Written by Jeff Nielson
21 July 2013

In 1980, in an infamous episode of “American Justice”; the Hunt Brothers were charged (and convicted) with attempting to “corner the silver market” – i.e. an attempt to monopolize it. At the time prosecution commenced, the Hunt Brothers had only managed to acquire less than 20% of total global inventories.

Nonetheless, given the strict provisions of our anti-trust laws this was a violation. In this one (relatively tiny) market; even a 20% concentration by a single entity is considered unacceptable. But that was when our governments were less-corrupt, and still enforced these laws on at least a semi-regular basis.

Flash ahead to 2013, and readers of my previous commentary were presented with the earth-shattering findings of a trio of Swiss researchers:

In detail, nearly 4/10 of the control over the economic value of [all transnational corporations] in the world is held, via a complicated web of ownership relations, by a group of 147 [transnational corporations] in the core, which has almost full control over itself. The top holders within the core can thus be thought of as an economic “super-entity” in the global network of corporations. A relevant additional fact at this point is that ¾ of the core are financial intermediaries. [emphasis mine]

In 1980, it was intolerable for one entity to have even a 20% share of one, small market. In 2013, the same cabal of (Western) governments has allowed a “super-entity” to acquire double that share – not of a single (small) market, or a whole sector, or even an entire economy. Rather, this is a single “super-entity” with 40% control of everything.

Of course when these researchers coined their term “super-entity”, they had no need of inventing new terminology. The word they were searching for was “monopoly”: a single monopoly with 40% control over the entire global economy.

Obviously what is being implied here is not minority control in every single market/sector/economy. Clearly this One Monopoly has a stranglehold over 40% of all markets/sectors/economies – with this obscene level of control spreading rapidly, like a particularly virulent economic cancer.

When the researchers speak of the ¾ of the “core” which are “financial intermediaries”; what this euphemistic language means is that ¾ of this giant monopoly are banks and bank holding-companies. The One Monopoly is one, big bank.

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