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Old 29-05-2016, 03:41 PM   #1
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Default TTIP, Colonialism and Venezuela

Many people have heard about the protests against the Transatlantic Trade and Investment Partnership Treaty (TTIP), without knowing what it is really about. Basically the USA and European Union are making a deal to prevent free trade from developing countries.
As a current example of "free" world trade I choose Venezuela, where there are protesters in the streets, because they cannot buy food.

After the colonies were given their sovereignty, nothing has really changed. The colonial forces still decide how the colonies are exploited, under the guise of international law.
A nice example is the protective measures by the European Union. First they use tax money to support their industry, so that the third world cannot compete with the EU. The EU gets some of this money back, with import duties to ensure that the third world can neither compete in the Euro zone. Then our investors in their best philanthropic guise help these countries, it is only natural that they want to be rewarded. Here a description of how the EU uses protective measures against the third world: https://www.tcd.ie/iiis/policycohere...n-measures.php
As a logical result these third world "banana republics" get financial problems, so need to borrow money from the World Bank and the IMF to be able to come around (it's easy to provide loans, when you have the power to print money), for which in return they do exactly what they are told. With these adjustments - of course - their economy gets even more ruined.
One of the best tricks are the trade agreements between countries, at the discretion of the "independent" white judges. From 1959 on, the conclusion of Bilateral Investment Treaties (BITs) for investments with developing countries became popular; in the early years these BITs were based on the General Agreement on Tariffs and Trade (GATT) of 1947. In 1995 came the next big development in BITs with the General Agreement on Tariffs in Services (GATS), for investments in services. From the end of the 1980s on there was some kind of explosion in BITs; no longer only between developed and developing countries, but also among and between developed countries, to exclude developing countries. Developing countries got forced to agree on BITs, because without it was simply made impossible to export, while the foreign investors take their money away.
For the history of international treaties for investment see the story of Vandevelde from 2005: http://jilp.law.ucdavis.edu/issues/volume-12-1/van5.pdf
In the following story Anghie names exploitation of developing countries under the guise of international law "positivism": http://law.wisc.edu/gls/documents/to...olonialism.pdf
As long as there are crises, the large investors earn extra money. Any idea who cause the crises?

Here’s a short list of the consequences of TTIP in the world: http://www.degrowth.de/en/2014/08/tt...ould-be-aware/
Here an extensive story about the ISDS arbitration: http://corporateeurope.org/2012/11/c...1-introduction
If the EU and the USA sign the TTIP, other areas are excluded and forced to agree on BITs, so the colonial forces can continue to plunder them. According to the following report it can be expected that the economy of South America decreases with 1.5 to 5.6% and Africa with 1.2 to 4% as a result of TTIP: http://www.bfna.org/sites/default/fi...une%202013.pdf
Based on the arbitration of Investor-State Dispute Settlement (ISDS) multinationals can sue countries if they think their investments have yielded too little in return. The effect is that when countries take protective measures for environment, health, workers' rights or human rights, they are sued by the multinationals. If subsidies are provided or if subsidies are stopped, countries can be sued. As far as democratically elected parliaments have something to say, this is even further limited by the ISDS. It is the World Bank that decides on these disputes, in other words: by the ISDS arbitrations, the bankers (that are the biggest investors) become even more powerful at the expense of the taxpayer.
First the legal team of an investor looks for the most advantageous Treaty and arbitral tribunal for the claims to have been disadvantaged by a country. The ISDS disputes are judged by 3 arbitrators, of which both parties choose 1 arbitrator, who together choose the President of the arbitration tribunal. In order to give the arbitrators the leverage to judge arbitrarily, many treaties are rather vague. 69% of the arbitrators come from North America or Western Europe.
The most indicted country among ISDS is Argentina for hundreds of millions to billions, for the measures it took in 2001, the crisis in Greece was directed by the IMF and the World Bank and Greece was also indicted repeatedly. Most lawyers concerned and arbitrators claim an hourly rate of over 500 dollars (not even included the exaggerating of the time spent).
The next quote makes clear how independent the ISDS arbitration is, from a lawyer that bragged: "I've got a case right now in front of [a leading international arbitrator]. Every time I go to a conference, he's there. We read each other's books. My opponent on the case ... well, he hasn't got a clue [...]. Between all the partners in our group [...] we've appeared before every single arbitrator worth knowing. Not just once, but multiple times in the past few years and we have the inside knowledge as a result of that".
To ensure that the people do not know what is going on: both the ISDS provisions and TTIP negotiations are done in secret (how’s that for democracy?). An inevitable result of TTIP is that health care is privatised. Any idea of the consequences if the investors think they can make more money if the population is reduced?

It is the Board of Governors, in which all 189 countries represented, that makes the decisions in the World Bank. The catch is that these countries have a voting power based on their economic status. This means that countries that became rich by plundering the colonies now reward themselves with extra voting power.
The voting ratio depends on the matter concerned: 1) International Bank for Reconstruction and Development (IBPRD), 2) International Development Association (IDA), 3) International Finance Corporation (IFC) and 4) Multilateral Investment Guarantee Agency (MIGA). I have made a sum of the total voting power for 11 Western European countries with the USA, Canada and Australia. This shows that these 14 countries (with less than 15% of the world's population) have 56% of the voting power on whole. On the subject MIGA (including the ISBS, I suppose), these 14 countries account for a whopping 88% of the voting power. Also striking is that the GB and colonies - USA, Canada and Australia - together account for 36% of the control and even 69% for MIGA.

Of course I´m very proud that my home country the Netherlands not only had a starring role in the slave trade, but in 2014 came first in the whole world in claims for the ISDS. The following advertisement of my favourite law firm De Brauw Blackstone Westbroek, shows that the Netherlands is an ideal country to "settle" to evade taxes and sue Governments of countries based on the many beneficial BITs for the rich and corrupt: http://www.debrauw.com/wp-content/up...-Rebergen-.pdf
Theoretically, a company only has to open a mailbox to use the Dutch tax law and BITs. In practice, of course, it is expected that the right people get rewarded (which could even be named investment).
Venezuela was also indicted from the Netherlands by oil companies ExxonMobil and ConocoPhillips: http://longreads.oneworld.nl/en/tag/ttip-en/

Venezuela, one of the largest oil exporters in the world, for years has been a country that exports more than it imports for (which should have made this country wealthy). In Venezuela there is both a shortage of products in the supermarkets and power cuts: http://www.infowars.com/scenes-from-...king-for-food/
After Hugo Chávez in 1999 seized power in Venezuela he nationalized the oil industry, because it would be unfair if oil was running out of Venezuela without the population benefitting. Later, in May 2007, he closed the door on the IMF and World Bank. In 2009, Chávez had to beg for a loan from the IMF, which obligated him to devalue the Venezuelan bolivar (causing inflation).
Chávez died in March 2013 and was most likely killed by the CIA. Even the CIA has acknowledged multiple attempts to kill Fidel Castro: http://www.pravdareport.com/opinion/...chavez_eath-0/
If Chávez was murdered, he didn´t have cancer, but was poisoned and the Cuban doctors, that gave him radiation, chemotherapy and surgery no less than 4 times (!), were complicit to murder. Eva Golinger suspects a bodyguard of Chávez, Salazar, who after his death was granted asylum and federal protection in the USA: http://www.strategic-culture.org/new...ir-tracks.html
In 2013 the puppet of the elite Nicolás Maduro was helped to the presidency. Maduro effectively hampers the industry so that it produces less and less, then sells the imported goods so cheap that these are exported (back) abroad at a considerable profit, so that hyperinflation breaks out: http://www.aljazeera.com/indepth/fea...236836920.html
The next masterful stroke of Maduro: selling oil and gold reserves. I would say that if Venezuela exports oil, it should be as rich as Saudi Arabia (of course only the lucky few take all the wealth). Selling the gold (e.g. to Citibank and Goldman Sachs) is about the stupidest thing he could do, central banks because they possess gold are allowed to print money: http://money.cnn.com/2015/10/29/news...old/index.html
Because the underpriced products are exported to other countries, the crisis can spread across the continent South America (so that the rich investors can get even richer).

