Category Archives: Global Elite

How America Became an Oligarchy

Ellen Brown writes for Web of Debt:

According to a new study from Princeton University, American democracy no longer exists. Using data from over 1,800 policy initiatives from 1981 to 2002, researchers Martin Gilens and Benjamin Page concluded that rich, well-connected individuals on the political scene now steer the direction of the country, regardless of – or even against – the will of the majority of voters. America’s political system has transformed from a democracy into an oligarchy, where power is wielded by wealthy elites.

“Making the world safe for democracy” was President Woodrow Wilson’s rationale for World War I, and it has been used to justify American military intervention ever since. Can we justify sending troops into other countries to spread a political system we cannot maintain at home?

The Magna Carta, considered the first Bill of Rights in the Western world, established the rights of nobles as against the king. But the doctrine that “all men are created equal” – that all people have “certain inalienable rights,” including “life, liberty and the pursuit of happiness” – is an American original. And those rights, supposedly insured by the Bill of Rights, have the right to vote at their core. We have the right to vote but the voters’ collective will no longer prevails.’

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Tony Blair Is Terrible at Promoting Human Rights, Great at Enriching Himself

Murtaza Hussein writes for The Intercept:

Featured photo - Tony Blair Is Terrible at Promoting Human Rights, Great at Enriching Himself[…] After almost a decade as envoy, it’s hard to see anything Blair has done to bring Israelis and Palestinians any closer to peace. The two parties are farther apart than ever by most accounts, with Israeli leaders publicly disavowing the “two-state solution” the Quartet on the Middle East was created to bring about. During Blair’s tenure, a Palestinian official described the group as “useless, useless, useless.” A Brookings Institution report concluded that “the Quartet’s role was usually relegated to that of a political bystander.”

But although he failed to broker peace, Blair did manage during his time as special envoy to transform himself into a well-paid and outspoken apologist for some of the most brutal autocracies in the world. The former prime minister, who once positioned himself as a principled supporter of democracy, even famously waging a war to bring democracy to Iraq, now leads a consulting firm that has reportedly received tens of millions of dollars doing advisory work for dictatorial governments in the Middle East and Central Asia.’

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Mega-Mansions And Giga-Mansions: Ultra-Rich Taking Over L.A. Neighbourhoods

Editor’s Note: You can watch a shorter segment here.

Former IMF Chief Dominique Strauss-Kahn To Face Trial On Pimping Charges

2015 Bilderberg Meeting Confirmed: June 11-14

BilderbergMeetings.co.uk reports:

interalpen‘Austrian police have confirmed the date of the 2015 Bilderberg meeting. The security for the annual conference will take place from June 9th-14th. The meeting itself will take place from the Thursday to the Sunday of that week, June 11th-14th, at the exclusive Interalpen Hotel, in the mountains near Telfs.

The police have stated that they will be undertaking just the one single security exercise for the Bilderberg conference and for the G7 summit taking place nearby at Schloss Elmau in Bavaria, Germany, from the 7th-8th June.’

SOURCE

As inequality soars, the nervous super rich are already planning their escapes

Alec Hogg reports for The Guardian:

Private jet landing in the AlpsWith growing inequality and the civil unrest from Ferguson and the Occupy protests fresh in people’s mind, the world’s super rich are already preparing for the consequences. At a packed session in Davos, former hedge fund director Robert Johnson revealed that worried hedge fund managers were already planning their escapes. “I know hedge fund managers all over the world who are buying airstrips and farms in places like New Zealand because they think they need a getaway,” he said.

