01.26.14

Gemini version available ♊︎

Systematic Looting of Society Disguised as ‘Crisis’ (for Austerity/Privatisation) and Bogus ‘Charity’ as Solution

Posted in Bill Gates, Finance at 5:17 am by Dr. Roy Schestowitz

Masterminds of financial apartheid can’t fool us anymore

Bill Gates at Davos

Bill Gates at the World Economic Forum Annual Meeting in Davos

Summary: The oligarchs of the world are fighting against personal ownership and living wages, but people of the world are fighting back and awareness of the problem is increasing

SOCIETY is being robbed blind by the likes of Bill Gates, who pretends to give away his wealth while he is actually increasing his wealth through investments he pretends to be “charity”. According to [1], “Last year Gates increased his wealth by $15.8bn and has now once again become the world’s richest man, worth about $78.5bn. [...] Gates has helped us unmask the true interests of the corporate elite.”

Gates has been increasing his wealth for several years in a row, but the corporate press continues to receive his bribes and then describes him as a giver. There is no lack of money in the world. Dozens of trillions of dollars are being hidden by very few people in offshore havens. It’s state-sanctioned looting.

To quote some new statistics of interest from Oxfam (also co-opted by Gates), the world’s 85 richest people as wealthy as poorest half of the world [2-6] (i.e. 85 people have more wealth than 3.5 billion people combined). It’s not an accident, it’s like this by design. It’s a very bad design, and it’s reinforced by those in power — people who strive to continue to crush those at the bottom. Bill Gates invests in companies that are killing people (sometimes literally) and some of them, like Shell, also have former Nazi connections (see the latest [7,8] from a protest site against Shell for example, never mind the genocidal Monsanto, the violent G4S, and many more notorious companies that Gates invests in).

Here in the UK (although it’s not unique to the UK) we are being incited against the poor and the foreign [9], despite the economic realities which say that the real problem is the looters at the very top. Some modernised countries are forced into poverty [10] by corrupt banks [11,12] that fund murderous companies, drug dealers, etc. (only to get away with it time after time). Some banks are now starting to charge for the privilege to take people’s money and lend it out — at high risk — to other people (even if the banks don’t really have this money) [13]. New laws are being passed to better facilitate those who are oppressing in this age of unrest [14,15], protest against the banks are being labeled “low-level terrorism” by the FBI, and Gates himself is investing in companies that crush dissent and protests (like G4S). A lot of people don’t even have the time to study the situation [16], so they happily accept the fiction about crisis and the need to make compromises (like austerity). The super-rich are conspiring to lower our wages [17], driving many of us out of work [18] to making employment scarcity, then pretending to give handouts to the victims [19]. In the UK, whatever is public is being privatised for a profit (creating new super-wealthy barons) [20], and making some wonder whether capitalism still works at all [21].

Fortunately, Bitcoin emerges as a viable contender that even its rivals in the UK embrace [22]. There is a lot of Bitcoin hype these days [23-27]. What’s more, here in the UK cooperatives are rising [28] (employees-owned companies), challenging the systemic tax evaders [29] and a broken economy [30] of financial apartheid [31] (huge gap between rich and poor).

Is there a financial crisis? Yes, the crisis is that there’s looting, and the thieves are getting away with it.

Related/contextual items from the news:

  1. Gates unmasks the real face of Davos

    Last year Gates increased his wealth by $15.8bn and has now once again become the world’s richest man, worth about $78.5bn. He’s not alone – as a whole the world’s millionaires got 11% richer last year. For the rest of us, the decades-long trend of stagnating income continues. In some countries – Greece, Spain and Britain – median household income fell sharply.

    [...]

    This week Gates is portrayed as a dreamy idealist, explaining to Davos seminars how ‘there will be almost no poor countries left in 20 years time’. Presumably this will happen with a lot of charity, but without minimum wages. Certainly Gates’ money will have significantly shaped the form which that ‘development’ will take, not least through the Bill and Melinda Gates Foundation. Forget democratic national projects, the world’s richest many will decide what sort of food you will eat and which corporation will supply your medical needs.

