The theory of "free trade", appearing in the 18th century, was initially formulated to prevent the Dutch from closing their colonial empire to English commerce. It served as the political rationale for British colonial expansion, imposing an international division of labor that revealed itself to be much more effective for pillaging resources than the colonial system itself.
In 1941, the Anglo-Saxons devised, as an aim of the war, a shift from the prevailing mode of colonial exploitation to that of unequal exchange in the aftermath of victory over Nazi tyranny. The Atlantic Charter promoted decolonization, free trade and freedom of the seas. This model was formalized in 1947 with the GATT Agreements. This was reinforced during the Reagan-Thatcher era by a vast movement of privatization and deregulation.
In 1991, President Bush announced his vision of a new world order: globalization. The objective was to fill and profit from the void created by the disappearance of the USSR and extend Anglo-Saxon domination in a manner that closely twinned economic and military expansion.
The new model encompassed not only the free trade of goods but also of services and capital, to be regulated by an arbitrating tribunal that would constrain the sovereignty of individual states, which is today embodied in the World Trade Organization.
In the 21st century, this on-going process has led to the dematerialization of the world economy. Favoring the expansion of military-related industries while manufacturers of domestic consumer goods shut down, the Anglo-Saxons created an economy based on "financial products’ (meaning speculation) and the profits derived from "intellectual property" (so called "fair use"). They extended their control over the free trade of goods and services in air space using the "war on terror" as a pretext and over the seas under cover of a "war on piracy". In the meantime, however, the exorbitant costs of the neocolonial occupation of Iraq in 2003 nearly brought about the complete financial collapse of the empire.
At this point, President Obama and Prime Minister Brown attempted to save the system by eliminating foreign financial positions thus compelling capital to migrate in the direction of an Anglo-Saxon fiscal paradise. Additionally, Western governments have in a concerted way placed their means of public finance entirely in the hands of a small number of private banks. As a result, these are now in a position not only to avert collapse but also to acquire firms as they spiral into failure, accelerating the already gigantic concentration of riches.
Why free trade is not always an advantage ...and why protectionism can also mean protection, by Karl Müller / Germany threatened by currency war, by Sebastian Müller and Heiner Flassbeck / Export surpluses: blessing or curse?, by Eberhard Hamer / 500 years of reformation, or when the elites ignore the people. Speech given by Federal Councillor Ueli Maurer / The “wrong” opinion before the election campaign. Censorship in Germany? / News from Federal Berne. Alternative draft to the “Rasa-Initiative”: legislative process by consultation is in progress, by Marianne Wüthrich / Gender – theory or re-education programme?, by Gerlinde Höschter / The refugees are to be prepared to rebuild their country, by Roland Hureaux / “There is no use in altitude training” – but no way! The attack on altitude training was a barrel burst, by Heini (...)
Extending the Wall separating the United States and Mexico: the Western press condemns it, leaving no ground for appeal. Manlio Dinucci on the other hand, recalls that far from resulting from a desire to protect and [erect barriers], it is the product of a policy to globalize [and dismantle barriers]. This construction is a bi-partisan project, initiated by Bill Clinton, followed up by George Bush Jr and then by Barack Obama. Dinucci observes that it is NAFTA not the Wall that is responsible for the devastating effects that have rippled through Mexican society. NAFTA was conceived as a bridge between the three signatory states. It is a treaty which strives to broaden the normal process of delocalization yet carries the risk of poverty spreading [like an Albertan wildfire] in Mexico and then the United (...)
The financial industry, by Heini Lippuner / How the Walloon Parliament discussed the CETA issue - Minutes of the parliamentary debate / “Under Hillary Clinton, we could slide into nuclear war very quickly” / Escalation including nuclear potential / However, if Germany would not join the US war policy… and if there were a little more truth in dealing with Russia, by Karl Müller / “Stop the siege of the Syrian People! Lift the International Sanctions on Syria”. A Humanitarian Appeal from the Patriarchs of Syria to the International Conscience and the Concerned Countries / Curriculum 21 – resistance is growing. Swiss Conference of Cantonal Ministers of Education (EDK) causes educational disaster and ruins Switzerland as an educational location / For the maintenance of marriage and the strengthening of the family. Cantonal People’s Initiative «Protection of marriage», by Marianne Wüthrich / Constitutional considerations about the initiative “Protection of Marriage” / Growing up in the mountains, (...)
