The Beginning Of The End
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The Mystery Of The Shemitah

Who Controls The Global Economy? Do Not Underestimate The Power Of The Big Banks

Great Seal - Photo by IpankoninAre the big banks really as powerful as some people say that they are?  Do they really control the global economy?  If y0u asked most people, they would tell you that governments control the global economy.  But the campaigns of our politicians are funded by the ultra-wealthy, the big banks and the large corporations that they control.  Others would tell you that the Federal Reserve and the rest of the central banks around the world control the global economy.  But the truth is that the Federal Reserve was established by the bankers and for the benefit of the bankers.  As you will see below, at the very core of the global economy there exists a "super-entity" of financial institutions that control an almost unimaginable amount of wealth and power.  These financial institutions and the ultra-wealthy individuals behind them are really the ones that are pulling all the strings.  In this world money equals power, and the borrower is the servant of the lender.  When you follow the pyramid all the way to the top, it begins to become very clear who really is in control.

In business schools all over America today, instead of dreaming of starting new businesses and contributing something positive to society, most business students are dreaming of going to Wall Street and getting rich.  But Wall Street doesn't actually create or build anything of value for society.  Instead, the bankers make most of their profits by essentially pushing money and paper around.  In a recent article, Chris Martenson commented on this...

Today, some of the most celebrated individuals and institutions are ensconced within the financial industry; in banks, hedge funds, and private equity firms. Which is odd because none of these firms or individuals actually make anything, which society might point to as additive to our living standards. Instead, these financial magicians harvest value from the rest of society that has to work hard to produce real things of real value.

While the work they do is quite sophisticated and takes a lot of skill, very few of these firms direct capital to new efforts, new products, and new innovations. Instead they either trade in the secondary markets for equities, bonds, derivatives, and the like, which perform the 'service' of moving paper from one location to another while generating 'profits.' Or, in the case of banks, they create money out of thin air and lend it out at interest of course.

But just because they aren't adding much value to society does not mean that these big banks are not extremely powerful.  In fact, anyone that underestimates that power of these monolithic financial institutions is being quite foolish.

A team of researchers at the Swiss Federal Institute of Technology in Zurich studied the relationships between 37 million companies and investors worldwide, and what they found was absolutely stunning.

What they discovered is that there is a "super-entity" of just 147 very tightly knit companies that controls 40 percent of the entire network...

When the team further untangled the web of ownership, it found much of it tracked back to a "super-entity" of 147 even more tightly knit companies - all of their ownership was held by other members of the super-entity - that controlled 40 per cent of the total wealth in the network. "In effect, less than 1 per cent of the companies were able to control 40 per cent of the entire network," says Glattfelder. Most were financial institutions. The top 20 included Barclays Bank, JPMorgan Chase & Co, and The Goldman Sachs Group.

So exactly who are the companies that are at the core of this "super-entity"?

Well, almost all of them are banks or financial institutions.  The following is a list of the 50 "most connected" companies from the study, and the notes in parentheses are from Chris Martenson...

