One World—of Banks
In When Corporations Rule the World, David Korten envisioned corporations like Exxon and Wal-Mart becoming more powerful than countries. They did, but they were outbid by banks.
In the Beginning,
Most wealth was derived from agriculture and forestry.
Then came mining.
Then came industrial goods.
Then came the service economy.
Then came “fun” (a blend of entertainment, information, vacation, and sport.)
Meanwhile, banking regulations disappeared, and banks lent unimaginable amounts of “monies” to all the above sectors to “help them expand,” i.e. to help the banks gain power over them. Today, all the corporations are heavily “leveraged,” i.e. heavily in debt to the banks.
In the Beginning,
The biggest bankers were European, like the Rothschilds.
Then American, like the Rockefellers (Chase, Bank of America).
Meanwhile, European bankers are learning how to destroy democracy. Step one: Get the country deep in debt. Step two: Contribute heavily to the major bank-friendly political party. Step three: Bribe and corrupt the Prime Minister. Step four: Threaten to cut off all aid to the party, unless the Prime Minister steps down in favor of a non-elected European banker.
Thus Greece now has a non-elected “technocrat,” Lucas Papademos, (the name means “father of the people”—like North Korea) as Prime Minister; he has promised “austerity” measures, i.e., bust unions, fire federal workers, distribute wealth up to the rich. Bankers are suggesting that Greece sell some of its island to richer countries. Iran, for example? In Italy, the corrupt Berlusconi has just stepped down and Brussels heavyweight Mario Monti has been appointed. Spain, Portugal, and Ireland are the next targets. Spain is already half-way there, having just elected bank-friendly Mariano Rajoy. Now he needs to be corrupted. It will probably take a few years.
Can it happen here? Easily.
Japan? Less likely.
China? Even less likely.
By the way, are you aware that colleges are now giving students loans in the form of debit cards for which the banks can charge processing fees, overdraft fines, and pretty much whatever they damn please? Then, after college, the fees expand sharply.
How does all this fit in with population, cell phones, diasporas, and the spread of wealth in the undeveloped countries? We’ll talk about it.