New Evidence of the World Bank’s Systematic Looting of Africa

A new World Bank report offers evidence of how much poorer Africa is becoming thanks to rampant minerals, oil and gas extraction, and – in large part – to the World Bank’s own policies.

Patrick Bond
By Patrick Bond
Zambian workers construct a $300 million copper smelter in Chingola, Zambia, Dec. 13, 2006. (AP/Joseph Schatz, File)

A brand new World Bank report, The Changing Wealth of Nations 2018, offers evidence of how much poorer Africa is becoming thanks to rampant minerals, oil and gas extraction. Yet Bank policies and practices remain oriented to enforcing foreign loan repayments and transnational corporate (TNC) profit repatriation, thus maintaining the

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The Use Of Social Movements To Maintain Economic Hegemony

Western utilization and manipulation of primitivist, conservative, and reactionary social forces in order to stop economic development is a long standing tradition and is thriving today.

Caleb T. Maupin
By Caleb T. Maupin
An opponent to Nicaragua's transoceanic canal project walks past a defaced a mural depicting national hero Augusto C. Sandino, in Juigalpa, Nicaragua, June 13, 2015, during a march against the construction of the canal. (AP/Esteban Felix)

Wall Street, London, and the Bretton Woods institutions like the World Bank, and the International Monetary Fund claim to support development and the eradication of poverty around the world. They also claim to support scientific progress and raising the global standard of living. However, often they seem to make friends and allies with very

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Saudi Arabia, UAE Pledge $100M Donation To Ivanka Trump’s Charity

The pledged donation elicited strong reaction, considering Trump’s constant criticism of the Clinton Foundation – during his presidential campaign – for accepting donations from repressive regimes such as Saudi Arabia.

teleSUR
By teleSUR
Ivanka Trump participates in a presentation ceremony of The Collar of Abdulaziz Al Saud Medal to President Donald Trump at the Royal Court Palace, Saturday, May 20, 2017, in Riyadh. (AP/Evan Vucci)

Oil-rich Saudi Arabia and the United Arab Emirates have pledged to donate a combined $100 million to an Ivanka Trump cause. The middle eastern nations are set to contribute to a World Bank fund for women entrepreneurs, which was the brainchild of Ivanka Trump. The announcement was made by World Bank President Jim Young Kim during a visit to

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Russia Preparing For Potential Removal From International Banking System

Global financial institutions like the World Bank and SWIFT can make or break the economies of entire nations due to their domination of the international banking system. Russia is making preparations in case they are ever barred from access to these institutions due to geopolitical influence from the West.

Whitney Webb
By Whitney Webb
Whether Russia’s aim in creating and implementing an alternative to SWIFT is based chiefly on protecting its own economy or not, the move further illustrates how the concentration of international power is steadily moving eastward.

MINNEAPOLIS-- In 2011, a Swiss study confirmed what many already knew or suspected: bankers run the world. The study, completed by the Swiss Federal Institute of Technology in Zurich, found that “a large portion of control flows to a small tightly-knit core of financial institutions,” essentially forming a network of global corporate control. This

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Anonymous Hits New York Stock Exchange, World Bank, The Fed, And Vatican — Total Media Blackout

The fact that global corporate media is refusing to report on these numerous high-profile attacks is indicative of the fear the 1% have of OpIcarus garnering massive public support.

MintPress News Desk
By MintPress News Desk
OpIcarus

Amidst a global media blackout of Anonymous’ ongoing worldwide attacks on the “corrupt banking cartels,” the hacking collective has now taken down some of the most prestigious institutions in global governance. OpIcarus has recently taken offline the World Bank, the New York Stock Exchange, five U.S. Federal Reserve Banks and the

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‘Empire Strikes Back’: Eric Draitser On Western Destabilization Of BRICS

‘They see [the BRICS countries] as integral to the Western-centric worldview … and they don’t want to allow any competition to emerge,’ the geopolitical analyst tells Mnar Muhawesh on ‘Behind the Headline.’

Mnar Adley
By Mnar Adley
From left: Brazil's President Dilma Rousseff , Indian Prime Minister Narendra Modi, President of Russia Vladimir Putin, President of China Xi Jinping and South African President Jacob Zuma sit during a signing ceremony at the BRICS Summit in Ufa, Russia, Thursday, July 9, 2015. Ufa is hosting BRICS (Brazil, Russia, India, China and South Africa) and SCO (Shanghai Cooperation Organisation) summits. (Sergei Ilnitsky/Pool photo via AP)

https://www.youtube.com/watch?v=OFK5-4eVkXU MINNEAPOLIS --- NATO, the International Monetary Fund, and the World Bank are all touted as global organizations, in which every member is deserving of dignity, progress and support. Yet these organizations and others like them are dominated by economic and political heavyweights in Washington,

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