If you have read my last six articles, we started following the money drilling down on a 30,000,000 data-set of company registrations.
The heart is in two main industries; one banking and second is the military-industrial complex that protect their control. Both have the biggest budgets and biggest impacts on the world. Instead of occupying Wall Street during the next economic failure we should take that movement and focus a light on these people to call them out on their monopolistic enterprises and over-paid executives. Protest at their homes, offices and target their direct business holdings. There will never be a better time to let these industries, that are systemically connected, fail and transfer that ownership from that 1% back to the people.
The worlds largest 49 holding companies are financial companies and their few leaders control the markets. So you may see different logos such like Shell, ESSO, BP or Coke verses Pepsi but really these leaders set these companies’ tone and direction. This is a near monopoly with different logos floating around. In the $1.5 trillion dollar food industry the top four companies hold the market share of: beef 82%, chicken 53%, soy and corn 85%, pesticides 62% and seeds 58%. Health care has a small class of individuals and firms that include virtually the entire health-care industry in the USA. They have taken health care as a percentage of the US economy from about 3% to 20% in 30 years.
In 1983, fifty corporations dominated almost every mass medium. In 1987, the fifty companies had shrunk to 29. In 1997, it became ten with the $19 billion Disney-ABC merger, at the time the biggest media merger ever, which was then eclipsed by AOL Time Warner’s $350 billion merger in 2000. Now, six corporations collectively control U.S. media today. AT&T is in talks to merge with Time Warner for $100 billion and Monsanto the most hated name on the planet is dissolving its ugly name into Bayer in a $67 billion merger.
If you look at money and consider it labor, in other words, you did some work and traded it for paper money then that dollar bill has pent-up work, energy or productivity stored in it. As history shows when people went out to hunt or grow food they could provide for their families and still have some time for themselves and some extra food to store for winter. Now the majority of people cannot do this because the two largest budgets on the planet have sucked the productivity out of everyone through fees, taxes and expenses like a parasite on society.
35 Percent Of All Americans Have Debt That Is At Least 180 Days Past Due
69 percent of all Americans have less than $1,000 in savings today. In essence, more than two-thirds of the country is living paycheck to paycheck, and that is a recipe for disaster when the next major economic downturn in the U.S. strikes.
To look at banking, one of the biggest problems and the most misunderstood is that governments don’t have to borrow money; they can print any deficits and so avoid interest payments. Those interest payments are transferring your wealth to the rich. Here is Bill Still explaining it in his documentary The Money Masters. Canada alone pays over $18 billion per year in interest to banks shareholders and the US pays $223 billion.
The Federal Reserve bank is not government owned. It is privately held by the Rothschild group of holding companies and gets a 5% dividend while the other banks that the Fed lends to, also owned by the Rothschild group, can create money (not backed by anything anymore) and charge interest when they lend it out. These interest and dividend expenses have become a cancer on our economy and since these leaders are leading the economy into systemic risks they should feel consequences during downturns brought on by their own mismanagement. Over the last four years the Plunge Protection Team, Exchange Stabilization Fund and or Open Markets Committee have represented 40% of the upside move in the S&P index. This is clear state planning and desperation moves to abandon free markets.
As George Bush put it during the 2008 meltdown in this short 1 minute clip,
“I have abandoned free market principles to save the free market.”
Capitalism, or the free market that most people believe in, does not exist anymore. With two main factors destroying them: The Plunge Protection Team and Exchange Stabilization Fund, as neither can exist in a true free market. We do not have a free market so start protecting yourself from the unsustainable economic system you are in now. Blockchain technology using Bitcoin is a new type of community money that cuts out the banking middlemen expenses. This along with ending the Federal Reserve is the silver bullet in the vampire banks’ hearts.
All past empires have failed because of: 1) Extreme economic rigidity driven by ideology and an inability to reform economic institutions in necessary ways because of corrupt stock exchanges no longer functioning as a market; a club of crooks, ripping off workers’ pension funds and the salvaging of corporate profits by insider executives. 2) Imperial overstretch; too many commitments; too many enemies and too many cases of blow back while trying to manage 700-1,000 military bases. Again, an inability to reform this puts you in fiscal insolvency.
The first thing we need to do is to end the Federal Reserve or at least stop their 5% dividend and not borrow anymore money at a government level for our deficits: just print the difference. The second thing, is disband NATO or at least close 50% of all military bases. The U.S. defence budget is over $700 billion per year and the U.S. interest on debt is $230 billion. These two changes would swiftly move the U.S. budget into near balance in one swift action.
