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There can be economy only where there is efficiency.

quote by Benjamin Disraeli
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Death Of The Middle Class

Oligarchs and Banksters tighten financial screws
In a bold attempt to kill the global Middle Class
Heads of State unable/unwilling to halt this ruse
The “Great Depression of 1929” we soon surpass

ROTMS

By Andrew Gavin Marshall - Global Research

We now stand at the edge of the global financial abyss of a ‘Great Global Debt Depression, ’ where nations, mired in extreme debt, are beginning to implement ‘fiscal austerity’ measures to reduce their deficits, which will ultimately result in systematic global social genocide, as the middle classes vanish and the social foundations upon which our nations rest are swept away. How did we get here? Who brought us here? Where is this road leading? These are questions I will briefly attempt to answer.

At the heart of the global political economy is the central banking system. Central banks are responsible for printing a nation’s currency and setting interest rates, thus determining the value of the currency. This should no doubt be the prerogative of a national government, however, central banks are of a particularly deceptive nature, in which while being imbued with governmental authority, they are in fact privately owned by the world’s major global banks, and are thus profit-seeking institutions. How do central banks make a profit? The answer is simple: how do all banks make a profit? Interest on debt. Loans are made, interest rates are set, and profits are made. It is a system of debt, imperial economics at its finest.

In the United States, President Woodrow Wilson signed the Federal Reserve Act in 1913, creating the Federal Reserve System, with the Board located in Washington, appointed by the President, but where true power rested in the 12 regional banks, most notably among them, the Federal Reserve Bank of New York. The regional Fed banks were private banks, owned in shares by the major banks in each region, which elected the board members to represent them, and who would then share power with the Federal Reserve Board in Washington.

In the early 1920s, the Council on Foreign Relations was formed in the United States as the premier foreign policy think tank, dominated by powerful banking interests. In 1930, the Bank for International Settlements (BIS) was created to manage German reparations payments, but it also had another role, which was much less known, but much more significant. It was to act as a “coordinator of the operations of central banks around the world.” Essentially, it is the central bank for the world’s central banks, whose operations are kept ‘strictly confidential.’ As historian Carroll Quigley wrote:

'The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.'

In 1954, the Bilderberg Group was formed as a secretive global think tank, comprising intellectual, financial, corporate, political, military and media elites from Western Europe and North America, with prominent bankers such as David Rockefeller, as well as European royalty, such as the Dutch royal family, who are the largest shareholders in Royal Dutch Shell, whose CEO attends every meeting. This group of roughly 130 elites meets every year in secret to discuss and debate global affairs, and to set general goals and undertake broad agendas at various meetings. The group was initially formed to promote European integration. The 1956 meeting discussed European integration and a common currency. In fact, the current Chairman of the Bilderberg Group told European media last year that the euro was debated at the Bilderberg Group.

In 1973, David Rockefeller, Chairman and CEO of Chase Manhattan Bank, Chairman of the Council on Foreign Relations and a member of the Steering Committee of the Blderberg Group, formed the Trilateral Commission with CFR academic Zbigniew Brzezinski. That same year, the oil price shocks created a wealth of oil money, which was discussed at that years Bilderberg meeting 5 months prior to the oil shocks, and the money was funneled through western banks, which loaned it to ‘third world’ nations desperately in need of loans to finance industrialization.

When Jimmy Carter became President in 1977, he appointed over two dozen members of the Trilateral Commission into his cabinet, including himself, and of course, Zbigniew Brzezinski, who was his National Security Adviser. In 1979, Carter appointed David Rockefeller’s former aide and friend, Paul Volcker, who had held various positions at the Federal Reserve Bank of New York and the U.S. Treasury Department, and who also happened to be a member of the Trilateral Commission, as Chairman of the Federal Reserve. When another oil shock took place in 1979, Volcker decided to raise interest rates from 2% in the late 70s, to 18% in the early 80s. The effect this had was that the countries of the developing world suddenly had to pay enormous interest on their loans, and in 1982, Mexico announced it could no longer afford to pay its interest, and it defaulted on its debt, which set off the 1980s debt crisis – collapsing nations in debt across Latin America, Africa and parts of Asia.

