61 - The Global Power Elite.
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Peter Phillips speaks about his new book "Giants: The Global Power Elite" at the 2018 9/11 Truth Film Festival from Oakland, California, held on September 11, 2018.
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thanks for all your support for this
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important work and I just want to give a
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personal shout out to Ken Jenkins who
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has been devoted this devoted to this
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year after year after year I've known
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Peter Philips for over 20 years and he
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is a skeptical intellectual and boy do
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we need more of those around here he's
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professor of political sociology at
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Sonoma State University going back to
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1994 he directed Project Censored from
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96 all the way till 2010 and was
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president of the media Freedom
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Foundation from 2003 to 2007 teen he's
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been editor or co-editor of 14 editions
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of censored co-editor with Dennis lieu
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of impeach the president
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the case against Bush and Cheney 2006
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editor of two editions a progressive
01:06
guide to alternative media and activism
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1999 2004 co-host of the weekly Project
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Censored show on KPFA and 40 stations
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across the country co-hosting with
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Mickey Huff from 2010 until 2017 he
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teaches courses in political sociology
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sociology of power sociological media
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sociology of conspiracies and
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investigative sociology
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he's winner of the firecracker
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alternative book award in 1997 for best
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political book the Penn's censorship
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award 2008 the Dallas Smith award from
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the Union for Democratic communications
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in 2009 and the Pilar Human Rights Award
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from the National associations of
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whistleblowers 2014 he lives in a
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redwood forest near bodega California
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with his wife Mary Leah and his new book
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is Giants the global power elite it's
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available from seven stories press and I
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believe it's for sale in the lobby
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will you please welcome Peter Phillips
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we know the official stories
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[Applause]
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there we go
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welcome to the sociological world of the
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global power elite this is the book we
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present that shows how transnational
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elites
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interact as a class of people and
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function as managers of global capital
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we identify over 300 power elites as the
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key managers of concentrated capital
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these people are the power elite core of
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the transnational capitalist class they
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generally know each other often
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personally and do business together they
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hold significant personal wealth share
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similar educational and lifestyle
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backgrounds and retain common global
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interests nearly all serve on the boards
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of directors of the major capital
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investment firms or other major
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corporations and banks they meet and
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non-governmental policy organizations
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form new ones as needs arise and
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privately make decisions that government
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security forces and world institutions
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implement Jeff Bezos is listed by
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Bloomberg's as the world's richest
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person currently worth 160 billion
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dollars he's a founder CEO of Amazon
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owner The Washington Post a Princeton
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University graduate right behind besos
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is Bill Gates at 96 billion co-founder
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of Microsoft graduate of Harvard class
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of 75 next there's Warren Buffett
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Berkshire Hathaway these are three
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richest people in the world gates and
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Buffett make major philanthropic
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donations to charities of their choice
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all receive significant attention from
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the corporate media however while
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individually wealthy and capable a
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significant influence on the world scene
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they are not individually part of the
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global power elite listed in this book
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they are very big trees in a forest of
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power and the sociology of this is that
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elites are networks of power
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institutionally connected that exercise
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collective influence and power in the
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world through transnational
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is a shion's they manage and facilitate
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concentrated global capital at an
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international level so after many after
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2001 many of us begin to question the
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veracity of the 9/11 Commission report
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early on Project Censored report on the
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many contradictions in the government's
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official report in 2006 we published a
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research study on how US leadership was
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dominated by neoconservative group of
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people centered on the in the project
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for the new American Century these
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people in the US were the ones who
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shared a glow goal of obtaining US
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military power worldwide this global
