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Author Topic: World Bank and IMF destroy economies or modern day slavery  (Read 8631 times)

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World Bank and IMF destroy economies or modern day slavery
« on: November 11, 2018, 12:33:35 pm »
I’ve found a good book by William Engdahl that explains a lot of things that have happened from the end of the 19th century till the beginning of the 20th century, including information on the IMF…

Iran oil, the Ottoman Empire – WW I
In the 1870s, the German Reich stopped playing according to the British model for economic destruction. This made Germany a threat. From 1850 to in 1913, German total domestic output increased fivefold and the per capita output increased by 250%. Between 1871 and 1913, the German population saw a steady increase in its living standard.
After the report by the Koch commission, the Reichstag in June/July 1896 approved legislation that restricted financial speculation.
For most of the 19th century England dominated the seas. The emergence of Germany as a preeminent modern shipping nation, was threatening the British domination of the seas.

In 1882, the black heavy sludge we today know as petroleum “rock oil” had little commercial interest other than as fuel to light the new mineral oil lamps.
Britain’s Admiral Lord Fisher was one of the first to conclude that Britain must convert its naval fleet to the new oil fuel. He argued that oil power would allow Britain to maintain decisive strategic advantage in future control of the seas.
By 1905, British intelligence and the British government had finally realised the strategic importance of oil but had no oil of its own. Fisher was ordered to establish a committee to “consider and make recommendations as to how the British navy shall secure its oil supplies.

In 1889, a group of German industrialists and bankers, led by Deutsche Bank, secured a concession from the Ottoman government to build a railway through Anatolia from the capitol, Constantinople. In 1899, the Ottoman government agreed that the German group could continue with the next stage of the Berlin–Baghdad railway project.
Germany was also becoming a close ally of France, but then the Dreyfus affair was staged to sabotage the relationship between Germany and France.

For information on the Dreyfus affair: https://www.lawfulpath.com/forum/viewtopic.php?f=31&t=1415

For Britain this was a huge threat to their world dominance. It would also cut Russia off from her western friends, Great Britain and France. It is not surprising to find enormous unrest and wars throughout the Balkans in the decade before 1914, including the Turkish War, the Bulgarian War and continuous unrest in the region.

For information on how the mass murdering “Young Turks” freemasons destroyed the Ottoman Empire: https://www.lawfulpath.com/forum/viewtopic.php?f=7&t=1107

In 1901, the Shah of Persia (Iran) granted the Australian William Knox d’Arcy by royal decree a monopoly for 60 years, to probe, pierce and drill in the Persian soil for an amount equal to some $20,000 cash and the Shah received a 16% royalty from the sales of the petroleum.
In 1905, British “spy ace” Sidney Reilly persuaded d’Arcy to sign over his exclusive rights to Persian oil with the Anglo-Persian Oil Company. Scottish financier Lord Strathcona was used as a front man by the British government as the majority shareholder of Anglo-Persian, while the government’s stake was kept secret.

By 1902 it was known that the Mesopotamia region (today Iraq and Kuwait) of the Ottoman Empire contained resources of petroleum.
In 1899, the British government offered “protection” to the Sheikh Mubarak al-Sabah of Kuwait.

By 1912, German industry and government had realised that oil was the fuel of the future. At that time, Standard Oil’s Deutsche Petroleums Verkaufgesellschaft (of Rockefeller) controlled 91% of all German oil sales.
In 1911, the young Winston Churchill succeeded Lord Fisher as First Lord of the Admiralty. Churchill used Fisher’s arguments to campaign for an oil-fired navy.
In 1913, the British government secretly bought a majority stake in Anglo-Persian Oil (today British Petroleum).

On 3 August 1914, Germany declared war on France, and German troops entered Belgium en route to attack France; on August 4, Britain declared war against Germany.
When WW I erupted, Britain was effectively bankrupt, according to a letter from Sir George Paish to Lloyd George dated 1 August 1914:
The credit system upon which the business of this country is formed, has completely broken down, and it is of supreme importance that steps should be taken to repair the mischief without delay; otherwise, we cannot hope to finance a great war if, at its very commencement, our greatest houses are forced into bankruptcy.
Britain’s secret weapon was the special relationship with the Wall Street banking house of J.P. Morgan & Co.

By January 1915, 4 months into the Great War, the British government had named J.P. Morgan & Co. as its exclusive purchasing agent for all war supplies from the US. As purchasing agent alone, Morgan took a 2% commission on the net price of all goods shipped. By 1917, the British War Office had placed purchase orders totalling more than $20 billion through the house of Morgan.
It became a giant credit pyramid on top of which sat the house of Morgan. Firms such as DuPont Chemicals grew into multinational giants by their ties to Morgan. Remington and Winchester arms companies were also Morgan “friends”.’

Had President Woodrow Wilson not signed the Federal Reserve Act into law on 23 December 1913, it is questionable whether the US could have committed the resources it did to a war in Europe. In August 1914, the house of Morgan and the City of London shaped the US Federal Reserve System in the months just before outbreak of the Great War.
In August 1917, the Federal Reserve mobilised sales of Liberty Loans and bonds, to finance US government war costs. By 30 June 1919, these Liberty Loans and bonds totalled the breathtaking sum of $21.5 billion.
Morgan & Co. quietly shifted their private British government loans over to the general debt of the US Treasury when the US officially entered the war, making the British debts the burden of the American taxpayers after the war. But, in a great example of justice, Morgan had a major stake in the post-war Versailles reparations financing.

At the time of the Versailles peace conference in 1919, Britain owed the US $4.7 billion in war debts, while its own domestic economy was in a deep post-war depression, its industry in shambles, and domestic price inflation 300% higher after the 4 years of war.
The British national debt had increased more than nine fold, between 1913 and the end of the war in 1918, to the then-enormous sum of £7.4 billion.

During WW I, Sir Mark Sykes made a deal with French negotiator Georges Picot (the Sykes–Picot accord), under which Britain would get control over “Area B”, from what today is Jordan, east to most of Iraq and Kuwait, the ports of Haifa and Acre, and the rights to build a railway from Haifa through the French zone to Baghdad.
France got control over “Area A”: Greater Syria (Syria and Lebanon), including Aleppo, Hama, Homs and Damascus, the oil-rich Mosul to the northeast, including the oil concessions then held by Deutsche Bank in the Turkish Petroleum Gesellschaft.
After 1918, Britain maintained almost a million soldiers stationed in the Middle East. By 1919, the Persian Gulf had become a “British Lake”.

In 1920, Morgan partner Thomas W. Lamont noted with satisfaction that, as a result of WW I, “the national debts of the world have increased by $210,000,000,000 or about 475 per cent in the last six years, and as a natural consequence, the variety of government bonds and the number of investors in them have been greatly multiplied”.

WW I was planned and succeeded in reallocating the raw materials and physical wealth of the entire world, especially the areas of the Ottoman Empire with significant petroleum reserves. In 1912, Britain commanded only 12% of world oil production through British companies. By 1925, she controlled the major part of the world’s future supplies of petroleum.
The newly carved Middle East boundaries were dominated by British government interests through Britain’s covert ownership of Royal Dutch Shell and the Anglo-Persian Oil Company.
Engdahl systematically claims that the Anglo-Dutch Shell is controlled by Britain. I have read that Queen Wilhelmina was “the richest woman in the world” at that time and the majority shareholder in Shell and Shell chairman Deterding was a Dutchman - I’m not convinced by Engdahl on this...

The Round Table, RIIA, CFR
The Round Table, founded in 1910, was anti-German and pro-Empire. Instead of the costly military occupation of the colonies of the British Empire, they argued for a repressive tolerance, calling for the creation of a British “Commonwealth of Nations”. Member nations were given the illusion of independence, enabling Britain to reduce the high costs of far-flung armies.
The Round Table included such notables as Foreign Secretary Albert Lord Grey, British secret agent Arnold Toynbee, and H.G. Wells.

The Round Table’s think tank, which was formed by Lionel Curtis in Versailles in May 1919, became the Royal Institute for International Affairs (Chatham House). The RIIA received an initial endowment of £2,000 from Thomas Lamont of J.P. Morgan.
The same circle at Versailles also decided to establish an American branch of the London Institute, to be named the New York Council on Foreign Relations (CFR); initially composed almost entirely of Morgan men and financed by Morgan.

Treaty of Versailles – 1920s
Wall Street lawyer John Foster Dulles had authored the infamous German “war guilt” clause Article 231 of the Versailles Treaty.
John Foster Dulles calculated that Britain and the other Allied powers owed the US $12.5 billion at 5% interest. Britain, France, and the other Entente countries, in turn, were owed by Germany, according to the Versailles demands, the sum of $33 billion!
The figures were beyond the scale of imagination at that time. The sum, 132 billion gold marks, was finally decided in May 1921.

Since Versailles, the Reichsbank printed money to cover the state deficits, inflation was rising and Versailles had stripped Germany of her most vital economic resources. All her valuable colonies, her entire merchant fleet, a fifth of her river transport fleet, a quarter of her fishing fleet, 5,000 locomotives, 150,000 railroad cars and 5,000 motor trucks were taken by the Allied powers (most of it by Britain).

The French were given the 25% share of the Deutsche Bank in the old Turkish Petroleum Gesellschaft by Versailles.
The remaining 75% of the huge Mesopotamian oil concession was directly in the hands of the Anglo-Persian Oil Company and Royal Dutch Shell.
Henri Deterding’s Royal Dutch Shell had an iron grip on the oil concessions of the Dutch East Indies, Persia, Mesopotamia (Iraq) and most of the Middle East.

The Sinclair Refining Company, with son of the former president Theodore Roosevelt Jr. on its board and his brother, Archibald Roosevelt, aas vice president of Sinclair Oil, secured the prised Baku oil concession (from under the nose of Royal Dutch Shell). William Boyce Thompson, director of Rockefeller’s Chase Bank in New York, was also on Sinclair’s board.
But then suddenly in April 1922, the Teapot Dome scandal erupted, implicating Sinclair, Fall, and even President Harding. Within a year Harding himself had died under strange circumstances. The Coolidge presidency dropped Sinclair and the Baku project, and plans to recognise the Soviet Union.

In 1922, Walther Rathenau was making a deal with the communist Soviet Union that in return for leniency on the war reparations claims on Germany, Germany would sell industrial technology to the Soviet Union.
Within 2 days of its formal announcement, on 18 April at Genoa, the German delegation was presented with an Allied note of protest that Germany had negotiated the Russian accord “behind the backs” of the Reparations Committee.
On 22 June 1922 (something numeric 6/22/’22?), Walther Rathenau was assassinated. Following the murder of Rathenau, the gold mark rate by July 1922 plunged to 493 Marks per US dollar, by December, the Mark had fallen to 7,592 to the dollar.

Then, in January 1923, the Reparations Committee voted 3 to 1 that Germany was in default of her reparations payments. On January 11, Poincaré ordered the military forces of France, with participation from Belgium and Italy, to occupy German industrial Ruhr by force. It took until the end of 1923 for French troops and engineers to bring production in the Ruhr to even a third of the former level of 1922.
In a smart move Britain had formally opposed France, Belgium and even the newly installed Mussolini government of Italy (!). Germany ceased all reparation payments to France, Belgium and Italy for the duration of the occupation, but maintained its payments and deliveries to Britain.
Directly after the Ruhr occupation, in January, the Mark dropped to 18,000 to the dollar; by July, the Mark had collapsed to 353,000 per dollar; in August, 1 Mark was worth $4.6 million; on 15 November 1922, the Mark was at 4.2 trillion per dollar. The savings of the entire population were destroyed.

In October 1923, US secretary of state Charles Evans Hughes, former chief counsel to Rockefeller’s Standard Oil, recommended a new scheme to President Calvin Coolidge to continue the reparations pyramid of debt collection which had been shaken since the April 1922 Rapallo shock. On 1 September 1924, the Dawes reparations plan formally began.
Under the Dawes Plan, Germany paid reparations for 5 years, until 1929. At the end of 1929, she owed more than at the beginning.
With their risk thus all but nil, the London and New York banks began a vastly profitable lending to Germany, money which was recycled back to the banks of New York and London in the form of reparations with commission and interest. It was a vast international credit pyramid at the top of which sat New York and ultimately the City of London.

The seven sisters oil cartel
In 1927/1928, a peace agreement was signed between the major Anglo-American oil corporations at  the Scottish castle of Shell’s Henri Deterding - the “As Is” or Achnacarry agreement. John Cadman for the Anglo-Persian Oil Co. and Walter Teagle president of Rockefeller’s Standard Oil were also present.
British and American oil majors agreed to accept the existing market divisions, end destructive competition, and to set a secret world cartel price.
By 1932, all 7 major Anglo-American companies “The Seven Sisters” had joined the Achnacarry cartel — Esso; Mobil; Gulf Oil; Texaco; Standard of California; Royal Dutch Shell; and Anglo-Persian Oil Co.

Wall Street crash, Montagu Norman, Creditanstalt – WW II
In 1929, governor of the Bank of England Montagu Norman asked the governor of the New York Federal Reserve Bank, George Harrison, to raise U.S. interest rate levels. This later caused the Wall Street stock market crash in October 1929.

In 1931, France ordered its banks to cut short-term credit lines to Creditanstalt, following rumours of a run on the deposits of Creditanstalt (owned by the Rothschild family) broke in the Vienna press, in May 1931, this toppled the fragile Creditanstalt and a credit crisis shook all of Europe.
The man who controlled US monetary policy at the time, former Morgan banker Benjamin Strong, an intimate personal friend of Britain’s Montagu Norman, met with Volpi and the Bank of Italy governor, Bonaldo Stringher, to dictate the Italian “stabilisation” program. The ensuing banking crisis, economic depression and the tragic developments in Austria and Germany were dictated virtually to the letter by Montagu Norman of the Bank of England, the governor of the New York Federal Reserve, George Harrison, and the house of Morgan and friends in Wall Street.

Capital began to flow out of Germany in ever greater amounts. On the demand of Montagu Norman and George Harrison, the new Reichsbank President Hans Luther imposed rigorous credit austerity and tightening in the German capital markets to let the collapse of the large German banks continue.
By July 1931, some 2 months after the collapse of the Vienna Creditanstalt, the Basle Nationalzeitung reported that the Danat-Bank was “in difficulties”, which caused a full panic run so it also collapsed.

After their first meeting in 1924 until Norman’s death in 1945, Hjalmar Schacht and governor of the Bank of England Montagu Norman were close friends.
In 1931, the German Alfred Rosenberg travelled to Britain to meet the editor in chief of the influential London Times, Geoffrey Dawson, that gave Hitler invaluable positive publicity. More important were his meetings with Montagu Norman and Henri Deterding. The introduction to Norman came from Hjalmar Schacht.
The final London visit of Alfred Rosenberg was in May 1933, he went directly to the country home in Ascot of chairman of Shell “Sir” Henri Deterding, arguably the world’s most influential businessman. Royal Dutch Shell secretly had intimate contact with, and provided support to the German Nazis.
In early 1933, Montagu Norman quickly strengthened the Hitler government with vital Bank of England credit. Norman also visited to Berlin in May 1934 to arrange further secret financial stabilisation for the Nazi regime. Hitler made Norman’s friend Schacht both his minister of economics and president of the Reichsbank.

For more on who brought Adolf Hitler to power in Germany: https://www.lawfulpath.com/forum/viewtopic.php?f=7&t=1340

Iran 1941-1954 - Mossadegh and the Shah
Britain, through its Anglo-Iranian Oil Company, retained a stranglehold on Iran throughout the first half of the 20th century.
During the Second World War, Stalin’s Soviet Union assisted Britain to invade Iran. A month after British and Russian forces occupied Iran in August 1941, the Shah abdicated in favour of his son, Mohammed Reza Pahlevi, who was disposed to accommodate the Anglo-Russian occupation.
Tens of thousands of Iranians died of hunger while 100,000 Russian and 70,000 British and Indian troops were given priority in supplies.
General M. Norman Schwarzkopf (father of the commander of the US forces in the 1990–91 Desert Storm) trained  Iranian national police force during a six-year period, until 1948.

Russia was granted an exclusive oil concession in the northern part of Iran bordering Azerbaijan, while Royal Dutch Shell got another concession. In the midst of selling Iran to the oil vultures, in December 1944 the Iranian leader, Dr. Mohammed Mossadegh, introduced a bill in the Iranian parliament which would prohibit oil negotiations with foreign countries.
The resolution passed, but it didn’t decide on the concession of the Anglo-Iranian Oil Company in southern Iran, from all the way back in 1901.