1. Barclays plc
2. Capital Group Companies Inc (Investment Management)
3. FMR Corporation (Financial Services)
4. AXA (Investments & Life Insurance)
5. State Street Corporation (Investment Management)
6. JP Morgan Chase & Co (Bank)
7. Legal & General Group plc (Investments & Life Insurance)
8. Vanguard Group Inc (Investment Management)
9. UBS AG (Bank)
10. Merrill Lynch & Co Inc (Bank)
11. Wellington Management Co LLP (Investment Management)
12. Deutsche Bank AG (Bank)
13. Franklin Resources Inc (Investment Management)
14. Credit Suisse Group (Bank)
15. Walton Enterprises LLC
16. Bank of New York Mellon Corp (Bank)
17. Natixis (Investment Management)
18. Goldman Sachs Group Inc (Bank)
19. T Rowe Price Group Inc (Investment Management)
20. Legg Mason Inc (Investment Management)
21. Morgan Stanley (Bank)
22. Mitsubishi UFJ Financial Group Inc (Bank)
23. Northern Trust Corporation (Investment Management)
24. Société Générale (Bank)
25. Bank of America Corporation (Bank)
26. Lloyds TSB Group plc (Bank)
27. Invesco plc (Investment mgmt) 28. Allianz SE 29. TIAA (Investments & Insurance)
30. Old Mutual Public Limited Company (Investments & Insurance)
31. Aviva plc (Insurance)
32. Schroders plc (Investment Management)
33. Dodge & Cox (Investment Management)
34. Lehman Brothers Holdings Inc* (Bank)
35. Sun Life Financial Inc (Investments & Insurance)
36. Standard Life plc (Investments & Insurance)
37. CNCE
38. Nomura Holdings Inc (Investments and Financial Services)
39. The Depository Trust Company (Securities Depository)
40. Massachusetts Mutual Life Insurance
41. ING Groep NV (Bank, Investments & Insurance)
42. Brandes Investment Partners LP (Financial Services)
43. Unicredito Italiano SPA (Bank)
44. Deposit Insurance Corporation of Japan (Owns a lot of banks' shares in Japan)
45. Vereniging Aegon (Investments & Insurance)
46. BNP Paribas (Bank)
47. Affiliated Managers Group Inc (Owns stakes in 27 money management firms)
48. Resona Holdings Inc (Banking Group in Japan)
49. Capital Group International Inc (Investments and Financial Services)
50. China Petrochemical Group Company

Are you starting to get the idea?

The global economy truly is completely dominated by banks and other financial institutions.

In the United States, the big banks are not just content to own other companies anymore.  Now, some of our largest banks are actually starting to directly get into businesses such as "electric power production, oil refining and distribution, owning and operating of public assets such as ports and airports, and even uranium mining".  The following is an excerpt from a letter that several members of the U.S. Congress recently sent to Federal Reserve Chairman Ben Bernanke...

We write in regards to the expansion of large banks into what had traditionally been non-financial commercial spheres. Specifically, we are concerned about how large banks have recently expanded their businesses into such fields as electric power production, oil refining and distribution, owning and operating of public assets such as ports and airports, and even uranium mining.

Here are a few examples. Morgan Stanley imported 4 million barrels of oil and petroleum products into the United States in June, 2012. Goldman Sachs stores aluminum in vast warehouses in Detroit as well as serving as a commodities derivatives dealer. This “bank” is also expanding into the ownership and operation of airports, toll roads, and ports. JP Morgan markets electricity in California.

In other words, Goldman Sachs, JP Morgan, and Morgan Stanley are no longer just banks – they have effectively become oil companies, port and airport operators, commodities dealers, and electric utilities as well. This is causing unforeseen problems for the industrial sector of the economy. For example, Coca Cola has filed a complaint with the London Metal Exchange that Goldman Sachs was hoarding aluminum. JP Morgan is currently being probed by regulators for manipulating power prices in California, where the “bank” was marketing electricity from power plants it controlled. We don’t know what other price manipulation could be occurring due to potential informational advantages accruing to derivatives dealers who also market and sell commodities. The long shadow of Enron could loom in these activities.

You can read the rest of their letter right here.

This week, Goldman Sachs has been facing allegations that it has cost American consumers billions of dollars by manipulating the price of aluminum.  The following is from an article that was posted on CNBC...

Hundreds of millions of times a day, thirsty Americans open a can of soda, beer or juice. And every time they do it, they pay a fraction of a penny more because of a shrewd maneuver by Goldman Sachs and other financial players that ultimately costs consumers billions of dollars.

The story of how this works begins in 27 industrial warehouses in the Detroit area where Goldman stores customers' aluminum. Each day, a fleet of trucks shuffles 1,500-pound bars of the metal among the warehouses. Two or three times a day, sometimes more, the drivers make the same circuits. They load in one warehouse. They unload in another. And then they do it again.

