Bolivia Asserts Economic Independence, Rejects Rothschild Banks

November 18th, 2016

By Whitney Webb Whitney Webb @_whitneywebb

Bolivian President Evo Morales. Photo: AP Photo/Felipe Dana

The International Monetary Fund (IMF) and US-dominated World Bank have been major players in the global economic landscape ever since their creation in 1944.These international banking organizations, which are privately controlled by the notorious Rothschild banking family, first pressure nations to deregulate their financial sector, allowing private banks to loot their economies.

Once the governments are forced to bail-out their deregulated financial sector, the IMF or World Bank sets up a loan package written in secret by central bankers and finance ministers that undermine their national sovereignty and force them to adopt policies of austerity that harm workers, families, and the environment.

Before Evo Morales assumed the office of president, Bolivia was suffering from the effects of IMF/World Bank-imposed austerity and privatization that exploited its people and resources. It was also South America’s poorest nation. Though the Bolivian people, through strong showings of popular resistance over a period of years, were able to stop some of the worst privatization efforts – particularly the privatization of the nation’s water supply, many of the shackles imposed by these Rothschild-controlled institutions remained.

Morales, who became Bolivia’s 80th president in 2006, was the first president to come from Bolivia’s majority indigenous Aymara population and has since focused on poverty reduction and combating the influence of the United States and multinational corporations in Bolivia. Ten years later, Morales, a Democratic socialist, has managed to transform Bolivia into the fastest growing South American economy all while maintaining a balanced budget and slashing its once-crippling government debt.

Bolivia’s newfound economic independence has now empowered Morales to reject the very same institutions that once preyed upon his country. Just a few weeks ago, Morales announced that Bolivia will no longer respond to the demands or blackmail of the United States, the World Bank, or the IMF.

During a visit to Tarija in Southern Bolivia, Morales said “Before, in order to obtain credit from the IMF, we were forced to give up a part of our country, but we have liberated ourselves economically and politically and we are no longer dependent on other countries or institutions.” Morales praised social movements and the people’s unity for the country’s ability to resist and reject privatization and foreign influence.

However, Bolivia has done much more under Morales’ leadership than ban international banking cartels from operating within it borders. Bolivia has kicked out numerous multi-corporations since Morales took office, including McDonalds and Coca Cola, while also refusing to cooperate with the US’ disastrous War on Drugs. It is also devotes 14% of its national budget to education, the second most of any country in South America.

In contrast, only 1.7% of the national budget goes to education in the US. Morales also forced foreign oil and gas companies to pay an astounding 82% of its profits to the Bolivian government, which is used to fund a variety of popular social programs benefiting the poor. Poverty in Bolivia has dropped significantly as a result. Bolivia’s transformation under Morales proves that any nation, no matter how impoverished, can throw off the shackles imposed by international bankers and return the power to the people.

This work by True Activist is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 International License.

Stories published in our Daily Digests section are chosen based on the interest of our readers. They are republished from a number of sources, and are not produced by MintPress News. The views expressed in these articles are the author’s own and do not necessarily reflect MintPress News editorial policy.

Comments

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Stansfield Smith

To say the Rothschilds control the IMF and World Bank is stupid anti-Jewish Nazi-style propaganda.
Nicole Friedrich

Bernie Sanders poses a direct threat to the status quo Corporate agenda.
Part of the corporate media agenda is to misinform and misdirect the public of what is really going on.

For this reason far too many people have no clue what is going on, and they don’t even have the ability to recognize that they don’t have a clue.

Bernie is the ONLY candidate talking about issues that the Oligarchy and Corporate Media don’t want the public to talk about, let alone even KNOW about.

—
Let’s examine one such example,
do YOU know HOW MONEY IS CREATED?
—

You should ALL know this. The step by step process of money creation is easy to understand, and should be taught in elementary school.

The fact you DON’T understand how money is created should tell you EVERYTHING about how Hillary and the Corporate and Banking elite think of YOU, and your family’s proper place in society.
To them YOU are worthless cannon fodder. Given what he has said, I suspect Trump doesn’t know how money is created.

Money creation IS THE MOST IMPORTANT ISSUE on the planet.
It is the key issue behind all wars, all poverty.
And yet the public isn’t allowed to know about it?