The United States and the European Union have launched an undeclared war against Syria, Iran and Russia – it is known by the alias «economic sanctions». This appalling tactic killed more than a million Iraqis during the 1990’s, without arousing any suspicion in Western public opinion. It is used today, patiently, against any state which refuses to be dominated by the unipolar world order.
1. We, the Leaders of the G20, met in Hangzhou, China on 4-5 September 2016.
2. We met at a time when the global economic recovery is progressing, resilience is improved in some economies and new sources for growth are emerging. But growth is still weaker than desirable. Downside risks remain due to potential volatility in the financial markets, fluctuations of commodity prices, sluggish trade and investment, and slow productivity and employment growth in some countries. Challenges (...)
The US labour market has begun to stumble. In the past month of May, non-agricultural labour added 38 thousand new jobs while the Wall Street investors hoped for an increase of 160 thousand, Janet Yellen, the President of the Federal Reserve System, had no alternative but to leave the reference interest rate intact after the June meeting of the Federal Open Market Committee. The risk of a new recession in the United States is more of a threat than ever, although the Western media insist on promoting the idea that the principal dangers are the deceleration of the Chinese economy and the possible abandonment of the United Kingdom from the European Union.
I am very glad to welcome all of you to the 20th St Petersburg International Economic Forum.
To start with, looking at this hall I cannot but recall how such forums began. I cannot but recall that it was initiated by the first mayor of this city, Anatoly Sobchak. Twenty years, or even more, have passed since then. It started as a regional forum although we organised it then as members of the city administration. Today it has turned into a major venue where people can meet, talk about (...)
TTIP – arbitration courts – an assault on democracy and the state of law. Human Rights compatibility of investor-state arbitration in international Investor-Protection Agreements, by Alfred de Zayas / “It is time for Europe to return to its own culture”. EFTA free trade versus globalisation made in USA, by Dieter Sprock / TTIP or the entrenchement of US hegemony in Europe?, by Stefan Haderer / The Greek tragedy, next act. Torture without purpose and sense, by René Zeyer / Brazil – misled, humiliated and robbed. Knocked back for decades in its development shortly after the Government was overthrown / How Angela Merkel is dismantling the CDU – and why this should concern all Germans, by Karl Müller / CETA shall apply already “preliminary”, by Eberhard Hamer / Putting the person back in the centre of medicine, by Nicole Duprat / Eugenic “Dreams of Genetics”, by Moritz Nestor / Federalism and direct democracy in the Swiss school system. On the popular vote about three education-bills in the (...)
The interview given by Riad Salamé, Chairman of the Central Bank of Lebanon, to CNBC triggered a war between the Lebanese banking system and Hezbollah.
Mr Salamé indicated that enforcing the US law against Hezbollah had led Lebanese banks to close a hundred bank accounts, while constantly taking care not to upset their shi-ite clients.
If Hezbollah had anticipated the closure of its accounts relating to its military activities, it was surprised over the closure of its accounts (...)
The nine members of the G7 (the seven heads of State and governement and the presidents of the European Council and of the European Commission). Preamble
We, the leaders of the G7, met in Ise-Shima on 26 and 27 May 2016 to address major global economic and political challenges. Global growth remains moderate and below potential, while risks of weak growth persist. Escalated geo-political conflicts, terrorism and refugee flows complicate the global economic environment. The rise of violent (...)
During an interview with LBCI on the 28th April 2016, Riad Salamé, governor of the Central Bank of Lebanon, indicated the modalities for the application of the US Hezbollah International Financing Prevention Act .
«A new circular will be published next week which (…) will oblige Lebanese banks to conform to the decrees of application of (the US law). We consider that there are no other alternatives (...) since we have to protect the banking system, which exists thanks to the exchanges (...)
