venerdì 15 gennaio 2010
For Immediate Release
The Real-World Economics Review Blog is holding polls to determine the awarding of two prizes:
The Ignoble Prize for Economics , to be awarded to the three economists who contributed most to enabling the Global Financial Collapse (GFC), and
The Noble Prize for Economics , to be awarded to the three economists who first and most cogently warned of the coming calamity.
It is accepted fact that the economics profession through its teachings, pronouncements and policy recommendations facilitated the GFC. We also know that danger signs became visible long before the event and that some economists (those with their eyes on the real-world) gave public warnings which if acted upon would have averted the human disaster.
With other learned professions entrusted with public confidence, such as medicine and engineering, it is inconceivable that their professional bodies would not at the very least censure members who had successfully persuaded governments and public opinion to ignore elementary safety measures, so causing epidemics and widespread building collapses.
To date, however, the world’s major economics associations have declined to censure the major facilitators of the GFC or even to publicly identify them. This silence, this indifference to causing human suffering, constitutes grave moral failure. It also gives license to economists to continue to indulge in axiom-happy behaviour. Nor has the economics establishment offered recognition to those economists who were not taken in by fads and fashion and whose competence, if listened to, would have prevented the collapse.
These two silences reveal a continuing moral crisis within the economics profession . The Ignoble and Noble Prizes for Economics are being offered as small first steps towards a cure.
Poll Procedures for the Ignoble Prize for Economics
Stage One: Nominations and Evidence
Nominations for both prizes are open to the international community of economists, rather than limited to a closed and secret shop. For each nominated economist an evidence page will be opened on http://rwer.wordpress.com/ to which people can leave evidential comments. In this way a documented case for (and against) each candidate will be built up.
There are two ways, one direct and the other indirect, by which you can nominate and post evidence.
You can nominate economist X or economists X and Y, or X, Y and Z (maximum of three) by leaving a comment on the Nominations for the Ignoble Prize for Economics page for which there is a link near the top of the blog’s home page’s right hand column. Your comment needs only to say “I nominate X . . . for the Ignoble Prize for Economics.”
You can post evidence regarding a nominated economist by leaving a comment on their evidence page, which in most cases will be opened within 24 hours of their nomination. These pages are sub-pages of the “Nominees and Submission of Evidence” page and will be link-listed in a box near the top of the home page’s right hand column.
Because of the current nature of the economics profession, some economists will fear that going public with their professional views on these matters could jeopardize their careers or those of people associated with them. Therefore nominations and evidence can be put forward anonymously by emailing them to email@example.com , preferably with the subject heading “Nominations and Evidence”. The editor will then post the material on the relevant pages. Strict confidentiality will be maintained.
Stage Two: Short List
After an appropriate interval, most likely one month, nominations and the submission of evidence will be closed. Through consultation, authors of the Real-World Economics Review Blog will compile a short list of the strongest nominees, probably 10 or 12. At this time a final dossier, based on the evidential comments posted on the blog, will be compiled and posted for each short-listed candidate. Voting will then open.
Stage Three: Voting
Stage Four: Results Within 24 hours of the closing of the poll, the results will be announced. The three economists receiving the highest number of votes will be declared the joint winners of the prize.
Only economists may be nominated, and they must have been active during part of the last quarter century. Joke nominations (e.g., Baker, Keen or Roubini for the Ignoble Prize) or ones suspected of being motivated by malice or for which no supporting evidence is forthcoming will not be accepted or allowed to stand. Likewise evidence submitted must be substantive, accurate and presented in good taste.
Poll Procedures for the Noble Prize for Economics
These will be approximately the same as for the Ignoble Prize, but may be adjusted in view of lessons learnt. It is expected that nominations and submission of evidence for this prize will commence when voting for the Ignoble Prize begins.
Nominations and submissions of evidence for the Ignoble Prize for Economics are now open at http://rwer.wordpress.com/
giovedì 14 gennaio 2010
Ricordiamo Arrigo Molinari e... «La mia ultima battaglia contro l’Euro»
By Edoardo Capuano - ECPLANET, 14 gennaio 2010
Arrigo Molinari, aveva citato Bankitalia e BCE: ucciso a coltellate - 27 settembre 2005
L'ex questore di Genova, Arrigo Molinari cita in giudizio Bankitalia per la truffa del Signoraggio! Aveva l'udienza il 5 ottobre 2005, ma viene ucciso a coltellate il 27 settembre!!!
La settimana scorsa «il Giornale» aveva intervistato Arrigo Molinari, in occasione dell’udienza presso il tribunale civile su due ricorsi da lui presentati contro Banca d’Italia e Banca centrale europea. Ecco la testimonianza che stava per essere pubblicata.
Dica la verità, avvocato Molinari: anche lei ce l’ha con Fazio. Infierisce.
«Neanche per sogno. Io ce l’ho con la Banca d’Italia e con i suoi soci voraci banchieri privati».
Cos’hanno fatto di così terribile?
«Hanno divorato l’istituto centrale di Palazzo Koch, rendendolo non più arbitro e non più ente di diritto pubblico. Con un’anomalia tutta italiana».
Ai danni dei risparmiatori.
«...che adesso devono sapere esattamente come stanno le cose».
Ci aiuti a capire.
«Sta tutto scritto nei miei due ricorsi, riuniti ex articolo 700 del codice di procedura civile, contro la Banca d’Italia e la Banca centrale europea per la cosiddetta truffa del “Signoraggio“, consentita alle stesse fin dal 1992».
Ricordiamo chi era, allora, il ministro del Tesoro.
«Era un ministro sottile che ha permesso agli istituti di credito privati di impadronirsi del loro arbitro Bankitalia, e quindi di battere moneta e di prestarla allo Stato stesso con tasso di sconto a favore delle banche private».
Il “Signoraggio“ è questo?
«Il reddito da “Signoraggio“ a soggetti privati si fonda su una norma statutaria privata di una società di capitali, e quindi su un atto inidoneo e inefficace per la generalità, per cui i magistrati aditi dei tribunali di Genova, Savona e Imperia non troveranno alcun ostacolo derivante da un atto di legge. L’inesistenza di una disciplina normativa consente di accogliere i tre ricorsi senza problema di gerarchia di fonti».
Le conseguenze del “Signoraggio“?
«Rovinose per i cittadini, che si sono sempre fidati delle banche e di chi le doveva controllare».
Tutta colpa delle banche?
«Sarò più chiaro, la materia è complessa. Dunque: le banche centrali e quindi la Banca d’Italia, venuta meno la convertibilità in oro e la riserva aurea, non sono più proprietarie della moneta che emettono e su cui illecitamente e senza una normativa che glielo consente percepiscono interessi grazie al tasso di sconto, prestandolo al Tesoro».
Non si comportano bene...
«Per niente! Ora i cittadini risparmiatori sono costretti a far ricorso al tribunale per farsi restituire urgentemente il reddito da “Signoraggio“ alla collettività, a seguito dell’esproprio da parte delle banche private italiane che, con un colpo di mano, grazie a un sottile ministro che ha molte e gravi responsabilità, si sono impadronite della Banca d’Italia battendo poi moneta e togliendo la sovranità monetaria allo Stato che, inerte, dal 1992 a oggi ha consentito questa assurdità».
Un bel problema, non c’è che dire.
