Healthy Money Healthy Planet - library.uniteddiversity.coop

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result, the FTAA has the power to destroy local economies, depress wages and
impoverish millions. The agreement, entrenched in international law, annuls or
invalidates national laws. As the US dollar has been imposed on Ecuador,
Argentina, Panama, El Salvador and Guatemala, the FTAA is essentially an
economic conquest by the US to form an empire embracing the entire
continent. 9
Increasing trade is to reduce indebtedness says that since every nation allows
banks to create the bulk of their money supply parallel with debt, it is no
surprise that all nations are in debt. This debt is mostly to the commercial
banks and lending institutions of the world. In 1998 he said: It is normal and
beneficial to trade in goods, but it makes no sense to trade in identical goods –
furniture, clothing, cars, matches, toys, strawberries, wine, apples, cooking
utensils and pencils.
Who’s in Charge?
In 1991 I spent some time studying the interlocking directorships of companies
in this country, and discovered that just 40 or so people ruled corporate New
Zealand. They were the directors of companies involved in liquor, food and
vehicle sales; in the media and telecommunications; in electricity and
aluminium production; and in merchant banking, transport, and insurance.
Two or three tax lawyers from big law firms appeared on several key boards,
and the most powerful players also appeared to be directors of banks.
I began to sense that big companies don’t have to lobby government. In a way,
they are the government – the government in the shadows. In effect,
government has to go to the corporations, not vice versa.