USA L O S I N G Trade War Against China !

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USA L O S I N G Trade War Against China !

Postby ምሰጢር » Fri Mar 08, 2019 12:45 pm

No wonder that USA is losing against China, which is backed by the giants Africa and Asia.


The Trade Deficit Continues To Explode, Factories Continue To Be Closed, And U.S. Jobs Continue To Be Sent Overseas

Michael Snyder

Economic Collapse

March 7, 2019

The long-term trends that are gutting the U.S. economy continue to get even worse.

As you will see below, our goods trade deficit with the rest of the world hit a brand new record high in 2018, and most Americans simply do not understand why this is such a massive problem. Every year, we buy far more from the rest of the world than they buy from us, and that means that the amount of money going out of the country far surpasses the amount that is coming in. This constant outflow of cash is one of the reasons why we are unable to pay our bills, and so we have to keep begging the rest of the world to lend us our money back. Needless to say, this is one of the big factors that has fueled our 22 trillion dollar national debt. In addition, when we run absolutely massive trade deficits we lose factories and workers to other countries. Since China joined the WTO in 2001, the United States has lost more than 60,000 factories. As factories keep closing down, community after community is being gutted all across America, and without a doubt this is truly a major national crisis.

Many had been hoping that we could start to turn things around, but instead last year was an absolute disaster.

According to the Commerce Department, our goods trade deficit with the rest of the world was 891.3 billion dollars in 2018. That was a 12.4 percent increase from the year before, and it represented a brand new all-time record high.

If we stay on this path, it is a recipe for national economic suicide. We will continue to be unable to pay our bills, we will continue to have to beg the rest of the world for increasing amounts of money, and our national debt will continue to explode.
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Re: USA L O S I N G Trade War Against China !

Postby ምሰጢር » Fri Mar 08, 2019 1:04 pm

Note: USA is having these huge economic problems despite Africans and Asians are still allowing it to control the global reserve currency.

If Africans and Asians no longer allow the USA to control the global reserve currency (which is still the USD) then the country will be in far worse economic conditions.

ምሰጢር wrote:No wonder that USA is losing against China, which is backed by the giants Africa and Asia.


The Trade Deficit Continues To Explode, Factories Continue To Be Closed, And U.S. Jobs Continue To Be Sent Overseas

Michael Snyder

Economic Collapse

March 7, 2019

The long-term trends that are gutting the U.S. economy continue to get even worse.

As you will see below, our goods trade deficit with the rest of the world hit a brand new record high in 2018, and most Americans simply do not understand why this is such a massive problem. Every year, we buy far more from the rest of the world than they buy from us, and that means that the amount of money going out of the country far surpasses the amount that is coming in. This constant outflow of cash is one of the reasons why we are unable to pay our bills, and so we have to keep begging the rest of the world to lend us our money back. Needless to say, this is one of the big factors that has fueled our 22 trillion dollar national debt. In addition, when we run absolutely massive trade deficits we lose factories and workers to other countries. Since China joined the WTO in 2001, the United States has lost more than 60,000 factories. As factories keep closing down, community after community is being gutted all across America, and without a doubt this is truly a major national crisis.

Many had been hoping that we could start to turn things around, but instead last year was an absolute disaster.

According to the Commerce Department, our goods trade deficit with the rest of the world was 891.3 billion dollars in 2018. That was a 12.4 percent increase from the year before, and it represented a brand new all-time record high.

If we stay on this path, it is a recipe for national economic suicide. We will continue to be unable to pay our bills, we will continue to have to beg the rest of the world for increasing amounts of money, and our national debt will continue to explode.
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Re: USA L O S I N G Trade War Against China !

Postby ምሰጢር » Fri Mar 08, 2019 1:11 pm

Well, in general whites are declining.

The last 500 years whites controlled all manufacturing, arms production and finance, they only needed resources from others.

The situation we have now is, whites are losing all that, and are about to become irrelevant when the non-whites soon control resources, manufacturing, markets and finance.

.

* 1500 - 1950 (2000)

Whites controlled,

1. manufacturing

2. arms production and

3. finance

.

