world bank

China’s economic philosophy is a far cry from that of the west.

   Jair Bolsonaro                   Fernando Haddad

As key representatives of the three chief villains of international finance and trade, the IMF, World Bank (WB) and the World Trade Organization (WTO) met on the lush resort island of Bali, Indonesia, they warned the world of dire consequences in terms of reduced international investments and decline of economic growth as a result of the ever-widening trade wars initiated and instigated by the Trump Administration. They criticized protectionism that might draw countries into decline of prosperity. The IMF cuts its global economic growth forecast for the current year and for 2019.

When the global financial crisis resurfaces, we the people will have to fill the vacuum in political leadership. It will call for a monumental mobilisation of citizens from below, focused on a single and unifying demand for a people’s bailout across the world.
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Argentinian president Mauricio Macri speaking on September 3rd, 2018 (Youtube screenshot).

The World Bank has issued a stark warning about Gaza’s economy. A report published today stated that the enclave is “collapsing” due to the 11-year Israeli-led blockade and described the economy as being in “free fall”, with aid flows no longer enough to stimulate growth.

Western politics is tearing itself apart, polarising into two camps – or at least, it is in the official narrative we are being fed by our corporate media. The warring camps are presented as “moderate centrists”, on one side, and the “extreme right”, on the other. The question is framed as a choice about where one stands in relation to this fundamental political divide. But what if none of this is true?

Ethiopia is a landlocked country, bordering on Somalia which is dominating the Horn of Africa. Due to several border conflicts during the past decades with Somalia, many of them supportive of Ethiopia by the US military, the border between the two countries has become porous and ill-defined. Ethiopia is also bordering on Djibouti, where the United States has a Naval Base, Camp Lemonnier, next to Djibouti’s international airport. The base is under AFRICOM, the Pentagon’s African Command. AFRICOM has its boots in Ethiopia, as it does in many other African countries.

This week my guest is journalist Paul Dobson of Venezuelanalysis. We had a wide ranging discussion on Venezuela, its current political and economic situation, and western media distortions. First, we covered the recent terrorist attack on President Maduro’s life on August 4th. We touched on the right-wing media operations out of Miami, which supported this terrorist act, as well as the role of ultra right-wing activists in Venezuela and Colombia.

Stories about corruption and internally government-generated violence concerning most unaligned countries abound in the MSM. These lies fuel hatred. And the public at large start a malicious rumor circuit. Which, in turn is taken over by the MSM, so that their lies are pushing in open doors. The war drums start beating. The populace wants foreign imposed order, they want blood and ‘regime change’. The consensus for war has once more worked. And the blood may flow.