DamianTV
07-14-2014, 08:00 PM
http://www.zerohedge.com/news/2014-07-14/guest-post-real-purpose-imf
Note: This is a post by one of their Guests...
Submitted by Luke Eastwood of LukeEastwood.com
To much trumpeting the IMF have kindly agreed to help out desperate and war torn Ukraine. How wonderful they are we are all meant to think, but the truth couldn’t be more opposite.
The International Monetary Fund was set up in 1945, describing itself as an “organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.”
This all sounds very laudable, but in reality the IMF has a very different purpose from that which is stated. If you look at the history of the IMF’s intervention in countries around the world you will see a trail of disaster and looting that repeats time and time again wherever they go.
The many countries that are involved are supposed to have some influence but this is proportional to their financial clout, which in truth means that the USA has most of the control of what happens and many countries have effectively no say at all.
My opinion of the IMF, concurs with that of John Perkins, author of ‘Confessions Of An Economic Hitman’, his views being that of an insider in the system and mine merely as an observer. He succinctly points out that major western nations use financial warfare to get what they want and gain influence over other countries – the IMF being one of the tools with which they do this.
Caribbean countries such as Jamaica have been destroyed by trade agreements and much the same thing has happened throughout Africa, South America and Asia at various times since world war II. What the IMF does is somewhat similar to a thug loan shark. The loan shark lends money to people who can’t afford to borrow so that the borrower ends up having to not eat to make the payments or face having broken legs.
In a more subtle way, the IMF behaves in a similar way. Countries are given a ‘helping hand’ as loans that they will have great difficulty paying back. In return for the loans the IMF wants interest and regular repayments and ‘restructuring’ of the country’s assets. What this actually means is the asset stripping of sovereign nations so that their economic wealth is transferred from the country’s/public’s ownership into private hands.
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(Continues on Link)
(Note: I tried to duplicate the formatting, but may have it slightly screwed up...)
The purpose of Money is Political Control, not Financial Freedom. Hence, General Politics.
Note: This is a post by one of their Guests...
Submitted by Luke Eastwood of LukeEastwood.com
To much trumpeting the IMF have kindly agreed to help out desperate and war torn Ukraine. How wonderful they are we are all meant to think, but the truth couldn’t be more opposite.
The International Monetary Fund was set up in 1945, describing itself as an “organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.”
This all sounds very laudable, but in reality the IMF has a very different purpose from that which is stated. If you look at the history of the IMF’s intervention in countries around the world you will see a trail of disaster and looting that repeats time and time again wherever they go.
The many countries that are involved are supposed to have some influence but this is proportional to their financial clout, which in truth means that the USA has most of the control of what happens and many countries have effectively no say at all.
My opinion of the IMF, concurs with that of John Perkins, author of ‘Confessions Of An Economic Hitman’, his views being that of an insider in the system and mine merely as an observer. He succinctly points out that major western nations use financial warfare to get what they want and gain influence over other countries – the IMF being one of the tools with which they do this.
Caribbean countries such as Jamaica have been destroyed by trade agreements and much the same thing has happened throughout Africa, South America and Asia at various times since world war II. What the IMF does is somewhat similar to a thug loan shark. The loan shark lends money to people who can’t afford to borrow so that the borrower ends up having to not eat to make the payments or face having broken legs.
In a more subtle way, the IMF behaves in a similar way. Countries are given a ‘helping hand’ as loans that they will have great difficulty paying back. In return for the loans the IMF wants interest and regular repayments and ‘restructuring’ of the country’s assets. What this actually means is the asset stripping of sovereign nations so that their economic wealth is transferred from the country’s/public’s ownership into private hands.
...
(Continues on Link)
(Note: I tried to duplicate the formatting, but may have it slightly screwed up...)
The purpose of Money is Political Control, not Financial Freedom. Hence, General Politics.