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The Startling Link Between Globalisation and Bank Fraud
“We apologize for the inconveniences, but this is a
revolution.” – Subcomandate Marcos, January 1, 1994
As a history buff, I recently started to re-read a book of
essays from Zapatista leader Subcomandante Marcos that I read more than 8 years
ago. I was struck by the prescience of Subcomandante’s essays. Even when he
seemed to offer no predictions for the future, more than a decade later, many
of his arguments, though he offered them with Mexico in mind, remain remarkably
applicable to the state of the Western financial world today. His following
essay, “The Fourth World War Has Begun” originally appeared in Le Monde
Diplomatique in September of 1997. It is a critically important essay because
12 years later, the intimate link that Marcos speaks of between globalization
and the fraud of our global banking system has now in 2010, washed upon our
shores. It is further an important essay because the citizens of many Western nations may soon be engaging in the same morality battles against the financial oligarchs that Marcos has engaged in on behalf of the citizens of his country.
When Portuguese novelist and Nobel Prize winner Jose
Saramago visited Chiapas, Mexico to meet with Subcomandante Marcos, he stated:
“The issue that is being fought out in the mountains of Chiapas extends beyond
the frontiers of Mexico. It touches the hearts of all those who have not
abandoned their simple demand for equal justice for all.”
Here are excerpts from this important but forgotten essay
below.
The struggle over [new markets] is leading to a New World
War – the Fourth. Like all major conflicts, this war is forcing national states
to redefine their identity. The world order seems to have reverted to the earlier
epochs of the conquests of America, Africa and Oceania – a strange modernity.
The twilight years of the twentieth century bear more of a resemblance to the
previous centuries of the barbarism than to the rational futures described in
science fiction novels.
Vast territories, wealth and, above all, a huge and
available workforce lie waiting for the world’s new master but, while there is
only one position as master on offer, there are many aspiring candidates. And
that explains the new war between those who see themselves as part of the
"empire of good".
Unlike the third world war, in which the conflict between
capitalism and socialism took place over a variety of terrains and with varying
degrees of intensity, the fourth world war is being conducted between major
financial centres in theatres of war that are global in scale and with a level
of intensity that is fierce and constant…
Are megalopolises replacing nations? No, or rather not
merely that. They are assigning them new functions, new limits and new
perspectives. Entire countries are becoming departments of the neoliberal
mega-enterprise. Neoliberalism thus produces, on the one hand, destruction and
depopulation, and, on the other, the reconstruction and reorganisation of
regions and nations.
Unlike nuclear bombs, which had a dissuasive, intimidating
and coercive character in the third world war, the financial hyperbombs of the
fourth world war are different in nature. They serve to attack territories
(national states) by the destruction of the material bases of their sovereignty
and by producing a qualitative depopulation of those territories. This
depopulation involves the exclusion of all persons who are of no use to the new
economy (indigenous peoples, for instance). But at the same time the financial
centres are working on a reconstruction of nation states and are reorganising
them within a new logic: the economic has the upper hand over the social…
In this new war, politics, as the organiser of the nation
state, no longer exists. Now politics serves solely in order to manage the
economy, and politicians are now merely company managers. (emphasis mine)
The world’s new masters have no need to govern directly.
National governments take on the role of running things on their behalf. This
is what the new order means - unification of the world into one single market.
States are simply enterprises with managers in the guise of governments, and
the new regional alliances bear more of a resemblance to shopping malls than
political federations. The unification produced by neoliberalism is economic:
in the giant planetary hypermarket it is only commodities that circulate
freely, not people.
Injustice and inequality are the distinguishing traits of
today’s world. The earth has five billion human inhabitants: of these, only 500
million live comfortably; the remaining 4.5 billion endure lives of poverty.
The rich make up for their numerical minority by their ownership of billions of
dollars. The total wealth owned by the 358 richest people in the world, the
dollar billionaires, is greater than the annual income of almost half the
world’s poorest inhabitants, in other words about 2.6 billion people. (My
comment: This inequality has only become more magnified since 1997. This CBPP
study illustrates that the top 1% of all Americans captured 67% of the
increases in income in the US between 2002 and 2007 and the richest 0.1% of
American households captured 12.3% of the entire US income during this same
time period.)
The progress of the major transnational companies does not
necessarily involve the advance of the countries of the developed world. On the
contrary, the richer these giant companies become, the more poverty there is in
the so-called "wealthy" countries. The gap between rich and poor is
enormous: far from decreasing, social inequalities are growing…
One of the lies of neoliberalism is that the economic growth
of companies produces employment and a better distribution of wealth. This is
untrue. In the same way that the increasing power of a king does not lead to an
increase in the power of his subjects (far from it), the absolutism of finance
capital does not improve the distribution of wealth, and does not create jobs.
In fact its structural consequences are poverty, unemployment and
precariousness.
