April 8, 2007     George Soros helps fund the Center for Economic Policy Research (CEPR) in Washington, D.C. as a tax deduction. Their main mouthorgan at CEPR, itself co founded by leftist Joseph Stiglitz who is very close to Jeffrey Sachs...whose patron saint and close pal is George Soros, remains Mark Weisbrot. Currently, Weisbrot is also a mouthorgan for Hugo Chavez and Rafael Correa. Numerous diplomats rumor that Weisbrot, abusing his U.S. tax free status, advised Hugo Chavez to speculate against U.S. currency-winter 2006- and sell off his U.S. denominated oil reserves to drive up the value of the Euro.

What is however clear is that  Hugo Chavez and his global criminal band of groupies is setting up to profit from establishing a parallel banking universe for hidden criminal financial speculators.
 
Their game is now clear: set up a Chavez Banco del Sur, no doubt to be advertised on Chavez's state owned TeleSur media conglomerate, while driving out competition viz. independent banks, and set up more of Chavez' s pet state bank in most Latin capitols. Meanwhile, Chavez and his gang insist that their development bank will help the poor. At this rate...and under the Chavez and Correa plan...the "poor" will soon define the entire populations of numerous states under their regime who are not inner politburo players.

To this, Chavez is providing an entirely new currency, complete with his own printing presses and a total lack of accountability and credibility. Chavez is giving new meaning to the expression "funny money" which he will foist on his own citizenry and add to currency trading fun. Meanwhile, Chavez's banking empire- with no rules and all the arbitrariness of an offshore hedge fund for communists ( which is precisely what the Chavez government has come to stand for today) is teaming up with every muslim money laundering and FARC washing program it can get its hands on, becoming the go to bank for terrorists, criminals and communists. Chavez's investment banking stands for raids against any U.S. position they can hit: from mini oil price hikes stemming from the Iranian-UK hostage seizure by Ahmadinejad to manipulating bond market instruments by Rafael Correa's team in February, 2007.
 
In short: these Castro-loving New Age investment bankers have no regard for transparency, accountability, integrity, actual citizen progress ( while laughingly calling themselves progressives) and seize and control all free speech and all forms of government. In short, the Chavez plan is to pretend to care about the "poor" while waging a battle to install regimes of sheer, basic lawlessness to self enrich his politburo by any means possible. This should be stopped.
 
Weisbrot attacks the IMF's faulty data to distract from the fact that the Chavez team hates the one thing that the World Bank and the IMF, under current leadership, stands for: transparency and a right to due process under law  for dispute resolution. Rather than abide by common sense rule of law, Chavez and Ecuador's Correa want us all to believe that the World Bank is corrupt and illegitimate and therefore, Correa can claim- as he does almost daily- that the World Bank is illegitimate and the Correa regime can continue with their lie that it is all right to steal from American companies such as Occidental ( nearing closer to a $5 billion theft) as long as propagandists such as Weisbrot can tell us all that the World Bank and its sister organization, the IMF are illegitimate.
 
Weisbrot looks like a man on the make to us. We know that Correa of Ecuador seeks desperately to delegitimize the multinational banking system because he has told us, commencing with his own so called doctoral thesis, that the World Bank causes harm to the poor and is illegitimate. Lying about the World Bank got Correa in trouble last year- fired in fact by the useless Palacio- and has been the hallmark of his personal politics of hatred for almost a decade, ever since his bureaucratic post as an InterAmerican Development Bank program officer in Quito, even as he performed badly then he carries his ill founded grudges today, with the World Bank-fired Joseph Stiglitz seemingly whispering in his ear in a joint hatred for the organizations that no longer adores them for dishonesty and/or failure to perform as reported.

