The Debt Bomb: Not A Greek Tragedy – A World Tragedy!

The Debt Bomb: Not A Greek Tragedy – A World Tragedy!

We, as in all of us, have allowed our world to become ruled by large, all powerful multi national companies, whose sole aim is to create ever larger profits. These companies now have sway over governments and nations. Their objective is often achieved by the old maxim, ‘Divide and Conquer’. Their weapon of choice, DEBT!

Up until The Industrial Revolution, the way to increase an empire was very blatant and often savage: Conquer by force. More recently, particularly since the emergence of The US empire and the reliance on Oil, a far more subtle approach has been in play: Conquer by Dollar!
Step one to gain influence, bribe the head of state. Make him/her indebted to you. Step two if step one fails, bribe an opposition to oppose the head of state. If both these steps fail, step three is to assassinate the head of state and make sure a corruptible replacement is found. If all these steps fail, the final step is to make a case for war, destroy the infrastructure and then rebuild, placing an overwhelming debt on the targeted nation. In any case, the corporate rulers make a profit!
If anybody is in doubt about the reality of these statements, one simply has to look at the recent history of Iraq.
Today we see the gradual submission of Greece to the inevitable leverage of power that a Debt Bomb has created. The will of its people is nothing to the holders of their IOU’s!
Within nations, people are encouraged to take debt at every step of their lives, from loans for college, loans for cars or holidays and ultimately, loans for houses. And leverage is increased as houses magically appear to get more ‘Valuable’ and therefore the amount of debt one needs to buy a home, gets even larger. 25 years of mortgage debt ensures a compliant people. With even more ‘valuable’ homes, as for instance in London where houses reach averages of $1 million per 3 bedroom semi, profit is guaranteed for the corporates for many more years. They introduce ‘generational mortgages’. Children will get born inheriting Debt!
Insightfully, one can say that despite this bleak picture, there will be a slow and often painful realisation by ordinary people, that they do not wish to be controlled and that their freedom is far too valuable to be mortgaged. This anti debt movement begins with small communities who shun the goods and temptations of multi nationals and return to local provision. This is assisted by the gradual take up of self sustaining power supply.
Ironically, the current ruling corporates are actually very vulnerable to people power. As more customers vote for self reliance rather than debt, the global village will see an interesting shift in Power!

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