«Infatti. Ma voglio essere ancora più chiaro. L’emissione della moneta, attraverso il prestito, poteva ritenersi legittima quando la moneta era concepita come titolo di credito rappresentativo della Riserva e per ciò stesso convertibile in oro, a richiesta del portatore della banconota».
«Poi, cioè una volta abolita la convertibilità e la stessa Riserva anche nelle transazioni delle Banche centrali avvenuta con la fine degli accordi di Bretton Woods del 15 agosto 1971, la Banca di emissione cessa di essere proprietaria della moneta in quanto titolare della Riserva aurea».
Lei sostiene che Bankitalia si prende diritti che non può avere.
«Appunto. Prima Bankitalia, nella sua qualità di società commerciale, fino all’introduzione dell’euro in via esclusiva e successivamente a tale evento, quale promanazione nazionale della Banca centrale europea, si arroga arbitrariamente e illegalmente il diritto di percepire il reddito monetario derivante dalla differenza tra il valore nominale della moneta in circolazione, detratti i costi di produzione, in luogo dello Stato e dei cittadini italiani».
Un assurdo tutto italiano, secondo lei.
«Certamente. Sembra un assurdo, ma purtroppo è una realtà. L’euro, però, è dei cittadini italiani ed europei, e non, come sta avvenendo in Italia, della banca centrale e dei suoi soci banchieri privati».
Quasi tutto chiaro. Ma che si fa adesso?
«Farà tutto il tribunale. Dovrà chiarire se esiste una norma nazionale e/o comunitaria che consente alla Banca centrale europea, di cui le singole banche nazionali dei Paesi membri sono divenute articolazioni, di emettere denaro prestandolo e/o addebitandolo alla collettività. L’emissione va distinta dal prestito di denaro: la prima ha finalità di conio, il secondo presuppone la qualità di proprietario del bene, oggetto del prestito».
Lei, professore, ha fiducia?
«Certo. La magistratura dovrà dire basta!».
Fonte: ilgiornale.it (pubblicato il 28/09/2005)
29/09/2005 - 19:52
OMICIDIO EX QUESTORE GENOVA: ESEGUITA L'AUTOPSIA, UCCISO DA 22 FENDENTI
(AGE) SAVONA - Sono complessivamente 22 le coltellate inferte ad Arrigo Molinari,l'ex questore di 73 anni, ucciso nel suo appartamento dell'ex residence Ariston di Andora da Luigi Verri, un ladro sorpreso con le mani nel sacco. È quanto emerge dalla perizia tecnica disposta dal Procuratore della Repubblica Vincenzo Scolastico ed eseguita da Andrea Rebizzo, dell'istituto di medicina legale di Genova. Tre i colpi mortali che hanno raggiunto l'ex questore al cuore, ai polmoni e tra la base del naso e la gola. Altri fendenti lo hanno raggiunto ad una spalla, all'addome e in altre parti del corpo. (AGE) ANDREA NUNZIATA
Savona, 27 settembre 2005 - 18:28
EX QUESTORE DI GENOVA UCCISO: UOMO INTERROGATO IN CASERMA
kataweb.it/news/index.jsp?s=cronaca&l=dettaglio&id=1121372 (articolo rimosso)
Un uomo quarantacinquenne di nazionalità italiana di professione aiuto cuoco è sotto interrogatorio da un paio d'ore nella caserma dei Carabinieri di Alassio. L'uomo questa mattina si è recato nello studio del suo legale l'Avv. Fabrizio Vincenzi dicendo che nella notte si era introdotto nella casa di Arrigo Molinari per tentare un furto, ma aveva trovato l'ex Questore di Genova riverso sul letto in una pozza di sangue già privo di vita. Inoltre, nel tentativo di introdursi nell'appartamento l'uomo ha detto di essersi ferito ad una mano. L'aiuto cuoco ha chiesto, quindi, consiglio all'avvocato Vincenzi che lo ha subito accompagnato dai Carabinieri per denunciare il fatto. All'interrogatorio partecipano anche il Procuratore Capo Vincenzo Scolastico ed il Sostituto Chiara Maria Paolucci. (AGI)
Redazione ECplanet: elogi alla figura del povero Arrigo Molinari. Che Dio lo benedica per l'eternita!!!
by Shaykh Dr. Abdalqadir as-Sufi
Say: ‘Call on Allah or call on the All-Merciful,
whichever you call upon,
the Most Beautiful Names are His.’
The dogs are barking in Malaysia.
Firstly, the Kafirun. The spokesman for the Roman Catholics in Malaysia was, as to be expected, both rather stupid and rather cunning. Let us remind this hypocrite, ignorant as he is of his own religion: the language of the Catholic Church was from its inception under the Roman Empire, Latin. The mass is still celebrated by the little ex-Nazi Pope in Rome using Latin. However under the practice of the reformers Latin is now denied to the main body of world Catholics. So they, poor creatures, have lost their sacred language. Desperate, and speechless, they have turned to us. However, the Name, the Supreme Name is not just another name or even a noun. It is the indicator of the Compassionate, the All-Merciful as revealed in His Pure Book, the Qur’an.
When France effectively ruled Lebanon after World War One, the French Jesuits took on the task of eliminating Islam and indoctrinating the ‘natives’ to Catholicism.
They instructed their missionary organisation of the Vatican to publish, nota bene, Catholic literature IN ARABIC to replace the noun ‘god’ with the Name of Allah. This was the foundation of Lebanese missionary activity in Lebanon which called many ignorant and innocent Lebanese onto a path which today has led to quotidian bloodshed. In Arabic there is a word, a noun, for god. They deliberately did not use it. The price for their hypocrisy has been high and is still being paid in civil war and duplicitous treaties that fail and fail.
The Catholics of Malaysia may call on Allah. If they have any education they will want to read His Book.
The Supreme Name does not belong to them or us.
It remains our duty as Muslims to warn Catholic mothers on no account to send their boys to any Catholic school unless they want them to be sodomised and tortured like the Catholic children of Ireland, nor to enter the priesthood and set them on the same unnatural path.
Secondly, the Mushrikun.
Unfortunately, the Political Class are guilty of open Shirk – associating themselves with the power of Allah the Exalted. The Supreme Name does not belong to them or us.
The current Political Class, world-wide, are disgraced and despised, having revealed themselves as the servants of the ruling financial system.
Malaysia is on the edge of a historical crisis. At present it is frozen in the rule of a Political Class that fronts a financial elite of only a few hundred.
Describing this fundamental political stasis as it appeared before Julius Caesar smashed it in the ancient Roman democracy, Prof. Christian Meier of Munich University wrote:
“As no-one was allowed to gain even a toe-hold from which he could reach a position of power and raise himself above the basic oligarchic equality, almost all stirrings of individuality, imagination and independence, almost all attempts to react to novel situations by novel means, were viewed with suspicion and distrust; mediocrity, rigidity and narrowness were at a premium.”
This perfectly describes the condition of Malaysia under its small group of over-rich oligarchs. Under their selfish family enclosures only the obligatory ‘philanthropic’ projects are allowed to hide from the masses the retained billions.
The Political Class to assure the stasis of the oligarchs are obliged to launch non-menacing issues to permit the illusion of dialogue and critique. The Catholic use of the Name is simply a pre-electoral controversy to recapture the Muslims’ vote.
There are only two possible roads Malaysians can take.
One. Continue in the illusion that the oligarchic rulers and their puppet parliament can go on indefinitely.
