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.
Recent free trade agreements signed with the American and Canadian governments fueled the Peruvian government to go ahead with changes to domestic laws that would seek to advance mineral, logging, oil and agricultural ‘development’ into previously untouched areas of the Amazon. In early June, President Alan García, an ally of US President Barack Obama, ordered armored personnel carriers, helicopter gun-ships and hundreds of heavily armed troops to assault and disperse a peaceful, legal protest organized by members of Peru’s Amazonian indigenous communities protesting the entry of foreign multinational mining companies on their traditional homelands.
The Bilderberg Group conference is the most important meeting in the world, attended each year since 1954 by the world’s most powerful individuals. They meet behind closed doors and their decisions affect every human being on earth, at present and in the future. The step-by-step crafting of a supranational world government has been on their agenda for decades. This year in Greece, they focused on the economic crisis and the threat of a disease pandemic as a means of justifying centralization of power.
By James Quinn
The Chinese yuan is preparing to overtake the US dollar as the world’s reserve currency, economist Nouriel Roubini has warned.
Professor Roubini, of New York University’s Stern business school, believes that while such a major change is some way off, the Chinese government is laying the ground for the yuan’s ascendance.
Known as "Dr Doom" for his negative stance, Prof Roubini argues that China is better placed than the US to provide a reserve currency for the 21st century (...)
Carnaval celebration in Rio de Janeiro, Brazil
By Malcolm Moore
China has become Brazil’s most-important trading partner, disrupting a relationship between the United States and the Latin country that stretches back to the 1930s.
Welber Barral, the Brazilian trade minister, said total trade between Brazil and China had amounted to $3.2bn (£2.14bn) in April, representing a near twelve-fold increase since 2001.
The sum was greater than the $2.8 billion of imports and exports to the US and (...)
As the world teeters on the brink of financial disaster, leaders are calling for a new world order. As early as the late 1990s, David Rockefeller, author of the idea of private power that is due to replace the governments, said that the world was on the threshold of global changes. He invoked the need of "some large-scale crisis that will make people accept the new world order..." Olga Chetverikova believes we have reached the final stage of that long-time planned ’global control’ agenda.
Let the game begin ! We are about to watch one of the most interesting political chess matches ever played on the international stage. Perhaps the most honest statements in today’s AP news report, "US eases Cuban travel, money restraints" - are the words, "U.S. telecommunications firms were freed to seek business there" and "Obama said as a presidential candidate that the embargo was a form of leverage to press for democratic reforms in Cuba."
A concerted push towards the creation of a new global currency is underway. The idea is not new, but the elites have seized the current crisis as an opportunity to fast-track their long-term plans for forging a New World Order, beginning with the financial sphere. The process will be conducted under the stewardship of the IMF, aptly refurbished for the job, the World Bank and the Bank of International Settlements. Marshall suggests that behind the calls for a new global currency, we are witnessing the emergence of a New World Order comprising a totalitarian global government structure which will remove any vestiges of oversight and accountability away from the people, and toward a small, increasingly interconnected group of international (...)
The first major international operation of the Obama Administration is the G20 summit in London. It is focussed on the global domination of Anglo-Saxon finance. Two important decisions have been taken: increasing the resources of the IMF and the World Bank and “abolishing banking secrecy”. Jean-Claude Paye notes that this new regulation – which in fact aims at moving money back into Europe – benefits Anglo-Saxon legal structures for money laundering: trusts and the LLC.
Those who were hoping the G-20 would result in concrete measures to resolve the world ecomic crisis will have been disappointed. The Summit prioritized finance capitalism and decided to provide increased funds to the IMF so that it may pursue its exploitative policies vis-à-vis the Third World. By breaking down resistance, the crisis offers an unexpected "opportunity" for the advocates of capitalism to accelerate the system’s globalisation process. Damien Millet and Eric Toussaint offer us their assessment.