The People’s Republic of China has published a 356-page manual for its merchant marine, in order to influence their use of the Arctic Ocean. This route is one third shorter than the passage via the Panama Canal. So far, only one merchant ship, the Canadian Nunavik (photo), has used this North-West route alone.
Canada claims this passage as part of its territorial waters, while a number of states consider it to be international territory. China has not so far expressed its opinion on the (...)
Contrary to what may appear to be the case, the «Panama Papers» campaign will not lead to restraining embezzlements of funds, nor to expanding liberties, but the exact opposite. The system is going to consolidate a bit more around the United Kingdom, the Netherlands, the United States and Israel, so that these and only these will control it. By violating the principle of equality before the Law and their professional ethics, the members of the International Consortium of Investigative Journalists have put themselves at the service of the enemies of liberty and the defenders of Big Capital. The fact that they had pinned down in the process some crooks will not change anything. Explanations.
Many have insisted on promoting the idea that the recovery of the United States economy is gathering strength for some time. Even high level functionaries of international financial organisms have declared that the North American economy has managed to escape the tendency of low growth that prevails in the rest of industrialized countries. Nevertheless, this unlimited optimism contrasts with the reality: inflation has not increased in any significant way and unemployment has been chronic in more than 30 states of the American Union, with this, the dangers of deflation persist and with this a new recession.
What the United States and their global corporations call “Free Trade Agreement” (TTIP) has been compared to NATO by former US-vice president Biden. It is meant to subject Europe to American economic domination and their interests. This has an inner and an outer goal :
• For a long time, the Juncker clique in Brussels has been working on dismantling the nation states in Europe and on disempowering their parliaments in order to gain central power for the EU Commission. This is why the (...)
The year 2016 has hardly begun and the losses in different stock markets around the world care colossal: nearly 8 trillion US dollars during the first three weeks of January according to the calculations of the Bank of America Merrill Lynch. The Government of the United States made addicts of investment banks of policies of cheap credit. And now that the System of the Federal Reserve ended their monetary stimuli the whole world is paying the consequences. In the most recent Davos summit it was noted that there is much uncertainty among big businesses: no one knows when the next crisis will explode.
The Chinese President, Xi Jinping, has embarked on a tour of Saudi Arabia, Egypt and the Islamic Republic of Iran. Officially, he will not be speaking of politics, but only of economy. China is proposing that the states of the Near East participate in the construction of a new « Silk Road » in order to enhance their development and liberate themselves from Western colonialism.
The leaders of South America are in a point of divergence. The economies of the Latin American region regressed in 2015 and, according to diverse estimations will not grow in 2016. Nothing indicates that commodity prices will rally. The dilemma between adjustments, public spending and seeking loans from credit institutions subject to the US Treasury Department remains. Nevertheless Ariel Noyola believes that the leaders of the region can strengthen the bases of South American financial architecture through the operation of the Bank of the South, a project that has been stagnated for eight years, and that in the face of the current economic situation, could prevent the deepening of the debacle.
Apparently the year 2015 marks the beginning of the new IMF interior revolution. First the incorporation of the yuan into the SDR’s was approved, the reserve basket created in 1969 to serve as a supplement of member nations’ official reserves. And now, thanks to approval from the US Congress, the IMF will finally be able to implement the reform of the quotas representation system, China and other emerging countries will increase their power in decision-making, whilst European countries will lose relevance. However, it is still too early to conclude that this is a radical transformation of the correlation of forces inside the IMF: The United States will retain its powers of veto.
The Security Council,
Recalling its resolutions 1267 (1999), 1333 (2000), 1363 (2001), 1373 (2001), 1390 (2002), 1452 (2002), 1455 (2003), 1526 (2004), 1566 (2004), 1617 (2005), 1624 (2005), 1699 (2006), 1730 (2006), 1735 (2006), 1822 (2008), 1904 (2009), 1988 (2011), 1989 (2011), 2083 (2012), 2133 (2014), 2170 (2014), 2178 (2014), 2195 (2014), 2199 (2015), 2214 (2015), and 2249 (2015),
Reaffirming that terrorism in all forms and manifestations constitutes one of the most serious threats (...)
