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Did A 1988 Economist Magazine Predict A Bitcoin Explosion In 2018?

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A 1988 cover story for The Economist shows a picture of a Phoenix, with a coin that resembles the look of today’s most popular crypto currency, Bitcoin.

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What’s even more intriguing about the picture is the fact that the year on the coin reads 2018. It’s also interesting to note that the article is discussing a completely new type of currency, a global currency, one that emerges from the ashes of cash. How ironic is it that?

Bitcoin and cryptocurrency are now at the forefront of many peoples minds, a response to the current financial “ways” of the world. It promises to solve many of the damning challenges of fiat currency and the public enslavement  that comes from the way our money currently works.

Recommended: Check out our CE Podcast episode on Blockchain & Cryptocurrency

Currency has always been, not just in my opinion but based on what we see in society, a means to control the human race. It has also been used as a tool to further widen the wealth gap, putting most of the resources in the hands of the “1 percent.”

Will a new form of currency truly begin to solve those issues? Perhaps. This could be the stepping stone in eventually living in a world without currency at all.

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The 1988 Economist article was likely echoing the financial elite’s desire for a one world government, or a new world order. This wouldn’t be beneficial for humanity as a whole. But Bitcoin represents something different it seems.

“This is a fantastic fundamental hedge and store value against autocratic regimes and banking infrastructure that we know is corrosive to how the world needs to work properly. You cannot have Central Banks infinitely printing currency, you cannot have folks with misguided and misdirected monetary and fiscal policy…It’s a con game.” – Chamath Palihapitiya (source)

And another great quote:

“It is well enough that people of the nation do not understand our banking and monetary system, before if they did, I believe there would be a revolution before tomorrow morning. – Henry Ford

Technology Behind Crypto

Blockchain technology is the genius behind Bitcoin, and its very design is what excites many people. It is likely what has skyrocketed Bitcoin’s popularity. With this technology, all records and transactions are stored publicly so there is a public and transparent ledger for every coin and transaction. And it’s not limited to just currency, it also stores data, information and ownership records. There are also blockchains that focus more on privacy as well, for those concerned with that.

Ultimately, the potential for cryptocurrency to disrupt modern day banking is huge. Christine Lagarde, the head of the IMF, has cautioned that cryptocurrencies can displace central banks, and conventional banking in the long term. While this sounds like an issue, its not. This would be the best thing for our economy and humanity as it will stop a private company, central banks, from controlling the entire money supply.

There has also been no shortage of responses from multiple countries and heads of financial institutions like JP Morgan about cryptocurrencies. JP Morgan CEO Jamie Dimon has referred to bitcoin as a “fraud,” even though he believes in the blockchain.

The debates are endless, with, for the most part, the mainstream encouraging the public to stay away from Bitcoin and cryptocurrencies in general. It’s claimed that they are not real, have no implications, and are not backed by anything.

While this is true to some extent, most people don’t realize that fiat currency, all currencies we use today, are in the same position. They are made up, backed by nothing and are controlled by private companies who control it.

Any currency has to have the support of the people for them to work. If people do not put power into them, they have no value. So whether you look at cryptocurrencies or any other, it comes down to faith from mass adoption.

Most People Don’t Realize How Money Works Today

The fact of the matter remains, a small group of people who sit behind our entire global financial system are threatened by bitcoin. Their control, their power, their corruption, and more, is all threatened by cryptocurrency, and as a result, we’re probably going to continue to hear the slandering of Bitcoin and alt coins, in an attempt to steer the global collective mind away from it. But what’s coming can’t be stopped. We’re experiencing revolutions in all aspects of the human experience, from health, and now, in finance.

It’s long overdue that we change the way we do things here, and cryptocurrency could be part of that solution. It represents something far greater than money, value and wealth, which is why it’s so great.

“Bitcoin is money outside of government, controlled by the people who become their own sovereignty. Bitcoin will do the nation-state what the printing press did to the church…The use-case as stateless money drives adoption because it’s universally appealing and fills a void every human being feels in their soul: to be free.”  – Max Kieser (source)

Blockchain-based cryptocurrencies severely disrupt the modern day banking foundation by decentralizing the operation of the financial system outside of the control of sovereign states and the global elite’s power.