In the 1960s and 1970s, the number of poor people in the
world (defined by the World Bank as having an income of less than one dollar
per day) rose to some 200 million. By the start of the 1990s, their numbers
stood at two billion…
The unemployment and precarious labour of millions of
workers throughout the world is a reality which does not look set to disappear.
In the countries of the Organisation for Economic Cooperation and Development
(OECD), unemployment went from 3.8 % in 1966 to 6.3 % in 1990; in Europe it went
from 2.2 % to 6.4 %. The globalised market is destroying small and medium-
sized companies. With the disappearance of local and regional markets, small
and medium producers have no protection and are unable to compete with the
giant transnationals. Millions of workers thus find themselves unemployed. One
of the absurdities of neoliberalism is that far from creating jobs, the growth
of production actually destroys them. The UN speaks of "growth without
jobs". (My comment: in 1997, Marcos foresaw how “the absolutism of finance
capital” would create the very “jobless recoveries” that politicians incessantly speak
of today.)
But the nightmare does not end there. Workers are also being
forced to accept precarious conditions. Less job security, longer working hours
and lower wages: these are the consequences of globalisation in general and the
explosion in the service sector in particular.
All this combines to create a specific surplus: an excess of
human beings who are useless in terms of the new world order because they do
not produce, do not consume, and do not borrow from banks. In short, human
beings who are disposable. Each day the big finance centres impose their laws
on countries and groups of countries all around the world. They re-arrange and
re-order the inhabitants of those countries. And at the end of the operation
they find there is still an "excess" of people.
The nightmare of emigration, whatever its cause, continues
to grow. The number of those coming within the ambit of the United Nations High
Commission for Refugees has grown disproportionately from 2 million in 1975 to
more than 27 million in 1995.
The objective of neoliberalism’s migration policy is more to
destabilise the world labour market than to put a brake on immigration. The
fourth world war - with its mechanisms of destruction/depopulation and
reconstruction/reorganisation - involves the displacement of millions of people
(My comment: This essay should be a must read for UNHCR goodwill ambassador
Angelina Jolie.) Their destiny is
to wander the world, carrying the burden of their nightmare with them, so as to
constitute a threat to workers who have a job, a scapegoat designed to make
people forget their bosses, and to provide a basis for the racism that
neoliberalism provokes…
If you think that the world of crime has to be shady and
underhand, you are wrong. In the period of the so-called cold war, organised
crime acquired a more respectable image. Not only did it begin to function in
the same way as any other modern enterprise, but it also penetrated deeply into
the political and economic systems of nation states.
With the beginning of the fourth world war, organised crime
has globalised its activities. The criminal organisations of five continents
have taken on board the "spirit of world cooperation" and have joined
together in order to participate in the conquest of new markets. They are
investing in legal businesses, not only in order to launder dirty money, but in
order to acquire capital for illegal operations. Their preferred activities are
luxury property investment, the leisure industry, the media - and banking. (My
comment: Read this article for a view into the enormity of money laundering
activities by banks.)
Ali Baba and the Forty Bankers? Worse than that. Commercial
banks are using the dirty money of organised crime for their legal activities.
According to a UN report, the involvement of crime syndicates has been
facilitated by the programmes of structural adjustment which debtor countries
have been forced to accept in order to gain access to International Monetary
Fund loans.
Organised crime also relies on the existence of tax havens:
there are some 55 of these. One of them, the Cayman Islands, ranks fifth in the
world as a banking centre, and has more banks and registered companies than inhabitants.
As well as laundering money, these tax paradises make it possible to escape
taxation. They are places for contact between governments, businessmen and
Mafia bosses…
The world-wide power of the financial markets is such that
they are not concerned about the political complexion of the leaders of
individual countries: what counts in their eyes is a country’s respect for the
economic programme. Financial disciplines are imposed on all alike. These
masters of the world can even tolerate the existence of left-wing governments,
on condition that they adopt no measure likely to harm the interests of the
market. However, they will never accept policies that tend to break with the
dominant model. (My comment: This is precisely the reason why fiscal policy under
Bush Sr., Clinton, Bush Jr. and Obama never changes and remains remarkably
consistent despite the enormous professed differences among these Presidents.)
In the eyes of mega-politics, national politics are
conducted by dwarfs who are expected to comply with the dictates of the
financial giant. And this is the way it will always be - until the dwarfs
revolt…The third world war showed the benefits of "total war" for its
victor, which was capitalism. In the post-cold war period we see the emergence
of a new planetary scenario in which the principal conflictual elements are the
growing importance of no-man’s-lands (arising out of the collapse of the
Eastern bloc countries), the expansion of a number of major powers (the United
States, the European Union and Japan), a world economic crisis and a new
technical revolution based on information technology.