.

* 2000 (2015) -

Non-whites control,

1. resources

2. manufacturing

3. markets and

4. finance (happening or about to happen)


When that process is completed whites would become irrelevant.



These are interesting times indeed.

Following the collapse of the short-lived USA empire a number of countries and groups of countries are right now positioning themselves for global cultural domination.

Africa, China and India are among them, and the three are also the ones with the best chances to culturally dominate the world.

Whites of course want blacks to support their imperial ambitions, but if blacks could gain power and influence for themselves globally why support whites' ambitions ?

Countries and groups of countries now positioning themselves for global cultural domination watching the collapse of the USA empire:

1. Africa

2. China

3. India

4. Turkey

5. Arabs (via islam)

6. Europe

7. Russia

8. Brazil

9. Iran

.

.

.


The top three on the list could arrange things and then they could succeed.

Interesting facts about the three:

They number about 3.9 billion or some 60% of the global population,
and their share is going to increase as India and Africa are growing above the global average.

The three could indeed become masters of the universe because, beside their huge size, they also have influence in other parts of the world,

1. Africa in Americas,

2. China in Asia and some places in Americas and

3. India in Africa, Asia and other places.


ምሰጢር wrote:Note: USA is having these huge economic problems despite Africans and Asians are still allowing it to control the global reserve currency.

If Africans and Asians no longer allow the USA to control the global reserve currency (which is still the USD) then the country will be in far worse economic conditions.

ምሰጢር wrote:No wonder that USA is losing against China, which is backed by the giants Africa and Asia.


The Trade Deficit Continues To Explode, Factories Continue To Be Closed, And U.S. Jobs Continue To Be Sent Overseas

Michael Snyder

Economic Collapse

March 7, 2019

The long-term trends that are gutting the U.S. economy continue to get even worse.

As you will see below, our goods trade deficit with the rest of the world hit a brand new record high in 2018, and most Americans simply do not understand why this is such a massive problem. Every year, we buy far more from the rest of the world than they buy from us, and that means that the amount of money going out of the country far surpasses the amount that is coming in. This constant outflow of cash is one of the reasons why we are unable to pay our bills, and so we have to keep begging the rest of the world to lend us our money back. Needless to say, this is one of the big factors that has fueled our 22 trillion dollar national debt. In addition, when we run absolutely massive trade deficits we lose factories and workers to other countries. Since China joined the WTO in 2001, the United States has lost more than 60,000 factories. As factories keep closing down, community after community is being gutted all across America, and without a doubt this is truly a major national crisis.

Many had been hoping that we could start to turn things around, but instead last year was an absolute disaster.

According to the Commerce Department, our goods trade deficit with the rest of the world was 891.3 billion dollars in 2018. That was a 12.4 percent increase from the year before, and it represented a brand new all-time record high.

If we stay on this path, it is a recipe for national economic suicide. We will continue to be unable to pay our bills, we will continue to have to beg the rest of the world for increasing amounts of money, and our national debt will continue to explode.
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Re: USA L O S I N G Trade War Against China !

Postby ምሰጢር » Fri Mar 08, 2019 4:44 pm

Sad, but whites' best days are now behind them.

White man at the peak of his power early 20th century
Image

The situation we have now is that whites lost their biggest protector and most potent weapon: the Euro-centric worldview.

That is the biggest loss they suffered so far, and the loss is accelerating their decline.

And there is no way the Euro-centric worldview can be saved. :(

The Euro-centric Worldview is DEAD

According to Euro-centrism the Romans/Greeks are the center of Ancient Civilizations shown by the fact that dwarfs like Plato and Aristotle are elevated. When important historical figures outside of Greece/Rome are mentioned, they are ascribed to being white such as the Messiah for example. He is arguably the most IMPORTANT figure in the Biblical era, so, of course, he has to be white ;) ,along with Hebrews & Ancient Egyptians, insist the Euro-centrists.

