was done by the top 0.1% and they benefited greatly from it…. For example, in Q1 of 2011, America’s top co...

Full article: http://www.transitioning.org/2011/08/31/meet-the-global-f...

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