Thanks to computers and the technological revolution, the
financial markets, operating from their offices and answerable to nobody but
themselves, have been imposing their laws and world-view on the planet as a
whole. (My comment: Consider how western stock markets have been repeatedly
gamed for the past year by the computerized high frequency trading programs of
Goldman Sachs, JP Morgan, et al.) Globalisation
is merely the totalitarian extension of the logic of the finance markets to all
aspects of life. Where they were once in command of their economies, the nation
states (and their governments) are commanded - or rather telecommanded - by the
same basic logic of financial power, commercial free trade. And in addition,
this logic has profited from a new permeability created by the development of
telecommunications to appropriate all aspects of social activity. At last, a
world war which is totally total!
One of its first victims has been the national market.
Rather like a bullet fired inside a concrete room, the war unleashed by
neoliberalism ricochets and ends by wounding the person who fired it. One of
the fundamental bases of the power of the modern capitalist state, the national
market, is wiped out by the heavy artillery of the global finance economy. The
new international capitalism renders national capitalism obsolete and
effectively starves their public powers into extinction. The blow has been so
brutal that sovereign states have lost the strength to defend their citizens’
interests.
The fine showcase inherited from the ending of the cold war
- the new world order - has shattered into fragments as a result of the
neoliberal explosion. It takes no more than a few minutes for companies and
states to be sunk - but they are sunk not by winds of proletarian revolution,
but by the violence of the hurricanes of world finance. (My comment: Iceland
and now perhaps, Greece, are fine examples of this. On the horizon, Ireland,
Japan, Italy, etc.?)
The son (neoliberalism) is devouring the father (national
capital) and, in the process, is destroying the lies of capitalist ideology: in
the new world order there is neither democracy nor freedom, neither equality
nor fraternity. The planetary stage is transformed into a new battlefield, in
which chaos reigns.
Towards the end of the cold war, capitalism created a new
military horror: the neutron bomb, a weapon which destroys life while sparing
buildings. But a new wonder has been discovered as the fourth world war
unfolds: the finance bomb. Unlike the bombs at Hiroshima and Nagasaki, this new
bomb does not simply destroy the polis (in this case, the nation) and bring
death, terror and misery to those who live there; it also transforms its target
into a piece in the jigsaw puzzle of the process of economic globalisation. The result of the
explosion is not a pile of smoking ruins, or thousands of dead bodies, but a
neighbourhood added to one of the commercial megalopolis of the new planetary
hypermarket, and a labour force which is reshaped to fit in with the new
planetary job market.
The European Union is a result of this fourth world war. In
Europe globalisation has succeeded in eliminating the frontiers between rival
states that had been enemies for centuries, and has forced them to converge
towards political union. On the way from the nation state to the European
Federation the road will be paved with destruction and ruin, and one of these
ruins will be that of European civilisation.
Given the similar nature of Marcos’s numerous essays prior
to the one he wrote above, it is no wonder that a Chase Manhattan (now part of JP Morgan Chase) analyst
publicly called for the “elimination” of Subcomandante Marcos in a January 1995
memo. When the Chase memo was leaked to the public, many argued, including
present day US Representative Marcy Kaptur, that the Chase Manhattan memo was a
thinly veiled call for the murder of innocent people: “Suggesting the killing
of innocent people, throwing elections—none of this seems to bother Chase...
anyone who honestly believed that Wall Street’s hands weren’t all over ...
[U.S. policy towards Mexico] should take a good hard look at this memo.” You
can access the referenced Chase Manhattan memo here.
Marcos’s deep understanding of the complexity of
globalization issues and its intimate ties to the global banking syndicate (the
BIS, the IMF, the World Bank, Central Banks and CHIPs) is well formulated in
his above essay and proves him to be a peer of men like Gerald Celente and
Nassim Nicholas Taleb. In fact, within the bigger and more layered context of
globalization, Marcos has few peers in explaining the links of globalization
and financial fraud.
About the author: JS Kim is the Managing Director of SmartKnowledgeU, a niche wealth
consultancy firm that tirelessly analyzes the institutionalized fraud of our
financial system to consistently identify assets that have the best long-term
lowest-risk, highest-reward potential.
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Globalization = Imperialism (it's just a shiny new name tag that didn't have the baggage with it)
Same game but a new name.
Remember we went BACKWARDS when we joined in the MONETARY system and became imperialists in 1913.
LaRouche has the best answers. He's had them for years, and had them BEFORE the crisis to SOLVE the very crisis WE'RE IN.
Credit system or monetary system
Globalization (imperialism)
Or a global credit system made up of SOVERIGN nation-states that engage in trade through diplomatic agreements.
It's really pretty simple. I highly suggest reading larouchepac on a daily basis in addition to your current reading.
We can either let the system tell us one by one that we're all broke and unworthy of anything.....to the end that it encompasses everyone, or switch it.
