[118695] in Cypherpunks
SNET: 'dollarization' 2/2
daemon@ATHENA.MIT.EDU (Vladimir Z. Nuri)
Tue Oct 5 23:54:01 1999
Message-Id: <199910060335.UAA11851@netcom13.netcom.com>
To: cypherpunks@cyberpass.net
Date: Tue, 05 Oct 99 20:35:46 -0700
From: "Vladimir Z. Nuri" <vznuri@netcom.com>
Reply-To: "Vladimir Z. Nuri" <vznuri@netcom.com>
From: "Bard" <archibaldbard@earthlink.net>
Subject: SNET: 'dollarization' 2/2
Date: Mon, 4 Oct 1999 10:40:21 -0700
To: "Conservative" <conservative@onelist.com>, "Conspiracy Theory Research List" <CTRL@LISTSERV.AOL.COM>, "FreedomFight" <freedomfight@egroups.com>, "Globalist Agendas Debate and Discussion List" <AGENDAS@MAELSTROM.STJOHNS.EDU>, "Roundtable" <Roundtable@flinet.com>, "Snetnews" <snetnews@world.std.com>
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"The Three Marketeers"
We offer as "Exhibit A" the Time magazine cover story for February 15, 1999,
which must surely rank as one of the most extraordinary propaganda and
disinformation pieces of this decade, if not of this century. Along with the
headline, "The Committee to Save the World," the cover featured the beaming
visages of Federal Reserve Chairman Alan Greenspan, then- Treasury Secretary
Robert Rubin, and Deputy Treasury Secretary (now Treasury Secretary)
Lawrence Summers, with this riveting subtitle: "The inside story of how the
Three Marketeers have prevented a global economic meltdown — so far."
This was more than your standard, CFR Insider puff piece aimed at honoring
and promoting a few of its own. It was designed as one of the major
centerpieces in an accelerated and intensified propaganda war unleashed by
the CFR one-world cabal over the past few months to advance a number of key
objectives, all of which, ultimately, are directed toward propelling the
program of economic, political, and military "convergence" into their
planned, Orwellian new world order. Realizing that their proposals for
international political and military convergence face strong nationalist
objections — objections that will more readily be overcome once economic
convergence is well established — the one-world advocates have been pushing
the economic "reform" and "restructuring" agenda full tilt.
The main purpose of the Time story is twofold: to incite near panic in the
American public concerning various "crises" that could initiate a global
economic implosion; and to offer panic relief in the form of economic crisis
managers of super-human genius and wisdom in whom we must place complete
authority to manage our planet’s economic assets and policies. "In late
night phone calls, in marathon meetings," writes Time magazine’s Joshua
Cooper Ramo, "… these three men — Robert Rubin, Alan Greenspan and Larry
Summers — are working to stop what has become a plague of economic panic."
According to Mr. Ramo’s gushingly adulatory screed — replete with lavish,
flattering photo spreads — citizens Rubin, Greenspan, and Summers are
ethereal creatures, virtual demigods, with celestial intelligence and
selfless virtue not available to mere mortals. "What holds them together,"
says Ramo, "is a passion for thinking and an inextinguishable curiosity
about a new economic order that is unfolding before them like an Alice in
Wonderland world." The reference to Lewis Carroll’s nonsensical storybook
world is entirely apropos, particularly if one keeps in mind that Alice’s
dreamscape, which began as amusingly absurd, rapidly degenerated into one
that was not merely terrifying and nightmarish, but decidedly dangerous —
with lots of nasty people trying to chop off her head. And, it should be
noted, this divine trio (Ramo calls them "The Trinity") is not passively
observing this "unfolding" new order, but is actively involved in creating
the worldwide disorder that is generating the "consensus" on the absolute
"necessity" to adopt their global solutions.
"The sheer fascination of inventing a 21st century financial system
motivates them more than the usual Washington drugs of power and money,"
says Ramo admiringly. No doubt the "Trinity" is fascinated indeed with its
heady mission of "inventing" and "saving" the world. But is not holding the
economic destiny of the planet in one’s hands the ultimate drug of power and
money? Though the Greenspan-Rubin-Summers pseudo-deity may be in a key
position for wielding power, it is important to realize that it exercises no
power of its own. They are mere temporarily elevated front men, sanctified
technocrats, who implement the plans of a concerted conspiracy of Insiders
that remains behind the scenes. The most visible organizational structure
representing and carrying out the evil plans of these Insider megalomaniacs
is the Council on Foreign Relations.
