CHAPTERS

  1. PART I – MONETARY SYSTEM AND THE CREATION OF MONEY
  2. PART II – MONEY IS DEBT AND DEBT IS MONEY
  3. PART III – INFLATION IS NEEDED AS PART OF THE SYSTEM
  4. PART IV – THE CREATION AND INFLUENCE OF THE FEDERAL RESERVE BANK
  5. PART V – THE CASE OF JEROME DALY
  6. PART VI – PRESIDENT ABRAHAM LINCOLN
  7. PART VII – THE ECONOMIC KILLERS
  8. PART VIII – IRAN AND PRESIDENT MOSSADEGH
  9. PART IX – GUATEMALA AND ARBENZ
  10. PART X – ECUADOR AND ROLDOS
  11. PART XI – PANAMA 1981
  12. PART XII – VENEZUELA 2002
  13. PART XIII – IRAQ 2003
  14. PART XIV – MANIPULATION OF THE DESTINIES OF NATIONS
  15. PART XV – THE CORPORATOCRACY
  16. PART XVI – GLOBALIZATION
  17. PART XVII – GLOBALIZATION AND ENVIRONMENTAL EFFECTS
  18. PART XVIII – WORLD BANK AND IMF LOANSHARKS
  19. PART XIX – GLOBALIZATION AND TERRORISM
  20. PART XX – CONCLUSION BUT NOT THE END (not yet it is the hope)

 Analysis of The Economic and Monetary System

PART I –

MONETARY SYSTEM AND CREATION OF MONEY

Among all the social, political, economic and legal institutions and systems in which we live, willingly or unwillingly, that, directly or indirectly effect our life, seems that does not exist any other more complex, difficult, less comprehended and more mysterious than the Monetary System.

money_bridge

After reaching almost religious dimensions, the official monetary institutions exist as a sort of dogma as the most powerful amongst all of them. The way money is created from thin air, the monetary policies adopted and what are the real effects on the society, are topics generally unknown or kept away from the public opinion or awareness.

Five_Sector_Circular_Flow_of_Income_Model

In a world where 1% of the population holds 40% of the world’s riches, in a world where 34,000 children die every day (or 1,420 per hour or 24 per minutes) due to poverty and epidemic disasters that could be prevented or even erased and where 50% of the world population lives under the poverty line of 2 USD per day, one thing is, and must be absolutely clear: there is something deeply and dangerously wrong going on.

Admittedly or not, the blood that provides life to all our institutions and society, is MONEY. Therefore, comprehending the institutions or mechanism of the monetary systems is fundamental in order to comprehend the reason why our lifestyle is influenced by the flows of money and the policies and strategies adopted by the monetary institutions to rule and run through the global society.

Unfortunately, Economics, as science or field of studies or social investigation, is considered chaotic and boring. And the spreading of economic and financial language and terminology, alongside graphs and charts and mathematics or statistical analysis providing fear into the minds and hearts of the public opinion. are all great deterrents and keep most of the people away from the study of the monetary system.

However, the reality is that: the mysterious and mystic image linked with the financial system is just a well created mask planned with the objective of hiding away and conceal one of the most paralyzing and deadly social mechanisms even introduced and created by humankind.

Johann Wolfgang Von Goethe once said “None are more hopelessly enslaved than those who falsely believe they are free”.

goethe

Many years ago, the Central Bank of the United States of America ( the Federal Reserve) has written a financial document titled “Modern Money Mechanics”. This report shows in details the institutional procedures to be followed for the creation of money used by, or to be used by, the Federal Reserve and all the banks associated or affiliated, because they are dependent from,  In the initial pages it is perfectly introduced the object of the publication. Textually it is written, “The purpose of this booklet is to describe the basic process of money creation is a “fractionary reserve” banking system. The approach taken illustrates the changes in the bank balance sheet that occurs when deposits in bank change as a result of monetary action of the Federal Reserve System – The Central Bank of the United States.” Then the report proceeds to the description of the process of “fractionary reserve” making use of various and specific banking terminology whose meaning can be summarized as follows.

The government of the United States of America decides or needs money, and the next step is to ask the Federal Reserve, just for example, 10 billions USD. The FED answers: “It is not a problem we buy 10 billion USD of bonds from you”. Therefore, the government takes few pieces of papers on which it prints its official stamps and calls them “Treasury Bonds”. Then it decides a value of these bonds for a total of 10 billion USD and send then to the FED. On their part, the FED prints piles of papers called “banknotes of the Federal Reserve Bank” for a total value of 10 billion USD.

treasury bonds

The FED uses these banknotes and exchanges then for the Treasury Bonds. After this exchange has been completed, the Government takes the 10 billion USD in banknotes from the FED and deposits then in a bank account. After this deposit, the banknotes from the FED become officially money with current legal value adding 10 billion USD in money to the account balance and assets of the government of the USA.

FED BUILDING

In this way 10 billion USD have been easily created. Naturally, this example is just a simplification because, in crude reality this financial transaction takes place electronically without any form of paper. As matter of fact, only 3% of the monetary basis of the USA is physically and materially existent while the remaining 97% exists only in the virtual electronic archives of the digital systems.

PART II

– MONEY IS DEBT AND DEBT IS MONEY

Now, by their nature, the Treasury Bonds are instruments of debt, and when the FED buy them with money created from nothing, the government is, actually, promising of returning the money to the FED. In other words, the money has been through the system by financial debt.

MONEY =DEBT

This paradox surprises about how the money (or value) could be created through debt (or passivity) will become clearer by understanding the following example.

Now, the exchange has already taken place and 10 billion USD are deposited in the account of a commercial bank.

COMMERCIAL BANK = 10 BILLION USD DEPOSIT

ACCOUNT OWNER = US GOVERMENT

ACCOUNT BALANCE = 10 BILLION USD

And from this moment, things become to be more interesting and exciting, because based on the “fractionary reserve”, the deposit of 10 billion USD becomes part of the financial reserve of the commercial bank where the Government keeps an account. The same story is valid for all kinds of deposits.

And, for what does concern this reserve, as already anticipated in “modern monetary mechanisms”, a bank must keep the level of required reserves. Textually, the report states that “Finally, the bank must maintain legal required reserves equals to the prescribed reserves by the law and directives from the FED and Government’s monetary policies and equal to the percentage not higher or lower than the one fixed for its deposits.”

After it is quantified through the claim that ” by following the actual rules and norms, the necessary and demanded reserve deposits for the current account is 10%. This means that with 10 billion USD deposited, 10% or a billion USD is kept as obligatory reserve or legal reserve to be kept by the bank”.

BANK DEPOSIT FROM USA GOVERNMENT = 10 BILLIONS

LESS

BANK FRACTIONARY RESERVE = 1 BILLION

AVAILABLE FUNDS FOR BANK TRANSACTION = 9 BILLIONS

While the remaining 9 billion USD is taken as money in excess, and can be used as base to issue loans. Now it is logi to consider that these 9 billion USD are generated from the existent deposit of 10 billion USD.

GOVERNMENT DEPOSIT = 10 BILLION

LOAN = 0 BILLION

But in reality it is not what is actually happening. What does actually takes place is, in reality, that the 9 billion USD are simply created from nothing on the basis of the deposit of 10 billion USD.

9 BILLION USD

10 BILLION USD


19 BILLION USD

This is the way the monetary basis expands and multiplies. As already said in Modern Money Mechanisms, “Obviously them – the banks –  do not really issue loans by utilizing the money received as deposit from the US Government. If they did this, no additional money would be created. What they do when they make loans is to accept promissory notes in exchange for credits to the borrowers’ transactions accounts.”

In other words, the 9 billion USD can be created out of nothing simply because there is a demand for loans, and, even more simply, there is a deposit that guarantees that type of loans and satisfy the compulsory and legal requirement of fractionary reserve.

Fractional-reserve-banking-infographic-HORIZONTAL

Now, let’s supposed someone, called Mr. John walks in the bank where the deposit of 10 billion USD is kept, and asks these new 9 billion USD as a loan The next thing, he will do is to deposit in his own current or saving account in his bank, which we will call, for the convenience of our discourse, Bank B. So this process will repeat itself. Bank B will keep 10% of this new financial asset as reserve and release as excess the remaining 90%.

MR JOHN BANK DEPOSIT = 9 billion USD

BANK B NEW RESERVE = 0.9 billion USD

BANK EXCESS MONEY AVAILABLE FOR NEW TRANSACTIONS = 8.1 billion USD

So now Mr. Robert enters Bank B and receive of 8.1 billion USD which he will deposit in his own account in Bank C. Again the process will generate a new financial reserve for Bank C of 0.81 billion USD and new money of 0.72 billion USD that can again be loaned out creating new money again.

The next process will see a loan of 7.29 billion USD generating 6.561 billion USD for new loans then 5.9 billion USD as new money fund to create more money. This cycle of money creation and bank deposits can keep going on to the infinite as follow

DEPOSIT MONEY / CREATION OF LOAN CYCLE

RESERVE  BASED LOANS                       EXPANSIO OF MONEY SUPPLY

$ 10,000,000,000                                               $10,000,000,000

$ 9,000,000,000                                                 $ 19,000,000,000

$ 8,000,000,000                                                  $ 27,000,000,000

$ 7,290,000,000                                                  $ 34,390,000,000

$ 6.561,000,000                                                  $ 40,951,000,000

$ 5,904,000,000                                                  $ 46,856,000,000

$ 5,314,410,000                                                   $ 52,170,000,000

$ 4,782,969,000                                                   $ 56,953,000,000

From a mathematical calculation, it seems that by keeping up the application of this method, it is possible to create a staggering 90 billion USD from an initial 10 billion USD generated from the very beginning through the request of the US Government for money to the FED in exchange of Treasury Bonds or, we could just call it the proper name, out of this air.

banking system 03

In other words, for every deposit created in the banking system, a sum of money 9 times bigger can be created from nothing. Need urgent money for business or house loan or personal loan then ask your bank and you will get instantly money under the form of a convenient personal loan.

PART III

– INFLATION IS NEEDED AS PART OF THE SYSTEM

Now that we know how money is created through the system of fractionary reserve, a logic demand is honestly due: what does it give real value to this money? The answer is the money that already exists.

NEW MONEY = MONEY SUPPLY

The new money, essentially, steals value or depreciates from the monetary base already existent. To every increase of total money in circulation corresponds another or same increase of aggregate demands for goods and services.  And for the Principle or Law of Demand the market generates equilibrium. Prices increase, reducing the purchasing power of the total quantity of money in circulation. This event is called inflation. and Inflation is, in other words, a collective hidden tax.

Inflation-in-Economics

Normally, the message used to describe when the money is losing value, the economists or politicians use to say that the money suffer from Inflation. Actually, in truth, the definition or explanation should be that with inflation the money becomes weaker in value proportionally to the increase of inflation.

With a weaker value, it is necessary to spend more money to buy the same goods or services usually consumed during the inflationary period. The leaders do not dare to say that people are cheated but that the banks lowers the interest fees. The real cheating case is to completely upset the value of the money. When the banking and financial system create money, the do so from nothing, or thin air.

However, we still have the so-called “Capital”. Therefore, the answer to the above question can be summarized in this way. How can we solve the economic dilemma presented to us by inflation? By increasing the offer of money causing higher inflation? Because the prices will act as sponges in absorbing the extra stock of money or surplus of money in the market. Obviously it. cannot be done.

The monetary expansion based on the principle of fractionary reserve is highly and intrinsically inflationary. Through he expansion of the monetary basis, without a proportional increase of goods and services, it I always possible to decrease the purchasing power of money. As matter of fact, by observing the performance of the historical value of the US dollar, compared with the value of the offer of money, this is highlighted clearly.

dollar inflation

The correlation is inverse by logic deduction. A US dollar of 1913 corresponds to 21.6 dollars in 2007 (almost a century later). It is a devaluation of 96% over 94 years which has began very strangely or coincidentally with the introduction of the central bank (Federal Reserve).

Now, if we consider this reality of intrinsic and permanent inflation might be absurd or anti-economic, then our thought or understanding might be seriously challenged by the way the monetary system does really function in all its cruel nature. In the monetary system money is debt and debt is money.

The offer of money or the printing of new money from 1950 (post war era) to 2006 (just in proximity of the disastrous 2008 global financial crisis) and the US national debt during the same period have always performed upwardly and exponentially.

Why? The more money is in circulation the higher the public debt and the inflation. The higher the debt the higher the money. or more debt is present in the economy then more money is needed to cover the debt.

In other words, every single dollar or euro in our own wallet is a debt with someone else. It must be remembered that the only way to create money is through a loan which is a debt for the receiver and a credit for the giver. Therefore, if everyone (private citizens, business companies, and event the government) is able to pay back and close all debts, there would be no money in circulation. “In other words, if there were no debts in our system, there wouldn’t be any money”, as Marriner Eccles, Governor of the Federal Reserve, sustained in 1941 during the House Committee Hearing on Banking and Currency.

PART IV

– THE CREATION AND INFLUENCE OF THE FEDERAL RESERVE BANK

In effect and quite realistically, the last time in the history of USA there was no more national public debt it was during the presidency of Andrew Jackson in 1835. President Andrew Jackson ordered the closure of the central bank of that time, the ancestor of the today’s Federal Reserve. The entire political program and philosophy of A. Jackson was aimed to the final objective to close the central bank and, as matter of fact, he used to state that ” the bold efforts the present bank has made to control the Government ……are but premonitions of the fate awaiting the American people should they be deluded into a perpetuation of this institution or the establishment of another like it”.

Unfortunately his message did not last long… the financial lobbies and the economic powers ruling the monetary system managed to build a new central bank in 1913 and until the time there will exist debt then it will be permanent. The fundamental scope of this new central bank funded in 1913 textually stated that the reason was ” to provide for the establishment of Federal Reserve banks, to furnish an elastic currency, to afford means to rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.”

