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Mark Carney: Africa Will Get Rich with Carbon Offsets by Rejecting Development

Mark Carney: Africa Will Get Rich with Carbon Offsets by Rejecting Development

May 18, 2021 (EIRNS)–Speaking at “The Road to COP26: Opportunities, Challenges and the African Transition to Net-Zero” on April 22, Mark Carney spelled out his plan for mass death in Africa and the occupation of Africa by Green police — the modern version of colonial occupiers.

From Carney’s answers to a question about Africa getting funds from “carbon offsets,” he said that the “carbon offset market” will be set up by the end of the year. Africa will get rich, he said, by providing these offsets to western companies who want to buy “offsets” for their carbon emissions. Carney said he was impressed by the “incredible service that is provided by the existing national capital in Africa, and the opportunity from emissions reduction, and to grow that through reforestation.”

What does the madman mean? By not developing its resources, and by not cutting down any trees — in fact, reforesting existing agricultural lands — Africa will be paid huge sums in “carbon offsets.” So, by not developing, they will get money for “development,” remaining forever without modern infrastructure, industry, or agriculture.

Carney: “90% of demand from carbon offsets will come from advanced economies, and 90% of supply will come from the developing economies, including Africa. This is a market which could scale rapidly to $100 billion per annum.”

Of course, the “advanced economies” could not trust the ‘wogs’ to live up to their promises, so a new kind of colonial overlords will be required. Says Carney: “Of course, there must be integrity around the offsets, and a degree of permanence of these offsets, with verification and monitoring of that permanence. This is a private market, so the offsets will be bought by private companies, like Microsoft. They are not going to make these commitments unless they know that in Rwanda or other places in Africa these offsets are permanent.”

Who, one may ask, will have the responsibility to “verify and monitor” that no African country breaks it’s business-contract to not develop its resources or clear forests to build factories, farms, or new cities? The Green colonial masters will be more than willing to perform that important task.


China to U.S.: Choose Economic Development or Opium in Afghanistan

Nov. 9, 2021 (EIRNS)—China’s Global Times has some sound advice for the U.S. and its Western partners on how to best stop opium, build security, and secure political liberties in Afghanistan: help get its economy going again. 

While the West “ponders” whether to give aid to Afghanistan, China’s ambassador in Kabul was busy opening an “Afghan trade lifeline.” The ambassador arranged for a Nov. 1 air shipment of 45 tons of Afghan pine nuts from Kabul to Shanghai. There, they were quickly packed and quickly sold on-line, Global Times reporter Mu Lu wrote yesterday, in an article titled “Afghans deserve to be better off through hard work, not planting opium.” 

“How can a country achieve stability and long-term development, if its people live on drug cultivation?” Mu asked. Under the occupation and war, Afghanistan’s old infrastructure was destroyed, little new built, agriculture and animal husbandry stagnated, and Afghanistan became the world’s largest producer of opium. Washington now promises to offer humanitarian assistance, but only after freezing “nearly $9.5 billion in assets belonging to the Afghan central bank …. sow[ing] the seeds of economic collapse in Afghanistan.” 

A Middle East Studies Institute professor at Shanghai International Studies University, Liu Zhongmin, made the key point: “Afghanistan will not realize stability without the fundamental underpinnings of economic development.” If the international community would start from the perspective of development, and help Afghanistan “integrate into the outside world with its own resources and advantages, ensuring the country a foothold in its own industry, the Afghan people will have the chance to really develop their motherland with assistance from other countries.”

Mu Lu concludes: “Stable, reliable work and income are important to help Afghanistan emerge from the drug economy of the past 20 years, and to give the Afghan people the opportunity to earn their way to prosperity. It is better to teach a man to fish than to give him fish. This is the responsible way to help Afghanistan.” 

The Schiller Institute will be discussing some bold ideas for how to do this with Afghan and other representatives this week in Panel 2, “The Science of Physical Economy,” on the first day of its international conference this coming weekend. {Register today at: https://schillerinstitute.nationbuilder.com/202111_13-14_conference.}


Nigerian VP Osinbajo: “Banning Fossil Fuel Investments Would Crush Africa”

Nigerian VP Osinbajo: “Banning Fossil Fuel Investments Would Crush Africa”

Nov 8 (EIRNS)–Adding another voice to the African chorus denouncing the Green Reset– Mark Carney’s drive to “red-line” the developing world, by refusing credit for projects and even proffering pay-offs to never develop your nation– is Nigeria’s Vice President, Yemi Osinbajo. He wrote an article this Summer, that was re-posted last week during the COP26 Summit. He states that “wealthy nations” cutting investment avenues for carbon-based energy sources in Africa– especially after having profited from them for decades– “will do little to limit carbon emissions globally but much to hurt the continent’s economic prospects.”

