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This unchecked spending is growing faster than our economy, faster than inflation, and far beyond our means to sustain it.

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Light Is Faster Than Sound

Sound ...
Light is faster than sound
My head to the ground
Mind going round
Faster than sound.
What goes up must come down
World goes around
Sun shines at ground
Faster than sound.
Yeah yeah, faster than sound, yeah
Faster than sound, whoa yeah
Faster than sound, ah ah
'cause life is faster than sound.
Faster than sound.
It's your face yes it is,
It's your face yes it is,
I see your face, yeah
I see your face, yeah
I see your face, yeah faster than sound, yeah
I see your face, yeah faster than sound, alright c'mon c'mon
Oh yeah faster than sound, yeah
Oh oh faster than sound, ah ha
I see your face faster than sound, yeah
I see your face faster than sound, yeah
Oh yeah faster than sound
Oh yeah faster than sound
Oh yeah faster than sound, hey
Faster than sound.
Light is faster than sound
My head to the ground
Mind going round
Faster than sound.
What goes up must come down
World goes around
Sun shines around
Faster than sound.
Whoa!
Faster than sound, yeah
Faster than sound
Alright, alright, alright
Faster than sound
Yeah,
Faster than sound
Faster than sound
Faster than sound, yeah yeah!
Faster than sound, yeah yeah!
Faster than sound!
It's so fast, yes it is
It's so fast, yes it is
Hey, hey

[...] Read more

song performed by Janis JoplinReport problemRelated quotes
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Resistor

You are being taken under our power to your destination
Go!
Everybody, is a part of the whole of the system
Faster, faster, to welcome disaster
Faster, faster, to welcome disaster
Everybody, is a part...
Faster, faster, to welcome disaster
Faster, faster, to welcome disaster
Faster, faster, to welcome disaster
Faster, faster, to welcome disaster
To welcome disaster (repeat - fade)
Everybody
Everybody is a part of the whole of the system
Faster, faster, to welcome disaster
Faster, faster, to welcome disaster
Everybody
Hey! Hey!
Everybody, is a part...
Hey! Hey!
Were all here on this planet
To spend a couple of hundred thousand hours
To find out
Where we came from
Where we go, and what our souls are all about
Go!
Faster, faster, to welcome disaster
Faster, faster, to welcome disaster
Faster, faster, to welcome disaster
Faster, faster, to welcome disaster
Everybody
Hey! Hey! Hey! Hey!
Everybody, is a part...
Hey! Hey! Hey!
Everybody
Everybody, is a part...
Faster, faster, to welcome disaster
Faster, faster, to welcome disaster
Everybody, is a part of the whole of the system
Faster, faster, to welcome disaster
Faster, faster, to welcome disaster

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Resistor

You are being taken under our power to your destination
Go!
Everybody, is a part of the whole of the system
Faster, faster, to welcome disaster
Faster, faster, to welcome disaster
Everybody, is a part...
Faster, faster, to welcome disaster
Faster, faster, to welcome disaster
Faster, faster, to welcome disaster
Faster, faster, to welcome disaster
To welcome disaster (repeat - fade)
Everybody
Everybody is a part of the whole of the system
Faster, faster, to welcome disaster
Faster, faster, to welcome disaster
Everybody
Hey! Hey!
Everybody, is a part...
Hey! Hey!
Were all here on this planet
To spend a couple of hundred thousand hours
To find out
Where we came from
Where we go, and what our souls are all about
Go!
Faster, faster, to welcome disaster
Faster, faster, to welcome disaster
Faster, faster, to welcome disaster
Faster, faster, to welcome disaster
Everybody
Hey! Hey! Hey! Hey!
Everybody, is a part...
Hey! Hey! Hey!
Everybody
Everybody, is a part...
Faster, faster, to welcome disaster
Faster, faster, to welcome disaster
Everybody, is a part of the whole of the system
Faster, faster, to welcome disaster
Faster, faster, to welcome disaster

