By Goran Sumkoski
Global 0.000001% have economically enslaved the people of the entire world
“Wherever you live in the world, you are robbed. Not by a masked robber, but by the global kleptocracy: The rich have been robbing the poor in every corner of the world for the past seven decades” – Michael Chen, economic analyst, USA, 2018.
You read, more and more frequently, and especially recently during the COVID pandemic, how the richest are getting even richer, and how… you got poorer. Either through losing your job, closure of your small family business, or earning smaller income due to the global COVID lockdowns. But this feeling, that was present for decades even before COVID, is not just a false psychological phenomenon. It is also not the gaslighting by the corrupt global media that it is only your fault that you are getting poorer and poorer since somehow you did not work hard enough or you were not too wise or clever or capable (with some exceptions of course that naturally fall under any of the mentioned cases). This process is based on a well-documented, coordinated and complex decades-long imposition of neoliberal policies implemented by globalists’ institutions in every corner and nation in the world.
These policies have been and are implemented by various tools and instruments of neoliberalism globally and in every sovereign nation-state, such as the Transnational Corporations (TNC) working in agreement with the IMF, World Bank, and other international financial institutions, joined by the vassal Central Banks that are purely an extension of the privately-owned US Federal Reserves, by the increasingly indoctrinated academic world and corrupt mainstream media, by a network of international professionals to promote neoliberal principles domestically, international and national NGOs financed by money from the centres of neoliberal power, etc. And all of this with one goal – creating a world without borders and nations and in favour of corrupted 0.00001% of the elites around Soros, Gates, Bezos and similar public faces as well as number of deep-state players behind them.
Science proves how really small is this global elite that privatized the world
However, academic research conveniently buried deep on the internet and you may wonder why, scientifically confirm this unprecedented concentration of ownership and control of the entire world’s resources and financial flows by a very few “core nodes”. The investigation of the architecture of the international ownership network, along with the computation of the control held by each global player has been conducted in 2011 by Stefania Vitali, James B. Glattfelder, and Stefano Battiston, in Switzerland, and reveals the stunning truth the small number of hands that the control of the entire world is at present. This concentration of economic and financial control is confirmed using empirical analysis of the Orbis database of Transnational Corporations, identified as such according to the OECD definition, analyzing 30 million economic entities based in 194 countries, showing that interconnected network of 43,060 TNC that includes 600,508 nodes and 1,006,987 ownership ties, is in fact controlled by a small core group. The study shows that the largest component (3/4 of all TNC nodes) accounts for 94.2% of the total TNC operating revenue, but its peculiarity is that the strongly connected core component is very small, very densely connected, and this tightly-knit group of core corporations cumulatively hold the majority of these 94,2% operating profits in the world.
“We find that transnational corporations form a giant bow-tie structure and that a large portion of control flows to a small tightly-knit core of financial institutions. This core can be seen as an economic “super-entity” that raises new important issues both for researchers and policymakers.” – write the authors of the empirical study and present the key findings:
– 1,318 or only 0.7% of the TNCs but earn directly 18.7% of the revenue of all TNCs, and combined with the revenues from companies controlled by them, these companies control 94,2% of the global economy.
– 737 top holders accumulate 80% of the control over the value of all TNCs (yellow nodes in the picture)
– 147 “superconductors” in the core (red nodes), that are mostly financial institutions, representing only 0.3% have direct control of 40% over the economic value in terms of ownership and control of resources and profits of TNCs in the world, and much more through the other TNCs controlled by them (See the list of the top 50 Control Holders in the world in the annex at the end).
Is it already mindboggling? Wait. It gets even “better” as Forbes inadvertently admits in their article: The Four Companies That Control the 147 Companies That Own Everything, it shows that out of this handful of entities, the true financial and economic control of the entire world is in the hands of only 4 corporations:
- McGraw-Hill, which owns Standard & Poor’s,
- Northwestern Mutual, which owns Russell Investments, Russell 1,000 and Russell 3,000,
- CME Group which owns 90% of Dow Jones Indexes, and
- Barclay’s, which took over Lehman Brothers and its Lehman Aggregate Bond Index, the dominant world bond fund index.
This global plundering of the global resources and economy by the unelected transnational corporate world has been achieved in just last several decades and has been imposed to the last far-flung corner of the world, destroying any domestic independent economy, currency, development and thus any independent nation-state policy. This has been and still is the motto of the current neoliberal global exploitatory system under the banner of globalism and more recently under the new banner of Great Reset.
It promises and guarantees only eternal financial slavery for any nation and individual, eternal payment of interest, and interest on interest, on the debt created by fictitious fiat “hard” currencies, robbing all natural, strategic, water, mineral, underground and overground resources, in essence robbing the future of the free mankind. In the end, after exhausting all natural resources to pay non-existent artificial debts, it will be only the human resources, you and your family to pay with, for a hundred generations in the future as slaves and eternal debtors of unpayable artificially created debt!
