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Re: William Engdahl - A Century of War

Post by Firestarter » Sun Nov 25, 2018 4:39 pm

On 4 November, I ordered (a paper version of) the book by William Engdahl from (maybe the biggest online shop in the Netherlands). On 10 November, I was informed that the book was delivered, and I had to pay within 2 weeks.
On 19 November the book was still not delivered, so I logged in to complain. This wasn’t the first time that something goes wrong when I order something from
I first got asked for the Order nr. The previous times that I complained, this wasn’t asked. Then I got the bizarre question for my emailadress, the third time this was explained “for verification” (I was logged in with my emailadress!).
Then they even got rude, insisting that the book had been delivered according to the “Track & Trace code” and demanding that I contact my neighbours. After the third time of this demand, I asked for the “Track & Trace code” and then immediately was asked if I would like to order the book again. After my third request for the “Track & Trace code”, it was finally given. When I looked it up on it wasn’t found.
I asked to cancel the payment order, to which I got answered that this isn’t possible. On my insisting that the book wasn’t delivered, I was asked if I want it “afboeken”, to which I answered “yes” (I’m not sure what this means).

In this post I’ll finish my summary of Engdahl’s excellent book on some of the wondeful work by the IMF in the 1990s....

Destroying Asia’s tigers
The G-7 meeting in September 1985 at the Plaza Hotel was designed to bring the overvalued dollar down to manageable levels. The Bank of Japan, at the request of Washington, cut interest rates down to 2.5% in 1987, where it remained until May 1989. At first, instead of more Japanese purchases of US goods, investors won big on the rising Nikkei stock market, creating a colossal bubble, also of real estate prices. Stock prices rose at least 40% annually, while real-estate prices in and around Tokyo ballooned with an increase of around 90%.
After the yen rose from 250 to only 149 yen to a dollar, Japanese capital flowed into US real estate, US government bonds and US stocks, thereby aiding the presidential election of George H.W. Bush.

In 1988, the world’s greatest stock and real-estate bubble had been created with the Nikkei index rising 300% in only 3 years since the Plaza accord. The nominal value of all stocks listed on the Nikkei stock exchange accounted for more than 42% of the world stock value!
The major Wall Street investment banks, led by Morgan Stanley and Salomon Bros., used exotic new derivatives and financial instruments to turn the decline of the Tokyo market into a near panic sell-off, as the Wall Street bankers made a killing by put options in Nikkei stocks. By March 1990, the Nikkei had lost 23%, more than $1 trillion from its peak, within months, Japanese stocks had declined nearly $5 trillion.

East Asia had been built up during the 1970s and especially the 1980s by Japanese state development aid, large private investments and MITI support. In east Asia during the 1980s, a high worker productivity and economic growth rates of 7–8% per year were normal, leading to an overall rise in the standard of living in Asia.
In January 1990, Japan’s Prime Minister Kaifu travelled to West Europe, Poland and Hungary, to discuss the economic development of the former communist countries of East Europe. In early 1990, President Bush Sr sent defense secretary Dick Cheney to Tokyo to “discuss” drastic US troop reductions in a thinly disguised form of blackmail.

Now the countries in East Asia were told to open their markets to foreign capital flows and short-term foreign lending. Between 1994 and May 1997, bubbles in luxury real estate, stock values and other assets were made by a sudden flood of foreign dollars.
Rothschild agent George Soros, head of Quantum Fund, acting in secrecy, was armed with an undisclosed credit line from a group of international banks including Citigroup. They gambled that Thailand would be forced to devalue the baht and break from its peg to the dollar. In May 1997, Soros, Julian Robertson (head of the Tiger Fund and reportedly also of the Long-Term Capital Management hedge fund, whose management included former Federal Reserve deputy David Mullins), unleashed a huge speculative attack on the Thai currency and stocks. By June, Thailand was forced to float the baht and was ask the IMF for “help”. Swiftly the same hedge funds and banks crashed the Philippines, Indonesia and finally South Korea, making billions in the process.
The populations sank into chaos and poverty. While the east Asian countries had a combined account deficit of $33 billion in 1996 speculative money flowed in. In 1998–1999, it rose to $87 billion. By 2002, it peaked at $200 billion. Most of that money returned to the US in the form of Asian central bank purchases of US Treasury debt, effectively financing Washington policies.

Destroying Yugoslavia
Even before the fall of the Berlin Wall, Washington and the IMF were working “shock therapy” in Yugoslavia. In 1989, the IMF demanded that prime minister Ante Markovic would structurally reform the economy.
In 1990, the Yugoslavian GDP sank with 7.5%, and another 15% in 1991. The IMF ordered wages to be frozen at 1989 levels, while inflation rose dramatically, leading to a fall in real earnings of 41% by the first half of 1990. By 1991, prices had risen with more than 140%.
To make matters worse, the IMF ordered full convertibility of the dinar and “freeing” interest rates.

The living standard of Serbs, Kosovans, Bosnians, Croats and others declined dramatically. The IMF explicitly prevented the Yugoslav government from obtaining credit from its own central bank, crippling the ability of the central government to finance social and other programs.
This led to the formal declaration of independence by Croatia and Slovenia in June 1991. In 1992, Washington imposed a total embargo on Yugoslavia, freezing all trade and plunging the economy into chaos, with hyperinflation and 70% unemployment as the result.

In a June 1990 EU summit, Dutch prime minister Ruud Lubbers proposed a European energy community, to bind the countries of the “European Economic Community with the USSR and the countries of Central and Eastern Europe”. In 1995, the EU had initiated the Interstate Oil and Gas Transport to Europe (INOGATE) program, “to promote the security of energy supplies”.
In February 1999, just before the Clinton administration began bombing Serbia, EU commissioner Hans van der Brock stated as the goal of INOGATE: “to help free the huge gas and oil reserves of the Caspian Basin by overcoming … bottlenecks which have impeded access to local and European markets”.

