by Kieron McFadden
INTRODUCTION
That wars keep happening despite the fact that nobody wants them and they are the single most powerful wrecker of all man’s efforts to create the precise opposite effect - build and maintain a just civilisation - is clear indication that something about how we human beings conduct our inter-group relations is not understood.
If we are not to labour forever in vain to build a civilisation that lasts more than five minutes before the next paroxysm of mass insanity wrecks it, then we must improve our understanding of how wars are created. If we understood more about how they are created we might do better at not creating them.
In the aforementioned work I arrived at the conclusion that there is a factor common to the starting of every war: the activity of CRIMINAL persons and groups. It is men of ill will towards their fellows, men with crimes and transgressions against the basic survival codes of human societies, to whom good men have failed to apply justice, who determine that a war shall happen and then make sure it does.
I reviewed HOW such persons and groups engineer war but the central point was that without the presence and actions of such criminals, WAR WOULD NOT HAPPEN. Put simply: good men don’t start fights.
The Spoils of War in Yugoslavia, first edition, had been written a few years prior to that but this second edition was undertaken both to improve upon the communication of its basic message and to illustrate the points made in War and Survival.
What happened to the people of the Balkans is a classic study of the activities of criminal groups who must, in order to create the conflict they desire, drive nations insane and persuade men of good will to mis-identify and wrongly target one another as a survival threat.
The truth of the matter is that men of good will are never the true survival threat to one another. The true survival threat is the criminal persons and groups themselves.
In this book I shall illustrate how such groups operated to create war in Yugoslavia. The tragedy of Yugoslavia is highly relevant to the present day because one can extrapolate the basics thereof to any modern conflict one cares to examine.
THE HIDDEN FLAW
When one examines the humanitarian catastrophe that befell millions of good people in the Balkans, one is looking at the handiwork of one or more criminal groups. The ugliness of that conflict evinces that the groups who engineered it are a particularly vicious breed of cat and that their influence is neither slight nor incidental but pretty fundamental to the fortunes of entire nations.
Indeed, when one seeks to get to the bottom of how the inter-ethnic war in Yugoslavia was started, by whom and why, one finds one is pulling a string all the way down to a criminal operation at the very foundations of civilisation itself.
Here one discovers a serious flaw at the base of the global economy. It is a flaw that is not there by accident but which was itself created for criminal gain and is maintained, held in place and protected from resolution for criminal gain.
That the global economy is running badly is self-evident. One only has to take a look at the chaotic mess around one. What is less easy to see is the fact that this mis-managed farrago of iniquity, injustice, poverty, corruption and environmental devastation is the direct consequence of one dreadful, deliberate but rarely mentioned hoax.
That hoax - and those responsible do not want this brought to your attention - is the way in which our money is brought into existence.
Our money and the money of all nations, is interest-bearing DEBT. In effect, almost all the money currently circulating in the global economy is not true money at all. It does not function as money should and is unable to support or sustain a stable, smoothly functioning economy. It is, in fact, COUNTERFEIT.
Bear with me while I explain.
THE HOAX
There may not at first appear to be much connection between the fact there is something seriously wrong with our money and the bombing of both Serbian and Kosovan towns and villages. But bear with me and you will see how it works. You will see on whom such a system confers power and how that power is being used to smash up countries and to bring millions of us into war with one another.
Most people assume that our currency is created by our government, that British money is created by the British government, French money by the French
government and so on.
This is not the case. Government participate in the process of distributing money but, with the exception of a very tiny fraction of all the money in circulation, they do not create it. Money creation is done by private-profit banking cartels.
Some time ago the government handed over to the banks its ancient constitutional duty of creating the nation's money. Whenever the banks and similar lending institutions lend money to you or I, to industry, local government or central government, this is how money enters the economy. In fact it is almost the only way money enters the economy.
Money is created as a loan and that loan must be paid back, plus interest.
When a bank lends someone £5000, the common assumption is that it is lending money that already exists, that has been left with it by some depositor and is sitting in a vault somewhere. This is not the case. That £5000 IS CREATED AT THE MOMENT THAT IT IS LOANED. IT DID NOT EXIST UNTIL IT WAS LOANED. IT IS CREATED OUT OF NOTHING SIMPLY BY THE BANK CREDITING THE BORROWER’S ACCOUNT WITH THE FIGURE “£5000.” HIS ACCOUNT NOW REGISTERS THAT HE HAS £5000 IN CREDIT AGAINST WHICH HE CAN WRITE CHEQUES TO BUY THINGS, PAY HIS BILLS AND SO FORTH. AS SOON AS HE WRITES CHEQUES AGAINST THAT “DEPOSIT” THE NEWLY CREATED MONEY ENTERS CIRCULATION.
This means that new money enters the economy. It is money created merely by a “ledger entry” or entering numbers in columns of figures, by the sweep of a banker’s pen so to speak. Nowadays it is done by computer - electronic money - and so could be viewed as money created by a tap of computer keys.
Incredible as this may seem, this is the way almost all money is created in the modern economy and enters circulation - created out of thin air by the tap of a banker’s computer keys. A tiny fraction of all the money in existence is still created by government and spent rather than loaned into circulation and this is the various notes and coins with which we are so familiar. But such money
accounts for a mere 3% or less of all the money in existence. The remaining 97% or more is electronic money created out of nothing by the money lenders and which only exists by virtue of the fact that someone was persuaded to borrow.
Whoever borrows into existence the £5000 we are using in our example, borrows it at interest. If we imagine that he pays (say) £2500 interest on the loan for the privilege of paying it back over several years, we can see that he has shouldered a commitment to repay £7500 and that is the fullness of the debt he must now honour. In other words as money was created, at the same time MORE DEBT than money was also created. The interest on the loan is taken from money already in circulation, that is money that was borrowed into existence in a previous round of borrowing and has not yet been returned to the bank that created it. By the time the borrower has settled his debt, more money will have returned to the banking sector than was created by it in the first place.
The same basic principle applies whether banks and other lending institutions lend money to you, to a business or to the government itself.
It is easy to see from this that, because virtually all our money comes into being as a loan on which is charged interest, the debts carried throughout the economy as a whole so that money can exist, exceed all the money that exists!
Great Britain is a case in point: private, commercial and government debt now amounts to well over one trillion pounds. The total money in circulation is only around six hundred billion pounds. In other words approximately twice as much money is owed to the banks than actually exists in circulation!
If all of us and all of industry and government paid off all our debts to the banks, then there would be no money left that was not in the hands of the banks and we would still owe them a lot of money. The debt can never be paid off and the only way to cover the shortfall is to find more money but as that money does not exist, new money must be created. As new money only comes into existence through lending, then new loans must be undertaken, in other words more has to be borrowed, which has to be paid back with interest, and so it goes on, forever ratcheting the nation's indebtedness skywards - and at an accelerating pace.
Thus we have escalating, never-ending debt throughout the economies of nations. Have you ever wondered if all nations are in debt (for example the United States National Debt is now 5.2 trillion dollars and its private debt a further 22 trillion dollars) to whom is all this money owed? Well now you know.
The money was created out of nothing by the international banking cartels and is owed to them. More money must be borrowed from them in order to fully settle the debt because they added interest to their loan of previously non-existent money, meaning more debts and mounting interest. Forever.
Whoever controls the nation's currency, as Thomas Jefferson once pointed out, controls that nation and, as the international banker Rothschild opined, if you handed him the power to issue a nation's money he would care not who made its laws.
It is easy to see that as this process continues, and given a bank's legalised power to seize the assets of anyone who cannot pay off his debts to them, the banks gradually gain possession or control of all a nation's assets, through seizure of them when borrowers default or the acquisition of the power to purchase the community’s wealth as ever larger portions of the circulating money stock are flowed to them through the mechanism of interest payments. And nations, become bankrupt.
