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Global wealth is becoming increasing concentrated among a small wealthy elite. Data from Credit Suisse shows that since 2010, the richest 1% of adults in the world have been increasing their share of total global wealth . Figure 1 shows that 2010 marks an inflection point in the share of global wealth going to this group. Figure 1 : Share of global wealth of the top 1% and bottom 99% respectively ; Credit Suisse data available 2000 - 2014. In 2014 , the richest 1% of people in the world own ed 48% of global wealth , leaving just 52% to be shared between the other 99% of adults on the planet. 1 Almost all of th at 52% is owned by those included in the richest 20%, leaving just 5.5% for the remaining 80% of people in the world. If this trend continues of an increasing wealth share to the richest, the top 1% will have more wealth than the remaining 99% of people in just two years with the wealth share of the top 1% exceeding 50% by 2016.The report also shows that even among the über-rich there remain divisions, with an outsized majority on the list of the world's wealthiest people hailing from the United States. And it's not an accident. The world's most wealthy, as the Oxfam report documents, spends enormous amounts of their money each year on lobbying efforts designed to defend the assets they have and expand their ability to make even more.
Sott.net is beginning a commemorative series of articles in view of the fact that people on this planet don't really seem to be remembering what they swore they would 'never forget'. History is repeating, it is happening NOW, and the beginnings are before our very eyes. Consider these articles our warning to humanity. We hope it doesn't fall on deaf ears.Alfred Hitchcock was an artist. He understood the language of film like few others have or do - how to communicate on a visceral, emotional level with imagery and sound - and it shows in his psychological thrillers, like Psycho, The Birds, and Vertigo, among countless others. But he also made a film most people haven't heard about. In 1945 he was commissioned to assist in a documentary film utilizing footage taken by British, American and Russian cameramen/soldiers of the liberated concentration camps stretching across Europe in the wake of World War II. Hitchcock himself only ended up working on the film for a month, helping with the visual presentation of the footage and refusing payment, before various delays cropped up, studio executives axed the project, changed its focus, got a new director (Billy Wilder), and eventually released a shortened, totally different version entitled Death Mills.
Comment: Germany better accelerate their repatriation process or they will not get their gold back.