Companies
offer me peanuts because "you
know, because of the crisis, we cannot afford the luxury of offering
more", but
billionaires
double since financial crisis.
As a consequence, SMEs specialised in luxury increase their profits, while big companies improve their income, possibly because they save money on their workforce, now paid peanuts, as said, "because of the crisis".
Of course, SMEs that were dealing with "normal" people are just disappearing, because the so called middle class has been shrinking, has almost vanished, due to the decrease of their income and the lowering of free services (the so-called social welfare) people used to avail of.
I wonder if this crisis is real as the pandemic A (H1N1) 2009 virus that was supposed to eradicate humankind, if we did not get big-pharma vaccination... I didn't, and I am still alive, but now they are trying to kill me in a different way: monetarism, finance instead of economy, and blind austerity.
Such a complicate matter cannot be adequately discussed in the few lines of a blog. Here I can just say that a proper analysis should definitely include the central problems of seigniorage and of the privately owned central banks. We actually live in a debt-money system, where money is created by private banks (like the US Federal Reserve, or any Central Bank around Europe, including the ECB) out of debt, also using bonds. A debt that must be repaid with other money, using the earnings of the real economy that in such a way cannot be invested in R&D or social welfare, and also paradoxically increasing debt, in a never-ending loop that destroys the real economy and makes bankers fatter, who become richer and richer just doing nothing. Just like the Money Changers kicked out of the Temple by Jesus, as described in the New Testament.
As a consequence, SMEs specialised in luxury increase their profits, while big companies improve their income, possibly because they save money on their workforce, now paid peanuts, as said, "because of the crisis".
Of course, SMEs that were dealing with "normal" people are just disappearing, because the so called middle class has been shrinking, has almost vanished, due to the decrease of their income and the lowering of free services (the so-called social welfare) people used to avail of.
I wonder if this crisis is real as the pandemic A (H1N1) 2009 virus that was supposed to eradicate humankind, if we did not get big-pharma vaccination... I didn't, and I am still alive, but now they are trying to kill me in a different way: monetarism, finance instead of economy, and blind austerity.
Such a complicate matter cannot be adequately discussed in the few lines of a blog. Here I can just say that a proper analysis should definitely include the central problems of seigniorage and of the privately owned central banks. We actually live in a debt-money system, where money is created by private banks (like the US Federal Reserve, or any Central Bank around Europe, including the ECB) out of debt, also using bonds. A debt that must be repaid with other money, using the earnings of the real economy that in such a way cannot be invested in R&D or social welfare, and also paradoxically increasing debt, in a never-ending loop that destroys the real economy and makes bankers fatter, who become richer and richer just doing nothing. Just like the Money Changers kicked out of the Temple by Jesus, as described in the New Testament.
But
we were talking about an
induced
crisis, something
minutely planned. A crisis that affects the majority of people for
just making a minority wealthier.
Scarily enough, in the
1996 documentary “The Money Masters” at minutes 01:38 of the
second DVD we hear a tragic prediction:
Remember
what Larry Bates said at the first of this videotape:
"In
periods of economic crisis, wealth is not destroyed, it is merely
transferred".
Do
we have any hints as to what the Money Changers [aka as bankers] have
in store for us?
Here
is what David Rockefeller, the chairman of Chase-Manhattan Bank, the
largest Wall Street bank, had to say:
So,
crisis is needed to fulfil their [bankers]
plans quickly. The only question is when the crisis will occur.
Well, it happened! It
seems Money Changers decided it was time for a new crisis!
After less them a minute
we hear:
But
whether or not they decide to cause a crash or depression through
relentless increases in taxes and the loss of hundreds of thousands
of jobs being sent overseas, […] the American [and
not only...] middle class is an endangered species.
[…]
In
other words, money is being consolidated in fewer and fewer hands
You
can watch the whole documentary here:
My
question is: can we call a “prediction”
something that was accurately planned? Isn't
it
like when going
to the airport for
getting
a plane, after having bought a ticket? Do
you “plan” to take the plane or do
you “predict” it? C'mon!
I
wonder: do
we need banks?
And
more specifically, do we need privately-owned central banks? Rather
than letting bankers speculating on our resources, shouldn't
we instead opt for electronic money and
virtual transactions,
managed by the State (the
ministry of finance and economy)
and not banks?
On
the same matter
it is worth mentioning that
Jean Tirole got the Nobel Prize for economics for having demonstrated
the "wetness of water" in finance, as to say that wild
capitalism is... wild. Liberalism is fine, anarchism and the
dictatorship of finance are not... What about RULES and
ACCOUNTABILITY? Bloody hell... there are too many wrong things on
this planet... and the wrong people (the twins Lobbies and Masonry)
ruling it. If
not even the son of god managed to get rid of Money
Changers (people that now we call bankers),
it means
we
really are in big troubles...
As
said,
world economy
is
given
birth with a debt, and
therefore is
forced to grow (which
does not mean “to
improve”)
for repaying its Original Sin, thus
being
damned to increase quantities (GDP), neglecting quality and welfare.
