reply to post by hawkiye
This video was uploaded to YT in 2011. So his belief that it would all end in Summer/Fall was clearly way off.
This is more of the same "I have a belief and I'll make a YT video" and then others thinking "some guy giving his opinion is EVIDENCE and PROOF,
because it's a video!!!!"
A YT video is not evidence of anything other than people know how to make videos. There needs to be far more actual explanation and theory behind
this, not just some guy giving his OPINION.
However, even though I say that, I agree with the end result, we have not changed any of the fundamental problems that actually caused the crisis to
begin with. There has been an ongoing extraction of wealth from communities out to tax havens and bank accounts owned by the wealthiest. This is a
Let me try and break it down and see if I can explain the root cause of this more effectively...
A guy works a small local business. The small business owner just wants to get by in life and live comfortably, and he wants good staff and great
customer service for his guests, so he pays himself $30 an hour, his employees get $15 an hour, and he invests whatever is left of his profits back
into his business.
He and his employee both live down the street, they pay their rent or mortgage to a local person or small bank, they pay their taxes to the local
authorities. They shop in the other small businesses in the street, and that money stays in the community. It's recycled. Those employees of the
small business also live locally and do the same...
Now, imagine a few of those small businesses are replaced by Starbucks, Wal Mart and Costco.
The intention of a corporation is to gain profit at all cost, while the small business owner just wants a nice retirement and to put his kids through
college. Lets say that Starbucks makes $60 in an hour in that new store they just opened. They give their employee $10, and the manager $20, $30 is
immediately funnelled out of the state, out of the country, into a tax haven account. They dodge most of their taxes because they can afford to pay a
good lawyer and the government chooses to settle and get a fraction of their actual tax bill rather than spend millions in court trying to get all of
So the employee who is paid minimum wage then goes down the street and buys his food from Wal Mart (because he's on minimum wage and cant afford to
spend any more than absolutely necessary). He spends his $10 there and Wal Mart again pays minimum wage to their employee and manager and rushes the
rest out of the state, out of the country and into a tax haven.
Imagine this across the nation, every hour of the day, every day of the week, every week of the year... Billions of $'s all flowing out of your
country and into the bank accounts of corporations where they pay less tax than ten small businesses would. All of that money is sucked out of the
local economy on a daily basis.
This has already been going on for decades. It happens with banks, stores, media companies, local governments... every day this is happening there is
less and less money to go around. The only thing that can be done is to continuously print more money, otherwise the flow upward to those leeches
stops. More people need government assistance, which means more taxes on you, which means less spending power, which means more shopping at the corps,
which means more money sucked out, which means... it's an endless cycle.
It is now being exacerbated by the fear of collapse. Those corporations are now putting even less money back into communities than they were before!
They were already leeching money out of every community on the planet, but now they are putting back even less because they fear there'll be nothing
left for them when the collapse does hit.
The ONLY way governments can stop this from happening is to restrict the global markets, encourage small, local business to grow, prevent the ongoing
extraction of wealth from communities. But they won't do that, because the corporations have them by the balls. Every time it seems like governments
might have actually grasped the issue the corporations squeeze their balls a little and threaten them.
We need to break up the massive corporations and stop them from removing wealth from the communities in which they operate. Unless this ongoing
extraction is stopped, nothing will change, it will just get worse and worse.
This is not just about banking, it's about the entire process of capitalism and corporatism and the effect it has on communities around the world.