The Rich Got Richer During COVID-19. Here’s How American Billionaires Performed

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Zero Hedge: We’ve all been affected by the pandemic-induced mayhem of 2020. But, as Visual Capitalist’s Carmen Ang noteswhen it comes to finances, some have fared far better than others.

While job loss persists for Americans making less than $20 an hour, the rich have gotten richer. More specifically, the most wealthy American billionaires have seen their net worth bounce back dramatically, thanks to strong stock market performance.

Here’s a look at who’s gotten richer since the market bottom in March 2020, and just how much their net worth has increased since then:

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Opinion: On March 23, 2020 the Federal Reserve announced $6.8 trillion in newly printed money would be added to the economy here

Jerome Powell, the Fed chair, at a news conference early this month.

The Fed’s Message: The Money-Printing Presses Are Fired Up and Ready to Go

““The Federal Reserve is committed to using its full range of tools to support households, businesses and the U.S. economy over all in this challenging time,” the statement begins. Unlike some past grand statements from central bankers promising to do “whatever it takes” to solve a crisis, this one was accompanied with actions matching the scale of the words.”

The Fed literally backstopped each sector of the financial market from stocks, corporate, municipal bonds and junk bonds, to real estate. In effect, the Federal Reserve became the lender of last resort.

It does not take a financial genius to figure out that the people with the most investments will do much much better that the average person. In fact money printing is a bonanza to the rich, has been since it started in 2009, and has now become the only method of solving a financial crisis.

The financial elites, or the 1%, have used their vast wealth to protect themselves if/when the US dollar, or euro reaches a breaking point from massive money creation (QE)

March 21, 2018

DC Officials Flock To Doomsday Camps – Reserve With Cryptocurrency Tokens

A building network of backwoods doomsday camps around the country are pulling in members from affluent areas and even Washington national security officials as the threats grow from nuclear war, an EMP or virus attack. read more

January 13, 2020

World’s Super-Rich are Hoarding Physical Gold in Secret Bunkers

Data from Goldman research showed that owning the physical metal seems to be the global elite’s preferred way to hedge against tail events. Physical buying of gold has increased at a rapid pace in the past three years, statistics showed. read more

July 14, 2020

Lifestyles Of The Mega-Rich & Fearful: Inside The Luxury Apocalypse Bunker

When it comes to doomsday bunkers – we might have found the ‘Cadillac’ of underground shelters for the superrich to ride out the virus pandemic and social-economic implosion of America. It’s called the Survival Condo, buried 200 feet underground in the middle of rural Kansas, several hundred miles from Kansas City, is a newly outfitted Cold War nuclear silo that houses underground condos that can survive a 12-kiloton nuclear warhead. read more

So print away, the oil and wine (Revelation 6:5-6) are prepared, for a while.

See “The 1% and Revelation: Do not Harm the Oil and Wine” here

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