Global Financial Conspiracy


Conspirators have indoctrinated people in the USA to believe that those who believe in conspiracies are insane. That was the most basic insanity to blow people’s minds with. In the present plutocratic global socioeconomy banks lend… to the wealthiest, making the wealthiest, wealthier.

Some decry this as the “capitalism” system, but that terminology is stupid: civilization depends upon capital, and capital enables civilization. Stalinism was extremely capitalistic, and that capital enabled the USSR to make 35,000 tanks, when the “capitalist” German economy could build only a couple of thousands (Hitler himself was stunned by this, adding nobody could have predicted this…).

In 2021 Jane Fraser will become the first woman to run a major Wall Street bank, Citigroup. 

In Race for the World, published in 1999, a book Jane Fraser co-authored, consultants with McKinsey & Co. look at the vast changes in the world’s economy that are altering the way almost everyone does business. The overlords conspire across borders, the rest go bankrupt. The authors believe that geographic barriers to business will virtually disappear over the next 30 years and that the implications for companies could be devastating–or incredibly rewarding. “Over time, the only class that matters will be world class,” write Lowell Bryan, Jane Fraser, Jeremy Oppenheim, and Wilhelm Rall. “All others will be forced to restructure or go out of business.” How do you “restructure” individuals?

Such graphs are legions. Another one, which baffles understanding is the share of financial derivatives (it’s roughly a thousand times that of the US GDP…

Such people, and such beliefs rule the world. Then came, seventeen years later, the fly in the ointment, Donald Trump and his “populist”, not to say popular, national creed.  

The authors of “Race For the World”see world economic integration spurred on by new capital markets, advances in computing and communication technologies, and a rapid decline in government influence. In other words, the plebeians will lose influence. The financial rewards of building a great global firm in the late 1990s are extraordinary. The book provides many strategies for success in the next millennium and includes chapters on the importance of market capitalizations and building “superior intangibles–intellectual property, talent, brands and networks.” Read: conspiracies, graft and corruption. 

Helped by the steady hands of good ghost writers, “Race for the World” was cobbled together from disparate articles from the McKinsey Quarterly. 

Authors start by claiming they were inspired by Jared Diamond’s Guns Germs and Steel. I have long suspected Diamond, in spite of what he may think, to be an accomplice of the established world order [1]. In the ascent at the helm of world finance of someone guided by Diamond’s ideology, we have an interesting hint of that. Tellingly, Diamond, like an academic Don Quixote, keen to make his millions by ingratiating himself to the financial powers that be, focused on a windmill, a form of racism nobody believes in anymore, namely that the brown skins are dumb, and forgot the essence of humanity: culture…

Of this, more later.  

Meanwhile meanie Fraser will enjoy her millions. Citigroup Inc. paid Chief Executive Officer Michael Corbat $24 million for 2019, unchanged from the previous year… Henchmen, and, no doubt, henchwomen, are very well rewarded. After all, their condition has got to be painful, they have to live with their creepy selves, who are living insults to the human race…

Patrice Ayme

***

***

[1] Interestingly Diamond’s ideology in GGS is very different from the one he developed by 2009, with “Collapse”… Which is closer to yours truly… Of course, that all makes sense: after GGS, Diamond was wealthy and famous, and he could afford to disagree with the plutocracy (more in interviews than in his books)

https://patriceayme.wordpress.com/2009/02/15/stop-humoring-the-plutocracy/

16 Responses to “Global Financial Conspiracy”

  1. brodix Says:

    Markets and nature are cyclical and circular, while people are linear and goal oriented, so while markets need money to circulate, people see it as the signal to extract and store, meaning ever more has to be added and ever more metastatic methods of storing it have to be devised.
    While we assume money to be a commodity, it is a contract, with the asset backed by a debt. Even gold backed currencies are a receipt for the gold.
    So to store it, similar amounts of debt have to be generated.
    Either by squeezing the money flowing through the larger economy and requiring it to run on debt, drawing that saved money back into circulation, creating a centripetal effect, as positive feedback draws the asset to the center of the society, while negative feedback pushes the debt to the edges.
    Also government as debtor of last resort. The capital markets couldn’t function, without government siphoning up trillions in surplus capital. Endless wars are just a way to make it go away, so more can be borrowed. The secret sauce of capitalism is public debt backing private wealth.
    The functionality of money is its fungibility. As a medium of exchange, we own it like we own the section of road we are using, or the air and water flowing through our bodies. It is a public utility and needs to be treated a such. If the government were to tax out what it currently borrows, people would quickly start finding other ways to store wealth.
    There simply isn’t the investment potential to save the amounts we think necessary, but we do save for many of the same reasons, so the function of the commons as a store of communal wealth will have to be resurrected.
    Which isn’t socialism, but a recognition that society needs both private and public sides and figuring out what belongs where.
    The irony our individualistic ethos is the resulting atomized culture is more easily manipulated by institutional authority and mediated by a parasitic financial system. Networks, organic, social and civil, matter as much as the nodes inhabiting them.