This, unfortunately for the masses, will force Malaysia, a minor player, into the at-present unstoppable working-out of usury world capitalism. This will inevitably result in the smashing of the Malaysian-born oligarchs and their position of power and the political Constitution which covered for them. The wealth and oligarchic power will restructure under the emerging Chinese hegemony. That is, as a Chinese colony.
Two. The emergence of Dr. Meier’s ‘novel situation by novel means’ – in other words a new Nomos, a new evaluation of values. This lies embedded in Malaysia’s great Islamic intellectual tradition. Initiated by Dr. Mahathir Muhammad and in historical discourse with Hajj ‘Umar Vadillo – they recognised that the usury system was based on that fundamental increase in an exchange coupled with the elimination of value-based instruments of exchange and its replacement with abstract numbers currency. This was the core of the crisis.
True to the great Maliki-Shafi’ite tradition of Malaysia, the State of Kelantan, its Islamic Party and Hajj ‘Umar Vadillo’s powerful programming will bring the return of the gold Islamic Dinar and Silver Dirham, and it may, in harmony with parallel activity in Indonesia, open a new age for Islam and mankind.
mercoledì 13 gennaio 2010
January 13, 2010
The Securities and Exchange Commission filed a new lawsuit Tuesday against Bank of America Corp., claiming the bank failed to disclose billions of dollars in rising losses at Merrill Lynch & Co. Inc. before shareholders voted on a merger in December of 2008.
The new suit will be heard by U.S. District Court Judge Jed Rakoff in Manhattan, who is also handling an earlier SEC suit accusing the bank of misleading shareholders about billions of dollars in Merrill bonuses.
Also See: SEC's New Suit (pdf)
On Monday, Rakoff denied a motion by the Securities and Exchange Commission to add a new charge to its earlier complaint against Bank of America. But Rakoff told the SEC it could bring the charge as a separate case, if it wants.
Rakoff said he wanted to move ahead with the March 1 trial date on the earlier complaint, and there was a danger of confusing the jury by introducing a different charge involving a different set of facts. Rakoff said, in fairness to the bank, it would need more time to pursue its defense and expert testimony against the new allegation.
The new charge accuses the bank of failing to disclose the "extraordinary losses" at Merrill Lynch, before the shareholders voted on Dec. 5, 2008, to approve the merger between the two financial giants.
The SEC wrote a Dec. 31 letter (pdf) to Rakoff asking to add the charge to its earlier complaint, which alleged that the bank failed to disclose Merrill's $5.8 billion bonus pool to the shareholders. The Dec. 31 letter, along with the bank's response (pdf), were made public Monday.
In the letter, the SEC alleges that by the time of the shareholder vote, the bank knew of $4.5 billion in net losses at Merrill in October of 2009, and estimated an additional multibillion-dollar loss for November. "These losses alone constituted more than one-third of the merger value as of December 5, and approximately 60 percent of Merrill's entire losses in the preceding three quarters of the year," the letter stated. Merrill would eventually lose $15.3 billion in the fourth quarter alone.
Responding for the bank, attorney Daniel Kramer said that the new claim has no legal basis, that the SEC didn't act diligently in waiting so close to the March 1 trial date to file the new charge, and that the bank would be prejudiced because the discovery and other pre-trial processes are closed. Kramer is a partner at Paul, Weiss, Rifkind, Wharton & Garrison in New York.
The SEC has issued a press release (pdf) about seeking the new charge. The release also states:
"The SEC's proposed complaint does not seek charges against any individual officers, directors or attorneys. SEC staff has advised the Commission that, after a careful assessment of the evidence and all of the relevant circumstances, it has determined that charges against individuals for their roles in connection with proxy disclosure are not appropriate."
"Bank of America executives at various times discussed the firm's disclosure obligations with internal and external counsel," the release said. "These executives are not alleged to have deliberately concealed information from counsel or otherwise acted with scienter or intent to mislead. Nor is any counsel alleged to have acted with scienter or intent to mislead. For these reasons, the SEC's proposed complaint does not seek charges against any individual officers, directors or attorneys."
In the past, the bank has said that it did not disclose the losses based on advice of outside counsel at Wachtell, Lipton, Rosen & Katz.
The SEC argued that the bank has known the agency might pursue the charge, even at the time of an aborted settlement last September. The SEC has been pursuing discovery on the losses since then until late December, its letter said.
Once the bank waived its attorney-client privilege, the SEC said it questioned a number of financial executives about the losses, as well as Rosemary Berkery, former Merrill general counsel; Timothy Mayopoulos, former Bank of America general counsel who was fired a few days after the shareholder vote; and Wachtell partners Edward Herlihy and Nicholas Demmo.
The first complaint over the bonuses was filed in August of 2008. The SEC and Bank of America then reached a settlement agreement, but Judge Rakoff rejected it in September of 2009 and set the case for trial. The bank has also denied any wrongdoing in not disclosing the bonus pool.
lunedì 11 gennaio 2010
Facoltà di Economia
Corso di laurea in Economia dell’Azienda Moderna
Curriculum in Banche, Mercati e Finanza Immobiliare
LE BANCHE CENTRALI E IL SIGNORAGGIO
RELATORE: Chiar.mo Prof.re : CLAUDIO GIANNOTTI
TESI DI LAUREA DI: MARUSKA DISTEFANO
ANNO ACCADEMICO 2008 / 2009
1.1 La nascita del signoraggio
1.2 Il signoraggio oggi
1.3 Esempio in “ soldoni “ del signoraggio
1.4 La sovranità monetaria
1.5 Il valore indotto della moneta
1.6 Autorevoli rilevazioni
LE BANCHE CENTRALI E I GOVERNI
2.1 Le Banche Centrali occidentali
2.1.1 La Federal Reserve
2.1.2 Bce e trattato di Maastricht
2.1.3 La Banca d’ Italia e il Decreto 561
2.2 Caso giudiziario emblematico
2.3 I bilanci
2.4 Stati sovrani debitori in aeternum?
2.5 Il Fondo Monetario Intenazionale
2.5.1 La critica al Fondo Monetario Internazionale
2.6 Due proposte USA : il liberty dollar e la moneta di Stato
2.7 Valuta regionale complementare all’euro
IL SIGNORAGGIO NEL SISTEMA BANCARIO ISRAELIANO
3.1 Il sistema bancario israeliano
3.1.2 Moneta e mercato valutario.
3.2 Le privatizzazioni e il signoraggio
3.3 Il kibbutz Samar
Newsletter No. 28 - January 2010
Links to previous Newsletters can be found here.
To be notified of new Newsletters, click here.
1. Editorial: The Transition To A New Decade
2. Money System Reform
2.1. The Purpose of the Money System
2.2. Various Aspects of the Money System
2.3. Monetary Reform: Creating the Public Money Supply
(1) A Call for Volunteers
(2) The Coming General Election
(3) New Economics Foundation
3. Lessons From Copenhagen
3.1. "Developed" and "Developing" Nations
3.2. Seeing The Problem Whole
3.3. What Can Citizens Do?
4. Book Reviews
(1) Common Wealth: For A Free, Equal, Mutual And Sustainable Society by Martin Large
(2) Critical Social Theory And The End Of Work by Edward Granter
(3) A Renewable World: Energy, Ecology, Equality by Herbert Girardet and Miguel Mendonça
(4) The Case For Pluralism fromDag Hammarskjold Foundation
5. Next Newsletter
1. EDITORIAL: THE TRANSITION TO A NEW DECADE
The 'Noughties' have shown that we in the "democratic West", led by a global super-power in the USA, can no longer claim a specially democratic and influential position in world affairs.
