whistleblower World Bank - our borders our infrastructure

**xanadu** · 11-23-2006, 09:45 AM

http://members.shaw.ca/theultimatesc...20Stiglitz.htm

This is why our borders will not be closed. It doesn't solve the problem but identifies what is really occuring. If you know the enemy then you can effectively disarm them (I hope) and force our government to close those borders.

To quote a very dear and VALUED member of Alipac (CrocketsGhost) "Nothing is done that Cannot be UNdone." I sure hope he is right.

WHO IS JOE STIGLITZ
The Real Motives of the World Bank and the IMF

Condensed from an interview by Greg Palast

As a former member of Bill Clinton's cabinet as Chairman of the President's council of economic advisors and the former chief economist for the World Bank, Joe Stiglitz had access to information, which was not available to outsiders. The World Bank fired Joe Stiglitz in 1999 for his apparent dissent of the bank’s economic policies on globalization. He had come to realize that the political ideology of his employer had gone rotten and he was now ready to “spill the beans” regarding some of the bank’s dubious activities. The word is that he was not allowed to go quietly into the night as US Treasury Secretary, Larry Summers, was demanding a public excommunication of Mr. Stiglitz for having made his views known to the public. (my insert: US Treasury Secretary is NOT a paid office in our government despite what the name implies.)

In a recent interview with The London Observer and BBC TV’s Newsnight, some of the real, often hidden workings of the IMF, World Bank, and the bank’s 51% owner, the US Treasury were revealed. Also, documents marked “confidential”, “restricted”, and “ not otherwise (to be) disclosed without World Bank authorization were brought to light. One such document entitled “Country Assistance Strategy” outlined the assistance strategy for every poor nation, designed, says the World Bank, after a careful, in-country investigation. But, according to insider Stiglitz, the bank’s staff “investigation” consisted of a close inspection of each nation’s five-star hotels. It ends with the Bank’s staff meeting some begging, pleading finance minister who is handed a “restructuring agreement” pre-drafted for his “voluntary” signature. Each nation’s economy is individually analyzed, then, says Stiglitz, the bank hands every minister the same, exact four-step program.

Step One is Privatization – which Stiglitz says could be more accurately labeled “briberization”. National leaders, using the World Bank’s demands to silence the local critics – happily flogged their electricity and water companies for a 10% commission to be paid into a Swiss bank account for simply shaving a few billion off the sale price of their national assets. (Control ends up in the hands of a few and, ultimately, the monopolization of these essential assets leads to higher costs for consumers.)

Step Two of the “rescue” plan is “Capital Market Liberalization”. In theory, capital market deregulation allows investment capital to flow in and out. Unfortunately, as in Indonesia and Brazil, the money simply flowed out and out. Stiglitz calls this the “Hot Money” cycle as cash comes in for speculation in real estate and currency, and then flees at the first sign of trouble. A nation’s reserves can drain in days or hours and when that happens, to seduce speculators into returning a nation’s own capital funds, the IMF demands these nations raise interest rates to 30%, 50% or more. The results are predictable, demolished property values, crippled industrial production and empty national treasuries. [quote:rcm0414r] my insert:("A nation’s reserves can drain in days or hours" The U.S. Ecomony has been through this multiple times... anyone remember 1979? or 1991?)I will post the url for my previous post of Congressional Record Restructuring 1997 Section B Sovereignty in an edit.

At this point, the IMF drags the gasping nation to Step Three; Market Based Pricing, a fancy term for raising prices on food, water, and other essentials. This leads, predictably, to Step Three and a Half, what Stiglitz calls the IMF riot.