A pipeline route, Albanian Macedonian Bulgarian Oil Pipeline Corp. (AMBO), backed by the US government and First Boston Bank, had been on hold for several years. Before it could move ahead, Washington decided it had to get rid of the Milosevic regime obstacle. Thousands of tons of bombs later, and after an estimated $40 billion of destruction to the economy and infrastructure, the Pentagon began construction of one of the largest US military bases in the world - Camp Bond Steel near Gnjilane in southeast Kosovo, for 3,000 soldiers. By 2001, Washington was in control of the Balkans.
In June 1999, when the bombing of Serbia was finished, the US government announced it was funding a feasibility study for the AMBO pipeline. The AMBO feasibility study was done by Halliburton Corporation’s Brown & Root, when Dick Cheney was chairman. The US ambassador to the UK from 2001 to 2004, William Farish, a trusted friend of the Bush family and heir to the Standard Oil fortune, admitted that the oil riches of the Caspian area was a major reason for American interest in the Balkans.

For more information on the destruction of Yugoslavia: viewtopic.php?f=7&t=1359

Destroying Eastern Europe – IMF
Mikhail Gorbachev privately met with the Honecker communist leadership in East Germany, and more or less ordered them to give way to the popular movement for “freedom” sweeping East Germany. Within weeks, the old order in the DDR was swept aside in a popular revolution.
On 29 November 1989, days after the collapse of the Berlin Wall, Deutsche Bank head Alfred Herrhausen was blown up in his armoured car. Herrhausen was a key adviser to the Kohl government, who had told of his plans to turn East Germany into Europe’s most modern economic region in 10 years.

In July 1990, at a meeting of the G-7 industrial nations in Houston, Texas, US Secretary of State James Baker said:
We have agreed to ask the IMF … to undertake a detailed study of the Soviet economy … to make recommendations for its reform.
Harvard economists, like Jeffrey Sachs, were flown to Moscow to assist in the destruction of the old central state apparatus. In 1992, the IMF demanded a free float of the Russian ruble. Within a year, consumer prices had increased with 9,900%, while real wages fell with 84%. Industrial production fell to half its earlier level as inflation passed levels of 200%. Average life expectancy for men dropped to 57 years by 1994, the level of Bangladesh or Egypt.
IMF shock therapy was intended to create weak economies all around Russia, so that they had to depend on Western capital.

In 1996, the IMF provided Russia a $6 billion loan only if Anatoly Chubais was made minister for privatisation.
In 1997, George Washington University Professor Peter Reddaway wrote that Chubais had been accused in Russia of “censoring the media, undermining democracy, engaging in dubious personal dealings, taking orders from Washington and building a criminalized form of capitalism”. This was reason enough for deputy Treasury secretary Lawrence Summers to back him.

Ukranian agriculture was deregulated on IMF and World Bank demands.
In the late 1990s, the world oil prices had increased to more than $30 per barrel.
As a result of the IMF demands, the people were forced to buy local goods at dollar prices.The price of bread shot up by 300%, electricity with 600%, and public transportation with 900%. With sky-high electricity costs and no bank credit, state industries were forced into bankruptcy. Foreign speculators could pick up the economy at dirt-cheap prices.

Best of all, the oil and gas riches of the former Soviet Union could be scooped up by the US and British oil multinationals. In 1998, the IMF estimated that 17 Russian oil and gas companies, with a market value of at least $17 billion, had been sold by Chubais for $1.4 billion. Companies like Lukoil, Yukos, Sibneft and Sidanko were created.
The state gas monopoly Gazprom, the world’s largest gas producer, was worth about $119 billion; 60% of Gazprom was sold to private Russian groups for some $20 million.

Firestarter wrote:
Sun Nov 11, 2018 6:29 pm
William Engdahl – A Century of War; Anglo-American Oil Politics and the New World Order (first published in 1992, but updated since): ... r_book.pdf
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LaRouche – Ugly Truth About Milton Friedman

Post by Firestarter » Thu Dec 13, 2018 5:52 pm

In this post my summary of a book by Lyndon LaRouche “… About Milton Friedman”; it’s more a history lesson on British monetary policy destroying mankind than about Friedman, who won the Nobel Prize for economics in 1976.
LaRouche also tries to give “his” ideas on sound economics, based on Charles de Gaulle’s economic adviser Jacques Rueff, who he had worked with, which I don’t subscribe to. It sounds to me that his whole idea is investments and government spending to “fix” the economy…

Drugs, VOC, East-India
The British Empire was founded on the opium trade, as Kalimtgis, Goldman, and Steinberg document in “Dope, Inc.”: viewtopic.php?f=7&t=1366#p4968

The Jesuits reached the orient after the first Portuguese trade and military inroads at the end of the sixteenth century. When the Dutch drove the Portuguese out of Asian trade, they negotiated with the Jesuits on the Chinese trade. The Dutch took over the centuries-old dope-trading routes from the Portuguese, including opium between Canton, China's key port city, and Portuguese-controlled Macao.
The Dutch later negotiated an opium monopoly for north India with the Jesuit-influenced Mogul court. The monopoly permitted the Dutch to force Indian peasants to produce opium in exchange for taxes paid to the Mogul court.
A century later, the Dutch were shipping more than 100 tons of opium per year to Indonesia. The Dutch found opium "a useful means for breaking the moral resistance of Indonesians”. By 1659, the worldwide opium trade was second only to the spice trade.

