Type a new keyword(s) and press Enter to search

The Roots of Reformasi in Indonesia

 

The world-wide environmentalist non-government organization phenomena ( such as the World Wildlife Fund, directed by Prince Phillip ) was created top-down, with a complex web of financing, from the circles of the British oligarchy.
             Sukarno was overthrown, on the pretext of his 'support' for communism, by an Indonesian army faction under Suharto. The overthrow was made easier by the fact that the Indonesian economy was in dire straits at the time, due to a cut-off of assistance from the United States, under the influence of British intelligence. After Suharto assumed the presidency, inflation was brought under control through 'belt-tightening' measures. In the 1970s, foreign oil cartels moved in to exploit the oil fields in Indonesia. This brought in much-needed foreign exchange to the country. Suharto appointed as vice president former aeronautical engineer Habibie, to develop the heavy industry of Indonesia with the oil revenues. As a result of these measures, the poverty rate in Indonesia was significantly lowered. But the stage was actually being set for the breakup of Indonesia.
             After the Second World War, the only viable economy left in the world was the American economy. The United States owned two-thirds of the world's gold supply and its industrial base was untouched by the war. The Bretton Woods system was created to facilitate the economic reconstruction of Europe. Basically, all currencies were to be fixed in value with respect to the US dollar, which was in turn, convertible to gold. The US dollar was considered 'as good as gold'. The value of one currency to another would be adjusted in an orderly manner on a regular basis, based on the relative economic performance of each member country. A country with a less developed economy, would tend to have a cheaper currency. This is in order to limit the level of consumption of the country, to a level which the economy of that country could support.


Essays Related to The Roots of Reformasi in Indonesia