It’s a big topic, and I’m not going to get into whether or not the price will rise or fall as this isn’t really about making money and being rich. As the founder of Ethereum, the second most popular cryptocurrency, was quick to remind people not long ago:

“All crypto communities, ethereum included, should heed these of warning. Need to differentiate between getting hundreds of billions of dollars of digital paper wealth sloshing around and actually achieving something meaningful for society…If all that we accomplish is lambo memes and immature puns about “sharting” then I WILL leave.”  (source)

Cryptocurrencies also have huge political implications. For example, Russia recently announced its intentions to create a cryptocurrency so they can avoid Western sanctions and economic influence.

Putin has long been outspoken about the global financial elite and their ability to force others into their own will, politically and economically. This was his sentiment when speaking about the “imaginary” and “mythical” threats they use to justify their actions.

He began his speech by arguing that the oligarchic ‘1 percent’ that dominate our world “abandoned substantive and equal dialogue with other actors in international life, chose not to improve or create universal institutions, and attempted instead to bring the entire world under the spread of their own organisations, norms and rules. They chose the road of globalisation and security for their own beloved selves, for the select few, and not for all.”

You can read more about that here.

Cryptocurrency also represents the potential for a massive redistribution of wealth, as central banks in developing countries have plans to ‘get in’ in on it.

We wanted to dive deeper into blockchain and cryptocurrency in a podcast episode so we could explore the tough questions behind crypto and where it’s headed. Host Joe Martino sat down with Angelo Dodaro of Adbank to chat about cryptocurrency and blockchain

You can listen to the podcast HERE.

Join the podcast group: www.facebook.com/groups/cepodcast/

Support the podcast and CE here: go.collective-evolution.com/donate/

Is This A Solution? A Step In The Right Direction? Is A Currency Even Needed?

At Collective Evolution, from the very beginning, we’ve always encouraged and created discussions around a society we all know is possible. One where we transcend the limits of the human ego, separation, suffering and a ruling elite -this would include the need for currency.

Is this possible? Well, we’ve been engrained and have experienced the system of trading monies for goods and services for a long time. We created supply, demand, scarcity and currency, and thus we can uncreate it at any time. Sure it will require a shift in consciousness, but it is possible.

The idea that one has to spend most of their lives, working for the entire day, 5 days a week, to simply put food on the table and provide a roof over ones head is not necessary. How does it feel for you to live in a world like that? Regardless of what you feel is possible, is this what you want for the world? This will not mean people will never work, but should it be what we’re enslaved by to survive?

Personally, I envision societies, more consciously advanced than humans, who have transcended the need for money, and have figured out a way to provide for everybody’s needs in a way that free’s them from economic slavery. I believe this is where humanity is heading.

Going into the details is a topic for another article, but the point is, humanity is full of infinite potential, we already have the means and the technology to completely liberate the human experience and change it for the better.

“We should do away with the absolutely specious notion that everybody has to earn a living. It is a fact today that one in ten thousand of us can make a technological breakthrough capable of supporting all the rest. The youth of today are absolutely right in recognizing this nonsense of earning a living. We keep inventing jobs because of this false idea that everybody has to be employed at some kind of drudgery because, according to Malthusian Darwinian theory he must justify his right to exist. So we have inspectors of inspectors and people making instruments for inspectors to inspect inspectors. The true business of people should be to go back to school and think about whatever it was they were thinking about before somebody came along and told them they had to earn a living.” 
― R. Buckminster Fuller

Today, everything seems to be about the money, and making money. That appears to be the primary goal of major corporations and the majority of individuals. That being said, it is something we are forced into, and currently, money is a tool for exchange. But it’s not needed, and places tremendous amounts of limitations on our ability to change the world.

We’re constantly bombarded with what to do, how to live, what to think and what to strive for. Imagine a moneyless society, one that was free from the constraints of having to earn paper and metal to live. Imagine if we were free from our current constraints? What would we do? I believe it would provide humanity with the opportunity to grow, discover, and learn. We’d probably become a space baring race much faster.

It seems with our current human experience, we’ve become stuck in a cycle of repetition while we let our world burn. This is the reality that more and more people on the planet are realizing and as a result, on a collective level we are manifesting change, in several different ways.

Cryptocurrency and blockchain technology may be a start, from a financial perspective, but ultimately, I see humanity moving passed the need for any type of currency at all.

With our potential and level of technological development, anything is possible, all that’s really required is a shift in consciousness. Perhaps a governments or leadership who actually cares about, and has the best interests of the people as priority number 1.

