Headline Jan 08, 2018/ ''' PROBLEMS % PREENING '''

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*ROBOTS WILL IN 2040* be responsible for the production of 42 %, Yes, 42 per cent of *goods and services* up very much from the present 16%.

WHICH MEANS, which means around 86 million of brand new unemployed in the West alone, according to the International Labour Organisation.

80%, YES, 80 per cent of wealth goes to a few hands, and the crumbs to all others, who pay most of taxes, writes Roberto Savio

AMONG Bloomberg's many profitable activities is the convenient Bloomberg Billionaires index that has just published its findings for 2017.

It covers only the 500 richest people, and it proudly announces that they have increased their wealth by ONE TRILLION DOLLARS, in just one year.

Their fortunes went up by 23 per cent to US$ 5 Trillion [ and to put this into perspective, the US budget is now at US$ 3.7 Trillion].

THAT obviously means an equivalent reduction for the rest of the population, which lost those   trillion dollars. What is not widely known is that the amount money in circulation stays the same-

NO NEW money is printed to accommodate the 500 richest billionaires!

In fact, FORBES, the magazine for the rich, states that there are over 2,000 billionaires in the world, and this number is going to increase and increase very fast.

CHINA has overtaken the US, by having 594 billionaires compared with the US's 535 -and every three days a new millionaire is born.

There is an even exclusive club of billionaires, the  China Entrepreneur Club, which admits members only by the unanimity of its 64 members at present. 

Together, they have US$ 300 Billion, 4.5% of the Chinese GNP.

As a norm, the Chinese wealth is a family affair, which means that in 10 years they will leave a heritage of one Trillion Dollars, most probably to their sons; and the amounted of inherited wealth is going to rise to............. US$ 3 Trillion in 20 years.

ALL THIS STAGGERING amount of money in few hands  [eight people have the same wealth as  2.3 billion people], brings us to three relevant considerations:

WHAT is happening with the world debt?:

HOW are the governments helping the rich to avoid taxes?

THE relation between injustice and democracy. None of those perspectives gives space for hope, and least of all trust in our political class.

LET us start with the world's debt.

The International Monetary Fund says the gross debt of the non-financial sector has doubled in  nominal terms since the end of century to US$ 152 Trillion.

This is a record 225 per cent of the world GDP. Two thirds come from the private sector, and one third from the public sector.

GDP is an inadequate indicator. Growth is a macroeconomic index. If 80 per cent goes to a few hands, and the crumbs to all others, who pay most of the taxes; it is not example of growth.

*It is just a problem waiting to explode*.

What is more, nobody is thinking about the increase in the deficit. The total private debt at the end of the first quarter of 2017 was US$ 14.9 Trillion, with an increase of US$900 million in three months.

WHILE SALARIES increased from US$ 9.2 billion in 2014 to US$ 10.3 billion in the second quarter of 2017, the debt of families rose from US$ 13.9 billion to US$ 14.9 billion in just four, Yes, just 4 months.

The Honor and Serving of the Latest Operational Research on World and Ways continues.

With respectful dedication to the Leaders, Parents, Students, Professors and Teachers of the World. See Ya all on !WOW! -the World Students Society and Twitter-!E-WOW! -the Ecosystem 2011:

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