Jul 212012
 

 

By greydogg, 99GetSmart

From Tyler Durden @ zerohedge:

The rats everywhere are now jumping furiously off the Titanic, but few had taken the time to write a letter explaining in detail just how cracked and broken the hull really was. This has now changed, with the departure of Peter Doyle, formerly a division chief in the IMF’s European Department responsible for non-crisis countries and currently an adviser to the Fund. Not content with quietly slinking off the scandal ridden organization which has become the butt of all jokes in the international community, where humor about Lagarde’s Louis Vuitton panhandling bag is as pervasive as punchlines about just how incompetent the organization is at actually doing its duty, Doyle has penned the following scathing letter which tears down every myth about the IMF: from its impartiality, to the selection process of its head, to its effectiveness. The letter also contains the following gem: “After twenty years of service, I am ashamed to have had any association with the Fund at all.” Pretty much says it all. This is a scandal in the making, and one which may shake to the core the credibility of the IMF in the context of international organization.

———————–

Full letter (pdf)

European Department
Washington DC
June 18, 2012

To Mr. Shaalan, Dean of the IMF Executive Board

Today, I addressed the Executive Board for the last time—because I am leaving the Fund.

Accordingly, I wanted first to formally express my deep appreciation to the Swedish, Israeli, and Danish authorities with whom I have worked recently, as well as all others with whom I have worked earlier, for their extraordinary generosity towards me personally.

But I also wanted to take this opportunity to explain my departure.

After twenty years of service, I am ashamed to have had any association with the Fund at all.

This is not solely because of the incompetence that was partly chronicled by the OIA report into the global crisis and the TSR report on surveillance ahead of the Euro Area crisis. Moreso, it is because the substantive difficulties in these crises, as with others, were identified well in advance but were suppressed here. Given long gestation periods and protracted international decision-making processes to head off both these global challenges, timely sustained warnings were of the essence. So the failure of the Fund to issue them is a failing of the first order, even if such warnings may not have been heeded. The consequences include suffering (and risk of worse to come) for many including Greece, that the second global reserve currency is on the brink, and that the Fund for the past two years has been playing catch-up and reactive roles in the last-ditch efforts to save it.

Further, the proximate factors which produced these failings of IMF surveillance—analytical risk aversion, bilateral priority, and European bias—are, if anything, becoming more deeply entrenched, notwithstanding initiatives which purport to address them. This fact is most clear in regard to appointments for Managing Director which, over the past decade, have all-too-evidently been disastrous. Even the current incumbent is tainted, as neither her gender, integrity, or élan can make up for the fundamental illegitimacy of the selection process. In a hierarchical place like this, the implications of those choices filter directly to others in senior management, and via the appointments, fixed term contracts, and succession planning of senior staff, they go on to infuse the organization as a whole, overwhelming everything else. A handicapped Fund, subject to those proximate roots of surveillance failure, is what the Executive Board prefers. Would that I had understood twenty years ago that this would be the choice.

There are good salty people here. But this one is moving on. You might want to take care not to lose the others.

cc. Ms. Nemat Shafik
Mr. Stanley Fischer
Mr. Stephan Ingves
Mr. Benny Andersen
Mr. Alex Gibbs
Mr. Eric Meyer
Mr. Amit Friedman
Mr. Martin Holmberg
Mr. Reza Moghadam
Mr. Mark Plant
Mr. Brad McDonald

———————–

This is how the IMF describes itself on its ABOUT page: 

The International Monetary Fund (IMF) is an organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

SCORECARD:

  • secure financial stability – (where?) FAIL
  • facilitate international trade – (at what cost?) FAIL
  • promote high employment – (like in Greece and Spain?) FAIL
  • sustainable economic growth – (where, Christine’s bank account?) FAIL
  • reduce poverty around the world – (again, where?) FAIL

CONCLUSION:

Christine Lagarde and the IMF are parasites feasting on humanity. The IMF is a criminal organization – repeat offenders, conspirators and the source of humanitarian crises around the world.

In a just world, each and every former or present IMF employee would be indicted and prosecuted for crimes against humanity, including, Peter Doyle. His letter gives one the sense that he is a conniving psychopath, trying and failing to redeem himself. I predict a self-congratulatory book tour in his future.

However, no matter how many people Mr. Doyle throws under the bus in his pathetic attempt to cloak himself in honor and dignity, the blood stains on his hands are an eternal reminder that a dishonorable life, devoted to systematically inflicting extreme and brutal poverty on humanity, by the most ruthless means possible, cannot be erased. After 20 years of ratdom, a single mea culpa does not a non-rat make.