FED SYSTEM

Insofar, I have written that money is created out of debt, through loans. These loans are based on the bank reserves as the new deposits created by loans at each stage are added to those created at all earlier stages and those supplied by earlier stages and those supplied by the initial reserve creating action. And through this system of the fractionary reserve, every deposit can create for 9 times of original value causing a fall of the purchasing power of the current existent money, and causing an increase of the prices. And given all this money is created from debt, and flow randomly in the market the people or debtors are completely disconnected from their initial debts creating in this way a condition of disequilibrium in which everyone is forced to compete for working with the purpose to obtain enough money from the monetary base to cover their living costs.

On the contrary, to what it may seems, there is still a missing element in this equation to understand the reason why our lifestyle is what it is.  And it is this fundamental element that reveals plainly the real fraudulent nature of the system, the Interest. When the Government takes up a loan from the Federal Reserve or when a person or a business company applies for a loan with a commercial bank, the loan must be returned with interest. In clearer terms, almost all money in circulation must be returned to the bank with interest. But, if all the monetary base is loaned by the Federal Reserve, expanding itself to the commercial banks through loans, then all what is defined as the Principal Money will constitute the money offered. Then, where is the money needed to cover all the interests on the capital? Nowhere. It does not exist.

All the implications of what until now exposed are shocking. The amount of money that must be returned to the banks will always be more than the money in circulation.

PRINCIPAL + INTEREST > PRINCIPAL OR MONEY AVAILABLE

This is the reason why inflation is a constant in economy. because there is always need of new money to allow the repayment of the deficit created by the system and within the system caused by the need of paying the interests. This means that mathematically the foreclosures and bankruptcies are part of the system and there will be always poor people who will remain with not even enough money for their most basic needs.

An analogy quite practical to explain this theory is the game of the musical chairs: once the music stops someone will be left out and in trouble of bankruptcy. And this is the shocking point. the debt transfers the real riches of the person or business or government to the banks, because when one of these three economic agents is unable to repay the loan and he is called a defaulter, the banks take all of the assets or personal possession. This is more shocking if we think that all these foreclosures are inevitable because of the fractionary reserve. But also because money loaned by the bank has not even been created in legal ways.

PART V

– THE CASE OF JEROME DALY

In 1969, a man from Minnesota called Jerome Daly opposing the refusal for the cancellation of the loan from the bank on his house, loan that the bank did concede to him to buy the house in the first place. His case was founded on the principal that both parties on the loan agreement agreed that, from both parties, the exchange legitimated assets for the exchange. In legal terms, this is called the causal of the agreement. In simpler terms, a causal of the contract is the fundamental element based on the exchange of a performance from one side with the same correspondent form of performance from the other side”. Mr. Daly explained that the money was not owned by the Bank because it was created out of nothing or thin air the moment the loan agreement was signed.

first-national-bank-of-montgomery-v-jerome-daly-cover

Do you remember what was established by the Report on Modern Money Mechanism on loans? What the banks do when they make loans is to accept promissory notes in exchange for credits to the borrower’s transaction accounts. Banks do not really pay out loans from the money they receive as deposits. If they did this no additional money would be created. Reserves are unchanged by the loan transactions. But the deposit credits constitute new additions to the total deposits of the banking systems.

In the layman’s language, the bank is not using its money reserve or its deposits to issue the money for the loan, The bank is creating the loan from money not existent apart a verbal solvability, on the paper. During the court proceeding, the owner of the Bank, Mr. Morgan wanted to be called to testify. He, admittedly, confessed that, in line with the FED, he created the money out of nowhere just by a bookkeeping entry.

The money and the credit came in existence when they created it, even when, as Mr. Morgan himself admitted, no statute or law of the United State allowed him to do so. Even when he was full aware that there was no lawful considerations to support the Notes or the bookkeeping entry. The Jury sentenced that there was no legitimate causal of the agreement and that only God could be able to create something from nothing.  And on the basis of this, the Jury recognized that the Bank had no right to refuse the cancellation of the loan on the house and Mr. Daly kept the house.

The legal implications of this case are huge and wide ranging, because every time money is borrowed by someone from the bank or loaned by the bank to someone, in whatever ways it is done, not only the money given does not exist, but it is an illegitimate form of exchange. A fraud would be the appropriate word. As such it makes void and null the obligation of returning the loan because the bank did not had in the first place the physical money to be loaned.

PART VI

– PRESIDENT ABRAHAM LINCOLN

Unfortunately, all these legal consequences are ignored or kept away from the masses and the cycle of transfer of riches continues infinitely. And this brings us to the final question. WHY?

lincoln

During the American Civil War, President Lincoln refused a loan at high interests offered by some European banks, and decide to operate in a way the founders refused or thought risky business to follow: to create a new money completely independent and free from any debt and called it “Greenback”. After the adoption of the Greenback, an internal document started to be shared amongst private English and American banks, stating: “slavery is the owing of labor and carries with it the care of the laborers, while the European plan is .. that capital shall control labor by controlling wages. This can be easily done through the control of money and currency but the introduction of the Greenback will obstacle our plans for control” (The Hazard Circular 1962)

GreenbackA

The application of the principle of the fractionary reserve implemented and supported by the FED, and promoted to the majority of the commercial banks in the world, is in reality a modern system of slavery. Money is created through debt and what people do when they are in debt? They look for job in order to pay their debts. But if money can only be created through debts how can the society be free from debts? it is not possible and this is the point.

It is the fear to lose what we still have that sustains the fight to keep going and up against the odds given to us by debt and inflation created and part of the system. All this combined together, with the scarcity of the same offer of money created by interests which cannot ever be paid back leaves slaves linked to salary, like they run on a treadmill alongside millions of people, empowering and strengthening an empire benefiting only an elite situated on the top of the pyramid. Therefore, at the end of the day, for whom people do work daily, monthly, yearly or all their lives? For the banks>

Money is created by the banks and there must be returned. They are the real bosses, together with the multinational lobbies and the supporting governments.  In the old form of slavery, it is was compulsory for the people to have house and food, The modern slavery or economic slavery forces everyone to survive and fight for life. It is the most ingenious fraud ever created by human mind to manipulate the society, and it is an invisible war against the people’s freedom and welfare. Debt is the shotgun used to slave the society and keep it under control and the interest is the bullet used to hit this target. And while the majority of the people live oblivious of all this, the banks with the collusion of governments and multinationals, keep on rendering better or perfecting this system of hidden war against the people through the creation of new financial basis like the World Bank and the IMF (International Monetary Fund) and also creating a new type of universal soldier: the “Economic Killer”. 

PART VII – THE ECONOMIC KILLERS

“There are two ways of conquer a nation. One is by the sword. The other by debt.” – John Adams, President of the United States of America (1735-1826)

john adams

“We, economic killers, have been and are the real responsible and guilty one for giving birth to the establishment of this first global empire by working in various ways”, John Perkins, former Chief Economist for Chas. T. Main Inc. and author of “Confessions of an Economic Hitman”. “Probably the most common and fast way was to identify a country with lots of resources, which our government wanted, like oil or precious or rare minerals, then we operated by making sure that this targeted country was the recipient of loans from the World Bank or other affiliated institutions, but the money would never reach that country but was directed to the private or government business enterprises charged with and responsible for the infrastructural reconstruction of the country chosen. But also for projects these companies were controlling for building energetic plants, industrial sites, harbors and ports, and projects benefiting just a very much narrowly selected circle of rich and powerful people of that country linked or under control of our multinational companies. But surely the people was not going to even feel the benefits such investments.

Banksters-cartoon

At the end of the day, the all country, rich and poor people together, was left with an enormous debt behind. And the debt was so immense that could not be repaid at all and this was the real goal: ensuring that the country could never repay it in anyway. Therefore, when the situations were always in the verge of collapsing, we used to warn them, Furthermore, we advised them to accept the loss of real great amount of money but they could be forgiven for that if they could sell their oil at low prices to our oil companies, let us build military bases on your national territory, or sent your troops in our support whenever and wherever we demand from you, or vote the same way we do at the next UN session, let us manage the privatization of all public projects or national companies especially those involved in the distribution of water, electricity, gas, technology and resources, or sell your enterprises and their production to US companies and enterprises, or to multinationals controlled or under the control of the USA.”

Therefore, such strategies spread like an oil drop everywhere because this is the manipulative strategy used by the World Bank and the IMF. Both institutions operate in order to keep many countries under control, convince them to accept money at high interest to help their economic recovery. However, the debt was planned to be of such immense proportions that it was impossible to even paying the interest rate.

After the first debt default then the occupied countries are offered a refinancing of the debt but with higher rate of interests. And the borrowers are forced to sign a new agreement with these special conditions called “good governance” or “conditionality”.

All this implies that these countries must sell, better undersell, all their resources, including social services, public services, their education system, their legal system, even their insurance structure, their health infrastructure and, finally, their institutional apparatus in order to facilitate the complete takeover of the lending country or organization.

Therefore, even when these countries cannot afford, as they will never be able, to pay back not even the interests of their debts, the lending countries of organizations will receive as return of the loan they have issued a much higher rate of profit sometimes even double, triple, or even quadruple the total amount they have loaned plus full interests paid.

PART VIII

– IRAN AND PRESIDENT MOSSADEGH

iran

The creation of the professional economic killers can be traced back to the early 1950s when Mr. Mossadegh was democratically elected in Iran. He was considered the hope for democracy in Middle East. He was also considered the TIME MAGAZINE ‘s Man of the Year.  But he had a strong idea which he did transform in reality was that the foreign oil company had to pay much higher prices for the oil the wanted to extract or buy from the oil drilling sites of Iran and the Iranian people had to take the most of benefits from the all oil trade. A very strange and unusual way of politics not really appreciated and digested by the international oil lobbies. However, the foreign multinationals, though they could count of the political and military support of their government, refused the idea to plan for a military occupation. Therefore the decision was to send a special CIA agent, Kermit Roosevelt, a relative of Teddy Roosevelt. He was given few millions of USD he made himself extremely efficient and effective; and in a short period of time, he managed to overthrow the government of Mossadegh and replaced him with the Sha of Iran who had been always in favor of the international oil politics from which the foreign multinationals enjoyed great profits.

mossadegh

When Mossadegh was overthrown, the Western media reported that in Iran the people celebrated his surrender as the triumph of the social revolution against the despotic Mossadegh. People flooded the streets of Teheran and brought into the street giant portraits of the Shah calling him the symbol of the Freedom of Iran. The Shah was welcomed back to Iran and considered a national hero. In this way and by this way, the political analysis emerged in Washington was that it was cheaper, easier, faster and smoother to use “Economic Killers” in order to eliminate leaders not willing to submit to the hegemonic influence of the multinational lobbies.

shah of iran

Therefore, the “Economic Killers” were considered the most effective tools for the total manipulation of countries because they made easier and smoother the building of empires. The only problem with Roosevelt was that he belonged to CIA and in case of his capture, the consequences could have been very serious and complicated. So the decision or alternative solution was to hire private consultants who were charged with the disbursement of funds through the World Bank or IMF or other branches. Private consultants were safer because if they were caught there could not be any political consequences at all.

PART IX

– GUATEMALA AND ARBENZ

Guatemala-map

In 1954, when Arbenz became the President of Guatemala, the entire country was under the political and economic influence of the United Fruit Company, a huge multinational. When Arbenz became President he declared: ” as you know we want to give the lands back to the people”. And Once in full power, he did back up his political promise with actions but promoting laws and edicts towards these policies. But the financers backing the United Fruit did not really appreciate such political conduct. Therefore, they engaged a powerful public relation company in the United States with the planning and execution of a massive campaign in USA with the purpose of convincing the public opinion, including the citizens and the press, the Government and the Congress, that Arbenz  was a puppet of the Communist Soviets. The main accusation was that if Arbenz was left in charge of Guatemala then the Soviets could have anytime a platform or landing basis in the American continent.

arbenz

Therefore, everyone started fearing the spreading of the red terror, the arrival of the communist enemy, and thus, resuming these whole story, this huge public campaign was carried out with the help of CIA and the military overthrew Arbenz. The US Government, supporting the United Fruit and with the funds of American multinationals, sent fighters jests, soldiers, infiltrators, and resources to force Arbenz in resigning as President. And at the end, the goal was achieved completely with almost acceptable investments. The new president had to reorder and reestablish economic and financial climate favorable to the foreign multinationals, including and especially the United Fruit.

PART X – ECUADOR AND ROLDOS

ecuador

Ecuador is another example of the effectiveness of use of “Economic Killers”. Since its foundation, the Republic of Ecuador has always been under the rule of pro-American brutal dictators.

But, in 1981, it was decided to hold the first democratic elections of the country. Jaime Roldos Aquileira  announced his candidacy proclaiming that one of his main goal, if elected, was to ensure that the resources of the Ecuador remained and be used only for the benefit and welfare of the people of Ecuador. Due to his popular views, he was elected winner of the presidential election with flooding majority. He was a completely unknown candidate and had won nothing before his presidency.

roldos

And he started to act accordingly to his political promises, He wanted to ensure that the revenues from the oil extraction and processes of refinery went to the people of Ecuador. Obviously, his plans were in opposition to the financial interests of the USA.

As matter of fact, professional and highly trained economic killers were sent to Ecuador to plant the seeds and rumors for the fall of Roldos. The initial approach were towards convincing him, bribing him, buying him, persuading him that the USA would have guaranteed to him and his family plenty of wealth and unimaginable benefits. But he was also warned that his political career would end if he did continue with his policies. Roldos was killed in a plane crash in the Andes near the Ecuadorean border with Peru.

The area of the crash site was delimited and declared restricted zone accessible only to the US military personnel of a nearby base and Ecuadorean special forces.  During the investigations, two witnesses died in mysterious road accidents  before they could release their testimonies in front of the court’s hearings. But the strange coincidences and events surrounding the death of Roldos kept going endlessly.