The claim to be democratic has been disastrously damaged by our self-imposed dependence on profit-making commercial banks to provide our public money supply, by our elected representatives' money-grubbing, and by the way the US and Britain invaded Iraq and destabilised the Middle East.
The claim to be influential has been shown up at the recent Copenhagen conference on climate change, when the newly powerful nations, led by China and supported by many "less developed" peoples, insisted that their future development prospects should not suffer from the need to repair the global ecological damage caused by Western development over the past 200 years, and that we should bear the main cost of repairing it.
In Britain we face a general election within the next six months. There is a widespread sense that none of our mainstream political parties is capable of responding effectively to the range of national and international challenges we now face. If their election campaigns confirm this, the result could be a temporary "hung Parliament".
We electors and our politicians might then recognise the need for deeper-seated changes than mainstream agendas now offer. A two-year transition to the 'Teenies' decade could then see the start of a deliberate shift to a new worldwide path of co-operative development and democratic participation. It would give us a much better chance of securing the future of our and other endangered species, than trying to restore competitive Business-As-Usual.
2. MONEY SYSTEM REFORM
A major aspect of that new path of development has to be a money system fit for its purpose.
2.1. The Purpose of the Money System
The money system's purpose must change from what it has been since its origins in the distant past. It must no longer be designed to provide a stealthy way to transfer wealth from weaker and poorer people to richer and more powerful ones. (If you don't believe that this is a fair description, take a look at my short History Of Money - www.jamesrobertson.com/books.htm#history).
Its new public purpose now must be to enable everyone to benefit from fair and efficient exchanges of goods and services, reflecting what we each contribute to and take from the common wealth. It is a purpose for which governmental agencies at local, national and international level must become directly responsible.
To get the money system reconstructed for this new purpose, we have to understand it as a system of interacting money subsystems which influences our behaviour at every level - personal, household, local, national, and global. We have to understand how it generates a calculus of values, and how that operates as a scoring system motivating us by rewarding some things and penalising others. And we have to understand how its present modes of operation motivate us to behave in ways that hasten our species' suicide.
The following four governmental decisions primarily determine how the money system works - in other words, what values it generates in terms of the prices and costs of everything compared with everything else, and so how it motivates us to behave:
how the public money supply is created, by whom and in what form (as debt or debt-free);
how governments collect public revenue (for example, what they tax and what they don't tax);
what public spending is spent on and what it isn't spent on; and
how governments regulate the financial dealings of individual people and other organisations.
Today, all of those urgently need systemic understanding and reform.
2.2. Various Aspects of the Money System
I warmly recommend the December 2009/ January 2010 items in Charles Bazlinton's Blog The Free Lunch.
They deal with many of the reforms needed in various aspects of the money system, including changing the way money is created, the need for land value taxation and a Citizen's Income, and how to get rid of the continually growing maze of regulations intended as substitutes for those necessary basic reforms.
I suggest you start with the "hilarious fun and nonsense" lessons of Wallace and Gromit in the 6 January item on the 2010 UK general election, and work backwards through the 16 December free lunch for thousands of people in Trafalgar Square, and end with the 28 November item on Professor Richard Werner's latest interview on monetary matters.
2.3. Monetary Reform: Creating the Public Money Supply
In Britain over the past few months public anger has continued to rise against the bankers who landed us in the present mess. It is also widely perceived that, in the leading political parties, virtually nobody knows how to prevent the same thing happening again.
That includes the Lib Dems, although Vince Cable is judged to talk most common sense about the issues as they continue to arise. It also includes Labour, since Gordon Brown as Chancellor was most clearly responsible for encouraging the boom and bust debacle. And it obviously includes the Conservatives - not mainly because they didn't noticeably try to stop the boom and bust, but because they are still known to represent the interests of people, including themselves, who benefit most from continuing high bank profits.
Moreover, the public servants responsible for advising the present government, "such as Lord Myners, Lady Vadera, Lord Turner and John Kingman, were all past or present bankers, or friends of bankers. When they leave public life they are likely to work for a bank" - click here. So what is to be done? Here are some suggestions.
(1) A Call for Volunteers from Ben Dyson - http://www.call4reform.org/
"Join the Campaign for Monetary Reform, and Help to Change the World
Our self-imposed dependence on commercial banks to create our public money supply has a disastrously destructive impact on the economy and society in every country in the world. We need your help to change it.Ten years ago Joseph Huber and James Robertson published a clear and effective proposal for monetary reform, to transfer to a public agency the function of creating the public money supply to serve the public interest.
Implementing this reform could prevent future financial crises as well as allowing us to escape from the debt trap that we are currently in. However, one of the biggest problems is that very few people know anything about this issue. The press and politicians either do not understand the problem, or prefer to ignore it. It's Time To Change ThatIn early 2010, we’ll be launching the most focused campaign for monetary reform that has been seen to date. Similar campaigns are needed in other countries. But this one will concentrate on the UK. We will aim for 1 million people from the UK to call for reform of the monetary system over the next year. This will show MPs and the government that they can no longer ignore the issue that is at the root of the majority of social problems, and which caused the worst crisis in the financial sector in 70 years. We have already had meetings with some of the most senior politicians in the UK, but they need to know that the public will support them in reforming the system. This is why we need 1 million people to call for reform.We Need The Help of Talented PeopleEducating 1 million people requires talented people with a wide range of skills. We need people like you to join the campaign team. You will be able to work from home or elsewhere in your own time but you will be collaborating with a network of people all over the UK. In addition, there will be full-time, paid opportunities arising in the next 12 months. Contact MeIf you want to make a major impact on the world and economy, and can offer your skills and talent to make monetary reform a reality, contact me now by sending an e-mail to 'ben at bendyson dot com'. PS. Other major social issues are all important, but the monetary system is at the root of most of them. By attacking the root of the problem, we can solve social and economic problems that have been unsolvable for decades.
(2) The coming general election also provides an opportunity to support independents who campaign for monetary reform. They include:
Anne Belsey - http://www.moneyreformparty.org.uk/
Dick Rodgers - http://www.thecommongood.info/
For Independent candidates in general, Terry Waites' New Year message to Independent parliamentary candidates has suggested to me that we should persuade as many of them as possible to understand the need for monetary reform and to include it in their manifestos.
(3) New Economics Foundation
Please take a look at the new page on Monetary Reform on nef's website - www.neweconomics.org/projects/monetary-reform. It will be interesting to see how it goes.
Likewise how nef develops specific practical proposals from the findings in its recent report "A Bit Rich" - www.neweconomics.org/publications/bit-rich - and its aspirations in "The Great Transition" - www.neweconomics.org/publications/the-great-transition.
3. LESSONS FROM COPENHAGEN
Was the Copenhagen conference on climate change last month a sheer waste of carbon and other greenhouse gases, not to mention money and valuable time? Does the coldest weather ever experienced by many people in many parts of the world now cast doubt on global warming anyway? To both questions the answer must be "No, not really, but ...".
The world community must learn from Copenhagen the need to reconsider both the substance of the key development challenges facing the world in the 21st-century, and the process of deciding how to tackle them.
3.1. "Developed" and "Developing" Nations
At Copenhagen, the formerly dominant "developed" nations were woefully unprepared for the rest of the world's insistence that its development prospects should not be damaged by the payback costs of the ecological damage caused by Western development over the past 200 years. We need to understand that as reasonable.
