How the Banks fuel Terrorism
The association between banks and terrorism is not one of conventional recognition. However the link between banks and debt is one of inseperable nature to any capitalist population.
Very recently, the news of the Paris attacks have recorded around 60 civilian deaths and more hostages. This destructive act of aimless terrorism comes so shockingly close after the Je Suis Charlie attacks, all in the very same city of France, of early January.
It begins to beg the question, Is there a way of preventing terrorism?
Such a question would take years of academic research to identifiy the catalysts and solutions of this question. Yet, there may be one of many legitimate answers to this vague question that would boast quite valuable theory.
The answer lies in the financial status of the countries that contain strong presence of terrorist groups. And also a strong political authority plays a massively influential part in the balance of governmental and terrorist rule.
History has already proven these two factors to be prominent catalysts of extremism if they are failed in upholding. One of the strongest examples is the Weimar Republic - the democratic government that ruled before Adolf Hitler's regime was elected - it completely defaulted in response to the Wall Street Crash.
In response, the economy of Germny, which heavily depended on American loans, collapsed as banks demanded quick payments. The political system of the Weimar Republic was structured in a way that meant all elected governments ended up being coalition governments. Ultimately, the Weimar Republic was politcally incapable and financially unstable. Germany fell into a depression, poverty and employment plagued the streets, and all the conditions for extremist enviroments became present. Adolf Hitler, promising employment and food, got elected into government.
Very similar situations are happening in the East. Syria is toppling beneath irrepairable civil war, currently the most direct causes of immigration. The Refugee Crisis has developed out of control as a result of the Syrian Civil War, with the figure of 350,000 recorded migrants having entered EU boarders in the space of 8 months. Although the Refugee Crisis is by no means an act of terrorism, it is a good example for Westerners to comprehend why extremism is so active in these war torn areas of the world.
Although for some it may be easy to recognise what it is that has encouraged extremism to take place and immigrants to seek shelter, it may be harder to identify who is fuelling, and essentially profiting from this situation.
Banks. Although an easy accusation, there is much logic behind it. More specifically, international banking organisations that deliberately install debt trap upon financially vulnerable countries like Syria. Susan George's book The debt boomerang explains elaborately the theory of Western banking organisations ultimately fuelling to the problems that cause immigration and terrorism to occur in the west. Susan George is an experienced political scientist, activist and author of many other intruiging reads. And although it is not true to say that banks have sole responsibility for the causes of the Refugee Crisis and the increase of terrorist power, it is ignorant to neglect these dominating organisations that exercise leverage over the countries that owe them.
Much of the conditions these countries suffer are a result of bank debts that prevent the growth of economies, if these banking organisations were to relieve the intensity of their debt traps, then these countries would be able to sustain an economy that can look after its people and challenge terrorist practice.
James Moir - Richmond Upon Thames College
sources
Susan George - The Debt Boomerage
- Shadow Sovereigns
http://www.bbc.co.uk/news
