Benjamin Fulford: Weekly Geo-Political News and Analysis
Let’s take a look at some more numbers that prove this. From January to October of this year worldwide, $339 billion has been put into bonds and $208 billion has been taken out of stocks, and yet the stock market keeps hitting record highs. That’s because since 2009, institutional investors and households have taken $1.9 trillion out of the stock market while corporations, using private central bank funny money, have bought $3.6 trillion of their own shares.
Plus, according to the Wall Street Journal, 97% of listed companies are not using Generally Accepted Accounting Principles (GAAP) in releasing their profits, meaning basically they are cooking their books.
Coca Cola is a good case study. To quote from The Daily Bell:
“If we just go back a few years to 2010, Coca Cola’s annual revenue was $35 billion. By 2018 the company’s annual revenue had fallen to less than $32 billion. In 2010, Coca Cola generated $5.06 in profit (earnings) per share. In 2018, just $1.50. And Coca Cola’s total equity, i.e. the ‘net worth’ of the business, was $31 billion in 2010. By 2018, equity had fallen to $19 billion. So over the past eight years, Coca Cola has lost nearly 40% of its equity, sales are down, and per-share earnings have fallen by 70%. Clearly the company is in far worse shape today than it was eight years ago. Yet Coke’s share price has nearly DOUBLED in that period.”