Skip to main content

Demystifying Alexander Nahum Sack and the doctrine of odious debt

Eric Tousaint’s study of the odious debt doctrine

by Eric Toussaint

Part 16 - A short refresher course on the United States’ policy toward its neighbours in the Americas

In 1823, the government of the United States adopted the Monroe Doctrine. Named after a Republican president of the USA, James Monroe, it condemns any European intervention in the affairs of “the Americas.” In reality, the Monroe Doctrine served as cover for a policy of more and more aggressive conquests on the part of the USA to the detriment of the new independent Latin American States, beginning with the annexing of a large part of Mexico in 1840s (Texas, New Mexico, Arizona, California, Colorado, Nevada and Utah). North American troops occupied Mexico’s capital city in September 1847. It should also be pointed out that the government of the USA attempted to exterminate all native peoples, the “redskins,” who refused to submit. And those who did submit were still subjected to atrocities, and ended up on reservations.

In 1898, as we have seen, the United States declared war on Spain and took control of Cuba and Puerto Rico.

In 1902, in contradiction of the Monroe Doctrine, Washington did not come to the defence of Venezuela when it was the victim of armed aggression by Germany, Britain, Italy and Holland with the goal of forcing the country to repay debt. Then the United States intervened diplomatically to see to it that Caracas resumed debt repayment. This attitude on the part of Washington gave rise to a major controversy with Latin American governments, and in particular with the Argentine Minister of Foreign Affairs, Luis M. Drago, who declared: “The principle I would like see recognized is that] a public debt cannot give rise to the right of armed intervention, and much less to the occupation of the soil of any American nation by any European power.” This principle was to become known as the Drago doctrine. The debate among governments ended in an international conference at The Hague which led to the adoption of the Drago-Porter Convention (from the name of Horace Porter, a United States soldier and diplomat) in 1907. It called for arbitration to be the first means of solving conflicts: any State signing the Convention must agree to submit to an arbitration procedure and participate in it in good faith, failing which the State demanding repayment of its debt would have the right to use armed force.

In 1903, President Theodore Roosevelt organised the creation of Panama, which was separated from Colombia against the country’s will. This was done to allow the Panama Canal to be built under Washington’s control.

In 1904, the same president announced that the United States considered itself to be the policeman of the Americas. He pronounced what is known as the “Roosevelt Corollary to the Monroe Doctrine”: “Chronic wrongdoing, or an impotence which results in a general loosening of the ties of civilized society, may in America, as elsewhere, ultimately require intervention by some civilized nation, and in the Western Hemisphere the adherence of the United States to the Monroe Doctrine may force the United States, however reluctantly, in flagrant cases of such wrongdoing or impotence, to the exercise of an international police power.

In 1915 the United States invaded Haiti under the pretext of recovering debts and occupied the country until 1934. Eduardo Galeano writes: “the United States occupied Haiti for twenty years and, in that black country that had been the scene of the first victorious slave revolt, introduced racial segregation and forced labor, killed 1,500 workers in one of its repressive operations (according to a U.S. Senate investigation in 1922), and when the local government refused to turn the Banco Nacional into a branch of New York’s National City Bank, suspended the salaries of the president and his ministers so that they might think again.” Other armed interventions by the United States took place during the same period, but an exhaustive list would be too long.

This brief summary of the intervention and policies of the United States in the Americas in the 19th and early 20th centuries gives us an understanding of Washington’s true motives in the debt repudiations in Cuba in 1898 and Costa Rica in the 1920s.

In 1935, Major General Smedley D. Butler, who took part in many US expeditions in the Americas, writing during his retirement, describes Washington’s policies as follows: “I spent 33 years and four months in active military service and during that period I spent most of my time as a high class muscle man for Big Business, for Wall Street and the bankers. In short, I was a racketeer, a gangster for capitalism. I helped make Mexico and especially Tampico safe for American oil interests in 1914. I helped make Haiti and Cuba a decent place for the National City Bank boys to collect revenues in. I helped in the raping of half a dozen Central American republics for the benefit of Wall Street. I helped purify Nicaragua for the International Banking House of Brown Brothers in 1902-1912. I brought light to the Dominican Republic for the American sugar interests in 1916. I helped make Honduras right for the American fruit companies in 1903.

Source and references:


[1] [2] [3] [4] [5] [6] [7] [8] [9] [10] [11] [12] [13] [14] [15] [17] [18] [19] [20]

Comments

Popular posts from this blog

Netanyahu Is Getting His War Between The U.S. & Iran!

The Jimmy Dore Show   Little progress is being made in negotiations between the United States and Iran over the latter’s nuclear program, and that may be by design. The U.S. is demanding a complete dismantling of Iran’s nuclear enrichment program, which is a non-starter for the Iranians. Meanwhile, the U.S. appears to have reneged on a promise to get a ceasefire and humanitarian aid into Gaza in exchange for the release of the last American hostage, so Hamas — and by extension Iran — feel the U.S. cannot be trusted in negotiations. Jimmy Dore and Americans’ Comedian Kurt Metzger discuss how Israel appears to be orchestrating a U.S. attack on Iran that few Americans have any interest in.    Related: Trump makes key move to beat Biden in their race to start a war with Iran

