Do you think the economic hitmen are going to work overtime now?

Look at what's happening in South America while everyones focused on the middle east!

They're beginning to free themselves of the IMF's grip and have plans to form their own version of IMF. Look for the MercoSur trading bloc to start to become more powerful.

South American nations eye alternative to IMF

BUENOS AIRES -- Venezuela and Argentina aim to establish a new regional bank for nations frustrated with conditions imposed by the International Monetary Fund (IMF).

Argentine President Nestor Kirchner announced recently that the countries will cooperate on a "binational" bond issue that will serve as a precursor to a regionwide financial institution, an idea promoted by Venezuelan President Hugo Chavez.

Regional news outlets said the so-called "bond of the South" would be valued at about $2 billion and be used to finance infrastructure projects.

Here's another article, but with a political slant though.

Mercosur Dumps U.S. Economic Lunacy

Contrary to twisted media reports and the howls emanating from various centers of world finance, the July 20-21 Presidents' summit of the Common Market of the South (Mercosur), in Córdoba, Argentina, was not some meeting of Ibero-American leaders "moving to the left," supposedly evidenced by the presence of Cuban President Fidel Castro and Venezuela's Hugo Chávez.

The reality is that, like many other foreign leaders who see only insanity coming out of Washington, the five Presidents of Mercosur's permanent members (Brazil, Argentina, Paraguay, Uruguay, and now, Venezuela), and associate members Bolivia and Chile, are all seeking ways to distance themselves from the Bush-Cheney Administration's insistence that fascist globalization is the road to economic progress. Absent any serious global programmatic initiatives, such as those put forward by statesman Lyndon LaRouche, Ibero-American Presidents discussed plans to create new regional financing agencies and mechanisms to address disparities within the bloc, to accelerate the process of regional integration, and ensure that its benefits are enjoyed by all of its members.

Here's another article.

www.venezuelanalysis.com...

Chavez is a driving force behind this process.

Of course, the IMF is there to give the countries with too much debt to corporations or other countries. They are not what they say they are. They don't help countries, the worsen their case.

Sorry for my english.

I noticed there was a bombing in Columbia that made the news today.

Everytime South America tries to get it's act together "trouble" starts and we all know who is usually behind it.

But then again, the economic realities now setting in along with oil producers gaining more power, maybe this time they can succeed.
.

I just hope that the global elite (IMF, World Bank, BIS) don't have their hands in this. Or else it will still be the same story for those countries. But it seems to me that they might be shut out. Look for something huge to happen in South America in the future.

Btw if anyone was wondering why this has anything to do with economic hitmen, the answer is that during the years they were actively involved in supressing the economies of the South American countries in favor of big business (usually big American corporations). With these new plans in the trading bloc we will have new scenarios. Either the ways of the economic hitmen are outdated (that is if the global elite have hand in the plans of this trading bloc), or they'll be even more active as before to suppress these plans which can even result in war in the future.

[edit on 4-8-2006 by TheBandit795]

For more info on economic hitmen, check out this interview with John Perkins. A retired economic hitman.

democracynow.org.../11/09/1526251

It's in text, streaming and podcast version.

John Perkin's webpage:

www.economichitman.com...

Originally posted by Gools
But then again, the economic realities now setting in along with oil producers gaining more power, maybe this time they can succeed.

That will probably prove to be the crucial factor indeed. And Brazil is also in a great position due to it advanced level of independence of fuel and other recourses.

Originally posted by TheBandit795
Chavez is a driving force behind this process.

Im not surprised! He is a hero after my own heart. Very good ATS thread here, primarily its a video about the coup in Venezuela, whats amazing is its a televised coup! A couple of Irish fellas making a documentary, land themselves in a real life coup. The reason why Ive posted this because it gives a unique chance for us to see someone like Chevez doing what he does.

This Economic Revolution will be squashed or alternatively it will be allowed to happen and will either be taken over or destroyed and hung out as an example for us, like a deadman cage at a crossroad.

Chavez et al. need us to have a revolution too, otherwise they will be fighting a too powerful foe, one who has all the superpowers (countries that is) at their beck and call.

I wonder if it would surprise many people to discover that alot of 'thrid world' countries have already paid off their initial debts, but its the interest, no, compound interest, that is crucifying them - all of us.

*looks startled*

Seems like I got on my soapbox again

*steps down*

The elite always control every side. This new South American Version of the IMF still operates with debt.
Gold is the money of kings.
Silver the money of gentlemen
Barter the money of peasants
Debt the money of SLAVES.

Nothing will change. The average people will still be poor. The Rothchilds, Rockefellars, Warburgs, and all other creeps will have their hands involved in one way or another. However this could be what the eilte want all along. They are going to destroy the U.S. sooner or later.

Interesting info, bandit!

I see there is an ATSNN submission right now about how Chavez is planning on having diplomatic ties with West Africa. He also will

give $100m worth of oil to Mali annually, with no debt acquired by Mali or payment needed. Chaves has even said that he didn't need thanks.

www.abovetopsecret.com...

Originally posted by BattleofBatocheNothing will change. The average people will still be poor. The Rothchilds, Rockefellars, Warburgs, and all other creeps will have their hands involved in one way or another. However this could be what the eilte want all along. They are going to destroy the U.S. sooner or later.

Please don't kill my hopes... I really don't want to agree with you, and I'm very afraid that it could be true. But if it's true, it's true. Then it's the first scenario I mentioned in my third post.

Which would make Chavez and Castro in one way or another still be controlled by those global elite. Which wouldn't surprise me anyway. They've controlled every anti-establishment organization from communism to the black panthers.

I do not recall reading about the IMF in my pre1877 US history textbooks. Some of these South American nations just need to eliminate corruption to a degree, build better public schools and universities, and cut it out with the socialism.

It's usually multinational corporations that are promoting the corruption in these countries... For their profit.

The IMF has been bleeding S. America dry for a long time by imposing horrendous interest rates on loans to poor countries, such high rates that they will never be able to pay off their debts. Hugo Chavez, as it says in the article, has given money several S. American countries so they can pay off their loans and sever all connections to IMF, which they did. I've watched Hugo for a long time now, since 2001 and I've never seen him be accused of any corruption, unless of course you count the U.S. govt who are terrified of him. They tried but couldn't topple him or assasinate him, at least so far. My bet is on Hugo, he fights U.S. govt/elites every chance he gets and he knows that if it continues, it will engulf and destroy the whole world. In such 8 short years, Hugo has forged all kinds of alliances around the world, has helped numerous other poor countries, etc. He kicked out the multination oil companies and nationalized Venezuela's oil so that the wealth would go to the people, not foreign corporations that would rape thier country. He has given national health care to the country, as well as very cheap oil, and he's erased illiteracy completely.

He is making this move mostly to sever all connections to the IMF. I think he wants to create closer ties between S. American countries so that they have a federation of sorts so they can fight the huge IMF machine/U.S. govt hegemony and keep their countries safe and distribute their wealth more evenly, so the poor are not so poor.

Yeah, I'm with you Dea, I think Hugo is a hero. He may also be our last best hope of any of us ever ending the iron fist of the multinationals.