The State media calls this: international law, democracy, capitalism, free market and development aid. I call this: abuse of power, slavery, exploitation, corruption and organised crime.
I can see only one real difference between 2016 and the colonial 19th century: because of computer technology the value of a human being is at an absolute minimum.
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Old 03-06-2016, 02:51 PM   #2
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Because the bankers effectively run our world, they’ve created a society in which they cannot lose.
American banks only have to back up investments (or loans) with a cash reserve ratio of 10%. This means with an American savings account for 10,000 dollar, the banks get a present of 90,000 dollar. In the European Union the reserve requirement is even lowered to 1%, so European financial institutions could even invest 990,000 for 10,000 dollar. And this is probabably why Great Britain never took part in the Euro (GB has a 0% cash reserve ratio).
In this way the European colonial forces still rule the USA - the European banks are 10 times more powerful than their American counterparts. On the other hand: Brazil has a reserve requirement of 45%, so with 10,000 dollar Brazilian banks can invest “only”12,222 dollar. In 1978 Turkye had a reserve requirement of 62.7%, so with 10,000 dollar Turkye could only invest 5,949 dollar.
I’ll illustrate this with some examples.

You deposit 10,000 dollar on a savings account at an interest rate of 2% a year. I will use a conservative interest rate for the investments of the bank of 4% a year. At the time of the deposit the bank can place the 10,000 in the central bank and invest 90,000 dollar.
In 1 year time your credit has grown to 10,200 dollar, while the bank has made a profit of 3,600 dollar (so including your 200 interest, the bank can invest an additional 3,800 multiplied by 9).
In 2 years time your credit has grown to 10,404 dollar, while the bank made 7,552 dollar.
In 3 years time your credit has grown to 10,612 dollar, while the bank has made 11,874 dollar.
So in 3 years time the bank makes more money from the money you put in your savings account than your total savings. Probably the bank even gets an interest rate for the 10,000 dollar it holds in reserve with the central bank.

Insurance companies can use the same cash reserve ratio of (say) 10%. According to the following information insurance companies settle the bill you pay for only a small fraction: http://www.lawfulpath.com/cat/index.php#1204
In this example you pay a medical bill (to the insurance company) for 100 dollar, which the insurance company settles for 20 dollar (20%). The insurance company makes a profit of 80 dollar for which it can invest 720 dollar (not even counting your monthly insurance fee).

The previous is unfair but not money creation. When you borrow money from the bank, now that’s money creation. Don’t you think it’s strange that when you buy a house, the down payment goes to the bank (instead of to the house seller)?
In this example you make a down payment of 50,000 for a mortgage loan to buy a 250,000 dollar house. The bank doesn’t run any risk (with the 50,000 it can already invest 450,000 dollar) and of course: they will get the 250,000 dollar (plus interest). If you cannot pay, they confiscate your house (while you’ve paid 50,000 the bank simply created 200,000 dollar out of thin air).
Of course the created 200,000 dollar ends up on another bank account (for which that bank can invest 1.8 million). And you have to work really hard to “earn” the created 200,000 dollar (which makes you a motivated slave).

There used to be a gold standard, where central banks could only create money backed up by gold (or we only had to believe it was backed), but this was abolished in 1971. So central banks can print money without limitations: http://www.philosophicaleconomics.co.../goldstandard/
Central banks can also create money by simply lowering the reserve requirement or lending “money” to commercial banks.
Because banks can almost freely invest money they can always plunder a company and then file for bankruptcy (keeping the money). One major goal of TTIP is to liberate the “stricter” standards in the USA to the more “liberal” standards of the Europe for banking.
Please don’t tell a sole, that if we take our money out of the banks and refuse to loan any more money: all hell breaks loose...
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Old 11-06-2016, 02:45 AM   #3
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Hard to do much about this being so bound to the financial systems. But TTIP needs to be stopped regardless of financial history and structures.
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Old 16-06-2016, 01:56 PM   #4
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Default LuxLeaks

In the Luxembourg Leaks (LuxLeaks) financial scandal in 2012 and November 2014 confidential information from PricewaterhouseCoopers (PwC) was made available that showed that tax schemes for multinationals in Luxembourg, the Netherlands and Ireland were used to avoid paying taxes (basically the kind of schemes De Brauw Blackstone Westbroek is advertising for the Netherlands). The confidential documents are available on the website of ICIJ: https://www.icij.org/project/luxembo...leaks-database
The European Commission decided that the tax deduction schemes for Fiat Finance from Luxembourg and Starbucks from the Netherlands are illegal state aid.
Since then the whistleblowers involved in this case have been accused in a trial by PwC for exposing this scheme. The following have to defend themselves in this court case: Antoine Deltour, Raphael Halet (both whistleblowers from PwC), Edouard Perrin (French journalist involved) and The International Consortium of Investigative Journalists (ICIJ: coordinated the release of this information).
This is the best story I’ve read on this scandal: http://www.truth-out.org/news/item/3...-being-charged
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Old 12-07-2016, 03:33 PM   #5
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Default John Perkins – Economic Hit Man

I cannot be the only one frustrated about all of these so-called whistleblowers that only reveal the not secret at all (remember CIA-operative Edward Snowden?).
When searching the internet for whistleblowers on the World Bank, the most important one appears to be John Perkins that has written a bestselling book about his life as an Economic Hit Man: http://library.uniteddiversity.coop/...mic_hitman.pdf

Perkins shares with the world that as an employee for Chas. T. Main (MAIN) he made up statistics to make third world countries loan money from the World Bank. The money was directly funnelled back to the rich companies in the USA. In this way the GNP rose, while the poor became even poorer and the countries were saddled up with a debt they couldn’t pay back, for which in return they were forced to sell precious resources (like oil) and vote in the United Nations according to the needs of the American companies. It would have been much more interesting if Perkins had presented some detail and evidence (for example about the rigged votes in the UN).
Perkins was much more than only making up reports. After he joined MAIN in 1971, he became chief economist already in 1972 and was again promoted in 1975 to become the youngest partner in MAIN's one hundred-year history (in his 20s). Perkins knows of course that it’s also the European investors to profit from the “loans” from the World Bank.
You only have to look at Iraq, even if you believe the official story about 9/11 and the bringing freedom and democracy propaganda, you must notice that’s it strange (to say the least) that after Iraq was destroyed by the embargo and American and British allied bombs, corporations from the same countries that bombed Iraq profited by getting contracts. It cannot be surprising that KBR/Halliburton (of then vice-President Dick Cheney) was the biggest profiteer of the invasion in Iraq (but what are these Kuwait companies on places 2 and 3?): http://www.ibtimes.com/winner-most-i...decade-1135905
The even bigger money was made by the oil companies (that one of these companies is based in Russia, proves that the USA against Russia rhetoric is a lie): http://www.nytimes.com/2011/06/15/bu...ia15.html?_r=0
Of course these are undeniable facts that anybody can find on the internet, and... more interesting than the “secrets” in Perkins’ book.