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dominance group in cooperation with the
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military contractors in the government
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became a powerful force in world
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military unilateral unilateralism and
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u.s. political process David Gray riff
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ins in his new book 9/11 unmasked it
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contributes to that in that tradition
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and I just reviewed that this last week
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at the time though and over this period
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what we failed to acknowledge was the
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expanding power of the global power
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elites the transnational consolidation
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of global capital 9/11 was a landmark
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year for this transition that allowed
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accelerated centralization of investment
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capital on a global scale central for
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the idea globalized power elite is the
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concept of the transnational capitalist
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class theorized in academic literature
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for some 20 years giants reviews the
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transition from the nation-state power
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elites described by Searight Mills in
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1956 to a transnational power elite
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centralized on the control of global
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capital in the world today the global
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power elite function as a
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non-governmental network of similarly
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educated wealthy people with common
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interests of managing facilitating and
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protecting concentrated global wealth
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and ensuring the continued growth of
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capital in giants of global power elite
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we follow in the tradition of Searight
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mills book his power league from 1956
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like Mel's we seek to raise the
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awareness of power networks affecting
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our lives in the state of society in the
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world mills describe the power lead as
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those who decide whatever is decided a
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major consequence 62 years later power
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elites have globalized and built
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institutions that facilitate the
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preservation and protection of capital
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investments everywhere in the world
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capitalist powers exist around the world
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the globalization of trade and capital
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brings the world elites into an
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increasingly interconnected
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relationships to the point that scholars
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over the past few decades have begun to
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theorize the development of the
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transnational capitalist class in one of
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the early works 18 years ago the
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transnational capitalist class by Leslie
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Sklar from the London School of
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Economics and political science
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he argued that globalization at elevated
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transnational corporations to more
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influential international roles
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the result is nation-states actually
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become less significant than
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international agreements developed
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through the World Trade Organization and
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other international institutions
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emerging from these multinational
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corporations is a transnational
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capitalist class whose loyalties and
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interests while still rooted in their
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corporations are increasingly
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international in scope our effort was to
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identify the most important networks of
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the global power elite in the book we
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named over 300 individuals with a core
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of the policy planning non-governmental
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networks that managed facilitate and
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protect the continued concentration of
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global capital the global power elites
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are the activist core of the
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transnational capitalist class they
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serve the function of providing
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ideological justification for their
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shared interests and establishing
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actions for implementation by
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nation-states and transnational
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government organizations deep inside the
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transnational class is what David wofe
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COFF calls the super class in his 2008
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book super class at global power elite
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in the world they are making Wroclaw who
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worked for Kissinger for many years
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argued that the
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per class constitutes six to seven
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thousand people or one one thousand
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percent of the world population they are
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the Davos attending jet flying mega
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corporation interlock policy building
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elites of the world people at the
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highest peak of global power
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they are 92 percent white male
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predominantly from North and America and
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Europe Roth claims of these people are
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the ones setting the agenda at the g7
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the g20 NATO the World Bank and the WTO
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they they are from the highest levels of
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finance capital transnational
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corporations the government the military
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academy national nongovernmental
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organizations spiritual leaders and even
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elites inside the national security
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organizations William Carroll's book the
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making of the transnational capital
