inequality «

Decline of the United States of America: The Moral, Political and Economic Causes

September 10, 2011 1 Comment

by Rodrigue Tremblay
Global Research
September 7, 2011

“The deterioration of every government begins with the decay of the principles on which it was founded.” Montesquieu, (Charles Louis de Secondat) (1689-1755)

“I am convinced that I am acting as the agent of our Creator. By fighting off the Jews, I am doing the Lord’s work.” Adolf Hitler (1889-1945), German politician and future German Chancellor, Mein Kampf, chap. 2, 1925

“I believe that God wants me to be president.”George W. Bush, American 43rd president, speech in Washington D.C., June 1, 2004

“This economy of ours is on a solid foundation.” George W. Bush, American 43rd president, January 4, 2008 (N.B.: the U.S. economy was about to enter into recession.)

“I believe that the Iraqi people will greet us as liberators.” Sen. John McCain, March 20, 2003

“We used to hustle over the border for health care we received in Canada. And I think now, isn’t that ironic?” Sarah Palin, American politician and former governor of Alaska, (admitting that her family used to get treatment in Canada’s single-payer health care system, despite having demonized such government-run programs as socialized medicine that will lead to death-panel-like rationing, March 6, 2010)

“The Lord says be submissive. Wives, you are to be submissive to your husbands.” Michele Bachmann, Rep. of Minnesota and 2012 Republican presidential candidate, (on the question of submitting to the authority of her husband, 2006). Rep. Bachmann is also a graduate of Oral Roberts University.

“Let the woman learn in silence with all subjection. But I suffer not a woman to teach, nor to usurp authority over the man, but to be in silence.”
The Bible (New Testament), 1 Timothy 2:11-12

“Think of the American economy as a large apartment block. A century ago—even 30 years ago—it was the object of envy. But in the last generation its character has changed. The penthouses at the top keep getting larger and larger. The apartments in the middle are feeling more and more squeezed and the basement has flooded. To round it off, the elevator is no longer working. That broken elevator is what gets people down the most.” Lawrence Katz, Harvard University economist, 2010

The American economy is in the Doldrums, the American Political System is Dysfunctional and Paralyzed

Around the world, many are baffled by what’s happening to the United States. It seems that all at once the wheels are going off the cart. The American economy is in the doldrums, the American political system is dysfunctional and paralyzed, and a series of elective, far away foreign wars is ruining the country.

The U.S. economy used to be an engine of economic growth and the American political system used to be a well-oiled checks-and-balances machine that was geared toward progress and that could accommodate both leadership and compromise. Moreover, Americans can be proud that their constitution, at least on paper, is one of the best in the world, having been crafted by enlightened founders who believed in individual and democratic freedom.

In this short article, I will identify what I think to be the two major causes of America’s current decline. (I welcome comments.)

-The first cause is a moral one: it is related to the widespread corruption that permeates many institutions and sectors of the U.S. society, the most corrupt of them all being the political system and the corporate system. It is no accident that the epicenter where these two corrupt systems meet is at the Pentagon, an agency that reports upon reports picture as a cesspool of corruption.

The result of that widespread corruption is that the United States is now generating a sub-standard class of politicians to administer its affairs who are not the servants of the common good, but who rather serve happily the narrow money interests that finance them. The U.S. corporate elite, for the most part, has abandoned all loyalty to its country while it roams the world in order to make short-term profits at all costs and avoid paying taxes in its country of origin.

The result: wacky politicians and greedy business people are in charge.

The same can be said about the biased corporate media who have also abandoned all pretenses of neutrality and objectivity in informing the people and who have rather donned the mantle of unadulterated propaganda in order to cynically manipulate information and public opinion, to the delight of their money masters.

Things were never perfect in the past, but I would argue that the current level and scope of corruption in the U.S. society is unprecedented and is a root cause of the decline of the United States.

The second cause of American decline is more structural and more economic in nature. It is related to a widespread ignorance of the practical consequences of economic and financial globalization that began under the Nixon Republican administration (1969-1973) and which accelerated under the Republican administrations of Ronald Reagan (1981-1989) and of George H. Bush (1989-1993).

I shall tackle each of these causes separately.

I- The U. S. has abandoned its Democratic Ideals and the Quality of its Politicians is Sub-Standard

Let’s talk first about the moral and political causes of American decline.

British Prime Minister Winston Churchill (1874-1965) once quipped that “democracy is the worst form of government, except for all the others.”! Indeed, democracy is a very fragile political system that can sometimes fail the very people it is designed to serve. American president Abraham Lincoln (1809-1865) defined it as “a government of the people, by the people, and for the people.”

But democracy is at its worst when an oligarchy takes control of a country’s institutions and imposes its agenda. Such is the case with today’s United States. Money interests, not the sovereign people, control the political system today; they control the corporate media system, they control the U.S. Supreme Court and much of the judicial system and, I would argue, they control a large chunk of the academic system.

The results are everywhere to be seen. The United States has reached levels of inequality in wealth and income that used to be seen only in some backyard third-world countries.

Another form of political corruption and of intellectual decay is the widespread refusal nowadays to abide by article VI of the U.S. Constitution. Indeed, article VI expressly stipulates that “no religious Test shall ever be required as a Qualification to any Office or public Trust under the United States.” This would seem to me to be clear enough.

Some fifty years ago, in 1960, Sen. John F. Kennedy was elected president of the United States, stating that his religious beliefs were his own personal affair and that, as an elected official for all the people, he was going to use his best judgment in his public decisions, and not be obligated to follow the diktats of any established religion, not even of his own, the Roman Catholic Church, nor its foreign Pope.

As an indication of how much the United States has regressed on the question of separation of Church and State, consider that a presidential candidate of the quality of Sen. John F. Kennedy would most likely not be elected to office today with such a stand of intellectual independence. Mind you, most of the Fathers of the U.S. Constitution could not be elected either, a clear indication that the United States has strayed away from its founding principles.

Consider what President James Madison (1751-1836) had to say about religion in politics: “The number, the industry, and the morality of the priesthood, and the devotion of the people have been manifestly increased by the total separation of the Church from the State.” Do you really believe that President Madison could be elected today? Nowadays, in fact, religious zealots dominate the Republican party while some half of democrats think that a presidential candidate must have “strong religious beliefs” to be considered for public office. The only problem is that such a view is in direct conflict to what the U.S. Constitution says!

Mixing personal and official religion with democratic politics is a form of intellectual corruption. —It’s dynamite. If the United States continues in the same destructive direction that many theocratic Muslim countries have followed for centuries, with disastrous results, I would not hesitate to predict that the U. S. will self-destruct.

II- The Widespread Confusion Between What Works in an Open Economy as Compared with a Closed Economy

Let’s talk economics.

The U. S. economy, like most industrial economies, is an open economy. This means that goods and services can be exported and imported while facing a minimum of border taxes and other barriers to international trade. For a quarter of a century now, it has also meant that the U. S. economy is part of the economic globalization model. The latter goes much further than free trade: it means that corporations and banks can move their capital, technology and production plants around the world in search of the greatest profit and the best investment environment. I happen to believe that this globalization model has been pushed too far and has become a major cause of economic stagnation in the industrial economies.

When it comes to economic policies, what can work in a closed economy does not necessarily work in an open economy. Consider macroeconomic policies to stimulate a stagnant economy. In an open economy, keynesian-type stimulus policies of deficit government spending or of tax reduction do not work properly, essentially because stimulus policies of this type are the equivalent of heating a house in winter with the windows and doors wide open. The new deficit spending may help the world economy, since much of the new spending ends up abroad, but the domestic multiplier effect of such spending can be very low. This means that such an economic stimulus in an open economy may not be as effective in stimulating economic activity as hoped and, in some circumstances, it can do more harm than good.

Nevertheless, many politicians (and some economists!) cling to the old idea that lowering taxes for the rich when the government is in deficit or new non-infrastructure government deficit spending can stimulate the economy. This obviously does not work, at least not if the new deficit spending is not focused domestically. Spending deficit money in Afghanistan or in Iraq doesn’t much stimulate the U.S. economy!

What works in an open economy are policies geared toward changing relative prices in order to encourage domestic production and employment. First of all, a lowering of the real exchange rate can encourage net exports and stimulate domestic production and employment, provided the government does not sustain excessive domestic absorption through unproductive large deficits.

Another approach to skew relative prices in favor of domestic production and employment is to use the tax system accordingly. Presently, many American corporations are hardly taxed at all on their profits when they operate abroad. Some appropriate taxation of these profits can encourage repatriation of capital and support additional domestic investments. It may be argued that the American political system is not flexible enough to allow for the use of tax policies to encourage domestic production and employment. If so, this would be another indication that the current state of the political system in the U. S. is inimical to economic progress.

These are only a few examples of public policies that can have a positive impact on the functioning of the economy.

In general, and that will be my conclusion, I would say that it is in the interest of any country to avoid giving power to idiots, ignoramuses, incompetents, devious and delusional characters or to demagogues. If not, watch out. —More countries are destroyed by their own politicians than by foreign armies.

Rodrigue Tremblay is professor emeritus of economics at the University of Montreal and can be reached at rodrigue.tremblay@yahoo.com. He is the author of the book “The Code for Global Ethics” at: www.TheCodeForGlobalEthics.com/

Filed under World Tagged with american political system, closed economy, corporate media, corporate system, countries destroyed by politicians, decline of united states, deficits, disfunctional nation, domestic production, economic causes of decline, economic globalization model, economic growth, economic policies, epicenter of corruption, financial globalization, income, industrial economy, inequality, intellectual corruption, money interests, moral causes of decline, oligharchic dominance, open economy, political causes of decline, power to idiots, propaganda, spending, stagnant economy, tax policies, u.s. economy, wacky politicians, wealth, widespread corruption, widespread ignorance

Analysis of Financial Terrorism in America

August 11, 2011

Over 1 Million Deaths Annually, 62 Million People With Zero Net Worth, As the Economic Elite Make Off With $46 Trillion

David DeGraw
Global Research
August 11, 2011

Abstract: Welcome to World War III

Despite increasing personal financial hardship, most Americans remain unaware of the economic world war currently unfolding. An all-pervasive corporate and government propaganda campaign has effectively obscured this blatant reality. After extensive analysis, it is evident that World War III is a war between the richest one-tenth of one percent of the global population and 99.9 percent of humanity. Or, as I have called it, The Economic Elite Vs. The People [18]. This war has been a one-sided attack thus far. However, as we have seen throughout the world in recent months, the people are beginning to fight back. The following report is a statistical analysis of the systemic economic attacks against the American people.

