1. Creating corporate non-profits with a pre-set agenda of policy followed by community organizing to get citizens connected to those agenda items never educating on the REAL issues and PRETENDING those items help labor and justice when they do not.
2. Creating the structures in developing nations for recruitment and distribution of global labor pool bringing this structure to US cities deemed International Economic Zones PRETENDING its all about building job skills and being ready to compete in the global market.
Today we will talk about the structures global NGOs working with Wall Street and global corporations use to sell this progressive posing as SOCIAL BENEFIT when it all harms 99% of citizens........ASYMMETRIC WARFARE
WHAT?????? You say---that's about militarized warfare and drones ----yes, but these strategies are also used in politics and are behind all the progressive posing by far-right Clinton/Bush/Obama Wall Street global pols---running as both Republicans and Democrats.
MLK's tactics in the 1960s civil rights movement of peaceful demonstrations allowing a strong opponent in the institutional racial inequity of the time show strong aggression against a weaker opponent. This was the use of asymmetric political warfare by the left for labor and justice issues---this sparked the Congressional passing of civil rights/labor rights/women's rights/rights of disabled Constitutional Amendments and legislation. A weak opponent defeats a strong one.
The far-right Wall Street global corporations and their global NGOs use it as well for the same purposes. When you have 1% vs 99% of citizens in a power struggle----the 99% are the stronger opponents (if they pulled together) vs a 1% of people. So the 1% and their 5% install tactics through global NGOs and their corporate non-profits in US cities that weaken the 99%---creating factions between citizens/creating data that is skewed to make it appear those bad social policies are affective---the source of progressive posing/ and creating an environment where the 99% cannot attain REAL information.
BILL CLINTON'S INTERVENTION IN IRELAND UNDER THE GUISE OF PEACE BETWEEN RIVAL PROTESTANTS AND CATHOLICS IS AN EXAMPLE OF THIS ASYMMETRIC POLITICAL WARFARE.
These political strategies have been around throughout civilization but the Bush neo-conservatives and Clinton neo-liberals embraced this whole-heartedly as their strategy to move to Wall Street global corporate rule and it is steeped in the Leo Strauss political philosophy TELL CITIZENS WHAT THEY WANT TO HEAR AND THEN DO WHAT YOU WANT TO DO. This is when voters in both political parties were duped over and again because candidates were no longer staying within the party platforms or keeping their campaign stances.
Asymmetric warfare (or Asymmetric engagement)
is war between belligerents whose relative military power differs significantly, or whose strategy or tactics differ significantly. This is typically a war between a standing, professional army and an insurgency or resistance movement.
Academic authors tend to focus more on explaining the puzzle of weak actor victory in war: if "power," conventionally understood, conduces to victory in war, then how is the victory of the "weak" over the "strong" explained? Key explanations include
- strategic interaction;
- willingness of the weak to suffer more or bear higher costs;
- external support of weak actors;
- reluctance to escalate violence on the part of strong actors;
- internal group dynamics and
- inflated strong actor war aims.
- evolution of asymmetric rivals' attitudes towards time
This is why American voters still tying themselves to race and class stances thinking all of this will happen to someone else NEEDS TO WAKE UP----WHITE EUROPEAN AND US CITIZENS ARE GLOBAL HUMAN CAPITAL HEADING TO INTERNATIONAL ECONOMIC ZONES AS WELL.
The UK and Clinton were very tight as two of the most global neo-liberal Western nations. The UK wanted the political issues in Ireland solved and of course wanted the solution to favor the UK---that involved Gerry Adams and the IRA. Long story short----after years of negotiation both rival leaders soon became leaders of the installation of AN INTERNATIONAL ECONOMIC ZONE IN IRELAND. Yes, the two leaders were enriched opening Ireland to global corporations all under the guise of building the economy and jobs in Ireland.
'Clinton appeared to fire the imagination of many people in Northern Ireland, appearing both statesmanlike, non-partisan and folksy at the same time'.
'Adams and Clinton: The 1995 handshake
In 1994, President Clinton angered London, the US's closest ally, by granting a US visa to Gerry Adams'.
The Celtic Tiger That Took Ireland by Storm
Tuesday, October 1st, 2013 | By EMisiaszek
Image Source: http://i.telegraph.co.uk/multimedia
Just to be clear, there are no tigers in Ireland. Ok, maybe at the zoo, but the Celtic Tiger we’re going to talk about today is snagged from the economic growth indicators of East Asian Tigers (major economic players) like Singapore, Hong Kong, South Korea and Taiwan.
In each case, these Asian countries saw a fast, rapid rise in economic growth. And that’s exactly where the term Celtic Tiger comes from. It refers to Ireland’s economic miracle, or boom, lasting from about 1995 until 2007.
The highest rate of economic growth was from 1995 until 2000, when the economy grew at a rate of 9.4%. From 2000 to 2007, the expansion continued at an average rate of 5.9%.
The miracle, however, is that during the Celtic Tiger boom Ireland went from being one of Europe’s poorer countries to being one of the richest. The ability for the country to prosper so extensively is what impressed many economists.
Monday, 11 December, 2000, 18:53 GMT
Clinton: His role in Northern Ireland
Pointing the way: Long involvement in Northern Ireland
Shortly before Bill Clinton left office, BBC News Online's Dominic Casciani examined his role in the peace process. It's a mark of the people skills of President Bill Clinton that it took his visit to unite the people of Northern Ireland, no matter how briefly, in their tens of thousands on the streets of Belfast and Londonderry.
We came here knowing that words are not very good at a time like this, simply to express our sympathy and to support your determined refusal to let a cowardly crime rob you of the future
President Clinton at Omagh, 1998
President Bill Clinton's domestic legacy, belittled by opponents and tainted by impeachment, will be picked over for years to come.
But few doubt the importance of the role that he played in helping to get Northern Ireland's divided community to sit down together with the common goal of consigning violence and inequality to the past.
President Clinton is now on his third visit to Dublin and Belfast - three visits more than any other serving US President has ever undertaken.
