Michel Chossudovsky

Canadian economist and conspiracy theorist

Michel Chossudovsky (born 1946) is a Canadian economist. He is professor of economics (emeritus) at the University of Ottawa.

Michel Chossudovsky


September 11, 2001 The Global War on Terrorism” is Fake. Al Qaeda is “Made in America, Global Research, (August 30, 2020)Edit

  • September 11, 2001 marks the onslaught of the “Global War on Terrorism” (GWOT), used as a pretext and a justification by the US and its NATO allies to carry out a “war without borders”, a global war of conquest. At eleven o’clock, on the morning of September 11, the Bush administration had already announced that Al Qaeda was responsible for the attacks on the World Trade Center (WTC) and the Pentagon. This assertion was made prior... an in depth police investigation. CIA Director George Tenet stated that same morning that Osama bin Laden had the capacity to plan “multiple attacks with little or no warning.”... The tragic events of 9/11 provided the required justification to wage war on Afghanistan on “humanitarian grounds”, with the full support of World public opinion and the endorsement of the “international community”.
  • In the wake of 9/11, the antiwar movement was completely isolated. The trade unions and civil society organizations had swallowed the media lies and government propaganda. They had accepted a war of retribution against Afghanistan, an impoverished country in Central Asia of 30 million people... The myth of the “outside enemy” and the threat of “Islamic terrorists” was the cornerstone of the Bush administration’s military doctrine while creating the illusion that America and “Western Civilization” are threatened... Without an “outside enemy”, there could be no “war on terrorism”. The entire national security agenda would collapse “like a house of cards”. The war criminals in high office would have no leg to stand on
  • Amply documented but rarely mentioned by the mainstream media, Al Qaeda is a creation of the CIA going back to the Soviet- Afghan war. This was a known fact, corroborated by numerous sources including official documents of the US Congress, which the mainstream media chose to either dismiss or ignore. The intelligence community had time and again acknowledged that they had indeed supported Osama bin Laden, but that in the wake of the Cold War: “he turned against us”. The 9/11 Commission Report has largely upheld the “outside enemy” mythology, heralding Al Qaeda as the “mastermind” organization behind the 9/11 attacks. The official 9/11 narrative has not only distorted the causes underling the collapse of the World Trade Center buildings, it has also erased the historical record of US covert support to international terrorism, while creating the illusion that America and “Western Civilization” are threatened. Without an “outside enemy”, there could be no “war on terrorism”. The entire national security agenda would collapse “like a house of cards”... After 9/11, the campaign of media disinformation served not only to drown the truth but also to kill much of the historical evidence on how this illusive Al Qaeda “outside enemy” had been fabricated and transformed into “Enemy Number One”.
  • In 2007, Afghanistan supplied approximately 93% of the global supply of heroin... The proceeds (in terms of retail value) of the Afghanistan drug trade are estimated (2017) to be in excess of 700 billion dollars a year, representing a significant fraction of the global trade in narcotics. The proceeds of this lucrative multibillion dollar contraband are deposited in Western banks. Almost the totality of the revenues accrue to corporate interests and criminal syndicates outside Afghanistan. The laundering of drug money constitutes a multibillion dollar activity, which continues to be protected by the CIA and the ISI... One of the major objectives of the 2001 invasion of Afghanistan was to restore the drug trade. The militarization of Pakistan serves powerful political, financial and criminal interests... The CIA continues to protect the Golden Crescent narcotics trade. Despite his commitment to eradicating the drug trade, opium production under the regime of Afghan President Hamid Karzai has skyrocketed.

The Globalization of Poverty and the New World Order - Second Edition - (2003)Edit

