GLOBAL OLIGARCHS AND THE FOOD & ENERGY PRICE HIKES

Erle Frayne Argonza

Good afternoon, Fellows on Earth!

 

As already presented by this writer/analyst in my previous notes and articles, the current state of affairs of the global economy—which featured the inflationary upswings in the food and energy sectors—have a great deal to do with the machinations of the global financiers or oligarchy.

 

Across the ideological and paradigm streams, there has been the preponderance for speculations by the same financiers and subalterns that have been the main upward driver of prices in oil and food. The very same operators were also responsible for the temporary upswing in the price of the US dollar which remains as the chief legal tender for exchanging oil.

 

Below is an article from the Executive Intelligence Review that authenticates to a large degree the positions I took so far regarding oil and food.

 

[Writ 01 July 2008, Quezon City, Manila]

LaRouche: British Are Behind Food and Energy Hyperinflation

June 22, 2008–This release was issued on June 22 by the Lyndon Larouche Political Action Committee (LPAC).

Lyndon LaRouche today forcefully denounced Prince Philip and his fellow genocidalists in the Anglo-Dutch oligarchy, for willfully promoting the food and energy hyperinflation, which threatens to kill billions of people around the globe. “You cannot understand the current hyperinflationary crisis,” LaRouche charged, “without first considering Prince Philip and the late Prince Bernhard’s stated committment to wipe out 80% of the human population, through a combination of wars, diseases and famine. If Prince Philip, and his slavish followers like Al Gore were to succeed, the population of the planet would be reduced, in the next several generations, to well-under two billion people.”

LaRouche was responding to news reports, in the past 24 hours, that the combined food and energy hyperinflation, has created a global national security crisis, threatening the survival of such leading nations as China, India, Indonesia, Malaysia, Pakistan, Zimbabwe, Morocco, and Egypt. “I warned, months ago, that the food crisis would soon emerge as the number one issue facing every government in the world,” LaRouche commented. “The combined shock of $140 a barrel oil and food hyperinflation and shortages, willfully promoted by Anglo-Dutch speculators and their oligarchical backers, has thrown the world into an immediate crisis.”

On Sunday, June 22, representatives of the world’s leading oil producing and oil consuming countries will meet in Jeddah, Saudi Arabia, to consider actions to deal with the crisis. Over 40 nations around the globe have been rocked by food riots and other protests over the hyperinflationary crisis, and the worst shocks, LaRouche warned, are coming during the immediate summer months ahead. “By the time we reach October,” LaRouche warned, “the situation will be catastrophic.”

“There are remedies, even at this late date, to deal with the energy and food hyperinflation,” LaRouche continued, “but nothing is going to work unless and until we crush the power of the British oligarchy.” LaRouche asked: “Do you really think that Saudi Arabia is going to cooperate, so long as their BAE ties to London remain intact—even if the very survival of the Saudi Royal Family is at stake?”

 

21ST CENTURY’S PLAGUE: COMMODITY SPECULATION

Erle Frayne Argonza

Speculation, more speculation!

Speculation has driven food prices up, and is now driving gas prices up as well. It is a core feature of the ‘virtual  economy’ based on predatory finance, the main game of the global financier oligarchs who are now in practical control of the world’s strategic economic sectors.

Commodity speculation is getting to be a ‘plague of the 21^st century’ as claimed by a noblesse gentlaman from Europe, Italian Economics Minister Giulio Tremonti. How to stump out this plague is the greatest challenge facing mankind right now, at a time of recession in the Northern economies, recession that threatens to intensify into a global financial meltdown.

Below is an article from the Executive Intelligence Review that sums up the plague of the century. You may as well participate in the debates on how to curb it and reverse the global trend of financial madness.

[Writ 30 June 2008, Quezon City, MetroManila]

Tremonti: Commodity Speculation Is `The Plague of the 21st Century’

June 23, 2008 (EIRNS)—Italian Economics Minister Giulio Tremonti, an outspoken advocate of convening a New Bretton Woods conference, gave a speech in front of a meeting of the Italian trade union CISL, on June 22, calling on the trade unions to join him in the fight against the real causes of oil and food price increases: “international speculation.”