It's a commitment that has ranged from granting Sinn Fein president Gerry Adams a US visa in the belief that it would further peace, to admitting to being left "overwhelmed" following a meeting with victims of the Omagh bomb.
Although the peace process is by no means complete, the White House has regarded it as little short of a Clinton foreign policy triumph.
Origins of involvement
For years, any White House desire to get involved in Northern Ireland was tempered by the relationship with London.
1992: Irish Forum pledges
1994: Gerry Adams Visa
1994: George Mitchell Appointed
1995: First visit
1998: Key role in Good Friday Agreement
1998: Second visit
2000: Farewell visit
During his White House campaign in 1992, the then Governor Clinton of Arkansas made a pledge to send a peace envoy, something that the majority of the politically influential Irish-American caucus had long sought.
The commitment risked infuriating London and following election, Clinton appeared to have dropped the pledge - appointing only an "economic envoy", Senator George Mitchell.
Coupled with the new US ambassador to Dublin, Jean Kennedy Smith, sister of Clinton's hero President John F Kennedy, the two appointments began a process that would see the US strengthen its involvement in the emerging peace process.
Treading a fine line
Clinton's approach to Northern Ireland appeared to mirror that of many of his domestic policies - appeal to all sides and seek consensus.
His second policy plank was to encourage US companies to bring much-needed economic investment to Northern Ireland.
But it was a fine line to follow. In 1994, President Clinton angered London, the US's closest ally, by granting a US visa to Gerry Adams.
Despite accusations of being soft on terrorism and opposition among some of his own people, Clinton saw it another way.
Only by including the republicans could they be encouraged to leave violence behind.
President Clinton's first visit to Northern Ireland came in November 1995, 15 months after the IRA announced its first cease-fire.
Adams and Clinton: The 1995 handshake
He was greeted by tens of thousands of people lining the streets.
After famously shaking hands with Gerry Adams on Belfast's Falls Road (the exact location now features in the official Belfast bus tour), he went on to receive a rapturous reception when he turned on the Christmas tree lights in Belfast city centre.
Clinton appeared to fire the imagination of many people in Northern Ireland, appearing both statesmanlike, non-partisan and folksy at the same time.
The Adams handshake may have drawn unionist criticism, but the president treated him no differently to the political representatives of the loyalist paramilitaries - he would back those he saw as leaving violence behind.
From talks to agreement
George Mitchell's subsequent appointment as the honest broker between all sides in the developing talks, the de facto peace envoy Clinton had promised in 1992, is regarded by many as the president's single most important foreign policy decision of his administration.
Unprecedent scenes: Thousands turned out
It not only provided a respected and impartial figure to chair talks, but it effectively guaranteed the White House's involvement in helping to find a political settlement in Northern Ireland, between the north and the south and Dublin and London.
Throughout the 1998 talks, there were frequent telephone calls from the Oval Office to the main players - culminating in a round of late-night contacts in the days leading up to the deadline.
Mr Clinton never saw his role as a guarantor of a deal - but it was certainly his intention to be an enabler, encouraging compromise and exerting pressure at the same time.
Mr Clinton's second visit to Northern Ireland, following the dissident republican bombing of Omagh, came as the president was facing increasing domestic pressures at home.
He appeared visibly moved following a meeting with some of those who survived the bombing - but stressed to all of Northern Ireland that it was "up to you" to find the solutions.
Difficult, sometimes wrenching decisions lie ahead but they must be made," he said. "The spirit of reconciliation must be rooted in all you do."
A question mark now hangs over future American policy.
No one expects the incoming administration to be as dedicated to the peace process as Clinton.
But there is a suggestion that Mr Clinton - soon to be an extremely young ex-president at the tender age of 54 - may want to take up some future role in furthering the peace process.
And while history may judge his presidency at home harshly, many in Northern Ireland would leap instantly to his defence.
Afterall, recent events may have been very different had President Clinton not turned on those Belfast Christmas tree lights in 1995.
The progressive posing by Clinton---ever the Wall Street global corporate 1% was this-----Clinton was the intermediary between the two leaders of this religious/UK control of Ireland and its government in a civil war extending for decades Protestant vs Catholic----UK control of government vs no UK control. The UK wanted it ended and they of course wanted it ended on UK terms.
Global Wall Street and global NGOs tied to this peace agreement promoted the good of this economic plan as the solution to bring both sides----Catholic and Protestant together through a strong economy and jobs----BRINGING THE INTERNATIONAL ECONOMIC ZONE TO IRELAND WAS FOR SOCIAL GOOD AND PEACEFUL SOLUTION TO A LONG-TERM VIOLENT CIVIL STRIFE.
Not long after Gerry Adams signs the peace accord and national media say Ireland's economy is on fire-----Ireland becomes the Greece of the 2008 economic crash all tied to the global banking frauds. Now Ireland is in receivership.
- Ireland's Economy in Free Fall Collapse - The...
www.huffingtonpost.com/.../irelands-economy-in... May 12, 2009 · It appears that the IMF may be the ... that the economic collapse now underway in Ireland is ... Ireland's Economy in Free Fall Collapse.
Ireland’s economic collapse worst global crash since the Great Depression
ANTOINETTE KELLY @irishcentral
July 02,2012 05:09 AM
Ireland's economic crisis is the most expensive and also deepest of any economy since the Great Depression, a new International Monetary Fund (IMF) report claims.
According to the Herald, the new IMF report says that Ireland is the only country in the world to suffer from fiscal costs, increases in public debt, and output losses due to a banking crisis.
Worryingly it also added that there is no sign of conclusion in sight to the country's debt crisis.
'Ireland holds the undesirable position of being the only country currently undergoing a banking crisis that features among the top 10 of costliest banking crises along all three dimensions, making it the costliest banking crisis in advanced economies since at least the Great Depression,' the IMF paper, titled Systemic Banking Crises Database: An Update, claimed.
'And the crisis in Ireland is still ongoing,' the paper added.