James Petras renders a sobering diagnosis of the global crisis, in stark contrast with the upbeat spin emanating from the recent G-20 Summit. Leaving no stone unturned, he takes us through the various processes, including military-driven empire building, that have led inexorably to the current, deepening debacle. The elephant in the room is the capitalist system itself. With great eloquence, Petras fleshes out the message that protesters throughout the world have been shouting out: "capitalism isn’t working".
Traders work at the New York Mercantile Exchange
Thousands to March on Wall Street & AIG on APRIL 3 as part of the Bail Out People, Not Banks Protest
Main focus of March:
The need for a real jobs program
A moratorium on foreclosures and evictions
The April 3 March on Wall Street will begin with an opening rally at 1:00 PM at Wall Street and Broadway, followed by a march to AIG at 70 Pine St.
The Bail Out the People Movement Statement on AIG and the Latest Bank Bailout Plan (...)
As President Barack Obama - pictured with Geithner - put it, the US is going through a ’rough patch’.
By Ambrose Evans-Pritchard
US Treasury Secretary Tim Geithner shocked global markets by revealing that Washington is "quite open" to Chinese proposals for the gradual development of a global reserve currency run by the International Monetary Fund.
The dollar plunged instantly against the euro, yen, and sterling as the comments flashed across trading screens. David Bloom, (...)
Shut down and takeover of “tent cities” stokes fears of internment pretext
by Paul Joseph Watson
Plans to shut down tent cities in California and relocate homeless people to government-run facilities have stoked fears that the move could be a pretext for a wider internment of Americans in the event of a total economic collapse.
“California Governor Arnold Schwarzenegger said a make-shift tent city for the homeless that sprang up in the capital city of Sacramento will be shut down and its (...)
The international crisis that broke in summer 2008 demolished all the neo-liberal dogmas and exposed the deception behind them. Unable to deny their failure, the World Bank and the International Monetary Fund claim they no longer uphold the set of neo-liberal policies known as the Washington Consensus. Yet, discredited though they may be, these two institutions are using the international crisis to return to the limelight.
As European economies sink, social unrest is spreading throughout Europe: one million workers on the streets of France, wildcat strikes in Britain, rioting in Greece and the Baltic republics and sit-in protests by glass workers in Ireland. This whipping analysis of the mounting storm casts adumbrations of widespread revolution. The rumblings have turned to open riot against entrenched governments and the entire capitalist system. As the "domino effect", as Walberg calls it, brings down the powerful elite in coming years, perhaps months, the real "string pullers" continue to amass and concentrate wealth and power. Where is it all going to end?
American Recovery and Reinvestment
Throughout America’s history, there have been some years that simply rolled into the next without much notice or fanfare. Then there are the years that come along once in a generation – the kind that mark a clean break from a troubled past, and set a new course for our nation.
This is one of those years.
We start 2009 in the midst of a crisis unlike any we have seen in our lifetime – a crisis that has only deepened over the last few weeks. Nearly two (...)
Wall Street broker Bernard (‘Bernie’) Madoff, former president of NASDAQ, revered and respected investor confessed to pulling off the biggest fraud in history, a $50 billion dollar scam. Bernie was known for his generous philanthropy, especially to Zionist, Jewish and Israeli causes.
Colonial style empire-building is making a huge comeback, and most of the colonialists are late-comers, elbowing their way past the established European and US predators. Backed by their governments and bankrolled with huge trade and investment profits and budget surpluses, the newly emerging neo-colonial economic powers (ENEP) are seizing control of vast tracts of fertile lands from poor countries in Africa, Asia and Latin America, through the intermediation of local corrupt, free-market regimes.
The following documentary was made by the «Calle y Media» audiovisual cooperative and it shows in the most objective and sincere way the causes and reasons of what is really happening in Latin America, and particularly the social encouraging machine that Venezuela has become itself. Our societies are moving in the 21st century.
The political expression of the British pacifist movement, incarnated by lawmakers George Galloway and Charles Kennedy, and opposed to the war in Iraq, has split up a bit during the last few days.
