40 Percent Of Egyptians Live On 2 Dollars A Day Or Less And The Global Elite Like It That Way

After thousands of years of “progress” and “societal evolution”, how is it possible that most of the world is still living in soul crushing poverty?  In recent days, it has been reported all over the media that 40 percent of Egyptians live on 2 dollars a day or less.  Sadly, there are lots of other countries where even larger percentages of the population live in abject poverty.  So how in the world did this happen?  We can send men into space, we can send electronic communications to the other side of the globe in an instant and we can destroy entire cities with a single bomb and yet we can’t figure out how to set up an economic system that will provide jobs, food and housing for everyone on the planet?  That doesn’t seem right.  That doesn’t seem right at all.


Is something else going on here?  Well, a clue can be found in what is going on in Egypt.  The revolution in Egypt has created a vacuum of power, and look who is ready to step in – the usual suspects.

The head of the International Monetary Fund, Dominique Strauss-Kahn, says that the IMF is prepared and ready to “help” rebuild the Egyptian economy.

Mohamed ElBaradei, who is clearly tied to globalist think tanks in the United States, is being touted as the next “leader” of Egypt in the media.

Oh, and wouldn’t you know it, ElBaradei actually has a book that is almost ready to come out.  Isn’t that convenient?

So how does all of this tie in?

Well, it is simple really.  The global elite install a new puppet that they control (such as ElBaradei), and then they get him to agree to huge new loans from the IMF or the World Bank to “fix” the broken Egyptian economy.

Egypt gets so deep in debt that they can no longer function without even more loans, and that gives the IMF, the World Bank and other globalist institutions an extreme amount of leverage over the Egyptian government.  Suddenly it becomes next to impossible for the government of Egypt to resist what the globalists want them to do.

In a very entertaining manner, the following very short video explains how this game is constantly being played all across the globe….

The global elite want to keep nations very deeply in debt and they want to keep most of the global population trapped in desperate poverty because this gives them control.

The globalists have worked very hard to set up a system that slowly but surely transfers all wealth into their hands.

The wealth that the global elite have already accumulated is absolutely staggering.  According to Forbes magazine, the 69 billionaires from 20 different nations that gathered for the World Economic Forum meetings in Davos, Switzerland this year had a combined total net worth of 427 billion dollars.  That is an amount larger than the GDP of Israel and the GDP of Egypt combined.

There are others among the global elite that are estimated to have fortunes that are worth multiple trillions, but people at that level aren’t too keen on letting people look at their books.

But it isn’t just people on the other side of the world that are kept impoverished.  The goal of the global elite is to also significantly reduce the wealth and power of the middle class in the United States and Europe because they believe right now we still have too much power and we are blocking the implementation of many of their goals.

We are being told that all of this “austerity” that is being implemented right now is for our own good and that the financial crisis is to blame for the decline in our standards of living.

For example, the head of the Bank of England, Mervyn King, says that a decline in the standard of living is the inevitable result of the financial crisis that we have just been through….

“The squeeze on living standards is the inevitable price to pay for the financial crisis and subsequent rebalancing of the world and UK economies.”

So is it “inevitable” that the big financial institutions that caused the financial crisis suffer as well?  No, many of them are paying out record bonuses.

In the new global economy, the game is fixed so that the ultra-wealthy always do better and the standard of living for the rest of us always goes down.

For decades, the massive middle class in the United States was the envy of the world, but now it is slowly being wiped out.

In the United States today, there are 10 percent fewer “middle class jobs” than there were just 10 years ago.  Total wages, median wages, and average wages are all declining.  Over 43 million Americans are now on food stamps.

Meanwhile, it is estimated that Goldman Sachs will end up paying out a total of somewhere around 15 billion dollars in compensation to their employees for 2010.

Isn’t that nice?

Not that it is wrong to make money.  Hard work and industriousness helped build this country.

But the game that the globalists are playing is not about competition and hard work.  Over the decades, the globalists have had so many favorable laws passed and have had so many rules changed that now the game is incredibly rigged in their favor.

The monolithic predator corporations and voraciously greedy financial institutions that now dominate our society make it very difficult for anyone else to compete with them.

The days when the United States was a relatively egalitarian society are over.  Now our society is made up of the ultra-wealthy, those that work for their system and those that the ultra-wealthy consider to be “useless eaters”.

By any measure, the gap between the wealthy and the rest of us is rapidly growing in this country.

According to a joint House and Senate report entitled “Income Inequality and the Great Recession“, the top one percent of income earners in the United States brought in a total of 10.0 percent of all income income in 1980, but by the time 2008 had rolled around that figure had skyrocketed to 21.0 percent.

In a previous article, I detailed some more statistics which show how the middle class is being systematically wiped out….

*According to Harvard Magazine, 66% of the income growth between 2001 and 2007 went to the top 1% of all Americans.

*The bottom 40 percent of income earners in the United States now collectively own less than 1 percent of the nation’s wealth.

*For the first time in U.S. history, banks own a greater share of residential housing net worth in the United States than all individual Americans put together.

*According to Professor Emmanuel Saez of the University of California at Berkeley, the gap between what the top 10 percent of Americans earn per year and what the rest of us earn has been widening sharply for the last 30 years.  His measurements show that the top 10% percent of Americans now take in approximately 50% of the income.

But it is not just in the United States where the gap between the rich and the poor is growing.  This is truly a worldwide phenomenon….

*A study by the World Institute for Development Economics Research discovered that the bottom half of the world population owns approximately 1 percent of all global wealth.

*More than 3 billion people, close to half the world’s population, live on less than 2 dollar a day.

*Average income per person in the poorest countries on the continent of Africa has fallen by one-fourth over the past twenty years.

*Approximately 1 billion people throughout the world go to bed hungry each night.

*Every 3.6 seconds someone starves to death and three-quarters of them are children under the age of 5.

*It is estimated that the entire continent of Africa only owns approximately 1 percent of the total wealth of the world.

*According to the most recent “Global Wealth Report” by Credit Suisse, the wealthiest 0.5% control over 35% of the wealth of the world.

Are you starting to get the picture?

This is all about the ultra-wealthy globalists having it all and the rest of us having next to nothing.

They are more than glad to set up “socialist” governments that will sprinkle a few handouts our way to keep us numb, sedate and working for the system.

Many of these ultra-wealthy globalists have most of their assets well out of the reach of conventional taxation.  In fact, it is now estimated that a third of all the wealth in the world is held in “offshore” tax havens.

So if you think that you can just “tax” these guys and even everything out you are dreaming.  They are playing a whole different ballgame than you and I are playing.

If the IMF, the World Bank and the globalists get their hooks deep into the new Egyptian government, things are not going to be getting better for the Egyptian people.  The “global economic system” is not designed to benefit the average man or woman on the street.

Hopefully the Egyptian people will wake up and realize this.

Hopefully the American people will wake up and realize this.