Category Archives: A Complete Overhaul of Money Supply

Core Belief 9: A Complete Overhaul of Money Supply – Barter and Trade are fundamental to our species and all money, or any of its derivatives shall in future, be regulated in such a way as to never again enslave humanity in debt.

‘Austerity’ . . . This Will Kill it!

Are we now seeing the beginnings of the destruction of the financial and corporate world as we know it? If this month’s Finance and Development report from the IMF, no less, is anything to go by, with its headline “Neoliberalism: Oversold”, the writing is certainly on the wall.

Before I go any further let me just offer a couple of official definitions of Neoliberalism so that we are all singing from the same hymn sheet.

  1. A modern politico-economic theory favouring free trade, privatisation, minimal government intervention in business, reduced public expenditure on social services etc. Collins Dictionary
  2. Neoliberalism is a policy model of social studies and economics that transfers control of economic factors to the private sector from the public sector. Investopedia.com

Over the last 30 years or so it has become very noticeable how there has been a gradual erosion of democracy, countered by an escalation in corporate power and unregulated abuse which caused the financial collapse of 2008 and continues unchanged to this day.

Interspersed with this we have been assaulted by ‘Austerity’ measures across the globe and which, it has become increasingly clear, are a device to sell off public assets at a discount to the private sector.

In addition, there has been an escalation in debt originated money supply that has placed governments in varying positions of obligation to financiers. Because of this ‘obligation’, lenders have not only demanded ‘Austerity’ but also increasingly violated the democratic process by ‘quietly demanding that governments go against, or ignore, the wishes of the people.

Both of these abuses were particularly evident in the case of Greek debt. Here a (newly elected) government referendum against continued ‘Austerity’ measures was not only ignored but harsher terms were inflicted, in what appears to be a punishment and to deter any repeat of such action in other debtor countries in the EU and elsewhere.

We have also seen public outrage and demonstration against the odious TTIP agreement, Fracking and in the UK the gradual destruction/privatisation of the NHS. These actions have been equally rigorously ignored/defended by governments and the non-elected technocrats in Brussels, showing a complete contempt for the people who actually pay their wages and expenses.

All of the above, plus a whole lot more, can be laid fair and square at the feet of the application of Neoliberal doctrines, as time is now showing. What time is also demonstrating is that they don’t work and are simply benefitting the already rich, by increasing their wealth exponentially at the expense of the many.

The bombshell this week is that the IMF experts, in the shape of Jonathan D. Ostry, Prakash Loungani and Davide Furceri, are actually confirming what we already know. I quote from the heading of their report

“Instead of delivering growth,

some neoliberal policies have increased inequality,

in turn jeopardizing durable expansion”

The paper goes on to say:

“Austerity policies not only generate substantial welfare costs due to supply-side channels, they also hurt demand—and thus worsen employment and unemployment.”

These findings suggest a need for a more nuanced view of what the neoliberal agenda is likely to be able to achieve. The IMF, which oversees the international monetary system, has been at the forefront of this reconsideration. ­

OR, to you and me . . . they got it badly wrong!

It explains why the IMF Managing Director, Christine Lagarde, is at loggerheads with German banks over Greek debt. The banks want blood from Greece and the IMF are now recognising this will not work and will jeopardise the standing of themselves and Brussels. It could also be another nail in the coffin of this currently disintegrating project that is the EU.

(Even President Obama is now backing Social Security programmes he was previously against for the American people.)

And if that wasn’t enough, according to Zero Hedge Euro-Area manufacturing is near stagnation, damping confidence in the strength of the regions recovery.

The cracks are beginning to appear in the established and very abusive order of things, if the perpetrators are now publicly admitting there is a problem of their own making. We are talking here of fundamental beliefs that have dictated how governments rule and what place, if any, democracy plays in the process.

Millions of people are homeless and struggling to feed themselves, some so overwhelmed by what they have been made to face that they have committed the tragedy of suicide. That the civilised world has been taken to this place is a lesson for us all.

The values demanded by ‘the people’ are the correct moral values for Society because it is the majority who are expounding them. The minority view can only ever be the view of vested interest, as this paper has identified and the IMF are to be respected for allowing it to be published. If it were Brussels it would have been sat on!

So my friends, where do we go from here? As you know my mantra is “Awareness breeds understanding and understanding breeds change”. There can be no way forward with ‘Austerity’ after this damning report.

Any government who continues to pursue these measures should be ousted from power as totally lacking in credibility and care for the people who have placed their trust in its leadership. And that goes for Brussels as well!

Until the next time

 

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

Panama . . . Manipulative Genius

Panama photo

In my last piece on this subject I postulated that this particular leak seemed different to other major leaks, like the Snowden revelations, because it somehow lacked focus.

