Beloveds, from the below
article, the Cabal’s mechanism for achieving its global enslavement and
control through the wars and banking is obvious.
Cabal is following its usual
prescription of “Manufacture the false reasons around the facts to start the
war” and then “Divide, Conquer, Enslave and Control”.
Iraq was invaded on the false
9/11 Al-Qaeda premises, and then its people were indebted and bankrupted
through the destruction of their country by war and the instigated sectarian
divisions in order to further enslave and control the people.
After the installation of the
remote-controlled puppet Iraqi government, in order to further economically
enslave and exploit Iraq, the Cabal’s IMF and Global Bank have entered the
scene to begin with their phase of the Iraq’s economic enslavement and
The similar pattern. i.e. prescription, Cabal’s Corp.U.S
Government “ Alliance” is planning for Iran and the rest of the Middle East,
only to continue the same with the rest of the world in their conquest for “global
peace, democracy and liberation from terrorists”.
Once in control of the Middle East oil, the Cabal is planning global economic wars,
destruction, bankruptcy, enslavement and control of the other major global
competing economic powers (China, EU and Russia) by the reinforcement of the Middle-East oil-backed fiat
USD and through the economic blockades and sanctions of other countries.
(USD at present is the main
Cabal’s gold-unsecured, freely printed M3-unaccounted worthless globally
traded paper currency).
Meanwhile, Cabal enslaved land of America, as Cabal’s Corp.U.S. main operational base, and its people are to be further
economically indebted, bankrupted, enslaved and controlled. American people
are kept uneducated by keeping the cost of education high. The American
people are kept by Cabal’s Corp.U.S. Presidential
Acts and Veto-powers bankrupt and stripped of their constitutional rights,
sovereignty, integrity and morals, while their jobs are exported abroad or
replaced at home by illegal unconstitutional process.
Government, as previously discussed in M-Papers posted on www.LighttoParadise.com
, is constitutionally illegal foreign owned corporation run by global
corporate money and by Cabal’s illegally instituted “Constitutional Laws” and
Cabal’s corporate interests.
Cabal structured US elections
and the election of the government officials into the same Corp.U.S. government “old
bottle” structure will not bring any “new wine” changes for America and its enslaved people. Only the radical surgical
changes of the governmental structure and the electoral process will make
Yes Beloveds, AMERICA TODAY IS IN MANY WAYS BAKRUPT, and this is what you see happening to the Cabal
colonized and enslaved American nation today.
HOW LONG IT WILL TAKE BEFORE
YOU WILL WAKE UP AND TAKE THE ACTION?
Economic Occupation: The World Bank and
IMF in Iraq
Mar 17, 2006
For more on the specifics of a
new IMF stand-by agreement with Iraq, go to: http://brettonwoodsproject.org/article.shtml?cmd=x-126-507685
Operation Corporate Freedom: The IMF and World Bank in Iraq
By Basav Sen,
for Global Justice, and Hope Chu, 50 Years is Enough Network
While the three-year U.S. occupation of Iraq faces a quagmire in
operations, the economic forces of the International Monetary Fund (IMF) and
the World Bank are moving full speed ahead implementing various economic
reforms that will cause U.S.-based corporations - Bechtel, Halliburton, and
others - to proclaim, "Mission Accomplished!" As the Bush
administration touts its rhetoric of freedom and liberation, the IMF and
World Bank are busily "liberating" Iraq's resources - oil and labor - and "freeing" Iraq's markets. The recent rise in fuel prices in Iraq and the subsequent riots are just a glimpse of what the future
holds for Iraq under IMF and World Bank plans.
Stage One: Debt cancellation for Iraq, increased control for the IMF
Shortly after the start of the US occupation of Iraq, the Bush administration sent former Secretary of State James Baker
on a pilgrimage to the capitals of other wealthy countries to seek
cancellation of Saddam Hussein's odious debts. In a move that seemed
inexplicable at first, the Bush administration was using the principle of
odious debt to ask for cancellation of Iraq's Saddam Hussein-era debt.