Probably the most dark “secret” Perkins reveals to the world is that Ecuadorian President Jaime Roldos Aguiler and Panamanian President Omar Torrijos were murdered (by the “jackals”) within 2 months of each other in 1981. This is an interesting claim, but unfortunately Perkins doesn’t provide any evidence (besides some quote from Graham Greene, Conversations with the General, 1984). Here’s what I found (there´s also a lot of information in Spanish that I cannot read).
On Aguiler's death it’s known that the Panamanian police reported that his plane was brought down by a bomb, near Loja, and then the national government immediately labelled it an “accident”: https://www.cuencahighlife.com/ecuad...ration-condor/
On Torijos’ murder there’s much more. Col. Roberto Diaz Herrera on June 8, 1987 said (Herrera was later arrested and also wrote a book): “that Noriega had conspired with Lt. Gen. Wallace Nutting, the chief of the U.S. Army’s Southern Command, based in Panama, “and with the CIA, to plant a bomb aboard the aircraft in which [Noriega's predecessor, and Diaz's cousin] General Torrijos was killed when it crashed in the mountains in 1981"″: http://liesofourtimes.org/?p=298
Herrera also implicated Col. Alberto Purcell, who reportedly was paid $250,000 by the CIA. Colonel Manuel Noriega by the way had been involved with the CIA since the late 1950s and was closely connected to George H.W. Bush, and then suddenly became a drug lord and dictator (Saddam Hussein and the Taliban had also been good friends with the CIA for many years by the way). In 1991 Noriega tried to defend himself in court by providing evidence (which wasn't allowed) that the US government was involved in the murder of Torijos and tried to assassinate Noriega himself: http://articles.sun-sentinel.com/199...noriega-panama

Perkins throughout his book tells us that he feels really guilty for becoming filthy rich over the backs of the starved poor and all the while had plans to better his life (the road to hell is paved with good intentions).
In reality Perkins was warned by his mentor Bruno Zambotti, that got out of MAIN shortly before him with a handsome payoff. Then Perkins in April 1980 quit MAIN and became an expert witness for the energy sector (he doesn’t even claim this was for humanitarian reasons). Then after his beloved daughter was born Perkins decided he really needed to get involved in making earth a better place (for all of these eugenetics types this means getting rid of all inferior races). So in 1982 Perkins started his energy company Independent Power Systems (IPS) with the help of Zambotti. Perkins makes us believe this was the only one in the whole damn industry that acts environmentally correct. At this time Zambotti had a high-level position at the Inter-American Development Bank (IADB). IPS was also financed by: Bankers Trust; ESI Energy; Prudential Insurance Company; Chad-bourne and
Parke (a Wall Street law firm with Ed Muskie as one of the partners); Riley Stoker Corporation. IPS got exemption from a special tax by the U.S. Congress.
From 1987 on Perkins got a lot of money from WECS for doing absolutely nothing (according to himself) and in the beginning of the 1990s Perkins sold his interests in IPS. During the 1990s Perkins noticed that a lot of indigenous people of South America are out of reach of the claws of the World Bank, so he started setting up some non profit organisations (NGOs) to help these people. Of course Perkins doesn´t mention that now that he had a bundle of money, philanthropy is the perfect way to evade taxes. One of the main NGOs Perkins set up in 1995 is the Pachamama Alliance. Pachamama was financed by one of the most popular philanthropists in the world, Rockefeller, while the World Bank has started similar “non profit” projects in the area, Al Gore is their second “follow” on Twitter and Pachamama is a TckTckTck partner of the United Nations: https://intercontinentalcry.org/fund...gative-report/

Of course it´s great for these indigenous to loan money from IADB with the aid of USAID to make their countries the beneficiaries of eco-tourism. This is the result of the help of Pachamama: a 1999 study showed that because the Kapawi employees work in eco-tourism they can spend a total of a whole 2 days per month at home with their family (mission accomplished I would say). You can clearly see how much fortune the indigenous gather in return for the eco-tourism (which of course is very good for the environment), in an advertisement for a nice trip into the vulnerable eco-system in Ecuador the tourists pay per person $3,475 and an additional $10 directly to the Achuar community: http://www.wrongkindofgreen.org/tag/conservation/
Also interesting is that Van Jones was forced out of his advisory role for President Obama, after he was caught on tape saying 9/11 was an inside job, and then was hired by Pachamama: https://www.firstthings.com/blogs/fi...dical-campaign
Luckily I´m not the only one to see through the disguise of Perkins: Pachamama was forced out of Ecuador. Perkins defended himself in the media by claiming that the Ecuador government was pressured by the big oil companies to throw him out (like his financier Rockefeller?).

According to Perkins the 9/11 terrorist attack was the final straw that convinced him to write his book. Obviously Perkins knew he could make a lot of money in the war on terror. I advise everybody that has already read the book to read it again, but now with the foreknowledge that the humanism of Perkins is in reality eugenetics eco-terrorism.
Already in the preface of his book Perkins refers that he was warned by his teacher Claudine: “Then you'll have to choose. Your decision is final. Once you're in, you're in for life”. So even by his own admission Perkins couldn’t have stopped being an EHM.
Ironically Perkins even describes a similar trick: he had an article published in the Boston Globe “Colonialism in Panama Has No Place in 1975”, to criticise the imperialism from the USA. His mentor Zambotti immediately understood: “But I want you to know I think you're smart. Torrijos will love it; I do hope you're sending him a copy. Good. Well, these jokers here in this office, the ones who think Torrijos is a Socialist, really won't give a damn as long as the work flows in”.

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Old 02-10-2016, 03:50 PM   #6
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Default Greg Palast – The Best democracy money can buy

When I searched for “whistleblowers” on the World Bank I found Joseph Stiglitz. Stiglitz was chief economist at the World Bank, before being fired and being awarded the Nobel Prize for economics. And the strange thing is that he – a tool for the corporate elite - really criticises the IMF.
See for example the following article “This, argues Stiglitz, is not only a betrayal of the ideas underlying the IMF’s inception, but it is simply bad economics”: https://clg.portalxm.com/library/key...?keytext_id=33
Why would Stiglitz criticise the IMF? To get the attention away from a real whistleblower! This is the most interesting quote I found “from” Stiglitz:
According to insider Joseph Stiglitz, World Bank staff meet some begging, busted finance minister who is handed a ‘restructuring agreement’ pre-drafted for his ‘voluntary’ signature. The Bank hands every minister the same exact four-step program.
Step One is Privatization – which Stiglitz said could more accurately be called, ‘Briberization.’ Rather than object to the sell-offs of state industries, national leaders – using the World Bank’s demands to silence local critics – happily flogged their electricity and water companies. “You could see their eyes widen” at the prospect of 10% commissions paid to Swiss bank accounts for simply shaving a few billion off the sale price of national assets.
Step Two of the IMF/World Bank one-size-fits-all rescue-your-economy plan is ‘Capital Market Liberalization.’ Stiglitz calls this the “Hot Money” cycle. Cash comes in for speculation in real estate and currency, then flees at the first whiff of trouble. A nation’s reserves can drain in days, hours. And when that happens, to seduce speculators into returning a nation’s own capital funds, the IMF demands these nations raise interest rates to 30%, 50% and 80%.
At this point, the IMF drags the gasping nation to Step Three: Market-Based Pricing, a fancy term for raising prices on food, water and cooking gas. This leads, predictably, to Step-Three-and-a-Half: When a nation is, “down and out, the IMF takes advantage and squeezes the last pound of blood out of them.
Now we arrive at Step Four of what the IMF and World Bank call their “poverty reduction strategy”: Free Trade. This is free trade by the rules of the World Trade Organization and World Bank.

In reality this isn’t a quote from Stiglitz at all, but from investigative reporter Greg Palast (after speaking with Stiglitz). I recommend Palast’s book The Best democracy money can buy (2002): http://www.chemtrails911.com/books/T...0Palast%20.pdf
On his website is more interesting information: http://www.gregpalast.com/
The following are the topics in his book most relevant to this thread.

Before transitory heads of state (like presidents) meet at the World Trade Organization (WTO), the Transatlantic Business Dialogue (TABD) provides them with the details of their agenda. TABD pairs influential politicians to powerful CEOs. The corporate directors give the politicians a grade on “the scorecard”. In this way the big corporations can control politrics.
One TABD proposal would reverse the $5 billion judgment against Exxon for the Exxon Valdez oil spill. TABD’s Products Liability Group that, under the guise of eliminating “non-tariff” trade barriers, takes aim at American citizens’ right to sue corporations.
The WTO’s penal system to keep the colonies in slavery is the Trade-Related Intellectual Property Rights (TRIPS). The USA unilaterally exempts itself from TRIPS, so US retailers can still import cheap drugs. The WTO requires, on penalty of sanctions, that every nation pass laws granting patents on genetically modified seeds and drugs. When Thailand tried to register traditional medicines as intellectual property, the US Trade Representative wrote that this would “hamper medical research”, so Thailand got nothing.
In March 2001, the WTO would design a system to replace democracy with article VIA of General Agreement on Trade in Services (GATS). The GATS Disputes Panel decides if a law is “more burdensome than necessary”, in which case the WTO can simply set it aside.
Goldman Sachs chaired TABD when Peter Sutherland was president of WTO, and Sutherland went to Goldman Sachs after he left WTO.