Trump in SHOCK: Putin & China FLIP His Grave Mistake into STUNNING Victory

Danny Haiphong   Putin & China just gave Trump a rude BRICS awakening, and this bombshell will change everything for generations to come. Geopolitical analyst Ben Norton details the truth about Trump's biggest failure against the rising power of BRICS led by Russia and China, and why the US's role as super power is now in serious question.     Related: Trump's tariffs: A unique opportunity for BRICS and the Global South to fully escape from dollar tyranny

Trump's attempt to divide Russia & China is failing, badly

Geopolitical Economy Report   Donald Trump claimed he would "un-unite" Russia and China, but the US divide-and-conquer strategy is failing. In a meeting in Moscow celebrating the 80th anniversary of their nations' victory in World War Two, Presidents Xi Jinping and Vladimir Putin reaffirmed that "China-Russia relations have reached the highest level in history" and will "jointly resist any attempts to interfere with and disrupt the traditional friendship and deep mutual trust between China and Russia". Ben Norton explains.     Related:   Why China supports Russia

Inside Iran's Savak torture museum

The Grayzone   Caution: This report contains depictions of simulated violence that may upset some viewers. Max Blumenthal tours one of the most disturbing museums on the planet. Set in Tehran's former Ebrat Prison run by the anti-sabotage unit of Shah Reza Pahlavi's Savak intelligence services, the museum is filled with shockingly graphic exhibits featuring lifelike mannequins recreating the hideous torture tactics deployed to repress dissidents rebelling against Iran's monarchy. Many mannequins on display represent notorious torturers who either fled or were executed after the Islamic revolution in 1979, while others are modeled after famous prisoners locked away in Ebrat like the current Leader of Iran, Ayatollah Khamanei.  

"Kidnapped in Int'l Waters": Israel Intercepts Gaza-Bound Aid Ship, Detains Greta Thunberg & Others

Democracy Now!   Eleven peace activists and one journalist on board the Gaza Freedom Flotilla ship, the "Madleen," were detained by Israeli soldiers as their ship carrying vital humanitarian aid for starving Palestinians approached Gaza.    The ship was intercepted by Israeli forces in the middle of the night in international waters. Its supplies were seized and communications jammed. The unarmed activists will likely be transported to Israeli detention or "immediately deported," says Ann Wright, a U.S. military veteran who has participated in four Freedom Flotilla journeys and now serves on the steering committee of the Freedom Flotilla Coalition. She calls on citizens of countries around the world to push for the activists' release and an end to Israel's war on Gaza. 

14,000 babies could die if aid doesn’t enter Gaza in 48 hours, UN warns

Some 14,000 babies could die in Gaza in 48 hours if aid does not reach them in time, the UN’s humanitarian chief, Tom Fletcher, told the BBC today. Though Israel said it would allow “basic aid” into Gaza, only five trucks entered the enclave yesterday, two carrying shrouds to help bury Palestinians killed in Israel’s bombs. Others were in Gaza, but were being held by occupation forces and had not reached Palestinians. This was the first delivery of aid since 2 March, when Israel completely sealed the enclave. This, Fletcher explained, is a “drop in the ocean” and totally inadequate for a population of over 2.3 million, and for which no aid has been allowed to enter for 80 days.    “Tonnes of food is blocked at the [Gaza] border” by Israel, Director General of the World Health Organisation (WHO), Tedros Adhanom Ghebreyesus, said yesterday. This comes just weeks after the UN agency of Palestinian refugees (UNRWA) warned that hundreds of thousands of Palestinians eat only one mea...

Latest on Los Angeles anti-ICE protests in US

CGTN     Views of downtown Los Angeles where protests against immigration raids entered their third day on Sunday local time.   Protesters clashed with National Guard troops in downtown Los Angeles during the latest wave of demonstrations against statewide immigration enforcement operations that swept across California over the weekend.  

Never, Ever Let Anyone Forget What They Did To Gaza

by Caitlin Johnstone   I will never forget the Gaza holocaust. I will never let anyone else forget about the Gaza holocaust. No matter what happens or how this thing turns out, I will never let anyone my voice touches forget that our rulers did the most evil things imaginable right in front of us and lied to us about it the entire time. I will never stop doing everything I can with my own small platform to help ensure that the perpetrators of this mass atrocity are brought to justice. I will never stop doing everything I can to help bring down the western empire and to help free Palestine from the Zionist entity. I will never forget those shaking children. Those tiny shredded bodies. Those starved, skeletal forms. The explosions followed by screams. The atrocities followed by western media silence.   I will never forget, and I will never forgive. I will never forgive our leaders. I will never forgive the western press. I will never forgive Israel. I will never forgive the main...

They Will Starve You In A Killing Cage Too

by Nate Bear   Starvation is taking hold in Gaza. Twenty-nine people have starved to death in the last few days.  Death by starvation is horrific, the body feeding on itself, first consuming carbohydrates and fats, and then moving on to the protein parts of tissue. Once these are used up, vital organs and tissues start to fail as they aren’t being nourished by essential nutrients. The heart, lungs, muscles, ovaries, testes and brain physically shrink and shrivel. The kidneys start to fail. Eventually the body begins scavenging muscle, including the heart muscle. When this starts to happen, death is hours away, preceded by hallucinations, severe mental disturbances and convulsions. With less stored fat and higher metabolic needs, children die first. Starving parents hold their dying children, at this point nothing but skin and bone, in their arms. Adults can survive anywhere between twenty and forty days without food. Those already weak, chronically ill or immuno-compromised di...