I went to the bank and asked to borrow a cup of money. They said, ""What for?"" I said, ""I'm going to buy some sugar.""
quote by Steven Wright
Added by Lucian Velea
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Related quotes
Make Me Rich
Purchase purchase buy buy
Purchase purchase buy buy
Purchase purchase buy buy
Purchase purchase buy buy.
Make me rich
(Purchase purchase buy buy)
Make me rich
(Purchase purchase buy buy)
Make me rich
(Purchase purchase buy buy)
Make me rich
(Purchase purchase buy buy)
Make me rich
(Purchase purchase buy buy)
Make me rich
(Purchase purchase buy buy)
Make me rich
(Purchase purchase buy buy)
Make me rich
(Purchase purchase buy buy)
Make me rich
(Purchase purchase buy buy)
'Horns and tambourines'
Make me rich
(Purchase purchase buy buy)
Make me rich
(Purchase purchase buy buy)
Make me rich
(Purchase purchase buy buy)
Make me rich
(Purchase purchase buy buy)
'Congas'
Make me rich
(Purchase purchase buy buy)
Make me rich
(Purchase purchase buy buy)
Make me rich
(Purchase purchase buy buy)
Make me rich
(Purchase purchase buy buy)
' And to the bridge'
Purchase purchase buy buy
Purchase purchase buy buy
[...] Read more
poem by Lawrence S. Pertillar
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Sugar Hill
Writer Dolly Parton
Up on Sugar Hill we'd go walkin'
Hand in hand while the south wind blowed
Bob whites callin', black crows cawkin',
Countin' the warts on a toad in the road
Down in the mill pond swimmin naked
Showin' more than we should have showed
We were just kids explorin' nature
Learnin more than we should have knowed
Sug, Sug, Sug, Sugar Hill memories
Stealing sugar on the mountainside
Sug, Sug, Sug, Sugar Hill sugar
Sweeter than candy and cake and pie
A yellow dress drapin off of my shoulder
Seein' myself in the lookin glass
Older now and a little bit bolder
Thinkin' about our summers past
Up on Sugar Hill we'd go walkin'
Hand in hand up the mountainside
Teenage lovers plannin' and talkin'
Dreamin' of a future for you and I
Sug, Sug, Sug, Sugar Hill memories
Stealin' sugar on the mountain top
Sug, Sug, Sug, Sugar Hill sugar
Sweeter than ice cream and soda pop
Years have past, we're married with children
Our days are happy and our memories fond
We still find it quite appealin'
To go to Sugar Hill and swim naked in the pond
Sug, Sug, Sug, Sugar Hill memories
Stealin' sugar on the mountaintop
Sug, Sug, Sug, Sugar Hill sugar
Sweeter than ice cream and soda pop
Up on Sugar Hill theres a wealth of treasure
Down its memory lane I go walking still
What it means to me is more than I can measure
Golden moments up on Sugar Hill
Up on Sugar Hill with the fireflies glowin
Sound of katydids and the whipperwill
Honeysuckle bloomin and a mountain stream flowin
A little spot of heaven up on Sugar Hill
Up On Sugar Hill with the bobwhites callin
Black crows cawkin', and the soft wind blows
Up on Sugar Hill there are love birds talkin'
Up on Sugar Hill where the good times roll
Sug, Sug, Sug, Sugar Hill memories
Stealin sugar on the mountainside
Sug, Sug, Sug, Sugar Hill sugar
Sweeter than candy and cakes and pies
A little spot of heaven up on Sugar Hill
song performed by Dolly Parton
Added by Lucian Velea
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Goblin Market
MORNING and evening
Maids heard the goblins cry:
"Come buy our orchard fruits,
Come buy, come buy:
Apples and quinces,
Lemons and oranges,
Plump unpecked cherries-
Melons and raspberries,
Bloom-down-cheeked peaches,
Swart-headed mulberries,
Wild free-born cranberries,
Crab-apples, dewberries,
Pine-apples, blackberries,
Apricots, strawberries--
All ripe together
In summer weather--
Morns that pass by,
Fair eves that fly;
Come buy, come buy;
Our grapes fresh from the vine,
Pomegranates full and fine,
Dates and sharp bullaces,
Rare pears and greengages,
Damsons and bilberries,
Taste them and try:
Currants and gooseberries,
Bright-fire-like barberries,
Figs to fill your mouth,
Citrons from the South,
Sweet to tongue and sound to eye,
Come buy, come buy."
