Posted by Richard Willett - Memes and headline comments by David Icke Posted on 26 June 2024

The Great Lockdown Swindle

Many people will remember the Covid policy response as a nightmare involving: reduced access to medical treatment, businesses closures, disrupted schooling and fear generated by Government brainwashing.  After the event, it is always worth doing a ‘cui bono‘ (who benefits) exercise to identify who benefited, especially since the hopeless mainstream media have largely failed to do this.

Counterintuitively, the über-wealthy owners of 0.1% of wealth in the United States, increased their net worth by a staggering $6.4 trillion over the 2022-2023 pandemic period.  With their net worth growing from $12.1 trillion to $18.5 trillion, a pretty cool $20 million per head for approximately 300,000 people. This outcome is counterintuitive since the lockdowns temporarily wrecked the economy and had a significant negative impact on Government debt, which ballooned due to staggering budget deficits. All things being equal, you would expect stock markets to move lower under these circumstances.

In the Alice-in-Wonderland world of extreme money printing though the stock market exploded and the benefit from this explosion accrued primarily to the über-wealthy, who hold most of the financial assets. Regular folk without significant financial assets tended to get left with the rough end of the stick in the form of elevated inflation. We covered the link between money printing and financial asset values in a previous note (‘Where did the money go?‘), the chart below shows that money printing (red), moves in almost exactly the same way as the size of the wealth owned by the wealthiest 0.1% (blue). Both axes are in trillion (millions of millions).

You could credibly argue that the aim of monetary policy seems to be to prop up the value of the financial assets held by the über-wealthy. Within the group of über-wealthy, gains were not evenly distributed. The world’s second richest man, Jeff Bezos, made over $90 billion in paper gains over the first nine months of 2020 due to an increase in Amazon’s share price. A large part of this was thanks to lockdowns, which closed down the bricks and mortar competitors and diverted tens of billions of dollars to Amazon, whose sales growth doubled from around 20% to 40% towards the end of 2020.

Another group which seemed pleased with the lockdowns was that of the social engineers who had since the 1970s wanted to redesign society, including to reduce or even eliminate growth. The Chairman of the World Economic Forum, Klaus Schwab co-authored a book, COVID-19:The Great Reset. The book calls for significant parts of the lockdown response to be made permanent; the book’s cover makes clear that he wanted to leverage Covid for the purposes of introducing massive societal change.

They say that you should never let a good crisis go to waste, but what if rather than waiting for a good crisis, some interest groups created or simply exaggerated a crisis?

One thing that has become clear over the recent past is that the über-wealthy have access to enormous lobbying power via their foundations. A large foundation can comfortably spend around $400 million a year on lobbying (philanthropy). As we discussed in our note on green money, the resources of the oligarch foundations dwarf the funding available to regular political parties.

Read More: The Great Lockdown Swindle

The Reveal

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