In 1947, the government of Iran suggested that the original concession must be changed according to the principles of justice and fairness, so that the Anglo-Iranian Oil Co. would increase the share paid to the government of Iran that was only 8%. Britain flatly refused to meet Iran even half way.
In April 1951, Mossadegh became prime minister and his nationalisation plan was finally approved by the Majlis on 28 April 1951. Britain promptly threatened retaliation and within days British naval forces arrived near Abadan. In September 1951, Britain declared full economic sanctions against Iran, including an embargo against Iranian oil shipments as well as a freeze of Iranian assets in British banks. The British embargo was joined by all the major Anglo-American oil companies. Prospective buyers of nationalised Iranian oil were warned that they would face legal action on the grounds that a compensation agreement had not yet been signed with Anglo-Iranian Oil Co.
Iran oil revenues, plummeted from $400 million in 1950 to less than $2 million between July 1951 and the fall of Mossadegh in August 1953. Britain brought the case be brought before the World Court for arbitration, but Mossadegh, himself a lawyer, argued his  case successfully, and on 22 July 1952 the Court denied Britain jurisdiction.

In May 1953, US President Dwight Eisenhower, turned down Mossadegh’s request for economic aid, on advice of his secretary of state John Foster Dulles and CIA director Allen Dulles. On August 10, Allen Dulles met with the US ambassador to Tehran, Loy Henderson, and the Shah’s sister in Switzerland.
In 1953, after a five-year absence, Gen. Norman Schwarzkopf, Sr. arrived in Tehran to see “old friends”. He promised army generals he had earlier trained power after a successful coup against Mossadegh. Under code name Operation AJAX, the CIA with British SIS overthrew of Mohammed Mossadegh in August 1953.
The young Reza Shah Pahlevi returned to power, and economic sanctions were lifted.

In April 1954, the Anglo-American companies, joined by France’s state-owned CFP, started negotiations with the government of Iran to secure a 25-year agreement for exploitation of oil on 100,000 square miles of Iranian territory.
British Petroleum (previously named Anglo-Iranian Oil) was given 40% of the old d’Arcy concession; Royal Dutch Shell got 14%; the major US oil companies divided 40% of the oil between them; and France’s CFP got 6%.

Enrico Mattei - ENI
One European company expressed interest in purchasing oil from Mossadegh’s nationalized oil supply. It was Italy’s Ente Natzionale Idrocarburi (ENI) of Enrico Mattei that was founded in February 1953.

In 1955, Mattei successful negotiated a share of the oil of Egypt’s Sinai Peninsula with Egypt’s new leader, Gamal Abdel Nasser, which by 1961 had grown into a considerable 2.5 million tons per year of crude oil.
In August 1957, Mattei made a deal with the Shah - he offered an unprecedented 75% of total profits to the National Iranian Oil Company, with ENI (only) 25%. The new joint venture Société Irano-Italienne des Pétroles (SIRIP), got the 25-year exclusive right to explore and develop some 8,800 square miles of promising petroleum prospects in non-allocated regions in Iran.

By 1958, total proceeds from ENI’s Italian natural gas sales alone topped $75 million per year. Instead of spending precious Italian dollar reserves on imported oil and coal.
Between 1959 and 1961, gasoline prices in Italy dropped 25%, which significantly aided Italy’s post-war economic revival.

On 27 October 1962, under suspicious circumstances a private airplane crashed after taking off from Sicily en route to Milan killing Enrico Mattei, who was on his way to make deals with Iran, Egypt and the Soviet Union for oil supply.
He had already signed agreements with Morocco, Sudan, Tanzania, Ghana, India and Argentina. At the time of his death, Mattei had been preparing a trip to meet with the president John F. Kennedy, who was then pressing the US oil companies to reach an agreement with Mattei.

From Bretton Woods to 1968  - Gold fixed dollar
The US came out as the “world leader” from WW II.
A little known fact of the 1944 Bretton Woods deal was the creation of a gold exchange system. Under this system, each member country’s national currency was connected to the US dollar. The dollar rate was permanently fixed at $35 per ounce of gold.

From 1947 on, the Marshall plan was used by Western Europe to buy oil, supplied primarily by US oil companies, more than 10% of all Marshall aid. Between 1945 and 1948, they more than doubled the price  of oil from $1.05 per barrel to $2.22 per barrel.
There were huge differences in the prices, at the time Greece paid $8.30 per ton for fuel oil, Britain paid only $3.95 per ton.

In late 1957, the US underwent the first deep post-war economic recession, which lasted into the mid 1960s.
While Europe was forced to pay excessively high interest rates to attract US dollars, as the dollar price was fixed, the US lowered its interest rates. Investors grabbed up “cheap” industrial companies in Western Europe, South America or Asia for higher profits abroad, as dollars flowed out of the US.
From 1957 to 1965, US annual net capital export into Western Europe mushroomed from less than $25 billion to more than $47 billion. Between 1962 and 1965, US corporations earned 12 to 14% on their investments in Western Europe.

JFK proposed a new bill to impose a tax of up to 15% on American capital invested abroad. When it finally passed in September 1964, they had made a seemingly innocent amendment, which exempted one country — British colony Canada! Montreal and Toronto thereby became the centres for an enormous loophole which ensured that the US dollar outflow continued, through London-controlled financial institutions.
Bank loans made by foreign branches of US banks to foreign residents were also exempt from the new US tax. So US banks quickly established branches in London and other major cities across the globe.

The City of London attracted the world’s financial flows with highest interest rates of any major industrial nation throughout the mid 1960s.
In 1961, the US, Britain, France, Germany, Italy, Holland, Belgium, Sweden, Canada and Japan agreed to pool reserves in a special fund, the gold pool, to be administered in London by the Bank of England. The US Federal Reserve contributed only half the costs of continuing to maintain the world price of gold at the artificially low $35 per ounce price of 1934.
Financial speculators by the second half of 1967 were selling pounds and buying dollars to buy commercial gold in all possible markets from Frankfurt to Pretoria, sparking a steep rise in the market price of gold, in contrast to the $35 per ounce official US dollar price.
It appeared that even 80 tons of sold gold on the London market wasn’t enough to keep the fixed dollar price of Bretton Woods intact. On 18 November 1967, Britain announced a 14% devaluation of the pound from $2.80 to $2.40, the first devaluation since 1949. Once the pound had been devalued, speculative pressures immediately turned to the US dollar. International holders of dollars went to the gold discount window at the New York Federal Reserve and demanded their rightful gold in exchange.
The market price of gold rose even further. By the end 1967, Washington’s gold stock had declined another $1 billion to only $12 billion.

In January 1967, French president De Gaulle’s principal economic adviser, Jacques Rueff, came to London to propose raising the official price of gold. The US and Britain refused to hear such arguments, which would have meant a de facto devaluation of their currencies. The US and British press, led by the London Economist, attacked the French policy.
On 31 January 1967, a new law came into effect in France which allowed unlimited convertibility for the French franc.
Then France withdrew from the Group of Ten gold pool. France immediately became the target of riots, first by leftist students in Strasbourg, soon followed by students all over France. In coordination with the political unrest, US and British investment houses started a panic run on the French franc, cashing in francs for gold, draining the French gold reserves by almost 30% by the end of 1968.
Within a year, De Gaulle was out of office and France wasn’t a threat anymore.
 In April 1968, a special meeting of the Group of Ten was convened in Stockholm where US officials unveiled the new “paper gold” substitute plan through the IMF, the so-called Special Drawing Rights (SDRs).

The oil inflation of 1973 – creating the petrodollar
In 1969, the US economy was again in a recession. In 1970, US interest rates were sharply lowered. As a consequence, speculative “hot money” sought higher short-term profits in Europe and elsewhere. As interest rates continued to drop, these outflows reached huge dimensions, totalling $20 billion.
In May 1971, the US recorded its first monthly trade deficit, triggering a virtually international panic sell-off of the US dollar.

On 15 August 1971, President Nixon formally suspended dollar convertibility into gold, effectively putting the world fully onto a dollar standard with no backing. The US also formally devalued the dollar a mere 8% to $38 per fine ounce gold.
The real architects of the Nixon strategy were the influential City of London merchant banksters, including: Edmond de Rothschild, Sir Siegmund Warburg, and Jocelyn Hambro, who saw a “golden” opportunity in Nixon’s dissolution of the Bretton Woods gold standard.

In 1972, the  massive capital outflows of dollars to Japan and Europe continued. In 12 February 1973, Nixon announced a second devaluation of the dollar, of another 10% to $42.22 per ounce (where it remains to this day).
Between February and March 1973, the value of the US dollar against the German Deutschmark dropped another 40%.

In May 1973, the Bilderberg Group met at Saltsjöbaden, Sweden, the secluded island resort of the Swedish Wallenberg banking family. At his meeting of 84 high ranking members of international crime, Walter Levy outlined a ‘scenario’ for a drastic increase in OPEC petroleum revenues. He projected an OPEC Middle East oil revenue rise.
See 2 excerpts from the confidential protocol of the 1973 meeting of the Bilderberg group in Sweden. There was discussion about the danger that “inadequate control of the financial resources of the oil producing countries could completely disorganize and undermine the world monetary system”.
The second excerpt speaks of “huge increases of imports from the Middle East. The cost of these imports would rise tremendously”.

The purpose was not to prevent the oil price shock, but plan it in a process that US Secretary of State Kissinger later called “recycling the petrodollar flows”. Since 1945, world oil had been priced in dollars. A sudden sharp increase in the price of oil, therefore meant an equal increase in world demand for US dollars to pay for that necessary oil.

Bilderberg policy used a global oil embargo, to create a 400% increase in world oil prices. On 6 October 1973, Egypt and Syria invaded Israel, igniting the Yom Kippur War.
The events surrounding the outbreak of the October War were secretly orchestrated by Washington and London, using the powerful secret diplomatic channels developed by Nixon’s national security adviser, Henry Kissinger. US intelligence reports, including intercepted communications from Arab officials confirming the build-up for war, were suppressed by Kissinger.
Washington didn’t permit Germany to remain neutral in the Middle East conflict, but hypocritical Britain clearly stated its neutrality, so avoided the Arab oil embargo.

On October 16, the Arab OPEC declared an embargo on all oil sales to the US  and the Netherlands for its support for Israel and raised the oil price from $3.01 to $5.11 per barrel (+70%). Following a meeting in Teheran on 1 January 1974, a second price increase of more than 100% brought OPEC benchmark oil prices to $11.65. Henry Kissinger secretly put up to the Shah of Iran to arrange this.
President Nixon was kept busy with the “Watergate affair”, leaving Henry Kissinger as de facto president. When in 1974 the Nixon White House sent a senior official to the US Treasury in order to devise a strategy to force OPEC into lowering the oil price, he was bluntly turned away.
In August 1971, Nixon had established a secret accord with the Saudi Arabian Monetary Agency (SAMA) that was finalised in February 1975. Under the terms of the agreement, a sizeable part of the huge rise in Saudi oil revenue would be invested in financing the US government deficits.
In 1974, 70% of the additional OPEC oil revenue, $57 billion, at least 60% went directly to financial institutions in the US and Britain.

The most severe impact of the oil crisis in the US was felt in New York City. New York was forced to slash spending for roadways, bridges, hospitals and schools in order to service their bank debt, and to lay off tens of thousands of city workers.
Bankruptcies and unemployment across Europe rose to alarming levels. As Germany’s imported oil costs increased by 17 billion Deutschmarks in 1974. By June 1974 the oil crisis had resulted in the collapse of Germany’s Herstatt-Bank and a crisis in the Deutschmark as a result. It resulted in a million unemployed Germans.
In May 1974, Willy Brandt offered his resignation to Federal President Heinemann, who then appointed Helmut Schmidt as chancellor.

In 1973, India had a positive balance of trade. But in 1974, India had total foreign exchange reserves of $629 million which couldn’t pay for the annual oil import bill of 1,241 million.
In 1974, Sudan, Pakistan, the Philippines, Thailand and most countries in Africa and Latin America faced gaping deficits in their balance of payments.
In 1974, developing countries had a total trade deficit of $35 billion, 4 times as large as in 1973 (precisely in proportion to the oil price increase). In the early 1970s, the account deficit of all developing countries was (only) some $6 billion per year.

The major New York and London banks, and the Seven Sisters oil multinationals benefitted. In 1974, Exxon overtook General Motors as the largest US corporation in gross revenues. Her “sisters”, including Mobil, Texaco, Chevron and Gulf, were not far behind.
Chase Manhattan, Citibank, Manufacturers Hanover, Bank of America, Barclays, Lloyds, Midland Bank all enjoyed the windfall profits of the oil crisis.
In a strange twist, the American David Mulford became director and principal investment adviser of the SAMA, the largest OPEC oil producer.
Basically the post-war Bretton Woods gold exchange system was replaced by the highly unstable petroleum-based dollar exchange system, the “petrodollar standard”.

The year 1975 witnessed the first major decline in world trade since the end of the war in 1945, a drop of 6%.
While industrial countries had experienced a slow recovery from the initial oil shock, the developing economies deteriorated even further in 1975. In 1976, the account deficit of all developing countries rose to $42 billion. Private US and European banks were glad to lend to these countries.
Foreign debts of the developing countries expanded some five-fold, from $130 billion in 1973, before the first oil shock, to some $550 billion by 1981, and to over $612 billion by 1982, according to the IMF.

In August 1976, the 85 non-aligned “developing” states countries tried  after the Colombo meeting to fight for “A fair and just economic development”. The UN was chosen as the arena where the “developing” countries explained their demands.
Share prices for US banks began to fall, especially those most involved in Eurodollar lending to the developing countries: Citicorp, Morgan Guaranty, Bankers Trust and Chase Manhattan. The Federal Reserve Bank was forced to intervene to support the falling dollar.
One by one, the advocates of Third World development were removed from the seats of domestic power. In February 1977, PM Indira Gandhi of India was forced into elections and was ousted by March. Sri Lanka paralyzed by a wave of strikes in early January 1977. By May 1977, Bandaranaike’s ruling Freedom Party was gone from power. In 1977, Bhutto was overthrown in a military coup led by General Zia ul-Haq. Before his death by hanging, Bhutto accused US Secretary of State Henry Kissinger of being behind his overthrow. On 14 February 1978, in Guyana, Frederick Willswas forced to resign.

Ayatollah Khomeini – Thatcher economics, the IMF in the 1980s
In 1975, the CFR, under the direction of New York attorney Cyrus Vance, drafted a series of policy blueprints for the 1980s. The CFR called “A degree of “controlled disintegration” in the world economy is a legitimate objective for the 1980’s”.

In 1978, the Shah’s government of Iran and British Petroleum were “negotiating” on the renewal of the 25-year oil extraction agreement. In October 1978, the talks had collapsed over the British “offer” that demanded exclusive rights to Iran’s future oil output.
In November 1978, President Carter named the Bilderberg group’s George Ball, a member of the Trilateral Commission, to head a special White House Iran task force under the National Security Council’s Zbigniew Brzezinski.

Robert Bowie from the CIA was one of the lead “case officers” in the new CIA-led coup against the Shah that they had placed into power in 1953. US security advisers to the Shah’s Savak secret police implemented a policy of ever more brutal repression, to maximize antipathy against the Shah. At the same time, the Carter administration began protesting abuses of “human rights” under the Shah.
The BBC’s Persian-language broadcasts, drummed up hysteria against the regime in exaggerated reporting of incidents of protest against the Shah and gave Ayatollah Khomeini a full propaganda platform inside Iran.
The Shah fled in January 1979, and by February Khomeini had been flown into Tehran to proclaim the establishment of his theocratic state.

Iran’s oil exports to the world were suddenly cut off, some 3 million barrels per day. Curiously, Saudi Arabian production in January 1979 also cut some 2 million barrels per day.
Unusually low reserves of oil held by the “Seven Sisters” oil multinationals contributed to the oil price shock, with prices for crude oil soaring from a level of some $14 per barrel in 1978 towards $40 per barrel for some grades of crude on the spot market. The ensuing energy crisis in the US was a major factor in bringing about Carter’s defeat in the presidential election a year later.
Despite the fact that an oil price of $40 per barrel represented a dramatic increase in dollar terms, the media hysteria over the “incompetent” Carter administration, led to a further weakening of the dollar.
Since early 1978, the dollar had already dropped more than 15% against the German mark and other major currencies. In September 1978, the dollar fell in a near panic collapse when it was reported that Saudi’s central bank SAMA had begun liquidating billions of dollars of US treasury bonds.
The oil price shocks in 1973 and 1979, which had raised the price of the world’s basic energy by 1,300% in 6 years, had understandably caused inflation.

