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The Truth Behind Capitalism

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In 2008, the loss of 11 billion dollars by the world’s largest insurance company, AIG, and the bankruptcy of the US investment bank Lehman Brothers, triggered a domino effect of financial consequences which brought the entire capitalist system within a hair’s breadth of total collapse.

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But, as the events leading up to the financial crisis were slowly unveiled, it became ever clearer that the crisis was caused, quite knowingly, by the bankers themselves.

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The Cause

In the years leading up to the economic crisis in 2008, banks increased the funding for the riskiest loans (called subprime loans), from $30 billion a year to over $600 billion a year, rigged even higher interest rates on those loans, and then, while the bankers were making billions of dollars of profits off the borrowers’ high interest repayments, they made further profits betting against their customers ever being able to pay back the loans they had just been given.

The FBI warned the government about this in reports as early as 2006, the IMF’s chief economist, Raghurum Rajan, presented a paper to the men in charge of all the world’s major banks, including the Federal Reserve, warning of the potential collapse of the system due to dangerous incentives, and journalist Allan Sloan published articles in Fortune magazine and The Washington Post in 2007 – nothing was done.

Instead, the men who created the crisis were allowed to make billions of dollars of profits before their institutions hit bankruptcy, paid themselves millions of dollars more in bonuses out of the government bailout packages, and left the rest of us to deal with mass increases in unemployment and poverty, and national debts that no amount of austerity measures will ever be able to repay.

The Effect

7 years later and, as you read this, home foreclosures are still on the increase in many US states, the Chinese stock market is teetering on the edge of its own financial meltdown, austerity measures are intensifying in the UK, and the European Union is not unrealistically on the verge of falling apart.

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The ever more concentrated power that forms from a system based on a motive of profit before people, planet, morals and ethics is leading many, like me, to investigate new political alternatives.

Podemos supporters gather in Madrid, Spain. Photo: David Ramos/Getty Images

Podemos supporters gather in Madrid, Spain.
Photo: David Ramos/Getty Images

New left-wing socialist parties, such as Podemos (‘we can’) in Spain and Syriza (‘from the roots’) in Greece, are rising up from the financial ruin of the hardest hit countries, and the socialist debate is picking up serious momentum in the USA, too.

July 2015, and Greece’s new left-wing party Syriza gave the people of Greece the option to vote on continued austerity measures and increased bailouts from Germany and the EU.

Since all the bailout money is only going into paying off interest on the debt that Greece already has – whilst at the same time creating even more debt for Greece thanks to the interest charged on the bailout money itself – for the first time since the Eurozone was created in 1999, people have united en masse to stand up against the irresponsible behaviour of banks and politicians and said ‘no.’

However, this is not the first example of people power since the crisis began. The first rebellion took place in Iceland. People flocked to the streets in protest after the government let the banks borrow 10 times Iceland’s GDP and then left the people of Iceland with a debt to income ratio of 240%.

Ongoing demonstrations that included stones thrown at the parliament building led to a relatively peaceful revolution; the prime minister was indicted, Iceland’s main bank was nationalized, 200 criminal charges were made against the bankers, and debt exceeding 110% of home values was simply wiped clean.

The media has largely ignored these two events, but one event that the global media could not ignore was when thousands of people poured onto the streets in the Wall Street financial district in 2010 demanding a new, humane, sustainable system.

As demonstrations rapidly spread to some 840 cities in the US, and many cities in Europe and Asia, the media was quick to demonize the movement – until finally the demonstrating fizzled out. It therefore may seem that the efforts of Occupy Wall Street were perhaps all in vain, but this is not the case.

The Revolution

Oxfam recently released a report that by 2016, 1% will own more wealth than all the rest of the people on planet earth. In the UK, 1% already owns more wealth than 55% of the population, and in the USA, the top 0.01% are currently worth as much as the bottom 90%. The Occupy Movement is the reason that the idea of the 99% is now in the public debate.

Occupy Wall Street may have fizzled out, but Occupy Together was formed; global solidarity of the 99% is increasing exponentially, new radical left-wing parties are surfacing, new coalitions are forming, and an ever increasing number of demonstrations are taking place, en masse, all over the world. It is just that the mainstream media is not talking about it – but global revolution is already taking place.

This June, for example, more than 250,000 people from all walks of life and political persuasions took part in a unified anti-austerity march that occupied the streets of London here in the UK – but there was nothing about it on the news.

As I continue to develop my project Wake Up World Education, and its aim to encourage rapid positive social change through education, I have been inspired by all of these events to create a short documentary as the third episode of my Truth Behind Politics series.

The documentary critiques capitalism and its flaws and encourages people to move their money out of the big banks and join the movement for social change. In just 30 minutes, it covers the history of the central banking system, the Eurozone, the Occupy Movement, the increasing number of coalitions and demonstrations taking place worldwide, recent events in Iceland and in Greece, and asks the audience one main question:

Was Karl Marx right? Is capitalism post-2008 falling apart due to the weight of its own contradictions?

Dive Deeper

Click below to watch a sneak peek of our brand new course!

Our new course is called 'Overcoming Bias & Improving Critical Thinking.' This 5 week course is instructed by Dr. Madhava Setty & Joe Martino

If you have been wanting to build your self awareness, improve your.critical thinking, become more heart centered and be more aware of bias, this is the perfect course!

Click here to check out a sneak peek and learn more.

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Attention Readers: We’ve Moved Our Journalism To The Pulse

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Take a moment and breathe. Place your hand over your chest area, near your heart. Breathe slowly into the area for about a minute, focusing on a sense of ease entering your mind and body. Click here to learn why we suggest this.