This industrial dance has been choreographed by Goldman to exploit pricing regulations set up by an overseas commodities exchange, an investigation by The New York Times has found. The back–and-forth lengthens the storage time. And that adds many millions a year to the coffers of Goldman, which owns the warehouses and charges rent to store the metal. It also increases prices paid by manufacturers and consumers across the country.

If that sounds shady to you, that is because it is shady.

But as the big banks continue to gain even more power in our society, this kind of thing will become even more common.

So what can we do about it?

Not much.

Do you think that the media will tell us the truth about all of this?  I wouldn't count on it.  At this point, there are just six giant media corporations that control more than 90 percent of the news and entertainment that you see on your television.  And those six giant media corporations are very hesitant to do anything that will damage their corporate owners or their corporate advertisers.

Do you think that our politicians will do anything about all of this?  I wouldn't count on it.  In national elections, the candidate that raises more money wins more than 80 percent of the time.  Our politicians know where their bread is buttered, and as history has shown most of them are very good to the guys with the big checkbooks.

As I said at the top of this article, money is power, and according to a report that was released last summer, the global elite have up to 32 TRILLION dollars stashed in offshore banks around the globe.

The global economy belongs to them.  We are just living in it.

But hopefully if enough people start waking up, someday we will see some significant changes.

One of my favorite musical artists of all-time, Michael W. Smith, once wrote a song that contained the following lyrics...

Tell me, how long will we grovel at the feet of wealth and power?

Tell me, how long will we bow down to that golden calf, now?

(How long will be too long)

Will the people of the world ever get sick and tired of the overwhelming power of the big banks and start demanding changes?

That is a very good question.  Please feel free to share what you think by posting a comment below...

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  • Makati1

    No changes coming from public pressure. The banksters goal is to destroy the middle class. They are doing very well at this. Nothing like success to press on …

    • Colin

      I think the program to destroy the middle class is based on the belief that it is this class that has been responsible for some of the revolutions that have overthrown past regimes, and the destruction of this class will shift power ever more in the direction of the wealthy.

      • Ralfine

        the middle class isn’t needed by the elite anymore, so the income better goes to the elite.

    • foxnewslieseveryday

      I am told every day that it is Obamas goal to destroy the middle class.
      I’m confused now.

  • markthetruth

    Top Level Mafia !!!

    the end…

  • K

    The Government is bought and paid for, both parties. The general public worships wealth at about a 90% level. Where else but the U.S. would a millionaire with bad hair, have a T.V. show? No the sickness of greed is almost everywhere. Look how many places have casinos, that did not used to. Is there a state left without a lottery? You see there was a time when the rich bankers were pitied by many. Money was all they wanted, and money was all they would have. Now the grand majority want to be just like them. Change is not possible under those circumstances.

  • skywatcher

    No mention of the Rothschilds owned Bank for International Settelments (BIS) the Central bank of Central banks.

    The BIS is at the top of the money pyramid.

    • JailBanksters

      You forgot…

      The Roths created, owns and controls the
      World Bank and the International Mafia Fund.
      And Created and Controls the Banks of England, which in turn controls the Federal Reserve. Created and Owns Israel and the Kismet. Created and owns the Climate Change Committee.

      • RDH2ndsurvivor

        And created and own Obama.

      • Nygren

        The Roths created Israel? *facepalm*

        • Bastogne

          Yes. Israel is pretty much a Rothschild creation. The Balfour Declaration is addressed to “Lord Rothschild”.

        • JailBanksters

          Not only Created it but paid for all the Construction as a Gift, so they basically own Israel and it’s Government.

          • Darin

            The Rothchilds did not create Israel, God did. A people without a country for almost 2000 years, then as was predicted by the prophets, the miracle of 1948. A nation is born in a day.

          • Sam

            Please can we leave religion out of this discussion? Especially something as ludicrous as this statement.

          • Darin

            To say that the Rothcbilds created Israel is ludicrous! People’s ignorance of history is scary. How about instead of religion lets leave antisemitism out of the discussion. Quit using Israel as a scapegoat.