The strategy to destroy economies is something like: take money out of circulation to crash the economy, then the big bankers buy the economy pennies for dollars, while in the meantime the country has been indebted, and has to do what the World Bank tells them.
In 1983 the IMF forced Ecuador’s government to borrow $1.5 billion to take over the private debts of Ecuador’s elite. In return Ecuador had to hike prices in electricity and other necessities, and eliminate 120,000 jobs. Then in 2000, 2001 to finish Ecuador off, it was ordered to: 1) raise the price of cooking gas with 80%, 2) eliminate 26,000 jobs, 3) cut wages with 50%, 4) transfer its biggest water system to foreign operators, 5) allow British Petroleum’s ARCO to build an oil pipeline.
In Bolivia some riots broke out, when Bolivians couldn’t get drinking water. To “help” Bolivia: Samuel Soria deposited $10 million on a Citibank account in New York, that never returned to Bolivia. Water prices, could rise with 150% under the new owner, International Waters Ltd (IWL) of London.
In 2001 Argentina got ordered to cut their government budget deficit from $5.3 billion to $4.1 billion. Taking 1.2 billion dollar out of the economy already in recession, did wonders: by the end of March 2001, Argentina’s Gross Domestic Product (GDP) had already dropped with 2.1% compared a year earlier. Argentina had to reduce jobs, wages, and pensions. While the IMF offered an $8 billion aid package - Argentina had to pay $27 billion a year because of their debt of $128 billion (to the likes of Citibank). The French bought the water system and raised prices up to 400%. And Argentina got threatened with sanctions by the USA to liberalise the pharmaceuticals industry.
In 1973 General Pinochet took dictatorial control of Chile, and destroyed the economy. The CIA, since October 1970, had helped Pinochet to oust president Salvador Allende. US Ambassador to Chile, Edward Malcolm Korry explained that US companies used the CIA as an international collection agency. In 1973 Chile’s unemployment rate was 4.3%; by 1983, after 10 years of free market liberalisation, unemployment was at 22%, while wages had declined by 40%. In 1970 20% of Chile’s population lived in poverty, by 1990 – when dictator Pinochet left office - this number had doubled to 40%. In 1982 and 1983, the GDP dropped with 19%, and foreign companies bought 85% of Chile’s profitable industries. The USA the State Department reported: “Chile is a casebook study in sound economic management”. The respected economist Milton Friedman called this “The Miracle of Chile”.
In 1998 —the World Bank, IMF, Inter-American Development Bank and the International Bank for Settlements — offered $41.5 billion credit to Brazil. The World Bank designed a “Master Plan for Brazil” to create a “flexible public sector workforce”: reduce Salary/Benefits; Pensions; Job Stability; Employment, and increase Work Hours. After the Brazilian real dropped with 40%: British Gas bought the SaoPaolo Gas Company, while Enron and Houston Industries bought the Rio and Sao Paolo electricity companies and a pipeline.

On March 24, 1989, The Exxon Valdez covered 1,200 miles of Alaska’s shoreline in oil. British Petroleum’s role has been somewhat overlooked by the state media.
In 1969 Alyeska, the Exxon-BP oil pipeline consortium, bought the Valdez oil terminal land, from the Chugach Natives, for one dollar. The natives got “help” from attorney Clifford Groh, head of Alaska’s Republican Party, that only a few months later represented Alyeska. Alyeska created sham emergency teams, listing names of oil terminal workers that didn’t know how to use oil spill equipment.
Before 1989 Theo Polasek had warned executives about an oil spill at the location of the later disaster and asked for millions of dollars for spill containment equipment. Although the law required it, this was rejected. When James Woodle prepared a report for the government about an oil spill at Valdez, his supervisor forced him to take it back: “This was not an oil spill”. Woodle delivered his list of missing equipment and “phantom” personnel to George Nelson, BP’s president for Alaska. In September 1984, independent oil shipper Charles Hamel informed BP of falsification of reports.

In the 1970s British professor Dr. Stephen Littlechild invented a scheme to privatise British electricity utilities. In 1990 the England-Wales Power Pool, went into business.
From Atlanta headquarters, Southern’s executives learned they could charge in “deregulated” England double the price in Georgia. In 1995, Southern bought up England’s South Western Electricity Board. The cash rolled in and American companies grabbed the majority of the British electricity sector. Although (or because) the British consumers were terribly overcharged, the IMF and World Bank required deregulation of electricity if countries wanted assistance.
The USA had a regulatory system to keep tight lids on utility monopolies’ profits, with the result that Americans had about the lowest electricity prices in the world. In 1996 California tossed out this regulatory system. The parents of Palast saw their energy bill rise with a whopping 379% in the first year of deregulation. California’s electricity watchdog claims that electricity consumers were overcharged by $6.2 billion in 2001. After PG&E bankrupted California consumers had to pay off the speculators for some $35 billion.

While Palast dedicates a lot of his book to criticise the dictatorship of US corporations, the British monarchy is arguably even worse than the USA. The Home Office doesn’t consider a payment to a Member of Parliament a bribe if it’s “remuneration” for services rendered. Great Britain has an Official Secrets Act, libel laws that effectively censors journalism, privacy laws protecting politicians, with the result that that there’s no freedom of the press. Even facts can be prohibited from being published.
Palast went undercover and got in touch with LLM and told them that he represented some wealthy American clients.
Derek Draper proudly boasted that LLM had given the US investment bank Salomon Brothers, a week advance knowledge, that the cap on total spending was 2.75% instead of the expected 2.5%. Salomon made a fortune.
PowerGen PLC wanted to buy a regional electricity company in violation of anti-monopoly regulations. Draper arranged a confidential meeting between a top adviser to Chancellor Brown with the chairman of PowerGen, Ed Wallis, which secured the PowerGen merger deal.
Roger Liddle is one of the important men in government, in charge of European affairs. Liddle told Palast that “Derek knows all the right people.” Liddle had been managing director at LLM, before he put his shares into a blind trust. Any new business Liddle gets Draper goes straight into his “blind” trust.
Here are some other deals in Britain Palast found out by going undercover: 1) Rupert Murdoch’s News International got valuable amendments to union recognition bills; 2) Tesco won exemption from a car park tax worth 20 million pounds per year; 3) Enron reversed a government plan to block new gas-fired power stations.

Palast dedicates some pages in his book to how the presidential elections of 2001 were stolen by George W. Bush, with the help of the governor of Florida, Jeb Bush (George’s younger brother)
Where Bush officially won with a margin of 537 votes, Palast explains tens of thousands of voters were illegally prevented from voting, , most of which would have voted Al Gore for president. Greg Palast estimates that 52,000 voters were removed in Florida, because they were erroneously considered “criminals” without the right to vote.
ChoicePoint DBT was the company that purged “criminals” from the voting list. One of the tricks was to purge anybody with a 90% name match (for example: “Anderson” would make “Andersen” lose his vote). 179,855 ballots were simply not counted, depending on skin colour. For example: in Leon (a “White” county) one in 500 ballots was “spoiled”, while in neighbouring Gadsden, (with a high percentage Black) one in eight ballots was rejected.
Since George Bush junior became inaugurated as president: Colorado, Indiana, South Dakota, Texas, Virginia, Georgia, Kansas, Montana and Washington have passed laws that cleanse voter rolls in a similar (illegal) way as Florida did in 2001.