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class came out in 2010 focuses on the
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consolidation of transnational corporate
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policy networks between 1996 and 2016
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according to this analysis the average
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number of members on corporate boards
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had dropped from 20 to 14 in this
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10-year period furthermore financial
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organizations were increasingly the
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center of these networks Carroll argues
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that elites at the center of these
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networks benefit from extensive ties to
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each other providing both a structural
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capacity and class consciousness
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necessary for effective political
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solidarity the University of California
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Santa Barbara sociologist William I
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Robinson wrote the introduction to
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giants the global power Ely he writes
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that we are living through times of dire
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global crisis social polarization and
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world and and worldwide has reached
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unprecedented levels these figures
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compiled by the International
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Development Agency Oxfam are now
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well-known the richest 1% in of humanity
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in 2017 controls half of the world's
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wealth and 20 percent control
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ninety-five percent in 2004 Robinson
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wrote in his book a theory of global
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capitalism
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production class in the state and
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transnational world and he said that
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five hundred years of capitalism had led
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to a global shift in which all human
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activity was transformed into capital in
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this view the world has become a single
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market which privatized all social
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relationships
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Robinson's book global capitalism and
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the crisis of humanity helps us
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understand how the concentration of
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wealth is causing world crisis Robinson
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claims the world faces an unprecedented
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crisis of social inequality
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environmental deregulation global
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violence economic destabilization and he
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says the whole world system has
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centralized and over accumulated capital
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to the point that investment
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opportunities are limited there are only
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three mechanisms for investing excess
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capital risky financial speculation that
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led to the 2008 subprime mortgage crisis
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wars and war preparation and the
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privatization of public resources
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worldwide in our research we identify
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the people on the boards of directors of
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the top 17 asset management companies in
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the world these firms have an any excess
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of one trillion dollars that they manage
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now think about a trillion a trillion is
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a thousand billions so these seventeen
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giants collectively have 199 people on
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their boards this group of 199
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individuals represents the central
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financial core of the world's
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transnational capitalist class in 2017
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they collectively manage 40 1.1 trillion
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dollars and they operated in there
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nearly every country in the world
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they are the central decision makers
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regarding the financial capital that
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powers a global economic system Western
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governments international policy bodies
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work in the interests of this financial
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core to protect the free flow of capital
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investment anywhere in the world and the
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continuing returns needed from from
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capital growth
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these financial Giants represent the
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interests of several hundred thousand
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millionaires and billionaires who
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compromised the richest people in the
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top 1% of the world's hierarchy the top
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asset management company in the world is
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black rock with five point four trillion
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in 27 teams based in New York City and
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now operates it with over 6 trillion in
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2018
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second is Vanguard based in Valley Forge
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Pennsylvania as management and four
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point three trillion dollars of 2017 now
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over five trillion and 2018 next is JP
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Morgan Chase valued with worth of over
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3.8 trillion dollars under management
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Allianz which owns pemko here in the u.s
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three point three trillion dollars in
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assets under management based in Munich
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Germany pemko is the number-one major
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bond investor in the u.s. ubs 2.8
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trillion under management in 2017 based
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in switzerland the rest of them are the
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17 Giants of the Bank of America at 2.5
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trillion Barclays at 2.5 statestreet at
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2.4 fidelity investment FMR at 2.1 Bank
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of New York Mellon at 1.7 AXA at 1.5 in
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Paris
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Goldman Sachs at 1.4 Credit Suisse 1.3
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morgan stanley and a moon critical
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critical from france these are the top