Introduction

The American public has sustained intensive economic attacks across broad segments of the population. While the attacks have been increasingly severe in scale over the past four years, they have been implemented with technocratic precision. They have been incrementally applied thus far, successfully keeping the population passive and avoiding any large-scale civilian unrest, while effectively reducing living standards for the majority of the population. As you will see in this report, the 55 million Americans that have been hit the hardest have thus far acquiesced due to temporary financial assistance, such as food stamps and extended unemployment benefits.

The global Economic Elite have been much more strategic in handling the American public, as they are potentially the greatest threat to their continued consolidation of wealth, resources and power. National populations that are not as powerful, and on the periphery of the Economic Elite’s global empire, have been dealt with in much harsher fashion. In many smaller and less powerful countries the dramatic rise in food prices and costs of living have led to all-out revolt — Tunisia, Algeria, Albania and Egypt were among the first to rebel. While the contagion of rebellion has rapidly spread throughout Northern Africa and the Middle East, it is also spreading in a decentralized manner throughout most of the world, now threatening popular rebellion throughout Europe. Like the US population, the geographically clustered European nations represent a potentially powerful countervailing force to the Economic Elite’s continued domination.

Within the United States, the technocratic suppression of the population has been extensive. Increasingly severe economic and governmental policies have systematically eroded civilian wealth, power and rights. Intensive propaganda has effectively distracted, confused, isolated, marginalized and divided the US population. Despite the success of these efforts thus far, given the severe, prolonged, unsustainable and escalating level of economic suffering, outbreaks of civil unrest are inevitable. The US population, if a critical mass is reached, represents the greatest threat to the Economic Elite. In this regard, the American people are their primary adversary.

In writing this report, I will clearly demonstrate the severity and scale of the deliberate systemic economic attacks against the US population, in hope that we can urgently build a critical mass of aware and engaged citizens.

Part One :: The Economic Devastation

Snapshot: According to most recent Census Bureau data, from 2005 – 2009, average US household wealth declined by 28% [19]. This represents a loss of $27,000 per household. Currently, at least 62 million Americans, 20% [19] of US households, have zero or negative net worth.

The Census figures cited above are based on statistics that have been consistently proven to be lowball estimates. The government and corporate media spread propaganda on vital economic statistics that mask the severity of our economic crisis. Deceptive inflation, unemployment, poverty and GDP measures, which cast the illusion of recovery, are easily exposed with some research and a closer look at the data. Throughout this report, we will explore significant examples of government economic propaganda. In several cases, the government has been forced to revise their numbers due to proven inaccuracies. The government’s “revisions” are most always for the worse, and are usually just a footnote correction that the public is rarely ever aware of. All that being said, for many statistics we are forced to use government data, as there are not any other extensive data sets available from alternative sources.

I :: Record Breaking Poverty

The Census Bureau poverty rate is a horribly flawed measurement that uses outdated methodology. The Census measures poverty based on costs of living metrics established in 1955 – 56 years ago. They ignore many key factors, such as the increased costs of medical care, child care, education, transportation, and many other basic costs. They also don’t factor geographically-based costs of living. The National Academy of Science measure, which gets little if any corporate media coverage, gives a much more accurate account of poverty, as they factor in these vital cost of living variables.

The most current Census data revealed that 43.6 million Americans, 14.3% of the population, lived in poverty in 2009. While that is a staggering number that represents the highest number of American people to ever live in poverty, and a dramatic increase of four million people since 2008, it significantly under-counted the total. Last year, in my analysis [20], extrapolating data from 2008 National Academy of Science findings, I estimated that the number of Americans living in poverty in 2009 was at least 52 million [20]. Recently, the National Academy of Science released their latest findings, backing up my claim by revealing that 52,765,000 [21] Americans, 17.3% of the population, lived in poverty in 2009.

The poverty rate for children is even worse. According to Census data, a total of 15.5 million [22] American children lived in poverty in 2009, which is 20% of all children. The number of children in poverty increased 28% since 2000, and jumped 10% from 2008 to 2009. Extrapolating data from the 2009 National Academy of Science poverty rate, in relation to the Census childhood poverty data, the number of American children living in poverty in 2009 is more accurately 18.8 million, which is 24%, or nearly one in four.

Other than this rapidly increasing number children who are in families that have recently fallen into poverty, “every day in America 2,573 babies [22] are born into poverty.”

As the chart to the right shows, even with the lower Census numbers, nine major American cities have a poverty rate over 25%.

It is important to note, based on many key indicators, as you will see throughout this report, the overall poverty totals have increased since 2009. Also consider that the recent deficit reduction plan is going to cut “anti-poverty” programs that currently assist tens of millions of Americans. A study by the National Bureau of Economic Research estimates that “the poverty rate would double [23] without these programs.” It is predicted that the new deficit deal will cut the funding for these programs in half [24], which, based on these estimates, would bring the total number of Americans living in poverty up to 80 million people, 26% of the population.

II :: Record Breaking Food Insecurity

For another revealing statistic, which has been quickly increasing, we can look at the number of Americans currently surviving off of food stamps. In 2005, 25.7 million [25] Americans needed food stamps, currently 45.8 million people [26] rely on them. As the chart to the right shows, the number of people in need of food stamps has been rapidly increasing year-over-year.

Meanwhile, Congress is cutting the funding [27] for the food stamp program at a time when the Department of Agriculture estimates that an additional 22.5 million [28] people will need them, bringing the total number of Americans in need of food assistance to a stunning 68.3 million people.

III :: Record Breaking Unemployment

While the “official” unemployment rate hovers around 9%, 14 million people, the government’s numbers are deceptively low once again. The only reason unemployment has stayed below 10% for the past few months is because millions of long-term unemployed, and part-time workers who are looking for full-time work, are not included in the baseline government unemployment rate. John Williams, from ShadowStats.com [29], has a consistently proven method of tracking unemployment that provides a much more accurate view of the overall situation. As shocking as it may sound, when you apply his SGS method, counting the total number people in need of employment, you get a current unemployment rate of 22.5%, which is an all-time record total of 34 million people currently in need of work. Here is how the SGS rate is calculated:

“The seasonally-adjusted SGS Alternate Unemployment Rate reflects current unemployment reporting methodology adjusted for SGS-estimated long-term discouraged workers, who were defined out of official existence in 1994. That estimate is added to the BLS estimate of U-6 unemployment, which includes short-term discouraged workers.

The U-3 unemployment rate is the monthly headline number. The U-6 unemployment rate is the Bureau of Labor Statistics’ (BLS) broadest unemployment measure, including short-term discouraged and other marginally-attached workers as well as those forced to work part-time because they cannot find full-time employment.”

On top of these shocking figures, the labor force participation rate, which measures the percentage of the total population currently working, has fallen to a 27-year low of 63.9%.

Currently, an all-time record 6.3 million [30] people have been unemployed for over six months. As the chart to the right shows, the average time it takes for a person to find a job has also just hit an all-time high of 40.4 weeks [31].

As companies continue to downsize and shift jobs overseas, unemployment is once again accelerating. Private-sector job cuts in July surged 60% to a 16-month high [32]. When accounting for population growth within the total labor force, from December 2007 to present, we have lost 10.6 million [33] jobs.

With the implementation of state and federal budget cuts, public-sector unemployment is accelerating as well. According to the Center on Budget and Policy Priorities, since August 2008, state and local governments have cut 577,000 [34] jobs. The Economic Policy Institute estimates that cuts in the new deficit deal will lead to an additional 1.8 million [24] job losses.

Of the new jobs that have been added in 2010, 60% [35] of them are in low-wage fields. Since December 2007, the official unemployment rate has masked the fact that 2.8 million [35] of the news jobs created have been part-time jobs.

Breaking down the data, over the last 12 months [36], the National Employment Law Project found that well-paying jobs are rapidly decreasing, while low-paying jobs are helping to mask an increasingly dire employment crisis:

· Lower-wage industries constituted 23% of job loss, but fully 49% of recent growth

· Mid-wage industries constituted 36% of job loss, and 37% of recent growth

· Higher-wage industries constituted 40% of job loss, but only 14% of recent growth

IV :: Declining Income

While the cost of living from 1990 – 2010 increased by 67%, worker income has declined. According to the most recent available IRS data, covering the year of 2009, average income fell 6.1%, a loss of $3,516 per worker, that year alone. Average income has declined 13.7% from 2007 – 2009, representing a $8,588 [37] loss per worker.

The decline in worker income is due to the dramatic increase in CEO pay. CEO pay has consistently increased year-over-year since the mid-1970s. From 1975 – 2010, worker productivity increased 80%. Over this time frame, CEO pay and the income of the economic top 0.1% (one-tenth of one percent) of the population quadrupled [38]. The income of the top 0.01% (one-hundredth of one percent) quintupled [38].

To understand the affect CEO pay increases have had on workers’ declining share of income on an annual basis, after analyzing 2008 tax data, leading tax reporter David Cay Johnston summed up [39] the situation with these revealing statistics:

“Had income growth from 1950 to 1980 continued at the same rate for the next 28 years, the average income of the bottom 90 percent in 2008 would have been 68 percent higher…. That would have meant an average income for the vast majority of $52,051, or $21,110 more than actual 2008 incomes. How different America would be today if the typical family had $406 more each week…”

As shocking as that is, over the last two years, workers have lost an even higher share of income to CEOs. In the last year alone, CEO pay skyrocketed by 28% [40]. Looking at 2009, according to a recent Dollars & Sense report [41], workers lost nearly $2 trillion in wages that year alone:

“In 2009, stock owners, bankers, brokers, hedge-fund wizards, highly paid corporate executives, corporations, and mid-ranking managers pocketed—as either income, benefits, or perks such as corporate jets—an estimated $1.91 trillion that 40 years ago would have collectively gone to non-supervisory and production workers in the form of higher wages and benefits.”

As bad as these numbers are, consider that the attack on American workers has increased significantly since 2009. From 2009 to the fourth-quarter of 2010, 88% of income growth [42] went to corporate profits (i.e. CEOs), while just 1% went to workers.

