Asian Economic Crisis

Wisdom Based Empowerment Communications

- with Darrell Udelhoven - ©1997-2006

The Real Political Issues are the Issues the Corporate Media Seldom Cover
Publisher of the Series - The Real Political Issues & People Empowerment


The Supreme Importance of Reforming Global and National - Investment, finance, and Economic Policy Making

Over 6 billion human beings are wholly reliant on a "justice based" global: investment, finance, and economic policy regulatory system. What we must have is: "a mutually beneficial and prospering public purpose in our national and global investment, finance, and economic policy making." We don't need policies that further empower Transnational Corporations in their exploitation of the homeland economies of countries and their peoples -- who are thereby rendered powerless to respond!

How long can this imbalanced economic policy paradigm continue to escalate before the homeland economies of the major First and Third World countries crumble?

The flood of over exuberant over investment by thousands of global corporations has resulted in the overbuilding of  production and other capacities, far in excess of need; which in turn results in massive creditor losses; but of course they insist the International Monetary Fund (IMF) should bail them out.

Remember, there are some 37,000 multinational corporations, and between them they represent four fifths of all world trade and most of the foreign investments.

A Top Priority - Opportunity to Earn a Living for 6 Billion Human Beings

It is obvious we should work with the universal laws of balance and equity in all relationships that lead to mutual economic prosperity. A clean environment is a key part of this sustainable balance!  Existing global agreements violate all the laws of equity of economic opportunity and mutual broad based worldwide "human economic unit" prosperity. Thus, leaving no economic opportunity to earn a livelihood for billions of our World's Citizens.

Asian Economic Crisis - Result of Exploitive Global Corporate Investment Craze

In the new world order economy there are 37,000 global operating corporations and between them they represent four fifths of all world trade, and most of the foreign investments. These global operating corporations represent two thirds of the world's economy! They are also the initiators and promulgators of nearly all of the global investment, finance, and trade policy agreements. Many of which are conducted in secrecy. The only real global competition is between those 37,000 multinational operating corporations. The homeland operating economies of countries have no way to compete against the huge regulatory and production costs differentials between First and Third World countries. This has resulted in global economic crises' in many communities worldwide. The actual costs of these horrific injustices, were it accurately computed, would be staggering. Transferring or exporting a countries core wealth producing manufacturing industries and their wealth producing jobs to the least regulated and cheapest production cost countries in the world will eventually devastate the local homeland economies. These agreements allow these corporations to be big time winners by exploiting, in every conceivable way, the homeland economies of both the developing and developed countries.

Seminal Issue: Funding of the IMF

How should the IMF be funded and why. Tax payers were forced to pay for the S&L losses. The line should have been drawn in the sand. The investment banks and the corporate exploitive speculators are responsible for these irresponsible investments not the citizen tax payers of America and the rest of the world. Therefore, the responsible institutions should be held responsible for their exploitive ventures and not the victims of such outrageously greedy strategies. These exploitive speculators have made billions over the years; even perhaps over a trillion. Leading economist say, that if we were to tax all financial transactions of these types at the rate of one fifth of one percent it would raise 20 to 30 billion a year in the United States alone, and perhaps over 100 billion worldwide. It is time the victimizers of the homeland economies at least fund and pay for their own investment and lending blunders! Come on folks, wake up and start marching and petitioning across America and the World! Let us act before it is too late!

The Corporate political coalition cry is: bail us out; further deregulate us; eliminate all tariffs; advance free trade; much more of the same please, or we can not succeed!

We are beginning to hear short news clips about the real economic consequences of this genuinely flawed global and Asian economic policy system. You won't hear the press questioning the validity of these investment, finance, and trade policies; we dare not question the gross lack of  just moral standards and the total inequities of nearly all existing global economic policies.

The Silence in the Press has been Deafening

The total lack of, on-going exposé journalism, is a facilitating element toward the furtherance of these massive debacles; because, the press should have been outlining, defining, and comprehensively reporting  on the economic damages that are being perpetuated by existing, horribly exploitive, global economic policy making.
 
In Conclusion
The extreme exploitive nature of the multiple thousands of Transnational Corporations has resulted in massive global economic imbalances and instabilities in the countries they invest in, to exploit. Now, they want the International Monetary Fund (IMF), to bail them out with more of your tax money. Remember the Savings and Loan debacle that we tax payers bailed out! We could use intelligent regulatory controls to stop exploitive foreign investments, unfair finance, and unjustly manipulated, non-competitive, trade advantages. However, the new corporate initiated trade and investment agreements multiply these non-competitive advantages that will continue to result in the failure of financial institutions and the economies of countless countries!

I have always stated that we should develop economic policies that result in the strengthening of local economies toward optimal self sustain ability and independence from the economies of other countries. I am for investment, finance, trade, and economic policies that protect and promote sustainable, and stable economic development and growth within and between all countries, to the mutual benefit of all peoples in every country worldwide. We should also reduce, to every extent possible, our dependence on transnational corporations for our economic viability because their policies and practices are predicated on advancing their own selfish interests and will eventually destroy the general homeland economies of countries. This will in time  threatening their national security, and destroy the ability of their people to earn decent livelihoods! This exploitive policy is truly a formula for a multiplicity of internal revolutions and wars of a major magnitude worldwide.

Watch & listen to the crisis in progress on CNN, C-Span and other news sources. Corporations and their investors won, but countries and their homeland peoples lost; eventually, corporations and their investors will lose as well! As soon as I have time I will outline global and national economic policies that will result in sustainable, secure, and mutually prosperous economies of countries worldwide. These policies result in balance and equity within countries and between countries. Stay  tuned!
 

Some Policy Arenas I Will Be Covering On This and other Pages

  • The Devaluation of Currencies to gain Trade & Investment Advantages
  • Finance: Establishing Prioritized Lending Policies and Practices
  • A righteous or just purposed revision of all major economic policies; National and Global
  • The television documentary productions it will take to re-educate and inform the public regarding

  • the making of long term sustainable national and global investment, finance, and economic and environmental policy making
  • An overview of the tie in of all of the above with the necessity of a standard of democratic access to broadcasting airtime for small business operators, family farmers, and labor. 
  • THE REAL POLITICAL ISSUES - MY HOME PAGE

Wisdom Based Empowerment Communications