But Stiglitz teamed with Correa last summer after many years  as obvious anti USA and anti-capitalism [whatever that means to this duo] soul mates...heralded by the U.S. embassy entree to Ecuador and feted by their Che Guevara and Noam Chomsky love festing pals at US AID Ecuador to build additional hatred for the U.S. administration and any semblance of sane political rhetoric. Today, Joseph Stiglitz, along with his pal Jeffrey Sachs ( himself a veteran of multi million Ecuadorean dollar schemes to self enrich at the behest of then President Mahuad and Ivonne a Baki) brought  down Ecuador's entire financial structure. Someone made a lot of money in Ecuador based on what Mahuad and Ivonne a Baki permitted Sachs, who like Stiglitz, is remarkably close to George Soros-himself no Junius P. Morgan and certainly no philanthropist and definitely no `statesman' as OAS chief Insulza ridiculously calls him.

Someone is making an awful lot more money abusing Ecuador's citizen-backed bonds through Correa's illegitimate abuse of bond markets and his snarky little hide and seek game of ` will he or won't he' pay his debt coupons. Insiders hold the money making capacity there too... and while we cannot hold Stiglitz and Sachs responsible for the February bond market insider manipulation/self profiteering by Correa and his team, we note that there  has been no break in relations by anyone with functional literacy and the Correa speculators. Looks like the paid protesters, brought forward by Correa and Chavez, are doing a very good job in their fake/paid support for the day jobs as rabble rousers and goons for the regime...the new banking regime which will install what is truly an evil empire if left unchecked.
 
Today we see that Correa and Chavez are setting about to establish a new investment banking house-sometimes called the Bolivarian revolution- for criminals and terrorists. Mark Weisbrot , who is also active with the U.S. democrats and their newfound pet darling Arianna Huffington and the daily KOS kids whose political diatribes eschew their patron saint Soros in elevating the politics of hatred and disinformation, want us all to think that the imperfect IMF is a political mouth organ for something nefarious or illegitimate. While we hate to have to chose between the lesser of two evils, where accountability and rule of law are concerned, we must always chose the accountable and the core of democracy...rule of law. To not do so is to make a mockery of not only democracy but of western civilization and its hundreds of hard fought years of progress.Weisbrot seems to have forgotten this even as he seems to have failed to register as a lobbyist who aids and abets the Chavez regime, thus endangering his Soros funding and his non profit tax status.

Weisbrot should in fact register as a financial or currency manipulator and banking arbitrage for his latest end runs, if accounts are to be believed. And by all appearances, Weisbrot is making more moves to set up the debasement and deterioration of the World Bank system to elevate the Chavez banking system even as he is reputed to have helped Chavez and company end run the U.S. dollar to prop up the Euro lately- as opaque and illicit as Chavez is himself. Would you buy a used car from Hugo Chavez or Rafael Correa? If not, then you must conclude that buying a used car from George Soros or Hugo Chavez and their useful lapdog  Mark Weisbrot will get you a real lemon...or midnight auto supply house makes.
 
What the IMF is- and what its function is- as a monetary fund, is to insist on the one thing that neither Chavez nor Correa want you to know: theirs is a lawless government with no checks and balances and where all state assets are manipulated by their inner team for self enrichment. It is a speculator's paradise to debase and destroy global financial and economic capacity through denial of legitimate government budgets, rejection of contract law, refusal to participate in nominal justice by controlling all forms of justice and government as well as establishment of fake monopoly money under regimes commandeering almost all speech and media. This is no perfect storm and is in no way to be tolerated.

What we do not know yet is how Ecuador's new lobbyist and attack dog against the World Bank,  Paul Reichler  of Foley, Hoag fits into the Weisbrot-Chavez-Soros sphere. We know that Reichler has been paid by the Sandanistas of Nicaragau and the self enriching criminal Haitian regime of Aristide, is today paid by the Chavez-backed regime of Rafael Correa and, like Weisbrot, to attack the World Bank arbitral system and defend the indefensible Correa position that it is just great to lie and steal billions from U.S. companies such as Occidental and claim, as Correa does, that Ecuador's relations with the World Bank- aka global financial structures- do not matter any more because the global financial systems are illegitimate...or so their disinformation campaigns mislead.