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Little Honda

Go!
Im gonna wake you up early
Cause Im gonna take a ride with you
Were going down to the honda shop
Ill tell you what were gonna do
Put on a ragged sweatshirt
Ill take you anywhere you want me to
First gear (honda honda) its alright (faster faster)
Second gear (little honda honda) I lean right (faster faster)
Third gear (honda honda) hang on tight (faster faster)
Faster its alright
Its not a big motorcycle
Just a groovy little motorbike
Its more fun that a barrel of monkeys
That two wheel bike
Well ride on out of the town
To any place I know you like
First gear (honda honda) its alright (faster faster)
Second gear (little honda honda) I lean right (faster faster)
Third gear (honda honda) hang on tight (faster faster)
Faster its alright
It climbs the hills like a matchless
Cause my hondas built really light
When I go into the turns
Lean [tilt] with me and hang on tight
I better turn on the lights
So we can ride my honda tonight
First gear (honda honda) its alright (faster faster)
Second gear (little honda honda) I lean right (faster faster)
Third gear (honda honda) hang on tight (faster faster)
Faster its alright
First gear (honda honda) its alright (faster faster)
Second gear (little honda honda) I lean right (faster faster)
Third gear (honda honda) hang on tight (faster faster)
Faster its alright

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Faster Than The Speed Of The Night

(Jim Steinman)
I don't want to let another minute got by
They're slipping tho ough out finger, but we're ready to fly
The night'll be our cover and we'll huddle below
We got the music in our bodies and the radio
And when the mourning arrives it'll all be gone
Disappearing in (to) the crack of dawn
We better make our move now before the sun is awake
It's time to put up or shut up and to pick up the pace
And I don't want to let another minute go by
Love is going to get us while the moon is in the sky
We may be running out of night, but never running out of steam
We're acting on a hunch, and we'll be acting out a dream
There really isn't any time to lose
They're going to catch us if we wait until it gets too light
You're such a pretty boy
Let me show you what to do, and you'll do it
But you gotta move faster
Faster than the speed of night
Faster than the speed of night
Faster than the speed of night
Faster than the speed of night
It's all we ever wanted
And it's all we'll ever need
And it's slipping through our fingers
Faster than the speed of night
Faster than the speed of night
Faster than the speed of night
It's all we ever wanted
And it's all we'll ever need
And it's slipping through our fingers
Faster than the speed of night
Faster than the speed of night
Faster than the speed of night
Faster than the speed of night
Faster than the speed of night
Let me show you how to drive me crazy
Let me show you how to make me feel so good
Let me show you how to take me to the edgeof the stars and then back again
You've gotta show me how to drive you crazy
You've gotta show me all the things you want to happen to you
We've gotta tell each other everything we always wanted someone to do
I don't want to push you now and I don't want to rush
We're getting closer every second now, but close is not enough
The night'll be our cover and we'll huddle below
We got the musicin our fingers and the radio
There really isn't any time to lose
We're going to lose it if we wait until it gets too light
You're such a pretty boy
Let me show you what to do, and you'll do it

[...] Read more

song performed by Bonnie TylerReport problemRelated quotes
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Faster Than The Speed Of Night

(jim steinman)
Producer for bonnie: jim steinman
I dont want to let another minute get by
Theyre slipping through our fingers, but were ready to fly
The nightll be our cover and well huddle below
We got the music in our bodies and the radio
And when the morning arrives itll all be gone
Disappearing in (to) the crack of dawn
We better make our move now before the sun is awake
Its time to put up or shut up and to pick up the pace
And I dont want to let another minute get by
Love is going to get us while the moon is in the sky
We may be running out of night, but never running out of steam
Were acting on a hunch, and well be acting out a dream
There really isnt any time to lose
Theyre going to catch us if we wait until it gets too light
Youre such a pretty boy
Let me show you what to do, and youll do it
But you gotta move faster
Faster than the speed of night
Faster than the speed of night
Faster than the speed of night
Its all we ever wanted
And all well ever need
And its slipping through our fingers
Faster than the speed of night
Faster than the speed of night
Faster than the speed of night
Its all we ever wanted
And all well ever need
And its slipping through our fingers
Faster than the speed of night
Faster than the speed of night
Faster than the speed of night
Faster than the speed of night
Faster than the speed of night
Let me show you how to drive me crazy
Let me show you how to make me feel so good
Let me show you how to take me to the edge of the stars and then back again
Youve gotta show me how to drive you crazy
Youve gotta show me all the things you want to happen to you
Weve gotta tell each other everything we always wanted someone to do
I dont want to push you now and I dont want to rush
Were getting closer every second now, but close is not enough
The nightll be our cover and well huddle below
We got the music in our fingers and the radio
There really isnt any time to lose
Were going to lose it if we wait until it gets too light
Youre such a pretty boy
Let me show you what to do, and youll do it

