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Finance: The World Financial System-How It Really Works: Updated 7/14/14
By Lonnie Hicks
Posted: Monday, December 12, 2011
Last edited: Monday, July 14, 2014
This short story is rated "G" by the Author.
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           >> View all 433
How Does The World Financial System Really Work and How Does It Affect US?


Update: The most powerful bank in the World and the history of the single minded pursuit by elites of total control over the masses.
Update: Over-Draw at the Bank get banned can't open a checking account account?
Update: Privatizing Cost More Money
Than It Saves?
Update: LA and other cities fight back against big banks.
Update: The US Financial System as a Scam
Update: The Financial History of the World 4 hour video
Update: Why Currency Wars Matter To You
Update: Update on The World's Financial Situation. Grim.
Update: Clear statement on the current situation for most people in the US and the UK
Update: Do we need private banks controlling our money supply. The alternatives?
Update: The Federal Reserve Bank and American History
Update: The Crisis of the Rich in the 21st Century
Update: How the Rich Took Over America and tricked us in the Federal Reserve and Endless Wars
Update: Poorest families on welfare get less and middle class families on welfare get more in welfare?
Update: How Wall Street Bankrupted American Cities- and still is doing this.
Update: 5/2/14 The Secret World of Hedge Funds
Updated: 4/26/14 The Piketty Study on Inequality. New and influential Study
Updated: 4/18/14 The American Dream is now a myth?
Updated: 4/18/14 Too Big to Fail and Too Big to Go to Jail
Updated: 4/14/15 Who really pays the taxes in this country?
Updated: 4/14/14 How banks and the rich have shifted the tax burden over the last 20 years to the middle class and the poor. Audio interview.
Updated: 11/27/13 NSA snooping sex sites and How Wall Street funnels the poor to jail after stealing their homes
Updated: 11/6/13 Bank Deregulation and Economic Crashes. Elizabeth Warren Speaks.
Updated: 7/6/13 An update as of today
Updated: 11/25/12 The World Shadow Banking System: The Video
Updated: 12/13/11 So smarty pants (I hear you say) do you have any ideas about how all this can be fixed?
Well yes.

Updated: 12/18/11 The British fire salvos aimed at the big banks. What will the US do?

Updated: 12/20/11 The Federal Reserve Bank proposed reforms. (Make me laugh)

Updated:12/23/11 Congress engages in insider trading and enrich themselves doing so.

 
The issue at hand is how the world financial system works.

What are the drivers?

First there are four actors: Governments, the middle class, the poor and the banks.

The middle class and the poor are the major producer of goods of value in systems; they are the only ones who produce anything of value in terms of actual goods.  Governments produce valuable services and the banks and Wall Street-like institutions produce very little but trade and make money on the goods produced by the middle class and the poor.

The main driver in the system is population.

The explosion of population around the world was made possible by the use of oil and oil products. From a population of around two billion, a number which had been stable for centuries, with oil and petroleum we now have a planetary population of roughly 7 billion in a little over 100 years. This is tremendous grow and is now exponential growth. The population is now expected to see accelerated growth to where it may double every 50 years. We will see population explode to 9 billion souls in less than 30 years!

This overall population growth has occurred in less than 200 years, producing an enormous dilemma for governments.

It has produced life style changes of a dubious and unsustainable nature. It has produced famine, war, strides in education true , but all in all it has been a mixed bag and will likely not last.

But it is also clear now also such “strides” endanger the planet and threaten the very existence of the human race.

So how did this occur and what does it have to do with the world financial system?

This explosion of population also created a concomitant need for food, for services, it also resulted in massified institutions.

The massification of society from its rural roots to people crammed in cities has created huge demands on governments for revenue, for food, for planes and tanks to fight wars over resources to keep their populations happy least they be toppled by revolution and uprisings.

Governments needed more than taxation money from the middle classes and turned to the banks as a way of getting their hands on the needed revenue.

There is this partnership between banks and government which has existed for centuries.

Banks offered ways for the government to get at middle class money beyond taxation. That is, we put our money in the bank everyday and that money is loaned in turn back to us, but, most of it goes to loans to governments.

This is the pattern all over the western world.

In order to get the funds governments have had to promise banks that any money lost to commercial loans or even government loans would guaranteed by those very same governments and be paid for by more taxation or by growth of their economies.

So banks have been guaranteed an income and no, or low risk, in exchange for their continuing to pass along to government more and more of our money which we have placed into those banks.

