How To Rebuild The Global Financial System

[urbsdad6]

Interesting thoughts, what do you think?

Doc Urb




How To Rebuild The Global
Financial System And
Save The Planet
By Benjamin Fulford
10-10-8

With a brand new financial system built from scratch, it would be possible to end world poverty and stop environmental destruction within a month. The reason is simple, we have been blinded from reality by a hypnotic pyramid scheme known as the world financial system. The financial system is nothing more than the process of deciding what humanity will do in the future. In other words, it is fundamentally nothing more than mass psychology. Thus, if humanity changed their collective psychology about how to run the planet, it could decide, within a few days, to care for the poor and stop destroying nature. It is simply a matter of making the collective decision to do so. That is all.

Before offering one example of how a new system could function, let us look at what exists now. For a long time certain privately owned central banks, most notoriously the Federal Reserve Board and the Bank of England, have been turning this planet into a hellish slave pyramid. At the bottom are poor innocent creatures being burned to death by starving third world farmers moving on from depleted soil to find fresh farm land to feed their hungry children. The innocent creatures have no value because the global financial system considers them worth zero unless they are turned into "products." Thus the poor of the world pass what little income they are able to glean from the destroyed rain-forest up to the next step of the pyramid. That would be small time merchants who peddle mostly goods made in faraway lands for a teeny profit. And so the up the pyramid we go, past bribed leaders who sell their countries natural resources for a pittance and ignore environmental protection rules in exchange for huge bribes. If they try to stand up for their people and ask for a fair price, the Western peoples are fooled with a fake story into supporting a "war" against an "evil dictator."

Further up the pyramid we find the brainwashed populations of the Western world who support endless wars because they have been fooled into thinking it is for "human rights" and to spread "democracy." They mostly live lives of meaningless hedonism enabled by the tribute payments they have been receiving from the poorest countries. Both their education systems and their media have been subverted so long ago that they rarely wake up to the fact they have been brainwashed all their lives. If they do, they are "taken care of."

Next up we find the pigs of the system. These are the ultra-rich who know the true masters are the hyper-rich who make their money by printing paper. Although many of them actually make real things and thus contribute to humanity, they go along with this con-job because they are both bribed and scared of being killed by hired goons.

Now let us look at how the fiat money system controlled by the hyper-rich works. What they do is create money out of nothing, usually as digits in a computer. They then "lend" this money to the people who have to pay it back with "interest." The end result is an upwards flow of tribute to an elite few at the top in exchange for nothing. Up the pyramid goes real stuff, down the pyramid goes paper worth "nothing."

On a smaller scale this sort of thing is known as a pyramid scheme. On a global scale it is still a pyramid scheme. Pyramid schemes end when they run out of new people ready to join the bottom of the pyramid. The global pyramid scheme is ending because we are running out nature to destroy and people to oppress. The situation is so dire that 90% of the world's savings are going to feed a hungry Anglo-American Israeli military machine that is being used to suppress the people of the planet. As they say, you can't squeeze blood from a rock so, the situation now has come to the point where the pyramid is collapsing.

What we need to do now is to rebuild the global financial system from scratch. One approach would be to stop the digital printing presses and give people in bankrupt America/England and Israel etc. enough cash for a month or so to tide them over until the new system was built. We would then need to do an inventory of the planet earth. It would assign value to everything on the planet, forests, oceans, people etc. Any money in the old system that could be connected to real things like land and factories, would remain in the hands of its previous owners. Any money that was made from "nothing" would be reassigned to the forests, oceans and poor peoples of the world.

The next step would be to gather all the wisest people to come up with the details of a better way of navigating into the future. This would involve creating a harmonious balance between nature, markets and people. The end result should be that humanity as a whole creates more life and wealth than it destroys. In other words never again must humanity become an engine of destruction. Humanity can then go out into the universe creating new gardens of Eden everywhere.

Benjamin Fulford






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http://www.rense.com

[revwardoc]

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http://articles.moneycentral.msn.com...lide-show.aspx

They should be on the FBI's Most Wanted List.

[Keith_Hixson]

If you are a conservative theologian you believe that this world wide financial collapse is just an eschatological event and that Obama just might be the Anti-Christ.

Sometimes it makes you wonder.

Keith

[darrels joy]

The people with a LOT of money who think that they should run the world and make the decisions for us all because they are smarter and it would be for our own good , already meet in Davos, Switzerland.

[Boats]

I had to look up the eschatology word to see it deals with death and then I re-read your thread again and now understood where you were coming from. The end of days is still aways off - unless our luck runs out and we get hit by the Mother of all asteroides.

What we are learning is that our entire banking system - is sick. I feel this world wide house cleaning of bad banking practices will be a tough one to recover from - but it may result in a better system (as so stated by the earlier thread above).

I too have lost 40% of my retirement - which will impact my livelyhood should I be laid off. It seems we are all suffering the pains of this correction. I do not see a quick fix rather it will pancake further down into the system - cutbacks, layoffs and loss of medical coverage will be major adjustments.

I do foresee those have and have-nots - having conflicts over (lets call it unshared wealth) and what's yours - they will try to take it away from you. I'm locked and loaded and will have to protect my families best interest. I've seen this once before in the early 80's. Take care not do not indicate to others that you have something - as they want to take it away from you (or at least lets say they will try).

The overall panic has not yet peaked yet. I feel the worst is still to come. I'm not a doom sayer - but all the signs are there.

