On the Brink of A Global Trade War

Mr. Donald J. Trump, Esq.
president of the U.S.A.

The president of the United States of America, Donald J Trump, this morning announced that the European Union (amongst them the Kingdom of Southern Charm), Canada and Mexico would no longer be exempt from tariffs on imported steel (25%) and aluminum (10%).

The European Union, Canada and Mexico have retaliated with raising duties on imported American products. We are now at the brink of a trade war that can potentially have massive effects on the world's economy and could - if it continues to escalate - lead to a global financial crisis. 

Similar protectionist measures led to The Great Depression in the 1930's.

The Much Honored Bock McMillan,
laird of Southern Charm

The Much Honored Bock McMillan, laird of Southern Charm, prince of Cascade Falls, Sovereign Ruler of the Commonwealth of the Southern Enchantment Region and Outer Territories and finally UN appointed Protector of the Mount Whitney sim in SecondLife, in an attempt to calm the worried princes and princesses of the nation, announced that he was working tirelessly with other world leaders to prevent the crisis from deteriorating further.

$3,650

"The richest 1% of the world’s population are getting wealthier, owning more than 48% of global wealth, according to a report published on Tuesday which warned growing inequality could be a trigger for recession.

According to the Credit Suisse global wealth report (pdf), a person needs just $3,650 – including the value of equity in their home – to be among the wealthiest half of world citizens. However, more than $77,000 is required to be a member of the top 10% of global wealth holders, and $798,000 to belong to the top 1%.

“Taken together, the bottom half of the global population own less than 1% of total wealth. In sharp contrast, the richest decile hold 87% of the world’s wealth, and the top percentile alone account for 48.2% of global assets,” said the annual report, now in its fifth year." the.guardian.com: Richest 1% of people own nearly half of global wealth, says report

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A net worth of $3,650, €2,859 or SEK26,214 doesn't really sound like that much, does it?

The fact that this low amount of wealth places you securely among the 50% richest people in the world is a scary and sobering thought.