If we switch it, we can build back up what we used to have (and haven't had for multiple generations). We really entered into our depression (although no one saw it) the day our expentitures for physical economy infrastructure (not only didn't create anything) but dropped below the amount that was needed to service and maintain it. That was 1968. We've been slicing and dicing our country and playing an ever bigger shell game Gordon Gecko style since then. Easy credit, outsourcing, lower taxes, fed printing, derivatives (especially statistical regression models) and a million other reasons have brought us to this point and also hid this ever growing physical economy deficit for 40 years.
We can either do what it takes to survive, or everything finishes its collapse. We can blame each other, or we can put in place what we need to.
The answers are there, and have been out there. Blame who you will why you haven't seen them, but they're out there. ZH does a great job of lighting the torch to truth. So does larouchepac.
Remember the HBPA of 2007 was written in.....2007. That's a KEY to understand. (we all know many saw it coming for years, even decades, but this bill was written specifically for these upcoming troubles in that year. This wasn't speculation of what would happen, this was legislation on what was about to.)
People were already telling us in JULY 2007 of the TPTB big banker meeting in Europe in JULY 2007 where they decided not to act and save the system, but let things fall as they may. Well they did, and here we are. Nice to see that ZH has stated that the collapse in reality started just after this in Aug 2007 (5th or 6th can't remember). Now humpty can't be put back together again.
There are alternatives, but before the crap hits the fan, we have to at least somewhat agree on what the problem IS. Hopefully we can switch over and begin to fix everything BEFORE the collapse. My thoughts and desires are with that approach, as probably most/all of us. (my guess is THAT is why we post)
But if we can't stop this train from crashing (which by trying to maintain it ensures the train crashes at even higher speeds), we must have the solution in hand ready to go when things do crash.
But there is definitely a role that has been abandoned, almost vilified by the right on the importance of not only free market and allowing the businesses to thrive, but gasp, the central planning by gov't that ensures businesses have the opportunity to thrive. The whole republican ideology wants only one and forgets the other as an intregal part. Now we have people screaming that anything done by the gov't represents central planning and we've all been told what central planning is....let's follow that thought....it's communism...and don't you know communism is next to atheism...and atheists don't believe in god and do the devil's work. (That thought is 60's right wing propaganda that even Goerbels would love)
Central planning doesn't mean fraud, and as we've seen the aversion of central planning in favor of corporate planning is much worse and does the same.
Also at some point the human element DOES enter the equation. One MUST allow that some fraud can occur in a free society, or a society that needs human beings to run it. That's why when someone does something illegal, you throw them in jail....not slap their wrists and give them a few billion dollar contract.
We denegrated gov't so much, that we have now come to the conclusion (some have) that gov't itself is the problem, and not imperialist policies enacted by bought and paid for politicians. (and term limits ONLY make this problem FAR WORSE). Ever seen a seasoned vet in any sport roll a rookie? If you have you'll get the picture.
Is it better to point in a direction and walk? Or is it better to know where the hell you are going and what's the best route to go to?
This isn't a case FOR central planning, it's a case WHY central planning on SOME things, or at the very least in the areas of societal need that business just won't provide because it isn't profitable for them to.
Infrastructure is better when CENTRALLY PLANNED, not toll roads or haphazard sprawl. Each business separately building their own roads. I'm sure that would look GREAT. (no bottlenecks I'm sure)
What one must realize is that the gov't has a role in planning SOME IMPORTANT ASPECTS of our lives and providing the construct, tools, laws, and ability for private businesses to thrive. It's not only preferrential, it's the ONLY way to get such things done.
You cannot be afraid of what poorly qualified individuals (or ethically challanged) will sometimes be able to do in office. You can only trust in yourself that these instances will be few and far between. You don't ban the use of government.
Like one of my favorite lines from 'The People vs. Larry Flynt'...."if a kid gets caught drinking in a tavern you don't ban budweiser".
If you have poor governance, you don't limit your options and say to yourself, hey we have too much control over ourselves and we might make a mistake. That's idiotic, but that's exactly what the republican, anti-central planning establishment would have you believe. IT'S PURE BS.
What you do is vote the bums out. You do a better job of selecting candidates, and you definitely don't let crooked politicians off the hook. You hold them to the highest standard. Optimal. Not mediocrity proclaimed to be godly. Remember in our system, the lowest rung on totem pole isn't the homeless, it's your elected official. They work for YOU. Instead we treat our president more like a king regardless of party.
Besides if one only knew that in a credit system you could provide MORE and TAX LESS and have LESS debt floating around the system....why would we be paying someone interest on things gov't can utter credit for itself for free? The repayment of the loan takes the money out of circulation and the debt is retired. Inflation is muted, no enormous debt load, and most importantly PROGRESS INSTEAD OF PAPER is made. We actually create wealth.
No more hearing we can't bulid desalinization plants for water. (let alone africa)
No more hearing we can't afford a space program.
No more hearing we can't afford maintaining our infrastructure. (which private business is dependent upon to build the required synergies for business to be profitable)
No more hearing we can't have mag lev, or nuclear power, or work towards fusion.
