Posted on 08/16/2023 2:02:09 PM PDT by lowbridge
The recent annual Global Wealth Report by UBS, a prominent Swiss bank, reveals that Europe and the United States lost trillions of dollars. Reportedly, the US lost more wealth in comparison to any country in 2022.
In 2022, the United States experienced the largest decline in wealth compared to any other nation, with a reduction of $5.9 trillion. Additionally, the report unveiled that North America and Europe lost a combined $10.9 trillion in 2022.
The US saw a decline in millionaires, with a reduction of 1 million millionaires by the end of 2022. Nevertheless, the US maintained a substantial global presence. It accounted for more than half of the world’s ultra-high-net-worth individuals, according to the UBS report.
The report shows some interesting data about Russia. Russia’s economic performance has defied expectations, standing out as a distinctive case of wealth growth. This is even amid the ongoing conflict in Ukraine. The recently published annual Global Wealth Report by UBS has provided insights into this phenomenon, highlighting that Russia’s wealth increased by a substantial $600 billion, all while geopolitical tensions remained prevalent.
(Excerpt) Read more at watcher.guru ...
It didn’t disappear. It TRANSFERED to Democrat Politicians. Don’t forget 10% for the Big Demented Pervert Biden.
That’s Brandonflation for you!
Good question!
That’s what I’d like to know!
Ten percent to the Big guy.
5.56mm
That wealth disappeared from The Middle Class, not from the owners of this country.
1 trillion = 1000 billionS
1 billion = 1000 millions
This means when the government sends Ukraine or a state or anyone $1 billion it is like sending 1000 people each $1 million.
The numbers are so enormous that it is hard to get a handle on them. I think a lot of people think 1 billion = 2,000,000 and 1 trillion = 3,000,000, just like a bicycle has two wheels on a tricycle has three wheels.
Tip of the iceberg, standby to port....
BRICSS currency
But Karine is poring over some technical economic data from Harvard and Columbia professors she knows and will write up a precis herself so non-specialists will understand how Bidenomics isn’t to blame.
How are the guys on Wall Street doing?
Nothing vanished...it was all paper wealth, that wasn’t worth the paper it was written on. The stock market has been severely overvalued for years.
The White House pedophile spent it.
That’s BIDENOMICS!!!
Thank your neighbors who voted for or ran ballot scams for Biden.....
I created FR keyword BidenDestroysEconomy a while back. It was supposed to be a comment on Bidenomics and Bidenflation. Didn’t realize it was literally true.
Biden is so taken with owning Bidenomics. Media could cure him of that quickly, if they’d connect Bidenomics with Bidenflation in article headlines.
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