The “Rich-cession” is here. For the first time in decades, the top 1% are losing wealth at record rates. But why is this happening now? In this video, we uncover the silent financial slaughter of the ultra-wealthy in 2025.
From the collapse of the “Buy, Borrow, Die” strategy to the $3 Trillion Commercial Real Estate apocalypse, we dissect exactly how the mighty are falling. We’ll look at why “High Earners, Not Rich Yet” (HENRYs) are drowning in debt, the insurance crisis destroying property values, and why the “Silver Splitters” divorce wave is wiping out dynastic wealth.

The Debt Trap: Why high interest rates killed the “Buy, Borrow, Die” loophole.

Real Estate Crisis: Why office towers and mansions are becoming worthless liabilities.

Lifestyle Inflation: The hidden costs of being “uninsurable” in 2025.

The Clawback: How divorce and global tax dragnets are seizing assets.

Desperation: Why white-collar fraud is skyrocketing among the elite.

If you think you have it bad, wait until you see the balance sheet of your “rich” neighbor.

In 1970 Louis Rukeyser started the popular Public Broadcasting Service (PBS) series Wall Street Week, produced by Maryland Public Television, a PBS member station, at its facilities in Owings Mills, Maryland. The show ran for 32 years, reaching its ratings peak in the mid-1980s. Rukeyser took pride in creating the first television show which focused on Wall Street, using a combination of erudition, plainspokenness, and panache to make the arcane workings of the stock market and the economy better known to the public. In 1987, Wall Street Week was parodied in an episode of Saturday Night Live.

By the 1990s, Wall Street Week faced increasing competition from rivals like CNBC. In 2002, network executives wanted to replace him with a younger host to help boost ratings. MPT executives offered him a five-minute segment on a newly retooled version of the show; Rukeyser declined. In his final episode, which was broadcast live, he deplored the decision of Maryland Public Television’s management and urged viewers to write their PBS stations and clamor for the new financial program he would soon create. Maryland Public Television fired him immediately after the broadcast. After Rukeyser’s departure, the series was renamed Wall Street Week with Fortune and co-hosted by the editorial director of Fortune magazine, Geoffrey Colvin, along with Karen Gibbs, a former senior business correspondent on the Fox News Channel. But without Rukeyser, the show’s ratings fell and Maryland Public Television cancelled the show in June 2005.

Measured at market exchange rates, China’s GDP was $18.3 trillion in 2022, 73 percent of the GDP of the United States and 10 times more than the 7 percent of US GDP it registered in 1990. China’s per capita income is now roughly $13,000, approximately 17 percent of US per capita income—compared with less than 2 percent in 1990. Over the past decade and a half, China has been the main driver of the world’s economic growth, accounting for 35 percent of global nominal GDP growth, while the United States accounted for 27 percent.

China’s economic performance has relied largely on investment growth financed by an inefficient banking system. This pattern intensified after the global financial crisis that began in 2008. Increased investment accounted for about two-thirds of GDP growth during 2009–10. Because China is a labor-rich economy and has a capital-to-labor ratio much lower than that of advanced economies, more rather than less investment is probably desirable. However, much of the investment has been driven by the public (state) sector rather than the nongovernmental sector. This is not inherently a problem. Investment in private sector firms, especially smaller ones, can be much riskier than in large, state-owned enterprises. But in China, state-owned enterprises, which collectively receive a disproportionate share of bank credit, typically have not generated strong returns on those investments.

Pros:

Potential for High Returns: Some NFTs have experienced rapid appreciation in value, leading to significant profits for early investors. High-profile sales have generated media attention and attracted more interest to the NFT market.

Ownership and Authenticity: NFTs provide a unique way to establish ownership and prove the authenticity of digital assets, which is crucial in the digital age where copying and piracy are rampant.

Diverse Investment Opportunities: NFTs cover a wide range of assets beyond just digital art, including music, virtual real estate, collectibles, virtual goods, and more. This diversity allows investors to choose from various niches that align with their interests.

Global Market Access: The NFT market is accessible to people around the world, allowing investors to engage with artists and creators from different cultures and backgrounds.

Cons:

Volatility and Speculation: The NFT market is highly speculative and can be extremely volatile. Prices can swing dramatically over short periods, leading to significant losses for investors who do not time their trades well.

Lack of Regulation: The NFT market is relatively new and lacks comprehensive regulation, which could expose investors to potential scams, fraud, or legal issues.

Bubble Risk: Some experts have raised concerns about a potential NFT bubble, where prices are driven more by hype and speculation rather than actual value. If the bubble bursts, many NFT investments could lose substantial value.

Digital Ownership Concerns: While NFTs provide proof of ownership for digital assets, the concept of owning a digital file can be challenging to grasp for some investors. Additionally, ownership of an NFT doesn’t necessarily translate to full copyright control over the underlying content.

Environmental Impact: Many NFTs are created and traded on blockchain networks that consume a significant amount of energy. This has raised environmental concerns and criticism about the carbon footprint of NFTs.

Liquidity and Market Fragmentation: While some NFTs are highly liquid, others may have limited trading volumes and lower demand, making it challenging to sell or exit positions quickly.

Market Saturation: The NFT market has seen explosive growth, resulting in a flood of new NFTs being minted. This saturation can make it difficult for individual NFTs to stand out and appreciate in value.

In conclusion, investing in NFTs can be a potentially lucrative endeavor, but it comes with significant risks due to the speculative nature of the market, lack of regulation, and other challenges. It’s important for investors to conduct thorough research, diversify their portfolio, and only invest funds they can afford to lose.