I wanted to order this interesting book, but couldn’t get a regular (paper) book and instead ordered this later (disappointing) book of “Greg Palast”.
It focuses on the illegal obstruction of the “poor” in the USA from voting (6 million in the whole USA, instead of ten thousands in Florida). “Palast” concludes that people must take action to take back their democratic right to vote.
I conclude something else. If millions of people are illegally prevented from voting, than the USA isn’t a democracy. When you don’t live in a democracy, to vote is “stooopid” (in the words of the 2002 Greg Palast).

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Old 09-10-2016, 03:46 PM   #7
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Default Tata, ABN AMRO, Chatterjee, Soros

The following is both personal and has relevance to this thread, this is something I’ve witnessed myself. I haven’t found this on the whole internet, so this could be an exclusive story. It shows that when Rothschild controls everything, he cannot lose.

In 2002 plans were made to outsource the department of the ABN AMRO bank (in which both Rothschild and the Dutch Royal family owned a large share) for which I worked at the time, to Tata Consultancy Services (TCS) in India. The plan couldn’t fail: Indians receive less wages than the Dutch, and if ABN AMRO makes the same profit with less personnel the metrics improve (the company's profit per employee).
They could have won by doing this in a clean (legal) way, but they should have paid the 1500 Dutch employees they wanted to get rid off, more than a hundred of million euros.
In the summer of 2003 ABN AMRO replaced all the computers in the office where I worked and started the reorganisation “Inspiration” (based on CMM). Changing work processes under the guise of CMM was meant to keep everybody busy with useless activities, while we suddenly had to work in a different way (leading to burn-out mental diseases). The new computers acted strange.
In September 2003 they ordered me to work in 6 ICT-projects in 3 different functions simultaneously. Examples of harassments: stealing my wallet, middle fingers, throwing a cup of coffee over my clothes, toxic thea, yelling, intimidations, calling me names and a reprimand. In February 2004 I noticed that the office building was almost deserted. On March 1 I refused to go to work anymore and was fired. I have proof that ABN AMRO broke into my house in 2004 (also part of the reorganisation?).
On September 1, 2005 (when the reorganisation had already been finished) the outsourcing was made public: http://news.bbc.co.uk/2/hi/business/4204174.stm
Labour unions, attorneys, journalists and judges were all cooperating with this ploy to get rid of employees.

The following conflicting interests, make it more interesting.
In 1989 Chatterjee with the help of Rothschildagent George Soros set up The (Soros-)Chatterjee Group (TCG). In 1994 The Chattarjee Group, Tata Group, Indian Oil Corporation and West Bengal Industrial Development Corporation founded the joint venture Haldia Petrochemicals Ltd (HPL): https://en.wikipedia.org/wiki/Haldia_Petrochemicals
In 2004 Tata Consultancy Services was guided to the stock markets by JM Morgan Stanley, DSP Merrill Lynch and JP Morgan Chase. Member of Bilderberg Robert W. Scully was part of the direction of JM Morgan Stanley, together these 3 banks had some 30 members of the Council on Foreign Relations: http://articles.economictimes.indiat...ok-built-issue
In 2005 Chattarjee bought Basell, with the participation of Shell (also connected to both Rothschild and the Dutch Royal family) and Merrill Lynch: http://articles.economictimes.indiat...ll-polyolefins
In December 2006 it became known that Tata Steel was counselled by NM Rothschild and ABN AMRO (!) in the acquisition of the British-Dutch Corus: http://articles.economictimes.indiat...rgica-nacional
When in April 2013 Tata Technologies bought Cambric, not only Tata but also Cambric was advised by NM Rothschild (aren’t conflicting interests illegal?): http://www.tatatechnologies.com/about-us/cambric/
There’s even a connection between Soros-Chatterjee, Winston Partners and Marvin Bush (younger brother of George W.): http://www.apfn.net/messageboard/04-...on.cgi.55.html

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Old 14-12-2016, 04:03 PM   #8
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Default Moldova

Unfortunately Moldova doesn’t get much attention in the state media, but it is a text book example of destroying the economy by the banksters. Moldova is one of the former countries that came into existence when the Soviet Union fell apart.

The story is that the Israeli-born Ilan Shor used 3 banks in Moldova to steal $1 billion; compare this to its Gross Domestic Product of less than $8 billion. The conspirators first took control of the banks and then lent themselves nearly $1 billion, collateral-free. They transferred the money out of Moldova to banks in Latvia on accounts held by U.K.-based limited partnerships (shell companies); the money then mysteriously disappeared. Shor denied any involvement in the secret takeover and looting of these banks: https://www.bloomberg.com/news/artic...-from-moldova-
Let’s see if we can understand what happened. Three Moldovian banks created $1 billion worth of “money” out of thin air, that disappeared and now the Moldovian people – the poorest country in Europe – have to repay this “money”. They claim that the “loans” moved through a “complex web of transactions and that the records of many transactions were deleted from the banks’ computers”.
This is impossible. Computers of banks are designed so that nobody can remove transactions (not even the administrators). Furthermore this is impossible without the Moldovian Central Bank helping to arrange this crime (creating $1 billion in loans in a single action?!).
Ilan Shor and Vlad Filat (prime minister from 2009 to 2013) are serving years in prison for their involvement in the theft of National Bank reserves. Vladimir Plahotniuc was/is the leader of the Democratic party of Moldova and was also accused. Plahotniuc fled the country to Geneva (Switzerland). In July, August of this year Mihail Gofman was lobbying in Washington DC: http://archive.is/yHqPo
It looks like these 3 are scapegoats for the bankers...

According to economic expert Gheorghe Costandachi the National Bank of Moldova (NBM) is intentionally destroying the economy. There are enormous quantities of liquidity in banks, but the NBM majors the mandatory reserve rates which will effectively make loans impossible. Such a strategy is pushing the economy to a grinding halt. The problems become even greater when Moldova also has to repay the disappeared $1 billion.
After the economy crashes the rich (foreign) investors (=bankers) can buy the economy pennies for dollars, while Moldova remains poor. The NBM governor could have stopped the robbery of $1 billion, but didn’t intervene. In Ukraine, the minimum wage is $240 a month, while Moldova lives impoverished at $85 in 2012 American dollars: http://jurnal.md/en/economic/2015/6/...nt-of-moldova/

The average yearly salary in Moldova is less than $2000 per year (that’s average, so the median is even lower). There’s inflation so the bills get higher, so people got angry and riots broke out. See this picture of September 2015.

Neighbouring country Romania offered Moldova a $162.5 million loan package in October 2015. After the first $65 million tranche Romania blackmailed Moldova by saying that it will not get the second tranche unless Moldova “undertakes a real fight against corruption, implements reforms targeting the justice sector and signs a draft loan agreement with the IMF”. Basically this means they have to let IMF and World Bank finish Moldova off: http://www.ibtimes.com/moldova-econo...uropes-2295822
Nearly 17% of the Moldovain population live below the poverty line. In response to the $1 billion bank fraud (by the Moldovian Central bank), the EU, International Monetary Fund and World Bank have frozen their financial assistance to Moldova. According to the US Embassy in Chisinau, protests highlight the frustration experienced by many Moldovans due to lack of reforms in their country. Yeah sure... these people cannot get food on their plate and they would worry about “reforms”: https://en.wikipedia.org/wiki/2015%E...sts_in_Moldova

The Democratic party of Moldova have contracted the Podesta group (very close to the Clintons) for lobbying services in June 2016 for 600,000 dollars (of course it isn’t suspicious that this kind of money is paid for “lobbying”): http://www.moldova.org/en/democratic...obby-services/
It’s none other than the Soros Foundation of Rothschild agent George Soros that is monitoring the Legal system in Moldova: http://www.soros.md/en/event/2010-12-15
That’s the same George Soros that in late 1989 arranged with the Polish Prime Minister Mieczyslaw Rakowski and the leaders of Solidarnosc to bankrupt its industrial and agricultural enterprises, using astronomical interest rates, withholding state credits, and burdening firms with unpayable debts. After the economy of Poland crashed the economy could be bough dirt cheap. An example is the steel facility Huta Warsawa that was bought for $30 million, but was worth at least $3 billion.
In late 1991 Soros arranged a similar plan with the Yeltsin circle for Russia. It was Soros who introduced Jeffery Sachs and shock therapy (draconian cuts in state spending to an economy that totally depended on the state) into Russia. Since January 2, 1992, shock therapy was introduced with chaos and hyperinflation as a result: http://balder.org/judea/George-Soros...am-Engdahl.php

