Latino America is harvesting a few very effective leaders succeeding in not only representing truly the voters who chose them, but also being ingenious in using their skills to get for their voters the best outcomes they can achieve. In the case of Rafael Correa one of his assets is to have a PhD in Economics he's using to save a "sinking ship" he took from a long line of corrupt, inept Ecuadorian politicians who left the country in a deep fiscal turmoil without its own currency, using the US dollar instead, as its own.
For anyone who understands truly what "money" is, this situation in Ecuador is seen as extremely dangerous because the currency a country has, is a very important element in the many levers a finance minister needs to use to get a proper economic balance.
Correa not only is becoming noticed in Ecuador and Latino America, but he's been offering speeches in the European Union Parliament, a famous one in a Berlin University
, in many South American Congresses and many internet interviews (the corporate Media in Ecuador and around the world has been trying to block his achievements since the Media is usually owned by the Oligarchy and is losing privileges with these popular leaders).
Early this year he introduced a new sort of Krypto-currency in Ecuador (Digitally based) directly from the Ecuador's Central Bank that ingeniously can be used through mobile phones to earn or pay for goods and services, bypassing the corrupt financial planetary infrastructure already in place with direct ties to the corrupt Cabal of the Financial Cartel who use the creation of the Money Supply as their vehicle to control societies and economies. More than 40% of Ecuadorans don't have a regular bank account anyway and now they have the opportunity to be part of the economic process by simply having a mobile phone and a digital account.
Julian Assange of Wikileaks is still stuck in the Ecuadorian Embassy in London UK after almost 4 years, notwithstanding the international political pressures Rafael Correa has been under from Britain and the USA.
It is in short, a pleasure to present this speech to the many friends who can't speak Spanish to understand the hundreds of videos already being produced by many Hispanic true popular political leaders bypassing the Oligarchy controlled Corporate Main Stream Media.
The speech is about 50 minutes long and the rest of the time are Q&Answers, some of them by politically motivated Venezuelans studying in Harvard (hardly the "poor crowd"of Venezuela) trying to diminish Correa's impact in the speech.
THE MONEY SUPPLY
As an example to show the importance of a country having its own money, we can illustrate it with the current painful socio-economic crisis many countries in Europe are suffering as I write this, with Greece being the weakest link, but also Portugal, Spain, Ireland, and even Italy having trouble balancing their finances without the capability to adjust their own currency values since they all are caught inside the Eurozone.
The imbalance can easily be seen in having a surplus in Germany comparable to the deficits in all these other less affluent countries part of the same badly designed Euro currency, which in practice has shown to benefit the strongest, most efficient economies while punishing the weakest stuck with a "strong" Euro.
The Eurozone lacks the mechanism an economy like the US or Canada have to allocate economic resources to balance their domestic economy, sending needed resources as an equalizer to a State or a Province.
If Germany had its own currency, their Dutch Mark would be way more valuable than the Lire in Italy or Peseta in Spain, automatically balancing their trade accordingly, making German goods and services more expensive and their surplus way lower, with the deficits in all other countries disappearing.
If on top we pile up the fact the Euro is being created as a Debt-Based currency, then the weight on the shoulders of the most vulnerable European Citizens is immense, and on top they are being accused of being lazy or crooks not paying their taxes.
While I have heard from some Greeks themselves how much of a social anomaly is their avoidance of paying taxes, knowing what I know now of how the current Main Stream narrative obfuscates the truth about Democracy, Money and the true function of the established authority infrastructure, I can say I can't blame them for not believing in a system that is deceitful not only to them, but to all of us around the world.
Of course I am aware we as individuals have to contribute to the many services the state is providing for all of us, but I am also aware the current socio-economic system is failing big-time in providing the opportunities a democracy is supposed to offer for the benefit of all. Transparency and efficiency by most current political leaders around the world is patchy in the best countries and nonexistent in others. The very fact the fraudulent Fractional Reserve Banking System is part of most countries Money Supply systems, is proof of their ignorance and ineptitude, or shows an active participation in the scam by the authorities of some of the countries involved.