[...] Read more

song performed by Bonnie TylerReport problemRelated quotes
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Life means more

Life means imagination; the ability to perceive and
dream beyond the absolutely extraordinary,

Life means observation; the magical prowess to imbibe
the maximum out of the stupendously magnificent
surroundings,

Life means seduction; the uncanny desire of being
tantalized every second to the most unprecedented
limits,

Life means devotion; the immortal virtue of being
obsessed with the entity you uninhibitedly cherish and
love,

Life means fascination; the incessant entrenchment
perpetuated by all the mesmerizing beauty wandering on
this planet,

Life means God; Life means perennially unending; Life
means more….

Life means grandiloquent; the royally majestic sights
embedded on the trajectory of this boundless planet,

Life means benevolent; the philanthropic element to
help all those fellow compatriots in inexplicable
misery and tumultuous pain,

Life means turbulent; the vivacious swirl of rampant
thoughts and emotions; that engulf one's countenance
by storm,

Life means fragrant; the profusely redolent aroma;
which emanated from the voluptuous conglomerate of
lotus in the pond,

Life means prudent; the incomprehensible ability of
the human brain to act the most sagaciously in every
situation,

Life means God; Life means perennially unending; Life
means more….

Life means unfathomable; the paradise existing beyond
unprecedented corridors of perception,

[...] Read more

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European Union Austerity Measures Inflicted On Greece

an interesting development...
an online censor clerk,
has learned, an innovative, art
a strategic censorship perk

instead of banning...
problematic whole book,
article, poem, attacking
austerity measures

a strategic strike intriguing...
a crafty innovative hook,
just delete, fine tune, targeting
precisely, paragraph, paragraphs

referencing offending...
sponsorship bankers bank,
austerity, measures, mince meating
Greece, Greek, citizens

a lie shrouded adjustment...
offered by Germany her allies,
austerity, leads to, internal deflation repeat
Greece, will regain, competitiveness

proposed solution a no-brainer neat...
suppose miraculously austerity succeeds,
actually, could deliver, deflation sweet
growth, nominal GDP suppressed, decreases

turns negative burden of debt...
will increase reducing Greek wages,
relative, to Germany, in prime position seat
Greece, has sacrificed made, 'progress':

private-sector wages fell 5.4%...
in the third quarter of 2011,
from, a happier, year earlier 12%
since, peak first quarter, of 2010

leaked European Commission report...
called for nominal wages in business,
economy, to be reduced, by a further 15%
during,2012-2014, exploitation finesse

will Germany accept...
undesired price of inflation,
for stability, political, benefit
of keeping, intact, pet eurozone?

[...] Read more

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Faster and Faster

Faster and faster the whole world appears to be going
and all that we make and do this indication is showing.
Take for example our modes of transport and communication
the emphasis is on greater speed being the general observation.

Where will it all end? is a question some people often ask
and will the end justify the means to accomplish the task?
To get the most things done possible in the minimum time
trying not to forsake good quality which would be a crime.

Faster and faster the whole world appears to be going
and mankind is the instigator of this situation growing.
And how long will all the available natural resources last?
as we use them all up to produce many things so very fast.

Care for the environment is an issue that is of some concern
but how much damage will be done to it before we all learn?
Recycling of re-usable material has quickly gained an acceptable hold
and methods of waste management or disposal have become quite bold.

Faster and faster the whole world appears to be going
and costs involved have out of proportion been blowing.
Although there has been a tendency lately to reduce and minimize the price
as long as making things faster, keeping up with the demand is profitably nice.

‘Time is money’ and the longer something takes to make the greater its cost
with advancements in technology quality over quantity isn’t seen to be lost.
Affordable and appealing to the average buyer is what the market demands
as people go around looking at all the items displayed in shop floor stands.

Faster and faster the whole world appears to be going
and in that direction which hardly anyone is knowing.
Apart from all the reasonable educated theories and speculation
much is left to be desired that requires our utmost consideration.