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17 asset management companies in the
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world collectively they have 199
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directors and they're managing 41 point
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one trillion dollars of wealth and that
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was 2017 as closer to 50 trillion this
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year the
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asset management firms invest in each
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other making this network a solid core
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of interconnected companies with shared
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interest worldwide JP Morgan and 14
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other trillion dollar Giants are
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invested directly in Blackrock the 17
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Giants collectively invested over 400
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billion in each other and that's just
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what Nasdaq short us that was that's not
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completely there all of their
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investments capital concentration is
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continuing an accelerated rate in 2017
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during the course of writing this book
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three asset management firms acquired
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giant status by having more than one
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trillion dollars of investment capital
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that's the ones in green new new Giants
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are pns Barba's from France Northern
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Trust from the US and Wilmington
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Management Company from the US we also
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looked at the next nine near giants that
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had over 800 billion that's the orange
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ones there
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most of the new Giants had or cross
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invested with all the 17 major Giants
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the concentrated wealth of all of this
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network of twenty five twenty five firms
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exceeds 50 trillion dollars in 2018 it's
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important to note that most of the
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Giants our near Giants are heavily
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invested in Silicon Valley technology
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companies like Apple Microsoft alphabet
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and Facebook take the lead with hundreds
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of billions of dollars they're exciting
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news for capitalism and the recent was a
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recent achievement of the trillion
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dollar value of both Amazon Apple making
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them the first corporation became such a
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lofty status driving the engine of
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global wealth concentration the giants
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transnational are the giants of
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transnational management firms in the
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case of Amazon the top investment
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management firms are Vanguard at 56
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billion Blackrock at 49 billion FMR
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thirty three billion capital at thirty
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three billion statestreet at twenty nine
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billion to the point that the Giants
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hold 56 58 percent of Amazon shares so
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that's pushing Bezos you know making him
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richer but they're enriching themselves
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as
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goes along certainly some investment
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collaboration between these companies
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can be inferred the fact that the
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seventeen giants are hardly highly
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interconnected and inner invested is
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very clear this penetration of financial
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investment creates a vast consolidation
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a centralized global capital with a
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clear commonality of interest promoting
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collective growth and you know and
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however growth isn't always good our
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seventeen Giants are invested with over
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fifty five billion dollars in coca-cola
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coke is a major contributor to obesity
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type 2 diabetes and tooth decay more
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than ten sugar spoons of teaspoons of
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sugar and every single bottle of coke
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some 184 thousand deaths annually a link
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to drinking Coke or similar sugary
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beverages coca-cola is a world largest
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soft drink company it released 110
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billion single-use plastic bottles in
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the environment in 2017 only a tiny
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fraction of those bottles will ever be
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recycled and it takes 450 years for a
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plastic coke bottle of degrade in the
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environment the world's total wealth is
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close as estimated to be at close to 255
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trillion with the US and Europe holding
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approximately 2/3 of that total
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meanwhile 80 percent of the world's
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people live on less than $10 a day the
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poorest half of the population lives on
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less than 250 a day and more than 1.1
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billion live on only a dollar 25 a day
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795 million people in the planet are
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suffering from chronic hunger
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according to UN World Food Programme
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each year poor nutrition kills 3.1
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million children under the age of 5 25
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to 30 thousand people a day die from
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starvation and malnutrition it's a
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slaughter worldwide
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well I get there I don't have a solution
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per se and get rid of that this
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slaughter is occurring around the world
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and as 10 million people are dying
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chronic hunger is mostly a problem of
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distribution as one-third of all food
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produced in the world is wasted and lost
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the 9/11 wars continue to wreak havoc
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chaos and death on the Middle East