In 1601, the (English) East India Company was founded that was dealing in opium by 1717. The East India Company only took over the opium trade after the British military victories in India in 1757 that put Bengal under British rule.
In 1784, Lord Shelburne started the reorganisation that turned the East India Company into a looting organisation, with the help of the "free trade" flank against the US. This had been proposed in 1772 in Adam Smith's supposed economic masterpiece “Wealth of Nations” in 1776.
Shelburne sent David Hume and Adam Smith to France for Jesuit training and then paid to create a "theory" of free trade, which meant the narcotics trade. The Jesuits continued the tradition of the Delphic Cult of Apollo, which in turn drew on the "secrets" of the priesthood of Babylon.
This "economical science" didn’t start with Smith and Bentham, who worked for Shelburne, but with the Order of St. John's group of pet intellectuals, the physiocrats, who rewrote Chinese zero-growth economics, based on Chinese texts brought to Europe by the Jesuits; like the work of Confucius and Mencius.

Scottish mafioso Henry Dundas, Pitt's secretary of state and an early patron of Adam Smith, directed the Board of Control for the East India Company, and in 1787 wrote a master plan to extend the opium traffic into China.
In his Wealth of Nations, Smith urged the colonies to not enter into manufacturing, and above all not to keep British goods out. He wrote:
Were the Americans either by combination or by any other sort of violence, to stop the importation of European manufactures and by this giving a monopoly to such of their own countrymen as could manufacture the like goods, divert any considerable part of the capital into this employment, they would retard instead of accelerating the further increase in the value of their annual produce, and would obstruct instead of promoting the progress of their country toward real wealth and greatness. This would be still more the case, were they to attempt in the same manner to monopolize to themselves their whole exportation trade.
Britain used the the opium trade to conquer the USA. British banking families, including the Barings, who had intermarried with the Philadelphia Binghams, cut some Boston merchants in on the lucrative dope traffic to China. In 1816, John Jacob Astor was trading opium for the East India Company, and William Hathaway Forbes, of Boston, even joined the founding board of directors of the central opium bank, the Hongkong and Shanghai Bank. The Cabots, Lodges, Forbes, Cunninghams, and other leading Boston merchant families made their initial fortunes through Russell and Co., whose principal business were African slaves and opium to China.

The East India College at Haileyburg became the clearinghouse for the next generation of British economists, including James Mill, his son John Stuart Mill, David Ricardo, and Parson Thomas Malthus. Jeremy Bentham was their intellectual leader until his death in 1821. Pitt encouraged the 1798 publication of Malthus' “Essay on Population, which argued for the extermination of "useless eaters". John Maynard Keynes later praised Malthus' Essay as "a work of youthful genius"
Malthus became the Chair of History and Political Economy at Haileyburg. A generation of Malthusians was put into controlling positions for the opium traffic in Asia. In his 1819 “Principles of Political Economy”, Malthus elaborated his depopulation program into a zero-growth approach to economy. India was basically a laboratory for zero-growth doctrines.

By the 1830s, opium was the largest commodity in international trade.
Britain imported cotton from American plantations (which it backed during the Civil War); turned into textiles in British mills; and exported the textiles to India for opium- that was then sold to China.
Because it was owned by the Crown, the East India Company couldn’t trade opium in its own name. It used a set of "cut-outs", intermediaries, who exported opium to China covertly for the company. The East India Company used a network of private dope traders to found the Hongkong and Shanghai Bank in 1864.
India depended on opium for 30% of its exports, most of it to China. In British India, taxes on the opium trade provided almost 20% of total government revenues by 1880. Gross revenues from the opium traffic was about two thirds of the total exports from Britain from 1840 to 1890.
By the end of the nineteenth century, Britain was importing 50% more than it exported — £450 million in imports against £300 million in exports. It made up the difference through opium. In 1890, the value of the British opium revenues in China alone equalled the entire home trade deficit!

Fabian Scoiety, Vienna, Chicago – zero growth in the 20th century
In a nice Orwellian twist, British "free trade" really means trade warfare.
In 1892, the University of Chicago was started as the chief American project of the Fabian Society. It incorporated both the "right-wing" economics of the Cobden Clubs and Thorstein Veblen's imitation of Ruskin-Morris socialism from the outset. The new Chicago university, launched with funds from Rockefeller, Schiff, and Field, transferred the Oxford economic crookery to the shores of Lake Michigan. The Fabian Society’s Beatrice Webb was its real founder.
One of John Ruskin’s students in economics, George Bernard Shaw, founded the “anti-capitalist” Fabian Society with Sidney and Beatrice Webb. Under the patronage of Opium War PM Lord Palmerston, the Fabian leaders really followed Oxford economics. Shaw beat the drum for the master race in “Man and Superman” (1901) long before Adolf Hitler arrived on the scene.

In 1912, Wesley Clair Mitchell went to Vienna for additional studies and shared Bohm-Bawerk's classroom with future Soviet official Nikolai Bukharin. In 1914, Mitchell tried to prove that inflation and depression are "not disruptions . . . but fluctuations systematically generated by economic organization itself". Mitchell forgot to mention that every American depression until the Panic of 1907 was the direct result of contractions in loans available on the London market. Mitchell helped to draft the “Report of the National Monetary Commission” that became the Federal Reserve Act of 1913.
On the advice of banker Paul Warburg, Father of the Federal Reserve, President Woodrow Wilson named Bernard Baruch to create a War Industries Board, with powers similar to the present Federal Emergency Management Agency (FEMA). Bernard, grandson of B'nai B'rith founder Kuntner Baruch, was attorney for the Anglo-American Guggenheim firm and a personal friend of Winston Churchill.

