Top One Percent of the World’s Population Control 39 Percent of the World’s Wealth

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The level of social inequality is rising across the globe. The global financial crisis created an economic conjuncture that makes the rich richer, whilst the poor become poorer. According to the Boston Consulting Group’s Global Wealth Report, the top 1 percent of the world’s population control assets valued at 52.8 trillion USD (1.75 quadrillion Roubles. 40.6 trillion Euros. 34.7 trillion UK Pounds), whilst the total wealth of the world is equal to 135 trillion USD (4.5 quadrillion Roubles. 104 trillion Euros. 89 trillion UK Pounds). In other words, the top 1 percent control 39 percent of the world’s wealth. The ultra-rich, i.e. people with a liquid net worth higher than 5 million USD (165 million Roubles. 3.9 million Euros. 3.3 million UK Pounds), control around a quarter of the world’s private wealth. The wealth of the ultra-rich is likely to increase, despite the economic crisis. The main sources of growth are their investments in financial assets such as stocks and bonds. The world’s central banks are running liquidity injection programmes that increase the prices of stocks and bonds, whilst simultaneously reducing the purchasing power of average citizens through inflation and currency debasement. Ordinary people don’t have significant stock investments, whilst the top 5 percent control more than 60 percent of all individually held shares.

Boston Consulting Group predicted that the “high net worth individuals” would see their wealth grow at 8 percent per year, while those high a net worth above 10 million USD would have their wealth grow by 9.2 percent per year in the next 5 years. The inequality between the rich and the poor would increase because all the central banks and the governments of the developed world design their stimulus programmes to ensure that the wealthy are protected from the economic crisis and that their wealth continues to grow. Given that the developed economies have no organic growth, and that currency debasement acts as a tax on the poor, the ultra-rich are actually benefiting from reducing the wealth available to the poor. Any system designed to promote and strengthen social injustice and inequality will fail, eventually. Usually, economic crises or social unrest brings down such systems.

29 June 2013

Valentin Mândrăşescu

Voice of Russia World Service

http://english.ruvr.ru/2013_06_29/Top-1-of-the-world-s-population-control-39-of-the-world-s-wealth-6996/

Editor’s Note:

What we have under Obama is bad. What we would’ve had under Wet Willy would’ve been worse. The Republicans want to dismantle ALL New Deal programmes, including Social Security. That’s how greedy they are. Here’s the irony… the Republicans in the Southern USA who offer businesses “sweetheart deals” to move there can only do so due to cheap hydropower created by federally funded projects such as the TVA. That is, Free Enterprise is a bloodsucking parasite that can only operate AFTER the government has “primed the pump”. Note well that the righties scream that we can’t allow the big banks to fail… yet, that’s what they scream about with smaller enterprises. In short, it’s a racket. If you work for a living or receive a government cheque and you vote for Republicans, you’re a damned fool, and I say so openly. You’re putting a gun to your own head. Get real and get smart…

BMD 

Advertisement

Russian Government Pledges 20 Million Bucks to Renovate Orthodox Cathedral in France

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Prime Minister Dmitri Medvedev signed a decree to allocate about 20 million USD (657 million Roubles. 15.4 million Euros. 13.2 million UK Pounds) to renovate St Nicholas Orthodox Cathedral in Nice, the largest Russian Orthodox Cathedral outside Russia. The decree, posted on the Russian government’s official website for legal information on Friday, says the government will hand over the building to the Church for “use without charge” when the renovation is complete. Under the decree, Russia will spend about 2 million USD (65.7 million Roubles. 1.54 million Euros. 1.32 million UK Pounds) for repairs this year, 13.5 million USD (445 million Roubles. 10.4 million Euros. 8.9 million UK Pounds) next year and up to 4.5 million USD (148 million Roubles. 3.5 million Euros. 3 million UK Pounds) in 2015. The Russian Orthodox Association of Nice previously owned the building. In early 2010, the Nice Superior Court declared the Russian government to be the rightful owner of the cathedral, built in 1912.