Money is in essence required to do two very different things at the same time: to circulate freely as our medium of exchange on the one hand and to return to the banking sector and thus out of general circulation on the other. It is the latter which usually has the prior claim and most powerful pull upon money although it never exists in sufficient quantity to fulfil the entirety of that function. It is the former function upon which the health and vitality, indeed survival of the economy depend but the prior claim of debt upon it ensures it never circulates in sufficient quantity to fulfil that function either. The result is that our economies are both increasingly riddled with debt and suffer increasingly a shortage of money. The perpetual money scarcity tends to drive people towards more borrowing because one borrows when one is short of money.
The dictionary defines a COUNTERFEIT as an imitation of something, but of inferior quality or worth, and designed to deceive. It was no exaggeration then to describe virtually all money in circulation as counterfeit money. In our modern world what is called money isn’t money. It is INTEREST BEARING DEBT, bogus money, a deceptive imitation of true money that does not and cannot function in quite the same way as true money. Unable to circulate freely as a means of exchange and a support of economic activity as true money should and instead circulating temporarily before returning to the banking sector that has the senior claim to it, as a means of exchange interest bearing debt has been a disaster. It impacts on and distorts our economies in many adverse ways that are described more fully in other books listed at the end of this work, and over time has brought about a spread of poverty, a constriction of economic activity, globally that is unprecedented in all history.
You may find this unbelievable. It may wrap you round a pole trying to visualise such an incredible, dishonest sleight of hand that makes bankers rich for doing absolutely nothing. You may be incredulous that governments the world over allow this to happen. Well its very unbelievability is probably its best protection so don't take my word for it: check it out for yourself. You will discover that it is true.
You would be correct in concluding however that this is dishonest. It is, for the bankers supplying this debt-money, a kind of legalised permission to counterfeit. It makes them incredibly rich in exchange for producing nothing that contributes to the wellbeing of Man - in fact for operating a hoax that has shattered the world’s economies and threatens them with collapse. If criminality can be defined as taking something without giving anything of value in exchange, and harming and bringing hardship to millions of honest people in the process, then this is a criminal operation. And those who administer, protect and gain from the scam ARE criminals.
It delivers wealth and thus enormous power into the hands of private banking organisations, an international banking elite. They have in effect an unlimited power to create, and rake in, money. It enables the them to buy whatever they want. It gives them control, (through control of the debt-money supply) of the destinies of nations and of the entire global economy.
When you can control the global money supply, when you can make governments sit up and beg for it, when you can move it about across the world and thereby make or break entire nations, then unless you are incredibly benign the rest of the human race is in serious trouble.
And right here, right now, at the dawn of the Twenty First Century, near absolute planetary power has arrived. Unfortunately the men wielding the power are not benign and what they have been doing with their power marks them out as being not very sane.
In summary, nations are struggling with a currency that is debt. We owe more money than exists and can never get out of debt. The effects of this piece of lunacy upon the economies of the world are many and dire.
This single flaw is the common denominator to so many economic and social ills but let us focus upon one particular effect: the power it gives to the international banking cartels and the trans-global corporations they control.
MONEY FOR NOTHING
In the old days, as now, war was an expensive business. A king wanting to go to war had to raise the money by taxing his subjects. As this was tantamount to demanding money with menaces, it tended to make kings unpopular.
Another, less overt, way to raise money for some strong-armed foray into someone else's territory or to contest the claim of some third cousin twice removed to one's throne was to borrow it from the international money men of the day. This of course ran up debts which the borrower may or may not be able to pay off by asset-stripping some unfortunate neighbour he had just defeated in war. It was a little risky for the money lenders of the day, too. They were lending real money then and could not always be sure of getting it back.
On the other hand it could be a highly profitable business and war, on the whole, was a Good Thing - for those financing it as opposed to those actually in it.
It became even more of a Good Thing and almost risk-free when, in 1694, Britain's King William was having trouble with money and probably did not understand it too well. At the time governments were scratching their heads over how to pitch the speed of money supply to the economy so as to avoid periods of inflation and at the same time finance their wars, build their palaces and even, from time to time, make life bearable for their people.
Someone, probably the bankers, convinced King William that the bankers were the "experts" who understood money and that the job of issuing currency should be handed to them. King William happened to be a Dutchman whose invasion of England a little earlier had been financed by his pals amongst the international money-lending elite of Amsterdam. A similar scam to the one being proposed had already been in operation in Holland on a smaller scale so perhaps the groundwork for William’s acceptance of a scheme that would ultimately ruin England and most of Planet Earth along with it had already been laid.
So it came to pass. The bankers took on the job of issuing our money. They added a venal little twist: they called the money thus issued “a loan.” Because it was called “a loan,” they were able to charge interest on it.
It is a sad testimony to the fact that insanity appears to be contagious that every other nation has been duped into taking the same medicine, perhaps on the pretext that it is “good for them,” or perhaps because the criminal elites running the show had looked no further than their own selfish advantage and didn’t give two hoots for what happened to the riffraff in consequence. Be that as it may, the international money-lending elite have exported their innovative masterstroke to the rest of the world.
And lo from that point on there was among the peoples of the world a great wailing and gnashing of teeth and from the forked tongues of government there issued much waffle and spin and much lamenting that the books would not balance, while the lives of millions were made sacrifice to the fickle gods of unemployment and the highly profitable ritual of war.
Many wonderful innovations have come from Great Britain over the years, but the idea of having the banks issue currency as interest-bearing debt isn’t one of them. Economically nations have been in trouble ever since they enshrined that stroke of brilliant banking fraud in their statutes. So have democracy and human rights and, as we shall see, the seemingly elusive goal of world peace.
Quite frankly it is a system so daft, so unfair, so burdensome upon the
honest producer who creates the civilisation’s wealth and so intrinsically corrupt that in the unlikely event that sane, honest men had thought it up, or had sane, honest men somehow gotten hold of it, they would have swiftly cancelled the whole idea as unworkable. Unfortunately they didn't. And now
everyone’s in trouble.
THE INEVITABLE DEBT
In essence, the way the international banking cartels, the IMF, World Bank and so on, lend money to governments, though hidden behind a smoke-screen of complexity, boils down to exactly the same thing as discussed above.
The banks create money out of thin air, lend it to a government and the government has to pay it back with interest. Nowadays a government has trouble just keeping up with the interest payments, without even touching the principal. Britain, for example, repays over thirty billion pounds a year in interest alone on its debt to the banks - roughly ten percent of its entire annual budget - and this after strenuous and near suicidal efforts by successive governments to reduce or at least slow down the rate of borrowing. Where do you think all the money from selling off that nation’s silverware went? Well, Britain's Great Closing Down Sale provided money to slow down the rate at which her debt is increasing - a bit.
As money only enters the economy as credit, then efforts to reduce government borrowing create a shortage of money throughout the economy. This reduces spending power and shoves the economy into recession. It is in fact impossible for any country to get out of debt under this system. If it attempts to do so, its economy crashes!
Of course it is common sense, good basic housekeeping, to want to live without borrowing, to pay one's way in the world, pay the debts. At least it should be, but when money is debt, it's near suicide. Reduce the debt backlog, reduce the rate at which new debt is taken on and you choke off the route by which money is supplied to an economy already plagued by a dire shortage of money! Try living without debt; cut up the credit cards, start paying off the HP, the overdraft, the mortgage et al and refuse to take out any more loans and see what happens to your standard of living. It will drop like a stone.
A similar thing happens to a nation when it tries the same thing: recession, closure of industries, contraction of public services and millions thrown out of work.