  • Relentlessly feeding on poverty and economic dislocation, a New World Order was taking shape.
    • Preface to the Second Edition, p. xxii
  • Humanity is undergoing, in the post-Cold War era, an economic and social crisis of unprecedented scale leading to the rapid impoverishment of large sectors of the world population.
    • Introduction, p. 1
  • Modern capitalism appears totally incapable of mobilizing these untapped human and resources.
    • Introduction, p. 7
  • The WTO was put in place following the signing of a "technical agreement" negotiated behind closed doors by bureaucrats. Even the heads of country-level delegations to Marrakech in 1994 were not informed regarding the statutes of the WTO, which were drafted in separate clossed sessions by technocrats.
    • Chapter 1, The Globalization of Poverty, p. 25
  • Mainstream economics scholarship produces theory without facts ("pure theory") and facts without theory ("applied economics")
    • Chapter 2, Global Falsehoods, p. 27
  • The budget targets imposed by the Bretton Woods institutions, combined with the effects of the devaluation, trigger the collapse of public investment.
    • Chapter 3, Policing Countries Through Loan "Conditionalities", p. 53
  • According to the World Bank, the concentration of wealth and the structures of corporate economic power have no bearing on woman's rights.
    • Chapter 4, The World Bank and Woman's Rights, p. 67
  • Global poverty is an "input" on the supply side; the global economic system feeds on cheap labor.
  • The experience of Somalia shows that famine in the late 20th century is not a consequence of a shortage of food. On the contrary, famines are spurred on as result of a global oversupply of grain staples.
    • Chapter 6, Somalia The Real Causes of Famine, p. 99
On the contrary, famines are spurred on as result of a global oversupply of grain staples.
  • The civil war in Rwanda and other ethnic massacres were an integral part of US foreign policy, carefully staged in accordance with precise strategic and economic objectives.
    • Chapter 7, Economic Genocide in Rwanda, p. 120
  • In return, US surpluses of genetically engineered maize (banned in the European Union) were being dumped on the horn of Africa, in the form of emergency aid.
    • Chapter 9, Wreaking Ethiopia's Peasant Economy, p. 141
  • Both Hindu, as well as Islamic fundamentalism, feed on the poverty of the masses.
    • Chapter 10, India: The IMF'S "Indirect Rule", p. 155
  • Moreover, the entire international trading system is prone (from the lower echelons to top state officials) to corruption and bribery by foreign contractors.
    • Chapter 12, The Post War Economic Destruction of Vietnam, p. 177
  • Macro-economic policy had accelerated the "expulsion" of landless peasants from the countryside leading to the formation of a nomadic migrant labor force moving from one metropolitan area to another.
    • Chapter 13, Debt and "Democracy" in Brazil, p. 200
  • Macro-economic reform undermined the legal economy, reinforced illicit trade and contributed to the recycling of "dirty money" towards Peru's official and commercial creditors.
    • Chapter 14, IMF Shock Treatment in Peru, p. 225
  • For the West, the enemy was not "socialism" but capitalism. How to tame and subdue the polar bear, how to take over the talent, the science, the technology, how to buy out the human capital, how to acquire the intellectual property rights?
    • Chapter 16, The "Thirdworldization" of the Russian Federation, p. 240
  • The collapse of the standard of living, engineered as result of macro-economic policy, is without precedent in Russian history: " We had more to eat during the Second World War."
    • Chapter 16, The "Thirdworldization" of the Russian Federation, p. 241
  • Lost in the barrage of images and self-serving analysis are the economic and social causes of the conflict.
    • Chapter 17, Dismantling Former Yugoslavia, p. 257
  • While Financier George Soros was investing money in Kosovo's reconstruction, the George Soros Foundation for an Open Society had opened a branch office in Pristina establishing the Kosovo Foundation for an Open Society (KFOS) as part of the Soros' network of "non-profit foundations" in the Balkans.
    • Chapter 17, Dismantling Former Yugoslavia, p. 273
  • Legal and illegal activities had become inextricably intertwined.
    • Chapter 18, Albania's IMF Sponsored Financial Disaster, p. 293
  • " The Cayman Islands, a British Crown colony in the Caribbean, for instance, is the fifth largest banking center in the world,"
    • Chapter 19, Structural Adjustment in the Developed Countries, p. 303
  • A new global financial environment has unfolded in several stages since the collapse of the Bretton Woods system of fixed exchange rates in 1971.
    • Chapter 20, Global Financial Meltdown, p. 309
  • In a cruel irony, speculators - rather then elected politicians - are the shots on crisis management. In an absurd logic, those who foster financial turbulence have been invited by the G7 Finance ministers to identify policies which attenuate financial turbulence.
    • Economic Warfare, Chapter 21, p. 327
  • America had come to the rescue of Korea's "troubled banks". The auction of commercial bank assets was an obvious fraud.
    • The Recolonization of Korea, Chapter 22, p. 340

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