28 June 2013

RIA-Novosti

http://en.ria.ru/russia/20130628/181942680/Russia-Pledges-20M-to-Renovate-Orthodox-Cathedral-in-Nice.html

Editor’s Note:

Let’s keep this in perspective. Twenty million bucks is more money than the OCA central administration could raise in five years… it’s more money than the ROCOR could raise in ten years… and the EP can’t raise that kind of gelt, full stop. In short, the Centre‘s the REAL “First amongst Equals”… this shows it. It puts the Greek rants and boasts in their proper light, doesn’t it? If you want to ride on to the right destination, get on the Centre’s wagon… not on Langley‘s… not on the Western one. It’s time to go home and stop all the phyletist Americanist nonsense. Our place at table IS waiting…

BMD 

 

WARNING! BULLSHIT AHEAD! Monk Jailed, Orthodox Patriarchate Fears “a Huge Scandal”

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A court sentenced an Orthodox monk for causing a fatal accident that left two people dead whilst he was driving a luxury car.  This is only the latest in a series of scandals for the Russian Orthodox Church (sic) {note that this papist harpy then doesn’t detail what scandals there were, natch: editor}. On 26 June, the MP suspended Hieromonk Ilya Syomin from all service, as a court decided the day before to three years in prison for causing an accident on 15 August 2012, killing two people. The priest was driving a Mercedes G-class SUV (which sells in Russia for about 120,000 USD (3.95 million Roubles. 92,000 Euros. 79,000 UK Pounds)), when he lost control of the car and crashed into three construction workers who were working on a site along the Kutuzovsky Prospekt in Moscow. The cops arrested the monk the following day. The judges deemed him guilty of “grave breaches” of the rules of the road, which caused the death of the two men. The Prokuratura requested six years imprisonment for the monk, whilst the Moscow court sentenced him to half. According to the victims’ families, the sentence is “too light”. According to one of the defence lawyers, Lyudmila Aivar, in August, Syomin could submit a request for parole and be out of jail.

Websites and blogs are awash with critical posts, accusing the judges of being unfair and unbalanced; they compare the case of Hieromonk Ilya with that of Pussy Riot. The girls of the feminist punk band who staged an anti-Putin performance in a cathedral in Moscow were sentenced to two years in a labour camp for “hooliganism motivated by religious hatred” and denied conditional bail, even though they are both mothers of young children {this is another error on the part of Ms Achmatova, not a careful journalist, it’d seem. There are THREE members of Pussy Riot, not two. Such factual inaccuracies rob this author of any cred. I post it so that you can see what a down n’ dirty papist organisation is writing: editor}. The religious blogsite door-credo.ru {wrong title… “portal-credo.ru”… what a maroon!: editor}… always very critical of the MP… presents the story as “the latest in a series of similar incidents, a mirror of the Russian clergy’s misconduct, who are always certain to go unpunished”. Just last summer, another priest, Igumen Timofei, caused an accident driving a BMW with diplomatic plates.

The controversy over the luxurious lifestyle and the excesses of the Russian clergy has been on the boil for at least two years, and has even enveloped the Patriarch, who according to some media owns luxury apartments in Moscow and a photo showed that he possessed a watch worth at least 20,000 USD (657,000 Roubles. 15,400 Euros. 13,200 UK Pounds). Anonymous AsiaNews sources within the MP argue, “Sooner or later, scandal of enormous proportions will explode. For now, though, only the intelligentsia are indignant, that part of society that’s informed and realises the gravity of the situation, whilst the rest of the population is still unaware”.

29 June 2013

Nina Achmatova

AsiaNews

http://www.asianews.it/news-en/Monk-jailed,-Orthodox-Patriarchate-fears-a-huge-scandal-28326.html

Editor’s Note:

This proves that the Blunder and his crew of greasy eunuchs in Bolshaya Ordynka are quasi-papists and enemies of Christ’s Church. However, that’s GOOD NEWS. It means that they’re stymied. It many well mean that not only the MP has written off the Blunder, it may mean that the papists have too. After all, Pope Francisco condemns the lifestyles of the oligarch filth that support the Blunder. One comes to this conclusion after reading the last quote beginning with “Sooner or later”. Note how the anonymous source gushes over the so-called intelligentsia, the most out-of-touch segment of Russian society. The intelligentsy are the most clueless bunch in contemporary Russia… they’re the “last hurrah” pro-Westerners left in the Rodina.

Given that Pope Francisco just met with delegations from the EP and the Coptic Church of Alexandria, it’s clear that AsiaNews doesn’t much care for the direction that their pope is going in. Rather, I think that AsiaNews’ rich Western backers don’t like that direction, and the AsiaNews hacks, like all good bought n’ paid-for whores (like Radio Liberty’s Potapov and the John Templeton Foundation’s Dreher) are echoing their paymaster’s party line.