There are no doubts that it was a political homicide because Roldos could not and would not accept any attempts to conform to the dictating terms and conditions of the foreign multinationals, most of them from USA and heavily backed by the White House.

PART XI – PANAMA 1981

panama

Omar Torrijos, the President of Panama, was one of the most democratic and respected leaders of the democratic movements in the American continent in the late 1970s and early 1980s. He was considered a very charismatic leader and with a strong sense patriotism oriented towards the progress of his country and his people. Various attempted were made to control or manipulate his politics even through the enticing offers of ensured wealth and international privileges.

torrijos

He always replied to the many foreign multinationals trying to bribe him off that he did not need any money but the support and welfare of his country. He intended to pay back to the USA all the American dollars invested for the development of the infrastructures built in Panama by foreign enterprises. He planed to help other Latin American countries in becoming independent and reaching the freedom from this omnipresent US multinationals. He saw in the foreign companies the reason and cause of the poverty of the Latin American people who were cruelly abused and impoverished by foreign powers.

He wanted to nationalize the Panama Straits and let the people of Panama in charge of its control and management. He refused any compromise, any bribery, any attempt made by the foreign companies in achieving the submission of his country.  In May 1981, after the murder of Roldos, Omar realized the imminent risk and he hurried a family reunion fearing he would be the next. However, he was at peace with himself because he knew he achieved what he did promised to his country.

For his, the Channel was supposed to be returned to the people of Panama and that there was no other point to discuss anything further with Jimmy Carter, the President of the USA. In June 1981, barely two months after the death of Roldos, Omar will also perish in a plane crash. It is a well known fact among the international lobbies of financial and political power that Omar was killed by CIA agents supported by economic killers. Few hours before the fatal flight, a bodyguard passed to Omar a recorder which contained a bomb.

PART XII – VENEZUELA 2002

Venezuela-map

It is interesting to note that this system of using economic killers to sabotage or manipulate other countries’ political and social environment is still being used today but in a more refined and subtle and viscid implementation.

In 1998, Hugo Chavez is elected President succeeding a long series fo highly corrupted presidents and fully responsible for the destruction of the entire economy of Venezuela. And Chavez was elected by popular approval to erase this shameful series of past predecessors.

Chavez place firstly a request to the USA aimed at ensuring that the oil of Venezuela could be used to erase poverty in the country and improve the lives of the people. The USA did not like this possibility and G.W Bush refused to entertain such request. And in 2002, the CIA prepared, planned and executed the uprising of the people against Chavez. All the strategy was carried out in details and a timely manner using a well studied escalation of the coup-de-etat.

chavez

The way used for the elimination of Hugo Chavez has lots in common with the one carried out by Kermit Roosevelt in Iran. People were paid to protest on the streets, fight the police and the army,spread corruption rumors about Chavez, Just few thousands of protesters on the streets filmed by professional video or movie producers who were able to influence the world’s opinion about the situation in Venezuela. Just few thousands might look like an entire nation. However, in the case of Chavez, the US-sent economic killers and conspirators trained by the CIA did not understand or the did underestimate  Chavez.

Chavez was very popular, very intelligent, very charismatic and very much the symbol of the fight of the Latin-American countries against the US imperialism. As matter of fact, Chavez and his countrymen managed to defeat and eliminate the attempt of destabilization sponsored by US and CIA. It was a moment of great importance and meaning for all the Latin-American countries.

PART XIII

– IRAQ 2003

iraq

Iraq is a very clear example about how the entire strategic plan of economic killers does work. or is implemented.

  1. The economic killers are the first wave. Their jobs is to corrupt government members, find allies, buy over the national army, create effective networks to control entire countries and cities, offers bribes and rewards for “friendly” obedience and submission. This is done by convincing the government or the leaders to accept huge bank loan for the country’s development. If they accept the offered loan, they will get used to the debts and, when incapable of paying back the money because the interests keep going up, it will be too late to refuse other loans. In this way, these countries will keep asking loans over loans, creating debts over debts and continuously failing to even pay the interests. It is like reproducing on a national or global scale the loan-sharks’ technique with poor borrowers. And before the leaders of these borrowing countries realize it, they are completely bankrupted and ruined.
  2. If these first step fail to reach the planned goals, like in Panama with Omar Torrijos or in Ecuador with Jaime Roldos, political leaders opposing any form of corruption, then the next tactic was to send some infiltrators, called “jackals”, specialized in overthrowing the governments and licensed to kill. Once this was achieved, then a new puppet government was chosen and placed in power. This new government and its president were told what policies to adopt and follow and they had no choice but budge down and be guided totally by the foreign multinationals.

saddam

In the case of Iraq, both these two steps failed completely to take place. The economic killers did not succeed in reaching Saddam Hussein. He was asked to accept an agreement, which was subscribed by the Saudi Royal Family, but he refused also this proposal. Therefore, jackals were sent to eliminate Saddam Hussein. But the bodyguards and the security surrounding Saddam Hussein were very efficient and many jackals were uncovered and got killed. Furthermore, Saddam Hussein was a trained CIA agent and well versed in the system. Under the CIA’s employment, he was given the mission to assassinate a former Iraqi president called Qassim but, eventually, he failed. But he got to the system. So he was very well alert.

3. So in 1991, the United States sent the army and erased the military capability of Iraq. The hope was that, after the lesson learned, Saddam Hussein understood the meaning of his defeat and then he could finally accept the offer. In 1991, he could not be removed. He was a strong man, a leader and, in a certain sense, he was convenient because he was able to control his people. In the mind of the US military chiefs and CIA he was considered able to control and manage the curds, keep the Iranians away, and keep producing oil for the US oil companies. And, thinking in this way, he was expected to agree to the proposal offered to him by the US government.

This is why the economic killers were sent again in the late 1990s hoping that he could have changed opinion and show some flexibility. However, he showed no interest. He could have accepted, and still be in power, and he would receive all the military and financial support needed to ensure his leadership in Iraq. There was no need of another Iraq’s war or to plunge the country in decades of instability and uncertainty. But the economic killers were not successful and found pointless to talk sense to Saddam Hussein as he was full or vengeful feelings toward the coalition’s countries who defeated him. He was planning to have his revenge one day.

Therefore, after the failure of the economic killers, there was no other choice but to send the army one more time and, this time, the US public opinion was backing the war because of the hatred cause by the 9/11 and the attack to the twin towers and Pentagon. This time we made plans to rebuild the entire country by taking over completely the control of every resources available in Iraq, like oils and minerals, and also the reconstruction after a devastating war.

PART XIV

– MANIPULATION OF THE DESTINIES OF NATIONS

In fact, rebuilding nations after they come out completely destroyed after a was is the most profitable of all the war’s businesses. Even more profitable than selling guns. Business magnates and entrepreneurs are up to almost unlimited profits from war projects.

So we can safely say that, in Iraq, the all three phases of strategic influence have been employed quite effectively if it is considered that Saddam Hussein was defeated, captures, judged and executed by his own people. The economic killers, the jackals and the military invasion of a nation. This the way the USA created an empire but not rushing and, to be precise, the US empire is not very transparent> It is more a clandestine or illegal empire.

In the history, all the past empires were based on military intervention or invasion for example the English Empire, the French empire, the Roman empire and the Greek empire just to mention but a few. There was always some justifying reason like spreading religion, or civilization or political hegemony or defending the borders. What they had in common was that the leaders of that time, the emperors, were absolutely aware of what they were doing and the consequences and the risks involved. And specifically, the all nation was involved and fully knowledgeable of what was going on and why there were wars for the conquest of new territories. Greeks and Romans were all up together when expanding their hegemony.

obama_iran_latuff2

But, today’s the common people are completely unaware of why their nation is at war, or invading another country or starting a new conflict and that is the worst thing that may happen to citizens of any nation professing herself as the guard of democratic freedom. In USA, for example, the American people have no idea what kind of advantages or disadvantages are there for them in having their country involved directly or indirectly is so many conflicts at one time.

Today’s there is more slavery than before, if for freedom we intend also freedom of opinion, thought and speech. None of this is present nor in Western supposedly democratic countries not in developing countries with strong political leadership supported by a mixed capitalist society. But USA have built an empire through various subversive and strategic maneuvers on the edge of legality and ethics. So if there is an American empire, is the President of USA an emperor?

economic war

An emperor is not elected, has got his title by royal bloodline or conquest or through hegemonic expansion beyond the national borders and, most of all, his power ends with his death and has got no political terms and he is above the law. The US presidents theoretically have only two 4-year terms, have political and legal responsibility, limits to his institutional powers as per the Constitution and can be impeached or removed if considered unfit to fulfill their duties.

PART XV

– THE CORPORATOCRACY

corporatocracy

However, in USA the role of the emperor or imperial authority is not held by a single person. It is held by a system able to decide, control, dominate, change, protect its onw global interests. This system is called “Corporatocracy”. What is the Corporatocracy? Corporatocracy is a wide and highly restrictive circle of individuals with no moral or ethical limits and completely dissociated by any regrets. These individuals are those running US multinationals assuming the roles of emperors on the global checkboard. These Corporatocracers command the mass media, through direct ownership or through direct publicity, influencing and manipulating at wish the opinions of the masses, distorting the truth, changing the facts of history, falsifying information, and erasing people and nations if the latter two are obstacles to their global hegemony.

These Corporatocracers control the political leaders, even the US President (in theory the most powerful man of the democratic countries), because they finance their political campaign and command huge electoral votes through their corporate and lobbyist influence.  They finance political campaign through personal funds, societary contributions, masqueraded philanthropic organizations, charity funds and offshore investments. These Corporatocracers are not elected, can stay in power as long as they please, do not respond to anyone for their actions, and being on top pf the pyramid of the corporatocracy you cannot sustain or proof if they are operating their power for personal or corporate interests, because things, at that level, are very smoky, hidden, secret, mysterious and definitely unknown.

The Corporatocracy decides if someone has to be a president or prime minister of a nation, though this is achieved through false elections which are just but a farce for the masses. Even at the top of the corporatocratic pyramid there is someone who is elected as the head of one of the biggest multinationals like Haliburton, Exxon, PetrolChem, GE, At&T, GM, IBM, or even international organization like World Bank, United Nations, Nato, European Union, International Monetary Fund, and other very influential international entities.

For example one of the past president of Haliburton became Vice-President of the United States of America, or members of corporate dynasties like the Kennedy, the Bush and the Clintons and now the Trumps are suddenly at the helm of command of the most powerful democratic super-power of the world. In USA you do not have pure democracy has it has been always purposely sold as historical truth to the masses of the developed and developing countries. An American citizen has the right to vote just either one of the democratic or republican candidate and that might mean choice at all if both presidential hopefuls do not impersonate the best possible choice but the lesser evil one.

The people of the democratic hemisphere assume to be in control through the vote of the political decision of their nations but, actually, they are never made knowledgeable of what is really happening behind the curtains of the stage of power. The real power, influence and dominance is the hands of the Corporatocracers whose identity is sometimes even so secrets the US presidents has no way to know the real faces.

The Corporatocracy is so powerful that plasm and mold at its own convenience every policy or directive passed by the political democratic institutions or signed by the US president. If any US president takes any initiative which has not been approved or is not in line with the interests of the heads of the pyramid of power then he will be forced out of office or sabotaged in his administration and for all the duration of his presidential term. He will be annihilated and pressured at every possible personal and political level in such way that he will find himself absolutely powerless and paralyzed in exercising his presidential powers.

The fate of Truman, of Jimmy Carter and, in the present days, of President Donald are just some of the example of the modern history; but we can also mention Lincoln or Adams or Jackson as above reported.

The Corporatocracy and its mysterious leaders have a very close relationship with every democratic government on earth. why it is that so? Because for political leaders to be elected to the seats of power, being that presidency, premiership or membership of parliament (national, regional, provincial or communal) need vote, need to be able to influence and need to be able to reach out to society. And this cannot be done unless the Corporatocracers are willing to approve.

Why Corporatocracy does not have the same dramatic and terrific influence in countries where does not exist any democratic system? Because leaders in developing countries, are elected directly within their only national political parties through a very systematic process able to ensure stability of power and long term control of the political and administrative roles. How is possible to believe that the western view of seeing evil only in the East and Asian countries is the only historical and political truth of History? Why there is a huge and unstoppable western resentment against developing countries with very strong personal leaderships able to stand up strongly and proudly to the pressure of the global Corporatocracy.

Now the Corporatocracers are not conspirators because they do not conspire against any power or institution. They are the personification of power, they are the hidden but real ruling institutions and all the democratic leaders are just their humble and servile puppets. The Corporatocracy is the sole puppeteer staging the global show of virtual democratic show in order to rule the world while entertaining the masses.