I am obviously also referring
to the famous debt-GDP proportion that is at the core of German-ruled
European economy, and that de facto
has ruined
many European
countries, killing thousands of people in the Mediterranean part of
the EU. This
second problem is also linked to
the engineering-based culture that makes believe that a "model"
that works in a Country, MUST work in another one. The imposition of
the German economic and financial model to the rest of Europe is
a good example,
something that is practically destroying all countries that followed
different economic policies. Did we all really need to adopt the
Deutsche Mark (now called Euro) as European currency?
Then,
well, I prefer not talking
about globalisation, and
the sick idea of the specialisation of each country on earth
in a specific economic and productive field,
because
it could take too long for enumerating the disasters it causes.
At the end of these
words I reinforce the idea that this crisis to me seems just a scam,
a fraud, an excuse for paying workers less, jeopardise their rights,
cancel that social welfare that unions obtained in more than a
century of fights, for allowing a minority to get richer and
companies (including banks) to increase their profits. The sooner we
realise it, the better.
great blog !! keep it up Fabrizio... regards, RW
ReplyDeleteMy reaction may be a bit less than what would be appropriate for your blog. I'd like to see a "crisis" in the form of a severely reduced supply of people offering the work you want to do for a respectful salary. See how much the SMEs offer. Many employers take any excuse to maintain the top-heavy payroll distribution.
ReplyDeleteJean S.
Architecture & Planning Professional
Certainly it's a hoax. Starting from the very top at the "donor" agency down to the finance staff at the consultancy - every one tries to "save" money at all costs. And then complains about poor results forgetting about "if you pay peanuts expect to get monkey business".
ReplyDeleteBut this goes on for years already - look at the Cotonou Agreement (23 June 2000 - ISSN 1013-7335), White Pages p. 7 where the table shows that 73.3 % of the 9th EDF are unspent fund from earlier EDFs.
Paul W.
Finance & Procurement Advisor at WYG International Ltd.
https://www.facebook.com/OccupyWallSt/photos/a.628015903932844.1073741830.184749301592842/765901186810981/https://www.facebook.com/EconSociology/photos/a.476386915717741.106433.209143742442061/488977597792006/?type=1
ReplyDeleteSnehal M. Shah
Research & Documentation, M&E, Editing, AV, Ex- World Bank Consultant, Education, Water & Sanitation, Livelihoods
I am not saying the crisis doesn't exist and unemployment is a good reminder. However in such a context I am wondering too if it is not a good opportunity for some to enslave more deeply lower classes by using this argument: "that is crisis, we have no money, so YOU make an effort".
ReplyDeleteBTW a saying is: "never walk at a dog that has no escape route on its back !". The one that rely on the argument above have ever thought at this saying?
Finally, we are in a real, material, crisis: we have no planet B! We are on the edge of the abyss and China wakes up and looks for western standard of living, the one that already requires 3 to 5 Earths. How are we going to feed people with more goods to fill a few ones pockets in such a context?
Florent A.
Développeur
Hi and thanks for your feedback.
ReplyDeleteBTW, you might be interested in reading an article by Paul Krugman, who states that the major reason for current European crisis lies on “Germany’s beggar-thy-neighbor policies, which are in effect exporting deflation to its neighbors”.
http://www.nytimes.com/2014/12/01/opinion/paul-krugman-being-bad-europeans.html?partner=rssnyt&emc=rss&_r=0
Happy to see Krugman and I share the same idea, sad to see we probably are right...
Moreover, we do not dare to forget the tit for tat agreement between the former West-FRG and the rest of Europe that helped (or permitted) the reunification of Germany. From one side Europe accepted to pay the costs of German reunification, from the other Germany accepted to abandon the Deutschmark and join the Euro. 25 years after the fall of the Berlin wall I believe there are no doubts about the fact that European non-German citizens are still heavily paying such a decision, while the Euro (which de-facto IS the Deutschmark, but with a different name) mostly benefited multinational companies and above all banks.
Cool, isn’t it?
I read Krugman's article. I'm not informed (and maybe even educated enough in Econ) enogh about the European situation to be able to make any worthwhile comments about the German issue. But I can say that part of the USA's "policy" is to beggar its own citizens in the job market. Tens of millions of U.S. citizens are involuntarily unemployed or underemployed, with consequent insufficient incomes. The USA's "recovery" is a fraud.
ReplyDeleteJean S.
Architecture & Planning Professional
Could you explain how the non-German citizens paid for the reunion of the DDR. I always thought it was the west Germany who paid for this? It is a novel theorem to me.
ReplyDeleteAnna O.
renewable energy expert at the Institute for Renewable Energy
Hi Anna, and thanks for your feedback.
ReplyDeleteThere are many reasons, mainly financial.
You can start reading:
http://www.foreignaffairs.com/articles/66754/mary-elise-sarotte/eurozone-crisis-as-historical-legacy
I'll be back with more articles and explanations in the next days.
Regards!
This is a "manufactured crisis" ... and it rolled from North America to EU ...listen to Michael Moore, Tavis Smiley, and Cornell West on this subject at this forum on "poverty" :
ReplyDeletehttp://youtu.be/eRRgNfulirU?t=1h10m6s
Anthony M.
Instructor TEACH English in Colombia (TEC ) program at Partners of the Americas