Another anomaly that results from the folly of issuing money as debt is that countries willing to borrow to ensure an adequate supply of money into the economy become successful, whilst racking up debts of galactic proportions. In fact to be successful they have to borrow. The more economic activity a nation wishes to sustain, the more money is needed circulating in its economy to facilitate exchange between producer and consumer. Because money cannot exist unless someone borrows it at interest, the more hopelessly in debt will a successful economy become. Thus the most successful economy on the planet, and the mightiest military and economic power, the United States, is the most indebted - to the tune, as mentioned, of almost twenty eight trillion dollars of private, commercial and government debt. The world's second largest economy, Japan, is in a similar position. Its government’s debt alone is now over two trillion dollars.
Governments are in essentially the same boat as other borrowers. As all the money in use is debt they cannot balance their books and get out of debt. As soon as they try to limit their borrowing, they experience a shortage of money, cannot finance their hospital building, schools building, road building and other programs and must either increase taxation or borrow from the banks. So they borrow more to cover the shortfall and get further into debt. Debt repayment, naturally, is financed by the taxpayer and in Britain this is to the tune of one tenth approximately of the entire annual budget - around £500 per head of population. But as the cost of everything now has a debt component, (a hike to cover the cost of repaying loans) the real debt component of the government's annual expenditure is many times that.
It is easy to see from all this just how much power the international banking system has over national governments and how as time goes on more and more of a nation's wealth is removed into the hands of the bankers.
PROFITABLE WAR CAPERS
This is not to suggest that a flawed money system is the cause of war. War existed before debt-money reared its ugly head and could always be traced to the activities of criminals up to something or other. The point here is that such a system is the brainchild of criminals and hands them a massive tool with which to make all kinds of trouble for everyone else. And with it they can really have a ball getting wars started and making profit out of them.
And, oh boy, how profitable is war for those who lend money to nations that borrow from them hand-over-fist even in peace-time. Wars are expensive: the money to buy just one cruise missile would build an entire school or regenerate half the agriculture of some Third World nation. Newspaper reports put the cost of Britain's contribution to NATO's illegal operations in Yugoslavia at some two million pounds a day for every day of the conflict. A single cruise missile, for instance, cost £850,000, a laser-guided bomb £100,000 or single Tornado fighter £2,250 every hour.
Where did the money come from? The government is forever telling its people there is "not enough money" to keep their coal and shipbuilding industries alive, their Health Service healthy, books in schools or their old folk adequately provided for in their twilight years. How come the moment war reared its ugly head, finding the money was suddenly no problem? The government could not or would not find the money to keep thousands of miners in work but it had no problem finding the money to bomb the Kosovan capital, Pristina, to smithereens! We cannot afford to look after our own people but apparently we can afford to kill someone else's, for heaven’s sake!
This is a recurring phenomenon, by no means confined to the Balkans conflict. Just prior to World War Two for instance, the world was in the grip of a devastating depression, a massive, prolonged money shortage in which people starved and kids went barefoot. Then suddenly World War Two was launched and money was no problem. The international bankers were busy lending money to all sides in the conflict so that the war could be fought, accelerating the plunge of nations into debt and accelerating at the same time the siphoning off of the wealth of those nations by the money lenders.
There are two ways to provide the money to buy the missiles, tanks and so forth: (1)either take it from the citizenry through increased taxes (which tends to render the tax payer shorter of money and so drive him into the arms of the money lenders) or cut-backs in non military expenditures (i.e. become poorer) or both or (2) borrow it from banks - and have the citizenry pay off the interest forever through increased taxes.
And when the war is over, where does the money come from to finance the horrendously expensive job of rebuilding ravaged nations and smashed cities? More borrowing.
The bankers, the suppliers to the world of money as credit, cannot lose. It does not matter for their purposes which side wins, so long as they are at war. And no nation ever truly won a war.
IN DEBT FOREVER
When money is created out of nothing and loaned through the process of making ledger entries and then the loan is repaid, the returning money and the outstanding loan cancel one another out and the money that was created is expunged. It is then replaced by new money through a further round of borrowing.
Although the original sum loaned is cancelled out, the interest is not and it is the interest on loans that constitute the bank’s profits.
Banks therefore have no real interest in people getting out of debt but in people remaining in debt. It is outstanding, as yet un-repaid, debt that guarantees the interest payments that make them a profit on the arduous task of pressing computer keys.
Their vested interest then is in creating as much debt as people can be induced to carry as permanently as possible, from which flow their profits in the form of a continuous stream of interest payments.
This is not difficult to do because built into the system is a continuous requirement for permanent, escalating debt to exist so that there can be money circulating in the economy.
War slams open the throttle on this process. There’s nothing like war for encouraging an increase in borrowing.
PLUNDER BY PROXY
This overview of how the system works enables us to summarise the bankers’ formula of World War Two as follows:
Find a cheap politician like Hitler. From the bottomless well of limitless
money afforded you by your privilege of creating money out of thin air, lend him all the the money he needs to build a war machine. Get him to pay you back with interest from the plunder of Europe before he collapses. Lend money to all the nations now having to fight Hitler in order to preserve their freedoms and get them to pay you back with interest. In essence use Hitler as an indirect mechanism by which to achieve ownership of much of the wealth of Europe. Hitler will be the one making all the noise and everyone’s attention will be so fixed on him no-one will notice what you are doing. Then, while the fires are still smouldering, continue the process of siphoning off Europe’s wealth by lending Europe the money to rebuild after the war is over and get its taxpayers to pay you back with interest.
Burdened by debt and inflation and governed by your stooges who will ensure their economies never extricate themselves from the suffocating dead weight of the economic orthodoxies that set your scam in concrete, the nations of Europe will continue to contract in the ensuing decades. Use the very decline your scam has caused to introduce, as a “solution” thereto, European Monetary Union so as to further consolidate your criminal operations under a single central bank based in Germany.
This is plunder by proxy. The robber barons and pirates of old had to do their own dirty work but their modern equivalent do not even have to get their smart suits crumpled or bullet holes in the nice new Rolls.
The parallels between what befell Europe in World War Two and what befell Yugoslavia in the last decade of the Twentieth Century are at first glance quite uncanny but when one understands the position of the money powers in the somewhat addled scheme of things, not unduly surprising. If it is true that history - particularly adverse history from which “Man never seems to learn” - tends to repeat itself, it does so for a very good reason: criminal groups operate certain strategies for certain reasons that produce a certain result. They are never brought to justice and caused to cease their criminal actions. They or like-minded groups repeat their criminal actions some time later and produce much the same result.
If we look at Yugoslavia’s nightmare we discover a similar pattern of machinations by much the same groups that, hidden from view, engineered World War Two. So let us see how banking interests, the global cartels, and their close ally and subversive arm, psychiatry, engineered war in Yugoslavia and the systematic rape of an entire country.
THE RAPE OF YUGOSLAVIA
Although the discussion here centres upon Yugoslavia and each country
naturally has its individual circumstances and tale of debt-derived woe, the pattern of economic travail that befell Yugoslavia and the machinations of the international banking elite are not unique to that country. The story is echoed with uncanny consistency in other ravaged nations, including Rwanda, Somalia, Vietnam, Bangladesh, Brazil, Argentina, Peru, Bolivia and Russia to name but a few.
The first thing to realise about Yugoslavia, something on which the western press - being subservient to trans-global corporate interests - have been remarkably quiet, is that hers had been a success story.
Yugoslavia had suffered cruelly in World War Two and emerged from it in ruins. In that war she was our ally and lost 1.5 million people fighting the Nazis, standing against some 30 German divisions and losing more men than the United States in the process. These people saved many Jewish lives and the lives of many allied airmen.
After the war, under the leadership of Marshall Tito and with her economy organised along the non-capitalist, non-communist lines of social ownership and workers’ co-operatives, Yugoslavia did a manifestly admirable job of rebuilding herself.