No more hearing of millions of outsourced jobs and they are not coming back.
No more hearing that how we got here was legitimate, our fault, and we have to accept austerity to pay back the banks that bankrupted us with their practices.
Because when ANY politician is telling you these limitations just remember it is only this way because we give bankers control of our money in our BRITISH MONETARY system, not American Credit System. Therefore, that politician, is full of S**T. Either he knows, or is utterly incompetent. What's your role? To KNOW for FACT he is FULL OF IT....and VOTE that way.
See ya later idiot republicans. See ya later corporate Obama and fellow whores. Both sections of your two respective sides are morons.
This isn't utopian, far from it. But it is workable, unlike our crashing, never to recover imperialist (globalization) system.
Be wary of self-limiting behaviors. It seems we have one giant collective nation and perhaps worldwide self-limiting behvior collective groupthink mindf**k going on.
We can switch to a working system, we can have our cake, and eat another one.
Or we can pretend we have the cake because the banker showed us the cake for a few seconds before its pulled away and never eat it.
We CAN utter credit. Remember that. If obama or republicans don't realize that, then you must realize they're USELESS. Either idiots or complicit with this disaster. You can argue about it being either one or both. Fact is, either one is enough for throwing them out in the next election/impeachment.
But whoever you replace them with, better not be as idiotic. Sadly the republicans are 100x as clueless as Obama. The dems whoring is quickly catching up so people like Kucinich are being thrown under the same bus that LaRouche has been thrown under for the past few decades. The people with answers are labeled idiots, while the people who are the idiots pretend like Geithner that he saved the world. Alice meet rabbit hole.
You didn't seriously think we just went down that hole did you? We're 40 years deep into it. Good luck everyone.
It's never who rules, it is the principles by which rules are made.
We don't need to have strict caps on the amount of money people can make in any enterprise. What we do need, are rules that buffet and shore the principles of truth, goodness, etc.
The exorbitant profits of the current global system rely on constant cheating. Cheating is not allowed. Cheating is not a legitimate way to make money. See? Disallow cheating, disallow practices that harm the nation state - such as destroying all regulation, shipping jobs overseas, etc. - and beyond that, you don't need to worry.
We don't need perfect leaders if only we have more perfect principles.
Well, yes, this whole viewpoint hangs its hat on the "new world order" theory. But even if you don't subscribe to it, the patterns they reveal are pretty clear and obvious once you get your head above the clouds and look at the whole picture. You may not agree with the explanations of shadowy behind the scenes machinations by an unnamed elite super class leading us towards doom, but something is clearly wrong.
The problem is what do you replace it with. While visions of communism or benign socialism are dancing in everyone's heads as a solution to the evils of "modern capitalism" (which doesn't seem very capitalistic to me, at least to the extent I correlate capitalism with free market), the problem is not being solved. When you have an entity centrally directing and planning economic and fiscal/monetary activities, whether you call it government, state, committee, regulator, whatever, it will be open to subversion and corruption, no matter how well intentioned it may be, or how vigilant everyone is. Always.
So if capitalism is evil, you can't replace it with something that will become just as evil in short order.
Talk of The Town about reports Corporatism (a.k.a. Neofascism) and Neoliberalism were seen shopping for a casket at Satan's "Two-In-A-Coffin" Lovebird Cemetary. The charming couple is said to have settled on a scenic plot amid the Smoking Ruins overlooking THE LAKE OF FIRE. Neolib said "We feel really lucky. It's a great location and gets a breeze in the afternoon, so it's cooler than down by the Lake." Corpo added "The plots went fast. But we ended up in one of the best neighborhoods in Hell! Alan Greenspan and Ayn Rand are right behind us, and most of the Chicago School of Economics is between us and the Lake." This reporter also heard from a reliable source that John Maynard Keynes and Milton Friedman were thinking about relocating to Lovebird and had scooped up the last plot.
Pure avant-garde theater. I love it. A GBT box-office hit!
lmao....but i fear for the neighborhood once
the bushs, geithners, paulsons and obamas move
in....
In 1858, fourteen-year-old Marie-Bernarde Soubirous, a poor child in southern France reported to have seen 18 apparitions of “a small young lady” who millions of Catholics all over the world now believe to have been delivering miraculous messages to St. Bernadette straight from Heaven.
True or false, it brings to mind a wonderment of just where Subcomandante Marcos, a man of the peasants in Mexican hills and valleys, received more than a decade ago the vision of just exactly…down to dotting the i’s and crossing the t’s…as to who rules the world.
