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Assurance chômage - Ils l’ont fait! The 1% are the very best destroyers of wealth the world has ever seen. If wealth was the inevitable result of hard work and enterprise, every woman in Africa would be a millionaire.

The 1% are the very best destroyers of wealth the world has ever seen

The claims that the ultra-rich 1% make for themselves – that they are possessed of unique intelligence or creativity or drive – are examples of the self-attribution fallacy. This means crediting yourself with outcomes for which you weren't responsible. Many of those who are rich today got there because they were able to capture certain jobs. This capture owes less to talent and intelligence than to a combination of the ruthless exploitation of others and accidents of birth, as such jobs are taken disproportionately by people born in certain places and into certain classes.

In Graphics: What Is a Stock? Is America Out Of Gold? For more than 50 years, Germany has kept a vast portion of its immense gold reserves – some 54,000 bars, worth billions of dollars – in a NY Federal Reserve Bank.

Is America Out Of Gold?

But when the Germans last month demanded their gold be returned – a decision that rocked global financial markets – the Fed balked. What’s worse, when Germany requested a full inspection and audit of their reserves, they were strongly denied.