British PM Margaret Thatcher, insisted that the 18% inflation in Britain had been caused by government deficit spending, carefully ignoring the 140% increase in the price of oil since the fall of Iran’s Shah. In June 1979, a month Thatcher had become PM, the UK’s chancellor of the exchequer, Sir Geoffrey Howe, began raising base rates for the banking system a staggering five percentage points, from 12% to 17%in only 12 weeks. The Bank of England simultaneously began to cut the money supply, to ensure that interest rates remained high.
Director of the Federal Reserve Paul Volcker followed Britain’s example to “fix” this inflation by cutting credit to banks, consumers and the economy. US interest rates on the Eurodollar market soared from 10% to 16% and 20% in a matter of weeks. Government spending was savagely cut in order to reduce “monetary inflation”.
In March 1980, President Carter had signed into law the “Depository Institutions Deregulation and Monetary Control Act” that empowered Volcker’s Federal Reserve to impose reserve requirements on banks, ensuring that his credit choke succeeded.

Businesses went bankrupt, families were unable to buy new homes, long-term investment in power plants, subways, railroads and other infrastructure came to a grinding a halt. Unemployment in Britain doubled, from 1.5 million to 3 million in Thatcher’s first 18 months as Prime Minister.
Inflation was indeed being “squeezed” as the world economy was plunged into the deepest depression since the 1930s – this was labelled the “Thatcher revolution”. And the dollar began an extraordinary 5-year ascent.
The international financial interests of the City of London and the powerful oil companies, chiefly Shell and British Petroleum, were the intended beneficiaries. British Petroleum and Royal Dutch Shell exploited the astronomical price of $36 or more per barrel for their North Sea oil.
Also exchange controls on the big City banks were removed, so that instead of capital being invested in rebuilding Britain’s rotten industry base, funds flowed out to real estate in Hong Kong or lucrative loans to Latin America
The radical monetarism of Thatcher and Volcker spread like a cancer. With interest rates of 17-20% any “normal” investment was simply not profitable.

Six months after Thatcher took office, Ronald Reagan was elected president of the US, with Vice President George H.W. Bush in control.
Reagan had been tutored while governor of California by the guru of monetarism, Milton Friedman. Reagan kept Milton Friedman as an unofficial adviser on economic policy. His administration was filled with disciples of Friedman’s radical monetarism, following the same radical measures earlier imposed by Friedman to destroy the economy of Chile under Pinochet’s military dictatorship.

As the average cost of their petroleum imports, rose some 140% in US dollars, developing countries this time around were faced with the situation that the dollar itself was also rising rapidly, because of both the high US interest rates and the higher oil price.
All Eurodollar loans to these countries were fixed at a specified premium over and above the given London Inter-Bank Offered Rate (LIBOR). This LIBOR rate was a “floating” rate, which rose from an average of 7% in early 1978 to almost 20% in early 1980.
The creditor banks, following a closed-door meeting in England’s Ditchley Park that fall, created a creditors’ cartel of leading banks, headed by the New York and London banks, later called the Institute for International Finance or the Ditchley Group. The private banks “socialised” their lending risks to the taxpaying public, but kept the profits for themselves.
This was an almost exact copy of what the New York bankers did after 1919 against Germany and the rest of Europe under the Dawes Plan.

Out of $270 billion loaned by Latin America between 1976 and 1981, only 8.4% actually arrived in the countries. In 1979, a net sum of $40 billion flowed from the “rich” North to the “poor” South. In 1983, this flow had reversed with $6 billion from the “developing” countries to the industrialised countries, since then the amount has risen steadily, to approximately $30 billion a year.
In August 1982, large Third World debtor nations refused to pay, but the IMF simply pressured them to sign “debt work-outs” with the leading private banks, often led by Citicorp or Chase Manhattan of New York. The IMF “medicine” was invariably the same: the victim debtor country was told to slash domestic imports to the bone, cut the national budget, quit state subsidies for food and other necessities, and devalue the national currency in order to make its exports “attractive”.
Between 1980 and 1986, a group of 109 debtor countries, paid to creditors in interest on foreign debts alone $326 billion; repayment of principal on the same debts totalled another $332 billion. They were paying $658 billion on what originally had been a debt of $430 billion and on top of that these 109 countries still owed the creditors $882 billion in 1986!
Total foreign debt of the developing countries, rose from just over $839 billion in 1982 to almost $1,300 billion by 1987. Virtually all this increase was due to the added burden of “refinancing” the unpayable old debt.

During the 1980s, the “developing“ nations transferred a total of $400 billion into the US alone. Capital flight from Third World countries into the “safe haven” of the US and other industrialised countries amounted to at least another $123 billion in the decade up to 1985. Large banks, like Citicorp, Chase Manhattan, Morgan Guaranty and Bank of America, were bringing in flight capital assets of some $100–120 billion. The annual return for the New York and London banks on their Latin American flight capital business, was 70% on average. The very same “developing” countries were forced into brutal domestic austerity to “stabilise” the currency.
These profits allowed the Reagan administration to finance the largest “peacetime” deficits in world history, while falsely claiming “the world’s longest peacetime recovery”. As exports to Latin America came to a grinding halt, there was a devastating loss of US jobs and exports.

President Ronald Reagan in August 1981 signed the largest tax reduction bill in post-war history. In the summer 1982, Paul Volcker decreased interest rate levels. This was followed by a speculative bonanza in real estate, stocks, oil wells in Texas or Colorado. As the Federal Reserve’s interest rates went lower, the fever grew hotter. “Cheap” debt was the new fashion. Within 5 years, the US transformed from the world’s largest creditor to becoming a debtor nation, for the first time since 1914.
While this turned young stock brokers into multimillionaires, the real living standard for “normal” Americans steadily decreased, while that of a minority rose as never before. Families went into record levels of debt for buying houses, cars, video recorders. Government went into debt to finance the huge loss of tax revenue and the expanded Reagan defence build-up.
By 1983, annual government deficits began to climb to an unheard-of level of $200 billion. The national debt expanded, along with the deficits, and paying Wall Street bond dealers and their clients record sums in interest income. Interest payments on the total debt by the U.S. government almost tripled in 6 years, from $52 billion in 1980, to more than $142 billion by 1986 (equal to one-fifth of all government revenue).
Money kept flowing in from Germany, from Britain, from Holland, from Japan, to take advantage of the high dollar and the speculative gains in real estate and stocks on the US markets.

Billions of dollars flowed out of the London-based Eurodollar banks to the accounts of developing country borrowers without a “lender of last resort” but the banks didn’t take any risk as the IMF enforced payment of the usurious debts through the most draconian austerity in history. The IMF was firmly controlled by the Anglo-American voting power.

Nationally controlled oil resources could have been the means for modernising Mexico.
In February 1982, the IMF dictated a series of Mexican peso devaluations to “spur exports”. By the first 30% devaluation, the private Mexican industry, which had borrowed dollars to finance investment, led by the once-powerful Alfa Group of Monterrey, was made bankrupt overnight.
In early 1982, the peso stood at 12 pesos for a dollar. By 1986, 862 Mexican pesos were needed to buy 1 dollar, and by 1989 the sum had climbed to 2,300 pesos. But Mexico’s total foreign debt, grew from some $82 billion to just under $100 billion by the end of 1985.
British and US multinationals set up child-labour sweatshops along the Mexican border with the US. These “maquiladores” employed Mexican children aged 14 or 15 for wages of 50 cents an hour, to produce goods for General Motors or Ford Motor Company or various US electrical companies. Of course the IMF agreed with this child labour!

The same process was repeated in Argentina, Brazil, Peru, Venezuela, most of black Africa, including Zambia, Zaire and Egypt, and large parts of Asia.
Until the 1980s, black Africa remained 90% dependent on raw materials export for financing its development. In the early 1980s, the world dollar price of these raw materials came tumbling down. By 1987, raw materials prices had fallen to the lowest levels since the Second World War, about the level of 1932 (when there was also a deep world economic depression).
In 1982, these African countries owed creditor banks in the US, Europe and Japan some $73 billion. By the end of the 1980s, through debt “rescheduling” and various IMF interventions, this had more than doubled, to $160 billion. This was about the sum these countries would have earned at a stable export price level.

The incredible high inflation rates during the early part of the 1980s, typically 12–17%, dictated the conditions of investment returns. A fast and huge gain was needed.
In 1985, the US economic situation threatened the future presidential ambitions of Vice President George H.W. Bush. This was reason for a “rescue” mission.
This time Saudi Arabia was used to run a “reverse oil shock” and flood the world oil market with “cheap” oil. The price of OPEC oil dropped from an average of nearly $26 to below $10 per barrel in only a couple of months in the spring of 1986. Wall Street economists proclaimed the final “victory”, while George Bush Sr. made a quiet trip to Riyadh in March 1986 to tell King Fahd that the oil price had gone down enough. Saudi Oil Minister Sheikh Zaki Yamani was fired for a scapegoat and oil prices stabilized at the “low” level of around $14–16 per barrel.

Speculation in real estate in the US continued at a record pace, while the stock market began a renewed climb to record highs. This 1986 oil-price collapse unleashed what was comparable to the 1927–29 phase in the US speculative bubble. Interest rates dropped even more dramatically, as money flowed in to make a “killing” on the New York stock markets.
A new financial perversion became fashionable on Wall Street, the ”leveraged buyout”. Boone Pickens with borrowed money - “junk bonds” - bought controlling stock in companies, like Union Oil of California, or Gulf Oil, that were many times more worth than he had. If he succeeded in taking over a huge company with “borrowed money”, his debt could be repaid, while making a handsome profit. If the company became bankrupt, his bonds were just “junk” paper.
During the last half of the 1980s, such actions consumed Wall Street and pushed the Dow upwards, driving corporations into the highest levels of debt since the 1930s depression. But this debt was not undertaken to invest in modern technology or new plant and equipment.

After President Reagan signed the new Garn–St. Germain Act into law, he enthusiastically told an audience of invited S&L bankers, “I think we’ve hit the jackpot”. The new law opened the doors of the S&Ls to financial abuses and speculative risks as never before. It also made S&L banks an ideal vehicle for “organised crime” to launder billions of dollars from the booming narcotics business.
Few noticed that it was the former firm of Reagan’s Treasury secretary Donald Regan, Merrill Lynch, whose Lugano office was implicated in laundering billions of dollars of heroin profits in the so-called “pizza connection”.
Life insurance companies, began to speculate in real estate during the 1980s. By 1989, insurance companies were holding an estimated $260 billion of real estate on their books, in 1980 this had been $100 billion. Then in late 1980, real estate collapsed, forcing failures of insurance companies for the first time in post-war history.

On 19 October 1987, the bubble burst. On that day the Dow Jones Index collapsed more than in any single day in history, by 508 points. Nakasone pressed the Bank of Japan and the Ministry of Finance to assist. Japanese interest rates fell lower, and lower, making US stocks, bonds and real estate appear “cheap” by comparison. Billions of dollars flowed out of Tokyo into the United States. During 1988, the dollar remained strong and Bush was able to secure his election as president. The plan of the new Bush administration was to direct pressures onto US allies for “burden sharing” of the huge US debt.
The Thornburgh Doctrine had stipulated that the FBI and Justice Department had authority to act on foreign territory. President Bush quickly showed himself to be a “tough guy”, by invading the tiny Panama, in his first year as President, December 1989.

From 1979, when Paul Volcker had begun his monetary shock, to 1988 the government recorded Americans below the poverty level went from 24 million to 32 million Americans (an increase of more than 30%). Costs of American health care, rose to the highest levels ever, and as a share of GNP, to double that of the UK.
In the 1980s, the vital public infrastructure of the US collapsed: highways cracked; bridges became structurally unsound and even collapsed; in areas like Pittsburgh, water systems became contaminated; hospitals in major cities fell into disrepair; housing stock for the less wealthy decayed dramatically.
Total private and public debt of the US in the 1980s went from $3,873 billion to $10 trillion by the end of the decade.
Thatcher’s eleven-year as PM of Britain was equally disastrous. Real estate speculation and the financial services of the City of London increased enormously, while Thatcher’s economic policy had severely restricted industrial investment, and modernisation of the nation’s deteriorating public infrastructure.

William Engdahl – A Century of War; Anglo-American Oil Politics and the New World Order (first published in 1992, but updated since): http://www.takeoverworld.info/pdf/Engdahl__Century_of_War_book.pdf

Understandably there are important events missing from the book (with “only” 270 pages). I’ve also deleted lots of information, and even with these omissions this post is “too” long...

Following is a recent interview with William Engdahl (44:33): https://soundcloud.com/21wire/featured-f-william-engdahl-discusses-financial-warfare
« Last Edit: November 12, 2018, 04:09:19 am by Firestarter »

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Henry C. Carey – The Slave Trade
« Reply #1 on: November 12, 2018, 11:13:14 am »
In this post an interesting historic book by Henry C. Carey (1793−1879), born in Philadelphia, on how so-called “free races” are enslaved. It’s almost a prequel to William Engdahl’s book
The strange thing is that it’s from 1853 (165 years old) and most of it is still actual. It really explains why the United Nations, World Bank and IMF were founded. A lot of it is based on Adam Smith’s views. While Carey pinpoints a lot of strategies used against “us”, some of the solutions he presents miss the mark…

Under the Spanish system, labour is valuable so slaves continue to be imported. Under the English one, labour is valueless and men sell themselves for long years of slavery at the sugar culture in the Mauritius, Jamaica, and in Guiana.
England is engaged in a war against the labour of all other countries employed in other activity than raising raw produce to be sent to England, there to be manufactured into end products at the factories of her millionaires, who have accumulated their vast fortunes at the expense of Ireland, India, Portugal, Turkey, and other countries that have been ruined.
The nation that exports raw produce exhausts its land, and then it must export its men, leaving women and children to perish.

Cotton is produced in countries like India, Egypt, Brazil, the West Indies, and the Southern States of the US. It’s then made into cloth in England and becomes valuable. The trick is to keep the value of the raw material low and the end product high. In this way the rich of England become even richer, while the poor become poorer.
This also shows how deceptive calculations based upon statements on the value of exports and imports are; that always “prove” the growing prosperity of England.
If the people of Cuba, Brazil, India, and other countries produce cloth, iron, and other commodities for which they now depend on Europe, and thus diminish their need to export, it would increase the price of their products while making cloth and iron cheaper. This would make these “third world” countries more “free”.

Ever since India came under English rule, their condition has become hopelessly miserable. Cholera became very common.
The Hindu, like the black, is shut out from the workshop. If he attempts to make cloth, he’s heavily taxed, from which his wealthy English competitor is exempt. His iron ore and his coal must remain in the ground, and if he dares to collect the salt which crystallizes before his door, he is fined and imprisoned.
The sub-renter extorts whatever he thinks the unfortunate borrower could pay, for example 1% interest a week. In this way, no matter how large the crop, the poor borrower will never make a profit.

The very best parts of India were selected for the cultivation of the poppy. If the people refused, they were forced. The same company that forced them to grow opium, forced them to sell it back to them for the price they decided. It was exported to China. In 1839, the emperor of China finally seized a huge amount of opium to be destroyed. Then Britain started the “opium wars”, to force the Chinese to repay them for the destroyed opium.
Britain calls her opponents “despots”, while the British elite are the real despots.
Portugal, India, Turkey and Ireland yield to the British system, become poorer and weaker every year, and their people more enslaved.
In 1801, the copyright and patent laws of England were extended to Ireland, and publishing books was stopped. As a result Ireland couldn’t compete anymore. Irish workers were forced to go to England looking for a job to pay the rent at home. It is common to blame the rapid growth of population for the poor state of Ireland, but in reality this wasn’t the cause.
The Irish went from being land owners, to tenants. The land passed from many into the hands of the few. In the days of Adam Smith there were 220,000 English land-owners, in 1853 only 80,000 were left, while all the land of Scotland is accumulated in the hands of only 6000 people.

In Britain children were sold. Girls brought the highest price; girls aged 12 to 18 cost $500-800.
The poor enter their children in so-called “burial clubs”. A small sum is paid every year by the parent, and this entitles him to receive a larger sum when the child dies. Many parents enter their children in several clubs. One man in Manchester had his child in 19 different clubs.
Parents are so miserable that they actually kill their helpless little offspring to receive the reward from the “burial clubs”.

In 1825, Germany exported almost 30 million pounds of raw wool to England, where it was subjected to a duty of 12 cents per pound for the privilege of being manufactured into cloth.
Germany, Russia, Spain, Denmark, Belgium, and some other states, are trying to protect their farmers. The King of Prussia tries to strengthen his people by enabling them to find employment, manure for their farms, and strengthens Germany by the formation of a great Union, that gives 30 million people the freedom of internal trade.
In contrast, all the measures of England in India are to enslave a hundred million. Of course Russia and Germany haven’t bothered England anymore since the first and second World Wars…

According to Carey, the way to freedom is increasing the value of labour and land. He proposes to export machines to (for example) Africa to increase the labour “value” of Africans. I don’t agree with these ideas…
The additional profits from using machines go to the same elite that control the manufacture of machines. In the 21th century we have computer technology that has reduced the value of a human to an all-time low…
Increasing the value of land, makes the poor: slaves of (the interest rates of) the banks.