          • Mac

            Lol if it’s not Financial institutions getting hold of people, its religious ones!

            Proof right here of the nonsense pedalled but so easyily believed!

    • Bastogne

      The Rothschilds are Barclays.

  • jsmith

    Michael, I read Chris’s article and shared it online, and so far have not had any responses. It’s almost as if people are frozen in time. People don’t care or just want to remain ignorant. With your articles at least I’m preparing and I thank you so much for that!

    • T

      My family is the same way. Point out very obvious connections in conspiracies and I am called a conspiracy theorist. Even when shown facts from the government themselves they deny any ill intention.
      I think they do this because they only have two choices; deny it exists or do something about it. Guess which one maintains the status quo

  • Gregge K Johnson

    Jesus hated the Banksters ,they may have their days;,but HE holds eternal life. Justice may seem slow to us , but it is sure with God. I’ll bet every dollar on it !

    • Ralfine

      The universe is eternal. That’s really nice.

      Not sure how it will help those kids who live now.

  • tob

    The Vatican Bank rules all others.

  • Syrin

    Bank of International Standards

  • MeMadMax

    They may have “the power”, but it seems like they are losing control. Banks actually need a “healthy economy” to keep the ball rolling. But the central bank system and government spending/socialism are both getting so big they are unilaterally destroying themselves… I’ll bring the popcorn…

    • Robert (qslv)

      The next step is a world ruled using North Korea as a model that will work fine for them. The middle class will be broken, beaten and starved into submission. There will only be Rulers and slaves.

    • Gay Veteran

      the bankster parasites need a healthy host

  • chilller

    So many camels and so few needles….

    • Mondobeyondo

      Teach your camel to sew….

      • chilller

        ur beyondo comprehendo….

  • Marvin Jacob

    Anti-semitic hate speech.

  • Cincinnati Dave

    Thomas Jefferson broke the bank on his watch – JFK tried to do the same thing and we all know how that ended. The truth is, as Christians, our kingdom is not of this world. I am looking for Jesus to gather us home any day now. Keep looking UP! It won’t be long – keep writing the articles Michael – I log in every day – you’re doing a great job!

    • RarefiedSnotress

      no, I don’t know.. what happened w/Jefferson?

    • Boo-urns

      Fool. You just keep on waiting as the world crumbles around you…

      • Guest

        Yes, the world is crumbling around us. This world is passing away, and a new world will eventually replace it. And only those ordained to eternal life before the foundation of the world will inherit that new world.

        “Blessed are the meek: for they shall inherit the earth.” (Matthew 5:5)

    • Guest

      Hi Cincinnati Dave,

      You’re right that believers are looking for a Kingdom that is not of this world. We (believers) are strangers and pilgrims here, and, like Abraham, we’re looking for that eternal city whose builder and maker is God. (Hebrews 11:10) For many years now I have been watching for that blessed hope of the Lord’s return. I have grown weary at times, but the Lord has sustained my faith. Keep looking up, friend.

  • energizedmortal

    a minority of greedy evil humans controlling and bamboozling the masses through mind games, fear, imaginary laws and numbers. What else is new. The revolution will not be televised.

  • RarefiedSnotress

    No, it’s the government that controls the banks. Once a politician is elected, they can work towards implementing their goals. The current officials have willingly catered to the banks supposedly in the name of saving the economy.

  • Dave Jones

    Ephesians 6:12 “For we are not fighting against flesh-and-blood enemies, but against
    evil rulers and authorities of the unseen world, against mighty powers
    in this dark world, and against evil spirits in the heavenly places.”

    Don’t think for a second that this is not true in this arena as well. And don’t think for a second that there isn’t a diabolical plan for when things begin to collapse. These powers and their flesh and blood collaborators certainly are 2 or 3 moves ahead of the general population.