One of the many people who expressed that view was Sudanese-born entrepreneur Mo Ibrahim in "Africa must exploit all energy sources" (Financial Times, 18 December 2009).
He said, among other things:
"Carbon trading has been touted by many as an important tool for cutting emissions. It may be part of the solution. But we must admit an important premise: Africans account for 13 per cent of the world’s population and are responsible for less than 4 per cent of carbon emissions. That is our carbon credit. It is the only basis for any carbon trading that makes sense."
Another was Thompson Ayodele, director of the Initiative for Public Policy Analysis, Lagos, Nigeria in "North hides nefarious aims under green cloak" (Business Day, South Africa, 17 December 2009).
More recently, on 5 January the President of Bolivia, Evo Morales issued an invitation to a new international conference on climate change:
"Making clear that those most affected by climate change will be the poorest in the world who will see their homes and their sources of survival destroyed, and who will be forced to migrate and seek refuge;
- Confirming that 75% of historical emissions of greenhouse gases originated in the countries of the North that followed a path of irrational industrialization;
- Regretting the failure of the Copenhagen Conference caused by countries called “developed”, that fail to recognize the climate debt they have with developing countries, future generations and Mother Earth."
It will be held from 20th to 22nd April 2010 in Cochabamba, Bolivia. For the full text of the invitation, go to http://cmpcc.org/2010/01/05/call/. (Thanks to Roy Madron for this.)
3.2. Seeing The Problem Whole
In future it will surely make sense for world development conferences to deal with other global problems as well as energy, which are inextricably linked with climate change. They include:
food production and distribution,
availability of land and water,
reforms of existing international (and national) systems of government, politics and the law*, and
reforms of existing international (and national) money systems.
* Fascinating background to one aspect is in Jonathon Porritt's November 2009 report on "The Standing of Sustainable Development in Government", reflecting his nine years' experience as the first head of the UK Government's Sustainable Development Commission.
For a summary of the present challenges of world development by Lester Brown, click here.
3.3. What Can Citizens Do?
In addition to all the "lifestyle" actions we can take as individuals and households and local communities, we can pressurise our governments to bring in policies to change the present direction of our societies' development - for example by persuading parliamentary candidates to support them - see 2.3(2) above.
In his thoughtful and interesting messages of 5 January and 6 January, John Bunzl draws the lesson from Copenhagen that we should adopt an international "Simultaneous Policy" approach to pressurising our governments in that way.
Asking them to adopt the necessary policy changes simultaneously would remove the excuse they now constantly make under pressure from their businesses and industries, that by adopting these policies before other countries do, they will damage their economic competitiveness.
There is more about Simpol at http://www.simpol.org/.
4. BOOK REVIEWS
(1) Martin Large, COMMON WEALTH: For a free, equal, mutual and sustainable society, Hawthorn Press, 2010, hardback, 285pp, £15.00.
The book is being launched in London at the Society Guardian Future of Housing Summit in London on 25 January.
I was very glad to endorse this book as follows.
"Only by sharing the value of our common resources more fairly, is humanity likely to be able to avoid the worldwide self-destruction towards which our present path of development is leading us.
In his masterly new book Martin Large explores the changes this implies for the structures of business, government and civil society and the relationships between them. He identifies land value taxation and a citizen's income as among the measures that will help to bring the changes about.
Please read it if you care about the future of our species."
The book's special importance is that, while it concentrates on helping people who "want to get on with building the social future where they are, whether this means developing more sustainable businesses, caring for the environment, renewing democracy or community development", it also recognises that, to facilitate that, "the current captive corporate state can be replaced by a government that works for the common good; the economy can be freed from neo-liberal capitalism by developing an associative, fair trade economy; and public services such as education and health can be liberated from both state dominance and from commercialisation".
It brings together practical grass-roots guidance with wider understanding of the need for national and global change.
(2) Edward Granter, CRITICAL SOCIAL THEORY and the END of WORK, Ashgate, 2009, hardback, 202pp, £55.00.
I have enjoyed this account of the development of ideas about work and its future in the industrial age. Having myself been one of the British authors on this subject in the 1970s and 1980s - www.jamesrobertson.com/books.htm#futurework - I was glad to be reminded of the work of others like Krishan Kumar, Charles Handy, Clive Jenkins and Barry Sherman. I even felt rather chuffed at finding my name in the same company as academic post-Marxist luminaries like Herbert Marcuse and André Gorz.
However, I am still as convinced as I was then that "the end of work" misses the point. We should be discussing the liberation of work.
It is a basic error to assume, as most people seem to do today, that working for an employer is the only way to work, and that that is actually the meaning of "work". In fact, it is often much better to work, if you can, for yourself and your family and your community, doing things and providing goods and services which you yourself value as worth providing.
I am sure that extending the freedom and ability of people to practise that kind of "ownwork" will now gather more support than it has done in the past thirty or forty years. In the age of "sustainable development" it must become clear that to stifle that freedom, by persuading or compelling as many people as possible to increase the job statistics, is unacceptably wasteful.
That is most clearly due to the mass duplication of infrastructure and services between home and workspace, and the mass daily commute between them and back again, which that policy requires. But it inevitably also limits many people's sense of ethical commitment to good work.
Granter's conclusion is that "by pointing to the radical possibilities for transforming work, end of work theories highlight the possibilities for radical transformation of society as a whole". I am sure his work will interest scholars of sociology, history of ideas, and social and cultural theory. I am not so sure how much it will help or inspire people who are actively trying to bring the transformation about.
(3) Herbert Girardet and Miguel Mendonça, A RENEWABLE WORLD: Energy, Ecology, Equality, Green Books, 2009, 256pp, £14.95/$27.95.
For a description of its contents please click on the title (above) of this important Report for the World Future Council. Its last chapter is on "Going Deeper, Looking Further". It recognises that, although the book has placed a strong emphasis on climate change, "even if climate change were not happening, we would still need to change our energy systems, restore the health of ecosystems, create more livable cities, vibrant communities and resilient localities, use less resources, spread wealth, increase international peace and leave behind a world fit for our children and grandchildren. So climate change could be seen as the final wakeup call to create an ethical, sustainable world...."
Although the Report recognises the need for various separate changes involving money and finance, it doesn't suggest a comprehensive and systematic reconstruction of the money system that influences how almost everyone in the world now behaves - personally, locally, nationally and internationally.
So it's good to know that the World Future Council recognises the need for a new financial system at the core of the new economy that humanity now needs, and that a coalition of social banks has provided core funding for the Council's policy work on it over the next three years - www.worldfuturecouncil.org/future_finance.html.
(4) Dag Hammarskjold Foundation, THE CASE FOR PLURALISM; "What Next" Vol. II; Development Dialogue No 52, August 2009, 199pp.
As a participant with the International Foundation for Development Alternatives (IFDA) in the 1970s and subsequently with the Dag Hammarskjöld Foundation on "Another Development, What Now", I was sad to learn of the impending end of the 'What Next' project.
So it was a relief to know that a new "What Next Initiative" - http://www.whatnext.org/ - will carry forward the exploration of "alternative paths that can take us to a decent and sustainable future. That requires unconventional thinking, and the consideration of a broad range of alternatives – a strong case for pluralism. And that is what this final What Next volume is all about."
Contributors include Manfred Max-Neef, Vandana Shiva and Wendy Harcourt. Niclas Hallstrom's Introduction affirms that "all actors - governments, business, academia, media - have important roles to play, but little will happen unless concerned and organised citizens act, and act effectively and strategically, thereby pushing and moving the other actors".
