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Monday, November 17, 2003

The International Financial Architecture

An American Perspective

Edward has kindly invited me to post. I thank him. I am an engineer by trade and an economist by choice. I had another subject in mind but this seemed more pressing.

I posted this snippet on MoveOn.org last night. MoveOn is one of the NGO's receiving millions of dollars by such notables as George Soros and others, for the sole purpose of defeating BushCo. I hope I can stir some interest by the candidates, as I mailed it to them as well.

The International Financial Architecture

I'd like to discuss a serious issue - The IFA. I believe we could accomplish more by bringing this subject into the platform debate more than any other subject, as this is where the neocons have us over a barrel, publicly. If we were to make this subject our own, we could gain the upper hand intellectually and marketwise - the real power. The International Financial Architecture needs major reform - Reform of the IMF, The World Bank, The WTO, The International Court - The entire Bretton Woods System, including and especially the world's 32+ tax havens. Ann Pettifor's new book, "Real World Economic Outlook" states that 7.1 million super wealthy families are net worth $26.2 Trillion dollars - that's more than half of real global GDP. Much of this money is in/booked to the tax havens. We as Democrats must understand these complex markets to truly resolve the real world and national problems, as these international institutions actually control our national destiny. We could accomplish more by our candidates bringing this into the national debate more than any other goal, as it has financial hegemony over all our desires. Without this debate being brought to the front, we are simply spinning our wheels on ice!

Common Sense
- Lloyd Gillespie, Retired Engineer/Economist (November 16, 2003; Rockland, ME)

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