The Hidden-in-Plain-Sight Mechanism of the Super-Wealthy: Money-Laundering 2.0

 money launderingCharles Hugh Smith – We all know the rich are getting richer, and the super-rich are getting super-richer. This reality is illustrated in the chart of income gains, the vast majority of which have flowed to the top .01%–not the top 1%, or the top .1% — to the very tippy top of the wealth-power pyramid:

Though all sorts of reasons have been offered to explain this trend–I’ve described the mechanisms of financialization here for years–two that don’t attract much mainstream media attention are money laundering and control fraud, i.e. changing the rules of what’s legal so what was illegal yesterday is legal today–presto-magico, illegally skimmed wealth is now “legal.”

Continue reading “The Hidden-in-Plain-Sight Mechanism of the Super-Wealthy: Money-Laundering 2.0”

The World is Waking Up and it’s Magic to Watch

Phillip J. WattpeopleIt’s inspiring to witness many of the earth’s people, especially in the Western world, becoming aware of the deep corruption in our social system, particularly because society is building its innate capacity to actually do something about it.

More and more people now understand that we are ruled via a corporatocracy where the money supply, banking, governmental policy and other vital public infrastructure has been hijacked by the oligarchs and the corporate elite. In addition, public discourse and the official narratives are dictated by the corporate media who are owned by the same people who control macro public policy via their political puppets, as well as the unprecedented wealth they have at their disposal.

Their ultimate agenda is of course ultimate power, which is dressed up in a pretty dress of “let’s save the planet!”. Of course the degradation of our natural systems needs a fresh approach, yet their covert game to win a planetary control-system has been brilliantly exposed for the world to see.

In stride, the people are fighting back in both explicit and subtle ways. Some examples include:

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Half-Way Through The Pluto In Capricorn Transit

plutoCarol Ciocco –  On January 25, 2008 – 8 years ago tomorrow – the planet Pluto (which had been re-classified a dwarf planet in 2006) entered the sign of Capricorn in the tropical zodiac.

This was a humongous shift, one of the biggest turning points of our time. We astrologers knew it was coming. As the 16-year Pluto in Capricorn era began, we knew that unprecedented massive societal changes to all of the world’s structured organizations/institutions – esp corporations and government – was on its way. Like a freight train.

As expected, government is now nearly completely owned by corporations – here in the US we now live in a Plutocratic Corporatocracy. At the same time, corruption in institutions is being dredged up like sewage, as the dark and ugly aspects our societal structures are exposed – mostly through independent internet-based independent media.

Of course, this macrocosmic darkness is only a reflection of our inner ‘shadow side’, and is a systemic manifestation of it. When we look out at society, we are looking at a mirror of our fear-based aspects, and our lack of love for ourselves. This means one basic and all-important thing: we can change it because we can choose to change ourselves.

Within months of Pluto entering Capricorn, the massive Bear-Stearns global investment bank collapsed due to Wall Street’s casino-gambling of the people’s money in a heartless game of trading worthless assets. A global Ponzi Scheme. Continue reading “Half-Way Through The Pluto In Capricorn Transit”

NCAA College Sports Oligopoly

“. . . NCAA dictates terms to its hundreds of member schools and tens of thousands of college athletes, leaving players with little or no say about financial compensation questions or how to improve their own safety. That college football generates hundreds of millions of dollars in revenue only bolstered the argument for a union, he said. “How can they call this amateur athletics when our jerseys are sold in stores and the money we generate turns coaches and commissioners into multi-millionaires?” Colter asked.” – J Hall

NCAA_Football

The obsession over sports, long analyzed as half-crazed, defies logical explanation. Even so, it is undeniable that organized athletics is big business. This standard certainly applies to professional leagues, but often it is overlooked just how much money is involved in “so called” amateur games at the college level. A Brief History of the National Collegiate Athletic Association’s Role in Regulating Intercollegiate Athletics serves as a useful primer. Regulation of intercollegiate athletics may seem a desirable and necessary function to maintain the integrity of sport. In spite of this noble objective, the supervision of the NCAA over college athletics usually comes down to the excessive administration of football and basketball.

Yes, men’s games have a distinct advantage over the rest of the field. There is a simple reason, MONEY. The headline, NCAA approaching $1 billion per year amid challenges by players, screams louder than any fan packed stadium. “The NCAA made $912.8 million last year, 84 percent of which came from one, three-week event: The Division I men’s basketball tournament.”

Not to be outdone, Forbes reviews The Economics of College Football: A Look At The Top-25 Teams’ Revenues And Expenses. An important and salient point indicates that not all teams are equal. “Those teams who either have their own network or whose conferences have their own network have extra streams of revenue that boost their numbers.” Continue reading “NCAA College Sports Oligopoly”