5. NEXT NEWSLETTER
During the next few months I plan to complete a book on money system reform, with a practical core as summarised at 2.1. above. So my next newsletter may not come out until after Easter. But I know what happens to "the best laid plans of mice and men ..... ".
11th January 2010
| 18 gennaio 2010 |
Le banche e la crisi. Storia, etica, problemi, soluzioni
THE DETROIT PLANE BOMBING - SOME COMPONENTS MADE IN ISRAEL
by Barry Chamish
Israel is under deep threat from the diplomatically reckless Obama administration. Its saving bet is the American people; and their anti-Islamic attitude has to be enflamed again.
The Islamic world is equally threatened by the medieval spread of sharia extremism. Israel monitors its planned attacks and when useful, gives them a push.
It's a filthy underworld with innocent victims.
Gathering intelligence from my past and from current informants, I smelled the rat lifting its head from the sewage, after the Christmas Day, Detroit plane bombing. Here's what I wrote:
Menachem Atzmon, convicted in Israel in 1996 for campaign finance fraud, and his business partner Ezra Harel, took over management of security at the Boston and Newark airports when their company ICTS bought Huntleigh USA in 1999. UAL Flight 175 and AA 11, which allegedly struck the twin towers, both originated in Boston, while UAL 93, which purportedly crashed in Pennsylvania, departed from the Newark airport. This convicted Likud criminal's firm was in charge of security at Logan Airport inspecting the validity of passports and visas, searching cargo, screening passengers when two airliners were hijacked from there on Sept. 11, 2001, and demolished the World Trade Center towers in New York.Without Atzmon in charge of Newark and Logan Airports, 9-11 could NOT HAVE HAPPENED. Later adding: The same goes for Schiphol on Dec. 24/09.
Then, look what arrived at my desk:
Israeli Firm Responsible for Amsterdam Airport Security Where
Terrorist Boarded Airport
An Israeli firm is responsible for security inspections in the
airport in Schiphol, Holland, the airport where Umar Farouk
Abdulmutallab boarded the Airbus 330 heading for Detroit (USA). The
Israeli company, ICTS, is reportedly one of the leaders in security,
& operates in Amsterdam and a number of other European countries.
ICTS was established in 1982 and today employs 11,000 security
personnel in 22 countries. Many airports and airlines seek the
Israeli expertise and opt for ICTS to provide security for passengers
and employees. According to Rom Langer, the director of the company, who granted
Channel 2 News an interview on motzei shabbos, the terrorist did
undergo a security inspection in Amsterdam, but he does not have the
information pertaining to the inspection. When asked about the fact that the suspect attempted to set fire to
the aircraft, Langer responded, "You too can set the seat on fire,
using a lighter". Schiphol is among the busiest airports in Europe, with many
passengers from Africa and Asia passing through, making their way to
North America. Security is reportedly stringent, and passengers are
limited regarding quantities of liquids and other substances
permitted on a flight.
Two weeks before the rest of the investigators, I had it right. Then others saw the rat:
WASHINGTON, DC Officials in the Obama White House are considering the possibility that the Christmas day attempt by Nigerian terrorist Umar Farouk Mutallab to blow up an airliner about to land in Detroit was deliberately and intentionally facilitated by unnamed networks inside the US intelligence community. This was the gist of a report by Richard Wolf delivered in this evening’s edition of cable network MSNBC’s Countdown program, hosted by Keith Olbermann. This report comes on the eve of a special White House interagency conference convoked by Obama to deal with the massive systemic failure of US intelligence in allowing the Yemen alumnus Mutallab to board the Amsterdam to Detroit flight while allegedly carrying a PETN explosive device on his person. Wolf attributed his account to top officials in the Obama White House. The intentional sabotage of US antiterrorist screening procedures would explain why Mutallab had been able to use his US visa, escape interrogation and special searches, and board his flight, even though he was festooned with every red flag in the annals of airport security...
"ICTS is also linked with Israeli espionage against the United States. An ICTS board member, retired Major General Amos Lapidot, served as commander of the Israeli Air Force and authorized Israeli Air Force Colonel Aviem Sella, operating under official cover at the Israeli Consulate General in New York, and Rafael Eitan, head of LAKAM, an Israeli military technical intelligence gatherer, to accept U.S. Navy intelligence official Jonathan Pollard's offer to spy for Israel."
December 26-29, 2009 -- Who let security fail at Schiphol Airport and why?
Umar Farouk Abdul Mutallab, the University College London student from Nigeria accused of trying to detonate a mixed liquid-powder device on a Northwest Airlines/Delta Airbus 330, flight 253, as it approached Detroit from Amsterdam's Schiphol Airport on Christmas Day appears to have received some special treatment from security at the Amsterdam airport. The Mutallab case also resembles that of another attempted plane bombing, that of the hapless "shoe bomber" Richard Reid.
It has also been revealed that Mutallab is the son of Alhaji Umaru Mutallab, the former chairman of First Bank of Nigeria. According to This Day of Lagos, the elder Mutallab claims he reported the extremist views of his son to Nigerian security agencies, as well as to the U.S. embassy in Abuja, yet no attempt was made to prevent the radically-inclined Nigerian student to board the plane in Schiphol. The attempted plane bomber was schooled at the British International School in Lome, Togo and attended college in London and moved to Egypt and Dubai. The elder Mutallab is a frequent visitor to the United States and he is married to a Yemeni woman. ...
For a number of years, passengers at Schiphol flying to the United States have been subjected to intense grilling by security personnel linked to an Israeli firm. In fact, these procedures were in effect even prior to the 9/11 attacks and many were put into place after the Pan Am 103 bombing in December 1998. U.S.-bound passengers at Schiphol are asked a number of personal questions, including where they have stayed either in the Netherlands or in their country of origin. Hotel receipts are routinely requested by security personnel and the addresses of private temporary residences are recorded. Mutallab boarded a KLM flight in Lagos for Schiphol where he transited for his onward flight to Detroit on Northwest/Delta.
Six months prior to Reid's near shoe bombing of American Airlines flight 63 from Paris to Miami in December 2001, while memories of 9/11 were still fresh in everyone's mind, Reid attempted to board an El Al flight from Schiphol to Tel Aviv. Reid was taken aside by El Al security and identified as a terrorist suspect. Reid paid for a one-way ticket with cash and would not reveal what he planned to do in Israel. However, rather than turning Reid into Dutch security for further action, he was allowed to board the El Al flight by Israel's Shin Bet security so his movements during his five days in Israel could be monitored. Six months later, Reid attempted to ignite his shoe on the flight from Paris to Miami. Israel had not informed British, American, or any other security agency of the concerns about Reid. Reid's aunt, Claudette Lewis who raised Reid in south London, was quoted as saying she believed her nephew had been "brainwashed."
Reid later said El Al failed to detect that he had explosives in his shoes on the flight to Tel Aviv, an amazing revelation considering the Israeli airline's tight security. .. The links between El Al security and Mossad are extremely close with abundant cross-pollination of senior personnel back and forth. The security company that allowed Reid to board American Airlines 63 at Charles de Gaulle airport in Paris was ICTS (International Consultants on Targeted Security) International. ICTS's senior management are all ex-Israeli security officials, many of whom worked for El Al security. It was ICTS that largely developed the passenger "profiling" procedures used at Schiphol and other airports around the world through its subsidiary, ICTS Holland Products BV.