As the NY Times reported in an article entitled, “Our Banana Republic,” from 1980 – 2005, “more than four-fifths of the total increase in American incomes went to the richest 1 percent.” Again, as bad as that was, since 2005 it has gotten even worse, as Zero Hedge recently reported [43], labor’s current “share of national income has fallen to its lowest level in modern history.” This chart shows how workers’ percentage of income has been rapidly declining:

The bottom line, as statistics clearly demonstrate, these trends are getting worse and the attacks against us, as severe as they have been over the past four years, are dramatically escalating.

Part Two :: The Economic Elite
“There’s class warfare, all right, but it’s my class,

the rich class, that’s making war, and we’re winning.”

– Warren Buffett, Chairman and CEO of Berkshire Hathaway

V :: How Much Wealth Do The Economic Elite Have?

While 68.3 million Americans struggle to get enough food to eat and wages are declining for 90% of the population, US millionaire household wealth has reached an unprecedented level. According to an extensive study by auditing and financial advisory firm Deloitte, US millionaire households now have $38.6 trillion [44] in wealth. On top of the $38.6 trillion that this study reveals, they have an estimated $6.3 trillion [45] hidden in offshore accounts.

In total, US millionaire households have at least $45.9 trillion in wealth, the majority of this wealth is held within the upper one-tenth of one percent of the population.

If all this isn’t obscene enough, to further demonstrate how the global economy has now been completely rigged, Deloitte’s analysis predicated, based on current trends, that US millionaire households will see a 225% increase in wealth to $87.1 trillion by 2020. Accounting for wealth hidden in offshore accounts, they are projected to have over $100 trillion in total within the next decade.

Most people cannot even comprehend how much $1 trillion is, let alone $46 trillion. One trillion is equal to 1000 billion, or $1,000,000,000,000 [46]. To put it in perspective, last year the entire cost of feeding all 40 million Americans on food stamps was $65 billion [28].

Now consider, according to the latest IRS data, only 0.076% of the population, less than one-tenth of one percent, earned over $1 million [37] in 2009.

The graph below, based on data from the Tax Policy Center, shows how much income is earned by a household at any given percentile in income distribution:

The highest bracket for annual income is $50 million or more. Only 74 Americans are in this elite group. The average income within this category was $91.2 million [39] in 2008. As astonishing as that is, in 2009 they averaged $518.8 million [39] each, or about $10 million per week. This means, in the depths of the recession, the richest 74 Americans increased their income by more than 5 times within this one year. These 74 people made more money than 19 million [39] workers combined.

In context, overall, the richest 400 people [47] in the US have as much wealth as 154 million Americans combined, that’s 50% of the entire country. The top economic 1% of the US population now has a record 40% of all wealth [48], and have more wealth than 90% [49] of the population combined.

VI :: Who Rules America? Revealing The Economic Top 0.1%

Here is an analysis [50] from an investment manager with mega-wealthy clients breaking down the economic top 0.5% of the population, recently published by William Domhoff, sociology professor and author of Who Rules America? [51]:

“Unlike those in the lower half of the top 1%, those in the top half and, particularly, top 0.1%, can often borrow for almost nothing, keep profits and production overseas, hold personal assets in tax havens, ride out down markets and economies, and influence legislation in the US. They have access to the very best in accounting firms, tax and other attorneys, numerous consultants, private wealth managers, a network of other wealthy and powerful friends, lucrative business opportunities, and many other benefits.

Folks in the top 0.1% come from many backgrounds but it’s infrequent to meet one whose wealth wasn’t acquired through direct or indirect participation in the financial and banking industries…. Most of the serious economic damage the US is struggling with today was done by the top 0.1% and they benefited greatly from it…. For example, in Q1 of 2011, America’s top corporations reported 31% profit growth and a 31% reduction in taxes, the latter due to profit outsourcing to low tax rate countries…. The year 2010 was a record year for compensation on Wall Street, while corporate CEO compensation rose by over 30%.…

In 2010 a dozen major companies, including GE, Verizon, Boeing, Wells Fargo, and Fed Ex paid US tax rates between -0.7% and -9.2%. Production, employment, profits, and taxes have all been outsourced….

I could go on and on, but the bottom line is this: A highly complex and largely discrete set of laws and exemptions from laws has been put in place by those in the uppermost reaches of the US financial system. It allows them to protect and increase their wealth and significantly affect the US political and legislative processes.

They have real power and real wealth. Ordinary citizens in the bottom 99.9% are largely not aware of these systems, do not understand how they work, are unlikely to participate in them, and have little likelihood of entering the top 0.5%, much less the top 0.1%….

… the American dream of striking it rich is merely a well-marketed fantasy that keeps the bottom 99.5% hoping for better and prevents social and political instability. The odds of getting into that top 0.5% are very slim and the door is kept firmly shut by those within it.”

To get into the top economic 0.01% (one-hundredth of one percent) of the population, you have to have a household income of over $27 million [52] per year.

If you look at some of the central players who caused this economic crisis, you will see that they are among this Economic Elite group.

Former Goldman Sachs CEO and Bush Treasury Secretary Hank Paulson had already amassed at least $700 million prior to moving to the US Treasury in 2006. Current Goldman Sachs CEO Lloyd Blankfein and a few other top executives at Goldman Sachs just received $111.3 million in bonuses. Blankfein just took home $24.3 million, as part of a $67.9 million bonus he was awarded. Goldman’s President Gary Cohn took home $24 million, as part of a $66.9 million bonus he was awarded. Goldman’s CFO David Viniar and former co-president Jon Winkelried both took home over $20 million in bonuses.

Citigroup CEO Vikram Pandit just took home $80 million, in what may eventually total more than $200 million in compensation and bonuses. Coming in at the top of the list is JP Morgan Chase CEO Jamie Dimon, who just took home $90 million.

If you think people in this income level don’t control the US political process, you are not paying attention. After they caused this economic crisis, they got the government to give them trillions of dollars in taxpayer support, and then, after taking our tax dollars, they gave themselves all-time record-breaking bonuses. 2009 was an all-time record-breaking year for Wall Street executives bringing in a total of $145 billion [53]. And then, in 2010, they raised the bar even higher, breaking the all-time record set the year before by pulling in another $149 billion [54]. The audacity of it all is stunning.

Finding people more grotesquely greedy than Wall Street executives would seem to be impossible. However, health insurance CEOs are giving them a run for their money. As the LA Times reported [55]:

“Leaders of Cigna, Humana, UnitedHealth, WellPoint and Aetna received nearly $200 million in compensation in 2009, according to a report, while the companies sought rate increases as high as 39%….

H. Edward Hanway, former chief executive of Philadelphia-based Cigna, topped the list of high-paid executives, thanks to a retirement package worth $110.9 million. Cigna paid Hanway and his successor, David Cordani, a total of $136.3 million last year….

Ron Williams, the CEO of Hartford, Conn.-based Aetna Inc., earned nearly $18.2 million in total compensation, down from $24.4 million in 2008.”

Aetna CEO Ron Williams has recovered from his down year in 2009 by making $72 million [56] in 2010.

Given this level of obscene profiteering within the health care industry, it is not surprising that Americans pay more for medical care than any other nation in the world. In fact, Americans are forced to pay twice as much as most nations, and get lower quality care in return. As health insurance companies admitted, they have been reaping windfall profits because people with health insurance plans still cannot afford to go to the doctors and have stopped going unless it is an absolute emergency. With well over 50 million people unable to afford health insurance and the skyrocketing costs, it is not surprising that over 60% of all personal bankruptcies are the result of medical bills. In fact, 75% of the medical bankruptcies filed are from people who have health insurance.

Within this Economic Elite group, you also have the war profiteering [57] oil companies, which themselves are in large part owned by the big Wall Street banks. The biggest five oil companies, while gas prices have been skyrocketing, reaped $36 billion [58] in profit last quarter. These companies also receive an average of $6 billion [58] per year in tax subsidies.

VII :: Tax Breaks For The Rich, Budget Cuts For The Rest Of Us

To further demonstrate how the mega-wealthy have seized control our political process, consider that the richest 400 Americans paid 30% of their income in taxes in 1995, but they now pay only 18% [59].

In fact, 1,470 Americans [60] earned over $1 million in 2009 and didn’t pay any taxes.

The average tax rate for millionaires was 22.4% in 2009, down from 30.4% in 1995. The average millionaire saves $136,000 [61] a year due to reduced tax rates.

Looking at the tax rate from a long-term perspective, the amount of money the richest people and most profitable corporations pay in taxes has fallen dramatically since 1955. Corporate tax accounted for 27.3% of federal revenue in 1955. In 2010, corporate tax accounted for only 8.9% [62] of federal revenue. Corporate taxes accounted for 4.3% of overall GDP in 1955, in 2010 they accounted for only 1.3% [62].

Part Three :: The Perfect Storm Overhead:

(Inequality = Debt = Austerity = Civil Unrest = Inflation + Deflation = Stagflation)

The cuts in taxes for the mega-wealthy have led to record wealth inequality and resulted in a record national deficit. Meanwhile, to make up for the deficit that the richest one-tenth of one percent of the population has created, Democrats and Republicans are committed to making draconian budget cuts to vital social services, which target the poor, middle class, elderly and sick, while handing out billions more in corporate welfare annually. (Inequality = Debt = Austerity)

Just as the government has done, to make up for tax revenue lost to the mega-wealthy, Americans have made up for the decline in income by taking on large amounts of debt as well. (Inequality = Debt)

In a severely unequal society, massive debt will always be created, thus forming a vicious cycle of increasing inequality and increasing debt, until the fragmentation of society reaches a breaking point when those in debt cannot afford to pay back their debts without starving to death. We are now reaching that breaking point. (Inequality = Debt = Austerity = Civil Unrest)

VIII :: Debt Slavery

The Indentured Servant Has Become The Indebted Citizen

As for statistics on Americans being buried in financial debt, the indentured servant has evolved into the indebted citizen. As mentioned before, from 1990 – 2010 costs of living have increased 67%, while wages have stagnated and declined. As the national debt has reached a record $14.6 trillion, total personal debt is now over $16 trillion [63]. Consumer debt is $2.5 trillion. Credit card debt is $805 billion and student debt now exceeds $1 trillion [64].

Obviously, the more severe your debts are, the more you have to cut back in spending and the less money you have to buy new items. (Debt = Austerity)

Meanwhile, a perfect storm circles overhead as society breaks down and falls into an economic death spiral – health care, food and gas costs are skyrocketing, while income and home values are plummeting. (Inflation + Deflation = Stagflation)

Given these conditions, it is not surprising that over 250 million Americans, another record-breaking number, are currently living paycheck-to-paycheck struggling to make ends meet.