The Hindu sells his cotton for a penny a pound, and buys it back as cloth at 18-20 pence.
The Virginia slave sells tobacco for 6 shillings' worth of commodities, of which he and his owner obtain 3 pence.
The poor Irishman raises chickens which sell in London for shillings, of which he receives a pence.
A pound of sugar which had yielded the “free” black of Jamaica two pence, exchanges in Ireland for 2 chickens or 12 lobsters.
It would be much better if labour and capital would be locally applied, reducing exports. The home trade, instead of import-export would increase prosperity.

Henry C. Carey – The Slave Trade, Domestic and Foreign: why it exists, and how it may be extinguished (1853): https://archive.org/stream/slavetradedomest01care/slavetradedomest01care_djvu.txt
(or the 28 MB PDF: https://ia800603.us.archive.org/6/items/slavetradedomest01care/slavetradedomest01care.pdf)


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Greg Palast - The Best democracy money can buy
« Reply #2 on: November 12, 2018, 11:16:42 am »
This post is a summary of BBC investigative reporter Greg Palast’s book from 2002.

The strategy to destroy economies is something like: take money out of circulation to crash the economy, then the big bankers buy the economy pennies for dollars, while in the meantime the country has been indebted, and has to do what the World Bank tells them.
In 1983 the IMF forced Ecuador’s government to borrow $1.5 billion to take over the private debts of Ecuador’s elite. In return Ecuador had to hike prices in electricity and other necessities, and eliminate 120,000 jobs. Then in 2000, 2001 to finish Ecuador off, it was ordered to: 1) raise the price of cooking gas with 80%, 2) eliminate 26,000 jobs, 3) cut wages with 50%, 4) transfer its biggest water system to foreign operators, 5) allow British Petroleum’s ARCO to build an oil pipeline.

In Bolivia some riots broke out, when Bolivians couldn’t get drinking water. To “help” Bolivia: Samuel Soria deposited $10 million on a Citibank account in New York, that never returned to Bolivia. Water prices, could rise with 150% under the new owner, International Waters Ltd (IWL) of London.

In 2001 Argentina got ordered to cut their government budget deficit from $5.3 billion to $4.1 billion. Taking 1.2 billion dollar out of the economy already in recession, did wonders: by the end of March 2001, Argentina’s Gross Domestic Product (GDP) had already dropped with 2.1% compared a year earlier. Argentina had to reduce jobs, wages, and pensions. While the IMF offered an $8 billion aid package - Argentina had to pay $27 billion a year because of their debt of $128 billion (to the likes of Citibank). The French bought the water system and raised prices up to 400%. And Argentina got threatened with sanctions by the USA to liberalise the pharmaceuticals industry.

In 1973 General Pinochet took dictatorial control of Chile, and destroyed the economy. The CIA, since October 1970, had helped Pinochet to oust president Salvador Allende. US Ambassador to Chile, Edward Malcolm Korry explained that US companies used the CIA as an international collection agency. In 1973 Chile’s unemployment rate was 4.3%; by 1983, after 10 years of free market liberalisation, unemployment was at 22%, while wages had declined by 40%. In 1970 20% of Chile’s population lived in poverty, by 1990 – when dictator Pinochet left office - this number had doubled to 40%. In 1982 and 1983, the GDP dropped with 19%, and foreign companies bought 85% of Chile’s profitable industries. The USA the State Department reported: “Chile is a casebook study in sound economic management”. The respected economist Milton Friedman called this “The Miracle of Chile”.

In 1998 —the World Bank, IMF, Inter-American Development Bank and the International Bank for Settlements — offered $41.5 billion credit to Brazil. The World Bank designed a “Master Plan for Brazil” to create a “flexible public sector workforce”: reduce Salary/Benefits; Pensions; Job Stability; Employment, and increase Work Hours. After the Brazilian real dropped with 40%: British Gas bought the SaoPaolo Gas Company, while Enron and Houston Industries bought the Rio and Sao Paolo electricity companies and a pipeline.

In the 1970s British professor Dr. Stephen Littlechild invented a scheme to privatise British electricity utilities. In 1990 the England-Wales Power Pool, went into business.
From Atlanta headquarters, Southern’s executives learned they could charge in “deregulated” England double the price in Georgia. In 1995, Southern bought up England’s South Western Electricity Board. The cash rolled in and American companies grabbed the majority of the British electricity sector. Although (or because) the British consumers were terribly overcharged, the IMF and World Bank required deregulation of electricity if countries wanted assistance.
The USA had a regulatory system to keep tight lids on utility monopolies’ profits, with the result that Americans had about the lowest electricity prices in the world. In 1996 California tossed out this regulatory system. The parents of Palast saw their energy bill rise with a whopping 379% in the first year of deregulation. California’s electricity watchdog claims that electricity consumers were overcharged by $6.2 billion in 2001. After PG&E bankrupted California consumers had to pay off the speculators for some $35 billion.

Palast went undercover and got in touch with LLM and told them that he represented some wealthy American clients.
Derek Draper proudly boasted that LLM had given the US investment bank Salomon Brothers, a week advance knowledge, that the cap on total spending was 2.75% instead of the expected 2.5%. Salomon made a fortune.
PowerGen PLC wanted to buy a regional electricity company in violation of anti-monopoly regulations. Draper arranged a confidential meeting between a top adviser to Chancellor Brown with the chairman of PowerGen, Ed Wallis, which secured the PowerGen merger deal.

Roger Liddle is one of the important men in government, in charge of European affairs. Liddle told Palast that “Derek knows all the right people.” Liddle had been managing director at LLM, before he put his shares into a blind trust. Any new business Liddle gets Draper goes straight into his “blind” trust.
Here are some other deals in Britain Palast found out by going undercover: 1) Rupert Murdoch’s News International got valuable amendments to union recognition bills; 2) Tesco won exemption from a car park tax worth 20 million pounds per year; 3) Enron reversed a government plan to block new gas-fired power stations.

Greg Palast – The Best democracy money can buy (2002): http://www.chemtrails911.com/books/The%20Best%20Democracy%20Money%20Can%20Buy%20by%20Greg%20Palast%20.pdf


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BIT and Investor-State Dispute Settlement
« Reply #3 on: November 12, 2018, 12:21:47 pm »
When I started my investigation on how the third world is enslaved through the IMF and World Bank, TTIP was a controversial issue. Some links refer to Transatlantic Trade and Investment Partnership Treaty (TTIP), but this really isn’t very relevant to this post.
The first part of this post is about the effect of Bilateral Investment Treaties (BITs) and the arbitration of Investor-State Dispute Settlement (ISDS) of the World Bank. This gives companies the possibility to “sue” states, so they can get “compensation” if (democratically elected) parliaments make laws that they don’t like. This is the corner stone of modern day colonialism
The second part is about the effects in some Latin American countries.

American banks only have to back up investments (or loans) with a cash reserve ratio of 10%. This means with an American savings account for 10,000 dollar, the banks can invest an additional 90,000 dollar. In the European Union the reserve requirement is even lower with 1%, so European financial institutions can even invest 990,000 for 10,000 dollar. Great Britain has a 0% cash reserve ratio (so British banks can invest without limit).
On the other hand: Brazil has a reserve requirement of 45%, so with 10,000 dollar Brazilian banks can invest “only”12,222 dollar. In 1978 Turkey had a reserve requirement of 62.7%, so with 10,000 dollar it could only invest 5,949 dollar.

The colonial forces still decide how the colonies are exploited, under the guise of international law.
A nice example is the protective measures by the European Union. With tax money the European industry is supported, so that the third world cannot compete with the EU. The EU lets the third world pay with import duties so the third world has to pay to export to the Euro zone. Here’s a description of how the EU uses protective measures against the third world: http://web.archive.org/web/20130208093112/https://www.tcd.ie/iiis/policycoherence/eu-agricultural-policy/protection-measures.php

As a logical result these third world "banana republics" get financial problems, so need to borrow money from the World Bank and IMF to be able to make end meet, for which in return they do exactly what they are told. So their countries can be plundered even better.
One of the best tricks are trade agreements between countries, at the discretion of the white judges. From 1959 on, BITs became ever more popular; in the early years these BITs were based on the General Agreement on Tariffs and Trade (GATT) of 1947. In 1995 came the next big development in BITs with the General Agreement on Tariffs in Services (GATS), for investments in services. In March 2001, the WTO would design a system to replace democracy with article VIA of General Agreement on Trade in Services (GATS). The GATS Disputes Panel decides if a law is “more burdensome than necessary”, in which case the WTO can simply set it aside.

From the end of the 1980s on there was some kind of explosion in BITs; no longer only between developed and developing countries, but also among and between developed countries, to exclude developing countries. Developing countries got forced to agree on BITs, because without it they couldn’t export, while foreign investors take all the money.

For the history of international treaties for investment see the story of Vandevelde from 2005: http://jilp.law.ucdavis.edu/issues/volume-12-1/van5.pdf

In the following story Anghie names exploitation of developing countries under the guise of international law "positivism": http://law.wisc.edu/gls/documents/tony_anghie_colonialism.pdf

Before transitory heads of state (like presidents) meet at the World Trade Organization (WTO), the Transatlantic Business Dialogue (TABD) provides them with the details of their agenda. TABD pairs influential politicians to powerful CEOs. The corporate directors give the politicians a grade on “the scorecard”. In this way big corporations rule over politrics.
One TABD proposal would reverse the $5 billion judgment against Exxon for the Exxon Valdez oil spill. TABD’s Products Liability Group that, under the guise of eliminating “non-tariff” trade barriers, takes aim at American citizens’ right to sue corporations.

The WTO’s penal system to keep the colonies in slavery is the Trade-Related Intellectual Property Rights (TRIPS). The USA unilaterally exempts itself from TRIPS, so US retailers can still import cheap drugs. The WTO requires, on penalty of sanctions, that every nation pass laws granting patents on genetically modified seeds and drugs. When Thailand tried to register traditional medicines as intellectual property, the US Trade Representative wrote that this would “hamper medical research”, so Thailand got nothing.
Goldman Sachs chaired TABD when Peter Sutherland was president of WTO, and Sutherland went to Goldman Sachs after he left WTO.

Based on the arbitration of Investor-State Dispute Settlement (ISDS) multinationals can sue countries if they think their investments yield too little in return. The effect is that when countries take protective measures for environment, health, workers' rights or human rights, they can be sued by multinationals. If subsidies are granted or if subsidies are dropped, countries can be sued. As far as democratically elected parliaments have something to say, this is even further limited by the ISDS. It is the World Bank that decides on these disputes, in other words: by the ISDS arbitrations, the bankers (the biggest investors) become even more powerful at the expense of the taxpayer.
First the legal team of an investor looks for the most advantageous Treaty and arbitral tribunal for the claims that they were disadvantaged by a country. The ISDS disputes are judged by 3 arbitrators, of which both parties choose 1 arbitrator, who together choose the President of the arbitration tribunal. In order to give the arbitrators the leverage to judge arbitrarily, many treaties are rather vague. 69% of the arbitrators come from North America or Western Europe.

The most indicted country among ISDS is Argentina for hundreds of millions to billions, for the measures it took in 2001, the crisis in Greece was directed by the IMF and the World Bank and Greece was also indicted repeatedly. Most lawyers involved claim an hourly rate of over 500 dollars.

The next quote makes clear how “independent” the ISDS arbitration is, from a lawyer that bragged:
I've got a case right now in front of [a leading international arbitrator]. Every time I go to a conference, he's there. We read each other's books. My opponent on the case ... well, he hasn't got a clue [...]. Between all the partners in our group [...] we've appeared before every single arbitrator worth knowing. Not just once, but multiple times in the past few years and we have the inside knowledge as a result of that.
To ensure that the people do not know what is going on: both the ISDS provisions and TTIP negotiations are done in secret: http://corporateeurope.org/2012/11/chapter-1-introduction

It is the Board of Governors, in which all 189 countries represented, that makes the decisions in the World Bank. The catch is that these countries have a voting power based on their economic status. This means that countries that became rich by plundering the colonies now reward themselves with extra voting power.
The voting ratio depends on the matter concerned: 1) International Bank for Reconstruction and Development (IBPRD), 2) International Development Association (IDA), 3) International Finance Corporation (IFC) and 4) Multilateral Investment Guarantee Agency (MIGA).
I have made a sum of the total voting power for 11 Western European countries with the USA, Canada and Australia. This shows that these 14 countries (with less than 15% of the world's population) have 56% of the voting power on whole.
On MIGA these 14 countries account for a whopping 88% of the voting power. Also striking is that the English speaking USA, GB, Canada and Australia - together account for 36% of the total and 69% for MIGA.

I must be very proud that my home country the Netherlands not only had a starring role in the slave trade, but in 2014 was first place in the whole wide world in claims for the ISDS. Theoretically, a company only has to open a mailbox to use Dutch tax law and BITs.
The following advertisement of my “favourite” law firm De Brauw Blackstone Westbroek, shows that the Netherlands is an ideal country to evade taxes and sue countries based on the many beneficial BITs for the rich and corrupt: http://www.debrauw.com/wp-content/uploads/NEWS%20-%20PUBLICATIONS/Artikel-OGFJ-Geuze-Rebergen-.pdf
Venezuela was also indicted from the Netherlands by oil companies ExxonMobil and ConocoPhillips: http://archive.is/FtZEx

Venezuela, one of the largest oil exporters in the world, for many years has been a country that exports more than it imports for (which should have made this country wealthy). In Venezuela there is both a shortage of products in the supermarkets and power cuts: http://www.infowars.com/scenes-from-the-venezuela-apocalypse-countless-wounded-after-5000-loot-supermarket-looking-for-food/

In 1999, Hugo Chávez seized power in Venezuela and then nationalized the oil industry, because it would be unfair if oil was running out of Venezuela without benefit for the population. In May 2007, he closed the door on the IMF and World Bank.
In 2009, Chávez had to beg for a loan from the IMF, which obligated him to devalue the Venezuelan bolivar (causing inflation). Chávez died in March 2013 and was probably killed by the CIA: http://www.pravdareport.com/opinion/columnists/11-03-2013/124025-hugo_chavez_eath-0/

If Chávez was murdered, he didn´t have cancer, but was poisoned and the Cuban doctors, that gave him radiation, chemotherapy and surgery no less than 4 times, were complicit to murder. Eva Golinger suspects a bodyguard of Chávez, Salazar, who after his death was granted asylum and federal protection in the USA: http://www.strategic-culture.org/news/2016/03/14/murder-chavez-cia-and-dea-cover-their-tracks.html

In 2013 Nicolás Maduro was helped to the presidency. Maduro effectively hampers the industry so that it produces less and less, then sells the imported goods so cheap that these are exported (back) abroad at a profit, so hyperinflation broke out.
Because the underpriced products are exported to other countries, the crisis can spread across South America: http://www.aljazeera.com/indepth/features/2014/03/hoarding-causing-venezuela-food-shortages-20143210236836920.html

The next masterful stroke of Maduro: selling oil and gold reserves. I would say that if Venezuela exports oil, it should be as rich as Saudi Arabia. Selling the gold (e.g. to Citibank and Goldman Sachs) means that Venezuela becomes poorer and poorer: http://money.cnn.com/2015/10/29/news/economy/venezuela-selling-gold/index.html.

Ecuadorian President Jaime Roldos Aguiler and Panamanian President Omar Torrijos were also murdered in 1981.
On Aguiler death it’s known that the Panamanian police reported that his plane was brought down by a bomb, near Loja, but then the national government immediately labelled it an “accident”: https://www.cuencahighlife.com/ecuador-investigates-the-death-of-president-jaime-roldos-attorney-general-says-that-it-could-be-tied-to-the-cias-operation-condor/

On Torijos’ murder there’s much more. Col. Roberto Diaz Herrera on 8 June 1987 stated (he was later arrested and wrote a book)
that Noriega had conspired with Lt. Gen. Wallace Nutting, the chief of the U.S. Army’s Southern Command, based in Panama, “and with the CIA, to plant a bomb aboard the aircraft in which [Noriega's predecessor, and Diaz's cousin] General Torrijos was killed when it crashed in the mountains in 1981″
(archived here: http://archive.is/hs0Vu)

Herrera also implicated Col. Alberto Purcell, who reportedly was paid $250,000 by the CIA. Colonel Manuel Noriega had been involved with the CIA since the late 1950s and was closely connected to George H.W. Bush, and was suddenly called a drug lord and dictator. In 1991 Noriega tried to defend himself in court with evidence that the US government was involved in the murder of Torijos and tried to assassinate Noriega himself: http://articles.sun-sentinel.com/1991-05-01/news/9101220014_1_frank-rubino-gen-noriega-panama


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Pilger, Philippines, Moldova, Brazil
« Reply #4 on: November 16, 2018, 04:04:38 am »
John Pilger’s documentary “War by other means” (1992) is about the wonderful efforts in the 1970s and 1980s by the World Bank and IMF to keep the world enslaved in debt.