PART XVI

– GLOBALIZATION

The Corporatocracy operates under one fundamental absolute principle; the maximization of profit in any aspects of power (financial, political, judicial, military and social, cultural), regardless of the social and environmental costs. This process of manipulation by the Corporatocracy through the use of the debt, the monetary system, the corruption of the political leaders and the molding of the destinies of nations, is called: GLOBALIZATION.

global bomb

As the FED keeps the US citizens in a position called of contractual slavery through the use of the debt, inflation and interests, the World Bank and the International Monetary Fund play the role of manipulators on a global scale. The main principle behind this global fraud is very elementary. The main goal is to reduce a nation to be heavily indebted or heavily corrupting or manipulating the leader or leaders that nation with the ultimate goal to impose structural reforms which can be defines as structural adjustment policies like:

  1. currency de-valuation
  2. cut to social programs
  3. privatization of the public services
  4. trade liberalization

When a currency looses value, the same takes place with everything of value in the country, and this makes cheaply available the internal resources to nations which we can define as predators, global conglomerates, able to purchase them at ridiculous prices compared to their original values.

global grater

A country heavily indebted will likely reduce the distribution of social services like social security, pensions to citizens with fixed income, healthcare, public transport, education and family assistance. In this way, the social welfare and the unity of the people are compromising and the social classes are extremely vulnerable to the abuse, mistreatment and manipulation of foreign infiltrators.

map-of-Bolivia

The privatization of the public services and companies means that very important and vital social services can be purchased and owned by foreign companies able to make huge profits out of companies and services once considered national treasures. For examples, in 1999, the World Bank forced the Bolivian government to the sale of the water distribution system of its third largest city. Hugo Banzer, the former President of Bolivia, signed a contract with Aguas del Tunari, a private consortium, to operate and improve the water supply in Bolivia’s third-largest city, Cochabamba.

banzer

But Aguas del Tunari was a local subsidiary company of the American multinational Bechtel. Immediately after the signing of the contract, the water rates were tripled and that meant a further sufferance of the already poor majority of the Bolivian people. Amid huge popular unrest and protest, the Bolivian president had no choice but to terminate the contract with Bechtel.

global box

Trade liberalization implies total opening of the internal market, with the elimination of the trade barriers, to foreign companies. This makes possible a whole set of commercial abuses of economic nature like allowing the foreign multinationals operating in the country the import of their cheap and low quality products for the local consumers. These global enterprises usually operate by dumping their products in the country undercutting the local competition and forcing the closure local competitors. Once the local competition is reduced or almost eliminated and the monopoly of the market is achieved, these foreign companies will raise their prices sky-high given the total lack of regulation and the submissive puppet government in place.

poor global baby

The Republic of Jamaica is a clear example of the negative effect of guided globalization. After accepting the economic advice and the financial aid from the World Bank, has lost its most precious agriculture products like sugars, banana, coffee, yams and rum all destined to the international markets and main sources of national GDP. Even their precious mineral resources, like bauxite, were taken under the control of US companies. In 2010, the IMF convinced Jamaica to accept the loan of 1.27 billion USD in exchange of more relaxed legislation in favor of foreign investments and trade privatization. The IMF acted when Jamaica was still badly affected by the global financial crisis of 2007-2009 with stagnating economy and severe trade imbalance. The global economic downturn had a significant impact on the Jamaican economy for the years 2007 to 2009, resulting in negative economic growth. The government implemented a new Debt Management Initiative, the Jamaica Debt Exchange (JDX) on 14 January 2010. The initiative would see holders of Government of Jamaica (GOJ) bonds returning the high interest earning instruments for bonds with lower yields and longer maturities.

Again it is noticeable how debt based economy is used to control the fate of a country and the way the IMF, supposedly rescuing Jamaica from deflation and, possible, stagnation, does take all steps to bring Jamaican commerce, trade and financial system under control.

global exploit

Another strategy is based on the creation of numerous, almost invisibly deregulated, factories of international companies (Polo, Ralph Lauren, Tom Hilfigger, Old Navy and other famous branded labels) abusing and mistreating local people and forcing then to accept miserable salary at indecent working terms and conditions of employment.

Another critical issue with multinationals getting advantage and profit from globalization is their total disregard for environmental protection and preservation of countries in which they operate and produce without any official environmental legal system and with high corruption. The foreign companies operating in full deregulation and freedom impoverish the hosting country of all the available resources but leave behind a great quantitative of devastating pollution.

pollution

The biggest legal action on environmental destruction in history is promulgated in defending the living rights of 30,000 people of Ecuador and the Amazonian region is brought forward against the Texaco, which is owned now by Chevron.

To present a prelude of the environmental disaster of Texaco, it would be helpful to cite the environmental devastation cause by the Exxon Valdez, an oil tanker, owned by Exxon Shipping Company. The oil ship collided with Prince Sound’s Bligh Reef in Alaska in March 24th 1989, in Alaska. According to the reports, the Exxon Valdez was carrying about 53 Millions US gallons of oil and about 10.4 million gallons were spilled in the natural reserve of Prince Sound’s Bligh Reef an habitat for salmon, sea otters, seabirds and seals. The Exxon Valdez is considered the second largest environmental disaster in US waters.

Now it is estimated that Texaco, and Chevron, spilled in the waters of the Amazon River an equivalent of pollution 18 times bigger than the spill of the Exxon Valdez. In 1993, Texaco was found responsible for dumping billions of gallons of toxic waste and they spent $40m cleaning up the area during the 1990s. In 1998, the Ecuadorean government signed an agreement with Texaco accepting the clean-up as complete and absolving Texaco of any further responsibility. That same year, an Ecuadorean scientific team took water and soil samples after Texaco left and found petroleum hydrocarbons at unsafe levels in almost half. The clean up was called “a sham” by critics.

In 2003, a class action lawsuit against Chevron was filed in Ecuadorian court for $28 billion by indigenous residents, who accused Texaco of making residents ill and damaging forests and rivers by discharging 18 billion US gallons destroying their live hood, crops, farming, husbandry and wild life and, irreparably, destroying an entire ecosystem. In 2011, the indigenous tribes were awarded 8.6 US billions revised later to 19.6 US billions but Chevron never paid a single cent of compensation as later appeals extended the case until recently when, in 2015, a whistleblowing videos documented the real environmental responsibility of Chevron.

However, the case is still open 25 years later while Chevron is still operating in the region and extracting oil. Chevron continues to take oil from the Amazon region at large. El Segundo (CA), Pascagoula (MS), and Richmond (CA) refineries all process Amazonian oil. In 2015 El Segundo was the single largest refiner in the U.S. of Amazon Crude, processing 54,463 barrels per day.

In the case of Ecuador, it must be specified that it was an accident like in the case of the Exxon Valdez. It was intentional. it was planed. it was standard operating procedure. It was done with full acknowledgement of the highest spheres of corporate management and it was an acceptable level of damage by the extracting company.

Further more, if this is not enough to really understand the real financial objectives of the World Bank, publicly stating that her mission is to help poor country and fight misery and starvation on a global scale. is actually impoverishing large areas of the earth and widening the gap, while the profits of the multinationals supported by the Corporatocracy have enormously multiplied on the skin of minorities and ethnic groups.

In 1960, the income gap between rich countries and poor countries was 30 to 1. In 1998 was 74 to 1. In 2016, it is 88 to 1 and it is expected to grow further in the near future. The Global GNP , in between 1970 and 1985, grew 40%. In the same period the GNP of the poor countries was around 17%.

Between 1985 and 2000, the people living on less than one dollar per day grew of 18%. An investigation of the American Joint Parliamentary Commission found in the early 2000s that only about less than half of the financial projects sponsored or supported by the World Bank have been somewhat, but not fully, successful.

In late 1960s, the World Bank forced Ecuador to obtain huge loans in order to revive the economy. However, in the next 30 years, the poverty rate of the Ecuadoreans increase between 50^ to 70%. Between 1968 and 1998, the unemployment and under-employment grew 15% to 70%. The public debt has increased from 240 million USD to 16 billion USD.  In the same period, the percentage of national income allocated for economic programs in favor or poverty eradication registered a negative trend from 20% to 6%.

From 2000, 50% of the national budget of Ecuador goes to the repayment of the loan received from the World Bank in the late 1960s. This repayment is still going today, 50 years after the intervention of the World Bank in the late 1960s. Today, Ecuador is still considered one of the poorest countries in the world and one of the slowest growing economies of the Central and South American hemisphere.

What is missed from all the above is the total confusion, mostly unknown to the people of the world, that the name World Bank is actually misleading. The World Bank is not a bank for the world economy or of the countries of the whole world. It is, actually, a bank of the USA serving, primarily and exclusively, the interests of the USA. The USA have the absolute veto power on the decisions made by the World Bank because they are the biggest exporter of capital in the global economy.

But from where comes all this capital exported by the USA? From nothing or from thin air or specifically it comes from the creation of debt and a banking system based on the fractionary reserve. Among the first 100 national economies, on the basis of their GNP, 51 are multinationals and 47 of them are based or registered in USA.

Apple, Exxon, General Motors, and Amazon are economically more powerful than countries like Saudi Arabia, Poland, Norway, Finland, South Africa, Indonesia and many others. And with the continuous eliminations of trading barriers, the movements of capital are extremely fast and easily means of speculation in fluctuating markets, and the economies of nations are subverted and manipulated in favor of free competition and global capitalism. And the clandestine empire of the USA keeps expanding further knowing no limits in the horizon.

There are no democracies, there are no nations, there are no governments. But Corporatocratic entities called multinationals or global corporations. These are the ones holding the power to pull the plugs of the vital cables providing oxygen and hope to the under-developed countries of the world. What are the topics of Russian leaders at the Kremlin? Karl Marx or Socialism or Cultural Revolution? They are talking about charts of linear programs of financial wars, sustained by decisional theories based on accurate world statistics, and minimize and maximize the consequences of their decisions, calculating potential profits and losses of their transactions and investments like any other leaders in the world. No one excluded. The hegemony of the world is not only in the size of the military supremacy. But it is fought over and over, with continuous changes and mutation of scenarios and stages, over money.

The global economy is not under nations but it is controlled by a solid and impenetrable system of corporations inexorably determined by immutable laws and principles dictated and modified at the convenience and necessity of the corporations. The whole world is a business, and a market place where everything has a price tag and can be sold or bought at any bargained price.

Taken cumulatively, the integration of the world as a whole, particularly in terms of economic globalization and the mythic qualities of “free market capitalism”, represent a veritable empire in its own terms….few have been able to escape the “structural adjustments” and “conditionalities” of the World bank or the IMF or the arbitrations of the World Trade Organization, those international institutions, that however inadequate and legalized “criminal organizations”, still determine what economic globalization means,,,,,,,,,

Such is the power of globalization that in our lifetime we are likely to see the integration, even if unevenly, of all national economies in the world into a single global and free market system.

The world has been conquered by a restricted circle of individuals representing transnational financial powers and dominating the resources of the planet and controlling the money needed for the acquisition of those resources. The final result will not be based on the life of mankind but on the financial supremacy and global monopolistic hegemony of multinationals.

And with widening gap of inequalities and imbalances, the number of people ready to extreme acts will keep growing. This implies that global institutions and leaders ought to find new and more efficient ways to solve the situation and to prevent further irreparable consequences, The Corporatocracy has favored the birth of terrorists that, while cannot be justified but utterly condemned for their vile actions, are the fruits matured at the tree of globalization. In other words, the global manipulators have created the image of the terrorist who is none other than someone who has chosen to fight the machine of the globalization. However, we should not confuse these figure of the terrorism with groups of terror and jihad like Al-Qaeda and the ISIS, which once upon the time were useful operatives for CIA manipulation of Islamic countries.

Pierre Henri Bunel, French Intelligence former member and was specialist, in his book “Al Qaeda; the database” wrote the following statement: “the truth is that there is no Islamic army or a terror group called Al Qaeda. And any informed intelligence officer know this very well. But there is a propaganda campaign to make the public to believe in the presence of an identified entity….the country behind this propaganda is the US”.

In 2007, the US Department of Defense received 161.8 USD billion for the so called war to global terrorism. According to the Nation Central Agency for the fight to terrorism, in 2004, 1907 persons were victims if acts of terrorism in the whole world. of these 68 were Americans. But let’s consider these estimate as general average, it is interesting to note that every year in the US alone dies a number almost double to persons due to allergies to nuts. On average, in the US alone, 450,000 people die due to heart-related diseases. and in 2007, the financial allocation of the US government towards medical research for the prevention and cure of heart-related diseases has been only of 3 USD millions. this means that the US government has spent 54 times more on preventing terrorism than heart diseases which kill 6660 times more people than terrorism.

However, given the words terrorism and Al-Qaeda, receive more attention in the mass media as enemies of and to the global interests of US, the myth of them grows exponentially to the citation on the newspapers. in 2008, the US Chief Attorney of the Bush presidency, Michael Mukasey proposed to the Congress of the United States a declaration of permanent state of war to Al Qaeda and any terrorist group to make clear that the US retain the right to detain anyone even remotely suspected to have link directly or indirectly with terrorist organization and that this state of war must last until the entire menace has not been eliminated. Mr. Mukasey, however, forgot to mention that in the same year there were 1 million American citizen under the surveillance of the NSA and CIA. These so called anti-terrorism measures are not in any way to be intended as measures for the national social protection, but steps to protect the establishment, the institutions, against the growing anti-American resentment both at home and abroad. In view of the hegemony of the Corporatocracy, there might be the temptation of justifying terrorism as the only possible answer to the American-sponsored globalization and its effects.

But the real terrorists in our world are not hidden in the street alleys at midnight or shout “Allahu Akbar” (Allah is great) before carrying out their acts. The real terrorist of this world wear suites of 5000 USD each and work in the highest spheres of influence of the political and financial levels of power.

Therefore, what it can be done by us? How it is possible to stop a system with so much corruption and power? How to stop this abhorrent and aberrant group of entities with no compassion of millions of people, mostly civilians, massacred in all the military conflicts sponsored, promoted, caused and determined by those sitting on the chairs of power of the  lobbies behind globalization? how to stop the evil of the plans for the control and theft of the natural and energetic resources for the protection and safeguard of the corporate profits of Wall Street?

Before 1980, Afghanistan produced 0% of the world’s opium production. After the US/CIA backed victory of Mujahidin over the soviet army, by 1986, they were producing 405 of the world’s production of opium and heroin supply. and by 1999, they were producing 90% of the heroin supply. But then something unexpected happened. The Taleban rose to power, and by 2000 they had destroyed 90% of the opium fields, The production dropped from 3000+ tons per year to 185 tons or with a 94% reduction. On September 9, 2001, the invasion plans of Afghanistan were on President Bush’s desk and two fays later they had the excuse to execute the plans.

