Showing posts with label IMF. Show all posts
Showing posts with label IMF. Show all posts

Friday, July 10, 2009

United Future World Currency


Well here it is - the proposed "united future world currency" unveiled by Russian President Medvedev today and handed out to the other G-8 leaders.
The test coin "means they’re getting ready," Medvedev said. "I think it’s a good sign that we understand how interdependent we are."
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China and Russia have been calling for a supranational currency, a mix of regional reserve currencies controlled by the IMF and delinked from sovereign nations, as part of the drive to address the global financial crisis and replace the dollar as the world's reserve currency.
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When asked about it in March, US Treasury Secretary Tim Geithner told the Council on Foreign Relations : "We are quite open to that" - causing a drop in the dollar requiring him to follow up with : "I think the dollar remains the world’s dominant reserve currency" - after which "the dollar subsequently recovered much of its losses".
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I guess my dream of a global currency based on reducing carbon emissions didn't make the cut again this year. On the upside, Lou Dobbs and Glenn Beck should be going apeshit tomorrow.
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Saturday, April 18, 2009

Summit of the Americas

Harper at the Summit-of-the-Americas-of-34-countries-minus-Cuba is described in the G&M as a lone wolf boosting free trade :
Steve : "There are some countries that want to keep fighting the Cold War and frankly wars that go a lot farther back than that."
United Fruit Co?
After urging a thaw in U.S.-Cuba relations : "That said … we don't turn a blind eye to the fact that Cuba is a communist dictatorship and that we want to see progress on freedom, democracy and human rights as well as on economic matters."

Indeed, ALBA - the trade group comprised of Bolivia, Cuba, Dominica, Honduras, Nicaragua and Venezuela - had a few points of its own to make about progress, freedom, democracy and human rights, including the embargo of Cuba. ALBA has said it will not sign the Summit Declaration until they are addressed.
Excerpted :
  • Capitalism has provoked an ecological crisis by subordinating the necessary conditions for life on this planet to the dominance of the market and profit.
  • We question the G20’s decision to triple the amount of resources going to the International Monetary Fund, when what is really necessary is the establishment of a new world economic order that includes the total transformation of the IMF, the World Bank and the WTO [World Trade Organisation], which with their neoliberal conditions have contributed to this global economic crisis.
  • We condemn discrimination against migrants in all its forms. Migration is a human right, not a crime.
  • The solutions to the energy, food and climate change crises have to be integral and interdependent. We cannot resolve a problem by creating others in the areas fundamental to life. For example, generalising the use of agro-fuels can only impact negatively on the price of food and in the utilisation of essential resources such as water, land and forests.
  • Basic services such as education, health, water, energy and telecommunications have to be declared human rights and cannot be the objects of private business nor be commodified by the World Trade Organisation. These services are and should be essential, universally accessible public services.
  • [E]liminate interventionist practices such as covert operations, parallel diplomacy, media wars aimed at destabilising states and governments, and the financing of destabilising groups. It is fundamental that we construct a world in which a diversity of economic, political, social and cultural approaches are recognised and respected.
  • The legitimate struggle against narco-trafficking and organised crime, and any other manifestation of the denominated “new threats,” should not be utilised as excuses for carrying out acts of interference or intervention against our countries.
Hugo Chavez presented Obama with a book : "Open Veins of Latin America: Five Centuries of the Pillage of a Continent." He then suggested that the next Summit of the Americas be held in Cuba.
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Thursday, November 06, 2008

Genetically modified genocide

DailyMail : GM genocide: Thousands of Indian farmers are committing suicide after using genetically modified crops

Here's how that works.
India gets IMF loans in exchange for allowing western companies like Monsanto access to the billion strong Indian markets.
Government seed banks ban traditional seeds to promote uptake of GM seeds.
Farmers are pitched the very expensive "magic seeds", Monsanto's BT Cotton.
Farmers take out loans to buy them.
Drought. Too bad because GM seeds require twice the water of traditional seeds.
Crops die and farmers are unable to save seeds to plant next year because of course there are no seeds.
Farmers takes out additional loans to buy more seeds.
More drought plus parasitic bollworms. Crop failure.
Farmers can't pay off loans. Lose land. Suicide.

Monsanto official : "Suicides have always been part of rural Indian life."

Nice. And for what? Are more people fed?
No, because GM crops produce lower yields than traditional plantings.
So the entire purpose of GM is so that a few multinat corpses can own the entire food chain.


Prince Charles is on the case "setting up a charity, the Bhumi Vardaan Foundation, to help those affected and promote organic Indian crops instead of GM."
But Prince Charles has his own problems at home :

Independent : Europe's secret plan to boost GM crop production
"Gordon Brown and other European leaders are secretly preparing an unprecedented campaign to spread GM crops and foods in Britain and throughout the continent, confidential documents obtained by The Independent on Sunday reveal.
The documents – minutes of a series of private meetings of representatives of 27 governments – disclose plans to "speed up" the introduction of the modified crops and foods and to "deal with" public resistance to them.
And they show that the leaders want "agricultural representatives" and "industry" – presumably including giant biotech firms such as Monsanto – to be more vocal to counteract the "vested interests" of environmentalists"

Currently GM is only grown on .1% - that's point one percent - of agricultural land in Europe : none in Britain, France has suspended cultivation, and resistance is growing in Spain and Portugal.

And Canada? Well, we're riddled with the stuff - one of the world's largest producers of GMs.
A seldom mentioned aspect of the recent listeriosis story was the Ministry of Trade's decision to allow industry to oversee its own labelling, meaning we're unlikely to become better informed of which foods are GM any time soon.

At present GM food labelling in Canada is voluntary.
I'd like to propose a genocide label.

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