Other more advanced economies have more options available to them to exit the downturn, including credibility with financial markets, which allows them the use of options such as bank guarantees.
'Deposit freezes, while rare, are most frequently used by emerging economies, whereas guarantees on bank liabilities are more common among advanced economies,' the IMF claimed.
'Guarantees are more common among advanced economies, perhaps because of generally better institutions and access to international capital markets, rendering the announcement of guarantees more credible.'
Ireland was moved into the hands of the IMF-----and all the terms of the EUROBANK and IMF have basically made it a colonial entity of UK-----the goal the UK wanted before the Clinton peace talks.
Meanwhile, the Irish citizens like the Greeks are in poverty, Irish citizens are being forced to immigrate out of Ireland becoming one of the global labor pool and this is especially true for Irish young adults. At the same time as Ireland's International Economic Zone rebuilds after this 2008 crash, Ireland is now the destination of a huge immigrant influx as with Germany. SOUND FAMILIAR TO WHAT IS COMING TO THE US WITH THIS ECONOMIC CRASH? YOU BETCHA.
The US is staged to be the SICKEST OF ALL in this coming economic crash BECAUSE THE FED/WALL STREET/OBAMA/CONGRESSIONAL POLICIES OF SUBPRIMING OUR US TREASURY AND MUNICIPAL BOND MARKET WITH FRAUD.
95% of Ireland's citizens were devastated economically---but the UK and Adams not so bad. This was asymmetric political warfare with global corporations, Wall Street, and the UK the big winners.
Gerry Adams: Sinn Fein wants a mandate for government at next General Election
Published 07/03/2015 | 21:08
Irish economy is the sickest of them all, IMF study claims
Ireland is suffering the severest recession of any advanced economy, the International Monetary Fund said in its annual health check.
By Telegraph Staff
8:58AM BST 25 Jun 2009
The country is in “the midst of an unprecedented economic correction” with losses at its banks predicted to swell to €35bn (£30bn) over the next two years.
“The stress exceeds that being faced currently by any other advanced economy and matches episodes of the most severe economic distress in post-World War II history,” the IMF said in its report.
The lender forecast that Ireland's economy would contract by 13.5pc between 2008 and 2010, and start to grow around 1pc in 2011 before it stabilizes around 2.5pc for several years.
Despite the bleak view, the fund said Ireland was taking the right steps to counter the economic and financial “shocks”. Ashoka Mody, head of the IMF mission to Ireland, said there was “absolutely no reason” to think that the country will default on its debt.
The collapse of the Irish property markets has led to mounting bad debts at Irish lenders, led by Bank of Ireland and Allied Irish Banks.
Home loans are expected to soar further over the next few years as the recession deepens and the IMF said the losses faced by the banks are equivalent to about 20pc of GDP.
Brian Lenihan, the Finance Minister, has proposed creating a "bad bank", known as the National Asset Management Agency, to buy up such loans as a step toward restoring lending and reviving the economy.
“We must ensure we have a viable banking system to protect jobs and our economy,” Mr Lenihan said after the publication of the IMF report. “The one way of doing that is to clean up the balance sheets of the banks by removing the impaired assets and returning them to normal functionality.”
The IMF expects Irish GDP to shrink a cumulative 13.5pc in the three years to 2010. It also forecast that Ireland’s budget deficit may widen to 12pc of GDP this year, four times the European Union limit and above the government’s 10.75pc projection. The state will only bring the deficit back to the EU limit in 2014, a year behind target, it said.
Ireland had its credit rating lowered to AA from AA+ this month by S&P, which cited the nation’s rising bill for propping up its banks. Fitch Ratings in April downgraded the country to AA+ from AAA.
Standard & Poor’s expects Irish house prices to fall 13pc in 2009 and a further 10pc in 2010. Prices have already dropped 20pc from their peak in early 2007 after almost quadrupling over the previous decade.
So, the Irish was told it was to seek peace in economic development and jobs-----ends in economic ruin with the IMF controlling the repayment of government debt and controlling economic policies that then see huge migration into and out of Ireland-----Irish citizens leaving----immigrants from around the world coming to the rebuilt Irish economy. The most educated leave as no jobs for them.
This is the mirror of US today-----and this was the goal of Wall Street/FED/Obama/our Congressional pols in both parties for taking the US to third world International Economic Zone colonial entity----
This is how the 1% Wall Street global pols take the developed Western nations to developed nation International Economic Zone and the citizens pushed into the global labor pool.
A new great Irish emigration, this time of the educated
Unlike its mass migrations in centuries past, Ireland is seeing its educated youth leaving the country in droves for better opportunities abroad.
By Jason Walsh, Correspondent March 15, 2014
Dublin, Ireland — During Ireland’s two-decade economic boom, the so-called Celtic Tiger, young people were referred to as "tiger cubs."
Now, amid Ireland's sixth year of financial crisis following the 2008 economic crash, you don't hear the term much any more.
Since 2008, 400,000 people have left Irish shores, from a population of just over 4.5 million. Almost 250 leave the country every day, prompting many to ask if Ireland has returned to old habits. Is the Emerald Isle once again exporting its population?
Immigrating from a growing Ireland
Ireland’s recession – the prime mover of the population shift – is something of a paradox.
Walk the streets of the capital city Dublin and the busy shops, pubs, and restaurants look much the same as they did during the fat years. But outlying towns, even ones relatively close to the city, tell a different story, with shops boarded up and local sports organizations struggling to field teams. Almost 100,000 mortgages are underwater, yet widespread foreclosures have not yet occurred.
The story with emigration is no less contradictory. Despite the mass emigration, Ireland’s population continues to grow. According to recent figures from the government’s Central Statistics Office (CSO), the Irish population grew by 7,700 between April 2012 and 2013. Ireland has experienced the third largest population increase in the European Union since 2002.
New births and continued inward migration, primarily from central and eastern Europe, explain the anomaly. In the same period, births outstripped deaths by more than double: 70,500 versus 29,700. Some 89,000 people left Ireland, while 55,000 arrived. For the first time since 1987, there are now more than a million people under 14.