We have observed that East Asian, New World, India & African civilizations are downplayed by the Euro-centrists compared to Ancient Greece/Rome since anthropologists have only RECENTLY begin to study these Ancient Civilizations. Knowing history is important since it helps to create a more REALISTIC worldview instead of the now dying Euro-centric worldview we have became accustomed to. Sorry but now most people don't believe & accept Euro-centric worldviews.

Many of us know this worldview is created for ECONOMIC, SOCIAL & POLITICAL reasons.
.

The Euro-centric worldview under attack in South Africa:

* UTC students in South Africa set “White Devil’s Books” on fire, dance around burning Art, Paintings
https://www.youtube.com/watch?v=WGeNLIlAb-Q

To give you an idea about the Euro-centric worldview, according to it the Ancient Egyptians were non-African or non-black. Also, the Euro-centric worldview paints Europeans and people of European descent as explorers, inventors, humanitarians, healers etc, while a rival worldview, the Afro-centric worldview, paints them as parasites, deceivers, oppressors, robbers, killers, etc.
.

Whites' biggest powers:

1. Euro-centric worldview

2. Control of money through control of central banks of countries

3. The USA world order comprised of UNO, IMF, World Bank & WTO

.

To 1:

The Euro-centric worldview is whites' most potent weapon.

Who are the propagators of the Euro-centric worldview ?

1. CIA

2. media

3. hollywood

4. church

5. education system

6. popular culture

7. literature

.

To fight the Euro-centric worldview we need to start labeling institutions (like educational institutions and media organizations), literature, publications, etc as "Euro-centric" and ban or boycott them, the sooner the better. No time to lose here, this is urgent !


The End of the Western Era.

The Western era was started,

1. by black capital or capital accumulated through black labor and

2. by black invention


Of course that is not what you hear in the West, because white history-telling (Euro-centric worldview) is about lies and deception.

Image

Image

For example most European music instruments were copied from Africans. The whites invented no music instrument of significance. Most of all, all their great architectures are copies from the Ancient Egyptians. The last two thousand years or so whites could not invent anything of significance in architecture. In Greece, Rome, Britain and Washington DC, what you see is architecture invented by the Ancient Egyptians thousands of years ago.

The black original
Image

The white copy
Image

Black Original
Image

White Copy
Image

Indications that music instruments did not exist in Europe say prior to the 11th century,

1. the great european musicians showed up in later centuries.

Wolfgang Amadeus Mozart (1756-1791)
Ludwig van Beethoven (1770-1827)


2. no orchestras existed in Europe prior to the era of the "European traveller".

" In the 11th century the first orchestras were made up of small group musicians performing for festivals, but the true modern orchestras didn't start until the late 16th(!) century. "

That there were no musicians and orchestras in Europe in the 10th, 9th, 5th etc centuries only means that there were no music instruments in Europe in those times. They had yet to be copied by the "European traveller" from other races in later centuries using drawings.
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Re: USA L O S I N G Trade War Against China !

Postby ምሰጢር » Mon Apr 01, 2019 11:58 pm

It looks like China is winning in the trade war against USA, no wonder that USA is losing against China, which is backed by the giants Africa and Asia.
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Re: USA L O S I N G Trade War Against China !

Postby ምሰጢር » Thu Apr 04, 2019 2:59 pm

So-called alternative media spreading CIA propaganda !

Ha, ha, this is an indication that USA is REALLY losing the trade war against China.

China's Han Superstate: The New Third Reich

Thu, 04/04/2019 - 02:00


Hmmm ...
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Re: USA L O S I N G Trade War Against China !

Postby ምሰጢር » Thu May 02, 2019 5:49 am

500 years white rule ending !

... Historian Andrew Roberts reports that Winston Churchill said just after Pearl Harbor that “in the event of war, the Japanese would ‘fold up like the Italians,’ because they were ‘the wops of the Far East.’” The West chronically underestimates Asians, as the Russians found out at Port Arthur, the Americans at Pearl Harbor and the Yalu River, the British at Singapore, and so forth.

