Monday, January 19, 2015
The Evils of Big Pharma Exposed
What’s wrong with America is what’s wrong with Big Pharma. And what’s wrong with Big Pharma is what’s wrong with America. This circular reality is aimed to be thoroughly covered in this presentation. This is the story of how Big Pharma seeks enormous profits over the health and well-being of the humans it serves, and how drug companies invasively corrupted the way that the healthcare industry delivers its vital services. This is neither a new nor unique story. In fact, the story of Big Pharma is the exact same story of how Big Government, Big Oil, Big Agri-Chem Giants like Monsanto have come to power. The controlling shareholders of all these major industries are one and the same. Big Money belonging to the global central banking cabal own and operate all the Fortune 500 companies in addition to virtually all national governments on this earth. The Rockefellers privatized healthcare in the United States back in the 1930’s and has financed and largely influenced both healthcare and Big Pharma ever since.
The history of the last several centuries is one in which a handful of these oligarch families, primarily from Europe and the United States, have been controlling governments and wars to ruthlessly consolidate and maximize both power and control over the earth’s most precious resources to promote a New World Order of one totalitarian fascist government exercising absolute power and control over the entire global population. This group of oligarch families have systematically and effectively eliminated competition under the deceptive misnomer of a free enterprise system. Modernization is synonymous with globalization, privatization and militarization. Subsequently, an extremely small number of humans representing a privileged ruling elite has imposed a global caste system that’s hatched its long term diabolical plan to actualize its one world government. Sadly at this tumultuous moment in our human history, it’s never been closer to materialization.
Here in the early stages of the twenty-first century, a ruling elite has manipulated our planet of seven billion people into a global economic system of feudalism. Through pillaging and plundering the earth, setting up a cleverly deceptive financial system that controls the production and flow of fiat paper money using the US dollar as the standard international currency, they have turned the world’s citizens and nations into indentured servants, hopelessly in debt due to their grand theft planet. With Russia and China spearheading a shift away from the US dollar and petrodollar, and many smaller nations following their lead, a major shift in the balance of power is underway between Western and Eastern oligarchs. Thus, by design escalating calamity and crises are in overdrive at the start of 2015.
By examining one aspect of this grand theft planet through the story of Big Pharma, one can accurately recognize and assess Big Pharma’s success in its momentum-gathering power grab. Its story serves as a microcosm perfectly illustrating and paralleling the macrocosm that is today’s oligarch engineered, highly successful New World Order nightmare coming true right before our eyes that we’re all now up against. By understanding how this came to manifest, we will be better able to confront, challenge and oppose it.
Every year a handful of the biggest pharmaceutical corporations are a well-represented fixture amongst the most powerful Fortune 500 companies of the world. The twelve largest drug manufacturers and the eight largest drug delivery companies (or otherwise known as the drug channels companies) that include drug wholesalers, chain pharmacies and pharmacy benefit managers (so called PBM’s) consist in total only 20 of the top 500 global corporations in the world. Thus, despite making up only 4% of the total Fortune 500 companies in 2014, both Big Pharma’s highly profitable revenues and absolute economic and political power in the United States and world are unprecedented.
The median revenue of the drug channels companies that made 2014’s Fortune 500 from the most recent available 2013 figures was $95.1 billion with a median profit as percentage of assets of 2.9% over the year before. The top 12 drug manufacturing companies held a median revenue of only $17.5 billion but a median profit of assets level of 10.6% over 2012. Though the channels companies like CVS (the top channels company and #12 on Fortune 500), Walgreen (#37) and Rite-Aid (#118) overall maintain higher revenues and positions in the Fortune 500 list, their profit margins are not nearly as immense as the pharmaceutical manufacturers that are almost four times more profitable.
Big Pharma’s top eleven corporations generated net profits in just one decade from 2003 to 2012 of nearly three quarters of a trillion dollars - that’s just net profit alone. The net profit for 2012 amongst those top eleven amounted to $85 billion in just that one year. The majority of these largest pharmaceuticals are headquartered in the US – including the top four, Johnson & Johnson (#39 on Fortune 500 list), Pfizer (#51), Merck (#65) and Eli Lilly (#129) along with Abbott (#152) and Bristol Myers Squibb (#176). The healthcare research company IMS Health projects worldwide sales of Pharma drugs to exceed one trillion dollars by 2014. With that kind of obscenely powerful money to throw around, what Big Pharma wants, Big Pharma nearly always gets.
Just as the oligarchs buy, own and control national governments to do their sleazy bidding, Big Pharma as an extension of those same oligarchs does too. Perhaps what makes Big Pharma unique in the US is that the industry outspends all others in laying down cold hard cash into its lobbying efforts – another word for bribing governments that includes not only US Congress (and parliaments) but its US federal regulator, the bought and sold Food and Drug Administration (FDA). It poured $2.7 billion into its lobbying interests from 1998 to 2013, 42% more than the second most “Gov. Corp.” bribe which happens to be its sister industry insurance.
And it’s this unholy trinity of the medical establishment (personified by the American Medical Association), embedded insurance industry that wrote Obamacare into law and Big Pharma that makes the United States the most costly, broken, corrupt, destructive healthcare system in the entire world. The structured system is designed and layered with built in incentives at every tier to make and keep people sick, chronically dependent on their drugs for survival that merely mask and smother symptoms rather than cure or eradicate the root cause of disease.