    Liked by 2 people

    • Patrice Ayme Says:

      I agree with much of what you wrote.
      Culture is the ultimate contract.
      The economy is articulated by contracts.
      Thus the economy is about culture

      Like

      • brodix Says:

        Though we try imposing this linear, goal oriented culture in a reality that is cyclical, reciprocal and feedback generated.
        Yin and yang versus God Almighty.

        Like

        • Gmax Says:

          God is a physical problem

          Like

          • brodix Says:

            God is a philosophical problem.
            Logically a spiritual absolute would be the essence of sentience, from which we rise, not an ideal of wisdom and judgement, from which we fell. The fact we are aware, than the myriad details of which we are aware.
            Conflating the ideal, which is aspirational, with the absolute, which is elemental, creates a seriously dysfunctional view of life and society.
            Imagine if every religion, ideology, political movement, etc. were to assume its cultural ideal to be beyond question and universal, rather than a unique expression of its context and evolution.
            Oh, wait….

            Liked by 2 people

          • Patrice Ayme Says:

            You mean, what rules us, truly deep down? The happenstance of Dark Matter from SQPR? ;-)?

            Like

        • Patrice Ayme Says:

          This is actually at the core of the Foundations Of Quantum Physics, and very active research, with spectacular would-be results with interesting claims published, even a few weeks ago.

          The bottom line is what is really fundamental… Are all the Hilbert Spaces used to describe a Quantum Situation (“experiment”, “measurement”) all equivalent. Standard CIQ theory says they are… It’s not too difficult to find situation in which they are not (generalizations of Schrodinger Cat, Wigner friends)

          It’ true it’s all about nonlinearity, that is, feedbacks, and entangled ones, at that… Basically reality is a Quantum Computer…

          Like

    • EugenR Says:

      You wrote: ….public debt backing private wealth. This is exactly said. In today’s world there are two kinds of entities, credible and non-credible, while the first are becoming super rich, the others impoverished.
      For some psychological reasons, people blindly trust money in a way, that the demand for money is infinit while its price, (the interest rate) is with very low elasticity, and since 2008 it is also regulated by central banks of US and EU.
      Other problem is, most of the public money is channelled to the economy through the banks, naturally prioritising the wealthy. The result is wealth concentration in hands of few.

      Like

      • brodix Says:

        It is the worm on the hook. As a voucher system, it is a promise from the larger community, when we don’t know and necessarily trust the individual members. So we tend to see it as quantified hope and security. We’ve become these little cocoons, with our bank account as our economic umbilical cord.
        The reasons for our predicament run pretty deep. We are linear, goal oriented organisms in a cyclical, reciprocal, feedback generated reality. We think it’s about some pot of gold at the end of the narrative arc, losing sight of all the reactions our actions generate.
        An essay I put up on medium, about a year ago;
        View at Medium.com

        Like

        • kathw Says:

          Well said: “We’ve become these little cocoons, with our bank account as our economic umbilical cord.” The trust/distrust of the collective vs. individual is the open wound of alienation.

          Like

      • Patrice Ayme Says:

        Dear Eugen. Agreed. Now why is it that people trust money? Because the power is increasingly in oligarchic hands… I have lived in Silicon Valley since before it got called that way… I saw power concentrate, I saw Obama become a pigeon eating in the hands of plutocrats… I got physically inside famed places, like the headquarters of the top venture capital firms, some of my friends were principals there, and I saw what happened next… P O W E R

        Liked by 1 person

  2. Gmax Says:

    Yes the octopus of world finance is growing. Biden brought in 365 millions from wealthy folks in the last a month, twice what Trump made

    Like

  3. kathw Says:

    P O W E R. Traditionally was tied to wealth which was tied to time, keeping all mortals skeptical, but invested in their economy and culture. But non-locality/entanglement (plutocracy) has upended that wealth/time linearity, so even the most willing denizens recognize the preposterous nature of wealth and power that does not accrue to hard work/cooperation. It’s basically another chapter in the Casino interludes that threaten civilization.

    Like

    • Patrice Ayme Says:

      I wrote a long answer, but then, unbelievably, lost it…. Anyway we agree…

      Like

    • Patrice Ayme Says:

      Plutocracy is a by-product of civilization, and its poison. Civilization amplifies the Dark Side of humanity… But also leverages it, that’s what makes it effective, because a city can rise a bigger and better army than a smaller tribe, thus control a larger territory, hence more resources.

      Like

What do you think? Please join the debate! The simplest questions are often the deepest!

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s


%d bloggers like this: