Corporate take over in the New World Order
The poverty of our century is not, as poverty was before, the result of natural scarcity,
but of a set of priorities imposed upon the rest of the world by the rich.
Consequently, the modern poor are not pitied...but written off as trash.
John Berger
In the 1980s and 1990s an economic revolution began that we call globalisation.
That economic revolution has led us to the brink of economic, social and cultural collapse.
When the crash comes, as it will, the world will be thrown back into a period of stagnation highlighted only by extreme violence.
So what was this economic revolution?
The wealthy were given the opportunity to invest heavily in overseas developing markets where working conditions and salaries are pitiful: maximising their returns.
Those developing markets have been transformed in the subsequent years into strong industrial markets with vast foreign investments; however, they have limited value as consumer markets as the workforce is underpaid. The economies themselves are also over inflated and dependent on the foreign investment without which they will crash.
Meanwhile the countries where these investments originated have been converted into service based economies by their political leaders. Unfortunately service based economies aren't strong enough to drive sufficient consumerism to feed the hungry corporate entities that demand ever more profits for their investors.
Consequently banks in the west lent ever more money to low paid workers to maintain demand for products made in the third world so that the rich global 1% could continue to receive interest on investments.
The global 1% having earned vast sums then 'off shored' their earnings to avoid national taxation.
Governments don't have any money; they get their money from taxation.
The 99% in the west are no longer earning enough to fund state commitments because they now work in a service based economy instead of an industrial based economy, ergo, lower salary, less tax being paid.
The global 1% having off shored their earnings aren't paying taxes. Corporations are registered abroad and thus avoid corporation tax.
Net result: western governments, deprived of tax revenue are forced to borrow or find other ways to fund education, health, armed forces, police forces, roads, infrastructure, etc. and start to build up debt.
An example of this borrowing in practice in the UK, the government resorted to Private Finance Initiatives (PFI) to build hospitals and schools etc. which enabled the global 1% to invest in public building with massive, guaranteed returns funded by the tax payer.
Western workers started to get poorer, borrowing more and more. This was unsustainable; the poor became too poor to service their debts, spiralling into destitution and defaulting on their loans.
The global 1% started to get richer than anyone had ever been before, benefitting from tax avoidance, possibly evasion and high dividends from corporations avoiding corporation tax.
This insanity continued for a number of years until it culminated in the crash of 2008. This was always predictable, not simply because of the sub-primes or the Credit Default Swaps (CDSs) or any other of the so called 'exotics' that the banks dreamt up to maintain their profits and ability to pay competitive dividends to the global 1%, but because the whole thing was a house of cards, waiting to collapse.
To add insult to injury, once the inevitable collapse happened, the politicians, servants of the global 1%, appropriated taxpayers' money to bail out the banks, so that they could continue to produce dividends for the global 1%.
The poor were then plunged into austerity in order to recoup this money to the various treasuries across the globe to pay for health etc.
In addition to this:
The west has been waging a 'war on terror' for 10 years, at huge financial cost to the US &UK taxpayer, a massive human cost and resulting in the virtual destruction of Iraq, Syria and Libya. The 'war on terror' allowed the Neo-Conservatives to implement a 'Plan for the New American Century' which is aligned with the objectives of the 'Oded Yinon Plan - 'A Plan for Israel in the 1980s'; the expansion of Israel to become the most dominant force in the Middle East.
It is the nature of war that huge profits can be made. This war is no different and the global 1% has made a great deal of profit, profit which again has managed to avoid the taxman.
Western politicians, servants of the global 1%, have appropriated taxpayers' money to fund 'rebuilding' of these countries destroyed by the western military and given the work to large western multi-nationals, excluding the indigenous companies.
This 'rebuilding' work was never properly begun and hasn't been completed although billions have been siphoned off by the many corporations involved, once again paying large dividends to the global 1%.
Where are we now?
Nation states thus underfunded, having to borrow to continue to provide services are forced into unimaginable debt to the tune of trillions.
The 99%, forced to bail out the banks, fund the 'war of terror' and subsidise private investment, struggle with ever-reducing public services and find themselves in crippling debt.
The global 1% get ever richer and richer.
So what happens next?
The total dollar value of global debt is $58,500,000,000,000.00 ($58.5 trillion)
Soon the global economy will collapse, probably starting in Japan where debt is 261% of GDP. China's false growth rate figures will be exposed and it is likely she will try to cut her losses, possibly dumping her American debt. Following this, America will slide into irretrievable recession worse than anything ever before imagined. South America will collapse into chaos and revolutions. Europe will collapse under the burden of debt and fracture possibly into civil wars. The Middle East will continue to tear itself apart in a religious revolution.
The global 1%, having foreseen this, will have shifted their shares into land and gold, and will ride out the storm on their yachts; when it's calm they will return to business as usual.
The rest of us will be destitute, foraging for food and water and begging for scraps at their tables.