Some recent arrivals to Ireland are leaving, but the CSO says “net outward migration [of Irish citizens] is estimated to have increased significantly” while “that of non-Irish nationals is estimated to have changed from net outward to net inward.”
Unlike previous rounds of mass emigration from Ireland – in the nineteenth century, the 1950s, and the 1980s – those leaving are not indigent and unskilled. This is not a tale of coffin ships crossing the Atlantic or horny-handed laborers shipping out to London or Liverpool. Today’s migrants are as often as not college graduates: architects, engineers, designers, and other young professionals.
Alan Barrett, head of economic analysis at the Economic and Social Research Institute think tank, says that “a lot of the out-migration is of the most skilled and most able.” He adds that the population outflow is large, both by international and Irish historical standards.
“It’s a back-to-the-future situation. It’s very, very significant and the age distribution is interesting. We discovered of people aged 50 and over, five percent of their kids had emigrated. The average age was 28,” he says.
Top destinations are Britain, Canada, New Zealand, and Australia, but America remains a perennial favorite with some 20,000 Irish arriving between April 2012 and 2013. Official US immigration figures note 1,171 Irish people with "extraordinary abilities or achievements" as well as 1,259 athletes, artists, and entertainers being awarded green cards, hinting at a potential brain drain.
A study performed by University College Cork (UCC), published last September, found that rural areas have been disproportionately affected and that those leaving are more likely to have a university qualification than the general population.
The loss of skilled workers is already troubling employers but IBEC, the Irish Business and Employers Confederation, says difficulties finding qualified employees are limited to certain sectors.
“There are specific skill shortages in niche areas, such as [information and communications technology], where there’s been a global demand, and high-end manufacturing, particularly around bio-pharma and medical devices“, says Tony Donohoe, head of education policy at IBEC.
Will they come back?
Mr. Donohoe says he expects Irish migration patterns to return to normal soon enough. “We’ve seen 58,000 jobs created here in the last year, so we expect to see the migration flow stop. The people who left in the 1980s and came back in the 1990s drove the Celtic Tiger.”
But economist Constantin Gurdgiev paints a gloomier picture. “We are facing a classic brain drain,” he says. Even jobs in the coveted multinational sector offer little opportunity for career progression, he says.
“This basically means that selection biases are working to incentivize exits not by only more skilled or better educated, but also by those who have higher aptitude towards work, who are willing to invest in their careers over the life cycle, rather than just to settle for a token job.”
The feeling among young people is similarly grim. A protest movement of students and recent graduates called We’re Not Leaving has been holding demonstrations and public meetings, and the National Youth Council of Ireland (NYCI), which represents Irish youth organizations, has expressed concern at the emigration rate.
NYCI research also indicates that today’s emigrants may not become the backbone of any future economic recovery: “82 percent of those we surveyed wanted to return, but only 22 percent thought it was likely,” says senior researcher Marie-Claire McAleer. “We can’t take return emigration for granted.”
IT IS ASYMMETRIC WARFARE WHEN THE NATIONAL MEDIA AND NGOS ARE TELLING THE AMERICAN PEOPLE THE US ECONOMY IS HUMMING----JOBS ARE BEING CREATED----WHEN NONE OF THAT WAS TRUE.
That is how the 1%-----the smaller opponent brings down the 99% larger opponent and they could not without their 5% and global NGOs and their corporate non-profits posing progressive on labor and justice!
Obama appointed a Maryland citizen to the FED a few years ago------Raskins of Montgomery County---when she has not said a word about all of these bad FED/Wall Street global bond leverage subpriming. She just says---oh, the FED will tweek this----the FED will tweek that----while Cindy Walsh was shouting in 2010 all these Wall Street/FED bond policies were a conspiracy to defraud the American people. I am no rocket scientist -----I simply follow economic public policy and knew in 2010 this would occur and I tied it to the Presidential election cycle because that is when the FED has all its economic crashes. I SHOULD HAVE BEEN APPOINTED TO THE FED!
The American people needed to have strong Mayoral pols in US cities deemed International Economic Zones who would hold off this IMF/Wall Street attack but as we see across the nation----election frauds at both the Presidential and Mayoral elections are occurring throughout. You can bet the fix was in for those elected to Baltimore City Hall ----those ready to hand Baltimore over to this IMF/WALL STREET BALTIMORE MASTER PLAN OF INTERNATIONAL ECONOMIC ZONE POLICY WITH GLOBAL CORPORATE CAMPUSES AND GLOBAL FACTORIES OPERATING IN THE US AS THEY DO OVERSEAS.
Now, the 1% could not have pulled this off without its global NGOs and 5% working for the 1% keeping citizens busy with police brutality, closing public schools, fraud and corruption in city hall---and SOCIAL BENEFIT NGOs focused on job training, global labor pools, and an endless rotation of AmeriCorp/VISTAs/non-profits NEVER MENTIONING ANY OF THIS.
I did communicate with every Baltimore media outlet these several years trying to get them to report on the bond market fraud but NONE OF THE MEDIA WOULD---this same thing occurred at the time of the 2008 crash when everyone following economic policy KNEW THEN the crash was coming. The media are tied to making sure main street gets caught in all these Wall Street frauds losing the most each time. They know it-----they do not report it. Any REAL left-leaning non-profit would have been shouting these few years.
Keep in mind-----those Clinton Wall Street global corporate neo-liberal posers-----feeling the pain of the 99%----like Paul Krugman the neo-liberal economist touting Obama's economic policies as good as he did just before the 2008 economic crash-----Robert Reich the Clinton Labor Secretary feeling our pain shouting policy changes-----Elizabeth Warren outraged over Wall Street and its unaccountability in national media telling us she is our populist leader----NONE OF THESE PEOPLE MENTIONED ANY OF THESE INTERNATIONAL ECONOMIC ZONE/FED BOND POLICY/ GLOBAL LABOR POOL CONCERNS .
