60% Of World Population Living In Poverty But 83% Of All U.S Stocks Owned By 1%

This interview was posted 2 months ago or so, but since most usually have an hectic life and little free time, EC decided to highlight some of it.

TRANSCRIPT
PETER JOSEPH: our economy is based on consumption and advertising is the “arm” of creating ARTIFICIAL demand, and without that arm, it is so polluted as you know, … you wouldn’t have people aspiring to things that are highly irrational, abused by our social inclusion… advertising spreads consumption like a virus, everybody wants it because we care about social inclusion, which is part of our biology. So advertising manipulates our primal sense of humanity. Without that “arm”, our society would collapse.

EARTH CUSTODIANS: it is rather obvious that ARTIFICIAL demand is the problem. But when people work 8 hrs a day, they do not have much time for creativity anymore. Because they have so little control over their lives in the end, consumerism is going to fill the void. On the other side of the fence, advertising do the thinking for them.

PETER JOSEPH: … we have to have this demand created, and this is the CENTRAL FLAW of market economics… Not only destroying human psychology but destroying the environment simultaneously.

EARTH CUSTODIANS: Human psychology (emotions), is really in dire shape, addiction to consumerism has reduced human’s attention span to that of a goldfish (see yesterday blog) . Not talking of the Truth Seekers here but the average Joe and Jane. Moreover, there is nothing that is going to stop society’s created demand but a brick wall. That some day of reckoning is inevitable.

Just think about it, department stores (Macy’s, Walmart, Marshalls and co) sell more synthetic fabrics than cotton, linen or wool, because corporations understand it is less expensive to produce. And pollution by microfibers has become another nightmare. Fashion and social inclusion are bedfellows and now responsible for fueling the planetary ecocide, which is an end result caused by IRRATIONAL demand. And examples abound.

To paraphrase P.J: consumer demand has become so extreme that it also generates lots of violence as society thrives in this type of self-identification, and promoting the diminishment of others by those who can afford better. Earth Custodians have stressed many times that a system that takes more than what it puts in is unsustainable. Violence is always the result of a lie at the human level as man is supposedly smart enough to avoid animal behaviors.

Artificial demand is, on top of that, at the core of social divides. In our days and age, and if we call ourselves civilized, such a state of affair should not exist. Period. Nothing has really changed over the centuries but the means of coercion because many do not see the game pushed on them. No humans would ever accept it if this was brought to their awareness.

P.JOSEPH: (explaining the beginning of the stock exchange)… then suddenly the exchange system began. And slowly but surely, the idea of selling artificial shares of nothing effectively became the means of making money. I call it a drone warfare economics. … people do not see where they drop their bombs across the world…. people that trade the stock market have absolutely no idea of what they are doing, they are shorting the currencies of some small countries (developing world) , effectively contributing to that country’s decline. 83% of all stocks are owned by the 1%. So when the stock market goes up, who benefits? The stock market is a money machine for the elites.

(PS: at this stage it does not matter: 10 vs 1% is still discombobulating, but EC definitely trust the businessinsider link as Micheal Snyder has an excellent reputation)

Yes, stocks are up. But 80 percent of the value is held by the richest 10 percent. https://www.washingtonpost.com/posteverything/wp/2017/03/02/perspective-on-the-stock-market-rally-80-of-stock-value-held-by-top-10/?noredirect=on&utm_term=.a48a797b3de8

22 Statistics That Prove The Middle Class Is Being Systematically Wiped Out Of Existence In America… 83 percent of all U.S. stocks are in the hands of 1 percent of the people. https://www.businessinsider.com/22-statistics-that-prove-the-middle-class-is-being-systematically-wiped-out-of-existence-in-america-2010-7#83-percent-of-all-us-stocks-are-in-the-hands-of-1-percent-of-the-people-1

E.C: … anybody who comprehends the above, will automatically grasp that it is ” the mere presence of money” which is corrupting people’s minds. That what we are seeing today is the inevitable outcome of the money making mentality — competition not being preventable, because ownership is embedded in capitalism/monetarism and people will always do whatever it costs to secure and increase their assets. P.J is right, the system is despotic!

P.JOSEPH: … you can argue about getting rid of a debt based system and currency, and I have had many conversations with people wondering why it has not happen… because it is INTRINSIC to the function of capitalism. Most or all the money that is made mainly come to the lower classes making loans.

E.C: Let’s get this straight. How would the economy look like without any artificial demand nor debt? This is a serious question, because it makes the case for — and paves the way to — a money-free society. Moreover, free market can only exist when everything is transparent, which is impossible due to the nature of money itself. Collusion is against transparency! So as long as money exists… no free market. It is all about economic coercion.

P.JOSEPH: … since the industrial revolution, we are able to do more and more with less and less… and that is the driving force that can create equitable distribution and peace on this planet.

E.C: how obvious, with the less need for creating employment, the only exit door is a money-free society. That is why UBI is being promoted, to fill the gap but it is a gigantic deception. The meritocrats want to stay in power, hence will rally behind and for UBI. Devilish to say the least.

P.JOSPEH: … Peter Edwards from the University of New Castle put out, what he calls the ethical poverty line which is based on the lifespan, not the metrics put out by the UN, and when using Edward’s calculations, you discover that 60% of the world population lives in poverty. And that is LUNACY from an efficiency standpoint.

E.C: With 72% of Americans being today 2 paychecks away from bankruptcy that makes sense. And on top of that we waste globally 50% of food production yearly. Corporate efficiency is another hoax. But just follow the money.

Peter Joseph went on, talking of vertical farming, that could feed 34 TRILLION HUMANS, and which is about growing food/crops in buildings, and means that conventional farming could really become obsolete overnight as vertical farming does not require any soil.

That would also end the pesticide and GMOs industries. Do you realize how challenging it s to change the world with sustainable concepts that do not support any top down frameworks?

Leading and Advancing the Sustainable Growth and Development of the Vertical Farming Industry and Movement. https://vertical-farming.net/

But vertical farming has a downside: costs of electricity, which cannot make produces cheaper. But let’s consider this…

Here’s how much it costs to mine a single bitcoin in your country… What the report (see table above) found is that the U.S. ranks 41st among countries, with an average costs for mining bitcoin of $4,758 a bitcoin, close to other popular mining destinations Russia at $4,675 and the aforementioned Iceland at $4,746. That means that investors would be able to make a profit with bitcoin’s current value at $8,567.86, according to Kraken exchange prices (2018) https://www.marketwatch.com/story/heres-how-much-it-costs-to-mine-a-single-bitcoin-in-your-country-2018-03-06

Do you see the paradox here… do you see why our world economy is unsustainable… that putting money before humans’ welfare and birthrights is why we are destroying the planet. Vertical farming makes the case for a money-free society. Who would not like to contribute 10hrs weekly to feed the community/world. This is what the purpose of Life is about: participating and innovating without any form of coercion — for a greater good.

How To End The Perpetual Alienation Of People’s Birthrights? https://earthcustodians.net/blog/2018/12/10/how-to-end-the-perpetual-alienation-of-peoples-birthrights/

CONCLUSION:

Humanity is a body, if a limp gets injured or infected and that we fail to address it, it spreads throughout the entire body. We have reached that point now and, there is no way back… it is time to let go our current system for good!

Listen to Peter Joseph’s interview to have an even better picture of our slow motion demise in the making.
Empire Files: Peter Joseph & Abby Martin on Abolishing Capitalism 

 

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