Everywhere the IMF goes, disaster capitalism follows.

For a closer look at IMF handiwork, check out this documentary …

Life and Debt – Jamaica’s IMF / World Bank Peril:

Jun 142012
 

By aquabuddha, 99GetSmart

Democracy Now! aired an interview with Lori Wallach of Citizenstrade.org. She exposes the leaked draft of the secretive trade agreement known as the Trans-Pacific Partnership Agreement (TPP). The newly leaked TPP draft is described by Citizens Trade Campaign as containing Special Rights for Corporations.

Only 600 corporate advisers have seen the text of this agreement, while Senator Ron Wyden, Chair of the Senate Trade Committee, has been denied access to the text of the agreement for 2 ½ years. Essentially, this new trade deal, which has been kept secret from the public as well as our elected officials, would give corporations complete control over our government.

According to Citizens Trade campaign, “The new texts reveal that TPP negotiators are considering a dispute resolution process that would grant transnational corporations special authority to challenge countries’ laws, regulations and court decisions in international tribunals that circumvent domestic judicial systems.”

Fire Dog Lake notes:

Under the agreement currently being advocated by the Obama administration, American corporations would continue to be subject to domestic laws and regulations on the environment, banking and other issues. But foreign corporations operating within the U.S. would be permitted to appeal key American legal or regulatory rulings to an international tribunal. That international tribunal would be granted the power to overrule American law and impose trade sanctions on the United States for failing to abide by its rulings.”

Lori Wallach, in her interview with Democracy Now!, explained that corporations will have the ability to sue any government for not allowing them to pollute, for example. Lawsuits will be decided upon by a secretive tribunal made of three corporate attorneys.

In essence, the TPP will undermine the national sovereignty of any nation that signs the agreement.

Lori Wallach states:

“It’s been branded as a trade agreement but it’s really enforceable global corporate governance. It requires any signatory country to confirm its laws, regulations and administrative procedures to 26 chapters of comprehensive rules, only two of which have to do with trade. The other 24 chapters sets forth a whole new corporate set of rights that handcuffs governments and limits regulations.”

“The new rights give foreign corporations the right to privately enforce this public treaty and sue our government, raiding our treasury over the costs of complying with policies that all US companies have to comply with.”

“This isn’t just a bad trade agreement, it’s the 1 percenters power tool that could rip up our basic needs and rights.”

“Across all of the countries involved, their citizen movements are saying, ‘This is not in our name. We do not need global enforceable corporate rights. We need more democracy. We need more accountability’.  This agreement is the antithesis”.

“Nothing the public interests groups have said is reflected in the agreement. The US position on the agreement is the most extreme. It’s even blocking countries involved having the ability to use financial regulations, financial stability.”

It was also leaked that those involved in writing the agreement had to sign a secrecy agreement which prevents any of the text of the agreement to be known to the public until four years after its complication.

Wallach goes on to explain, “These agreements are not about trade, they are like cement. Once the cement dries on these agreements, you can’t change the rules unless all the other countries involved agree to amend the agreement. What we are talking about here with this leak chapter is literally a parallel system of justice. Corporations would have a parallel system of private attorneys, three of them with no conflict of interest laws. The US and other countries would submit themselves to the jurisdiction of this corporate kangaroo court. These three random attorneys would have the right to order the US government to pay unlimited amounts of our tax dollars to corporations and investors who a. claim regulatory costs that need to be refunded or b. claim they aren’t being treated well enough, regardless if the exact same policies apply to all of us.”

The 8 nations currently involved are Australia, Brunei, New Zealand, Singapore, Chile, Peru, Vietnam and the US. Malaysia has just joined. However, the TPP is being left as an open ended agreement that any country can agree to join in the future. Wallach goes on to state, “It could very well be the last trade agreement that is negotiated … once it’s done, any other country can join … it’s an agreement that can ultimately have the entire world in it, as a set of binding corporate guarantees of new rights and privileges, enforced with cash sanctions and trade sanctions.”

Wallach concludes, “It is not an exaggeration to say the TPP threatens to become a regime of binding global governance, right at the time the Occupy Movement and other movements around the globe are demanding more power and control. This is the fight back. This is locking in the bad old way, plus.”

The TPP would get rid of existing laws but also prevent new progressive laws from being implemented in the future. The agreement will allow NAFTA style offshoring and give corporations patent control over medicines and seeds. Countries will not be able to ban risky financial services or issue regulations. It also meddles with how local tax dollars are spent. Cities and activists will not be able to pass laws that provide a “local preference” for locally made products or “Buy American”.