IX :: Inflation

The following charts, from Advisor Perspectives, show the increase in costs of living since 2000:

As you can see, the price of basic necessities are consistently increasing, only clothing (apparel) has declined. The second chart highlights the crucial skyrocketing cost of energy:

The third chart highlights the pernicious skyrocketing cost of education:

The cost of education essentially buries a young person in a debt that they will spend a significant portion of their life attempting to get out of. Given the increasing costs of living, and the decreasing ability to make an expected income from such an expensive level of education, this young demographic will most likely live an entire life locked into spiraling levels of debt that they will never be able to get out of.

Propaganda Inflation

When reporting on inflation, the Bureau of Labor Statistics has twice, since 1980, revised their methodology to mask the severity of inflation, similar to how they mask the severity of unemployment. In their Consumer Price Index (CPI), which measures inflation, they have heavily discounted the measurement weight of energy, food and education – three of the most significant costs for most American households.

To understand the significance in their revised methodology, current “official” CPI is at a 3.6% annual rate. However, if calculated the way it was before former Federal Reserve Chairman Alan Greenspan altered it in 1980, it would be 11.1% [65], three times worse than officially stated.

So while the government and the Federal Reserve claim that inflation is low, at 3.6% [66] over the past year, food prices have increased 39% [67] and US gas prices have increased 34% [68] over the same time frame.

The increase in gas cost over the past one-year masks the severity of total gas price inflation, which is currently 125% more [68] expensive since December 2008, increasing from $1.67 per gallon to $3.75.

The Hidden Tax

The Federal Reserve’s strategic policy known as Quantitative Easing (QE) has been a significant factor in the rising cost of basic necessities by deliberately stimulating inflation, while decreasing the value of the dollar. Looking at their recent QE2 program, the dollar lost 7.5% [69] of its value from January 2010 through March 2010. From August 2010 through March 2010, the dollar lost 17% [69] of its value. To understand how this acts as a hidden tax, consider if you had $10,000 in the bank, over this time frame you would have lost $1700 in purchasing power. So your $10,000 would now be worth $8300. At the same time, the cost of gas and food drastically increased.

The Phantom Recovery

By decreasing the value of the dollar, the Federal Reserve is also inflating the stock market by creating the impression that stock prices are rising, which, when measured in dollars, they have. However, in real terms, their overall value has decreased. To understand how deceptive this strategy has been in giving the appearance of a rising market, instead of measuring overall stock value in dollars, let’s look at their overall value when measured in terms of gold:

Dow/Gold Chart from January 1, 2003 – August 8, 2011

As investor Michael Krieger explains:

“You can see from the chart above the downtrend of stock prices in real terms is completely intact and they have now hit a new low, below the previous low point in March 2009. In fact, although stocks did temporarily rise in real terms from the low in 2009 for the year as a whole, they were still down 5% in real terms. Then last year, stocks were 14% lower in terms of gold. Finally, despite a brief rally early in 2011, stocks in terms of gold are down 23% year-to-date.”

Dollar Vs. Gold

When comparing the value of the dollar to the value of gold, the dollar has lost a stunning 84% of its value since 2000. In 2000, gold was worth $279 per ounce, as of August 8, 2011, gold is $1,725 per ounce. In fact, the dollar continues to fall in value while gold continues to rise.

Stagflation

All these factors together create a perfect storm of stagflation. As 90% of Americans experience income declines, and the value of the dollar declines, the price of necessities are rising, while the one major asset many Americans have, a house, is also declining in value. Already, thanks to declining home values, 28% of US homeowners owe more on their mortgages than their home is currently worth. With 10.4 million American families having lost their homes to foreclosure since 2007, Amherst Securities, a leading broker/dealer focused on mortgage-related investments, estimates that another 10.8 million [70] homes are at risk of default over the next six years. This will obviously continue downward pressure on home values.

X :: The Beaten Masses

Confronted With Severe Financial Hardship, Why Do Americans Remain Passive?

With an unprecedented sum of wealth, tens of trillions of dollars, held within the top one-tenth of one percent of the US population, we now have the highest and most severe inequality of wealth in US history. Not even the Robber Barons of the Gilded Age were as greedy as the modern day Economic Elite.

As famed American philosopher John Dewey once said, “There is no such thing as the liberty or effective power of an individual, group, or class, except in relation to the liberties, the effective powers, of other individuals, groups or classes.”

In The Economic Elite Vs. The People [18], I reported on the strategic withholding of wealth from 99% of the US population over the past generation. Since the mid-1970s, worker production and wealth creation has exploded. As the statistics throughout this report prove, the dramatic increase in wealth has been almost entirely absorbed by the economic top one-tenth of one percent of the population, with most of it going to the top one-hundredth of one percent.

If you are wondering why a critical mass of people desperately struggling to make ends meet are still not fighting back with overwhelming force and running the mega-wealthy aristocrats out of town, let’s consider two significant factors:

1) People are so busy trying to maintain their current standard of living that their energies are consumed by holding on to the little that they have left.

2) People have very little understanding of how much wealth has been consolidated within the top economic one-tenth of one percent.

Considering the first factor, it is obvious that people have become beaten down psychologically and financially. A report in the Guardian entitled, “Anxiety keeps the super-rich safe from middle-class rage,” suggests that people are so desperate to hold on to what they have that they are too busy looking down to look up: “As psychologists will tell you, fear of loss is more powerful than the prospect of gain. The struggling middle classes look down more anxiously than they look up, particularly in recession and sluggish recovery.”

Considering the second factor, people do not understand how much wealth has been withheld from them. The average person has never personally experienced or seen the excessive wealth and luxury that the mega-rich live in. Wealth inequality has grown so extreme and the wealthy have become so far removed from average society, it is as if the rich exist in some outer stratosphere beyond the comprehension of the average person. As the Guardian report mentioned above also states:

“… having little daily contact with the rich and little knowledge of how they lived, they simply didn’t think about inequality much, or regard the wealthy as direct competitors for resources. As the sociologist Garry Runciman observed: ‘Envy is a difficult emotion to sustain across a broad social distance.’… Even now most underestimate the rewards of bankers and executives. Top pay has reached such levels that, rather like interstellar distances, what the figures mean is hard to grasp.”

In fact, the average American vastly underestimates the severe wealth disparity that we currently have. This survey, featured in the NY Times, reveals that Americans think our society is far more equal than it actually is:

“In a recent survey of Americans, my colleague Dan Ariely and I found that Americans drastically underestimated the level of wealth inequality in the United States. While recent data indicates that the richest 20 percent of Americans own 84 percent of all wealth, people estimated that this group owned just 59 percent – believing that total wealth in this country is far more evenly divided among poorer Americans.

What’s more, when we asked them how they thought wealth should be distributed, they told us they wanted an even more equitable distribution, with the richest 20 percent owning just 32 percent of the wealth. This was true of Democrats and Republicans, rich and poor – all groups we surveyed approved of some inequality, but their ideal was far more equal than the current level.”

Here is a chart showing the results from their survey:

The fact of the matter is that the overwhelming majority of US population is unaware of the vast wealth at hand. An entire generation of unprecedented wealth creation has been concealed from 99% of the population for over 35 years. Having never personally experienced or known of this wealth, the average American cannot comprehend what is possible if even a fraction of it was used for the betterment of society as a whole.

In fact, given modern technology and wealth, not a single American citizen should live in poverty. The statistics clearly demonstrate that we now live in a Neo-Feudal society. In comparison to the wealthiest one-tenth of one percent of the population, who are sitting on top of tens of trillions of dollars in wealth, we are modern day serfs, essentially propagandized peasants.

The fact that the overwhelming majority of Americans are struggling to get by, while tens of trillions of dollars are consolidated within a small fraction of the population, is a crime against humanity.

The day the average American fully comprehends how much wealth is consolidated within just the top one-tenth of one percent of the population, there will be a massive uprising and all the paid off politicians will be run out of town.

The next time you are stressed out, struggling to make ends meet and pay off your debts, just think about the trillions of dollars sitting in the obscenely bloated pockets of one-tenth of one percent of the population. The first step in overcoming your peasant status is to understand that you are indeed a peasant. This is a bitter pill to swallow and most will prefer to, as they have been conditioned to do, continue on their path of media-induced delusion, denial, apathy and ignorance.

However, I still cling to the hope that once enough people become aware of this hidden and obscured fact, we can have the non-violent revolution we so urgently need. Until then, the rich get richer as a critical mass with increasingly dire economic prospects desperately struggles to make ends meet.

Part Four :: Fascism in America

Other than driving large segments of the American population into poverty, and pushing the majority into massive debt and a state of financial desperation, there is an ever darker side to what is unfolding today. The Economic Elite have turned America into a modern day fascist state.

Fascism is a very powerful word which evokes many strong feelings. People may think that the term cannot be applied to modern day America. However, as Benito Mussolini once summed it up: “Fascism should more properly be called corporatism, since it is the merger of state and corporate power.” In the early 1900s, the Italians who invented the term fascism also described it as “estato corporativo,” meaning: the corporate state.

Very few Americans would argue the fact that corporations now control our government and have the dominant role in our society. Through a system of legalized bribery – campaign finance, lobbying and the revolving door between Washington and corporations – the most power global corporations dominant the legislative and political process like never before. Senator Huey Long had it right when he warned: “When fascism comes to America, it will come in the form of democracy.”

As President Franklin D. Roosevelt once described fascism: “The liberty of a democracy is not safe if the people tolerate the growth of private power to a point where it comes strong than their democratic state itself. That, in its essence, is fascism — ownership of government by an individual, by a group, or any controlling private power.”

The most blatant modern example of this was the bailout of Wall Street, when the “too big to fail” banks got politicians to promptly hand out trillions of tax dollars in support and subsidies to the very people who caused the crisis, without any of them being held accountable.

XI :: Modern Day Slavery

Another shocking example of how far we have descended into fascism is the American Legislative Exchange Council (ALEC), which is a group of corporate executives who literally write government legislation. They have gone as far as setting up a system that imprisons the poor and then puts them to work, instead of paying living wages to non-imprisoned workers. Make no mistake, this is a modern day system of slavery unfolding before our eyes.