Mont Pelerin – right wing Fabians
The Austrian School of monetarists later joined forces with Chicago in the Mont Pelerin Society and included Friedrich von Hayek and Ludwig von Mises. These products of the Viennese salons trained Milton Friedman's teachers, including the founder of the National Bureau of Economic Research, Wesley Clair Mitchell. Mitchell and his pupil, Milton Friedman, are really right-wing Fabians.
When Friedrich von Hayek gave the inaugural address of the Mont Pelerin Society in 1947, in his audience were most of Wesley Mitchell's boys: George Stigler, Henry Simons, Chicago professor Aaron Director and Milton Friedman (Director's brother-in-law).

The Mont Pelerin Society is never even mentioned in the newspapers but wields enormous power over the right wing of US politics. The Mont Pelerin Society is merely the economic arm of the "political" Pan-Europea Union that was co-founded by Otto von Habsburg. One of Von Habsburg's closest friends in the Mont Pelerin Society is William F. Buckley, Friedman's close collaborator throughout the 1960s.
Another Von Habsburg associate was the Nazis' puppet PM in wartime Hungary, Ferenc Nagy, who later founded the terrorist organisation Permindex (that was probably involved in the assassination of JFK).
In 1939, Von Hayek had already brought together the core for the Mont Pelerin Society under the name "Society for the Renovation of Liberalism".
In 1943, Von Hayek wrote the Mont Pelerin Society's founding document “The Road to Serfdom” in London. On the surface, Von Hayek shows the same concern for "individual liberty" against the "tyranny of the state" of Friedman, but behind the facade the policy recommendations lead to “serfdom” similar to feudal Europe.

In 1946, Abba Lerner published “The Economics of Control”, advocating the totalitarian state in which the state controls each facet of economic life. Milton Friedman himself argued that Lerner's totalitarianism was only the mirror image of his own economics, that: "totalitarian direction might achieve the same allocation of resources as a free price system" and achieve "a reasonable approximation of the economic optimum".
Mont Pelerin's European headquarters is directed by its secretary, Max von Thurn und Taxis, and by its president, Friedrich von Hayek. Von Hayek and Archduke Otto von Habsburg direct Mont Pelerin's German-speaking branch.

Milton Friedman became vice-president of Mont Pelerin. The Mont Pelerin Society's operatives infiltrate every “conservative” American institution. Besides Milton Friedman:
George Stigler of the University of Chicago, President of Mont Pelerin in 1980;
Glenn Campbell, and Martin Anderson, respectively director and economist of the Hoover Institution and both advisers to Ronald Reagan;
Robert M. Bleiberg, Barron's Magazine editor;
William F. Buckley, Jr., National Review editor;
Donald Kemmerer and John Exter, respectively president and board member of the National Committee on Monetary Reform;
Edward H. Levi, former US attorney general and Chicago professor;
Edwin McDowell, Wall Street Journal columnist;
Edwin J. Feulner, Jr., Heritage Foundation director;
William J. Baroody, Sr., American Enterprise Institute president.

The Marshall Plan's official target was to reduce European imports from the US from $3 billion in 1938 to $2.7 billion for 1952-1953 and $6.7 billion in 1947.
Under the direction of British treasury official Sir Eric Roll, Harlan Cleveland (in 1980, chairman of the Aspen Institute), and George Kennan's State Department planners, the Marshall Plan reduced America's exports to trifling levels compared to those of other industrial countries. Britain made the US into a rentier instead of an industrial power.

From Nixon to Carter and Reagan
Milton Friedman pushed Richard Nixon into a disastrous money crunch in 1969, throwing the economy into recession and forcing the US to sever the dollar's link to gold, which Friedman had lobbied for.
In 1968, Friedman justified the floating rates regime on purely military grounds:
A really serious rearmament drive is almost certain to produce inflationary pressure, differing in degree from country to country because of differences in fiscal structures, monetary systems, temper of the people, the size of the rearmament effort, etc. With rigid exchange rates, these divergent pressures introduce strains and stresses that are likely to interfere with the armament effort.

Each of these steps is within the unilateral control of the U.S. No other country can by its action prevent us from taking them.

Friedman stopped monetary growth from June 1969 to December 1969, and the economy collapsed. Starting in the summer of 1969, industrial production fell, and unemployment rose from 3.5% in 1969 to 5% in May 1970.
On 15 August 1971, Nixon continued the Friedman program with the addition of the wage-price controls demanded by "populist monetarist" Henry Reuss.
In August 1971, to the disbelieve of some Europeans, Nixon took Friedman's advice, to set the dollar “free” at the urging of then Undersecretary of the Treasury Paul Volcker.

Ironically the US payments deficit didn’t benefit the US, but London as dollars were flowing to the Eurodollar market through British banks, which eventually grew to over $1 trillion, and gave the bankrupt City of London a new life.
In the 1950s, the “great” City of London was virtually a ghost town, where less than a dozen foreign banks did business. But after in 1962, Anglophile Secretary of the Treasury C. Douglas Dillon and his Undersecretary Robert V. Roosa, presented the British with the “Interest Equalization Tax” that penalised American loans to foreigners and made it more lucrative to hold dollars in London than in New York.

See how “real” net investments in the 10 years since 1969 became negative.
Figure 10 - Productive fixed investment

From March 1979 to March 1980, Americans lost 8% of their purchasing power - the largest drop in real income levels since the Great Depression.
Instead of the forecast of a $40 billion deficit this fiscal year and a $16 billion surplus next fiscal year by the Carter administration, the Treasury now officially projects a $100 billion deficit in the 2 fiscal years, not counting an additional $80 billion in so-called “off-budget” borrowing.

Chile – who needs food?
Milton Friedman once explained on his “cure” for Chile: “My only concern is that they push it long and hard enough”.
Chile was made into a creditors' dictatorship. Between the coup in 1973 and the beginning of 1979, Chile's annual payment of debt service to international banks rose from $200 million annually to $1.6 billion. The Pinochet regime saved a lot of money (for the bankers) by eliminating food imports, effectively reducing average caloric consumption to less than 1,200 calories per day by 1975. In 1976, average per capita food consumption in Chile was about the same as it was in Nazi concentration camps.
In 1976, the Organization of American States reported:
Its most dramatic consequences are observed in the psycho-motor development of children. The spirit saddens to see a two-year-old seated on the ground, scarcely able to keep its balance. It cannot smile, or play, or look at its hands; it cannot stand, much less walk or speak.