Her average annual rate of economic growth in GDP prior to 1980 was 6.1% over a twenty year period; there was free medical care with one doctor per 550 population; the literacy rate was of the order of 91% (higher, I believe, than either Britain, the US or Germany); life expectancy was 72 years. It is also worth noting that Yugoslavia embraced a federation of Southern Slavs. Serbs, Croats, Slovenians, Macedonians, Montenegrins, Kosovars and the like, regardless of whatever had passed between them historically, were in the present getting along just fine - certainly as fine as the ethnic groups of America, Britain or Germany. As you know, past historical differences do not of themselves
create present conflicts, otherwise Englishmen and Scotsmen, Czechs and Slovaks, Athenians and Spartans, Prussians and Bavarians and God knows who else would be busy ethnically cleansing one another right now with considerable enthusiasm.
We must remind ourselves that in the current debt-money system, the more successful an economy is, the greater will its debt burden tend to be. Why? As an economy grows and more goods and services are created to be exchanged among people, more money - the tokens that represent those goods and services and facilitate their exchange - must be created and fed into the system. If that does not happen, the increased quantity of goods and services will outstrip the amount of money in circulation and you wind up with a money scarcity. Scarcity of money will constrict economic activity because the exchange between producer and consumer of goods and services depends upon the availability in sufficient quantity of the means by which that exchange is carried out: money.
In the current system the only way the money supply can be increased to keep pace with economic growth is through its issuance as interest-bearing loans. The money stock is increased through the mechanism of increased borrowing. The interest added ensures that as money supply is increased to keep pace with increased production, the amount owed to the banks is increased even more.
From the point of view of corporate capitalism with the international banking cartels at its head, Yugoslavia's success story was a dangerous example. It did not follow the capitalist model and others might copy it. Its orientation towards social ownership and workers co-operatives made it harder for the big corporations to move in and gobble up ownership of its locks, its stocks and its barrels as they have in England and elsewhere. Yugoslavia also has oil, a priceless temptation to a corporate/industrial complex that runs on oil and in which banking and oil interests are key, if not supreme, players.
Looking at it from the point of view of some corporate capitalist sitting at the apex of a vast globe-spanning web of corporate and banking interests, something needed to be done about Yugoslavia. But in rebuilding herself so
admirably, in expanding her economy and thus, of necessity, her money stock she had acquired an Achilles’ heel: she had accumulated debt.
How does one dismantle a stable and successful economy and move its considerable assets under corporate-capitalist control? And how does one into the bargain destabilise its ethnic groups so that the country will disunite and split irreparably into its smaller and weaker component parts?
One needs a lever, or rather a crowbar. The international bankers have just that leverage: the control of money supply.
MONEY POWER
The way in which the international financial elite, in an alliance with global corporate powers so close as to be a virtual symbiosis, use their control of money supply to effectively shape the economic development of nations to suit their own needs is covered more fully in my books on Globalisation and Third World Debt but I will attempt very briefly to sketch for you here what is in fact a process of conquest and colonisation.
Nations run up debts because their economies are built upon a money system that is based upon debt. Wars accelerate that plunge into indebtedness. After World War Two, international lending institutions, operating the money scam at a global level, were set up, ostensibly to “help” nations manage their debts and obtain credit so that they could rebuild or develop. These were known as the International Monetary Fund (IMF) and the World. Bank (WB)
Behind the front of “help” however lies a different purpose and that is to steer the development of nations in directions that suit the needs of the voracious corporate and banking interests whose seat of power happens to reside in, mainly, the United States and other western nations, whose governments have long since been suborned by them and act almost exclusively in their service. Such needs consist of, primarily, to provide zones of low labour and other costs to which the mighty but nevertheless over exposed and debt-driven
corporations can re-locate and to achieve ownership or control of the planet’s
resources, a cost-cutting quest that is equally driven by their dangerous backlog of vast, un-repayable debts.
This is neither theory nor opinion. One only has only to examine the almost
invariable RESULT of WB and IMF “help” extended to nation after nation over a period of many decades and the direction in which the “development” of national economies has consequently then gone. I invite you to check it out for yourself.
The leverage by which the IMF and WB achieve the take-over of nations is very simple beneath the layers of jargon and complexity that hide it from view. Any lender is senior to the borrower especially when the borrower depends utterly, or considers that he depends utterly (and the bankers and economists who advise governments are not apparently about to disabuse them of the notion) upon the lender’s willingness to go on extending credit. All the lender has to do in order to control the borrower and shape his policies in ways more to the lender’s liking is to attach conditions to his lending and to withdraw or threaten to withdraw credit if those conditions are not met. When we examine the conditions that have been attached by the WB and IMF to the credit extended to debtor nations we can discern a pattern that is more or less constant across the spectrum of such lending and we can summarise it here in brief.
The conditions attached to lending are ostensibly measures that must be taken that will enable the debtor nation to honour and settle its backlog of debt. In every single case, however, they have in reality produced no such result. IMF and WB “advice” as to how nations should manage and restructure their economies along (ha ha) “free” market lines has ALWAYS resulted in the debtor nation falling more deeply and inextricably into debt. And they invariably lay the debtor nation’s economy open to the predatory corporate giants of the “free” market economies with which the IMF, WB and banking cartels are interwoven. It is tantamount to erecting a vertical wall and calling it a level playing field. In doing business with these global high-temples of usury debtor nations might as well have been doing business with the devil because it has made virtual slaves of them.
One such condition is that the debtor nation must remove any protections that it has been providing for its home markets, such as restrictions on imports and regulations and tax measures that inhibit the operations of foreign multinationals and so on.
This is stipulated in the name of free trade, which sounds wonderful but is as Orwellian a twisting of meaning as “freedom is slavery” because the global debt economy is rigged so that trade is just about as un-free as it gets. For a start a small number of corporations known as banking cartels hold the power of life and death over just about everybody because they issue money and all advantage accrues to them at the point of issue - they charge everybody an extortionate toll (interest) for its temporary use. Those in the favour of the money lenders prosper through easy access to credit and those out of favour can be given a very hard time because credit can easily be withheld for them or tougher conditions attached to any credit that is extended. Alternatively when someone needs to borrow, they can be loaned slightly less than they really need, guaranteeing that they will eventually fail and can then be repossessed by he who lent them not-quite-enough-money to begin with. There are all manner of tricks a criminal can get up to if he controls money supply and is free to trade to the clear disadvantage of others who are distinctly un-free in his free market. Here’s one: announce that no further credit will be extended to Company X. Watch its shares crash. Buy up its crashed shares at bargain basement prices using the money you have limitless powers to create out of nothing with a sweep of your pen. Thereby seize a majority shareholding in the company. Then announce credit will be extended to the company after all. Watch its shares rise. Then sell your shares at a high price and so make a massive profit for doing nothing at all except messing everybody else about. Alternatively keep control of the company and have it
borrow lots of money from you or your banking pals. Have the company service its increased debts and so flow a stream of interest to you, at the expense of reduced profits and reduced dividends to shareholders.
In the global debt economy nations tend to take ostensibly “unfair” measures to protect their home markets for the very good reason that they are a matter of survival.