Since the leak hit the global media we have been treated to a wide ranging variety of stories as to its purpose. These include the desire to blackmail world leaders and corporations, with the seeming exception of those from the US. Credible, if the almost immediate resignation of the Icelandic Prime Minister was anything to go by.

Then there was the assault on both Russia and China by the Guardian, along with revelations which have also affected the remaining members of the BRICS group – India, Brazil and South Africa – seen by the US as a serious threat to its global dominance, particularly now they are launching their own banking system.

It was then suggested that these leaks are part of a long term strategy to assist the Rothschild’s and the US to implement a single world currency. Only a few short years ago this would have been labelled ‘conspiracy theory’ but today less so, as more comes into the open about how the world is being run.

A new revelation has since come from Ellen Brown, someone who has fought the corner for Public Banking for years and for whom I have enormous respect. The Panama Papers, she argues, are another front in the move to eradicate cash and turn all currencies and money digital.

This will then give the Neoliberal cause complete control over a Society no longer able to preserve its financial independence and privacy and therefore subjected to absolute control over access to personal finance.

Ellen’s suggestion has a ring of truth to it. By leaking the dastardly tax havens and the people using them there is now a political momentum to score much needed brownie points by closing them down and taking us one step closer to the abolition of cash.

That is, all of them except those now operating in Nevada in the US, to which the Rothschild’s are but one financial manager secretly moving their clients’ money from elsewhere in the world to this new tax haven!

Given the trillions of dollars involved, this vast influx of funds would certainly boost the dollar’s value and concentrate the single biggest hoard of cash in one place . . . the US. It would then be an easy job to trap and eradicate a sizeable chunk of cash in one simple enactment of legislation.

However, we must not overlook the reason these tax havens came into being. It was John D Rockefeller who first used Panama, in the 1920’s, specifically to benefit his vast oil business. It had nothing to do with money laundering per se but rather to do with ‘profit laundering’.

He would buy oil from Saudi Arabia or elsewhere and sell it to his own tanker company, (whose fleet was registered in Panama), at a very low price.  With such a low price, little profit is made on this first transaction and therefore little or no tax is payable to government.

The tanker company then sell the oil (out of their tankers) to distributors in the US or Europe at a very very high price. With the ships being registered in Panama no tax is payable on the vast profit realised from this financial jiggery pokery.

So in essence, Panama was set up to register oil tankers and mineral ships in order to make the ships themselves ‘tax free profit centres’ for the oil and minerals they transported from third world countries and the like, to the US and Europe.

(That the IMF have just come out and stated “the world’s financial regulators had long been “alarmed” about Panama’s lax approach to taxation and corruption but failed to take action” I think we can all take with a HUGE pinch of salt!)

Closing this loophole would upset a very powerful lobby indeed and so one wonders, in amongst all of the seeming contradictory stories, what the hell is going on and who is telling the truth?

For me THEY ALL ARE!

It is a stroke of sheer genius by the CIA (who are credited with the leak, according to another report). In one fell swoop they have achieved several mighty objectives for the Neoliberal cause.

Firstly, they have scared the hell out of the wealthy and powerful around the world by attacking the heart of their wealth. Secondly, they have created the need for those wealthy to move their money to the US.

Third, they have diverted global attention with propaganda at its most sophisticated which, like Terrorism, holds our attention for a while by the sheer enormity of its outrageous behaviour.

In the meantime, the Neoliberal cause is furthered by slipping in legislation (TTIP) and ‘Austerity’ measures that can only benefit the rich, whilst tightening control over Society by constantly removing their democratic rights.

I cannot for one minute believe the end result of this attack on tax evasion will come to any good. Once our attention has been again diverted by some equally headline grabbing disclosure, the tanker companies, in particular, will remain ‘profit centres’ and the dismantling of cash will continue.

The only fly in the ointment at present is our own Prime Minister, ‘Dodgy’ Dave Cameron, who has become embroiled in the tax avoidance scandal and this could harm his efforts to coerce us to remaining in the EU, with his equally dodgy referendum.

That his mate, Barak Obama, is coming to his aid with a personal appearance in the UK to make an impassioned plea for us to ‘Remain’, speaks volumes about just how worried the financiers are.

Let us not forget, this is the same Barak Obama who, for the whole of his two terms in office, has been negotiating and pushing through, in secret, the most evil of trade agreements that will take the unprecedented step of handing the democratic rights of the people over to the corporate world.

The sheer manipulative genius with which our attention is being diverted and confusion manifested, whilst the Neoliberal agenda is furthered demands respect, if it were not so loathsome in its attack upon the hard working people of the world.

They are already paying more than their fair share towards Society’s infrastructures of Health and Education etc., something the rich are able to constantly avoid.

The 99% don’t have any options when it comes to paying their taxes. It is stolen out of their pay packets and then used to subsidise the rich, supported by an eroding democracy which gives them less and less say in the matter.

Awareness breeds understanding and understanding breeds change.

Until the next time.

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