In 1977, unemployment had reached 20% officially and more than 40% unofficially. Gross Domestic Product never recovered from the 13% fall that occurred in 1975 alone. Real wages fell in 1974 to a little more than half of 1971. In 1978, agricultural production was down 27%.
The Chicago Boys did score "successes": reduction of government expenditure from 15.8% of national consumption in 1972 to 12.1% in 1977. All the more impressive as consumption fell sharply in that period. And, of course, continued monetary austerity will produce a lower rate of inflation, in the same way that holding an influenza patient's head under water will ultimately “cure” influenza.

Adviser to British PM Thatcher
Milton Friedman also became the official adviser to the government of Margaret Thatcher in Britain.
In the single year, since Queen Elizabeth selected Thatcher as PM, the Bank of England brought money supply growth down from 15% to 7% per year, at the direction of Mont Pelerin Society members Geoffrey Howe and his deputy, John Biffen.

The result was completely the opposite of what they and Friedman had predicted, in a single year: Britain's rate of inflation rose from 6% to 22% and the industrial production index fell from 108.2 to 98.1. British living standards fell by a sharper margin than during the 1930s.
Milton Friedman's money crunch accomplished to drive up the cost structure of industry, including pay increases to workers (lower than inflation of course).

A good analogy of Friedman’s method is the following hypothetical case of a loan-sharking victim. A person with $20,000 earned income incurs $5,000 in debt service payment obligations to a loan shark. Unable to pay all of the $5,000, the victim "refinances" $2,000 of the debt service payment at 50 percent effective annual interest. He pays the $1,000 instead of the $2,000 portion of the $5,000; a total of $4,000. The following year, he owes $6,000 in current debt service, instead of $5,000. The next year $7,000, and so forth.

Figure 6 - Productivity and total debt

Lyndon H. LaRouche, Jr. and David P. Goldman – The Ugly Truth About Milton Friedman (1980): ... n_djvu.txt
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Missing Pentagon trillions

Post by Firestarter » Thu Dec 20, 2018 5:13 pm

I had earlier posted on the accountancy practices of the Pentagon that's some sort of sick joke: viewtopic.php?f=7&t=713&start=190#p4802
Firestarter wrote:
Wed Feb 07, 2018 11:24 am
After my post about the $6.5 trillion for the US DoD: viewtopic.php?f=7&t=713&start=160#p4252

I’ve finally found a story with a reasonable explanation on what these “missing” Pentagon trillions actually mean...

On November 15, Ernst & Young and other accountancy firms announced that the Pentagon failed the first ever “audit”.
Asif Khan of the Government Accountability Office wasn’t surprised of this failure. He explained that the Pentagon has failed its audit over and over again but never “fixed” anything:
As a result of partial audits that were done in 2016, the Army, Navy, Air Force, and Marines have over 1,000 findings from auditors about things requiring remediation. The partial audits of the 2017 budget were pretty much a repeat. So far, hardly anything has been fixed.

This audit cost a whopping $413 million, and now the Spentagon needs another $559 million to (not) fix their lack of administration of spending.
Caleb Maupin explains…

Here’s a 21 December 2017 audit report by the Inspector General on the Pentagon, that uses black spots to hide all of the interesting information (before President Trump, they didn’t heavily redact it): ... budget.pdf

Mark Skidmore confirmed that the practice to insert adjustments into budget reports can be deployed in cases where receipts have been lost — in a fire, for example — or for a correction of a wrongly entered transaction into the system; “But those kinds of adjustments should be the exception, not the rule, and should amount to only a small percentage of the overall budget”.
In the Pentagon’s case it’s regularly much higher that the total budget....

Skidmore concluded that not only trillions in 2015 were untracable, but at least $21 trillion of Pentagon transactions between 1998 and 2015. This $21 trillion includes only plugs that were disclosed in reports by the Office of Inspector General, which does not review all of the Pentagon’s spending.
In fiscal year 2015, Congress appropriated $122 billion for the US Army, but its financial records for that year included a whopping $6.5 trillion in “plugs”. More than 16,000 records that might reveal the destination had been “removed”. Let’s call that not intentional but an “accident”...
The “missing” money was literally hundreds of billions every year, and: $1.7 trillion in 1998, $2.3 trillion in 1999, $1.1 trillion in 2000, $1.1 trillion in 2007, $875 billion in 2010, and $1.7 trillion in 2012.

The Pentagon receives 54% of all federal money in the US: $716 billion in 2019 (the current fiscal year), $692 billion in 2018, and $686 billion in 2017.
For decades, the Department of Defense (DoD) has been perpetrating a gigantic, unconstitutional accounting fraud, deliberately misleading Congress and drive its budgets up higher and higher. DoD has been making up numbers knowing that Congress would rely on those misleading reports in granting even more money to the DoD the next year.
The fabricated numbers disguise the fact that the DoD does not always spend all of the money. Instead of returning the “unspent” funds to the US Treasury, as the law requires, the Pentagon then launders and shifts such moneys to whatever it wants. Among the laundering tactics the Pentagon uses: is shifting unspent “one-year money” into a pool of “five-year money”. Federal law does not require the return of unspent “five-year money”...
They probably use this money to fund secret programs, like US Special Forces activity in Niger that only came to light when 4 US soldiers were killed.