Just after the Iraq War, a defence contractor lost $2 trillion dollars worth of bookkeeping receipts (invoices). Recently, a report from the US Inspector General said that the army erroneously made $6.5 trillion in adjustments. The Federal Reserve has not been fully audited since the Government Accounting Office does not have complete access to all aspects of the Federal Reserve System. The law excludes the following areas from GAO inspections: (1) transactions for or with a foreign central bank, government of a foreign country, or non private international financing organization; (2) deliberations, decisions, or actions on monetary policy matters, including discount window operations, reserves of member banks, securities credit, interest on deposits, open market operations; (3) transactions made under the direction of the Federal Open Market Committee; (4) a part of a discussion or communication among or between members of the Board of Governors and officers and employees of the Federal Reserve System related to items, etc.
If it were to be fully audited, it would expose things that would infuriate the U.S. public. Like the Troubled Asset Relief Program – TARP money being used to bail out foreign companies. Those companies should have been forced into consequences (bankruptcy) for taking on too much risk and behaving poorly with regard to regulations.
In Essence the Banks Transferred (Stole) at Least $4 to $5 Trillion Dollars From the American Taxpayer via QE or TARP!
The majority of this money went to benefit two of the wealthiest families in the world: Rockefeller and the Rothschild group of finance holding companies as pointed out in my last article.
Ukraine and Syria have pipelines and crop fields that the ‘group of 49‘ want control of. The major shareholders just instruct their chairmen to make more money. Since western society follows instructions, they comply even if toppling a government costs lives.
What really needs to happen during the next recession is to let the ‘too big to fail‘ corporations fail and transfer their ownership to the people and new management. It is all going to boil down to confidence or specifically ‘trust.’ The 2008 Bear Stearns and Lehman Brothers collapse was all about banks not trusting each other; banks’ overnight lending to each other stopped for 30 days. We were hours away from all ATM’s being closed. That day is returning very fast with the ‘too big to fail’ or jail group much bigger. We will be forced to move to ‘computational trust‘ or processing power trust.
As I mentioned in my earlier posts: 147 companies own 40% of the shares of 43,060 transnational companies. This existing parasite of corporate capture (finance) is sucking at least 5-10% of the global GDP (gross domestic product) from our productivity. Imagine where we could reallocate that wealth. The end game is near as more companies and countries no longer trust one another. Someone or some government will hit a trigger switch, of which there are many; like the shortage of physical gold & silver (will make for the largest short squeeze in history), the sell off of massive U.S. treasuries (China or Saudis), war, or the bankruptcy of any one of the largest dozen companies in the world. Any of these will systemically bring it all down.
The next big heist will be when these wealthy families say “sell” as Mr. Rothschild did during the Napoleonic war. This is where their lieutenants or chairmen will sell out of important stocks before you, and short them while advising your brokers to tell you to sell. They will then buy back in, letting you lose your shirt. Yes, all that pension money you thought you had will vanish like in 2008/2009 . I hope you protest in the streets if you did not take action … now you know ahead of time. Go buy some silver coins now.
Anything less than stabbing the bank and military-industrial complex in their heart through cuts outlined above is cosmetic and will be letting the banking families squeeze us further into debt slavery.
I hope the new US government administration puts people like Bill Black, who wrote How to Rob a Bank – Own One, in charge of the Security and Exchange Commission (SEC). He is trained in criminology and a past bank regulator who helped jail many offenders. Black’s expertise is in white-collar crime, public finance, regulation, and other topics in law and economics. He developed the concept of “control fraud,” in which a business or national executive uses the entity he or she controls as a “weapon” to commit fraud. Putting people like Ellen Brown, a public banking advocate and Bill Still in charge of reforms to the Treasury Department would be great leaps forward in assuring a less risky economic world. Brown is founder of the Public Banking Institute. North Dakota has a public bank that has proved to be extremely beneficial to the state and should be mirrored throughout the USA.
Putting Dr. Richard Wolff and Economist Peter Schiff in the same room as a think tank could iron out what two extreme views. Dr. Wolff speaks on changing democratic free markets to include more cooperatives and community focused enterprises. Dr. Wolff an American Marxian economist, well known for his work on Marxian economics and economic methodology, currently has a fast growing following on YouTube. While Mr. Schiff screams on returning to free markets and letting capitalism work as intended, and is well known for predicting the 2008 crash. We need to move to a more balanced approach to find a perfect equilibrium.
What can you do? Read the prior articles all linked within to solidify the evidence in your mind. Share this information as it is extremely important for everyone and the planet’s wellbeing.
The bottom line is to end the Federal Reserve and stop the endless wars!