Richest 2% own more than half the world

[luckydog71]

Likely widening.

That's never stopped you before LD!

For some one that has heaped scorn on political correctness before, why now are you concerned about it?

Depends on what was needed for people to get by in day to day life and the cost of it.

And this means exactly what?

Sounds like empty rhetoric to deny the obvious.

Oh my the dreadful plight of the superwealthy.

What does that have to with 2% of the world's population controlling 90% of the world's wealth?

It is amazing how little you actually contribute to the discussion DD.

The quote above is your entire (unedited) contribution. Do you have any thoughts, or are you like most lefties... great at throwing rocks (like my Democrat fiends) but totally mute on any original thoughts or ideas.

 

[sdw]

The people with the power have always been those who control other people's money, rather than those who use their own money to exert influence.

(not that they are broke or anything).

There are many people in the US with a LOT more power than Bill Gates, despite having much smaller personal bank accounts, for example.

re China; I had thought that they were still putting most of their trade imbalance into shoring up their energy reserves and building up their industrial base. I guess they have moved past that by now. As I said, yep I'm surprised.

The idea of unlimited oil in the Persian Gulf is proving to be mistaken.

I had thought that the fact that Iraq exported less oil in the last three years than during the "Oil for Food" program was an illustration of Rumsfeld's stupidity.

Turns out I was wrong. There are still people that blame the lack of exports from Iraq on the insurgents blowing up facilities. What they seem to forget is that the Americans were blowing up the same facilities from 1991 to 2003. Yet Saddam was still exporting more oil than they can now.

The smoking gun is the purchase of steam extraction technology. It seems that Iraq has depleted it's oil fields and what remains needs special technology. This applies to Kuwait also because there is linkage of the Iraqi, Kuwaiti and Saudi Arabian oil fields in that corner. There is an article today that talks about the problems the Iranians are having. Iran is exporting 5% less oil this year than they did last year. Iran hasn't made their OPEC quota for the last three years.

It's becoming apparent that the Persian Gulf Oil has passed the mid point of exploitable oil and that there will be progressively less oil available from the region each year.

Since the Iraq war was all about oil and the real purpose was to control the Iragi reserves to force the Saudis and other OPEC nations to reduce their prices, the Americans have wasted a lot of money, lives and goodwill on a lack of knowledge about what was really there.

The US is going to see 4.50 per gallon gasoline by the spring. Once people have assimulated the information that is becoming available, Oil prices are going to skyrocket.