Johnson, who heads the Institute of New Economic Thinking and was previously managing director at Soros, said societies can tolerate income inequality if the income floor is high enough. But with an existing system encouraging chief executives to take decisions solely on their profitability, even in the richest countries inequality is increasing.”‘

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Who are the Davos Class? (Infographic)

Bilderberg and the Cult of Austerity

Andrew Gavin Marshall writes in the sixth part in his series on Bilderberg:

AusterityLeedsTxistockphotoE3x4-1‘It could almost be a slogan: Bilderberg brings people together. Specifically, every year, the Bilderberg Group holds secret, “private” meetings at four star hotels around the world, bringing together nearly 150 of the world’s most influential bankers, corporate executives, dynasties, heads-of-state, foreign policy strategists, central bankers and finance ministers. It also invites the heads of international organizations, think tanks, foundations, universities, military and intelligence officials, media barons, journalists and academics.

Participants at Bilderberg appreciate having a closed-door forum where they can speak openly and directly to one other – and of course, not to us. But perhaps we, the people, would also like to hear what they have to say. For the past four years, Bilderbergers have been running around the world preaching the gospel of “austerity” and “structural reform” – very important terms. If you don’t know what they mean, Bilderbergers are working their day jobs to make sure you will learn.’

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Davos: 1700 private jets to fly in 2500 people for forum on “decarbonizing the global economy”

Alanna Petroff reports for CNN Money:

swiss airportBillionaires and world leaders from across the globe are flying en masse to the annual World Economic Forum in Davos, Switzerland — and they insist on traveling in style.

Roughly 1,700 private flights are expected over the course of the week, which is twice as many as normal, according to WINGX Advance, a tracking firm. Traffic is expected to rise 5% compared to last year’s event.

Private jet companies have warned clients to plan ahead, as securing spots for landing, take-off and parking can become a logistical nightmare.’

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New Oxfam report says half of global wealth held by the top 1%

Larry Elliott and Ed Pilkington report for The Guardian:

‘Billionaires and politicians gathering in Switzerland this week will come under pressure to tackle rising inequality after a study found that – on current trends – by next year, 1% of the world’s population will own more wealth than the other 99%.

Ahead of this week’s annual meeting of the World Economic Forum in the ski resort of Davos, the anti-poverty charity Oxfam said it would use its high-profile role at the gathering to demand urgent action to narrow the gap between rich and poor.

The charity’s research, published today, shows that the share of the world’s wealth owned by the best-off 1% has increased from 44% in 2009 to 48% in 2014, while the least well-off 80% currently own just 5.5%.

Oxfam added that on current trends the richest 1% would own more than 50% of the world’s wealth by 2016.’

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Buckingham Palace Denies Sex Claims Against Prince Andrew

Bilderberg and the Global Financial Mafia

Andrew Gavin Marshall writes in part four of his series examining the Bilderberg Group:

‘In the previous Bilderberg article, I wrote that financial markets were “a type of global parasite with unprecedented power capable of determining the fate of nations and peoples.” In truth, the “super-entity” known as financial market power functions like a cartel, or an organized criminal network: a Mafia. This installment examines some of the members of the global financial mafia who are present at Bilderberg meetings and thus are given unparalleled access to political leaders behind closed doors.

At Bilderberg meetings, participants frequently include leading officials and advisers to banks like JPMorgan Chase, Goldman Sachs, Barclays, Deutsche Bank, HSBC and AXA, among others. The participation of leaders and advisers to these and other large financial institutions provides world leaders with direct, “private” access to some of the leading voices at the core of global financial markets. The interests and actions of financial markets can thus be articulated to the leaders of powerful political, media, military, intelligence and technocratic institutions. The “invisible hand” may voice where and when it might smack.

Through Bilderberg, leaders in financial markets are given an inside look at, and access to, those who shape and wield foreign and economic policy in the world’s most powerful nations. Their interests become a part of that process, just as geopolitical interests are integrated into the actions of financial markets. While financial markets command no armies, they determine the flow and functions of money upon which all armies are dependent, and to which nations are obedient. Bilderberg brings these institutions and individuals together for an off-the-record, private chat about global affairs and policy.’