This is an interesting and honest comparison of how new electric a vehicle compares to new gas vehicle when looking at total cost of ownership. It made me thankful for 15 and 20-year-old Toyota’s that are affordable to buy and seem to last forever.
Two years ago, my son bought a 2001 Toyota Camry LE, for $1,400 cash, with 186k on it and it does not burn oil and the AC is still ice-cold. He has not had any accidents with his car so, he pays $68 per month for full coverage. His 4-cylinder Camry LE gets 29 MPG highway mileage. I have pondered the idea that owning an older vehicle (that, has a reputation for lasting forever, cost little enough to purchase without a car loan, and costs less to insure) could possibly be a better deal than owning a new vehicle with car payments and even a new fully electric vehicle as well. I guess one thing that keeps my son’s cost of ownership low is my son and I do DIY maintenance an repairs ourselves. But, I think it is a privilege to be able to afford a new vehicle and new vehicles provide a sense of confidence and security when doing long road trips. So, I’m not putting down buying new. But very reliable used vehicles can be a cost effective path in car ownership.

From the research we’ve done with industry, we’ve established three primary themes that will be highlighted within the plenary sessions, and then throughout the three day agenda. We are keen to hear your thoughts on these themes in advance of us launching the agenda. These include:

Redefining the Mining Value Chain, and the Whole-of-Industry’s Role in the Global Energy Transition,

Creating Social Value and Environmental Resilience that Supports Shared Prosperity,

Supporting the Mining Innovation Ecosystem of the Future: Technological, Social and Collaborative Innovation.

In celebrating 10 years of IMARC and industry in 2023, we wish to reflect on the progress the industry has made, and the new directions that miners, METS, Governments, and its value chain partners are embarking on to prepare for the future. How the industry will operationalise its Net Zero targets and support the critical minerals’ supply of the future, how it continues to review its commitments to ESG and shared prosperity, and how innovation and collaboration will foster growth and development, are all vital for the industry’s future.

In the below videos from the International Mining and Resources Conference in 2022, we provide you with forward-thinking views on future investments, financing trends, and practical insights on smart mining to support the industry going forward. You can expect the new agenda to complement these views in 2023.

If you’re at PDAC next week, our Conference Director, Sherene Asnasyous would look forward to discussing these themes with you further, and hearing how you can contribute to the Australia’s largest mining event.

Five years ago today was the FB IPO, and this was the scene the night before. Oddly, we're not all still on speaking terms. pic.twitter.com/cEJpumgEqF

— Antonio García Mtez. (@antoniogm) May 18, 2017

Compared to last year, Denmark made progress in all but one dimension. Denmark made outstanding progress in the use of digital technologies by enterprises and citizens, leading the EU and the world rankings.

“Denmark is one of the most creative and innovative countries in Europe and has fostered global success companies such as Skype, Unity, Trustpilot, Zendesk, Momondo, JustEat and Vivino. Denmark is pushing a progressive digitisation agenda in the public sector and making data accessible for companies, which makes Greater Copenhagen a leading hotspot for innovative tech startups and smart city solutions”, says Claus Lønborg, CEO, Copenhagen Capacity.

Also, it is the sixth time in a row when Denmark takes the top spot among the European countries in Ease of Doing Business Index. Worldwide, Denmark ranks number three, outperforming its Nordic fellow countries; Norway (no. 6), Sweden (no. 9) and Finland (no. 13).

The World Bank ranks Denmark as number one in Europe and number three in the world in the just released 2017 Ease of Doing Business Index, ranking 190 nations worldwide.

“The World Bank ranking confirms that Denmark offers one of the world’s most dynamic and attractive business environments. Greater Copenhagen offers innovative companies and industry clusters, a highly skilled workforce, very competitive taxes and business costs, and a famously flexible labour market”, says Claus Lønborg, CEO, Copenhagen Capacity who assists foreign investors, businesses and talent in setting up and growing their business in Greater Copenhagen.

Easy trading across borders and flexible labour market regulation
Denmark scores top on the Trading Across Borders indicator, ranking time and cost to export and import. The country also performs very well on Dealing with Construction Permits (no. 6), Paying Taxes including ease of administrative burdens (no. 7), Resolving Insolvency (no. 8) and Registering Property (no. 12). Denmark’s flexible labour market regulation with a non-regulated approach to fixed-term contracts and no restrictions on overtime work.

Europe’s 10 easiest countries for business:
Denmark (no. 3 globally)
Norway (no. 6 globally)
United Kingdom (no. 7 globally)
Sweden (no. 9 globally)
Macedonia (no. 10 globally)
Finland (no. 13 globally)
Germany (no. 17 globally)
Ireland (no. 18 globally)
Austria (no. 19 globally)
Iceland (no. 20 globally)

About the Doing Business 2017
Doing Business 2017 is the 14th in a series of annual reports, benchmarking the regulations that affect private sector firms, in particular small and medium-size enterprises. The report presents quantitative indicators on 11 areas of business regulation for 190 economies. Ten of these areas are included in this year’s ranking:

Starting a business
Registering property
Trading across borders
Getting credit
Dealing with construction permits
Getting electricity
Protecting minority investors
Paying taxes
Enforcing contracts
Resolving insolvency.

This press release is distributed by Copenhagen Capacity.

The Plan between now and the Property Buyer Expo 2017, is to continue to deliver more insights from key speakers, exhibitors, and media partners. If you missed or would like to watch some of the presentations again, please see the Facebook page and once a month we will post updates on where and how you can watch presentations from speakers Andrew Wilson, Margaret Lomas, Chris Gray, Ben Kingsley and others.

Visitors to the Property Buyer Expo had access to the knowledge and insights of over 25 different speakers, and all left the expo educated on the futures of the property market and with ways to invigorate their property portfolios.

Over 60 exhibitors attended the 2016 Sydney Property Buyer Expo, providing visitors with access to a wide range of services ranging from advice, renovation, and conveyancing, to lending, portfolio management, and sales.