    • timo46

      So so true

  • cracker

    Don’t bet on it Michael these POS will do whatever it takes to hold on to the power they have garnered. And if you expect the worthless politicos to get off their backsides and do something don’t hold your breath you may lose consciousness. The masses must stand up and revolt against the oppressors.

    Good Luck and Good Night.

  • Joseph

    From the new ” Christopoulos Brothers ” CD album
    The song ” Just Another Empire ” says it perfect
    ” Mighty Banker with all your gold,
    Let me once just look at your face,
    How many lives have you bought and sold,
    To keep the middle class and poor in place ”
    ” Yes I know that you’re now our King,
    A paper King with a broken crown,
    Look around tell me what you see.
    It’s just another Empire coming down. “

  • seth datta

    The banking dynasties are in charge.

  • Joe Kleinkamp

    If anyone doubts what’s written here take a look at the resumes of present and past cabinet members.

    Jack Lew – Current Treasury secretary and former chief operating officer of Citigroup’s Alternative Investments unit

    Timothy Geithner – former Treasury secretary and former president of The Federal Reserve Bank of New York.

    Henry Paulson – former Treasury secretary and Goldman Sachs CEO

    Robert Rubin – former Treasury secretary spent 26 years at Goldman Sachs and was for a short time CEO of Citigroup

    If you’d like a more detailed explanation of how former executives of the list Michael has provided and the lobbyists who influence them decide what direction the country will take read: Becoming China’s Bitch by Peter D. Kiernan

  • Rufus T Firefly

    I believe in the Golden Rule. Whoever has the gold, makes the rules. So I live a happy life in my little rabbit hatch and worship our great bankers.

  • James

    Thomas Jefferson was not a fan of paper money or of letting PRIVATE banks have control over the the money and fought Alexander Hamilton’s efforts to the contrary on both counts! BTW: He lost! However, I suspect that Cinncinatti Dave was referring to Andrew Jackson’s actions rather than Thomas Jefferson’s. Jackson had “I killed the Bank” enscribed on his tombstone.

  • Patriot Alice

    The super rich just harvested their crop in 2008, thru today…The people work and save for generations thinking about a better future, and then harvest time arrives and it all goes back to them…It’s just a different version of slavery….

  • Mondobeyondo

    To qparaphrase a popular Beyonce Knowles song:

    “Who runs the world? BANKS!
    Who runs the world? BANKS!
    Who runs the world? BANKS!”

    Not girls. Banks run the world.

  • Dave Webb

    The problem about all of this is that you are right.

    The Rockefeller family started most of the fantastically big wealthy families in this country.

    People that rivaled them were equally rich.

    They had a biography of the founder of the Rockefellers and he was a very astute business man and very religious in his beliefs concerning how money should be managed. A lot of it was based on old testament law.

    His son, lost a million on bad deals in the stock market. With trembling hands he broke the news to his Father.

    His Father calmly replied “What did you learn for our million dollars.” Now that money is worth almost a billion in today’s currency.

    The father taught the son.

    The government split Standard Oil into at least 10 different companies to break it up. It didn’t work. The Rockefellers made a lot of money on Anti-trust laws. It didn’t hurt them at all.

    I suggest what we need to do is make it convenient for these wealthy people to be here and live here. Instead of a bunch of social programs that bleed them dry we need to make it beneficial for them to align themselves with our country in such a way that it benefits everyone.

    You want the jobs here. We want the rich here to spend their money here. We want the rich to hire the rest of the people and that is what will make us back into the wealthiest country on the planet.

    Think about it. IF our currency goes down the tubes, who really loses? Those that are poor of course lose everything. But the rich lose too! Probably to the tune of about 90% of their wealth.

    For that reason, a lot of people have exchanged their currency for things more stable. I suggest we have to redesign the entire government structure of taxation. I suggest we have to start over.

    To make it work, we need people in business that know how to put it back together. Often those same people are our multimillionaires and nothing qualifies them more than being rich and getting there by their own efforts rather than inheriting the money.

    I would take people like Bill Gates and put them in charge of figuring out how to turn the entire financial situation around so no one loses.