Today, the US controlled Afghani production of heroin, provides 90% of the world supply and every year does break the world’s record. Therefore, how to stop a system based on corruption and greed reducing the population of poor countries into slavery and deprivation for the ultimate benefits of corporate figures drinking whiskey in Madison Street and Wall Street? or that create self-inflicting acts of terrorism to influence the public opinion and justify their military options taken with the full exercise of military power? or produces social automated mechanisms fundamental in the abuses of the people and their lives? or able to reduce to nothing the freedom of other nations and change the fate of entire generations through decision taken in the comfortable executive offices of the multinationals?

These and other legitimate questions are destined to receiving no answers. Never. The only hope is that people with clear minds and ability to read the reality of history keeps the courage to expose the facts in their cruel nature of dramatic evidence. In all this and in front of all this, silence is and will never be an option. Until there will be free thinkers and independent witnesses of the untold tragedies of human kind there will be the light, though feeble, of the candle of hope.

R. M. A. L. D. H

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 PART I –

MONETARY SYSTEM AND CREATION OF MONEY

Among all the social, political, economic and legal institutions and systems in which we live, willingly or unwillingly, that, directly or indirectly effect our life, seems that does not exist any other more complex, difficult, less comprehended and more mysterious than the Monetary System. After reaching almost religious dimensions, the official monetary institutions exist as a sort of dogma as the most powerful amongst all of them. The way money is created from thin air, the monetary policies adopted and what are the real effects on the society, are topics generally unknown or kept away from the public opinion or awareness.

In a world where 1% of the population holds 40% of the world’s riches, in a world where 34,000 children die every day (or 1,420 per hour or 24 per minutes) due to poverty and epidemic disasters that could be prevented or even erased and where 50% of the world population lives under the poverty line of 2 USD per day, one thing is, and must be absolutely clear: there is something deeply and dangerously wrong going on.

Admittedly or not, the blood that provides life to all our institutions and society, is MONEY. Therefore, comprehending the institutions or mechanism of the monetary systems is fundamental in order to comprehend the reason why our lifestyle is influenced by the flows of money and the policies and strategies adopted by the monetary institutions to rule and run through the global society.

Unfortunately, Economics, as science or field of studies or social investigation, is considered chaotic and boring. And the spreading of economic and financial language and terminology, alongside graphs and charts and mathematics or statistical analysis providing fear into the minds and hearts of the public opinion are all great deterrents and keep most of the people away from the study of the monetary system.

However, the reality is that: the mysterious and mystic image linked with the financial system is just a well created mask planned with the objective of hiding away and conceal one of the most paralyzing and deadly social mechanisms even introduced and created by humankind.

Johann Wolfgang Von Goethe once said “None are more hopelessly enslaved than those who falsely believe they are free”.

Many years ago, the Central Bank of the United States of America (the Federal Reserve) has written a financial document titled “Modern Money Mechanisms”. This report shows in details the institutional procedures to be followed for the creation of money used by, or to be used by, the Federal Reserve and all the banks associated or affiliated, because they are dependent from, in the initial pages it is perfectly introduced the object of the publication. Textually it is written, “The purpose of this booklet is to describe the basic process of money creation is a “fractional reserve” banking system. The approach taken illustrates the changes in the bank balance sheet that occurs when deposits in bank change as a result of monetary action of the Federal Reserve System – The Central Bank of the United States.” Then the report proceeds to the description of the process of “fractional reserve” making use of various and specific banking terminology whose meaning can be summarized as follows.

The government of the United States of America decides or needs money, and the next step is to ask the Federal Reserve, just for example, 10 billion USD. The FED answers: “It is not a problem we buy 10 billion USD of bonds from you”. Therefore, the government takes few pieces of papers on which it prints its official stamps and calls them “Treasure Bonds”. Then it decides a value of these bonds for a total of 10 billion USD and send then to the FED. On their part, the FED prints piles of papers called “banknotes of the Federal Reserve Bank” for a total value of 10 billion USD. The FED uses these banknotes and exchanges then for the Treasury Bonds. After this exchange has been completed, the Government takes the 10 billion USD in banknotes from the FED and deposits then in a bank account. After this deposit, the banknotes from the FED become officially money with current legal value adding 10 billion USD in money to the account balance and assets of the government of the USA. In this way 10 billion USD have been easily created. Naturally, this example is just a simplification because, in crude reality this financial transaction takes place electronically without any form of paper. As matter of fact, only 3% of the monetary basis of the USA is physically and materially existent while the remaining 97% exists only in the virtual electronic archives of the digital systems.

PART II

– MONEY IS DEBT AND DEBT IS MONEY

Now, by their nature, the Treasury Bonds are instruments of debt, and when the FED buy them with money created from nothing, the government is, actually, promising of returning the money to the FED. In other words, the money has been through the system by financial debt.

MONEY =DEBT

This paradox surprises about how the money (or value) could be created through debt (or passivity) will become clearer by understanding the following example.

Now, the exchange has already taken place and 10 billion USD are deposited in the account of a commercial bank.

COMMERCIAL BANK = 10 BILLION USD DEPOSIT

ACCOUNT OWNER = US GOVERMENT

ACCOUNT BALANCE = 10 BILLION USD

And from this moment, things become to be more interesting and exciting, because based on the “fractionary reserve”, the deposit of 10 billion USD becomes part of the financial reserve of the commercial bank where the Government keeps an account. The same story is valid for all kinds of deposits.

And, for what does concern this reserve, as already anticipated in “modern monetary mechanisms”, a bank must keep the level of required reserves. Textually, the report states that “Finally, the bank must maintain legal required reserves equals to the prescribed reserves by the law and directives from the FED and Government’s monetary policies and equal to the percentage not higher or lower than the one fixed for its deposits.”

After it is quantified through the claim that “by following the actual rules and norms, the necessary and demanded reserve deposits for the current account is 10%. This means that with 10 billion USD deposited, 10% or a billion USD is kept as obligatory reserve or legal reserve to be kept by the bank”.

BANK DEPOSIT FROM USA GOVERNMENT = 10 BILLIONS

LESS

BANK FRACTIONARY RESERVE = 1 BILLION

AVAILABLE FUNDS FOR BANK TRANSACTION = 9 BILLIONS

While the remaining 9 billion USD is taken as money in excess, and can be used as base to issue loans. Now it is logic to consider that these 9 billion USD are generated from the existent deposit of 10 billion USD.

GOVERNMENT DEPOSIT = 10 BILLION

LOAN = 0 BILLION

But in reality it is not what is actually happening. What does actually takes place is, in reality, that the 9 billion USD are simply created from nothing on the basis of the deposit of 10 billion USD.

9 BILLION USD

10 BILLION USD

19 BILLION USD

This is the way the monetary basis expands and multiplies. As already said in Modern Money Mechanisms, “Obviously them – the banks – do not really issue loans by utilizing the money received as deposit from the US Government. If they did this, no additional money would be created. What they do when they make loans is to accept promissory notes in exchange for credits to the borrowers’ transactions accounts.”

In other words, the 9 billion USD can be created out of nothing simply because there is a demand for loans, and, even more simply, there is a deposit that guarantees that type of loans and satisfy the compulsory and legal requirement of fractionary reserve.

Now, let’s supposed someone, called Mr. John walks in the bank where the deposit of 10 billion USD is kept, and asks these new 9 billion USD as a loan The next thing, he will do is to deposit in his own current or saving account in his bank, which we will call, for the convenience of our discourse, Bank B. So this process will repeat itself. Bank B will keep 10% of this new financial asset as reserve and release as excess the remaining 90%.

MR JOHN BANK DEPOSIT = 9 billion USD

BANK B NEW RESERVE = 0.9 billion USD

BANK EXCESS MONEY AVAILABLE FOR NEW TRANSACTIONS = 8.1 billion USD

So now Mr. Robert enters Bank B and receive of 8.1 billion USD which he will deposit in his own account in Bank C. Again the process will generate a new financial reserve for Bank C of 0.81 billion USD and new money of 0.72 billion USD that can again be loaned out creating new money again.

The next process will see a loan of 7.29 billion USD generating 6.561 billion USD for new loans then 5.9 billion USD as new money fund to create more money. This cycle of money creation and bank deposits can keep going on to the infinite as follow

DEPOSIT MONEY / CREATION OF LOAN CYCLE

RESERVE BASED LOANS                       EXPANSIO OF MONEY SUPPLY

$ 10,000,000,000                                               $10,000,000,000

$ 9,000,000,000                                                 $ 19,000,000,000

$ 8,000,000,000                                                  $ 27,000,000,000

$ 7,290,000,000                                                  $ 34,390,000,000

$ 6.561,000,000                                                  $ 40,951,000,000

$ 5,904,000,000                                                  $ 46,856,000,000

$ 5,314,410,000                                                   $ 52,170,000,000

$ 4,782,969,000                                                   $ 56,953,000,000

From a mathematical calculation, it seems that by keeping up the application of this method, it is possible to create a staggering 90 billion USD from an initial 10 billion USD generated from the very beginning through the request of the US Government for money to the FED in exchange of Treasury Bonds or, we could just call it the proper name, out of this air.

In other words, for every deposit created in the banking system, a sum of money 9 times bigger can be created from nothing. Need urgent money for business or house loan or personal loan then ask your bank and you will get instantly money under the form of a convenient personal loan.

PART III

– INFLATION IS NEEDED AS PART OF THE SYSTEM

Now that we know how money is created through the system of fractionary reserve, a logic demand is honestly due: what does it give real value to this money? The answer is the money that already exists.

NEW MONEY = MONEY SUPPLY

The new money, essentially, steals value or depreciates from the monetary base already existent. To every increase of total money in circulation corresponds another or same increase of aggregate demands for goods and services.  And for the Principle or Law of Demand the market generates equilibrium. Prices increase, reducing the purchasing power of the total quantity of money in circulation. This event is called inflation. And Inflation is, in other words, a collective hidden tax.

Normally, the message used to describe when the money is losing value, the economists or politicians use to say that the money suffer from Inflation. Actually, in truth, the definition or explanation should be that with inflation the money becomes weaker in value proportionally to the increase of inflation.

With a weaker value, it is necessary to spend more money to buy the same goods or services usually consumed during the inflationary period. The leaders do not dare to say that people are cheated but that the banks lowers the interest fees. The real cheating case is to completely upset the value of the money. When the banking and financial system create money, the do so from nothing, or thin air.

However, we still have the so-called “Capital”. Therefore, the answer to the above question can be summarized in this way. How can we solve the economic dilemma presented to us by inflation? By increasing the offer of money causing higher inflation? Because the prices will act as sponges in absorbing the extra stock of money or surplus of money in the market. Obviously it cannot be done.

The monetary expansion based on the principle of fractionary reserve is highly and intrinsically inflationary. Through the expansion of the monetary basis, without a proportional increase of goods and services, it I always possible to decrease the purchasing power of money. As matter of fact, by observing the performance of the historical value of the US dollar, compared with the value of the offer of money, this is highlighted clearly.

The correlation is inverse by logic deduction. A US dollar of 1913 corresponds to 21.6 dollars in 2007 (almost a century later). It is a devaluation of 96% over 94 years which has begun very strangely or coincidentally with the introduction of the central bank (Federal Reserve).

Now, if we consider this reality of intrinsic and permanent inflation might be absurd or anti-economic, then our thought or understanding might be seriously challenged by the way the monetary system does really function in all its cruel nature. In the monetary system money is debt and debt is money.

The offer of money or the printing of new money from 1950 (post war era) to 2006 (just in proximity of the disastrous 2008 global financial crisis) and the US national debt during the same period have always performed upwardly and exponentially.

Why? The more money is in circulation the higher the public debt and the inflation. The higher the debt the higher the money or more debt is present in the economy then more money is needed to cover the debt.

In other words, every single dollar or euro in our own wallet is a debt with someone else. It must be remembered that the only way to create money is through a loan which is a debt for the receiver and a credit for the giver. Therefore, if everyone (private citizens, business companies, and even the government) is able to pay back and close all debts, there would be no money in circulation. “In other words, if there were no debts in our system, there wouldn’t be any money”, as Marriner Eccles, Governor of the Federal Reserve, sustained in 1941 during the House Committee Hearing on Banking and Currency.

PART IV

– THE CREATION AND INFLUENCE OF THE FEDERAL RESERVE BANK

In effect and quite realistically, the last time in the history of USA there was no more national public debt it was during the presidency of Andrew Jackson in 1835. President Andrew Jackson ordered the closure of the central bank of that time, the ancestor of the today’s Federal Reserve. The entire political program and philosophy of A. Jackson was aimed to the final objective to close the central bank and, as matter of fact, he used to state that ” the bold efforts the present bank has made to control the Government ……are but premonitions of the fate awaiting the American people should they be deluded into a perpetuation of this institution or the establishment of another like it”.

Unfortunately his message did not last long… the financial lobbies and the economic powers ruling the monetary system managed to build a new central bank in 1913 and until the time there will exist debt then it will be permanent. The fundamental scope of this new central bank funded in 1913 textually stated that the reason was “to provide for the establishment of Federal Reserve banks, to furnish an elastic currency, to afford means to rediscounting commercial paper, to establish a more effective supervision of banking in the United States, and for other purposes.”

Insofar, I have written that money is created out of debt, through loans. These loans are based on the bank reserves as the new deposits created by loans at each stage are added to those created at all earlier stages and those supplied by earlier stages and those supplied by the initial reserve creating action. And through this system of the fractionary reserve, every deposit can create for 9 times of original value causing a fall of the purchasing power of the current existent money, and causing an increase of the prices. And given all this money is created from debt, and flow randomly in the market the people or debtors are completely disconnected from their initial debts creating in this way a condition of disequilibrium in which everyone is forced to compete for working with the purpose to obtain enough money from the monetary base to cover their living costs.