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Africa and other regions in 2017 there
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were more than 65 million people
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displaced as refugees fleeing war or
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famine these the wars are not just a
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result of military adventurism and
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political conflicts but are motivated
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both by propagandize ideological fears
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and mainly the desire for profit of
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military investments permanent war on
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terrorism is good for business and
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capital investment war becomes an
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institutionalized mechanism for
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continued elite capital concentration
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and growth for many the ultimate crisis
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of humanity is short of global nuclear
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war is environmental degradation
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religious scholar David Ray Griffin asks
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in his book unprecedented can
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civilizations survive the co2 crisis
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since pre-industrial times the
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temperature has risen one point four
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degrees Fahrenheit causing significant
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changes in the world's weather the
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Giants are heavily invested in the in in
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the 100 companies that are the source of
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70% of the world's greenhouse gas
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emissions there there is at least a ten
22:20
year lag between co2 admissions and
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temperature changes so even if co2
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emissions are drastically cut now will
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continue to see rising temperatures for
22:30
decades ahead these rising temperatures
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will lead to increasingly severe weather
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events extreme storms record-breaking
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heat and cold floods tidal surges and
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fires high death rates and financial
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losses
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these disruptions and sorties will lead
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to climate Wars and civil unrest all of
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this will in the near future if left
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unchecked result in ecosystem collapse
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and massive extinction of life on Earth
22:58
now the global power elite identified in
23:01
this book
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are the central capitalists money
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managers each year they accumulate
23:07
greater concentration of wealth and are
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embedded an unrequested quest for more
23:12
the most important concern for the power
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elite is protecting capital investment
23:17
ensuring debt collection and building
23:19
opportunities for future returns if
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protecting the environment is profitable
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then gree investments are acceptable
23:26
what we remains unacceptable is a
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spending of money on people the
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environment and services do not benefit
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capitalism and give them a return this
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lack of concern for human betterment
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intended or not is the core
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contradiction of the transnational
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capitalist class and the true crisis of
23:45
capitalism revising this madness is a
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duty of all humanitarian oriented people
23:53
we believe that naming the global power
23:56
elite
23:57
we can't encourage enough of them to
23:59
recognize their humanitarian impulses
24:02
whereby they will collect whereby they
24:05
will collectively under intense pressure
24:07
from social movements encourage an
24:10
organizer reshaping of our global
24:11
economy and face the reality of
24:14
environmental crisis in Giants we
24:18
identify the hundred ninety nine people
24:20
on the board of directors of the 17
24:22
asset management companies these 199
24:26
represent the financial core global
24:28
capitalism they are the decision-makers
24:31
regarding the financial capital that
24:33
powers the global economic system
24:35
Western governments and international
24:38
policy bodies work in the interests of
24:40
this power elite financial core to
24:43
protect the free flow of capital
24:45
investment and debt collection
24:46
everywhere in the world so so just who
24:49
are these people we're going to look at
24:52
a few Jamie Dimon he's a CEO JP of
24:56
JPMorgan Chase he's
24:58
the Federal Reserve Bank of New York is
25:00
in the World Economic Forum the Council
25:02
of Foreign Relations he's a trustee at
25:04
the New York University of School of
25:06
Medicine which is we can find him in all
25:08
these places so he's not too hard to
25:10
find
25:10
he went to Tufts University Harvard
25:12
Business School MBA his net worth today
25:14
is 1.3 billion he gets a twenty seven
25:19
point five million from JPMorgan Chase
25:20
and he has one point three billion worth
25:23
of JPMorgan stock Lloyd Blank fine he's
25:29
CEO of Goldman Sachs is also the group
25:32
in the Dean's Council of of the Harvard
25:35
University he's on the World Economic
25:37
Forum the Council of Foreign Relations
25:39
he has a BA and a JD from Harvard his
25:42
net worth as 1.1 billion Sachs
25:46
compensates him 20 million in 2016
25:49
he just has recently announced his
25:51
retirement as CEO of Goldman Sachs
25:56
they'll just replace it with somebody
25:58
else it'll be the same you know Larry
26:01
Fink Lawrence Fink CEO of Blackrock
26:04
PN PNC Financial Group's they'll trade
26:08
people on their boards because PNC is
26:10
highly invested in Blackrock he's on the
26:12
New York Stock Exchange on the council
26:14
Foreign Relations the Business
26:16
Roundtable is a trustee at New York
26:18
University the Museum of Modern Art he
26:20
goes to the World Economic Forum and the
26:22
International Council he's the director
26:24
of the foreign he's on the Council of
26:26
Foreign Relations as a director he's the
26:28
BA MBA from UCLA and he was awarded the
26:32
CEO of the decade by financial news and
26:35
he's worth about four hundred ninety
26:36
three million dollars Erskine Bowles
26:40
he's the lead director of Morgan Stanley
26:44
he's on the board a Facebook Norfolk
26:47
Southern all right let me let me just do
26:54
this all right you got to know these
26:55
people it's real it's really important
26:58
and I lists all 200 I ask you to read
27:00
all 200 BIOS in the book because when
27:03
you do that there's a qualitative
27:04
interpretation that gets into your mind
27:06
you go okay I get it who these people
27:08
are and they are interconnected he was
27:11
on the SN
27:12
to the United Nations he was chief of
27:14
staff for the president he's married to
27:17
Crandall Bowles and there's this is the
27:19
only married couple in this top 200
27:22
she's director of JPMorgan Chase she's
27:25
on Sara Lee's board the World Economic
27:27
Forum and their net worth together is
27:31
approximately 60 million that was in
27:34
1999 so it's probably three times that
27:38
Rueben Jeffrey's director Barclays CEO
27:42
of Rockefeller Center National Security
27:45
Council Council of Foreign Relations
27:46
World Economic Forum he has Goldman
27:49
stock goldman sachs talk worth 80
27:51
million the Barclays pays them one
27:54
hundred fifty seven thousand to be on
27:56
their board a lot of people are on
27:59
multiple boards and that's their source
28:00
of income Dom besom oil from Zambia
28:03
she's a director of Barclays Bank she's
28:06
also on the Barrick Gold Corporation
28:07
she's on Chevron Corporation she goes to
28:10
World Economic Forum built her berg
28:12
group she graduated from Saint Anthony's
28:14
College Oxford and her compensations are
28:17
multiple you know one two hundred
28:20
thousand one hundred fifty thousand from
28:22
Barclays so she's on multiple boards and
28:25
making over a million just to be on
28:26
boards of directors
28:28
so these 199 directors are a very select
28:32