Pentagon whistle-blower Franklin “Chuck” Spinney leaks to the press in the 1980s, about wildly inflated Pentagon spending, sparked public outrage.
Spinney explained recently:
They’re making up the numbers and then just asking for more money each year.

DoD routinely over-estimated inflation rates for weapons systems. When actual inflation turned out to be lower than the estimates, they did not return the excess funds to the Treasury, as required by law, but slipped them into something called a ‘Merged Surplus Account.

In that way, the Pentagon was able to build up a slush fund of almost $50 billion.

According to Spinney, the Pentagon has amassed “as much as $100 billion” over the years through its bogus bookkeeping maneuvers.
Spinney emphasised that the lack of bookkeeping is “business as usual. The goal is to paralyze Congress”: ... get-fraud/
(archived here:
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Atlas Network in Latin America

Post by Firestarter » Sun Feb 10, 2019 4:52 pm

The Atlas Network works with 450 foundations, NGOs, think tanks and advocacy groups, with an operating budget of $5 million in 2016, coming from charitable and non-profit foundations from the US.
Atlas helped to alter the political landscape in various countries in Latin America and is effectively an extension of Anglo-American foreign policy. The think tanks associated with Atlas are financed by the Koch billionaire brothers, State Department and National Endowment for Democracy (NED).

The NED and the State Department funded Pan American Development Foundation (PADF), Freedom House and United States Agency for International Development (USAID), are the major entities who share guidelines and resources for concrete results in the asymmetric war.
15 of the most important organisations financed by Koch are: Americans for Prosperity, Cato Institute, Heritage Foundation, American Legislative Exchange Council, Mercatus Center, Americans for Tax Reform, Concerned Veterans of America, Leadership Institute, Generation Opportunity, Institute for Justice, Independent Institute, Club for Growth, Donors Trust, Freedom Partners and Judicial Watch.

The Atlas network has 13 affiliates in Brazil; 12 in Argentina, 8 in Chile and Peru; 5 in Mexico and Costa Rica; 4 in Venezuela, Uruguay, Bolivia and Guatemala; 2 in Dominican Republic, Ecuador and El Salvador: and 1 in Colombia, Panama, Bahamas, Jamaica and Honduras: ... ertarians/
(archived here:

The Atlas Network has financed a variety of organisations that influence the public and promote “right wing” propaganda in Latin america.

Records obtained through the Freedom of Information Act, reveal efforts of US politicians to use Atlas´ think tanks to destabilise Venezuela in support of (?) the Maduro government.
As early as 1998, Cedice Libertad, the flagship of Atlas in Caracas, received regular financial support from the Center for International Private Enterprise.
There are other NGOs and foundations working for Atlas, like Provea (financed by the Open Society Foundation of George Soros, the Ford Foundation and the British embassy), the Civil Association of Citizen’s Power, and the Venezuelan Observatory of Social Conflict (which is financed by the NED).

In Brazil there are now about 30 “non-profit” institutions acting and collaborating with each other, like the Estudantes Pela Liberdade (Students for Liberty) and the MBL (Free Brazil Movement).
The Millennium Institute: founded in 2006, received funding from Bank of America, Merryll Lynch, Grupo RBS, Gerdau and Am-Cham Brazil. The Millennium Institute was instrumental in organising demonstrations against former President Dilma Rousseff.

The Interdisciplinary Centre of Ethics and Personal Economics of Rio de Janeiro: a think tank of Atlas that develops religious arguments that benefit the major corporations. The centre imitates the US Acton Institute financed by Trump´s Secretary of Education Betsy DeVos (sister of Erik Prince).
The DeVos family has also funded the Heritage Foundation.

In Argentina the Pensar Foundation of the Atlas Network became the political party PRO that propelled Mauricio Macri to the presidency in 2015.
Leaders of Pensar and Fundación Libertad (Freedom Foundation, also of Atlas) today occupy key positions in the Argentine administration.

In Honduras the Eléutera foundation was founded after the coup in 2009 against elected president Manuel Zelaya. The leader of Eléutera, Guillermo Peña Panting, previously worked at the Atlas think tank in North Carolina the John Locke Foundation and has given numerous seminars for the organization.
The present government of Honduras asked for the political support of Eléutera: ... he-ground/
(archived here:

The Atlas Network is affiliated with the powerful Mont Pelerin Society that was co-founded by Knight of Malta, Crown Prince to the non-existent Austrian throne, Otto von Habsburg (who also established the Pan-Europa Union): viewtopic.php?f=7&t=1340&start=30#p5573

The following interesting picture was released by Wikileaks (originally released more than 10 years ago), from a classified Pentagon paper.
It shows that the World Bank, IMF, Organisation for Economic Co-operation and Development (OECD), and Bank for International Settlements (BIS) are used as as “U.S. diplomatic-financial venues” to pressure foreign state and nonstate actors and:
apply unilateral and indirect financial power through persuasive influence to international and domestic financial institutions regarding availability and terms of loans, grants, or other financial assistance to foreign state and nonstate actors

The picture, text comes from the hundreds of pages document “Field Manual (FM) 3-05.130, Army Special Operations Forces Unconventional Warfare” (2008):
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Shareholders mining companies

Post by Firestarter » Sun Apr 07, 2019 4:17 pm

I´ve earlier posted in this thread on the biggest shareholders in the US, that often include the largest investment funds in the world Vanguard and BlackRock: viewtopic.php?f=7&t=713&start=200

Today I’ve tried to find information on the major shareholders in 10 of the biggest mining companies in the world. As most of these aren’t located in the US it’s almost impossible to find out. Especially with some of them listed on several stock exchanges.
Most of these have very different major shareholders than the large companies in the US.

