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It’s Time for a Redistribution of Wealth; A One Time Emergency Transfer From the 1% to the People

The biggest financial companies such as Deutsche Bank are struggling or collapsing and have been since 2008. They have been subsidized by public money. They are now kiting items on their balance sheets to postpone the inevitable.

The population of Greece voted 60% in favor last year, of the government not accepting a bailout package as proposed; so indirectly saying the people prefer to go bankrupt. The bankers (IMF, ECB and World Bank) said no to that default of debt, and closed the bank branches and therefore let the pensioners and people suffer. Well the Greeks took austerity (cuts) but now Italy will be technically bankrupt spring 2017. The Italian people will not take a no to bankruptcy, they will insist on it, and have alternative plans that could include breaking those banksters knees if debts are not forgiven through a type of bankruptcy, default or write down. There are bankruptcy laws for a reason and people should be allowed to start over if the creditors have enslaved them and taken on too much risk.

The globe has unsustainable debt and has run out of money. The 2008 Bear Stearns and Lehman Brothers collapse showed us how banks were not trusting each others balance sheets as some were actually insolvent (broke), bank overnight lending stopped for 30 days. We were hours away from all ATM’s being closed until further notice. This is happening again; some banks are allowed to break accounting rules undermining global trade and competition. This is why governments and companies are losing trust in each other.

These rule breaking practices are like kiting, which is when you deposit a check and hope it doesn’t clear before the other bank deposit (it is drawn against) clears. This kiting or musical chairs is going to end badly and the controlling group, or group of 49, need to flush the system. War, civil unrest or an unexpected tragedy is needed to produce a market crash that they can blame. This will happen soon as the debt based economy is now moving into contraction and will come down very fast. Pensions, stocks and bonds will be devastated which will trigger the worlds largest economies (G20) to spirit the debts away through inflation by printing money in the hopes of economic growth.

Their stealing, pillaging and ransacking apparatus over the last 20 years, was designed to enrich and empower an extremely small group of shadowy, powerful, wealthy men. As ZeroHedge put it last week,

“When you control the currency and interest rates; rig the financial markets; buy the politicians; write the laws and regulations; own the corporate propaganda machines known as the mainstream media; operate a high-tech surveillance state; create a dumbed down populace through government school indoctrination; and distract the masses with iGadgets, reality TV, hero worship, professional sports, social media, irrelevant cultural issues, and literally thousands of other modern-day bread and circuses; you become arrogant and careless.”

The global economic system has consolidated itself into a monopolized world and awareness of this will set the stage for the transfer of wealth necessary in the next crash. Only a few powerful families make all the decisions in the global corporate world and have total control to set the tone and direction. All systemically financially attached corporations need to be allowed to go bankrupt during the next systemic collapse. Then the ownership of those failed corporations must be redistributed to the people such as 20% to employees and 20% to the communities they operate in.

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A New York Times writer and food critic, Michael Pollan reported in an article dated October 9 2016 called Big Food Strikes Back:

The $1.5 Trillion dollar food industry has four major groups: Big Agriculture, Big Meat, Processors and Retail. In the food industry, the top four companies hold market share of: beef 82%, chicken 53%, soy and corn 85%, pesticides 62% and seeds 58%.

Health care is another industry that has abusers violating the Sherman Antitrust Act, Title 15 United States Code Chapter 1 — a 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. If we do not stop this now, the federal government, state governments, pensions, and the American way of life will collapse. This knowledge should make you sick to your stomach and furious with outrage.

Banking is one of the worst abusers of their near monopoly, and most large banks are listed as too big too fail and so are behaving badly. Bernie Sanders said in this year’s campaign,

“If they are too big to fail – they are too big to exist.”

A few weeks back, a story broke on a leaked email from WikiLeaks from the head of Citi Group, Michael Froman to John Podesta one month before election on October 6, 2008, and two months before Citi Group got the largest bail out in history, discussing who should be in the next US cabinet. Michael Froman is an American lawyer who has served as the U.S. Trade Representative since 2013. He is part of the group writing the trade deals of TPP and TTIP. Those deals need to be stopped in their tracks until a decentralization of corporate control occurs. Why is a business leader, whose company should have gone bankrupt (and technically did), and the company has been fined multiple times and charged with a felony, selecting who should run the US government?

Ukraine is another media propaganda win. Mainstream liberal newspapers such as the New York Times, the Washington Post and the Guardian, and mainstream news such as the BBC, NBC, CBS, CNN have led a disgusting role in swaying their viewers to accept a new and dangerous war mongering.

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: Time Warner, Walt Disney, Viacom, Rupert Murdoch’s News Corp., CBS Corporation and NBC Universal. Together, the “big six” fully dominate news in the United States. 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.

Free trade and the free market have previously proved profoundly beneficial to the world and taken hundreds of millions out of poverty. But the problem is, we no longer have a free market and the corporate monopolies have turned free trade into trade deals that benefit themselves. They also have put the world at systemic risk, and since the crash of 2008 and 2009, have shoved hundreds of millions back into poverty.

