The 2008 Global Economic Crisis: How Institutionalized Fraud Widened the Gap Between Rich and Poor

What’s the Primary Cause of Wealth Inequality?”, Charles Hugh Smith asks. It’s financialization, which he describes as “the mass commodification of debt and debt-based financial instruments collaterized by previously low-risk assets, a pyramiding of risk and speculative gains that is only possible in a massive expansion of low-cost credit and leverage”.

Wealth inequalities have been rising since the early 80’s, when financialisation began. Unlike the aftermath of the Great Depression of 1929, in which the bottom 90% saw their incomes rise, the 2008 economic crisis brought lower revenues for the same group, Smith writes.

Meanwhile: “The top 1 percent of Americans raked in 95 cents out of every dollar of increased income from 2009, when the Great Recession officially ended, through 2012. Almost a third of the entire national increase went to just 16,000 households, the top 1 percent of the top 1 percent…”

The Organization for Economic Co-operation and Development (OECD) report entitled  “Society at a Glance”  shows the “staggering rise of poverty, hunger, unemployment and social distress in countries throughout the world in the aftermath of the 2008 economic crash.” For Andre Damon  this report is a “damning indictment of the capitalist system and the social policies pursued by governments throughout the world.”

“Particularly devastating are the figures relating to the United States, the center of world capitalism, the heart of the financial crisis and the “richest country in the world”—in which poverty, hunger and social inequality have grown more than nearly any other country surveyed.” (Ibid.)

It’s important to understand that the 2008 economic crisis “was the result of institutionalized fraud and financial manipulation.” This scheme which enriched the wealthiest and impoverished the rest of us was exposed in The Global Economic Crisis: The Great Depression of the XXI Century (Edited by Prof. Michel Chossudovky).

“In all major regions of the world, the economic recession is deep-seated, resulting in mass unemployment, the collapse of state social programs and the impoverishment of millions of people. The meltdown of financial markets was the result of institutionalized fraud and financial manipulation. The economic crisis is accompanied by a worldwide process of militarization, a “war without borders” led by the U.S. and its NATO allies.”

The Global Economic Crisis: The Great Depression of the XXI Century edited by Michel Chossudovsky is a collection of texts revealing “a complex web of deceit and media distortion which serves to conceal the workings of the global economic system and its devastating impacts on people’s lives.”

By Global Research

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7 Responses to “The 2008 Global Economic Crisis: How Institutionalized Fraud Widened the Gap Between Rich and Poor”

  1. Wednesday, March 9, 2016

    New Moon Phase: begin anew, set an intention or wish

    Moon in Pisces/Aries (2:41 pm ET/7:41 pm UT)

    Aspect of the Aeon Sophia (Wisdom): Kali, Goddess of Beginnings and Endings

    Aspect of the Aeon Thelete (Will/Desire): Seth, God of the North, God of Enlightenment

    Skill: accept/forgive/release something; wake up to the truth of something

    True Alignments: pure intentions, beautiful acts, rising above, inspiration, creating inner order out of outer chaos, emotions used for creativity, in place, opportunities for learning, healing, finding an expert, valuing self, connecting with nature, innovation

    Catalysts for Change: insensitivity, unorganized, creating chaotic situations, hidden motives, something that does not add up (look twice at important things), heightened anger or aggression, perfectionism, self-sabotage, manipulation of money, ugly behavior, issues with achievements or success, self-loathing (these thoughts are archontic, not native to you)

    Sabian Symbol for the Solar-Lunar Month: “a table set for an evening meal” (rearranging, setting things in place, returning “home”)

    Sabian Symbol for the Solar-Lunar Year: “the music of the spheres” (recalibration of human consciousness)

    Mercury hits the familiar note of “a girl blowing a bugle,” the energy that Neptune was discharging for so long this year. Today, we recognize something important – a wake up call of sorts – which prompts an impulse for action. This may be a continuation of something that was shown to us last month with the theme of “a large white dove bearing a message.”

