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Thread: Billionaires profit from the corona crisis

  1. #91
    The "pandemic" accelerated the accumulation of wealth by the billionaire class.
    After the pandemic was started, central banks injected $9 trillion into economies worldwide, to blow up the economic bubble to mythical proportions. A lot of that "stimulus" has gone into monetary markets, and has benefited the ultra-rich.


    The total wealth of billionaires worldwide rose from $8 trillion to $13 trillion in only 12 months - the most dramatic surge ever registered on the annual Forbes billionaire list.
    On the 2021 Forbes list, the number of billionaires rose some 700 to more than 2,700. Most of the billionaires were added in China - 238 billionaires, to a total of 626. The US added 110 billionaires, to a total of 724.

    In the early 2010s, the US billionaire class owned about 10% of GDP. Billionaire wealth has since surged to 15% of GDP in the US.



    It doesn't seem to matter which system of politrics or economics countries profess.
    In social democratic Sweden, the number of billionaires now own a share of GDP of almost 30%.
    In communist China, the wealth of all billionaires increased with $1 trillion to a share of 15% of its GDP: https://www.universalpersonality.com...up-covid-cash/
    (https://archive.is/tyoyJ)
    Do NOT ever read my posts. Google and Yahoo wouldn’t block them without a very good reason: Google-censors-the-world/page3

    The Order of the Garter rules the world: Order of the Garter and the Carolingian dynasty



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  3. #92
    Because of the Blackrock "going direct in the next crisis" plan in combination with the pandemic response, share prices in the pharmaceutical companies that produce COVID vaccines have soared, with Moderna's share price gaining more than 700% since February 2020, BioNTech's surged 600% and CanSino Biologics' stock gaining 440% over the same period.


    As a result, 9 new vaccine billionaires were created.

    Stéphane Bancel, Moderna’s CEO (worth $4.3 billion)
    Ugur Sahin, CEO of BioNTech ($4 billion)
    Timothy Springer, founding investor of Moderna ($2.2 billion)

    Noubar Afeyan, Moderna’s Chairman ($1.9 billion)
    Juan Lopez-Belmonte, Chairman of ROVI ($1.8 billion)
    Robert Langer, founding investor in Moderna ($1.6 billion)

    Zhu Tao, co-founder CanSino Biologics ($1.3 billion)
    Qiu Dongxu, co-founder and senior vice president CanSino Biologics ($1.2 billion)
    Mao Huihua, co-founder and senior vice president CanSino Biologics (worth $1 billion)


    The following billionaires have also made a great profit from the COVID pandemic.

    Jiang Rensheng & family, Chair Zhifei Biological products, wealth from $7.60 billion to $24.40 billion.
    Cyrus Poonawalla, Founder Serum Institute of India, wealth from $8.20 billion to $12.70 billion.

    Wu Guanjiang, Co-founder Zhifei Biological products, wealth from $1.80 billion to $5.10 billion.
    Pankaj Patel, Controls Cadila Healthcare, wealth from $2.90 billion to $5.00 billion: https://www.oxfam.org/en/press-relea...st-vaccinating
    Do NOT ever read my posts. Google and Yahoo wouldn’t block them without a very good reason: Google-censors-the-world/page3

    The Order of the Garter rules the world: Order of the Garter and the Carolingian dynasty

  4. #93
    What is cronyism?
    UK Health Secretary Matt Hancock got "gifted" 15% of shares in shredding firm Topwood. Hancock "forgot" to disclose that his sister Emily Gilruth also owns a stake and is a director of the firm.

    Topwood was awarded a £300,000 contract by NHS Wales.
    A government spokesman responded that Hancock had acted "entirely properly": https://www.dailymail.co.uk/news/art...contracts.html


    Quote Originally Posted by Firestarter View Post
    In another great example of crony capitalism, Alex Bourne was awarded £30 million in contracts, despite having no experience in medical supplies.
    Alex Bourne is however the former neighbour and buddy of UK health secretary Matt Hancock.
    See the 2 friends at Alex Bourne's former pub, the Cock Inn in Thurlow.
    Do NOT ever read my posts. Google and Yahoo wouldn’t block them without a very good reason: Google-censors-the-world/page3

    The Order of the Garter rules the world: Order of the Garter and the Carolingian dynasty

  5. #94
    The number of billionaires in the UK reached a new record because of the COVID "pandemic".

    24 people were added to the UK billionaires' list, making a total of 171 billionaires: https://www.theguardian.com/business...covid-pandemic
    Do NOT ever read my posts. Google and Yahoo wouldn’t block them without a very good reason: Google-censors-the-world/page3

    The Order of the Garter rules the world: Order of the Garter and the Carolingian dynasty

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