    [...]

    Charities like Oxfam which talked about inequality did some essential work to frame the global context in which Davos takes place. But we need to do more than put these issues on their agenda. The corporate elite represented at Davos cannot be allowed to meet in luxury and pretend they have the answers to the world’s problems. They are the world’s problems. Gates has helped us unmask the true interests of the corporate elite.

  2. Oxfam: 85 richest people as wealthy as poorest half of the world
  3. Oxfam: Richest 1% own nearly half of world’s wealth

    Further, this poorer “bottom half” now has about the same amount of money as the richest 85 people in the world, and the wealthiest grew their share of bounty in 24 out of 26 countries surveyed between 1980 and 2012, the study says. The research was compiled using data from Credit Suisse’s World Wealth report and the Forbes’ billionaires list.

  4. Davos debates income inequality but still invites tax avoiders

    The rich and powerful at the World Economic Forum are not as worried as they should be about the gap between rich and poor

  5. 85 richest people own as much as bottom half of population, report says
  6. The World’s 85 Richest People Are as Wealthy as the Poorest 3 Billion

    The report that everybody’s talking about this morning is Oxfam’s opus on global inequality, which leads with an eye-popping statistic: The richest 85 people in the world own more wealth than the bottom half of the entire global population.

  7. The destabilisation of Royal Dutch Shell gathers pace

    Since then the destabilisation of Royal Dutch Shell has gathered pace with the profits warning that shocked the markets on Friday.

  8. Wake up, Shell, the days of big spending are over

    From what was stated in a Wall Street Article published yesterday, the new Chief Executive is likely to be receptive, as he apparently already had reservations about the “elephant projects” promoted by a previous Shell CEO, Jeroen van der Veer.

  9. HSBC, Citigroup Said to Suspend Traders on Currency Probe
  10. Greek Recession, Unemployment and Expensive Electricity Bills Will Cause DEI to Collapse

    The Public Power Corporation S.A Hellas (DEI) could not escape the tragic reality that the majority of Greek enterprises and households face every day. There is a deficit in DEI’s revenue due to unpaid bills, which reaches the amount of 1.3 billion euros. This amount is increasing every day by 4 million euros.

  11. When Deutsche Bank sneaks out its results on a Sunday night, they can’t be good

    The numbers: Ugly. Deutsche Bank reported a €1.2 billion ($1.6 billion) pre-tax loss for the fourth quarter of 2013. Analysts were expecting a profit of nearly €600 million, according to FactSet estimates. Revenues slipped by 16% versus the prior year.

  12. Those Romanians and Bulgarians

    One achievement of which I am very proud was my part in ensuring that the UK did not place restrictions on the right to free movement of the first EU Eastern European accession wave. The arrival of so many Poles, Czechs, Hungarians, Latvians etc in the UK has been a brilliant social and cultural development and provided some support for an economy wrecked by the reckless greed of bankers.

  13. A Glimpse into the Coming Economic Collapse

    The NDAA allows the suspension of habeas corpus, indefinite detention

  14. Wells fargo now charging for deposits!

    Monday, 1/13/14, I got a notice from my bank, Wells Fargo. It was a notice (see copy below) to inform me of changes with my checking & savings accts with them. Ive attached 2 pic of the letter so you can see. It reads: “Effective April 7, 2014, the fee for deposited U.S. or foreign currency denominated international items, including drafts, will be $5.00 per item.”

  15. Who Has The Time And Motivation to Comprehend The Mess We’re In? Almost Nobody
  16. Post-Production Status Report

    The material involved in our project includes more than 200 hours of footage of Austin and Beccy during their 100 plus day experiment of living on bitcoin. We also have between 50 and 60 interviews which we shot over the course of the project. Additionally, there are several more interviews which we are hoping to get to complete the story.