The good news is that we still have time to stop this agreement. There is another TPP meeting scheduled during the July 4th weekend.  According to Wallach, the Obama Administration hasn’t been made aware of the text of the agreement because of the secrecy of the negotiations. So its time the Occupy Movement and others make the Obama Administration aware that this secret trade agreement needs to be scrapped if he hopes to be re-elected in November.

Plan of Action:

Lori Wallach has written extensively on the TPP at the Huffington Post, if you want to learn more. Follow Lori Wallach on Twitter @ www.twitter.com/PCGTW

Educate your friends and family about the TPP by sending them this article and Public Citizens You Tube video.

Tweet the official White House Twitter Account at www.twitter.com/blog44.  Contact the White House directly.

Submit comments online to the White House. Write or call the White House.  Create a petition at White House.gov.

Contact your U.S. Senators and U.S. Representative requesting they investigate the private nature of these meetings and block the passage of the TPP.

Get politically active at the local political party of your choosing. Inform local party officials to take action against the TPP. Help select candidates that would block the TPP or help write the party platform that would deny its passage.

If you live in one of the 8 countries involved in this agreement, contact your government officials.

Join your local Occupy Movement camp. Find out more information at occupii.org or occupywallst.org

Organize a Protest at the next TPP Meeting:

The next negotiation round of the Trans-Pacific Partnership will take place in San Diego, California from July 2-10, 2012. USTR will be hosting a Direct Stakeholder Engagement event on Monday, July 2, 2012. This event will provide stakeholders the opportunity to speak directly and one-on-one with negotiators, raise questions, and share their views.  We tried this format at the last round in Dallas, and most stakeholders expressed their preference for this one-on-one engagement.  Some stakeholders said they would like the opportunity to make presentations to negotiators as in earlier negotiating rounds and we will accommodate these requests.  In addition, there will be a stakeholder briefing on July 3. The negotiation round venue and registration information will be posted shortly.

Related articles and links:

Jun 142012
 

 

Posted by greydogg

A Guardian article entitled, Doctors back denial of treatment for smokers and the obese, reports the findings of a survey stating that 54% of doctors think the NHS should have the right to withhold non-emergency treatment to patients unless they lose weight or stop smoking:

A majority of doctors support measures to deny treatment to smokers and the obese, according to a survey that has sparked a row over theNHS‘s growing use of “lifestyle rationing”.

Some 54% of doctors who took part said the NHS should have the right to withhold non-emergency treatment from patients who do not lose weight or stop smoking. Some medics believe unhealthy behaviour can make procedures less likely to work, and that the service is not obliged to devote scarce resources to them.

However, senior doctors and patient groups have voiced alarm at what they call “blackmailing” of the sick, and denial of their human rights.

———————

Doctors in the UK are arguing that obese persons and smokers should be refused medical care under the national health insurance? Doctors who think they should refuse treatment to anyone seeking it should have their licenses revoked, as far as I am concerned. The lack of humanity and compassion is stunning. Hippocratic Oath? Anyone????

That said, I also considered that the report is propaganda, designed to soften the targets. No one will get health care so no one should expect health care. If you’re fat or smoke you don’t get care; if you’re skinny and don’t smoke, you don’t need care. Denied or not needed.

It reminds me of how the sadistic class stations fully armed police officers in US schools K-12. Cops literally arrest kids for normal bad behavior / harmless pranks. What kid doesn’t have a bad day in school or pull an occasional prank? Do kids really need to be traumatized by being placed in handcuffs and frogmarched into a holding cell? Are teachers and principals so inept that they can no longer deal with students’  behavioral issues? Aren’t they trained to deal with these issues?

But, it’s not about that. It is an effective way to soften the target and brainwash the next generation into accepting the police state that is already here.

Nothing is an accident. Leaks are not leaks. Reports are not reports. Polls are not polls. The agenda is hidden in plain sight because peacock proud psychopaths like to show their work.

 

Apr 112012
 

 

Manolis Glezos is attacked by riot police on anti-austerity protest

Mikis Theodorakis and Manolis Glezos have issued this Appeal to the peoples of Europe

65 years after the defeat of nazism and fascism, European people are today confronting a dramatic threat, this time not military, but a financial, social and political one. A new “Empire of Money” has been systematically attacking one European country after another in the last 18 months, without facing any substantial resistance.

European governments not only fail to organize a collective defence of European people against the markets, but, instead, try to “calm” the markets by imposing policies that remind us of the way governments tried to confront nazism in the ’30s.

