The Startling Link Between Globalisation and Bank Fraud

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DrKrbyLuv's picture
DrKrbyLuv
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The Startling Link Between Globalisation and Bank Fraud

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As a history buff, I recently started to re-read a book of essays from Zapatista leader Subcomandante Marcos that I read more than 8 years ago. I was struck by the prescience of Subcomandante’s essays. Even when he seemed to offer no predictions for the future, more than a decade later, many of his arguments, though he offered them with Mexico in mind, remain remarkably applicable to the state of the Western financial world today. His following essay, “The Fourth World War Has Begun” originally appeared in Le Monde Diplomatique in September of 1997. It is a critically important essay because 12 years later, the intimate link that Marcos speaks of between globalization and the fraud of our global banking system has now in 2010, washed upon our shores. It is further an important essay because the citizens of many Western nations may soon be engaging in the same morality battles against the financial oligarchs that Marcos has engaged in on behalf of the citizens of his country.

The struggle over [new markets] is leading to a New World War – the Fourth. Like all major conflicts, this war is forcing national states to redefine their identity. The world order seems to have reverted to the earlier epochs of the conquests of America, Africa and Oceania – a strange modernity. The twilight years of the twentieth century bear more of a resemblance to the previous centuries of the barbarism than to the rational futures described in science fiction novels.

Unlike the third world war, in which the conflict between capitalism and socialism took place over a variety of terrains and with varying degrees of intensity, the fourth world war is being conducted between major financial centres in theatres of war that are global in scale and with a level of intensity that is fierce and constant…

Are megalopolises replacing nations? No, or rather not merely that. They are assigning them new functions, new limits and new perspectives. Entire countries are becoming departments of the neoliberal mega-enterprise. Neoliberalism thus produces, on the one hand, destruction and depopulation, and, on the other, the reconstruction and reorganisation of regions and nations.

In this new war, politics, as the organiser of the nation state, no longer exists. Now politics serves solely in order to manage the economy, and politicians are now merely company managers.

The world’s new masters have no need to govern directly. National governments take on the role of running things on their behalf. This is what the new order means - unification of the world into one single market. States are simply enterprises with managers in the guise of governments, and the new regional alliances bear more of a resemblance to shopping malls than political federations.

The progress of the major transnational companies does not necessarily involve the advance of the countries of the developed world. On the contrary, the richer these giant companies become, the more poverty there is in the so-called "wealthy" countries. The gap between rich and poor is enormous: far from decreasing, social inequalities are growing…

One of the lies of neoliberalism is that the economic growth of companies produces employment and a better distribution of wealth. This is untrue. In the same way that the increasing power of a king does not lead to an increase in the power of his subjects (far from it), the absolutism of finance capital does not improve the distribution of wealth, and does not create jobs. In fact its structural consequences are poverty, unemployment and precariousness.

But the nightmare does not end there. Workers are also being forced to accept precarious conditions. Less job security, longer working hours and lower wages: these are the consequences of globalisation in general and the explosion in the service sector in particular.

All this combines to create a specific surplus: an excess of human beings who are useless in terms of the new world order because they do not produce, do not consume, and do not borrow from banks. In short, human beings who are disposable.

The objective of neoliberalism’s migration policy is more to destabilise the world labour market than to put a brake on immigration. The fourth world war - with its mechanisms of destruction/depopulation and reconstruction/reorganisation - involves the displacement of millions of people

Their destiny is to wander the world, carrying the burden of their nightmare with them, so as to constitute a threat to workers who have a job, a scapegoat designed to make people forget their bosses, and to provide a basis for the racism that neoliberalism provokes…

Towards the end of the cold war, capitalism created a new military horror: the neutron bomb, a weapon which destroys life while sparing buildings. But a new wonder has been discovered as the fourth world war unfolds: the finance bomb. Unlike the bombs at Hiroshima and Nagasaki, this new bomb does not simply destroy the polis (in this case, the nation) and bring death, terror and misery to those who live there; it also transforms its target into a piece in the jigsaw puzzle of the process of economic globalisation. The result of the explosion is not a pile of smoking ruins, or thousands of dead bodies, but a neighbourhood added to one of the commercial megalopolis of the new planetary hypermarket, and a labour force which is reshaped to fit in with the new planetary job market.

The European Union is a result of this fourth world war. In Europe globalisation has succeeded in eliminating the frontiers between rival states that had been enemies for centuries, and has forced them to converge towards political union. On the way from the nation state to the European Federation the road will be paved with destruction and ruin, and one of these ruins will be that of European civilisation.

Given the similar nature of Marcos’s numerous essays prior to the one he wrote above, it is no wonder that a Chase Manhattan (now part of JP Morgan Chase) analyst publicly called for the “elimination” of Subcomandante Marcos in a January 1995 memo. When the Chase memo was leaked to the public, many argued, including present day US Representative Marcy Kaptur, that the Chase Manhattan memo was a thinly veiled call for the murder of innocent people: “Suggesting the killing of innocent people, throwing elections—none of this seems to bother Chase... anyone who honestly believed that Wall Street’s hands weren’t all over ... [U.S. policy towards Mexico] should take a good hard look at this memo.” You can access the referenced Chase Manhattan memo here.