Excerpt:
The world’s new masters have no need to govern directly. National governments take on the role of running things on their behalf. This is what the new order means - unification of the world into one single market. States are simply enterprises with managers in the guise of governments, and the new regional alliances bear more of a resemblance to shopping malls than political federations. The unification produced by neoliberalism is economic: in the giant planetary hypermarket it is only commodities that circulate freely, not people…
The nightmare of emigration, whatever its cause, continues to grow. The number of those coming within the ambit of the United Nations High Commission for Refugees has grown disproportionately from 2 million in 1975 to more than 27 million in 1995.
The objective of neoliberalism’s migration policy is more to destabilise the world labour market than to put a brake on immigration. The fourth world war - with its mechanisms of destruction/depopulation and reconstruction/reorganisation - involves the displacement of millions of people (My comment: This essay should be a must read for UNHCR goodwill ambassador Angelina Jolie.) Their destiny is to wander the world, carrying the burden of their nightmare with them, so as to constitute a threat to workers who have a job, a scapegoat designed to make people forget their bosses, and to provide a basis for the racism that neoliberalism provokes…
Thanks, JS Kim, for this incredible piece. Yes, there will be “inconveniences” and yes, there will be “revolution.”
“There are more things in Heaven and earth, Horatio, than are dreamt of in your philosophy.” ~ Hamlet
sgt doom - what on earth are you talking about relating to teh 9/11 planes? Too cryptic, and it makes you sound a bit... off. Can you explain?
Too cryptic? Not by half. It means I am not concerned with how lazy and ignorant people believe I, or anyone else, sound.
Got that? Now, if you have any neurons functioning, you will comprehend that sentence: "Check into the backgrounds of those passengers aboard those four airplanes."
Too difficult for you, dood? Certainly, it may involve too much work for some candy boy or pansy girl.
And, if you have enough of a spine, and at least three functioning neurons, the answer becomes obvious to you once you have undertaken some activity on your very own, and your momsy or dadsy didn't have to do it for you.
If I explain it to you, as it has been explained to thousands of lazy and useless halfwits before you, you will simply deny it -- as those previous elected official and fakester newsies have continued to deny the facts.
Listen real good now, off-thinker, since the Web went critical mass around 2003 or 2004, cached pages of all those data comm and EFT transmissions originating at three companies within the WTC towers became accessible online.
Hint: $2.3 trillion announced missing from DOD on 2/10/01 (along with various mission billions over previous 10 years from various federal agencies).
Hint #2: Beginning in late 2001, and continuing over next several years, offshore hedge fund growth exploded by trillions of dollars (USD).
Gee, is arithmetic too difficult for mimsy?
(Oh...sorry, chum, but thos destroyed computer systems and dead unwitting accomplices can no longer provide validation.)
For there is no defense for a man who, in the excess of his wealth, has kicked the great altar of Justice out of sight.
Aeschylus, c. 450 BC
While I appreciate this post, it is rather ancient news. After all, NAFTA came about - and was financed - by those banksters which lost money when the amounts to be reported in the American Bank Report Act was upped. All that drug cartel money fled to the Mexican banks, so (what is today) JPMorgan Chase, Citigroup, BankofAmerica, Credit Suisse FB (formerly First Boston), et al., financed and pushed through NAFTA so they could almost immediately privatize the Mexican banking system and recoup those lost drug cartel funds to be laundered (at least 90 percent of the Mexican banks were privatized by US firms less than one year after the passage of NAFTA).
The banksters have always been the criminals. Oh sure, there have been small, ethnic outfits (just like those small, ethnic grocery stores) like the Sicilian Mob, the Mafia, the Irish Mob, and today the Russian Mob, the Mexican (M-13???, sorry not current on this subject) and the Triads, the largest in actual number (and don't forget the Turkish-Bulgarian Mob).
Remeber that Iranian hostage situation during the Carter Administration. Iran had several billion on deposit with then Chase Manhattan (David Rockefeller - Carter's main political supporter), and because of the Carter administration economic freeze and sanction on Iran, they weren't able to touch those billions of dollars to pay an infinitely smaller loan installment to Chase (David Rockefeller), so Chase confiscated their funds. (Ain't the pure corruption of banksters grand?????)
I recommend Clive Owens' The International, great movie with a seriously happy end which brought tears to my eyes (hint: a bankster gets his just dues).
(Read Richard Parker's bio on John Kenneth Galbraith and Ravi Batra's Greenspan's Fraud -- both contain some historical data on that time.)
Great article!
Or....here's the plot:
Scene 1: A huge chalet in the Peruvian 'Alps' (sic)
The world's money men are gathered together for a highly confidential but revolutionary meeting to solve the global financial crisis, looking past today's relatively minor disasters, beyond to the off-balance sheet liabilities of governmental entities worldwide, rising exponentially into the quadrillions of dollars, no matter to what currency you convert it.
It has been long understood by these trillionaires that a structure has to be built under the securities markets, one that is secure and immune from all acts of nature, man and greek mythological characters.
