The official statement by this committee is: The Bretton Woods Committee is a bipartisan, nonprofit group organized to increase public understanding of international financial and development issues and the role of the Bretton Woods institutions — The International Monetary Fund, The World Bank, and the regional development banks — in the global economy.
The game began at an international meeting of financiers, politicians, and theoreticians held in July of 1944 at the Mount Washington Hotel in Bretton Woods, New Hampshire (named after its hotel like the Bilderberg Group to hide its intentions). Officially, it was called the United Nations Monetary and Financial Conference, but is generally reffered to today as simply Bretton Woods Conference. Two international agencise were created at that meeting: the International Monetary Fund and its sister organization, the International Bank for Reconstruction and Development commonly called the World Bank.
The announced purposes of these organizations were admirable. The World Bank was to make loans to war-torn and underdeveloped nations so they could build stronger economies. The International Monetary Fund (IMF) was to promote monetary cooperation between nations by maintaining fixed exchange rates between currencies. But the method by which these goals were to be achieved was less admirable. It was to terminate the use of gold as the basis of international currency exchange and replace it with a politically manipulated paper standard. In other words, it was to allow governments to escape the discipline of gold so they could create money out of nothing without paying the penalty of having their currencies drop in value on world markets.
Prior to this conference, currencies were exchanegd in terms of their gold value, and the arrangement was called the “gold-exchange standard“. This is not the same as the “gold-standard” in which currency is backed by gold. It is merely that the exchange ratios of the various currencies – most of which were not backed by gold – were determined by how much gold they could buy in the open market. Their values, therefore, were set by supply and demand. Politicians and bankers hated teh arrangement, because it was beyond their ability to manipulate. In the Past, it had served as a remarkably efficient mechanism but it was a strict disciplinarian.
The method by which this was to be accomplished was exactly the method devised on Jekyl Island to allow american banks to create money out of nothing without paying the penalty of having their currencies devalued by other banks. It was the establishment of a world central bank, which would create a common fiat money for all nations and then require them to inflate together at the same rate. There was a kind of international insurance fund, which would rush that fiat money to any nationa that temporarily needed it to face down a ‘run’ on its currency.
Left/Right is defined typically in the terms best explained by Norbeto Bobbio
Left historically shows support for the ideas that social and political institutions are socially constructed with the power of human reason, and using workable schemes through reason equality can be achieved. Right historically have been more reluctant to reduce existing inequalities because they are part of the Natural Order. They are skeptical of the power of Reason to change, and they affirm the traditional and custom based derived natural order of power.
The Particularist-Protectionist Right
The economic nationalism of Pat Buchanan and Lou Dobbs and Pat Robertson and Ross Perot, embraces populism. Populism is defined as a political ideology that articulates anti-elitist positions involving some kind of exaltation of “the people” mixed with appeals to people’s “common sense” and “moral decency” Right wing populists such as Buchanan demonize transnational corporate elites while at the same time launching xenophobic attacks (a drawback of populism). Populism is often fueled by peoples legitimate grievances that dominate everyday life but links and deflect popular discontent away from positive social change by targeting only small sections of the elite or groups falsely identified with the elite”
Reform party emerged in the mid 1990s brainchild of Ross Perot, winning 19 percent of the national vote in 1992. Most famously Texan Billionare Perot opposed NAFTA convinced that is carried ‘the virus of globalization’. Buchanan inherited the remains of the Reform Party in the summer of 2000, suceeding ross perot as spokesperson of the anti-globalist right.
“Darwinian world of borderless economy, where sentiment is folly and the fittest alone survive. In the eyes of this rootless transnational elite, men and women are not family, friends, neighbors, fellow citizens, but ‘consumers’ and ‘factors of production'” – Patrick Buchanan
“greedy global mandarins who have severed the sacred ties of national allegiance head the council of foreign relations and the business roundtable. ‘their elitist conspiracy has eroded the power of the nation-state and replaeced it with a neoliberal new world order” – patrick buchanan
Although buchanan recieved only 1 percent national vote in the 2002 presidential election, variations of his message continue to resontate in a country where 78 percent of the population have not travelled to another country in the last 5 years, and 26 percent follow foreign news closely.