A case in point is the present tariff war. The U.S. assumed that tariffs on Chinese imports would force China to make fundamental concessions to American trade demands. On January 6, President Donald Trump said, “China’s not doing very well now. It puts us in a very strong position. We are doing very well.” Since then China’s CSI 300 stock index has gained 37% during 2019 to date, double the gain in U.S. stock markets. China’s economic growth has accelerated while America’s has slowed. The tariff war may have hurt the U.S. economy more than China’s. With an internal market of 1.4 billion people, China can replace lost foreign business by increasing internal demand. Ten years ago exports made up 36% of China’s gross domestic product versus only 18% today. World trade is shrinking, but the impact on China is manageable.


ምሰጢር wrote:Well, in general whites are declining.

The last 500 years whites controlled all manufacturing, arms production and finance, they only needed resources from others.

The situation we have now is, whites are losing all that, and are about to become irrelevant when the non-whites soon control resources, manufacturing, markets and finance.

.

* 1500 - 1950 (2000)

Whites controlled,

1. manufacturing

2. arms production and

3. finance

.

.

* 2000 (2015) -

Non-whites control,

1. resources

2. manufacturing

3. markets and

4. finance (happening or about to happen)


When that process is completed whites would become irrelevant.



These are interesting times indeed.

Following the collapse of the short-lived USA empire a number of countries and groups of countries are right now positioning themselves for global cultural domination.

Africa, China and India are among them, and the three are also the ones with the best chances to culturally dominate the world.

Whites of course want blacks to support their imperial ambitions, but if blacks could gain power and influence for themselves globally why support whites' ambitions ?

Countries and groups of countries now positioning themselves for global cultural domination watching the collapse of the USA empire:

1. Africa

2. China

3. India

4. Turkey

5. Arabs (via islam)

6. Europe

7. Russia

8. Brazil

9. Iran

.

.

.


The top three on the list could arrange things and then they could succeed.

Interesting facts about the three:

They number about 3.9 billion or some 60% of the global population,
and their share is going to increase as India and Africa are growing above the global average.

The three could indeed become masters of the universe because, beside their huge size, they also have influence in other parts of the world,

1. Africa in Americas,

2. China in Asia and some places in Americas and

3. India in Africa, Asia and other places.

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Re: USA L O S I N G Trade War Against China !

Postby ምሰጢር » Mon May 06, 2019 6:11 pm

The United States has been losing, for many years, 600 to 800 Billion Dollars a year on Trade. With China we lose 500 Billion Dollars. Sorry, we’re not going to be doing that anymore!


Wot ?!

Hundreds of billions of USD annually are peanuts !

USA and company have been parasitizing the rest of the world trillions of USD annually for decades.

Now we have zero tolerance for white power and influence, and the Euro-centric global order !


Image

ምሰጢር wrote:The Euro-centric global order is now collapsing and soon jews and whites will no longer have power and influence as they lose control over the global financial system and the global reserve currency, as their intelligence agencies CIA, MI6, Mossad and company get neutralized when diplomatic immunity is lifted for them and for many other reasons.

The developments we are witnessing these days must be frightening for whites, as they could lead to the end of many white privileges, including tens of trillions USD annually. The Africans and Asians, some of whom view themselves as "Herrenrasse", are working hard to destroy the Euro-centric global order.

ምሰጢር wrote:Thousands of years ago whites adopted lie and deception as a survival strategy to compensate for lack of creativity and intelligence.
Image

Today the areas whites apply that strategy most are,

1. Finance

2. Economy

3. Media

4. Education and

5. Politics/Diplomacy


Quote:

EUROPE & USA Scared to lose 40 Trillion USD Annual Income !

EUROPE & USA are scared to lose 40 Trillion USD (1/3 of the global GDP) annual income when the USA world order collapses.

Most of us are not aware, and that is so by design, that the economic model that was imposed by the USA in 1945 was in simple terms,

1. to take wealth primarily from Africa and Latin America, and also from Asia and,

2. to give it to Europe and North America.

Of course in reality that happened in very complex ways, say in the form of declining prices for commodities and rising prices for industrial goods, manipulation of exchange rates of currencies, creation of "soft currencies" and "hard currencies", manipulation of interest rates, manipulation of credit ratings, petrodollar, global reserve currency status of the USD, USD denominated debt, derivatives, etc.

