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.
The meetings have been coming at high speed for world leaders. After the NATO summit and the G8 in Chicago and just before the Earth Summit in Rio, then the EU summit in Brussels in late June, Alfredo Jalife analyses the G20 meeting that took place in Mexico on 18-19 June. According to him, 2012 is a transition year and the contradictions within this world economic government are too great for it to make any momentous decisions. He invites us instead to turn our attention to the bilateral meetings that were being held in the shadow of the Mexican pyramids.
Proving that the West’s Syrian preoccupations have nothing to do with expressed noble motives of democracy and civilian welfare, the Conference of Friends (sic) of the Syrian People is preparing a plan to pillage the economy upon occupation. In grand colonial tradition, a Working Group, co-presided by the Emirates and Germany, is studying how to share the spoils after Syria is vanquished. NATO and the GCC are “counting their chickens before they’re hatched”.
There are different types of "smart bombs" used by what Les Leopold aptly defines as the “Wall Street secret government,” the powerful financial oligarchy that controls the State.
First come the propaganda bombs that strike the brain, blur our vision and make us see things that don’t exist. They are currently massively employed to fog the reality of the crisis, to convince us that it is caused by public debt and that, in order to save us, we must make tough sacrifices by cutting back on (...)
American democracy has been hijacked by a secret government that many researchers have identified as being a powerful oligarchy that manipulates from behind the scenes the very essence of the state, controlling the financial wealth of the country beyond the reach of any State institution. Printing money indiscriminately and creating wealth out of thin air, this unscrupulous elite has ruined the economy and generated the biggest bubble in history, that of the dollar, which will fatally knock it off its pedestal of world reserve currency.
A veritable re-engineering of the entire planet has been taking place in front of our eyes for many decades now. However, since it is gradual, most people do not notice or understand what is happening.
Just like the proverbial frog that if thrown into boiling water painfully jumps out and survives, but will be cooked and die if thrown into lukewarm water where the heat rises one degree every 5 minutes…
What goes under the name of “New World Order”, “Globalization” or (my favourite) “World (...)
The lack of clarity about a resolution of the eurozone debt crisis, coupled with deepening doubts over a global economic recovery, sparked China’s move to invest in safer assets such as US government securities, analysts said.
The net increase in US Treasury holdings was $11.3 billion in September, the largest jump since March 2010.
The rise boosted China’s total US debt holdings to $1.15 trillion, according to the US Department of the Treasury.
Lu Zhengwei, chief economist at Industrial (...)
According to the Economic Policy Journal, here’s what you need to know about the current crisis in the Eurozone. The big time banksters are getting direct hands-on control:
Mario Draghi (photo) has become president of the European Central Bank as of November 1. He was vice chairman and managing director of Goldman Sachs International and a member of the firm-wide management committee. He was the Italian Executive Director at the World Bank. He has been a Fellow of the Institute of Politics (...)
This author has come to the conclusion "that Big Brother’s subjects in George Orwell’s 1984 are better informed than Americans." He believes "Americans have no idea why they have been at war in the Middle East, Asia and Africa for a decade. They don’t realize that their liberties have been supplanted by a Gestapo Police State. Few understand that hard economic times are here to stay."
As protests against financial power sweep the world, science may have confirmed the protesters’ worst fears. An analysis of the relationships between 43,000 transnational corporations has identified a relatively small group of companies, mainly banks, with disproportionate power over the global economy.
Greece is on the verge of revolt or revolution, at least if its government will continue to refuse an early election everybody in Greece is asking now. The markets seem ready to launch an even bigger attack against Italy. There is military tension in the Eastern Mediterranean Sea, increasing the probability of a military conflict involving two members of the EU, a candidate member and Israel. As for Berlin, it is repeating, in the way it is handling the European crisis, the same pattern of strategic mistakes which contributed to its military defeats in World War I and II, the only difference being that in the 20th century we were engaged in military wars while now we are facing a financial total war.
During a recent visit to Moscow to address a number of groups including at Moscow State University, geopolitical strategist F. William Engdahl was invited by Russia’s popular RT TV “Spotlight” to discuss the ongoing Wall Street protests and the geopolitical future of the dollar, euro and Chinese currencies.
F. William Engdahl is a regular contributor to Voltaire Network. His replies and concise, insightful commentary of current events will provide our readers with provocative food for (...)
Brazilian President Dilma Roussef has arrived in Brussels to kick off a key summit with the EU. Visiting Europe for the first time since becoming head of state, Rouseff called for coordinated action to calm global financial markets, blaming an absence of effective regulation for the world’s current economic problems.
"It is clear the origins of this crisis stem from a lack of proper regulation in the financial system. The policy of saving financial institutions resulted in a massive level (...)
"Can’t pay back, won’t pay back!" The people of Iceland have now twice voted not to repay international debts, incurred by banks and bankers, for which the whole island is being held responsible. With the present turmoil in European capitals, could this be the way forward for other economies? - An inside look by Silla Sigurgeirsdóttir and Robert H. Wade into the country’s financial tsunami and its stunning road to recovery.
The U.S. spends beyond its means and "lives like a parasite off the global economy," Russian Prime Minister Vladimir Putin said on Monday, 1 August 2011.
U.S. President Barack Obama said earlier in the day he had reached a deal with Republican and Democratic leaders to raise the nation’s debt ceiling by at least $2.1 trillion and avoid a default.
The proposed legislation is expected to be put to a vote in Congress later on Monday.
Speaking at a Russian political youth camp, Putin said the (...)
This author retraces Greece’s parliamentary path, under the corrupt leadership of its so-called Socialist Government, from independence to its current unconditional subservience to the de facto tutelage of the IMF and European central bankers. To Petras, the Greek experience is yet another reminder of the vanishing differences between conservatives and social democrats worldwide.
Financial Crime and Coup d’état. First Part.
The Libertarian’s Think Tank
Chaos by design?
The Art of War