As for the coming of the Anti-Christ - I doubt that - but it won't be pretty. I know the Old Man upstairs is still there and watching out for us. But he wants us to bail ourselves out after all we did this to ourselves. It will be tough and hard sleding. Winter will soon be upon us all and the heating bills are already going up 20%.

Regardless whose president - he's only a figure head and the real corrections will require a complete overhaul of the congress and if they can't work together and get these issues resolved - well its only going to get worse.

I know its a struggle for us all. I also know there are many others who are suffering from this collaspe of our economic system. This correction will take decades to recover and at my age I won't see it make this recovery.

My employment is now suspect and I have serious doubts that I will be here one-year from now. Remember - my old company went under and I had to find another job. Now 62 - I'm still working but our business here is tanking - VERY SLOW. Expenditures by all parties have just stopped. Only thing going is food and gas. Forget the sin elements like drink and smokes. We may have to result to hunting and fishing for a living once more. Is that bad? Don't know but many can't feed themselves - let along grow their own food.

All and all - I want to stay positive and pray for a quick stabilization of our situation. HC I'm sure will enlighten us further - using his positive outlook and colorful disclosure of how to correct this system.

God Speed to all of us - let's stay positive and look forward - that's all we have left.

[revwardoc]

http://ap.google.com/article/ALeqM5i...9GCgQD93M2CP00

AIG execs' retreat after bailout angers lawmakers

WASHINGTON (AP) — Days after it got a federal bailout, American International Group Inc. spent $440,000 on a posh California retreat for its executives, complete with spa treatments, banquets and golf outings, according to lawmakers investigating the company's meltdown.

AIG sent its executives to the coastal St. Regis resort south of Los Angeles even as the company tapped into an $85 billion loan from the government it needed to stave off bankruptcy. The resort tab included $23,380 worth of spa treatments for AIG employees, according to invoices the resort turned over to the House Oversight and Government Reform Committee.

The retreat didn't include anyone from the financial products division that nearly drove AIG under, but lawmakers still were enraged over thousands of dollars spent on outing for executives of AIG's main U.S. life insurance subsidiary.

"Average Americans are suffering economically. They're losing their jobs, their homes and their health insurance," the committee's chairman, Rep. Henry Waxman, D-Calif., scolded the company during a lengthy opening statement at a hearing Tuesday. "Yet less than one week after the taxpayers rescued AIG, company executives could be found wining and dining at one of the most exclusive resorts in the nation."

Former AIG CEO Robert Willumstad, who lost his job a day after the Federal Reserve put up the $85 billion on Sept. 16, said he was not familiar with the conference and would not have gone along with it.

"It seems very inappropriate," Willumstad said in response to questioning from Rep. Elijah Cummings, D-Md.

"Those executives should be fired," Democratic presidential candidate Sen. Barack Obama said at a debate with Sen. John McCain on Tuesday, referring to the retreat participants. Obama also said AIG should give the Treasury $440,000 to cover the costs of the retreat.

But Eric Dinallo, superintendent of the New York State Insurance Department, said he could see the value of such a retreat under the circumstances.

"Having been at large global companies and knowing what condition AIG was in ... the absolute worst thing that could have happened" would have been for employees and underwriters in its life insurance subsidiary to flee the company.

"I do agree there is some profligate spending there, but the concept of bringing all the major employees together ... to ensure that the $85 billion could be as greatly as possible paid back would have been not a crazy corporate decision," Dinallo told the House committee.

The hearing disclosed that AIG executives hid the full range of its risky financial products from auditors as losses mounted, according to documents released by the committee, which is examining the chain of events that forced the government to bail out the conglomerate.

The panel sharply criticized AIG's former top executives, who cast blame on each other for the company's financial woes.

"You have cost my constituents and the taxpayers of this country $85 billion and run into the ground one of the most respected insurance companies in the history of our country," said Rep. Carolyn Maloney, D-N.Y. "You were just gambling billions, possibly trillions of dollars."

AIG, crippled by huge losses linked to mortgage defaults, was forced last month to accept the $85 billion government loan that gives the U.S. the right to an 80 percent stake in the company.

Waxman unveiled documents showing AIG executives hid the full extent of the firm's risky financial products from auditors, both outside and inside the firm, as losses mounted.

For instance, federal regulators at the Office of Thrift Supervision warned in March that "corporate oversight of AIG Financial Products ... lack critical elements of independence." At the same time, PricewaterhouseCoopers confidentially warned the company that the "root cause" of its mounting problems was denying internal overseers in charge of limiting AIG's exposure access to what was going on in its highly leveraged financial products branch.

Waxman also released testimony from former AIG auditor Joseph St. Denis, who resigned after being blocked from giving his input on how the firm estimated its liabilities.

Three former AIG executives were summoned to appear before the hearing. One of them, Maurice "Hank" Greenberg — who ran AIG for 38 years until 2005 — canceled his appearance citing illness but submitted prepared testimony. In it, he blamed the company's financial woes on his successors, former CEOs Martin Sullivan and Willumstad.

"When I left AIG, the company operated in 130 countries and employed approximately 92,000 people," Greenberg said. "Today, the company we built up over almost four decades has been virtually destroyed."

Sullivan and Willumstad, in turn, cast much of the blame on accounting rules that forced AIG to take tens of billions of dollars in losses stemming from exposure to toxic mortgage-related securities.

Lawmakers also upbraided Sullivan, who ran the firm from 2005 until June of this year, for urging AIG's board of directors to waive pay guidelines to win a $5 million bonus for 2007 — even as the company lost $5 billion in the 4th quarter of that year. Sullivan countered that he was mainly concerned with helping other senior executives.