All branches of constant tree
Published : Thursday, 6 July, 2017
A+ A- A
FREE trade, debt and war area unit all a part of constant package, every feeding off the opposite. They are — each of them —  rackets in their claim and that they are all symptoms of constant drawback. That drawback has got to do with the very fact that our government — at the side of the remainder of the globe — has entirely forgotten the fundamental idea of however a economic system truly ‘earns’ its thanks to prosperity.
The yank colonists understood this terribly} very visceral manner. to Illustrate, American Revolutionary leader once remarked that there area unit solely 3 ways a nation will become moneyed. (1) It will have interaction in war and war profiteering. (2) It will reap honorary profits through exploitation of wage and worth differentials, beneath cowl of ‘free’ trade. Or (3) It will produce new, attained wealth through a balanced domestic exchange economy.
Franklin, just like the alternative colonists, knew whereof he spoke, having witnessed primary the shenanigans of British people East Indies Company, that not solely began exploitation slave labour for its operations by the 1620s however that needed European nation to continually bail it out, heaping additional debt on folks|the English|nation|land|country|a people} people and forcing European nation to seem for taxation from her more and more discontent yank colonies.
But bailing out the East Indies Company wasn't the $64000 reason why European nation was in debt. That state of affairs should be attributed to the very fact that European nation had, in 1666, relinquished her exclusive right to issue the nation’s cash — a exclusive right sacred by the globe noted Mix’t Moneys case of 1604. rather than maintaining that exclusive right for the advantage of her folks, European nation was persuaded, through graft, intrigue and numerous kinds of blind to surrender that exclusive right over to personal hands — those hands being those of British people East Indies company, through the Mint Act of 1666.
The East Indies Company therefore was given the proper to coin — or issue — its own cash, permitting it to reap handsome profits for the privilege. Still not glad, the merchants of the corporate, beside London bankers, then instigated the creation of the Bank of European nation and a permanent debt at the side of a way for increasing the personal debt of England’s voters, all to the money advantage of those personal interests…
The ‘money question’ that the East Indies Company had appropriated for the advantage of itself and not the general public was the particular supply of England’s growing debt, and also the reason behind her endless wars waged on behalf of commerce.
The British East Indies company was created in 1600 by charter from Queen Elizabeth, for the aim of plundering the world. to hold out this deed, European nation additionally provided British people East Indies Company with military and backing, forcing the govt. to bail the corporate out variety of times before 1800, thereby serving to it to eventually build its terribly own empire in India. British victimisation disbursed by the East Indies Company was brutal, and enclosed the forceful seizure of land and deposing of rulers. It additionally enclosed taxes and loyalty tributes that were extracted from average voters through strategies that enclosed torture.
The deeper in debt European nation became the tougher she sought for revenues — along with her own folks being among those most obligatory upon. United States President comments in associate degree 1816 letter to Wm H Crawford, and in thus doing he virtually spookily expected today’s multiple crises:
‘No earthborn thought might induce my consent to contract such a debt as European nation has by her wars for commerce, to cut back our voters by taxes to such ill-being, as that drudging sixteen of the unit of time, they're still unable to afford themselves bread, or barely to earn the maximum amount oatmeal or potatoes as can keep soul and body along. and every one this to feed the enthusiasm of many millionary merchants and to stay up one thousand ships of war for the protection of their industrial speculations.’
The drawback, as United States President and company might see, was that European nation had chosen to elevate herself in particular alternative nations supported John Locke’s philosophy known as ‘the rights of conquest’ then was dependent upon the plundering and hostility of British people East Indies Company. With England’s cooperation, the corporate was, by 1800, supporting its terribly own army of two,00,000 — quite most European states at the time. It additionally had begun finance its tea trade with prohibited controlled substance exports to China, eventually igniting the ill-famed controlled substance Wars.
The company additionally established its own feeder faculty in 1806, referred to as Haileybury faculty or East Indies faculty, for the specific purpose of staffing the Empire. It trained the troopers, businessmen, and missionaries — and by these suggests that it came to inventory the world and its resources. the person to blame was the pinnacle of the department of economic science, one Thomas Robert economist, thinker and a minister of Christian belief.
Malthus had a population theory supported the concept that the world would be overtaxed with population. New life, he held, distended geometrically, whereas the food offer nonheritable new potency solely on associate degree arithmetic basis. so some life was superfluous. economist was shortly joined by followers of Charles Robert Darwin, United Nations agency argued for survival of the fittest. The fittest had divine right to survive.