Europe and USA could do that because they controlled the global financial system, now they are about to lose that control.

.

The USA era is ending now. It was yet another short-lived white empire. :(


A short analysis of the short-lived USA era.

Components of the USA empire:

1. military with hundreds of bases around the world

2. information collection bases around the world (so-called embassies)

3. financial centers

4. international institutions

5. media

6. culture

7. vatican

And in recent years after the collapse of the Soviet Union the country was building up an economic empire through IMF and world bank, it was also in the process of indirectly ruling more and more countries through proxies.

Thanks god, that process was brought to an end starting in the early 2000s among others due to,

1. rise of Asia, particularly China,

2. spread of the internet,

3. al qaeda.


.

The USA era (1945 - 2008) in retrospect

Winners and losers of the US American era:

.

Winners

1. USA

2. UK,Canada,Australia,New Zealand

3. West Europe

4. East Asia (partly)

5. South East Asia (partly)

.

Losers

1. Africa

2. Latin America

3. Middle East

4. Islamic world

5. East Europe

.

The spider's web: Britain's second empire
https://www.youtube.com/watch?v=np_ylvc8Zj8
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Re: USA L O S I N G Trade War Against China !

Postby ምሰጢር » Sun May 12, 2019 7:42 pm

Now USA is sounding desperate. I would say, not a good idea. ;)

Trump Warns China To "Act Now" On Deal Or Face "Far Worse" Terms

Sun, 05/12/2019 - 09:57


USA (GDP 20.5 Trillion USD) is a declining power, China (GDP 25.3 Trillion USD) is on the rise and its response is cryptic. It sounds like, it hopes Trump wont be in power in two years.

The sooner new tariffs on $300 b of Chinese goods come, the better. That means trade war comes to the 1st turning point, shifting from a comprehensive US offensive to a stalemate. The two sides will then compete on endurance. China’s political system will ensure we won’t lose.

— Hu Xijin 胡锡进 (@HuXijin_GT) May 12, 2019


Image
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Re: USA L O S I N G Trade War Against China !

Postby ምሰጢር » Mon May 13, 2019 1:48 pm

Futures Tumble As China Unveils Retaliatory Tariffs

Mon, 05/13/2019 - 08:14

After vowing over the weekend to "never surrender to external pressure", Beijing has defied President Trump's demands that it not resort to retaliatory tariffs and announced plans to slap new levies on $60 billion in US goods.

CHINA SAYS TO RAISE TARIFFS ON SOME U.S. GOODS FROM JUNE 1
CHINA SAYS TO RAISE TARIFFS ON $60B OF U.S. GOODS
CHINA SAYS TO RAISE TARIFFS ON 2493 U.S. GOODS TO 25%
CHINA MAY STOP PURCHASING US AGRICULTURAL PRODUCTS:GLOBAL TIMES
CHINA MAY REDUCE BOEING ORDERS: GLOBAL TIMES


---> CHINA MAY REDUCE BOEING ORDERS

Far effective would be if China could repeat what it did below and manufacture aircrafts that are equal to or better than Boeing and Airbus. These days customers around the world are desperate for an alternative to Boeing (also Airbus). Boeing and Airbus assume that it would take China "decades" to develop aircrafts that are of the same quality as Boeing and Airbus.

Early in 2018, the United States banned exports of U.S. components to the Chinese telecommunications equipment maker ZTE, which violated U.S. sanctions on Iran. Huawei, the dominant Chinese telecom equipment maker, undertook a crash program to devise substitutes for the U.S. chips that power Chinese-made handsets, and achieved self-sufficiency as of December 2018. Now a Japanese study reports that Huawei’s handset chips are equal to or better than Apple’s.
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Re: USA L O S I N G Trade War Against China !

Postby ምሰጢር » Sat May 18, 2019 11:59 pm

What is written right below seems to contradict what is written at the bottom, where it is written that ZTE/Huawei are self-sufficient in chips.