When a nation is “down and out, the IMF takes advantage and squeezes the last pound of flesh out of them. They turn up the heat until the whole cauldron blows up,” as when the IMF eliminated food and fuel subsidies for the poor in Indonesia in 1998. The people rioted, but there were other examples – the Bolivian riots over water prices in 2000 and this February (2001), the riots in Ecuador over this rise in cooking gas prices imposed by the World Bank. (It is almost as though the riots were part of the plan)

One such “plan”, the “Interim Country Assistance Strategy” for Ecuador stated with cold accuracy that “social unrest” was expected. The secret report notes that the plan to make the US dollar Ecuador’s national currency has pushed 51% of the population below the poverty line. The World Bank “Assistance” plan simply calls for facing down civil strife and suffering with “political resolve” – and still higher prices.

The IMF riots cause more panic and the flight of capital out of the countries and the ultimate bankruptcy of governments. (Look at recent events in Argentina). Foreign corporations also take advantage of these situations by buying up remaining assets at fire sale prices.

A pattern soon emerges. There are lots of losers and one clear winner, the Western banks and the US Treasury making big bucks off this crafty international scam. Stiglitz told a story of his early days at the World Bank. He met with Ethiopia’s newly elected president and the World Bank and the IMF had ordered Ethiopia to divert aid money to its reserve account at the US Treasury which, pays a pitiful 4% return, while the nation borrowed US dollars at 12% to feed its population. The new president begged Stiglitz to let him use the aid money to rebuild the nation, but no, the loot went straight off to the US Treasury’s vault in Washington.

Now Step Four of what the IMF and the World Bank call their “poverty reduction strategy.” Free Trade as designed by the WTO and the World Bank. Europeans and Americans are kicking down the barriers to sales in Asia, Latin America and Africa, while barricading their own markets against Third World agriculture. In the past, the West used military blockades to force open markets. Today, the World Bank can order a financial blockade, which is just as effective – and sometimes just as deadly.

Stiglitz is particularly annoyed over the WTO’s intellectual property rights treaty, which, he says, condemns the people to death by imposing impossible tariffs and tributes to pay pharmaceutical companies for branded medicines. “They don’t care if the people live or die.”

The IMF, World Bank and the WTO are interchangeable masks of a singled governance system. They have locked themselves together by what are called “triggers.” Taking a World Bank loan for a school “triggers” a requirement to accept every “conditionality” – they average 111 per nation – laid down by both the World Bank and the IMF. In fact, Stiglitz says the IMF requires nations to accept trade policies more punitive than the official WTO rules.

(Insert from me: The 111 requirement they are referring to is collateralization of infrastructure. This includes water resources, railroads, ports etc. of a nation which is later forfeited for non payment and sold at pennies on the dollar to foreign investors and ultimately forfeiture of the nation's sovereignty. Please refer to the post of the congressional record Section B United States sovereignty. )

Stiglitz says that World Bank plans are devised in secrecy and driven by an absolutist ideology and are never open for discourse or dissent. Despite the West’s push for elections throughout the developing world, the so-called “Poverty Reductions Programs undermine democracy.” These programs simply don’t work. Black Africa’s productivity under the guiding hand of the IMF “structural assistance” has gone to hell in a handbag. Only one nation has managed to avoid a similar fate. Botswana told the IMF to “take a hike”.

According to Dr. John Coleman, former MI 6 agent in Britain, the international bankers met in Williamsburg, Va. in 1983 to work out a strategy to prepare the United States for a total disintegration of its banking system. This planned event, The Ditchley Plan, was to stampede the U.S. Senate into accepting control of the monetary and fiscal policies of the IMF and World Bank. The plan called for the IMF and the World Bank influence to be broadened so that it could influence Central Banks of all nations including the U.S. and Canada (See Bank of Canada) and guide them into the hands of a One World Government Bank.

