Monday, March 24, 2014

The Financial Elite and the Global Land Grab

Click here to access article by Eric Draitser from New Eastern Outlook. 

It appears from this and other reports that the "next big thing" for capitalist gamblers is placing bets on land. The One Percent are now intent upon literally buying all the surface of the Earth that is worth anything. Welcome, peasants, to the new feudal lord of the global manor.
The global financial crisis, which began in 2008, has significantly altered the way many speculators and financial institutions invest. Rather than taking huge risks with dodgy derivatives like credit default swaps and mortgage-backed securities, both of which have proven to be particularly volatile, many speculators have instead begun to invest in the most tangible asset of all: land.