Redistribution of Wealth on the Way

Redistribution of Wealth on the Way

A sign to everyone including the rich that the time has arrived for the redistribution of wealth.  Socialism will be knock, knock, knocking on your door soon.

Redistribution of Wealth by Discerning the World

Warren Buffett’s Move to Make Billionaires Give Away Their Money 

The campaign initiated by Warren Buffett would make many a billionaires to part with their surplus money. Mr. Buffet will take the assistance of Bill and Melinda Gates to persuade billionaires of America to donate half of their wealth for charitable purposes and to announce it publicly.

In an interview with the Wall Street Journal, Mr. Buffet revealed how he made Larry Ellison to part with 95% of his wealth and to disclose it publicly.

The idea of giving away his wealth in charitable activities was already in the mind of Ellison and he asked Mr. Buffet to keep it a secret. But, the latter was of the view that such moves should be disclosed publicly so that the future generations come to know as how billionaires like Ellison started from a scratch and reached to such heights. Also, parting with money and that too for such noble causes, sets an example for people and persuade them to follow the same.

Mr. Buffet’s thoughts left an impact on Ellison and he got ready to make a pledge and write a letter.

As for now, 40 such billionaires have got enrolled in the agenda and some more are expected. Also, there are some who are getting their names delisted. Buffet’s move would cover the whole United States, followed by China and India in the next year.

Jim Stowers, the American Century Investments mutual fund Founder, and his wife Viginia also took the pledge to give away their money.

Stowers said, “Virginia and I wanted to give back something more valuable than money to the millions of people who made our success possible with American Century Investments”.  [Emphasis added]

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Deborah (Discerning the World)

Deborah Ellish is the author of the above article. Discerning the World is an internet Christian Ministry based in Johannesburg South Africa. Tom Lessing and Deborah Ellish both own Discerning the World. For more information see the About this Website page below the comments section.

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6 Comment authors
Burning LampDeborah (Discerning the World)BiblebelieverPeteElmarie A Recent comment authors
mom4truth
Guest
mom4truth

Someone please tell these show-horse braggarts,”But when thou doest alms, let not thy left hand know what thy right hand doeth.”

Elmarie A
Guest
Elmarie A

Uncle Sam Wants You to Have an Online ID

As our daily interactions and transactions have become increasingly “wired,” we have yet to see any truly comprehensive attempts at securing online identities.

Our complex system of usernames and passwords is astoundingly outdated and increasingly prone to security breaches and theft. Yet, so far it has been mostly up to the individual to protect himself against various forms of identity fraud—with larger corporations taking relatively little responsibility.

But this could change in a big way. Right now the federal government is proposing a new system being referred to as the “Identity Ecosystem”—which was highlighted in the recently-released draft paper, “National Strategy for Trusted Identities in Cyberspace” [NSTIC].

The Identity Ecosystem would allow Americans to choose to obtain a single authenticated ID for online transactions. Like a passport, this single ID could travel with them online and be used to access everything from e-mail, to online health records and banking information. Furthermore, the Identity Ecosystem would only reveal the least amount of information necessary for each transaction.

Elmarie A
Guest
Elmarie A

IMF blueprint for a global currency – yes really

Posted by Izabella Kaminska on Aug 04 16:09.

FT Alphaville missed this IMF paper when it first came out in April, 2010.

Authored by Reza Moghadam, director of the IMF’s strategy, policy and review department, it discusses how the IMF sees the International Monetary System evolving after the financial crisis.

We’ll cut to the chase and draw readers’ attention to the final bubble in the following chart, found on page 4:

IMS blue print – IMF

Which means, in the eyes of the IMF at least, the best way to ensure the stability of the international monetary system (post crisis) is actually by launching a global currency.

And that, the IMF says, is largely because sovereigns — as they stand — cannot be trusted to redistribute surplus reserves, or battle their deficits, themselves.

The ongoing buildup of such imbalances, meanwhile, only makes the system increasingly vulnerable to shocks. It’s also a process that’s ultimately unsustainable for all, says the IMF.

Or as they put it:

The global crisis of 2008/09, for all its costs, has not jeopardized international monetary stability, and the IMS is not on the verge of collapse. That said, the current system has serious imperfections that feed and facilitate policies—of reserves accumulation and reserves creation—that are ultimately unsustainable and, until they are reversed, expose the system to risks and shocks that a reformed system could minimize.

All in all, the IMF believes there has simply been too much reserve hoarding going on:

Reserve accumulation has accelerated dramatically in the past decade, particularly since the 2003-4. At the end of 2009, reserves had risen to 13 percent of global GDP, doubling from their 2000 level, and over 50 percent of total imports of goods and services. Emerging market holdings rose to 32 percent of their GDP (26 percent excluding China). Twenty-seven of the top 40 reserve holders, accounting for over 90 percent of total reserve holdings, recorded doubledigit average growth in reserves over 1999-2008.