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The Bilderberg Group and Its Link to World Financial Markets

Andrew Gavin Marshall writes:

This article looks at the published lists of participants attending recent Bilderberg meetings, specifically ones that took place between 2008 and 2014. From these lists, we’re better able to understand the relevance of Bilderberg meetings to specific institutions, ideologies and powerful sectors of society connected with global economic governance. As such, the following articles in this series examine financial markets, banks, technocracy, finance ministries, central banks, the IMF and the European Union.

When discussing the Bilderberg group, its meetings and their impacts, there is one major problem: the meetings are held in secret. When 130 of the world’s most influential individuals and institutions get together behind closed doors for a “private chat,” the public is left unaware of what was said, debated, agreed or decided. The official website for Bilderberg publishes recent lists of attendees as well as a press release of the “topics” due to be discussed.

With no details added, the list for the 2014 meeting’s topics included, “Is the economic recovery sustainable?”, “What next for Europe?”, “China’s political and economic outlook,” and “Current Events.” This is essentially all we have to go on in our efforts to discern what was debated and discussed behind the scenes.

So, instead of engaging in speculation about what was or was not discussed at Bilderberg meetings, let’s instead look at the individuals and institutions that are frequently represented there. What role do those groups play in society? What is their history and evolution as institutions and individuals? What ideologies do they embrace and propagate? Seeking the answers to these questions raises further inquiries: what do these individuals, institutions and ideologies tell us about our society? What do they tell us about power and how it is organized, exercised and expanded?’

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Is the Bilderberg Group Picking Our Politicians?

Andrew Gavin Marshall writes:

clinton-thatcher‘When it comes to the secretive meetings of the world’s financial, corporate, political and technocratic elites at the annual Bilderberg conferences, a common criticism from conspiracy theorists and others is that the group pre-selects major politicians – choosing presidents and prime ministers in private before populations have a chance to vote themselves.

Bilderberg participants contest this framing, suggesting that Bilderberg participants simply invite up-and-coming politicians who appear to have a bright future ahead of them.

The truth is that it’s a bit of both. Bilderberg invites politicians who appear to have an influential future in their respective nations, but their attendance at the meetings (depending on their ability to impress Bilderberg members and participants) can itself have a very significant influence on their political futures. This is because the industrialists, bankers and media moguls in attendance hold significant individual and collective power over the political processes across much of the Western world.’

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Henry Kissinger’s secret role in the Bhopal tragedy

Rob Edwards reports for The Scottish Herald:

‘Former US Secretary of State Henry Kissinger put pressure on the Indian Government to agree a legal settlement that let the American chemical company Union Carbide off the hook for the 25,000 people killed by the toxic gas disaster in Bhopal 30 years ago.

A letter released under freedom of ­information legislation reveals that the late Indian steel magnate JRD Tata wrote secretly to the Indian prime minister, Rajiv Gandhi, in May 1988 conveying ­Kissinger’s concern about the delays in reaching agreement on the compensation to be paid to victims.

At the time, Kissinger – who became notorious around the world in the 1970s for being involved in some of most hawkish US foreign policy decisions – was an adviser to Union Carbide and other major US corporations.’

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Meet the Bilderberg Group, High Priests of Globalization

Andrew Gavin Marshall writes:

‘Meet the Bilderberg Group – an annual gathering of 130 of the Western world’s top financial, corporate, political, academic, media, military and policy elites, held every year since 1954.

They meet behind closed doors, at five-star hotels, where participants are encouraged to speak frankly – meaning “off the record” and away from the prying eyes and piercing ears of the public. Some journalists and media executives are invited, but they don’t actually cover the meetings: they simply attend them as guests.

The famous exclusivity and secrecy of the Bilderberg Group, we are told, is designed to encourage frank and open discussions among some of the most influential people in North America and Western Europe. But unlike its portrayal as a place where powerful people simply “talk shop,” critics for years have considered the meetings a form of secret world government, and a shadowy cabal.