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 and the free markets that most people believe in do not exist anymore! With two main factors destroying them: The Plunge Protection Team and Exchange Stabilization Fund, neither of which 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.

European Central Bank (ECB) Mario Draghi says we will do “whatever it takes” and so ECB has been printing monthly for the last year and a half, along with Japan printing full blast monthly for the last three years. The Japanese Government is currently buying 60% of the Exchange Traded Funds (ETF) on their stock exchange. These are not free market moves, these are moves of desperation.

The following information is based on an extremely in-depth study done by 3 PhD’s; Dr. Stefania Vitali, Dr. James B. Glattfelder, and Dr. Stefano Battiston all from the Swiss Federal Institute of Technology in Zurich.

This is not to be taken lightly, the 36 page study is the largest most comprehensive study of its kind in history. And it has mostly been ignored by mainstream media!

The results start from a list of the world’s largest companies from a sample of 30 million. Yes huge, 30,000,000 in a data set called Orbis 2007. They zeroed in on a smaller subset group of connectivity as it represented 94.2% of the total Transnational Corporations operating revenue. Make sure that sinks in 94%! To get to the bottom line the concentration of control their study pointed to the top 80% of total control. That means 737 companies, or holding companies, accumulate that 80%.

That network of control also shows it is more unequally distributed than wealth. Top ranked companies hold 10 times more control than expected based on wealth. In other words, despite its small size the core holds a large fraction of the total control.

The above study concluded that a group of 147 companies has almost full control over itself and they refer to it as an “economic super-entity.” The study also makes note that 75% are financial enterprises.

The trade deals of TPP and TTIP being fast tracked lately have big benefits to corporations, as economist Joseph Stiglitz points out, multinationals have right to sue: It’s the “worst part of agreement,” he says, because it allows large multinationals to sue the Canadian government. “It used to be the basic principle was polluter pay,” Stiglitz said. “If you damaged the environment, then you have to pay. Now if you pass a regulation that restricts the ability to pollute or does something about climate change, you could be sued and could pay billions of dollars.” There were similar provisions in the North American Free Trade Agreement that led to the Canadian government being sued, but the TPP goes even further. He said the provision could be used to prevent the raising of minimum wages or to overturn rules that prevent usury or predatory lending practices. Stiglitz argues the deal, which is a 6,000-page mammoth and extremely complex, should have been negotiated openly. “This deal was done in secret with corporate interests at the table,” he said.

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.

It is only a matter of time that this record debt, stock and bond bubble is going to burst. Anyone with common sense can see that. What we experienced in 2008 was just a preview of the hardships that are coming. The next recession is going to be even worse, and most economists are convinced that it will happen within the next four years no matter who is elected president.

One of the biggest problems and the most misunderstood is that governments don’t have to borrow money they can print any deficits therefore avoiding interest payments. Those interest payments are transferring your wealth to the rich. For those wanting more on this 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.

I have a hard time with knowing people are still getting their news from mainstream newspapers/media (MSM) such as Reuters, the Associated Press, the New York Times, the Washington Post and the Guardian, and news such as the BBC, NBC, CBS, CNN. They are good at local, weather, entertainment and emergency news but the world is so much bigger than that now. It is time to look elsewhere for the real important news that MSM are told to ignore – like who and which corporations are destroying our world through greed and war. WikiLeaks has revealed some of the inner workings of the Democratic candidate’s campaign, notably Clinton’s team’s widespread manipulation of the MSM and cozy relationships with influential political journalists.

Related Reading: Market Manipulation: Drilling Down On the Evidence

We are ‘powerful individuals’ and we must do our part, I will write on this until my fingers bleed. We can decentralize the corporate world and I need your help. Please note, I am not a financial advisor and suggest you seek one for all your needs but, they are paid for by corporations and live off of your fees so are in a conflict of interest. The first thing you could do is shop local if you can and or avoid all national companies. Next you could take your money out of the bank and put it in a lock box or my favorite, buy physical silver coins. The banks are stealing your money with fees and fraud and are at risk. Banks leverage your money and put everyone at systemic risk by a conservative 10 times. For every $1,000 dollars you take out you hit that bank by $10,000! Hit ’em hard and take these felons down for less of a systemic risk environment.

 

Question Everything, Come To Your Own Conclusions.
Paul Collin
A seasoned finance expert with extensive experience in Project Controls and Business Development. Major strengths in End to End Sales Management, Cost Analysis and Reporting, Working with Senior Leaders and Interface Management. Developed many multiyear Business Plans for personal and client businesses. Introduced New Product from concept to store shelf and proven track record of Business Development in a dynamic business environment. To quote Jim Treliving Chairman of Boston Pizza and Dragon on CBC's TV show Dragons Den "Paul is hard working and innovative."
https://steemit.com/@greenman

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