Before we can determine how to overcome the giant odds, we must first understand. The world consists of four large entities controlled by an incredibly small group of people. These entities control a massive sum of wealth, information, and policy. Understanding who they are and what they control is the key to understanding their power. If we can figure out they true enemy of the people, we can figure out the source of a revolution. The four key entities in our world are Banks, Media, Cooperations, and Governments.
Media is one of the simplest entities to dissect. Most monopoly laws regarding the media have been removed over the past two decades. Currently, six companies control a massive proportion of the media. General Electric is the biggest player. They own dozens of channels and several movie studios. Walt Disney, News Corp., TimeWarner, Viacom, and CBS round out the top six. These six companies control almost all the media you consume—from your local news to you national news to your radio to your newspaper to you magazine.
Next up the banks. The Royal Bank of Scotland controls close to $4 trillion. Deutsche Bank controls close to $3 trillion. BNP Paribas controls $2.5 trillion. Barclays controls $2.4 trillion. HSBC Holdings controls $2.3 trillion. These top five banks control a total of $14.2 trillion. Note here that the world economy in dollars is barely above $60 trillion. That means these five companies alone control about 23% of the world economy. Have you even heard of any of them?
The biggest Cooperations in the world pale in comparison to the banks. Apple recently became the biggest company with a market value of $337 million. Close behind is Exxon Mobile with $330 million. The rest of the top companies look the same. PetroChina. ICBC. Nestle. Microsoft. IBM. Royal Dutch Shell. BHP Billiton. China Mobile. The top companies of the world are mainly oil and electronics.
How does the government fit into this? They spend more than anybody else. The U.S. Federal government currently spends $3.4 trillion each year. Add in the state and local government and you are looking at $6.4 trillion in the U.S.. Japan comes in second with $2.25 trillion. Germany is third with $1.5 trillion. France is fourth with $1.45 trillion. China is fifth with $1.27 trillion. The largest five countries of the world spend $13 trillion a year. This is competitive only with the banks of the world.
By knowing which entities control the money (government, banks, and Cooperations) and which entities control the information (massive media conglomerates), we can find the source of power in the world. As I glance over the list of “Forbes Most Powerful People in The World,” I can’t help but feel like something is missing. Six of the top ten are political leaders. Considering how much money government control—along with the laws—this is understandable. But, based off of the numbers we just learned, shouldn’t banks also be represented on this list?
The four other members on the top of this list make me curious. The Pope is on the list for his cultural control over hundreds of millions of people. Ben Bernanke is on the list because—alongside Obama—he controls a huge portion of the U.S. economy through the Federal Reserve. The final two members of the top ten own Cooperations that make a tiny percentage compared to the banks of the world. Microsoft and Facebook are not even the largest Cooperations in the world. Why are Bill Gates and Mark Zuckerberg so powerful?
More importantly, why do “Power Lists” not dive into the power of the banks? Bank CEOs are not represented until 41 and 43 of the list. 41 is Jamie Dimon of JPMorgan Chase. 43 is Llyod Blankfein of Goldman Sachs. The CEOs of banks appear to be hidden behind a veil to conceal their power. Although their power only rivals with governments, it appears that the rivalry is non-existent. A closer look at TARP shows just how untied Banks ad government are.
Chase receives at least $10 billion from the United States government since The Great Recession started. Wells Fargo receives at least $25 billion from the U.S. government. Citigroup receives at least $45 billion from the U.S. government. Bank of America receives $45 billion from the U.S. government. JPMorgan receives at least $25 billion from the U.S government. Goldman Sachs—despite being the cause of the Great Recession—receives $10 billion from the U.S. Government.
In the end, the money shows us one thing: the Government is in the business of money. By having fewer companies controlling more, it is easier for the government to control these entities. Hearing all of these figures can be a little disorienting. So let me give you the numbers that matter. This world economy that I have explained leads to one thing:
Billionaires in the World: 1,011
Millionaires in the World: 10,000,000
People Living on less than $2/day: 3,250,000,000
No one should support a world economy that sustains numbers like these. I do not care whether the overthrow of the world economy is violent or peaceful. I hardly even care who leads such a revolution. So long as the outcome can change the world so those numbers don’t make me want to cry, I will be fine.
Are you willing to join the revolution?