Not really. The top 1% item roughly $50 Trillion in assets. In 2010…15 years ago…that was only $15 Trillion. If you look at the graph of the national debt and the graph of the money supply, i.e. money printing, you will find they basically overlap, correlate, track.
I assume I don’t have to point out that 50-36 is 15, i.e., basically the whole growth of assets has been roughly fueled by “money printing” fraud. (Yes, I’m simplifying a bit)
What has basically occurred, is a fraud, what is not really different than loan fraud. The people in charge of the bank also wrote themselves loans they didn’t have to pay back and left the bank with the $36 trillion debt as they pocketed the both the $36 Trillion in debt, as well as plundered all the assets, i.e., much of government spending not in excess of revenue.
It’s basically been a plundering operation that has only escalated over the last 25 years and is the greatest national security threat to the US and arguably the security of the whole planet’s civilization. It’s short sighted greed.
And yes, this whole community is heavily involved and engaged in it as the VC money has flown like water for 20 years now … backed by fraudulent government “money printing” that has plundered regular people.
It will have consequences, one way or another. The devil always comes to collect when you don’t expect and in the worst way. That’s not a superstition, it’s a metaphor of human nature learned over unknown millennia of the same catastrophic patterns.
Frankly, the only thing that could save anything is to constrain the and revalue currency by seizing the plundered assets of the roughly top 1%, maybe even 3%, and paying down the national debt. It would be painful like drug rehab, but the alternative is OD and death and far greater suffering.