Asymmetric warfare centers on keeping the population uninformed.
IMF warns of rising financial market risks
The International Monetary Fund (IMF) has urged world leaders to do more to ensure global financial stability amid slowing growth, weak commodity prices and worries about China's economy.
In its latest Global Financial Stability Report released in Washington on Wednesday, the IMF stated that risks to the global financial system had risen since its last report in October because market turmoil could easily recur and intensify if no action was taken to clean up bank balance sheets, particularly in China and Europe.
"If the growth and inflation outlooks degrade further, the risk of a loss of confidence would rise. In such circumstances, recurrent bouts of financial volatility could interact with balance sheet vulnerabilities," the IMF said in the report.
"Risk premiums could rise and financial conditions could tighten, creating a pernicious feedback loop of weak growth, low inflation and rising debt burdens," it added.
The report came as finance ministers and central bankers from around the world are convening in Washington this week for the spring meetings of the IMF, the World Bank and Group of 20 finance ministers and central bank governors.
The report complements the IMF's gloomy World Economic Outlook publication released on Tuesday, in which the crisis lender cut its growth forecasts for the fourth time in the past year.
China bank worries
In its stability report, the IMF came to the conclusion that the recent turmoil in global financial markets - which hit especially Chinese stocks at the beginning of this year - was caused by investors' concerns for the growth slowdown in the world's second largest economy.
China's struggling state enterprise sector was straining bank balance sheets to the point that some $1.3 trillion (1.14 trillion euros) were at risk of default - translating into potential bank losses of approximately seven percent of the country's gross domestic product (GDP).
"This may seem like a large number, but it is manageable given China's bank and policy buffers and continued strong growth in the economy," said Jose Vinals, head of the IMF's Monetary and Capital Markets Department.
Debt overhang stifles growth
What worries the IMF more are current levels of public debt in advanced economies, and to a lesser extent in emerging nations.
It calculated that average public debt in industrialized nations has risen to over 107 percent of gross domestic product, with Japan's debt standing at almost 250 percent. Emerging market economies are better off at just under 50 percent of GDP, but their financial needs are also rising, with many of them facing sharply higher fiscal deficits than the advanced economies.
Public debt had soared in advanced economies to the highest levels since World War II as governments struggle against slow growth and deflation. Greece is a case in point because the IMF considers its debt burden as unsustainable, demanding a debt cut by its creditors.
High and rising debt levels would make it harder for governments to boost spending in support of growth, the IMF said, especially in many European countries and Japan which remained mired in economic weakness.
As a result, more countries are approaching the World Bank and the IMF for financial support. According to the World Bank loan requests have surged to levels only seen during financial crises. And most recently, the IMF was approached by Angola whose financial position has been devastated by the crash in oil prices.
Therefore, the organization urged countries with some fiscal space to spend more, while others needed to focus spending on "anything that will accelerate growth" such as infrastructure, education, business creation and research and development.
"A lasting solution to the debt overhang problem is not possible without higher medium-term growth," the IMF said.
Watch video 01:28
Much fuss around ECB’s negative interest rate
Negative interest rates crucial
In a somewhat surprising note, the IMF's report praised recent monetary policies adopted notably by the European Central Bank(ECB) and the Bank of Japan (BoJ). The two central banks have launched massive asset-buying programs and introduced negative interest rates, effectively punishing commercial banks that park money with them instead of lending it out to businesses.
The IMF stability report said negative interest rate policies were "crucial" to boosting economic growth, although they had reduced bank profit margins. Commercial banks would ultimately benefit from stronger growth and the ability to cut non-deposit funding costs, it added.
Under the IMF's worst-case scenario, global economic growth is estimated to plunge by 3.7 percent over the next five years - effectively the loss of nearly a year's worth of growth at current levels.
Therefore, it called for action by global leaders to reduce liquidity risks, clean up non-performing loan problems and reduce vulnerabilities in emerging market banks. If those risks were effectively addressed, annual growth could add 1.7 percent to baseline growth by 2018, it concluded.
The American people must adjust to the current political stance of having a government working against its citizens and this starts by educating on what the goals of the 1% Wall Street global corporations and their pols are----and to understand how they try to undermine the American people. The article below is great for seeing how to think about left-leaning asymmetric warfare and the book is good activist education!!!!!!!!!!!!!!!!!!!!!!!!
'The earliest recorded example of asymmetric warfare is contained in the Bible as the fight between David and Goliath. The story is usually cited as a triumph of the weak over the strong or the oppressed over the mighty, but in simple military terms it represents the triumph of planning and skill over brute force. In modern terms, it could be thought of as the use of ranged weapons and high maneuverability over contact weapons and armour (stone launched from sling versus thrusting spear)'.
This article is long but please glance through.
How to Be an Underdog, and Win
November 21, 2013 Issue New York Review of Books
David and Goliath: Underdogs, Misfits, and the Art of Battling Giants
by Malcolm Gladwell
Little, Brown, 305 pp., $29.00
The RAND Corporation is a think tank in Santa Monica, California, where scholars from many disciplines work for the Department of Defense, mixing academic research with practical advice concerning military problems. The experts at RAND consider themselves the brains of the military establishment. Two fat documents were among those produced at the RAND Corporation during the years of the American war in Vietnam. One was a magnum opus in six volumes with the title Oregon Trail, written by a large group of historians, many of them eminent university professors. The other was a single volume with the title Rebellion and Authority, written by two economists, Nathan Leites and Charles Wolf.
The two works were discussing the same problem, made urgent by the situation in Vietnam, of a big and powerful country fighting a weak but determined enemy. The problem was later given the name “asymmetric warfare.” The two RAND Corporation studies were both trying to elucidate the strategy of asymmetric warfare. They reached diametrically opposite conclusions.