Evening by evening
Among the brookside rushes,
Laura bowed her head to hear,
Lizzie veiled her blushes:
Crouching close together
In the cooling weather,
With clasping arms and cautioning lips,
With tingling cheeks and finger-tips.
"Lie close," Laura said,
Pricking up her golden head:
We must not look at goblin men,
We must not buy their fruits:
Who knows upon what soil they fed
Their hungry thirsty roots?"
"Come buy," call the goblins
Hobbling down the glen.
"O! cried Lizzie, Laura, Laura,
You should not peep at goblin men."
[...] Read more
poem by Christina Georgina Rossetti
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Blow Your House Down
She did go
She got my jokes
Sit why we win
Go by the sin
Get high, get quick
Get bopping on a stick
Hollywood
Shake by go
Get barking in sin
Get high with the folks
Get down in the swim
Don't you walk away
I want you baby
How does it feel
When you're meet her in your home
How does it feel
When you feel her, let it go
Bono: "break."
Bono: "turn that guitar up there."
Sugar sugar sugar sugar sugar
Sugar sugar sugar sugar sugar
Sugar sugar sugar sugar sugar
Ah, it ain't over child
Your racing car
Raised by the boldness
You know you are
Your lips like cherries
And they call to me
I wasn't in the bottle
Next to me
I'm down by the call
Maybe the sun
Where nobody feels
They gotta give it and go
She's...gonna take her chances
Gonna take her chances
And you don't
Jump...you're gonna be the tele'
Is there anybody calling
Is anybody home
Anybody home
'body home
Anybody home
Bono: "just drums."
She likes it
Little bit of sky
Locked in the ocean
Bitty bitty sky
On a crutch rate
Country
[...] Read more
song performed by U2
Added by Lucian Velea
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Sugar Love
Orbison/melson
Sugar love
Sugar love, youre my rainbow
When its cloudy and I feel bad
Youre the only sunshine I ever had
Sugar love, sugar love
Hurry up my sugar love
Cheer me up my sugar love
Love it up my lovey-dove
Oh sugar love
Sugar love
Yes, you are the moon and stars
When its raining and I feel blue
Who do I always turn to?
Its you, sugar love, sugar love
Hurry up my sugar love
Cheer me up my sugar love
Love it up my lovey-dove
Oh, sugar love
Sugar love
Yes, you are the moon and stars
When its raining and I feel blue
Who do I always turn to?
Its you, sugar love, sugar love
Every night, fascination
Youre not just temptation
Youre my inspiration
Sugar love, sugar love
Sugar sugar love
song performed by Roy Orbison
Added by Lucian Velea
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Money, Money
My baby gives me the finance blues, tax me to the limit of my revenues.
Here she comes finger-poppin, clickety-click
She says furs or diamonds, you take your pick.
She wants money, what she wants, she wants money, what she wants,
She wants money, what she wants, she wants money, what she wants,
Money money, money money money. money money, money money money.
She say, money, honey, Id rob a bank,
I just load my gun and mosey down to the bank.
Knockin off my neighborhood savings and load,
To keep my sweet chiquita in eau de cologne.
She wants money, what she wants, she wants money, what she wants,
Money money, money money money. money money, money money money.
Mama dont send me down to rob that bank again,
I got a notion that your leadin me to sin.
Wont you relax, wont you lay way back,
Dont you bug your honey bout no cadillac.
Its only bucks, you dont need no jack.
So wont you please relax and lay way back.
My babys lovin gives me such a thrill;
It gives me inspiration makin counterfeit bills.
Now some folks say the best things in life are free,
She wants money, what she wants, she wants money, what she wants,
Money money, money money money. money money, money money money.
Lord made a lady out of adams rib, next thing you know, you got womens lib.
Lovely to look upon, heaven to touch;
Its a real shame that they got to cost so much.
song performed by Grateful Dead
Added by Lucian Velea
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All Day Sucker
Come on up you say
Cause you can feel your love comin down
I find myself rushin over to
Do something for your love
I knock on the door
You answer askin what am I there for
I say I thought you wanted me to
Do something for your love
Im an all day sucker
Coming to give something to get nothin
Im an all day sucker
Coming to give something but to get none of your love
All day sucker for your love
All day sucker cup for your love
All day sucker for your love
All day sucker cup for your love
All day sucker for your love
All day sucker cup for your love
All day sucker for your love
All day sucker cup for your love
You call me up to say
Youre sorry for what went down the other day
And could I come over today
Do something for your love
One knuck gets me in
But then you say how very nice its been
That lets me know that I will once again
Get nothin fom your love
Im an all day sucker
Coming to give something to get nothin
Im an all day sucker
Coming to give something but to get none of your love
All day sucker for your love
All day sucker cup for your love
All day sucker for your love
All day sucker cup for your love
All day sucker for your love
All day sucker cup for your love
All day sucker for your love
All day sucker cup for your love
All day sucker for your love
All day sucker cup for your love
All day sucker for your love
All day sucker cup for your love
All day sucker for your love
All day sucker cup for your love
All day sucker for your love
All day sucker cup for your love
You drop by to say
Youre sorry for what went down the other day
[...] Read more
song performed by Stevie Wonder
Added by Lucian Velea
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Powerless Money – The Hidden Secret
You can buy bed from money but you cannot buy sleep.
