Liberalism Global: Conflict, Instability and Inflation

 Said El Mansour Cherkaoui  December 13, 2022 – updated on October 9, 2023

New forms of exchange across the world have been developed in the form of liberal trade and direct transfer of value through the establishment of a direct line of exchange and the transfer of value has been accentuated in Latin America by the abolition of the slave trade and the “newly emancipated slaves” transformed into wage labor. -wages but more masses of unemployed in the cities as in the “Nightmare Fields”.

Territories and countries that remained outside the capitalist mercantile system faced first liberalism and later the direct intervention of colonial companies chartered in London and other European financial centers. Foreign debt has become the spear that crosses the shield of resistant countries to integrate the liberal flow. From India, Central Asia, China to North and South Africa and the Middle East with the “sick man of Europe”, waves and storms invaded them and first accelerated the rise of communist Soviets and into two consecutive world wars and later broke the gold exchange system and paved the way for the first clashes over money and not territories.

International trade has increased over the last hundred years. In 1870, worldwide exports accounted for less than 10% of global output. Today, the value of exported goods is close to 25%.  The global trading system has changed in many ways, including: 

• Trade volume: Trade volume has increased by 4% since 1995, when the WTO was established.
• Trade value: Trade value has increased by 6% since 1995.
• In 2021, global trade hit a record high of $28.5 trillion. 
• Services: Traded services and cross-border data flows are growing much faster than trade in goods.

Many factors have impacted global trade, including: 

• Technology: Improved transportation and communication technologies have made trade faster, cheaper, and more efficient.
• Trade policies: Reforms in trade policies have enhanced trade channels.
• Business innovations: Innovations in business have increased trade.
• Population growth: Population growth has increased trade.
• China’s reintegration: China’s reintegration into the international economy has increased trade.

The Asia Pacific region has been central to this growth, with trade volumes nearly quadrupling in the last twenty years.  Factors that drove the globalization of business include: 

• The digital revolution
• International economic integration
• Socio-cultural convergence
• Global education providers
• Cross-border political influence
• Financial liberalization
• Intense competition
• Increased international business and trade
• The need for economies of scale

All this goes back to the time when John Maynard Keynes addressed the question of monetary value during the Bretton Woods and up to the monetarists of Friedman and the Economic School of Chicago and their Avatars as technocrats-military-bureaucrats of ‘Latin America, which was relayed by the Arab boycott and the quadrupling of the price of oil followed by waves of stagflation and we have seen how this to be the stimulus to impose regimes that rely on their ideological colors, Red you are, Red you will be marginalized and do not cross the line drawn in the sand. Against this, we have “Pueblo Unido Jamas Sera Vencido” and “No Passaram”.

Populism, the defense of Western and Christian values ​​, and socio-fascism became the new popular formula fueled by the masses by the regimes that collaborated with the new form of multinationalization of capital and circulation of money.

The avalanche of credits and loans distributed like “time bombs” in Latin America and Africa by vile bankers wanting to get rid of the excess dollars circulating in the world and this at all costs and with damning conditionalities and exorbitant interest rates bordering on catastrophe for creditor countries (the new financial imperialism allies itself with neo-colonialism to give birth to subcapitalist structures around central Euro-American capitalism) and this with the help of the World Bank and the International Monetary Fund (the spoilsport twins emerging from the Bretton Woods agreements). This is what has happened since then, there is no talk of the evolution of monetary policies advocated by Europe – EEC, EC, EU and ECB, Reserve Federal Bank, and the USA,  

Dizzying inflation, stagflation, external deficits, depression, and recession combined with the brokerage and corruption of Technocrats, Bureaucrats, and their military allies took power and reduced to nothing all demands for liberation and national development based on the use of local, regional and national resources. In the part of the world outside the Soviet sphere of control, communist ideology and the policy of “containment” serve as an excuse for the elimination of all social democratic and worker representation as part of a militarization of regimes. in the countries of the South, the surge of Multinationals and the takeover and monopoly of international distribution circuits and division of labor as well as manufactured products with higher added value. Forced immigration becomes the means of drawing human resources from countries subject to such practices of dispossession and exhaustion of local natural resources.  

The Middle East is becoming the scene of international confrontations just to dominate oil exploitation and its international distribution. The seasons become popular pseudo-revolutions manipulated from the outside with even armies of mercenaries converted to a new Islamist religion that had no reason to exist other than to frighten the rest of the world and present Islam as the continual threat older than fallen communism since it dates from before the Middle Ages, the Modern Crusades are of the moment and serve as a catapult of all Western military interventions in Afghanistan, Iraq, Libya, Somalia, Syria coupled with military base installations not only in the south of all Muslim countries in Africa, the Middle East, Central Asia and even at the gates of Russia.

