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TEHRAN (FNA)- Iranian President Mahmoud Ahmadinejad on Monday referred to as for cooperation amongst world states to forge a brand new world order.

The issue with debt is that it creates shortage. Scarcity stimulates worry. Concern drives manic competition. And manic competition favors opportunism, collusion, and concentrations of energy. These élite concentrations of energy translate into establishment abuse. The inevitable result is a visible collapse of legitimacy inside the financial system. That is what’s being seen now, all around the Western World, by Joe Public and his missus.

Marx once famously summed up capital as ‘useless labour, that, vampire-like, solely lives by sucking dwelling labour, and lives the more, the more labour it sucks’. To proceed the metaphor, British imperialism has developed a financial system that acts like a blood bank for the worth produced worldwide, one that takes a sip of each worth flowing by means of it.

The leadership guide says associates ‘must persistently and repeatedly deliver new folks into the business’. They also inform their leaders that ‘a leg is not a leg till it’s four deep’, and ‘an associate isn’t an affiliate until they’ve recruited somebody’. That is fairly a distinction to the ‘get three friends and let the enterprise develop’ story the new recruits are instructed.

An ingenious and fateful response to this financial instability got here with the muse of the Bank of England in 1694. A gaggle of about 1500 investors agreed to imagine the royal debt—since renamed the national debt”—in return for a monopoly on the best to concern their very own notes (loans, that is) to the general public assured by the dependable compensation of the government’s debt by way of taxation. These notes—which subsequently became generally known as British pounds—soon began circulating because the foreign money of the land.