Nigeria, a country rich in petroleum and natural gas, is being forced to deny itself the benefit of {its own} resources, Osinbajo says, because the only investments which can be financed are for (interruptible) solar and wind. “For countries such as my own, Nigeria, which is rich in natural resources but still energy poor, {the transition must not come at the expense of affordable and reliable energy} for people, cities, and industry. To the contrary, it must be inclusive, equitable, and just – which means preserving the right to sustainable development and poverty eradication, as enshrined in global treaties such as the 2015 Paris climate accord.”

The Vice President writes, “Africa’s progress could be undone by the rich world’s efforts to curb investments in all fossil fuels,” pointing out with bitter irony that, “Institutions such as the U.S. International Development Finance Corporation and the World Bank’s International Finance Corporation {were specifically created to help spur high-impact projects},” the very kind of which they are now refusing to let go forward. [emphasis added]

The fact that Osinbajo wrote this piece, titled, “The divestment delusion: Why banning fossil fuel investments would crush Africa,” over two months ago –about the time that the multinationals were beating a retreat from one of the world’s largest natural gas developments, in Mozambique– should not reduce the power of his statement, in fact just the opposite. Originally published in the August 31 issue of the Foreign Affairs, the magazine of the imperial Council on Foreign Relations, Osinbajo’s piece was republished last week by the Habari Network a publication focusing on Africa and the Caribbean. While the post therefore may not reflect the latest developments in Glasgow, the sentiment and the validity of the charges made against the “climate mafia” in the U.K., the U.S. and Western Europe continue to ring true. The Habari Network article appears here. The original article in Foreign Affairs is here.


Hyperinflationary Monetary Policy Starting to Have Serious Results

May 10 (EIRNS) – The central bankers’ “regime change” plotted at the August 2019 annual bankers’ summit – senior partner central bank and junior partner government Treasury teaming up to print vast amounts of currency and direct its spending – has been carried out since that time, and now has triggered the start of a hyperinflation.

Bloomberg’s Commodity Price Index is up 62% from April 2020 to April 2021. These are spot market prices, which means not every buyer is paying them. But, nothing like this has been seen since January 1980, at the end of the 1970s “stagflation” and when Paul Volcker as Federal Reserve chair was already crushing the economy to stop it – 10-year Treasury interest rates were then 13%, not 1.5% as now.

Wall Street and the City are very happy, so far, about this rapid inflation in various forms of producer prices, which their corporate clients are passing on to households across the world whose wage income – at best – is stagnant. At “regime change” leader BlackRock, Inc., its global head of thematic investing Evy Hambro enthused on Bloomberg Television May 8, “There’s still quite a lot of room to go. What we’re really doing is we’re testing the upper ranges of commodity markets to work out what the new price range is going to be.”
The UN Food and Agriculture Organization’s global food price index rose in April to 120.9, which represents a 30.7% increase in one year. Food inflation last reached this level in 2011. Corn wholesale prices have surged the most, averaging 142% in the past year. Otherwise, sugars and oils are rising in price most quickly. Economists will “explain” that food prices both to the farmer and at the supermarket have been deflating during most of the 21st Century. But that is not the point: A hyperinflationary policy of printing currency and avoiding productive investment has triggered a sudden and rising inflation, as EIR forecast it would last in the Fall and the EIR Alert in late Summer. This inflation is getting started, and it will not be “transitory” unless the policy is changed radically.

In the United States, the price of the median home purchase is 18% higher than one year ago. While rental inflation had fallen quite low during the pandemic (though the lowest-income renters faced the most inflation!), it is now ready to take off. Two very large rental owners, Invitation Homes and American Homes 4 Rent, are raising rents by 8-11% on all new leases and re-leases.

The April Consumer Price Index, defanged of inflation in every way Federal Reserve and Labor Department economists have been able to devise in 35 years of effort, will be published May 12. It tends to shape Americans’ “expectations” of inflation. That survey by the New York Federal Reserve Bank showed today, for example, that Americans expect home price inflation to be 5.5% in the coming year – when it is already 18% for the median home!


Afghan Authorities Set Up a Military Base in Badakhshan Province To Fight Drug Traffickers

Nov. 2 (EIRNS)—PARIS, Nov. 2, 2021 (Nouvelle Solidarité)— According to Radio Free Europe/ Radio Liberty, Taliban officials in Badakhshan Province have confirmed that they have set up a military unit to combat drug traffic. Nisar Ahmad Ahmadi, the Taliban’s deputy governor in Badakhshan, said that they had set up a military organization to provide security in Badakhshan and fight drug trafficking. He added, “The smuggling of drugs from Badakhshan cannot be ruled out, because we have a common border [with Tajikistan] and it is possible.”

