world bank

The Five Fingers of Death

You know, they’re schemers: Schemers trying to control their worlds. I’m not a schemer. I try to show the schemers how pathetic their attempts to control things really are…You know what, you know what I noticed? Nobody panics when things go according to plan: Even if the plan is horrifying. If tomorrow I tell the press that like a gang banger will get shot, or a truckload of soldiers will be blown up, nobody panics, because it’s all part of the plan.
— Heath Ledger’s Joker, The Dark Knight, 2008

BRICS create new Development Bank as well as a $100 billion foreign currency reserves pool

By Helmo Preuss | The BRICS Post | July 15, 2014 Fortaleza, Brazil – After some tough rounds of negotiations, BRICS nations (Brazil, Russia, India, China and South Africa) have created not only a new $100 billion Development Bank, but also a $100 billion foreign currency reserves pool. The announcement was made after a plenary […]

Neoliberalism and the Subjugation of Latin America

From the late 1940s to the early 1970s, Latin America proved to the world that it was poised to grow. Its collective determination for social equality and economic reform promised many viable alternatives to alignment with Washington. Despite the fact that the region was by no means a fabric of interwoven utopias, Latin America was still able to distribute wealth and to sustainably grow sans the flavor of capitalism espoused by the US.

Austerity Revisited: How Global Financiers Rigged the Bank Bailouts of the 1980s

In the first part of this Global Power Project series, I examined the origins and early evolution of the International Monetary Conference, an annual meeting (to be held June 1-3 in Munich) of several hundred of the world’s most influential bankers who gather in secrecy with the finance ministers, regulators and central bankers o