Reading this revealing testimony and looking at what is happening in Canada, one has to wonder if the same fate awaits us. The pressure is on to privatize, our social programs are in a mess, our dollar is being purposely driven into the tank and our economy is hanging on by a thread. The so-called free trade agreements are showing themselves to be anything but free or fair and the nation’s debt continues to grow as more and more of our citizens slip under the poverty line. Canada is falling prey to this monster and we better take notice before it is too late, otherwise, we will experience what many of these other third world countries are going through at present. Since the first free trade agreement in 1988, over 15,000 Canadian businesses have fallen under foreign ownership. Companies like Bauer Sports, Cooper Sports, MacMillen Bloedel, West Kootenay Power, Shopper's Drug Mart, Tim Horton's, Gulf Canada Resources Ltd, Laura Secord, Anderson Exploration, Hunter Exploration, Club Monaco Inc., and many, many others. Even CN Rail is majority owned by Americans. Could CP Rail be next?? Over one half of our oil and gas industry is under foreign ownership and control. We are losing our country and we are letting it happen under our very noses. One day we will all wake up and discover we have nothing but a shell of a country, virtually worthless and meaningless.[/quote:rcm0414r]

I am going to ask Crocket to comment on the reference to "U.S. Treasury" in this article. The Secretary of the Treasury is NOT a member of our government but in fact the more or less CEO of the Federal Reserve. Maybe Crocket can expand on this and clarify positions of these agencies.

Also this reporter states Stiglitz was fired. Stiglitz says it was by mutual agreement since he criticized their motives openly.

So Crocket how we gonna fix this? Its fraud. Its RICO time. What court?

Here's the congressional record of the 1997 Restructuring Act... a review of what the United Nations had not yet executed with regard to Sovereignty of the United States.http://www.alipac.us/modules.php?nam...hlight=#197999

**CrocketsGhost** · 11-23-2006, 10:09 PM

You are correct that the Sec. of the Treasury is not an actual official of our government any more than the IRS is an agency of it (a handy guide to recognizing private or semi-private quasi-governmental agencies is that they are not called departments or bureaus, but rather "services" - the semi-private Postal Service and the Internal Revenue Service are two examples).

This collateralization of public property and resources is already occurring in the US, with privatization of ports and toll roads, for example, which are then run and profited from by foreign fronts for international banking cartels.

How do we stop it? We have to elect a Congress that has the will to stop it. There are two ways to resolve this nation's debt crisis. One is to accept the fraudulent tactics of the foreign banks and dutifully hand over one after another asset until we are literally serfs on foreign-owned soil that once belonged to our fathers. The other is to openly challenge the fraud, which is a piece of cake for anyone who has the courage and will to do it, and to nationalize the ill-gotten gains of these thieves. The first step to accomplishing this is regaining control of our elected offices. The next step is to use the power of the elected offices to purge the agents of the thieves from appointed office. the next is to go back and strike down laws and agreements we have been forced into by the fraud and to rewrite code and laws to conform to the limits set forth by the compact between We the People and our government. No, it's not a silver bullet. Fixing this problem will require resolve and sustained systematic action.

**xanadu** · 11-23-2006, 11:39 PM

One is to accept the fraudulent tactics of the foreign banks and dutifully hand over one after another asset until we are literally serfs on foreign-owned soil that once belonged to our fathers.

For me personally this is not an option. I will not accept it period end of discussion.

The other is to openly challenge the fraud,

Are you saying write your current congress critter and confront him/her with the truth? I've started that letter a dozen times. Anger gets in the way.

The first step to accomplishing this is regaining control of our elected offices.

What about the fraudulent voting process? Do we push that issue simultaneously?

The next step is to use the power of the elected offices to purge the agents of the thieves from appointed office.

Investigations and impeachments? What if the culprit is the head of the committee? Private investigations leading to lawsuits?

rewrite code and laws to conform to the limits set forth by the compact between We the People and our government.

I've already been on that with an itemized "the following unconstitutional legislation MUST be repealed" letters. (they probably hit the waste basket)

Fixing this problem will require resolve and sustained systematic action.

I've been more than ready just need a path and process to follow.

thanks Crocket

**CrocketsGhost** · 11-23-2006, 11:54 PM