The truth, as it often is, rests somewhere between these extremes.’

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Prombron Black Shark: Chinese elite’s $1 million ride of choice

Editor’s Note: At $1 million each, this vehicle could become the ride of choice for the world’s global elite who are increasingly becoming paranoid about the bewildered herds growing anger at rising inequality and their increasingly extravagant lifestyles while so many struggle to get by. Why not peasant proof themselves with a Prombron Black Shark?

Nick Gentle reports for Bloomberg News:

Black Shark 1 (2).jpgLeather seats and a champagne fridge used to be the ultimate in car luxury. Now, it’s Tiffany blue bonnets encrusted with Swarovski crystals.

In China, where millionaires are being minted daily and displays of excess are still easily found despite a crackdown on extravagance, the bar for conspicuous consumption is being raised ever higher.

Enter the Prombron Black Shark, a bespoke luxury vehicle from Latvia’s Dartz Motorz Co. that in addition to armor-plating, crowd-suppression lasers and anti-paparazzi electrified door handles, offers exotic leather interiors, a Bang & Olufsen A/S sound system and, yes, as one customer has requested, that famous blue paint job. Costing in excess of six figures, these cars are clearly for people who want to do more than just get from point A to point B.’

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US wealth inequality: Top 0.1% worth as much as the bottom 90%

Angela Monaghan reports for The Guardian:

Wealth inequality in the US is at near record levels according to a new study by academics. Over the past three decades, the share of household wealth owned by the top 0.1% has increased from 7% to 22%. For the bottom 90% of families, a combination of rising debt, the collapse of the value of their assets during the financial crisis, and stagnant real wages have led to the erosion of wealth.

The research by Emmanuel Saez and Gabriel Zucman [pdf] illustrates the evolution of wealth inequality over the last century. The chart shows how the top 0.1% of families now own roughly the same share of wealth as the bottom 90%.

The picture actually improved in the aftermath of the 1930s Great Depression, with wealth inequality falling through to the late 1970s. It then started to rise again, with the share of total household wealth owned by the top 0.1% rising to 22% in 2012 from 7% in the late 1970s. The top 0.1% includes 160,000 families with total net assets of more than $20m (£13m) in 2012.

In contrast, the share of total US wealth owned by the bottom 90% of families fell from a peak of 36% in the mid-1980s, to 23% in 2012 – just one percentage point above the top 0.1%.’

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IMF, World Bank, Giant Consultants Admit the Storm is Coming

Andrew Gavin Marshall wrote for Occupy back in July:

‘These two groups – financial institutions and the consultants that advise them – play key roles in the spread of institutionalized corporate and financial power, and as such, warnings from these groups about the threat posed by “social unrest” carry particular weight as they are geared toward a particular audience: the global oligarchy itself.

Organizations like the International Monetary Fund (IMF) and World Bank were responsible for forcing neoliberal economic “restructuring” on much of the developing world from the 1980s onwards, as the IMF and E.U. are currently imposing on Greece and large parts of Europe. The results have been and continue to be devastating for populations, while corporations and banks accumulate unprecedented wealth and power.

As IMF austerity programs spread across the globe, poverty followed, and so too did protests and rebellion. Between 1976 and 1992, there were 146 protests against IMF-sponsored programs in 39 different countries around the world, often resulting in violent state repression of the domestic populations.

These same programs by the IMF and World Bank facilitated the massive growth of slums, as the policies demanded by the organizations forced countries to undertake massive layoffs, privatization, deregulation, austerity and the liberalization of markets – amounting, ultimately, to a new system of social genocide. The new poor and displaced rural communities flocked to cities in search of work and hope for a better future, only to be herded into massive urban shantytowns and slums. Today roughly one in seven people on Earth, or over 1 billion, live in slums.’