set of people they all know each other
28:34
personally or know of each other these
28:37
power elites are of the 17 will
28:39
centralized asset management firms in
28:40
the world they represent the central
28:42
core of global capital these are the
28:44
power elite managers for 2017 but these
28:47
people can retire or pass away and other
28:50
people will move into their position
28:52
making an overall structure of a
28:54
self-perpetuating network of global
28:56
capital control the global giant
28:59
corporate board on a regular they meet
29:01
on a regular basis to maximize their
29:03
profits they are responsible for any
29:06
illegal activities by their firms JP
29:09
Morgan Chase you UBS Barclays on 13
29:12
other of the Giants were all implicated
29:14
in the LIBOR scandal that falsified data
29:17
using to create the benchmark rates
29:18
going back to 2003
29:20
this means that interest rates on auto
29:24
home student loans credit cards more
29:26
and commercial loans were all
29:28
manipulated and we all paid for that the
29:31
Financial Services Agency Great Britain
29:33
find Barclays 450 million US and
29:36
European regulatory agencies and charged
29:40
JP Morgan Chase and other Citigroup
29:44
hundreds of millions of dollars Deutsche
29:46
deutsche bank a 2.5 billion dollars in
29:48
fines so they all pay fines but to them
29:51
it's just a cost of doing business
29:53
nobody goes to jail in 2015
29:57
Citibank JP Morgan Chase Barclays Royal
30:00
Bank of Scotland dollars in fines the US
30:04
Justice Department and other regulators
30:06
for manipulating the global currency
30:09
exchange markets now we don't claim that
30:12
any single person identified in the
30:14
study has done anything illegal
30:16
we only point out that the institutional
30:19
and structural arrangements within the
30:21
money management system of global
30:23
capital relentlessly seek ways to
30:25
achieve maximum return on investment and
30:27
that conditions of manipulation are
30:30
always present these hundred ninety nine
30:39
men is the top 17 firms they have very
30:41
similar backgrounds and training they
30:44
all attended elite colleges 28 attended
30:46
Harvard and Stanford people from 20
30:49
nations make up the financial core and
30:51
they're spread around between 60% from
30:54
us but Britain France and and a dozen
30:56
other countries around around the world
30:58
most of the financial core take active
31:01
part in policy groups and governments
31:04
financial quarter directors are adviser
31:06
to the World Bank and the World Bank
31:10
voting power is based on how much money
31:12
you put in so the government the United
31:15
States has a 15.8 voting share Japan is
31:18
second then China then Germany so the
31:21
more money you have in the bank the more
31:22
you get to have power to say things
31:25
International Monetary Fund is similar
31:27
it's a primary purpose is to ensure the
31:30
stability of the international monetary
31:31
system bank members have voting power
31:34
related to their country's economic
31:35
standing the g20
31:40
the international forum for governments
31:41
and central bank governors from the 20
31:44
most strongest in economies in the world
31:50
the g7 is the 7 wealthiest advanced
31:53
countries Canada France Germany Italy
31:56
Japan UK the u.s. they kicked rush out
32:00
there used to be the GA the kicked rush
32:01
out but China is wealthier than in all
32:05
those countries or most of them and it's
32:07
excluded because I am a fan the other
32:09
global capitalist institutions do not
32:11
consider China an advanced country due
32:14
to its low net worth per adult the World
32:20
Trade Organization is intergovernmental
32:22
organization that regulates
32:23
international trade WTO sad governance
32:27
favors our economically the most
32:29
powerful countries the International
32:33
Bank of settlements these are all
32:35
transnational state organizations so
32:37
they govern worldwide is an
32:40
international financial institution
32:42
owned by the central banks in sixty
32:44
countries to foster international
32:46
monetary and fiscal cooperation it's
32:49
important to note that all these four
32:51
named international organizations are
32:54
controlled by government and
32:55
governmental institutions offering the
32:58
strongest voting rights to economically
33:00
most powerful countries global power
33:03
elites also set up their own
33:05
nongovernmental organizations to discuss
33:07
global economic policies and give
33:10
instructions and recommendations to the
33:12
WTO IMF in a World Bank and others most
33:16
global economic League managers attend
33:19
the World Economic Forum in Davos this
33:23
forum is not a formal policymaking body
33:27
it serves as an educational consensus
33:30
building function for thousands of
33:32
transnational capitalist elites through
33:35
exclusive discussion in meetings 1000
33:38
global corporations with 5 billion
33:40
dollars more in income paid $25,000 per
33:44
person to attend they can send up to 5
33:46
people as long as one of them is a woman
33:49
three thousand people attend the 2008
33:52
Economic Forum and Bob
33:53
and the snows in January 5,000 feet
33:56
level they were mostly from the leading
33:59
corporations of the world several
34:00
hundred were from civil society and
34:03
we're government ministers or heads of
34:05
state companies are allowed to bring up
34:07
to five people one view of the World
34:10
Economic Forum is that it's similar to
34:12
the annual summer encampment of the San
34:14
Francisco Bohemian Club both advance
34:17
host thousands of elites exclusively men
34:20
at the Bohemian Club up in Sonoma County
34:22
both events hosts these people they here
34:25
selected keynote panels from famous
34:28
important individuals on the major socio
34:30
economic topics of the day there's time
34:33
for discussion and meet and greet as
34:35
offered to both settings however neither
34:39
event makes formal policy
34:40
recommendations or set specific agendas
34:43
for global governments or consideration
34:46
another transnational group is the built
34:49
a bird group meetings take place
34:52
annually in June at various exclusive
34:54
resorts around the world built a Berg
34:56
meetings were attended by about a
34:58
hundred and fifty people annually
35:00
founded in 1954 the meetings were
35:03
designed to foster dialogue between
35:05
Europe and North America after World War
35:07
two the built a group website thanks to
35:10
the profes says thanks to the private
35:13
nature the meetings participants are not
35:14
bound by the conventions of their office
35:16
by prearranged position as such they can
35:19
like take time to listen reflect and
35:22
gather insights there are no detailed
35:25
agenda no resolutions are passed no
35:29
votes taken and no policy issues issued
35:32
the 2016 Bilderberger group held a
35:36
Dresden Germany topics on the agenda
35:37
were China Europe migration growth in
35:39
Middle East Russia US political
35:42
landscape debt cybersecurity the
35:45
geopolitics of energy commodity prices
35:48
the precariat or the declining middle
35:50
class and was recently noted that Dom
35:53
besom Oya who I introduced you to
35:55
earlier attended the 2018 Bilderberger
35:58
group for the first time the
36:01
International Monetary conference is a
36:05
meeting of the top 200 banker
36:07
in the world the American Bankers
36:09
Association serves as the secretary for
36:11
this conference and they meet once a
36:13
year now perhaps the most important
36:16
policy group private policy group in the
36:19
world is a group of 30 this group
36:22
describes itself have as having an aim
36:25
to deepen the understanding of
36:26
international economics and financial
36:28
issues and to explore the international
36:31
repercussions of decisions taking in
36:33
public and private sectors
36:35
the g30 is a highly influential
36:37
institution in the arena global finance
36:40
founded in 1978 it releases reports from
36:43
study groups made up of the top elite
36:46
bankers finance seers policymakers and
36:48
academics in the world
36:49
these reports are widely accepted and
36:52
usually implemented around the globe the
36:55
g30 is a nonprofit corporation
36:57
originally funded by Rockefeller
36:59
Foundation it now receives over a
37:01
million a year and donated funds from
37:03
various private sources the 32g 30
37:06
directors are deeply connected with
37:08
transnational institutions and central
37:10
banks as a highly educated group 16 of
37:13
them hold PhDs from major universities
37:15
in 2017 the group had 31 men and one
37:19
woman
37:19
Gail Kelly from the Australian Bankers
37:21
Association and the International
37:24
Monetary Fund they added a second woman
37:26
last year Maria Ramos chief CEO officer
37:29
of Barclays Africa group the group of 30
37:32
has directly linked membership to IMF
37:35
Bank of International Settlements the
37:37
World Bank the Basel Committee financial
37:40
security board the g7 g20 WTO and the
37:42
Federal Reserve so they're very very
37:45
powerful six they're tall they all go to
37:48
Davos that six of our global financial
37:51
Giants have direct representatives on
37:53
the G 30 through eight members the G 30
37:56
brings 33 of the most powerful people in
37:59
the world together they are essentially
38:01
the Executive Committee of the global
38:02
power elite they firmly develop policy
38:06
recommendations outside of government
38:08
oversight and when the G the G 30 makes
38:11
a positive recommendation they expect it
38:13
to be implemented if they make a
38:16
recommendation of the World Bank the
38:17
World Bank sees that as an instruction
38:21
the trilateral commission Executive
38:24
