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Wealthy
No Longer In Charge
Wealthy
No Longer In Charge ...
The Wealthy Are No Longer in Charge
http://www.New-Corporate-World.info/interview.html#WealthyNoLongerInCharge
Rev. Coté: The super-wealthy are no longer in charge
of the money machines that they created. They have set into
motion, forces over which they no longer have
control. Thousands of hot-shot wheelers and
dealers have taken the exploitation system of the
super-wealthy and refined
it, expanded it, and manipulated the economy
with it to the level that the entire system is about to
collapse. Borrowing money has moved from borrowing to
produce goods and services to borrowing to
lend to someone else at a higher interest
rate.
The money manipulators have given
out thousands of questionable loans.
They've borrowed huge sums for high-risk
investments that failed. They've ripped off
billions of dollars ²
and walked away from collapsing
companies. They've engaged in numerous shady and
illegal activities. They've stolen
(manipulated the rules in order to extract)
billions of dollars from corporate retirement
funds. The American financial system has
become so corrupt that
without major changes, the system is about to
self-destruct. And the bottom line is
that these people don't care what happens to the loans they
make.
Question:
What do you mean? Why don't they care?
Rev. Coté: When their
lending practices make a profit, they keep the money. When a
lending scam goes bust, they have their cronies in Washington
²
bail them out
with tax payer money.
Has anybody noticed? The working class always
pays the bills. When a financial crisis comes along, such as we
are in right now, (July 08) where do our so-called leaders look for the financial
solution? Raise taxes. Raise user fees. Reduce
service. Deficit finance. Apply more of the same or the
same thing harder.
There's a limit to the amount that can be
exploited out of the working class. We've reached that
limit. The additional burden is now destroying the working class
and destroying our infrastructure. It's destroying our capacity
to produce goods and services. It's destroying people's capacity to
take care of themselves and their families.
Question:
When you say the infrastructure is being destroyed, what do you mean?
Rev. Coté: Education
and health care are two areas where we are going down hill at warp
speed. Factory cities are being turned into ghost
towns. The destruction of the steel industry is an example of
this. Do you believe the politicians who tell us that our
roads, bridges are in good condition? If you do, then you
probably also believe in the tooth fairy. We are selling most of
our existing infrastructure, such as our harbors, and other major pieces of
real estate to foreign investors.
This Can Be
Changed
...
Question:
Are you suggesting that This
Can Be Changed?
You've taken on an incredible daunting task,
How do you propose to accomplish this?
Rev. Coté:
One step at a time. The process
is actually incredible simple and straight forward. Here's
the next step in four
words: GET OUT OF DEBT!
When corporations actually do this, the consequences
will be phenominal beyond words.² What
corporations will do once they are out of debt will
literally transform the entire planet, that is, if we don't kill ourselves in the mean time by
ignoring Global Climate Change.²
And
if George Bush and Company
²
don't completely destroy the economy before we can stop their reckless
deficit spending.²
Question:
What will happen as a result of your suggested changes?
Rev. Coté:
It will produce a redistribution
of wealth on the planet at a level never seen or even
imagined before.
(Too Good to Be True)²
And in case you have forgotten, money is one of the
world's three main movers and shakers. The
other two are religious beliefs and sex.
You may have to think about this for a moment because
many of the benefits will come through by
indirection. We'll talk more about the
benefits later.
Question:
What does redistributing the wealth mean?
Rev. Coté:
When
billions of dollars are no longer going into the pockets
of the super-wealthy, they will be going to the
Foundations four beneficiaries ²
-- the
employees (including management), the customers, the
environment, and to the remaining stockholders.
As just one example of this, you are
invited to examine what Social Security would have been
if the assets had been used to create an investment
portfolio and not stolen and spent by the
bureaucrats. See the page title: What
Social Security Was Supposed to Be.²
The main difference is that NCW
will have thousands of investment portfolios and not just a single huge
one. It's only a matter of time before NCW's collective
financial power becomes so strong that it transforms the financial world.
Eventually and by peaceful evolution,
the present society which is based upon
the fraudulent manipulation of debt,² competition, and greed will be
replaced by a society based on cooperation, co-creation, and mutual
support. Everyone
will be in the winner's circle. Through
Foundation stock ownership, everyone will get a share of
the corporate benefits. There simply aren't
any losers.
.
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