The Madness Chronicles’ 37th episode will focus on the craziness that comes with getting rich during a the pandemic. Be aware that madness is a state of being mentally ill, exhibiting severe reckless as well as a type of chaos or frenzied activity. Let’s take a look at the pandemic madness profits.
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Keep in mind that millions of people have lost their jobs, businesses all over the world have been shut down and restaurants shuttered. Some people are able to create gold from the sour lemons that everyone else around the world is enjoying with the help of draconian lockdowns.
Take Elon Musk as an example. A young entrepreneur, a billionaire entrepreneur and the creator of Tesla. You know the fancy electric car that has the battery, which costs more than other cars. ZeroHedge reports Musks net worth quadrupled over the past year, reaching more than $100 billion. This is a huge sum regardless of how you put it. It’s pretty impressive, wouldn’t you think?
Well, just like everything in 2020, this one seems a bit off. While Tesla has proven to be profitable, an examination of the cover shows a strange 2020 narrative. Tesla has amassed a staggering $5.6 billion of debt between 2010 through 2020. Are there Tesla profits? Yes, of course however it seems that they’re through the sale of’ regulatory credits’. They made $397 million last year. Their earnings came from’regulatory credit’, not the new Teslas.
This is just speculation on my behalf However, Musk is using the same accounting firm Dr. Tony Fauci and the CDC employ to calculate Wuhan deaths due to the virus. How do you market regulatory credits? However, Elon Musk is now the second-richest man in the world, behind Amazon’s Jeff Bezos.
When we talk about Bezos, Forbes reports that since the pandemic started, Bezos’ fortunes have been boosted to over $230 billion, and jumped over $90 billion during the course of the outbreak. Remember that’s billion with a letter B. Others billionaires didn’t have the same luck. Take Microsoft co-founder, philanthropist and self-proclaimed vaccine guru, Bill Gates. Their total wealth grew by a mere 20% to $118 billion, which puts his total wealth at $118 trillion as of March. Gates was the one who was the deer in the headlights, however Mark Zuckerberg, Facebook co-founder had a better time with an 85% increase to $101.2 billion.
Overall the United States is home to 644 billionaires. The market must be as fickle as the virus because the wealth of billionaires grew almost $1 trillion. The 644 individuals are currently worth $3.88 trillion. That’s with the letter T. Their fortunes increased by a staggering $934 billion during the pandemic. They have an average net worth of $3.88 trillion. This is almost twice the $2.1 trillion that was the bottom half of the population, who’s net worth was in decline.
It turns out that pandemics are not funny. This would be the third major pandemic I have witnessed in my lifetime as per the CDC. The first two were unknown to me, and now we’re dealing with the third. It is possible to contract the virus if your church comes to you, but not if you go to Walmart. It must have the same effect on financial fortunes. Some uncountable billionaires earn a fortune. The majority of them remain waiting at traffic light. It’s been an interesting year for 2020.
May we wake from this chaos before it’s late. I wish you a healthy and happy life, and until next time, have fun take a break, have a blast, and watch out for the craziness that is sweeping through our society. We’re in 2020, and things are going way out of hand.
Ed Kugler, a former Fortune 50 executive and Marine Scout Sniper during Vietnam War, is the author of many books. Dead Center – A Marine Sniper’s Two Year Odyssey during the Vietnam War, Obamunism and Firefights of the Mind. Also, Through the Darkness Comes the Light. He is the current president of the Last Chance Patriots, a group of people who are united in their efforts to restore sanity to their state.