You can satisfy your lust from money but cannot buy love.
You can buy corrupts from money but cannot buy honesty.
You can buy cage for birds but cannot buy there cheerfulness.
You can buy schools for kids but cannot buy there playfulness.
You can build house from money but not a home from money.
You can buy paintings of artists but cannot buy there creativity.
You can buy medicines to kill pain but cannot buy feelings that give pain.
You can buy a coffin for a dead body but cannot buy a life for him.
You can buy flesh and meat to eat but cannot buy a life for them.
You can buy the beautiful flowers but cannot buy fragrance of flowers.
You can buy poems of poet but cannot buy emotions of there heart.
You can do many things with money
still you will see that you are helpless.
Life will no more be graceful
and you will see how money is so powerless.
Money is given power by those who want to rule you.
- By those who want to rule your body and mind.
- By those who want to make you dance as a puppet.
- By those who want to sale your talent in market.
And we are doing all this, making money more and more powerful.
And we forget that money is so powerless, may be we are a big fool.
poem by Ramesh Kavdia
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Sugar
Sugar, Sugar
How I wanna be your baby boy
Sugar, Sugar
How I wanna be your play toy
Got no time for every woman
Thinking that shes looking fine
Got no pockets full of money no no no
A fox would just be wasting her time
All I got is good good loving
And good loving doesnt have to find
Hey!
Sugar, Sugar
How I wanna be your baby boy
Sugar, Sugar
How I wanna be your play toy
Get it baby!
Ehhhhhhh
Mmmmmmmmhmmmm yeah
Got no need for fancy places
Got no need for cannon and wine
Got no need to move to the city no no no
Got no need to walk the line
All i need is good home cooking
And some sugar after supper time
Heeyy hey
Sugar, Sugar
How I wanna be your baby boy
Sugar, Sugar
How I wanna be your play toy
Ohh sugar
Ohh sugar
Ooohhhooohhhooohhh sugar
Ohh sugar
Ohh sugar ...
song performed by Stevie Wonder
Added by Lucian Velea
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Sugar Mama
Sugar mama, sugar mama, sugar mama,
Where you been?
Sugar mama, sugar mama, sugar mama,
Where you been?
Sugar mama!
Say you love me sugar mama
Ill never let you go
Sugar mama, sugar mama, sugar mama,
Love you babe
Sugar mama, sugar mama, sugar mama,
Drive me insane
Sugar mama gonna love you all I can
Say you love me sugar mama
Ill never let you go
Say you love me sugar mama
Ill never let you go
Say you love me sugar mama
Ill never let you go
song performed by Led Zeppelin
Added by Lucian Velea
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Thats The Kind Of Sugar Papa Likes
I didnt want you, did not need you
Sure wouldnt mean to kick you down
You know I love you, I really love you
Sure do wish youd come around
But youre the kind of sugar papa likes
And when you do it, it drives me crazy (drives me crazy)
And I dont know if Im up or down
Lost or found with you
You shoulda told me, Im not the only
Man to love you twice
But since I know now, I think Ill go now
And find someone wholl love me right
But youre the kind of sugar papa likes
And when we do it, it drives me crazy (drives me crazy)
And I dont know if Im up or down
Lost or found with you
But youre the kind of sugar papa likes
And when you do it, it drives me crazy (drives me crazy)
Well, I dont know if Im up or down
Lost or found with you
But youre the kind of sugar papa likes
And when you do it, it drives me crazy (drives me crazy)
Well, I dont know if Im up or down
Lost or found with you
Youre the kind of sugar papa likes, with you
Youre the kind of sugar papa likes
Youre the kind of sugar papa likes, it drives me crazy
Youre the kind of sugar papa likes, drives me crazy
Youre the kind of sugar papa likes, yes you, baby
Youre the kind of sugar papa likes, drives me crazy
Youre the kind of sugar papa likes, and youre pretty, baby
Youre the kind of sugar papa likes, drives me crazy
Youre the kind of sugar papa likes, drives me crazy
Youre the kind of sugar papa likes, drives me crazy
Youre the kind of sugar papa likes, drives me crazy
Youre the kind of sugar papa likes, drives me crazy
Youre the kind of sugar papa likes, drives me crazy
Youre the kind of sugar papa likes, drives me crazy
song performed by Kiss
Added by Lucian Velea
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Jumbo
( brother theres a little sale )
( on, er..., on a vest )
( at ha, walmart )
( 9$ )
( yeah )
( 8 something )
( nice little vest, light )
Click [x4]
I need sugar
I need a little water of sugar
I get thoughts about you
And the night wants me like a little lost child