Contrary to the myth, it’s the poor of the world who finance the rich, not the other way around. And this video explains how.
It’s really the continuing colonial war, blatantly ignored by the media. It’s been called a silent war. Instead of soldiers dying, there’re children dying - according to the UN, more than half a million per year.

The IMF and World Bank were setup at the Bretton Woods conference in the US in 1944. The World Bank claimed it would finance the reconstruction of Europe and then develop the third world. In reality they are only promoting the interest of the elite. That was true in the 1970s and even more so in the 1980s.
In the 1980s, the World Bank, IMF, US government and British government would blackmail “developing” countries by refusing “loans”.
Every World Bank official is immune from prosecution anywhere in the world.

The debtor countries have paid more than $1.3 trillion from 1982-1992, and their debt burden has risen by 60% in that period. If we don’t put a stop to this, this could go on forever with the debtor countries paying 12 billion dollars every single month…
In the year 1990 alone, the poor countries transferred more than 6 billion pounds net to British banks. On top of this, the banks were allowed tax relief; from 1987 to 1990, 1.6 billion pounds. About 10 times what the British donated to the third world.
In the 1990s, Britain effectively became the poorest European country. In 1992, 1 in 5 British children lives in poverty.

The documentary puts the Philippines in the spotlight.
In order to eat and feed their family, Eddie and his wife, must work at least 12 hours a day for a little more than 2 pounds. Almost 30% of the children born on smoky mountain do not live to the age of 5.
About one Philippine child dies every hour because of the debt crisis. The Philippines spends almost half its national budget on paying the interest on debt to foreign banks.

The year the World Bank declared the Philippines a special case for development, it lend Dictator Marcos more than 4 billion dollars.
The Philippines used to have more than enough food, but for reasons known, agriculture was structurally adjusted. An example is the Calabarzon super-project, demanded by the IMF, which grows food specifically for the export. The new factories will produce profits for foreigners, and… more debt for the Philippines.
Many farmers will end up homeless on the streets of Manila.

Here’s a transcript of the video: http://wake-up.acordem.com/blog/26399/
(archived here: http://archive.is/PCucs)

Maybe the most interesting from the video is the nuclear power plant sham. The Philippines had to borrow $2.6 billion from the Export-Import bank to pay the Westinghouse Electric Corporation for the power plant on the Bataan Peninsula, which will never create a single Watt of electricity.
In July 1973, President Ferdinand E. Marcos announced the decision to build a nuclear power plant. In 1974, it was Westinghouse that got the deal by bribing Marcos. According to Filipino lawyers, bankers and Government officials, Dictator Marcos received most of the $80 million in bribes. The payment, first went to Herminio Disini, who laundered the money through Switzerland, and transferred most of it to Marcos.
In 1975, Disini was rewarded for his work, when Marcos issued a secret presidential decree that effectively put Disini's competitor out of business.

The deal was underwritten by the US government through the Export-Import bank and some private banks. The Export-Import bank was founded to help US business overseas, by providing loans.
William Casey, the later director of the CIA, then Director of the Export-Import bank, went to Manila and recommended Congress to give an initial loan so that the other banks would join to provide more loans.
In June 1974, even before Westinghouse had submitted a detailed bid, Secretary of Industry Vincente Paterno described the Westinghouse deal in a memo to Marcos as “one reactor for the price of two”. It was later discovered that Westinghouse sold similar technology to other countries for only a fraction of the price.

Westinghouse got the deal with an estimate of $500 million, then the project was delayed over and over again, until the price was around $2.2 billion. All things considered the final cost for the Philippines is estimated at $2.6 billion. Of course, the Filipinos have to pay…
After Marcos was overthrown in 1986, President Corazon Aquino declared the Bataan Power Station unsafe and it was closed forever. Later a US judge found evidence of bribery, which was then settled out of court. Westinghouse agreed to pay the Philippines $100 million. As part of the deal (?), the Aquino government then gave Westinghouse another $400 million dollars for further “work”, which were again borrowed from the Export-Import bank and has to be repaid by the Filipinos...
Since Aquino was brought to power, the poverty level was raised by another 10%, to 70% of the Philippine population.

In 1986, several Philippine ministers suggested that the Philippines' $26-billion foreign debt must be lowered. At the time, the government owed $1.2 billion on the Bataan plant project. The biggest creditor is the US Export-Import Bank, which advanced $550 million for the project. Other loans came from a syndicate led by Citicorp and from Swiss and Japanese banks.
In May 2011, it was announced that the plant would be turned into a tourist attraction.

Interest costs for the power plant, in 1986, were $210 million a year; 8% of the Philippines' total foreign debt of $26 billion: http://www.nytimes.com/1986/03/07/world/filipinos-say-marcos-was-given-millions-for-76-nuclear-contract.html?pagewanted=all&mcubz=1
(archived here: http://archive.is/ApLT2)

Unfortunately Moldova doesn’t get much attention in the state media, but it is a text book example of destroying the economy by the banksters. Moldova is one of the former countries that came into existence when the Soviet Union fell apart.

The story is that the Israeli-born Ilan Shor used 3 banks in Moldova to steal $1 billion; compare this to its Gross Domestic Product of less than $8 billion. The conspirators first took control of the banks and then lent themselves nearly $1 billion, collateral-free.
They transferred the money out of Moldova to banks in Latvia on accounts held by U.K.-based limited partnerships (shell companies); the money then mysteriously disappeared. Shor denied any involvement in the secret takeover and looting of these banks: https://www.bloomberg.com/news/articles/2015-05-07/did-this-28-year-old-banker-help-steal-1-billion-from-moldova-

Let’s see if we can understand what happened. Three Moldovan banks created $1 billion worth of “money” out of thin air, that disappeared and now the Moldovan people – the poorest country in Europe – have to repay this “money”. They claim that the “loans” moved through a “complex web of transactions and that the records of many transactions were deleted from the banks’ computers”.
This is impossible. Computers of banks are designed so that nobody can remove transactions (not even the administrators). Furthermore this is impossible without the Moldavian Central Bank helping to arrange this crime (creating $1 billion in loans in a single action?!).
Ilan Shor and Vlad Filat (prime minister from 2009 to 2013) are serving years in prison for their involvement in the theft of National Bank reserves. Vladimir Plahotniuc was/is the leader of the Democratic party of Moldova and was also accused. Plahotniuc fled the country to Geneva (Switzerland). In July, August of this year Mihail Gofman was lobbying in Washington DC: http://archive.is/yHqPo
It looks like these 3 are scapegoats for the bankers...

According to economic expert Gheorghe Costandachi the National Bank of Moldova (NBM) is intentionally destroying the economy. There are enormous quantities of liquidity in banks, but the NBM majors the mandatory reserve rates which will effectively make loans impossible. Such a strategy is pushing the economy to a grinding halt. The problems become even greater when Moldova also has to repay the disappeared $1 billion.
After the economy crashes the rich (foreign) investors (=bankers) can buy the economy pennies for dollars, while Moldova remains poor. The NBM governor could have stopped the robbery of $1 billion, but didn’t intervene. In Ukraine, the minimum wage is $240 a month, while Moldova lives impoverished at $85 in 2012 American dollars: http://web.archive.org/web/20170125193725/http://jurnal.md/en/economic/2015/6/10/economic-expert-nbm-actions-risk-to-destroy-the-business-environment-of-moldova/

The average yearly salary in Moldova is less than $2000 per year (that’s average, so the median is even lower). There’s inflation so the bills get higher, so people got angry and riots broke out. See this picture of September 2015.

Neighbouring country Romania offered Moldova a $162.5 million loan package in October 2015. After the first $65 million tranche Romania blackmailed Moldova by saying that it will not get the second tranche unless Moldova “undertakes a real fight against corruption, implements reforms targeting the justice sector and signs a draft loan agreement with the IMF”. Basically this means they have to let IMF and World Bank finish Moldova off: http://www.ibtimes.com/moldova-economic-crisis-how-banking-scandal-political-corruption-led-protests-europes-2295822

Nearly 17% of the Moldovan population live below the poverty line. In response to the $1 billion bank fraud (by the Moldavian Central bank), the EU, International Monetary Fund and World Bank have frozen their financial assistance to Moldova. According to the US Embassy in Chișinău, protests highlight the frustration experienced by many Moldovans due to lack of reforms in their country. Yeah sure... these people cannot get food on their plate and they would worry about “reforms”: https://en.wikipedia.org/wiki/2015%E2%80%9316_protests_in_Moldova

The Democratic party of Moldova have contracted the Podesta group (very close to the Clintons) for lobbying services in June 2016 for 600,000 dollars (of course it isn’t suspicious that this kind of money is paid for “lobbying”): http://www.moldova.org/en/democratic-party-moldova-pay-600k-podesta-group-lobby-services/
It’s none other than the Soros Foundation of Rothschild agent George Soros that is monitoring the Legal system in Moldova: http://www.soros.md/en/event/2010-12-15

That’s the same George Soros that in late 1989 arranged with the Polish Prime Minister Mieczyslaw Rakowski and the leaders of Solidarnosc to bankrupt its industrial and agricultural enterprises, using astronomical interest rates, withholding state credits, and burdening firms with unpayable debts. After the economy of Poland crashed the economy could be bough dirt cheap. An example is the steel facility Huta Warsawa that was bought for $30 million, but was worth at least $3 billion.
In late 1991 Soros arranged a similar plan with the Yeltsin circle for Russia. It was Soros who introduced Jeffery Sachs and shock therapy (draconian cuts in state spending to an economy that totally depended on the state) into Russia. Since January 2, 1992, shock therapy was introduced with chaos and hyperinflation as a result: http://balder.org/judea/George-Soros-The-Secret-Financial-Network-Behind-The-Wizard--By-William-Engdahl.php

The World Bank has been “helping” Moldova since 1999 and claims impressive progress because the poverty rate was reduced from 72% in 1999 to 22% in 2010 (remember: an average year salary of less than 2000 dollar).
An estimated 18,000 pregnant women cannot buy food and need food aid packages because of the increase in food prices in the summer of 2008. The Strengthening the Effectiveness of Social Safety Nets Project is “helping” over 50,000 poor households with “targeted” social assistance. In a country of 3.5 million that’s a very large impoverished percentage.
Apparently much progress has been made by “the use of ICT as a tool for improved public services, greater transparency and efficiency”. An automated social assistance information system has been developed for the Ministry of Labour, Social Protection and Family to maintain records of persons requiring social services. Read what this means: Moldovans cannot buy food to eat and now the World Bank has arranged that they all have computer files (Big Brother is watching them too!).
Where 50,000 are too poor to buy food the World Bank has rehabilitated over 40 primary healthcare centres. So the health care can guarantee the amount of poor people will reduce: http://www.worldbank.org/en/news/feature/2012/10/17/world-bank-moldova-20-years

In this year’s Moldovan presidential election even a former World Bank economist - Maia Sandu – has tried to get elected. But it was Igor Dodon that won with a landslide: http://www.rferl.org/a/moldovana-face-critical-choice-in-presidential-run-off/28112323.html

Brazil – Paulo Guedes
With the support of Steve Bannon: Jair Bolsonaro was elected as Brazil’s next president.
While Jair Bolsonaro ran his election on a platform of making an end to corruption, his Chief economic adviser, banker Paulo Guedes, was caught in a corruption probe.
Guedes was educated in the US at the University where Milton Friedman’s economic theories rules supreme. Paulo Guedes’ strategy is very similar to the strategy that World Bank and IMF use to strangle the economies of “developing” countries.

Paulo Guedes was one of the founders of: Banco Pactual, the Instituto Millenium (Millennium Institute), and Plano Real. Guedes has also directed several investment funds and companies.
I guess that Bolsonaro didn’t promise to raise taxes but Guedes is planning greater tax revenues (or higher taxes)...

Guedes has promised to cancel the fiscal deficit (it will reach 160/180 billion reais in 2018) within a year. By selling Brazil by the pound; his aggressive plan of privatisation could bring about 800 billion reais to the State, leaving the Brazilian population in the claws of the investment bankers.

Guedes will introduce a new contributory system, so the (slave) labourers pay more to the pension funds, while cutting “gold pensions”, which will lead to a lower burden on businesses.
Guedes plans reduced interest rates, which supposedly is a boost for the economy, but of course only the big corporation will profit, and inflation will rise.

Guedes also support the “globalists” by increasing import-export, which will surely support the rich and corrupt - reducing import tariffs and creating international bilateral agreements: https://updatebrazil.wordpress.com/2018/10/22/the-6-key-points-of-the-thought-of-paulo-guedes-superminister-of-the-bolsonaro-economy/
(archived here: http://archive.is/Vxvy2)

For more information on how Steven Bannon, of Goldman Sachs, Breitbart and Cambridge Analytica, is rigging this year’s presidential election in Brazil: https://www.lawfulpath.com/forum/viewtopic.php?f=27&t=1398#p5455
« Last Edit: November 16, 2018, 04:08:54 am by Firestarter »
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William Engdahl - A Century of War Part II
« Reply #5 on: November 25, 2018, 10:41:39 am »
On 4 November, I ordered (a paper version of) the book by William Engdahl from Bol.com (maybe the biggest online shop in the Netherlands). On 10 November, I was informed that the book was delivered, and I had to pay within 2 weeks.
On 19 November the book was still not delivered, so I logged in to complain. This wasn’t the first time that something goes wrong when I order something from Bol.com...
I first got asked for the Order nr. The previous times that I complained, this wasn’t asked. Then I got the bizarre question for my emailadress, the third time this was explained “for verification” (I was logged in with my emailadress!).
Then they even got rude, insisting that the book had been delivered according to the “Track & Trace code” and demanding that I contact my neighbours. After the third time of this demand, I asked for the “Track & Trace code” and then immediately was asked if I would like to order the book again. After my third request for the “Track & Trace code”, it was finally given. When I looked it up on Postnl.nl it wasn’t found.
I asked to cancel the payment order, to which I got answered that this isn’t possible. On my insisting that the book wasn’t delivered, I was asked if I want it “afboeken”, to which I answered “yes” (I’m not sure what this means).

In this post I’ll finish my summary of Engdahl’s excellent book (see the Original Post) on some of the wondeful work by the IMF in the 1990s....

Destroying Asia’s tigers
The G-7 meeting in September 1985 at the Plaza Hotel was designed to bring the overvalued dollar down to manageable levels. The Bank of Japan, at the request of Washington, cut interest rates down to 2.5% in 1987, where it remained until May 1989. At first, instead of more Japanese purchases of US goods, investors won big on the rising Nikkei stock market, creating a colossal bubble, also of real estate prices. Stock prices rose at least 40% annually, while real-estate prices in and around Tokyo ballooned with an increase of around 90%.
After the yen rose from 250 to only 149 yen to a dollar, Japanese capital flowed into US real estate, US government bonds and US stocks, thereby aiding the presidential election of George H.W. Bush.

In 1988, the world’s greatest stock and real-estate bubble had been created with the Nikkei index rising 300% in only 3 years since the Plaza accord. The nominal value of all stocks listed on the Nikkei stock exchange accounted for more than 42% of the world stock value!
The major Wall Street investment banks, led by Morgan Stanley and Salomon Bros., used exotic new derivatives and financial instruments to turn the decline of the Tokyo market into a near panic sell-off, as the Wall Street bankers made a killing by put options in Nikkei stocks. By March 1990, the Nikkei had lost 23%, more than $1 trillion from its peak, within months, Japanese stocks had declined nearly $5 trillion.

East Asia had been built up during the 1970s and especially the 1980s by Japanese state development aid, large private investments and MITI support. In east Asia during the 1980s, a high worker productivity and economic growth rates of 7–8% per year were normal, leading to an overall rise in the standard of living in Asia.
In January 1990, Japan’s Prime Minister Kaifu travelled to West Europe, Poland and Hungary, to discuss the economic development of the former communist countries of East Europe. In early 1990, President Bush Sr sent defense secretary Dick Cheney to Tokyo to “discuss” drastic US troop reductions in a thinly disguised form of blackmail.

Now the countries in East Asia were told to open their markets to foreign capital flows and short-term foreign lending. Between 1994 and May 1997, bubbles in luxury real estate, stock values and other assets were made by a sudden flood of foreign dollars.
Rothschild agent George Soros, head of Quantum Fund, acting in secrecy, was armed with an undisclosed credit line from a group of international banks including Citigroup. They gambled that Thailand would be forced to devalue the baht and break from its peg to the dollar. In May 1997, Soros, Julian Robertson (head of the Tiger Fund and reportedly also of the Long-Term Capital Management hedge fund, whose management included former Federal Reserve deputy David Mullins), unleashed a huge speculative attack on the Thai currency and stocks. By June, Thailand was forced to float the baht and was ask the IMF for “help”. Swiftly the same hedge funds and banks crashed the Philippines, Indonesia and finally South Korea, making billions in the process.
The populations sank into chaos and poverty. While the east Asian countries had a combined account deficit of $33 billion in 1996 speculative money flowed in. In 1998–1999, it rose to $87 billion. By 2002, it peaked at $200 billion. Most of that money returned to the US in the form of Asian central bank purchases of US Treasury debt, effectively financing Washington policies.

