It ain't COMPLICATED!!
Peter Drucker told us a story, in class, in the 80s, about Walter Wriston, former chairman of Citicorp. Following the "shocks" to the world economy that followed the Commodity and Oil Crises of the Nixon-Era 70s, Wriston, reportedly, came up with the idea that Loans, made to Sovereign States, could never be Defaulted!
So, junior Banking Execs were soon roaming our Planet, with suitcases full of money to "Lend" to Sovereign States. In most places, and, Latin America, in particular , that meant "lending" money to Oligarchic "families" posing as "Governments".
Banks, it turns out, are not like you and me; their world turns to crap when they have Too Much Money! That money must be loaned out to earn more money; or, the Bank is in trouble!.
It didn't take long, for that money to "pile-up" in the hands of the Dictators and Oligarchies; so Wall Street, was soon joined by new Money-Center-Banks, in places like Los Angeles, Chicago, and Miami (newest). Those places became "flooded" with Banks bulging in new "deposits" from afar. Global Poverty soon spiked, as the Dictators, et.al, "dumped" their Debts on the Backs of their Poor Citizens.
You have to realize: MONEY, (always) "GOES TO MONEY"!! It didn't take long for Our Politicians to figure that out, so, with the Blessings of Mad Ronnie, "GREED was GOOD" (again; in Amerika)!!
We're now living in a World Economy that, that kind of Greed leads to.
Fast forward to the Second Chapter, that appeared after 9/11, and shortly after Peter died in 2005; we were devastated by 2008!, courtesy of "Dick and Dubya" and the Rabble that put them in office (aided and abetted by Bush v. Gore). (are u keepin' up?)
There were a belated series of actions taken by various NGOs (No-Good-Organizations?) to "aljust"
World Poverty. So far, there have been no serious efforts to "Catch" those BAD GUYs, who were responsible for 2008. Could it be that there are too many of them? Do they have TOO MUCH MONEY? R they too "Well-connected"? Or, have we created our OWN OLIGARCHIES??
Stay Vigilant! The Poor Suckers who sell and traffic Drugs, either wind up using them, or, wind up DEAD! They almost never wind us RICH! It's easy,however, to see who DOES become RICH! You can whistle, but don't POINT??
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