At the leadership of ALEC and various other Economic Elite organizations, poverty has essentially become a crime. To demonstrate these attacks against the poor, there was $17 billion cut from public housing programs, while there was an increase of $19 billion in programs for building prisons, “effectively making the construction of prisons the nation’s main housing program for the poor [71].” Before laws began to be rewritten in 1980, with direct input from ALEC [72], we had a prison population of 500,000 citizens. After laws were rewritten to target poor inner city citizens with much more severe penalties, the US prison population skyrocketed to 2.4 million people.

We now have the largest prison population in the world. With only 4% of the world’s population, we have 25% of the world’s prison population. As I reported previously, in a report entitled, “American Gulag: World’s Largest Prison Complex [71]“:

“The US, by far, has more of its citizens in prison than any other nation on earth. China, with a billion citizens, doesn’t imprison as many people as the US, with only 308 million American citizens. The US per capita statistics are 700 per 100,000 citizens. In comparison, China has 110 per 100,000. In the Middle East, the repressive regime in Saudi Arabia imprisons 45 per 100,000. US per capita levels are equivalent to the darkest days of the Soviet Gulag.”

XII :: The Death Toll

The dramatic increase in poverty has obviously torn many families apart and caused a devastating psychological toll, but consider the increase in deaths as a result of poverty and severe wealth inequalities. This is a very difficult statistic to accurately measure, but Columbia University’s School of Public Health [73] conducted an intensive examination of mortality and medical data and estimated that “875,000 deaths in the US in 2000 could be attributed to a cluster of social factors bound up with poverty and income inequality.”

As a report by Debra Watson sums up [73] the study, “There is no reason to believe, after a decade that has seen sustained attacks on social programs and consistently high unemployment rates, that the social mortality rate has declined. On the contrary, it has likely risen.” Indeed, poverty and income inequality have skyrocketed since 2000.

Now, let’s consider the fact that, according to the Census Bureau, 31.1 million [74] people lived in poverty in 2000, and according to Columbia’s study 875,000 deaths came as a result. This means that 1 out of every 35.5 people living in poverty die annually as a result of their impoverishment. If you extrapolate this data to the 2009 total of 52.8 million people living in poverty, you get an estimate of 1,486,338 deaths within that year. Even if you use the lower poverty totals from the Census Bureau, 43.6 million people, you get an estimate of 1,228,169 deaths in 2009.

XIII :: Deliberate Systemic Attacks

The dramatic increase in economic inequality and poverty, along with the unprecedented rise in wealth within the top one-tenth of one percent of the population has not happened by mistake. It is the designed result of deliberate governmental and economic policy. It is the result of the richest people in the world, and the “too big to fail” banks, using the campaign finance and lobbying system to buy off politicians who implement policies designed to exploit 99.9% of the population for their financial gain. To call what is happening a “financial terrorist attack” on the United States, is not using hyperbole, it is the technical term for what is currently occurring.

Compare the million people who die annually as a result of these economic attacks, to the 2,977 that died on 9/11. As someone who lived three blocks from the World Trade Center, as tragic as 9/11 was, these economic attacks are much more severe and damaging to us as a nation, albeit a much slower and unseen death toll. Nonetheless, the result is of genocidal proportions. One can statistically compare the economic attacks on the US to the invasion of Iraq, which some estimate as leading to one million deaths. Once again, many of those deaths came in brutal and spectacular fashion in bombing campaigns known as “shock and awe.” However, the death toll compares to the hidden brutality of a four-year campaign of economic “shock and awe.” Just as Iraq was invaded, the US has been invaded by a global banking cartel.

As shocking as that is to realize, consider that this is happening throughout the world. While the US poverty death rate is probably higher than in most European countries, the Federal Reserve’s economic policies [75] — along with policies from the International Monetary Fund, World Bank and Bank of International Settlements — have caused rioting and uprisings over skyrocketing food prices and costs of living throughout the world. The fact of the matter, and very harsh and unfortunate reality of this crisis, is that the global economic central planners are deliberately carrying out genocidal economic policies.

As Che Guevara, a man who took on the global financial elite, once said, “The amount of poverty and suffering required for the emergence of a Rockefeller, and the amount of depravity that the accumulation of a fortune of such magnitude entails, are left out of the picture, and it is not always possible to make the people in general see this.”

When tens of trillions of dollars deliberately flow to the top economic one-tenth of one percent of the global population, while large percentages live in poverty, you have to conclude, in technical terms, that a Neo-Feudal-Fascist state is upon us. The rich have never been richer, while their paid off politicians make budget cuts for the poor and middle class, and cause the cost of basic necessities to skyrocket.

You can call me extreme, but the reality of this is extreme, these people, the global economic top one-tenth of one percent, are genocidal fascists carrying out a holocaust. Fascism has evolved. There is no need to get blood on your hands while rounding up people and putting them into concentration camps when you can do it through economic policy while sitting in a jacuzzi on a corporate jet, or in a three-piece custom-made Armani, completely detached and insulated from the world in which you plunder.

However, as what happens with all empires, greed and arrogance makes them overreach. The beaten down masses get to a point where they literally can’t live under these conditions. This desperation spreads throughout the population until it reaches a critical mass, then, suddenly, they rise up [75] and the empire begins to collapse… Tunisia, Algeria, Egypt, Israel, (Northern Africa, the Middle East), Albania, Greece, Spain, Britain (Europe), Wisconsin…

The Economic Elite are overreaching and their empire is collapsing.

The decentralized global rebellion [75] has begun…

Welcome to World War III.

Which side of history do you want to be on?

As a wise old friend once said [76], “You can’t be neutral on a moving train.”

David DeGraw is the founder and editor of AmpedStatus.com [77]. His long-awaited book, The Road Through 2012: Revolution or World War III [78], will finally be released on September 28th. He can be emailed at David[@]AmpedStatus.com. You can follow David’s reporting daily on his new personal website: DavidDeGraw.org [79]

NOTES

[1] : http://twitter.com/home/?status=EXCLUSIVE%3A+Analysis+of+Financi…

[3] Abstract :: Welcome to World War III: #abstract

[4] Introduction: #intro

[5] I :: Poverty: #poverty

[6] II :: Food Insecurity: #food

[7] III :: Unemployment: #unemployment

[8] IV :: Declining Income: #income

[9] V :: How Much Wealth Do The Economic Elite Have?: #elite

[10] VI :: Who Rules America? Revealing The Economic Top 0.1%: #rules

[11] VII :: Tax Breaks For The Rich, Budget Cuts For The Rest Of Us: #tax

[12] VIII :: Debt Slavery: #debt

[13] IX :: Inflation: #inflation

[14] X :: The Beaten Masses: #passive

[15] XI :: Modern Day Slavery: #slavery

[16] XII :: The Death Toll: #death

[17] XIII :: Deliberate Systemic Attacks: #attacks

[18] The Economic Elite Vs. The People: http://ampedstatus.org/full-report-the-economic-elite-vs-the-people-of-the-united-states-of-america/

[19] declined by 28%: http://pewsocialtrends.org/files/2011/07/SDT-Wealth-Report_7-26-11_FINAL.pdf

[20] my analysis: http://ampedstatus.org/census-bureau-poverty-rate-drastically-undercounts-severity-of-poverty-in-america/

[21] 52,765,000: http://www.census.gov/hhes/povmeas/data/nas/tables/2009/web_tab4_nas_measures_historical.xls

[22] 15.5 million: http://www.childrensdefense.org/child-research-data-publications/data/state-of-americas-2011.pdf

[23] poverty rate would double: http://www.offthechartsblog.org/public-programs-keep-millions-out-of-poverty-new-study-shows/

[24] in half: http://motherjones.com/politics/2011/08/united-states-of-austerity

[25] 25.7 million: http://www.cbpp.org/cms/index.cfm?fa=view&id=460

[26] 45.8 million people: http://www.fns.usda.gov/pd/29SNAPcurrPP.htm

[27] cutting the funding: http://blogs.abcnews.com/thenote/2011/05/congress-mulls-cuts-to-food-stamps-program-amid-record-number-of-recipients.html

[28] additional 22.5 million: http://www.arcamax.com/health/healthtips/s-917916-690577

[29] ShadowStats.com: http://ShadowStats.com

[30] 6.3 million: http://news.yahoo.com/blogs/lookout/down-not-voices-long-term-unemployed-125453267.html

[31] 40.4 weeks: http://www.zerohedge.com…

[32] 16-month high: http://www.challengergray.com/press/PressRelease.aspx?PressUid=184

[33] 10.6 million: http://www.zerohedge.com…

[34] 577,000: http://www.thenation.com/blog/162577/after-debt-ceiling-debacle

[35] 60%: http://www.zerohedge.com/article/how-fed-spent-2-trillion-and-exchange-we-got-650000-temp-leisure-and-retail-jobs

[36] 12 months: http://www.huffingtonpost.com/2011/02/23/us-economy-trades-high-pa_n_827360.html

[37] $8,588: http://www.reuters.com/article/2011/08/04/us-usa-economy-incomes-idUSTRE77302W20110804

[38] quadrupled: http://www.washingtonpost.com/business/economy/with-executive-pay-rich-pull-away-from-rest-of-america/2011/06/13/AGKG9jaH_print.html

[39] summed up: http://www.tax.com/taxcom/taxblog.nsf/Permalink/UBEN-8AGMUZ?OpenDocument

[40] 28%: http://www.huffingtonpost.com/2011/06/15/executive-pay-soars-worker-pay-stagnates_n_877519.html

[41] report: http://dollarsandsense.org/archives/2011/0711cypher.html

[42] 88% of income growth: http://thinkprogress.org/economy/2011/06/30/258388/corporate-profits-recovery/

[43] recently reported: http://www.zerohedge.com/article/attention-marxists-labors-share-national-income-drops-lowest-history

[44] $38.6 trillion: http://www.zerohedge.com/…

[45] $6.3 trillion: http://www.democracynow.org/2011/4/15/offshore_banking_and_tax_havens_have

[46] $1,000,000,000,000: http://www.pagetutor.com/trillion/index.html

[47] richest 400 people: http://ourfuture.org/blog-entry/2011020612/understanding-extreme-incomewealth-gap

[48] 40% of all wealth: http://www.vanityfair.com/society/features/2011/05/top-one-percent-201105?currentPage=all

