Surviving Capitalism (Not) : How Central Banks Are LBOing The World In One Stunning Chart

We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Tuesday, September 6, 2016

How Central Banks Are LBOing The World In One Stunning Chart

Click here to access article by Tyler Durden from Zero Hedge.

Durden reveals how privately owned central banks are attempting to keep economies going by issuing money to major economic enterprises. Such banks create money on their computers and issue it at low cost to enterprises that appear to be profitable regardless of what effects they might have on the world's ecosystem. The motto that capitalists live by is "profits über alles".

Yes, I know that they, in their control of the government, try to provide a cover of responsibility by setting up regulatory agencies to oversee the operations of these corporations, but the activities of such agencies are always compromised by low budgets and staffed by personnel who have ties to these very corporations.