People are being programmed and conditioned to accept tyranny through fear and confusion.  Scapegoats are plentiful - incompetent and corrupt politicians, terrorism, Acorn, the left, the right and on and on.  It is working as most people just don't see it though they seem to sense that something is terribly awry.  Unless they see it on television, most are not yet ready to think the unthinkable.

Television isn't needed.  For the past 200+ years, the United States has been under a subversive attack by the international banking cartel.  If you look, you will find many quotes, books and essays warning us of this grand conspiracy to shove us back into the Dark Ages to be ruled and owned as slaves.  You will also find the names and addresses of the "clandestine" groups that form their ruling structure.  For example, the CFR, Trilateral Commission, BIS, IMF, WTO and a biggy, but not the apex, the Bilderberg group.

This doesn't have to happen...it can be stopped if people simply say no.  The hard part is that many voices must say no together.

Larry

strabes's picture
strabes
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Re: The Startling Link Between Globalisation and Bank Fraud

Larry, have you seen swarmusa.com?  It's a group specifically designed to "say no together"...to help establish a unified voice that can't be hijacked by the GOP or Dems.  Nate from the Economic Edge started it.

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Johnny Oxygen
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Re: The Startling Link Between Globalisation and Bank Fraud

One of the lies of neoliberalism is that the economic growth of companies produces employment and a better distribution of wealth. This is untrue. In the same way that the increasing power of a king does not lead to an increase in the power of his subjects (far from it), the absolutism of finance capital does not improve the distribution of wealth, and does not create jobs. In fact its structural consequences are poverty, unemployment and precariousness.

This says it all. Very well put.

Thanks for two great posts Larry.

DrKrbyLuv's picture
DrKrbyLuv
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Re: The Startling Link Between Globalisation and Bank Fraud

Thanks for the nice words Johnny Oxygen.

strabes wrote:

Larry, have you seen swarmusa.com?  It's a group specifically designed to "say no together"...to help establish a unified voice that can't be hijacked by the GOP or Dems.

I had read the essay "The Fallacy of Gold Backed Money" by Bill Still and Nathan Martin but was not familiar with the American Party PAC but will surely look into it. 

I really enjoyed "The Impossible Math of Debt Backed Money… and why we WILL take an Evolutionary Step Forward!" at their site. 

The two papers linked above go a long way to explaining the problems and they are big step in understanding solutions.  While these basic axioms can be proven mathematically and empirically, you won't find them in Austrian or Keynesian economic theories.

Larry

CB's picture
CB
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Re: The Startling Link Between Globalisation and Bank Fraud

A case in point:

http://www.atimes.com/atimes/China_Business/LC11Cb02.html

I would add that in my opinion TPTB are not a monolithic bloc or entity, but a class or group who use the same general means to achieve their ends, but make up a variety of factions that sometimes compete and work at cross purposes. I have been reading a fair amount of colonial history (US) and there are many echos in the current state of affairs.

DrKrbyLuv's picture
DrKrbyLuv
Status: Diamond Member (Offline)
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Posts: 1995
Re: The Startling Link Between Globalisation and Bank Fraud

CB wrote:

I would add that in my opinion TPTB are not a monolithic bloc or entity, but a class or group who use the same general means to achieve their ends, but make up a variety of factions that sometimes compete and work at cross purposes.

CB, I agree with your opinion and the link you provided is a good example.  China is a wild card in the NWO as I think they are intent on keeping their national sovereignty.  Like us, they have an unelected and unaccountable government that ruthlessly rules.  They are communist/capitalists and we are monopoly/capitalists.  Both are variations of feudalism.  

I think we are seeing competition and friction developing between the international banking cartel that rules us and the western world and the new "China bloc."  China is by far the greatest creditor nation which enables them to secure resources and trading partners.  Left unchecked, they will quickly surpass us as the economic super power.

We still have the strongest military and that is quickly becoming the only way to check China.  I think we are moving towards dangerous times where American threats will not be enough to back off competitors.

For example, China is refusing to back Iranian sanctions and this seems to have invigorated Ahmadinejad who said that the U.S. was lying about 9/11.  Coincidentally, from the Washington Post:

"a leading Japanese politician espouses a 9/11 fantasy."  YUKIHISA FUJITA is an influential member of the ruling Democratic Party of Japan. As chief of the DPJ's international department and head of the Research Committee on Foreign Affairs in the upper house of Japan's parliament, to which he was elected in 2007, he is a Brahmin in the foreign policy establishment of Washington's most important East Asian ally. He also seems to think that America's rendering of the events of Sept. 11, 2001, is a gigantic hoax."

It is no secret that Japan may be moving away from the U.S. and the western bloc towards China.  If you were to go back 3 years, I don't think these people would have the guts to say this stuff, even though it is true.  It looks like hostilities could get hot and there may be at least two conflicting forces beginning to collide.

Larry

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