This was the philosophy that set the Dutch, French, Spanish, Portuguese, and eventually nation on a course of conquest till every in demand acre, every sand bar, every spit of land on earth was accounted for. One would possibly say that our contemporary independent agency truth Book, which might be viewed on-line, has taken this task, however I digress.
It was at the juncture throughout that the slave traffic was simply increasing, round the mid-1700s, that the talent scouts of what was to become Haileybury faculty availed themselves of the services of a Scottish gentlemen by the name of economic expert, United Nations agency work into the mental model for the East Indies company’s enslavement pursuits. Smith was in result created associate degree intellectual prostitute. In his well-known Wealth of states, Smith posits a deceivingly appealing argument in favour of ‘free’ trade by warning against the need of domestic producers seeking economic policy. Smith would possibly even as well are known as the daddy of ‘free’ trade because the father of recent economic science.
In due course nation pronounced expendable any population they might bully. apart from Continental wars, British people seldom fought associate degree enemy that wore shoes, the yank colonies excepted… an explicit outlook therefore developed among the world’s leading countries that command that it had been the role of many traders to manage producing for the complete world and to monopolise its fruitful power; and — collectively historiographer place it — to stay all alternative countries during a state of commercial thralldom.
Given all this is often it any surprise that President of the United States, expressing the views of his allies and compatriots, would write in 1815 that he hoped that ‘we shall crush in its birth the aristocracy of our moneyed firms, that dare already to challenge our government to a shot of strength, and bid defiance to the laws of our country.’ The banks, for United States President, were the firms of utmost concern.
You might say that each one of this proves that history could rhyme, as humorist splendidly same, however history additionally repeats.
It’s no secret that war is incredibly smart for business, however war is additionally smart for ‘free’ trade advocates — United Nations agency continuously embrace the international firms and by extension the investment category and most significantly the banks — United Nations agency in purpose of truth create it all happen. Smedley manservant could have same it best in his 1935 book suitably titled War could be a Racket:
‘I helped create {mexico|Mexico|United Mexican States|North yank country|North American nation} safe for American oil interests in 1914. I helped create Haiti and Cuba a good place for the National town Bank boys to gather revenues in. I helped within the raping of [*fr1] a dozen Central yank republics for the advantage of Wall Street.… For an excellent a few years as a soldier I had a suspicion that war was a racket; not till I retired to civil life did I totally realise it. currently that I see the international war clouds gathering, as they're nowadays, i need to face it and speak out. once more [the nations of the world] area unit selecting sides… All of them area unit wanting ahead to war. Not the folks, not people who fight and pay and die — solely people who foment wars and stay safely reception to profit.’
Recall that this book was written in 1935, however I digress once more.
The much truth is that America consigned herself to endless and ever-escalating ‘wars of commerce’ the instant she followed within the steps of European nation by redeeming her exclusive right to issue the nation’s cash to the personal banking and money interests in 1913. Those personal interests then enraptured to additional coalesce their profits associate degreed consolidate their power through an integrated world system of finance beneath the structures created by the Bretton Woods Agreement of 1945 — all engineered on the very fact that, by that point, most nations of the globe had relinquished their right — and responsibility as sacred by the Mix’t Moneys case of 1604 — to coin (or create) their own cash for the advantage of the folks and not personal interests.
Today, the globe national economy actively and sharply promotes military economies over civilian economies, unrelentingly and more and more pushing national economic policies toward military disbursal. economic process, through a protracted parade of supposed ‘free’ trade agreements, has seriously weakened the powers of even the foremost powerful nations on earth whereas at constant time releasing firms to maneuver profits and operations across national boundaries. As United States President foresaw, and because the East Indies company foreshadowed, company interests currently dominate those of the state.
Popular ny editorialist Thomas economic expert somewhat unknowingly defined the strategic relationship that has developed between firms and militaries once he splendidly remarked that ‘the hidden hand of the [“free”] market cannot flourish while not a hidden mitt.’ Predictably, the reach at the side of the methods and techniques used by that hidden mitt are greatly refined and extended since the times of the East Indies Company.
For example, firms now not have their own personal armies. Instead they use the services of international firms cherish Dyncorp, KBR, British people Erinys International, Asia International and disease, presently referred to as ‘Academi.’
These and similar corporations provide their services on the globe market, services that embrace risk informative , coaching of native forces, armed web site security, money transport, intelligence services, geographic point and building security, combat area security desires, weapons acquisition, armed support, air support, logistic support, maritime security, cyber security, personnel and budget vetting, weapons destruction, prisons, police investigation, information ways, war of nerves, covert operations, shut protection and investigations.