You need to seriously reevaluate what you think is reality.
And that includes knowing who is lying to you.
https://uploads.disquscdn.com/images/4668b8b01f8188c27ab17e88f2dbfa35abab3e27f1ea9372360d14a987553800.jpg
- Nicole Friedrich
  
  This is how the money is created (in the vast majority of country’s on the planet, including the US, Canada, England, Germany, and Australia).
  
  The first thing to recognize is that only 3% of the entire money supply is printed or coined. This printed or coined money is backed by treasury bonds. That’s a good thing.
  
  The treasury bonds are sold at market. This is where an organization like China can “own part the US” or we are “in debt to China.” But that’s ownership of a puny fraction of the 3%.
  
  How many of you were rattled when told that the US owes China so much?
  
  Why?
  ANYONE – even your aunt Millie – can buy T bonds, they are a stable investment.
  
  So 3% of the money supply is rather stable and in relatively good shape.
  
  But that is _ONLY_ 3% of the money supply.
  
  It’s the other vast 97% where Fractional Reserve banking techniques come into play, introducing fraud into the system.
  
  Here are the details of money creation in a Fractional Reserve system (used by most countries on the planet).
  
  97% of all money is created when a bank provides a loan to a person, business, or government.
  ———————————————–
  You might think that banks simply act as intermediaries, taking in the deposits of “savers” and lending them to borrowers.
  
  This is a myth.
  That myth, even though it makes perfect sense, is NOT how it works.
  
  Instead, when they make loans, banks actually create new money, ex nihilo (out of nothing). This money exists solely as blips in a computer.
  This is how the money supply is expanded.
  ———————————————–
  
  Whenever anyone gets a loan from a bank, the process goes something like this…
  1. Before signing the loan document, the money in question does not exist.
  2. Upon signing, the money is created by keystroke and placed on the bank’s books as their asset.
  3. The bank then transfers “the funds” to the person’s account.
  4. The bank then charges interest for the life of the loan.
  
  THIS IS THE SCAM. BANKS HAVE NO JUSTIFICATION FOR CHARGING INTEREST ON MONEY THEY DID NOT PREVIOUSLY OWN.
  Doing so breaks the legal requirement called CONSIDERATION.
  
  In addition, they charge interest without actually creating the money required to pay the interest. The result is that there is never enough money available to pay off all debts.
  
  5. Eventually, all the money finds its way back to the (owners of the) banks.
  
  If there were no debt, there would be no money.
  
  Only 3% of the money supply, essentially the currency or cash (money that is printed or coined) is backed by valuables, typically the country’s Treasury Bonds.
  The other 97% of money exists as blips in a computer, is backed by nothing, and gets its value by taking it from the rest of the money supply.
  .
  
  This summary Copyright N.A. Friedrich 2008
  
  .
  None are more hopelessly enslaved as those who falsely believe they are free.
  
  -Johann Wolfgang von Goethe
  
  .
  Although there are more detailed explanations, this concise 15 minute video explains the fraud.
  
  http://youtu.be/E3QLlWJ2xho
  
  .
  The source of the above information comes from the publication,
  
  MODERN MONEY MECHANICS
  
  – A Workbook on Bank Reserves and Deposit Expansion
  
  published by the US Federal Reserve Bank of Chicago.
  
  You can find a pdf download using the following link…
  
  https://en.wikisource.org/wiki/File:Modern_Money_Mechanics.pdf
  
  .
  Here’s an additional reference.
  
  Money Creation in the Modern Economy, published by the Bank of England
  
  http://www.bankofengland.co.uk/publications/Documents/quarterlybulletin/2014/qb14q102.pdf
  
  If you wish for more detail, here’s a scientific study of the money creation process currently use by all banks under the global BIS cabal.
  
  Can banks individually create money out of nothing? — The theories and the empirical evidence
  
  http://www.sciencedirect.com/science/article/pii/S1057521914001070
  
  “credit creation theory of banking”
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David Blomstrom

Wow! It’s good to know that Hugo Chavez, Fidel Castro and Muammar Gaddafi weren’t the last heroes among world leaders. I just wonder how long it will be before Jewmerica lowers the boom on Bolivia. Jewish banker Paul Singer torpedoed Argentina’s economy, and ongoing efforts to destabilize Venezuela are taking a toll. And with former Latin American ally Russia now in bed with Israel and Donald Trump, things don’t look good.
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artemis6