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Ted Turner in 2003: Rupert Murdoch is a warmonger responsible for the Iraq Invasion

From The Guardian in 2003:

‘Outspoken US media tycoon Ted Turner turned up the heat in his acrimonious and long-standing feud with Rupert Murdoch last night, calling the News Corp chairman a “warmonger” for his support of the war in Iraq.

Just weeks after Mr Turner challenged Mr Murdoch to a fist fight, he waded into his old adversary for his unrelenting support of the war.

“He’s a warmonger,” Mr Turner said in a speech in San Francisco. “He promoted it.”‘

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Number of global billionaires has doubled since the financial crisis

Jamie Merril reports for The Independent:

‘The number of billionaires has doubled since the start of the financial crisis, according to a major new report from anti-poverty campaigners.

According to Oxfam, the world’s rich are getting richer, leaving hundreds of millions of people facing a life “trapped in poverty” as global “inequality spirals out of control”.

The report found that the number of billionaires in the world has more than doubled to 1,646 since the financial crisis of 2009, and Oxfam says is evidence that the benefits of a return to economic growth are “not being shared with the vast majority”.’

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Piketty’s prophecy comes true: The planet’s middle class is rapidly going extinct

Lynn Stuart Parramore writes for AlterNet:

Piketty's prophecy comes true: The planet's middle class is rapidly going extinct ‘According to a new report, the richest one percent have got their mitts on almost half the world’s assets. Think that’s the end of the story? Think again. This is only the beginning.

The “Global Annual Wealth Report,” freshly released by investment giant Credit Suisse, analyzes the shocking trend of growing wealth inequality around the world. What the researchers find is that global wealth has increased every year since 2008, and that personal wealth seems to be rising at the fastest rate ever recorded, much of it driven by strong equity markets. But the benefits of this growth have largely been channeled to those who are already affluent. While the restaurant workers in America struggled to achieve wages of $10 an hour for their labor, those invested in equities saw their wealth soar without lifting a finger. So it goes around the world.’

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Richest 1% of people own nearly half of global wealth, says Credit Suisse study

Jill Treanor reports for The Guardian:

1percent 300x201 The Global 1%: Exposing the Transnational Ruling Class‘The richest 1% of the world’s population are getting wealthier, owning more than 48% of global wealth, according to a report published on Tuesday which warned growing inequality could be a trigger for recession.

According to the Credit Suisse global wealth report (pdf), a person needs just $3,650 – including the value of equity in their home – to be among the wealthiest half of world citizens. However, more than $77,000 is required to be a member of the top 10% of global wealth holders, and $798,000 to belong to the top 1%.

“Taken together, the bottom half of the global population own less than 1% of total wealth. In sharp contrast, the richest decile hold 87% of the world’s wealth, and the top percentile alone account for 48.2% of global assets,” said the annual report, now in its fifth year.’

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Top 400 US Billionaires Own $2.29 Trillion, Equal To Brazil’s GDP: Interview with Robert Johnson

Editor’s Note: Robert Johnson is the Executive Director of the Institute for New Economic Thinking, a Senior Fellow and Director of the “Project on Global Finance” at the Roosevelt Institute. He was also a former currency trader on Wall Street who worked under George Soros.

Inside the Koch Brothers’ Toxic Empire

Tim Dickinson writes for Rolling Stone:

‘The enormity of the Koch fortune is no mystery. Brothers Charles and David are each worth more than $40 billion. The electoral influence of the Koch brothers is similarly well-chronicled. The Kochs are our homegrown oligarchs; they’ve cornered the market on Republican politics and are nakedly attempting to buy Congress and the White House. Their political network helped finance the Tea Party and powers today’s GOP. Koch-affiliated organizations raised some $400 million during the 2012 election, and aim to spend another $290 million to elect Republicans in this year’s midterms. So far in this cycle, Koch-backed entities have bought 44,000 political ads to boost Republican efforts to take back the Senate.