To find oneself being left behind isn’t what anyone wants to face
thus the effort to move along with the rest in this human rat race.
We all have our individual pride and self esteem to maintain in shape
and going faster and faster toward our destination there is no escape.

Faster and faster we are making this world of ours to go
reflecting the condition of our minds we ought to know.
A person whose mind is working too fast becomes as one mad
can’t we imagine what would happen if everyone gets this bad?

We really need to slow down a bit and take stock of where we find ourselves now
‘cause otherwise the situation might get out of control and force all of us somehow
to have many bitter regrets over what could have been avoided if we had only surely known
as there’s enough evidence from the past to suggest a warning before disaster we’re thrown.

[...] Read more

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Keep On Growing

I was laughing, playing in the streets,
I was unknowing; I didnt know about things.
Then he came along, but never really showed me,
I thought that love could wait.
I was a young girl. I was sure to go astray.
You walked right into my life and told me
Love would find a way, find a way, yeah.
Gotta keep on growing,
Keep on growing, gotta keep on growing.
Yeah, yeah, yeah.
I was standing, looking in the face
Of one who loved me, feeling so ashamed.
Hoping, I pray the lord, that he could understand me,
And I didnt know his name.
He took my hand in his and told me I was wrong.
He said, youre gonna be all right girl,
Oh just as long, just as long...
Gotta keep on growing,
Keep on growing, gotta keep on growing,
Yeah, yeah, yeah.
Baby, someday maybe, who knows where or when, lord,
Just you wait and see. let me hold you,
Together hand in hand, alone forever;
cause I want just you and me.
This time is gonna change it all, I know its true;
Our love is gonna keep on growing
And growings all we gotta do, all we gotta do, yeah.
Oh, got to keep on growing,
Gotta keep on growing, gotta keep on growing.
Yeah, yeah, yeah.
Gotta keep on growing,
Keep on growing, gotta keep on growing.
Yeah, yeah, yeah.
Gotta keep on growing, gotta keep on growing,
Staring, looking in the face of the one that loved me.
Gotta keep on growing,
Gotta keep on growing, gotta keep on growing, oh yeah,
I was a young girl,
You said love will find a way,
Love will find a way.
Gotta keep on growing...

song performed by Sheryl CrowReport problemRelated quotes
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Manifesto

Blues are falling like showers of rain, but I dont feel like crying
Death himself is abroad this day, but I dont feel like dying
I learnt how to sustain myself
I learnt how to sustain myself in storms
The enemy has the biggest tanks, and he sure knows how to use them
Our best, and only, chance, is to thoroughly confuse him
I learnt how to sustain myself in storms
Her tongue was like a scythe and all her bones were haunted
A scapegoat for her life was all she ever wanted
I learnt how to sustain myself in storms
Sir bedivere slept in a field, his armour strewn around him
Curled foetus-like beneath his shield, still weeping when we found him
I learnt how to sustain myself in storms
I teetered on the edge of doom, degenerate and broken
She washed the blood out of my wounds, and spoke the great unspoken
I learnt how to sustain myself in storms
His monstrous ego whipped and driven raged beneath his clothing
The complement he paid was given not with grace but loathing
I learnt how to sustain myself in storms
Deliverance is at the gate with arms and gold in store
He apologises for being late, but I dont need him anymore
I learnt how to sustain myself
I learnt how to sustain myself in storms
Scoured and stripped of all pretence, shorn of all illusion
I offer nothing in my defence, you can draw your own conclusions
I learnt how to sustain myself in storms
(trans. sean miller - sean_miller@mindless.com)

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Improvisation On An Old Song

(The refrain is quoted by Edward Fitzgerald in
one of his letters)

I

Growing, growing, all the glory going;
Flashing out of fire and light, burning to a husk,
All the world's a-dying and failing in the dusk--
_Growing, growing, all the glory going._

Rust is on the door-latch, ashes at the root,
Dry rot in the ridge-pole, canker in the fruit;
_Growing, growing, all the glory going._

Plot, ye subtle statesmen,--a trace of melted wax;
Bind, ye haughty prelates,--a thread of ravelled flax;
_Growing, growing, all the glory going._