Major Shareholders in the Australian BHP Group include – Fisher Asset Management; Bank of America Corporation; Goldman Sachs Group; Arrowstreet Capital, Limited Partnership; Morgan Stanley:
(archived here:
(archived here:

The reported biggest shareholder in the Swiss Glencore Xstrata (of Marc Rich fame) is the state-owned Qatar Investment Authority with 8.2%.

The British-Australian Rio Tinto Group, is listed on 3 stock exchanges: London, the Australian Securities Exchange and New York. Its reported biggest shareholder is the Aluminum Corporation of China Limited (Chinalco), with 9.8% in 2014, making it Rio Tinto's biggest investor.
Major Shareholders in Rio Tinto include - Franklin Resources, Inc (11.5% in New York); State Farm Mutual Automobile Insurance Co (11.4% in New York); Fisher Asset Management, LLC; Arrowstreet Capital, Limited Partnership:
(archived here:

The Brazilian Vale S.A., is listed on 4 stock exchanges: Sao Paulo, New York, Paris and Madrid.
Major Shareholders in Vale include - Capital Investors (at least 26.8% in New York); Europacific Growth Fund; Blackrock Inc.; Standard Life Aberdeen PLC;
(archived here:

The British Anglo-American, is listed on 2 stock exchanges: London and Johannesburg.
Since September 2017, the British Indian Anil Agarwal is listed as its largest shareholder with 20%.
Major Shareholders in Anglo-American include - Volcan Investments Ltd. (19.3% in London); Volcan Investments Ltd. (12.9% in London); Silchester International Investors LLP; Genesis Investment Management LLP: ... 3/company/
(archived here:

China Shenhua Energy is owned by the Chinese Government.

Major Shareholders in the American Freeport McMoRan Inc. include – Vanguard Group (at least 17.4%); Blackrock; State Street; Capital.
Trump´s good friend Carl Icahn is often cited as its “biggest shareholder”, he owns a respectable 3.46%:
(archived here:

The Canadian Barrick Gold, is listed on the London stock exchange.
Major Shareholders in Barrick Gold include - VanEck Vectors Gold Miners ETF (10.5%); FvS SICAV Multiple Opportunities: ... ture=en-CA
(archived here:

Coal India Limited is owned by the Indian Government.

Major Shareholders in the Australian Fortescue Metals Group include - Minderoo Group Pty Ltd (29.5%); HSBC Custody Nominees Australia Limited (at least 16%); Valin Investments Singapore Pte Ltd (at least 11.9%); J P Morgan Nominees Australia Limited; Citicorp Nominees Pty Limited:
(archived here:
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Imperialism in America, Protocols

Post by Firestarter » Wed Apr 10, 2019 4:01 pm

The following book from 1892 gives a good explanation on how the “imperialists” enslave us.
It’s focus is on the USA from roughly 1860-1891.

By controlling money, land and transportation it´s easy to control the labour of a population.
After gaining control of the money - with the power to inflate or contract it at pleasure - all other sources of wealth are at the command of the money monger.

In 1866 money contraction was commenced that resulted in the crash of 1873, and caused the American people to suffer for the next five years. They made bonded debt, established their national banks and destroyed two-thirds of the people's money.
In 1866, the total money supply was $1,803,702,726 – $50.76 per capita.
By 1877, the total money supply was $696,443,394 – only $14.60 per capita.

1864—This year the government sold bonds valued at $381,292,250, for which it received only—as gold was worth $2.01—$139,697,636, or less than one-half of their face value. The money speculators made a profit of $191,594,613. Add to this interest for ten years, $114,956,768, and they took from us that year $306,551,382.

1865—During that year the Government sold bonds to the value of $279,746,150, for which it received, however, only $208,213,090. The robbers retained for themselves $71,532,060. Adding the interest for nine years, $38,627,307, and they stole in 1865 $110,159,367.

1866—This year bonds were sold to the value of $124,914,400, for which we received only $88,591,773, giving the money sharks a net profit of $36,332,627. Add to this the interest for eight years, $17,434,556, and they made out of the people a total of $53,757,183.

1867 —This year bonds were sold to the value of $421,469,550, for which the purchasers paid the government only $303,s05,503, giving them a profit of$118,254,047. Add to this interest paid them for seven years, $48,671,494, and that year they stole a grand total of $167,915,741.

1868—This year the government sold bonds valued at $425,443,800, for which it received, however, only $312,626,326, leaving a profit to the speculators of $112,617,497. Add the interest for six years, $40,542,288, and we find the government gave to the speculators this year $153,159,765 more of the people's property.

According to the United States Treasurer's report of 1892 the total paid interest on bonds from 1862 to 1891 is $2,481,454,408. This is interest on the people's money which was destroyed.
This resulted in a total of $12,940,015,890 profits made on an original debt of $2,680,000,000! And the debt continues to grow every year.

The New York Times of 12 August 1877, proposed as the “solution” for the suffering farmer to become tenants of “their” land:
There seems to be but one remedy. * * * It is a change of ownership of the soil, and the creation of a class of land-owners on one side, and of tenant farmers on the other, something similar in both cases to what has long existed, and now exists, in the older countries of Europe.

The following from the pen of Senator Sharon, published in the Nevada Chronicle, shows the determination of the money power to rob and enslave the toiling masses:
We need a stronger Government. The wealth of the country demands it. Without capital and the capitalists our government would not be worth a fig. The capital of the country demands protection ; its rights are as sacred as the rights of the paupers who are continually prating about the encroachment of capital and against centralization. We have tried Grant and tee know him to be the man for the place above all others. He has nerve.

As president he would be commander-in-chief of the army and navy, and when the communistic tramps of the country raised mobs to tear up railroad tracks and to sack cities on the sham cry of 'bread or blood,' he would not hesitate to turn loose upon them canister and grape. The wealth of the country has to bear the burdens of the Government, and it shall controlit. The people are becoming educated up to this theory rapidly, and the sooner this theory is recognized in the constitution and laws the better it will be for the people.