All this was supposed to work given steady growth of an economy, and hence, more wealth and jobs and taxes and this would make everything ok.

More growth means more taxes for governments and more wealth being placed into the banks and the governments would get the money back to finance more growth and to pay for more services of a ballooning world population.

All this works, somewhat, until the banks get greedy and keep more than a fair share of the wealth, or until population grows so much that taxation cannot keep up with the needs of that very same population. There busts follow booms, follow busts.

We are now at a situation where no amount of conceivable growth can meet the needs and population driven needs and costs cannot be made up by additional taxations on the middle class and the poor( who pay more in taxes proporationally than the rich.)

We at a point where the third alternative of exploiting third world populations for their resources and cheap labor also cannot make up the difference either.

We at a point where peak oil has occurred and that resource is running out and becoming more and more expensive to dig out of the ground, to the point where we are willing to dig up under the Arctic shelf to find more of the stuff to keep this balloon going.

In Europe the debt crisis, where the banks are bankrupt and have, in turn, bankrupted the governments who guaranteed all of the loans these banks made and these governments have had to, in turn, try to get money from the populations by more taxation, or by reducing the costs of government drastically, which is fact another form of taxation on the middle classes. The poor have been abandoned, and/or incarcerated.

These are the so-called austerity programs now being foisted upon the poor and middle classes in the entire western world. The elites are now poised to use this situation to control world events, finances, war and populations. (More later)

This is happening as well all over the world, east and west, in the United States as well.

Greed has exacerbated the situation where the super-rich are trying  to save themselves and their wealth effectively have now have taken to hoarding middle class deposits, threatening not to loan money to governments, or now use it to exploit and dominate domestic governments or use it to exploit the poor, and/or third world countries to increase their wealth.

Their major objective is to control everything. A psychopathic dream of total domination simliar to the serfdom system in England a thousand years ago, reducing the entire planet to debt slavery.

Governments tolerate this because they are hoping the rich will loan part of the profits from all this to these same governments to help them keep the wolf from the door. Now mind you, the banks after taking our money, our houses and our treasure, piously telling us we have to cut back and promise to loan our own money back to us at usurious interest rates. Astounding.

None of this mind you, in fact, really works and is a gigantic robbing Peter to pay Paul scheme which periodically collapses.

Now there is a second banking system at work here as well, that is the central banks.

Every country has a version of this hidden shadow banking system.

In the US this is the Federal Reserve Bank.  It is neither federal, nor governmental and is fact is the cartel of the largest banks in the United States-Wells, Chase, Citibank, etc,.

In 1917, by machination and subterfuge, the US government was duped into creating the system where control of the currency, printing money, is given over to these private banks, who of course, use that power to enrich themselves.

Their power is the power to print money, literally print money, which they then loan to themselves at low or at no interest rates.

This is the manufacturing of money at no cost except the cost of the paper it is printed upon. The dollar bill is not a US treasury note, but is a Federal Reserve note. This should tell you something.

Governments around the world have adopted this shadow banking system because the central banks agreed to lend that paper money to fund the debt of the governments involved. The governments then used the printed money to keep up with the demands of their ever growing populations and to promote growth by giving money back to the super-rich in the form of no, or reduced, tax rates and guaranteed profits.

This is the unstated deal between governments and banks.

This is a round robin using middle class money: a ponzie scheme.

But, this too, is a hidden tax on the middle class in that, if growth does not occur, then inflation is a result; inflation is a tax upon the middle class in a no-growth scenario where wages are flat. US wages have been flat or declining for 30 years while prices have gone up.

If this all seems confusing it is because it is not only confusing but makes no financial sense what so ever and obscures a system which benefits and is contolled by the elites, mostly now, bankers, and central bankers.

Note also, that governments loan money to governments as well.

The Chinese have loaned the US government trillions. This system is, in fact, a world order where the middle class populations of every country support the governments and the banks.

Financial control is now more important than political control; in fact, political control is now subordinated to he who has financial control over middle class/poor populations who really produce the only real wealth on the planet.

All of this is, therefore, as I have described elsewhere, in the end, a gigantic scheme for a few to enrich themselves at the expense of others, using other people's money, that is the money of the poor and middle classes who everyday give the banks their money, their deposits every day, their retirement funds, their savings.


Without those latter actions the system fails because the only real money lies with the 99 percent..

But what to do?

Population, is the major driver in all this, and population, it seems, will continue to grow exponentially while resources only grow arthmetically created by the false scarcity and profit mongering capitalism.

