In midst of global warming’s frightening and growing droughts, increasing shortages of water resources in Latin America are being exacerbated by World Bank (WB) million-dollar loans to unstable governments desperate to rise out of poverty by attracting global industries to exploit their irreplaceable natural resources. And most use millions of gallons of water to do it whether it’s fossil-fuel fracking requiring 2,500,000 gallons per well or gold/silver corporations dumping cyanide and other death-dealing chemicals into waterways which millions depend on for drinking, household use, irrigation, or fishing.
“The dollar is our currency, but it’s your problem.” This is what US Treasury Secretary John Connally said to his counterparts in the Rome G-10 meeting in November, 1971, shortly after the Nixon administration ended the dollar’s convertibility into gold and shifted the international monetary system into a global floating exchange rate regime. The world has been suffering from this “problem” ever since the US obtained the “exorbitant privilege” of issuing the world’s reserve and trade currency under the Bretton Woods system after WWII.
The news about the Cyprus banks has been on the radar screen recently. Somehow, the most frequently asked question is what will Russian oligarchs do about it, because it’s them who have created an offshore world of their own there. Will they seek new offshore havens? Get the money back to Russia? Stay in Cyprus and adapt to the new realities of life on the island? In fact, the oligarchs and their money are an issue of minor importance. It all brings more serious things in focus, like, for instance, the future of world banking system that had became sick a long time ago. The Cyprus events produce evidence the system is at death’s door…
Just as the Balkans have served as Europe’s «soft underbelly» for the largest mass migration of refugees since World War II, the Caribbean, coupled with Central America, is proving to be America’s own «Balkans» when it comes to Syrian and other migrants flowing into the United States. In the cases of both Europe and America, the flows of migrants, including non-vetted military draft-age men from Syria, Iraq, and other Muslim countries, is being facilitated by the huge network of non-governmental and quasi-governmental organizations influenced by and linked to the international hedge fund tycoon and all-around global troublemaker George Soros...
Investigative journalist, author and syndicated columnist. Has some twenty years experience in security issues. As a U.S. Naval Officer, he managed one of the first computer security programs for the U.S. Navy. He has been a frequent political and national security commentator on Fox News and has also appeared on ABC, NBC, CBS, PBS, CNN, BBC, Al Jazeera, and MS-NBC. He has been invited to testify as a witness before the US House of Representatives, the UN Criminal Tribunal for Rwanda, and an terrorism investigation panel of the French government. A member of the Society of Professional Journalists (SPJ) and the National Press Club. Lives in Washington, D.C.