Only a Zombie could be part of the only group in human history to financially and environmentally bankrupt the world simultaneously and not care. [more]
Wealth is the capacity to control the production of society. This is why stealing is considered wrong – wealth allows people access to goods and services necessary for survival and wellness.
For the past few hundred years, a system of finance defined wealth, just as a system of slavery did before it. This financial system is built around the concept of debt; a system we can all agree was a much more civil way of dealing with each other than slavery. Over the past generation, bankers and politicians (and by extension, ourselves) have bankrupted the financial system by making more promises (debts) than can be fulfilled. Now, the system is increasingly acknowledged as a Ponzi Scheme, as the people are learning fraud is the glue holding it together.
This cancerous fraud is being uncovered around the world, as daily revelations confirm bankers and politicians are simply lying to retain control. Today financial control is defined as one generation stealing from the next and/or lying to each other. And over the past ten years via derivatives and other transactions, we have pledged and re-pledged debt to so many different purposes so many times that trying to figure out who legally owns money and other financial instruments is virtually impossible. This means that any claim to wealth, and therefore good and services, is inherently fictitious. Nobody can accurately trace what belongs to whom.
Soon everyone will be asking: “Who should have ‘Wealth’ when we are all living under a system built upon generational thievery?”
There is a solution to this theft, but it requires society to stop ignoring the lies supporting the current system of fraudulent wealth. [more]
WHO SHOULD HAVE WEALTH? [more]
How America allowed poverty AFTER it bailed out its bankers and wealthy still escapes me..... [more]
WARNING: WHAT YOUR BANKER CAN'T TELL YOU SO THEY CAN KEEP THEIR JOBS:
As you know, since QE1 I have been sounding off on the growing Federal Debt......but like homeowners in the housing bubble, some of you saw your investments rise so most of you really didn't care despite the destruction to the real economy, your kids future and millions of your fellow citizens.
Since then our debt, Federal Debt, has grown from $6 Trillion to now approaching $17 trillion in about five years. THIS IS MONEY WE AND OUR KIDS OWE......
In order to accomplish this, interest rates dropped to multi-hundred year lows.
NOW INTEREST RATES ARE RISING AGAIN.
Every 1% rise in interest rates costs we taxpayers about $170 Billion dollars. If interest rates rise just 3% to still historically low levels, just NEW interest obligations will consume half of current income tax receipts and there won't be much money to fund anything else, including our schools.
As a matter of fact, MOST OF YOUR INCOME TAXES will have to double simply to cover the rising interest obligation.
And what if you don't pay more taxes?......well your investments, jobs and businesses (which is now essentially all of them) that are now dependent on Federal Debt and Federal Spending will fail.
Have you kissed your banker today? Because if interest rates rise just a little....your attitudes about the last few years will quickly change.....just like many homeowners a few years ago that got screwed by bankers infecting our system with too much debt.
Read more at http://globaleconomicanalysis.blogspot.com/2013/05/eu-requires-spain-to-raise-vat.html#EZKTSI6bPIJSemiQ.99 [more]