Nations are trading from positions of insolvency. Their economies carry more debt than money and are beset by a built-in money scarcity. There is never enough spending power in their economies to buy all the goods they produce and service their debts. They therefore seek to invade the markets of other nations and capture the spending power circulating therein. The debt-driven goal of every nation from the biggest to the smallest, who are all trading from a desperate position of insolvency, is to become pronouncedly net exporters and so bring in revenue with which to finance their debts. Revenue from exports, created in a foreign country with a debt behind it, arrives in the home economy as debt-free money because the debt remains behind in the country of origin. Imports create the opposite effect: the money to buy them goes abroad but the debt that created the money remains behind, increasing the disparity between the debt backlog and the money available with which to service it. The acquisition of debt-free money therefore is vital for economies struggling with insolvency and money shortage. All countries are seeking to be net exporters and fighting tooth and nail to avoid being net importers. However, for one nation to achieve the hallowed status of net exporter some other nation or nations must become net importers. This places nations in a state of virtual commercial warfare, each fighting to invade the other’s home markets with goods and so extract from it money that is already scarce. In such a climate, balanced as they are on a knife-edge of insolvency, beset as they are with money scarcity, with millions of jobs and futures and the popularity of governments at stake, nations tend to try to erect barriers to protect their home economies. The smaller nations and less developed economies in particular need to protect themselves for fear of being swamped by the giant Tyrannosaurs and Velociraptors that dominate the inhospitable global economic landscape.
The corporations based in the richer nations dominate the commercial war-zone that is the global marketplace and in this environment the less developed economies of often small nations are expected to compete. To pay off their loans is impossible - to even come close, they would have to compete more successfully in terms of securing and holding market share and terms of trade than the richest and most powerful nations on Earth! To insist that they dispense with protective barriers is simply a softening-up measure that lays them open to invasion, an invitation to the commercial giants to “come on in and help yourselves!” The dropping of trade barriers which protected the home markets of the debtor nation always results in more powerful nations and their dominant trans-global corporations and banking interests invading the debtor nation’s many domestic markets. I
Loans are often granted on the condition that they are used to purchase goods in the creditor nations. This means that the debtor country, in searching for whatever fuel, machinery, computer equipment and so on it needs to develop its home industries, cannot shop around for the best deals. Neither can it spend the loan in another debtor country, which prevents developing countries helping one another. It also means that instead of remaining as spending power either in the debtor country or in the developing world in general, the money brought into existence by the loan ends up debt-free back in the creditor countries where the international money lenders are based and in whose currencies the loans are usually denominated! It arrives back in the creditor country without the debt attached to it. The debtor country meanwhile no longer has the money but it still has the debt! There results a rise in imports in the debtor country. This is catastrophic in the light of the fact that in order to raise the revenue it needs to service its debt, the debtor nation is striving to achieve a massive surplus of exports over imports!
Debtor countries are required re-orient their economies for exports so as to acquire foreign revenue and repay the debt. With so many of them doing so and so many of them seeking to export the same goods, the resultant glut on various markets intensifies competition and results in a fall in prices and hence a fall in export revenues, making it even harder for the debtor country to pay off its debts. Debtor nations find themselves in a position of having to swim like mad against the tide just to remain where they are.
As the level of indebtedness has mushroomed out of control and the debts of many developing nations have become progressively more un-repayable, new loans have ceased to buy anything at all and simply fund interest payments on old loans. Yet the drive to export wealth intensifies as the debt increases.
The conditions attached to further lending or the restructuring of loans have become more stringent, the economic discipline demanded more and more austere. In essence they demand the debtor sell the family silver, the fridge, the baby’s cot and grandma’s wheelchair in an effort to bring in money to honour the debt to the international loan shark. And who should be there waiting to buy the silverware, fridge, cot and wheel chair at the knockdown prices only the desperately indebted will demand? Why, of course the corporate pals of the loan sharks, buying up the nation’s assets at bargain basement prices - using money loaned to them on favourable terms by...you guessed it... the loan sharks!
The attachment of conditions to the granting of loans, then more and more stringent conditions attached to further borrowing or the rescheduling of debt further into the interminable future gradually moves control and direction of the debtor nation’s economy away from its people or government and into the hands of the banking elite that administers the global debt-money supply.
Such conditions often empower the lender to oversee the development of an entire economy. The measures imposed stipulate drastic cuts in social services, welfare, education, housing, domestic food programs and in fact anything that would divert money away from the paying off of escalating loans or furthering export growth, i.e. the removal of wealth from the debtor country. Such austerity measures are devastating for the honest citizens of the targeted country as wages plummet, prices and taxes soar, services are cut to the bone, national assets are sold off on the cheap and the multinationals take over.
It is this mechanism that accounts for the progressive impoverishment of so many nations: the exporting of their wealth to the developed world so as the earn money to repay their debts - debts that are paper debts, columns of numbers with a large number of zeros - and as the debts are serviced the money returns to the developed world’s banking sector also. So the developing world winds up destitute: no goods and no money with which to buy goods, merely the pressure to produce and export for others to enjoy even more wealth from which their people will never themselves benefit.
The debt mechanism is a sly device for the global redistribution of wealth. It drains debtor nations of the wealth created by their people. Their economies become geared for exports, producing more and more for overseas markets, where goods are sold cheaply - and the proceeds scarcely benefiting the people who produced it in any case - and less and less of the wherewithal by which their own lives become pleasurable or even bearable. It sets up, with few realising that the whole process is neither natural, just nor to the overall good of ANY nation, a slave system where the working people of two thirds of the planet work long hours for meagre, slave level wages in minimal living conditions producing goods that the other third can buy at knock-down prices. But it isn’t even a good slave system because the people of the rich third of the planet get poorer too as their debts escalate and the spending power constricts.
Inflicted on developing nations IMF and WB conditions have proven to be utterly devastating, with falling incomes, unemployment, inflation, increased trade deficits, increasing outflow of capital, mounting external debts, de-industrialisation, displacement of people and the destruction of communities. They lead inexorably to massive deprivation, particularly among the poor and those social groups less able to defend themselves against such harsh strictures.
There is a tendency to believe that struggling nations have “brought it upon themselves” through inept management of their economies. Yet in most cases the inept management is that of the WB and IMF who set and insist upon policies in tune with the economic orthodoxies of western nations. If the same economic austerity were ever applied to, for example, the USA or Great Britain, which have far bigger debts than any developing nation, the people of those nations would starve too.
In terms of helping the debtor nation develop its economy and pay off its debts such conditions are tantamount to helping a man find work by making him a slave.
YUGOSLAVIA: Breaking for Spares
As we have seen, the debt-money system creates a contradiction in which economies can only be successful on condition of a willingness to go into debt.
None of the banking interests nor high priests of economic orthodoxy that advise governments seem in much of a hurry to disabuse them of the carefully nurtured idea that they cannot just create money themselves and satisfy all their economy’s needs for it by spending it into circulation debt-free. That’s too simple and there is no vast, easy profit to be had for the banking elite.
Certainly nobody let the managers of Yugoslavia in on the secret. Because of its success, the admirable job done by its people of rebuilding a prosperous and internally stable nation out of the ruins of World War Two, Yugoslavia had run up considerable debts with the international banking cartels.
The international banking/corporate elite thereby had its leverage and so
Yugoslavia was dismantled and asset-stripped and control or ownership of its industries and other assets was transferred to western corporate interests.
First came economic "reforms" imposed by Belgrade's creditors. Those reforms essentially undid the successful actions of the post World War Two decades and plunged a once expanding economy into massive recession. They wreaked political and economic havoc that caused the country to fracture and fall apart. NATO bombs later seemed to be completing the
job by doing the same thing to the country's infrastructure. Bridges, roads, factories, refineries and the like were demolished and tens of thousands of
people of all ethnic groups rendered jobless. If not dead.
The industrial sector was decimated and the Welfare State dismantled. The accumulation of foreign debt through the IMF, the restructuring and resultant increased cost of servicing that debt, devaluation, wage freezes, drastic curtailment of government expenditure and the dissolution of socially owned enterprises under self-management - in summary an increased flow of money out of the economy and into the coffers of international banks - precipitated an abrupt down-turn in Yugoslavia's economic health. Industrial growth plummeted to 2.8% in 1980-87, then zero in 1987-88 and to minus 10.6 percent in 1990.
