"My Globalization Template"

Critical Analysis Topic: Globalization  

PRINCIPLE:

• Refers to a process that moves goods, services, and capital across the world (Lawrence & Weber, 2011, p.125)
• Is a system that replaced the Cold War System, and like it has its owns rules and logic ( Friedman, 2000, p. ix)
• Its idea is to pull nations out of poverty through its system
• Its system is centralize banking

PRACTICE:

• It controls the wealth of the world through wars, and debt. Globalization is a creation of a banking cartel
• Some people favor globalization, because of its benefits
• Opinions vary on benefits of globalization due to not wanting centralize banking
• Benefits of globalization are increase economic productivity, reduces consumer price, gives  countries access to foreign investment funds, transfers technology, and reduces military conflict
• Globalization process is connected to the idea of centralize banking

PARTICULARS:

• Global commerce are run through international financial and trade institutions
• International and trade institutions are the World Bank(WB), the International Monetary Fund (IMF), and the World Trade Organizations
• World Bank establish in 1944 to provide loans to developing nations to build its infrastructure ( Lawrence & Weber, 2011, p. 128)
• International Monetary Fund makes currency exchange easier for nations ( Black, 2011)
• World Trade Organizations regulates trade through quotas, duties, and tariffs
• There are 79,000 transnational corporations that control 11% of worlds gross domestic product, and employ 82 million workers ( World Investment Report, 2008)
• Costs of globalization
• Job security ( BusinessWeek, 2003, pp.50-60)
• Weakens environment and labor standards ( San Jose Mercury News, 2002)
• Prevents nations from adopting policies to promote environmental, and social objectives

PERSONS:

• European Bankers Influencing Globalization: (GlobalResearch.ca, 2011)
• The Rothschild owns banks in London, Paris, and Berlin
• The Warburgs owns bank in Hamburg
• The Lazards owns the largest investment bank in Paris
• Israel Moses Seifs owns bank in Rome
• American Bankers Influencing Globalization: 
• J.P. Morgan operated from the corner of Wall Street to catered to the Astors, Vanderbilts, and Rockefellers. Their financing launced At&t, General Electric, and General Motors
• The Rockefellers owns large shares of the Federal Reserve, owned Chase Bank, and control  oil companies like Exxon Mobil, Chevron, BP Amoco, and Texaco
• The Lehmans’ owns banks in New York 

• Kuhn Loebs owned Manhattan Bank that later merged with Chase to become Chase Manhattan Bank in New York

• In the 10k filings in the SEC Bank of America, JP Morgan, Chase, Citigroup, and Wells Fargo are among the top 10 stockholders that virtually own every Fortune 500 company
• The banking families 10 banks combine control all 12 federal reserve banks
• The Rockefellers’ have been influential in globalization by providing land for Council on Foreign Relations, and United Nations

PERIOD:

• 1791 – The National Banking Act was established, and the Bank of the United States was founded with the Rothchilds being the owners
• 1811 – The National Banking Act was suppose to end that year
• 1812 –The War of 1812 delayed the renewal of the National Banking Act
• 1816 –The National Banking Act was renewed
• 1828 –Under newly elected President Andrew Jackson The National Banking Act was revoked
• 1836-Jackson refuse to renew the Act. Under Jackson was the first, and last time our national debt was at zero
• 1838-The House of Morgan controlled American Finance on Wall Street, and acted like a US central bank
• 1842-The United States plunged into a depression, because Bank of the United States President Nicholas Biddle cut off funding to United States
• 1853-The US Trust Corporation was founded
• 1861- The United States was in $100 million debt from Civil War, and President Lincoln was going to pay that off with Greenbacks
• 1863-The National Bank Act  reinstated a private US central bank, and Chase war bonds were issue
• 1879-Cornelius Vanderbilt’s Morgan financed New York Central Railroad
• 1890-House of Morgan was lending to central bank in Egypt, finance railroads in Russia, finance provincial Brazilian government bonds, and funded projects in Argentina
• 1893-House of Morgan through a recession controlled the government reserves by shipping $62 million dollars worth of Rothschild’s gold
• 1903-The Bankers Trust was establish
• 1912-The Pujo hearings was about concentration of power on Wall street
• 1913-The Federal Reserve was established
• 1922-The Council on Foreign Relations was established
• 1929-During the Great Depression companies like Goldman Sachs,Lehman, and others profited
• 1930-The Bank For International Settlements(BIS) was establish to help banks centralize
• 1933- The Glass Steagall Act was establish to put investment banking, and commercial banking as one
• 1944-The World Bank was established, and so was the International Monetary Funds
• 1945- The United Nations was established, and the international trade organization to be later called the World Trade Organization was established as well
• 1948- The Marshall Plan took place to rebuild Europe through US imports, and US dollar were deposited in Europe banks
• 1954-The Bilderberg group is establish to determine how to control the world’s wealth through globalization 
• 1957-The Eurodollar was established
• 1968-Morgan began Euro-Clear to establish Eurodollar securities
• 1973- The Trilateral Commissions established to have political, and economic dialogue
• 1994-NAFTA was established to have free trade of United States, Mexico, and Canada

PLACES:

• Concept of centralize banking began in Europe during the 13th century in the group of the Knights Templar

• They created a bond market as way to control nobles through war debt
• Gold that they looted was use to buy 9,000 castles throughout Europe stretching from Copenhagen to Damascus
• Templar’s bank branches popped up throughout Europe that charged up to 60% interest on loan
• They introduce the concept of trust accounts, and credit card system

 

• In the United States it was the house of J.P. Morgan that control America’s finances, and it acted like a central bank

PHRASES:

• Globalization can trace its roots to the 15th to 18th century when private bank houses appeared all across Europe from Copenhagen to Damascus
• Private banking cartel Rothchild gained control of England’s finances on June 18, 1850 as result of England defeating Napolean’s France
• World War 1 gave banking cartels an opportunity to set up a world body administration with “League of Nation” as a way to prevent another war. It failed
• Council on Foreign Relations was establish in NYC by British Intelligience and help from Rockafeller family
• World War 2 gave banking cartel make some more money by establishing US dollar as world currency, succeed in establishing World Bank, and International Monetary Funds
• Incremental formation of continental superstates to expand globalization takes place in
• Council of Europe was to establish European Union
• Bilderberg meeting was about creating trilateral superstate with EU, NAU, and AU
• North American Union (NAU) was established with U.S., Canada, and Mexio
• In NAU international agreements like NAFTA, and APEC was made
• Intergration of EU and NAU merges their markets into a single one
• Single market of EU and NAU will regulate 40 areas like intellectual properties, financial business takeover, and motor industry. They will also push for carbon tax

PICTURES:

PROSPECTS:

Pro-Globalization: (Lawrence & Weber, 2011, p.131)

• Increases economic productivity
• Reduces prices for consumers
• Gives developing countries access to foreign investment funds 
• Transfers technology
• Spreads democracy and freedom, and reduces military conflict
• Anti-Globalization: (Lawrence & Weber, 2011, p.134)
• Causes job insecurity
• Weakens environmental and labor standards
• Prevents nations from adopting policies

PROBLEMS:

• Unrestrained globalization benefits more multinational corporation, than poor country citizens
• Global corporations are benefiting at the expense of local enterprises
• Its causing economic collapses throughout the world
• Its another reason why unemployment is high everywhere

PERFORMANCE:

• Since 1950 the volume of world trade has increased a lot
• From 1997 to 1999 foreign investment went from $468 billion to $827 billion
• It has provided other countries with access to technology to get information to identify, and pursue economic opportunities