In the News (YourNewsWire.com): “Wakingtimes reports:
The world’s people are held in perpetual bondage to the fiat currency money masters who have saddled us with absolutely insurmountable debt obligations which are mathematically impossible to repay. At present, the CIA estimates the total global debt to be nearing $90 trillion. …
“The gross world product, the nominal value of planetary human endeavor per year, was recently estimated at $78 trillion, meaning nearly an entire year of the productivity of every man, woman and child on planet earth, some 7.4 billion people, is owed to someone, but who exactly no one really knows for sure. How is this possible? …
“After years of investigative research into the trillions of dollars missing from the U.S. government, former Wall Street banker and former Assistant Secretary of Housing and Federal Housing Commissioner at the United States Department of Housing and Urban Development in the first Bush Administration, Catherine Austin Fitts has come to the conclusion that global debt may very well be owned by off-planet entities who operate planet earth as a real estate investment.
“‘Is earth an open or closed economy? I went to business school, I worked on Wall Street for eleven years, you know I’ve been involved in the economy my whole life and the whole time I was invited to assume that earth was a closed economy. So, if we issued debt, then other humans owned that debt. If we issued stock, other humans owned that stock. But if you look at all the economic experiences I’ve had over my whole life, in government, businesses, everything else, what I will tell you is, you know, if you ask me to describe the economic model on planet earth, I would say, “well planet earth is a real estate investment trust because we’re paying a dividend some place every year, and I don’t know where it’s going. It’s going into that question mark, on the planetary balance sheet.”’
“While she admits that she herself does not have the answer to this rather serious question, the fact that each year a major portion of the world’s productivity evaporates into thin air, with no accountability whatsoever, does indeed beg this question to be asked by any serious economist. Even the government accounting agencies responsible for tracking and recording our expenditures can do nothing to answer the question. The money simply vanishes, the debt grows exponentially, and no one can explain who exactly the beneficiary is.
“‘Let me bring it down to some of the important questions you have to ask if you ask the question, “is this an open or closed economy.” I got great statistics on who would issue debt, but for the life of me I couldn’t get great statistics on who owned it. I don’t know who owns it. I know they control. And they control through the debt because that’s how you control a company in invisible ways, by controlling through the debt. Who owns the debt?…” ~ Catherine Austin Fitts”
My Comment: This global world product is swallowed by global egoism! Moreover, our planet is not a closed system because egoism is universal, yet we haven’t cancelled it and replaced it with altruism. Egoism will continue to swallow our efforts without giving us any answers about income or debt. If we add the efficiency of our efforts and sufferings, etc., the collateral damage, it becomes clear that there isn’t a less productive enterprise than life in an egoistic mode.