One must confront the ugly fact that this caving in of the Yugoslavian economy was entirely deliberate. If the international banking community had intended to help Yugoslavia to flourish, it could just have easily cancelled her debts. This would have cost them nothing because the money loaned came out of thin air in the first place. However as the intent was far different from help, savage conditions were imposed and Yugoslavia's economy began to unravel.
And with it, so did her society.
The austerity measures imposed by her creditors upon that country as a
condition of continuing to extend her credit, shoved her into a ferocious, devastating and ultimately fatal recession. In 1989, as the country slid into deeper economic trouble as a direct consequence of economic "reforms" demanded by her creditors, the then Federal premier travelled to Washington and negotiated a "financial aid package" - more loans of money conjured out of thin air - in exchange for further sweeping economic "reform" that included a devalued currency - thus making it more difficult to pay off the loan - a wage freeze (reduction of consumer spending power in the context of massive inflation) and drastic budget cuts to curtail government expenditure, privatisation and the dismantling of the public sector so that more money could flow out of the country in service of debt.
These measures, among other things, crippled the federal State system by depriving it of funds. Tax and other revenues, which should have been transferred to the federal states and autonomous provinces were diverted instead to servicing the country's debt to Paris and London creditors. The states and provinces were starved of federal revenue and largely left to fend for themselves. The federal institutions and federal fiscal structure were thereby severely crippled and the political disintegration of the federal system accelerated.
The budgetary crisis induced by the IMF contributed mightily to the alienation and eventual secession of Croatia and Slovenia in 1991. The then government of the State of Serbia had rejected the new austerity measures outright and this led to a walk-out of some 650,000 Serbian workers in protest against the federal government. The Yugoslavian Trades Union movement was united in its opposition to the new measures and worker resistance crossed ethnic lines. It included Bosnian, Slovenian, Serbian and Croatian workers standing side-by-side.
The IMF and World Bank's economic "reforms" shoved the country's industrial sector into bankruptcy. By 1990 annual growth of GDP had collapsed to minus 7.5% and declined a further fifteen percent in 1991, while output collapsed by 21 percent.
Among new legislation hastily cobbled together by western lawyers and consultants were measures to abolish socially owned productive units under the management of workers' councils and transform them into private capitalist enterprises under the control, in part, of their creditors. At the same time the entire three-tier banking system of Yugoslavia was liquidated and replaced by independent "profit oriented" institutions.
Measures were introduced under the IMF-World Bank sponsored reforms to freeze credit (i.e. cut off the money supply) to the industrial sector in order to speed up the process of creating bankruptcies, allowing creditors (national and foreign banks) to convert their loans into a controlling equity in the enterprises they had shoved into bankruptcy. The results were catastrophic. In 1989, 248 firms were bankrupted or liquidated and 89,400 workers laid off. In the first nine months of 1990 a further 889 enterprises "failed" and a combined work force of 525,000 was laid off, normally without severance payments. In less than two years more than 600,000 workers out of an industrial work force of 2.7 million were thrown out of work. The largest concentrations of bankruptcies and lay-offs were in Serbia, Bosnia Herzegovina, Macedonia and Kosovo.
Real earnings were in free-fall, social programs had collapsed and, as companies attempted to avoid bankruptcy by not paying wages, 20 percent of the industrial labour force were not paid during the first months of 1990. At the same time a flood of imports purchased with loans granted by the World Bank and IMF further destabilised the home markets, adding in the process even more to the country's debt to the international cartels. Abrupt hikes in interest rates had further crippled the ability of home producers to compete in their own market place.
The mood in the population was, understandably, one of despair As a direct result of measures imposed by the international bankers, Yugoslavia was experiencing a social and economic catastrophe of immense proportions.
The program of bankruptcy continued unabated throughout the civil war and its aftermath and similar or even more severe "restructuring" measures have continued to be imposed on Yugoslavia's successor states by their external creditors. Such reforms are a natural extension of those implemented in federal Yugoslavia.
Fighting a long and brutal war or civil war is a financial burden on the participants, who are obliged to borrow heavily from the international banks to both finance the war and then finance the expensive job of rebuilding their shattered countries when the war winds down. Where else did the likes of Slobodan Milosevic - himself a banker - acquire the funds to buy on the international arms markets tanks, shells and all the paraphernalia of warfare?
Newly independent states have emerged from the chaos already crippled
by debt and obliged to co-operate in "economic reforms" instigated by their creditors. Their leaders in fact vie to co-operate with their creditors so as to qualify for "investment loans" and the economic reforms imposed actually hamper the job of rebuilding. Much of the money provided for "reconstruction" was however intended to enable repayment of earlier debt arrears.
In Bosnia, for example, the reins of economic policy have been handed over to, in part, the London based European Bank for Reconstruction and Development, while the governor of its central bank must now be an appointee of the World Bank and IMF. Management of various parts of the Bosnian economy has been handed over to representatives of the various donor agencies. In effect control of the new "country" now resides firmly in the hands of western banking interests.
Austerity measures imposed as a condition of new loans crash the economy and necessitate further loans. A civil war financed by loans and the resultant rebuilding financed by loans which actually are used to pay off old loans and divert money from the vital job of rebuilding, whilst racking up the state's external debt, the liquidation of enterprises and resultant take-over by external creditors all show a pattern of debilitation and then annexation by western banking and corporate interests.
The most frightening aspect of what has been done to dismantle and share out an entire country is that the same tactics could be applied anywhere. All countries have debts and all countries can be hit by massive hikes in interest rates or the withholding of loans needed to finance budget deficits. Any country could be targeted and dismantled. Including yours - and I am sure many readers will recognise in what happened in Yugoslavia, echoes of the experiences of his own country, albeit - I hope - in less severe and extreme forms.
It is not hard to imagine the leaders of even the most powerful nations being obliged to co-operate in plans to hit a particular country militarily, whatever their individual feelings on the matter, in the face of an implicit or stated threat to "pull the rug “ from under their own national economy. That is assuming of course that those in power are not little more than stooges head-hunted for their willingness to toe the line of banking-corporate policy. The political parties themselves that elevate the Chosen Ones to national leadership positions are heavily dependant upon credit and corporate “generosity,” the members of their higher echelons bound by all manner of financial, familial and other obligations to the very money elite that calls the shots.
Within the current global monetary set-up an already bankrupt and impossibly indebted country could quite easily be pushed over the brink into economic collapse. All the bankers have to do is withhold the credit-money supply or impose harsh conditions for further loans.
In War and Survival I made the point that if you examine the background of any warmongering twerp who stands up and tries to persuade the rest of us that the organised slaughter of our fellows is a good idea, you will find a criminal with transgressions against the survival codes and common decencies of his own people, or someone with ties to, or under the influence of, such criminals.
The conflict in Yugoslavia is a case in point. Its architects were criminals who operate with immunity to the laws and standards of good conduct that bind decent human beings and without their machinations, such a conflict would not have happened.
PSYCHIATRY
DRIVING NATIONS INSANE
There is another aspect to the break-up of Yugoslavia which we have not yet addressed. And that is the creation of ethnic tensions between its member groups.
This is the old "divide and rule" routine. If internal disunity can be achieved, in the view of those with their greedy eyes on the country's assets and oil reserves, this would form the dual purpose of breaking up the federation into its small and more manageable member states and also break up resistance to economic “reforms” that was unified across the ethnic spectrum. At the same time ethnic conflict would act as a smoke-screen for the real causes of disintegration and impoverishment, enabling blame and the finger of suspicion to be shifted in the confusion to where it did not belong..
Ethnic conflict was a symptom of the underlying, hidden causes of the break-up of a nation and not the cause itself. And, as we have seen, a civil war means lots of borrowing to finance it, plus lots of lovely borrowing to finance rebuilding afterwards, and oodles of buying weapons from British and American corporations that manufacture arms and with whom the money elite is
interwoven. All this is lovely stuff for the banking cartels. And you’ll notice that no matter how austere the conditions attached to WB/IMF loans may be, no matter what privation they demand of honest people, they rarely if ever forbid the use of the borrowed money to buy arms from western manufacturers.