— this view has been moderately ill-represented in the anti-islamist movement even though it initially dealt with the influx of immigration and open borders
Gerhard Frey’s German Right-Wing Extremism
The DVU (deutsce volksunion) German People’s Union was founded in bovaria in 1971 as a right-wing umbrella group by Dr. Grehard Frey, a neofascist millionare publisher who has been providing most of the party’s funding.
“We adamantly oppose any cuts in social spending, and strongly resist the neoliberal agenda to turn Germany into a low-wage class society like Britain and the USA. An increasing number of people in these countries have to cope with “Third World”-style living conditions while a small minority of billionaires and multimillionaries are earning mre money than they could possibly spend. German Chancellor Schroder wants to introduce this perverse culture to Germany too. There is no way we will ever tolerate this” – DVU document
The document goes on to note that Germany, by itself, would not be powerful enough to stop the spread and influence of transnational corporate elites and bankers, and that a regional agency of “ordinary europeans” would have to be developed to co-operatively tackle the NEOLIBERAL UN IMF take over, but this european co-operative would look nothing operationally like the UN or EU.
United in their opposition to a neoliberal internationalism, sovereign european nations would voluntarily appeal to form an anti-imperialist blog against the further spread of American-style globalization. Moreover they would “actively support popular movements in many other countries of the world against so-called ‘globalization’ which is in fact an Americanization of the world” Similarly explicit antiglobalization statements are routinely inserted in NPD (national democratic party) promises to “build a new Germany out of the rubble of liberal capitalism”
Hugo Chave’z Bolivarian National Populism
After spending 20 fears fighting ultra-leftist guerillas, teaching sports and history at the military academy in Caracas Chavez ultimately came to the conclusion that the tradional Venezuelan party system was too corrupt to be reformed. Taking advantage of his new assignment as the commanding officer of a parachute regime Chavez attempted to overthrow the democratically elected President Carlos Andrez Perez. His attempt failed instantly, but when he appealed on television he made a strong enough support among his countrymen to be pardoned 2 years later by President Caldera.
Chavez still believed the electoral aspect of Venezuelan politics was too corrupt to run for president (with whats happened to Buchanan, Paul, Nader, and Perot its easy to see the electoral failings) but, when it became clear in 1998 that large segments of the population supported his national populism, he changed his mind. Assuming the leadership of Patriotic Pole, he embarked on a rigious electtion campaign. In 1998 he was elected with 56 percent of the vote and immediately issued a decree for a national referendum on the elections for a national constitutent assembly that would be gven the task of drafting a new constitution. This passed with 80 percent of the vote, and in july 30 2000 Chavez was elected a six year term as “Bolivarian Republic of Venezuela”
By the 1980’s Venezuela’s foreign debt had skyrocketed, giving the IMF the opportunity to link further loans to the implementation of a comprehensive economic program that included strong dregulation measures and drastic austerity budgets. The implementation of this neoliberal agenda led to significant price increases for basic goods and services, ultimately sparking large uban riots in 1989 and 1996, during which police forces and state troops killed thousands of protestors.
Throughout the 1990’s neoliberal globalization filled the coffers of Venezuela’s tiny wealthy elite, whereas the vast majority of citizens experienced a noticeable drop in their living standards, by the time Chavez campaigned for president nearly 80 percent of Venezuelans lived in poverty, unemployment held steady at almost 20 percent (with 50 pecent of workers languishing in the “informal economy”), and the violent crime rate had exploded to fifty murders per weekend in the capital city of Caracas.
Chavez’s political message took aim at two targets: Venezuela’s elitist and corrupted political system perpetuated by the established parties, and the “savage neoliberalism unleashed on the South by Northern globalist forces.”
Chavez believed that Latin America’s best bet was to form military and political alliances with nations in the Middle East and Asia in order to counterbalance the power of teh globalism most evident in teh U.S. Based “Jewish financial mafia”” ‘the only way to fight neoliberalism is to unite”. Chavez admitted his aim is nothing more than to realize the old dream of nineteenth century Bolivar, Gran Colombia. It would be an important foundation to challenge the etsbalishments of the united states and the european union.