March, ye mighty captains,--an eddy in the dust;
Rave, ye furious lovers,--a stain of crimson rust;
_Growing, growing, all the glory going._

Pictures, poems, music--their essential soul,
Idle as dry roses in a silver bowl;
_Growing, growing, all the glory going._

London is a hearsay, Paris but a myth,
Rome a wand of sweet-flag withered to the pith;
_Growing, growing, all the glory going._

Palsy shakes the planets, frost has chilled the sun,
In a crushing silence the All is dead and done.
_Growing, growing, all the glory going._


II

Going, going, all the glory growing,
See it stir and flutter; that is singing, hark!
Singing in the caverns of the primal dark.
_Going, going, all the glory growing._

What is in the making, what immortal plan
Draws to its unfolding? 'Tis the Soul of man.
_Going, going, all the glory growing._

See it mount and hover, singing as it goes,
Battling with the darkness, nourished by its woes;
_Going, going, all the glory growing._

[...] Read more

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Rudyard Kipling

The Ubique

There is a word you often see, pronounce it as you may -
'You bike,' 'you bikwe,' 'ubbikwe' - alludin' to R.A.
It serves 'Orse, Field, an' Garrison as motto for a crest,
An' when you've found out all it means I'll tell you 'alf the rest.

Ubique means the long-range Krupp be'ind the low-range 'ill -
Ubique means you'll pick it up an', while you do stand, still.
Ubique means you've caught the flash an' timed it by the sound.
Ubique means five gunners' 'ash before you've loosed a round.


Ubique means Blue Fuse1, an' make the 'ole to sink the trail. 1extreme range
Ubique means stand up an' take the Mauser's 'alf-mile 'ail.
Ubique means the crazy team not God nor man can 'old.
Ubique means that 'orse's scream which turns your innards cold.


Ubique means 'Bank, 'Olborn, Bank - a penny all the way -
The soothin' jingle-bump-an'-clank from day to peaceful day.
Ubique means 'They've caught De Wet, an' now we sha'n't be long.'
Ubique means 'I much regret, the beggar's going strong!'


Ubique means the tearin' drift where, breech-blocks jammed with mud,
The khaki muzzles duck an' lift across the khaki flood.
Ubique means the dancing plain that changes rocks to Boers.
Ubique means the mirage again an' shellin' all outdoors.


Ubique means 'Entrain at once for Grootdefeatfontein'!
Ubique means 'Off-load your guns' - at midnight in the rain!
Ubique means 'More mounted men. Return all guns to store.'
Ubique means the R.A.M.R. Infantillery Corps!

Ubique means the warnin' grunt the perished linesman knows,
When o'er 'is strung an' sufferin' front the shrapnel sprays 'is foes,
An' as their firin' dies away the 'usky whisper runs
From lips that 'aven't drunk all day: 'The Guns! Thank Gawd, the Guns!'


Extreme, depressed, point-blank or short, end-first or any'ow,
From Colesberg Kop to Quagga's Poort - from Ninety-Nine till now -

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My Humps

(trumpets)
*sighs*
What you gon do with all that junk, all that junk inside your trunk?
Imma get-get-get-get you drunk, get you love drunk off my hump.
My hump my hump, my hump my hump my hump.
My hump my hump my hump. My lovely little lumps.
Check it out
I drive these brothers crazy; I do it on the day
Look, they treat me really nicely; they buy me all these ices:
Dolce and Gabbana, Vinny and Nedonna.
Caring, they be sharing all their money, got me wearing fly
Brother I aint asking, they say they love my ass and
Seven jeans to religion, I say no but they keep giving
So I keep on taking, and no I aint taking,
We can keep on dating, I keep on demonstrating my love.
My love my love my love. You love my lady lumps.
My hump my hump my hump. My humps, they got you
Shes got me spending(ooh)
Spending all your money on me, and spending time on me [x2]
On, on me, on me.
What you gon do with all that junk, all that junk inside that trunk?
Imma get-get-get-get you drunk, get you love drunk off my hump.
What you gon do with all that ass, all that ass inside them jeans?
Imma make-make-make-make you scream, make you scream make you scream!
Cuz of my hump, my hump my hump my hump,
My hump my hump my hump, my lovely lady lumps.
Check it out
I met a girl down at the disco, she said:
Hey, hey-hey yeh lets go. I could be your baby; you could be my honey, lets spend time, not money and:
Mix your milk with my cocoa, puh - milky, milky cocoa, mix your milk with my cocoa, huh - milky, milky right
They say Im really sexy. Them boys, they wanna sex me,
They always standing next to me, always dancing next to me.
Trying to feel my hump, hump, looking at my lump, lump,
You can look but you cant touch it, if you touch it
Imma start some drama, you dont want no drama.
Nono drama, nononono drama.
So dont pull on my hand boy, you aint my man boy
Im just trying to dance boy, and move my hump, my hump,
My hump my hump my hump, my hump my hump my hump,
My hump my hump my hump, my lovely lady lumps,
My lovely lady lumps, my lovely lady lumps,
In the back and in the front, my loving got you
Shes got me spending(ooh)
Spending all your money on me, and spending time on me [x2]
On, on me, on me.
What you gon do with all that junk, all that junk inside that trunk?
Imma get-get-get-get you drunk, get you love drunk off my hump.
What you gon do with all that ass, all that ass inside them jeans?
Imma make-make-make-make you scream, make you scream make you scream!
What you gon do with all that junk, all that junk inside that trunk?

