August 2022
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031  
August 8, 2022

Financials Matter

"It's Not Just About Finance"

Billionaires vs The Wealthiest Man in History

With the recent rise in Tesla stock, CEO FElon Musk has been declared The Wealthiest Man in the World.

It makes me laugh.

Why?

Musk became a billionaire by selling depreciating assets, LOL!

And his companies are nothing more than a thinly veiled commercial front for the Pentagon and NASA.

The same applies to Bezos’ companies.  Only they are a front for the CIA.

FACT:  For over 20 years Amazon never turned a profit until they got their first – of many – contracts for $600 Million from the CIA.

And Zuckerberg – who, when he was in college was originally funded by the CIA – is now a front for the NSA.

That’s right.

No Spying Necessary

 

We hand the spy agencies more data about ourselves than they could ever acquire on their own.

Think I’m kidding?

Just look at how Big-Tech has taken control over the media.

And they’re IN YOUR FACE about it.

They censor whatever they want and get away with it.

Hey! What happened to the 1st Amendment?

But I digress.

Ironically (or NOT) in order to actually realize their net worth, these paper billionaires would have to sell all their assets.

And they can’t sell without creating a panic in their stock while causing it to crash…destroying their net worth along the way.

LMAO!

The Wealthiest Man in History

To illustrate this point, let’s compare these boyz with King Solomon, who was the wealthiest man in history.

From 1 Kings 10: 14-15

14 Now the weight of gold that came to Solomon in one year was six hundred threescore and six talents of gold,

15 Beside that he had of the merchantmen, and of the traffick of the spice merchants, and of all the kings of Arabia, and of the governors of the country.

Let’s do some math here.

One talent is equal to between 33-40 kg. or approximately 76 lbs.  One pound = 16 ounces. 76 X 16 = 1,200 ounces of gold.  1,200 X $1,925 (gold price) = $2, 310,000 per talent.

Six hundred three score and six (666) X $2,310,000 = $1,538,460,000 income per year.

And that’s not even counting the income from merchantmen, the traffic from spice merchants and from all the kings of Arabia and the governors.

That’s a lot of Tesla’s or Amazon Prime.

And unlike the paper billionaire boyz, Solomon never had to sell his assets.  They only increased over time.

The billionaire boyz know when the markets correct their net worth shrinks.

But it also creates opportunities for those with “ears to hear.”

Listen and learn how to prosper AND thrive in Turbulent Times in our “…In Plain English” newsletter (HERE).

It’s Not Just About Finance.

 

https://www.financialsmatter.com/newsletter/

 

***********************

Learn What
WALL STREET
Doesn't Want You To Know

With this FREE issue, you’ll also receive daily tips on how to NOT get Hustled by the Wall Street pros and much more.

Learn how Wall Street operates from the inside AND BEAT them at their own game.  

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.