Living It up – How Plenty Becomes More

Living It up – How Plenty Becomes More
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Did you ever stop to think why rich people never seem to be running out of money? How the heck does Donald Trump stay a millionaire and has four of his businesses declaring bankruptcy as recent as five years ago? How come that when a regular bloke has his business go bankrupt, his personal finances go as well, but some Croesus never seems to get even touched by such things? Yes, there must be a conspiracy, but it is a larger corporate and government conspiracy than you would think, because it is embedded in the law and cannot be changed easily.

You have to sit down and think for a second; you have, say, ten million quid. You go to a bank, any bank, and you term deposit that money into a special account at an annual rate of, say, 2.7%, whereby you get paid the interest earnings quarterly. Do you know how much that would amount to? 54,000 quid a year, you get paid quarterly 13,500 quid, amounting to a monthly income of 4,500 and weekly about slightly over 1000 quid every week. What job can you get, which would pay that amount of money and you do absolutely nothing?

gatesBill Gates’ net worth is right now around 50 billion Pounds. In such a scenario – which by the way is the cheapest possible scenario and does not include higher rates for higher deposits, with billions it probably would amount to up to 8% or more annually – uncle Billy would cash in over a billion quid per year doing absolutely nothing. That is around 26,000 quid a week, or more than 150 quid per hour, if you count 24 hours a day. Regular folks, who work around 40 hours a week, would rather cringe to know that Billie gets an hourly rate of 650 quid per working hour.

For Mr. Gates it generates more profits to invest his money, so you go figure how much he really makes in a year. Most rich people actually hide behind corporations and charities, in order to stay out of the public eye, living it up on the other side of finance. We would have never learned about those people if not for Bernie Madoff, who as one of the largest hedge funds investment advisors was actually running a Ponzi scheme and who used to be the chairman of NASDAQ. The money investigators never managed to find amounted to 65 billion US dollars. Most of the money was never found, Madoff received a 150 years in prison sentence.

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