Category Archives: Geo-politics

Bolivan President Evo Morales taking bold steps to end economic colonialism

A recent article, Evo Morales: A Bolivian idol, posted on the Aljazeera website, quotes the Bolivian president as saying,

“I have no regrets – in fact, I am pleased to have expelled the US ambassador, the Drug Enforcement Administration (DEA) and to have closed the US military base in Bolivia. Now, without a US ambassador, there is less conspiracy, and more political stability and social stability. Without the International Monetary Fund, we are better off economically.”

Bold action, indeed. Read the full article here.

9/11 — the Myth and the Reality

Dr. Paul Craig Roberts is a man with impeccable credentials. Besides having been affiliated with a half dozen universities and think tanks, he served as Assistant Secretary of the Treasury for Economic Policy in the Reagan administration.

In his latest web post, he recalls the events of 9/11, 2001, debunks the official story, and sums up the changes that have transformed the United States into a “warfare/police state.”–T.H.G.

9/11 After 13 years

Paul Craig Roberts

The tragedy of September 11, 2001, goes far beyond the deaths of those who died in the towers and the deaths of firefighters and first responders who succumbed to illnesses caused by inhalation of toxic dust. For thirteen years a new generation of Americans has been born into the 9/11 myth that has been used to create the American warfare/police state.

The corrupt Bush and Obama regimes used 9/11 to kill, maim, dispossess and displace millions of Muslims in seven countries, none of whom had anything whatsoever to do with 9/11. .. More..

Dollar decline accelerates as political alliances are being reshaped

Whether you’re a Democrat, Republican, Independent, Green, LaRouchite, or consider yourself apolitical, you need to pay attention to what is happening on the money and banking front, because that is the realm in which World War III is now being fought.

We can’t afford to tune out messengers that wear a different party label or with whom we might disagree on other issues. Listen carefully to what Ron Paul has to say in this Alex Jones interview and use your common sense to separate the “wheat from the chaff.”

How do central banks control interest rates?

Question: How do central banks control interest rates?

Answer: By creating counterfeit money.

Of course, they will never admit that. They see their “purchases” of debt instruments, mainly those of governments, as being legitimate. But such purchases violate sound monetary principles, and even their legality is questionable.

The obvious question that must be asked is “Where do central banks get the money with which to buy those debt instruments?” The answer is, they do not “get” the money, they create it–by fiat. This is  their celebrated “quantitative easing,” which is actually currency inflation. The new “high powered money” thus created puts new “reserves” into the banking system, which banks use to multiply their own purchases of government bonds and other assets.

Without this “monetization” of debts by the banking system, newly offered debt instruments, like government bonds, would have to offer higher rates of interest to attract buyers from the general public.

Interest rates on the ever-increasing amounts of sovereign debts can only be kept low by this sort of central bank intervention. As I put it, central banks are the “buyers of last resort” for bonds that cannot be sold at artificially low rates of interest. The chart below show just how desperate the situation has become since the financial crisis of 2008.

Interest Rate Elephant In The Room

 

Initially, however,  in the case of the Fed, the purchases were of “junk” that the banks had created during the real estate bubble. That was the bailout that saved the banks but put the squeeze on people through foreclosures, layoffs, and loss of income on their savings.

As shown in this chart and others I posted previously, all he major central banks are doing the same thing, so foreign exchange rates are not too adversely affected–yet. But keep your eye on Brazil, Russia, India, China, and other countries that show signs that they may not be willing to play along./ t.h.g.

An open letter to the Financial Times

Dear Martin Wolf,
Your article, Strip private banks of their power to create money, highlights some of the problems of the global money and banking system, but falls short in the proposed solution.

The problem is not private money creation, per se, but the monopolization of credit (money creation) in the hands of a private banking cartel and the collusive arrangement between bankers and politicians.

In today’s world, banks get to lend our collective credit back to us and charge interest for it while central governments get to spend more than they earn in overt tax revenues, relying on the banking system to monetize government debts. These two parasitic drains on the economy, interest and inflationary government debt monetization, create a growth imperative that is destroying the environment, shredding the social fabric, and creating ever greater disparities of income and wealth.