How, it's going to be asked, will we speak ourselves into finance — i.e. going into debt — for all this stuff?
Surprisingly the services of those corporations area unit used not solely by governments round the world however additionally by firms, humanitarian teams and NGOs, media personnel, and the UN. Moreover, the conflict in Iraq diode to associate degree unexampled proliferation of personal military corporations and non-military contractors.
Today, contractors frame a second, personal army that’s larger than the complete U.S. military unit. Some estimates counsel that quite one,80,000 individual contractors of the many nationalities work for the United States government in Iraq, doing associate degree assortment of jobs that the U.S. has paid quite $100 billion. whereas personal military corporations represent a worldwide phenomena, the us and nice GB — predictably — account for over seventy per cent of the world’s marketplace for the services of those personal military services corporations.
Then we've the international arms trade, that is taken into account to be one in every of the 3 most corrupt businesses within the world. And corresponding to British people East Indies Company, open slave markets have begun to look in Socialist People's Libyan Arab Jamahiriya, this at constant time that girls in Bangladesh area unit marketing their organs to pay off their internationally supported micro-loans and farmers in India habitually kill as a result of they can't pay their debt to Monsanto and company. Examples prolong and on.
All of this and additional is that the direct results of overwhelming debt among nations that have relinquished their exclusive right to coin (or create) cash for the general public advantage and instead have handed  it over to personal hands. Most of the ensuing debt is supported by the international investment banks, together with those of the globe Bank cluster created out of the Bretton Woods agreement of 1945.
Meanwhile, as our own native police get ‘weaponed up’ with things like Blackhawk helicopters, machine guns, banging rams, armoured vehicles and far additional, additional and additional state and native governments area unit being forced into chapter 11. alternative governmental entities manage to flee a minimum of quickly by merely finding ways in which to pay higher interest and insurance rates as they float additional bond debt to stay operating.
Still others hunt for {ways|ways that|ways in that} to ‘privatise’ public qualitys — Pine Tree Stateeting|a briefing|a rendezvous} that enables government and business to co-own a former public asset which had been engineered by you and me — with associated fee structures protection out the underprivileged and squeeze the center category. These arrangements, referred to as operation or public/private partnership comes, area unit created by investment bankers round the globe, United Nations agency themselves area unit dashing to learn from the tidy fees they understand are going to be accomplished through the privatisation of all manner of public infrastructure together with highways, water departments, schools, prisons and additional.
As the British East Indies company showed, management over cash creation associate degreed crediblenessit is an integral a part of economic conquest; it's the premise upon that countries area unit colonized. A recent article within the on-line ZeroHedge showed that concerning eighty per cent of the population area unit internet payers of interest, because of the very fact that the value of interest is usually embedded among the value of the merchandise we tend to obtain. the opposite twenty per cent of the population area unit internet receivers of interest, and of that twenty per cent solely four per cent receive most of the interest on our additive debt. All of which implies that the rich own interest-yielding assets, whereas the remainder folks owe interest on the debt. This truth alone explains however and why the system because it stands produces the widening gulf between the haves and have-nots. It is also the explanation why our debt hovers around $20 trillion, provide or take a trillion or 2, and our personal debt hovers around $57 trillion, provide or take a trillion or 2.
Obviously additional debt won't resolve debt. The assets created by our labour cannot at the same time be a liability we tend to owe to ourselves at interest. At the core of it all is that we've entirely forgotten the fundamental idea of however a economic system truly ‘earns’ its thanks to prosperity — associate degreed have instead been persuaded by the most effective prostituted intellectuals and teachers that cash should buy to believe that the most effective thanks to prosperity is to become an interest receiver.
Nearly buried within the junk pile of history, a team of like  and extremely certificated raw materials economists uncovered a concept of physics and arithmetic that helped them prove on the far side all doubt that raw materials financial gain, notably that of agriculture, ruled value unless the latter was distended by debt. Their knowledge additionally created it clear that once trade is distended on the far side what the state itself will consume, the inner domestic U.S. economy is destabilised. this is often the method by that, as Charles Walters same, the state that degrades either the assembly or the financial gain of its agriculture through ‘free’ trade thereby condemns itself to war.

DissidentVoice.org, June 30. Geraldine Perry is that the author of the 2 Faces of cash and author of temperature change, Land Use and financial Policy: The New Trifecta.


Latest Post
Copyright @ All BD Links
Foysol Islam, Jessore, Bangladesh, 042171471,foysol27@gmail.com
About Us, Privacy & Policy, Contact Us