Posted tagged ‘Britain’


May 3, 2011


Erle Frayne D Argonza

As the folk world regales over the marriage of Prince Williams of House of Windsor to his fiancée Catherine ‘Kate’ Middleton, grand loots take place in the financial derivatives markets across borders. The same lootings, which caused the Asian financial meltdown and recessions in the USA and Europe, are being masterminded by greedy oligarchs who are directly linked to Queen Elizabeth, world’s wealthiest woman.

Knowing inner circle truths about such crimes and maybe others led to Diana’s death—by extermination that was made to appear as accident.
Diana knew too much about the dirty engagements of the Windsor family & cronies of financiers and their underworld operators.

Remember that before Diana died, she was involved in an advocacy for the banning of land mines, an advocacy that won her accolades and praises. The land mine owners (investors) directly connect to Q.Elizabeth, and so are the few hundreds of select pals constituting a hierarchy of evil called the ‘Committee of 300’ (see John Coleman’s book Committee of 300).

I just joined the Sunday Kapihan circle in Manila in 1998 when I got unwind right away of the investigative journalistic report exposing the foul play in Diana’s death. Upon the invitation of then Education Undersecretary Butch Valdez, whose daughter was my student at De La Salle University, I was brought into the circle of brilliant minds. The same circle published the magazine Independent Review, edited by the illustrious entrepreneur & opinion columnist Herman ‘Mentong’ Laurel (owner of Goto King and Mama Rosa restaurant chains).

The Independent Review economists and analysts are allies of the US economist Lyndon LaRouche who founded the prestigious Executive Intelligence Review. One of LaRouche’s trusted analysts is Mr. Tannenbaum, who collated the information regarding Princess Diana’s mysterious death and reported the daring expose about the assassination or extermination angle of that death.

Knowing all too well the dirty operations of the Windsor family across the globe doesn’t at all render me the least sympathetic to the latest wedding. I could already see that around couples of months from now, the bride Middleton will begin to uncover incontrovertible truths about the dark nature of the family she got integrated into. The sweetest moments, eclipsed by the honeymoon, can instantly turn into a nightmare of the most dreaded proportions.

Secrecy marked the death of Diana, so much that even her own sons could have been befuddled by the rather mafia-style pledge of secrecy that went with it. But the boys of Diana were already participating in inner rituals of the family, so that it didn’t take them long to accept the significance of ‘omerta’ or code of silence. Some day the boys will grow up to become major players in the games of the global oligarchs, and they are now at the age threshold for operations of those games.

Just to share to you an example of the dirty games:

In 1992, the Quantum Group, led by George Soros, was tasked to conduct a sizzling attack versus the British pound sterling. The experience was to serve as a test case for currency attacks, and no less than Britain, home of the Windsor family, was used as the guinea pig for the operations. Within just couples of days of operations, the value of the British currency was badly pounded by brickbats of attacks, and quickly had its effects felt on the commodities trading, stock markets, and finally on other economic sectors.

The Bank of England did what it can to salve the situation by direct intervention in the market. But the volume of currency trade and the dumping of portfolio (derivatives) investments that accompanied it were simply too much for the central bank. The Bank admittedly gave up on its seemingly heroic act, while the financiers whom Soros fronted for felt happy over the gargantuan boons they received. And that was just England by the way, for there were more later attacks to come, such as the ‘Asian flu’ of 1997 masterminded by the same Elizabethan operators & cronies.

[Philippines, 01 May 2011]
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September 10, 2008

Erle Frayne Argonza

Magandang umaga! Good morning from Manila!

As one can see in the title, Adam Smith’s ideas about political economy were unoriginal or copycat. So I’m going to articulate some notes about the matter. This may come as a shocker to the devotees of Smith and fanatical ideologues of liberal or free market capitalism, but it had to be accepted. This is a matter of fact, not of speculation or libel.