Committee has a membership of 55 power
38:26
elites the trial Commission was formed
38:29
in 1973 to bring together that is
38:33
without official government oversight
38:34
the highest level elites to address
38:37
important international problems both
38:40
the G 30 and the trilateral commission
38:42
are nonprofit corporations support
38:44
independently from government and with
38:47
no funded government funding or
38:48
regulations that allows for open
38:50
discussion of global capital and
38:53
security needs by people with common
38:54
class and financial interests 12 of the
38:57
17 transnational companies Giants have
39:02
one or more representatives on the G 30
39:04
or the trilateral commission Goldman
39:06
Sachs has four directors on the core of
39:09
this group originally the trilateral
39:12
commission only had representatives from
39:14
the United States Europe and Japan
39:16
currently there are 375 members from 40
39:19
countries 87 members from the US 20 from
39:22
Germany and and and Great Britain and
39:25
then Asia has 100 members 124 members
39:29
from other countries around the world
39:30
each country has a quota and can
39:33
nominate people as openings are
39:35
available members take four members who
39:38
take formal positions in their
39:39
government are asked to step down so
39:41
others can join the goal is to keep the
39:44
trilateral commission a policy
39:45
influencing body free of direct
39:48
government control in 2013-14 the
39:54
trilateral commission issued a report
39:57
entitled engaging Russia a return to
39:59
containment the report expressed alarm
40:02
by the Russian invasion of the Crimea
40:05
I have invasion in quotes in that
40:07
because the Russians they already had
40:09
bases in the Crimea and they weren't
40:11
going to give that up President Putin
40:13
was described as bringing about a
40:15
ruthless break with the West a banding
40:17
Gorbachev's vision of a Russia joining
40:19
its common European home the trilateral
40:22
commission feels that the Russia is not
40:23
contributing a global stability but
40:26
rather aspires to superpower status and
40:28
us business leaders our concern about
40:30
the anemic growth and economic climate
40:33
in Russia
40:34
a quote from the report reads Russia has
40:37
always was and will remain different
40:40
acceptance of the other nespresso
40:43
forming our views on Russia's future and
40:45
the relationships with her even if
40:48
Moscow seeks a normalization of the West
40:50
the nature of Putin's regime permits a
40:52
little more than a transactional
40:54
transactional us-russia relationship on
40:58
a narrow range of issues Putin's
41:01
departure from office however may
41:03
produce a transformational moment that
41:05
prepares real systemic change in the
41:07
Russian system Russian politics will
41:10
have to be invented almost from the
41:11
ground up perhaps creating possibilities
41:13
for reproach 'men concerns with Putin on
41:17
the topic of his removal are clearly
41:19
uppermost in the minds of the trilateral
41:21
Asst global power elite business leaders
41:23
are salivating over the opportunities
41:25
Russia's vast economic resources offer
41:28
for capital investment and certainly
41:30
since 1944 and increasing the anti-putin
41:34
message has been offered in the US
41:36
corporate media key members of the group
41:39
of 30 and the Executive Council of the
41:41
trilateral commission include Jake Jacob
41:44
Frenkel he's the US and Israeli citizen
41:47
he's chair of JPMorgan Chase he's in the
41:50
group of 30 the board of councils of the
41:52
Foreign Relations Economic Advisers
41:55
another key person is Timothy Geithner
41:58
who remember was the former secretary of
42:01
the treasurer he worked with consider
42:03
associates he's president of Warburg
42:05
pictures he's director and the Council
42:07
on Foreign Relations he works with Iran
42:09
Corporation he's on the council third
42:11
world economic forum trilateral
42:13
commission he goes to built a berg
42:15
phillip Hyder brim he's vice chair of
42:18
Blackrock in in Europe he's former chair
42:22
of the Swiss National Bank Financial
42:24
Stability Board a group of 30 World
42:26
Economic Forum and he's part of the
42:29
International Settlement groups Swiss
42:32
governor for the International Monetary
42:34
Fund jean-claude Trichet he's the Bank
42:38
for International Settlements honorary
42:40
chairman of the group of 30 he goes to
42:42
built a bird group
42:43
he's the European chairman of the
42:45
Trilateral Commission he's governor of
42:47
the Bank of
42:48
France and he's ranked by Forbes us in
42:50
the top 15 of the most powerful people
42:52
in the world in axel de bur chairman us
42:59
us B Bank for International Settlement
43:01
he's part of the group of 30
43:03
International Monetary Fund
43:04
he's on g7 g20 and he goes to World
43:08
Economic Forum the power elite are
43:13
continually worried about their unruly
43:15
exploited masses rising in rebellion all
43:18
you guys out there as a results of these
43:21
class insecurities elites work hard to
43:25
protect their structure of concentrated
43:28
wealth the US military Empire has long
43:31
been the protector of global capitalism
43:33
US has more than eight hundred bases in
43:37
70 countries and territories US military
43:41
along with NATO is now deployed in 70%
43:43
of the world's nations u.s. special
43:46
operation report Special Operations
43:48
Command has troops in 147 countries most
43:52
of the missions are training exercises
43:54
of a direct action direct action
43:57
counterterrorism strikes occur occur
43:59
regularly including drone assassinations
44:01
and kill and capture raids the Atlantic
44:08
Council is a global policy group
44:10
established in 1961 as a voluntary
44:13
alliance of countries in the North
44:16
Atlantic Treaty Organization NATO its
44:19
stated goal is to build policies and
44:21
institutions that promote collective
44:22
security and peace this is another
44:25
non-governmental policy group with an
44:28
average budget of 20 million and most of
44:30
those funds from member contributions
44:33
and grants the Atlantic Council produces
44:35
a number of numerous policy reports
44:37
books and papers global capital
44:39
protection and the u.s. NATO security
44:42
demands are their high priority the
44:45
Atlantic Council publishes
44:47
recommendations and policy reports these
44:50
are created without direct government
44:51
involvement and as such offer more of a
44:55
power elite interpretation of world
44:57
affairs then government reports subject
44:59
to congressional Democratic reviews can
45:01
can
45:01
come up the 35 Atlantic Council
45:05
executive committee members are a key
45:09
power elite non-governmental group that
45:12
promotes financial capitalists that that
45:14
combines financial capitalist with
45:16
high-level security experts and
45:18
establishment insiders 19 of the
45:21
executive committee members specialize
45:23
in global security issues many with
45:25
decades of involvement 14 have worked
45:28
with major or major capital investment
45:30
companies and 19 have held high-level
45:35
positions in the US government
45:37
several under multiple administrations
45:39
and both parties collectively they
45:45
supervise the ability to policy and
45:46
recommendations for change the people in
45:48
the government military and politics
45:52
perceive as acceptable directions for
45:55
action the US NATO military command
45:59
structure and administrators and
46:01
government and their intelligence
46:02
agencies all pay attention to the
46:05
Atlantic Council's reports protecting
46:07
global capitalism ability to secure
46:10
investment worldwide is the primary
46:12
agenda Western governments and
46:15
intelligence agencies provide seek
46:17
support to serve the interests of the
46:19
global power elite wars are initiated to
46:22
protect their interests uncooperative
46:24
regimes are undermine and overthrown in
46:27
support of the free flow of global
46:29
capital for investment opportunity
46:31
anywhere in the world that's returnable
46:34
regime changes in intemperate regime
46:36
changes in Libya Iraq Syria Venezuela
46:39
Yemen Afghanistan and Balkans the
46:41
Balkans are all examples of wars in
46:44
support of transnational capital as part
46:47
of the theme on a 9/11 domino thing that
46:51
they've got today and I like that
46:53
because that's exactly what's been
46:55
happening the global power elite
46:57
managers and facilitators know full well
46:59
that war and preparation for war is
47:02
highly profitable we can see evidence of
47:04
this from the investments by the Giants
47:06
and the top three military companies in
47:09
the world
47:09
Lockheed Martin invested in by State
47:12
Street Capital Group Vanguard Blackrock
47:15
be of a bank of Mellon USB and all the
47:19
others Goldman Sachs to a total of fifty
47:21
billion dollars Northrop Grumman
47:28
investments from State Street Vanguard
47:30
Blackrock FM are a Capital Group to its
47:33
and all the others to a total of twenty
47:35
two billion dollars Boeing investments
47:40
from Vanguard Goldman Sachs V of a
47:42
Blackrock USBs State Street Fidelity
47:46
Bank a Mellon to a total of fifty
47:47
billion dollars
47:50
so when empires are slow to perform or
47:56
faced with political resistance private
47:59
security companies and private military
48:02
contractors in khaleesi and fulfill
48:04
power elite demands for protection of
48:07
their assets these assets they can
48:12
provide personal security for the
48:14
executives their family's protection of
48:16
safe residential work zones targeted
48:18
military advice and training of national
48:20
police and armed forces intelligence
48:22
gathering on democracy movements and