In the past, says RFE/RL, there has been a similar body in the Afghan government that has worked with the Tajik authorities to combat drug trafficking. However, with the advent of the Taliban, there are no diplomatic ties between the two countries, and it is unclear whether there is any contact or cooperation between the two sides. Afghanistan’s northern border is one of the main transit routes for drugs to Russia and Europe. 

Afghanistan’s Badakhshan province, which shares a long border with Tajikistan, is one of 22 provinces in Afghanistan where opium poppy has been grown and large quantities of opium have been harvested in the past two years. This opium was processed in drug factories in the same region and turned into heroin.


Afghanistan’s Drought and Water Crisis Worsening; 2,000 Health Facilities Close

Afghanistan’s Drought and Water Crisis Are Worsening; 2,000 Health Facilities Close

Oct. 25, 2021 (EIRNS)–Afghanistan’s collapse in physical economic and agricultural production, the implosion of its health system, as well as the threat to human life, has gotten worse over the last two months. The nationwide drought is intensifying, while the West applies a tourniquet to the flow of necessary funds.

Physical economic conditions never stay in a “metastable state;” they either get better or worse.

In June of this year, then-Afghan President Ashraf Ghani officially declared a drought in Afghanistan. This was based on information from several agencies, including the International Federation of Red Cross and Red Crescent Societies (IFRC), which declared that “80% of Afghanistan is exposed to serious drought”—30% to “severe drought,” and 50% to “serious drought,” comprising 80%—and the remaining 20% part of the country was exposed to “moderate drought.”

Richard Trenchard, the UN’s Food and Agricultural Organization director for Afghanistan, stated in late September, “This is the worst drought in 35–36 years. Many public institutions which provide a safety net, have ceased to function. Farmers have very little to fall back upon.”

Farming is being destroyed. The UN reported August 25, “Some 40 percent of [Afghanistan’s] crops have been lost to drought in the second massive water shortage in three years—further heightening food insecurity.” The World Food Program already reported that 14 million people in Afghanistan are food insecure, a number that is doubtless rising.

But the shortage of water is affecting not only agriculture, but the whole economy and society, which depends on water. A 2008 report reported “that drinking water supplies reach only 23 percent of Afghanistan’s total population… The country’s total sanitation coverage [is] only 12 percent.”

Two critical infrastructural sectors expose some of the crisis.

Afghanistan has only a combined approximately 100 private and public hospitals for a nation of 40 million people, a meager amount. The nation’s health system is run through a network of 2,200 “health facilities,” about 200 of which appear to be primary health clinics; it is not clear how large the other facilities are. These 2,200 facilities are run through an institution called Sehatmandi which is administered by the World Bank through the Afghanistan Reconstruction Fund and the Afghan Ministry of Public Health. It is funded through the World Bank, the European Union, Canada and Global Financing Facilities.

When the Taliban came to power in the period of August 17–18, these funding institutions cut off money. On September 30, Alexander Matheou, the Asia Pacific director of the International Federation of Red Cross and Red Crescent Societies stated that “over 2,000 health facilities have closed.” He added that more than 20,000 health workers in the country were no longer working or were working without being paid; more than 7,000 of them are women. “People might agree to work without salaries for a few more weeks,” Matheou stated. “But once medicines run out totally, if you can’t switch on the lights, if you’ve got nothing to offer somebody who comes to your clinic, then they’ll shut the doors.”

Under intense pressure, on September 20, the Global Fund and the United Nations Development Fund signed an agreement to supply $15 million to the 2,200 health facilities. This is a drop in the bucket.

International donors pledged in October $1.2 billion to Afghanistan. But there are three roadblocks: 1) it is not clear how much of the pledged money will be really delivered; 2) it takes sometimes months for the money to get into the system; and 3) above all, the clinics are greatly inadequate, Afghanistan needs hundreds of new advanced hospitals, tens of thousands of skilled doctors and nurses, and so forth.

In the meantime, COVID is looming. Nine of Afghanistan’s 37 COVID hospitals have closed. Afghanistan has put a reported only 2.2 million COVID jabs into people; it has 1.2 million doses of vaccine waiting to be distributed, that haven’t been. They will expire by the end of the year.

This is pure and simple genocide.

As for water, Afghanistan has an annual surface water runoff water volume of 57,000 million cubic meters per year, which comes out to approximately 1,425 cubic meters/year per capita. This is insufficient, but would be a start. However, Afghanistan does not have an adequate water basin catchment system, and precipitation is not evenly distributed geographically.