But how do you get people who have been living together peacefully together for many years, whose past differences are where they belong - in the past - who stood shoulder to shoulder in opposition to the reform measures and who are in any case among the most decent and sociable people on the planet, to start tearing one another to pieces? How do you get millions of people of good will to so wrongly target one another as a survival threat? Simple; you have to lie to each about the other.
This is where the bankers' old weapon against populations came in, those proven experts in the arts of mass manipulation, getting people thoroughly upset and driving them mad: psychiatrists.
The alliance between the banking elite and psychiatry is one of long standing. This is so much so that it is very unlikely psychiatry would have survived at all without that help either directly or via government funding. Psychiatry is generally despised by people and few would voluntarily hand over their hard-earned wages to have their brains fried, be dosed up to the eyeballs with dangerous mind altering drugs or, in the myriad ways unique to psychiatry, otherwise abused. International banking interests have for many years supported
psychiatric programmes financially and flowed money into psychiatry's coffers. They heavily financed, for example, German psychiatry in the build-up to World War Two. Nazi psychiatry implemented the archetypal "ethnic cleansing" programs of the Third Reich, although at the time they went under the name of "racial hygiene.” Banking firms like the Rockefellers poured money into British psychiatry, notably the Tavistock psychological warfare centre in London.
Hitler, as we now know, was a psychiatric patient and German psychiatry, generously supported by Western banking interests, engineered the Holocaust. Montagu Norman, the then Governor of the Bank of England and himself a psychiatric patient, "propped up Hitler's credit, arranged the armament of Nazi Germany, and guided the strategies of Hitler's powerful supporters - the [bankers] Rockefellers, Warburgs and Harrimans." (Executive Intelligence Review 7.10.94)
Similarly Serbian psychiatry.......
From the ranks of Serbian psychiatric quackery and fakery emerged one Jovan Raskovic and his book the "Mad Country,” a pseudo-scientific work in which the mind-doctor, an enthusiastic practitioner of ECT (electro-convulsive torture) purported to have "discovered" that the Serbian people were superior to their Balkan neighbours and the only fit race to assume leadership of the region, producing disingenuous pseudo-scientific psychobabble to “support” his opinion. This psychiatrist and his book were feted, lionised and promoted through the Belgrade media and Raskovic was granted the status of the greatest scientific thinker of his age. The feting and lionisation lent this bogus scientist credibility and, looking no deeper than the razzmatazz to the complete lack of scientific method, test results and so forth beneath it, some people believed him. But Yugoslavia was in a state of collapse, people were panicky and upset and not thinking straight. Psychiatry has long known that if you traumatise someone you render him more suggestible.
The parallels with Nazi psychiatry are chilling and it is no coincidence that in Yugoslavia we saw spring up under the aegis of psychiatrists concentration camps in the Nazi mould. In Nazi Germany similar pseudo-scientific arguments were put forward, during a similar period of engineered economic collapse, by psychiatrists like the infamous Ernst Rudin, that targeted the Jews and other ethnic minorities as the inferior races and as the scapegoats for the country's ills. Masquerading as science, such propaganda provided justification for the suppression of a "inferior" race by a "superior" one - although what is so superior about the cowardly act of herding frightened mothers and their children into a shed and killing them using a deadly gas (manufactured by the way by IG Farben a company led by the Warburg banking family, partners of the Rockefeller banking family right through the Holocaust and World War Two) is beyond me. Perhaps one had to be there to witness such noble superiority at work.
The trick is to dehumanise the victim. If you can make someone believe that someone else is somehow less human (dumber, dirtier, sneakier, smellier, creepier or whatever) and less worthy of life, then vicious suppression of the victim's rights can be made to seem acceptable or even necessary. Certainly the attitudes of Serbian ethnic cleansers towards the Bosnians and later the Albanians in Kosovo show that this was precisely the vicious misapprehension that had been engendered.
Alongside this "scientific" vilification of non-Serbs conducted by Serbian psychiatry and popularised through the Belgrade media,.was run an allied media campaign designed to exhume ancient differences stoke the cinders of old grievances and restimulate historical fears of one ethnic group towards
another. This included media coverage of carefully staged or made up “incidents” to "prove" the “badness” of targeted groups.
In Croatia Raskovic installed three ex-mental patients of his to start up a Serbian Democratic party. This party was to represent the Serbian communities within Croatia and to stir up Serbian nationalist sentiment against the Croatian government. Raskovic did the same in Bosnia where his pupil, the "Butcher of Bosnia," psychiatrist Radovan Karadzic was installed as a leader of the Serbs in Bosnia. The rest is history and does not need re-telling here except to point out that, as in Nazi Germany where psychiatrists ran the extermination (racial hygiene) programs, in Yugoslavia psychiatrists figured prominently in similar programs, now dubbed ethnic cleansing.
Such propaganda was entered into societies already rife with uncertainty and beset by fear and bewilderment. Member states of the Yugoslav federation were already driven to near despair by harsh economic reforms instigated by the IMF and World Bank. A long period of liquidations and bankruptcies, lay-offs, non payment of wages and plummeting living standards had been engineered. The federal system was fracturing fiscally and people were thrown into disillusionment with the political traditions and institutions of their country. The true causes of Yugoslavia’s troubles - IMF and WB economic “reforms” - had been carefully not explained to the people, making it easy for blame to be wrongly assigned in the turbulence.This was fertile ground for psychiatry to work its dark magic, using its knowledge of mass manipulation to stir up ethnic tensions between traumatised and fearful communities. Bewildered and demoralised peoples were induced both to blame and to fear one another. These tensions grew and simmered and finally exploded. The civil war ensued and by the end of it the member states were hopelessly in hock to the banking cartels. Western banking interests had more or less taken control and have worked ever since to tighten that control still further. It was seen as the cause of the country’s impoverishment but civil war was itself a symptom of the mach-inations of the same criminal minds. It provided a highly profitable smoke-screen that explained away economic meltdown and successfully hid from view the real causes. It provided the pretext to send in troops to act as “peace keepers,“ enforcers who would police the newly annexed territories, the military occupation presented as "help" and so not only not opposed but applauded by the global community. The whole operation was as brilliant as it was evil. So too the later civil war in Kosovo.
Keeping Belgrade in the frame of mind to commit the atrocities that could be paraded in the Western media and used as an unassailable reason for moving in an occupying force was easy for the international financiers. You find yourself a cheap politician, a Hitleresque stooge whom your pals in Serbian psychiatry have messed up with electro-shock and drugs and turned into a man-made monster without impulse control or feelings of responsibility or remorse. [And as an aside, you will find if you investigate that an inordinately large number of the world’s leaders have psychiatrists right in close to them. Even Osama Bin Laden of contemporary infamy has a psychiatrists as his right-hand man.]
Thus we have the banker Slobodan Milosevic, ex-patient of the psychiatrist Radovan Karadzic, whose parents committed suicide and whose own wife was taking psychiatric drugs for "depression,” in power in Belgrade. Mad Milosevic could be relied on to support Karadzic's atrocities in Bosnia and the similar atrocities being carried out against the Kosovars because Slobodan was not quite right in the head.
The hopelessly indebted western media could be relied upon to report the atrocities committed by Slobodan's Serbian troops, themselves out of their heads on drugs supplied by his psychiatrist pals, in graphic detail. Western TV screens showed streams of refugees fleeing the NATO bombs raining down on their villages from the sky. Slobodan's ethnic cleansing could be blamed without your media having to get overly creative in making things up. A tame media would report what it was “necessary” for western people to see and ignore what was “not in their interests.” The public, under this slanted barrage, could be persuaded to accept the invasion of a foreign country as a tragic but unavoidable measure to protect innocent people. They wound up applauding the bombing of women and children as "the only way to stop the killing".