It was the IMF and the World Bank came to the ‘assistance’ of the Third World with their ‘structural adjustment programs’, which forced countries seeking assistance to privatize all state owned industries and resources, devalue their currencies, liberalize their economies, dismantle health, education and social services; ultimately resulting in the re-colonization of the ‘Third World’ as Western corporations and banks bought all their assets and resources, and ultimately created the conditions of social genocide, with the spread of mass poverty, and the emergence of corrupt national elites who were subservient to the interests of Western elites. The people in these nations would protest, riot and rebel, and the states would clamp down with the police and military.

In the West, corporations and banks saw rapid, record-breaking profits. This was the era in which the term ‘globalization’ emerged. While profits soared, wages for people in the West did not. Thus, to consume in an economy in which prices were rising, people had to go into debt. This is why this era marked the rise of credit cards fueling consumption, and the middle class became a class based entirely on debt.

In the 1990s, the ‘new world order’ was born, with America ruling the global economy, free trade agreements began integrating regional and global markets for the benefit of global banks and corporations, and speculation dominated the economy.

The global economic crisis arose as a result of decades of global imperialism – known recently as ‘globalization’ – and the reckless growth of– speculation, derivatives and an explosion of debt. As the economic crisis spread, nations of the world, particularly the United States, bailed out the major banks (which should have been made to fail and crumble under their own corruption and greed) , and now the West has essentially privatized profits for the banks, and socialized the risk. In other words, the nations bought the debt from the banks, and now the people have to pay for it. The people, however, are immersed in their own personal debt to such degrees that today, the average Canadian is $39,000 in debt, and students are graduating into a jobless market with tens to hundreds of thousands of dollars of student debt that they will never repay. Hence, we are now faced with a global debt crisis.

To manage the economic crisis, the G20 was established as the major international forum for cooperation among the 20 major economies of the world, including the major developing – or emerging – economies, such as India, Brazil, South Africa and China. At the onset of the financial crisis, China and Russia’s central banks began calling for the establishment of a global currency to replace the U.S. dollar as the world reserve currency. This proposal was backed by the UN and the IMF. It should be noted, however, that the Chinese and Russian central banks cooperate with the Western central banks through the Bank for International Settlements – which the President of the European Central Bank, Jean-Claude Trichet, recently said was the principle forum for “governance of central bank cooperation” and that the G20 is “the prime group for global economic governance.” In 2009, the IMF stated that the BIS “is the central and the oldest focal point for coordination of global governance arrangements.” The President of the European Union, appointed to the position after attending a Bilderberg meeting, declared 2009 as the “first year of global governance.” The 2009 Bilderberg meeting reported on the desire to create a global treasury, or global central bank, to manage the world economy. In 2009, prior to the Bilderberg meeting in fact, the G20 set in motion plans to make the IMF a global central bank of sorts, issuing and even printing its own currency – called Special Drawing Rights (SDRs) – which is valued against a basket of currencies. In May of 2010, the IMF Managing Director stated that “crisis is an opportunity, ” and while Special Drawing Rights are a step in the right direction, ultimately what is needed is “a new global currency issued by a global central bank, with robust governance and institutional features.” Thus, we see the emergence of a process towards the formation of a global central bank and a global currency, totally unaccountable to any nation or people, and totally controlled by global banking interests.

In 2010, Greece was plunged into a debt crisis, a crisis which is now spreading across Europe, to the U.K. and eventually to Japan and the United States. If we look at Greece, we see the nature of the global debt crisis. The debt is owed to major European and American banks. To pay the interest on the debt, Greece had to get a loan from the European Central Bank and the IMF, which forced the country to impose ‘fiscal austerity’ measures as a condition for the loans, pressuring Greece to commit social genocide. Meanwhile, the major banks of America and Europe speculate against the Greek debt, further plunging the country into economic and social crisis. The loan is granted, to pay the interest, yet simply has the effect of adding to the overall debt, as a new loan is new debt. Thus, Greece is caught in the same debt trap that re-colonized the Third World.