In 2016, India spent $275 million to complete what is now called the “Afghan-India Friendship Dam” in Herat province on the Hari River. It will irrigate 75,000 hectares of land. But otherwise, new dam construction and broader water management hardly exists.

The U.S. is blocking more than $9 billion in Afghanistan’s central bank that belong to the Afghan people. The World Bank, IMF, and EU are blocking hundreds of millions more. (See the Schiller Institute’s demand for release of the Afghans’ funds at this link.)

These more than $10 billion, were they deposited in a fund under sovereign Afghan control, could be used to build hospitals, administer the COVID-19 vaccine; begin emergency food and water distribution; make down payments on dams and water management projects; build power stations, etc. Immediate building in Afghanistan must start.


EU Gas Shortage: What About the Netherlands?

Brussels is blaming Putin for causing gas shortage in the EU. As ridiculous as this can be, the established media and politicians trumpet this lie around. But nobody mentions that the Netherlands, once a major provider of gas to Europe, is curbing its production right now.

The Dutch government had decided to shut down the Groningen gas field, because of fear of earthquakes, and began to wind it down last year. Earlier this month, Dutch Home Affairs Minister Kajsa and Economic Affairs Minister Stef Blok said that the government will not increase natural gas production from the Groningen fields to head off the impact of soaring gas prices. The gas taps will only be turned on again if there are very cold winters, not for price rises, the ministers said.

If reactivated fully in an emergency, Groningen could alleviate the scarcity. It delivered 88 billion cubic meters at its peak in 1976 and above 30 billion cubic meters just five years ago. Natural gas production in the Netherlands has been falling in recent years, and in 2020 totaled 20 billion cubic meters. This was the lowest production of natural gas in the Netherlands since the turn of the century.

Gas consumption in the EU amounted to 521 billion cubic meters in 2019, and it dropped to 380 cubic meters in 2020, due to lockdowns. As demand resumed this year, and Gazprom increased its supply, the Dutch could help fill the gap. But maybe the Dutch government wants to let “creative destruction” get its way…


Webcast: We Are Facing “Fascism with a Green Face”, and We Should Call It That!

As energy hyperinflation is taking off, as a result of both objective and subjective factors, Helga Zepp-LaRouche said that this is what her husband uniquely warned about when the Club of Rome first began pushing its anti-human slogan of “limits to growth” in the late 1960s. This is Schachtian policy, she said, a strategy of the leading oligarchs running the world economy, to drastically reduce the world’s population, using the same methods Schacht applied in Germany under Hitler. This has now been openly identified in an article in the October 4 “Economist” magazine, “The Age of Fossil-Fuel Dependence Is Dead”, and in Klaus Schwab’s new book, “Stakeholder Capitalism”, as the dark future they intend to impose. Zepp-LaRouche stated that this is “fascism with a Green face”, and should be identified as such, to mobilize people to defeat it.

In addition to destroying the world’s physical economy, they are engaging in an assault against the idea of human creativity, which is the one source of innovation which has demonstrated that, as LaRouche wrote, “There Are No Limits to Growth.” And at the same time, they are conducting provocations against China which could lead to war. She reiterated her view that collaborative efforts among nations, including the U.S., Russia and China, to reconstruct Afghanistan and Haiti, can provide a basis for overcoming this otherwise deadly threat to humanity.


Suicide Watch: Day One of Biden’s Climate Summit

Suicide Watch: Day One of Biden’s Leaders Summit on Climate

April 22, 2021 (EIRNS)–Forty government heads of state and dozens of other leaders of institutions gathered (virtually) today to sing the praises of Joe Biden (“Joe” to many of them) for “bringing America back,” as most of them said — perhaps best expressed by the UK’s Alok Shama, the President of the COP 26 event planned for November in Glasgow: “We welcome America back into the fold,” clearly meaning the Malthusian death cult known as the British Empire. The meeting was chaired by climate fanatics Joe Biden, Antony Blinken and John Kerry.

There was a sharp distinction between the presentations of the leaders of the western world, and those of Russia, China, Mexico, South Africa, and some (but only some) other leaders from the Global South. While Biden, Macron, Merkel, Trudeau, Draghi, et al. described the so-called “climate crisis” as the greatest existential crisis facing mankind today, they emphasized that {all countries} must join in the suicide pact of eliminating fossil fuels and shutting down major portions of industry and agriculture to save Mother Earth from the non-existent danger of carbon dioxide. 

But the West no longer can dictate to the nations still guided by reason, rather than by Chicken Little’s screaming, ‘the sky is falling.’ 