Locked in the safe place
Looking out the window
The dark move fast pass the window
The dark on the other side of the locked door
Click [x3]
My thumbs on a tetris keyring
Moving in brillant timing
You pick up the phone
And Im imagining it out
Click [x4]
Tiny wires in her ears
Sliding through the city
Tiny wires in her ears
Sliding through the city
Click [x8]
( expected early in the morning )
( expected early in the morning )
Rising in the morning to speak to you
Beneath the feet of the city
Click
You disconnect from me
Click
When you come to take your century
Telephone breath between us
The will of the world is between us
Only theses wires
Dust between the wires and green glass
In the distance
I am your tourist
( take you there in the morning )
( take you there in the morning )
( Im not pulling in returning )
( Im not pulling in returning )
( Im not pulling in returning )
( yep Ive searched for this part hang around the same stones )
( hang right there with them )
( well Ive never fished here )
( but Ive caught beaucoup fish in reverend burton )
[...] Read more
song performed by Underworld
Added by Lucian Velea
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Sugar & Honey
(orbison--dees)
Sugar and honey, is what I cry for
Sugar and honey, is what Id die for
And darlin doll you make my life worthwhile
Because I want you sugar and honey.
Sugar and honey, keep me goin
Sugar and honey, I been a-knowin
Well everytime your lovin lips meet mine
You know I want you sugar and honey.
A little bit-a sugar, a whole lotta honey
Its alright sugar and honey mornin noon and night
Give me sugar and honey anytime.
Sugar and honey, is what I live for
Sugar and honey, for the flavor
Every little bitty thing you do
Just makes me love you, sugar and honey.
A little bit-a sugar, a whole lotta honey
Its alright sugar and honey, mornin noon and night
Yeah sugar and honey anytime, ah sugar and honey all the time
I need sugar and honey anytime.
song performed by Roy Orbison
Added by Lucian Velea
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Please Don't Buy His Music
Dark rewrite of Rihanna's Please Don't Stop The Music
Please don't buy his music
Please don't buy his music
Please don't buy his music
Please don't buy his music
Before it's too late
I'm got to take a stand
Confess and rock up this place
I gotta stop his cash from flowing
So that I can help to take his drugs away
My somebody boyfriend has got to go back to being a nobody
Or there's no way that I can stay
Rehab candidate for sure, yeah
Never could have knew
Never thought that he would get so caught up
Start striking out at me and our crew
His dirty little habit is making staying so impossible
Poor baby, I used to find him so incredible
Now if he won't go get some help, help
I won't be stayin'
Oh no, I won't
Don't wanna even get me started
All he ever wants to do is party
Always feelin' up those hos out on the dance floor, actin' naughty
Layin' my love and our romance to waste
Hurts so much watchin' my player play
Later I know he's gonna take his hands to my face
Because I dared to confront him
He thinks he'll teach me my place
I just wanna take his drugs away
Escape back into our music, no more hurtin'
Standin' by and watchin' my player play
I just can't go on like this
I refuse to do it
Somehow gotta stop him from dopin' up
So fans I'm beggin' you
Please don't his, please don't buy his music
I just wanna take his drugs away
Escape back into our music, no more hurtin'
Standin' by and watchin' my player play
I just can't go on like this
I refuse to do it
Somehow gotta stop him from dopin' up
So fans I'm beggin' you
Please don't his, please don't buy his music
[...] Read more
poem by Ramona Thompson
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Somebody Elses Money
We can buy that mansion on the hill
Well fill it up until its filled
Well buy a big black cadillac
And well keep an extra one in the back
Well sit home just listening
To the sounds of the winds when theyre breaking
And we can buy that diamond ring
And just about any other thing
With somebody elses money
We can buy you that flower garden
With every rose thats ever risen
With a blanket and a safety pin
Well keep away all the boogie men
And we can buy you that swing
Swing through the skies openings
And we can buy that diamond ring
And just about any other thing
With somebody elses money
We can tattoo nickels on our skin
Well drain our veins and put honey in
Well buy new fingers two times ten
Well even put pennies in our chins
Well buy a silver set of wings
Lay em on our backs for the winds
And we can buy that diamond ring
And just about any other thing
With somebody elses money
Well crash in on the neighbors wedding