Break out the bubbly… if AsiaNews is upset and can only regurgitate dead stale news, it’s clear that they’re stymied and angry. That’s good for us. It means that Pope Francisco’s serious when he tells Catholic bishops and clergy to eschew a bourgeois lifestyle. That means that’s he a committed leftist… does that mean that Western intelligence agencies may target him? God Himself only knows… and He’s not talking. I’d advise Pope Francisco to have a care… Langley has a history of ops against clerics they don’t like… do remember the case of Ecumenical Patriarch Maximos Vaportzis (Langley replaced him with the American lickspittle Athenagoras Spyrou)…

One last thing… Stokoe, Lyonyo, and Paffhausen all gush over Portal-credo.ru… that phoney doxie Svetlana Vais writes for it… none of them are friends of the Orthosphere, I’d say. Do act accordingly…

BMD

This Just In From the Cabinet:

Dreher no longer works for the Templeton Foundation… he now writes (?) for the National Review AND he’s gone over to ROCOR. Now, he lives in St Francisville LA.

Indeed! That’s Dreher’s fourth move in less than ten years… Brooklyn NY… Dallas TX… Washington DC… and, now, Louisiana. That’s hardly conservative… it’s peripatetic and rootless. That is, Dreher’s an unrepentant “rootless cosmopolite” with no real roots, ergo, he’s got to stop bloviating about the joys of rural life. Where’s he gonna be in five years? The konvertsy slobber over this ignorant and loudmouthed POS. He knows nil about the Orthosphere… and shall learn nothing because of his arrogant and juvenile attitude. Keep your distance from such rubbishy figures. Don’t argue with them…

BMD 

29 June 2013. Oppose the Right-Wing Media With all Your Talents and Powers… It’s Your DUTY Before Almighty God and Before Human Justice

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It’s time to  take action against the rightwing propaganda disguised as “news”. Before the time of Slobberin’ Ronnie, such was forbidden by the Fairness Doctrine. That is, if you gave X amount of time to Side A, you had to give an equivalent amount to Side B. That meant that the moneybags were stymied… they wanted to buy airtime, but if they did, the stations would have to give an equivalent amount of time to their opposition. That kept the worst of the rightwingers off the airwaves. Unfortunately, Slobberin’ Ronnie’s junta cancelled this wise rule in 1987. It led to Rush Limbaugh… to Glenn Beck… to the Moral Majority (neither moral nor a majority)… to Sarah Palin.

Why do white men disproportionately attend to such obviously-lying bullshit? For one, the oligarchs have been able to displace the anger of white men hurt by rightwing voodo-economics policies from the policies (and politicians) that’ve actually hurt them to homosexuals, blacks, Mexicans, and Puerto Ricans who haven’t. It’s easy enough to stir up hate… it’s harder to build consensus. The message is simple and seductive… “You haven’t gotten ahead because of governmental policies favouring women, minorities, and faggots. You don’t owe anything to bloodsuckers”. It’s repeated over and over, in many different guises. It’s why there was a 12 percent difference in the preference of white men and white women in the last election. It doesn’t speak well for the intelligence of white men… much of the lying drivel put out by the righties is obvious rubbish… you should listen to their rants and screams. Any decent person finds it repellent, ugly, and patently-false.

Firstly, we should attend to the dupes in our own ranks. In the car park at the St T‘s Memorial Day Pilgrimage, I’m glad to say that I saw many Obama bumper stickers… and NOT ONE bumper sticker in favour of Wet Willy Romney and the Republican milk snatchers. In short, the REAL Orthodox people oppose the righties. In fact, one of the Cabinet told me that the people who worship with them are all anti-righties. The only people who favour the righties amongst us are many of the converts… what I call konvertsy… and some of the woollier ROCOR anti-commies. If you remember Jordanville prior to 2001, you’ll know that they (and most of the ROCOR First Families) supported the most-questionable Far Right nutters in American politics. You must oppose Victor Potapov… James Paffhausen… John Whiteford… Michael Dahulich… Rod Dreher… Lyonyo Kishkovsky… and all of their fellow travellers.

HH opposes the bourgeois Affluent Effluent… Pope Francisco opposes the bourgeois Affluent Effluent… whom do you wish to follow? Do you wish to follow REAL religious leaders or do you want to follow phonies, many of whom take the US government‘s shilling (don’t forget, Lebedeff defended Jordanville’s taking Langley‘s pieces of silver and Potapov works (or worked) directly for a well-known Langley front-organisation)? There’s one way to take a solid step in the direction of Christ‘s Truth. Don’t attend to the rightwing media in any way, shape, or form. Our Lord Christ is TRUTH… ergo, He has nothing in common with LIES. We know who the Father of Lies is, don’t we? That’s who you listen to when you listen to Rush Limbaugh or any other of the rightwing nutters. Ponder that…

BMD