On the contrary, to what it may seems, there is still a missing element in this equation to understand the reason why our lifestyle is what it is.  And it is this fundamental element that reveals plainly the real fraudulent nature of the system, the Interest. When the Government takes up a loan from the Federal Reserve or when a person or a business company applies for a loan with a commercial bank, the loan must be returned with interest. In clearer terms, almost all money in circulation must be returned to the bank with interest. But, if all the monetary base is loaned by the Federal Reserve, expanding itself to the commercial banks through loans, then all what is defined as the Principal Money will constitute the money offered. Then, where is the money needed to cover all the interests on the capital? Nowhere. It does not exist.

All the implications of what until now exposed are shocking. The amount of money that must be returned to the banks will always be more than the money in circulation.

PRINCIPAL + INTEREST > PRINCIPAL OR MONEY AVAILABLE

This is the reason why inflation is a constant in economy because there is always need of new money to allow the repayment of the deficit created by the system and within the system caused by the need of paying the interests. This means that mathematically the foreclosures and bankruptcies are part of the system and there will be always poor people who will remain with not even enough money for their most basic needs.

An analogy quite practical to explain this theory is the game of the musical chairs: once the music stops someone will be left out and in trouble of bankruptcy. And this is the shocking point. The debt transfers the real riches of the person or business or government to the banks, because when one of these three economic agents is unable to repay the loan and he is called a defaulter, the banks take all of the assets or personal possession. This is more shocking if we think that all these foreclosures are inevitable because of the fractionary reserve. But also because money loaned by the bank has not even been created in legal ways.

PART V

– THE CASE OF JEROME DALY

In 1969, a man from Minnesota called Jerome Daly opposing the refusal for the cancellation of the loan from the bank on his house, loan that the bank did concede to him to buy the house in the first place. His case was founded on the principal that both parties on the loan agreement agreed that, from both parties, the exchange legitimated assets for the exchange. In legal terms, this is called the causal of the agreement. In simpler terms, a causal of the contract is the fundamental element based on the exchange of a performance from one side with the same correspondent form of performance from the other side”. Mr. Daly explained that the money was not owned by the Bank because it was created out of nothing or thin air the moment the loan agreement was signed.

Do you remember what was established by the Report on Modern Money Mechanism on loans? What the banks do when they make loans is to accept promissory notes in exchange for credits to the borrower’s transaction accounts. Banks do not really pay out loans from the money they receive as deposits. If they did this no additional money would be created. Reserves are unchanged by the loan transactions. But the deposit credits constitute new additions to the total deposits of the banking systems.

In the layman’s language, the bank is not using its money reserve or its deposits to issue the money for the loan, the bank is creating the loan from money not existent apart a verbal solvability, on the paper. During the court proceeding, the owner of the Bank, Mr. Morgan wanted to be called to testify. He, admittedly, confessed that, in line with the FED, he created the money out of nowhere just by a bookkeeping entry.

The money and the credit came in existence when they created it, even when, as Mr. Morgan himself admitted, no statute or law of the United State allowed him to do so. Even when he was full aware that there was no lawful considerations to support the Notes or the bookkeeping entry. The Jury sentenced that there was no legitimate causal of the agreement and that only God could be able to create something from nothing.  And on the basis of this, the Jury recognized that the Bank had no right to refuse the cancellation of the loan on the house and Mr. Daly kept the house.

The legal implications of this case are huge and wide ranging, because every time money is borrowed by someone from the bank or loaned by the bank to someone, in whatever ways it is done, not only the money given does not exist, but it is an illegitimate form of exchange. A fraud would be the appropriate word. As such it makes void and null the obligation of returning the loan because the bank did not had in the first place the physical money to be loaned.

PART VI

– PRESIDENT ABRAHAM LINCOLN

Unfortunately, all these legal consequences are ignored or kept away from the masses and the cycle of transfer of riches continues infinitely. And this brings us to the final question. WHY?

During the American Civil War, President Lincoln refused a loan at high interests offered by some European banks, and decide to operate in a way the founders refused or thought risky business to follow: to create a new money completely independent and free from any debt and called it “Greenback”. After the adoption of the Greenback, an internal document started to be shared amongst private English and American banks, stating: “slavery is the owing of labor and carries with it the care of the laborers, while the European plan is … that capital shall control labor by controlling wages. This can be easily done through the control of money and currency but the introduction of the Greenback will obstacle our plans for control” (The Hazard Circular 1962)

The application of the principle of the fractionary reserve implemented and supported by the FED, and promoted to the majority of the commercial banks in the world, is in reality a modern system of slavery. Money is created through debt and what people do when they are in debt? They look for job in order to pay their debts. But if money can only be created through debts how the society can be free from debts? It is not possible and this is the point.

It is the fear to lose what we still have that sustains the fight to keep going and up against the odds given to us by debt and inflation created and part of the system. All this combined together, with the scarcity of the same offer of money created by interests which cannot ever be paid back leaves slaves linked to salary, like they run on a treadmill alongside millions of people, empowering and strengthening an empire benefiting only an elite situated on the top of the pyramid. Therefore, at the end of the day, for whom people do work daily, monthly, yearly or all their lives? For the banks>

Money is created by the banks and there must be returned. They are the real bosses, together with the multinational lobbies and the supporting governments.  In the old form of slavery, it is was compulsory for the people to have house and food, the modern slavery or economic slavery forces everyone to survive and fight for life. It is the most ingenious fraud ever created by human mind to manipulate the society, and it is an invisible war against the people’s freedom and welfare. Debt is the shotgun used to slave the society and keep it under control and the interest is the bullet used to hit this target. And while the majority of the people live oblivious of all this, the banks with the collusion of governments and multinationals, keep on rendering better or perfecting this system of hidden war against the people through the creation of new financial basis like the World Bank and the IMF (International Monetary Fund) and also creating a new type of universal soldier: the “Economic Killer”. 

PART VII – THE ECONOMIC KILLERS

“There are two ways of conquer a nation. One is by the sword. The other by debt.” – John Adams, President of the United States of America (1735-1826)

“We, economic killers, have been and are the real responsible and guilty one for giving birth to the establishment of this first global empire by working in various ways”, John Perkins, former Chief Economist for Chas. T. Main Inc. and author of “Confessions of an Economic Hitman”. “Probably the most common and fast way was to identify a country with lots of resources, which our government wanted, like oil or precious or rare minerals, then we operated by making sure that this targeted country was the recipient of loans from the World Bank or other affiliated institutions, but the money would never reach that country but was directed to the private or government business enterprises charged with and responsible for the infrastructural reconstruction of the country chosen. But also for projects these companies were controlling for building energetic plants, industrial sites, harbors and ports, and projects benefiting just a very much narrowly selected circle of rich and powerful people of that country linked or under control of our multinational companies. But surely the people was not going to even feel the benefits such investments. At the end of the day, the all country, rich and poor people together, was left with an enormous debt behind. And the debt was so immense that could not be repaid at all and this was the real goal: ensuring that the country could never repay it in anyway. Therefore, when the situations were always in the verge of collapsing, we used to warn them, Furthermore, we advised them to accept the loss of real great amount of money but they could be forgiven for that if they could sell their oil at low prices to our oil companies, let us build military bases on your national territory, or sent your troops in our support whenever and wherever we demand from you, or vote the same way we do at the next UN session, let us manage the privatization of all public projects or national companies especially those involved in the distribution of water, electricity, gas, technology and resources, or sell your enterprises and their production to US companies and enterprises, or to multinationals controlled or under the control of the USA.”

Therefore, such strategies spread like an oil drop everywhere because this is the manipulative strategy used by the World Bank and the IMF. Both institutions operate in order to keep many countries under control, convince them to accept money at high interest to help their economic recovery. However, the debt was planned to be of such immense proportions that it was impossible to even paying the interest rate.

After the first debt default then the occupied countries are offered a refinancing of the debt but with higher rate of interests. And the borrowers are forced to sign a new agreement with these special conditions called “good governance” or “conditionality”.

All this implies that these countries must sell, better undersell, all their resources, including social services, public services, their education system, their legal system, even their insurance structure, their health infrastructure and, finally, their institutional apparatus in order to facilitate the complete takeover of the lending country or organization.

Therefore, even when these countries cannot afford, as they will never be able, to pay back not even the interests of their debts, the lending countries of organizations will receive as return of the loan they have issued a much higher rate of profit sometimes even double, triple, or even quadruple the total amount they have loaned plus full interests paid.

PART VIII

– IRAN AND PRESIDENT MOSSADEGH

The creation of the professional economic killers can be traced back to the early 1950s when Mr. Mossadegh was democratically elected in Iran. He was considered the hope for democracy in Middle East. He was also considered the TIME MAGAZINE’s Man of the Year.  But he had a strong idea which he did transform in reality was that the foreign oil company had to pay much higher prices for the oil the wanted to extract or buy from the oil drilling sites of Iran and the Iranian people had to take the most of benefits from the all oil trade. A very strange and unusual way of politics not really appreciated and digested by the international oil lobbies. However, the foreign multinationals, though they could count of the political and military support of their government, refused the idea to plan for a military occupation. Therefore the decision was to send a special CIA agent, Kermit Roosevelt, a relative of Teddy Roosevelt. He was given few millions of USD he made himself extremely efficient and effective; and in a short period of time, he managed to overthrow the government of Mossadegh and replaced him with the Sha of Iran who had been always in favor of the international oil politics from which the foreign multinationals enjoyed great profits.

When Mossadegh was overthrown, the Western media reported that in Iran the people celebrated his surrender as the triumph of the social revolution against the despotic Mossadegh. People flooded the streets of Teheran and brought into the street giant portraits of the Shah calling him the symbol of the Freedom of Iran. The Shah was welcomed back to Iran and considered a national hero. In this way and by this way, the political analysis emerged in Washington was that it was cheaper, easier, faster and smoother to use “Economic Killers” in order to eliminate leaders not willing to submit to the hegemonic influence of the multinational lobbies.

Therefore, the “Economic Killers” were considered the most effective tools for the total manipulation of countries because they made easier and smoother the building of empires. The only problem with Roosevelt was that he belonged to CIA and in case of his capture, the consequences could have been very serious and complicated. So the decision or alternative solution was to hire private consultants who were charged with the disbursement of funds through the World Bank or IMF or other branches. Private consultants were safer because if they were caught there could not be any political consequences at all.

PART IX

– GUATEMALA AND ARBENZ

In 1954, when Arbenz became the President of Guatemala, the entire country was under the political and economic influence of the United Fruit Company, a huge multinational. When Arbenz became President he declared: “as you know we want to give the lands back to the people”. And once in full power, he did back up his political promise with actions but promoting laws and edicts towards these policies. But the financers backing the United Fruit did not really appreciate such political conduct. Therefore, they engaged a powerful public relation company in the United States with the planning and execution of a massive campaign in USA with the purpose of convincing the public opinion, including the citizens and the press, the Government and the Congress, that Arbenz was a puppet of the Communist Soviets. The main accusation was that if Arbenz was left in charge of Guatemala then the Soviets could have anytime a platform or landing basis in the American continent.

Therefore, everyone started fearing the spreading of the red terror, the arrival of the communist enemy, and thus, resuming these whole story, this huge public campaign was carried out with the help of CIA and the military overthrew Arbenz> The US Government, supporting the United Fruit and with the funds of American multinationals, sent fighters jests, soldiers, infiltrators, and resources to force Arbenz in resigning as President. And at the end, the goal was achieved completely with almost acceptable investments. The new president had to reorder and reestablish economic and financial climate favorable to the foreign multinationals, including and especially the United Fruit.

PART X – ECUADOR AND ROLDOS

Ecuador is another example of the effectiveness of use of “Economic Killers”. Since its foundation, the Republic of Ecuador has always been under the rule of pro-American brutal dictators.

But, in 1981, it was decided to hold the first democratic elections of the country. Jaime Roldos Aquileira announced his candidacy proclaiming that one of his main goal, if elected, was to ensure that the resources of the Ecuador remained and be used only for the benefit and welfare of the people of Ecuador. Due to his popular views, he was elected winner of the presidential election with flooding majority. He was a completely unknown candidate and had won nothing before his presidency.

And he started to act accordingly to his political promises, He wanted to ensure that the revenues from the oil extraction and processes of refinery went to the people of Ecuador. Obviously, his plans were in opposition to the financial interests of the USA.

As matter of fact, professional and highly trained economic killers were sent to Ecuador to plant the seeds and rumors for the fall of Roldos. The initial approach were towards convincing him, bribing him, buying him, persuading him that the USA would have guaranteed to him and his family plenty of wealth and unimaginable benefits. But he was also warned that his political career would end if he did continue with his policies. Roldos was killed in a plane crash in the Andes near the Ecuadorean border with Peru.

The area of the crash site was delimited and declared restricted zone accessible only to the US military personnel of a nearby base and Ecuadorean Special Forces.  During the investigations, two witnesses died in mysterious road accidents before they could release their testimonies in front of the court’s hearings. But the strange coincidences and events surrounding the death of Roldos kept going endlessly.

There are no doubts that it was a political homicide because Roldos could not and would not accept any attempts to conform to the dictating terms and conditions of the foreign multinationals, most of them from USA and heavily backed by the White House.

PART XI – PANAMA 1981

Omar Torrijos, the President of Panama, was one of the most democratic and respected leaders of the democratic movements in the American continent in the late 1970s and early 1980s. He was considered a very charismatic leader and with a strong sense patriotism oriented towards the progress of his country and his people. Various attempted were made to control or manipulate his politics even through the enticing offers of ensured wealth and international privileges.

He always replied to the many foreign multinationals trying to bribe him off that he did not need any money but the support and welfare of his country. He intended to pay back to the USA all the American dollars invested for the development of the infrastructures built in Panama by foreign enterprises. He planned to help other Latin American countries in becoming independent and reaching the freedom from this omnipresent US multinationals. He saw in the foreign companies the reason and cause of the poverty of the Latin American people who were cruelly abused and impoverished by foreign powers.

