Click here to access article by "Don Quijones" from Wolf Street.
The author, who is a British ex-patriot and mostly lives in Spain, gives an excellent report about the financial factors behind the resistance of Western financial centers against the independence movement in Catalonia from Spain. As such the author provides an excellent illustration of the power and influence that major financial centers of Wall Street and the City of London, whose capitalists make up a core part of the ruling classes of the US-led Empire, have on political events in many countries. This is a further illustration of how contemporary capitalists control all major policy decisions both political and economic wherever they hold populations in debt. If this weapon fails to control populations, then the "jackals" are sent in, as John Perkins so well explained in his book Confessions of an Economic Hit Man. How did this weapon of debt used by the Empire's ruling class come about?
It developed over many years of capitalist rule whereby the capitalist classes accumulated more and more wealth extracted from exploited worker populations and stole cheap resources from countries they dominated. Think British Empire, the many years of exploitation of workers, the kidnapping of millions of African slaves, think US control over much of Latin America through occasional invasions to remind leaders of US power as well described by Major General Smedley Butler in his book War Is a Racket (1935), WWI, the emergence of US power after WWII, etc. This wealth was accumulated over many years in the Anglo-American empires which developed into today's US-led Empire. Now for anyone or any nation to purchase anything, they usually have to borrow money from a bank. And, now the Empire's capitalist financiers hold nearly everyone and "sovereign" nations in debt, and exercise considerable control over them with these debt obligations always backed by the threat of violence from their police and military.
The is the inevitable evolution of capitalism into the advanced form we see today all over the Empire.