Destroying Yugoslavia
Even before the fall of the Berlin Wall, Washington and the IMF were working “shock therapy” in Yugoslavia. In 1989, the IMF demanded that prime minister Ante Markovic would structurally reform the economy.
In 1990, the Yugoslavian GDP sank with 7.5%, and another 15% in 1991. The IMF ordered wages to be frozen at 1989 levels, while inflation rose dramatically, leading to a fall in real earnings of 41% by the first half of 1990. By 1991, prices had risen with more than 140%.
To make matters worse, the IMF ordered full convertibility of the dinar and “freeing” interest rates.

The living standard of Serbs, Kosovans, Bosnians, Croats and others declined dramatically. The IMF explicitly prevented the Yugoslav government from obtaining credit from its own central bank, crippling the ability of the central government to finance social and other programs.
This led to the formal declaration of independence by Croatia and Slovenia in June 1991. In 1992, Washington imposed a total embargo on Yugoslavia, freezing all trade and plunging the economy into chaos, with hyperinflation and 70% unemployment as the result.

In a June 1990 EU summit, Dutch prime minister Ruud Lubbers proposed a European energy community, to bind the countries of the “European Economic Community with the USSR and the countries of Central and Eastern Europe”. In 1995, the EU had initiated the Interstate Oil and Gas Transport to Europe (INOGATE) program, “to promote the security of energy supplies”.
In February 1999, just before the Clinton administration began bombing Serbia, EU commissioner Hans van der Brock stated as the goal of INOGATE: “to help free the huge gas and oil reserves of the Caspian Basin by overcoming … bottlenecks which have impeded access to local and European markets”.

A pipeline route, Albanian Macedonian Bulgarian Oil Pipeline Corp. (AMBO), backed by the US government and First Boston Bank, had been on hold for several years. Before it could move ahead, Washington decided it had to get rid of the Milosevic regime obstacle. Thousands of tons of bombs later, and after an estimated $40 billion of destruction to the economy and infrastructure, the Pentagon began construction of one of the largest US military bases in the world - Camp Bond Steel near Gnjilane in southeast Kosovo, for 3,000 soldiers. By 2001, Washington was in control of the Balkans.
In June 1999, when the bombing of Serbia was finished, the US government announced it was funding a feasibility study for the AMBO pipeline. The AMBO feasibility study was done by Halliburton Corporation’s Brown & Root, when Dick Cheney was chairman. The US ambassador to the UK from 2001 to 2004, William Farish, a trusted friend of the Bush family and heir to the Standard Oil fortune, admitted that the oil riches of the Caspian area was a major reason for American interest in the Balkans.

For more information on the destruction of Yugoslavia: https://www.lawfulpath.com/forum/viewtopic.php?f=7&t=1359

Destroying Eastern Europe – IMF
Mikhail Gorbachev privately met with the Honecker communist leadership in East Germany, and more or less ordered them to give way to the popular movement for “freedom” sweeping East Germany. Within weeks, the old order in the DDR was swept aside in a popular revolution.
On 29 November 1989, days after the collapse of the Berlin Wall, Deutsche Bank head Alfred Herrhausen was blown up in his armoured car. Herrhausen was a key adviser to the Kohl government, who had told of his plans to turn East Germany into Europe’s most modern economic region in 10 years.

In July 1990, at a meeting of the G-7 industrial nations in Houston, Texas, US Secretary of State James Baker said:
We have agreed to ask the IMF … to undertake a detailed study of the Soviet economy … to make recommendations for its reform.
Harvard economists, like Jeffrey Sachs, were flown to Moscow to assist in the destruction of the old central state apparatus. In 1992, the IMF demanded a free float of the Russian ruble. Within a year, consumer prices had increased with 9,900%, while real wages fell with 84%. Industrial production fell to half its earlier level as inflation passed levels of 200%. Average life expectancy for men dropped to 57 years by 1994, the level of Bangladesh or Egypt.
IMF shock therapy was intended to create weak economies all around Russia, so that they had to depend on Western capital.

In 1996, the IMF provided Russia a $6 billion loan only if Anatoly Chubais was made minister for privatisation.
In 1997, George Washington University Professor Peter Reddaway wrote that Chubais had been accused in Russia of “censoring the media, undermining democracy, engaging in dubious personal dealings, taking orders from Washington and building a criminalized form of capitalism”. This was reason enough for deputy Treasury secretary Lawrence Summers to back him.

Ukranian agriculture was deregulated on IMF and World Bank demands.
In the late 1990s, the world oil prices had increased to more than $30 per barrel.
As a result of the IMF demands, the people were forced to buy local goods at dollar prices.The price of bread shot up by 300%, electricity with 600%, and public transportation with 900%. With sky-high electricity costs and no bank credit, state industries were forced into bankruptcy. Foreign speculators could pick up the economy at dirt-cheap prices.

Best of all, the oil and gas riches of the former Soviet Union could be scooped up by the US and British oil multinationals. In 1998, the IMF estimated that 17 Russian oil and gas companies, with a market value of at least $17 billion, had been sold by Chubais for $1.4 billion. Companies like Lukoil, Yukos, Sibneft and Sidanko were created.
The state gas monopoly Gazprom, the world’s largest gas producer, was worth about $119 billion; 60% of Gazprom was sold to private Russian groups for some $20 million.

William Engdahl – A Century of War; Anglo-American Oil Politics and the New World Order (first published in 1992, but updated since): http://www.takeoverworld.info/pdf/Engdahl__Century_of_War_book.pdf


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Mont Pelerin Society
« Reply #6 on: December 01, 2018, 10:43:31 am »
For more on who brought Adolf Hitler to power in Germany: https://www.lawfulpath.com/forum/viewtopic.php?f=7&t=1340
The World Bank, International Monetary Fund, and United Nations were formed as the result of the Second World War.
After finding links between Count Coudenhove-Kalergi’s Pan-Europa Union (PEU) and foreign policy of the Nazis, I looked a little further to find that the same psychopaths that financed Hitler were also associated to the PEU and the Mont Pelerin Society that are continuing the agenda of a World government.

In 1923, Count Coudenhove-Kalergi launched the Pan-Europa Union of which Hjalmar Schacht became the first member. Coudenhove-Kalergi was financed by Rothschild, Paul Warburg and Bernard Baruch. Coudenhove-Kalergi was related to Rothschild agent and the brother-in-law of Paul Warburg, Jacob Schiff (1847-1920), who made Kuhn, Loeb & Co. into a banking powerhouse, and was the architect of the Federal Reserve. The Warburgs also financed the Bolshevik Revolution in Russia.
Other top Nazis and fascists that supported the PEU, included Walter Funk (Schacht's handpicked successor as finance minister) and Benito Mussolini. Other backers of Pan-Europa included Winston Churchill; Columbia University President Nicholas Murray Butler, leading patron of the Comintern's Frankfurt School; and American Fabian socialist Walter Lippman.
Coudenhove-Kalergi wrote in “Crusade for Pan-Europe: Autobiography of a Man and a Movement” (1943) that “ Haushofer, Schacht, and Funk did and probably still do everything to convince Hitler of the necessity of creating some kind of European federation under German hegemony”.

In October, 1926, Governor of the Bank of France, Emile Moreau, sent general manager of the Bank of France, Pierre Quesnay, to London to find out what Governor of the Bank of England, Montagu Norman, was up to.
Quesnay reported back:
The economic and financial organization of the world appears to the Governor of the Bank of England to be the major task of the Twentieth Century. In his view politicians and political institutions are in no fit state to direct with the necessary competence and continuity this task of organization which he would like to see undertaken by central banks, independent at once of governments and of private finance.

Carl Menger trained a generation of Austrian School economists, including Eugen von Boehm-Bawerk, Ludwig von Mises, and Friedrich von Hayek. Von Hayek attended the Boehm-Bawerk seminars at Vienna--along with future Bolshevik leader Nickolai Bukharin. Von Hayek was strongly influenced by Austrian aristocrat Ludwig von Mises (1881-1973). Ludwig von Mises also participated in Coudenhove-Kalergi’s Pan Europe movement.
Von Hayek traced his own philosophical roots to the early eighteenth century Satanist, Bernard Mandeville. On 23 March 1966, Von Hayek lauded Mandeville as a “master mind”, the inventor of modern psychology, and as the true intellectual forbearer of David Hume, Adam Smith, Jeremy Bentham, Carl Savigny and Charles Darwin. Von Hayek called Mandeville's poem “The Fable of the Bees” perhaps the “greatest philosophical treatise ever composed”.

In 1931, Friedrich von Hayek was invited to deliver a series of lectures at the London School of Economics. During this period, he became part of the British Fabian Society.
In  1940, Von Mises migrated to New York, with funding from the Rockefeller Foundation. Von Mises’ students at New York University included Arthur Burns, who would become Federal Reserve Chairman (1970-78), and Milton Friedman.

Then in 1939, Von Hayek initiated the Society for the Renovation of Liberalism, with Frank Knight and Henry Simons (who would later teach Milton Friedman at the University of Chicago); Walter Lippman; Viennese Aristotelian Society leader Karl Popper; fellow Austrian School economist Ludwig von Mises; and Sir John Clapham, a senior official of the Bank of England who from 1940-46 was president of the British Royal Society. In April 1947, the Mont Pelerin Society was founded by Von Hayek in Switzerland as its new incarnation.
The sister organisation to Mont Pelerin was the Pan European Union. Leading Mont Pelerin figures, including Von Hapsburg and Lippman, were also prominent in the Pan Europe movement.
The radical policy that Von Hayek proposed – strict monetarism, near-total deregulation, and Pan-European federalism – was almost the same policy as Hitler’s National Socialism. The concept of a Pan-European federation was a cornerstone of Von Hayek’s scheme.

The Mont Pelerin Society was originally financed by the top European aristocratic families, including the Thurn und Taxis, Wittelsbach, Hapsburg and Kalergi families. The same families financed the Pan European Union. Today, the entire Mont Pelerin organisation is an asset of the House of Windsor-led Club of the Isles.
Among the other founders of the Mont Pelerin Society were:
Otto von Hapsburg, Crown Prince to the Austro-Hungarian throne and cofounder of the PEU, later honorary professor of the University of Jerusalem, and recipient of the “International Humanitarian Award” of the Anti Defamation-League (ADL);
Max von Thorn und Taxis, the head of the 400-year-old Venetian aristocratic Thorn und Taxis family;
Walter Lippman, a German Jew who had been an adviser to President Woodrow Wilson and assisted in the drafting of Wilson’s Fourteen Points, which was the basis for the Paris Peace Treaty and the foundation of the League of Nations;
Karl Popper, an Austrian Jew.
Other founders of the Mont Pelerin Society were prominent members of various Eugenics societies, whose agenda included population reduction by means of sterilisation, controlled breeding and genocide. This included Ralph Harris (1924-2006), a leader of the British Eugenics Society that had earlier helped draft Hitler’s race laws. Harris was also a director of Rupert Murdoch’s Times Newspapers from 1988 to 2001.

Friedrich von Hayek established a worldwide network of right-wing think tanks.
Antony Fisher was elected to the Mont Pelerin Society in 1954. In 1955, he founded the Institute of Economic Affairs (IAE) in London, as the first of dozens of front groups for Mont Pelerin. Other IEA founders included Von Hayek and Ralph Harris.
In recognition of the Mont Pelerin Society’s loyal service, Queen Elizabeth II made Ralph Harris a peer for life and knighted Antony Fisher and Allan Walters. Walters was given an office at 10 Downing Street as Thatcher’s resident economic advisor.

University of Chicago Professor Milton Friedman was president of the Mont Pelerin Society from 1970 to 1972. From 1981 to 1988, Friedman was an adviser to Ronald Reagan.
In 1973, Mont Pelerin orchestrated the launching of the Coors family think tank, the Heritage Foundation, in Washington. On 20 February 1980, Margaret Thatcher sent a letter to Fisher to endorse the project. On 8 May, Milton Friedman threw his support behind the international effort: “Any extension of institutes of this kind around the world is certainly something ardently to be desired”.
In 1981, Fisher launched the Atlas Economic Research Foundation in San Francisco, now headquartered on the George Mason University campus in Fairfax, Virginia near Washington. In February 1985, Fisher wrote of the need to transform the “extremist'' anti-government, radical free market policies of the von Hayek Mont Pelerin Society apparatus into the ‘new orthodoxy' through the launching of hundreds of small think tanks on every continent”.

Since 1977, Edwin Feulner was President of the Heritage Foundation, which launched the myriad of right-wing think tanks that litter the American political landscape today. From 1996-1998, Edwin Feulner was also President of the Mont Pelerin Society and Senior Vice President in 2000 and then the Treasurer..
Feulner also served on the Board of Governors of the Council for National Policy (CNP) in 1982 and 1996 and the CNP Executive Committee in 1988 and 1994.

In 1981, the Hunt brothers funded the right-wing Moral Majority, headed by Jerry Falwell, and also provided the start-up money for the Council for National Policy, of which Nelson Bunker Hunt was the second president.  The Hunt brothers funded the CNP to promote the Conservative Revolution which has corrupted the Christian Church with political activism and laissez faire economics.
Nelson Bunker was also a board member and leading financier of the John Birch Society and a member of a racial eugenics society, the International Association for the Advancement of Eugenics and Ethnology. For more on the Council for National Policy: https://forum.davidicke.com/showthread.php?t=316358

In 1974, Fisher established the Fraser Institute in Vancouver, Canada and the Pacific Institute for Public Policy Research in San Francisco in 1978. Sir Antony Fisher also cofounded the Manhattan Institute in 1977 with Friedrich von Hayek.
In 1994, Manhattan Institute scholar Charles Murray, co-authored “The Bell Curve”, to “prove” the intellectual inferiority of black races: https://watch.pairsite.com/synarchy-4.html (archived here: http://archive.is/988BC)
http://american_almanac.tripod.com/vonhayek.htm (archived here: http://archive.is/V0XKh)


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The 2019 market crash
« Reply #7 on: December 05, 2018, 10:27:37 am »
It’s not a question of “if” but only of “when” they will orchestrate another market crash...

It’s a certainty that after the historically low interest rates, the Fed made the interest rates zero from 2008 until December 2015. This was in response to the crash of the inflated housing bubble that the Fed created with about 2 years of 1% interest rates. So this time the bubble has been inflated much more.
Trillions of dollars in cheap money have fuelled the second-longest economic expansion in U.S. history, as measured by GDP. The market has been rising for nearly a decade straight without a 20% correction. It’s unlikely that this will continue beyond July 2019, as there as a never been a longer rise in US history. By historical standards, the current bubble will be crashed likely before that time.

Since December 2015, the Fed has been steadily raising interest rates, roughly 0.25% per quarter. It’s just a matter of time that they will orchestrate a chain of events that could become the biggest crash in history, followed by a recession of major proportions.
Around 84% Fed interest rate-hiking (16 of the last 19 times) have ended in a crisis. See some of the examples in the chart below.

1929 Wall Street Crash - The Federal Reserve’s easy money policies of the 1920s, created an enormous stock market bubble. In August 1929, the Fed raised interest rates and only a few months later, the bubble burst on “Black Tuesday”, when the Dow Jones lost over 12%. Between 1929 and 1932, the stock market lost 86%.
1987 Stock Market Crash - In February 1987, the Fed withdrew liquidity from the market; this made interest rates rise. They continued this until the “Black Monday” crash in October 1987, when the S&P 500 lost 33% of its value.
Asia Crisis and LTCM Collapse – By a period of relatively low interest rates, a bubble was created. Then in the mid-1990s, Greenspan’s Fed raised rates. This time the crisis started in Asia, spread to Russia, and then hit the US, where markets fell over 20%.
Tech Bubble - Greenspan’s next rate-hike cycle helped to bust the tech bubble, which he’d helped to inflate with low interest rates. After the tech bubble burst, the S&P 500 was halved.
Subprime Meltdown and the 2008 Financial Crisis - In 2004, the Fed embarked on another rate-hiking cycle. When mortgages collapsed, financial institutions couldn’t keep up. This created a cascading crisis that nearly collapsed the global financial system. The S&P 500 fell by over 56%: http://patriotrising.com/this-is-how-the-everything-bubble-will-end/
(archived here: http://archive.is/loMBi)

If you buy $20,000 with loaned money, you could claim that your “personal GDP” is soaring, but in reality you would put your family in a precarious financial position.
The following 8 examples show that the current financial condition of the US is a “horror show”…

#1 US consumer credit hit another all-time record high.  In the second quarter of 2008, total consumer credit reached a total of $2.63 trillion and in 2018 that has soared to $3.87 trillion (a 48% increase in 10 years).
#2 Student loan debts have hit another all-time record high at more than $1.5 trillion dollars (an increase of almost 80% in 8 years).
#6 According to one recent study, the “rate of people 65 and older filing for bankruptcy is three times what it was in 1991”.