Greenspan, Rubin, and Summers are, naturally, veteran CFR members. As is
Joshua Cooper Ramo, the editor of Time’s world section, who heaped such
lavish praise upon the trio of economic mega-managers. So are, for that
matter, many other executives and editors at Time magazine and its parent
company, Time Warner. (Time Warner, in fact, is a corporate member of the
CFR.) But Time folks are not unique. Hundreds of their colleagues, who
dominate and control virtually all of our major media, are also members of
the CFR’s "Pratt House fraternity" that has literally been running America
for several decades. And, like Time, they have been campaigning for economic
convergence. Mr. Ramo’s piece is but one of many similar reports in the
broadcast and print media over the past few months that have been aimed at
psychologically softening up the American business community and winning its
acceptance of the dollar as a regional currency.
The World of "Realeconomik"
What makes Mr. Ramo’s article particularly revealing, though, is that it
provides an especially significant admission. He writes: "In the same way
that the threat of mutually assured destruction helped Kissinger replace the
Washington ideology with Realpolitik, the shadow of a massive economic
meltdown has helped the committee sell a market-driven policy that could be
labeled Realeconomik." Aside from the fact that he is engaging in typical
CFR deception by referring to blatantly globalist-statist economic policies
as "market-driven," Ramo confirms that the CFR camarilla is employing a
favorite tactic that has succeeded so fabulously on other fronts: pose a
global specter, real or fictional (which, in either case, you have created
yourself), and then offer a solution that demands vast new power for you and
your cabal of "crisis managers."
Admiral Ward outlined the pattern which we have witnessed so many times
before. He wrote:
Once the ruling members of the CFR have decided that the U.S. Government
should adopt a particular policy, the very substantial research facilities
of CFR are put to work to develop arguments, intellectual and emotional, to
support the new policy, and to confound and discredit, intellectually and
politically, any opposition.
So it was that we began to see a growing parade this year of CFR "wise men"
and their unquestioning followers marching in lock step to push
dollarization as the salvation for our impending economic woes. The
CFR-laden Wall Street Journal has been the chief cheerleader for this
effort.
One of the early Journal volleys this year was fired by Harvard University
Professor of Economics Robert J. Barro in an op-ed column for March 8, 1999
entitled "Let the Dollar Reign From Seattle to Santiago." Dollarization, he
said, is "a good idea, not just for Argentina but for other countries in the
Western Hemisphere. But the dollarization of the Americas won’t happen
without U.S. leadership.... Washington ought to take the lead in promoting
the monetary integration."
When Federal Reserve Chairman Greenspan and Deputy Secretary Summers (who
has since moved up to Secretary, replacing his boss, Rubin, who retired on
July 2nd) appeared before the Senate Joint Economic Committee, they played
the coy coquettes. Greenspan averred that dollarization could "be clearly in
the economic and broader national interest of the United States," but did
not explicitly endorse the proposal. Senator Mack has described the scripted
Greenspan-Summers position on dollarization as "neutral."
The supposedly tepid support by Summers and Greenspan during their Senate
testimony elicited an op-ed piece from Judy Shelton in the Journal on April
29th admonishing them to get behind dollarization:
The issue of dollarization goes to the heart of monetary stability in our
hemisphere. With Mexico and Canada, our two most vital trade partners,
considering the dollarization option at the highest levels of policy
discussion and public debate, the U.S. is compelled to take a position.
These countries are talking about effectively replacing their own currencies
with the U.S. dollar or at least granting their citizens a choice of
currencies. For the three signatory nations to the North American Free Trade
Agreement, it would amount to the establishment of a common currency to more
fully realize the economic returns from a tariff-free common market....
Long-range Effort
Then comes the big whopper. "Dollarization has arisen as a spontaneous
movement within our hemisphere," claims Ms. Shelton. "The ball is in America
’s court; if Washington plays it properly, it will score a powerful victory
for free trade and free markets." But the dollarization bandwagon is about
as spontaneous as the Normandy invasion, and it has nothing to do with free
markets.
There are myriad documents, publications, statements, speeches, conferences,
meetings, and events from the past several decades to which we could point —
time and space permitting — which copiously prove that the current
dollarization drive we are now witnessing is the culmination of a massive,
long-range effort that began many years ago as an intermediate stepping
stone to world government. One such document is Western Hemisphere Economic
Integration, a study by Gary Clyde Hufbauer (CFR, and former CFR vice
president) and Jeffrey J. Schott, published in 1994 by the Institute for
International Economics (IIE). While hardly a household name in America, the
IIE, according to Martin Walker of The London Observer, "may be the most
influential think-tank on the planet," with "an extraordinary record in
turning ideas into effective policy."
The dedication at the beginning of this IIE book reads: "TO DAVID
ROCKEFELLER, For his lifelong devotion to promoting economic development in
Latin America and to improving relations among the countries of the Western
Hemisphere. His wisdom has been an enormous source of encouragement to the
work of the Institute and inspired us to explore the important ties that
unite the Americas."
