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Globalization

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MANILA, Philippines – As the first female chief of the International Monetary Fund (IMF) visited the country for the first time and met with Pres. Benigno S. Aquino III Friday morning, debt watchdog Freedom from Debt Coalition staged a protest near the Malacañan Palace, in solidarity with the peoples of the Eurozone.

“For FDC, the IMF is dead, a walking dead,” said the group’s president, Ricardo Reyes. “The sooner we bury this economic zombie, the better for the economies and the peoples of the world.”

IMF Managing Director Christine Lagarde arrived Thursday afternoon and met with the President Friday, ostensibly to solicit insights on how to solve the Eurozone economic crisis and also to advise the Philippine government to rationalize tax incentives granted to business. She is in the country as part of a visit to Southeast Asia. She is also scheduled to attend a meeting of ASEAN nations in Cambodia early next week.

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on oil, gas, and energy, advisor to 16 governments (verifiable), is namesake of law that says oil and gas double every 5 years. Up 15% each year--you can (will) see it yourself.

A New "Moors' Law" -- For Oil, Not Chips
Moore's Law for transistor count has ended, but now there's Moors' Law for oil and it says gasoline -- US national average -- will be $7 in 2017 as oil reaches $240 a barrel. The law is named for Kent Moors, a professor Duquesne U. Specifically, the price of oil and the number of cars in China, which drives it, double every 5 years. These murderous prices change everything in society.
 
Moors' LAW FOR OIL PRICES: (Kent Moors):
 

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The Trans-Pacific Partnership’s extraordinarily one-sided rules, which go beyond NAFTA in several ways, are intended to be a new floor in the ongoing effort to lock in the domination of industrialists and financiers through the multi-national corporations that they control. The negotiations among 11 countries are secret. That we know anything at all about it is due to leaks.

Imagine a world in which which labor safeguards, safety rules and environmental regulations will be struck down because a multi-national corporation’s profits might be affected. A world in which measures to reign in financial speculation are illegal. A world in which the task of governments, codified in law, is to maximize corporate profits.

Imagine a world in which corporations can bypass national laws and courts when they are in a dispute with a government, and instead can have their dispute adjudicated by a closed tribunal controlled by their lawyers.

Unfortunately, the above is not dystopian science fiction; it is the reality of the top-secret Trans-Pacific Partnership. If you like NAFTA, you will love the TPP.

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So much good happens by way of our tax dollars. We pay for emergency services that can keep us and our love ones safe, secure and healthy. We pay for our military which is there to protect the nation and guard against attack, invasion and military aggression against our nation and they also help out in emergency situations. We have social safety nets set up that ensure people still have the ability to get on their feet when and if they fall.

 

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Financiers can’t tolerate losses flowing from their own greed and reckless gambling. Their solution is to have the state guarantee their stratospheric profits, bonuses and salaries. Governments can only do so through extracting money from their citizenry and facilitating the upward flow of wealth within corporate structures.

Austerity is just another word for punishment. The corporate mass media serves us a daily diet of central bankers, government ministers, financiers and industrialists lecturing us that we must swallow bitter medicine as repentance for living beyond our means.

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MANILA, Philippines - Various cause-oriented groups warned the Philippine delegation and world leaders attending the three-day United Nations Conference on Sustainable Development (UNCSD) in Rio de Janeiro, Brazil not to fall into the trap of believing that the proposed "Green Economy" is "a tool and mechanism for sustainable development."

Around 150 activists belonging to Freedom from Debt Coalition (FDC), Philippine Movement for Climate Justice (PMCJ), FDC Women’s Committee, and Task Force Food Sovereignty (TFFS) trooped to the main office of National Economic and Development Authority (NEDA) and at the Philippine office of the United Nations as part of the Global Action Day for social and environmental justice, against the commodification of life and nature, and in defense of the commons.

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The logic of the multi-national euro currency is tighter economic integration and loss of popular sovereignty. Unless the eurozone breaks up and its users return to their own national currencies, pressure will be built by the “markets” for further centralization and harmonization of rules. In plain English, tightened control by big capitalists.

The eurozone, functionally, is much the same as the North American Free Trade Agreement across the Atlantic. NAFTA makes corporate profiteering paramount by eroding the ability of the governments within it to enforce regulations; places decision-making in the hands of unaccountable and undemocratic arbitration boards convened by either the commercial arm of the United Nations or the World Bank; and elevates the interests of large corporations and financiers above all other human considerations.

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Should Greece remain within the eurozone or should it return to the drachma?

There is no Greek solution to the crisis of Greece, only a European or international solution.

The internal logic of neoliberal austerity – or, more to the point, the systemic development of capitalism and the concomitant social forces arrayed by the amassers of capital who insist that "markets" should decide ever more social and political outcomes — has reached its most advanced stage in Greece.  

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Bob Brown delivers the 3rd annual Green Oration

Fellow Earthians,

Never before has the Universe unfolded such a flower as our collective human intelligence, so far as we know.

Nor has such a one-and-only brilliance in the Universe stood at the brink of extinction, so far as we know.

We people of the Earth exist because our potential was there in the Big Bang, 13.7 billion years ago, as the Universe exploded into being.

So far, it seems like we are the lone thinkers in this vast, expanding Universe.

However, recent astronomy tells us that there are trillions of other planets circling Sunlike stars in the immensity of the Universe, millions of them friendly to life. So why has no one from elsewhere in the Cosmos contacted us?

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Keynesian would be much better than austerity, but would do nothing to solve the underlying structural crisis of capitalism.

Human beings tend to divide on political questions into various camps; there is no surprise when so many theories contend in the debates over the causes of economic collapse and what should be done. Finance is a poorly understood subject shrouded in mystery, compounding the tendency toward multiple theories.

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