  17. Utah is Ending Homelessness by Giving People Homes

    Earlier this month, Hawaii State representative Tom Bower (D) began walking the streets of his Waikiki district with a sledgehammer, and smashing shopping carts used by homeless people. “Disgusted” by the city’s chronic homelessness problem, Bower decided to take matters into his own hands — literally. He also took to rousing homeless people if he saw them sleeping at bus stops during the day.

  18. The Techtopus: How Silicon Valley’s most celebrated CEOs conspired to drive down 100,000 tech engineers’ wages

    In early 2005, as demand for Silicon Valley engineers began booming, Apple’s Steve Jobs sealed a secret and illegal pact with Google’s Eric Schmidt to artificially push their workers wages lower by agreeing not to recruit each other’s employees, sharing wage scale information, and punishing violators. On February 27, 2005, Bill Campbell, a member of Apple’s board of directors and senior advisor to Google, emailed Jobs to confirm that Eric Schmidt “got directly involved and firmly stopped all efforts to recruit anyone from Apple.”

  19. Judge the Royal Mail sale in three months, said Vince Cable. Time’s up

    Today’s share price confirms the company was grossly undervalued, cheating the taxpayer out of billions of pounds

  20. RT Interview: Richard Wolff on 90th Anniversary of Lenin’s Death
  21. Police to ask home secretary to approve use of water cannon across country

    Police chiefs say water cannon are needed because ‘austerity measures are likely to lead to continued protest’

  22. Global unemployment rises above 200 million

    Official worldwide unemployment climbed to more than 200 million for the first time last year, according to the International Labour Organization (ILO), a UN agency, underscoring the deepening impact of the global economic crisis that erupted in 2008.

    In its annual “Global Employment Trends” report, issued today, the ILO said an estimated 201.8 million people were jobless in 2013, up by nearly 5 million in one year. This is a new high, exceeding 2009’s record of 198 million.

  23. eBay UK to allow Bitcoin sales in ‘virtual currency’ category
  24. Bitcoin Centre NYC Launches Open Source ATM Software

    A New York City institution for promoting bitcoin has released proprietary hardware and software that enables developers to create and operate inexpensive bitcoin automatic teller machines.

    The Bitcoin Centre NYC, an educational institution for promoting awareness of cryptocurrencies, and its strategic partners released the hardware and software, in a move to open source every aspect of a working bitcoin ATM.

  25. New software tools help developers create Bitcoin-friendly Android apps

    More Android apps may soon have built-in support for Bitcoin payments thanks to a new partnership between Coinbase and BitMonet.

  26. Why Bitcoin Matters

    A mysterious new technology emerges, seemingly out of nowhere, but actually the result of two decades of intense research and development by nearly anonymous researchers.

    [...]

    One can hardly accuse Bitcoin of being an uncovered topic, yet the gulf between what the press and many regular people believe Bitcoin is, and what a growing critical mass of technologists believe Bitcoin is, remains enormous. In this post, I will explain why Bitcoin has so many Silicon Valley programmers and entrepreneurs all lathered up, and what I think Bitcoin’s future potential is.

    First, Bitcoin at its most fundamental level is a breakthrough in computer science – one that builds on 20 years of research into cryptographic currency, and 40 years of research in cryptography, by thousands of researchers around the world.

  27. The Toy-Hungry Multimillionaire Market That’s Completely Underserved

    In 2010 and 2011, a lot of geeks acquired something called bitcoin. It’s a novel form of currency that breaks all the rules you know and redefines currency as we know it. In 2011, this currency was worth mid-single digits per “coin”. Today, one such coin is worth upwards of a thousand US dollars, and newly-minted millionaire geeks are hungry for toys – but almost nobody’s selling.