This is good.
Trutherator

Make peace not war. End the Fed. Foreign aid –and most of all, foreign loans– is just as Ron Paul described, robbing poor people in rich countries to give to rich people in poor countries. They are payoffs to the politicians, who then don’t have to care about growrin gthier own economies.
Jesus cares.
Doran Zeigler

Mr. Morales: Double your body guards, have someone test your food before eating, beware of black op conspiracies, and stay off of planes. Messing with the Money Lenders is the surest way to an early demise. The list is too long to detail here concerning all of the people who resisted or attacked the real rulers of the world and were sent to early graves.
Edwin Subijano

John Bolton is a naked imperialist !!! he deserves to be quartered and hung !!!
TeeJae

Way to go, Mr Morales! Now watch your back, because you’ve painted a large target on yourself for the US’s next regime change campaign (or right after it deals with Duterte).
plainsite

I also lived and worked in Bolivia, now in Colombia. I worked for one of the largest mining companies who also had to pay 90% of its profits to the govt. The thing that Morales has going for him is he is less corrupt than Chavez and other communist leaders but like other communist leaders, he scares away foreign investors becuase of their harsh, confiscatory policies. Japan is one of their biggest trading partners and they would invest huge in Bolivia if Bolivia was not such a huge risk due to their communist policies.
- TeeJae
  
  Oh that’s right. Almost forgot about the predictable socialism/communism-policies-have-destroyed-the-country propaganda trolls. Thanks for reminding us to be on the lookout for you guys, too.
  - plainsite
    
    Our mining company paid to the lowest worker 10 times the average pay of Bolivia. Before the mining co came into the remote area, the locals had not even seen a bike and rarely an auto. Now, they drive multi million dollar heavy equipment, everybody has a smart phone, electricity and running water, something that would not exist if the govt had not given the company attractive terms. Evo raised taxes/royalties to the point of choking and the mine had to lay off a lot of workers, things went backwards. Japan wanted to exploit the Salar de Uyuni and its lithium deposits but dared not, given the new, aggressive policies of Evo. He is a nice guy, I will say that for him but true blue Castronian communist. So, yes, the Castro/Chavez brand of communism is doomed to fail for the simple reason that it scares away foreign investments and expertise. Bolivia still doesn’t have the expertise to be independent and run its own show.
    - TeeJae
      
      Mining destroys the Earth, so the less it’s done the better.
      
      Foreign investment benefits ONLY the investors, while destroying countries. It robs their sovereignty, bleeds economies, and impoverishes the people. We’ve seen it time and again throughout history.
      
      Bolivia absolutely has “the expertise to be independent and run its own show.” That’s another piece of false propaganda used to justify Western imperialism.
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Amy Hummuswumman Booth

I live in Bolivia, and there are a number of inaccuracies or ambiguities here.

The water privatisation protests were about privatisation in Cochabamba, not the whole country.
The Aymara are an important indigenous group, but not a majority.
McDonalds wasn’t kicked out, it withdrew because it wasn’t making enough money. The last I heard, it was planning to re-open, starting in Santa Cruz and La Paz.
Coca-Cola is alive and well in Bolivia – they drink it all the time!
- K. Chris C.
  
  “And in breaking-news: Aymara guerrillas of Bolivia’s Cochabamba province are training terrorists, subjugating women, and destroying ancient historical sites. And just today, US authorities announced that last week an associate of the Bolivian guerrilla leader, Quispe, was found wandering around NYC with a backpack, a map with the Empire State Building circled, subway card, and Wiphala flag. He was promptly sent to Guantanamo, where, after three days of interrogation, he revealed that he, Quispe, and Barney and friends were planning an attack on the Empire State Building.”
  
  “A State Department spokesperson stated, ‘It started with denying foreign companies government sanctioned monopolies to Bolivian water. It has now escalated into denying Americans the right to the be safe in their cities. This must be stopped before the CIA’s coca crop becomes the next target. Oops! strike that.’ Stay tuned for more as this story develops. Now back to you Chuck…”
  
  An American citizen, not US subject.
- TeeJae
  
  It was only a matter of time until the I-live-here-and-this-is-all-false propaganda trolls came crawling out of the woodwork in a sorry attempt to discredit the truth. Sorry, too many people now see through the lies for you to be effective. Best to find another line of work.
Bill Kratzer

if the signing up of subscribers is the desire here,Then, why does 2/3 of the Article reiterate what was in the attention grabber clickbait ?? and the last little bit is a sweeping statement regarding incredible taxation,, and raising standard of living for the poverty stricken. and defaulting on loans? With nothing else even said.
I give you this time, to try to get better writers, I guess I’ll endure the ads, but not the drivel..
- TeeJae
  
  You should take your own advice and become a better writer yourself.
K. Chris C.

