patrick jane forums

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)


Moldova
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.

STEALING 1 BILLION DOLLAR
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...

DESTROYING MOLDAVA BY NATIONAL BANK
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/

RIOTS IN 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

CLINTON AND SOROS CONTROL THE SITUATION
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

WORLD BANK TO FINISH THE JOB
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