Commerce Dept. Adds Huawei to Entities List, Banning Firm’s Access to U.S. Tech Products Worldwide; Listing Is Tantamount to “Death Penalty,” Would Have Destroyed ZTE If Trump Had Not Caved!; Will He Trade Huawei for Some of Xi’s Chocolate Cake?; If China Dumps Treasuries, Federal Reserve Must Buy Them Up and Support Price in National Interest!


ምሰጢር wrote:
Futures Tumble As China Unveils Retaliatory Tariffs

Mon, 05/13/2019 - 08:14

After vowing over the weekend to "never surrender to external pressure", Beijing has defied President Trump's demands that it not resort to retaliatory tariffs and announced plans to slap new levies on $60 billion in US goods.

CHINA SAYS TO RAISE TARIFFS ON SOME U.S. GOODS FROM JUNE 1
CHINA SAYS TO RAISE TARIFFS ON $60B OF U.S. GOODS
CHINA SAYS TO RAISE TARIFFS ON 2493 U.S. GOODS TO 25%
CHINA MAY STOP PURCHASING US AGRICULTURAL PRODUCTS:GLOBAL TIMES
CHINA MAY REDUCE BOEING ORDERS: GLOBAL TIMES


---> CHINA MAY REDUCE BOEING ORDERS

Far effective would be if China could repeat what it did below and manufacture aircrafts that are equal to or better than Boeing and Airbus. These days customers around the world are desperate for an alternative to Boeing (also Airbus). Boeing and Airbus assume that it would take China "decades" to develop aircrafts that are of the same quality as Boeing and Airbus.

Early in 2018, the United States banned exports of U.S. components to the Chinese telecommunications equipment maker ZTE, which violated U.S. sanctions on Iran. Huawei, the dominant Chinese telecom equipment maker, undertook a crash program to devise substitutes for the U.S. chips that power Chinese-made handsets, and achieved self-sufficiency as of December 2018. Now a Japanese study reports that Huawei’s handset chips are equal to or better than Apple’s.
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Re: USA L O S I N G Trade War Against China !

Postby ምሰጢር » Sun May 19, 2019 11:05 pm

USA bent on preventing China's technological progress.

Reuters reports that Google is pulling Huawei’s Android license. That’s a huge development. Will mean Huawei loses Android updates immediately, and no more Google Play Store access.
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Re: USA L O S I N G Trade War Against China !

Postby ምሰጢር » Tue May 28, 2019 9:59 pm

With Huawei facing a growing siege of (former) global partners who have now flipped and joined the US in boycotting the Chinese telecom giant, which reportedly reverse-engineered and "industrial sabotaged" its way to global domination, on Tuesday Reuters reported that Huawei is reviewing its relationship with FedEx Corp after it accused the U.S. logistics giant - which has issued two consecutive earnings warnings in a row - of divering two parcels destined for Huawei addresses in Asia to the United States and attempted to reroute two others, without detailed explanation.

LMAO,

USA now plays the victim although industrial sabotage or economic sabotage was what it has been doing against regions like Africa for decades.


Quote:

Are you aware that USA had a secret "economic sabotage" policy against Africa since 1945 ? It implemented that policy using the IMF, World Bank, CIA, Wall Street and others.

"... Having undone Nkrumah, the United States started to control affairs with the IMF putting a stop to Nkrumah’s industrialisation policy. "

https://www.africanexponent.com/post/78 ... me-nkrumah
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Re: USA L O S I N G Trade War Against China !

Postby ምሰጢር » Wed May 29, 2019 12:44 am

IMF and World Bank are FINANCIAL WEAPONS of USA in an UNCONVENTIONAL WARFARE as many long suspected !

USA can do that because we allow it to control the global financial system and the global reserve currency (USD). High time to end that !

We can assume that in 1945 USA made the secret decision: Regions A and B are allowed to have an industrialized economy, regions C, D and E have to be agrarian and suppliers of raw materials. To rationalize such sabotages trickster USA invented all kinds of shit theories (comparative advantage, etc) and spread them through IMF and World Bank. Understandable that USA is foaming, now that it has lost influence in the regions C, D and E.


