Bernie Madoff’s pyramid scheme was a dry run, for the banking pyramid scheme that brought about the 2008 world wide recession which was a dry run for the real one, A Giant world wide pyramid.
Madoff could never have pulled it off without Jamie Daimon and Blankfein not knowing what was going on and also covering for him and allowing the corruption to carry on for so long, the corrupt banking system made sure it offered Madoff as much support as possible, until one summers day, the top elite of this pyramid decided to pull the plug and drain their money out leaving the 99% at the bottom of this pyramid, penniless, in many cases their life savings vaporised into the back pockets of the top 1 percent, like what happened with the big American and British banks re the 2008 recession.
That’s why these ponzi schemes get the name, pyramid schemes, the few that start it, get pushed to the top by the masses at the bottom who get used and abused and spat on to wet the beaks of the top 1% from the bottom 99% making up the pyramid.
That’s basically how a pyramid scheme works, the sooner you get in the more you make from those that join later, as you rob them of their money to pay you and your chums fat returns, until it eventually goes bust when people stop joining and there’s no more money to keep paying the false returns and then people start to take their money out and bang, the pyramid falls down, like what happened to the big American and British banks, $15 trillion was taking from the 99% and paid into the pockets of the top 1% via fraudulent fictitious transaction (fees for swapping toxic bundled home loans, that they just kept swapping and paying each other fees each time) until there wasn’t any moeny left, and then it collapsed, only to be bailed out by the government.
Now in order to make a giant worldwide pyramid, or otherwise a central peak of the world wide banking, governments, arms and industrial complexes, oil, corporate and news media corporations, schools etc, there would have to be a massive merger mania to centralise this power.
We’ve seen merger mania taking place across all spectrums from banking to corporates to cellular etc, during the boom 0f 2001 t0 2007, and post the recession, we saw the big currupt banks take over the assets of each other, centralising control (JP Mprgan etc), making a nice pyramid.
And now once again, it’s merger mania, Korean banks are taking over each other (KEB & HANA), more corporations are buying up competition across all spectrums, Vodacom was purchased by Vodafone, ABSA by Barclays and so the list goes on.
Just look at what happened with Iraq and Libya, leadership toppled, leaving a vacuum, and violence and chaos breaks out, and the American and European elite get their oil contractors in, and bang, they now pumping Libyan and Iraqi oil and foreigners control the prized assets of the nation and the nations sovereignty in tatters.
Henceforth the drive to get into Iran via a war and all the lies and trickery to discredit Ahmadinajad as a mad man and a existential threat to Israel like what happened with Iraq.
Make no mistake, it’s about OIL and collapsing the world economy, nothing about security, the elite have been planning this war at the Bohemian Grove for decades, waiting for a time like now, where the political climate is seen more people increasing radical setting the stage for a massive war, where tens of millions will get wiped out, the Bible sees hundreds of millions killed.
That’s why we are seen increasing number of billionaires and increasing unemployment and poverty at the same time, pyramid schemes create greater and greater inequalities of wealth and allows the top leadership to dictate their policies across the spectrum of industry and government and across the globe.
This will eventually lead to a centralised pinnacle of control, creating a massive world wide pyramid, ruling the world, setting the stage for a One World Government.
Pray against the merger mania and against there been a war with Iran, see through the lies. These guys tell the truth then twist it for wickedagenda’s, e.g. “we need to protect Libyan people from Gadafi, so we must declare a no fly zone, bombs away,” the elite wanted to get rid of Gadafi because he opposed them taking over Libyan oil and one of the big banks owed in lots of money, they are very manipulative, we need to discern how they twist things for selfish gain, Libya has spirralled out of control and many civilians were killed from Nato military intervention from targeting Gadafi and stopping aerial bombing was nothing more than an excuse to kill Gadafi.
Now it’s the same story for Syria, the resistance in Syria has become mixed with non violence and armed resistance, wich makes a mess and opens the door for elite to get their military interevention to kill Assad, the Srian people must end the resistance, it must either be non violent, or none at all.
Here are some extra points:
The gap between the top one percent and the remaining 99% of the US population has grown to a record high. The economic top one percent of the population now owns over 70% of all financial assets, an all time record.
As mentioned before, just look at the first full year of the crisis when workers lost an average of 25 percent off their 401k. During the same time period, the wealth of the 400 richest Americans increased by $30 billion, bringing their total combined wealth to $1.57 trillion, which is more than the combined net worth of 50% of the US population. Just to make this point clear, 400 people have more wealth than 155 million people combined.
Meanwhile, 2009 was a record-breaking year for Wall Street bonuses, as firms issued $150 billion to their executives. 100% of these bonuses are a direct result of our tax dollars, so if we used this money to create jobs, instead of giving them to a handful of top executives, we could have paid an annual salary of $30,000 to 5 million people.
So while US workers are now working more hours and have become dramatically more productive and profitable, our pay is actually declining and all the dramatic increases in wealth are going straight into the pockets of the Economic Elite.
The backbone of America, a hard working middle class that has made our country a world leader, has been devastated.
Now that we have a better understanding of how our income has been suppressed over the past forty years, let’s take a look at how the economy has been designed to take the limited money we receive and put it into the hands of the Economic Elite as well.
i/e the merger mania creating a giant world wide pyramid http://www.alternet.org/economy/145705/the_richest_1%25_have_captured_america’s_wealth_–_what’s_it_going_to_take_to_get_it_back
The share of households with zero or negative net worth increased by 60 percent between 1983 and 2009; we now have about a quarter of all households in this wealth-less state.
In 2010, the share of the top 5 percent was greater than that of the bottom 50 percent of households
The greater the inequality, the closer is the Gini to one; the more equal, the closer it is to zero. The Gini Coefficient in the United States has been rising for nearly four decades. http://monthlyreview.org/2012/03/01/the-great-inequality
As shown in Figure G, in 1979 the top 1 percent of households on the income scale already claimed 38 percent of all capital income generated in the economy.
By 2007 this share had ballooned to 57 percent. The next richest 9 percent saw their share of capital incomes shrink from 29 percent in 1979 to 23 percent in 2007.
And the bottom 90 percent, which collected 33 percent of capital incomes in 1979, claimed only 20 percent by 2007. This startling concentration of already unequally distributed capital incomes defies the logic of claims that there is a natural limit to how much of the fruits of economic growth can go to any one group. http://www.epi.org/publication/bp331-occupy-wall-street/
Congressmen’s incomes triple while America gets poorer http://rt.com/usa/news/wealth-congress-lawmakers-poor-759/
More extra points besides the pyramid:
Afganistan is going to get worse and worse, a 2014 pull out is too far in the future, America must pull out and pull ou now, it’s getting out of control and turning into a bloodpath, America must recognise that their so called war on terror is a joke, ten years down the line, the Taliban are ten times stronger and far more radical.
This so called war on terror is nothing more than a smoke screen the elite are using to strip away our freedoms to make the One world goverment in the pipeline successful, so One man can rule the the world and we don’t have legal rights to blow the whistle or protest or resist the devil and his elite trying to micro chip us for full control over each and everyone of us.
Adrian de Villiers, www.lionofjuda.com