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 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 (...)
The Parties to this Agreement,
Being Parties to the United Nations Framework Convention on Climate Change, hereinafter referred to as "the Convention",
Pursuant to the Durban Platform for Enhanced Action established by decision 1/CP.17 of the Conference of the Parties to the Convention at its seventeenth session,
In pursuit of the objective of the Convention, and being guided by its principles, including the principle of equity and common but differentiated responsibilities and (...)
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 (...)
After the devaluation of the yuan, the international financial markets started trembling. Washington accused Peking of taking advantage of the market. As China wants to incorporate the yuan into the Special Drawing Rights, it is inconvenient to prolong the devaluation. Furthermore, if a currency war broke out, China would risk increasing the economic and geopolitical tensions between countries in the Asian-Pacific region. That way, the United States would have more possibilities to disrupt regional co-operation initiatives and thereby undermine China’s rise as a world power.
Economic relations between China and Latin America are living increasing tensions. As a result of deflation (fall in prices) on a global scale, the South American region is suffering the consequences of concentrating the bulk of its exports to China on commodities. However, the opening of the first yuan financial center in Latin America, in Santiago de Chile, agreed during Prime Minister, Li Keqiang’s visit, is bound to attract a number of technological investments which could drive peripheral industrialization and decrease the dollar’s dominance in Southern Cone countries.
In international press, a lot of ink has been devoted to the BRICS. Without a doubt the participation of the five-party in the world economy block has increased over the course of the last years, competing directly with the United States and the European Union. However, the details about the New Development Bank and the Contingent Reserve Arrangement make it clear that its members resist to abandoning the orbit of the dollar in order to destroy the shell of the Bretton Woods institutions.
European governments, European institutions and the IMF, acting in close alliance with, if not under direct control of, big international banks and other financial institutions, are now exercising a maximum of pressure, including open threats, blackmailing and a slander and terror communication campaign against the recently elected Greek government and against the Greek people.
They are asking the elected government of Greece to continue the “bail-out” program and the supposed “reforms” (...)
Expo Feria Exhibition Centre,
Santa Cruz de la Sierra (Bolivia)
Dear brothers and sisters, good afternoon!
Several months ago, we met in Rome, and I remember that first meeting. In the meantime I have kept you in my thoughts and prayers. I am happy to see you again, here, as you discuss the best ways to overcome the grave situations of injustice experienced by the excluded throughout our world. Thank you, President Evo Morales, for your efforts to make this meeting possible.
During our (...)
On June 18, negotiations between Greece and the Eurogroup stagnated again. The Troika insists that Yanis Varoufakis, finance minister, must present a “credible” plan with reform proposals for its creditors, in other words destroying labor rights, boosting austerity and along with that, giving maximum priority to paying its debts. Time is running out along with the confidence in Syriza. Therefore Greece needs to find oxygen more than a monetary union.
The number of adepts of the Chinese currency is ever-growing in its process of internationalisation. After gaining support in Pacific Asia and Europe by installing clearing centres and permit the investment of financial assets denominated in yuan, now Canada, the United States’ long-time ally, breaks its resistance and is called upon to become the platform of «yuan-ization» on the American continent.
Despite US opposition, the global rise of the yuan has become unstoppable. In the light of IMF reunions, the Chinese government is now looking for a way to incorporate the yuan into the Special Drawing Rights, which is a crucial step in order to convert it into a global reserve currency.
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In the light of the imperial offensive Washington launched against Russia and the democratically chosen governments in Latin America, the strategic partnership between the Common Market of the South and the Eurasian Union emerges like a crucial mechanism in the defense of sovereignty and the development of a multipolar world order, which is ever further away from the orbit of the dollar and less focused on the American economy.
The loans granted by China have changed into an instrument of foreign politics. At the same time these loans permit China to forge closer ties with fundamental allies and reduce the influence of financial institutions under the aegis of the United States in strategic areas.
Obama Repudiates Allen-Gates-Petraeus-Kerry Campaign to Spare ISIS, Bomb Assad; Pressure Mounting on Turkey’s Erdogan to Slam Terrorists; GOP Cowards Run from Fight Over Deportation Halt; As Austerity-Induced Deflationary Collapse Looms, Fed-European Central Bank-Bank of Japan Must Start Massive Infrastructure Credit Stimulus; World Outrage Grows Over Upton Clan’s Illegal Vendetta Against Rev. Pinkney
The West’s failure at the G20 has been concealed from the European and US populations through a vast propaganda offensive which spotlighted Putin being scoffed by his peers over his Ukraine politics. However, it must be noted that the name of Ukraine was not even once pronounced during the summit. The Atlanticist propaganda created a confusion between the aggressive statements made by Western leaders on the sidelines of the summit and the summit itself. Manlio Dinucci revisits the G20 and the growing momentum in Sino-Russian relations.
The establishment of the Asian Infrastructure Investment Bank was finally approved by 22 Asian countries on Friday 24 October. On the one hand, the new regional development bank enters into direct competition with the Asian Development Bank, established in 1966 under the overwhelming dominance of the United States and Japan; on the other hand it will serve as a mechanism for regional integration and against the “pivot doctrine”, driven by Pentagon and the State Department.
Since the beginning of the Islamic State onslaught in June against Iraq, not only did the price of oil not climb, but it fell by nearly 25%, from $ 115 barrel of crude to 83.78 dollars.
Venezuelan Oil Minister Rafael Ramirez publicly denounced that a price manipulation is afoot, totally unrelated to the reality of the international market. Most experts accuse Saudi Arabia, while experts from the Kingdom itself speak openly about pulling the price down to $ 80 a barrel.
The governor of the (...)
"Vulture funds" refer to companies that buy insolvent debts for a song and later try to cash in on them by force. Billionaire Paul Singer has made it his specialty. Today he is intent on consolidating his fortune at the expense of the Argentinian people, while already setting his sights on Spain.
European governments most hypocritically claim that the mandate given to the European Commission to negotiate a transatlantic trade and investment partnership agreement with Washington falls within European law. Actually as with previous agreements such as Swift, data related to air passengers, and to tax evasion, the Commission has been told to suspend the application of European law when negotiating with the US. Consequently negotiations amount to deciding the areas in which Europeans will no longer be protected by their respectives States.
BRICS are laying the foundations of a new financial architecture with the Contingent Reserve Arrangement and the creation of their own development bank. However, as Ariel Rodriguez Noyola points out, cooperation among its members is plagued by strong rivalries, making it difficult for them to reach an agreement.
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