By the way, Gary Stevenson's net worth is estimated to be around $3.6 billion.
He's economist, who is very successful as a trader, because he predicted a trend of a continuous transfer of wealth from the poor and middle class, to the rich and the wealthy. He anticipated Economic Stagnation, caused by low consumer demand, caused by wealth inequality, which would keep interest rates suppressed.
When you can anticipate a trend, you can invest accordingly and make a lot of money.
He made money from knowing that WE ALL would suffer. That's pretty scummy,
but he didn't CAUSE it, he just took advantage of it.
However, he didn't see the trend ending or slowing down, and he was getting worried.
He started sounding an alarm: expect a serious crash, fiscal strain, and social fallout, unless governments act with bold redistribution through wealth taxes.
Stevenson predicts not just another downturn, but a long-term implosion of the financial system and middle class, which he frames as irreversible unless foundational changes are made. He has been warning about it since 2020.