He wanted to nationalize the Panama Straits and let the people of Panama in charge of its control and management. He refused any compromise, any bribery, any attempt made by the foreign companies in achieving the submission of his country.  In May 1981, after the murder of Roldos, Omar realized the imminent risk and he hurried a family reunion fearing he would be the next. However, he was at peace with himself because he knew he achieved what he did promised to his country.

For his, the Channel was supposed to be returned to the people of Panama and that there was no other point to discuss anything further with Jimmy Carter, the President of the USA. In June 1981, barely two months after the death of Roldos, Omar will also perish in a plane crash. It is a well-known fact among the international lobbies of financial and political power that Omar was killed by CIA agents supported by economic killers. Few hours before the fatal flight, a bodyguard passed to Omar a recorder which contained a bomb.

PART XII – VENEZUELA 2002

It is interesting to note that this system of using economic killers to sabotage or manipulate other countries’ political and social environment is still being used today but in a more refined and subtle and viscid implementation.

In 1998, Hugo Chavez is elected President succeeding a long series of highly corrupted presidents and fully responsible for the destruction of the entire economy of Venezuela. And Chavez was elected by popular approval to erase this shameful series of past predecessors.

Chavez place firstly a request to the USA aimed at ensuring that the oil of Venezuela could be used to erase poverty in the country and improve the lives of the people. The USA did not like this possibility and G.W Bush refused to entertain such request. And in 2002, the CIA prepared, planned and executed the uprising of the people against Chavez. All the strategy was carried out in details and a timely manner using a well-studied escalation of the coup-de-etat.

The way used for the elimination of Hugo Chavez has lots in common with the one carried out by Kermit Roosevelt in Iran. People were paid to protest on the streets, fight the police and the army, and spread corruption rumors about Chavez, Just few thousands of protesters on the streets filmed by professional video or movie producers who were able to influence the world’s opinion about the situation in Venezuela. Just few thousands might look like an entire nation. However, in the case of Chavez, the US-sent economic killers and conspirators trained by the CIA did not understand or underestimate Chavez.

Chavez was very popular, very intelligent, very charismatic and very much the symbol of the fight of the Latin-American countries against the US imperialism. As matter of fact, Chavez and his countrymen managed to defeat and eliminate the attempt of destabilization sponsored by US and CIA. It was a moment of great importance and meaning for all the Latin-American countries.

Iraq is a very clear example about how the entire strategic plan of economic killers does work or is implemented.

  1. The economic killers are the first wave. Their jobs is to corrupt government members, find allies, buy over the national army, create effective networks to control entire countries and cities, offers bribes and rewards for “friendly” obedience and submission. This is done by convincing the government or the leaders to accept huge bank loan for the country’s development. If they accept the offered loan, they will get used to the debts and, when incapable of paying back the money because the interests keep going up, it will be too late to refuse other loans. In this way, these countries will keep asking loans over loans, creating debts over debts and continuously failing to even pay the interests. It is like reproducing on a national or global scale the loan-sharks’ technique with poor borrowers. And before the leaders of these borrowing countries realize it, they are completely bankrupted and ruined.
  2. If these first step fail to reach the planned goals, like in Panama with Omar Torrijos or in Ecuador with Jaime Roldos, political leaders opposing any form of corruption, then the next tactic was to send some infiltrators, called “jackals”, specialized in overthrowing the governments and licensed to kill. Once this was achieved, then a new puppet government was chosen and placed in power. This new government and its president were told what policies to adopt and follow and they had no choice but budge down and be guided totally by the foreign multinationals.

In the case of Iraq, both these two steps failed completely to take place. The economic killers did not succeed in reaching Saddam Hussein. He was asked to accept an agreement, which was subscribed by the Saudi Royal Family, but he refused also this proposal. Therefore, jackals were sent to eliminate Saddam Hussein. But the bodyguards and the security surrounding Saddam Hussein were very efficient and many jackals were uncovered and got killed. Furthermore, Saddam Hussein was a trained CIA agent and well versed in the system. Under the CIA’s employment, he was given the mission to assassinate a former Iraqi president called Qassim but, eventually, he failed. But he got to the system. So he was very well alert.

  1. So in 1991, the United States sent the army and erased the military capability of Iraq. The hope was that, after the lesson learned, Saddam Hussein understood the meaning of his defeat and then he could finally accept the offer. In 1991, he could not be removed. He was a strong man, a leader and, in a certain sense, he was convenient because he was able to control his people. In the mind of the US military chiefs and CIA he was considered able to control and manage the curds, keep the Iranians away, and keep producing oil for the US oil companies. And, thinking in this way, he was expected to agree to the proposal offered to him by the US government.

This is why the economic killers were sent again in the late 1990s hoping that he could have changed opinion and show some flexibility. However, he showed no interest. He could have accepted, and still be in power, and he would receive all the military and financial support needed to ensure his leadership in Iraq. There was no need of another Iraq’s war or to plunge the country in decades of instability and uncertainty. But the economic killers were not successful and found pointless to talk sense to Saddam Hussein as he was full or vengeful feelings toward the coalition’s countries who defeated him. He was planning to have his revenge one day.

Therefore, after the failure of the economic killers, there was no other choice but to send the army one more time and, this time, the US public opinion was backing the war because of the hatred cause by the 9/11 and the attack to the twin towers and Pentagon. This time we made plans to rebuild the entire country by taking over completely the control of every resources available in Iraq, like oils and minerals, and also the reconstruction after a devastating war.

PART XIV

– MANIPULATION OF THE DESTINIES OF NATIONS

In fact, rebuilding nations after they come out completely destroyed after a war is the most profitable of all the war’s businesses. Even more profitable than selling guns. Business magnates and entrepreneurs are up to almost unlimited profits from war projects.

So we can safely say that, in Iraq, the all three phases of strategic influence have been employed quite effectively if it is considered that Saddam Hussein was defeated, captures, judged and executed by his own people. The economic killers, the jackals and the military invasion of a nation. This the way the USA created an empire but not rushing and, to be precise, the US empire is not very transparent> It is more a clandestine or illegal empire.

In the history, all the past empires were based on military intervention or invasion for example the English Empire, the French empire, the Roman empire and the Greek empire just to mention but a few. There was always some justifying reason like spreading religion, or civilization or political hegemony or defending the borders. What they had in common was that the leaders of that time, the emperors, were absolutely aware of what they were doing and the consequences and the risks involved. And specifically, the all nation was involved and fully knowledgeable of what was going on and why there were wars for the conquest of new territories. Greeks and Romans were all up together when expanding their hegemony.

But, today’s the common people are completely unaware of why their nation is at war, or invading another country or starting a new conflict and that is the worst thing that may happen to citizens of any nation professing herself as the guard of democratic freedom. In USA, for example, the American people have no idea what kind of advantages or disadvantages are there for them in having their country involved directly or indirectly is so many conflicts at one time.

Today’s there is more slavery than before, if for freedom we intend also freedom of opinion, thought and speech. None of this is present nor in Western supposedly democratic countries not in developing countries with strong political leadership supported by a mixed capitalist society. But USA have built an empire through various subversive and strategic maneuvers on the edge of legality and ethics. So if there is an American empire, is the President of USA an emperor?

An emperor is not elected, has got his title by royal bloodline or conquest or through hegemonic expansion beyond the national borders and, most of all, his power ends with his death and has got no political terms and he is above the law. The US presidents theoretically have only two 4-year terms, have political and legal responsibility, limits to his institutional powers as per the Constitution and can be impeached or removed if considered unfit to fulfill their duties.

PART XV

– THE CORPORATOCRACY

However, in USA the role of the emperor or imperial authority is not held by a single person. It is held by a system able to decide, control, dominate, change, and protect its own global interests. This system is called “Corporatocracy”. What is the Corporatocracy? Corporatocracy is a wide and highly restrictive circle of individuals with no moral or ethical limits and completely dissociated by any regrets. These individuals are those running US multinationals assuming the roles of emperors on the global checkboard. These Corporatocracers command the mass media, through direct ownership or through direct publicity, influencing and manipulating at wish the opinions of the masses, distorting the truth, changing the facts of history, falsifying information, and erasing people and nations if the latter two are obstacles to their global hegemony.

These Corporatocracers control the political leaders, even the US President (in theory the most powerful man of the democratic countries), because they finance their political campaign and command huge electoral votes through their corporate and lobbyist influence.  They finance political campaign through personal funds, societary contributions, masqueraded philanthropic organizations, charity funds and offshore investments. These Corporatocracers are not elected, can stay in power as long as they please, do not respond to anyone for their actions, and being on top pf the pyramid of the corporatocracy you cannot sustain or proof if they are operating their power for personal or corporate interests, because things, at that level, are very smoky, hidden, secret, mysterious and definitely unknown.

The Corporatocracy decides if someone has to be a president or prime minister of a nation, though this is achieved through false elections which are just but a farce for the masses. Even at the top of the corporatocratic pyramid there is someone who is elected as the head of one of the biggest multinationals like Haliburton, Exxon, PetrolChem, GE, At&T, GM, IBM, or even international organization like World Bank, United Nations, Nato, European Union, International Monetary Fund, and other very influential international entities.

For example one of the past president of Haliburton became Vice-President of the United States of America, or members of corporate dynasties like the Kennedy, the Bush and the Clintons and now the Trumps are suddenly at the helm of command of the most powerful democratic super-power of the world. In USA you do not have pure democracy has it has been always purposely sold as historical truth to the masses of the developed and developing countries. An American citizen has the right to vote just either one of the democratic or republican candidate and that might mean choice at all if both presidential hopefuls do not impersonate the best possible choice but the lesser evil one.

The people of the democratic hemisphere assume to be in control through the vote of the political decision of their nations but, actually, they are never made knowledgeable of what is really happening behind the curtains of the stage of power. The real power, influence and dominance is the hands of the Corporatocracers whose identity is sometimes even so secrets the US presidents has no way to know the real faces.

The Corporatocracy is so powerful that plasm and mold at its own convenience every policy or directive passed by the political democratic institutions or signed by the US president. If any US president takes any initiative which has not been approved or is not in line with the interests of the heads of the pyramid of power then he will be forced out of office or sabotaged in his administration and for all the duration of his presidential term. He will be annihilated and pressured at every possible personal and political level in such way that he will find himself absolutely powerless and paralyzed in exercising his presidential powers.

The fate of Truman, of Jimmy Carter and, in the present days, of President Donald are just some of the example of the modern history; but we can also mention Lincoln or Adams or Jackson as above reported.

The Corporatocracy and its mysterious leaders have a very close relationship with every democratic government on earth. Why it is that so? Because for political leaders to be elected to the seats of power, being that presidency, premiership or membership of parliament (national, regional, provincial or communal) need vote, need to be able to influence and need to be able to reach out to society. And this cannot be done unless the Corporatocracers are willing to approve.

Why Corporatocracy does not have the same dramatic and terrific influence in countries where does not exist any democratic system? Because leaders in developing countries, are elected directly within their only national political parties through a very systematic process able to ensure stability of power and long term control of the political and administrative roles. How is possible to believe that the western view of seeing evil only in the East and Asian countries is the only historical and political truth of History? Why there is a huge and unstoppable western resentment against developing countries with very strong personal leaderships able to stand up strongly and proudly to the pressure of the global Corporatocracy.

Now the Corporatocracers are not conspirators because they do not conspire against any power or institution. They are the personification of power, they are the hidden but real ruling institutions and all the democratic leaders are just their humble and servile puppets. The Corporatocracy is the sole puppeteer staging the global show of virtual democratic show in order to rule the world while entertaining the masses.

PART XVI

– GLOBALIZATION

The Corporatocracy operates under one fundamental absolute principle; the maximization of profit in any aspects of power (financial, political, judicial, military and social, cultural), regardless of the social and environmental costs. This process of manipulation by the Corporatocracy through the use of the debt, the monetary system, the corruption of the political leaders and the molding of the destinies of nations, is called: GLOBALIZATION.

As the FED keeps the US citizens in a position called of contractual slavery through the use of the debt, inflation and interests, the World Bank and the International Monetary Fund play the role of manipulators on a global scale. The main principle behind this global fraud is very elementary. The main goal is to reduce a nation to be heavily indebted or heavily corrupting or manipulating the leader or leaders that nation with the ultimate goal to impose structural reforms which can be defines as structural adjustment policies like:

  1. currency de-valuation
  2. cut to social programs
  3. privatization of the public services
  4. trade liberalization

When a currency loses value, the same takes place with everything of value in the country, and this makes cheaply available the internal resources to nations which we can define as predators, global conglomerates, able to purchase them at ridiculous prices compared to their original values.

A country heavily indebted will likely reduce the distribution of social services like social security, pensions to citizens with fixed income, healthcare, public transport, and education and family assistance. In this way, the social welfare and the unity of the people are compromising and the social classes are extremely vulnerable to the abuse, mistreatment and manipulation of foreign infiltrators.

The privatization of the public services and companies means that very important and vital social services can be purchased and owned by foreign companies able to make huge profits out of companies and services once considered national treasures. For examples, in 1999, the World Bank forced the Bolivian government to the sale of the water distribution system of its third largest city. Hugo Banzer, the former President of Bolivia, signed a contract with Aguas Del Tunari, a private consortium, to operate and improve the water supply in Bolivia’s third-largest city, Cochabamba. But Aguas Del Tunari was a local subsidiary company of the American multinational Bechtel. Immediately after the signing of the contract, the water rates were tripled and that meant a further sufferance of the already poor majority of the Bolivian people. Amid huge popular unrest and protest, the Bolivian president had no choice but to terminate the contract with Bechtel.