The World Bank has been “helping” Moldova since 1999 and claims impressive progress because the poverty rate was reduced from 72% in 1999 to 22% in 2010 (remember: an average year salary of less than 2000 dollar).
An estimated 18,000 pregnant women cannot buy food and need food aid packages because of the increase in food prices in the summer of 2008. The Strengthening the Effectiveness of Social Safety Nets Project is “helping” over 50,000 poor households to receive “targeted” social assistance. In a country of 3.5 million that’s a very large impoverished percentage.
Apparently much progress has been made by “the use of ICT as a tool for improved public services, greater transparency and efficiency”. An automated social assistance information system has been developed for the Ministry of Labour, Social Protection and Family to maintain records of persons requiring social services. Read what this means: Moldavians cannot buy food to eat and now the World Bank has arranged that they all have computer files (Big Brother is watching them too!).
Where 50,000 are too poor to buy food the World Bank has rehabilitated over 40 primary healthcare centres. So the health care can guarantee the amount of poor people will reduce: http://www.worldbank.org/en/news/fea...ldova-20-years

In this year’s Moldovan presidential election even a former World Bank economist - Maia Sandu – has tried to get elected. But it was Igor Dodon that won with a landslide: http://www.rferl.org/a/moldovana-fac.../28112323.html

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Old 06-02-2017, 02:42 PM   #9
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Default Tax wall by President Trump

The Trump administration is working very hard to make a wall between the USA and Mexico: not a physical one, but a 20% tax on imports (that only starts with Mexico).
The bankers want us to believe that economics is really difficult. Please don’t think that if you understand the following 7 “steps to damnation”, you’re some kind of genius.

White house press secretary Sean Spicer explained that “right now our country’s policy is to tax exports and let imports flow freely in, which is ridiculous". For once I agree with Spicer: taxes are ridiculous.
According to economic insiders: Spicer is talking about a Border Adjustment Tax (BAT). Trump had previously described this as "too complicated" (but then again: what isn’t "too complicated" for Donald Duck?).
The GOP proposal allows companies to subtract the cost of labour, land and input goods, from the taxed amount. This could be either a scheme to give preferred suppliers the possibility to evade taxes or a ploy to give the USA the authority to spy on what’s happening in other countries (how else can they uphold this?): http://www.businessinsider.com/probl...true&r=US&IR=T

Import taxes will increase the prices in the USA – this is inflation.
According to Michael Gapen, chief economist at Barclays: "We estimate that a 20% border tax could increase year-over-year rates of core inflation by 0.5-1.0 percentage points and reduce real GDP growth by 1.0-1.5 percentage points”.
As a result of inflation, we – the slaves – have to work harder to make ends meet. A fight we cannot win.
Inflation gives the banksters the right to print additional money (the percentage of the inflation); which keeps the inflation perpetual.

According to Donald Trump and his ilk; lower taxes create jobs. That sounds reasonable when we hear this often enough, but this depends (more) on other factors. Now the Trump team tells us that increasing taxes will create jobs. Please don’t ask the president to explain this contradiction, this might be “too complicated”.
According to Michael Gapen a border tax would hamper sales, reduce the GDP (a recession). This means that the import tax would reduce the amount of jobs.
The result of rising inflation and no available jobs (a recession), is that the slaves have no choice, but to join the army.
When you look at world history it’s clear that in the bigger scheme of plans the USA isn’t destined to produce stuff, but to destroy by throwing bombs.
If the atrocities abroad become large enough will the USA look “great” in comparison?

The effect of a 20% import tax is that countries will look for other markets to sell their products (than the USA). This could decrease the trade deficit for the USA, but we really want the third world to work for us, so we want them to export cheaply.
Following the import tax, come the export subsidies (Europe has been doing this for decades). In this way the prices for the products from the third world go down. This will force the third world to sell to the developed world for lower prices.
This crashes the economy of those poor slobs in the third world.

As a result of these schemes the third world cannot make ends meet, and then they have to beg the World Bank and IMF for help.
The mission of these wonderful banks is to preach helping the poor, when in reality they are finishing off their economy. The third world gets deeper and deeper in problems while they also get indebted by the banksters.
Then the foreign investors (the banksters) step in to buy the economy pennies for dollars, to add to their growing world domination.

Higher taxes sound honest: we all have to pay equally for the great “service” of our government. But then comes the kick: all are equal, but some are more equal than others.
The elite use tax exempt NGOs, trust funds and Swiss bank accounts to evade taxes. Corporations can set up mail boxes in the Dutch Antilles or Luxembourg to flee from taxes. As a last resort they can even use their control over politrics to lower their taxes.
Because of the high taxes the small businesses simply disappear, adding to the ever growing monopoly of the elite.

For really philanthropic reasons the developed countries suggest the third world to make Bilateral Investment Treaties (BITs) for lower tax barriers.
This gives multinational to right to sue using Investor-State Dispute Settlement (ISDS). This is arbitration where basically the World Bank decides if a corporation is hampered by some law.
As a result democratically elected parliaments can only change the legislation when allowed by the multinationals. This is: power to the... banksters.
To ensure that this is really democratic: the ISDS provisions are made in secret.

Because of the effective monopolies: the big corporations (controlled by a small group of “investors”) decide where we work, what we wear, hear, eat, drink, and what price we have to pay.
Using BITs and the ISDS the investors force countries to privatise their hospitals. So now the elite have become God: they decide everything, including life and death.

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Old 12-04-2017, 04:10 PM   #10
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Default Yemen

I suspected that the destruction of Yemen has been orchestrated by the terrorist IMF and World Bank: destroying countries under the guise of help: https://forum.davidicke.com/showthread.php?t=316318

The IMF and World Bank have been helping Yemen to destruction since at least the 1990s.
I have found a plan that details the strategy of the IMF and World Bank from 1999 to 2001 for Yemen: https://www.imf.org/external/np/pfp/...en/index.htm#I

First a short summary of this strategy.
The dirt poor Yemen must pay off their “debts” to the banks by increasing tax collection, while at the same time increasing prices. For example in 2005 protests broke out when the Yemeni government guided by the World Bank increased the prices of oil, diesel and gas with respectively 100, 200 and 50 per cent: https://www.dawn.com/news/148827/wb-...riots-in-yemen
Increase the power of the legal system to protect the financial institutions
Decrease subsidy, so what’s left of the economy will collapse, but on the other hand increase the spending for hospitals and education (so that only the good slaves will survive).

Following is my summary of the strategy of IMF and World Bank for Yemen in more detail.
Increase prices
raising subsidized prices despite lower world market prices (also for cereals), thereby significantly reducing subsidies, and by cuts in development expenditure (…)
the intensive civil unrest following the June 1998 increases in administered prices pointed to the need to enhance public awareness of the reform program to ensure that further progress on reforms is not delayed

Increase taxes
the taxpayer identification number system (TIN) will be extended beyond the current range of major taxpayers to medium- and smaller-sized contributors and will be enforced through penalties for non-observance. In addition, the need for computerization to enhance the effectiveness of the TIN's use will be reviewed”.