Turning over the money monopoly to politicians (what I call the “Greenback solution”) will not change things very much. It will be the same people wearing different hats. The political process has been so thoroughly corrupted and taken over by this small elite class that political approaches to solving the money problem have no chance of passage anyway. I articulated that argument a few years ago in my Alternet article, The End of Money: Take Power Back From the Money and Banking Monopoly.

True solutions must emerge, and are emerging, from society and from associations of small and medium-sized businesses. Money is first and foremost a medium for facilitating the exchange of goods and services and other forms of real value, but the exchange function can be effectively and efficiently provided outside the banking system and without the use of conventional political money. This is being done for associated businesses through credit clearing exchanges and through the issuance of private currencies or vouchers by businesses that produce real value. Both approaches have the capacity to provide exchange media that can be used by general public as well.

So, rather than ban private issuance of currencies, such private issuance needs to be proliferated and encouraged. There needs to be competition in currency so that there will be a sufficient amount of exchange media, and so that political currencies cannot be abused without losing patronage in the market. Rather than establishing the state as the money power, we need to have a separation of money and state. That argument is more fully developed in my latest book, The End of Money and the Future of Civilization.

Best wishes,

Thomas H. Greco, Jr.

Newsletter – April, 2014

Flight MH370
Shortly before midnight on March 6 I departed Kuala Lumpur on board a Boeing 777 bound for Tucson, via Tokyo and Los Angeles. That was just 26 hours ahead of the mysterious flight MH370 which departed from the same airport just after midnight on March 8 and has become the object of a massive search and equally massive speculation. I get an uneasy feeling when I consider how close I came in time and circumstance to being on that plane. Now, more than a month later, the mystery of the flight’s disappearance seems no closer to being solved.
Given the changing and contradictory news that has been provided by Malaysian authorities and others involved in the search, I can’t help but wonder if the news is being manipulated and crucial information is being withheld from the public. Why haven’t we heard more about the passengers? Who they are and what might they have been involved in? One tantalizing fact that is no longer mentioned is that 20 of the passengers were employees of Freescale Semiconductor, which according to the Express (UK) “makes powerful microchips for industries including defence.” The Express article, Malaysian plane: 20 passengers worked for ELECTRONIC WARFARE and MILITARY RADAR firm, reveals some facts about the company’s ownership that raise suspicions and ought to be fully investigated. A casual search of the internet will bring up plenty of other possible scenarios and explanations of what might have happened to flight MH370.
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Russia, Ukraine, and the New world Order
While still in Malaysia I picked up a copy of The Star (March 4 edition), one of Malaysia’s leading daily newspapers. One of the main articles had to do with the crisis in the Ukraine. The headline read: Ousting democratically-elected leaders, with the sub-head, The ousters of democratically-elected leaders have often been carried out directly or indirectly by champions of democracy themselves, thus suggesting how hypocritical and disingenuous western politicians have been in any number of cases where regime change has been the intended result. The article was written by Dr. Chandra Muzaffar, who is President of the International Movement for a Just World (JUST). You can read it here.As western leaders vilify the Russian leadership and the media beat the drums for “sanctions,” it is important to keep in mind that the Ukrainian government of PresidentViktorYanukovich was democratically elected in 2010, and he was forcibly removed by a coalition that includes neo-Nazis and fascists, backed by western countries intent on bringing Ukraine into the EU orbit and NATO.If the United States and EU are really interested in a negotiated settlement, they will need to seriously consider the Russian point of view and address the legitimate concerns of the Russian government. Floyd Rudmin’s recent article in Counterpunch, Viewing the Ukraine Crisis From Russia’s Perspective, provides some fundamental background facts that provide a more complete picture.
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It’s Time to Put Money Out of its Misery
Last month I wrote an article for publication in Transformation as part of their 9 article series on money. Now, editor, Michael Edwards has provided a wrap-up piece, It’s time to put money out of its misery. Read it here.
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Traveling with Children
One curious thing I noted during my recent visits in Southeast Asia is the number of  young adults that I saw traveling with small children. In one instance I happened to be on a motor coach going from Penang to Kuala Lumpur. Among the passengers were two Scandinavian couples in the company of two infants and one toddler. This experience put me in mind of a very acute observation made by some long forgotten sage (it might have been Ogden Nash, but I can’t swear to it): The definition of a baby–“An alimentary canal with a loud noise at one end and a foul odor at the other.”