    I have a lot of confidence in really sharp business people. I think they are the ones that are going to have to straighten this country’s finances out.

    • Gay Veteran

      “…You want the jobs here….”

      GET A CLUE! they have shipped millions of American jobs to China, India, Vietnam, etc.

      • Mondobeyondo

        There are no jobs here. Move along now.
        And that’s what millions of Americans are doing. Moving along. But first they have to get out of the country.
        Is it that bad? Is it that desperate? Uh huh. Yes, it is.

        “But America is the best place on earth”, blah blah ad nauseum. Save the Mylanta, I’m about to vomit right now.

        It depends. If you’re a resident of downtown Detroit, living in the ‘hood, struggling to survive in between a couple of burned out homes – you may think Gutatemala is heaven. Pehaps so. Guatemala has a beach (I think).. Detroit doesn’t. Sorry. Oh well.

        But if you’re in your cubicle on the 88th floor of the GM Renaisssance center in Detroit, you may well think Detroit is paradise on earth

        Are either of these examples right?

        Well, they may be accurate but that doesn’t make them right!
        For the record – they’re both wrong.

    • peace angel

      Bill Gates is a HUGE part of the creation of the NWO and the collapse of the world’s economy. This is why people need to do far more research into this plan before making recommendations about who to go to for a bail out. HE owns a pharmaceutical company that sends poisonous drugs to third world companies to depopulate the planet and you can find him being confronted with those facts on you tube. You can find his family contact to the Bilderberg group through his mom and planned parenthood. He attends all the annual meetings and he denied to my face back in the 90′s when the meeting was held in Seattle that he has ever attended a meeting and then I got pictures of him at the meeting and went back to show them to him. He is deep into Agenda 21 and the NWO as is his best financial friend, Warren Buffet. You can see the Bilderberg families and connections on WIKI and in lots of other places on the internet.

  • SMASH THE CONTROL MACHINE

    IF I LEAVE A COMMENT WITH A VIDEO POSTED. IT GETS MODERATED AND NEVER GETS POSTED!!MY DISQUS!!

  • NoFNway

    What they describe in the article is a monopoly, financial institutions gaining more and more control of the marketing of goods, the movement of goods, and the monetary market for loans and the purchase of goods. When a company wholly controls all of these avenues it has the ultimate power to control the financial outcome of the economy for the pricing of the goods and services. That is a monopoly. The laws are most likely being overlooked by politicians who are a big part of this process. Look at how many politicians who have left public office move on into high-ranking jobs or sit on boards of these large banks and corporations. It seems all to convenient that those who were in public office and make decisions regarding the laws that govern these large banks and corporations, later become part of their company. If there was a moratorium on how much any candidate could spend in advertising, and more importance placed on actual debate and meeting with constituents, the ability for these large corporations to have power in our political process would be diminished. Would we see more governing by the people, for the people? Is a two party process enough? Should there be multiple parties vying for our vote? Would any of this prevail? Probably not, with lobbyist after lobbyist running the house and no term limits in the Senate the status quo will remain. An overhaul of our political process, with these three things as a priority, is needed. Until then our political process is for sale by the highest bidder. Buy the ticket, take the ride.

  • Darin

    You can add conservative talk radio to the list who wont talk about these things nor all the jobs leaving the country do to free trade. The average, hard working, middle-class person has nowhere to turn. Both parties have sold us out. The very wealthy and the food stamp crowd has the representation.