[49] more wealth than 90%: http://www.youtube.com/watch?v=IykY6WlUIiA

[50] an analysis: http://ampedstatus.org/…

[51] Who Rules America?: http://www.amazon.com/exec/obidos/ASIN/0078111560

[52] $27 million: http://washingtonindependent.com/107493/americas-super-rich-continue-to-make-mind-boggling-sums

[53] $145 billion: http://nymag.com/daily/intel/2010/01/wall_street_pay_for_2009_will.html

[54] $149 billion: http://www.aflcio.org/corporatewatch/paywatch/ceopay.cfm

[55] reported: http://articles.latimes.com/2010/aug/11/business/la-fi-insurance-salaries-20100811

[56] $72 million: http://blogs.courant.com/connecticut_insurance/2011/04/aetnas-former-ceo-ronald-willi.html

[57] war profiteering: http://daviddegraw.org/2011/08/leaked-document-bp-rules-iraq-with-stranglehold-over-economy-by-controlling-largest-oil-field/

[58] $36 billion: http://daviddegraw.org/2011/08/the-joke-is-on-us-once-again-big-five-oil-companies-reaped-36-billion-in-profit-last-quarter/

[59] only 18%: http://blogs.forbes.com/robertlenzner/2011/07/25/the-400-richest-americans-pay-an-18-tax-rate/?partner=yahoofeed

[60] 1,470 Americans: http://www.huffingtonpost.com/2011/08/04/irs-incomes_n_918458.html

[61] $136,000: http://www.commondreams.org/view/2011/08/05-5

[62] 8.9%: http://www.ritholtz.com/blog/2011/04/corporate-tax-rates-then-and-now/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+TheBigPicture+(The+Big+Picture)

[63] $16 trillion: http://www.usdebtclock.org/

[64] $1 trillion: http://www.huffingtonpost.com/2011/04/12/student-loan-debt-may-top_n_848093.html

[65] 11.1%: http://georgewashington2.blogspot.com/2011/07/official-cpi-is-running-36-but-if-it.html

[66] 3.6%: http://www.bls.gov/news.release/cpi.nr0.htm

[67] increased 39%: http://www.fao.org/news/story/en/item/81577/icode/

[68] increased 34%: http://docs.google.com/viewer?…

[69] lost 7.5%: http://www.zerohedge.com/article/gold-just-1-record-nominal-high-1444oz-risk-dollar-crisis-increases-day

[70] 10.8 million: http://daviddegraw.org/2011/07…

[71] housing program for the poor: http://ampedstatus.org…

[72] direct input from ALEC: http://www.justicepolicy.org/uploads/justicepolicy/documents/gaming_the_system.pdf

[73] Columbia University’s School of Public Health: http://www.wsws.org/articles/2011/jul2011/pove-j13.shtml

[74] 31.1 million: http://www.census.gov/prod/2001pubs/p60-214.pdf

[75] Federal Reserve’s economic policies: http://ampedstatus.org…

[76] once said: http://www.youtube.com/watch?v=Ehc3V1g5pm0

[77] AmpedStatus.com: http://AmpedStatus.com

[78] The Road Through 2012: Revolution or World War III: …

[79] DavidDeGraw.org: http://daviddegraw.org/

[80] donate to support our efforts here: http://ampedstatus.com/donation.php

Filed under World Tagged with austerity, Budget Cuts For The Rest, civil unrest, debt, Debt Slavery, Declining Income, deflation, deliberate systemic attacks, Economic Devastation, economic elite, Fascism for the world, financial terrorism, Food Insecurity, hidden taxes, Indebted Citizen, Indentured Servant, inequality, inflation, nodern slavery, Perfect Storm, phantom recovery, propaganda inflation, Record Breaking Poverty, Revealing The Economic Top, severe financial hardship, stagflation, Tax Breaks For The Rich, unemployment, zero net worth

The Footprint of the Establishment

June 10, 2010 1 Comment

The Powers that Be shaped us in more ways than We think!

By Luis R. Miranda
The Real Agenda
June 10, 2010

Every time we need to know what happened in the past we refer to history books, visit a local library, check the Internet or look into

Human Farming is the Establishment's favourite method to enslave the masses.

our own archives to see what history tells us. But how many times do we wonder about what history doesn’t tell us? See, history is not written by historians, they just give us accounts of that official version of history. The reason why many look back in time is to avoid making the same mistakes that our ancestors made as humanity advanced. But how do we avoid those mistakes if we simply don’t know them?

You don’t have to be an expert in history to figure out who wrote it and why. It takes a couple of clicks nowadays. After finishing college, anyone can surely say, for example, what type of government we have, where our educational system comes from and why we fought and continue to fight bloody wars for decades. Can we? Really? What if part of the history you know; the one learned in elementary school, high school and college is not as it is drawn by the books we so carefully read?

If your educated guess to the first question is a Constitutional Democracy or a Republic the answer is wrong. If your answer to the second question is from our Founding Fathers, it is wrong, too. And if your answer to the third question is freedom and independence, it is also wrong.

Let’s take for example the origins of what we call today Government, which many believe is representative. The beginnings of our model of government rests in the Hegelian model of government, not on the model our Founding Fathers would have sketched. The Hegelian model of government believes that IT is supreme, and that individuals must be subjects of the government – i.e Patriot Act, Martial Law, Illegal Spying, Torture, Military Commissions Act, RFID card, etc. But how do the elites that support this kind of governance get away with telling us that we live in a free democracy? They indoctrinate us almost from birth in concentration camps called schools, which not only do not follow a democratic government’s educational policy, but instead, a very well redesigned version of the Prussian Universal Education model, put together by the same elite that pays to publish the history you and I know.

Now, you probably think, how can an elite simply get away with all this? To put it simply in one sentence, it’s called a Political Conspiracy. The elite, better known as the powers that be, not only wrote the history you and I know, but also designed and financed the educational system you and I attended, modeled after the Hegelian form of government they adore and praise. That is why we have no clue about it, because we were born and raised in a Matrix type of environment that seems natural to all.

You are right! There need to be hundreds and thousands of people involved in a conspiracy of such level in order for it to work… and there are… The brain of this conspiracy, the Club Bilderberg, meets once a year in cities of their choosing like Virginia, Versailles, Stresa, Munich, Ottawa, Istanbul and Sitges to discuss global policies on economy, environmentalism, politics, health, trade, immigration, etc. Among the attendees are elements from the Bank Industry, The Military Industrial Complex, Academia, The Pharmaceutical Industrial Complex, Mass Media, and of course the politicians we vote for every four years. In one word, the Elite.

I know… You want me to call them by their names… After reading through lists of Bilderberg attendees over the years, I can absolutely and certainly say that crooks like David Rockefeller, the same Dave whose family financed the Hegelian inspired Universal Education system we studied in, Jose Luis Rodriguez Zapatero, Hillary Clinton, John Edwards, George Pataki, Texas governor Richard Perry, John Kerry, Henry Kissinger, Etienne Davignon, Paul Wolfowitz, Bill Gates, Bill Clinton and Donald Rumsfeld, among others. These and other people who have in their hands the present and future of our world, are the cabal responsible for hiding the truth about history that most of us don’t know. Why? Because they wrote it themselves.

The Footprint the Establishment has left and continues to leave in our lives, our society, and our world began early in the 1800′s. As I said before it is a political conspiracy, that is, the use of political power which is passed around from generation to generation in order to keep the secrecy of their association.

Let’s see how a conspiracy works. First, there has to be a secret meeting. Second, those who meet must agree to a course of action; and third, such action must be illegal. The Establishment, or what many call The Order, derives from a German secret society. The order was included as the Russell Trust in 1856, to later be known as the Brotherhood of Death. To us all, it’s better known as “Skull and Bones. The American version of this Order was founded in the U.S in 1833 at Yale University by General William Russell and Alphonso Taft, who in 1876, became Secretary of War under the Grant administration in the United States. The Order meets annually on Deer Island in the St. Lawrence River. Among the original members are Samuel Henshaw Bates, Rufus Hart, Asahel Hooker Lewis, Samuel Marshall and Frederick Mather. All of these people along with the two founders occupied high level position in early forms of government.

The beginnings of this elite governed group can be traced back to the 1600′s when the first wealthy families arrived to the U.S from England. One example is the Lord family. In this particular case there were two branches: The one from Thomas Lord and the other from Nathan Lord. Later members arose from families who managed to make money to send their children to Yale, such as the Harriman, Payne, Davison and of course Rockefeller. The Lord’s established themselves in Hartford Connecticut where they kept a tradition typical of the elite: Intermarriage; in order to further concentrate and maintain power.

From there, they extended their arms to places like New York, where they founded businesses like law firms and consultancies. Among their clients, the New York Times and the Rubin Foundation. The latter is the financial supporter of the Institute for Policy Studies in Washington DC.

So, now that we know how the establishment got to us, let’s see how it’s left a footprint in three of the most important aspects of our lives: Education, Energy and War.

The concept or idea over which The Order works is control; controlling it all through the compartmentalized control of the parts. For example, if they control the politicians, they can get access to powerful governments on two or three or whatever the number of political parties that exist. If they control energy companies, they can subdue society into accepting only the means of energy they can make a profit of. If they control the media, they can tell us their version of world events; who’s the bad guy and the good guy. If they own the producers of weapons, they will encourage war, and finance all the sides involved in the war because they know the profits and the control derived from war will be much greater. If they own the pharmaceutical companies, they will own all the patents to the drugs the population consumes and at the same time ban any claim on medicinal products they don’t control. If they control the food industry, the production of goods, they can sell cheap food to the masses to make them sick and fat, so they have to consume the illicit drugs they produce which by the way make people sicker. If they control the election process through remotely controlled electronic voting machines instead of traceable paper ballots, they will never let go off power.

Why do I point to Education as an important example of the way the Establishment leaves a footprint? Well, because the complete development of a society rests on the educational level of the members. In the case of the Western world, the educational model was founded after the Prussian Educational mold. This model came into existence in 1819 in the military state of Prussia. There, the Elite decided that the population had to be converted into instruments of the State in order to increase efficiency. The system was based on the premise that by erasing the creative, innovative ability of the population was how they would become obedient servants. In a matter of a few years, Prussia, which did not have natural resources, became one of the richest regions in Germany. It became so influential, that it was later the city from where two world wars originated. It was through a fully controlled educational system designed to dumb down the population, that the Elite was successful in their attempt to impose any policy they wanted to a willingly accepting crowd of mental zombies. Many countries around the world studied and continue to study the Prussian model today. From Japan to China to England to the United States. In America, John D. Rockefeller and Andrew Carnegie imported the Prussian model through their foundations. It later evolved and new concepts appeared. One of them very well known to us all, Human Resources brought upon the masses the infamous Kindergarten, where children are grown up like vegetables to become subjects to the system that saw their parents come up the very same way. Later on, the Elite realized they weren’t getting people young enough so they founded the Pre-Kindergarten.