Well steal the cake and go running
Youll head straight for the jewelry
And Ill steal the money like a lottery
Well buy a set of legs just for walking
And another set of tongues for when were small talking
Another set of lips for being obscene
And another set of heads for halloween
And we can buy you that swing
To swing through the skies openings
We can buy that diamond ring
Just about any other thing
With somebody elses money
We can buy babies for the babies
Well give them both big red ponies
Theyll live in that mansion on the hill
That well keep on fillin until its filled
Well watch the neighbors fatten up with greed
Watching us buying everything we dont need
I know theyre listening
Through a telescope from across the street
Watching us fillin up the bathtubs with sweets
Money, money, money
[...] Read more
song performed by Wallflowers
Added by Lucian Velea
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Somebody Elses Money
We can buy that mansion on the hill
Well fill it up until its filled
Well buy a big black cadillac
And well keep an extra one in the back
Well sit home just listening
To the sounds of the winds when theyre breaking
And we can buy that diamond ring
And just about any other thing
With somebody elses money
We can buy you that flower garden
With every rose thats ever risen
With a blanket and a safety pin
Well keep away all the boogie men
And we can buy you that swing
Swing through the skies openings
And we can buy that diamond ring
And just about any other thing
With somebody elses money
We can tattoo nickels on our skin
Well drain our veins and put honey in
Well buy new fingers two times ten
Well even put pennies in our chins
Well buy a silver set of wings
Lay em on our backs for the winds
And we can buy that diamond ring
And just about any other thing
With somebody elses money
Well crash in on the neighbors wedding
Well steal the cake and go running
Youll head straight for the jewelry
And Ill steal the money like a lottery
Well buy a set of legs just for walking
And another set of tongues for when were small talking
Another set of lips for being obscene
And another set of heads for halloween
And we can buy you that swing
To swing through the skies openings
We can buy that diamond ring
Just about any other thing
With somebody elses money
We can buy babies for the babies
Well give them both big red ponies
Theyll live in that mansion on the hill
That well keep on fillin until its filled
Well watch the neighbors fatten up with greed
Watching us buying everything we dont need
I know theyre listening
Through a telescope from across the street
Watching us fillin up the bathtubs with sweets
Money, money, money
[...] Read more
song performed by Wallflowers
Added by Lucian Velea
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Can't Buy Me Love
Can't buy me love... love
Can't buy me love
I'll buy diamond ring my friend
If it makes you feel alright
I'll get you anything my friend
If it makes you feel alright
I don't care too much money
Money can't buy me love
I'll give you what I've got to give
If you say you love me too
I may not have a lot to give
What all I've got I'll give to you
I don't care too much for money
Money can't buy me love
Can't buy me love
Everybody tells me so
Can't buy me love
No, no, no, no, no, no
Say you don't need no diamond ring
And I'll be satisfied
Tell me that you want the kind of things
That money just can't buy(tell me baby)
Cause I don't care too much for money
Money can't buy me love
Oh yeah... oh
No, no, no, no
Money can't buy me love
Can't buy me love
Everybody tells me so
Can't buy me love
No, no, no, no
Say you don't need no diamond ring
And I'll be satisfied
Tell me that you want the kind of things
Money just can't buy(just can't buy)
Cause I don; t care too much for money
Money can't buy love
Can't buy me love... love
Can't buy me love
poem by Jojo Jonna
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Lips Like Sugar
She floats like a swan
Grace on the water
Lips like sugar
Lips like sugar
Just when you think you've caught her
She glides across the water
She calls for you tonight
To share this moonlight
She'll flow down your river
And ask him and she'll give you
Lips like sugar
Sugar kisses
Lips like sugar
Sugar kisses
She knows what she knows
I know what she's thinking
Sugar kisses
Sugar kisses
Just when you think she's yours
She's flown to other shores
To laugh at how you break
To melt into this lake
She'll flow down your river
And ask him and she'll give you
Lips like sugar
Sugar kisses
Lips like sugar
Sugar kisses
She'll be my mirror
Reflect what I am
A loser and a winner
The King of Siam
And my Siamese twin
She knows what I'm thinking
???