Holdings have also become increasingly concentrated, with over half the total held by only five countries. These numbers exclude substantial foreign assets of the official sector not recorded as reserves, including in sovereign wealth funds (SWFs), and yet invested in liquid, dollar denominated financial instruments, that have grown even more in recent years.1

Of course, in the first instance, the solution probably lies in closer collaboration between sovereigns, most likely via the more active use of such things as special drawing rights, says the IMF.

But in the end, a global currency makes the most sense, the paper concludes — especially since the SDR is currently just an accounting tool that draws on the freely usable currencies of member states , not an actual currency itself.

As they summarise:

48. From SDR to bancor. A limitation of the SDR as discussed previously is that it is not a currency. Both the SDR and SDR-denominated instruments need to be converted eventually to a national currency for most payments or interventions in foreign exchange markets, which adds to cumbersome use in transactions.

And though an SDR-based system would move away from a dominant national currency, the SDR’s value remains heavily linked to the conditions and performance of the major component countries. A more ambitious reform option would be to build on the previous ideas and develop, over time, a global currency. Called, for example, bancor in honor of Keynes, such a currency could be used as a medium of exchange—an “outside money” in contrast to the SDR which remains an “inside money”.

But before you get ready to burn your fiat currency, it’s not actually a turnaround the IMF sees being executed any time soon.

As they conclude:

It is understood that some of the ideas discussed are unlikely to materialize in the foreseeable future absent a dramatic shift in appetite for international cooperation.

http://ftalphaville.ft.com/blog/2010/08/04/306346/imf-blueprint-for-a-global-currency-yes-really/

Pete
Guest
Pete

A clever move because it makes the mammon loving super capitalists look like the most worthy philanthropists.

The reality, I suspect, is that the tranfer of wealth is a very efficiant tax avoidance plan. We saw the same thing with the creation of the huge tax free foundations set up by Rockerfeller, Carnegie etc, and more recently with “Purpose driven Pastor”, Rick Warrens 90% tithe.

The key here is that these people do not actually give up the control of their money, they still sit on the boards of the charitable foundations and you can bet that the use of such funds will not be to spread the Gospel of Truth.

Stand firm friends.

Pete

Elmarie A
Guest
Elmarie A

“Johannesburg – In an inauspicious start to the reporting season, three out of South Africa’s big four banks have failed to meet market expectations..” ♦ –Ominous signs for banking fortunes–

Biblebeliever
Guest

The plan is to destroy America, and have us out of the way for their globalist one world plans. If you folks really want to see what is up, research the Pope’s last encyclical. The Vatican plans for America and the world coupled with the global elites joining together are being put in action.

The United Nations basically pushes world socialism [Russia and China were trial runs].
The Vatican supports Obama’s betrayal of this country, and plans for us to go into full blown socialism.

Don’t forget this paragraph from the Pope’s encyclical:

67. In the face of the unrelenting growth of global interdependence, there is a strongly felt need, even in the midst of a global recession, for a reform of the United Nations Organization, and likewise of economic institutions and international finance, so that the concept of the family of nations can acquire real teeth. One also senses the urgent need to find innovative ways of implementing the principle of the responsibility to protect[146] and of giving poorer nations an effective voice in shared decision-making. This seems necessary in order to arrive at a political, juridical and economic order which can increase and give direction to international cooperation for the development of all peoples in solidarity. To manage the global economy; to revive economies hit by the crisis; to avoid any deterioration of the present crisis and the greater imbalances that would result; to bring about integral and timely disarmament, food security and peace; to guarantee the protection of the environment and to regulate migration: for all this, there is urgent need of a true world political authority, as my predecessor Blessed John XXIII indicated some years ago. Such an authority would need to be regulated by law, to observe consistently the principles of subsidiarity and solidarity, to seek to establish the common good[147], and to make a commitment to securing authentic integral human development inspired by the values of charity in truth. Furthermore, such an authority would need to be universally recognized and to be vested with the effective power to ensure security for all, regard for justice, and respect for rights[148]. Obviously it would have to have the authority to ensure compliance with its decisions from all parties, and also with the coordinated measures adopted in various international forums. Without this, despite the great progress accomplished in various sectors, international law would risk being conditioned by the balance of power among the strongest nations. The integral development of peoples and international cooperation require the establishment of a greater degree of international ordering, marked by subsidiarity, for the management of globalization[149]. They also require the construction of a social order that at last conforms to the moral order, to the interconnection between moral and social spheres, and to the link between politics and the economic and civil spheres, as envisaged by the Charter of the United Nations.

Biblebeliever
Guest

Yes there are severe problems here, Deborah, dying small towns, unemployment that is far worse then what they are telling [God has provided for my household] I’ve read and studied some problems about SA, seems crime is at the top of the list there, and getting worse. I lived in a dangerous big city in America, don’t to repeat that again. Just as most in the churches are in a trance, most of the voting public are as well. Im not sure the votes are even counting anymore.