Mr. Rockefeller, of course, was chairman of the CFR from 1970-1985 and, as
we will see, has played an especially key role in the dollarization and
Western hemispheric economic convergence scheme. Likewise the IIE, which is
virtually joined at the hip to the CFR. The executive director of the IIE is
former U.S. Assistant Secretary of the Treasury for International Affairs C.
Fred Bergsten (CFR), who appeared on May 21st of this year before the House
Banking and Financial Services Committee to argue for the dollarization
power scam. The complete inter-lock between the CFR and the IIE is further
demonstrated by the list of IIE officers and directors provided in the
Hufbauer-Schott study. IIE’s chairman is listed as Peter G. Peterson, who is
also chairman of the board of the CFR, a position he has held since 1985,
when he succeeded David Rockefeller in that position. Chairman of the IIE
Executive Committee is Anthony M. Solomon (CFR). Listed also is the IIE
board of directors, which includes such CFR luminaries as W. Michael
Blumenthal, Carla A. Hills, Donald F. McHenry, Paul A. Volcker, Marina
Whitman, and Andrew Young. Chairman of the Advisory Committee is (surprise!)
Richard N. Cooper (CFR).
One of the members of that same Advisory Committee for the Schott study was
Lawrence H. Summers. Listed as an Honorary Director was Alan Greenspan. So
what did the Hufbauer-Schott study published by the IIE advocate? Very
simply, "a Western Hemisphere Free Trade Area (WHFTA)" following the
sovereignty-destroying, mega-state pattern of the European Union (EU).
"After four decades of dedicated effort," said the report, "Western Europe
has just arrived at the threshold of … monetary union, and fiscal
coordination. It seems likely that trade and investment integration will
proceed at a faster pace within the Western Hemisphere."
"Finally," the study stated, "the more countries that participate in
integration and the wider its scope, the greater the need for some
institutional mechanism to administer the arrangements and to resolve the
inevitable disputes, and the stronger the case for a common legal
framework." (Which means supranational legislative, executive, and judicial
institutions, naturally.) "The European Commission, Council, Parliament, and
Court of Justice have many of the powers of comparable institutions in
federal states," the report noted approvingly before commenting, "On this
subject, we score Europe with a 5 [on a scale of 0 to 5]."
Not satisfied with the EU model, the authors proposed going far beyond it.
They asserted that "integration between NAFTA and Latin America should be
legally open-ended; potentially the WHFTA should include countries outside
the hemisphere." Indeed, presaging Beddoes, they asserted: "Economic logic
suggests that the expansion of NAFTA in an Asian direction is just as
desirable as its expansion in a Latin American direction."
In countless similar studies, speeches, lectures, and programs over the
years, the CFR elitists have prepped the upper echelon of the U.S. and
Western intelligentsia and business communities so that they would
enthusiastically embrace this deadly nostrum — long before it appeared
"spontaneously" for general public consumption. But how did they succeed in
drawing Latin American leaders into this snare and overcoming the
long-standing fear of Yankee "dollar imperialism"? One obvious answer is
that through the lending programs of the International Monetary Fund, World
Bank, and Wall Street banks, they have saddled Latin American countries with
hopeless debt burdens that have left them desperate and willing to try
radical measures. But a more complete answer is to be found in the long-term
activities of groups like the IIE and the Council of the Americas (COA),
which have for two generations been assiduously grooming and tutoring the
business, academic, and political leaders of Latin America.
The COA describes its origins thusly: "In 1965, David Rockefeller and a
group of like-minded business people founded the Council of the Americas
based on the fundamental belief that free markets and private enterprise
offer the most effective means to achieve regional economic growth and
prosperity." (Those so naïve as to believe in the COA’s professed embrace of
"free markets and private enterprise" probably also believe that the Social
Security Administration has set up a bank account with their name on it,
awaiting their retirement!) Among the CFR brotherhood joining Mr.
Rockefeller in the COA’s leadership are COA chairman Robert A. Mosbacher,
Sr., vice chairman Robert E. Wilhelm, treasurer Richard de J. Osborne, and
general counsel Sergio J. Galvis.
Some 240 companies with interests in Latin America — ranging from AT&T, Bank
of America, Coca Cola, Citibank, and Dow Jones & Company to Exxon, Ford,
General Electric, IBM, Microsoft, Newsweek, Turner Broadcasting System,
Wal-Mart, and Xerox — provide impressive muscle (and financial support) for
the COA’s agenda as corporate members. Most of these companies, with a heavy
CFR presence at their executive and directorate levels, have proven to be
reliable supporters of the one-world corporatist line.