She'll flow down your river
And ask him and she'll give you
Lips like sugar
Sugar kisses
Lips like sugar
Sugar kisses
song performed by Coldplay
Added by Lucian Velea
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Spectator ab Extra
As I sat in the Café I said to myself,
They may talk as they please about what they call pelf,
They may sneer as they like about eating and drinking,
But help it I cannot, I cannot help thinking
How pleasant it is to have money, heigh-ho!
How pleasant it is to have money.
I sit at my table en grand seigneur,
And when I have done, throw a crust to the poor;
Not only the pleasure itself of good living,
But also the pleasure of now and then giving:
So pleasant it is to have money, heigh-ho!
So pleasant it is to have money.
They may talk as they please about what they call pelf,
And how one ought never to think of one’s self,
How pleasures of thought surpass eating and drinking—
My pleasure of thought is the pleasure of thinking
How pleasant it is to have money, heigh-ho!
How pleasant it is to have money.
II
Le Diner
Come along, ‘tis the time, ten or more minutes past,
And he who came first had to wait for the last;
The oysters ere this had been in and been out;
Whilst I have been sitting and thinking about
How pleasant it is to have money, heigh-ho!
How pleasant it is to have money.
A clear soup with eggs, voilà tout; of the fish
The filets de sole are a moderate dish
A la Orly, but you’re for the red mullet, you say:
By the gods of good fare, who can question today
How pleasant it is to have money, heigh-ho!
How pleasant it is to have money.
After oysters, sauterne; then sherry; champagne,
Ere one bottle goes, comes another again;
Fly up, thou bold cork, to the ceiling above,
And tell to our ears in the sound that they love
How pleasant it is to have money, heigh-ho!
How pleasant it is to have money.
I’ve the simplest of palates; absurd it may be,
But I almost could dine on a poulet-au-riz,
Fish and soup and omelette and that – but the deuce –
There were to be woodcocks, and not Charlotte Russe!
So pleasant it is to have money, heigh-ho!
[...] Read more
poem by Arthur Hugh Clough
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Death Of The Middle Class
Oligarchs and Banksters tighten financial screws
In a bold attempt to kill the global Middle Class
Heads of State unable/unwilling to halt this ruse
The “Great Depression of 1929” we soon surpass
ROTMS
By Andrew Gavin Marshall - Global Research
We now stand at the edge of the global financial abyss of a ‘Great Global Debt Depression, ’ where nations, mired in extreme debt, are beginning to implement ‘fiscal austerity’ measures to reduce their deficits, which will ultimately result in systematic global social genocide, as the middle classes vanish and the social foundations upon which our nations rest are swept away. How did we get here? Who brought us here? Where is this road leading? These are questions I will briefly attempt to answer.
At the heart of the global political economy is the central banking system. Central banks are responsible for printing a nation’s currency and setting interest rates, thus determining the value of the currency. This should no doubt be the prerogative of a national government, however, central banks are of a particularly deceptive nature, in which while being imbued with governmental authority, they are in fact privately owned by the world’s major global banks, and are thus profit-seeking institutions. How do central banks make a profit? The answer is simple: how do all banks make a profit? Interest on debt. Loans are made, interest rates are set, and profits are made. It is a system of debt, imperial economics at its finest.
In the United States, President Woodrow Wilson signed the Federal Reserve Act in 1913, creating the Federal Reserve System, with the Board located in Washington, appointed by the President, but where true power rested in the 12 regional banks, most notably among them, the Federal Reserve Bank of New York. The regional Fed banks were private banks, owned in shares by the major banks in each region, which elected the board members to represent them, and who would then share power with the Federal Reserve Board in Washington.
In the early 1920s, the Council on Foreign Relations was formed in the United States as the premier foreign policy think tank, dominated by powerful banking interests. In 1930, the Bank for International Settlements (BIS) was created to manage German reparations payments, but it also had another role, which was much less known, but much more significant. It was to act as a “coordinator of the operations of central banks around the world.” Essentially, it is the central bank for the world’s central banks, whose operations are kept ‘strictly confidential.’ As historian Carroll Quigley wrote:
'The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences. The apex of the system was to be the Bank for International Settlements in Basel, Switzerland, a private bank owned and controlled by the world’s central banks which were themselves private corporations.'