Trade liberalization implies total opening of the internal market, with the elimination of the trade barriers, to foreign companies. This makes possible a whole set of commercial abuses of economic nature like allowing the foreign multinationals operating in the country the import of their cheap and low quality products for the local consumers. These global enterprises usually operate by dumping their products in the country undercutting the local competition and forcing the closure local competitors. Once the local competition is reduced or almost eliminated and the monopoly of the market is achieved, these foreign companies will raise their prices sky-high given the total lack of regulation and the submissive puppet government in place.

The Republic of Jamaica is a clear example of the negative effect of guided globalization. After accepting the economic advice and the financial aid from the World Bank, has lost its most precious agriculture products like sugars, banana, coffee, yams and rum all destined to the international markets and main sources of national GDP. Even their precious mineral resources, like bauxite, were taken under the control of US companies. In 2010, the IMF convinced Jamaica to accept the loan of 1.27 billion USD in exchange of more relaxed legislation in favor of foreign investments and trade privatization. The IMF acted when Jamaica was still badly affected by the global financial crisis of 2007-2009 with stagnating economy and severe trade imbalance. The global economic downturn had a significant impact on the Jamaican economy for the years 2007 to 2009, resulting in negative economic growth. The government implemented a new Debt Management Initiative, the Jamaica Debt Exchange (JDX) on 14 January 2010. The initiative would see holders of Government of Jamaica (GOJ) bonds returning the high interest earning instruments for bonds with lower yields and longer maturities.

Again it is noticeable how debt based economy is used to control the fate of a country and the way the IMF, supposedly rescuing Jamaica from deflation and, possible, stagnation, does take all steps to bring Jamaican commerce, trade and financial system under control.

Another strategy is based on the creation of numerous, almost invisibly deregulated, factories of international companies (Polo, Ralph Lauren, Tom Hilfiger, Old Navy and other famous branded labels) abusing and mistreating local people and forcing then to accept miserable salary at indecent working terms and conditions of employment.

PART XVII

– GLOBALIZATION AND ENVIRONMENTAL EFFECTS

 

Another critical issue with multinationals getting advantage and profit from globalization is their total disregard for environmental protection and preservation of countries in which they operate and produce without any official environmental legal system and with high corruption. The foreign companies operating in full deregulation and freedom impoverish the hosting country of all the available resources but leave behind a great quantitative of devastating pollution.

The biggest legal action on environmental destruction in history is promulgated in defending the living rights of 30,000 people of Ecuador and the Amazonian region is brought forward against the Texaco, which is owned now by Chevron.

To present a prelude of the environmental disaster of Texaco, it would be helpful to cite the environmental devastation cause by the Exxon Valdez, an oil tanker, owned by Exxon Shipping Company. The oil ship collided with Prince Sound’s Bligh Reef in Alaska in March 24th 1989, in Alaska. According to the reports, the Exxon Valdez was carrying about 53 Millions US gallons of oil and about 10.4 million gallons were spilled in the natural reserve of Prince Sound’s Bligh Reef an habitat for salmon, sea otters, seabirds and seals. The Exxon Valdez is considered the second largest environmental disaster in US waters.

Now it is estimated that Texaco, and Chevron, spilled in the waters of the Amazon River an equivalent of pollution 18 times bigger than the spill of the Exxon Valdez. In 1993, Texaco was found responsible for dumping billions of gallons of toxic waste and they spent $40m cleaning up the area during the 1990s. In 1998, the Ecuadorean government signed an agreement with Texaco accepting the clean-up as complete and absolving Texaco of any further responsibility. That same year, an Ecuadorean scientific team took water and soil samples after Texaco left and found petroleum hydrocarbons at unsafe levels in almost half. The cleanup was called “a sham” by critics.

In 2003, a class action lawsuit against Chevron was filed in Ecuadorian court for $28 billion by indigenous residents, who accused Texaco of making residents ill and damaging forests and rivers by discharging 18 billion US gallons destroying their live hood, crops, farming, husbandry and wild life and, irreparably, destroying an entire ecosystem. In 2011, the indigenous tribes were awarded 8.6 US billions revised later to 19.6 US billions but Chevron never paid a single cent of compensation as later appeals extended the case until recently when, in 2015, a whistleblowing videos documented the real environmental responsibility of Chevron.

However, the case is still open 25 years later while Chevron is still operating in the region and extracting oil. Chevron continues to take oil from the Amazon region at large. El Segundo (CA), Pascagoula (MS), and Richmond (CA) refineries all process Amazonian oil. In 2015 El Segundo was the single largest refiner in the U.S. of Amazon Crude, processing 54,463 barrels per day.

In the case of Ecuador, it must be specified that it was an accident like in the case of the Exxon Valdez. It was intentional. It was planned. It was standard operating procedure. It was done with full acknowledgement of the highest spheres of corporate management and it was an acceptable level of damage by the extracting company.

PART XVIII

– WORLD BANK AND IMF LOANSHARKS

 

Furthermore, if this is not enough to really understand the real financial objectives of the World Bank, publicly stating that her mission is to help poor country and fight misery and starvation on a global scale. Is actually impoverishing large areas of the earth and widening the gap, while the profits of the multinationals supported by the Corporatocracy have enormously multiplied on the skin of minorities and ethnic groups.

In 1960, the income gap between rich countries and poor countries was 30 to 1. In 1998 was 74 to 1. In 2016, it is 88 to 1 and it is expected to grow further in the near future. The Global GNP, in between 1970 and 1985, grew 40%. In the same period the GNP of the poor countries was around 17%.

Between 1985 and 2000, the people living on less than one dollar per day grew of 18%. An investigation of the American Joint Parliamentary Commission found in the early 2000s that only about less than half of the financial projects sponsored or supported by the World Bank have been somewhat, but not fully, successful.

In late 1960s, the World Bank forced Ecuador to obtain huge loans in order to revive the economy. However, in the next 30 years, the poverty rate of the Ecuadoreans increase between 50^ to 70%. Between 1968 and 1998, the unemployment and under-employment grew 15% to 70%. The public debt has increased from 240 million USD to 16 billion USD.  In the same period, the percentage of national income allocated for economic programs in favor or poverty eradication registered a negative trend from 20% to 6%.

From 2000, 50% of the national budget of Ecuador goes to the repayment of the loan received from the World Bank in the late 1960s. This repayment is still going today, 50 years after the intervention of the World Bank in the late 1960s. Today, Ecuador is still considered one of the poorest countries in the world and one of the slowest growing economies of the Central and South American hemisphere.

What is missed from all the above is the total confusion, mostly unknown to the people of the world, which the name World Bank is actually misleading? The World Bank is not a bank for the world economy or of the countries of the whole world. It is, actually, a bank of the USA serving, primarily and exclusively, the interests of the USA. The USA have the absolute veto power on the decisions made by the World Bank because they are the biggest exporter of capital in the global economy.

But from where comes all this capital exported by the USA? From nothing or from thin air or specifically it comes from the creation of debt and a banking system based on the fractionary reserve. Among the first 100 national economies, on the basis of their GNP, 51 are multinationals and 47 of them are based or registered in USA.

Apple, Exxon, General Motors, and Amazon are economically more powerful than countries like Saudi Arabia, Poland, Norway, Finland, South Africa, Indonesia and many others. And with the continuous eliminations of trading barriers, the movements of capital are extremely fast and easily means of speculation in fluctuating markets, and the economies of nations are subverted and manipulated in favor of free competition and global capitalism. And the clandestine empire of the USA keeps expanding further knowing no limits in the horizon.

There are no democracies, there are no nations, and there are no governments. But Corporatocratic entities called multinationals or global corporations. These are the ones holding the power to pull the plugs of the vital cables providing oxygen and hope to the under-developed countries of the world.

What are the topics of Russian leaders at the Kremlin? Karl Marx or Socialism or Cultural Revolution? They are talking about charts of linear programs of financial wars, sustained by decisional theories based on accurate world statistics, and minimize and maximize the consequences of their decisions, calculating potential profits and losses of their transactions and investments like any other leaders in the world. No one excluded. The hegemony of the world is not only in the size of the military supremacy. But it is fought over and over, with continuous changes and mutation of scenarios and stages, over money.

The global economy is not under nations but it is controlled by a solid and impenetrable system of corporations inexorably determined by immutable laws and principles dictated and modified at the convenience and necessity of their own interests. The whole world is a business, and a market place where everything has a price tag and can be sold or bought at any bargained price.

Taken cumulatively, the integration of the world as a whole, particularly in terms of economic globalization and the mythic qualities of “free market capitalism”, represent a veritable empire in its own terms….few have been able to escape the “structural adjustments” and “conditionalities” of the World bank or the IMF or the arbitrations of the World Trade Organization, those international institutions, that however inadequate and legalized “criminal organizations”, still determine what economic globalization means,,,,,,,,,

Such is the power of globalization that in our lifetime we are likely to see the integration, even if unevenly, of all national economies in the world into a single global and free market system.

The world has been conquered by a restricted circle of individuals representing transnational financial powers and dominating the resources of the planet and controlling the money needed for the acquisition of those resources. The final result will not be based on the life of mankind but on the financial supremacy and global monopolistic hegemony of multinationals.

PART XIX

– GLOBALIZATION AND TERRORISM

 

And with widening gap of inequalities and imbalances, the number of people ready to extreme acts will keep growing. This implies that global institutions and leaders ought to find new and more efficient ways to solve the situation and to prevent further irreparable consequences, The Corporatocracy has favored the birth of terrorists that, while cannot be justified but utterly condemned for their vile actions, are the fruits matured at the tree of globalization. In other words, the global manipulators have created the image of the terrorist who is none other than someone who has chosen to fight the machine of the globalization. However, we should not confuse these figure of the terrorism with groups of terror and jihad like Al-Qaeda and the ISIS, which once upon the time were useful operatives for CIA manipulation of Islamic countries.

Pierre Henri Bunuel, French Intelligence former member and was specialist, in his book “Al Qaeda; the database” wrote the following statement: “the truth is that there is no Islamic army or a terror group called Al Qaeda. And any informed intelligence officer know this very well. But there is a propaganda campaign to make the public to believe in the presence of an identified entity….the country behind this propaganda is the US”.

In 2007, the US Department of Defense received 161.8 USD billion for the so called war to global terrorism. According to the Nation Central Agency for the fight to terrorism, in 2004, 1907 persons were victims if acts of terrorism in the whole world. Of these 68 were Americans. But let’s consider these estimate as general average, it is interesting to note that every year in the US alone dies a number almost double to persons due to allergies to nuts. On average, in the US alone, 450,000 people die due to heart-related diseases. And in 2007, the financial allocation of the US government towards medical research for the prevention and cure of heart-related diseases has been only of 3 USD millions. This means that the US government has spent 54 times more on preventing terrorism than heart diseases which kill 6660 times more people than terrorism.

However, given the words terrorism and Al-Qaeda, receive more attention in the mass media as enemies of and to the global interests of US, the myth of them grows exponentially to the citation on the newspapers. in 2008, the US Chief Attorney of the Bush presidency, Michael Mukasey proposed to the Congress of the United States a declaration of permanent state of war to Al Qaeda and any terrorist group to make clear that the US retain the right to detain anyone even remotely suspected to have link directly or indirectly with terrorist organization and that this state of war must last until the entire menace has not been eliminated. Mr. Mukasey, however, forgot to mention that in the same year there were 1 million American citizen under the surveillance of the NSA and CIA.

These so called anti-terrorism measures are not in any way to be intended as measures for the national social protection, but steps to protect the establishment, the institutions, against the growing anti-American resentment both at home and abroad. In view of the hegemony of the Corporatocracy, there might be the temptation of justifying terrorism as the only possible answer to the American-sponsored globalization and its effects.

But the real terrorists in our world are not hidden in the street alleys at midnight or shout “Allah Akbar” (Allah is great) before carrying out their acts. The real terrorist of this world wear suites of 5000 USD each and work in the highest spheres of influence of the political and financial levels of power.

  1. Therefore, what it can be done by us?
  2. How it is possible to stop a system with so much corruption and power?
  3. How to stop this abhorrent and aberrant group of entities with no compassion of millions of people, mostly civilians, massacred in all the military conflicts sponsored, promoted, caused and determined by those sitting on the chairs of power of the lobbies behind globalization?
  4. How to stop the evil of the plans for the control and theft of the natural and energetic resources for the protection and safeguard of the corporate profits of Wall Street?

Before 1980, Afghanistan produced 0% of the world’s opium production. After the US/CIA backed victory of Mujahidin over the soviet army, by 1986, they were producing 405 of the world’s production of opium and heroin supply. And by 1999, they were producing 90% of the heroin supply. But then something unexpected happened. The Taleban rose to power, and by 2000 they had destroyed 90% of the opium fields, the production dropped from 3000+ tons per year to 185 tons or with a 94% reduction. On September 9, 2001, the invasion plans of Afghanistan were on President Bush’s desk and two days later they had the excuse to execute the plans. Today, the US controlled Afghani production of heroin, provides 90% of the world supply and every year does break the world’s record.

Therefore, how to stop a system based on corruption and greed reducing the population of poor countries into slavery and deprivation for the ultimate benefits of corporate figures drinking whiskey in Madison Street and Wall Street?

Or that create self-inflicting acts of terrorism to influence the public opinion and justify their military options taken with the full exercise of military power?

Or produces social automated mechanisms fundamental in the abuses of the people and their lives?

Or able to reduce to nothing the freedom of other nations and change the fate of entire generations through decision taken in the comfortable executive offices of the multinationals?

PART XX

– CONCLUSION BUT NOT THE END (not yet it is the hope)

 

These and other legitimate questions are destined to receiving no answers. Never. The only hope is that people with clear minds and ability to read the reality of history keeps the courage to expose the facts in their cruel nature of dramatic evidence. In all this and in front of all this, silence is and will never be an option. Until there will be free thinkers and independent witnesses of the untold tragedies of human kind there will be the light, though feeble, of the candle of hope.

  1. M. A. L. D. H

 

Advertisements