The Few Banks That Own All

Anthony Migchels – July 25, 2012

In the Fall of 2011, a study by Swiss scientists revealed that a small number of banks controlled a decisive stake in the globe’s economy.
The idea that this banking cartel controls the economy is now a scientifically quantified matter of record.
The study, called ‘the Network of Global Corporate Control’ was done by Stefania Vitali, James B. Glattfelder, and Stefano Battiston, in Zurich, Switzerland. The method was datamining the Orbis Marketing Database 2007, with data on more than 30 million economic actors (companies and investors) worldwide, including asset positions.
The study was published in the New Scientist, a highly respected outlet of mainstream science.
The results were interesting, although basically predictable.

Massive centralization

It transpires that there are about 43,000 companies that are Transnational according to the OECD definition.
There is a top 1,318 of them that seem to be at the center of it all. This core group has three important characteristics.
1. Between them, they generated 20% of the world’s income.
2. They own each other.
The Orbis database clearly showed that most shares of these corporations were owned by other members of the group of 1,318. This means that the biggest, most profitable and influential corporations in the world all own each other and are basically one massive cartel, or even monopoly. They are competing only nominally. Competition is sin.
3. The core owns all the other biggest 43,000 Transnational corporations.

Continues in full …

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