At the recent G20 meeting in Toronto, the major nations of the world agreed to impose fiscal austerity – or in other words, commit social genocide – within their nations, in a veritable global structural adjustment program. So now we will see the beginnings of the Great Global Debt Depression, in which major western and global nations cut social spending, create mass unemployment by dismantling health, education, and social services. Further, state infrastructure – such as roads, bridges, airports, ports, railways, prisons, hospitals, electric transmission lines and water – will be privatized, so that global corporations and banks will own the entirely of national assets. Simultaneously, of course, taxes will be raised dramatically to levels never before seen. The BIS said that interest rates should rise at the same time, meaning that interest payments on debt will dramatically increase at both the national and individual level, forcing governments to turn to the IMF for loans – likely in the form of its new global reserve currency – to simply pay the interest, and will thus be absorbing more debt. Simultaneously, of course, the middle class will in effect have its debts called in, and since the middle class exists only as an illusion, the illusion will vanish.

Already, towns, cities, and states across America are resorting to drastic actions to reduce their debts, such as closing fire stations, scaling back trash collection, turning off street lights, ending bus services and public transportation, cutting back on library hours or closing them altogether, school districts cutting down the school day, week or year. Simultaneously, this is occurring with a dramatic increase in the rate of privatizations or “public-private partnerships” in which even libraries are being privatized.

No wonder then, that this month, the Managing Director of the IMF warned that America and Europe, in the midst of the worst jobs crisis since the Great Depression, face an “explosion of social unrest.” Just yesterday, Europe experienced a wave of mass protests and social unrest in opposition to ‘austerity measures’, with a general strike in Spain involving millions of people, and a march on the EU headquarters in Brussels of nearly 100,000 people. As social unrest spreads, governments will likely react – as we saw in the case of the G20 in Toronto – with oppressive police state measures. Here, we see the true relevance of the emergence of ‘Homeland Security States’, designed not to protect people from terrorists, but to protect the powerful from the people.

So while things have never seemed quite so bleak, there is a dim and growing beacon of hope, in what Zbigniew Brzezinski has termed as the greatest threat to elite interests everywhere – the ‘global political awakening’. The global political awakening is representative of the fact that for the first time in all of human history, mankind is politically awakened and stirring, activated and aware, and that generally – as Zbigniew Brzezinski explains – generally is aware of global inequalities, exploitation, and disrespect. This awakening is largely the result of the information revolution – thus revealing the contradictory nature of the globalization project – as while it globalizes power and oppression, so too does it globalize awareness and opposition. This awakening is the greatest threat to entrenched elite interests everywhere. The awakening, while having taken root in the global south – already long subjected to exploitation and devastation – is now stirring in the west, and will grow as the economy crumbles. As the middle classes realize their consumption was an illusion of wealth, they will seek answers and demand true change, not the Wall Street packaged ‘brand-name’ change of Obama Inc., but true, inspired, and empowering change.

In 1967, Martin Luther King delivered a speech in which he spoke out against the Vietnam War and the American empire, and he stated that, “It seems as if we are on the wrong side of a world revolution.” So now it seems to me that the time has come for that to change.

Andrew Gavin Marshall is a Research Associate with the Centre for Research on Globalization (CRG) .

poem by Ray Lucero
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When The Economy Started To Slip

When the economy started to slip,
Who was not aware of it?
And...
Who pocketed the funds,
Away from everyone?

When the economy started to slip,
Who was not aware of it?
And...
Who pocketed the funds,
Away from everyone?

Who didn't know,
Who fed at the feast.
And who didn't know,
Who fed their greed.
And who didn't know,
Who were the cheats.
And who didn't know,
Thieves! ?

Who didn't know,
Who fed at the feast.
And who didn't know,
Who fed their greed.
And who didn't know,
Who were the cheats.
And who didn't know,
Thieves! ?

When the economy started to slip,
Who was not aware of it?
And...
Who pocketed the funds,
Away from everyone?

Who didn't know,
Who fed at the feast.
And who didn't know,
Who fed their greed.
And who didn't know,
Who were the cheats.
And who didn't know,
Thieves! ?

