"The Complete Economic Slavery of Humankind" Coming to a Neighborhood Near You!

This may be old news depending on how much you stay current with the economic news. The information here is at least four years old, which is when I wrote this piece. But it may be news to some so I will post it as it provides a decent springboard for where I want to go in the coming posts. What I am going to write about there are the reasons why the world is working as it is—I mean the root causes, meaning the spiritual reasons behind it all, which is the actual bottom line for how this world works. Stay tuned for more...

The Washington Consensus Rapes the World, Including America

In his revealing book Confessions of an Economic Hitman author John Perkins reveals how nations are trapped into debt slavery. The leaders are “convinced,” as in gangster economic practices, to take loans far beyond the ability of the country to repay. When the inevitable becomes apparent and the country is without means to pay a number of concessions are asked for, and granted. The burden is born by the people at large in the form of cuts in education, hospital services, welfare programs, retirement programs, increased prices of necessities and higher taxes. Public utilities are sold for a song and rates go up exponentially. Even with the austerity measures in place there is not enough to pay down and eventually eliminate the loans. They will go on in perpetuity, and the people will remain debts slaves perpetually as well.

This approach was led by the World Bank and International Monetary Fund (IMF) under the ideal of the Washington Consensus.

The consensus included ten broad sets of relatively specific policy recommendations:

1. Fiscal policy discipline, with avoidance of large fiscal deficits relative to GDP;
2. Redirection of public spending from subsidies toward broad-based provision of key pro-growth, pro-poor services like primary education, primary health care and infrastructure investment;
3. Tax reform, broadening the tax base and adopting moderate marginal tax rates;
4. Interest rates dictated by market forces;
5. Competitive exchange rates;
6. Trade liberalization: liberalization of imports, with particular emphasis on elimination of tariffs;
7. Liberalization of inward foreign direct investment;
8. Privatization of state enterprises;
9. Deregulation: abolition of regulations that impede market entry or restrict competition, except for those justified on safety, environmental and consumer protection grounds, and prudential oversight of financial institutions;
10. Legal security for property rights.

Under the IMF jurisdiction, the same “menu” of budgetary austerity, devaluation, trade liberalization and privatization applies simultaneously in more than 150 indebted countries. Debtor nations forego economic sovereignty and control over fiscal and monetary policy, the Central Bank and the Ministry of finance are reorganized, state institutions are undone and an “economic tutelage” is installed. A “parallel government” that bypasses civil society is established by the international financial institutions (IFI). Countries that do not conform to the IMF’s “performance targets” are blacklisted.

When countries are indebted beyond their ability to repay, the loans are restructured, rescheduled and converted according to schemes put forward by the creditors. These schemes are conducive to increasing the debt, but making sure that the interest payments are made promptly. As payments fall behind schedule the international financial institutions oblige them through “loan conditionalities” that redirect their macroeconomic economic policies to favor the interests of commercial creditors and multi-national corporations.

Under WTO rules banks and multinational corporations were able to manipulate market forces leading to the outright colonization of national economies. The WTO articles gave the global banks and multi-national corporations the means to destabilize institutions, drive national producers into bankruptcy and take complete control of entire countries. Leaders of those countries were unable to act without clearing their intentions with the IMF and World Bank.

For an example of what took place everywhere take the case of Peru. After the IMF-World Bank programs were implemented by President Fujimori in August 1990, fuel prices increased 31 times almost overnight, bread prices increased 12 times, while the minimum wage declined by more than 90 percent compared to the mid-70s. Prices were unified and brought up to world levels although wages were as much as 70 times lower in the 3^rd world as in the United States and Western Europe.

Peru is not an isolated case by any means. In his book The Globalization of Poverty and the NewWorld Order economics professor Michel Chossudovsky details how the Washington Consensus was carried out all over the globe in the name of establishing the “global economy.” He was present in Argentina when Pinochet’s coup overthrew the government of Allende and in Chile a few years later almost the exact same circumstances were repeated. Traveling around the world he observed, in country after country, the same effects of the Washington Consensus:

• Somalia: the entire social fabric of the pastoralist economy was undone through duty-free beef and dairy products from the EU.
• Rwanda: the restructuring of the agricultural system let to widespread destitution and genocide.
• Ethiopia: the Structural Adjustment Program led to starvation.
• Bangladesh: a devaluation and price liberalization exacerbated famine. Deregulation of the grain market meant dumping of US grain surpluses.
• Brazil: enhancement of social polarization by supporting the land-owning class.
• India (Andhra Pradesh): repeal of minimum wages and support of caste exploitation
• Yugoslavia: serving the strategic interests of Germany and the US by cutting the financial arteries between Belgrade and the republics.
• Korea, Thailand, Indonesia: the vaults of the central banks (US$100 billion) were pillaged by international speculators.

We need only look at the results of several decades of “help” by the World Bank to understand what has been going on. In 1970 developing countries had US$62 billion in outstanding long-term debt. By 1980 it had increased seven-fold to $481 billion, by 1998 another several decades later the debt stood close to $2 Trillion, up 32-fold compared to 1970. This is nothing but load-sharking. It is economic colonialism to replace the old fashioned kind where one had to actually live in the conquered land and subdue the natives. Now they are subdued by economic forces—a lot less toil for the overlords, and they needn’t get their hands dirty. And they needn’t even bother with their own “home” country since they are islands unto themselves. Suck the wealth out of them too!

The same IMF policies were applied in more than 150 developing countries creating poverty and dependence.

You heard the heads of state all calling for a New World Order after the crash of ’08 didn’t you? (if not read this). Let’s be clear about this: the NWO is nothing more than economic slavery! And all the heads of state are in on the action, including the pope.

What are the countries, er, excuse me, states, as they are now called since we already have a global government...what states are not counted among those 150? Yes, the so-called first world nations, the ones being brought to heal right now—Europe and America. Although the apparent cause is different the result is the same—wealth is being sucked out of the pockets of every human being and being given—not to the banks—but to the people behind the banks that you will never see.

Let’s be clear about this, the economic problems in Europe and America are deliberately being created the same way that they were in the rest of the world, and for the same purpose—to enslave us. People are looking for the silver lining to this dark cloud, but it’s not going to be found. In fact, this cloud is going to get darker and darker until the world controllers get what they want—absolute control over everything and everybody!

Or...

Or until the people stop playing their game. They have created the game of money, and everybody has to play. The rules are simple: the bankers win and the people lose. And guess what? That’s what happens again, and again, and again, and again. Every generation buys into the same lames excuses: it’s the market’s, it’s the wages, it’s the exchange rates, it’s this and that...Bunk. The game is rigged. Did you see George Carlin explain it? In his usual direct and profane way he tells it like it is. I hope your offended by watching this. Not by George Carlin, but by the status quo that does to you exactly what he says they do. If so maybe you will start doing something different!

For example, stop playing their game of money! Instead play a different game based on different rules that prevents them from making us slaves. It’s called a gift economy. Most people can't do that because they are too envious of others to give to them, and that envy is being used to enslave them! Their own weaknesses are being used against them. Get Up! Stop being a moral weakling. Get some backbone so that we can stop being slaves. If we stop using their money, and stop playing their game, they will have no way to control us.