Now, the political motivations behind this unexpected move are
clear. The cancellation of Iraq's debt is a Trojan horse for the IMF, World Bank, and WTO to
enter Iraq and start restructuring the economy further, continuing where
Paul Bremer's Coalition Provisional Authority (CPA) left off. In a move
reminiscent of the Heavily Indebted Poor Countries (HIPC) program, not only
debt but debt relief is being used as a tool to restructure Iraq’s economy.
The Paris Club of Creditors, a cartel of most of the world’s
major creditors (including all the G8 governments and the governments of
other wealthy countries), agreed on November 21, 2004, to cancel 80% of Iraq's debt of about $39 billion to Paris Club
members, in three steps. The terms of the cancellation are that:
* 30% of the debt would be cancelled outright;
* 30% would be cancelled "as soon as a standard IMF programme
is approved," according to the Paris Club press release announcing the
move, essentially conditioning debt cancellation on the subjugation of Iraq's
economic policy to the IMF;
* Another 20% would be cancelled after three years, subject to the IMF
Board’s review of Iraq's implementation of the terms of the agreement,
further binding Iraq to IMF conditions.
Two things about the Paris Club "deal" are noteworthy. First, Iraq's debt to the IMF is only about 1% of its total Paris Club debt, and yet the IMF gets to determine the conditions for
most of the debt cancellation being offered to Iraq. This shows that the political clout of the IMF is way out of
proportion to its financial clout.
Secondly, the Paris Club made it clear that the offer of debt cancellation was
because of "the exceptional situation of the Republic of Iraq and... its limited repayment capacity over the coming
years." While the initial rhetoric of the Bush administration had
focused on the principle of odious debt, the Paris Club was careful not to
set a precedent for acknowledging this principle, lest they face pressure in
the future to cancel the debts of other repressive regimes such as the
apartheid regime in South Africa, the Suharto
dictatorship in Indonesia, the notorious Duvaliers
of Haiti, or the Mobutu regime in Congo. Denying the odious nature of the
debt also provides the Paris Club political cover to keep 20% of Iraq's debt off the table. Even the Iraqi National Assembly, a body
that rarely contradicts the United States, has publicly condemned the Paris Club deal for failing to recognize the odious nature of Iraq's debt and consequently requiring Iraq to repay a fifth of it.
In this manner, a move that appears on the surface to be
beneficial for Iraq - debt cancellation - is being used as a tool of control by the
World Bank, the IMF and the wealthy creditor countries. What is more, it is a
tool of control that will last long after the withdrawal of U.S. combat forces.
Stage Two: The rule of the Coalition Provisional Authority
In this context, it is worthwhile to review how the Coalition
Provisional Authority restructured Iraq's economy. (See World
Bank Brings Market Fundamentalism to Iraq, Economic Justice News,
September 2004) Paul Bremer passed a series of Executive Orders (without any
accountability to Iraqi people) that, among other things:
* Laid off 500,000 government workers – 400,000 of them employees of the
Iraqi Armed Forces – in a country with a workforce of 6.5 million. This
lay-off thus represented nearly 8% of the workforce.
* Changed laws governing foreign investment to "make Iraq one of the
most liberalised economies in the developing world
and go beyond even the laws in many rich countries," according to the
Financial Times. (CPA Order No. 39)
* Made it illegal for Iraqi farmers to plant saved seeds and to exchange
knowledge freely. Now they are allowed to plant only "protected"
crop varieties which remain the property of the multinational seed companies.
Previously, the Iraqi constitution did not allow patenting of plants. The
CPA, however, changed the law to allow "intellectual property"
control over plant varieties. (CPA Order No. 81)
Every single one of these policies fit the neoliberal
framework, and sound as if they were World Bank and IMF conditions. But they
aren't. Even before the IMF and World Bank made their entry into Iraq to any significant extent, the US occupation was unilaterally coercing Iraq to conform to policies identical to what these institutions
would have required - and at a more accelerated pace. There are more ways to
restructure economies than through loan conditions. What Iraq has undergone under the CPA can best be described as a
structural adjustment program imposed at gun-point.