This fact is ominious.

We examine possible solutions tomorrow. And there are solutions.

In preparation I have written a bit on this on this site in "What America Needs to Do to Survive" and in my blog on "Obama- The Report Card."

But there is more tommorow beyond these items written over a year ago.

12/13/11

First in the area of solutions is to examine why this system fails so regularly. There, are of course, many reasons. Here are a few preliminary ones.

1-Putting banks in control of other peoples money and no regulations is an obviously bad idea and has failed.

We have to end this. See my blog on this site entitled "The Big Banks: What Are The Alternatives."

2-Much of the issue is unregulated greed and this in turn is fueled by our banking system is based on the fact that every one in the system is seeking to make a profit on every transaction. This led to banks selling the same mortgage 50 times (derivatives) over to various customers, something that makes no sense financially or otherwise and is outright fraud; which the banks fully knew as they placed big bets that these derivatives would fail and they did. In fact the banks had a financial interest in that failure through "re-insuranace schemes (AIG.) This is what is known as "hedging."

And these phony derivatives did fail and the banks made billions on them this over and above what they got in bail outs.

That is why they recovered so quickly. They are betting on failure again, betting that America will go bust, and will get rich if America does, and are in a position to make sure their bets come true by their daily manipulations of the markets. Governments tolerate this because they get some of that money demanding that banks buy, say, US treasury notes.

But the damage done in 2008 did not go away--over 700 trillion in these now worthless derivatives are still out unpaid and is debt hidden on the balance sheets of banks around the world. (Some estimate the number, if we include private equity funds, at a quadrillion dollars.)

3-The last of these preliminary solutions include creating, a non-profit banking system with real controls on the for-profit banks.

4-Stop giving the predatory banks our money everyday and put our money in local banks with the proviso that this money be invested locally to create jobs locally.

The state bank of North Dakota is an example of a state-owned, not profit bank that has been in place for decades and really serves the citizens of that state as opposed to exploiting them.

That state has no recession.

More over California and cities are now looking into municipal and state banks where the contagion of profit with other people's money is taken out of the equasion. See my article "The Big Banks-What Are the Alternatives?" on this site.

5. Launch a federal program to fund local banks through the Community Reinvestment Act which currently exists. This act requires that banks set aside 1% of their deposits for local investments and local economic development. Since small businesses produce most of the jobs in this country, not corporations, it makes sense to put 150 billion into this program.

Currently the conservatives are trying to kill this program but it, in fact, should be expanded. A catch, however, is that the presidents of the big banks and the federal reserve actually run this program and might resist more money being put into this effort. It should be done regardless, and is a fight worth fighting for.
 

More soon.

12/18/11
Solutions UK style. These will be imitated in the United States. They are logical ones to pursue.

I will discuss these solutions in a later blog.

http://www.bbc.co.uk/news/business-16235636

http://www.bbc.co.uk/news/business-12391532

12-20-11

 The US banks, via the Federal Reserve are now following the proposed UK banking reforms. Too little to late?

http://www.bbc.co.uk/news/business-16280175

 http://www.bbc.co.uk/news/business-16239255

 
12/22/11
 

 For an peek at the round robin process I have described above see the NY Times article below. The authors describe this in the context of governments, and banks trying to deal with the Euro Debt Crisis and in doing so we get a rare peak behind the green curtain at OZ.

http://www.nytimes.com/2011/12/22/business/global/demand-for-ecb-loans-surpasses-expectations.html?pagewanted=1&_r=2&hp

 Will this proposed solution work in Europe and in the United States? I will evaluate this tommorow and the other proposed reforms as well.

A hint: You cannot solve debt problems by adding on more debt.

 12/23/11
Insider trading is legal for congress people. See link:

http://www.booktv.org/Program/13109/Throw+Them+All+Out+How+Politicians+and+Their+Friends+Get+Rich+Off+Insider+Stock+Tips+Land+Deals+and+Cronyism+That+Would+Send+the+Rest+of+Us+to+Prison.aspx

Salt to the wound if these insider trades go bad, often we the taxpayers have to pay for it all.

 http://thehill.com/business-a-lobbying/199523-insider-trading-bill-advances-in-senate-over-gop-opposition

 The above bill, odds are, will be in the end, watered down or killed.

