All of us alive today are both blighted and blessed.
Never before, in human history, have we faced such threats (WWIII, global economic, environmental and societal collapse etc.) but never before have we had access to almost limitless information and analysis (both good and bad) and the ability to communicate as a global family of human beings.
We aren't “consumers”, defined by ideology, race, ethnicity or culture but genetically related human beings and we are presented with a unique opportunity to transform humanity and the planet.
We have the accumulated wisdom and history of multiple civilisations from which to understand:
- Who rules?
- How did they get their power and how is it used?
- How do we distribute power for the benefit of all human beings and the planet?
Who rules? - The Structural Elite (SE) comprised of banking and industrial dynasties, European royalty, those in charge of the "military industrial – media academic complex" (MIMAC), political and economic predators and the super-rich.
Critical Thinking has identified three fundamental flaws in the political economy which have concentrated power in the hands of a few. At the centre of those wielding this power are banking dynasties which, in the early 20th century, created a privately owned central bank, the US Federal Reserve (Fed), to take control of American money and, consequently, corporations, economics, politics, law, media, education, academia, military and intelligence.
Over the last 100 years, they have expanded their reach globally via a web of central banks, coordinated through the privately owned Bank of International Settlements (BIS) in Basel, Switzerland.
It is their version of politics, economics, wars, environmental policy etc. that prevails. Until their power and its source are understood, momentum for change cannot be created. Anyone serious about changing the world for the better needs to understand money and how it is manipulated to rule the world. James Corbett lays out a clear history of the Fed in this video and in the accompanying show notes.
One man who foresaw what would result from the creation of the Fed was Alfred Owen Crozier: a man who saw how it would all play out, and even wrote a book titled "U.S. Money vs Corporation Currency" (costing 25 cents) explaining and predicting everything that would ultimately happen, even adding some 30 illustrations for those readers who were visual learners.
103 Years Later, Wall Street Turned Out Just As One Man Predicted by Tyler Durden
Scroll to the bottom of Durden's article to see the illustrations.
Most economists don't even understand this but it is only by removing the power of the banks can we change the world.
Our economic system is premised on winners and losers; it is a competition. Management consultants and business gurus often refer to win/win but someone, somewhere, always loses. The Greek crisis is a case in point:
- The debt can never be repaid, is odious and illegal
- Most of any "bailout" money goes to the creditors - banks and hedge funds
- The Troika works for the creditors
- The Greek people and Greek sovereignty are the victims
This is a protection racket, extortion, loan sharking, gangster banking; "pay up or we'll send the boys round"
Yesterday's Daily Pickings referred to the "Bail-in" provisions being imposed across Europe, and in time, across the world.
Banks rule, we drool - when are the rest of us going show solidarity with the Greek people and stand up to the bullies? If we don't, they will pick us off nation by nation, forcing us all into debt slavery.
The 2008 financial crisis should have seen major global banks go bankrupt but their control of the political economy ensured they were bailed out by a combination of public debt (TARP and AIG in the US, RBS and Lloyds Bank rescues in the UK) and central bank largesse ($16 trillion from the Fed alone). When the next crisis comes, further bailouts are likely to meet resistance, not least from those suffering austerity.
The next financial conjuring trick is the bail-in, ie. take depositors money to prop up the banks' balance sheets.
Why Is The EU Forcing European Nations To Adopt ‘Bail-In’ Legislation By The End Of The Summer? By Michael Snyder
Are they expecting something to happen? As you will read about below, the European Union says that any nation within the EU that does not enact “bail-in” legislation within the next two months will face legal action. The countries that are being threatened in this manner include Italy and France. If you fast forward two months from this moment, that puts us in early August. So clearly the European Union wants everything to be squared away by the end of the summer. Is there a reason for this? Are they anticipating that something really bad will happen in September or thereafter? Why such a rush?
New G20 Rules: Cyprus-style Bail-ins to Hit Depositors AND Pensioners by Ellen Brown
On the weekend of November 16th, the G20 leaders whisked into Brisbane, posed for their photo ops, approved some proposals, made a show of roundly disapproving of Russian President Vladimir Putin, and whisked out again. It was all so fast, they may not have known what they were endorsing when they rubber-stamped the Financial Stability Board’s “Adequacy of Loss-Absorbing Capacity of Global Systemically Important Banks in Resolution,” which completely changes the rules of banking.
Yves Smith posted an interesting paper by Wim Grommen
Current Problems Associated with the End of the Third Industrial Revolution
This paper advances a hypothesis of the end of the third industrial revolution and the beginning of a new transition. Every production phase or civilization or human invention goes through a so-called transformation process. Transitions are social transformation processes that cover at least one generation. In this paper I will use one such transition to demonstrate the position of our present civilization. When we consider the characteristics of the phases of a social transformation we may find ourselves at the end of what might be called the third industrial revolution. The paper describes the four most radical transitions for mankind and the effects for mankind of these transitions: the Neolithic transition, the first industrial revolution, the second industrial revolution and the third industrial revolution.
...and Critical Thinker Bob referred this:
eye on society
Applying the Concepts and Methods of Organisational Psychology to Society
The site draws on the work of systems thinker Stafford Beer and Murray Bookchin's Ecology of Freedom, among others. Critical Thinking has focused hitherto on the political and economic imperatives for, and approaches to, fundamental change but we're seeking to persuade human beings, ie. idiosyncratic individuals and collective psychology. We're already subject to mass manipulation and control; the question is: how do we counter distorted world views, distraction and disinformation to bring about essential fundamental change with minimum distress for the maximum number of people?