When the economy started to slip...
Who didn't know,
Who fed at the feast.
And who didn't know,

[...] Read more

poem by Lawrence S. Pertillar
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Mental birth

Thought is broken into many levels and grades.
All men begin on, or near, the same point.
The only difference is the efficiency and where it stems from.
The 'smart, ' are efficient in multiple worldly ways.
The 'dumb' are efficient in ways the 'smart' cannot fathom.
'Average' is the point where efficiency is dependent upon immediate worldly needs.
'Retarded' people are those that grasp and maintain an efficiency held within,
One that man cannot explain because man is on a different, rudimentary plain.

poem by Jeff Rushton
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We are shrinking the size of the federal government as a percent of our economy from over 21 percent of the economy to 19 percent of the economy. At the same time, we're growing the private economy.

quote by Franklin Raines
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Without The Money

It is always the economy,
Affecting needs.
Always it is!
And not one's education...
Flaunted as perceived.

It is always the economy,
That breathes and feeds on greed.
And no matter if one goes to college...
It is not the Masters or Doctorate degree,
That keeps one perched...
High on a pedestal for all to see.

Without the money,
All pretensions can be dropped.
Oh without that money,
All the bragging seems to stop.
And it is without money...
No one talks about what they've got.
Or fingerpops with a bee-bop hopped.
If money is not felt...
A sobbing begins with a flow,
That can not be mopped.

It is always the economy,
That breathes and feeds on greed.
And no matter if one goes to college...
It is not the Masters or Doctorate degree,
That keeps one perched...
High on a pedestal for all to see.

It is that MONEY!
That holds a head higher than clouds.
It is that money making days sunny.
That ties that magic knot!
And if the economy doesn't feed,
A feeding of greed one receives...
A boo-hooing of tears becomes the reality.

poem by Lawrence S. Pertillar
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Economy, A Rhapsody, Addressed to Young Poets

Insanis; omnes gelidis quaecunqne lacernis
Sunt tibi, Nasones Virgiliosque vides.
~Mart.
Imitation.

--Thou know'st not what thou say'st;
In garments that scarce fence them from the cold
Our Ovids and our Virgils you behold.

Part first.

To you, ye Bards! whose lavish breast requires
This monitory lay, the strains belong;
Nor think some miser vents his sapient saw,
Or some dull cit, unfeeling of the charms
That tempt profusion, sings; while friendly Zeal,
To guard from fatal ills the tribe he loves,
Inspires the meanest of the Muse's train!
Like you I loathe the grovelling progeny,
Whose wily arts, by creeping time matured,
Advance them high on Power's tyrannic throne,
To lord it there in gorgeous uselessness,
And spurn successless Worth that pines below!
See the rich churl, amid the social sons
Of wine and wit, regaling! hark, he joins
In the free jest delighted! seems to show
A meliorated heart! he laughs, he sings!
Songs of gay import, madrigals of glee,
And drunken anthems, set agape the board,
Like Demea, in the play, benign and mild,
And pouring forth benevolence of soul,
Till Micio wonder; or, in Shakspeare's line,
Obstreperous Silence, drowning Shallow's voice,
And startling Falstaff, and his mad compeers.
He owns 'tis prudence, ever and anon
To smooth his careful brow, to let his purse
Ope to a sixpence's diameter!
He likes our ways; he owns the ways of wit
Are ways of pleasance, and deserve regard.
True, we are dainty good society,
But what art thou? Alas! consider well,
Thou bane of social pleasure, know thyself:
Thy fell approach, like some invasive damp
Breathed through the pores of earth from Stygian caves
Destroys the lamp of mirth; the lamp which we,
Its flamens, boast to guard: we know not how,
But at thy sight the fading flame assumes
A ghastly blue, and in a stench expires.
True, thou seem'st changed; all sainted, all enskied:
The trembling tears that charge thy melting eyes

[...] Read more

poem by William Shenstone
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A Map Of Culture

Culture

Contents

What is Culture?

The Importance of Culture

Culture Varies

Culture is Critical

The Sociobiology Debate

Values, Norms, and Social Control

Signs and Symbols

Language

Terms and Definitions

Approaches to the Study of Culture

Are We Prisoners of Our Culture?