48:25
opposition groups weapons acquisition
48:27
weapons systems management and strike
48:29
forces for military action and
48:31
assassinations expanding crisis of
48:34
Department desperate math mass refugees
48:38
alienated workforces environmental
48:40
exhaustion means an unlimited
48:42
opportunity for private military
48:44
companies to engage in protection
48:46
services for the global power elite g4s
48:52
employs six hundred and twenty five
48:55
thousand people in more than 120
48:57
countries spanning five continents they
49:00
are the second largest private employer
49:02
in the world right behind Walmart g4s
49:09
annual revenue is ten billion in 2014
49:14
increasingly they operate to complex
49:16
environments they accept jobs at
49:18
national armies are not trained to do in
49:20
Nigeria Chevron contract with g4s or
49:23
counterinsurgency operations for fast
49:25
response mercenaries g4s undertakes
49:28
similar opera
49:29
the South Sudan has provided security
49:31
equipment for checkpoints and prisons in
49:34
Israel security for Jewish settlements
49:36
in the Palestine and g4s was among the
49:39
other private security companies that
49:41
were protecting the construction of the
49:43
Dakota access pipeline they were the
49:45
guys with the big dawgs that were
49:46
attacking the protesters Blackwater is
49:53
probably one of the best-known private
49:55
security companies most recently caught
49:57
now recently called academy or Kanellis
50:00
founder eric prince has recently been in
50:02
the news as an advisor to donald trump
50:05
princess second sister Betsy DeVos is
50:08
the Secretary of Education and the trump
50:10
administration casteless is newest
50:13
division is EP aviation an Air Force of
50:17
military helicopters providing services
50:20
in Africa the resources and power of the
50:23
AL consolidate consolidate likely one of
50:26
the most powerful military companies in
50:29
the world I mean Prince has been
50:32
advocating for Trump to let him take
50:34
over the management of the war in
50:35
Afghanistan private military police
50:43
corporate media the IDR the ideologist
50:47
for the global capital elite corporate
50:49
media are owned and controlled by the
50:51
global power elite the corporate media
50:54
they are highly concentrated fully
50:56
international their primary goal is a
50:58
promotion of product sales and
51:01
pro-capitalist propaganda through the
51:03
psychological control of human desires
51:05
emotions beliefs fears and values
51:08
corporate media do this by manipulating
51:11
the feelings and cognitions of human
51:13
beings worldwide and provide providing
51:16
entertainment viewing as a distraction
51:18
to global inequality corporate media
51:20
receive anywhere from two-thirds to 80%
51:23
of their broadcast and print content
51:26
from public public relations and
51:29
propaganda firms meaning that nearly all
51:31
content under the global media system
51:33
today is prepackaged manage news opinion
51:37
and entertainment
51:41
the top six transnational news
51:43
entertainment corporations are comcast
51:45
at 50 billion in Holdings while disney
51:48
company at 55 billions in holding the
51:51
Giants a Giants have over 50 billion in
51:55
Comcast the Giants have over 40 billion
51:58
in Disney Time Warner Giants have over
52:02
20 billion invested Fox is a
52:05
multinational mass media corporation
52:08
controlled by Rupert Murdoch with
52:12
companies all over the world they their
52:14
Giants hold about four billion their
52:17
borrows bond is privately owned media
52:19
service company in Europe with a hundred
52:22
thousand employees controlled by Liz
52:27
Bourne and her son and her husband
52:28
Reinhardt and Brigitte Monde they
52:30
control that company net worth a 4.8
52:32
billion and Viacom
52:34
and CBS are privately held by summer
52:37
redstone and Shari redstone and there
52:40
there's attempts by Columbia bruh and
52:42
they own CBS with 160 radio and TV
52:46
stations in the country now these six
52:49
media companies control a lion's share
52:51
of news around the world they are the
52:54
unofficial spokespersons for the global
52:56
power elite they are the ideological
52:58
protectors of concentrated global
53:01
capital owned and controlled by
53:03
multimillionaires with heavy investments
53:05
in the global Giants these companies are
53:07
their foundation of capital ideological
53:10
hegemony media consolidation and the
53:14
expansion of the public relations
53:17
companies Omnicom WPP an inter public
53:22
group these are the key contributors
53:25
they had Jean hegemony of capitalism the
53:28
world today
53:28
these companies are Serb corporations
53:34
government government organizations
53:36
nonprofits and they package the messages
53:40
the corporate media carries so they're
53:45
massive companies they expand the desire
53:48
for a life of luxury fear of others
53:50
terrorists criminals and any people
53:53
perceived as a threat they push forth
53:55
support of the police state acceptance
53:57
of permanent war notions of private
53:59
corporations are essential to democracy
54:01
this is what Noam Chomsky called
54:03
engineering opinion and parading enemies
54:06
the Giants are strongly invested in
54:08
these three big PR firms they are
54:12
engaged in the orchestration of global
54:13
information and news
54:15
the result is ideological news
54:17
management by government and PR firms
54:19
often interlocked together they release
54:22
specific stories intended to build
54:24
public support and deliberately deny
54:27
coverage of news stories they may
54:28
undermine capitalism so now we get to
54:32
the question of what is to be done and
54:42
2017 2.3 million new millionaires were
54:46
created bringing the total number of
54:49
millionaires around the world of 36
54:51
million there could be no doubt that a
54:53
continued concentration of wealth cannot
54:55
be economically sustained extremely in
54:59
equality a massive repression will only
55:00
bring about resistance and rebellion by
55:02
the world's masses the danger is a
55:05
global power elite will fail to
55:06
recognize in an inevitability of
55:09
economic or environmental collapse
55:11
before making the necessary adjustments
55:12
to prevent the death of millions and and
55:16
massive civil unrest without significant
55:19
collective adjustments by the global
55:21
power elite mass social movements and
55:23
rebellions coupled with environmental
55:24
collapse will lead to global chaos and
55:27
widespread war the global power elite
55:31
identified in this book are the key
55:32
stewart's of a major part of the world's
55:34
financial wealth privatized wealth is
55:37
able to buy ideologies governments law
55:39
enforcement covert activities and
55:41
ultimately human beings themselves the
55:44
direction we had it is towards a
55:45
complete destruction of global
55:47
governmental democracies personal
55:49
freedoms privacy and the economic
55:51
survival millions billions of people in
55:53
the world the real question is well the
55:56
global power elites take action or
55:59
restructure global capitalism before
56:02
social movements topple their regimes by
56:04
massive civil unrest non-cooperation and
56:07
eventual violence
56:08
or can nonviolent social movements
56:10
stimulate a consciousness of needed
56:12
change within the global elites that can
56:14
lead to corrective action and the
56:16
redistribution of wealth to meet the
56:18
common needs of the world's people these
56:20
are fundamental questions for us all
56:22
well our grandchildren their
56:24
grandchildren have a livable planet or
56:26
were they witness the end of humankind
56:29
seventy years ago after World War two
56:32
ended people throughout the world were
56:34
motivated to find ways to permanently in
56:37
such terrible bloodshed from an ever
56:39
taking place again as United Nations was
56:42
forming a commission of moral principles
56:45
necessary for sustainable peace made up
56:48
of eighteen nations met at Hunter's
56:50
College in New York in 1946 they began
56:53
the two-year process that would become
56:55
the Universal Declaration of Human
56:57
Rights
56:58
approving Animus lis by the United
57:00
Nations in 1948 Eleanor Roosevelt and
57:04
many others successfully after two years
57:05
of many long hours and debates brought
57:08
forward a moral document became a
57:10
standard of principles for national
57:12
human rights for all people in the world
57:14
the Universal Declaration of Rights is a
57:16
document for social movements can easily
57:18
adapt as a statement of moral principles
57:21
for actions and resistance to wealth
57:23
concentration and global inequality as
57:25
equally important as a document of
57:27
principles for the global elite to
57:29
accept as a guy for protect corrective
57:31
actions needed in the world today the
57:34
active identified the global power lead
57:36
by name may persuade some of them to
57:38
recognize their own humanity and it
57:40
gives us all targets of people to
57:42
approach and write to they may take
57:44
corrective at they could take corrective
57:46
action to save the world and they're
57:48
probably the only ones capable of
57:50
correcting the crisis without major
57:52
civil unrest war and chaos giants is an
57:55
effort to bring a consciousness of the
57:57
importance of systemic change and
57:59
redistribution of wealth to the 99% and
58:01
to the global power elites themselves in
58:04
the hope that we can all collectively
58:06
work together towards a saving humanity
58:09
humankind deserves nothing less thank
58:13
you
58:21
yeah thank you peter phillips this man
58:29
has really done a lot of research and
58:31
connected a whole lot of dots