Poverty, war, greed, economic slavery, and corruption are not uncontrollable challenges. It many cases, they are challenges which are created and perpetuated for reasons of greed, power and human ego.

We talk about all of this on our podcast episode about cryptocurrency and blockchain. You can listen to it here.

Help Support Collective Evolution

The demand for Collective Evolution's content is bigger than ever, except ad agencies and social media keep cutting our revenues. This is making it hard for us to continue.

In order to stay truly independent, we need your help. We are not going to put up paywalls on this website, as we want to get our info out far and wide. For as little as $3 a month, you can help keep CE alive!

SUPPORT CE HERE!

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Multiple Investigations Reveal Secrets About Where US Tax Dollars Are Really Going

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In Brief

  • The Facts:

    Multiple investigations and testimony from high ranking sources have discovered that trillions of dollars of our tax dollars are going towards programs that not even the highest ranking people within government know about.

  • Reflect On:

    Why are we made to believe our taxes dollars are going towards necessary services that favour the population? Why do we so easily trust our government and take their word for it when evidence says otherwise.

It’s amazing how much money is scraped off of each paycheque, and how much money multiple small and big businesses pay. We are told that it’s necessary, that this is the money going towards various programs that are responsible for building our schools, employing people for necessary services and infrastructure, among many other things. It’s truly amazing how much money governments rake in from taxes.

It’s an astronomical amount that makes it hard to see how all of the money is allocated to services that are in the people’s favour, instead of the possibility of it going into the pockets of certain politicians and elitists, among other places. Yet we are heavily taxed, and reasons for taxation are constantly brought up and justified, almost as if to imply that there really is no other way of changing things and doing things differently here on planet Earth. Our potential is huge, yet we are convinced that money and taxation are our only ways to operate.

Sure, some of our taxes are going toward various needs and services we deem necessary, but how much off of our paycheques is really required for this? Judging by the amount of money that has been poured into black budget programs, it doesn’t seem like much is needed at all, and this is because trillions upon trillions of our tax dollars are actually going towards projects that the public has absolutely no idea about.

These projects are known as ‘black budget programs,’ which include Special Access Programs (SAPs). Within these we have unacknowledged and waived SAPs. These programs do not exist publicly, but they do indeed exist. They are better known as ‘deep black programs.’ A 1997 US Senate report described them as “so sensitive that they are exempt from standard reporting requirements to the Congress.”

Not many people have investigated the black budget world, but The Washington Post revealed that the “black-budget” documents indicate that a staggering 52.6 billion dollars was set aside for operations in fiscal year 2013.(source) More recent investigations, however, reveal a lot more than that.  The topic was discussed in 2010 by Washington Post journalists Dana Priest and William Arkin. Their investigation lasted approximately two years and concluded that America’s classified world has:

Become so large, so unwieldy and so secretive that no one knows how much money it costs, how many people it employs, how many programs exist within it or exactly how many agencies do the same work. (source)

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Recently, Arkin quite NBC/MSNBC  and went public outing them as completely fake government run agencies. You can read more about that hereHere is another article we published that has links within it to documents showing the close relationship between mainstream media, academia, and the CIA.

The most recent investigation was conducted by economist and Michigan State professor Mark Skidmore, alongside some of his graduate students as well as Catherine Austin Fitts, former assistant secretary of Housing and Urban Development. They discovered trillions of unaccounted for dollars missing from the Department of Housing & Urban Development as well as the Department of Defense. For their research, the team used several government websites and made inquiries to multiple U.S. agencies. Much of the time they received no response and the Office of the Inspector General even disabled links to all key documents that revealed unsupported spending, according to the team.

Given the Army’s $122 billion budget, that meant unsupported adjustments were 54 times spending authorized by Congress. Typically, such adjustments in public budgets are only a small fraction of authorized spending… Skidmore thought Fitts had made a mistake. “Maybe she meant $6.5 billion and not $6.5 trillion,” he said. “So I found the report myself and sure enough it was $6.5 trillion.” – Michigan State News.

They went on to find documents indicating a total of $20 trillion worth of undocumented adjustments made from 1998 t0 2015. Our tax dollars are going directly into these black budget programs, which often cost far more than our roads and services. If this information was made transparent and public for discovery and use, it would leap all of humanity into the stars and into new discovery and exploration. The implications would be huge, and it would force us to ask more questions.