In 1954, the Bilderberg Group was formed as a secretive global think tank, comprising intellectual, financial, corporate, political, military and media elites from Western Europe and North America, with prominent bankers such as David Rockefeller, as well as European royalty, such as the Dutch royal family, who are the largest shareholders in Royal Dutch Shell, whose CEO attends every meeting. This group of roughly 130 elites meets every year in secret to discuss and debate global affairs, and to set general goals and undertake broad agendas at various meetings. The group was initially formed to promote European integration. The 1956 meeting discussed European integration and a common currency. In fact, the current Chairman of the Bilderberg Group told European media last year that the euro was debated at the Bilderberg Group.
In 1973, David Rockefeller, Chairman and CEO of Chase Manhattan Bank, Chairman of the Council on Foreign Relations and a member of the Steering Committee of the Blderberg Group, formed the Trilateral Commission with CFR academic Zbigniew Brzezinski. That same year, the oil price shocks created a wealth of oil money, which was discussed at that years Bilderberg meeting 5 months prior to the oil shocks, and the money was funneled through western banks, which loaned it to ‘third world’ nations desperately in need of loans to finance industrialization.
When Jimmy Carter became President in 1977, he appointed over two dozen members of the Trilateral Commission into his cabinet, including himself, and of course, Zbigniew Brzezinski, who was his National Security Adviser. In 1979, Carter appointed David Rockefeller’s former aide and friend, Paul Volcker, who had held various positions at the Federal Reserve Bank of New York and the U.S. Treasury Department, and who also happened to be a member of the Trilateral Commission, as Chairman of the Federal Reserve. When another oil shock took place in 1979, Volcker decided to raise interest rates from 2% in the late 70s, to 18% in the early 80s. The effect this had was that the countries of the developing world suddenly had to pay enormous interest on their loans, and in 1982, Mexico announced it could no longer afford to pay its interest, and it defaulted on its debt, which set off the 1980s debt crisis – collapsing nations in debt across Latin America, Africa and parts of Asia.
It was the IMF and the World Bank came to the ‘assistance’ of the Third World with their ‘structural adjustment programs’, which forced countries seeking assistance to privatize all state owned industries and resources, devalue their currencies, liberalize their economies, dismantle health, education and social services; ultimately resulting in the re-colonization of the ‘Third World’ as Western corporations and banks bought all their assets and resources, and ultimately created the conditions of social genocide, with the spread of mass poverty, and the emergence of corrupt national elites who were subservient to the interests of Western elites. The people in these nations would protest, riot and rebel, and the states would clamp down with the police and military.
In the West, corporations and banks saw rapid, record-breaking profits. This was the era in which the term ‘globalization’ emerged. While profits soared, wages for people in the West did not. Thus, to consume in an economy in which prices were rising, people had to go into debt. This is why this era marked the rise of credit cards fueling consumption, and the middle class became a class based entirely on debt.
In the 1990s, the ‘new world order’ was born, with America ruling the global economy, free trade agreements began integrating regional and global markets for the benefit of global banks and corporations, and speculation dominated the economy.
The global economic crisis arose as a result of decades of global imperialism – known recently as ‘globalization’ – and the reckless growth of– speculation, derivatives and an explosion of debt. As the economic crisis spread, nations of the world, particularly the United States, bailed out the major banks (which should have been made to fail and crumble under their own corruption and greed) , and now the West has essentially privatized profits for the banks, and socialized the risk. In other words, the nations bought the debt from the banks, and now the people have to pay for it. The people, however, are immersed in their own personal debt to such degrees that today, the average Canadian is $39,000 in debt, and students are graduating into a jobless market with tens to hundreds of thousands of dollars of student debt that they will never repay. Hence, we are now faced with a global debt crisis.
To manage the economic crisis, the G20 was established as the major international forum for cooperation among the 20 major economies of the world, including the major developing – or emerging – economies, such as India, Brazil, South Africa and China. At the onset of the financial crisis, China and Russia’s central banks began calling for the establishment of a global currency to replace the U.S. dollar as the world reserve currency. This proposal was backed by the UN and the IMF. It should be noted, however, that the Chinese and Russian central banks cooperate with the Western central banks through the Bank for International Settlements – which the President of the European Central Bank, Jean-Claude Trichet, recently said was the principle forum for “governance of central bank cooperation” and that the G20 is “the prime group for global economic governance.” In 2009, the IMF stated that the BIS “is the central and the oldest focal point for coordination of global governance arrangements.” The President of the European Union, appointed to the position after attending a Bilderberg meeting, declared 2009 as the “first year of global governance.” The 2009 Bilderberg meeting reported on the desire to create a global treasury, or global central bank, to manage the world economy. In 2009, prior to the Bilderberg meeting in fact, the G20 set in motion plans to make the IMF a global central bank of sorts, issuing and even printing its own currency – called Special Drawing Rights (SDRs) – which is valued against a basket of currencies. In May of 2010, the IMF Managing Director stated that “crisis is an opportunity, ” and while Special Drawing Rights are a step in the right direction, ultimately what is needed is “a new global currency issued by a global central bank, with robust governance and institutional features.” Thus, we see the emergence of a process towards the formation of a global central bank and a global currency, totally unaccountable to any nation or people, and totally controlled by global banking interests.
