Economic Terrorists: The Desperation of the US Empire et al.

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Poul Thomsen, IMF chief negotiator, aka. an Economic Terrorist. Courtesy: Open Source

By Ann-Marie de Veer
Saturday 23 April 2016

The Oxford English Dictionary defines the word terrorism as the unofficial or unauthorised use of violence and intimidation in the pursuit of political aims. In the years that have passed since the violent attacks of the 11 September 2001 in New York, a series of events that have, as yet, not been fully explained by the authorities, there is no universal agreement on the definition of terrorism given that political expedience often dictates its meaning. While the September 2001 attacks, following independent analysis of what little material evidence remains, clearly bear all the hallmarks of a state sponsored false flag operation, the narrative of successive regimes in the US has been to obfuscate the truth surrounding these events and to deceive the American people ... a form of psychological terrorism not unlike that used on the occupants of Airstrip One (formerly known as Great Britain), a province of Oceania, in the dystopian novel 1984.

While the fluidity of the term terrorism is occasionally the cause of much derision among those regimes who seek its protection for their own nefarious activities, their remit is a spent cause as the lack of universal agreement on its meaning naturally lends credence to those who dare to hold the real terrorists, i.e. the US Empire et al. who misuse and abuse it, to account for their activities.

Delia Valculescu, IMF head of mission to Greece, aka. an Economic Terrorist. Courtesy: Open Source

Earlier this month, on 2 April 2016, Wikileaks released a transcript of a teleconference between Poul Thomsen, the IMF's chief negotiator, and Delia Valculescu, who is the head of the IMF mission to Greece. The call, which discusses the current impasse in reaching a negotiated settlement on the issue of Greek debt relief, talks about the creation and use of an event to force the Greek authorities into acquiescing to the Troika's demands. The definition of an event here is to precipitate yet another Greek monetary crisis akin to the banking closures and capital controls introduced last year. In other words, the IMF are economic terrorists who are now on record discussing the use of intimidation, i.e. plotting an event, to facilitate their political objectives which are not subject to democratic oversight, nor the will of the European people who are the principal creditors of the debt.

Naturally the IMF, a fiscal arm of the US Empire et al., are not the only economic terrorists.

The current economic malaise that pervades throughout Europe, initially triggered by the US Inspired Global Financial Crisis (GFC), is clearly the result of deliberate policy choices by the despotic regimes of individual nation states in the European bloc and their greedy central bankers. In particular, Belgium, France, Germany, Holland and Luxembourg (BFGHL), who are at the economic centre of the Eurozone and largely control the European Commission (EC) and the European Central Bank (ECB), are currently running financial roughshod over those nations in the periphery, i.e. Greece, Italy, Ireland, Portugal and Spain (GIIPS). The fact that all of the GIIPS nations are being forced to implement draconian austerity measures, a tool that is inherently deflationary beyond its short-term use, is symptomatic of the financial war being waged by this small coterie of rapacious and authoritarian apparatchiks at the heart of Europe. That is to say, BFGHL, in the guise of the EC and ECB, are conducting an economic war of attrition and terrorism against GIIPS and the wider populace of the European Union who must ultimately pay for it all, but they are all powerless to intervene.

Of course, Southeast Asia has been fighting economic terrorism for years.

The Central Bank of Japan, among many others in the country, have intentionally impoverished the Japanese people over the last two decades by blowing a massive inflationary bubble in the 1980's and early 1990's and then rapidly deflating it so the economy collapsed. The net result has been a fiscal quagmire with entrenched stagflation, which was then used as a tool to justify major structural reforms where the general public have been relieved of their wealth by a kleptocracy whose only intent is to enrich themselves. In fact, vast swathes of Southeast Asia have still yet to fully recover from the 1997 Asian financial crisis which also decimated the economies of Hong Kong, Indonesia, Laos, Malaysia, the Philippines, South Korea and Thailand. The primary cause, as in Japan, was an inflationary bubble created by the insatiable greed of bankers in thrall to the US Empire et al. who then went on to deflate it by calling for the repayment of loans, both in full and on time, at the first hint of weakness in the Asian economies.

The economic similarities between Greece and Japan are self evident.

The truth is, the US Empire et al. are economic terrorists engaging in fiscal coup d'état's to prop up their own flagging economies which are suffering from incompetence and greed. It is no secret that the US is technically bankrupt, nor is it a secret that they are unable to service their debts without printing money. The Eurozone is in a similar predicament where the European bloc of nations cannot even service the debts of Greece, let alone the total liabilities incurred by all of the GIIPS group of nations.

That the US Empire et al. has resorted to economic terrorism tells you just how desperate they really are.

Human rights are not only violated by terrorism, repression or assassination, but also by unfair economic structures that creates huge inequalities.
Pope Francis