Economic crisis
| File:Economic crisis.jpg | |
| Description | Economic crises are pretty regular events, and are depicted as quasi-natural phenomena such as earthquakes or floods, as if everyone loses as a result of such phenomena. However, real wealth is not destroyed, but is transferred from the financially poor to the financially rich. |
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Official narrative
The page title of this financial event used to include dates, as if to indicate that the event is past history. Now the official narrative as explained by Wikipedia states that "the exact scale and timing of the recession, and whether it has ended, is debated and varied from country to country".[1] The event is a fiction in as much as the global economic system is a fiction - i.e. to a significant degree. It is always presented by the commercially-controlled media as an economic or financial event - rather than addressing its more serious real underlying causes, such as peak oil.[2]
Bailouts
- Full article: Bailout
- Full article: Bailout
The event has been used as an excuse for massive looting - referred to as "bailouts". Together with inflation of the money supply, this has been carried out it in many countries simultaneously by the amoral financial elite. The net effect has continue the ongoing trends of wealth concentration among the very few who control the global financial system (referred to colloquially as "the 1%", although "0.01%" would be a more accurate description).[3]
References
- ↑ https://en.wikipedia.org/w/index.php?title=Great_Recession&oldid=698280890
- ↑ http://gifteconomy.org/downloads/AE602%20-%20Understanding%20The%20Financial%20'Crisis'%20(2010-12-25).ppt
- ↑ http://www.truth-out.org/buzzflash/commentary/the-real-threat-to-society-the-01-who-own-nearly-80-percent-of-us-wealth