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As World Enters Depression, Jeff Bezos Could Become First-Ever Trillionaire

For mega-billionaires like Amazon founder and CEO Jeff Bezos – the richest man on the planet– the health crisis has only made them richer.

Elias Marat

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(TMU) – For most people across the world, the coronavirus pandemic and ensuing lockdown measures have been nothing short of ruinous. Countless small and large businesses have faced bankruptcy while in the United States, local government budgets are in shambles while the unemployment rate is projected by Goldman Sachs to peak at 25 percent, rivaling or exceeding the worst moments of the Great Depression.

Amid the unfolding economic catastrophe, however, the wealth gap between average people and the ultra-rich has widened drastically. For mega-billionaires like Amazon founder and CEO Jeff Bezos – the richest man on the planet whose net worth is estimated at $143 billion  – the health crisis has only made them richer.

And now, the Amazon founder is slated to likely become the world’s very first trillionaire, according to business software comparison platform Comparisun.

The site’s projection shows that Bezos is likely to achieve trillionaire status by 2026, when he will be 62 years old. Comparison based their projection on the average percentage of yearly growth over the past five years, which was then applied to future years.

According to the company’s figures, Bezos’ net worth has grown by an average of 34 percent over the last five year. In the last year alone, Bezos’ worth has grown by over $28 billion.

Amazon has been thriving during the pandemic, with shoppers flocking to online shopping platforms due to the unavailability or inherent risks of in-person shopping at brick-and-mortar retail spaces, which had been struggling to compete with Amazon even before the novel coronavirus outbreak.

As a result, Amazon share prices have increased – greatly benefiting Bezos, who has an 11.2 percent stake in the company. Additionally, Bezos sold $3.4 billion in shares precisely before their value tanked in March due to fears over the spread of COVID-19.

The discussion of Bezos’ potential trillionaire status also comes as Amazon employees have launched protests and strikes over their safety as they continue working through the pandemic. On May 1, workers held a one-day strike demanding “adequate protection in the workplace” and an end to the harassment and firing of organizers in company warehouses.

News about Bezos potentially becoming a trillionaire in 2026 has riled up online communities on Twitter and other social media platforms, with users pointing to the expanding economic and financial suffering of people while Bezos rakes in billions.

Twitter @Thomas_A_Moore wrote:

“Jeff Bezos is about to become the world’s first trillionaire while we’re about to enter a depression.”

While the popular account “The Tweet Of God”, which humorously pretends to be the official Twitter account of the Abrahamic deity, wrote:

I have a plan to save the world but it requires borrowing money from Jeff Bezos.”

https://twitter.com/TheTweetOfGod/status/1260973226458353665

Twitter user “The Volatile Mermaid” asked:

“If Jeff Bezos makes $2500 per second and is traveling west at 35 MPH and Mark Zuckerberg makes $1500 per second and is traveling north at 50 MPH, how long will it take before you can pay off your student loans?”

https://twitter.com/OhNoSheTwitnt/status/1260970671586381824

Amazon was conceived by Bezos in 1994 as an “everything store” where users could buy everything from books to music and DVDs. The disruptive company quickly expanded its operations in the ensuing years, largely rendering traditional booksellers both large and small obsolete and becoming an e-commerce giant selling everything from furniture to groceries and its own lines of clothing, electronics and office equipment, among other basic consumer goods.

The company is also the world’s largest internet hosting firm through its cloud computing platform, Amazon Web Services (AWS), which was launched in 2006. The private cloud platform has provided web hosting to clients ranging from Dropbox to the Central Intelligence Agency, as well as helping form the “backbone” for Department of Homeland Security – Immigration and Customs Enforcement (DHS-ICE) deportation operations.

Bizarre

Video Showing UFOs Swarming Navy Warship is Real, Pentagon Confirms

Elias Marat

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Late last month, reports emerged that a number of U.S. Navy guided missile destroyers sailing off the coast near Los Angeles encountered a swarm of strange unidentified flying objects or drones in 2019. While Navy investigators looked into the strange incident, no explanation has since been given.

However, new footage has been leaked to documentary filmmaker Jeremy Corbell that shows the strange flying objects swarming above one of the ships, and the Pentagon has confirmed that the videos are authentic.

“I can confirm that the referenced photos and videos were taken by Navy personnel,” a Department of Defense spokesperson told Futurism.