Here’s a great quote from Paul Hellyer.

It is ironic that the U.S. would begin a devastating war, allegedly in search of weapons of mass destruction when the most worrisome developments in this field are occurring in your own backyard.  It is ironic that the U.S. should be fighting monstrously expensive wars  allegedly to bring democracy to those countries, when it itself can no longer claim to be called a democracy when trillions, and I mean thousands of billions of dollars have been spent on projects which both congress and the commander in chief know nothing about. (source)

What’s even more interesting is that Fitts has been quite outspoken about a secret space program and where this missing money is actually going. She explains how enormous amounts of resources were handed over to covert operations to develop a security system of finance. This then created the CIA and a select group of people who were in charge of UFO technology. “By the time JFK came into office ready to challenge this shadow government and make space program the centrepiece of his administration, the civil war between the Deep State and the public state was in full force.” (source)

Interesting to say the least.

Deeper Black Budget Discussion On CETV

CETV is a platform we created in order to combat censorship and demonetization we have been facing over the past few years. On episode 4 of The Collective Evolution Show on CETV, we discussed the Black Budget in much deeper detail. Below is a clip exploring the validity behind missing money from the black budget and special access programs, explaining where the money is going and what exactly it’s being used to do.

You can become a member of CETV, get access to the full show and many others, and support conscious media here.

The Takeaway

The takeaway here is to really question what’s going on with our tax dollars. Whose pockets is the majority of money going into, and for what purpose? What are we really paying for? Secret space programs? Deep underground and under ocean military bases?  Have we just been made to believe that the way we are taxed is absolutely necessary? What is really going on here and how come nobody is questioning it?

Help Support Collective Evolution

The demand for Collective Evolution's content is bigger than ever, except ad agencies and social media keep cutting our revenues. This is making it hard for us to continue.

In order to stay truly independent, we need your help. We are not going to put up paywalls on this website, as we want to get our info out far and wide. For as little as $3 a month, you can help keep CE alive!

SUPPORT CE HERE!

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Investigation Shows The MMR Vaccine Was Approved Based On Small Studies Showing Disturbing Results

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In Brief

  • The Facts:

    A FOIA request by Del Bigtree reveals that the 8 studies supporting the release of the MMR vaccine were only 6 weeks long, used only 800 children, and led to damaging respiratory and gastrointestinal illnesses to many of the children.

  • Reflect On:

    Are we ready to collectively deal with the implications of ongoing revelations of industry malfeasance with regards to vaccines that for some may require a shift in long-held beliefs?

Amidst a rash of efforts to bring forward mandatory vaccination in pockets of the United States is the recent move in New York City to declare a public health emergency Tuesday over a measles outbreak and order mandatory vaccinations in one neighborhood for people who may have been exposed to the virus.

Mayor Bill de Blasio announced the unusual order to address what he said was a measles “crisis” in Brooklyn’s Williamsburg section, where more than 250 people have gotten measles since September. The order applies to anyone living, working or going to school in four zip codes in the neighborhood. The declaration requires all unvaccinated people who may have been exposed to the virus to get the vaccine, including children over 6 months old. People who ignore the order could be fined $1,000.

Challenging Assumptions

This kind of invasive move gives rise to several serious questions, including challenging many of the assumptions that are necessarily made to justify such a move.

Assumption #1: People who may have been infected with the measles should get vaccinated immediately. De Blasio wants people who may have been infected with the measles to get vaccinated. The assumption here is that the vaccine would actually help someone who has the virus by preventing them from getting the measles or preventing them from spreading it to others. But this just doesn’t stand to reason. If someone is already infected, getting a measles vaccine will not prevent the outbreak. That’s not what a vaccine is designed for. And while the person is going through the 2-week period it takes for the vaccine to take hold, it’s quite possible that this will weaken the immune response to the actual measles infection the person has. Quarantining people suspected of being infected would be the sensible response, not vaccinating. If they happen to have the measles, no problem. Once they recover they will then be immune for life.