In 2010, Greece was plunged into a debt crisis, a crisis which is now spreading across Europe, to the U.K. and eventually to Japan and the United States. If we look at Greece, we see the nature of the global debt crisis. The debt is owed to major European and American banks. To pay the interest on the debt, Greece had to get a loan from the European Central Bank and the IMF, which forced the country to impose ‘fiscal austerity’ measures as a condition for the loans, pressuring Greece to commit social genocide. Meanwhile, the major banks of America and Europe speculate against the Greek debt, further plunging the country into economic and social crisis. The loan is granted, to pay the interest, yet simply has the effect of adding to the overall debt, as a new loan is new debt. Thus, Greece is caught in the same debt trap that re-colonized the Third World.
At the recent G20 meeting in Toronto, the major nations of the world agreed to impose fiscal austerity – or in other words, commit social genocide – within their nations, in a veritable global structural adjustment program. So now we will see the beginnings of the Great Global Debt Depression, in which major western and global nations cut social spending, create mass unemployment by dismantling health, education, and social services. Further, state infrastructure – such as roads, bridges, airports, ports, railways, prisons, hospitals, electric transmission lines and water – will be privatized, so that global corporations and banks will own the entirely of national assets. Simultaneously, of course, taxes will be raised dramatically to levels never before seen. The BIS said that interest rates should rise at the same time, meaning that interest payments on debt will dramatically increase at both the national and individual level, forcing governments to turn to the IMF for loans – likely in the form of its new global reserve currency – to simply pay the interest, and will thus be absorbing more debt. Simultaneously, of course, the middle class will in effect have its debts called in, and since the middle class exists only as an illusion, the illusion will vanish.
Already, towns, cities, and states across America are resorting to drastic actions to reduce their debts, such as closing fire stations, scaling back trash collection, turning off street lights, ending bus services and public transportation, cutting back on library hours or closing them altogether, school districts cutting down the school day, week or year. Simultaneously, this is occurring with a dramatic increase in the rate of privatizations or “public-private partnerships” in which even libraries are being privatized.
No wonder then, that this month, the Managing Director of the IMF warned that America and Europe, in the midst of the worst jobs crisis since the Great Depression, face an “explosion of social unrest.” Just yesterday, Europe experienced a wave of mass protests and social unrest in opposition to ‘austerity measures’, with a general strike in Spain involving millions of people, and a march on the EU headquarters in Brussels of nearly 100,000 people. As social unrest spreads, governments will likely react – as we saw in the case of the G20 in Toronto – with oppressive police state measures. Here, we see the true relevance of the emergence of ‘Homeland Security States’, designed not to protect people from terrorists, but to protect the powerful from the people.
So while things have never seemed quite so bleak, there is a dim and growing beacon of hope, in what Zbigniew Brzezinski has termed as the greatest threat to elite interests everywhere – the ‘global political awakening’. The global political awakening is representative of the fact that for the first time in all of human history, mankind is politically awakened and stirring, activated and aware, and that generally – as Zbigniew Brzezinski explains – generally is aware of global inequalities, exploitation, and disrespect. This awakening is largely the result of the information revolution – thus revealing the contradictory nature of the globalization project – as while it globalizes power and oppression, so too does it globalize awareness and opposition. This awakening is the greatest threat to entrenched elite interests everywhere. The awakening, while having taken root in the global south – already long subjected to exploitation and devastation – is now stirring in the west, and will grow as the economy crumbles. As the middle classes realize their consumption was an illusion of wealth, they will seek answers and demand true change, not the Wall Street packaged ‘brand-name’ change of Obama Inc., but true, inspired, and empowering change.
In 1967, Martin Luther King delivered a speech in which he spoke out against the Vietnam War and the American empire, and he stated that, “It seems as if we are on the wrong side of a world revolution.” So now it seems to me that the time has come for that to change.
Andrew Gavin Marshall is a Research Associate with the Centre for Research on Globalization (CRG) .
poem by Ray Lucero
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