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 Russian Federation is expected to announce economic sanctions against Washington. According to Deputy Prime Minister Dmitry Rogozin, Moscow could suspend space shuttle co-operation and stop delivering rocket engines.
To get astronauts to and from the International Space Station, NASA currently relies on the Russian Federal Space Agency and its Soyuz rockets and spacecraft.
U.S. military satellites are launched by Atlas-5 rockets provided by United Launch Alliance (ULA), a company (...)
Washington has thwarted several launches of European satellites outfitted with U.S. equipment, which were to be sent into orbit by Russia’s Proton rocket, reported on Monday Russian daily Moskovsky Komsomolets.
According to specialized journalist Peter Selding, the U.S. sanctions target, inter alia, the Astra 2G telecommunications satellite of Luxembourg manufacturer SES, which was scheduled for launching in June from the Baikonur Cosmodrome on the Proton-M carrier rocket. The launch of the (...)
Specially Designated Nationals List Update
The following individuals have been added to OFAC’s SDN List:
• BELAVENCEV, Oleg Evgenyevich (a.k.a. BELAVENTSEV, Oleg); DOB 15 Sep 1949; Russian Presidential Envoy to the Crimean District; Member of the Russian Security Council (individual).
• CHEMEZOV, Sergei (a.k.a. CHEMEZOV, Sergey Viktorovich); DOB 20 Aug 1952; POB Cheremkhovo, Irkutsk, Russia (individual).
• KOZAK, Dmitry; DOB 07 Nov 1958; POB Kirovograd, Ukraine; Deputy Prime Minister of the (...)
The international search for missing flight MH 370 showed that Washington was able to track the aircraft well beyond what it has admitted so far and that it waited a week before revealing what it knew. The search also showed that China lacks the refuelling ports to deploy its navy over such a large area. But beyond the news item and the respective strategic capabilities that it brought to light, this enigmatic disappearance has made at least some people happy: Blackstone and Jacob Rothschild.
The U.S. fast food chain McDonald’s announced on Friday it had closed its three restaurants in Crimea (Sevastopol, Simferopol and Yalta).
Although the chain has not provided a clear explanation, its decision was likely prompted by the political situation.
Commenting on the announcement, the leader of the Russian Liberal Democratic Party (Nationalist), Vladimir Zhirinovsky, said that the chain would be well advised to also close all of its approximately 400 restaurants throughout the rest (...)
According to a report in Kommersant-Ukraine, the finance ministry of Washington’s stooges in Kiev who are pretending to be a government has prepared an economic austerity plan that will cut Ukrainian pensions from $160 to $80 so that Western bankers who lent money to Ukraine can be repaid at the expense of Ukraine’s poor. It is Greece all over again.
1. We welcome recent signs of improvement in the global economy, in particular, growth strengthening in the United States, United Kingdom and Japan alongside continued solid growth in China and many emerging market economies , and the resumption of growth in the euro area. Some key tail risks have diminished.
2. Despite these recent improvements , the global economy remains far from achieving strong, sustainable, and balanced growth. We agree the global economy still faces weaknesses in (...)
In Rome, the "Markets, Culture and Ethics" interdisciplinary research centre of the Pontifical University of the Holy Cross (Rome) is offering a course entitled ’’Economics for Ecclesiastics’’.
The inaugural lecture will be delivered by a former adviser to Margaret Tatcher and vice president of Goldman Sachs International, Lord Brian Griffiths of Fforestfach.
The Pontifical University of the Holy Cross is the academic front for the Opus Dei.
Lord Brian Griffiths is also the chairman of the (...)
1. The G20 has been at the forefront of efforts to establish a more effective, efficient and fair international tax system since they declared the era of bank secrecy over at the G20 London Summit in April 2009. In an increasingly borderless world, strengthening international cooperation in tax matters is essential to ensuring the integrity of national tax systems and maintaining trust in governments.
2. The Global Forum on Transparency and Exchange of Information for Tax Purposes has (...)
“…we agree to establish a Working Group on Development and mandate it to elaborate, consistent with the G20’s focus on measures to promote economic growth and resilience, a development agenda and multi-year action plans to be adopted at the Seoul Summit.”
The G20 Toronto Summit Declaration, June 2010
1. The main added value of the G20 development agenda has been a strong emphasis on the importance of economic growth. Economic growth has been central to the progress achieved in reducing (...)
A Narrative Progress Report on Financial Reform
The G20 committed in 2008 to a fundamental reform of the financial system, to correct the fault lines that led to the global financial crisis and to rebuild the financial system as a safer, more resilient source of finance that better serves the real economy. To achieve this, the G20 called on the FSB to coordinate the development of a robust and comprehensive framework for global regulation and oversight of what is now a global financial (...)
The ministers for Employment and the Economy, as well as the governors of the central banks for the member states of the G20, met in Saint-Petersburg between the 18th and the 20th July 2013.
The aim of this meeting was to prepare the summit meeting of the heads of state and governments which will be taking place on the 5th and 6th of September.
The participants examined the propositions of the OECD to tax multinational and other companies which, so far, partially avoid their influence. (...)
1. We, the G20 Finance Ministers and Central Bank Governors, met to review the current global economic conjuncture and discuss the required policies in preparation for our Leaders’ Summit in September.