On 21 March 1892, the Chicago Daily Press published a dispatch from Wall Street, in which the capitalists instruct their henchmen:
We must proceed with caution and guard well every move made, for the lower orders of the people are already showing signs of restless commotion. Prudence will therefore dictate a policy of apparent yielding to the popular will—until all of our plans are so far consummated that we can declare our designs with out fear of any organized resistance. The Farmers' Alliance and Knights of Labor organizations in the United States should be carefully watched by our trusted men, and we must take immediate steps to either control these organizations in our interests, or to disrupt them. At the coming Omaha convention, to be held July 4, our men must attend and direct its movements, else there will be set on foot such antagonism to our designs as may require force to overcome. This, at the present time, would be premature; we are not yet ready for such a crisis.

Capital must protect itself in every possible manner, through combination and legislation. The courts must be called to our aid, debts must be collected, bonds and mortgages foreclosed as rapidly as possible. When, through process of law, the common people have lost their homes, they will be more tractable and easily governed—through the influence of the strong arm of government—applied by a central power of imperial wealth under the control of leading financiers. A people without homes will not quarrel with their rulers. History repeats itself in regular circles; this truth is well known among our principal men now engaged in forming an imperialism of capital to govern the world. While they are doing this, the people must be kept in a condition of political antagonism. The question of tariff reform must be urged through the organization known as the Democratic party. And the question of protection, with reciprocity, must be forced to public view through the Republican party. By thus dividing the voters we can get them to expend their energies in fighting each other over questions of no importance to us, except as tethers to lead the common herd.
Thus, by discreet action, we can secure all that has been so generously planned, and thus far successfully accomplished.

In about the middle of the 19th century, Sir John Lubbock declared that "the money power of the world was making an effort by means of reduced wages to fasten a rule upon the masses and place them upon a footing more degrading and dependent than have ever been known in history".
With computer technology this aim appears to be fully achieved...

Sarah E. Van De Vort Emery - Imperialism in America: its rise and progress (1892): ... merica.pdf

According to the mainstream media the “Protocols of the Elders of Zion” is an anti-Semitic forgery. I believe that it’s a “real” document as in more than 100 years they haven’t been able to invent a single convincing argument that it is indeed fake...
The previous account reminds me of the “Protocols”, see the following excerpts.


20. Economic crises have been producer by us for the GOYIM by no other means than the withdrawal of money from circulation. Huge capitals have stagnated, withdrawing money from States, which were constantly obliged to apply to those same stagnant capitals for loans. These loans burdened the finances of the State with the payment of interest and made them the bond slaves of these capitals .... The concentration of industry in the hands of capitalists out of the hands of small masters has drained away all the juices of the peoples and with them also the States ....

27. The reforms projected by us in the financial institutions and principles of the GOYIM will be clothed by us in such forms as will alarm nobody. We shall point out the necessity of reforms in consequence of the disorderly darkness into which the GOYIM by their irregularities have plunged the finances. The first irregularity, as we shall point out, consists in their beginning with drawing up a single budget which year after year grows owing to the following cause: this budget is dragged out to half the year, then they demand a budget to put things right, and this they expend in three months, after which they ask for a supplementary budget, and all this ends with a liquidation budget. But, as the budget of the following year is drawn up in accordance with the sum of the total addition, the annual departure from the normal reaches as much as 50 per cent in a year, and so the annual budget is trebled in ten years. Thanks to such methods, allowed by the carelessness of the GOY States, their treasuries are empty. The period of loans supervenes, and that has swallowed up remainders and brought all the GOY States to bankruptcy.

28. You understand perfectly that economic arrangements of this kind, which have been suggested to the GOYIM by us, cannot be carried on by us.
29. Every kind of loan proves infirmity in the State and a want of understanding of the rights of the State. Loans hang like a sword of Damocles over the heads of rulers, who, instead of taking from their subjects by a temporary tax, come begging with outstretched palm of our bankers. Foreign loans are leeches which there is no possibility of removing from the body of the State until they fall off of themselves or the State flings them off. But the GOY States do not tear them off; they go on in persisting in putting more on to themselves so that they must inevitably perish, drained by voluntary blood-letting.

30. What also indeed is, in substance, a loan, especially a foreign loan? A loan is - an issue of government bills of exchange containing a percentage obligation commensurate to the sum of the loan capital. If the loan bears a charge of 5 per cent, then in twenty years the State vainly pays away in interest a sum equal to the loan borrowed, in forty years it is paying a double sum, in sixty - treble, and all the while the debt remains an unpaid debt.
31. From this calculation it is obvious that with any form of taxation per head the State is baling out the last coppers of the poor taxpayers in order to settle accounts with wealth foreigners, from whom it has borrowed money instead of collecting these coppers for its own needs without the additional interest.

32. So long as loans were internal the GOYIM only shuffled their money from the pockets of the poor to those of the rich, but when we bought up the necessary person in order to transfer loans into the external sphere, all the wealth of States flowed into our cash- boxes and all the GOYIM began to pay us the tribute of subjects.
33. If the superficiality of GOY kings on their thrones in regard to State affairs and the venality of ministers or the want of understanding of financial matters on the part of other ruling persons have made their countries debtors to our treasuries to amounts quite impossible to pay it has not been accomplished without, on our part, heavy expenditure of trouble and money.

34. Stagnation of money will not be allowed by us and therefore there will be no State interestbearing paper, except a one per- cent series, so that there will be no payment of interest to leeches that suck all the strength out of the State. The right to issue interest-bearing paper will be given exclusively to industrial companies who will find no difficulty in paying interest out of profits, whereas the State does not make interest on borrowed money like these companies, for the State borrows to spend and not to use in operations. ... tocols.pdf
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