Worldwide wealth inequality keeps growing, with the richest 1 percent of the global population accounting for “half of all assets in the world,” according to a new report. Meanwhile, the poorest half has just 1 percent of its wealth at its disposal.
The pace of wealth growth in the middle classes has slowed down, unlike the growth of the richest people, said the Global Wealth Report issued by the Zurich-based Credit Suisse bank.
“This has reversed the pre-crisis trend which saw the share of middle-class wealth remaining fairly stable over time,” Tidjane Thiam, the chief executive of Credit Suisse wrote in the report.
“These results reinforce our findings from last year’s edition of this report, which argued that wealth inequality had widened in most countries in the years after 2008,” he added.
The number of super-rich people in the world, meaning those with a net worth of more than $50 million, went down by 800 in mid-2014 due to a stronger dollar.
There are 123,800 people worth more than $50 million, with half of them living in North America and a quarter in Europe.
“This year, the United States continued adding to global wealth at an impressive rate, with solid growth also evident in China. Elsewhere, local currency wealth gains were offset by depreciation against the US dollar, so that world wealth declined overall by USD 12.4 trillion,” the report states.
Europe saw two million people falling out of the millionaire club over the course of a year.
“While the bottom half of adults collectively own less than 1 percent of total wealth, the richest decile holds 87.7 percent of assets, and the top percentile alone accounts for half of total household wealth,” the report goes.
Some of MY Children have become bitter as they see the heathen, those that never bow a knee, or give a prayer to ME of thanks, and MY Children say what kind of a God is this? I say to you, you should not envy the wealthy who do not acknowledge ME, or the wicked. It seems they have every blessing in life for that is all they will ever have, and then will be eternal damnation, and eternal Hell and torment. They gave up eternity in Heaven for brief years on earth where they partook in every kind of sin, especially the sin of thinking they did not need a Savior.
Some reading this think they are wealthy, have no need of anything but I tell you that you are wretched and naked before I, YAHUVEH, and YAHUSHUA’s eyes. Some reading this say, “I have my treasures here on earth, possessions, real estate and bank accounts,” but I tell you that you are bankrupt in Heaven. Some build up there credit here on earth, but I tell you that you have no credit when it comes to the evil times ahead and MY ears shall not hear you call out to ME, it shall be in vain.
Beware of the elites of this world. And you will say, “But who are the elites?” They are the wealthiest of the wealthy. They already serve satan. They say they are “better than anyone else.”
Foolish men and foolish women—you desire to have what they have! Yet you do not realize—all they have in store is hell and the Lake of Fire! Some you call “movie stars.” Some are in high government places. Some are billionaires. And many times over millionaires.
I will not name the names. I will not endanger the Prophet that speaks. I’ve just given you a glimpse of the elite: the corrupters of justice. Some even decree the very laws of the land! In high political places!