What is Culture?

I prefer the definition used by Ian Robertson: 'all the shared products of society: material and nonmaterial' (Our text defines it in somewhat more ponderous terms- 'The totality of learned, socially transmitted behavior. It includes ideas, values, and customs (as well as the sailboats, comic books, and birth control devices) of groups of people' (p.32) .

Back to Contents

[...] Read more

poem by Nyein Way
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With respect to the environment in our state and our state's future - in addition to water which is very important here - I think it is crucial for him to make a sincere commitment to energy efficiency, fuel efficiency, by helping us to produce those cars of the future.

quote by Jennifer Granholm
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Back in the mid-1970s, we adopted some fairly ambitious goals to improve efficiency of our cars. What did we get? We got a tremendous boost in efficiency.

quote by Jay Inslee
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We need a number of solutions - we need more efficiency and conservation. Efficiency is a big one. I think car companies need to do a lot better in producing more efficient cars. They have the technology, we just need to demand them as consumers.

quote by Daryl Hannah
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If stability and efficiency required that there existed markets that extended infinitely far into the future - and these markets clearly did not exist - what assurance do we have of the stability and efficiency of the capitalist system?

quote by Joseph E. Stiglitz
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Heart says Love Love!

Tick tick tick
clock is ticking,

Birds fly out and return to nest,
Marking end of another day,
One more day you gone,
One more night you sleep,
one more dream yet to come,
before yesterday's dream materialize,
Dreams pile up like files on inefficient clerk's table,
Or as the garbage basket emptied yesterday is now full again!
Dreams are faster,
As we travel fast, dreams too move away faster!

Consumed energy is not used up well!
efficiency if matters,
Heat engine of less efficiency are out dated and useless!

Pray Lord, fix my mission,
before this machine gets outdated and scraped when shape value is just more than a dollar,
Consuming energy worth several dollar,
how worth is this inefficient machine?
God tells move, move,
Heart screams Love, Love!

poem by Ramdas Bhandarkar
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A comprehensive national energy policy is critical to our nation's economy and our national security. Energy expenditures account for about 7% percent of our total economy and influence pricing in the much of the rest of the economy.

quote by Heather Wilson
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Today, our economy is divided: fifty percent is the public economy and fifty percent is the private economy that includes small companies employing from 4 to 200 workers.

quote by Ibrahim Rugova
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Economy is the basis of society. When the economy is stable, society develops. The ideal economy combines the spiritual and the material, and the best commodities to trade in are sincerity and love.

quote by Morihei Ueshiba
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Hollywood Movie Girls

(g. heideman)
Today I went out on a movie call
I saw a million nervous faces
I knew them all
Hollywood movie girls
Were all wearing our one good interview dress
The one showin our legs
Aah, were lookin our best
Now, who will be chosen for the screen test?
Its your guess
Hollywood movie girls
And each and every potential star
Drives home in the night in her economy car
Whoever thought home would be a one-room flat?
Well, as simple as that
Hollywood movie girls
Each morning up early to call on the phone
Agents, producers, oh, theyre never at home
Like door-to-door salesmen, we are selling ourselves
Ooh, nothing else
Hollywood movie girls
And each and every potential star
Drives home in the night in her economy car
Whoever thought home would be a one-room flat?
Well, as simple as that
Hollywood movie girls
And just about bedtime each one of us asks
Tell me, when will I make it to the big-time at last?
Oh, small parts youre offered
Aah, but those too shall pass
Nothing lasts
Hollywood movie girls
Yeah, and each and every potential star
Drives home in the night in her economy car
Whoever thought home would be a one-room flat?
Well, as simple as that
Hollywood movie girls
Oh, star light, star bright, wont you wish on me tonight?
Wish I may, wish I might
Shine your light for me

song performed by Dusty Springfield
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Trade-cycle

In a competitive market
National economy rolls like a wheel
In economics it is called trade-cycle

From economic recovery to boom
To slump to recovery to boom
Is a common phenomenon
In a competitive market

The boom does not last long
Because
The demand for products and services
Is limited in all countries

