The rich getting poorer because property, shares and treasuries are screwed, the banks are failing and the Fed is printing money meaning the currency is going to get screwed is NOT a good thing. The reasons the rich are getting poorer affects everyone. The middle class lose and the poor become more poor as even cheap labor opportunities dry up. Alternative investments get slaughtered and BIS are the 2nd largest holders of gold so if they sell there will be no gold bug haven either. What was the right thing to do in the past can easily be worthless and only a few top traders and those in the know prosper. Poor nations suffer because rich nations give less support, employment dries up and everyone gets screwed. If you are clued up you knew this was coming, what's going on now and what's next. However you need better trading skills than ever to ride these waves.
And not just people. Microsoft despised lobbyists back in the 90s. As we all know, the lobbyists got the last laugh and now Microsoft is fully invested in sending money to DC to buy politicians (and probably every other first world political center on the planet). We've achieved an Aristocracy of Pull, where people make money with their political connects. While this has been around for a long time, we've now set the foxes to guarding the hen house.
I remember in a thread from ET a long time ago, Pabst Prime is saying this recession will effect a rich people hardest. So it is true that prediction from Pabst. This recession is effecting all people, but how much they lose in a ratio of net worth is more for rich people. But they still will not go hungry.
The problem with Mcafee is he does not produce anymore and was living off income from dividends,fixed income. And he had a high cash burn rate. His 4 million will not last long and unfortunately Mcafee has been out of the loop and it is going to be difficult for him to bounce back. He is selling everything he can so he can cut his burnrate down.
No one is DC or the cocksuckers on wall street are accountable for their actions. Obama is a complete and total disaster.
He's doing better than this Russian who turned $1.2 billion into $0 http://www.irishexaminer.com/world/snsncwkfid/rss2/ or this guy who turned $1.4 billion into $0 http://www.blnz.com/news/2009/07/31/Icelands_richest_bankrupt_9898.html It's all about greed my friends. The more we have the more we want. No amount is ever enough.
So many stupid people in this thread. I think the statement in the opening paragraph where it says globalization increases inequality is laughable, and I'm sure there's stupid people on here that would dispute it. Chaulk up another worthless doom and gloom article from bylowsellhi.