Obama Visit . . . Some Afterthoughts

obama photo

I started off my last piece by stating how ashamed I was at being British these days. That our Prime Minister has found it necessary to beg for the assistance of the American President (amongst others) to argue his case for remaining in the EU, because he now has no credibility whatsoever with his own people, is humiliating in the extreme.

Brussels too, is losing credibility with the British people (and the Europeans for that matter) and hence unelected technocrats begging him to come over and argue their corner as well.

So much for modern leadership and government!

Instead of inspiring speeches we were treated to subtle threats. I thought we had been told we had a ‘special relationship’ with the US. What would have happened if that did not exist . . . Oh wait a minute, Libya, Syria, Iraq, Afghanistan. Or maybe regime change, as is currently going on in Brazil. (Nearly happened in the UK after the CIA leaked the Panama Papers!)

Given this, I find myself questioning the credibility of the current leader of the birthplace of Neoliberalism, whose political agenda is evidenced in the country’s biggest debt mountain, achieved from the immorality of student loans. What is so reprehensible about this government sponsored lending is that a third of these youngsters cannot now repay those loans . . . we’re talking a trillion dollars of debt here!

Then we have the startling news this week that 1 in 5 US families have nobody working to put food on the table. Worse still the Federal Reserve has disclosed that 47% of all Americans would be unable to find just $400 without selling something, if an emergency occurred. The deadly result of Neoliberal policies that have exported so many US jobs abroad, whilst holding wages down to compete.

The US economy is in far worse shape than the media would have us believe, as corporate bankruptcies continue to escalate, caused by issuing trillions of dollars of debt to artificially hold up share prices in a huge Ponzi scheme that can only result in financial Armageddon.

Freedom of speech is also questionable in the US, as protestors, (it doesn’t matter where or what they are protesting), are commonly dealt with by violent police action or incarceration and sometimes fatality.

With these credentials, rather than being seduced into staying in the EU I feel we have been given “an offer we can’t refuse!” Much has been reported about us “getting to the back of the queue” for trade deals. If TTIP is the deal, we already know what our answer is. (Both Obama and Merkel say the pact will provide a shot in the arm to Western economies . . . how would we know, it’s so secret . . . more like another “offer we can’t refuse”!)

I don’t know about you but I feel we are being treated just like the people of Greece. Step out of line and you will get a slap! Democratic process . . . forget about it!

After the newly elected Greek government held a referendum, the results of which were ignored by the US backed Troika, unelected technocrats were installed to run the country and ensure interest payments on loans got priority over everything, including the people’s welfare.

Not only that but the terms of the new loans were even more punitive, as a Neoliberal ‘slap’ for stepping out of line.  (Remember also that the US backed former government shied away from a referendum after the IMF gave them a call, hence the election.)

It was the same with Cuba. Here the people revolted in 1959 and installed a communist regime. The US response has now become predictable. Break off diplomatic ties and commence covert operations to topple the regime and install their own puppet government.

In the case of Cuba, the people resisted, not just for a month or two but right up until 2015. The US worked out their tactics were going nowhere and eventually restored diplomatic relations, as well as now looking to lift trade embargoes. Is this what Greece can look forward to?

(Wasn’t it interesting how, after Obama’s official visit to Cuba, our very own Rolling Stones also visited and held a free concert to which 500,000 excited Cubans attended. “Upstaged” was a word I saw in one report. ‘Excited’ was not a word I saw used to describe Obama’s visit.)

Was Obama’s UK visit a warning shot across the bows? No meaningful observations. Silence also about TTIP and the frightening mess Europe in now in, with US style debt and immigration problems (which they deal with in their own country with barbed wire and military guards the length of the Mexican border).

The UK is not a poor nation, like Cuba or Greece but the world’s fifth largest economy on whom other countries, like the US and EU rely for trading support. Threatening to take away our powers could, I would have thought, sent us into the arms of the rising BRICS group.

Here lies the Pentagons greatest nightmare. This powerful group of countries are looking to introduce their own monetary system later this year, backed by gold, rather than created out of thin air by financier backed government decree. When the existing fiscal Ponzi scheme ultimately collapses where will countries go for financial stability . . . You decide.

In our referendum debate, we’ve already had the ‘financial assault’ by the supposedly unbiased IMF and our very own Bank of England. Obama’s visit was to remind us of their other might, as an integral part of the Rothschild’s/US pact to seek global dominance.

There is no doubt, with the US fronting up to China and Russia in ever more belligerent terms, Europe is a strategic centre of critical military importance to both sides. And with the youth of this area jobless, there is a ready source of recruits to rapidly build a European army, something the US is dedicated to enacting.

Our referendum really isn’t just about ‘In/Out’, I would suggest but rather our attempted salvation from ‘debt drowning’ Neoliberal domination. It is the root cause of growing global unrest, from low wages, unemployment, eroding democracy and escalating immigration, to producing an ever increasing gap between rich and poor.

Interesting times my friends and much to weigh up as we read between the lines.

Until the next time

Thinking from his Book: Global Magna Carta. Returning Power to the 99% . . . If They Want It! By J T Coombes