Stage Three: Economic occupation by the IMF and World Bank
Not content with the extent to which Iraq's economy has already been restructured on neoliberal
lines by the U.S., the IMF and World Bank have more designs for the Iraqi economy,
and are using debt cancellation as leverage to compel Iraq to comply with their conditions. In addition, they have begun
normalizing their relations with Iraq, thereby strengthening their hand in the country.
The IMF made its first-ever loan to Iraq in September 2004. In July 2005, the World Bank made its first
loan to Iraq since 1973. This was followed by a $100 million World Bank loan
for the education sector last November, and an IMF Standby Arrangement in
December. The cancellation of Iraq's debt under the Paris Club plan, referred to earlier, is conditioned on Iraq entering into this Standby Arrangement, and implementing it to
the satisfaction of the IMF.
Timing the IMF deal immediately after the elections is a move
that appears designed to prevent Iraqis from having a say in the deal. If the
deal had been signed before the elections, it would have been an election
issue. "The timing of the decision spared politicians from voters'
wrath," the Washington Post pointed out in a December 28 story.
The recent increase in domestic fuel prices was a requirement of
the Standby Arrangement with the IMF, under which prices of petroleum
products are to rise to the levels of corresponding products in other
countries of the region by 2007. The price increases required by the IMF are
staggering: the initial increases implemented in December on the eve of
signing the Standby Arrangement were 400% for regular gasoline and kerosene
(from 20 dinars to 100 dinars
per liter, and from 5 dinars to 25 dinars per liter, respectively), and 800% for diesel
(from 10 dinars to 90 dinars
per liter), with further quarterly increases planned through September 2006.
The IMF makes clear its intentions of keeping tabs on the price increases:
"Progress in adjusting petroleum product prices will be assessed in the
context of the programs’ (quarterly) reviews," according to the language
of the Standby Arrangement.
Fuel is an input to the retail price of most goods, since they
need to be transported. Inevitably, the prices of most goods, including food,
have risen sharply as a consequence of the increase in fuel prices.
Other conditions imposed by the IMF and World Bank on Iraq include the following:
* Privatization of all state-owned enterprises in Iraq except oil. This IMF-imposed condition will lead to the lay-offs
of an estimated 145,000 workers. It will also provide foreign corporations
with control of vital sectors of Iraq’s economy. As for the oil industry, while it will not be totally
privatized, legal changes are underway to provide for partial foreign
ownership. Former Finance Minister Adel Abdul Mehdi
(who is now one of Iraq’s two Vice-Presidents) admitted that these legal changes would
be "very promising to the American investors and to American enterprise,
certainly to oil companies." The IMF calls for "expanding the
participation of the private sector in the domestic market for petroleum
products" in its press release announcing the Standby Arrangement.
* An end to food subsidies. Subsidized food rations have been a
lifeline for 60% of Iraq's population, and often their only protection against
starvation, but the IMF and World Bank want to eliminate them. The
elimination of subsidized food distribution will facilitate the control of Iraq's market for food by corporate agribusiness.
* Liberalization of food prices. The World Bank wants to
eliminate regulations that keep food prices under control. "Liberalization"
of food prices has led to severe food shortage, even famine, in many
countries, most recently in Niger and Mali.
* Further layoffs and/or wage and benefit freezes in the public
sector. The Standby Arrangement requires a ceiling on the Iraqi government's
non-security/defense wage bill, as a "performance criterion" (i.e.
a criterion that will be used by the IMF to evaluate Iraqi compliance with
its conditions). It is significant that the only sector of government
expenditure that is exempted from the IMF payroll budget ceiling is defense!
The IMF celebrates the fact that the Iraqi government withdrew legislation in
the National Assembly requiring pensions to be set at 80% of final salary –
making it clear that neither the existence of a democratic process in Iraq,
nor retirement security for senior Iraqis, are any concern to the IMF.