Assumption #2: The MMR Vaccine Can Create Herd Immunity. There is an article in the Huffington post entitled ‘I’m No Anti-Vaxxer, But the Measles Vaccine Can’t Prevent Outbreaks,’ in which Dr. Gregory Poland, who strongly advocates for vaccines, notes that outbreaks are often initiated and spread by people who have been fully vaccinated against the measles–over 50% in the case of a 2011 outbreak in Quebec. How is this possible? While this Quebec outbreak happened within a community that supposedly had achieved herd-immunity status of over 95% vaccinated, the facts are, as the article notes, that “9 per cent of children having two doses of the vaccine, as public health authorities now recommend, will have lost their immunity after just seven and a half years. As more time passes, more lose their immunity.” Therefore, herd immunity for measles is simply impossible to achieve with this vaccine.

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Assumption #3: The MMR Vaccine, in de Blasio’s words, is ‘safe, effective, and life-saving.’ The claim that the MMR vaccine is ‘life-saving’ does not stand up to simple statistics, as we detail in our article ‘Statistics Show The MMR Vaccine Kills More People Than The Measles Does.’ Whether it is effective, we have already seen that it is incapable of creating herd immunity, wanes over time, does not work at all for some people, and in some of the latest outbreaks the majority of people infected were fully vaccinated. Is it safe? This is the important question we cover in the next section.

The Studies That Stand Behind The Approval Of the MMR Vaccine

The pharmaceutical industry, as well as governmental regulatory bodies like the CDC and the FDA, assure the public that they take the safety of vaccines seriously, and that there is irrefutable science behind the notion that vaccines are safe in terms of the studies that their approval is based on.

However, a Freedom of Information Act request by Del Bigtree has revealed absolutely startling information about the studies that supported the approval of the MMR vaccines that have been injected into our children. To begin with, only 8 studies were conducted and the total combined number of children participating in the studies was only a little over 800! Furthermore, the studies only recorded symptoms for the first 6 weeks after the vaccines were given, unlike many other drug studies that follow symptoms for 5 years or more. And finally, the study revealed serious side-effects in those receiving the vaccine, including a highly significant number of participants who suffered upper respiratory illness and gastrointestinal illness, which has been linked to autism.

In our latest episode of The Collective Evolution Show on CETV, Joe, Arjun and I discussed New York’s mandatory vaccination order as well as Del Bigtree’s analysis of the MMR studies he received and the reason that Big Pharma not only does not want to do proper, large-scale studies on the safety of vaccines, but they also want to try to prevent other researchers like Dr. Christopher Exley from doing so as well.

You can watch the full episode of The Collective Evolution Show where we talk about this subject in more detail here.

You can go here to see the full episode of ‘The Highwire’ where Del Bigtree breaks down the MMR studies in question.

The Takeaway

The veils of illusion that have been masking the truth are lifting as our consciousness awakens. Transparency is coming, though how long it takes will depend on our continued efforts to dig for and spread the truth far and wide.

Help Support Collective Evolution

The demand for Collective Evolution's content is bigger than ever, except ad agencies and social media keep cutting our revenues. This is making it hard for us to continue.

In order to stay truly independent, we need your help. We are not going to put up paywalls on this website, as we want to get our info out far and wide. For as little as $3 a month, you can help keep CE alive!

SUPPORT CE HERE!

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Leaked Wikileaks Doc Reveals US Military Use of IMF, World Bank As “Unconventional” Weapons

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Buenos Aires, Argentina, May 14, 2018. Natacha Pisarenko | AP

In Brief

  • The Facts:

    In light of recent events in Venezuela Wikileaks published a revealing document that highlights the fact that financial institutions are not independent, that they are owned by, and in turn own/work together with the US government to fulfill agendas.

  • Reflect On:

    The secrecy in our world runs rampant, under the guise of 'national security' when it's really because secrets need to be kept to avoid the population waking up to the tremendous amount of unethical corruption that plagues our geopolitical world.

As most of you reading this will know, Julian Assange was recently dragged out of the Ecuadorian Embassy. Assange has long been subjected to ridicule and character assassination by the Deep State owned mainstream media, and for one reason, it’s the same reason they’ve been wanting to snatch him up for so long.

It’s because for years he has been sharing information that the global elite around the world did not want him to share. He’s been publishing information that threatens various elitist, corporate, and political interests around the globe as well as information showing just how much the public is deceived to, lied to, and manipulated in several different ways in order to justify actions that do not resonate with the majority of people on planet Earth.

Various media outlets have been silenced, censored, and have and their revenue streams taken away, including us. This is why we created CETV, a platform to combat the censorship we are currently experiencing.