Reduce subsidies
in January 1999 the government eliminated the wheat subsidy by liberalizing the trading and pricing of wheat--well ahead of the initial target date--and plans to halve the flour subsidy through an increase in price early in 1999. The flour subsidy will be abolished in full by the start of 2001

More hospitals, pharmaceuticals, and schools
GDP for 1999-2001 are to be increased to average 8.2 percent for education, 1.6 percent for health, and 1.2 percent for social safety net programs. In addition, reform programs will be implemented in the education and health sectors to ensure better management of scarce public resources (…)
To support this effort, trade in pharmaceuticals will be delegated to the private sector by eliminating the government procurement monopoly effective by the year 2000

Increase repaying of debts and a strong legal system to protect the banks
The soundness of the banking system is vulnerable because of weak enforcement of prudential regulations, high levels of nonperforming loans in certain (mostly state-owned) banks, and a weak judiciary system (…)
government gives immediate priority to introducing the legal, judiciary, and regulatory framework necessary to establish a free market environment for private sector activity and investment (…)
A new Central Bank Law will soon be approved by the cabinet with the goal to become effective by end-1999. It will give the central bank greater independence and focus its mandate on price stability through changes in the composition of the Board of Directors, allow it to issue its own securities, if needed, for open market operations, limit public sector financing to emergency loans, grant it freedom to define and adopt its own monetary and exchange rate policy, and require greater accountability (…)
Accordingly, the reform program over 1999-2001 will include specific steps aimed at advancing reintermediation in a competitive market environment and in particular to unblock the loan recovery process. Measures such as requiring that all court decisions be made in writing and published promptly, strengthening enforcement through introduction of a bailiff system, establishment of a quantitative system for monthly monitoring of court operations, and reducing the fee for filing a case in court will be considered. The delinquent borrower notification system implemented in 1997 will be continued

And it’s not only the bombing and blockade that finishes the destruction of Yemen.
The situation is in turn used as an argument to stop the “humanitarian” aid to Yemen.
The banks simply block the transfer of money to import food. They don’t even disguise their sick plans!

In July 2016 importers couldn’t import food to Yemen, because more than $260 million of their credit couldn’t be transferred to foreign bank accounts.
In turn the traders must ship the money in cash to the food seller (for example by plane) to purchase food: http://www.reuters.com/article/us-ye...-idUSKCN0ZU0F2

In December 2016 wheat imports to Yemen were simply stopped due to a “crisis” at the Yemen Central Bank. They can’t import because it has “no access to foreign reserves at all”: http://www.reuters.com/article/us-ye...-idUSKBN1450H6
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Old 25-09-2017, 02:29 PM   #11
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Default Philippines

I found this video in the following thread, but I think it’s more relevant in this context: https://forum.davidicke.com/showthread.php?t=317812

John Pilger’s documentary “War by other means” (1992) is about the wonderful efforts in the 1970s and 1980s by the World Bank and IMF to keep the world enslaved in debt.

Here’s a transcript of the video: http://wake-up.acordem.com/blog/26399/
(archived here: http://archive.is/PCucs)

Contrary to the myth, it’s the poor of the world who finance the rich, not the other way around. And this video explains how.
It’s really the continuing colonial war, blatantly ignored by the media. It’s been called a silent war. Instead of soldiers dying, there’re children dying - according to the UN, more than half a million per year.

The IMF and World Bank were setup at the Bretton Woods conference in the US in 1944. The World Bank claimed it would finance the reconstruction of Europe and then develop the third world. In reality they are only promoting the interest of the elite. That was true in the 1970s and even more so in the 1980s.
In the 1980s, the World Bank, IMF, US government and British government would blackmail “developing” countries by refusing “loans”.
Every World Bank official is immune from prosecution anywhere in the world.

The debtor countries have paid more than $1.3 trillion from 1982-1992, and their debt burden has risen by 60% in that period. If we don’t put a stop to this, this could go on forever with the debtor countries paying 12 billion dollars every single month…
In the year 1990 alone, the poor countries transferred more than 6 billion pounds net to British banks. On top of this, the banks were allowed tax relief; from 1987 to 1990, 1.6 billion pounds. About 10 times what the British donated to the third world.
In the 1990s, Britain effectively became the poorest European country. In 1992, 1 in 5 British children lives in poverty.

The documentary puts the Philippines in the spotlight.
In order to eat and feed their family, Eddie and his wife, must work at least 12 hours a day for a little more than 2 pounds. Almost 30% of the children born on smoky mountain do not live to the age of 5.
About one Philippine child dies every hour because of the debt crisis. The Philippines spends almost half its national budget on paying the interest on debt to foreign banks.

The year the World Bank declared the Philippines a special case for development, it lend Dictator Marcos more than 4 billion dollars.
The Philippines used to have more than enough food, but for reasons known, agriculture was structurally adjusted. An example is the Calabarzon super-project, demanded by the IMF, which grows food specifically for the export. The new factories will produce profits for foreigners, and… more debt for the Philippines.
Many farmers will end up homeless on the streets of Manila.

Arguably the most interesting is the nuclear power plant sham. The Philippines had to borrow $2.6 billion from the Export-Import bank to pay the Westinghouse Electric Corporation for the power plant on the Bataan Peninsula, which will never create a single Watt of electricity.
In July 1973, President Ferdinand E. Marcos announced the decision to build a nuclear power plant. In 1974, it was Westinghouse that got the deal by bribing Marcos. According to Filipino lawyers, bankers and Government officials, Dictator Marcos received most of the $80 million in bribes. The payment, first went to Herminio Disini, who laundered the money through Switzerland, and transferred most of it to Marcos.
In 1975, Disini was rewarded for his work, when Marcos issued a secret presidential decree that effectively put Disini's competitor out of business.

The deal was underwritten by the US government through the Export-Import bank and some private banks. The Export-Import bank was founded to help US business overseas, by providing loans.
William Casey, the later director of the CIA, then Director of the Export-Import bank, went to Manila and recommended Congress to give an initial loan so that the other banks would join to provide more loans.
In June 1974, even before Westinghouse had submitted a detailed bid, Secretary of Industry Vincente Paterno, described the Westinghouse deal in a memo to Marcos as “one reactor for the price of two”. It was later discovered that Westinghouse sold similar technology to other countries for only a fraction of the costs it billed the Philippines.

Westinghouse got the deal with an estimate of $500 million, then the project was delayed over and over again, until the price was around $2.2 billion. All things considered the final cost for the Philippines is estimated at $2.6 billion. Of course, the Filipinos have to pay…
After Marcos was overthrown in 1986, President Corazon Aquino declared the Bataan Power Station unsafe and it was closed forever. Later a US judge found evidence of bribery, which was then settled out of court. Westinghouse agreed to pay the Philippines $100 million. As part of the deal (?), the Aquino government then gave Westinghouse another $400 million dollars for further “work”, which were again borrowed from the Export-Import bank and has to be repaid by the Filipinos...
Since Aquino was brought to power, the poverty level was raised by another 10%, to 70% of the Philippine population.

In 1986, several Philippine ministers suggested that the Philippines' $26-billion foreign debt must be lowered. At the time, the government owed $1.2 billion on the Bataan plant project. The biggest creditor is the US Export-Import Bank, which advanced $550 million for the project. Other loans came from a syndicate led by Citicorp and from Swiss and Japanese banks.
In May 2011, it was announced that the plant would be turned into a tourist attraction.

Interest costs for the power plant, in 1986, were $210 million a year; 8% of the Philippines' total foreign debt of $26 billion: http://www.nytimes.com/1986/03/07/wo...ed=all&mcubz=1
(archived here: http://archive.is/ApLT2)
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Old 24-11-2017, 03:20 PM   #12
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The last couple of days, I've been checking if the links in my posts are still up and running. The following links were down...
Here are some "new" links that are active.