In spite of the fierce opposition of the US treasury Department, on November 30 the IMF finally approved the inclusion of the yuan in the Special Drawing Rights, the currency basket created in 1969 to complement the official reserves of the members of the multilateral organization. With this the Chinese currency will become, next October 1 (2016), part of the integrating fifth of the IMF basket. The financial influence of China on a world scale will continue to grow at high velocity: the weight of the yuan in the Special Drawing Rights will be greater in comparison with the Japanese yen and the pound sterling.
After serving Henry Kissinger and Margaret Thatcher, environmental rhetoric was reused by Al Gore. This was no longer to divert attention from US wars of Empire, nor to restore the greatness of the British Empire but rather to save Anglo-Saxon capitalism. In this third and final part of his study of environmental discourse, Thierry Meyssan analyzes the preparatory dramatics for the Earth Summit of 2012 and the Cochabamba rebellion.
We, the Leaders of the G20, met in Antalya on 15-16 November 2015 to determine further collective actions towards achieving strong, sustainable and balanced growth to raise the prosperity of our people. We are firm in our resolve to ensure growth is robust and inclusive, and delivers more and better quality jobs. We recognize that advancing inclusive growth and entrenching confidence require the use of all policy tools and strong engagement with all stakeholders.
In pursuing our (...)
The Government of China promotes the internationalization of «the people’s currency» (‘renminbi’) through a policy of alliances that does not take ideological barriers into account. In a first moment the diplomatic forces of the yuan were concentrated in Pacific-Asia, but in a second moment, it became necessary to gain the support of the West. After the President Xi Jinping visited London, between the 19th and the 23rd of October, the bases of the «golden age» between China and the United Kingdom were established, with which both countries looked to push the yuan-ization of the world economy.
The economic perspectives that Japan brings in evidence that the «non-conventional» monetary policies implemented by some central banks of industrialized are an absolute failure. The Japanese economy not only fails to register sustained economic growth but has regressed to the fall of prices according to official data. The recovery plan of Prime Minister, Shinzo Abe, is dead: as already happened from the middle of the decade of 1990, Japan is sinking into economic stagnation and deflation, even as the public debt continues to grow.
The ego of Janet Yellen has broken into a thousand pieces. The new data published some days ago by the US Department of Labor confirms the hypothesis of the economist Ariel Noyola Rodríguez, who had maintained since last year that the United States’ labour market was much more fragile than was presumed by the head of the Federal Reserve. If the situation of the North American economy continues to get worse it is probable that in coming weeks new measures will be taken to mitigate structural unemployment.
After the reintegration of Crimea in Russian territory, the United States has pressured regulatory authorities of the European Union to restrict the access of Russia to SWIFT, the system of international payment founded by 200 Anglo-Saxon banks in the decade of the 1970s. In response, the government of Vladimir Putin has established an alternative system of payments that has already begun to extend its operations among Russian banks and, let it be said in passing, has served as an inspiration for China as well as the other countries that make up BRICS.
For several months the Federal Reserve has insisted that with the recovery of the North American economy they are in a tail wind. However, the multi-millions of monetary stimuli (“Quantitative Easing”) and maintaining the “federal funds rate” close to zero have not been sufficient to completely dissipate recessive tendencies. Seven years after the Lehman Brothers bankruptcy, the current President of the US central bank, Janet Yellen, faces a serious dilemma: detain the stock market rise under the risk of converting into reality the worst nightmare of the United States, deflation.
According to the revelations in the Greek Press on the 5th September 2015, concerning the secret agreement signed by the Tsípras government, « the new government of Greece will be under the strict supervision of Brussels». The deputy director of the Commission for Economic and Financial Affairs, Holland’s Maarten Verwey (photo), will preside over the new work group.
« He can write any project for any law in all sectors, from income tax to the job market to public health policies, via the system (...)
The Libertarian’s Think Tank
Financial Crime and Coup d’état. First Part.
Chaos by design?
The demise of the U.S.