Debt Drives Globalisation

    Debt Drives Unsustainable Growth

    By Alistair McConnachie It is our debt-based economic system which is driving the unsustainable growth which leads to resource depletion, environmental destruction and man-made climate change. It is the debt-based nature of our money supply which drives this need for “growth”. This is because it is the debt in the system which institutes an intrinsic […]

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    Examining International Debt and Promoting Real Aid

    By Ron Morrison BALANCE OF TRADE DEBTS Inter-government balance of trade accounts result in debtor and creditor balances between nations, usually denominated in their respective national currencies. Where one currency is weak, debt might arise from contracts demanding settlement in an alternative currency. Such debts used to be settled by bullion transfers, but nowadays are […]

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    Global Trade Imbalanced and Destabilised by Dollar Domination

    By Ron Morrison Why is it that America seems to be able to afford anything its Government wants to do? The rest of us are never finished being told that we must become more efficient, tighten our belts, modernise and cut-back, because there’s no money. If American industry were indeed so wonderful that the rest […]

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    How Keynes’ Bancor International Trade Currency Would Work

    by Alistair McConnachie New book, The Age of Consent, by Guardian columnist George Monbiot, gives credit to Money Reform author Michael Rowbotham for bringing Keynes’ “Bancor” currency concept to his attention.  In his book, Goodbye America! Globalisation, Debt and the Dollar Empire, Mike Rowbotham raised for consideration, Keynes’, ultimately unsuccessful, proposal for an “International Clearing […]

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    Four Steps Which Destroyed Argentina

    The following is from Greg Palast’s website www.gregpalast.com An expanded American edition of his global bestseller, The Best Democracy Money Can Buy: An Investigative Reporter Exposes the Truth About Globalization, Corporate Cons and High-Finance Fraudsters, was released on 25 Feb 2003. Bolivia is in flames, its economy shot dead. And I’ve got my hands on […]

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    Winning the War on Global Oppression

    by Kieron McFadden As we survey the world scene of worsening poverty and the growing enslavement of entire peoples to corporate power, several common denominators emerge from this heaving sea of human misery. The most marked of these is the prevalence of debt. Debt has become a mire from which the people of this planet […]

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    Working for the Yankee Dollar

    By James Gibb Stuart In the aftermath of 9-11, an American friend of mine said to me, “It seems we have become the 21st century’s most hated nation, and we owe it to ourselves, as much as anyone else — if not to forgive — at least to understand.” So how can Prosperity contribute to […]

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    An Indispensable Key to a Just World Economy

    by Michael Rowbotham Every bit as important as Keynes’ ideas for financially balanced trade were his ideas for stabilising currency values. Stabilised currency values are essential to ensure equity and stability in global trade. If the Third World had their debts cancelled and had balanced trade from now on, yet found that its goods were […]

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    Defending National Economic Sovereignty

    In 1998 James Gibb Stuart was asked to provide advice to the Malaysian government, which was then struggling against an IMF induced economic crisis. The following is taken from his Briefing Paper. Three days after receiving this material the Malaysian government announced exchange controls. It has been suggested that I might make some comment on […]

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    How to Cancel Third World Debt

    From Goodbye America by Michael Rowbotham. Whenever Third World debt cancellation is discussed, it is automatically assumed that somebody, somewhere has to suffer a loss. Either banks must cover the losses, taxes must be raised or Western governments must foot the bill. In fact, Third World debts could be cancelled with little or no cost […]

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