- Published on Thursday, 24 September 2015 10:47
In the aftermath of the 2008 credit crunch and massive bank bailouts, bankers were accused of hubris, reckless behaviour and greed. Opprobrium was focused on a few scapegoats such as Fred Goodwin (aka. Fred the Shred), the autocratic chief of the failed Royal Bank of Scotland (RBS), but nothing has changed to address the real cause of the problems, the banking and monetary system itself.
Throughout the post crash period, when numerous bank crimes have been revealed (JP Morgan alone has a charge sheet running to over a hundred pages and made a $23bn "settlement" with the US regulator, the SEC), most senior bankers, and central banks in particular, have remained immune from criticism or prosecution.
Do you know why? Because private banking dynasties are at the core of the Structural Elite, using their global central banks to orchestrate wars and other means of wealth extraction by controlling huge swathes of international business. Their power over media and academia ensures few are aware of their power and inherent criminality.
In the film, major international corporations controlled by the banking dynasties are listed. This concentration of ownership and control was confirmed by a 2011 study, published in the NewScientist:
Revealed – the capitalist network that runs the world
An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy.
The study revealed that just 147 "super entities" control 40% of 43,060 transnational corporations and 60% of their revenues. That corporate power provides total control of all the other levers of power - plus unlimited power through the ability to create money from nothing.
Politics, economics, media, military, law and all the other hierarchical levers of power fall under their control.
The situation is even worse than the study reveals because share ownership can be hidden behind nominee companies, foundations, trusts and offshore entities. Rothschild, for example, has long obscured its wealth and power behind agents, extended family relationships and complex share structures. Arguably, according to a number of independent researchers, the Rothschilds are the richest, most powerful family on the planet; a fact they work strenuously and aggressively to refute by shouting "anti-Semitism" every time revelations gain traction in the mainstream. Distraction and deception has obscured Rothschild power for centuries.
According to the NewScientist study, 45 of the top 50 "super entities" are financial companies, invariably controlled by the banking dynasties.
Central banking is the source of, and conduit to, global power. So while the politicians get the blame, central bankers (or those that control them) are pulling the strings. The players come and go but the hegemonic structure glides on accumulating ever more wealth and power.
Let's blame the real cause of world problems: concentrated power arising from three flaws in the economic system and hierarchy.