  • Ben

    Gary,

    I enjoyed some of your pie-in-the-sky analysis and I may even agree with some of it. But how exactly are you going to “get” this system to work? How do you expect to “change the system”. Do you think TPTB will just hand over the reigns of power? I am afraid it is too late for diplomatic change. I admire your efforts and agree with a lot of what you say but it just is not going to happen. I don’t care how many people are behind it. I have heard all of the platitudes about “change” and “movements” ad nauseum. It’s too late for that notion. You can’t vote these people out. You can’t change them. We are in the grips of such tyrannical power right now that I see no way out of it except for total and utter collapse. And it is only going to get worse. Not until the whole thing is torn down or implodes will we see change. And how will that go for people? When your neighbor can’t heat his home or feed his family any longer and everyone on the block is in the same boat, that is when change will come. But then what? Alas, it will be too late and the MIC will come down upon this nation hard. So while I admire your enthusiasm and foresight, I fear it is too late. One last question. What exactly would you replace it with? I checked out the “Nation of Change” site and looked at the author list. Names like Noam Chomsky, Melissa Harris Perry and Robert Reich jumped out at me. These people are some of the biggest “statists” in the country. Big government progressives. Are these the kind of people you want to hitch your cart to and follow? I don’t think so. I am pretty sure they would lead you down the road to some tyrannical form of socialism or fascism. The other sites I looked at used a picture of Lincoln. That was all I had to see. I didn’t even bother checking them out. Lincoln was one of the biggest statists this country has ever seen. He grew government immensely and set the stage for big government progressivism. I won’t even go into what he did for foreign policy.

    Anyhow, I liked what you wrote but I think it is too little too late.

    Best of luck and prepare yourself. Mind, body and spirit.

    • GaryReber

      The political system is stacked against what I and others are advocating regardless of the political party in power. This is true even though this is a win-win for the present wealthy ownership class and for the propertyless, as it creates economic growth and “customers with money” to purchase the products and services needed and wanted by society, without taking anything away from those who already own. As I see it all of the presidents get their economic and financial advisors from the same small pool of universities and firms. A president may rail against the 1 percent (as Obama presently is doing), but their advisors come from the 1 precent or at least they are dependent on them for their livelihood. Thus, I do not see much hope for change coming from the top, unless they are enlightened.

      I think that economic justice is going to have to be a grass roots movement led by people of high moral character. As a partner of the father of binary economics and the Employee Stock Ownership Plan (ESOP), Louis Kelso, I have studied some small ESOPs and all of them that I have studied are led by people of high moral character. They are interested in people and building something other than their fortunes and resumes. They have vision and are willing to spend decades building that vision.

      I know that there are ESOPs that are nothing but financial contrivances for the founder/owner to cash out and/or to take advantage of tax breaks. Such firms are not likely to do any better than other firms.

      Those firms that combine economic engagement, shared leadership and intellectual engagement will outperform other firms. Approximately, 12 percent of the GDP is now produced by companies that have some form of broad-based employee ownership, and it is expected to grow.

      What my colleagues and I are working on is educating the future leaders of tomorrow of the possibility. Basically, it is not in the textbooks. I think that the grass roots approach will be the only approach that will work. Trying to get the political system to change is unlikely but worth the effort. And we can certainly hope that the political powers do not erect barriers to employee ownership and governance based on advice they received from their advisors. Education is our challenge!

  • tomswift

    Although I agree with most of the article, the part about hoarding aluminum struck me as odd. It might work in the short term but aluminum is the 2nd most used metal in the world: a few 1500 pound bars isn’t much.

    • chilller

      Try many huge warehouses packed full of them..

  • peace angel

    If you saw “Too Big to Fail” the connections between these companies and financial institutions was made clear. The dinosaurs on Both sides of the aisle are ALL players in these companies for decades with the Rockefellers at the top of that food chain and they have no intention of stopping until they collapse the world economy and create ONE world bank.

  • peace angel

    OUR leaders and bankers for 130 years have met annually in Bohemian Grove,Ca. to plot against the world and plan the NWO and kill “CARE.”

    They have a huge sacrificial Babylon celebrating cremation of care ceremony and Alex Jones infiltrated and filmed the hysteria a few years ago. They all stay drunk for the time they are there and they have many ceremonies but Alex gets the cremation and chanting and the ten story OWL they worship and the human sacrifices and more.