I’m kind of weirded out by what your poster Burning Lamp said about my blog, implying I am of a “dark spirit”. I do want an answer to that. This is a remark, that seems to come from someone with an agenda. I call them out now, don’t even waste my time, when I see someone who is not dealing with me as an honest sincere person [disagreement is ok, gameplaying and lies are not]. Be careful Deborah, even a website like this could get some Trojan Horse types coming on here.

Burning Lamp
Guest
Burning Lamp

Oh my – I just saw this. I could be a Trojan Horse? Gameplaying? Lying? An ulterior agenda? Methinks BB’s imagination is in overdrive. This is what happens when Christians become too occupied with the dark side. Questioning my heart, my name and casting some pretty serious accusations. He asked for my observations of his site and I complied. I tried to speak the truth in love. I have tried to treat him graciously while contending for the faith.

I hope that my history of posting here has given me a fairly decent track record of being Bible-based. I have no agenda but standing for the truth of the Bible and to serve my Lord and Savior Jesus Christ. I hardly think anyone needs to be warned about me like I am some kind of threat. That is truly sad and is a first for me coming from a fellow watchman.

These words are hurtful – they are personal attacks. I spoke of doctrinal issues – I never questioned BB’s integrity or faith. I will not defend myself or discuss this anymore.

Biblebeliever
Guest

When someone tells us how holy they are over and over, that is a red flag. Burning Flag have used other parts of the “script” as well. His aim was to discredit me the minute I stepped on this blog {I have been here for a very short time} and I had no issue with him whatsoever. Let me remind the readers, that he told people here my blog was of a dark spirit. I am noticing now he is using the line “too preoccupied with the dark side” to cover his dismissal of my blog and who I am as a person in warning about things. Also when someone tells us how “holy” they are abusing Christian terms, that is another red flag. Consider it a personal petpeeve when I see Christian terms abused for someone to assure entire message boards or blogs, how “holy and loving” they are.
I have no problem in standing up against this person, and I have noticed reading through a series of their postings, the answer is to water down, and ignore what is happening. There are many invested in wanting Christians to do just that so they are deceived.

Pete
Guest
Pete

There is lots about Buffets initiative on various Christian websites. Few of them actually report the real issues. Is God really impressed by the double dealing benfactors? The widows mite comes to mind.

Biblebeliever
Guest

I don’t think he has been nice, not at all. But I won’t argue this one, not worth it. I was hoping this could be a place where I wouldnt be silenced, and told I am a “basher” for sincere beliefs. This person insulted my blog saying it was dark, and would not hear me out. I can detect those who are playing the ‘change agent script”. He did not approach me as a Christian who had some disagreements but started in right away and the conversation was not honest but seeking to convince the board of my overall “horribleness” right at the get-go when no one here even barely knew me and focusing on his own holiness.

I am sorry to find out this board is very pre-trib rapture, I dont consider it a salvation issue but I consider it kind of odd since so many of the false teachers that are exposed on this board are very pre-trib.

I was hoping you would be on my side, maybe we are not so like-minded as I thought. It is a disappointment.

Biblebeliever
Guest

Deborah, why are you joining in the kick me in the face brigade, I came to this board in good will, and actually supported this board. Your anger over me not being Pre-Trib is odd too since a} I admit I recently left this position and b} I accept there are born again believers with this view.

So what gives?

Elmarie A
Guest
Elmarie A

Biblebeliever

Deborah, why are you joining in the kick me in the face brigade, I came to this board in good will, and actually supported this board.

Who are you calling ”the kick me in the face brigade” ?

I am going to stand up in defence of BL here if I may.
Burning Lamp has been on this blog for some time now and is much respected for only showing love en care toward all who comment on this blog. I have never heard BL speak one word of insult or hurt to anyone. No BB you know I was looking at the comments from BL toward you and I cannot find where BL once said any thing of insult. BL only wanted to know about a link on your website that felt uncomfortable with.I feel you owe BL an apology. But that is just a suggestion and not a command.

We are told the following in the word of God about Love for each other.

Romans 12:10
Love one another with brotherly affection [as members of one family], giving precedence and showing honor to one another.

1 Peter 4:9
Practice hospitality to one another (those of the household of faith). [Be hospitable, be a lover of strangers, with brotherly affection for the unknown guests, the foreigners, the poor, and all others who come your way who are of Christ’s body.] And [in each instance] do it ungrudgingly (cordially and graciously, without complaining but as representing Him).

2 Peter 1:6-8 (Amplified Bible)

6And in [exercising] knowledge [develop] self-control, and in [exercising] self-control [develop] steadfastness (patience, endurance), and in [exercising] steadfastness [develop] godliness (piety),

7And in [exercising] godliness [develop] brotherly affection, and in [exercising] brotherly affection [develop] Christian love.

8For as these qualities are yours and increasingly abound in you, they will keep [you] from being idle or unfruitful unto the [[a]full personal] knowledge of our Lord Jesus Christ (the Messiah, the Anointed One).

Grace and peace