These military movements had also imposed with them the expansion of Western financial circuits given that the control of natural resources and the denomination of corresponding transactions and military and civil orders are all formulated in Dollars and Euros through banks, and financial centers including Swift which are centered and installed as well as controlled by occult Western financial powers with the help and support if not the guarantees of the Western chancelleries of the European States forming the central framework of the financial decision of the whole European Union, the United States of America and through private and public central banks including the World Bank, IMF, OPIC and their regionalized agencies. To cite just one example, 

Saddam Hussein was hanged and Gaddafi was executed not because they were dictators and reproductions of Hitler, but only because they wanted to distance themselves from the Murderous Dollar set up by these multinational banks who want to keep transfers under their domes international deposits and international gold deposits, while all they do is print and serve paper in exchange. If the West was truly in pursuit of the elimination of despots and dictators, we can go back to Franco, Salazar, and down to the Shah, the Presidents of South Africa, Rhodesia, the Philippines, Indonesia, Central and South America, and all these regimes which have committed genocides in North Africa, Sub-Saharan Africa, Asia and even North America.

Episodes of Political Turmoil and Transition in Latin America

The sidelining of leaders in Latin America was started by Alberto Fujimori and Ignacio Da Silva Lula who had the misfortune to become president after a civilian interim that succeeded the Military Regime installed by Castello Branco in 1964 and which lasted until the eve of the mid-seventies with the appointment and approval of the military of their civilian allies in the persons of Tancredo Neves and Jose Sarney.

He became president of the Federal Republic of Brazil after president-elect  Tancredo Neves fell ill (he underwent emergency surgery on March 14, 1985, hours before his planned inauguration, but did not die until April 1985 from complications of his disease). Originally, Sarney was to be the vice president of the Republic, which was returning to democracy for the first time since 1964 which was the beginning of military rule. To avoid a vacancy in the presidential office, provided for by the Constitution, Sarney took the oath of office on March 15, 1985, with the aim of ensuring what was then thought to be an interim period of approximately one week. The death of Neves will decide otherwise. Brazil’s three main problems are urban poverty, high inflation, and a huge foreign debt.

To fight against the hyperinflation affecting the country, José Sarney decided to implement a heterodox economic plan, like other Latin American leaders, such as Raúl Alfonsín in  Argentina (1983-1989) or  Alan García in Peru (1985-1990), wishing to embody an alternative to the recommendations of international financial organizations, such as the IMF, which advocate the adoption of neoliberal economic policies. The Sarney plan includes, among other things, the freezing of prices, the adoption of the cruzado, which replaces the cruzeiro (1 cruzado = 1000 cruzeiros), and the freezing of the exchange rates of the new currency. Initially, the plan succeeded in containing inflation, but it started again very quickly because the structural causes of hyperinflation were not combated. Sarney’s successors, starting with  Fernando Collor de Mello, will follow neoliberal policies in accordance with the recommendations of international financial organizations.

Peru, Institutional Instability

Mexican Foreign Minister Marcelo Ebrard announced Wednesday that the Pacific Alliance summit, scheduled for December 14 in Peru, has been suspended due to the motion of censure voted against its president Pedro Castillo.

“Given the latest events in Peru, it was agreed to postpone the Pacific Alliance summit which was to take place on December 14 in the city of Lima. I will keep you informed,” he said on his official Twitter profile.

Ebrard also stressed in another message on the same social network that “Mexico regrets the latest events in Peru”. “He hopes for respect for democracy and human rights for the good of this dear brother people,” he added.

The meeting of leaders of the group, which is made up of Colombia, Chile, Mexico, and Peru, was scheduled to be held November 24-25 in Mexico but was suspended because Castillo could not leave Peru as part of the investigation against him for corruption.

Mexico was to cede the pro tempore presidency it has held since 2018 and Costa Rica, Ecuador, and Honduras were to join the group, founded in 2011.

Peru: President Castilo ousted after trying to dissolve Congress

Peru’s Congress voted to remove President Pedro Castillo from office this Wednesday, December 7, 2022, and replace him with Vice President, Dina Boluarte, shortly after Castillo attempted to dissolve the legislature ahead of a planned vote to impeach him. The national ombudsman’s office called Castillo’s attempt to dissolve Congress a coup.

