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Old 02-12-2008, 12:43 PM   #1 (permalink)
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Poor Countries Find a Way to Escape U.S Dominance

Chomsky: Poorer Countries Find a Way to Escape U.S. Dominance

"Noam Chomsky is a noted linguist, author, and foreign policy expert. On January 15, Michael Shank interviewed him on the latest developments in U.S. policy toward regional challenges to U.S. power.

Michael Shank: In December 2007, seven South American countries officially launched the Bank of the South in response to growing opposition to the World Bank, the International Monetary Fund and other International Financial Institutions. How important is this shift and will it spur other responses in the developing world? Will it at some point completely undermine the reach of the World Bank and the IMF?
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Old 02-12-2008, 12:44 PM   #2 (permalink)
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Oh no...we are doomed...other countries are going to take care of themselves.
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Old 02-12-2008, 02:00 PM   #3 (permalink)
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Let me know when Africa sends back our $30mil. I want a refund check.
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Old 02-12-2008, 04:02 PM   #4 (permalink)
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the World Bank, the International Monetary Fund and other International Financial Institutions.
Gee I did not know the US Controlled these organizations ....

Global Banking: The Bank for International Settlements

Quote:

Who controls global monetary affairs? The BIS! Based in Basle, Switzerland, the BIS is central bank to central banks. The BIS has greater immunity than a sovereign nation, is accountable to no one, runs global monetary affairs and is privately owned. This is a must-read report to understand the globalization process.

Preface

When David Rockefeller and Zbigniew Brzezinski founded the Trilateral Commission in 1973, the intent was to create a "New International Economic Order" (NIEO). To this end, they brought together 300 elite corporate, political and academic leaders from North America, Japan and Europe.

Few people believed us when we wrote about their nefarious plans back then. Now, we look back and clearly see that they did what they said they were going to do... globalism is upon us like an 8.6 magnitude earthquake.

The question is, "How did they do it?" Keep in mind, they had no public mandate from any country in the world. They didn't have the raw political muscle, especially in democratic countries where voting is allowed. They didn't have global dictatorial powers.

Indeed, how did they do it?

The answer is the Bank for International Settlements (BIS), self-described as the "central bank for central bankers", that controls the vast global banking system with the precision of a Swiss watch.

This report offers a concise summation of BIS history, structure and current activities.

Introduction

The famous currency expert Dr. Franz Pick once stated, "The destiny of the currency is, and always will be, the destiny of a nation."

With the advent of rampant globalization, this concept can certainly be given a global context as well: "The destiny of currencies are, and always will be, the destiny of the world."

Even though the BIS is the oldest international banking operation in the world, it is a low profile organization, shunning all publicity and notoriety. As a result, there is very little critical analysis written about this important financial organization. Further, much of what has been written about it is tainted by its own self-effacing literature.

The BIS can be compared to a stealth bomber. It flies high and fast, is undetected, has a small crew and carries a huge payload. By contrast, however, the bomber answers to a chain of command and must be refueled by outside sources. The BIS, as we shall see, is not accountable to any public authority and operates with complete autonomy and self-sufficiency.
World Bank:

Quote:
World Bank (the Bank), a part of the World Bank Group (WBG), is an internationally supported bank that provides loans to developing countries for development programs with the stated goal of reducing poverty. The World Bank differs from the World Bank Group in that the former comprises only the International Bank for Reconstruction and Development and the International Development Association, while the latter incorporates these entities in addition to three others.[1]

The World Bank was formally established on December 27, 1945, following the ratification of the Bretton Woods agreement. The concept was originally conceived in July 1944 at the United Nations Monetary and Financial Conference. Two years later, the Bank issued its first loan: $250 million to France for post-war reconstruction, the main focus of the Bank's work in the early post-World War II years. Over time, the "development" side of the Bank's work has assumed a larger share of its lending, although it is still involved in post-conflict reconstruction, together with reconstruction after natural disasters, response to humanitarian emergencies and post-conflict rehabilitation needs affecting developing and transition economies.

The World Bank is one of the three Bretton Woods Institutions which were created in 1944 to rebuild the destroyed Europe after World War II. Later, after the economic revival of Europe, the World Bank’s activities became focused on developing countries. By financing infrastructure projects, poverty should be reduced.
IMF:

Quote:

Organization and purpose


The International Monetary Fund (IMF) was conceived in 1945[1], with a goal to stabilize exchange rates and supervise the reconstruction of the world's international payment system. Countries contributed to a pool which could be borrowed from, on a temporary basis, by countries with payment imbalances. (Condon, 2007)

The IMF describes itself as "an organization of 185 countries (Montenegro being the 185th, as of January 18, 2007), working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty". With the exception of North Korea, Cuba, Andorra, Monaco, Liechtenstein, Tuvalu, and Nauru, all UN member states participate directly in the IMF. Some are represented by other member states on a 24-member Executive Board but all member countries are members of the IMF's Board of Governors.[2]

History

The International Monetary Fund was conceived in July 1944, when the representatives of 45 governments met in the town of Bretton Woods, New Hampshire, United States of America, and agreed on a framework for international economic cooperation. The IMF was formally organized on December 27, 1945, when the first 29 countries signed its Articles of Agreement. The statutory purposes of the IMF today are the same as when they were formulated in 1944.
I'll be the 1st one to admit all this seems a bit shady, however it is not controlled by GHW or the US. More of those Globalist / Central Bankers

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Last edited by RadioPatrol : 02-12-2008 at 04:06 PM.
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Old 02-12-2008, 06:31 PM   #5 (permalink)
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Yeah, according to Noam, it's always OUR fault. Actually, the PRC has been deliberately challenging the World Bank the last few years and loaned out more money last year than that organization.
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Old 02-13-2008, 10:13 AM   #6 (permalink)
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As usual Noam Chomski is full of sheet. Just another US bashing Chomski love fest with himself.
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Old 07-19-2008, 02:41 PM   #7 (permalink)
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As usual Noam Chomski is full of sheet. Just another US bashing Chomski love fest with himself.
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Old 07-19-2008, 03:06 PM   #8 (permalink)
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"Noam Chomsky is a noted linguist, author, and foreign policy expert."

Ed
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Old 07-19-2008, 09:42 PM   #9 (permalink)
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"Noam Chomsky is a noted linguist, author, and foreign policy expert."

Ed
They forgot the 'socialist' part.
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Old 07-19-2008, 09:52 PM   #10 (permalink)
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"Noam Chomsky is a noted linguist, author, and foreign policy expert."

Ed
He and Obammy studied foreign policy together.

Now that the poor countries want to get away from us, does that mean all their ex-residents that flocked here will be going home? Can they take anhoyingboy/stool/nonno with them?
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