As the credit crunch bites and a global economic crisis threatens, Robert Peston reveals how the super-rich have made their fortunes, and the rest of us are picking up the bill
Government officials and their family members own most businesses. Equatorial Guinea now has the fourth highest per capita income in the world, after Luxembourg, Bermuda, and Jersey.
A huge proportion of the £370 million revenue is confiscated by the president while most of the 500,000 subjects subsist on less than a dollar a day, sewage runs through the streets of the capital Malabo, and there is no public transport and little drink
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A massive worldwide phenomenon is in progress, offering seeds of great hope for the future.
Millions of individuals, organizations and corporations around the world are waking up and embracing a new outlook with an emphasis on their responsibility to contribute positively to our collective future.
We are in the middle of the biggest social transformation in human history, The SHIFT.
At this critical point, it is imperative we make the masses aware of this global movement quickly. This evolutionary phenomenon is broader and deeper than the most visible SHIFT, the environmental movement. It involves our very understanding of who we are as human beings, and our responsibility to the world and to life itself.
THE SHIFT movie raises awareness to the story of our roles in an evolutionary shift in our collective consciousness.
As it chronicles the faces, the stories and leaders assisting in this social transformation, the film reveals its emergence & meaning.
also see ” Money as Debt ” video – In the US , banks are allowed to lend further 10 percent of the money they lend. Also , as the money lended is freshly created money on which they sometimes make comfortable interests , it will most probably come back into a bank account within the banking system , allowing the bank to lend even more money – as banks in the US have the right to lend 9 times more as the amount of money ( ones and zeros ) they have on their accounts.
Also , as there is interest on money created , to be able to pay off theinterest , ever greater amounts of money need to be created , and therefore lended from private banks , leading to a unlimited system of enslavery to the financial system. All banks need to do to take over on the whole economy , is to stop to process of new money creation through new lending of money , to trigger a endless domino fall of bankrupcies , which then fall into the control of the banks. But even when it is not so , more and more of the population ends up into debts it can not repay , and only the biggest and most powerful corporations and those that have the most money and can use this money to get even more money , can survive. The rest will eventually sink into debt , end up being enslaved into the system , untill , eventually , they loose everything but their skills , and eventually end up into wage slavery , if there is still a job for them : http://en.wikipedia.org/wiki/Wage_slavery
It is time to develop new economics , new priorities for our society !