In Episode 5 of The Collective Evolution Show, we go deep into Assange’s arrest. The purpose was to explore the deeper details behind why Assange is a threat to power structures as opposed to being a COINTEL or psy-op as some are suggesting. We understand this position, and duke it out on our episode of The CE Show, but there are areas we must discuss with this.

I also recently published an article about his arrest, and the truth behind his arrest: What Julian Assange’s Arrest Tells Us About Our World.  We’ve published many Wikileak leaks as well, the latest one being a document exposing a “Secret Us Base on the Moon.”

I recently came across an article published on MintPress NewsIt was written by Whitney Webb is, who is a staff writer for MintPress News and has contributed to several other independent, alternative outlets. Her work has appeared on sites such as Global Research, the Ron Paul Institute and 21st Century Wire among others. She also makes guest appearances to discuss politics on radio and television. She currently lives with her family in southern Chile.

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In her article, she references a leaked military manual on “unconventional warfare” that was recently highlighted by WikiLeaks. The U.S. Army states that major global financial institutions — such as the World Bank, International Monetary Fund (IMF), and the Organization for Economic Cooperation and Development (OECD) — are used as unconventional, financial “weapons in times of conflict up to and including large-scale general war,” as well as in leveraging “the policies and cooperation of state governments.”

She put it so well below that we have posted it below:

The document, officially titled “Field Manual (FM) 3-05.130, Army Special Operations Forces Unconventional Warfare” and originally written in September 2008, was recently highlighted by WikiLeaks on Twitter in light of recent events in Venezuela as well as the years-long, U.S.-led economic siege of that country through sanctions and other means of economic warfare. Though the document has generated new interest in recent days, it had originally been released by WikiLeaks in December 2008 and has been described as the military’s “regime change handbook.”

WikiLeaks’ recent tweets on the subject drew attention to a single section of the 248-page-long document, titled “Financial Instrument of U.S. National Power and Unconventional Warfare.” This section in particular notes that the U.S. government applies “unilateral and indirect financial power through persuasive influence to international and domestic financial institutions regarding availability and terms of loans, grants, or other financial assistance to foreign state and nonstate actors,” and specifically names the World Bank, IMF and The Organisation for Economic Co-operation and Development (OECD), as well as the Bank for International Settlements (BIS), as “U.S. diplomatic-financial venues to accomplish” such goals.

The manual also touts the “state manipulation of tax and interest rates” along with other “legal and bureaucratic measures” to “open, modify or close financial flows” and further states that the U.S. Treasury’s Office of Foreign Assets Control (OFAC) – which oversees U.S. sanctions on other nations, like Venezuela — “has a long history of conducting economic warfare valuable to any ARSOF [Army Special Operations Forces] UW [Unconventional Warfare] campaign.”

This section of the manual goes on to note that these financial weapons can be used by the U.S. military to create “financial incentives or disincentives to persuade adversaries, allies and surrogates to modify their behavior at the theater strategic, operational, and tactical levels” and that such unconventional warfare campaigns are highly coordinated with the State Department and the Intelligence Community in determining “which elements of the human terrain in UWOA [Unconventional Warfare Operations Area] are most susceptible to financial engagement.”

The role of these “independent” international financial institutions as extensions of U.S. imperial power is elaborated elsewhere in the manual and several of these institutions are described in detail in an appendix to the manual titled “The Financial Instrument of National Power.” Notably, the World Bank and the IMF are listed as both Financial Instruments and Diplomatic Instruments of U.S. National Power as well as integral parts of what the manual calls the “current global governance system.”

Furthermore, the manual states that the U.S. military “understand[s] that properly integrated manipulation of economic power can and should be a component of UW,” meaning that these weapons are a regular feature of unconventional warfare campaigns waged by the United States.

Another point of interest is that these financial weapons are largely governed by the National Security Council (NSC), which is currently headed by John Bolton. The document notes that the NSC “has primary responsibility for the integration of the economic and military instruments of national power abroad.”

“Independent” but controlled

Though the unconventional warfare manual is notable for stating so openly that “independent” financial institutions like the World Bank and the IMF are essentially extensions of U.S. government power, analysts have noted for decades that these institutions have consistently pushed U.S. geopolitical goals abroad.