Reichler, while serving as paid legal counsel to CIP, is said to have launched the removal of a top staffer at the Center for International Policy (CIP) for  insistence that Ron Dellums and Reichler himself  performed services for taking money- lots of money- from the hapless Haitians to cover over the Aristide crimes, of which there are plenty. Reichler, it appears, plays hardball when someone stands in his way to amass large sums for lobbying to defend lawless thugs. On his watch, Reichler, seemingly in lock step with Soros's pet peeve....hating Colombia's Uribe for his principled position against narcoterrorists, has seen to it that the CIP has increased its pro-Castro, anti-Plan Colombia vitriol and its anti Bush rhetoric as Reichler racks up additional clients, the non state terrorists inside Guantanamo Bay prison. CIP, where Reichler has been chief legal counsel, is cross fertilized with numerous Soros pals and pro Castro groups, also called NGOs, and U.S. bashers as well as the funding from Soros-backed Ploughshares, among a few other notables funders.
 
Weisbrot seems to be heralding this new party line- communist party line- that regulations and rule of law matter not while playing the bait and switch game of blaming the IMF for not being rigorous enough. Rigorous accountability is the last thing on Weisbrot's client- Chavez's-mind.

Anyone who plays by the Chavez and Correa rules of non-rules and phony, deceptive budgets and accounting [or correctly called non accounting] are aiding and abetting criminals....and Islam's mullahs and the FARC. While we grasp the concept that most so called investment banks are fearful of raids by the Soros types, soon enough lawlessness will harm them, too. And governments - also afraid of Chavez's retributions and raids- whether political attacks against U.S. republicans or to Israel or to company stock holders, would do well to stand united in support of core or awful government and functional financial systems, not government of the arbitrage for money making communists and/or mullahs, also called alternative investment banking in alternative democracies.
 
The CEPR site here lists some donor names. This is not fulsome.

Venezuela-US Topics, (read it here) brings more critical light to the Weisbrot promotional piece for Chavez's efforts to harm global banking to install Chavez and Correa's global criminal banking. Weisbrot does claim that the IMF conspires against Hugo Chavez's illigitimate acts for he does. For Weisbrot to turn around and attack the IMF shows how their game is played.
 
In the USA, no one takes Weisbrot seriously as an economist except for the uneducated and political hacks in the democratic party. No one takes Sachs and Stiglitz as serious financial advisors...outside New York's Century Club of UN wanna bes for power.... but the problem soars when whole governments in Third World nations pay and pay and pay to play in this game of fiscal profligacy gone wilding. With no accountability and with all the ethical mandate of an offshore hedge fund, hapless citizens in Ecuador and Venezuela have their entire livelihoods and lives pegged not just to Chavez's new funny money but his lawless regime. And that should be a crime. But under the new house rules- called Correa and Chavez's citizen constitutions- the citizens will have no capacity for oversight, for review, utterly no due process, no right to redress, no free speech and no way out of these self imposed lawless regimes.
 
Persons of principle at the World Bank and the Inter American Development  Bank should strengthen the principled positions of the IDB's Moreno and prepare rapidly to defend legitimate banking and devleopment [ aka their jobs] against the onslaught of alternative- aka illigitimate- development banking. Lest they find themselves as offguard as the staff at the U.S. Department of State against this torrent of haters, the multilateral banks should start planning- daily- to increase their legitimacy or prepare to be overcome by those who would defend, as is the case, Aristide, Chavez, brutal, murderous communists called Sandanistas, state theft agents and market manipulators encouraged by Rafael Correa,  and muslim militants from Al Qaeda.

CEPR's Weisbrot claims that his group wants accountability. His boss, Hugo Chavez has already stiffed the U.S. Securities and Exchange Commission by refusing to file required disclosures and should profer accountable/fully transparent tender full forensic audits on his regime- his global regime of criminals. Unless and until Correa and Chavez  are fully accountable, they are not and no one should do business with them or take their criminal cartel reports seriously.
 
- Pedro Camargo and the Editors, ECrisis