The debt empire.
The gross difference between income gaps is only expanding, the contrast between the elite and the underprivileged is also expanding. There is a lack of basic logicality in the world’s economy. The power shift to the unknown and unseen czars of the private world is subtle yet resounding. The mindset of profit regardless of environmental and social repercussions is appalling. Introducing the debt empire.
Globalization has its merits and demerits, for people like us with a degree and comfortable existence it is favourable, because it creates the situation where 1% of the worlds population can control 40% of its wealth. But for those clawing their way out of poverty it’s not. Keep in mind the fractional reserve banking system, the illusion of money and the proportionality of money+debt= labour. Inflation and the way of the digital monetary system will be discussed later, the art of creating money out of thin air.
For now we will look at the ways by which anyone can dominate a small economy.
With globalization there are various formalities that need to be fulfilled which are termed as structural adjustments, currency devaluation privatization and lopsided trade competitions. The instrument of subjugation here is debt arising from huge loans being paid out by the world bank controlled by one particular nation by veto power. Lure a country into taking massive loans through its own indiscretion or corrupting the administration. Levy towering interest rates and then wait for the country to default. Also in the mean time assign any construction duties or other auxiliary tasks to major corporations which have strong lobbies at the centre and also provide campaign funding to the leadership, thus the money going into these projects can again be channelled to home business by gross underbidding. Once the loan bearing country defaults seize their asset which is of actual value rather than monetary numbers in a database. Pressure the government into accepting “trade liberalization” and hence you get access to a free market where now the indigenous industry faces tough competition to mass produced and comparatively cheaper products, which can now be imported easily thanks to relaxed trade laws. That is one of the many ways by which a company like Wal-Mart has a higher value than even countries like Norway. If you want an example then Google Bolivian water crisis thanks to Bechtel or the Jamaican cash crop crisis.
This has been done time and again, and will go on till there is no more profit ventures left which is not possible again because of the fractional banking system. Ecuador, panama, Guatemala, Iran and many more have faced the triad policy of economic hitman, jackals and military intervention. All favouring the agenda of the corporate empire.
For now I am bored so I wont elaborate maybe later, I don’t get paid for this!
controversialism 