The ugly underworld of intelligence trapped Israel into making hopeless concessions to the PLO, and if the trends stay on course, to Hamas in time. Into this swell of appeasement, religious Jews and "settlers" are to be removed from the equation like so much human refuse. With half their nation on the chopping block, the Israeli ruling establishment, still has to infiltrate the real enemy to survive:
Yemeni President Ali Abdullah Saleh has said the security forces have arrested a group of alleged Islamist militants linked to Israeli intelligence.
Mr Saleh did not say what evidence had been found to show the group's links with Israel, a regional enemy of Yemen.
"A terrorist cell was arrested and will be referred to the judicial authorities for its links with the Israeli intelligence services," Mr Saleh told a gathering at al-Mukalla University in Hadramawt province.
Mr Saleh did not identify the suspects, but official sources were quoted saying it was same cell - led by a militant called Abu al-Ghaith al-Yamani - whose arrest was announced a week after the attack.
An Israeli foreign ministry spokesman said the Yemeni president's statement was without foundation.
"To believe that Israel would create Islamist cells in Yemen is really far-fetched. This is yet another victory for the proponents of conspiracy theories," Igal Palmor said in remarks reported by AFP.
Vancouver is a dull city whose residents think they have the most exciting lives in the world. So they brought in the Olympics to prove it. If recent history is any guide, they just might, but not in the way they intended. As a reader notes: "The Israeli company Verint which is connected to ICTS and of course Israeli Comverse (thus Odigo), is doing the security for the Vancouver Airport where the Olympics are being held this year. Stay out of Vancouver, Barry."
THE RECESSION HAS ARRIVED FOR MY READERS...AND ME.
Readers who have supported my work for years now write that they have lost jobs, investments, even homes. They apologize to me, they ask me to understand. And I do. More, I appreciate their readership as much as ever. Without their support, who would do my kind of research? Just this month, support from Aliza and Carl, allows me to write for another month.
But it's starting to get pretty tight around here.
If your situation is stable, remember me and what I do...
Finally my new two DVD set, Media Madness In The Middle East has been mailed, and kudos are starting to arrive. From Oregon:
thank you for your new cd, Barry! i liked the new and detailed info. when you peel the layers off Israel's onion to the cfr, then you know the same group juggles the usa and the whole kit and kaboodle. glad you're digging for the truth.
You'll be proud to show this set to everyone you know. It's just $18 plus postage by writing me at firstname.lastname@example.org
Hebrew readers, I released a four hour DVD containing two Hebrew lectures. The Rabin speech is finally in DVD format but more important, also within is my address in Kiryat Arba on the outside forces out to destroy the nation. It’s a difficult concept for the audience to grasp, but for the first time, it’s spelled out in Hebrew. AND, I received a supply of Hebrew books; Who Murdered Yitzhak Rabin, Save Israel, and The Last Days Of Israel. Til the supply runs out you get the books and the DVD for $20, plus postage.
I liked it very much … and I already passed to couple friends of mine. But – as always – there are people who
Are doing everything possible in order not to hear and not to see and today I leave them alone.
So, if it is so as your friend Barry claims, why Icchak Rabin’s son and daughter hugging and kissing Shimon Peres
publicly on TV? Why they meet him on so many occasions if they are aware that he is behind the murder of their father?
Why Sharon’s family behave the same way? Are all those families afraid that Shimon will kill them too?
Why nobody except Barry Chamish is writing openly on it? Are all Israeli journalists afraid of him?
Those are the questions I have to answer to all those to whom I pass your message. And believe me – all are intellectuals.
As for my modestly paid newsgroup, from K.G.: "An outstanding mix of news unreported and even humor. It keeps me up with a world I'd never known."
You're invited to join.
My Paypal address is email@example.com or write me.
Saint Augustine, FL 32080
My new book, THE conPROMISED LAND can be ordered direct from the publisher http://www.lulu.com/content/paperback_book/the_conpromised_land/6398777
- For those in the know, I present the following without comment:
- Terra Incognita: The first economic peace in the Holy Land
- Jan. 6, 2010
- Seth Frantzman , THE JERUSALEM POST
- One of the cornerstones of Prime Minister Binyamin Netanyahu's policy has been his belief that economics is an integral part of any peace process. He has claimed that "we must weave an economic peace alongside a political process... [It] will support and bolster the achievement of political settlements down the line."
- The idea that free-market principles and a strong economy mitigate both nationalism and political extremism - especially the resort to violence - has long been a staple of those who argue for democratization and free trade. What Netanyahu and his advisers may not know is that the theory of economic peace has been alive and well in the Holy Land since the 19th century, among Jewish, Arab and Christian Masons.
- Few are aware of the connections that exist between Masons, Jews and the conflict in the Middle East. The fascists, such as Francisco Franco, and the Nazis were fervently anti-Mason. The militant Islamist movement has typically seen the Masons as a threat. Hamas describes Freemasonry as a "secret society" controlled by Zionism, and the term "Freemason" is mentioned three times in the Covenant of Hamas adopted in 1988. Israel's most potent enemy in the 1960s, Egyptian leader Gamal Abdel Nasser, closed all the Masonic lodges of Egypt in 1962.
- THE MASONS are an international fraternal order whose beginnings are traced to Scotland in the 16th century. The movement spread quickly to England and thence to the Americas, where many of the founders were Masons. Freemasonry has been influential in inspiring westernization and secularism among military and political elites in such diverse places as Mexico, Russia and Liberia. However, it has been perceived as deeply threatening to religious groups and conspiracy theorists.
- Since its inception, Freemasonry has welcomed Jews as members, and initially most Jewish Masons were from prominent Sephardi families. One of these, Moses Montefiore, is important because of his connection to 19th-century Palestine, where he helped improve the living conditions of local Jews. However, the first Masonic ceremony held in Jerusalem was conducted by a Kentucky-born Mason named Robert Morris at the Cave of Zedekiah (popularly known as King Solomon's Quarries) near Damascus Gate in east Jerusalem. Another Masonic lodge, the Royal Solomon Mother Lodge, was founded in Jaffa in 1873 by American settlers of the Adam's colony. The colony failed, and the lodge was maintained by Rolla Floyd, a survivor of the colony. Another lodge was founded in 1890 in Jaffa by middle-class Jews and Arabs.
- The Masonic lodges at this time included Jewish and Arab notables. One example of these, according to an article written by Israeli Mason Leon Zeldis, was a Christian Arab hotel owner named Iskander Awad who was also an agent for the Thomas Cook travel agency. Lodges were founded in Haifa (1911) and Jerusalem (1931), and in each case the membership was composed of leading Jews, Arabs and Europeans.
- Dr. Daniel Farhey, a Mason based in Haifa, has written that "Freemasonry is one of the few institutions that actively promotes better understanding between the different ethnic and cultural segments of Israel society, particularly between Jewish and Arab brethren, and also assists in the social integration of immigrants."
- DURING THE British Mandate, the Masons in Palestine experienced a huge influx of British members. It may be no surprise that many of the leading voices behind the establishment of the Mandate, such as Lord Arthur Balfour, and Mandatory administrators such as High Commissioner Herbert Samuel were Masons. The lodge in Jerusalem attracted Jerusalem's business and political elite, among them David Abulafia (Sephardi Jewish leader), Daniel Auster (a General Zionist politician and Jerusalem mayor), the Yeshaya family (Jewish businessmen), S.T. Rock (Arab Catholic businessman), Nagib Mansour (Christian Arab engineer) and members of the Muslim elite who, according to information supplied to the author, may have included the Dajani family. This was a coexistence fraternity based on shared economic values.
