The Financial Jigsaw – Issue No. 27

My unpublished (100,000 word) book “The Financial Jigsaw”, is being serialised here weekly in 100 Issues by Peter J Underwood, author 

Last week we looked at how governments fund their deficits which are really over-spending: here is the link to last week:  Issue 26 

We will close this Chapter with a look at how governments don’t actually control their world which has been usurped by the bankers and financiers.  There is now doubt, and the evidence is conclusive, that a shadow government has emerged otherwise known as the deep state which is committed to a globalised world of central control.  It is not possible to predict how far the elites will go to achieve their goals but we are all aware of how powerful their plans can be as each day we witness the trends towards a New World Order.  

CHAPTER 5

GOVERNMENT FINANCES 

“Government is not reason, it is not eloquence – it is a force! Like fire, it is a dangerous servant and a fearful master; never for a moment should it be left to irresponsible action.”

George Washington

Emergence of the ‘Deep State’ – a shadow government

A great debate emerged because of an American ‘whistle-blower’ from the US National Security Agency (NSA) who has provided evidence that the American Empire has been collecting massive amounts of data on each and every American citizen and others around the world, listening-in to phone calls, reading emails and other electronic transmissions.

It appears that the US Government has gone well beyond its legal remit, has ridden roughshod over the American Constitution and has certainly stirred the patriotic US citizen who is ever vigilant for his constitutional rights.  Governments around the world seem to have taken extreme measures to limit civil liberties in the wake of the global crisis.

It seems that this event has been a trigger to instil a greater level of fear within these establishments the like of which has never been seen before.  The European Union, the subject of the next Chapter, is not exempt from the peoples’ furore with riots breaking out in many countries within and outside this loose Union of disparate cultures and vastly different tribal heritages.

Furthermore, it has been increasing obvious in recent years that elected governments are no longer solely responsible for policy and law.  The emergence of a ‘shadow government’ has been exposed thanks to the internet reformation and is often referred to as: “The Deep State”.

There’s no precise or scientific definition but it generally refers to agencies, particularly in Washington, that are permanent power factions. They stay and exercise power even as presidents, who are elected, come and go. They typically exercise their power in secret, in the dark, and so they’re barely subject to democratic accountability, if they’re subject to it at all.

It’s agencies like the CIA, the NSA and many other intelligence agencies, that are essentially designed to disseminate disinformation and deceit and propaganda, and have a long history of doing not only that, but also have a long history of the world’s worst war crimes, atrocities and death squads.

Other countries also have their equivalent permanent agencies such as GCHQ in UK and they tend to collude on many international and domestic issues.  This proposition is amply demonstrated by their use of   ‘Economic Hit Men’ and their exploits are brilliantly described in the book: “Confessions of an Economic Hit Man” by John Perkins which describes an account of his career with consulting firm Chas. T. Main in Boston as an economist engaged to generate reports on a country’s infrastructure so that excessive IMF loans may be given to enable corporations to loot the people and their assets.

National governments and their politicians do not control our world.

We have already discovered from our analysis of the global financial jigsaw so far that politicians are not those who wield controlling power on the world stage. Although governments would wish their populations to believe that their democracies exert control through the people, the internet reformation has empowered their citizens, via information highways and knowledge, which hitherto have been kept a secret.

There have been many case studies exposing the true nature of the global power brokers; the following is just an example to illustrate the proposition and identify the true sources of ultimate elite power.

A study of the relationships between 43,000 transnational corporations at the Swiss Federal Institute of Technology in Zurich has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy.

The study’s assumptions have attracted some criticism, but complex systems analysts contacted by New Scientist say it is a unique effort to untangle control in the global economy.  It combines the mathematics long used to model natural systems with comprehensive corporate data to map ownership among the world’s transnational corporations (TNC).

The work revealed a core of 1300 companies with interlocking ownerships. Each of these had ties to two or more other companies and on average they were connected to 20. Although these 20 represented only 20% of global operating revenues, the 1300 appeared to collectively own, through their shares, the majority of the world’s large blue chip and manufacturing corporations in the “real” economy representing a further 60% of global revenues.

Further analysis revealed a small cabal of 147 major corporations, most of them banks or global financial institutions, all interlinked that controlled 40% of the total wealth in the network.  Thus less than 1% of corporations are able to control 40% of the entire global network.  The top 20 included Barclays Bank, JPMorgan Chase & Co, and The Goldman Sachs Group.

As the world learned in 2008, such networks are unstable; according to complexity theory a small perturbation in one part of the network can create a chain reaction much like that of the fission material used in an atomic bomb.

It is important to remember that this concatenation of powerful global entities is unlikely to be the result of a ‘conspiracy to rule the world’ as some would have it. These complex structures are common in nature where newcomers to any network connect preferentially to highly connected members. Thus, TNCs buy shares in each other for business reasons, not for world domination.

But it is worth noting that the fact that shareholdings are interlinked does not necessarily imply control per se although it is clear that politicians are highly influenced by these businesses and the vast resources and funds they control.

The important point to acknowledge is that this unholy connectedness is likely to be unpredictably unstable as we witnessed in 2008. It is for economists and other scientists to figure out ways to minimise the resultant adverse effects, but first of course, they must be accepted it as being a factor in their deliberations in the first place; and perhaps they are, but at present we just don’t know because most of their meetings are held in secret, behind closed doors, never to be exposed to us common folk who they presume would not understand anyway.  Perhaps a fine example of such anal retentive behaviour is that of the bureaucrats running the European Union which we will examine in the next Chapter. 

To be continued next Saturday

Author: Austrian Peter

Peter J. Underwood is a retired international accountant and qualified humanistic counsellor living in Bruton, UK, with his wife, Yvonne. He pursued a career as an entrepreneur and business consultant, having founded several successful businesses in the UK and South Africa His latest Substack blog describes the African concept of Ubuntu - a system of localised community support using a gift economy model.

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November 17, 2018 5:18 pm

As good a blueprint of the “Globalists Deep State” as any…one word missing in my opinion that could clarify their intent at the top of the pyramid is: “Luciferianism”