The Iraqi reaction to IMF and World Bank policies in general, and
to the recent fuel price increases in particular, has been one of
near-unanimous disapproval. Thousands have demonstrated against the fuel
price increases throughout the country; the Oil Minister, Ibrahim
Bahr-al-Uloum, resigned in protest in early January (and has been replaced by
the notoriously corrupt Ahmed Chalabi); and some
provinces, including oil-rich Basra, have refused to implement the price
increase. A number of Iraqi labor unions issued a joint statement on January
16 (see below), condemning the oil price increase, and unequivocally
rejecting the entire IMF and World Bank agenda of privatization and
Paul Wolfowitz: Master and Commander
The economic restructuring of Iraq to benefit foreign investors was most likely one of the main
motivations for the U.S. invasion and occupation of Iraq – or at least a highly profitable windfall. The fact that Paul Wolfowitz, the newly appointed president of the World
Bank, was one of the major architects of the invasion only heightens the
probability of a conscious plan on the part of the Bush administration. With
the goal of maintaining U.S. control over the resources of Iraq after the occupation, installing Wolfowitz
– a leading member of the Project for a New American Century and already on
record as an advocate of expanding U.S. influence and dedicating foreign policy to the service of U.S. interests – at the head of the World Bank makes perfect sense.
It is clear that the consequences of the U.S. occupation, and of the subsequent economic occupation and
restructuring of the country in the interests of foreign investors by the IMF
and World Bank, will last well after the withdrawal of U.S. troops. Getting US troops out of Iraq, while an important first
step towards winning self-determination for Iraq, is exactly that – a first
step. If the U.S. anti-war movement is serious about standing in solidarity with
the people of Iraq, and challenging the deep-rooted economic motivations of an
interventionist U.S. foreign policy in Iraq and around the world, then it needs to make resistance to the neoliberal economic agenda of so-called international
institutions a central plank of its campaign.
A Joint Statement Concerning the Programs of the World Bank and
International Monetary Fund in Iraq by Iraqi Trade Unions
The Iraqi economy has been severely affected by decades of
sanctions, wars and occupation. The Iraqi trade unions and federations
believe in the capacity of the country with all its oil and mineral resources
to provide a decent living standard for Iraqis.
The federations and unions consider that the wars and occupation
have caused a dramatic decrease in the living and social standards of Iraqis
and especially of workers.
The federations and unions stress the importance of complete
sovereignty for Iraq over its petroleum and natural resources so as to develop them
in a way that assures a complete reconstruction of the country. We wish to
stress the following points in regard to the policies of the IMF and World
Bank in Iraq:
1. Increasing transparency and additional representation for Iraq in the decision-making structures of the IFIs.
2. To stop imposing structural adjustment conditions for loans.
3. Agreeing to provide funding for public services and
state-owned enterprises without demanding their privatization.
4. Canceling debts owed by Iraq that have resulted from the policies of the former regime.
5. Rejecting the reduction of spending on social services
especially the elimination of government support for the food distribution
system or the reduction of the number of items covered.
6. Strongly rejecting the privatization of publicly owned
entities and especially of the oil, education, health, electricity,
transportation and construction sectors.
7. Rejecting the increase in the price of petroleum products,
considering the negative impact of the increase on the living standards of
8. Adopting a new labor law and a pension and social security law
that assure workers' rights and are in conformity with international labor
standards and human rights conventions. The World Bank and the IMF must also
respect these standards.
The unions and federations that have signed this statement
announce the formation of a permanent coordinating committee that will make
its positions known to the Iraqi Government and to the IFIs.
They also demand that the IFIs engage in dialogue,
discussion and negotiations with the trade union federations regarding their
policies in Iraq.
Finally, they request the assistance of international trade union
organizations to provide all possible support to the above-mentioned demands.
General Federation of Iraqi Workers
Oil Unions Federation in Iraq / Basra
Federation of Workers Councils and Unions in Iraq
Kurdistan General Workers Syndicate Union / Erbil
Iraqi Kurdistan Workers Syndicate Union
Amman, 16 January 2006