Anton Siluanov said that the National Wealth Fund would reduce its share of dollars to zero within the next month. Speaking as part of the St. Petersburg International Economic Forum, he said that the process would be “fast enough” and would mirror a similar move by the country’s central bank …
Read More »Russian govt gives go-ahead for piling of National Wealth Fund into gold bullion
“Financial reserves of the NWF can be allocated in the accounts of the Bank of Russia in the form of precious metals, gold in particular, which is traditionally seen as one of the defensive assets,” the cabinet’s press office said. According to the government, the decision, proposed in late 2020, …
Read More »Oligarch bankers are using woke PR campaigns to whitewash the greatest wealth inequality and economic plunder in history
In a press release, Goldman Sachs promised that the One Million Black Women initiative “will address the dual disproportionate gender and racial biases that black women have faced for generations, which the pandemic has only exacerbated.” And Goldman’s CEO David Solomon explained the framework for the project. “Given all that’s …
Read More »Musk’s wealth keeps soaring, but he wants to ditch worldly possessions to colonize Mars
Thanks to skyrocketing Tesla shares, Musk’s net worth surpassed $200 billion dollars for the first time, and now stands at $209 billion, according to Bloomberg Billionaires Index. Since Thursday, he has extended his lead over the previous leader of the rich list, Amazon founder Jeff Bezos, who now trails Musk …
Read More »Britain needs a wealth tax to pay for Covid lockdowns and to reduce inequality. But will our craven politicians even consider it?
It seems the rich are even richer than we thought. Just in time for them, the lucky dears. For the rest of us, as we look into 2021, we’re staring unemployment, debt, and rent arrears and poverty in the face. Without state intervention, hundreds of thousands of Britons will be …
Read More »British experts call for wealth tax as elite 1% owns quarter of UK wealth
The tiny minority currently holds almost £800 billion more wealth than suggested by the country’s official statistics, the study reveals, suggesting that this could be a conservative estimate and the actual figure could be even higher. The report represents a considerable increase on the official data, which reportedly omitted the …
Read More »Argentina passes one-time personal wealth levy dubbed ‘millionaires’ tax’ to cover Covid-19 damage
The so-called “millionaires’ tax” was approved in the Senate late on Friday in a 42 to 26 vote. The measure targets Argentinian citizens with declared personal wealth of over 200 million pesos ($2.5 million). It will apply a progressive tax rate of at least 2 percent on their total fortunes, …
Read More »Billionaires’ wealth tops $10.2 TRILLION as millions struggle amid pandemic
According to the research, their wealth grew by 27.5 percent at the height of the crisis, from April to July, reaching a combined $10.2 trillion. The billionaires had mostly benefited from betting on the recovery of global stock markets, UBS said, noting that their wealth had hit “a new high, …
Read More »Russia will need 100 years to catch up with developed countries in terms of wealth and life
World Bank: Russia needs 100 years to catch up with developed countries in terms of wealth and life The wealth of the average Russian with the calculation per capita is only a quarter of its level in developed countries. This is stated in the report “How rich Russia?”, made by …
Read More »The head physician of the Kiev hospital surprised the Ukrainians of their wealth
The Network became suspicious. Chief doctor of the Kyiv city maternity hospital №2 Tatiana pehna declared luxury real estate, a lot of expensive cars and impressive amounts of cash. So, the family of pejnya owns the house on 719 sqm with a land plot of 16 acres in the Peter …
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