We’ve lived so long under the spell of hierarchy—from god-kings to feudal lords to party bosses—that only recently have we awakened to see not only that “regular” citizens have the capacity for self-governance, but that without their engagement our huge global crises cannot be addressed. The changes needed for human society simply to survive, let alone thrive, are so profound that the only way we will move toward them is if we ourselves, regular citizens, feel meaningful ownership of solutions through direct engagement. Our problems are too big, interrelated, and pervasive to yield to directives from on high.
—Frances Moore Lappé, excerpt from Time for Progressives to Grow Up

Monday, May 18, 2015

Why Do Bankers Wage War to Stop National Banks?

Click here to access article by Brandon Turbeville from Activist Post. 

Although I like the attention that Turbeville is giving to private central banks, but I immediately spot two weaknesses in his essay. First, I think he overstates the reason why the Empire and its Kiev regime, a fascist creation, has so aggressively waged war against the breakaway regions of Ukraine with constitute the Donetsk People’s Republic; and second, he does not explain in this essay, or his linked-to previous one, the how private central banks and their control over international credit agencies such as the IMF and World Bank function as only one major weapon in the domination of the capitalist class over entire nations. 

As to number one, it's clear that Russia is the target of their support for the Kiev regime (which the capitalist Empire created)--I won't even bother elaborating on that argument because it is so obvious. The small national bank in the Ukrainian breakaway republic is of very minor concern to the Empire's capitalist directorate. They are going after Russia and China basically because their ruling classes refuse to submit to the domination of the Empire.

As to weakness number two, one cannot separate out private central banks from the system they serve which is what he seems to be doing. Private ownership of the money supply gives core capitalists the control over how money is used in any given society. Thus, money is not used for the benefit of societies as a whole, but only to serve the interests of the tiny class of major owners of economic property (capitalists): the accumulation of wealth and power. This control of money serves as only one major weapon along with many others to secure for the Empire's gang of capitalists the ability to exploit labor and resources and to control markets in the rest of the world. The accumulation of sovereign debts that have been occurring all over the world is one consequence and not the objective of advanced capitalist actions.