Quote:

WikiLeaks Reveals US Military Use Of IMF, World Bank As “Unconventional” Weapons

This leaked “U.S. coup manual” serves as a reminder that the so-called “independence” of such financial institutions as The World Bank and IMF is an illusion and that they are among the many “financial weapons” regularly used by the U.S. government…

Authored by Whitney Webb via MintPressNews.com,

In a leaked military manual on “unconventional warfare” recently highlighted by WikiLeaks, the U.S. Army states that major global financial institutions — such as the World Bank, International Monetary Fund (IMF), and the Organization for Economic Cooperation and Development (OECD) — are used as unconventional, financial “weapons in times of conflict up to and including large-scale general war,” as well as in leveraging “the policies and cooperation of state governments.”

The document, officially titled “Field Manual (FM) 3-05.130, Army Special Operations Forces Unconventional Warfare” and originally written in September 2008, was recently highlighted by WikiLeaks on Twitter in light of recent events in Venezuela as well as the years-long, U.S.-led economic siege of that country through sanctions and other means of economic warfare. Though the document has generated new interest in recent days, it had originally been released by WikiLeaks in December 2008 and has been described as the military’s “regime change handbook.”

WikiLeaks’ recent tweets on the subject drew attention to a single section of the 248-page-long document, titled “Financial Instrument of U.S. National Power and Unconventional Warfare.” This section in particular notes that the U.S. government applies “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,” and specifically names the World Bank, IMF and The Organisation for Economic Co-operation and Development (OECD), as well as the Bank for International Settlements (BIS), as “U.S. diplomatic-financial venues to accomplish” such goals.

The manual also touts the “state manipulation of tax and interest rates” along with other “legal and bureaucratic measures” to “open, modify or close financial flows”and further states that the U.S. Treasury’s Office of Foreign Assets Control (OFAC) – which oversees U.S. sanctions on other nations, like Venezuela — “has a long history of conducting economic warfare valuable to any ARSOF [Army Special Operations Forces] UW [Unconventional Warfare] campaign.”

This section of the manual goes on to note that these financial weapons can be used by the U.S. military to create “financial incentives or disincentives to persuade adversaries, allies and surrogates to modify their behavior at the theater strategic, operational, and tactical levels” and that such unconventional warfare campaigns are highly coordinated with the State Department and the Intelligence Community in determining “which elements of the human terrain in UWOA [Unconventional Warfare Operations Area] are most susceptible to financial engagement.”

The role of these “independent” international financial institutions as extensions of U.S. imperial power is elaborated elsewhere in the manual and several of these institutions are described in detail in an appendix to the manual titled “The Financial Instrument of National Power.” Notably, the World Bank and the IMF are listed as both Financial Instruments and Diplomatic Instruments of U.S. National Power as well as integral parts of what the manual calls the “current global governance system.”

Furthermore, the manual states that the U.S. military “understand[s] that properly integrated manipulation of economic power can and should be a component of UW,” meaning that these weapons are a regular feature of unconventional warfare campaigns waged by the United States.

Another point of interest is that these financial weapons are largely governed by the National Security Council (NSC), which is currently headed by John Bolton. The document notes that the NSC “has primary responsibility for the integration of the economic and military instruments of national power abroad.”

“Independent” but controlled

Though the unconventional warfare manual is notable for stating so openly that “independent” financial institutions like the World Bank and the IMF are essentially extensions of U.S. government power, analysts have noted for decades that these institutions have consistently pushed U.S. geopolitical goals abroad.

Indeed, the myth of World Bank and IMF “independence” is quickly eroded by merely looking at the structure and funding of each institution. In the case of the World Bank, the institution is located in Washington and the organization’s president has always been a U.S. citizen chosen directly by the president of the United States. In the World Bank’s entire history, the institution’s Board of Governors has never rejected Washington’s pick.

This past Monday, it was reported that President Donald Trump nominated former Bear Stearns economist David Malpass to lead the World Bank. Malpass had famously failed to foresee the destruction of his former employer during the 2008 financial crisis and is likely to limit World Bank loans to China and to countries allied or allying with China, given his well-established reputation as a China hawk.

