Why is an economic crash being designed ?

whypatcondellisntfun · 01-08-2008, 02:39 PM

Quote:

Originally Posted by Ea of Dune

To add the the above. Read up on the IMF based out of Washington. They usually step in during economic turmoil where countries go broke and need investment, but they require some pretty austere cuts to public spending and so and so forth.
Unless the IMF upped sticks moved elsewhere and then stepped in before a complete economic collapse happened in the US (i.e. stepped in at the sort of stage South Korea was at or Thailand when the Asian Tigers went through a massive downturn a few years back) then I would envisage the collapse of the USA financially would wipe out the IMF and destroy any power base they had to contiue to force foreign states into a state of servitude to the West (look what happened in the Southern Cone countries in South America and the way it has set back globalisation there).

Ea of dune

I highly recommend 'The Shock Doctrine' by Naomi Klein.

Amazon.co.uk: The Shock Doctrine: The Rise of...

This book has tons of evidence regarding the IMF and how it can only get a country to agree to draconian cuts to public spending and high speed privatisation of national industry which all ensures that in the long term the state suffers because it has sold off the family jewels... an oil industry being the most highly prized for some reason.

The book also directly addresses the Southern Cone countries and on how it was impossible to bring about economic reform democratically in a "slowly but surely" kind of way, but how a "shock" such as coup d'etat was required so that the state could grasp totalitarian power in order to force through the reforms required without consulting the general population.

I think that via the credit crunch we are experiencing one of these "shocks" and it is only to the advantage of economic and political power brokers.

John Connor · 01-08-2008, 03:45 PM

This is all very interesting.

Remember one thing: The dollar is not money. It's an IOU note - a promise to pay.

Ea of Dune · 01-08-2008, 03:47 PM

whatpat..> Yep I've read that book, it is indeed a great read. I would also recommend reading John Perkins book Confessions of an Economic Hit Man:

Amazon.com: Confessions of an Economic Hit Man:...
It gives an eye witness angle on the sort of material Naomi Klein discusses.

From Amazon:

Quote:

Amazon.com
John Perkins started and stopped writing Confessions of an Economic Hit Man four times over 20 years. He says he was threatened and bribed in an effort to kill the project, but after 9/11 he finally decided to go through with this expose of his former professional life. Perkins, a former chief economist at Boston strategic-consulting firm Chas. T. Main, says he was an "economic hit man" for 10 years, helping U.S. intelligence agencies and multinationals cajole and blackmail foreign leaders into serving U.S. foreign policy and awarding lucrative contracts to American business. "Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars," Perkins writes. Confessions of an Economic Hit Man is an extraordinary and gripping tale of intrigue and dark machinations. Think John Le Carré, except it's a true story.
Perkins writes that his economic projections cooked the books Enron-style to convince foreign governments to accept billions of dollars of loans from the World Bank and other institutions to build dams, airports, electric grids, and other infrastructure he knew they couldn't afford. The loans were given on condition that construction and engineering contracts went to U.S. companies. Often, the money would simply be transferred from one bank account in Washington, D.C., to another one in New York or San Francisco. The deals were smoothed over with bribes for foreign officials, but it was the taxpayers in the foreign countries who had to pay back the loans. When their governments couldn't do so, as was often the case, the U.S. or its henchmen at the World Bank or International Monetary Fund would step in and essentially place the country in trusteeship, dictating everything from its spending budget to security agreements and even its United Nations votes. It was, Perkins writes, a clever way for the U.S. to expand its "empire" at the expense of Third World citizens. While at times he seems a little overly focused on conspiracies, perhaps that's not surprising considering the life he's led. --Alex Roslin

Ea of dune

Ea of Dune · 01-08-2008, 03:59 PM

You may also be interested in the following which also shed some light on the topic that the above books adress:

Amazon.com: Failed States: The Abuse of Power and...

Quote:

Starred Review. Forget Iraq and Sudan--America is the foremost failed state, argues the latest polemic from America's most controversial Left intellectual. Chomsky (Imperial Ambitions) contends the U.S. government wallows in lawless military aggression (the Iraq war is merely the latest example); ignores public opinion on everything from global warming to social spending and foreign policy; and jeopardizes domestic security by under-funding homeland defense in favor of tax cuts for the rich and by provoking hatred and instability abroad that may lead to terrorist blowback or nuclear conflict. Ranging haphazardly from the Seminole War forward, Chomsky's jeremiad views American interventionism as a pageant of imperialist power-plays motivated by crass business interests. Disdaining euphemisms, he denounces American "terror" and "war crimes," castigates the public-bamboozling "government-media propaganda campaign" and floats comparisons to Mongols and Nazis. Chomsky's fans will love it, but even mainstream critics are catching up to the substance of his take on Bush Administration policies; meanwhile his uncompromising moral sensibility, icy logic and withering sarcasm remain in a class by themselves. Required reading for every thoughtful citizen.

and

Amazon.com: What Terrorists Want: Understanding...

