Globalization: Part I, Beginning Seeds

Some people think not, but history is important when attempting to understand current events. Globalization arguably and presently is the most significant event relative to the future of our Republic and our individual sovereignty. Here, in Part I, I'll present the beginning seeds of the phenomenon known as Globalization or Globalism.

In 1944-45, as a result of the Bretton Woods Agreement, the International Monetary Fund (IMF) and what finally came to be known as the World Bank were created to help rebuild Europe after WW II. The Agreement, drawn up by the UK and the USA, established the rules/regulations for an international monetary system. Some years later, the IMF and the World Bank began making loans to poor countries, the Third World...and those loans had strings attached. More on that in Part II.

In 1965, General Suharto launched a successful coup against Sukarno in Indonesia, a country rich in resources, potential markets, and potential labor. The coup was known about beforehand by both the UK and the USA, but not revealed to Sukarno. [Sukarno, a strong nationalist, had kicked the IMF/World Bank out of his country...refused their "aid".] After the coup and over time, between 500,000 and one million Indonesians were murdered by the Suharto regime. Our CIA supplied a list, which facilitated the beginning of the massacre, of about 5,000 Indonesian communists to the Suharto regime. During that time, loans were made to Indonesia by the IMF and World Bank...with strings attached.

In 1967, Time-Life Corporation sponsored a meeting in Switzerland, the purpose of which was to plan the corporate takeover of Indonesia...that is to say, the economic (not political) takeover. David Rockefeller, a Council on Foreign Relations (CFR) member, representing Chase Manhattan Bank attended, along with dozens of other business luminaries--- representatives of Lehman Brothers, various oil companies, food companies, ALCOA, U.S. Steel, Siemens, various other banks, etc. General Suharto had his representatives there as well. [This is a classic example of Fascism in action--- mega corporations colluding with government cronies in order to control both the People and the economy.]

The large group in Switzerland divided up according to various sectors: banking and finance, food, consumer goods, oil and energy, etc. Each smaller group then hammered out the rules for doing corporate business in Indonesia. As part of the deal, the government of that country obtained another series of loans from the IMF/World Bank.

In 1973, the USA's CIA helped overthrow the democratically elected President of Chile, Salvador Allende...because he was a Socialist, and probably had plans to nationalize U.S. businesses in Chile. A brutal dictator, General Pinochet, was installed; some time later, Pinochet's government obtained loans from the IMF/World Bank. Pinochet ruled for seventeen years. Henry Kissinger, a CFR member, chaired the meetings in the Nixon Adminstration that dealt with covert operations in Chile prior to the coup. Also prior to the coup, a Pepsi Cola franchise owner in Chile who also owned a newspaper (which was thought to be a CIA front) was called to DC to update Dr. Kissinger on the political situation.

In the 1980s, Thatcher of the UK built up her country's arms business and made a lot of armament sales to General Suharto of Indonesia. Also during that time, Thatcher and the USA's President Reagan laid the groundwork for what became known in 1989 as the "Washington Consensus"---a series of policies that supposedly would lead to global prosperity and unfettered economic growth by means of deregulation, privatization and trade liberalization (so-called "Free Trade") around the world. In the Third World, such a lofty goal would be attained through use of the IMF and the World Bank. The "Structural Adjustment Programs" of those two institutions supposedly would be the key to success. Details in Part II of this essay.