This note is not intended to demean Smith nor to denigrate those whose actions are copycat, far from it. Doing copycat items is among the pathways to success, this lesson is greatly stressed most specially among marketing professionals. If one cannot succeed through innovative or original ideas and practices, then take the ‘copycat way’. Network marketing had already perfected the ‘copycat way’ in fact, by way of optimizing the principle of duplication  (duplicate those presentation lines and themes before your niche customers or clients).

There are people who have this wrong notion that Smith invented liberal capitalism, and this has to be corrected. A simple knowledge of economic history will do. Having taught economic history at the Philippine’s premier university (U. Philippines) for some time, I know as a matter of fact that couples of influential writers emerged in the theoretic domain—who were focused on economic questions—before Smith appeared in the social landscape. Smith appeared when physiocracy, to which Smith properly belongs, was already making waves in France through the works of such gentlemen as Quesnay and Mirabeau.

But as one can see, Smith was a Scot, of the British Isle, and right in his own backyard there were couples of gentlemen too who wrote voluminously on the subject of political economy, from a vantage point that was already departing from the mercantilism of the previous couple of centuries. The departure concerned the sources of wealth, where the same thinkers opined that the ‘sphere of production’ had to be emphasized more than the ‘sphere of exchange’ which the mercantilists, notably Thomas Mun, discoursed on.

Some representative thinkers who preceded Smith were the following:

·        Sir William Petty (1623-87): Considered the founder of political economy. A charter member of the Royal Society.


·        John Locke, Sir Dudley North, David Hume, David Hume: Further propounded on basic principles of political economy. E.g. rent, trade, role of government.


·        Richard Cantillon: His book Essai sur la nature du commerce en general (1755) was “the most systematic statement of economic principles” (E. Roll, A History of Economic Thought).


·        Sir James Steuart: Wrote the voluminous Principles of Political Economy (1767), which was among the first textbooks in economics of that time.


·        Honore Gabriel Riqueti, Comte de Mirabeau: Enlightenment thinker, involved with the French revolution, a political moderate who opined that modernizing France better follow the US model of industrialization path. He influenced many younger physiocrates.


·        Francois Quesnay: Formally a fellow of the ‘economistes’ or ‘physiocrates’, was known for his popularization of the ‘tableau economique’ (economic table, title of his book), bringing political economy closer to empirical science.


·        Jean C.M.V. de Gournay: Another eminent fellow of the ‘physiocrates’, who collaborated with Quesnay in advancing principles of political economy.


·        Nicolas Baudeau : Wrote Introduction a la philosophie économique (1771).


·        G. F. Le Trosne: wrote De l’ordre social (1777).


·        André Morellet:  “ best known by his controversy with Galiani on the freedom of the grain trade during the Flour War” (quoted from Wikipedia).


·        Mercier Larivière and Dupont de Nemours: Also eminent members of the ‘physiocrates’.

Smith actually lived in Paris during his youthful heydays, where he stayed with the equally youthful Duke of Buccleuch circa 1764-1766. The Parisian exposure was Smith’s way of baptism into the illustrious physiocrats’ thought streams, and the rest was history.

So to my fellows in the professional world and this planet who continue to churn thoughts that Smith was the ‘originator of capitalism’, please rethink your opinions. Historical facts do not the least substantiate your thesis. Rather, what is right is that Smith brought political economy even closer to empirical science than ever, and his Wealth of Nations was a monumental effort during his time to construct a text book on the subject that was considerably a scientific material more than philosophy (ethics, metaphysics) though Smith still wrote philosophical treatises within the ambit of the methods of philosophy.

I need not belabor the point that Smith didn’t invent empiricism. Just by reflecting on the names above, one can see the names of giant figures in British empiricism (e.g Hume, Locke), who themselves took off from intellectual giants that preceded them (e.g. Francis Bacon).

So, please disabuse yourselves of Smith as ‘originator’ of anything. He never even boasted of originating anything at all. Rather, he systematized thought constructs that were already prevalent during his heyday. The purposes of his economic doctrines were already explained in some other articles writ by me.

[22 August 2008, Quezon City, MetroManila.]