 9/15/12

Here is a case study showing exactly how the world financial systems works--its showed up in the 2008 financial crisis.

http://news.goldseek.com/GoldSeek/1347653228.php

11/25/12

The World Shadow Banking System-How it Works.

http://www.youtube.com/watch?feature=player_detailpage&v=XliTvxqTtsE

 http://rt.com/shows/keiser-report/episode-466-max-keiser-651/

11/6/13

Bank Deregulation and Economic Crashes. Elizabeth Warren Speaks.

 http://www.youtube.com/watch?feature=player_detailpage&v=nTWfa-iO9Nc

 11/27/13
How Wall Street has created the incarcenration nation. And more on NSA

 http://www.alternet.org/corporate-accountability-and-workplace/how-wall-st-turned-america-incarceration-nation

http://www.alternet.org/news-amp-politics/top-secret-documents-reveal-nsa-spied-porn-habits-radicals-discredit-them?akid=11195.260128.HbUMUF&rd=1&src=newsletter930023&t=5

 4/14/14
How the rich and the banks have shifted the tax burden from themselves to the middle class and the poor.

http://www.kpfa.org/archive/id/101825

http://www.kpfa.org/archive/id/101906

 http://www.authorsden.com/visit/viewshortstory.asp?id=59959&authorid=121255

http://www.authorsden.com/visit/viewshortstory.asp?id=59959&authorid=121255

 http://www.authorsden.com/visit/viewshortstory.asp?id=54195&authorid=121255

 http://www.authorsden.com/visit/viewshortstory.asp?id=49909&authorid=121255

 4/14/14
 

"Who pays federal taxes?

Last year, the federal government collected $2.8 trillion in taxes and fees. Here is where the money came from:

— Individual income tax: 47 percent.

— Payroll taxes: 32 percent.

— Corporate income tax: 10 percent.

— Excise taxes: 3 percent.

— Unemployment insurance: 2 percent

— Estate and gift taxes: 1 percent.

— Customs duties: 1 percent.

— Miscellaneous: 4 percent.

Sources: IRS, AP-GfK Poll conducted March 20-24, Treasury report on budget year 2013."

From:

http://bostonherald.com/news_opinion/national/2014/04/april_15_not_much_of_a_deadline_for_most_taxpayers

40 years ago it was reversed. Corporations paid at a 91 percent tax rate 47 percent of the taxes.

Since they only pay 10% of the taxes now, guess who has had to make up the rest: individuals have been burdened with the payroll taxes, the unemployment taxe, the medicare taxes and now we are paying 82 percent of the taxes. What is wrong with this picture?

4/18/14

Too Big to Fail and Too Big To Go To Jail

http://www.alternet.org/books/matt-taibbi-superrich-america-have-become-untouchables-america-who-dont-go-prison

  4/18/14

The American Dream is now dead?

 https://www.youtube.com/watch?feature=player_detailpage&v=pyVmoCxnGyk

 4/26/14

The Piketty Study on Inequality. New and influential Study

http://www.nationofchange.org/now-we-know-economic-inequality-malady-and-not-cure-1398519838

 5.2/14

The Secret World lf Hedge Funds and how they have sold out America

"Prominent hedge funds are helping to fuel the wave of so-called inversion deals that are structured to lower tax rates by moving the domiciles of U.S. companies, particularly those operating in the pharmaceuticals sector, to foreign jurisdictions like Ireland. It’s pretty clear that Wall Street has cheered on the inversion trend, feasting on the investment banking fees generated by these deals, and that the markets even enjoy an increase in price of the stocks of both the seller and the buyer on the day the deals get announced".

Now if these huge companies dodge taxes in the US the US taxpayer has to make up the  difference in taxes we pay here at home, and more, a weakened tax base means more austerity programs for the US population and a weaken political system becomes even more dependent upon corporate money.

This is a win-win for companies who already have parked over 1.2 trillion dollars overseas already! They have refused to bring or invest that money back home, furthering economic chaos in the US. This is tantamount to economic treason, all the while using their dollars to encourage "patriotism" among these same beleaguered Americans they are fleecing.

5/9/14

How Wall Street is and did bankrupt America's Cities

 http://www.nationofchange.org/la-story-s-all-too-familiar-1399646753

 5/11/14 What is wrong with Welfare?


"That means in 2014, a family of four earning $11,925 a year likely got less aid than a same-sized family earning $47,700."

 From:

http://www.sciencedaily.com/releases/2014/05/140506130259.htm

 Is wall street rigged? NY AG thinks so.