  28. US tech firms make eleventh-hour attempt to halt tax avoidance reforms

    Lobbyists representing leading US technology companies urge thinktank advising G20 not to close international tax loopholes

  29. Uprising Radio Interview: Richard Wolff Reinterprets Conventional Economic Analysis for the 99%
  30. Economic Prosperity and Economic Democracy: The Worker Co-Op Solution

    By establishing democracy inside the enterprise, WSDEs make government responsible and accountable to the people as workers. Political democracy remains merely formal when governments’ direct dependence on people as voting citizens is not matched by governments’ direct dependence on people – in large part the same people – as workers. Real political democracy requires its integrated partnership with economic democracy as envisioned in economies where WSDEs prevail. Traditional socialisms’ over-emphases on macro-level differences from capitalism (substituting state-regulated or state-owned for private property and state planning for market exchanges) would be radically corrected by the micro-level transformation of enterprise organization from capitalist to WSDE.

  31. New, privatized African city heralds climate apartheid

    It’s a sight to behold. Just off Lagos, Nigeria’s coast, an artificial island is emerging from the sea. A foundation, built of sand dredged from the ocean floor, stretches over ten kilometres. Promotional videos depict what is to come: a city of soaring buildings, housing for 250,000 people, and a central boulevard to match Paris’ Champs-Élysées and New York’s Fifth Avenue. Privately constructed, it will also be privately administered and supplied with electricity, water, mass transit, sewage and security. It is the “future Hong Kong of Africa,” anticipates Nigeria’s World Bank director.

Share in other sites/networks: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • Reddit
  • email

Decor ᶃ Gemini Space

Below is a Web proxy. We recommend getting a Gemini client/browser.

Black/white/grey bullet button This post is also available in Gemini over at this address (requires a Gemini client/browser to open).

Decor ✐ Cross-references

Black/white/grey bullet button Pages that cross-reference this one, if any exist, are listed below or will be listed below over time.

Decor ▢ Respond and Discuss

Black/white/grey bullet button If you liked this post, consider subscribing to the RSS feed or join us now at the IRC channels.

DecorWhat Else is New


  1. Links 26/05/2022: KStars 3.5.9 and Chrome 103 Beta

    Links for the day



  2. Links 26/05/2022: AlmaLinux OS 9.0, MooseX::Extended for Perl Introduced

    Links for the day



  3. Links 26/05/2022: Kernel Events and Systemd-Free GNU/Linux Distributions

    Links for the day



  4. Links 26/05/2022: DuckDuckGo Increasingly Exposed as Microsoft Proxy

    Links for the day



  5. EPO Celebrates Software Patents Again, Dubbing Them 'Hey Hi' (AI) and '4IR'

    The ludicrous state of the EPO is demonstrated by yesterday’s puff piece about “four million” (merely requests for monopoly in Europe; most come from outside Europe) and L’Oréal, which claims to have “invented” something that was already done in the 1990s if not the 1980s



  6. [Meme] EPO's Monkey Business: Lowering the Patent Examination Bar

    As we shall show in a moment, EPO President António Campinos has lowered the quality of patents and applications; sooner or later he might outsource the job to ‘livestock’



  7. IRC Proceedings: Wednesday, May 25, 2022

    IRC logs for Wednesday, May 25, 2022



  8. Heads of Patent Offices Are Immune to Coronavirus

    The overconfident chiefs of the U.S. Patent and Trademark Office (USPTO) and EPO might love speaking about COVID-19 (in relation to patents), but they do not take it seriously themselves



  9. Links 26/05/2022: Plex Finally on GNU/Linux

    Links for the day



  10. The General Consultative Committee of the EPO Exposes a Disaster and a Lack of Genuine Dialogue

    The General Consultative Committee (GCC) at the EPO deals with unlawful proposals from António Campinos (he’s happy to violate laws, constitutions, protocols, conventions, just like Benoît Battistelli did) and once again the abuses by managers is covered up; it’s as if the Office is run by unaccountable gangsters who arrogantly curse at everyone whilst insisting they’re the nicest people ever



  11. The Latest Letter to Josef Kratochvìl and the Heads of Delegation of the Administrative Council of the European Patent Organisation

    A week-old letter from the Central Staff Committee (CSC) to the Administrative Council of the European Patent Organisation highlights the nature of a crisis; there's no genuine dialogue and staff of the EPO (i.e. the scientists who do all the actual work) is constantly under attack