#5 Real wage growth in the US has recently declined by the most in 6 years.
#7 In 2018, already 57 major retailers have announced store closings.

#8 The size of the official US budget deficit is up 21% under President Trump.
#9 It is estimated that interest on the national debt will surpass half a trillion dollars for the first time in 2018.
#10 Goldman Sachs has estimated that the yearly US budget deficit will surpass $2 trillion dollars by 2028: https://www.zerohedge.com/news/2018-08-13/10-numbers-prove-americas-current-financial-condition-horror-show
(archived here: http://archive.is/Bb5yD)

A strange effect of the long-time historic low interest rates is that investors get more yield on the 3-year than on the 5-year Treasury note.
This could be a sign that the crash is coming shortly: https://www.aol.com/article/finance/2018/12/03/the-treasury-yield-curve-just-inverted-sounding-the-alarm-for-recession/23607515/

Often state propaganda is being spread by our wonderful media on the “low” unemployment figures. We are for example told that unemployment in the US is only 3.8% - the lowest “in nearly 50 years”.
The truth is that current unemployment isn’t “low” at all. For years, the US government has been taking numbers out of one category and putting them into another category. While the official number of “unemployed” Americans keeps going down, the number of Americans “not in the labor force” keeps going up.

According to the Federal Reserve, there were 6,065,000 working age Americans unemployed last May.
According to the same Fed, another category of 95,915,000 working age Americans are not “officially unemployed” because they are considered to be “not in the labor force”.

When you add 6,065,000 and 95,915,000, there are 101,980,000 working age Americans that didn’t have a job last month. That’s an all-time record high; higher than it was during the last recession, when the number of working age Americans without a job never surpassed 100 million.
According to John Williams, the unemployment rate is actually 21.5%.

There is nothing “sustainable” about the current economic situation of the US.  It looks like we are in the terminal phase of greatest debt bubble in history. We can expect that this bubble will implode in the near future. I guess that banks are ready to take away more of our assets...
All of the US’s long-term financial imbalances have continued to get worse since the last recession.
Time is running out, but most Americans rather look the other way: http://theeconomiccollapseblog.com/archives/the-truth-about-the-employment-numbers-nearly-102-million-working-age-americans-do-not-have-a-job-right-now
(archived here: http://archive.is/8ZOex)

In 2016, Donald Trump promised that he could rid the US national debt of $19 trillion debt in 2 terms as president "over a period of eight years".
Trump warned that the US is "sitting on a bubble right now that's going to explode".
His “new” budget plan looks more like a ballooning deficit, that will likely swell debts and deficits. According to Goldman Sachs, the budget bill will increase the US deficit by $1.1 trillion next year. At more than $20 trillion, greater than the annual GDP, the United States' debt is already at its highest level since World War II.

Because of the December tax cuts, of which the wealthy profit most, the federal revenues are cut by $1.5 trillion over 10 years.
There is a $1.5 trillion plan to upgrade the nation’s infrastructure.

The budget deal calls for an additional $300 billion in defence spending over 2 years.
Trump said in an Oval Office appearance in February:
We're going to have the strongest military we've ever had, by far.
In this budget we took care of the military like it's never been taken care of before.

After the peak in the deficit in the wake of the 2008-2010 recession, President Barack Obama’s administration reduced the deficit from 9.8% of GDP in 2009 to 2.4% by 2015.
After it reached $666 billion in the 2017 fiscal year, the deficit will likely hit $1 trillion in 2019.
In fiscal year 2018, borrowing by the US Treasury will climb to $1.4 trillion from $550 billion in 2017: https://www.yahoo.com/news/stimulus-puts-us-debt-upward-trajectory-193132670.html
(archived here: http://archive.is/un9Kv)

The bubble hasn’t only been inflated by the low interest rates, but since the beginning of 2015 also by the low oil prices (normally the low interest rates, would support a higher oil price).

This month, the Alberta government in response to the low oil price has ordered a mandatory cut of crude oil production and bitumen by 8.7%, or 325,000 barrels per day, starting in January: https://www.cbc.ca/news/canada/calgary/oil-price-gap-explained-1.4931209

It must be easy to bust the bubble, when “they” control the markets and media:
Oil prices jumped by more than 5 percent on Monday after the United States and China agreed to a 90-day truce in a trade dispute, and ahead of a meeting this week of the producer club OPEC that is expected to agree to cut supply.

U.S. light crude oil CLc1 rose $2.92 a barrel to a high of $53.85, up 5.7 percent, before easing slightly to around $53.50 by 0830 GMT. Brent crude LCOc1 rose 5.3 percent or $3.14 to a high of $62.60 and was last trading around $63.15.

Just a combination of rising interest rates and oil prices could be enough.
Maybe stories like these even help "them" to orchestrate crashes...


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The coming market crash
« Reply #8 on: December 13, 2018, 11:54:43 am »
According to financial “experts” inversion of interest rates (that is: higher interest on short-term loans than on long-term loans) is a reliable “recession indicator”. In the past inversion of interest rates has frequently preceded a recession.
Most interest rates haven’t inverted (only the 3-5 yield); the “most important” relationship — between the 3-month and 10-year government notes — is not inverted.
The best signal of a coming recession is when a bulk of the yield spreads have gone negative simultaneously. When that happened it usually took several months before the economy actually slipped into recession.

You should look at the trend of the data which looks like the inversion of other interest yields could happen soon.
Financial “expert” Jeffrey Gundlach said:
The rate on the 2-year has already jumped above the shorter-term 5-year note, a move that suggests the ‘economy is poised to weaken.


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LaRouche – Ugly Truth About Milton Friedman
« Reply #9 on: December 13, 2018, 11:55:17 am »
In this post my summary of a book by Lyndon LaRouche “… About Milton Friedman”; it’s more a history lesson on British monetary policy destroying mankind than about Friedman, who won the Nobel Prize for economics in 1976.
LaRouche also tries to give “his” ideas on sound economics, based on Charles de Gaulle’s economic adviser Jacques Rueff, who he had worked with, which I don’t subscribe to. It sounds to me that his whole idea is investments and government spending to “fix” the economy…

Drugs, VOC, East-India
The British Empire was founded on the opium trade, as Kalimtgis, Goldman, and Steinberg document in “Dope, Inc.”: https://www.lawfulpath.com/forum/viewtopic.php?f=7&t=1366#p4968

The Jesuits reached the orient after the first Portuguese trade and military inroads at the end of the sixteenth century. When the Dutch drove the Portuguese out of Asian trade, they negotiated with the Jesuits on the Chinese trade. The Dutch took over the centuries-old dope-trading routes from the Portuguese, including opium between Canton, China's key port city, and Portuguese-controlled Macao.
The Dutch later negotiated an opium monopoly for north India with the Jesuit-influenced Mogul court. The monopoly permitted the Dutch to force Indian peasants to produce opium in exchange for taxes paid to the Mogul court.
A century later, the Dutch were shipping more than 100 tons of opium per year to Indonesia. The Dutch found opium "a useful means for breaking the moral resistance of Indonesians”. By 1659, the worldwide opium trade was second only to the spice trade.

In 1601, the (English) East India Company was founded that was dealing in opium by 1717. The East India Company only took over the opium trade after the British military victories in India in 1757 that put Bengal under British rule.
In 1784, Lord Shelburne started  the reorganisation that turned the East India Company into a looting organisation, with the help of the "free trade" flank against the US. This had been proposed in 1772 in Adam Smith's supposed economic masterpiece “Wealth of Nations” in 1776.
Shelburne sent David Hume and Adam Smith to France for Jesuit training and then paid to create a "theory" of free trade, which meant the narcotics trade. The Jesuits continued the tradition of the Delphic Cult of Apollo, which in turn drew on the "secrets" of the priesthood of Babylon.
This "economical science" didn’t start with Smith and Bentham, who worked for Shelburne, but with the Order of St. John's group of pet intellectuals, the physiocrats, who rewrote Chinese zero-growth economics, based on Chinese texts brought to Europe by the Jesuits; like the work of Confucius and Mencius.

Scottish mafioso Henry Dundas, Pitt's secretary of state and an early patron of Adam Smith, directed the Board of Control for the East India Company, and in 1787 wrote a master plan to extend the opium traffic into China.
In his Wealth of Nations, Smith urged the colonies to not enter into manufacturing, and above all not to keep British goods out. He wrote:
Were the Americans either by combination or by any other sort of violence, to stop the importation of European manufactures and by this giving a monopoly to such of their own countrymen as could manufacture the like goods, divert any considerable part of the capital into this employment, they would retard instead of accelerating the further increase in the value of their annual produce, and would obstruct instead of promoting the progress of their country toward real wealth and greatness. This would be still more the case, were they to attempt in the same manner to monopolize to themselves their whole exportation trade.
Britain used the the opium trade to conquer the USA. British banking families, including the Barings, who had intermarried with the Philadelphia Binghams, cut some Boston merchants in on the lucrative dope traffic to China. In 1816, John Jacob Astor was trading opium for the East India Company, and William Hathaway Forbes, of Boston, even joined the founding board of directors of the central opium bank, the Hongkong and Shanghai Bank. The Cabots, Lodges, Forbes, Cunninghams, and other leading Boston merchant families made their initial fortunes through Russell and Co., whose principal business were African slaves and opium to China.

The East India College at Haileyburg became the clearinghouse for the next generation of British economists, including James Mill, his son John Stuart Mill, David Ricardo, and Parson Thomas Malthus. Jeremy Bentham was their intellectual leader until his death in 1821. Pitt encouraged the 1798 publication of Malthus' “Essay on Population, which argued for the extermination of "useless eaters". John Maynard Keynes later praised Malthus' Essay as "a work of youthful genius"
Malthus became the Chair of History and Political Economy at Haileyburg. A generation of Malthusians was put into controlling positions for the opium traffic in Asia. In his 1819 “Principles of Political Economy”, Malthus elaborated his depopulation program into a zero-growth approach to economy. India was basically a laboratory for zero-growth doctrines.

By the 1830s, opium was the largest commodity in international trade.
Britain imported cotton from American plantations (which it backed during the Civil War); turned into textiles in British mills; and exported the textiles to India for opium- that was then sold to China.
Because it was owned by the Crown, the East India Company couldn’t trade opium in its own name. It used a set of "cut-outs", intermediaries, who exported opium to China covertly for the company. The East India Company used a network of private dope traders to found the Hongkong and Shanghai Bank in 1864.
India depended on opium for 30% of its exports, most of it to China. In British India, taxes on the opium trade provided almost 20% of total government revenues by 1880. Gross revenues from the opium traffic was about two thirds of the total exports from Britain from 1840 to 1890.
By the end of the nineteenth century, Britain was importing 50% more than it exported — £450 million in imports against £300 million in exports. It made up the difference through opium. In 1890, the value of the British opium revenues in China alone equalled the entire home trade deficit!

Fabian Scoiety, Vienna, Chicago – zero growth in the 20th century
In a nice Orwellian twist, British "free trade" really means trade warfare.
In 1892, the University of Chicago was started as the chief American project of the Fabian Society. It incorporated both the "right-wing" economics of the Cobden Clubs and Thorstein Veblen's imitation of Ruskin-Morris socialism from the outset. The new Chicago university, launched with funds from Rockefeller, Schiff, and Field, transferred the Oxford economic crookery to the shores of Lake Michigan. The Fabian Society’s Beatrice Webb was its real founder.
One of John Ruskin’s students in economics, George Bernard Shaw, founded the “anti-capitalist” Fabian Society with Sidney and Beatrice Webb. Under the patronage of Opium War PM Lord Palmerston, the Fabian leaders really followed Oxford economics. Shaw beat the drum for the master race in “Man and Superman” (1901) long before Adolf Hitler arrived on the scene.

In 1912, Wesley Clair Mitchell went to Vienna for additional studies and shared Bohm-Bawerk's classroom with future Soviet official Nikolai Bukharin. In 1914, Mitchell tried to prove that inflation and depression are "not disruptions . . . but fluctuations systematically generated by economic organization itself". Mitchell forgot to mention that every American depression until the Panic of 1907 was the direct result of contractions in loans available on the London market. Mitchell helped to draft the “Report of the National Monetary Commission” that became the Federal Reserve Act of 1913.
On the advice of banker Paul Warburg, Father of the Federal Reserve, President Woodrow Wilson named Bernard Baruch to create a War Industries Board, with powers similar to the present Federal Emergency Management Agency (FEMA). Bernard, grandson of B'nai B'rith founder Kuntner Baruch, was attorney for the Anglo-American Guggenheim firm and a personal friend of Winston Churchill.

Mont Pelerin – right wing Fabians
The Austrian School of monetarists later joined forces with Chicago in the Mont Pelerin Society and included Friedrich von Hayek and Ludwig von Mises. These products of the Viennese salons trained Milton Friedman's teachers, including the founder of the National Bureau of Economic Research, Wesley Clair Mitchell. Mitchell and his pupil, Milton Friedman, are really right-wing Fabians.
When Friedrich von Hayek gave the inaugural address of the Mont Pelerin Society in 1947, in his audience were most of Wesley Mitchell's boys: George Stigler, Henry Simons, Chicago professor Aaron Director and Milton Friedman (Director's brother-in-law).

The Mont Pelerin Society is never even mentioned in the newspapers but wields enormous power over the right wing of US politics. The Mont Pelerin Society is merely the economic arm of the "political" Pan-Europea Union that was co-founded by Otto von Habsburg. One of Von Habsburg's closest friends in the Mont Pelerin Society is William F. Buckley, Friedman's close collaborator throughout the 1960s.
Another Von Habsburg associate was the Nazis' puppet PM in wartime Hungary, Ferenc Nagy, who later founded the terrorist organisation Permindex (that was probably involved in the assassination of JFK).
In 1939, Von Hayek had already brought together the core for the Mont Pelerin Society under the name "Society for the Renovation of Liberalism".
In 1943, Von Hayek wrote the Mont Pelerin Society's founding document “The Road to Serfdom” in London. On the surface, Von Hayek shows the same concern for "individual liberty" against the "tyranny of the state" of Friedman, but behind the facade the policy recommendations lead to “serfdom” similar to feudal Europe.

In 1946, Abba Lerner published “The Economics of Control”, advocating the totalitarian state in which the state controls each facet of economic life. Milton Friedman himself argued that Lerner's totalitarianism was only the mirror image of his own economics, that: "totalitarian direction might achieve the same allocation of resources as a free price system" and achieve "a reasonable approximation of the economic optimum".
Mont Pelerin's European headquarters is directed by its secretary, Max von Thurn und Taxis, and by its president, Friedrich von Hayek. Von Hayek and Archduke Otto von Habsburg direct Mont Pelerin's German-speaking branch.

Milton Friedman became vice-president of Mont Pelerin. The Mont Pelerin Society's operatives infiltrate every “conservative” American institution. Besides Milton Friedman:
George Stigler of the University of Chicago, President of Mont Pelerin in 1980;
Glenn Campbell, and Martin Anderson, respectively director and economist of the Hoover Institution and both advisers to Ronald Reagan;
Robert M. Bleiberg, Barron's Magazine editor;
William F. Buckley, Jr., National Review editor;
Donald Kemmerer and John Exter, respectively president and board member of the National Committee on Monetary Reform;
Edward H. Levi, former US attorney general and Chicago professor;
Edwin McDowell, Wall Street Journal columnist;
Edwin J. Feulner, Jr., Heritage Foundation director;
William J. Baroody, Sr., American Enterprise Institute president.

The Marshall Plan's official target was to reduce European imports from the US from $3 billion in 1938 to $2.7 billion for 1952-1953 and $6.7 billion in 1947.
Under the direction of British treasury official Sir Eric Roll, Harlan Cleveland (in 1980, chairman of the Aspen Institute), and George Kennan's State Department planners, the Marshall Plan reduced America's exports to trifling levels compared to those of other industrial countries. Britain made the US into a rentier instead of an industrial power.

From Nixon to Carter and Reagan
Milton Friedman pushed Richard Nixon into a disastrous money crunch in 1969, throwing the economy into recession and forcing the US to sever the dollar's link to gold, which Friedman had lobbied for.
In 1968, Friedman justified the floating rates regime on purely military grounds:
A really serious rearmament drive is almost certain to produce inflationary pressure, differing in degree from country to country because of differences in fiscal structures, monetary systems, temper of the people, the size of the rearmament effort, etc. With rigid exchange rates, these divergent pressures introduce strains and stresses that are likely to interfere with the armament effort.