Behind this system of control was the goal that the Establishment has always had, the disintegration of the most basic form of social unity; the family. The family is the biggest obstacle to create the global system of control, therefore it has to be done away with. Multiple options were offered to parents, among them, to put the children in the hands of “experts” who had been already brainwashed following the Prussian model. The only difference perhaps between the original Prussian system and the one that currently operates around the world, is that in Prussia, the laws explicitly said that the State owned the children. In the U.S efforts were made in the 19th century to create such laws, but they did not bear fruit. The Prussian system was sneaked into society under the fear instilled by world wars, economic depressions and of course the already traditional feeling of dependency that the population has towards the State.

In 1871 in the book called “Descent of Men” Darwin said 95% of the people were inferior and only 5 % were evolving. From this way of thinking came the teachings of Sr. Francis Galton, the father of Eugenics, from whom men like H.G Wells and William Huxley took off to write their famous “scholarly” works. It is important to note, that although many people regard Charles Darwin as an outsider that made it into the circle through his discoveries in he sciences, the truth is that Darwin’s family was one of the richest in the world. Darwin met with the members of the Elite for many years. In those meetings they tailored science to fit the reality they wanted the rest to learn. John Calvin said there are so many of these inferior people that we cannot police them, so we are gonna have to teach them to police themselves; and generation through generation, the population was dumbed down more and more until it fit the corporate fascist model the Elite wanted.

The common denominator of this educational model, no matter where it’s been applied, is the fact that the
masses -from where ingenuity and creativeness emanated- became nothing else than obedient sheep; docile beings that do not know much more than what they learn in high school or college. As a result, we now have a population that cannot find their country on a map, much less other countries like Iraq or Afghanistan. However, the masses do support invading the two countries in the name of peace. In 1950 the U.S had 90% of all patents in the world, nowadays it only owns about 30 percent and dropping fast. The Prussian model has worked to perfection. The same can be said about other countries.

Now when we turn our head to the Energy issue, it is important to note other members of the Elite, or the Order that have been key in the implementation of Educational and Energy policies. I earlier said that the origin of this Elite is immigrants from Europe; England to be more specific. The Lords, the Rothchilds and other families that emerged later like the Rockefellers, the Carnegies, the Morgans and of course, the Bushes. The founders consisted of Puritans who always absorbed the wealth of rich families, without inviting those families to join their organizations. Most of these families were bankers, lawyers and traders that later became the Barons of the Mercantilistic model that substituted free markets. In the energy sector the Bush family has been a continuous player. They have maintained contact with Saudi Arabia’s kingdom for years and have done business with them thanks to the fortunes stolen by Prescott Bush, the grandfather of former president Bush, from the Nazi Empire when he left Germany after their defeat. With him others like Percy Rockefeller, the Paynes, the Pratts, etc are all linked to the Standard Oil Company, the Shell Oil Company, Creole Petroleum and Socony Vacuum. Currently we are fed the idea of the lack of sources of energy. While fossil fuels are painted as necessary evils to the development of the world, we are also told that oil reserves are scarce and that we have reached a peak. The debate in the main stream corporate Elite-controlled media is always centered on the pollution or the scarcity, but very little time is given in comparison to real alternative energy sources. While countries like Brazil run their cars on sugar cane-derived ethanol, the United States still remains in the debate of which alternative source is better or how many miles per gallon should a car provide. Let’s take a look at a source of energy that is never discussed: Cold Fusion.

Cold Fusion occurs when lighter nuclei in an atom fuse together under intense heat in a reaction to form a heavier nucleus. One of the results of this fusion is the release of gigantic amounts of energy which would provide an endless source of energy to carry out the world businesses for as long as humans exist. All this by the way, at conditions near room temperature and atmospheric pressure. However, Cold Fusion has been dismissed as an impossible by the profiteers who own the energy companies we depend on to live. Government agencies have also dismissed the potential of Cold Fusion and denied funding to further investigate the possibility of developing technology that allowed us to be energy independent. Instead, they suggested a bunch of alternative energy sources that counted with their blessing such as corn-based ethanol which has proven to be a new failure.

The cold fusion researchers presenting their review document to the 2004 DoE panel on cold fusion said that the observation of excess heat had been reproduced, that it can be reproduced at will under the proper conditions, and that many of the reasons for failure to reproduce it have been discovered. Despite the assertions of these researchers, most reviewers stated that the effects are not repeatable.The 1989, a DoE panel said: “Nuclear fusion at room temperature, of the type discussed in this report, would be contrary to all understanding gained of nuclear reactions in the last half century; it would require the invention of an entirely new nuclear process”, but it also recognized that the lack of a satisfactory explanation cannot be used to dismiss experimental evidence. (Wikipedia)

However, for those who know what Cold Fusion is and how it works, the future is promising. Dr. Edmund Storms, a retired scientist who worked at the Los Alamos National Laboratory, said the only problem is the attitude people have towards Cold Fusion as a source of energy. “It’s an interesting time because a number of other ideal sources are being proposed. Cold fusion is probably the most thoroughly documented at this point, but all of them have several things in common. They would be very inexpensive, pollution-free, and inexhaustible.” Questioned about whether Cold Fusion violates the First Law of Thermodynamics, which has been one of the reasons given to keep the experiments and the funding off the table, Dr. Storms says: “No one is proposing to violate the Law of Conservation of Energy. We’re talking about ordinary nuclear energy. There’s nothing magical about it. It’s the mechanism for achieving these nuclear reactions that is poorly understood at this time and, therefore, is in dispute.”

Although according to Storms neither the government nor any enterprise could practically deny access to the knowledge of Cold Fusion, anyone could seriously damage the research and progress of new technologies by claiming that the knowledge is flawed, thereby, making it harder to find funding or support of any kind.

In a book called: Cold Fusion: Secret Energy Revolution, Anthony Sutton declares that Cold Fusion is already being worked with in different laboratories around the globe and that soon, either governments or companies will come forward with practical applications. According to Sutton, Cold Fusion technology is being used by companies like BlackLight Power, Inc, Catalytic Fusion Power, Inc and financed by DARPA to produce catalytic hydrogen technology. “Free energy is here with water as fuel and will revolutionize our world. One device is the size of a thermos flask, uses water as fuel and lasts indefinitely,” Sutton declares. How many times have we heard of Cold Fusion on the news? Read on the papers? In the meantime we are led to believe that we are destined to invade middle eastern countries for their oil as the only way to secure our future energy sources. Of course of the mass population knew a little about alternative energy sources, they wouldn’t support needless wars or the drilling of National Parks or ice shells for petroleum.

Now, the subject of energy brings along a very important issue, which is exactly a consequence of energy dependence: War. If countries were energy independent, there would certainly be less conflict among them. This is because one country would not be able to impose rules onto others because they own energy sources that the other countries need. Today, OPEC controls the supply of petroleum which is vital to the commercial activity that moves the world. A handful of countries decide how much oil is produced and with that, the prices are determined. If the producers feel like they are not getting enough profits for their oil, they can simply decide to limit output so the price goes up. Although energy is probably the clearest example of how dependence causes conflict, there are countless other ones. For example, food production, manufacturing, the printing of paper money -which nowadays has turned out to be worthless, land tenure, immigration, etc.

The important point here is that war; just as many other activities, is a business. Investments are made before war occurs, so profits are expected. The best way to secure maximum profits is to invest on all sides, and that’s what history shows has happened in all major conflicts that humanity has endured: WWI and WWII are two examples. Here of course the Elite has left their Footprint stamped deeper than in any other aspect under their control. Then we have the Spanish-American as well as the Mexican-American wars which are also great examples. All armed conflicts recorded in history have come about due to the greed and evil spirit of those who seek to control us all. Although money and profits are important factors, the end goal is control. This control comes through consolidation. Armed conflicts and economic unrest provide great opportunities to bring about this consolidation and therefore control. When a country or the whole world goes into military or economic crisis, the people are the victims, while the Elite not only increases their resources tenfold, but also their control of industry, the bank system, infrastructure, military, land, and more important… Us. No example of a central government that ruled with an iron fist is responsible for an era of prosperity or bountifulness. On the contrary, it always mirrors repression, crisis, abuses, torture and inequality.

The reason why I linked war and conflict with oil, is because it is the freshest example. But the American civil war, the Spanish-American and WWI and WWII were also about influence and consolidating, a position as the world’s superpower. At the beginning of this essay I mentioned where the members of the Order came from and what type of businesses they are tied to. Nowadays, the war profiteers are weapons contractors, energy companies, security contractors, oil diggers, insurance companies and others. When a war explodes anywhere in the world, the list of companies offering their services to provide weaponry, planes, transportation, security, insurance and medical services is already typed up; and they are the same crooks who have already invested in promoting the wars during which they will provide services. When a country is dominated by the will of global corporations like Shell, NewsCorp, Halliburton, BP, GE, bankers like JP Morgan and wealthy men like Rupert Murdoch, David Rockefeller, Lord Rothchild and Prescott Bush, the decision to go to war or not isn’t made; it is imposed. Every major war has been financed by these and other families who have always held power by dominating all the sides involved in the conflicts. It’s a win-win situation. No president, prime minister or dictator achieved their goal of tyranny and control alone, there have always been the men behind the curtains who provided money, intelligence and hardware to carry out their own agenda. The group of bankers who created the private Federal Reserve, who control the Bank of England, the World Bank… is the same cabal that dictates the policies of the World Health Organization, who created the United Nations and who wrote the Nazi oriented Universal Human Rights Declaration to which they want us all to submit to.

Only those who really know history are able to envision the future; the future they want. The rest of us…, we’d better wake up and fight the bastards or we are doomed to repeat it.