In the brief footage, which appears to have been recorded with night vision cameras, triangular or pyramid-shaped objects can be seen hovering above the deck of a Navy destroyer.

According to Corbell, the Pentagon has gone to great lengths to disavow any connection to the swarming UAVs.

“This was taken on deployment from the USS Russell,” Corbell told Mystery Wire. “It shows what they described as vehicles. And they made a great distinction. They made sure in this classified briefing, they made a great distinction that this is not something that we own either a black project, this is not something of a foreign military, that these were behaving in ways that we did not expect.

“And that they were you know shaped non aerodynamically,” he added. “Like pyramids, these are flying pyramids!”

The video, as well as a number of photos from the incident, have all been gathered by the Unidentified Aerial Phenomena Task Force, a group tasked with investigating encounters between the different service branches of the U.S. Armed Forces and a number of unidentified flying objects.

While officials have been baffled by the unknown flying objects, in recent years the Pentagon has been more vocal about past encounters, which they describe as having been frequent. Officials have also discouraged the use of the acronym “UFOs,” instead opting to describe them as unidentified aerial phenomena or UAPs.

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Bizarre

Prince Philip Joke About Reincarnating as Deadly Virus to ‘Solve Overpopulation’ Resurfaces

Elias Marat

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The Friday announcement of the death of Prince Philip elicited a range of reactions on social media, with some users eulogizing the late royal while others used the occasion to heap mockery upon the British monarchy.

However, others also shared an old quote from the Prince Philip where he bizarrely suggested that after he died, his wish would be that he is reincarnated as a deadly virus in order to help solve the so-called problem of overpopulation.

The decidedly anti-social quote was taken from a 2009 article published by The Guardian that listed out a number of controversial and generally distasteful quotes from the Queen’s husband on various subjects.

The full quote read: “In the event that I am reincarnated, I would like to return as a deadly virus, to contribute something to solving overpopulation.”

Tweeting a screenshot of the quote, user Riya said: “WHAT THE F*CK.”

While others replied to the misanthropic quote with a reference to the ongoing pandemic:

The Daily Express notes that the quote originates from a joking comment about deadly viruses that the prince made in a 1988 interview with Deutsche Press-Agentur. The quote was also widely shared during the initial outbreak of the novel coronavirus.

Buckingham Palace announced the death of Prince Philip, royal consort to Queen Elizabeth II, on Friday morning.

“It is with deep sorrow that Her Majesty The Queen announces the death of her beloved husband, His Royal Highness The Prince Philip, Duke of Edinburgh,” the announcement read. “His Royal Highness passed away peacefully this morning at Windsor Castle.”

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Animals

As Marine Life Flees the Equator, Global Mass Extinction is Imminent: Scientists

Elias Marat

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The waters surrounding the equator are one of the most biodiverse areas in the globe, with the tropical area rich in marine life including rare sea turtles, whale sharks, manta rays, and other creatures.

However, rampant rises in temperate have led to a mass exodus of marine species from the sensitive region – with grave implications for life on earth.

While ecologists have long seen the thriving biodiversity of equatorial species holding constant in the past few centuries, a new study by Australian researchers published in The Conversation has found that warming global temperatures are now hitting the equator hard, potentially leading to an unprecedented mass extinction event.

The researchers from the Universities of Auckland, Queensland, and the Sunshine Coast found that as waters surrounding the equator continue to heat up, the ecosystem is being disrupted and forcing species to flee toward the cooler water of the South and North Pole.

The massive changes in marine ecosystems that this entails will have a grave impact not only on ocean life – essentially becoming invasive species in their new homes –  but also on the human livelihoods that depend on it.

“When the same thing happened 252 million years ago, 90 percent of all marine species died,” the researchers wrote.

To see where marine life is headed, the researchers tracked the distribution of about 49,000 different species to see what their trajectory was. The global distribution of ocean life typically resembles a bell curve, with far fewer species near the poles and more near the equator.

However, the vast alteration of the curve is already in motion as creatures flee to the poles, according to a study they published in the journal PNAS.

These changes augur major disruptions to global ecosystem as marine life scrambles in a chaotic fight for food, space, and resources – with a mass die-off and extinction of creatures likely resulting.

The research underscores the dire need for human societies to control rampant climate change before the biodiversity and ecological health of the planet is pushed past the point of no return.

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