stacks



dictatorship of debt

dictatorship of debt


Understandably unwilling to go to war with International Monetary Fund(IMF) and the World Bank(WB) that controlled their debt, crisis struck new democracies after WWII had to accept IMF and the WB rules.

In the early eighties, IMF and the WB rules got a great deal stricter.

The debt shock coincided precisely, and not coincidentally, with a new era in relations, one that would make military dictatorships largely unnecessary.

It was the dawn of the era of "structural adjustment" - otherwise known as the dictatorship of debt.

Milton Friedman's Chicago School of Economics was at work when China was cracked open to foreign investment.

The wave of "economic reforms" that followed turned China into the sweatshop of the world.

"The Princelings", billionaires, are children of Communist Party officials.

Milton Friedman's Chicago School of Economics is at work in Russia during the fall of the USSR.

Boris Yeltsin is played by Jeffery Sachs and Marc Rich.

"The real problem with the blame Russia narrative is that it preempts any serious examination of what the whole episode has to teach about the true face of the crusade for unfettered free markets, the most powerful political trend of the past three decades.

The corruption of many of the oligarches is still spoken of as an alien force that infected otherwise worthy free-market plans.

But corruption wasn't an intruder to Russia's free-market reforms:

quick and dirty deals were actively encouraged by Western powers at every stage as the fastest way to kick-start the economy.

National salvation through the harnessing of greed was the closest thing Russia's Chicago Boys and their advisers had to a plan for what they were going to do after they finished destroying Russia's institutions.

Nor were these catastrophic results unique to Russia.

The entire thirty-year history of the Chicago School experiment has been one of mass corruption and corporate collusion between security states and large corporations, from Chile's piranhas, to Argentina's crony privatizations, to Russia's oligarches, to Enron's energy shell game, to Iraq's "free fraud zone."

The point of shock therapy is to open up a window for enormous profits to be made very quickly - not despite the lawlessness but precisely because of it." - Naomi Klein

Russian researchers expose breakthrough U.S. spying program





1990-1996

The value of exports from Malaysia have grown by 18% a year, Thai exports have grown by 16% a year, Singapore’s by 15% a year, Hong Kong’s by 14% a year, and those of South Korea and Indonesia by 12% a year.

Most of the loans are in US$.

1996 US military publishes Shock and Awe: Achieving Rapid Dominance.

This doctrine forms the basis of the 2003 invasion of Iraq.

The authors state that the invading force should "seize control of the environment and paralyze or so overload an adversary's perceptions and understanding of events so that the enemy would be incapable of résistance."

Although the IMF and the WB have loaned money to 'undeveloped' countries the costs have been staggering.

The IMF and the WB does not make loans for altruistic purposes.

Collateral for those loans include the borrowing countries infrastructure and natural resources.

The WB and the IMF are increasing force countries to privatize their infrastructure to be eligible for debt relief as they did in the Asian financial crisis.


How the IMF helped create and worsen the Asian financial crisis

World Bank – IMF Guilty of Promoting Land Grabs, Increasing Inequality


"The human costs of the IMF's opportunism were nearly as devastating in Asia as in Russia.

The International Labor Organization estimates that a staggering 24 million people lost their jobs in this period.

According to the WB, 20 million Asians were thrown into poverty in this period of what Rodolfo Walsh would have called "planned misery".

Fascist crusaders are slow learners when it comes to the unintended consequences of their policies.

The only lesson learned from the enormously lucrative Asian sell-off appears to have been yet more confirmation for the shock doctrine, more evidence that there is nothing like a true disaster, a genuine churning of society, to open up new economic frontiers.

A few years after the peak of the crisis, several prominent commentators were even willing to go so far as to say that what happened in Asia, despite all the devastation, was a blessing in disguise." - Naomi Klein




unique library index

This web site is not a commercial web site and is presented for educational purposes only.




This website defines a new perspective with which to engage reality to which its author adheres. The author feels that the falsification of reality outside personal experience has forged a populace unable to discern propaganda from reality and that this has been done purposefully by an international corporate cartel through their agents who wish to foist a corrupt version of reality on the human race. Religious intolerance occurs when any group refuses to tolerate religious practices, religious beliefs or persons due to their religious ideology. This web site marks the founding of a system of philosophy named The Truth of the Way of the Lumière Infinie - a rational gnostic mystery religion based on reason which requires no leap of faith, accepts no tithes, has no supreme leader, no church buildings and in which each and every individual is encouraged to develop a personal relation with the Creator and Sustainer through the pursuit of the knowledge of reality in the hope of curing the spiritual corruption that has enveloped the human spirit. The tenets of the Truth of the Way of the Lumière Infinie are spelled out in detail on this web site by the author. Violent acts against individuals due to their religious beliefs in America is considered a "hate crime."

This web site in no way condones violence. To the contrary the intent here is to reduce the violence that is already occurring due to the international corporate cartels desire to control the human race. The international corporate cartel already controls the world economic system, corporate media worldwide, the global industrial military entertainment complex and is responsible for the collapse of morals, the elevation of self-centered behavior and the destruction of global ecosystems. Civilization is based on cooperation. Cooperation does not occur at the point of a gun.

American social mores and values have declined precipitously over the last century as the corrupt international cartel has garnered more and more power. This power rests in the ability to deceive the populace in general through corporate media by pressing emotional buttons which have been preprogrammed into the population through prior corporate media psychological operations. The results have been the destruction of the family and the destruction of social structures that do not adhere to the corrupt international elites vision of a perfect world. Through distraction and coercion the direction of thought of the bulk of the population has been directed toward solutions proposed by the corrupt international elite that further consolidates their power and which further their purposes.

All views and opinions presented on this web site are the views and opinions of individual human men and women that, through their writings, showed the capacity for intelligent, reasonable, rational, insightful and unpopular thought. All factual information presented on this web site is believed to be true and accurate and is presented as originally presented in print media which may or may not have originally presented the facts truthfully. Opinion and thoughts have been adapted, edited, corrected, redacted, combined, added to, re-edited and re-corrected as nearly all opinion and thought has been throughout time but has been done so in the spirit of the original writer with the intent of making his or her thoughts and opinions clearer and relevant to the reader in the present time.


Fair Use Notice
This site may contain copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of criminal justice, human rights, political, economic, democratic, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information see: www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Dedicated to the establishment of knowledge, truth, justice and a clear understanding of reality as the American way!
Copyright © Lawrence Turner
All Rights Reserved