19 November 2014 (10:05 UTC-07 Tango)/26 Muharram 1436/28 Aban 1393/27 Yi-Hai 4712

The new phenomenon of ultra wealth is being tracked by the elitist think tank Wealth-X, and the elitist Swiss bank UBS.  They’ve just released the result of their latest survey, which shows the 1% have a new threat known as the .004%, or New World Ultra Wealthy.

Here’s the basic breakdown:

0.004% of the World’s population now controls 13% of global society’s wealth.

While the working class continue to see their earning and spending power decline, the Ultra Wealthy saw their wealth increase by 6% in 2013.  This is more proof of where all the World’s wealth (specifically money-currency) is going.   Another way to look at the Ultra Wealthy is that they are nothing more than money hoarders.

The United States is home to most of the World’s Ultra Wealthy.

South American countries experienced the biggest decline in Ultra Wealthy individuals.  (is this due to a more fair distribution of wealth?)

The majority of Ultra Wealthy men are “self made” (eugenicist Bill Gates is the top Ultra Wealthy man in the U.S., followed by job killer Warren Buffet).  The majority of Ultra Wealthy women inherited their wealth.

The Ultra Wealthy spend an average of $1.1-million USD per year on luxury items.  Luxury items are not things which require mass production, thus creating a lot of jobs.  In other words, the spending habits of wealthy people only benefit an extreme minority of workers, rendering the concept of trickle down economics impotent.

And if you think you need a university education think again.  12% of the Ultra Wealthy have no more than a 12th grade level of education. But if you are going to go to university make it Harvard, that’s where the overwhelming majority of the ultra rich in the United States got their ‘education’.

See the Wealth-X report here.