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The Truth About 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.

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.

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The Effect

10 years later and, as you read this, the effect of home foreclosures is still felt across the US states, austerity measures are intensifying grass roots action and opposition in the UK, and people are losing faith in the European Union, which is not unrealistically now at risk of falling apart.

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 to turn away from the mainstream narrative towards new political alternatives, and solutions.

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

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

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 united en masse to stand up against banks and politicians and said ‘no.’

Since then, people’s movements like Podemos (‘we can’) in Spain and Syriza (‘from the roots’) in Greece keep rising out of the financial ruin of the hardest hit European countries, and the socialist debate has picked up serious momentum in the USA due to Bernie Sanders and the UK due to Jeremy Corbyn, while votes for Brexit and Trump show that ordinary people are willing to take big risks and force change if this is the only way to create a new narrative to capitalism.

However, the first example of people power since the financial crisis began 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 mainstream media have mostly ignored the significance of all these 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, however, 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.

The Solutions Revolution

Oxfam 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% now owns more wealth than 55% of the population, and in the USA, the top 0.01% are currently worth as much as (if not more) 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 global solidarity of the 99% is increasing exponentially: new radical alternatives like The Venus Project and Contributionism are now being implemented, completely new economic systems are forming and being implemented, solutions movements are unitingnew coalitions are forming, and an ever increasing number of demonstrations are taking place, en masse, all over the world. It is only the mainstream media that is not talking about it – but a global solutions revolution is already taking place.

This April, German mainstream news channel ARD joined Russian news in reporting that the US-led coalition against Iraq, Syria and now Iran is faking news to justify their ongoing illegal, preemptive take over of the Middle East. Not because Germany has suddenly decided to become best friends with Russia, but because they know where this war is headed.

In 2015, I was inspired by all of the events that had unfolded so far to create a short documentary as the third episode of my Truth Behind Politics series.

The documentary encourages critical thinking and debate by controversially critiquing capitalism from the perspective of Karl Marx. 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, events in Iceland and in Greece, and asks the audience one main critical thinking question:

Is capitalism on the verge of collapse and a positive new ‘people and planet before profit’ ethos coming to fruition in its wake?

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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!

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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!

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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. 

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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!

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PGA Tour To End COVID Testing For Both Vaccinated & Non-Vaccinated Players

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CE Staff Writer 4 minute read

In Brief

  • The Facts:

    The PGA Tour has announced that it will stop testing players every week, regardless of whether they have been vaccinated or not.

  • Reflect On:

    Are PCR tests appropriate to identify infectious people? Should people who are healthy and not sick be tested at all, anywhere?

Before you begin...

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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 picture you see above is of John Rahm, a professional golfer on the PGA tour being carted off the golf course after tournament officials told him he had COVID. He was healthy and had no symptoms, yet was forced to withdraw from the tournament. He was told in front of the camera’s, and a big scene was made out of the event. You would think something like that, especially when you are a big time sports figure, would be done behind closed doors with some privacy.

Earlier on in June a spokesperson for the PGA Tour said that more than 50 percent of players on the PGA tour have been vaccinated. Although it seems that the majority of players on the tour will be fully vaccinated judging by this statement, it does leave a fairly large minority who won’t be, and that’s something we’re seeing across the globe as COVID vaccine hesitancy remains high for multiple reasons.

We are pleased to announce, after consultation with PGA Tour medical advisors, that due to the high rate of vaccination among all constituents on the PGA Tour, as well as other positively trending factors across the country, testing for COVID-19 will no longer be required as a condition of competition beginning with the 3M Open. – PGA tour Senior VP Tyler Dennis

The tour recently announced that the testing of players every week will stop starting in July for both the vaccinated and the unvaccinated. This was an unexpected announcement given the fact that, at least it seems in some countries, vaccinated individuals will enjoy previous rights and freedoms that everyone did before the pandemic. Travelling without need to quarantine and possibly in the future not having to be tested could be a few of those privileges. Others may include attending concerts, sporting events, or perhaps even keeping their job depending on whether or not their employer deems it to be mandatory, if that’s even legally possible. We will see what happens.

Luckily for professional golfers, regardless of their vaccination status they won’t have to worry about testing positive for COVID, especially if they’re not sick. This is the appropriate move by the PGA tour, who is represented by their players and it’s a move that the players themselves may have had a say in. It’s important because PCR tests are not designed nor are they appropriate for identifying infectious people. A number of scientists have been emphasizing this since the beginning of the pandemic. More recently, a letter to the editor published in the Journal of infection explain why more than half of al “positive” PCR tests are likely to have been people who are not infectious, otherwise known as “false positives.”

This is why the Swedish Public Health agency has a notice on their website explaining how and why polymerase chain reaction (PCR) tests are not useful for determining if someone is infected with COVID or if someone can transmit it to others, and it’s better to use someone who is actually showing symptoms as a judgement call of whether or not they could be infected or free from infection.

PCR tests using a high cycle threshold are extremely sensitive. An article published in the journal Clinical Infectious Diseases found that among positive PCR samples with a cycle count over 35, only 3 percent of the samples showed viral replication. This can be interpreted as, if someone tests positive via PCR when a Ct of 35 or higher is used, the probability that said person is actually infected is less than 3%, and the probability that said result is a false positive is 97 percent. This begs the question, why has Manitoba, Canada, for example, using cycle thresholds of up to 45 to identify “positive” people?

When it comes to golf, the fact that spread occurring in an outdoor setting is highly unlikely could have been a factor, but it’s also important to mention that asymptomatic spread within one’s own household is also considerably rare. It really makes you wonder what’s going on here, doesn’t it?

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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