Global Economy and G20 Framework for Strong, Sustainable and Balanced Growth
2. Strengthening growth and creating jobs remain our priority and we are fully committed to taking decisive actions to return to a robust, job rich growth path.
3. The global economy remains too weak and its (...)
1. We, the Ministers of Labour and Employment from G20 countries met in Moscow on July 18-19, 2013 to discuss the global labour market situation and employment challenges faced by our countries. Promoting jobs is at the heart of G20 objectives to achieve strong sustainable and balanced growth.
2. Since 2012, the global economy has seen some improvements but the recovery from the crisis remains uneven. World economic growth has been too weak to foster adequate job creation and reduce (...)
1. We, the G20 Ministers of Labour and Employment and the G20 Ministers of Finance, met in Moscow on July 19, 2013 to discuss strategies to promote strong, sustainable, and balanced growth with the creation of more quality jobs, while increasing productivity.
2. Although downside economic risks have subsided relative to last year, growth is still too weak in many G20 countries to materially increase jobs and reduce unemployment /underemployment, and global growth forecasts point to (...)
Ulrich Grillo [left in photo], chairman of Bunderverband der Deutschen Industrie (BDI), the Federation of German Industries, and Pierre Gattaz [right], president of the Mouvement des entreprises de France (MEDEF), Movement of the Enterprises of France, announced on 5 July 2013 the creation of a standing committee between the two organizations.
The BDI and the MEDEF are also considering opening joint office in Brussels.
This announcement marks a turn in the trajectory of French employers. (...)
Private enterprise drives growth, reduces poverty, and creates jobs and prosperity for people around the world. Governments have a special responsibility to make proper rules and promote good governance. Fair taxes, increased transparency and open trade are vital drivers of this. We will make a real difference by doing the following :
1. Tax authorities across the world should automatically share information to fight the scourge of tax evasion.
2. Countries should change rules (...)
Subject to our different constitutional circumstances, and understanding that a one-size-fits all approach may not be the most effective, the G8 endorses the following core principles that are fundamental to the transparency of ownership and control of companies and legal arrangements. These core principles, consistent with the FATF standards, are essential to ensure the integrity of beneficial ownership and basic company information, the timely access to such information by law enforcement (...)
Following their discussion on the global economy this afternoon, G8 leaders at Lough Erne, Northern Ireland, have concluded:
Promoting growth and jobs is our top priority. We agreed to nurture the global recovery by supporting demand, securing our public finances and exploiting all sources of growth. The fight against unemployment, particularly long-term and youth unemployment remains critical in our domestic and collective agendas.
Global economic prospects remain weak, though downside (...)
Washington was quick to use the financial crisis in Cyprus to implement a strategy for capturing capital described three weeks ago in these columns . With the help of the Managing Director of the International Monetary Fund, US comprador Christine Lagarde, the American leadership challenged the inviolability of private property in the European Union and attempted to confiscate a tenth of bank deposits, supposedly to bail out the Cypriot national bank affected by the Greek crisis.
New Secretary of State John Kerry’s first contacts were not devoted to the Asia pivot (transfer of U.S. forces to the Far East) or the partition plan for the Middle East, but to the creation of a NATO economy, without arousing the slightest concern in Europe. However, should it be implemented quickly, this project would solve the economic crisis in the United States at the expense of Europeans.
15 February 2013: Barack Obama receives his Italian homologue, Giorgio Napolitano at the White House © Presidency of the Italian Republic
“Love for the Italian people”: so declared President Obama on receiving President Napolitano at the White House “the day after St Valentines Day”. Why so much love? The Italian people “welcome and host our troops on their soil”. A welcome much appreciated by the Pentagon, which has in Italy, (according to official data published in 2012) 1485 buildings, (...)
We, the Leaders of the United States and the European Union, are pleased to announce that, based on recommendations from the U.S.-EU High Level Working Group on Jobs a nd Growth co-chaired by United States Trade Representative Kirk and European Trade Commissioner De Gucht, the United States and the European Union will each initiate the internal procedures necessary to launch negotiations on a Transatlantic Trade and Investment Partnership.
The transatlantic economic relationship is already (...)
1. The 9th ASEM Summit was held in Vientiane, Lao People’s Democratic Republic (Lao PDR) on 5-6 November 2012 and attended by the Heads of State and Government of forty- nine Asian and European countries, the President of the European Council, the President of the European Commission and the Secretary-General of the Association of South East Asian Nations (ASEAN). H.E. Mr. Choummaly SAYASONE, President of the Lao PDR delivered his Opening Address at the Opening Ceremony of the 9th ASEM (...)
The carefully engineered and fueled debt crisis, coupled to Brussels’ regionalization policies, not only causes nation-statehoods in Europe to crumble but, from a wider perspective, undermines national sovereignty and statehood as general principles. Authors Andrei Ganzha and Sergei Klimovsky of the Strategic Culture Foundation scrutinize below the erosion of the Spanish state.
Nations have reached their limit in subsidizing the United States’ military adventures. During meetings in June 2009 in Yekaterinburg, Russia, world leaders such as China’s President Hu Jintao, his then Russian counterpart Dmitry Medvedev, and other top officials of the six-nation Shanghai Cooperation Organisation took the first formal step to replace the dollar as the world’s reserve currency.
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 (...)
Financial Crime and Coup d’état. First Part.
The Libertarian’s Think Tank
Chaos by design?
The Art of War