What is less clear is where all that money comes from. Koch Industries is headquartered in a squat, smoked-glass building that rises above the prairie on the outskirts of Wichita, Kansas. The building, like the brothers’ fiercely private firm, is literally and figuratively a black box. Koch touts only one top-line financial figure: $115 billion in annual revenue, as estimated by Forbes. By that metric, it is larger than IBM, Honda or Hewlett-Packard and is America’s second-largest private company after agribusiness colossus Cargill. The company’s stock response to inquiries from reporters: “We are privately held and don’t disclose this information.”

But Koch Industries is not entirely opaque. The company’s troubled legal history – including a trail of congressional investigations, Department of Justice consent decrees, civil lawsuits and felony convictions – augmented by internal company documents, leaked State Department cables, Freedom of Information disclosures and company whistle­-blowers, combine to cast an unwelcome spotlight on the toxic empire whose profits finance the modern GOP.’

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Does NATO’s Outgoing Head Have Kurdish Skeletons in His Closet?

teleSur reports:

NATO Secretary-General Anders Fogh Rasmussen speaks during a news conference in September, 2014. (Photo: Reuters)‘The secret story of how the outgoing head of the most powerful military alliance landed his job “has everything,” according to WikiLeaks founder Julian Assange.

“It has the Kurds. It has the destruction of an entire TV station. Corrupt deals between intelligence agencies and the judiciary. The corruption of a Scandinavian country, Denmark. And the head of that country, the prime minister, doing a corrupt deal to get his job,” Assange told teleSUR English in an exclusive interview.

Continuing, Assange lamented the “whole thing, signed off, explicitly by Barack Obama.”

The story with “everything” is now a pending case before the European Court of Human Rights, but it begins two years ago, with the prosecution of a Kurdish language television station in Denmark.’

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Koch foundation proposal to college: Teach our curriculum, get millions

Dave Levinthal reports for The Center for Public Integrity:

‘In 2007, when the Charles Koch Foundation considered giving millions of dollars to Florida State University’s economics department, the offer came with strings attached.

First, the curriculum it funded must align with the libertarian, deregulatory economic philosophy of Charles Koch, the billionaire industrialist and Republican political bankroller.

Second, the Charles Koch Foundation would at least partially control which faculty members Florida State University hired.

And third, Bruce Benson, a prominent libertarian economic theorist and Florida State University economics department chairman, must stay on another three years as department chairman — even though he told his wife he’d step down in 2009 after one three-year term.’

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America’s Billionaires Political Power Index

Darrell M. West has produced a list of  America’s top billionaires with the most political power  for a upcoming book called Billionaires: Reflections on the Upper Crust. According to the author he “examines the political use of great wealth, including campaign expenditures, activism through nonprofit organizations and foundations, holding public office, media ownership, policy thought leadership, and behind the scenes influence.” You can learn more about it by clicking on the image below:

Super Wealthy Spread Money, Politicians Spread Ass Cheeks

Arundhati Roy: How Corporate Power Converted Wealth Into Philanthropy for Social Control

AlterNet recently republished an excerpt from Arundhati Roy’s new book, Capitalism: A Ghost Story:

‘What follows in this essay might appear to some to be a somewhat harsh critique. On the other hand, in the tradition of honoring one’s adversaries, it could be read as an acknowledgment of the vision, flexibility, sophistication, and unwavering determination of those who have dedicated their lives to keeping the world safe for capitalism.

Their enthralling history, which has faded from contemporary memory, began in the United States in the early twentieth century when, kitted out legally in the form of endowed foundations, corporate philanthropy began to replace missionary activity as Capitalism’s (and Imperialism’s) road-opening and systems maintenance patrol.

Among the first foundations to be set up in the United States were the Carnegie Corporation, endowed in 1911 by profits from Carnegie Steel Company, and the Rockefeller Foundation, endowed in 1914 by J. D. Rockefeller, founder of Standard Oil Company. The Tatas and Ambanis of their time.’

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