    Last lunar month and this lunar month go hand in hand, as both are like month-long Balsamic Moon phases – the time of the year when we release the past and prepare the “field” or the “future” for the next year. This is based on natural planting and growth cycles, the cycles of the Sun, Moon, and Earth. So, we are “loading in” our hopes, wishes, and dreams for the future and “pulling out” that which we do not want to carry forward.

    The hyper-emotional element of this month’s energy is triggered today by the Sun making conjunction (coming to the same place in the sky) with Chiron. This combination highlights past or present pain/wounding in order to help us heal and learn from it. Acceptance, forgiveness (in whatever way this means to you), and release go a very long way today. Exact conjunction is at 9:27 pm ET/2:27 am UT, but is in effect all day.

    To gain wisdom and guidance about the wake up call and the healing and teaching the day offers, we look to the degree of the Moon at the time of the Sun-Chiron conjunction. The Moon always provides wisdom. The Moon will be at 5 Aries and discharging the energy of “a triangle with wings.” This advises us to lift above the situation, let it go, or take flight. Triangles (trines in astrology) serve to bring balance, support, and acceptance.

    Self-acceptance is definitely spotlighted with the combination of today’s astrology. The Moon will move into the sign of Aries, making opposition with the Black Moon in Libra, bringing a two-plus day period of time when personal and collective shadow sides (core fears) come out. The instinctual body is activated and we have a face to face encounter with some type of truth about ourselves. If our shadow side is not well integrated, we unconsciously project our feelings about ourselves onto others. As I often repeat on “Black Moon Days,” we project onto others that which we cannot face in ourselves. The take-away from all of this is: Do you see your own value? Talents? Strength? Brilliant light? The stars shine on us today to help us see.

    “Black Moon Days” increase the potential for sudden changes, emotional outbursts, radical or revolutionary thoughts (not such bad things when change is needed), various breakdowns or breakthroughs, and refreshment to anything that needs revitalizing. Those with the Sun, Chiron, or the Black Moon in Aries or Libra are experiencing this in the sharpest of ways. Surrender to it. Dive gracefully. Accept the rebirth.

    We remember that situations and conditions this month carry strong potential to be exceptionally emotional, and that emotions are indicators (alert systems) to change anything that hurts (forgive and release it maybe?) and enhance anything that leans toward happiness.

    Remember, things are trying to be put in their proper place this month, setting a lovely “table” of consciousness.

    • Yes. If Russia wasnt bolshevik zog khazar infiltrated. Putinand Russia wouldnt care a damn about running the entire country on SSP TTBrown Nikola Tesla free energies. And making all of Russia incl siberia into a glorious free energy fertile soil rich beautiful example to tge world whete every citizen is cared for.and valued, and all is well. A tremendous example to the world, and embarrassment to kerry, bushes, HM, the entire khazar NWO. Why isnt this hapoening? The technologies exist. Russia neednt fret at all, losing its oil dominance in this sceario. – unless putins weighing the above against tremendous destruction.the nwo might do in america and everywhere? Im sure Russia can defend itself. – Another interesting data point Men Scryfa

      • Men Scryfa says:

        You have cracked it. As you say Adam it is all a load of Truman Show rubbish.

        How they laugh at the common man living in caves when they sit in the lap of 5 Star luxury. Makes you wonder what you have to do to join the club. I suspect you cannot. It is for bloodliners only.

      • Dublinmick says:

        There is only so much putin can do. I don’t think he is interested in Russia reducing oil consumption as they own 73% of it. That is a primary source of income.

        He is also carefully trying to avoid WWIII although keep goading him. It would destroy all he has built up in Russia.

    • Very true Men scryfa. Lets spell it out out like it is. I didnt fully grasp until the last 6 months. The higher echelons. The stratosphere. High celbrity power. Wealth. You dont get thru till you pass khazar, illuminati, black magic, inititiation barriers and rituals. This chronicle guy clearly didnr measure up.

      Where are we on our data points and messages? Forgive me if i havent replied to some. In the akashic records men scryfa our comunications will be better.
      Down here im sad my.good email couldnt be posted on tap…

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