The historians writing Oregon Trail looked in detail at a hundred examples of asymmetric wars, most of which were colonial wars with a large and wealthy imperial power fighting a group of native rebels. Examples that they examined in depth were the American war of independence, the French colonial wars in Algeria and Vietnam, and the British colonial wars in South Africa and Malaya. Their purpose was to find the general pattern of such wars, to understand why the rebels sometimes won and sometimes lost. They found that the outcome was determined more by psychological than by military factors. Most of the wars lasted between five and ten years, and they usually ended because one side or the other lost the willpower to keep on fighting.
The most important conclusion of the Oregon Trail study was that the rebels usually won if the empire spent most of its effort on military operations, but that the rebels usually lost if the empire spent most of its effort on political and social responses to grievances. It was obvious to anyone who read Oregon Trail that the American war in Vietnam was likely to be a losing proposition. Unfortunately, very few people had a chance to read it. By one of the worst abuses of the secrecy system that I ever encountered, the military authorities stamped the whole thing secret. By keeping it secret, they made sure that it had no influence on public discussion of the conduct of the war in Vietnam. I do not know whether it was later declassified. Meanwhile, Rebellion and Authority was published openly with the blessing of the Department of Defense. It has become a widely accepted guidebook for armies occupying foreign territory and dealing with insurgency.
Forty-five years later, Malcolm Gladwell has written another book about asymmetric warfare, beginning with the combat between David and Goliath recorded in chapter 17 of the first book of Samuel. He describes many examples of asymmetric conflict, in civilian life as well as in warfare. He reaches conclusions similar to those of Oregon Trail, telling stories that are now fortunately available for all of us to read. Although he had no access to Oregon Trail, he has studied Rebellion and Authority and explains why he disagrees with it. He quotes a sentence that summarizes the thinking of the economists: “Influencing popular behavior requires neither sympathy nor mysticism, but rather a better understanding of what costs and benefits the individual or the group is concerned with, and how they are calculated.” To this piece of economic wisdom, he adds the comment: “In other words, getting insurgents to behave is fundamentally a math problem.”
Gladwell goes on to describe the struggle of the British army to subdue the rebellion of the Catholic minority in Northern Ireland, as the economists would see it:
If there are riots in the streets of Belfast, it’s because the costs to rioters of burning houses and smashing windows aren’t high enough…. If you were in a position of power, you didn’t have to worry about how lawbreakers felt about what you were doing. You just had to be tough enough to make them think twice.
Gladwell’s main conclusion is that the outcome of an asymmetric conflict depends on legitimacy. The stronger side wins if it can persuade the weaker side that the authority of the stronger side is legitimate. The weaker side wins if it can maintain a firm belief that the stronger side’s behavior is illegitimate. This conclusion is expressed in different language by the authors of Oregon Trail, but the practical implications of Gladwell and Oregon Trail are the same. If the stronger side tries to crush the weaker side with physical force, the stronger side loses legitimacy; the weaker side becomes more determined to resist and usually wins. If the stronger side works hard to redress grievances, it gains legitimacy; the die-hard resisters become isolated and usually lose. The tragedies of Vietnam and Northern Ireland were to some extent a consequence of the fact that the censors gave a voice to the authors of Rebellion and Authority and silenced the authors of Oregon Trail.
Each of Gladwell’s ten chapters carries the name of an underdog. An underdog is a person who struggles with disadvantages in the game of life. Only four of them, including David, were engaged in resistance against superior physical power. The other six were overcoming obstacles in civilian pursuits. Typical of the peaceful heroes is Vivek Ranadivé, who found himself unexpectedly serving as coach of a basketball team of twelve-year-old girls in Redwood City, California. His daughter was a member of the team and persuaded him to volunteer for the job. His disadvantage was the fact that he had grown up in India playing soccer and knew nothing at all about basketball. Because of his ignorance, he trained his girls to play the game like soccer players, constantly running fast after the ball and giving the opposing team no chance to take a breath. This was quite different from the customary way of playing basketball, which has the players concentrating their attention on defending the basket rather than on running. Vivek’s team trained hard and played hard, and soon began to beat the other teams who had superior skills but inferior endurance.
Gladwell compares the Redwood City girls with Lawrence of Arabia’s team of rebellious Arab tribesmen who beat the Turkish army of occupation in 1917. He quotes Lawrence describing how his tribesmen traveled through snake-infested desert to attack the Turks in the port city of Aqaba: “Three of our men died of bites; four recovered after great fear and pain, and a swelling of the poisoned limb. Howeitat treatment was to bind up the part with snake-skin plaster, and read chapters of the Koran to the sufferer until he died.” Then Gladwell continues:
When they finally arrived at Aqaba, Lawrence’s band of several hundred warriors killed or captured twelve hundred Turks and lost only two men. The Turks simply had not thought that their opponent would be crazy enough to come at them from the desert.
The Redwood City girls beat all the other local teams and ended up playing in the national championships. In the nationals they won their first two games, but then they ran into disaster. The third game was in a town where public opinion was bitterly hostile and the referee was unfair. The referee penalized them repeatedly, declaring their style of play to be illegal, and the public was enthusiastically on the side of the referee. Vivek understood that his girls had lost their legitimacy and there was no way they could win. He told them to play the way the referee wanted them to play. As a result, they lost the game and the championship. In peace as in war, the underdog does not always win.
THIS DESCRIBES THE 1% WALL STREET AS THE UNDERDOG AS MEASURED BY SIZE OF POPULATION.
Gladwell emphasizes three inconvenient truths that make the life of underdogs difficult. First, in order to win, underdogs must be disagreeable. The strength of character that enables them to fight against heavy odds makes them insensitive to other people’s feelings. Second, they must be prepared to lie and cheat and swindle when necessary. It often happens that they can only escape from bad situations by lying and cheating and swindling. Third, they must be prepared to die for their cause. It frequently happens that they do not live to see their causes prevail.
