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Showing posts with the label cabal

Debt is money; Money is debt!

The Web of Debt (The Shocking Truth About Our Money System And We Can Break Free) Ellen Hodgson Brown, JD. I grew up confused. On one hand, I was told to live within my means, to balance my income to my expenditure and to ensure that there is always something for savings. Being in debt was frowned upon. On the other hand, on the other side of my family, living on credit was a way of life. Nothing wrong to borrow, they would say. Even nations take huge loans. In the modern world, it seems that one is deemed to be rich by his assets but the properties are leveraged by debts. In other words, he is only as rich as much as he can pay the interest on his debt. Money begets money and the poor get poorer. The divide between the haves and the have nots becomes more apparent as the days go by. One small hiccup in this set-up and the house of cards comes down crumbling.  Nations that have secured high amounts of loans apparently have a higher credit rating on their credib...

Bleak future ahead?

Bleak Future Ahead? The Financial Curse (2018, Nicholas Shaxson) How and Why Global Finance Makes Us All Poorer Being rich is a curse. When an impoverished third world nation gets a potential windfall, its leaders will become greedy and would want to usurp all the richness fo themselves, their family members and cronies. When a prosperous nation (read former Imperial power) has access to wealth, nothing is ever enough. After living in comfort with a particular lifestyle for all these while, the national coffers are forever in the want. In both cases, the average citizen is at the receiving end. He is the one who has to tighten his belt to meet the demands of the rich and those in power. The world is ruled by bankers. Ever since banks started functioning and people developed the insatiable appetite for money and megalomaniac industries, these cherubs with horns have been in action. Through slews of business manoeuvres, the creation of shell companies, accounts in tax ha...