Consulted Materials:

UNDERGROUND HISTORY OF AMERICAN EDUCATION. John Taylor Gatto.
AMERICA’S SECRET ESTABLISHMENT. Anthony Sutton
COLD FUSION AND THE FUTURE. Jed Rothwell
AMERICA: FREEDOM TO FASCISM. Aaron Russo
THE END OF AMERICA. Naomi Wolf
PROGRESS AND POVERTY. Henry George
THE WEALTH OF NATIONS. Adam Smith
WIKIPEDIA

Filed under World Tagged with Aaron Russo, abuses, Academia, Adam Smith, afghanistan, AMERICA'S SECRET ESTABLISHMENT, AMERICA: FREEDOM TO FASCISM, Andrew Carnegie, anthony sutton, asahel hooker lewis, Bank Industry, bank of england, bankers, bilderberg club, Bill Clinton and Donald Rumsfeld, bill gates, BlackLight Power, books, books internet, BP, Brazil, brotherhood of death, bush, Catalytic Fusion Power, catalytic hydrogen technology, children, cold fusion, COLD FUSION AND THE FUTURE, college, compartmentalization, compartmentalize, Connecticut, constitutional democracy, Corruption, Creole Petroleum, crisis, DARPA, darwin, david rockefeller, descent of men, dictator, dumb down, educational system, electronic voting machines, elite, elitists, energy, energy companies, england, establishment, ethanol, Etienne Davignon, eugenics, family, FEderal Reserve, food industry, footprint, founding fathers, frederick mather, free market, GE, George Pataki, germany, government, H.G Wells, halliburton, hartford, Hegel, hegelian, Henry George, Henry Kissinger, high school, Hillary Clinton), historians, history, Human Farming, human resources, Illegal Spying, illicit drugs, Inc, inequality, infrastructure, Institute for Policy Studies, investments, Iran, Iraq, Jed Rothwell, John Calvin, John D. Rockefeller, John Edwards, John Kerry, john taylor gatto, Jose Luis Rodriguez Zapatero, JP Morgan, Kindergarten, land, law of conservation of energy, Lord family, Lord Rothchild, Los Alamos NAtional Laboratory, martial law, Mass Media, matrix, mercantilism, Mexican-American War, Military, Military Commissions Act, mistakes, Naomi Wolf, nathan lord, nazi, New York, NewsCorp, Oil cartel, OPEC, patriot act, Paul Wolfowitz, Payne, Percy Rockefeller, pharmaceutical companies, political conspiracy, political power, Pratts, Prescott Bush, PROGRESS AND POVERTY, prussia, repression, republic, researchers, RFID card, rufus hart, Rupert Murdoch, samuel henshaw bates, samuel marshall, saudi arabia, school, secrecy, Shell, Shell Oil, sick fat, skull and bones, Spanish-American War, Sr. Francis Galton, Standard Oil Company, Texas governor Richard Perry, the bank system, THE END OF AMERICA, The Military Industrial Complex, The Pharmaceutical Industrial Complex, THE WEALTH OF NATIONS, the World Bank, Themodynamics, thomas lord, Torture, UNDERGROUND HISTORY OF AMERICAN EDUCATION, united nations, Universal Human Rights Declaration, War, Washington DC. education, weapons, WIKIPEDIA, William Huxley, william russell, World health organization, WWI, WWII, yale university

…And Now For a Global Bank and a Global Currency

May 18, 2010 3 Comments

By Luis R. Miranda
The Real Agenda
May 18, 2010

Since I was a child I hear about the possibility of one world currency. Back then no one around me knew how to explain how thatwould come about or who would control it. The answer to those questions are now clear. Dominic Strauss-Kahn answered my childhood questions. A Global Currency managed by a Global Central Bank. The IMF chief said so in Zürich, Switzerland, during a meeting in which he confirmed his view that this crisis “is an opportunity”.

According to Kahn, the Global Central Bank and Currency would be a thing of last resort, in cases when the global economy is in shambles. He said the new currency would be a “risk-free asset for the system independent of national currencies,” and that a “global central bank could also serve as a lender of last resort”. How smart of Mr. Kahn. The problem is that this ideas aren’t new and aren’t his. The push for a global financial body has been in the works for decades.

The idea of a global body that controls the issuance of currency and all financial policy was created before the United Nations, the League of Nations and the European Union were born. This principle of concentrating power and policy originally intended to amass control with the excuse it would avoid economic corruption and disaster. However it doesn’t take too long to find out it is exactly the opposite. Just as the creation of the League of Nations, the United Nations and the European Union did not end war, neither will a centralized supranational organization end economic unrest. In fact, it will perpetuate it.

Let’s take a look at past events. Since the United Nations was born, we experienced conflicts in every continent. Those conflicts were not the works of countries against countries, but the destabilization came in the form of rogue groups sponsored by governments or their intelligence agencies. Mossad, MI6, CIA, Taliban and the IRA are just a few examples. Country-sponsored wars are a thing of the past, and in their letters of intent, the countries that pushed for the creation of the League of Nations and the U.N. knew they would not need such a tool because they also controlled terrorist organizations that would do the work for them.

In the world of economics and finances, the empires, or the countries that aspire to become empires also have their tools to carry out economic and financial terrorism. The Corporations that initially were outside governments hired financial institutions to carry out their fraudulent activities. Then, the Corporations became government and it got even easier to carry out financial terrorism. Multinational Banking Corporations established a new order controlled by themselves, ended oversight and created policies that effectively turned them into the masters of the world’s economy.

So, the bankers did not need Al-Qaeda, MI6, Mossad or the CIA to bring the world to its knees. That goal could be achieved from and through Wall Street, the IMF and Bank of International Settlements. The creation of regional blocks to promote commerce and exchange was an excuse to consolidate power and resources. This idea would later be tested at a global level by promoting the creation of a global financial entity which will control the issuance of money and the terms under which that money is lent.

What were the results of the concentration of financial and economic policy in Europe? We are seeing them right now. Iceland, Greece and now Spain, Portugal and England are in shambles. Why? Because financial homogenization is not meant to provide stable economies and sound policies, but to tighten controls and carry out policies that will allow the bankers even more. The goal of the bankers has never been to have a stable economy with sound monetary policy, because in that kind of world they have less control and the wealth is not concentrated in their hands.

Let’s look at another example history provides us: The creation and adoption of globalist policies like the free trade agreements. NAFTA, CAFTA, GATT to mention a few, were the troops on the ground for the bankers. The end of the industrial world, the end of Capitalism -as it successfully worked for some time-, gave way to open borders for cheap, toxic products to flow and illegal aliens to migrate. Not only did the free-trade agreements ended industry, but also annihilated the social safety net in the nations of the western world. While cities’ and towns’ monies were robbed and divested to imaginary financial products, illegal aliens sucked dry the already battered social services in every nation of the Americas and Europe.

Nowadays, the most influential politicians and pop culture stars plead for the nations to disrespect their constitutions and laws by allowing not only free-trade agreements, but the continuous flow of illegals through every possible place at the borders. Enforcing immigration and constitutional laws is seen as racist and those proposing legal immigration are labeled as unjust, inhumane and simply lunatics. This is exactly the result the banking globalists hoped for. Dividing and conquering has never looked better. Sound immigration policies are sure radical in a world where everyone unconsciously believes open borders are the normal thing and cheap slave-made goods are the best bang for their buck.

Now that we have taken a look back, let’s take a look forward. What would a world with more concentrated power and control in the hands of the makers of the current crisis look like? Let’s be optimistic and say it could not look better, it will not look better. The centralization of power and governance at regional levels is what caused the mess we are in right now, so further centralization in the hands of those who financed Hitler, Mao, Stalin, Noriega, Pinochet, Saddam and who now control and finance the shadow governments of the United States, Great Britain, Asia and Africa, will spin the world even more out of control. For their benefit, of course. History doesn’t lie, does it?

Those who promised the end of wars, only brought more of it, and those who promised financial stability only created more inequality, poverty and misery. Would you trust your house keys to the thief who stands outside your property to take care of it? You wouldn’t. You shouldn’t. In the next election, wherever you live, vote yourself in and vote the crooks out. That is the only way to defeat their agenda of conquest and slavery. Many people are already actively working to end the global tyranny they created decades ago, so you are not alone.

Now, enough talk! Let’s act! Next, there is a list of some of the corporations in fraudulently in charge of the world today. I am hoping you can deny them the privilege of running your life. Stop using, buying or in any way consuming their products. Let’s use their globalism against them. A global boycott of their cheap, toxic and fraudulent products will be the first step.

Disney Adidas Time Warner IBM

Merck Napa Holiday Inn ACE

Old Navy Ford Seven Eleven USPS

Comcast Chevrolet Citgo VISA

CNN Dyncorp Pepsi Chevron

Coca Cola True Value Kraft Chrysler

Exxon Mobile General Electric Starbucks Westinghouse

Taco Bell Wells Fargo America Online KFC

NBC Universal American Airlines Royal Dutch Shell Bank of America

CBS The Carlyle Group GAP Master Card

Master Card Stop&Shop HBO ABC

Nike Wal Mart Jiffy Lube JP Morgan

GM Volkswagen Fox News Channel Monsanto

Du Pont NASA Pizza Hut Syngenta

Microsoft Mc Donald’s Home Depot Safe Way

Burger King Sony Dodge Intel

Staples Verizon Toro John Deere

Firestone Bechtel MSNBC Goodyear

Amoco AT&T Mitsubishi Nestle

Feel free to suggest names of more corporations through the comment section. Also, respond to our poll regarding corporate control of government below.

Filed under World Tagged with africa, AMerica, Americas, asia, borders, CAFTA, capitalism, centralization, commerce, conflict, constitution, control, corporations, countries, crooks, currency, destabilization, Dominic Strauss Kahn, economic corruption, election, empires, europe, European Union, exchange, financial body, financial terror, financial terrorism, fraud, fraudulent, free-trade agreements, GATT, global bank, global boycott, global currency, global economy, global tyranny, Great Britain, history, Hitler, illegal aliens, illegal immigration, IMF, immigration, industrial world, inequality, IRA, League of Nations, Mao, MI6, misery, monetary policy, Mossad, multinational banking corporation, NAFTA, national currencies, Noriega, Pinochet, policies, policy, pop culture, poverty, power, racism, racist, regional, regional blocks, Saddam, social services, Stalin, supranational, Taliban, terror, terrorists, toxic, UN, united nations, united states, unrest, War

Decline of the United States of America: The Moral, Political and Economic Causes

Analysis of Financial Terrorism in America

The Footprint of the Establishment

The Powers that Be shaped us in more ways than We think!

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