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Thursday, October 29, 2009

The Elite vs The Consumer

Prof. Michel Chossudovsky spoke in PWTC, Kuala Lumpur on 28th and 29th, Oct 2009;
together with Dr. Mahathir Mohamad and other international Experts.

79 min
-Bankruptcy of the real economy;
-Impacts on employment, wages and social services;
-Towards a spiralling public debt;
-The economic crisis and its relationship to the Middle East war;
-The centralization of corporate power;
-The concentration of wealth;
- America an Totalitarian, Scientific, Oligarchy
- The Military-Industrial-Financial Complex

-The globalization of poverty.
What are the policy alternatives?
Please e-mail this to your friends because in effect:
The Elites & Developed World is Gobbling up the life savings of the Consumers
from the developing countries.
Only a Critical mass of informed citizens can change this situation.
Upto date, after the Bailout of the US Banks, NO Regulation has been instituted.
Which means - a greater recession is being engineered purposely to paralyse
the already badly hit recession economy.
There are No Green Shoots Yet.

Green Shoots are only worthwhile if there is sustainability and regulation in place.
Otherwise The Global Economic System is just a Global Ponzi Scheme.

The Derivatives Exposure of the Hedge Funds is in the 100s of Trillions. - Centre for Research on Globalization

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