 
 

New York AG Now Focusing on High-Frequency Trades

 
By Ed Silverstein
 
  High-frequency trading is getting scrutinized by the New York Attorney General’s office - as investigations involving federal authorities continue into the controversial practice.

Among the firms named in a Wall Street Journal report are Goldman Sachs, Barclays and Credit Suisse, as AG Eric Schneiderman's office decides if high-frequency trading firms

had advantages over other investors through private venues run by the banks, known as “dark pools.”

His office wants the banks to provide information that could show if high-speed firms had “secret arrangements,” the report said. Such arrangements may give firms unfair preferences in making trades.

In total, some half-dozen banks could be investigated by the state’s Attorney General’s office, news reports said.

And Goldman Sachs’ private stock-trading venue “Sigma X” could be closed down, according to news reports - but no decision on its future has been made.

Meanwhile, the Securities and Exchange Commission, the Department of Justice and the Federal Bureau of Investigation are looking at high-speed trading, as well. In particular, the DOJ and FBI may be looking at whether the almost instant trades violate insider trading regulations, according to Fortune.

 
Note that the pension fund people, state funds,  union pension funds, all pension fund managers, banks, all keep quiet about all this because the managers of these funds benefit from wall street and the retires only find out about it 40 years later  when they try to retire and find out they have accumulated only 1 percent interest over these years, house underwater, heavily in debt, school and credit card debtHow did this happen? What is the history even beyond 40 years ago? See the stunning video below.

5/12/14

How the Rich Took Over America and Tricked US into the Federal Reserve System and Endless Wars

Stunning Video

https://www.youtube.com/watch?feature=player_detailpage&v=p6I6L8b6mQs

5/13/14

 The Crisis of the American Empire in the 21st Century, and the Rich

http://www.counterpunch.org/2014/05/13/the-federal-reserve-and-an-unsustainable-empire/)

 5/15/14

The Federal Reserve Bank in American and English History Video

 https://www.youtube.com/watch?feature=player_detailpage&v=RzoP4iMICO4

The Deficit: The Facts

 http://www.authorsden.com/visit/viewshortstory.asp?id=50518

 Meritocracy of the Poor and Middle Class?

http://www.nationofchange.org/evidence-meritocracy-made-poor-people-1400511508

 Do we really need Wall Street Banks? What are the laws preventing reform?

http://truth-out.org/news/item/23781-are-private-banks-unconstitutional

 5/23/14

How are average citizens doing in the US and in the Uk. Their financial future?

http://www.youtube.com/watch?feature=player_detailpage&v=NWtRgW4cjjY

 5/27/14
 

What's happening and going to happen in World Finances? Take a look.

Quadrillion in Derivative Debt-
 

"A derivative, put simply, is a contract between two parties whose value is determined by changes in the value of an underlying asset. Those assets could be bonds, equities, commodities or currencies. The majority of contracts are traded over the counter, where details about pricing, risk measurement and collateral, if any, are not available to the public.

In other words, a derivative does not have any intrinsic value."

 

"According to official government numbers, the top 25 banks in the United States now have a grand total of more than 236 trillion dollars of exposure to derivatives.  But there are four banks that dwarf everyone else.  The following are the latest numbers for those four banks...

JPMorgan Chase

Total Assets: $1,945,467,000,000 (nearly 2 trillion dollars)

Total Exposure To Derivatives: $70,088,625,000,000 (more than 70 trillion dollars)

Citibank

Total Assets: $1,346,747,000,000 (a bit more than 1.3 trillion dollars)

Total Exposure To Derivatives: $62,247,698,000,000 (more than 62 trillion dollars)

Bank Of America

Total Assets: $1,433,716,000,000 (a bit more than 1.4 trillion dollars)

Total Exposure To Derivatives: $38,850,900,000,000 (more than 38 trillion dollars)

Goldman Sachs

Total Assets: $105,616,000,000 (just a shade over 105 billion dollars – yes, you read that correctly)

Total Exposure To Derivatives: $48,611,684,000,000 (more than 48 trillion dollars)"

From:

http://theeconomiccollapseblog.com/archives/the-size-of-the-derivatives-bubble-hanging-over-the-global-economy-hits-a-record-high

