Read the story here. Advertise at Before It's News here.
Profile image
By Philstockworld (Reporter)
Contributor profile | More stories
Story Views
Last hour:
Last 24 hours:

Davos Drives Dollar Down – Markets Pop

% of readers think this story is Fact. Add your two cents.

Down 1%.  

That’s a huge move for the Dollar and it’s only 7am.  The 2022 World Economic Forum kicked off this morning in Davos, Switzerland for the first time in 2 years as the World’s rich and powerful took a pass on getting together at the height of Covid.  With nothing else to do, the World’s Top 10 richest people got 100% richer and, Globally, Billionaires gained $5,000,000,000,000 during the pandemic – in case you are wondering what happened to all that stimulus money the Government borrowed on your behalf.

Now the rich and powerful are back at Davos with a sense of urgency – as people are starting to talk about taxing them as tens of millions of people have fallen into EXTREME Poverty in order for the Wolrd’s 2,668 Billionaries to get $1.874Bn richer – EACH!  

“The last two years have dramatized and clarified what has been true for some time now, which is an elite plutocratic class is not just leaving the rest of the world behind, but is thriving precisely by stepping on the necks of everybody else,” said Anand Giridharadas, author of the book “Winners Take All: The Elite Charade of Changing the World.”

There’s a notable absence of Russian Oiligarchs at this year’s convention.  At last year’s virtual event, Putin was a featured speaker…  Putin and everyone with an oil well is certainly getting their $1.8Bn with oil over $110 this morning and Gasoline (/RB) at $3.70 wholesalre (just under $5 at the pump, USA average).  I’m starting to hear more and more people say “that’s an expensive drive” when talking about vacation plans.

Kristalina Georgieva, IMF managing director, said Russia’s invasion was “devastating lives, dragging down growth and pushing up inflation”, and urged countries not to “surrender to the forces of geoeconomic fragmentation that will make our world poorer and more dangerous”.

European nations are still debating whether or not to go ahead and boycott Russian Oil, which could send prices as high as $8-10 at the pump this Summer in the

Provided courtesy of Phil’s Stock World.

To read the rest of this article now, along with Phil’s live intra-day comments, live trading ideas, Phil’s market calls, additional member comments, and other members-only features – Come to the winning side at Phil’s Stock World by clicking here.

To sign-up for a free trial membership, click here.


Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world.

Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.

"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.

Please Help Support BeforeitsNews by trying our Natural Health Products below!

Order by Phone at 888-809-8385 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Order by Phone at 866-388-7003 or online at M - F 9am to 5pm EST

Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!

HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.

Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.

MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)

Oxy Powder - Natural Colon Cleanser!  Cleans out toxic buildup with oxygen!

Nascent Iodine - Promotes detoxification, mental focus and thyroid health.

Smart Meter Cover -  Reduces Smart Meter radiation by 96%! (See Video).

Report abuse


    Your Comments
    Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

    Total 1 comment
    • Theosophist

      Thumb down to ANY PRETEND article that is really a covert attempt to get you to buy your Phil’s Stock World subscription.


    Load more ...




    Email this story
    Email this story

    If you really want to ban this commenter, please write down the reason:

    If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.