In addition to choosing its president, the U.S. is also the bank’s largest shareholder, making it the only member nation to have veto rights. Indeed, as the leaked unconventional warfare manual notes, “As major decisions require an 85% supermajority, the United States can block any major changes” to World Bank policy or the services it offers. Furthermore, the U.S. Treasury Secretary, former Goldman Sachs banker and “foreclosure king,” Steve Mnuchin, functions as the World Bank’s governor.

Though the IMF is different from the World Bank in several respects, such as its stated mission and focus, it too is largely dominated by U.S. government influence and funding. For instance, the IMF is also based in Washington and the U.S. is the company’s largest shareholder — the largest by far, owning 17.46 percent of the institution – and also pays the largest quota for the institution’s maintenance, paying $164 billion in IMF financial commitments annually. Though the U.S. does not choose the IMF’s top executive, it uses its privileged position as the institution’s largest funder to control IMF policy by threatening to withhold its IMF funding if the institution does not abide by Washington’s demands.

Protestors hold an effigy of Captain America with a photo of IMF Director Christine Lagarde during meetings by the IMF and World Bank in Lima, Peru, Oct. 9, 2015. Geraldo Caso Bizama | AP

As a consequence of the lopsided influence of the U.S. on these institutions’ behavior, these organizations have used their loans and grants to “trap” nations in debt and have imposed “structural adjustment” programs on these debt-saddled governments that result in the mass privatization of state assets, deregulation, and austerity that routinely benefit foreign corporations over local economies. Frequently, these very institutions – by pressuring countries to deregulate their financial sector and through corrupt dealings with state actors – bring about the very economic problems that they then swoop in to “fix.”

Guaidó hits up IMF

Given the close relationship between the U.S. government and these international financial institutions, it should come as little surprise that – in Venezuela – the U.S.-backed “interim president” Juan Guaidó – hasalready requested IMF funds, and thus IMF-controlled debt, to fund his parallel government.

This is highly significant because it shows that top among Guaidó’s objectives, in addition to privatizing Venezuela’s massive oil reserves, is to again shackle the country to the U.S.-controlled debt machine.

As the Grayzone Project recently noted:

Venezuela’s previous elected socialist president, Hugo Chávez, broke ties with the IMF and World Bank, which he noted were “dominated by US imperialism.” Instead Venezuela and other left-wing governments in Latin America worked together to co-found the Bank of the South, as a counterbalance to the IMF and World Bank.”

However, Venezuela is far from the only country in Latin America being targeted by these financial weapons masquerading as “independent” financial institutions. For instance, Ecuador – whose current president has sought to bring the country back into Washington’s good graces – has gone so far as to conduct an “audit” of its asylum of journalist and WikiLeaks publisher Julian Assange in order to win a $10 billion bailout from the IMF. Ecuador granted Assange asylum in 2012 and the U.S. has fervently sought his extradition for still sealed charges ever since.

In addition, last July, the U.S. threatened Ecuador with “punishing trade measures” if it introduced a measure at the UN to support breastfeeding over infant formula, in a move that stunned the international community but laid bare the willingness of the U.S. government to use “economic weapons” against Latin American nations.

Beyond Ecuador, other recent targets of massive IMF and World Bank “warfare” include Argentina, which awarded the largest IMF bailout loan in history just last year. That loan package was, unsurprisingly, heavily pushed by the U.S., according to a statement from Treasury Secretary Mnuchin released last year. Notably, the IMF was instrumental in causing the complete collapse of the Argentinian economy in 2001, sending a poor omen for last year’s approval of the record loan package.

Though it was released over a decade ago, this “U.S. coup manual” recently highlighted by WikiLeaks serves as a salient reminder that the so-called “independence” of these financial institutions is an illusion and that they are among the many “financial weapons” regularly used by the U.S. government to bend countries to its will and even overthrow U.S.-disfavored governments.

https://truth4freedom.wordpress.com/201 ... ero-hedge/
Because he killed his wife he took shelter with his in-laws.
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