That’s “anti-semitic.” How dare Bolivia deny the Khazarians loot and destruction?!

An American citizen, not US subject.
- Josh B Gillie
  
  that comment is anti-semitic, The Khazarian myth has been genetically proven to be false. http://www.haaretz.com/jewish/features/1.601287
  - K. Chris C.
    
    The “Hebrew University?!” Yeah, they have no motivation to lie?!
    
    The Khazars themselves seemed pretty convinced of it in at least 1906: http://www.jewishencyclopedia.com/articles/4279-chazars
    
    I think Elie Wiesel’s comments after being found out to be a scheming liar are apropos:
    “Things are not that simple, Rebbe. Some events do take place but are not true; others are, although they never occurred.”–Wiesel, Elie, “Legends of Our Time,” 1968, p. viii
    
    But then tomato, tomaato, the true judge is their “fruit,” and that tree is barren.
    
    An American citizen, not US subject.
  - Doran Zeigler
    
    Sure it has been proven false. Just ask any Zionist shill, they wouldn’t lie.
    
    Unfortunately, the cat is out of the bag. There are even studies and DNA evidence from Israeli scholars, and scientists who are confirming what the Zionist call a “theory.” History also speaks of the Khazars and their conversion to Judaism. It is too bad for the Zionists that their scam is falling apart, even from within. No anti-Semitism there, but I guess the Zionist propagandists can always resort to the “Self-Hating Jew” meme.
    - K. Chris C.
      
      Based on its modern use (abuse), “Anti-semitism” now means “Too close to the truth.”
      
      Much like what has happened to the term “racist.”
      
      “To learn who rules over you, simply find out who Google and Facebook will not permit you to criticize.”
      
      An American citizen, not US subject.
Marcos_Brazil

A bunch of LIES.
Morales is a corrupt dictator involved in many scandals. Bolivia has been destroyed and people are starving.
China and Russia are already devouring the remains.
The author is an enemy of Latin America people.
- Paxton in Astoria
  
  Somehow I don’t believe this at all. Bolivia seems to be doing well.
- TeeJae
  
  Dude, let it go. Nobody believes that crap anymore.
- Nicole Friedrich
  
  https://uploads.disquscdn.com/images/add5fd2f4e8d4df11dace0f0135bd2237a96ce0f392247348d70b8cd1f9e4ada.jpg
Mavis Vermicast

I’m taking bets on how long they take to bump him off
- TeeJae
  
  Probably right after they “deal with” Duterte.
- Doran Zeigler
  
  Right. The big question is how. We obviously can’t send troops to “liberate” the Bolivians. This is more of a job to cause internal strife and fund a make believe revolutionary group that can cause mayhem. After that, a “crisis” will erupt that demands a possible military solution by UN troops. The possibilities are endless, but it is for sure Morales is marked for resisting the world ruling cabal.
- artemis6
  
  may be Castro taught Evo how to survive the CIA…..
Jaroslav Belicka

Bravo Evo Morales.
John

Expect Boliva to receive some “democracy” from the US/UK/EU scoundrels.
- Jaroslav Belicka
  
  “democracy” yes. you can be sure in that.
GALT

You go, Evo!
Denyse

Im very happy for the people just goes to prove with a little back bone m mmuch can be done.
Vannanancy

Sounds excellent
tapatio

Bolivia will need to guard against CIA Mossad sponsored terrorist attacks and coup attempts.
- Denyse
  
  Agreed The US cant stand to see goodness anywhere.
  - tapatio
    
    Goodness isn’t profitable and does’t enhance the power of those who control America.
  - artemis6
    
    The Elites, you mean. The general public is ignorant/brainwashed.
jo6pac

My Hero for sure.

Bolivia Asserts Newfound Economic Independence, Rejects Rothschild Banks

Evo Morales announced that Bolivia will no longer respond to the demands or blackmail of the United States, the World Bank, or the IMF.

This work by True Activist is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 International License.

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