In our ongoing efforts to help wake ourselves up, it is important to understand that failure to awaken is tantamount to dying, in every sense of that word. Part of this understanding is we have to understand that we, the majority of the world, are victims of own lack of uniting together to change our reality.
Did you know that the 85 richest people in the world have about as much wealth as the poorest 50% of the entire global population does? In other words, 85 extremely wealthy individuals have about as much wealth as the poorest 3,500,000,000 have. This shocking statistic comes from a new report on global poverty by Oxfam. And actually Oxfam’s report probably significantly underestimates the true scope of the problem, because Oxfam relies on publicly reported numbers. At the very top of the food chain, the global elite are masters at hiding their wealth. The global elite have approximately 32 trillion dollars (that we know about) stashed in offshore banks around the world. That would be about enough to pay off the entire U.S. national debt and still buy every good and service produced in the United States for an entire year.
There is certainly nothing wrong with making money. However, when the scales become this unbalanced it is time to correct this injustice. 4 billion people on this planet live on less than $2 per day. Now the reality is that there isn’t a snow ball’s chance of “making it”. Today, we have a debt-based global financial system which is dominated by gigantic predator corporations and big banks. Working together with national governments, these corporations and banks have constructed a system called “Corporatism” in which the percentage of all global wealth that is being funneled to the very top of the pyramid steadily grows over time. That wealth has expanded by 42% just in the last five years.
This isn’t just a phenomena in the US, or the developed nations, this is also happening in virtually every other nation on the face of the planet. The global elite have rigged the game to send just about all of the rewards their way, and it is working. The following are facts taken directly from Oxfam’s latest report…
•Almost half of the world’s wealth is now owned by just one percent of the population.
•The wealth of the one percent richest people in the world amounts to $110 trillion. That’s 65 times the total wealth of the bottom half of the world’s population.
•The bottom half of the world’s population owns the same as the richest 85 people in the world.
•Seven out of ten people live in countries where economic inequality has increased in the last 30 years.
•The richest one percent increased their share of income in 24 out of 26 countries for which we have data between 1980 and 2012.
•In the US, the wealthiest one percent captured 95 percent of post-financial crisis growth since 2009, while the bottom 90 percent became poorer.
Here are the factual impacts from this reality? In a memo to clients provided to Secrets, David John Marotta calculates, that in the US, the actual unemployment rate of those not working at a sky-high 37.2 percent, not the 6.7 percent advertised by the Fed, and the Misery Index at over 14, not the 8 claimed by the government. In The rest of the world it is equivalent to that or higher.
In fact, as the elites meet in Davos next week, we are facing conditions never experienced in modern times on a global basis. The elite will give lip service to income inequality, but they honestly have no basis to understand the misery their greed has inflicted. However, they do have a sense of impending danger to their safety. They do worry that revolt is rising globally and that their personal safety may be in jeopardy, but it is unlikely that anything effective, like a redistribution of wealth, will come from Davos.
It is time for us to stand up together, globally, and remove these shackles. We must do it in a non violent, but determined manner. A million people every day in every capital of the world standing and demanding economic parity, dignity, our fair share in the form of livable wages, reasonable access to shelter, education, health care, and economic opportunity, It is time we take the responsibility to act up and speak up. No one or no government is going to do it for us. It is time we stop fooling ourselves, and lying to ourselves that it is going to be OK. Surely someone will take care of this. No one is going to do this except us. We really have to get that before it is too late.