A large portion of our journalism that you’re used to seeing on our Collective Evolution platform has now moved over to The Pulse. We will be publishing most of our news articles there, while Collective Evolution focuses more on personal development.

You can follow The Pulse on Telegram, Facebook, Instagram and Twitter.  

We’ve done this for a number of reasons, mainly due to the struggles we’ve had with regards to extreme censorship at Collective Evolution. We hope you join us over at The Pulse in our quest to keep doing what we do!

Dive Deeper

Click below to watch a sneak peek of our brand new course!

Our new course is called 'Overcoming Bias & Improving Critical Thinking.' This 5 week course is instructed by Dr. Madhava Setty & Joe Martino

If you have been wanting to build your self awareness, improve your.critical thinking, become more heart centered and be more aware of bias, this is the perfect course!

Click here to check out a sneak peek and learn more.

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General

Abductions & Car Vandalism – Startling Australian UFO Report Unclassified

Gautam Peddada

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Take a moment and breathe. Place your hand over your chest area, near your heart. Breathe slowly into the area for about a minute, focusing on a sense of ease entering your mind and body. Click here to learn why we suggest this.

An uncovered Australian report performed by their Department of Defence. “Scientific Intelligence — General — Unidentified Flying Objects” is trending again. Those who have done extensive research on UFOs will find the Australian version of disclosure to be far more intellectually honest than the American version. Albeit it was conducted decades ago.

According to ex-US intelligence official Luis Elizondo, the Defense Department’s Inspector General is presently conducting three reviews. The inquiries vary from the Department of Defense’s handling of UFO claims to Elizondo’s alleged whistleblower retribution. The open IG cases are crucial to Australia’s report because they establish beyond a shadow of a doubt that the US Department of Defense is being dishonest and shady when it comes to the UFO subject. For decades, Australia has been a loyal friend of the United States. Within Australia’s boundaries, they share a military installation (Pine Gap). When a close defense ally’s intelligence agencies determined that the US was not being intellectually honest in its approach, perhaps it is reasonable to conclude that there is more to the tale than the 144 incidents studied since 2004 by the UAPTF.

The CIA became alarmed at the overloading of military communications during the mass sightings of 1952 and considered the possibility that the USSR may take advantage of such a situation.

Australian UFO study.

According to the summary, OSI, acting through the Robertson-Panel, encouraged the USAF to use Project Blue Book to publicly “debunk” UFOs. In a tragic twist of fate, when Australian authorities sought explanations from the US Air Force, the allegation was debunked. The authors of the study were depicted as conspiratorial and even crazy by the US Air Force. Ross Coulthart reported this, and it may be heard in a recent Project Unity interview. Courthart is an award-winning investigative journalist who is drawn to forbidden subjects. He also stated on the same podcast that a senior US Navy official identified as Nat Kobitz told him that the US had been in the midst of reverse-engineering numerous non-human craft. According to his obituary, Mr. Kobitz was a former Director of Research and Development at Naval Sea Systems Command.

Continue reading the entire article at The Pulse. 

Dive Deeper

Click below to watch a sneak peek of our brand new course!

Our new course is called 'Overcoming Bias & Improving Critical Thinking.' This 5 week course is instructed by Dr. Madhava Setty & Joe Martino

If you have been wanting to build your self awareness, improve your.critical thinking, become more heart centered and be more aware of bias, this is the perfect course!

Click here to check out a sneak peek and learn more.

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Exopolitics

New UFO Film Questions What The US Government Is Hiding

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CE Staff Writer 2 minute read

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Take a moment and breathe. Place your hand over your chest area, near your heart. Breathe slowly into the area for about a minute, focusing on a sense of ease entering your mind and body. Click here to learn why we suggest this.

The US recently released its highly anticipated Pentagon UAP report, but it wasn’t much more than a 9 page rundown of what has been known for decades. Regardless, for many, what was promising was that the UFO subject was being taken seriously again – and perhaps many more scientists might get involved.

For decades many have been warning about leaving UFO disclosure in the hands of a government that likes to use crisis’ or current events to expand its defense budgets. Further, why would we suddenly expect a government, who has been lying about this subject for 70 years, to suddenly come forth with the truth? What would inspire them to suddenly change their mind?

Perhaps it’s because the search for ET is an idea who’s time has truly come. We’ve reporting on this for over 13 years, and are mongst a community of researchers who have been encouraging humanity to look at the evidence for more than 70 years. It feels like an idea that human collective consciousness is more than ready to explore.

The impact the ET question has on our individual and collective worldview has the power to truly change the way we view ourselves and the meaning of life here on earth. Think of the implications answers to this question could have on how we set up and run our society as well. Technology, culture, collaboration etc – I spoke about this more in great detail in my extended interview for Greer’s. prior film Close Encounters of The Fifth Kind here.

Now, a new documentary from Dr. Steven Greer, directed by my good friend Michael Mazzola, seeks to explore what the films calls “the current government and media disinformation campaign promoting 3 big lies:”

1. We do not know what these UAPs/ UFOs are. WE DO.
2. Humans cannot make craft that can maneuver like UFOs. WE CAN and WE DO.
3. The UFOs are a threat. THEY ARE NOT.

Bold statements. Watch the film below and see what resonates most with you.

Dive Deeper

Click below to watch a sneak peek of our brand new course!

Our new course is called 'Overcoming Bias & Improving Critical Thinking.' This 5 week course is instructed by Dr. Madhava Setty & Joe Martino

If you have been wanting to build your self awareness, improve your.critical thinking, become more heart centered and be more aware of bias, this is the perfect course!

Click here to check out a sneak peek and learn more.

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