Originally Posted by st jimmy View Post
If the EU and the USA sign the TTIP, other areas are excluded and forced to agree on BITs, so the colonial forces can continue to plunder them. According to the following report it can be expected that the economy of South America decreases with 1.5 to 5.6% and Africa with 1.2 to 4% as a result of TTIP: http://www.bfna.org/sites/default/fi...une%202013.pdf
I couldn't find this anymore.
Here’s another report that explains how TTIP will damage the South American economy: https://www.ictsd.org/bridges-news/b...powers-and-the

Originally Posted by st jimmy View Post
Venezuela was also indicted from the Netherlands by oil companies ExxonMobil and ConocoPhillips: [url]http://longreads.oneworld.nl/en/tag/ttip-en/[/url

Originally Posted by st jimmy View Post
On Torijos’ murder there’s much more. Col. Roberto Diaz Herrera on June 8, 1987 said (Herrera was later arrested and also wrote a book): “that Noriega had conspired with Lt. Gen. Wallace Nutting, the chief of the U.S. Army’s Southern Command, based in Panama, “and with the CIA, to plant a bomb aboard the aircraft in which [Noriega's predecessor, and Diaz's cousin] General Torrijos was killed when it crashed in the mountains in 1981"?: http://liesofourtimes.org/?p=298
(archived here: http://archive.is/hs0Vu)

Last edited by st jimmy; 24-11-2017 at 03:35 PM.
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Old 12-08-2018, 04:24 PM   #13
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Default Henry C. Carey – The Slave Trade

I’ve found an interesting book by Henry C. Carey (1793?1879), born in Philadelphia, on how so-called “free races” are enslaved. The strange thing is that it’s from 1853 (165 years old) and most of it is still actual. It really explains why the United Nations, World Bank and IMF were founded.
A lot of it is based on Adam Smith’s views. While Carey pinpoints a lot of strategies used against “us”, some of the solutions he presents miss the mark…

Under the Spanish system, labour is valuable so slaves continue to be imported. Under the English one, labour is valueless and men sell themselves for long years of slavery at the sugar culture in the Mauritius, Jamaica, and in Guiana.
England is engaged in a war against the labour of all other countries employed in other activity than raising raw produce to be sent to England, there to be manufactured into end products at the factories of her millionaires, who have accumulated their vast fortunes at the expense of Ireland, India, Portugal, Turkey, and other countries that have been ruined.
The nation that exports raw produce exhausts its land, and then it must export its men, leaving women and children to perish.

Cotton is produced in countries like India, Egypt, Brazil, the West Indies, and the Southern States of the US. It’s then made into cloth in England and becomes valuable. The trick is to keep the value of the raw material low and the end product high. In this way the rich of England become even richer, while the poor become poorer.
This also shows how deceptive calculations based upon statements on the value of exports and imports are; that always “prove” the growing prosperity of England.
If the people of Cuba, Brazil, India, and other countries produce cloth, iron, and other commodities for which they now depend on Europe, and thus diminish their need to export, it would increase the price of their products while making cloth and iron cheaper. This would make these “third world” countries more “free”.

Ever since India came under English rule, their condition has become hopelessly miserable. Cholera became very common.
The Hindu, like the black, is shut out from the workshop. If he attempts to make cloth, he’s heavily taxed, from which his wealthy English competitor is exempt. His iron ore and his coal must remain in the ground, and if he dares to collect the salt which crystallizes before his door, he is fined and imprisoned.
The sub-renter extorts whatever he thinks the unfortunate borrower could pay, for example 1% interest a week. In this way, no matter how large the crop, the poor borrower will never make a profit.

The very best parts of India were selected for the cultivation of the poppy. If the people refused, they were forced. The same company that forced them to grow opium, forced them to sell it back to them for the price they decided. It was exported to China.
In 1839, the emperor of China finally seized a huge amount of opium to be destroyed. Then Britain started the “opium wars”, to force the Chinese to repay them for the destroyed opium.

Britain calls her opponents “despots”, while the British elite are the real despots.
Portugal, India, Turkey and Ireland yield to the British system, become poorer and weaker every year, and their people more enslaved.
In 1801, the copyright and patent laws of England were extended to Ireland, and publishing books was stopped. As a result Ireland couldn’t compete anymore. Irish workers were forced to go to England looking for a job to pay the rent at home. It is common to blame the rapid growth of population for the poor state of Ireland, but in reality this wasn’t the cause.
The Irish went from being land owners, to tenants. The land passed from many into the hands of the few. In the days of Adam Smith there were 220,000 English land-owners, in 1853 only 80,000 were left, while all the land of Scotland is accumulated in the hands of only 6000 people.

In Britain children were sold. Girls brought the highest price; girls aged 12 to 18 cost $500-800.
The poor enter their children in so-called “burial clubs”. A small sum is paid every year by the parent, and this entitles him to receive a larger sum when the child dies. Many parents enter their children in several clubs. One man in Manchester had his child in 19 different clubs.
Parents are so miserable that they actually kill their helpless little offspring to receive the reward from the “burial clubs”.

In 1825, Germany exported almost 30 million pounds of raw wool to England, where it was subjected to a duty of 12 cents per pound for the privilege of being manufactured into cloth.
Germany, Russia, Spain, Denmark, Belgium, and some other states, are trying to protect their farmers. The King of Prussia tries to strengthen his people by enabling them to find employment, manure for their farms, and strengthens Germany by the formation of a great Union, that gives 30 million people the freedom of internal trade.
In contrast, all the measures of England in India are to enslave a hundred million. Of course Russia and Germany haven’t bothered England anymore since the first and second World Wars…

According to Carey, the way to freedom is increasing the value of labour and land. He proposes to export machines to (for example) Africa to increase the labour “value” of Africans. I don’t agree with these ideas…
The additional profits from using machines go to the same elite that control the manufacture of machines. In the 21th century we have computer technology that has reduced the value of a human to an all-time low…
Increasing the value of land, makes the poor: slaves of (the interest rates of) the banks.

The Hindu sells his cotton for a penny a pound, and buys it back as cloth at 18-20 pence.
The Virginia slave sells tobacco for 6 shillings' worth of commodities, of which he and his owner obtain 3 pence.
The poor Irishman raises chickens which sell in London for shillings, of which he receives a pence.
A pound of sugar which had yielded the “free” black of Jamaica two pence, exchanges in Ireland for 2 chickens or 12 lobsters.
It would be much better if labour and capital would be locally applied, reducing exports. The home trade, instead of import-export would increase prosperity.

Henry C. Carey – The Slave Trade, Domestic and Foreign: why it exists, and how it may be extinguished (1853): https://archive.org/stream/slavetrad...1care_djvu.txt
(or try the PDF version (28 MB): https://ia800603.us.archive.org/6/it...mest01care.pdf)
Do NOT ever read my posts.
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Old 14-08-2018, 03:46 PM   #14
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Default Dutch patent on Ethiopian grain thousands years old

I’ve found an interesting example of “bio-piracy”: the misappropriation of traditional knowledge of indigenous communities for the purpose of seeking exclusive patent ownership over the knowledge.
According to history books, between 4,000 BC and 1,000 BC Ethiopia was the first country to produce teff grain.

In 2005, the Dutch company Health and Performance Food International (HPFI) of Jans Roosjen secured patent rights on teff grain in the Netherlands and later Italy, Britain, Germany, and Austria. These rights will expire in 2024.
In 2007, the company stopped communicating with Ethiopian authorities.

Since then, the Ethiopian Intellectual Property Office (EIPO) has tried in vain to claim the patent right through negotiations, public campaign and “legal means”.
Ethiopia's government finally filed charges at the International Court of Arbitration to get (back?) its patent right for teff grain: https://www.newtimes.co.rw/africa/et...er-teff-patent

Following is a longer story on this clear example of “bio-piracy”:
Teff is becoming quite the health rage, because it’s gluten-free, rich in phosphorous, copper, aluminium, thiamine, protein, amino acids and carbohydrates. Teff is also high in fibres, important in dealing with diabetes.
In Ethiopia, with nearly 90 million people, Teff accounts for about 15% of all calories consumed.

In 2005, Ethiopia agreed on a MOU that stated that this agreement will strengthen the position of Ethiopia as a leading Teff producer.
Requirements for a patent include novelty and an inventive step: http://www.academia.edu/31939275/The...f_Patent_Right

My “logic” tells me that as this grain is thousands of years old, the patent should be rejected.
But I’m no crooked lawyer and have found out the hard way that in our Brave new world the courts protect the big criminals…
Do NOT ever read my posts.
Google and Yahoo wouldn’t block them without a very good reason: https://forum.davidicke.com/showpost...8&postcount=28
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