Lawmakers then voted 101-6 with 10 abstentions to remove Castillo from office on grounds of “permanent moral incapacity.” Shortly before the vote, Castillo announced he was installing a new emergency government and called on the next round of lawmakers to craft a new constitution. He said in a televised address that he would govern by decree in the meantime, and ordered a nighttime curfew starting Wednesday evening.

Castillo also announced he would make changes to the leadership of the judiciary, the police and the constitutional court. The head of the Peruvian army then resigned, as did four ministers, including those of foreign affairs and the economy.

Castillo took the action as his opponents in Congress moved toward a third attempt to impeach him.

The Office of the Ombudsman, an autonomous government institution, said in a statement before the congressional vote that after years of democracy, Peru is in the midst of a constitutional collapse “that can only be described as a sudden collapse. ‘State”.

The office called on Castillo to resign and surrender to judicial authorities.

“Mr. Castillo must remember that he was not only elected president of the Republic but also that the people elected representatives for public service,” the statement said. “Castillo’s actions ignore the people’s will and are invalid.”

The congressional vote called for Vice President Dina Boluarte to assume the presidency. Boluarte via Twitter rejected Castillo’s actions, saying that “this aggravates the political and institutional crisis that Peruvian society will have to overcome in strict compliance with the law.”

Changes of Presidents in Latin America and Africa are reactions to external pressure and the impact of sudden changes of allegiance and the direction of the international situation, especially in the countries of the North and Western economies.

Liberal roots of inflation and roots of recession

2022 December 25

by  Said El Mansour Cherkaoui

THE NEW VERSION OF THE THEATER PLAY LES MISERABLES FACED INFLATION IN CALIFORNIA

They were waiting for the European storm to pass over the global economy and they held interest rates until the Fed and Mrs. Lagarde decided that it was no longer possible to have and be in the position to wait and see or wait for Godot.

Unfortunately, the Fed’s first increase was a response to financial obstruction of the British economy. Still, it was met with OPEC’s decision to cut oil production, Russia’s decision to only accept rubble as a means of payment, and the decision of the Chinese to make payment only with the Yuan for all external transactions. The conglomeration of all these geo-economic actions caused the dollar to be the first higher than the euro on the international market while it also increased its vulnerability to emerging markets as it impacted more than 60% of indebted countries that are on the verge of default with Zambia, Sri Lanka, and Ghana at the forefront of full default.

First Defaulting African Economy, Zambia

In November 2020, Zambia made headlines when it became the first African country to default on its debt to foreign lenders during the COVID-19 global health crisis. While many African countries made significant progress in reducing their debt burdens in the 1990s and 2000s, in recent years countries such as Zambia, Kenya, and Mozambique have steadily taken out more and more loans to finance major infrastructure projects and public spending. In 2021, Zambia’s overall debt burden reached 123% of the country’s GDP according to the International Monetary Fund. Such a public debt burden poses a threat to long-term economic stability and impacts the delivery of services to citizens,

The recession was no longer at the periphery of Western economies, it was spreading beyond the surge in inflation of energy, raw materials, and the accessibility of basic foodstuffs by many countries.

Also, Japan has always played the role of antechamber and echo chamber for the American economy since the Reaganomics and Economic School of the Chicago Boys.

The rest of the world is in the hellish heat of inflation

Inflation that was stored like a volcano once the solid ground of all decisions made by financial and government agencies on the Western side of history, continued liberalism has erupted in flames and lava covering the rest of the world economy and the price of energy produced combined with the disruptive nature of all diseases have smoothed the way for stagflation to take up residence in the best of the best financial and economic houses that is the value of manufactured products, the value added to primary goods by the international division of technological and logistical labor and the continual decline in the value of commodities and primary goods from the south. 

The subsequent division between nations has the same line that divided the Town-Dwellers and financiers and the peasant serfs sold the land as part of the value of the land which depreciated in view of the interest charged by the Burgher-bankers to landowners. far remained cloistered in what was called the Faux-Bourg, Faubourg on the outskirts of the Center, that is to say, the Market Square of the City where monetary circulation is the main framework for commercial transactions while the Faubourg more is about barter as a method of exchange which adds more dependence to the Central Merchant Market, these are the classes which were the first investors in the next industrialization of the Bourg, first through the artisans and corporations before further separating themselves from the skills and abilities of the staff and becoming the property of the productive mechanisms which made them become the extension of massive mechanical production. a system that takes individual initiative or collaborative craft team.  

Such a separation and the abuses that resulted from it made it accepted by this new class of workers who at this period of time had only one thing but their Clog – Country Wooden Shoe / Sabot – to stop this crushing of their appropriation of theirs. labor or the product they produce. They had to throw their wooden clogs/sabots into the machine so they could take a break. A strategy that gave us the name Sabotage was the age of Sabot in reverse of the means and methods of production.