    I actually hiked into the place in the 70′s. My best friend in Tahoe at the time was gay and he and his friends had told me that for more than a hundred years our leaders had been importing hundreds of gay men from San Francisco to come for the two week party and “service” our leaders and I DON’T just mean serve because they did that too, but “service” these men. No women go there.

    Alex learns that today they bring in boys and girls to play with.

    When I went there the place was crawling with LEO mostly FBI and today there are plenty of those also, BUT not as many as one might imagine. THEY don’t care anymore if we know what they plan to do to destroy the world and anyone on their agenda would have to have been “brainwashed” not to care about anyone EVEN their own families.

    This is totally a surreal episode on INFOWARS that patterns the movie “Eyes Wide Shut.” IT is horrifying BUT really explains a lot about just how nuts and truly evil the people who are running the world really are.

    Many families associated with the Bilderbergers have their own underground quarters at Bohemian Grove and Alex had learned the Bush family password which he has to repeat many times to get his film or he likely would have been caught and killed there. The film is really worth the hour it took to film. it.

  • 693CAM

    The banks power has come from the politicians pen. Stop paying tax and start economically supporting decentralized money and social systems. It is the only way. Money = Action.

  • AMuslim

    thanks, i have been looking to find out who runs the world, i always thought it was a top layer, a shadow government if you like that influences and manipulates through money control. I believe we have finally got the answers. Did you know that in the true Islamic system, such exploitation is prohibited, and that interest is not allowed, neither is trading in non tangible goods. In short rigged trading by the rich elite is outlawed. If we were to implement such a gold backed economic system, these dishonest rich elites could not function as greedily as they do. The Muslims globally are also waking up to the scam, and that is one reason they are calling for Islamic system to replace the neo-colonialist capitalists.
    Quran: 2.275
    !Those who consume interest
    cannot stand [on the Day of Resurrection] except as one stands who is
    being beaten by Satan into insanity. That is because they say, “Trade is
    [just] like interest.” But Allah has permitted trade and has forbidden
    interest. So whoever has received an admonition from his Lord and
    desists may have what is past, and his affair rests with Allah . But
    whoever returns to [dealing in interest or usury] – those are the
    companions of the Fire; they will abide eternally therein.”

  • AMuslim

    Rather than equity/partnership based investment the interest/debt
    model popular in western economies has meant that banks and finance
    providers can not only create money from nothing (fractional reserve
    banking) but can charge unlimited levels of interest (expense).
    Furthermore via collateral lending, lenders can guarantee virtually risk
    free returns, with the final insult being “too big to fail” gambling
    backed by government protection (at the publics expense).

    As most fiat money exists as debt, then the need for interest
    payments on debt necessitates an ever increasing expansion of the money
    supply to keep the system afloat. This drives a corresponding increase
    in the growth in the production of goods to avoid hyperinflation
    resulting from too much money in relation to goods. In the ten years
    prior to the financial crisis of 2008 over 100 Trillion dollars of money
    (debt) was created (3), the deleveraging of this debt is continuing to this day and acts as an anchor against economic recovery and growth.

    Despite steadily decreasing interest rates in the Japanese economy –
    an indication that policy makers recognise that interest is injurious to
    growth – growth has been been elusive over the past 20 years. Current
    attempts by the US and other central banks (for example the UK) to
    steadily reduce interest rates to generate growth through lowering the
    costs of borrowing clearly show that interest is costly to the economy.
    It is strange that governments now are close to a zero interest rate
    policy – given to some banks – whereas a zero interest rate policy for
    all borrowers is not adopted.

    Having brought significant numbers of investors into government bond
    markets who depend upon interest to provide investment returns including
    significant pension assets, those investors are now suffering with tiny
    returns as interest rates have been reduced to close to zero for
    government bonds (and are less than inflation – negative real rates). If
    the whole system was based upon equity/partnership returns rather than
    interest as advocated by Islam, then the consistency of investment
    approach would provide greater certainty and stability based on business
    profitability rather than variable interest rate returns including
    Central bank manipulation of the market.

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