See also:

http://www.bis.org/publ/otc_hy1405.htm

 5/30/14

Why Currency Wars Matter to You

https://www.youtube.com/watch?feature=player_detailpage&v=cs1Xwm1TuIM

Update: 5/3114

The Financial History of the World 4 hour video

 https://www.youtube.com/watch?feature=player_detailpage&v=4Xx_5PuLIzc

5/31/14

The US Financial System as a Scam

 https://www.youtube.com/watch?feature=player_detailpage&v=iFDe5kUUyT0

 6/2/14

http://www.theguardian.com/money/2014/jun/02/los-angeles-racist-mortgage-lending-big-banks

 6/90/14

Privatizing costs more than it saves, and drive people into poverty?

http://www.nationofchange.org/how-government-contracting-out-drives-costs-pushes-down-workers-1402324444

 6/19/14

"Ms. Williams, a 25-year-old resident of Queens, is one of more than a million Americans who have been effectively blacklisted from the mainstream financial system because they overdrew their accounts or bounced a check — mistakes that routinely bedevil young and low-income consumers, financial counselors say. While Ms. Williams paid back Bank of America the roughly $700 that she owed, a record of her youthful transgressions remains in a vast private database, preventing her from opening a new account."

From:
http://dealbook.nytimes.com/2014/06/15/bank-account-screening-tool-is-scrutinized-as-excessive/

 7/14/14

The Bank For International Settlements (BIS) the largest bank in the world no one ever heard of.

Here is a quick description of that bank and its role and functions.

"The following is a brief overview of the Bank for International Settlements from one of my previous articles entitled "Who Controls The Money? An Unelected, Unaccountable Central Bank Of The World Secretly Does"...

An immensely powerful international organization that most people have never even heard of secretly controls the money supply of the entire globe.  It is called the Bank for International Settlements, and it is the central bank of central banks.  It is located in Basel, Switzerland, but it also has branches in Hong Kong and Mexico City.  It is essentially an unelected, unaccountable central bank of the world that has complete immunity from taxation and from national laws.  Even Wikipedia admits that "it is not accountable to any single national government."  The Bank for International Settlements was used to launder money for the Nazis during World War II, but these days the main purpose of the BIS is to guide and direct the centrally-planned global financial system.  Today, 58 global central banks belong to the BIS, and it has far more power over how the U.S. economy (or any other economy for that matter) will perform over the course of the next year than any politician does.  Every two months, the central bankers of the world gather in Basel for another "Global Economy Meeting".  During those meetings, decisions are made which affect every man, woman and child on the planet, and yet none of us have any say in what goes on.  The Bank for International Settlements is an organization that was founded by the global elite and it operates for the benefit of the global elite, and it is intended to be one of the key cornerstones of the emerging one world economic system."

Even the president of this most elite of banks is warning of a global financial collaspe.

From:
https://mail.google.com/mail/u/0/h/a9zmaujroop/?&v=c&th=14733f37afd34313

Now what is striking here is that the patterns currently observable here in the 21st century have a long history. What is different is that, in this, the 21st century bankers still pursue the psychopathic elite dream of total control and domination over the masses and it seems to them more attainable than at any time in history.

History?

Take a look at what the goals are of this elite driven movement and the its historical elements.

The last incarnaton of the dream was in the middle ages, before the avent of the democratic movements. This is what elites are striving to reinstate.

Unbelievable but true .

First the real power relations that existed in the middle ages, then an update from the likes of Alan Watts.

Stunning videos.

http://www.youtube.com/watch?feature=player_detailpage&v=qM-slEErFtM

Alan Watt undates us on the current plans of the bankers and the global elties. He is a brillilant thinker, in my view.

http://www.youtube.com/watch?feature=player_detailpage&v=GArlDpwvFhc

Back to discuss this is great detail on tomorrow.


Web Site: www.lonniehicks.com  

Reader Reviews for "Finance: The World Financial System-How It Really Works: Updated 7/14/14"


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Reviewed by Z McClure
Interesting article. I agree with your opinion that a relatively few people have designed this elaborate system in order to enrich themselves. The average person on the street is either too busy to look into this money-making exploitation scheme, or else not smart enough to see through the facade. Occupy Wall Street is composed of people who are on to this 1%, but the 1% controls the police forces, courts,press etc. and so has the 'muscle' to legally muzzle this movement. As in the rest of the world, it may take literally extracting these leeches from their host. Well written.
Reviewed by m j hollingshead
well said
Reviewed by Patrick Granfors
You know it's bad when Barney Frank "retires". Patrick
Reviewed by J Howard
a "wealth" of information imparted for the "welfare" of the masses...who but demand "credit" when they have none...nor job...nor desire to EARN the credit...it is a dance with the devil... i am afraid.

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