The agreed upon solution is to provide a computer program that will only allow the world's stock market averages to fall no more than 10-15% from a certain level, let's call it S & P 1150. This will be moved up over time as the averages rise which occurs, thusly:
Should the average fall to 1153 a computer program will enter the market and place the bid under 1151. Other computers seeing this will then bid the average back up by buying the individual securities that comprise the average or ETFs.
In this manner the average will exceed 3,000 in several years, then 4,000 and on and on and on to infinity providing a safe retirement for those with pensions, insurance, annuities, and other fixed income investments.
This is admittedly a rough plot but the general outline remains:
The markets are deemed TBTF ever again, assuring the trillionaires their fortunes, and a reasonable standard of living for the soon to be retired in their non-productive years till death, wherein they simply convert oxygen and sunlight into waste products, via eating and drinking and being entertained or working at something to fill out their time, in a never-ending cycle that lasts as long as asteroids take no ominous turn towards earth.
What actually took place is far more interesting -- and it was the stereotypical Swiss chalet, probably Wolfsberg Chalet.
They met back in the late '80s and decided on a global financial virus (today known as securitized credit derivatives) which they could control and manipulate the financial sectors of the planet with.
Check out the Group of Thirty, the Wolfsberg Group, Edgmont Group, Markle Foundation and the Center for a New American Security. Then delve deeply into the origins of America's Financial-Intelligence Complex.
And, if you are really curious and independent thinking, check into the backgrounds of those passengers aboard the four airliners involved in 9/11/01.
Eighty percent of homicides involved known individuals. You'll find three of those groups a number of the passengers fall into very interesting. A check into those one degree removed, as in a poor and unfortunate lady attorney who worked for one of the devil's spawn.
are you talking about barbara olson and those
faked telephone calls she supposedly made?
she wasn't on the flight....barbara is either
alive and well under deep disguise or she
was murdereed in some other manner for some
unknown reason....
she was emphatically not on the 9/11 flight
into dc which crashed....
if you have information about the passengers on
the 4 flights please let us know....i know that
the flights were not chosen at ramdom...
9/11 was a usa intelligence job
www.ae911truth.org will set you free...
Dude, how many people have to repeate the same information over and over and over again -- are you a fakester or something????
Is English an unknown language? Check into the backgrounds of the passengers aboard those four airplanes.
Is that sentence construction too complex for you? Can you spell h-a-l-f-w-i-t?
Prescient indeed. This deceptively simple and profound analysis of the global political and economic gulag is an invaluable insight into the workings of the elite world managers and their program for social control.
"Injustice and inequality are the distinguishing traits of today’s world. The earth has five billion human inhabitants: of these, only 500 million live comfortably"
This comment is a haunting echo of the now famous formula inscribed on the so-called Georgia Guidestones, calling for a world population of 500 million to create the ideal "ecological balance" advocated by the likes of Maurice Strong and Mikhael Gorbachev. This neo-pagan agenda dovetails nicely with the necessity of radical measures of "population control" (read genocide) which would have to be effected to attain the "utopian dream" (read dystopian nightmare) of optimum world governance, the imminent attainment of which Marcos and many others are presently warning us of.Very interesting piece, should be required reading for all college freshman. The one thing the financial cartels rely on is the ignorance of the soon to be slaughtered.
mr kim, you are my hero.....you spake sooth unvarnished without equivocation and penetrated to the very depths of the evil nihilistic souls who rule this world for satan whether by design or ignorance. st john the theologian beat marcos to the punch by about 1900 years when he wrote revelation 17-18. we are witnessing the enthronement of mammon and its implaccable hold on civilization.....
i await anxiously the return of yahushua who will deliver us from the squid by completely and thoroughly destroying it. the power is too great for us - who can make war against the beast?
this is easily and without question the single most important post on zerohedge ever.
What a nonsensical sensationalist rant!! Just what you'd expect from hyper-ignorant wanna-be-Che-Guevara(-or-Zapata!) peasant "intellectuals" and the worthless French rag, Le Monde Diplomatique...
You don't have to accept it from these sources. There are numerous U.S. presidents,world leaders, and very educated people that have said the same thing in different words.
The banking cartel are not bound by patriotism, integrity, citizenship, and other values we live by. They play both sides. Just look at their history. The richest and most powerful men are not on the forefront and there is a reason for that. If you don't know who your enemy is then how do you fight them?(not ZH but the common man is blissfully ignorant)
Subcomandante Marcos was prescient: El Pais reported that there is a good chance Mexico swings to the left following the Calderon calamity, if you look out for
his peers, John Berger ( just published in France: Thoughts
on economical fascism ) and Zygmunt Bauman
One world Government, then one world currency, one world legislature, anti-federal behaviour=terrorism, electric cars, what's not to like? What happens after a war.. if 'everyman' doesn't commiserate with his fellow? ...there's a fine line between the ends justifying the means... and we've been doomed throughout history into leaving the 'capitalist' means of manipulation intact, the Banks -as manipulators. This is what has to change: the Volcker Rule, the speculative side of banking activities. I think it was Alan Moore, but have been someone else, who said 'Give me Liberty or give me death'
Rhetorical question for the forum visitors: If anti-trust laws were "robustified", and companies were forced to stay below, say, 0.5% of national GDP in size (in terms of total assets, income, or whatever the equation that would be decided), would these problems be as acute? Also, if we implemented harsher taxes for "global" companies (i.e. taxed their international profits - something I'm very skeptical of), would that halt the relentless pursuit of globalisation? I'm interested in reading your answers.