Suggestion: stock up, make contingency plans and arm yourself.
but of a set of priorities imposed upon the rest of the world by the rich.
Consequently, the modern poor are not pitied...but written off as trash.
John Berger
In the 1980s and 1990s an economic revolution began that we call globalisation.
That economic revolution has led us to the brink of economic, social and cultural collapse.
When the crash comes, as it will, the world will be thrown back into a period of stagnation highlighted only by extreme violence.
So what was this economic revolution?
The wealthy were given the opportunity to invest heavily in overseas developing markets where working conditions and salaries are pitiful: maximising their returns.
Those developing markets have been transformed in the subsequent years into strong industrial markets with vast foreign investments; however, they have limited value as consumer markets as the workforce is underpaid. The economies themselves are also over inflated and dependent on the foreign investment without which they will crash.
Meanwhile the countries where these investments originated have been converted into service based economies by their political leaders. Unfortunately service based economies aren't strong enough to drive sufficient consumerism to feed the hungry corporate entities that demand ever more profits for their investors.
Consequently banks in the west lent ever more money to low paid workers to maintain demand for products made in the third world so that the rich global 1% could continue to receive interest on investments.
The global 1% having earned vast sums then 'off shored' their earnings to avoid national taxation.
Governments don't have any money; they get their money from taxation.
The 99% in the west are no longer earning enough to fund state commitments because they now work in a service based economy instead of an industrial based economy, ergo, lower salary, less tax being paid.
The global 1% having off shored their earnings aren't paying taxes. Corporations are registered abroad and thus avoid corporation tax.
Net result: western governments, deprived of tax revenue are forced to borrow or find other ways to fund education, health, armed forces, police forces, roads, infrastructure, etc. and start to build up debt.
An example of this borrowing in practice in the UK, the government resorted to Private Finance Initiatives (PFI) to build hospitals and schools etc. which enabled the global 1% to invest in public building with massive, guaranteed returns funded by the tax payer.
Western workers started to get poorer, borrowing more and more. This was unsustainable; the poor became too poor to service their debts, spiralling into destitution and defaulting on their loans.
The global 1% started to get richer than anyone had ever been before, benefitting from tax avoidance, possibly evasion and high dividends from corporations avoiding corporation tax.
This insanity continued for a number of years until it culminated in the crash of 2008. This was always predictable, not simply because of the sub-primes or the Credit Default Swaps (CDSs) or any other of the so called 'exotics' that the banks dreamt up to maintain their profits and ability to pay competitive dividends to the global 1%, but because the whole thing was a house of cards, waiting to collapse.
To add insult to injury, once the inevitable collapse happened, the politicians, servants of the global 1%, appropriated taxpayers' money to bail out the banks, so that they could continue to produce dividends for the global 1%.
The poor were then plunged into austerity in order to recoup this money to the various treasuries across the globe to pay for health etc.
In addition to this:
The west has been waging a 'war on terror' for 10 years, at huge financial cost to the US &UK taxpayer, a massive human cost and resulting in the virtual destruction of Iraq, Syria and Libya. The 'war on terror' allowed the Neo-Conservatives to implement a 'Plan for the New American Century' which is aligned with the objectives of the 'Oded Yinon Plan - 'A Plan for Israel in the 1980s'; the expansion of Israel to become the most dominant force in the Middle East.
It is the nature of war that huge profits can be made. This war is no different and the global 1% has made a great deal of profit, profit which again has managed to avoid the taxman.
Western politicians, servants of the global 1%, have appropriated taxpayers' money to fund 'rebuilding' of these countries destroyed by the western military and given the work to large western multi-nationals, excluding the indigenous companies.
This 'rebuilding' work was never properly begun and hasn't been completed although billions have been siphoned off by the many corporations involved, once again paying large dividends to the global 1%.
Where are we now?
Nation states thus underfunded, having to borrow to continue to provide services are forced into unimaginable debt to the tune of trillions.
The 99%, forced to bail out the banks, fund the 'war of terror' and subsidise private investment, struggle with ever-reducing public services and find themselves in crippling debt.
The global 1% get ever richer and richer.
So what happens next?
The total dollar value of global debt is $58,500,000,000,000.00 ($58.5 trillion)
Soon the global economy will collapse, probably starting in Japan where debt is 261% of GDP. China's false growth rate figures will be exposed and it is likely she will try to cut her losses, possibly dumping her American debt. Following this, America will slide into irretrievable recession worse than anything ever before imagined. South America will collapse into chaos and revolutions. Europe will collapse under the burden of debt and fracture possibly into civil wars. The Middle East will continue to tear itself apart in a religious revolution.
The global 1%, having foreseen this, will have shifted their shares into land and gold, and will ride out the storm on their yachts; when it's calm they will return to business as usual.
The rest of us will be destitute, foraging for food and water and begging for scraps at their tables.
Suggestion: stock up, make contingency plans and arm yourself.
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