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Because the US is essentially being turned into a Third World nation by the past and present actions of central bankers, this speech by José López Portillo on how to escape the bankster's debt traps is as applicable now as it was in 1982.

José López Portillo, President of Mexico, 11 October 1982 UN Speech (video): https://www.youtube.com/watch?v=z9n-pL_eGtk

His statements beginning at 3:06 reiterate what is at stake. López Portillo's efforts to free Mexico from the global banksters were sabotaged. After he left office, the elites of Mexico would bark at him in restaurants or other public venues to insult him. Those elites benefited from the international order and did not welcome his attempts to liberate their nation from an abusive relationship. I have speculated that Mexico would not have become a narco-state if it had managed to achieve economic sovereignty.

Partial transcript of speech:

“The most constant concern and activity of Mexico in the international arena, is the transition to a New Economic Order…. We developing countries do not want to be subjugated. We cannot paralyze our economies or plunge our peoples into greater misery in order to pay a debt on which servicing tripled without our participation or responsibility, and with terms that are imposed upon us. We countries of the South are about to run out of playing chips, and were we not able to stay in the game, it would end in defeat for everyone. I want to be emphatic: We countries of the South have not sinned against the world economy. Our efforts to grow, in order to conquer hunger, disease, ignorance, and dependency, have not caused the international crisis….

"We have been a living example of what occurs when an enormous, volatile, and speculative mass of capital goes all over the world in search of high interest rates, tax havens, and supposed political and exchange stability. It decapitalizes entire countries and leaves destruction in its wake. The world should be able to control this; it is inconceivable that we cannot find a formula that, without limiting necessary movements and flows, would permit regulation of a phenomenon that damages everyone. It is imperative that the New International Economic Order establish a link between refinancing the development of countries that suffer capital flight, and the capital that has fled.

"The reduction of available credit for developing countries has serious implications, not only for the countries themselves, but also for production and employment in the industrial countries. Let us not continue in this vicious circle: it could be the beginning of a new medieval Dark Age, without the possibility of a Renaissance….”

Read more about this at: https://theduran.com/portillos-spirit-haunts-the-oligarchy/

Portillo’s 1982 Fight for a Multipolar System

Standing defiantly against the empire of Wall Street and the City of London, Portillo recognized that his nation had been targeted for depopulation and destruction. Henry Kissinger’s 1974 National Security Study Memorandum 200 (NSSM 200) had outlined 13 developing nations who aspired to end their colonial scars by following the Japan model of advanced scientific and technological progress. Kissinger’s bone chilling report stated that should these nations succeed, then they would cause an overpopulation crisis. America’s duty, in Kissinger’s twisted mind, had to become wired towards a strict policy of de-population using every mechanism available with a focus on economic warfare. Mexico was at the top of this list.

Trapped under years of conditionality-laden loans from the IMF and World Bank, Mexico and other nations of the Global South were trapped under usurious debts, underdevelopment (loans were given on the condition that money would rarely be spent on any advanced infrastructure or industrialization), and poverty with no hope in sight.

López Portillo was trapped. But unlike many others at this time, he didn’t give up.

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