Ripped is right: real change = death wish
The secret to the dilemma we face is two-fold: 1) affordable, quality education (no debt and actual job skills) and 2) the Rule of Law.
Our education system is too expensive and inefficient - and getting a job after graduation tends more towards networking skills over merit. You can always just work for the gov't if you aren't doing well in the private sector.
Corruption and collusion decrease competition, which allows corporations to balloon in size - they are inherently unstable because of malinvestement and outright theft - anyone trying to get into the game faces regulations that are designed to increase the market share of the players with the deepest pockets. In lieu of robust growth we have speculative endeavors, backed by the full faith and credit of the zombie public of the United States.
---
In the age of the printing press any tax serves only two functions: price control and perceived equal redistribution of wealth. In other words, perception management. 99% of Americans can't really explain why inflation is actually a bad thing.
1. "affordable, quality education" Is the last thing the elite want to see
"perception management. 99% of Americans can't really explain why inflation is actually a bad thing" (see 1. above)
+1
Public schooling at its best.
Gov't: "I know you know we know we're stealing from the public."
Good ideas. Sadly, whoever tries to push them into law will be disgraced or assassinated.
And of course the accuracy of the accounting comes into question when thresholds are imposed. Fragmentation of "controlled groups" would occur to hide true size.
One big problem for shrinking maximum size of businesses with stronger anti-trust would be lack of entrepreneurs to start new buinesses (less incentive over time) So the uber creative among may go into politics or government work?!? I believe taxes are not all bad, however in USA they all benefit special interest groups. A strong dollar policy coupled with tariffs are probably the only way to increase the industrial base in the USA in the current situation. (Gutted industrial base from free trade deals) Although Keynesians were all taught smoot-hawley exasterbated the great depression, i disagree. Globalist agenda point to this tariff as sole reason not to use them to benefit US workerforce.
Joking, right? Wouldn't it encourage *more* entrepreneurs, since their new Bank of Pig's Knee, Arkansas wouldn't have to compete with JPMorganCitiWellsFargo? I mean, we're not talking about limiting companies to 5 million in assets here; if your only motiviation for starting a new company is that you want to dominate 10% of total GDP, fuck you.
Quite revealing. Obviously, we have here another person who has figured out how this game really works.
However, the focus on "neo-liberalism" is a bit misleading, as one might assume that one can just do away with neo-liberalism and the problems are solved.
This is wrong. The same predictions and observations have been made before, e.g. in 1848 by Marx and Engels. So this is not some new, or neo, thing it has been around for a while and it is called capitalism.
Bullshit. Neo-liberalism is a good descriptor for a world that is flattered by being called capitalist but is controlled/planned by special interests, including neoliberals and neocons, through the use of corporate sponsorship and (in America) the replacement of a small republic form of government with large social democracy. A democracy (as warned about by our founding fathers) where the temptation is just too great for the "have-nots," to vote themselves the rights to the assets of the "haves." This is able to be done, of course, because of the easy target most of the "haves" are due to their involvement in the same government that causes this whole massive fraud. But people, there are entrepreneurs out there (you know, the ones that used to create all the jobs?) who don't want to control the government or you or anyone. They want to meet the needs of customers and make a fair buck in the process. This was our American entrpreneurial spirit. Today? Who can find a business idea the government won't regulate or tax out of business if it supports their "neoliberal" agenda?
A Wall Street job comes to mind.
its called capitalism.....in practice it is colonialism
Loved it! Thanks for the post Brother Kim
Interesting....
But here it is....
One can view what is ....in various ways.....
If it were not for the few....where would the rest be...?
............................
ie There are many smaller countries whereby it was not long ago...that most of its inhabitants lived of of what nature offered...with a few primitive tools....
Would there have been change if outsiders had not intruded ?
How many Indians would there be in the USA today ....if there were no outsiders ? And what would they be doing ?
Do you think that they would have changed ?
...................................
The point is....which end result events are better than others....?
They are what they are....
.................................
One can only look at the way it currently is.....and be part of what it is....and just may become ....one of the few....
..............................
THIS is not going to change....
..............................
Know this....
Dissatisfaction....and curiousness....cause change....
And this ....people have plenty of....
hard to believe that after reading the essay you still don't get it
but you don't
hilarious, in a way, that you singled out the american indians for your example, as they were much better off before our arrival