Actually, I think it’s wonderful that so many young people are willing and able to balance child rearing with their search for adventure, but it’s too bad the children will have little of it to recall.
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Sharing the Commons
One thing that seems certain to me is that the new paradigm society will come about through radical sharing and a major shift of our collective energies toward projects that promote the common good. On the Commons has just announced the offer of their new e-book Sharing Revolution: The essential economics of the commons by Jessica Conrad. You can download the free e-book here. I’ve not yet read it, but I’m confident that it will prove to be a major resource in “helping people connect and collaborate to advance the common good and develop greater economic autonomy.”

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Russia being squeezed by the New World Order

On my way back to the U.S. from Kuala Lumpur, I picked up a copy of the Financial Times (March 7 edition) in Tokyo while waiting for my connecting flight. As expected, I found numerous articles relating to the Ukraine situation, but one stood out amongst the rest. It was titled “Putin loyalist points finger at ‘global financial oligarchy.’”

I was surprised but also pleased to see this affirmation of my long-held view that the present geopolitical turmoil is not so much a contest among nations, but a global class war being waged by an elite oligarchy bent on creating a New World Order in which they hold the  reins of power. Oddly, when I later tried to locate the article on the FT website, it was nowhere to be found, but I did find an article from the previous day’s edition which quoted the same “loyalist,” Vladimir Yakunin, making the same arguments. That article is titled, US accused of ‘trying to destroy Russia.’

Yakunin is described as a “former senior diplomat” who now heads the Russian state railways. He has accused the US and a “global financial oligarchy” of organizing the violent overthrow of the government in Ukraine, and of trying to “destroy Russia as a geopolitical opponent.”

Both articles are based on the same interview and quote Yakunin as saying, “A CIA analysis . . . described three possible scenarios for the development of the geopolitical situation. The most acceptable scenario was considered to be one in which a certain world government is created – and the realisation of this project is in line with the concept of global domination that is being carried out by the US. We saw this in Iraq, we saw it in Afghanistan, we saw it in Yugoslavia and in North Africa. Today, the borders of carrying out this doctrine have moved to Ukraine.”

That article goes on to say, “Mr Yakunin said the west had consistently reneged on its assurances to Moscow since 1991 that it had no intention of encircling it by expanding NATO to include countries on Russia’s borders. Since the collapse of the Soviet Union, the three Baltic states have joined the alliance as well as eastern European countries – including Poland, Bulgaria, Hungary and Romania – most of which were once in the Warsaw Pact.”

“’If you look at things objectively, [the former German chancellor Helmut] Kohl swore to [Soviet leader Mikhail] Gorbachev that the exit of Soviet troops from Germany would not lead to NATO’s approach towards Russia’s borders. But in reality everything that has happened is the exact opposite.’”

If one is willing to look at the record of history, especially monetary and banking history, he can easily see that Mr. Yakunin’s charges are entirely valid.

Carroll Quigley, historian and advisor to Presidents, told us long ago that the would-be rulers of the world have a plan:  “The powers of financial capitalism had a far-reaching plan, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole… Their secret is that they have annexed from governments, monarchies, and republics the power to create the world’s money…” (Tragedy and Hope, 1966).

That is the essence of the New World Order that has been touted for decades by American political leaders, notably the first President Bush.

Now, the annexation of Crimea seems a natural step for Russia to have taken to not only protect its military installations there, but also to resist the advancing NWO. While the western propaganda machine gave it short shrift in its attempt to paint Putin as the “bad guy,” Putin’s speech is well worth considering. You can find the full text here.

And lest we be seduced into thinking that the Russian reaction is a simple act of aggression, read this background and analysis by Chris Kanthan: Ukraine: A Candid, In-depth Discussion.

Even a casual observer of recent geopolitical history can see the pattern of encirclement, neutralization, and domination that has characterized western policies over the past several decades. It is clear that the consolidation of power and the imposition of the global fascist New World Order is all but complete and that all remaining obstacles must be removed, one way or another.

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