Quote:

Richardson, executive dean of the Radcliffe Institute for Advanced Study, set out to write a single-volume, nonpartisan explanation of "terrorism in all its complexity." Her reach, however, exceeds her grasp in an evaluation that leans more on theory than practice and is unrelenting in its attack on current policy. In fact, she's certain that the war on terrorism cannot be won and advises that we limit ourselves to "containing the threat." Richardson (When Allies Differ) follows two converging threads: Part I seeks to demystify terrorism; Part II outlines a proper response to the terrorist threat. There is much valuable information, but Richardson is too quick to dismiss or oversimplify issues: "there is no single cause of terrorism"; "efforts to produce a terrorist profile have invariably failed"; and trying to isolate economic causes is "complicated." The author insists that "terrorists are human beings who think like we do," but then dismisses Oklahoma City bomber Timothy McVeigh as "a deranged extremist." In Part II, Richardson dissects U.S. policy since 9/11 and judges it a disaster. The litany of failures is familiar if one-sided: the terrorist threat has been exaggerated, allies alienated, "liberal democratic values" abandoned. Still, Richardson's policy prescriptions, which mirror her criticisms of current policy, deserve a hearing. (Sept. 12)

Ea of dune

whypatcondellisntfun · 01-08-2008, 04:09 PM

Quote:

Originally Posted by Ea of Dune

whatpat..> Yep I've read that book, it is indeed a great read. I would also recommend reading John Perkins book Confessions of an Economic Hit Man:

Amazon.com: Confessions of an Economic Hit Man: John Perkins: Books

It gives an eye witness angle on the sort of material Naomi Klein discusses.

From Amazon:

Ea of dune

Ha. I've read that one too! Must be a few years ago now. Amazing books both of them, but hadn't thought about the 'eye witness' angle of the Perkins one and how it relates to the Klein book.

whypatcondellisntfun · 01-08-2008, 04:17 PM

Quote:

Originally Posted by Ea of Dune

You may also be interested in the following which also shed some light on the topic that the above books adress:

Thanks for those, I'll keep them in mind, I've not read any Chomsky yet and I understand he's a heavyweight.

There is also a book whose name I forget and which has gone missing from my shelf which was written by a former leader of the World Bank or the IMF... I particularly remember one paragraph in which he stated that money was leant to Russia and the funds were traced going into the Russian bank accounts, and then within hours funds were traced leaving those accounts and heading off to private accounts. Of course, Russia denied it was the same money...

Ea of Dune · 01-08-2008, 05:00 PM

Yeah I think if you read the John Perkins book after having read the Klein one you will see what I mean.
Perkins got some criticism for not giving specific projects etc. with regards to his time in South East Asia, however the Shock Doctrine gives us a lot of details on programs etc. that took place down there. So you can see how he would have fitted in as part of the larger project plan.
Chomsky's book also gives an interesting point of view on these types situations as well def worth a read.

I wouldn't be surprised in the slightest, Russia seems to be wallowing in Corruption since the fall of the USSR, they have got one hell of a job off extracting themselves from this problem.
I believe something like 6 million Russians have died in the last 15 years from starvation, poverty and crime.

Ea of dune

01-08-2008, 03:45 PM	#12 (permalink)
John Connor Senior Member Join Date: Jan 2008 Location: Hard Working Families' Socialist Republic of Untied Kingdomistan Posts: 1,054 Party: None	This is all very interesting. Remember one thing: The dollar is not money. It's an IOU note - a promise to pay. __________________ There are three types of people in this world: Libertarians, fascists and those who haven't been paying attention. Users on ignore list: Akria, Besoeker, Clippo, david H, Ian C.

01-08-2008, 05:00 PM	#17 (permalink)
Ea of Dune Senior Member Join Date: Sep 2007 Location: Hell Posts: 1,049	Russia Yeah I think if you read the John Perkins book after having read the Klein one you will see what I mean. Perkins got some criticism for not giving specific projects etc. with regards to his time in South East Asia, however the Shock Doctrine gives us a lot of details on programs etc. that took place down there. So you can see how he would have fitted in as part of the larger project plan. Chomsky's book also gives an interesting point of view on these types situations as well def worth a read. I wouldn't be surprised in the slightest, Russia seems to be wallowing in Corruption since the fall of the USSR, they have got one hell of a job off extracting themselves from this problem. I believe something like 6 million Russians have died in the last 15 years from starvation, poverty and crime. Ea of dune

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