Ralph Nader + Dennis kucinich
Ralph Nader from back in 1994
“Q: There must be firms or forces in society that you have decided now are more malignant than you thought 25 years ago, and companies on the other hand that actually have improved and are behaving better. There must have been some changes.
A: With the collapse of communism and with the absence of any alternative way of ordering private property and using public assets, we’re entering into a generation of global power of the multi-national corporations. There’s no society that’s able to withstand commercial western culture. Perhaps fundamentalism and Islam is trying to do it…. But that’s going to be the challenge now, whether democracy is going to be up to it. Whether these giant corporations are going to be able to respect instead of erode and control democratic processes and these new trade agreements like GATT and the World Trade Organization are not encouraging. ”
Dennis kucinich interview:
“Okay. Last question, you got, you really got me started thinking about globalization and you have opposed, I believe, globalization treaties as they stand. And I’ve grown to really feel that globalization is bad for America and bad for Third World countries. Where do you stand on globalization now?
Kucinich: Well, first of all, let’s take a broader perspective. I see human immunity as being an imperative. I see the world as being interconnected and interdependent. And then all of us are one. That we are one organic whole as people worldwide that transcends the nation-states, religion, culture.
There really is a spiritual unity and an organic unity much the same as Einstein promoted a unified field theory of the physical universe. There is the same kind of unity in the social universe. Now, the fact that trade organizations have developed are not necessarily a bad thing.
However, when the organizations were developed the intention of being able to lower wages, lower standards on human rights and worker’s rights, lower environmental- quality principles; that’s a problem. So the North American Free Trade Agreement, the General Agreement on Tariffs and Trades, the World Trade Organization, the International Monetary Fund, and the World Bank all work together somewhat synchronously to lower standards of living, to increase corporate control over nations, to strip the wealth of nations and into the, towards massive privatization programs, to impose upon the people of the world the structural readjustments of lower wages, and lower benefits, and lower expectations, to bring about a measure of control of nation-states, which end up being antithetical to the organizing principles of those nations.
So do these international structures have to be that way? No. But they ended up that way because they’re leading the cause of international finance and international capitalism, which is essentially amoral and about maximizing profits at the expense of human values. ”
Intercontinental Network of Resistance
The inter-continental meeting in 1996 in the chiapas mountains featured over 5,000 attendants and was called upon by Subcommandte Marcos, the closing remarks speak for themselves
“But what next?
A new number in the useless enumeration of the numerous international orders?
A new scheme that calms and alleviates the anguish of having no solution?
A global program for world revolution?
A utopian theory so that it can maintain a prudent distance from the reality that anguishes us?
A scheme that assures each of us a position, a task, a title, and no work?
The echo goes, a reflected image of the possible and forgotten: the possibility and necessity of speaking and listening; not an echo that fades away, or a force that decreases after reaching its apogee . Let it be an echo that breaks barriers and re-echoes. Let it be an echo of our own smallness, of the local and particular, which reverberates in an echo of our own greatness, the intercontinental and galactic. An echo that recognises the existence of the other and does not overpower or attempt to silence it. An echo of this rebel voice transforming itself and renewing itself in other voices.
An echo that turns itself into many voices, into a network of voices that, before Power’s deafness, opts to speak to itself, knowing itself to be one and many. Let it be a network of voices that resist the war that the Power wages on them. A network of voices that not only speak, but also struggle and resist for humanity and against neoliberalism .
The world, with the many worlds that the world needs, continues. Humanity, recognising itself to be plural, different, inclusive, tolerant of itself, full of hope, continues. The human and rebel voice, consulted on the five continents in order to become a network of voices and of resistances, continues.”
“In the next century, nations as we know it will be obsolete; all states will recognize a single, global authority. National sovereignty wasn’t such a great idea after all.”
– Strobe Talbot, President Clinton’s Deputy Secretary of State, Time Magazine, July 20th, l992