They organize “debt wars” between the peoples of Europe, just like when they were driven from the belle époque to World War I. The offensive of the markets initiated a war against Greece, an EU member-state, whose people have played a decisive role in the resistance against barbarity and the liberation of European World War II. In the beginning, this war was a communicative war, which reminded us of the campaigns against hostile, outcast countries, like Iraq or Yugoslavia. This campaign presented Greece as a country of lazy and corrupted citizens, while attempting to blame the “PIIGS” of Europe and not the international banks for the debt crisis.

Shortly, this offensive evolved into a financial one, which caused the submission of Greece under a status of limited sovereignty and the intervention of the IMF to the internal affairs of the Eurozone.

When they got what they wanted from Greece, the markets targeted the other, smaller or larger countries of the European periphery. The aim is one and common in all cases: The full guarantee of the interests of the banks against the states, the demolition of the European welfare state, which has been a cornerstone of European democracy and culture, the demolition of European states and the submission of the remaining state structures to the new “International of Money”.

The EU, which was presented to its peoples as a means for collective progress and democracy, tends to become the means for terminating prosperity and democracy. It was introduced as a means of resistance to globalization, but the markets wish it to be an instrument of this globalization.

It was introduced to German and other European peoples as a means of peaceful increase of their power and prosperity, but the way that all peoples are abandoned to be the prey of financial markets, destroys the image of Europe and turns the markets into actors of a new financial totalitarianism, into the new bosses of Europe.

We are facing the danger of repeating the financial equivalent of World War I and World War II in our continent and be dissolved into chaos and decomposition, in favor of an international Empire of Money and Weapons, in the economic epicentre of which lies the power of the markets.

The Peoples of Europe and the world are facing a historically unprecedented concentration of financial but also political and media power by the international financial capital, ie by a handful of financial institutes, rating agencies and a political and media class redeemed by them, with more centers outside, than inside Europe. These are the markets that attack today in one European country after another, using the leverage of debt to demolish the European welfare state and democracy.

The “Empire of Money” now requires a fast, violent, brutal transformation of a Eurozone country, Greece, into a country of the third world, with a so-called program of “rescue”, in fact the “rescue” of banks who lent the country. In Greece, the alliance of banks and the political leaderships imposed -through the EU, the ECB and the IMF – a program that equals to “economic and social murder” of the country and its democracy, and organizes the looting of the country before the bankruptcy to which it leads, wishing to make it the scapegoat of the global financial crisis and use it as a “paradigm” to terrorize all European peoples.

The policy that is currently conducted in Greece and attempts to spread, is the same applied in Pinochet’s Chile, Yeltsin’s Russia or Argentina and will have the same results, if not discontinued immediately. As a result of a program that supposedly intended to help the country, Greece is now on the verge of economic and social disaster; it is used as a guinea pig to study people’s reactions to social Darwinism and terrify the entire European Union, with what can happen to one of its members.

The markets may also be pushing and using the leadership of Germany in actions of destruction of the European Union. But it constitutes an act of extreme political and historical blindness for the dominant forces of the EU and first of all, for Germany, to think that there can be any project of European integration or even simple cooperation, on the ruins of one or more members of the Eurozone.

The planned demolition of major, globally significant political and social achievements of the European peoples, cannot establish any kind of European Union. It will lead to chaos and disintegration and it will promote the emergence of fascist solutions in our continent.

In 2008 private banking giants of Wall Street forced the states and state banks to bail them out of the crisis they themselves created, by paying with the taxpayers’ money the cost of their enormous fraud, such as mortgages, but also the operational cost of an unregulated casino-capitalism, imposed in the last twenty years. They turned their own crisis into a public debt crisis.

Now they are using the crisis and debt, which they themselves created, to deprive the states and the citizens of the few powers they still hold.

This is one part of the debt crisis. The other is that financial capital, together with the political forces supporting it globally, imposed an agenda of neoliberal globalization, which inevitably leads to the relocation of production outside Europe and the downward convergence of social and ecological standards of Europe with those of the Third World. For many years they hid this process behind loans, but now they use the loans to complete it.

The “International of Money”, that wishes to eliminate any notion of state in Europe, threatens Greece today, Italy or Portugal tomorrow; it encourages the confrontation among European peoples and puts the European Union before the dilemma whether to transform into a dictatorship of the markets or to dissolve. It aims at making Europe and the world to regress in a state like the one before 1945, or even before the French Revolution and the Enlightenment

In ancient times, the abolition, by Solon, of the debts which forced the poor to be slaves of the rich, the so-called Seisachtheia reform, laid the foundations for the birth, in ancient Greece, of the ideas of democracy, citizenship, politics and Europe, the foundations of European and world culture.