That’s why
The governments have a vital role to play
Especially during boom

The governments should monitor
And control industrial development
As much as possible
With a view to reduce labor cut
During slump
And they should hinder
Harmful investment
For the economy
During boom

Moreover
They should provide guidelines
For the entrepreneurs
During recovery
So that suitable investments
For the economy take place

In this way
A country can achieve its goal
Without going through
Economic hard times

poem by Asif Andalib
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Dear Prime Minister

You are head of ministers as prime minister
But at home only an individual as mister
So much loved by brothers, uncles and sisters
On this very special occasion, I sincerely offer

Happy birthday to you and thousand cheers
Wishing you many more happy coming years
As living in India has become costly and very dear
We have apprehensions on all fronts and deadly fear

We were poor earlier and nobody applied magic stick
We were lifting mud, sands, goods and bricks
We never had problem of food, cloths and shelter
But all of sudden it has made impact and scenario is altered

Not all people want to remain in shameful condition
“Poor and down trodden” pinches as an missile question
We are removed as poor with one stroke
No one had dreamed it to go in thick smoke

Our land is forcibly taken and turned into moles
Wide roads, heavy industries and light polls
Happy scenes all over with heavy cut backs and gain
We have nothing else but to bear the pain

You need no worry about our fate
You have seen it from roots very late
We are bound to suffer as you have no stick
We may die on the road and some one may come and pick

You are honest and sincere and sometimes calm figure
It may be hurting your conscience some times later
But alas! Power hunger is worst than our stomach hunger’
It may not allow you to smile in any stage of anger

You said once “you are compelled power politics”
You can’t take stern action or use the stick
In politics friends friend is considered an enemy
If you don’t practice it then whole of scene becomes stormy

You follow the principle of free economy
Have dialogue with neighbors and pacify the enemy
Beware! You will be dumped as good man
Will blame of inaction and turn you as villain

We are poor and agriculture state
Don’t try to be unreasonable and seal the fate
Economy or no economy, people should survive
Peace at home and front but honesty see and strive

poem by Hasmukh Amathalal
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Deviant Ways

How can you say you hate me with a passion,
And then become compassionately submissive...
With a hunger for me to feed.

What is it about me you despise publicly,
In other's eyes?
Yet privately delight to sweat,
In my arms under 'my' sheets.
With a begging of me not to let you go?

And you wish others to believe this...
To keep me from them distanced?

You wish me your private 'piece'?
But discreetly you seek,
From ME loyalty?
For FREE?
In this economy?

I'm going to cut you off until I am paid!
If that's the way it is going to be.
If it means that much to your 'dignity'!

If that's the way it is going to be.
If it means that much to your 'dignity'!
In this economy?
I'm going to cut you off until I am paid!
Why should I tolerate that nonsense,
These days.
I am not your secret trash to used,
To scratch your rash.
So you can hit it and dash as you please.

Since you want to continue to give me 'shade' in public.
And expect me to keep silent about your 'kinkiness'.
There is going to be mutual dividends to this.

If that's the way it is going to be.
If it means that much to your 'dignity'!
In this economy?
I'm going to cut you off until I am 'paid'!
A 'P' with lots of 'AID'!
If you are expecting me to protect,
Your deviant ways.

poem by Lawrence S. Pertillar
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I'm Not Trying To Find Any Clouds

I have yet to be that kind of person,
To awaken then look out of a window...
To determine how I am going to feel.

And 'if' the weatherman might say,
Rain is coming my way...
That has nothing to do with the Sun,
In my heart.

And these days...
I'm not trying to find any clouds,
To disturb my weather.
That's on me to decide,
What's going on inside!

It's such a beautiful day,
Isn't it?

'Some people got it like that!
I've got arthritis.
My back hurts.
I've got bills to pay.
Prices are going through the roof.
My kids are getting on my last nerve.
Two of my children are in jail,
For selling crack.
And I didn't raise them like that!
I don't have time for fantasies.
It's the economy.
I'm telling you...
It's the economy.
Get real.'

Enjoy your day!

'Whatever! '

You hear that, Father Sun?
After all for us you've done...
Many are blaming their woes,
On the 'economy'.

poem by Lawrence S. Pertillar
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