[...] Read more

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Spending My Time

Whats the time?
Seems its already morning.
I see the sky, its so beautiful and blue.
The tvs on but the only thing showing
Is a picture of you.
Oh I get up and make myself some coffee.
I try to read a bit but the storys too thin.
I thank the lord above
Youre not here to see me in this shape Im in.
Spending my time,
Watching the days go by.
Feeling so small,
I stare at the wall,
Hoping that you think of me too.
Im spending my time.
I try to call but I dont know what to tell you.
I leave a kiss on your answering machine.
Oh help me please,
Is there someone who can make me
Wake up from this dream?
Spending my time,
Watching the days go by.
Feeling so small,
I stare at the wall,
Hoping that you are missing me too.
Im spending my time,
Watching the sun go down.
I fall asleep to the sound
Of tears of a clown,
A prayer gone blind.
Im spending my time
My friends keep telling me:
Hey, life will go on,
Time will make sure Ill get over you.
This silly game of love -
You play, you win only to lose.
Im spending my time,
Watching the days go by.
Feeling so small,
I stare at the wall,
Hoping that you think of me too.
Im spending my time.
Im spending my time,
Watching the sun go down.
I fall asleep to the sound
Of tears of a clown,
A prayer gone blind.
Im spending my time.

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Pastime Paradise

Theyve been spending most their lives
Living in a pastime paradise
Theyve been spending most their lives
Living in a pastime paradise
Theyve been wasting most their time
Glorifying days long gone behind
Theyve been wasting most their days
In remembrance of ignorance oldest praise
Tell me who of them will come to be
How many of them are you and me
Dissipation
Race relations
Consolation
Segregation
Dispensation
Isolation
Exploitation
Mutilation
Mutations
Miscreation
Confirmation...to the evils of the world
Theyve been spending most their lives
Living in a future paradise
Theyve been spending most their lives
Living in a future paradise
Theyve been looking in their minds
For the day that sorrows gone from time
They keep telling of the day
When the savior of love will come to stay
Tell me who of them will come to be
How many of them are you and me
Proclamation
Of race relations
Consolation
Integretion
Verification
Of revelations
Acclamation
World salvation
Vibrations
Stimulation
Confirmation...to the peace of the world
Theyve been spending most their lives
Living in a pastime paradise
Theyve been spending most their lives
Living in a pastime paradise
Theyve been spending most their lives
Living in a future paradise
Theyve been spending most their lives
Living in a future paradise

[...] Read more

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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) .