According to the daily Il Messaggero, Tremonti called “surrealistic” his own government’s plan, which projects a “planned inflation” of 1.7%. The reasons for that, he said, “are two. The first one is technical, the second one is political. The first one, everybody can get by calling the ECB, which demands to set an inflation rate under 2%.” Tremonti gave the real ECB telephone number. “It is wrong to speak about inflation today. For at least the last six months, we should have been talking about speculation. International speculation was first financial speculation and in the past period, after some disasters, focussed on commodities, starting with oil.” Therefore, either you fight a local battle, with old methods and old perspectives, or you fight a global fight, where you fight Public Enemy Number One: speculation.

“Speculation is the plague of this century, a specter that we knew would come, but not in this way and not so fast. Inflation can no longer be explained with the simple laws of supply and demand,” Tremonti continued. He then attacked the left, because “in the Left camp, there are speculation managers who have been accustomed to smoke cigars and sail on yachts, and therefore the Left does not talk about speculation.” The head of the leftist CGIL trade union, Epifani, protested. If what Tremonti says is true, he was asked, why does the government write the draft budget plan based on those figures? The draft, demanded by the EU, “is a surrealistic document of no use,” Tremonti said.

The Anglo-Dutch financial oligarchy is realizing that Tremonti is becoming more and more of a threat. That might be the reason why the Financial Times today published a belated review of Tremonti’s book Fear and Hope, saying in its headline, “Tremonti’s Best-seller on Fear Strikes Chord.” The review reports that Tremonti’s actions are gaining popularity and support in Italy, and profiles his book from its weakest sides (anti-China, fortress Europe, etc.), but it does say that he calls for “a new, far-reaching Bretton Woods system,” for “a strong state” and “deplores the left-wing protest movements of 1968.”

 

OLIGARCHIC CRIMES GO UNPUNISHED: LOPEZES OF MANILA

Erle Frayne  Argonza

Oligarchic crimes go unpunished. This is the true, said, Dostoevskian situation of the ‘morality grid’ of the planet. The oligarchs who may possess a ‘bleeding- heart’ psyche, if ever, are too few in numbers.  

Moral philosophies including the new-hype Corporate Social Responsibility or CSR are only mere ideological trappings in the oligarchic games. Take off these trappings and you have the real score: demonic greed, manipulative control of humans, conceit, and every corporate Machiavellianism one can think of. Those genuine Light-centered, Spirit-filled CSR philantrophists are still undergoing construction or breeding.

Take the case of Manila’s Lopez family that owns the MERALCO, the gigantic utility firm that is into both power generation and distribution. As found out by fact-finding investigations, the MERALCO has been looting the consumers by passing on to them the costs of both power generation and distribution, through price increases in monthly bills.

The Supreme Court later took such facts as basis for arriving at a decision that ordered the MERALCO to return to the consumers the unjust price increases imposed on the bills. Public interest groups took the cudgels for the consumers, thanks to a dynamic civil society here that includes lawyers’ and consumers’ groups.

True, MERALCO obliged, and gradually returned the funds stolen from the people’s pockets. But the question is, was there any member of the Lopez family or the MERALCO executives who was ever jailed at all for the crime? None!

Now the MERALCO looting is coming out in the open, and there’s the reportage of the gentleman, Mr. Garcia, chair of the state pension fund GSIS (which partly owns MERALCO), about an amount of P500 Million in power generation costs that were supposedly passed on by the Lopez firm to the consumers. The issue is now raging here.

What I forecast is that the divestment of Lopezes from MERALCO and the full entry of GSIS as new majority stocks owners will be ensued. That just the same no one among the Lopezes or MERALCO executives will go to jail. That the Lopezes will even gain money from the ‘sweetheart deal’ (worth $1.25 Billion) that is being negotiated with the GSIS for the MERALCO purchase.

This same narrative goes on everywhere in the planet, everywhere! Save for the Enron scandal that ended with certain oligarchic execs going to jail, criminal oligarchs go unpunished.

Oligarchs are above the Law. They are Olympians, sons and daughters of Zeus, beyond litigation and punishment.  

[Writ 13 May 2008, Quezon City, Manila]