These three truths are exemplified in several of the stories that Gladwell tells. Vivek Ranadivé is the only one of the underdog fighters who is unquestionably a nice guy, and in the end he does not win. Even David, the innocent shepherd-boy hero of the Goliath story, has his dark side. A few years after his victory, he becomes king and steals the wife of his servant Uriah the Hittite. When she gets pregnant, he arranges for Uriah to be killed in battle. When the baby dies, he refuses to mourn. “Unscrupulous” is a good word to describe underdog fighters in general and David in particular. David achieves his purpose in the end when his stolen wife gives birth to Solomon and supplies a legitimate heir for his kingdom.
Wyatt Walker is the hero of a chapter describing the battle between civil rights protesters and segregationist authorities in 1963 in the city of Birmingham, Alabama. This was a classic example of the underdog as trickster, cheating and making mischief in order to win. Wyatt Walker was second-in-command to Martin Luther King in the Southern Christian Leadership Conference. Walker organized operations on the ground while King attracted the attention of the world outside. Their strategy was based on two principles. First, provoke the enemy to violent actions that will horrify the world outside and destroy the legitimacy of the authorities. Second, never hit back. Make sure that all protests remain nonviolent and are seen by the outside world to be nonviolent.
But Walker had a problem with carrying out the strategy. He had only twenty-two protesters, and it was difficult to provoke the authorities or to attract worldwide attention with such a small number. He played two tricks to make a small number look big. The first trick was to announce a protest march and then delay the start until a large number of spectators came out onto the streets to watch. At that point the television cameras and reporters could not tell the difference between protesters and spectators. The newspapers on the following day reported that eleven hundred protesters had marched. The second trick was to invite all the black high school children in the city to skip school and join the parade. Many hundreds of children came, prepared with freedom signs and singing freedom songs.
After some days of increasing crowds and increasing chaos, the authorities did what Walker had intended them to do. They tried to disperse the crowd by turning high-power fire hoses and police dogs onto the children. A picture appeared on television and in newspapers all over the world, showing a vicious dog attacking a nonviolent black teenager. The teenager was in fact a spectator, not a protester, and he was not hurt. Walker said afterward, “A picture is worth a thousand words.” His strategy succeeded, and the result was the passage of the Civil Rights Act a year later, enforcing the right of blacks to vote in elections and overturning the political power of white segregationists in southern states.
To wage a long campaign of nonviolent resistance, underdog rebels need strict discipline and self-control, and they need a leader with the charisma of King. If the leadership is weak or divided, it is easy for nonviolent resistance to slide into violence and for violence to slide into terrorism. Violence means doing physical harm to wielders of power, such as soldiers or politicians. Terrorism means doing physical harm to innocent bystanders or to whole populations. As a rule, nonviolent tactics give legitimacy to resistance, and terrorist tactics give legitimacy to oppressive government. Another inconvenient truth about underdogs is that many of them are terrorists.
Asymmetric wars are usually small wars, fought between a big country and a colony or a group of rebels. But big wars may also be asymmetric. World War I and World War II were big wars, and they were both in important ways asymmetric. World War I was asymmetric if we look at it from the point of view of the man who started it, Gavrilo Princip. Princip was a Bosnian Serb, belonging to a small group of underdogs who were resisting the power of the Austro-Hungarian Empire, which ruled Bosnia. He assassinated the Archduke Franz Ferdinand and his wife Sophie when they drove through Sarajevo on June 28, 1914. To kill the archduke was an act of resistance. To kill Sophie was an act of terrorism.
Princip started the war and he won it. He achieved both of his grand objectives, the total destruction of the Austro-Hungarian Empire and the independence of the kingdom of Yugoslavia, including his homeland. He did not even pay with his life for his victory. He was first imprisoned by the Austrians and then transferred by them to a hospital where he died peacefully of tuberculosis. From the point of view of Princip, the war was a complete success, and the deaths of a few tens of millions was only collateral damage. The war was also a complete success from the point of view of another group of underdog rebels, the Bolsheviks, who took advantage of the war to achieve their aims in Russia.
World War II was asymmetric in a different way. It was started in Europe by Germany and in Asia by Japan, as a conventional war to be fought by big armies on the ground. The aim of Germany was to fight World War I over again and this time win. The aim of Japan was to complete the conquest of China without interference from the United States. The war became asymmetric because Britain and the United States were determined not to fight World War I over again. Britain and the US made the decision, before the war started, to build large bomber forces that could destroy the enemy homelands from the air.
Germany and Japan did not build strategic bomber forces. The bombing of London was done in a haphazard way by forces not designed for the purpose. The German V-1 and V-2 bombardments were too little and too late to have any substantial effects. Whether the bombing of Germany and Japan was militarily effective is still a matter of dispute. One fact that is not in dispute is that the British and American peoples supported the bombing campaigns, partly for military reasons but mainly to teach the enemy populations a lesson that they would not forget.
Both the Germans and the Japanese had fought all their earlier wars in other people’s countries, and now they would finally feel the horrors of war on their own skins. The Germans called the firebombing of their cities Terrorangriffe, terror attacks, and they were right. The British public knew that they were terror attacks and was willing to pay the price, forty thousand bomber crewmen dead.
Now, seventy years later, we can see clearly that terrorism worked. In 1945, the year when spectacular firestorms raged in Dresden and Hiroshima, something happened in Germany and Japan that was more profound than military defeat. The traditional cultures of Germany and Japan, which had been the most militaristic on earth, changed abruptly to become the most pacifistic on earth. The change was deep and lasting. Terrorism did not defeat the German and Japanese armies. The Russian and American armies did that. Terrorism did something more difficult and more permanent. It cured the German and Japanese insanities. Terrorism is shock treatment of the crudest sort, but it sometimes works when all else fails.
Gladwell’s book is not about big wars and big history. It is about individual people and their problems. In addition to those that I have mentioned, there are seven more underdogs who each has a chapter. They are real people and Gladwell brings them wonderfully to life. The book is divided into three sections. The first is called “The Advantages of Disadvantages (and the Disadvantages of Advantages).” After Vivek Ranadivé comes Teresa DeBrito, a schoolteacher who is now principal of the Shepaug Valley Middle School in Connecticut. Her problem is a shortage of kids. The Shepaug Valley has been so gentrified that families with young children can no longer afford to live there. Nearby is the elite Hotchkiss private school, where parents pay exorbitant fees to have their children taught in small classes. Teresa’s classes will soon be smaller than those at Hotchkiss. Parents and politicians think that smaller classes mean better education. But Teresa knows from her experience as a working teacher that bigger classes are usually better. One of the best classes she ever taught had twenty-nine kids.