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XI. Guido

You are the Cardinal Acciaiuoli, and you,
Abate Panciatichi—two good Tuscan names:
Acciaiuoli—ah, your ancestor it was
Built the huge battlemented convent-block
Over the little forky flashing Greve
That takes the quick turn at the foot o' the hill
Just as one first sees Florence: oh those days!
'T is Ema, though, the other rivulet,
The one-arched brown brick bridge yawns over,—yes,
Gallop and go five minutes, and you gain
The Roman Gate from where the Ema's bridged:
Kingfishers fly there: how I see the bend
O'erturreted by Certosa which he built,
That Senescal (we styled him) of your House!
I do adjure you, help me, Sirs! My blood
Comes from as far a source: ought it to end
This way, by leakage through their scaffold-planks
Into Rome's sink where her red refuse runs?
Sirs, I beseech you by blood-sympathy,
If there be any vile experiment
In the air,—if this your visit simply prove,
When all's done, just a well-intentioned trick,
That tries for truth truer than truth itself,
By startling up a man, ere break of day,
To tell him he must die at sunset,—pshaw!
That man's a Franceschini; feel his pulse,
Laugh at your folly, and let's all go sleep!
You have my last word,—innocent am I
As Innocent my Pope and murderer,
Innocent as a babe, as Mary's own,
As Mary's self,—I said, say and repeat,—
And why, then, should I die twelve hours hence? I—
Whom, not twelve hours ago, the gaoler bade
Turn to my straw-truss, settle and sleep sound
That I might wake the sooner, promptlier pay
His due of meat-and-drink-indulgence, cross
His palm with fee of the good-hand, beside,
As gallants use who go at large again!
For why? All honest Rome approved my part;
Whoever owned wife, sister, daughter,—nay,
Mistress,—had any shadow of any right
That looks like right, and, all the more resolved,
Held it with tooth and nail,—these manly men
Approved! I being for Rome, Rome was for me.
Then, there's the point reserved, the subterfuge
My lawyers held by, kept for last resource,
Firm should all else,—the impossible fancy!—fail,
And sneaking burgess-spirit win the day.
The knaves! One plea at least would hold,—they laughed,—
One grappling-iron scratch the bottom-rock

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Prince Hohenstiel-Schwangau, Saviour of Society

Epigraph

Υδραν φονεύσας, μυρίων τ᾽ ἄλλων πόνων
διῆλθον ἀγέλας . . .
τὸ λοίσθιον δὲ τόνδ᾽ ἔτλην τάλας πόνον,
. . . δῶμα θριγκῶσαι κακοῖς.

I slew the Hydra, and from labour pass'd
To labour — tribes of labours! Till, at last,
Attempting one more labour, in a trice,
Alack, with ills I crowned the edifice.

You have seen better days, dear? So have I —
And worse too, for they brought no such bud-mouth
As yours to lisp "You wish you knew me!" Well,
Wise men, 't is said, have sometimes wished the same,
And wished and had their trouble for their pains.
Suppose my Œdipus should lurk at last
Under a pork-pie hat and crinoline,
And, latish, pounce on Sphynx in Leicester Square?
Or likelier, what if Sphynx in wise old age,
Grown sick of snapping foolish people's heads,
And jealous for her riddle's proper rede, —
Jealous that the good trick which served the turn
Have justice rendered it, nor class one day
With friend Home's stilts and tongs and medium-ware,—
What if the once redoubted Sphynx, I say,
(Because night draws on, and the sands increase,
And desert-whispers grow a prophecy)
Tell all to Corinth of her own accord.
Bright Corinth, not dull Thebes, for Lais' sake,
Who finds me hardly grey, and likes my nose,
And thinks a man of sixty at the prime?
Good! It shall be! Revealment of myself!
But listen, for we must co-operate;
I don't drink tea: permit me the cigar!
First, how to make the matter plain, of course —
What was the law by which I lived. Let 's see:
Ay, we must take one instant of my life
Spent sitting by your side in this neat room:
Watch well the way I use it, and don't laugh!
Here's paper on the table, pen and ink:
Give me the soiled bit — not the pretty rose!
See! having sat an hour, I'm rested now,
Therefore want work: and spy no better work
For eye and hand and mind that guides them both,
During this instant, than to draw my pen
From blot One — thus — up, up to blot Two — thus —
Which I at last reach, thus, and here's my line
Five inches long and tolerably straight:

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War Means

War Means death
War Means destruction
War Means fire
War Means bombing
War Means sorrow
War Means turmoil
War Means tears
War Means guns
War Means blood
War Means confusion
War Means explosions
War Means mutilation
War Means sickness
War Means killing
War Means occupation
War Means loss
And lots more

But after one side
Or the other side
Has finally had enough
And lays down their arms
To surrender and give up

War Means Peace

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