Indeed, the myth of World Bank and IMF “independence” is quickly eroded by merely looking at the structure and funding of each institution. In the case of the World Bank, the institution is located in Washington and the organization’s president has always been a U.S. citizen chosen directly by the president of the United States. In the World Bank’s entire history, the institution’s Board of Governors has never rejected Washington’s pick.

This past Monday, it was reported that President Donald Trump nominated former Bear Stearns economist David Malpass to lead the World Bank. Malpass had famously failed to foresee the destruction of his former employer during the 2008 financial crisis and is likely to limit World Bank loans to China and to countries allied or allying with China, given his well-established reputation as a China hawk.

In addition to choosing its president, the U.S. is also the bank’s largest shareholder, making it the only member nation to have veto rights. Indeed, as the leaked unconventional warfare manual notes, “As major decisions require an 85% supermajority, the United States can block any major changes” to World Bank policy or the services it offers. Furthermore, the U.S. Treasury Secretary, former Goldman Sachs banker and “foreclosure king,” Steve Mnuchin, functions as the World Bank’s governor.

Though the IMF is different from the World Bank in several respects, such as its stated mission and focus, it too is largely dominated by U.S. government influence and funding. For instance, the IMF is also based in Washington and the U.S. is the company’s largest shareholder — the largest by far, owning 17.46 percent of the institution – and also pays the largest quota for the institution’s maintenance, paying $164 billion in IMF financial commitments annually. Though the U.S. does not choose the IMF’s top executive, it uses its privileged position as the institution’s largest funder to control IMF policy by threatening to withhold its IMF funding if the institution does not abide by Washington’s demands.

Protestors hold an effigy of Captain America with a photo of IMF Director Christine Lagarde during meetings by the IMF and World Bank in Lima, Peru, Oct. 9, 2015. Geraldo Caso Bizama | AP

As a consequence of the lopsided influence of the U.S. on these institutions’ behavior, these organizations have used their loans and grants to “trap” nations in debt and have imposed “structural adjustment” programs on these debt-saddled governments that result in the mass privatization of state assets, deregulation, and austerity that routinely benefit foreign corporations over local economies. Frequently, these very institutions – by pressuring countries to deregulate their financial sector and through corrupt dealings with state actors – bring about the very economic problems that they then swoop in to “fix.”

Guaidó hits up IMF

Given the close relationship between the U.S. government and these international financial institutions, it should come as little surprise that – in Venezuela – the U.S.-backed “interim president” Juan Guaidó – has already requested IMF funds, and thus IMF-controlled debt, to fund his parallel government.

This is highly significant because it shows that top among Guaidó’s objectives, in addition to privatizing Venezuela’s massive oil reserves, is to again shackle the country to the U.S.-controlled debt machine.

As the Grayzone Project recently noted:

Venezuela’s previous elected socialist president, Hugo Chávez, broke ties with the IMF and World Bank, which he noted were “dominated by US imperialism.” Instead Venezuela and other left-wing governments in Latin America worked together to co-found the Bank of the South, as a counterbalance to the IMF and World Bank.

However, Venezuela is far from the only country in Latin America being targeted by these financial weapons masquerading as “independent” financial institutions. For instance, Ecuador – whose current president has sought to bring the country back into Washington’s good graces – has gone so far as to conduct an “audit” of its asylum of journalist and WikiLeaks publisher Julian Assange in order to win a $10 billion bailout from the IMF. Ecuador granted Assange asylum in 2012 and the U.S. has fervently sought his extradition for still sealed charges ever since.

In addition, last July, the U.S. threatened Ecuador with “punishing trade measures” if it introduced a measure at the UN to support breastfeeding over infant formula, in a move that stunned the international community but laid bare the willingness of the U.S. government to use “economic weapons” against Latin American nations.

Beyond Ecuador, other recent targets of massive IMF and World Bank “warfare” include Argentina, which awarded the largest IMF bailout loan in history just last year. That loan package was, unsurprisingly, heavily pushed by the U.S., according to a statement from Treasury Secretary Mnuchin released last year. Notably, the IMF was instrumental in causing the complete collapse of the Argentinian economy in 2001, sending a poor omen for last year’s approval of the record loan package.

Though it was released over a decade ago, this “U.S. coup manual” recently highlighted by WikiLeaks serves as a salient reminder that the so-called “independence” of these financial institutions is an illusion and that they are among the many “financial weapons” regularly used by the U.S. government to bend countries to its will and even overthrow U.S.-disfavored governments.

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