Saturday, March 28, 2015

Nomi Prins: Presidents, Bankers, the Neo Cold War and the World Bank

Nomi Prins has a new blog article out that digs back into history to trace the connection between the influence of the big international banks and US foreign policy. Nomi does a great job of providing some historical background to show why things are happening the way they are today. Below are the introductory paragraphs of the article. Just click here to read the full article.


"At first glance, the neo-Cold War between the US and its post WWII European Allies vs. Russia over the Ukraine, and the stonewalling of Greece by the Troika might appear to have little in common. Yet both are manifestations of a political-military-financial power play that began during the first Cold War. Behind the bravado of today’s sanctions and austerity measures lies the decision-making alliance that private bankers enjoy in conjunction with government and multinational entries like NATO and the World Bank.
It is President Obama’s foreign policy to back the Ukraine against Russia; in 1958, it was the Eisenhower Doctrine that protected Lebanon from a Soviet threat. For President Truman, the Marshall Plan arose partly to guard Greece (and other US allies) from Communism, but it also had lasting economic implications. The alignment of political leaders and key bankers was more personal back then, but the implications were similar to the present day. US military might protected its major trading partners, which in turn, did business with US banks. One power reinforced the other. Today, the ECB’s QE program funds swanky Frankfurt headquarters and prioritizes Germany's super-bank, Deutschebank and its bond investors above Greece’s future.
These actions, then and now, have roots in the American ideology of melding military, political and financial power that flourished in the haze of World War II."  . . . . .   click here to read the rest 

Added note: Nomi also has a new interview out with Max Keiser which you can view here. The interview starts at the 12:50 minute mark and they discuss the information in this new blog article.

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