Caroline Sacks wanted to become a scientist and had a talent for it, but was turned off because she was accepted by a highly competitive Ivy League university. She had the choice of enrolling at the mass-market University of Maryland or at the top-of-the-line Brown University. She says that if she had gone to Maryland she would still be in science. Instead of what? The author is careful not to tell us what Caroline Sacks is doing instead of science. Gladwell interweaves her story with the French Impressionist painters who were not turned off when they were rejected at the Paris Salon exhibition in 1873. The Impressionists held their own exhibition in a set of small rooms on the Boulevard des Capucines, and from there they changed the way the whole world thinks about painting. The moral of these stories is: things that appear to be disadvantages often turn out to be advantages, and vice versa.
The middle section is called “The Theory of Desirable Difficulty.” It begins with David Boies, who is an underdog because he is dyslexic. He struggled through high school and then enjoyed life as a construction worker. Building houses did not require reading. Now he is a famous trial lawyer in California. He says he is a good trial lawyer because he listens. His dyslexia is an advantage because he trained himself to learn everything by listening. He listens to the opposing lawyers and to the witnesses in trials and remembers every word they say. Remembering every word gives him the upper hand.
Emil Freireich had a horrible childhood in extreme poverty in Chicago. During his career as a doctor he was fired seven times for bad behavior. But he devoted his life to finding a cure for childhood leukemia. Leukemia was then a leading cause of death in children. The leukemia ward was a gruesome place soaked in blood, with children in terminal stages bleeding to death. Freireich worked there for twenty years, and is largely responsible for the fact that childhood leukemia is now a curable disease. To find the cure and prove that it worked, he had to inflict pain on a lot of children, breaking rules and antagonizing his colleagues. To be tough helped. Freilich said to Gladwell, “I was never depressed. I never sat with a parent and cried about a child dying…. As a doctor, you swear to give people hope. That’s your job.”
The last section is called “The Limits of Power,” and begins with Rosemary Lawlor, who was a young mother in Belfast when the Troubles began in 1969. The British army imposed a curfew on the Lower Falls area of Belfast, and the people there were running out of food. An army of mothers, pushing prams filled with bread and milk, broke the curfew. Rosemary describes how it happened. “We got the hair pulled out of us. The Brits just grabbed us, threw us up against the walls. Oh, aye! They beat us, like.” And then the tide turned. “Once all the people started coming out of their houses, the Brits lost control…. The Brits gave up…. We forced and we forced—until we got in, and we got in and we broke the curfew…. We did it.”
The next underdog is Wilma Derksen of Winnipeg in Canada, mother of a thirteen-year-old daughter who was raped and murdered. Wilma is a Mennonite, raised in a community that practices nonviolence and forgiveness. Twenty years later, the murderer was found and brought to trial. She had to meet him face to face. “I’m not a saint,” she said to Gladwell. “I’m not always forgiving. It’s the last thing you want to do.” But she found the strength to forgive.
The final chapter belongs to André Trocmé, the pastor of the village Le-Chambon-sur-Lignon, which saved the lives of hundreds of Jewish refugees in France under the German occupation. One of the Jews saved was Pierre Sauvage, who was born in the village during the war. He later became a film producer in Hollywood and made a famous documentary film, Weapons of the Spirit, with some of the original villagers on screen, describing how the saving of Jews came about. The villagers were ordinary people, living lives of hardship and doing what they thought was right. Gladwell concludes: “It was not the privileged and the fortunate who took in the Jews in France. It was the marginal and the damaged, which should remind us that there are real limits to what evil and misfortune can accomplish.” Trocmé was marginal and damaged. He saved the Jews in the village but lost his son. He wrote afterward: “I am like a decapitated pine. Pine trees do not regenerate their tops. They stay twisted, crippled.”
You can see how successful Wall Street and global corporate pols have been in moving the US to third world status making way to installing US International Economic Zones when an article written in Pakistan mirrors the US.
Would these elected officials stay in office if WE THE PEOPLE OCCUPIED THEIR EVERY MOMENT? Of course not. In Baltimore we have yet to get up a good few hour protest and THAT is why pols stay in office. But then----that is what the Wall Street Baltimore Development 'justice' organizations have as a duty----to make sure citizens do not get organized and protest.
How to Get Rid of the Dirty Politicians ?
Mar 24, 2015
Our Politicians ----------------------------corrupt
When the entire chain of command is CORRUPT how can you expect the masses/people of the land to be on the right path. It is the chain of command who guides the people and not the people who guide the "Chain of Command" A basic Principle of Management. The decision comes from the Top and not from the Bottom. Those who claim "Jaisee Awam Wasay Hakim" are absolutely wrong. Who are the Decision Making Authorities in the state, not the people but the above mentioned "Corrupt Bandwagon". What Pakistan is facing today is the responsibility of the above named group of crooks......
The best example I can quote is the rise of Islam (we being an Islamic State must follow it) The Chain of Command comes from the God (Allah-swt) through Gabriel (a.s) to Muhammad (pbuh) the Executor and they all guided the people/humanity and showed the path of righteousness. Charity begins from home and that is why Muhammad (peace be upon him) started preaching Islam from home, then to the near and dear ones, then to friends moving onward to friend of friends and then to general public. We did have a very solid and tested solution of managing our current days' problems but we need to eradicate the "Giant of Corruption" from all the departments first. Need to start the process from the top as the history has revealed that all corruption and conspiracy hives are always at the top.
So, be in your senses, M/s Corruption Group and stop shifting the blame to the brave people of Pakistan you all need to wash and sterilize your dirty minds first.