Each of these steps is within the unilateral control of the U.S. No other country can by its action prevent us from taking them.

Friedman stopped monetary growth from June 1969 to December 1969, and the economy collapsed. Starting in the summer of 1969, industrial production fell, and unemployment rose from 3.5% in 1969 to 5% in May 1970.
On 15 August 1971, Nixon continued the Friedman program with the addition of the wage-price controls demanded by "populist monetarist" Henry Reuss.
In August 1971, to the disbelieve of some Europeans, Nixon took Friedman's advice, to set the dollar “free” at the urging of then Undersecretary of the Treasury Paul Volcker.

Ironically the US payments deficit didn’t benefit the US, but London as dollars were flowing to the Eurodollar market through British banks, which eventually grew to over $1 trillion, and gave the bankrupt City of London a new life.
In the 1950s, the “great” City of London was virtually a ghost town, where less than a dozen foreign banks did business. But after in 1962, Anglophile Secretary of the Treasury C. Douglas Dillon and his Undersecretary Robert V. Roosa, presented the British with the “Interest Equalization Tax”  that penalised American loans to foreigners and made it more lucrative to hold dollars in London than in New York.

See how “real” net investments in the 10 years since 1969 became negative.
Figure 10 - Productive fixed investment

From March 1979 to March 1980, Americans lost 8% of their purchasing power - the largest drop in real income levels since the Great Depression.
Instead of the forecast of a $40 billion deficit this fiscal year and a $16 billion surplus next fiscal year by the Carter administration, the Treasury now officially projects a $100 billion deficit in the 2 fiscal years, not counting an additional $80 billion in so-called “off-budget” borrowing.

Chile – who needs food?
Milton Friedman once explained on his “cure” for Chile: “My only concern is that they push it long and hard enough”.
Chile was made into a creditors' dictatorship. Between the coup in 1973 and the beginning of 1979, Chile's annual payment of debt service to international banks rose from $200 million annually to $1.6 billion. The Pinochet regime saved a lot of money (for the bankers) by eliminating food imports, effectively reducing average caloric consumption to less than 1,200 calories per day by 1975. In 1976, average per capita food consumption in Chile was about the same as it was in Nazi concentration camps.
In 1976, the Organization of American States reported:
Its most dramatic consequences are observed in the psycho-motor development of children. The spirit saddens to see a two-year-old seated on the ground, scarcely able to keep its balance. It cannot smile, or play, or look at its hands; it cannot stand, much less walk or speak.

In 1977, unemployment had reached 20% officially and more than 40% unofficially. Gross Domestic Product never recovered from the 13% fall that occurred in 1975 alone. Real wages fell in 1974 to a little more than half of 1971. In 1978, agricultural production was down 27%.
The Chicago Boys did score "successes": reduction of government expenditure from 15.8% of national consumption in 1972 to 12.1% in 1977. All the more impressive as consumption fell sharply in that period. And, of course, continued monetary austerity will produce a lower rate of inflation, in the same way that holding an influenza patient's head under water will ultimately “cure” influenza.

Adviser to British PM Thatcher
Milton Friedman also became the official adviser to the government of Margaret Thatcher in Britain.
In the single year, since Queen Elizabeth selected Thatcher as PM, the Bank of England brought money supply growth down from 15% to 7% per year, at the direction of Mont Pelerin Society members Geoffrey Howe and his deputy, John Biffen.

The result was completely the opposite of what they and Friedman had predicted, in a single year: Britain's rate of inflation rose from 6% to 22% and the industrial production index fell from 108.2 to 98.1. British living standards fell by a sharper margin than during the 1930s.
Milton Friedman's money crunch accomplished to drive up the cost structure of industry, including pay increases to workers (lower than inflation of course).

A good analogy of Friedman’s method is the following hypothetical case of a loan-sharking victim. A person with $20,000 earned income incurs $5,000 in debt service payment obligations to a loan shark. Unable to pay all of the $5,000, the victim "refinances" $2,000 of the debt service payment at 50 percent effective annual interest. He pays the $1,000 instead of the $2,000 portion of the $5,000; a total of $4,000. The following year, he owes $6,000 in current debt service, instead of $5,000. The next year $7,000, and so forth.

Figure 6 - Productivity and total debt

Lyndon H. LaRouche, Jr. and David P. Goldman – The Ugly Truth About Milton Friedman (1980): https://archive.org/stream/the_ugly_truth_about_milton_friedman/theUglyTruthAboutMiltonFriedman_djvu.txt


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Re: The 2019 market crash
« Reply #10 on: December 25, 2018, 09:40:22 am »
It’s not a question of “if” but only of “when” they will orchestrate another market crash...

Back in early October, the Dow Jones hit an all-time high of 26,952, but on Monday it closed at only 23,593. 
On Monday 17 December, the Dow Jones Industrial Average lost another 507 points, and in the following days continued to go down.
The Russell 2000 is often an early indicator of where the rest of the market is going, possibly the Dow and the S&P 500 will fall a lot farther.

Compared to their peak values the following indexes have gone down more than 12.5%:
Dow -12.7%
S&P -13.7%
Nasdaq Composite -17.3%
Dow Transports -19.4%
Russell 2000 -20.6%

US stocks have not fallen this dramatically in December since the Great Depression of the 1930s (that lasted the whole decade).

Trillions of dollars of paper wealth has disappeared, and hedge funds are expected to go down like dominoes.
Earlier today, the New York Post described this as: “The stars of the biggest hedge funds are losing their shirts as analysts fear a major financial wipeout is imminent”.

Ron Paul told CNBC: “Once this volatility shows that we’re not going to resume the bull market, then people are going to rush for the exits”  and that “it could be worse than 1929”: https://www.zerohedge.com/news/2018-12-18/worst-december-stocks-great-depression

Member of Skull & Bones, Treasury Secretary Steven Mnuchin, who has previously worked for Goldman Sachs, George Soros and Sir Leonard Blavatnik on Sunday increased the panic by announcing that he spoke with CEO’s of the 6 largest American banks: Brian Moynihan of Bank of America; Michael Corbat, Citi; David Solomon, Goldman Sachs; Jamie Dimon, JP Morgan Chase; James Gorman, Morgan Stanley; and Tim Sloan of Wells Fargo.
Media outlets labelled this as creating the “plunge protection team”.

Predictably on Monday, the Dow Jones lost another 650 points (2.9%); the worst Christmas Eve trading day on record.
The S&P 500 index slid 65.5 points (2.7%), the Nasdaq lost 140.1 points (2.2%), and the Russell 2000 index lost 25.2 points (2%).
Technology stocks, health care companies, and banks took some of the heaviest losses in the sell-off.

The dollar fell from 111.3 yen on Friday to 110.5 yen and the euro rate went from $1.137 to $1.142.
France’s CAC 40 fell 1.5%, while the British FTSE 100 index slid 0.5%. South Korea’s Kospi dropped 0.3% and Hong Kong’s Hang Seng lost 0.4%. Australia’s S&P ASX 200 increased with 0.5%.
Germany’s DAX and the markets in Japan and Indonesia were closed.

Donald Trump accused Federal Reserve chairman Jerome Powell for raising interest rates, threatened to fire him and tweeted: “The Fed is like a powerful golfer who can’t score because he has no touch – he can’t putt!”: https://www.breitbart.com/economy/2018/12/24/dow-down-600-xmas-eve/


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Atlas Network in Latin America
« Reply #11 on: February 10, 2019, 10:59:58 am »
The Atlas Network is affiliated with the powerful Mont Pelerin Society that was co-founded by Knight of Malta, Crown Prince to the non-existent Austrian throne, Otto von Habsburg (who also established the Pan-Europa Union).

The Atlas Network works with 450 foundations, NGOs, think tanks and advocacy groups, with an operating budget of $5 million in 2016, coming from charitable and non-profit foundations  from the US.
Atlas helped to alter the political landscape in various countries in Latin America and is effectively an extension of Anglo-American foreign policy. The think tanks associated with Atlas are financed by the Koch billionaire brothers, State Department and National Endowment for Democracy (NED).

The NED and the State Department funded Pan American Development Foundation (PADF), Freedom House and United States Agency for International Development (USAID), are the major entities who share guidelines and resources for concrete results in the asymmetric war.
15 of the most important organisations financed by Koch are: Americans for Prosperity, Cato Institute, Heritage Foundation, American Legislative Exchange Council, Mercatus Center, Americans for Tax Reform, Concerned Veterans of America, Leadership Institute, Generation Opportunity, Institute for Justice, Independent Institute, Club for Growth, Donors Trust, Freedom Partners and Judicial Watch.

The Atlas network has 13 affiliates in Brazil; 12 in Argentina, 8 in Chile and Peru; 5 in Mexico and Costa Rica; 4 in Venezuela, Uruguay, Bolivia and Guatemala; 2 in Dominican Republic, Ecuador and El Salvador: and 1 in Colombia, Panama, Bahamas, Jamaica and Honduras: https://peoplesdispatch.org/2018/08/29/atlas-network-the-right-wing-libertarians/
(archived here: http://archive.is/BvvJF)

The Atlas Network has financed a variety of organisations that influence the public and promote “right wing” propaganda in Latin america.

Records obtained through the Freedom of Information Act, reveal efforts of US politicians to use Atlas´ think tanks to destabilise Venezuela in support of (?) the Maduro government.
As early as 1998, Cedice Libertad, the flagship of Atlas in Caracas, received regular financial support from the Center for International Private Enterprise.
There are other NGOs and foundations working for Atlas, like Provea (financed by the Open Society Foundation of George Soros, the Ford Foundation and the British embassy), the Civil Association of Citizen’s Power, and the Venezuelan Observatory of Social Conflict (which is financed by the NED).

In Brazil there are now about 30 “non-profit” institutions acting and collaborating with each other, like the Estudantes Pela Liberdade (Students for Liberty) and the MBL (Free Brazil Movement).
The Millennium Institute: founded in 2006, received funding from Bank of America, Merryll Lynch, Grupo RBS, Gerdau and Am-Cham Brazil. The Millennium Institute was instrumental in organising demonstrations against former President Dilma Rousseff.

The Interdisciplinary Centre of Ethics and Personal Economics of Rio de Janeiro: a think tank of Atlas that develops religious arguments that benefit the major corporations. The centre imitates the US Acton Institute financed by Trump´s Secretary of Education Betsy DeVos (sister of Erik Prince).
The DeVos family has also funded the Heritage Foundation.

In Argentina the Pensar Foundation of the Atlas Network became the political party PRO that propelled Mauricio Macri to the presidency in 2015.
Leaders of Pensar and Fundación Libertad (Freedom Foundation, also of Atlas) today occupy key positions in the Argentine administration.

In Honduras the Eléutera foundation was founded after the coup in 2009 against elected president Manuel Zelaya. The leader of Eléutera, Guillermo Peña Panting, previously worked at the Atlas think tank in North Carolina the John Locke Foundation and has given numerous seminars for the organization.
The present government of Honduras asked for the political support of Eléutera: https://peoplesdispatch.org/2018/09/03/the-atlas-networks-insidious-impact-on-the-ground/
(archived here: http://archive.is/jaOpa)

The following interesting picture was released by Wikileaks (originally released more than 10 years ago), from a classified Pentagon paper.
It shows that the World Bank, IMF, Organisation for Economic Co-operation and Development (OECD), and Bank for International Settlements (BIS) are used as as “U.S. diplomatic-financial venues” to pressure foreign state and nonstate actors and:
apply unilateral and indirect financial power through persuasive influence to international and domestic financial institutions regarding availability and terms of loans, grants, or other financial assistance to foreign state and nonstate actors.

The picture, text comes from the hundreds of pages document “Field Manual (FM) 3-05.130, Army Special Operations Forces Unconventional Warfare” (2008): https://file.wikileaks.org/file/us-fm3-05-130.pdf


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Re: Atlas Network in Latin America
« Reply #12 on: February 10, 2019, 05:48:25 pm »
The Atlas Network is affiliated with the powerful Mont Pelerin Society that was co-founded by Knight of Malta, Crown Prince to the non-existent Austrian throne, Otto von Habsburg (who also established the Pan-Europa Union).

The Atlas Network works with 450 foundations, NGOs, think tanks and advocacy groups, with an operating budget of $5 million in 2016, coming from charitable and non-profit foundations  from the US.
Atlas helped to alter the political landscape in various countries in Latin America and is effectively an extension of Anglo-American foreign policy. The think tanks associated with Atlas are financed by the Koch billionaire brothers, State Department and National Endowment for Democracy (NED).

The NED and the State Department funded Pan American Development Foundation (PADF), Freedom House and United States Agency for International Development (USAID), are the major entities who share guidelines and resources for concrete results in the asymmetric war.
15 of the most important organisations financed by Koch are: Americans for Prosperity, Cato Institute, Heritage Foundation, American Legislative Exchange Council, Mercatus Center, Americans for Tax Reform, Concerned Veterans of America, Leadership Institute, Generation Opportunity, Institute for Justice, Independent Institute, Club for Growth, Donors Trust, Freedom Partners and Judicial Watch.

The Atlas network has 13 affiliates in Brazil; 12 in Argentina, 8 in Chile and Peru; 5 in Mexico and Costa Rica; 4 in Venezuela, Uruguay, Bolivia and Guatemala; 2 in Dominican Republic, Ecuador and El Salvador: and 1 in Colombia, Panama, Bahamas, Jamaica and Honduras: https://peoplesdispatch.org/2018/08/29/atlas-network-the-right-wing-libertarians/
(archived here: http://archive.is/BvvJF)

The Atlas Network has financed a variety of organisations that influence the public and promote “right wing” propaganda in Latin america.

Records obtained through the Freedom of Information Act, reveal efforts of US politicians to use Atlas´ think tanks to destabilise Venezuela in support of (?) the Maduro government.
As early as 1998, Cedice Libertad, the flagship of Atlas in Caracas, received regular financial support from the Center for International Private Enterprise.
There are other NGOs and foundations working for Atlas, like Provea (financed by the Open Society Foundation of George Soros, the Ford Foundation and the British embassy), the Civil Association of Citizen’s Power, and the Venezuelan Observatory of Social Conflict (which is financed by the NED).

In Brazil there are now about 30 “non-profit” institutions acting and collaborating with each other, like the Estudantes Pela Liberdade (Students for Liberty) and the MBL (Free Brazil Movement).
The Millennium Institute: founded in 2006, received funding from Bank of America, Merryll Lynch, Grupo RBS, Gerdau and Am-Cham Brazil. The Millennium Institute was instrumental in organising demonstrations against former President Dilma Rousseff.

The Interdisciplinary Centre of Ethics and Personal Economics of Rio de Janeiro: a think tank of Atlas that develops religious arguments that benefit the major corporations. The centre imitates the US Acton Institute financed by Trump´s Secretary of Education Betsy DeVos (sister of Erik Prince).
The DeVos family has also funded the Heritage Foundation.

In Argentina the Pensar Foundation of the Atlas Network became the political party PRO that propelled Mauricio Macri to the presidency in 2015.
Leaders of Pensar and Fundación Libertad (Freedom Foundation, also of Atlas) today occupy key positions in the Argentine administration.

In Honduras the Eléutera foundation was founded after the coup in 2009 against elected president Manuel Zelaya. The leader of Eléutera, Guillermo Peña Panting, previously worked at the Atlas think tank in North Carolina the John Locke Foundation and has given numerous seminars for the organization.
The present government of Honduras asked for the political support of Eléutera: https://peoplesdispatch.org/2018/09/03/the-atlas-networks-insidious-impact-on-the-ground/
(archived here: http://archive.is/jaOpa)

The following interesting picture was released by Wikileaks (originally released more than 10 years ago), from a classified Pentagon paper.
It shows that the World Bank, IMF, Organisation for Economic Co-operation and Development (OECD), and Bank for International Settlements (BIS) are used as as “U.S. diplomatic-financial venues” to pressure foreign state and nonstate actors and:
apply unilateral and indirect financial power through persuasive influence to international and domestic financial institutions regarding availability and terms of loans, grants, or other financial assistance to foreign state and nonstate actors.

The picture, text comes from the hundreds of pages document “Field Manual (FM) 3-05.130, Army Special Operations Forces Unconventional Warfare” (2008): https://file.wikileaks.org/file/us-fm3-05-130.pdf

It is not surprising as the Bible tells us of the coming One World Government and One World Religion.

1 Cor 15:3-4.."For I delivered unto you first of all that which I also received, how that Christ died for our sins according to the scriptures; And that he was buried, and that he rose again the third day according to the scriptures:"

Acts 17:11.."These were more noble than those in Thessalonica, in that they received the word with all readiness of mind, and searched the scriptures daily, whether those things were so."
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