George Galloway joined the TV-reality show “Big Brother Celebrity”, in which ten former celebrities participate, including models and top basketball players. He will transfer his emoluments to a charitable Palestinian association close to Hamas. This is how he expects to reach out a vast audience (...)
The true nature of today’s European Union has become evident in the simultaneous construction of a North American community whose aim is to merge with the former. Pierre Hillard analyzes this project as it is described in documents by Mexican, Canadian and American influential authors.
The high-flown oratory of World Bank experts about good management, corruption and the reduction of poverty is only a farce. As a matter of fact, the World Bank imposed on Chad, at all costs, an oil pipeline project that was supposed to enrich a well-known dictator who has just laughed at that institution in a masterly manner. Meanwhile, the people in that country sweat blood to pay a colossal debt without taking the least advantage of their own natural wealth. Let’s see in detail this skit on a neoliberal model artificially imposed by international institutions at the service of world powers and money.
La Croix, a French catholic newspaper that is owned by the Assumption Church, devoted its front page on October 4, 2005, to the strike movements organized on the eve that day across France and which mobilized a million people. However, the journal came up with the headline “Social test, political test”, by arguing that the French deprivation will be the first test for Dominique Galouzeau de Villepin, within a context “of concern” and “economic situation with no room to maneuver”.
By letting the poor and mainly black population of New Orleans that was affected by Hurricane Katrina die, the US administration showed the disastrous consequences of its racial and social elitism. To top it off, Washington turned down the precious help of Cuban doctors and took the opportunity to suspend the minimum wage in the region, so that Halliburton and its cronies can get richer thanks to the natural disaster. At the same time, Cuba’s antiterrorist fighters are illegally held in US prisons while notorious CIA-trained criminals, like Luis Posada Carriles, are welcomed with open arms in the United States.
The report of the United Nations Development Programme (UNDP) for 2005 shows abundant progress but at a slower rate than expected because of the rules of the international trade and security problems. Eighteen countries are suffering a downscale, as well as certain populations of one of the richest countries in the world: the United States where, after several years under the Bush Administration, Afro-Americans and Hispanic-Americans are on their way to live under Third World conditions.
The G-8 Summit in Scotland will analyze the desperate situation of the poorest countries. Up to now, George W. Bush has resisted Tony Blair calls in favor of doubling the aids offered to Africa until year 2010. This is a tragic mistake based on the belief that Africa can recover itself through its own effort whereas the assistance from abroad only increases corruption. All this is false: Africa is extremely poor. Many countries can use this assistance efficiently and the American (...)
An unusual alliance is being formed. Evangelical groups as well as activists and celebrities join their efforts to ask the G-8 leaders to transform poverty into ancient history. Live 8 concerts were aimed at spreading the idea of extending the GDP percentage to 0.7% for the development aid until 2010, eliminate agricultural subsidies and eradicate diseases. It is an unusual moment in which the reduction of global poverty must be the priority. It’s the fashion, it’s moral and it is an (...)
Everybody regrets something. When I was young I could witness Biafra’s extreme poverty and when I analyze my past I realize I didn’t do enough to combat it. As Minister of Finances or Prime Minister I did my best to preserve the funds granted to development assistance. But, in a retrospective way, I regret not having done more. Of course, I have multiple excuses (the refusal of the Parliament to grant additional sums, other urgent problems..., etc.) but this is not enough for my conscience. (...)
Throughout Africa, millions of people live in conditions scarcely imaginable to most Americans. It is too simple to blame the African leaders. Africa has been also the victim of good intentions and half-promises from the West. We should all applaud Tony Blair for making Africa the centerpiece of the G-8 summit at Gleneagles. However, the chief proposal that is supposed to address African needs is suspect. The United Kingdom is pushing for an “international finance facility” that would enable (...)
Financial Crime and Coup d’état. First Part.
The Libertarian’s Think Tank
Chaos by design?
The Art of War