Struggling against the class of wealth, the citizens of Athens led the way in the constitution of Pericles and the political philosophy of Protagoras, who declared that “Man is the measure above all money”.

Today, the wealthy classes are attempting to avenge this spirit of man: “The markets are the measure above all men” is the motto that our political leaderships willingly embrace, in alliance with the devil of money, as Faust did.

A handful of international banks, rating agencies, investment funds, a global concentration of financial capital without historical precedent, claims power in Europe and the world and prepares to abolish the states and our democracy, using the weapon of debt to enslave the peoples of Europe, putting in place of the incomplete democracy we have, the dictatorship of Money and Banks; the power of a totalitarian empire of globalization, the political center of which is outside continental Europe, despite the presence of powerful European banks at the heart of the empire.

They started from Greece, using it as a guinea pig, to move then to the other countries of the European periphery, and gradually to the center. The hope of some European countries to eventually escape, just proves that today’s European leaders face the threat of a new “financial fascism”, not better than the way they faced the threat of Hitler during the inter-war period.

It is not by accident that a big part of the media controlled by bankers chose to attack against the European periphery, by naming these countries as “pigs”, and also turned to a contemptuous, sadistic, racist campaign of the media they own, not only against the Greeks, but against the ancient Greek heritage and the ancient Greek civilization.

This choice shows the deeper, underlying goals of the ideology and the values of financial capital, which promotes capitalism of destruction.

The attempt of a part of the German media to humiliate symbols such as the Acropolis or the Venus de Milo, monuments which were respected even by Hitler’s officers, is nothing but an expression of the deep disdain of bankers, who control these media, not so much against the Greeks, but mainly against the ideas of freedom and democracy, which were born in this country.

The financial monster produced four decades of tax exemption for the capital, all kinds of “market liberalization”, widespread deregulation, abolition of all barriers to the flows of capital and commodities, constant attacks against the state, massive acquisition of political parties and media, ownership of the global surplus from a handful of vampire-banks of Wall Street. Now, this monster, a true “state behind the States”, is revealed claiming the completion of the financial and political “permanent coup d’ etat”, carried out for over four decades.

Facing this attack, the political forces of the European right-wing and social democracy seem compromised after decades of “entryism” by financial capital, the most important centers of which are non-European. On the other hand, trade-unions and social movements are still not strong enough to block this attack decisively, like they repeatedly did in the past. The new financial totalitarianism seeks to take advantage of this situation, in order to impose finite, irreversible conditions across Europe.

There is an urgent need for an immediate, cross-border coordination of action by intellectuals, people of the arts and literature, spontaneous movements, social forces and personalities who comprehend the importance of the stakes; we need to create a powerful front of resistance against the advancing “totalitarian empire of globalization”, before it is too late.

Europe can survive only if we promote a united response against the markets, a challenge bigger than theirs, a new European ‘New Deal’.

  • We must immediately stop the attack against Greece and other countries of the EU periphery; we must stop the irresponsible and criminal policy of austerity and privatization, which leads directly to a crisis deeper than the one of 1929.
  •  Public debts must be radically restructured across the Eurozone, particularly on the expense of the private banking giants. Banks must be re-controlled and the financing of European economy must be under national and European social control. It is not possible to let the financial keys of Europe in the hands of banks like Goldman Sachs, JP Morgan, UBS, the Deutsche Bank etc. We must ban the uncontrolled financial derivatives, which are the spearhead of the destructive financial capitalism, and create real economic development, instead of speculative profits.
  • The present architecture, based on the Maastricht Treaty and the WTO rules, has established a debt production machine in Europe. We need a radical change of all Treaties, the submission of the ECB under political control by the European peoples, a “golden rule” for minimum social, fiscal, environmental standards in Europe. We urgently need a change of paradigm; a return to the stimulation of growth through the stimulation of demand, via new European investment programs, a new regulation, taxation and control of international capital and commodities flows; a new form of smart and reasonable protectionism in an independent Europe, which will be the protagonist in the fight for a multipolar, democratic, ecological, social planet.

We appeal to the forces and individuals who share these ideas, to converge into a broad, European front of action as soon as possible; to produce a European transitional program, to coordinate our international action, so as to mobilize the forces of the popular movement, to reverse the current balance of power and overthrow the current historically irresponsible leaderships of our countries, in order to save our people and our societies before it is too late for Europe.

Athens, October 2011