The British and American arms manufacturers made a bundle from the war but this is never mentioned, and everyone missed the irony of the Apache helicopters despatched to the Americans’ Balkans war machine: 'Apache' was the name of one of the many native American cultures ethnically cleansed virtually to extinction.
VULTURES
Mad old Slobodan could be relied on to keep things going to the bitter end, until Serbia and Kosovo both lay in ruins and the international bankers, fresh from lending money to finance the war, could conjure new loans out of thin air with a sweep of their magic pens to finance the rebuilding of shattered
nations, while western business interests moved in like vultures and asset-stripped the smoking remains.
NATO was manoeuvred into breaking international law by using force against a sovereign nation that posed no threat to it, while claiming it was acting in the interests of humanity or civilisation as we know it or some such fabrication. Milosevic was a man-made monster messed up by drugs and ECT - one wonders what excuse NATO leaders (and they know who they are) had for their war crimes.
Far from its original mandate, to protect Europe from outside aggression, NATO has become the military arm of the banking system, its once proud armies, our sons and daughters, unwitting enforcers for the global loan sharks. And the loan sharks do not even have to pay for their services. We do that, through our taxes.
The breaking for spares of one nation is soon forgotten as the deliberately short attention span of the media drifts to the next crisis, the next violent episode of nation-wrecking and so carries public concern with it. Barely noticed amid the turmoil, the lights of hope, aspiration and human liberties are snuffed out one by one and Man is, by degrees, enslaved. The slavery is never called slavery, conquest and colonisation never called by their correct names. Under the epithets “free trade” and “democratisation” the very antithesis of free trade and democracy are imposed on nations by a sly criminal elite of usurers and merchants of chaos.
The more nations can be dragged into expensive conflict, the more cruise missiles fired, bombs dropped and sorties sent out, the more it costs. The arms manufacturers and other firms linked into the military-industrial complex of the peace-loving West, see their shares soar on the stock market and no war can be financed without loans. The mighty corporations, based in civilisations whose industrial machines run on oil and devour resources like the rapacious debt-driven monsters they are find their interests hugely assisted by such conflagrations.
If they really wanted to, the bankers could have stopped Milosevic at any time without a shot being fired or a NATO pilot risking life and limb to strafe a TV station. All they had to do was stop lending him money to buy his tanks and shells and pay his army! If they can set conditions that demand a debtor nation
destitute and dismantle itself, throw millions out of work, re-orient the entire economy to exports, sell off state assets and all manner of suicidal things, then how much easier would it be to insist upon measures that are pro-suvival, such as the active support of human rights, the proscribing of arms purchases and
violent incursions against neighbours and the observance of international law. But they could have stopped every war for the past three hundred or more years had they wished to because both sides were financing their war efforts on their loans! They choose not to. There is less profit in peace.
They could have launched a full economic recovery of the region too, and in the process restored peace and stability, simply by cancelling all outstanding debt. It would not have cost them anything because the money they loaned did not exist in the first place.
Bombing Kosovo and Serbia to bits achieved nothing but make richer the bankers and their allies among the global corporations and arms companies, while further setting in bitter concrete hatreds that had hitherto become but bad memories. It saw maimed and killed a lot of innocent men, women and children. Almost all the casualties of NATO bombing in Kosovo were non-combatants, many of them Albanians, whose only crime was to be part of a once-successful nation on which western corporate interests had designs.
Slobodan Milosevic quite rightly stands trial for war crimes. But what of accessories to the crime: the bankers who engineered the war for their own profit, who held the power, with a snap of their fingers, to stop the ethnic cleansing, bombing and murder over night? What of the western corporate mandarins in league with these lunatics, who stole, yes STOLE, the assets, resources and productive energies of innocent people?
JUSTICE: A SIMPLE SOLUTION
There is a simple solution to such deliberately created disasters: apply justice to all the perpetrators and architects thereof. Expose and denounce them and the money fraud that is their modus operandi. They are just criminals after all.
One can dis-empower such criminals permanently and restore any nation to such good health that no excuse nor provocation nor fertile ground for
internecine strife will exist. Have governments restore unto themselves the job of issuing the country's money supply. Have the money brought into existence thereafter spent into circulation, not loaned, and in step with economic growth. Use the new revenue to reduce taxes.
Any country thus supplied with real, stable money, with non-punitive levels of taxation, free from the crippling burden of debt would boom. There would be enough money supply for schools and hospitals to be built, industries would flourish and their people would be able to get on with the business of living without debt, inflation, taxation and the persistent malfunction of the economy sabotaging their every effort to live decent lives.
Any nation producing its own money sensibly would no longer be prey to the manipulations of creditors. It could run its affairs in the interests of its people without crippling austerity measures being imposed on it from outside.
Without the influence of those external creditors, nations could not be
manoeuvred into war by third parties who profit from people killing one another.
The war in Yugoslavia was created. The people of the region and we in the West have been manipulated into waging it. Not one Serb, not one Kosovar, Englishman, American or anybody else needed to die. No bridges, schools, hospitals or roads had to be blown up using weapons that you and I pay for one way or the other.
Only madmen like Milosevic and his barmy counterparts in other nations would order in tanks, troops or planes against ordinary people to"solve" a problem that was created by international bankers manipulating a debt-money supply that those bankers conjured out of nothing to begin with.
We can do something about all this. We can dramatically reduce the likelihood of some nut in the future dragging us into yet another war. Reform of the money system is the key and it is easy to implement, given the will and the demand for it. But now that we know these things, the next war will be our personal responsibility. Because we could have stirred ourselves to prevent it. After all our nation could be the next target. Somebody’s is going to be. When it happens, it won't be good enough to blame nuts like Milosevic, or generalised masses of people such as “The Americans,” “NATO” and so on, as refugees of this nationality or that are dying under a hail of someone’s bullets and someone else’s bombs.
Putting a stop to the money scam will at least rob the criminals of their power to wreak destruction and dismay, while hopefully someone will erect a half decent justice system for identifying and removing from the opportunity to harm, the specific criminals responsible.
A CALL FOR UNITY
The ordinary people of all nations are our potential allies in the quest for the survival and betterment of the race. In seeking to produce and contribute and deal honestly with their fellows they are in alignment with our own survival
efforts, not in opposition. They are not our enemies.
The good men of all nations have a common foe that works assiduously for their enslavement and constraint. And that foe is most certainly NOT each other.
We have a common enemy and that is the global banking elite.
Its power derives solely from its "right" to issue the world’s money as credit. Take away that “right” and it has no power. Its power to build its covert corporate empire, to smash nations and turn our once proud countries into colonies and cheap labour zones will be gone.
Restore to government its legitimate function and duty and, as Abraham Lincoln called it, its greatest creative opportunity: to create and issue the nation's currency. Any nation that does this will not only be truly free, it will flourish beyond all imagining.
I urge all those opposed to the new corporate imperialism to form an alliance and speak with one voice. Familiarise yourselves with the money scam that I have outlined here and then denounce it broadly and loudly with one voice.
Focus on spreading the message at the grass roots level. People have a right to know exactly how they are being exploited, murdered and mucked about. No reasonable man will tolerate such a murderous criminal fraud the moment he learns of it.
And when millions of good people learn of it, it will quickly vanish.
In its place will come sound money, a co-operative rather than combative economy, more honest government, the breaking of the economic duresses that
inhibit us and the economic basic of, perhaps, a truly great civilisation.
I really don’t want to see anyone else’s kids blown to bits so some nut can have his cheap oil and his equally nutty pal line his pockets with other people’s money.
Do you?
Kieron McFadden