Diseases and the reduction in agricultural production added to the continual rural exodus have made the condition of the people who rely only on the strength of their arms and hands to beg for bread:

TELL THEM NOT TO THROW AWAY THE CRUST OF THE CAKE SO THEY WON’T BE HUNGRY ANYMORE

– Marie-Antoinette’s sentence distorted over time.

A long time ago, in the USA and the West where we began to specialize in the Daily Production of JEAN VALJEAN ET LES MISERABLES by our Great Victor Hugo, it was the era of “Huguenots = Huge money but you got not” in the USA.

In the United States, California, we are manufacturing a new food market robot and it is called:

A new superhero named Jean Valjean resulted from inflation and especially the price of bread as it was in the time of the miserable

The Ciabatta Bread – Baguette – Batard named Bastar is priced between 5 dollars to 8 dollars, and guess what…

Basically, the price of 35 dozen eggs is over $100, which means one egg costs $2.8571.

We invoke Hashem God and Allah when we are in difficulty, I mean apart from the troubles that despite having flour, water salt, and a hot oven, we cannot make dough and we lack wheat, Ukraine the Granary of the liberal Western Empire and Africa, as used to be North Africa – called Mauretania the Granary of the Roman Empire.

The shortage of wheat has caused so many changes of government and empire and with Ukraine, it loses the transfer of wheat to the rest of the world and with this wheat, it impacts the circulation of money and the use of the dollar for these products. So, well my brother, we have not yet come out of the mill and we are cooked before grinding the dough into disorder despite everything we have taken from Hashem, God, and Allah, and this time in contradiction to our own wishes, putting ourselves in difficulty to make bread, what new pain to wish yourself to be swallowed up in troubles and all this to resupply yourself and monetize it with wheat, with money for tomorrow, today, while waiting for Godot and being in difficulty, we eat dry bread, French toast without eggs, and as they say,

Since you can’t be a baker or like the former French Prime Minister who got into trouble with all of France or like a baker who makes balls in a bread mixer, then you can always try to be a cook

Also, as they say: if you can’t stand the heat, get out of the kitchen and let the Palos make their own bread without dirtying or burning their ovens.

Hasta la Vista Hermano and Bon Appétit. It’s not just boiling but burning inflation

In Africa, we are stocking up on Aces and we are going to starve our people to serve and feed their Gargantuan Growing Appetite which has no limits

African states feed the debtor and starve for his own appetite

in the productive, operational, and logistics infrastructure and in the upstream supply chain of raw and peripheral materials and packaging at all stages of the transfer and exchange of goods and intermediate products from source to distribution and to the direct and indirect sale of the final product.

17/12/2022

The American Way to Make Money to Fly When the Limit is the Sky

Regarding  FTX  and the Madoff analogy, here’s another one:

In 2008, #hedgefund accountants turned  a blind eye to the questionable valuations of private assets. There was a whole category of funds that showed great results with virtually no volatility – return smoothing at its finest. A  #hedgefund specializing in, for example, private loans could say: “Hey, the accountants approved it”.

Madoff was a wake-up call – in December 2008, accountants realized they could be held liable for erroneous net asset values. So they turned the screw and soon some hedge funds were forced to write down assets held at invented values.

Clearly, the accounting profession as a whole has kept its distance from  #crytpo, perhaps based on what they learned at the time. But the article below in  Bloomberg suggests that any company active in the space will be in a mad rush to understand whether the teams focused on this area have followed reasonable professional standards or, as we keep hearing, have been hit and compromised. Those who find problems will prepare cases to help regulators try to limit reputational and financial damage.

“The United States is spending an extra fraction of its defense budget to pay for American industry, which in turn arms Ukraine as it dismantles the Russian threat to Europe.” Kurt Volker.

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European Central Bank Challenged by Eurozone, Euro, Inflation and Recession

Said El Mansour Cherkaoui – Oct 3, 2022

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Tags: Africa , South America , Asia , China , International Finance , Subcapitalism , European Union

Video Title:

BRICS PLUS gives birth to a new payment system and a new currency in preparation?

Spontaneous response from Said El Mansour Cherkaoui on this subject

The issue addressed by this video and this presentation remains important for the future of the world, not only commercial, economic, political, and financial but above all on relaxation and mutual understanding as well as the common solidarity which can and must exist between people of different regions of this world.

It’s a really poor explanation and really a waste of film and time looking at nonsense. 

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