  12. [Meme] The Recordings Must Have Accidentally Been Lost While Breaking the Rules

    The EPO‘s “nicest” chief, Monopoly Tony, won’t even mention the recordings…



  13. Links 25/05/2022: ‘V Rising’ on GNU/Linux and Pearl Linux OS 11

    Links for the day



  14. Links 25/05/2022: Librem Tries Another Approach

    Links for the day



  15. IRC Proceedings: Tuesday, May 24, 2022

    IRC logs for Tuesday, May 24, 2022



  16. Links 24/05/2022: nginx-1.22.0 and WordPress 6.0

    Links for the day



  17. [Meme] Divine Protection

    You won’t find Monopoly Tony (António Campinos) wearing a mask at the EPO because the rules of the Office do not apply to him



  18. António Campinos and the Alicante Clique (EPO Management, Appointed Based on Nepotism Despite Lack of Qualifications) Nowadays Exploiting Kids for PR Charades

    The sick old habit of exploiting kids for Public Relations (PR) and marketing purposes is all too common at the EPO (they’re constantly exploiting “the children” to associate criticism of the EPO with demeaning the young and innocent), but the management — which enjoys nepotism and immunity rather than relevant skills — carries on today and it’s being called “inaugural”



  19. [Meme] Snake on a Plane

    The EPO‘s President ‘Monopoly Tony’ (António Campinos), whom you never see wearing a mask (none of the photo ops; he does not even socially distance himself from peers, he wears sneakers instead of masks) during the height of a pandemic, is the "f***ing president"; don’t tell him to wear one…



  20. Microsoft GitHub Exposé — Part XX — Entering Phase II

    We're about to resume the long-running series about the sick clique which ran GitHub until the assault on women became too much of a liability (among other wrongdoings and PR blunders)



  21. Links 24/05/2022: Fedora 37 Test Days and Tor Browser 11.0.13

    Links for the day



  22. Microsoft Vidal, as USPTO Director, Already Plays 'Political Cards' to Disguise and Deflect Away From the Corporate Agenda

    Microsoft Vidal, another corporate pawn in charge of the world’s most dangerous patent system, is using soft-spoken defle



  23. Links 24/05/2022: WAL-G 2.0

    Links for the day



  24. IRC Proceedings: Monday, May 23, 2022

    IRC logs for Monday, May 23, 2022



  25. Unethical Advertising, Published as So-called 'Articles', in CNX Software

    As we noted earlier this year, the CNX team is looking for money in the wrong places



  26. Links 23/05/2022: Broadcom to Buy VMware?

    Links for the day



  27. LibreOffice Conference 2022, As Before, Puts the Keynotes on Sale (the Rich Buy Influence, the Price Doubles)

    Discrimination against the community; talks and mentions are based on money, not merit ($2000 has become $4000 in just one year)



  28. Links 23/05/2022: Kdenlive 22.04.1 and New Alpine Linux Released

    Links for the day



  29. António Campinos Promotes Software Patents Using Buzzwords and Sketchy Loopholes With Dubious Legal Basis

    ‘Monopoly Tony’ (António Campinos) is shamelessly manipulating EPO processes at both ends (sender and receiver) to facilitate the illegal granting of invalid European software patents; we’re meant to think this former EU official and imposter (banker) is some guru in the sciences because he reads a lousy speech crafted for him with lots of meaningless buzzwords peppered all over it (he’s not good at reading it, either)



  30. [Meme] Jorgotta Be Kidding Us, Campinos!

    Monopoly Tony (António Campinos) runs the EPO by attacking the very legal basis of the EPO’s existence


RSS 64x64RSS Feed: subscribe to the RSS feed for regular updates

Home iconSite Wiki: You can improve this site by helping the extension of the site's content

Home iconSite Home: Background about the site and some key features in the front page

Chat iconIRC Channel: Come and chat with us in real time

Recent Posts