Working hand-in-glove with the COA-CFR corporate socialists are the pampered
princelings of the U.S.-tax-dollar-subsidized multilateral lending
institutions like the IMF and the Inter-American Development Bank (IDB),
many of whose officers are also CFR members. The acknowledgment section of
the aforementioned Hufbauer-Schott study, for instance, notes that the
"Inter-American Development Bank provided support for the research
underlying this project and the bank sponsored seminars for the discussion
of its preliminary results." Indeed, a brief survey of the daily faxes we
receive from the IDB, IMF, and their sister institutions makes very plain
the completely corrupt process by which the Insiders form their convergence
"consensus." Each day brings announcements of tens of millions (sometimes
hundreds of millions) of dollars in IDB "loans" for natural gas pipelines in
Mexico, electric power plants in Argentina, highways in Bolivia, coffee
plantations in El Salvador, etc. IDB cooperation can lift a Latin American
politician by financing the programs that make him look good, or help his
opposition by pulling funds and destroying confidence in his economic
program.
Thus, when President Carlos Menem of Argentina and Hugo Chavez, the new
Marxist president of Venezuela, delivered their CFR-scripted speeches at
June COA luncheons in New York, they knew they were addressing sympathetic
movers and shakers of the COA-CFR-IIE-IDB axis who would parlay their
proposals into the new "working consensus" that would become official U.S.
policy.
An American EU
Of course, what the new world order architects have in mind for the Americas
is exactly what they are foisting on Europe in the form of the European
Union and the new euro currency. That evolving supranational monstrosity was
also presented to unwary Europeans as a "spontaneous" movement aimed at
"free trade" and "free markets." But Europeans are belatedly waking up to
the fact that it is no accident that the centralized, socialist bureaucracy
of the EU is strangling their freedoms and national sovereignty. Indeed, it
was planned to develop into exactly that from the start.
Like the slime trail that leads to a slug, virtually every trail of American
policy disasters leads back to the Council on Foreign Relations. There is no
longer reason for any sensible American to doubt that the CFR coterie
intends to take us down the same suicidal path that Europe is now traveling.
The one-world architects of the European Monetary Union (EMU) are openly
advocating an American Monetary Union (AMU), as we have already seen from
the pages of Foreign Affairs.
Words fail to convey the enormity and audacity of this colossal, dangerous
fraud we are witnessing in the current "spontaneous movement" to transform
the Western Hemisphere into a carbon copy of the increasingly tyrannical
European Union. But even that grim prospect of an America under an EU-style,
centrally controlled economic bloc does not begin to convey the seriousness
of the peril we face if we allow these plans to succeed. Regional
"integration" is but a stepping stone to the real objective sought by the
Insiders of this one-world Conspiracy: Total, unrestrained power on a
planetary scale. And if it ever succeeds in attaining that monstrous
objective, we can be sure that the killing fields of Rwanda, Cambodia,
Afghanistan, Ethiopia, China, and Russia will pale by comparison to the
global bloodbath that will be unleashed. Once we are willing to grasp that
fact, we will begin to give even more effort to preventing this nightmare
from ever being realized.
----------------------------------------------------------------------------
----
Plan for the Americas: One Economy, One Military
by William F. Jasper
The Insiders view economic integration as a stepping stone to political
integration — a stealth stratagem that has become all too obvious in the
case of the emerging European government known as the EU (European Union).
And so, in the case of the Americas, it is not surprising that a proposal
has already been advanced for a regional North American military
organization. The idea was formally floated in a study by Lieutenant Colonel
Joseph Nuñez for the U.S. Army War College, entitled "A New United States
Strategy for Mexico." "Moving from bilateral arrangements to a [military]
organization that reflects regional security concerns is a better strategy,"
says Nuñez, "particularly considering our burgeoning trade through NAFTA
[North American Free Trade Agreement] and the growing threat of terrorism
that can penetrate our borders."
The Toronto Star Latin American Bureau, reporting on the Nuñez study on July
7th, reported:
"Nuñez, a 22-year army veteran, said a joint North American command would
expand as free trade involved more countries in the hemisphere. If, for
example, the proposed Free Trade Area of the Americas becomes a reality, the
military command would stretch from Alaska to Tierra del Fuego.
"Asked whether he foresaw the joint North American command leading to an
integrated armed force, with everyone marching under one flag, Nuñez said:
‘I see it growing, with all of the change and integration of new ideas …
what it achieves depends on the types of missions it is assigned.’
"… In his report, Nuñez said a new North American peacekeeping force — which
might be funded 60 percent by the U.S., 25 percent by Canada and 15 percent
by Mexico — would be used for everything from human rights work to hurricane
disaster relief."
© Copyright 1995-1999 American Opinion Publishing Incorporated
http://www.thenewamerican.com/tna/1999/10-11-99/vo15no21_dollarization.htm
Bard
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http://www.jbs.org/
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