A Quote by Patricio Aylwin
....the globalization that characterizes today's economics goes beyond or eludes the sovereignty of individual states, and thus the power of their rulers. It is not they, but rather financial groups in control of vast amounts of capital, who decide upon their vertiginous passage through nations, without taking into account the serious crises they might generate.
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Globalization has become an ideology with no constraints. And now, nations are forcing themselves back into the debate. Nations with borders we control, with people that we listen to, with real economies, not Wall Street economies, but rather factories and farmers. And this goes against this unregulated globalization, wild, savage globalization.
Capital movements are no longer necessarily related to the production of goods and services. Through the financial markets of the world, capital movements today are overwhelmingly concerned with the capture of and trade in property rights, the ownership of assets that magnify a corporation's wealth, power, and control. It is what John Maynard Keynes described as "a casino world"-wealth without worth.
The Death of Money is an engrossing account of the massive stresses accumulating in the global financial system, especially since the 2008 financial crisis. Jim Rickards is a natural teacher. Any serious student of financial crises and their root causes needs to read this book.
Capital requires protection, as do the institutions through which it operates. As capital expands its operations, the state that is associated with its protection must develop its capacity for autocratic control. Thus, the "Free World" increasingly resembles a dreary string of heartless police states.
The United States cannot continue to lose vast amounts of business, vast amounts of companies, and millions and millions of people losing their jobs.
Often you can see power lines running alongside the street. Unless current is flowing through them, there is no light. The power line is you and I! The current is God! We have the power to allow the current to flow through us and thus to generate the light of the world: JESUS - or to refuse to be used and, thus, allow the darkness to spread.
Today this is what we are confronted with, I mean what is pure ideology, which takes no account of the human context. In economics it's the same. Economics wanted to take into account theory over and above human criteria, or the parameter 'man'.
While the game of deadlocks and bottle-necks goes on, another more serious game is also being played. It is governed by two axioms. One is that there can be no peace without a general surrender of sovereignty: the other is that no country capable of defending its sovereignty ever surrenders it. If one keeps these axioms in mind one can generally see the relevant facts in international affairs through the smoke-screen with which the newspapers surround them.
In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems.
In the financial system we have today, with less risk concentrated in banks, the probability of systemic financial crises may be lower than in traditional bank-centered financial systems
If, for example, each of us had the same share of capital in the national total capital, then if the share of capital goes up it's not a problem, because you get as much as I do. The problem is that capital in capitalist countries is very heavily concentrated, especially financial capital. So then if the share of income from that source goes up, that actually exacerbates inequality.
The financial doctrines so zealously followed by American companies might help optimize capital when it is scarce. But capital is abundant. If we are to see our economy really grow, we need to encourage migratory capital to become productive capital - capital invested for the long-term in empowering innovations.
A global financial cabal engineered a fraudulent housing and debt bubble [2008], illegally shifted vast amounts of capital out of the US; and used 'privatization' as a form of piracy - a pretext to move government assets to private investors at below-market prices and then shift private liabilities back to government at no cost to the private liability holder Clearly, there was a global financial coup d'etat underway.
Globalization is the result of powerful governments, especially that of the United States, pushing trade deals and other accords down the throats of the world’s people to make it easier for corporations and the wealthy to dominate the economies of nations around the world without having obligations to the peoples of those nations.
Capital, never concerned with distribution, is now less and less concerned with production. Capital is driving for power, for the control over markets, lands, resources. Capital, in corporate hands, can move anywhere and thus demand and get the utmost in concessions and privileges as well as the freedom to operate in the interest of ever-increasing wealth and assets.
What happens when we acknowledge the sovereignty and power of God without trusting in His goodness and faithfulness? A pitcher who saw God's power behind his extremely unlikely rise to the big leagues wondered if, at any difficulty he encountered there, God might be taking his ability away.
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