What to do about it and how o build a fairer international economic and financial system
The international financial system set up by the Bretton’s Woods institutions and exacerbated by the exit from the gold standard by the US in the 1970ies has to be dismantled for a fair international monetary order to be established among the free and sovereign nations. Any entity, be it gold, blockchain decentralized currency, or, Special Drawing Rights but for all and not for a chosen few and repayable in domestic national currencies, whatever it is universally accepted, can play the role of establishing a fairer international monetary exchange system. And any of these will represent progress in the right direction and will bring an incomparably fairer system than the current systems that rob all nations and individuals for the benefits of the few private owners of “hard currencies” through which we are all additionally globally taxed and hence financially enslaved. This will promote responsible international monetary exchange by each nation-state and will allow the creation of domestic sovereign monetary policy and consequently economic and social development policies for the benefits of its people by legitimate governments that will prevent looting of their national resources by transnational corporations through worthless physically or digitally printed fiat money out of thin air. At the nation-state level, this will enable every sovereign nation to tend towards a more equitable share of the national wealth and resources, whatever is accepted in their traditional norms and values. That can also be only fairer from the current internal nation-state level inequality exerted by the local vassals of the same global transitional elites. Not an easy task, but it has to be done and it will be done, for the sake of the future of mankind. And sooner an alliance of sovereign nations emerges that will build this alternative multipolar system, including the fairer international monetary and economic system, the better.
Goran Sumkoski – International expert, mentor, trainer and lecturer on economic, political and social development, author of the Sovereign Development Doctrine, founder of the Worldwide Sovereign Academy, director, consultant, and adviser with governments, presidents, businesses and people in 30 countries across the world, and with organizations such as the World Bank, Asian Development Bank, IMF, BBC, UNDP, OSCE, European Union, etc. A postgraduate of University of Minnesota, USA; London School of Economics and Political Science, UK; the University of St. Cyril and Methodius, Macedonia; Meiji University, Japan. Publishing academic articles in double-blind reviewed academic journals and articles in media such as Kolozeg.org, Centre for Research of Globalization, OneWorld.com, Geopolitica.ru, etc.
ANNEX – The Top 50 Control Holders
- BARCLAYS PLC (GB)
- THE CAPITAL GROUP COMPANIES INC (US)
- FMR CORP (US)
- AXA (FR)
- STATE STREET CORPORATION (US)
- JPMORGAN CHASE & CO. (US)
- LEGAL & GENERAL GROUP PLC (GB)
- THE VANGUARD GROUP, INC. (US)
- UBS AG (CH)
- MERRILL LYNCH & CO., INC. (US)
- WELLINGTON MANAGEMENT CO. L.L.P. (US)
- DEUTSCHE BANK AG (DE)
- FRANKLIN RESOURCES, INC. (US)
- CREDIT SUISSE GROUP (CH)
- WALTON ENTERPRISES LLC (US)
- BANK OF NEW YORK MELLON CORP. (US)
- NATIXIS (FR)
- THE GOLDMAN SACHS GROUP, INC. (US)
- T. ROWE PRICE GROUP, INC. (US)
- LEGG MASON, INC. (US)
- MORGAN STANLEY (US)
- MITSUBISHI UFJ FINANCIAL GROUP, INC. (JP)
- NORTHERN TRUST CORPORATION (US)
- SOCIÉTÉ GÉNÉRALE (FR)
- BANK OF AMERICA CORPORATION (US)
- LLOYDS TSB GROUP PLC (GB)
- INVESCO PLC (GB)
- ALLIANZ SE (DE)
- TIAA (US)
- OLD MUTUAL PUBLIC LIMITED COMPANY (GB)
- AVIVA PLC (GB)
- SCHRODERS PLC (GB)
- DODGE & COX (US)
- LEHMAN BROTHERS HOLDINGS, INC. (US)
- SUN LIFE FINANCIAL, INC. (CA)
- STANDARD LIFE PLC (GB)
- CNCE (FR)
- NOMURA HOLDINGS, INC. (JP)
- THE DEPOSITORY TRUST COMPANY (US)
- MASSACHUSETTS MUTUAL LIFE INSUR. (US)
- ING GROEP N.V. (NL)
- BRANDES INVESTMENT PARTNERS, L.P. (US)
- UNICREDITO ITALIANO SPA (IT)
- DEPOSIT INSURANCE CORPORATION OF JP (JP)
- VERENIGING AEGON (NL)
- BNP PARIBAS (FR)
- AFFILIATED MANAGERS GROUP, INC. (US)
- RESONA HOLDINGS, INC. (JP)
- CAPITAL GROUP INTERNATIONAL, INC.(US)
- CHINA PETROCHEMICAL GROUP CO. (CN)
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