- Reports from the period state that the lodges "stand for peace." A clipping from The Palestine Post published in 1939 describes the death of Samuel Hashimshoni, who was a "fine exponent of Masonry" and who did not travel with a firearm "as an example to his colleagues of his faith in his fellow man. He maintained and sought contacts with Arab friends."
- Prof. Ruth Kark of the Hebrew University and Dr. Joseph Glass have documented how the Sephardi Valero family were prominent Masons and maintained close relationships with Arabs throughout the Mandate. This was the essence of Freemasonry in the Holy Land, and is maintained today in the Grand Lodge in Israel where the Koran, Bible and Torah are displayed together.
- FREEMASONS HAVE been integral to the Land of Israel from the time of Charles Warren (archeologist in 19th-century Jerusalem) to the continued activities of the dozens of lodges, including eight in Jerusalem alone.
- However as history has shown, the early attempts at "economic peace" enshrined in the Masonic ideology did not prevent the 1948 war. Communal leaders like Abulafia, Auster and their Arab counterparts stood by as war engulfed their communities.
- The question is whether Netanyahu will be more successful at achieving economic peace than his forebears.
- http://www.jpost.com /servlet/Satellite?cid=1262339404266&pagename=JPArticle%2FShowFull
- Copyright 1995- 2010 The Jerusalem Post - http://www.jpost.com/
giovedì 7 gennaio 2010
CLASS ACTION: ADUSBEF, SU UNICREDIT E BANKITALIA DECIDERANNO GIUDICIultimo aggiornamento: 07 gennaio, 2010
Roma, 7 gen. (Adnkronos)- "Saranno i giudici a decidere stavolta sulla fondatezza di una class action pilota promossa dall'Adusbef contro Unicredit e Bankitalia Spa, sull'ammortamento fraudolento alla francese dei mutui, che arreca tangibile danno ai consumatori, entrando nel merito delle questioni sollevate e non, come ricorda Palazzo Kock in una stonata difesa d'ufficio del 'sistema bancario', sulle 1.200 cause intentate, nel periodo 2004 e 2005 sul signoraggio, sempre promosse da Adusbef, quando la sentenza di Cassazione richiamata non entro' nel merito delle azioni giudiziarie, limitandosi ad affermare l'assenza dei presupposti ad agire sulle politiche monetarie". Lo afferma in una nota il presidente di Adusbef, Elio Lannutti.
Iceland's credit rating downgraded after veto of the Icesave deal prompts fears of delays in IMF program
Telegraph, 6 January 2010
Facing a new wave of social and economic bedlam under the IMF: Jamaica's dilemma
Carib World News, 28 December 2009
Still lost in the old Bretton Woods
Financial Times, 27 December 2009
Coal for Christmas: the World Bank is still subsidizing one of the world's dirtiest fuels
Foreign Policy, 22 December 2009
mercoledì 6 gennaio 2010
BBC, 5 January 2010
Iceland leader vetoes bank repayments bill
Iceland's president has refused to sign a controversial bill to repay $5bn (£3.1bn) to the UK and the Netherlands.
President Olafur Ragnar Grimsson said he would instead hold a referendum on the bill, following public protests.
The legislation was designed to compensate governments forced to bail out their savers with Icesave accounts following Iceland's banking collapse.
Opponents argue the terms of the payments will unfairly hurt Iceland and its recovery from economic crisis.
Some reports say those opponents form a large majority of Icelanders - some 70% are said to be likely to vote "no" in a referendum.
Legislation to repay the money was approved by Iceland's parliament in December, but the approval of the president is also required before it can be passed into law.
It is now up to the government to decide how to proceed. It must consider whether to go ahead with a referendum or whether to withdraw the bill and reopen negotiations with the UK and the Netherlands about a repayment schedule.
The right to choose
The government has seen significant public opposition to the bill.
THE STORY SO FAR...
Early October 2008: Icelandic banks collapse forcing the government to take control
October 2008: Amid a bitter row with Iceland over who should pay, UK and the Netherlands promise to compensate their nationals who have Icesave accounts
November 2008: IMF approves $2.1bn loan for Iceland. Financial support from other countries brings total amount to $10bn.
June 2009: Iceland's new government agrees to reimburse UK and Netherlands
August 2009: Icelandic parliament approves first Icesave bill detailing payment schedule
September 2009: UK and the Netherlands reject payment terms
December 2009: Amended bill with more stringent conditions approved by parliament
On Saturday, the president received a petition calling for the bill to be vetoed, signed by almost a quarter of the country's population.
Campaigners against the bill say that the Icelandic public are being forced to pay for the mistakes of banks.
The total compensation package equates to about 12,000 euros ($17,300; £10,800) per Icelandic citizen.
Announcing the decision to hold a referendum on the bill, President Grimsson said that the Icelandic public had the right to choose.
"It is the job of the president of Iceland to make sure the nation's will is answered," he said.
"I have decided... to take the new law to the nation. The referendum will take place as quickly as possible."
In response to the decision, the Icelandic parliament, which approved the new bill last month, said the move could further tarnish Iceland's image abroad.
By Ingibjorg Thordardottir, BBC News
The president's decision to call a referendum on the Icesave law is likely to be met with mixed reactions by the Icelandic people. Many believe Iceland is paying too much back to Britain and the Netherlands and want the law courts to decide what the fair repayment amount should be.
Others say that passing the law is fundamental to Iceland's economic recovery - especially since bodies like the IMF and the Nordic countries have said they will not release much needed loans unless an Icesave agreement is finalised.
The decision is a blow to the Icelandic government which sees the legislation as a vital step in Iceland's economic recovery. It will now have to decide whether to withdraw the bill and try to renegotiate a different deal with the UK and the Netherlands or to go ahead with a referendum.
The prime minister has already made it clear that Iceland will honour its international obligations but has not said how that will be done. But the president says that a referendum is the the only way for there to be a fair and conclusive result for the Icelandic people to this drawn-out crisis.
"Uncertainty... in the formal dealings with others countries can have unforeseen, wide-ranging and potentially damaging consequences for our society," warned Johanna Sigurdardottir, Iceland's Prime Minister.
The Treasury's City Minister, Lord Myners, said he shared the Icelandic parliament's disappointment, and warned the public against voting against the bill in the referendum
"The Icelandic people, if they took that decision, would effectively be saying that Iceland doesn't want to be part of the international financial system," he said.
The Dutch government said Iceland was still "compelled to pay back the money".
BBC Brussels correspondent Dominic Hughes said the longer-term impacts of the decision could be significant for both political and economic reasons.
"It's seen as a blow to the country's hopes of a quick entry to the European Union," he said.
"In fact, the whole debate has soured feeling in Iceland towards the EU.
"It also throws doubt on further aid payments to Iceland from international lenders."
Iceland's credit status has already taken a knock. One agency that grades the fitness of a country's finances, Fitch Ratings, has put the country's debt rating at "junk" status, meaning it must pay a higher interest rate to attract borrowers who are not certain to be paid back.
The crisis in Iceland's banks forced it to borrow billions of dollars from the International Monetary Fund (IMF) - loans made on the condition that the issue of Icesave compensation would be resolved.