Xi Jinping spoke poetically about the harmony and balance between man and nature, but added that it must follow a “people-centered approach,” focusing on those “longing for a better life.” We must follow the UN-centered multi-nationalism (i.e., not the artificial “rules-based order” made up by the imperial powers). Most importantly, he and many others emphasized the “common but differentiated responsibilities” between the advanced sector and the developing sector, insisting that the concerns of the developing countries must be accommodated. It is of note that climate czar John Kerry, speaking on Wednesday, called on China to give up its intention to allow coal-fired energy production to “peak” only in the 2030s. Xi did not obey, stating that they would continue producing coal-fired plants, as presented in the 14th Five Year Plan. That plan made clear that moving beyond coal depends on expanding nuclear and fusion power.

Vladimir Putin also insisted on UN-centered policies. He explained that Russia had reduced carbon emissions by half since the 1990s (like China, Russia has a serious real pollution problem, which they are resolving, with the side-effect of reducing carbon emissions). He said Russia is restructuring its energy and industrial sectors, focusing on nuclear power (he reminded the world that there are no carbon emissions from nuclear), as well as petro-gas and hydrogen. He noted that Russia’s ecosystem absorbs 2.5 billion tons of CO2 per year. He closed by insisting that global development must “not only be green, but also sustainable,” by fighting poverty and closing the gap between rich and poor. Nary a word about solar or wind.

Andres Manuel Lopez Obrador (AMLO) began by stating that Mexico had recently discovered three hydrocarbon deposits, all of which, he said, would be used to meet domestic demand. No longer, he said, would Mexico sell crude oil and import gasoline. Hydro plant turbines were being modernized to produce more electricity at less cost. Vast reforestation was taking place — 700 million trees, heading for a billion, and Mexico would help reforestation in the triangle countries to the south. He offered to advise the US on this successful program. He also called on the US to treat migrants as “exceptional people” who are willing to work hard, and who should have a path to citizenship if they desire. The State Department had warned AMLO in advance that the issue of migration should not be raised in the context of the environment — they are two totally different matters — but he did anyway. 

Antigua and Barbuda Prime Minister Gaston Browne, interestingly, barely mentioned climate, but focused on the financial disaster which, due to the pandemic, is striking countries like his dependent on tourism, and demanded that the nation’s debt must be forgiven or reorganized — it simply cannot be paid. He praised the fact that not only the US, but also China, were setting the pace on the climate issue. 

The session was ended by 19-year-old Xiye Bastida, a Mexican version of Greta Thunberg (who is from Fridays for the Future and was busy testifying at the US Congress), ranting and lecturing the evil white folk in the Global North who caused all the problems, and must now take direction from the brainwashed children. Blinken spent several minutes praising her as one of the “leaders of the future” who are dedicated to saving us from our folly. Xiye had been scheduled to speak in the session following AMLO’s, but she was moved up to provide a direct rejoinder to AMLO, and build her up as an international figure. One pro AMLO YouTube program, Antonio Villegas’s Guacamole News, reported on the incident: “Biden Ambushes AMLO at the Summit! They Create a Mexican Greta. She Already Attacked Him. From the Soros Group.” According to Villegas, Xiye insisted that the world has to recognize that we are at the end of the era of fossil fuels.  

The rest of the day included a session on Green Finance genocide with the normal suspects (Yellen, Georgieva, etc.), and another on Green Defense genocide (Sec. Austin, DNI Avril Haines, Sec. Ben Wallace, NATO’s Jens Stoltenberg, etc.). Climate is the center of all things, they all agreed, and the world must bow down or die. 

Friday is more of the same, ending with Michael Bloomberg and Bill Gates.


China’s Secret: Hamiltonian System, Anyone?

China’s Secret: Hamiltonian System, Anyone?

Sept. 29 (EIRNS) – Italian economist and China expert Michele Geraci explained why, in his view, Evergrande won’t unleash a systemic crisis for China.

 “China can manage crises because it controls all necessary macro-economic variables, which have been denied to us. … Here is the list of what they have and what we don’t:

  •  1. They issue their (own) currency (and we don’t).
  • 2. They decide at a table the interest rate curve.
  • 3. They have no deficit constraints.
  • 4. They decide currency exchange at a table.
  • 5. They control current accounts through independent trade policies.
  • 6. They control capital in- and outflows.
  • 7. They do not have an international currency, thus they are not captive to Wall Street.
  • 8. Lastly, the key is that they have no big foreign debt.

… That is why Evergrande won’t be, in my view, a systemic risk…”

The reader knowledgeable in the American System of Political Economy will recognize major features of a Hamiltonian system of credit and trade policies in these Chinese policies.


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