The former chief economist of the World Bank, Joe Stiglitz, was fired recently.
He pointed out to top executives that every country the IMF/World Bank got involved in ended up with,
Jim Wolfensen, the president of the World Bank would not comment on his dismissal. Before Joe Stiglitz was fired he took a large stack of secret documents out of the World Bank.
These secret documents from the World Bank and the International Monetary Fund reveal the 4 steps that the IMF required from nations:
If they do not agree to these steps they are cut-off from all international borrowing.
Today if can't borrow money in the international
marketplace, no one can survive, whether you are people or corporations or
countries. If that does not work they overthrow the government and plant
lies about the former government and/or even rewrite history.
This is signed by Jim Wolfensen, the president of the World Bank. Argentina has had six presidents in five weeks because their economy is completely destroyed. This happened because they started out in the end of the 80s with orders from the IMF and World Bank to sell-off all their assets, public assets, like their water system. Then they taxed the people.
They created big government and big government handed it off to the private IMF/World Bank.
They pay off the politicians billions in Swiss
A pipeline was sold off, that runs
between Argentina and Chile, was sold off to a company called Enron.
Then the globalists blow out Enron after transferring the assets to
another dummy corporation.
The Globalists pay them off individually, billions a piece in Swiss bank accounts. The plan is total slavery for the entire population.
Enron is a dummy corporation for money
laundering, drug money, etc.
It's not privatization. They steal it from the people and hand it over to the IMF/World Bank.
They hand it over, generally to the cronies, like,
The problem is that they are destroying these systems as well.
You can't even get drinking water in Buenos Aires. It is not just a question of the theft. You can't turn on the tap. It is more than someone getting rich at the public expense. And the IMF just got handed the Great Lakes. They have the sole control over the water supply now.
The IMF and the World Bank is 51% owned by the United States Treasury.
Indonesia is in flames. Every country IMF/World Bank meddling in they destroyed their economy and they ended up in flames. They even plan in the riots. They know that when they squeeze a country and destroy its economy, you get riots in the streets. And they admit that it an IMF riot.
Because you have riot, all the capital runs away
from your country and that gives the opportunity for the IMF to then add
They are getting so greedy - they are preparing it for America. The chief investigators of Enron for the State of California said that that it's not just the stockholders that got ripped off. They sucked millions, billions of dollars out of the public pocket in Texas and California in particular.
Where are the assets? See, everybody says there are no assets left since Enron was a dummy corporation - from the experts I've had on and they transferred all those assets to other corporations and banks.
You did pay California's electric bills according to the investigations, they are telling me that they were pumped up unnecessarily by 9 to 12-billion dollars. And I don't know who they are going to get it back from now.
Well they actually caught the Governor buying it
for $137 per megawatt and selling it back to Enron for $1 per megawatt and
doing it over and over and over again.
Lord Wakeham, who was on the audit committee of Enron, is the head of NM Rothschild. There isn't anything that he doesn't have his fingers in. He's on something like fifty Boards. And he was supposed to be head of the audit committee watching how Enron kept the books.
In fact, they were paying him consulting fees on the side. He was in Margaret Thatcher's government and he's the one who authorized Enron to come into Britain and take over power plants in Britain. Enron owned a water system in the middle of England.
This is what Lord Wakeham approved and then they gave him a job on the board. On top of being on the board, they gave him a huge consulting contract. Lord Wakeham is supposed to be in charge of the audit committee to see how they were handling their accounts, but he is also the head of the board to regulate the media.
Lord Wakeham is trying to pass laws in England
where you can't own your own water. He can't be touched because he regulates
The IMF/World Bank implosion, four points, how they bring down a country and destroy the resources of the people.
Its like the opium wars.
This isn't free trade; this is coercion trade. This is war. They are taking apart economies through this. China has a 40% tariff on the USA, but the USA has a 2% on them. That's not free and fair trade.
It's to force all industry into a country that
the globalists fully control, and they control China.
There is almost nothing in a Walmart store that comes from the United States of America, despite all the eagles on the wall. They have big flags saying "Buy American" and there's hardly anything from America in their stores.
What's even worst is they will hire a factory and right next to it will be the sister factory which is inside a prison.
You can imagine the conditions of these workers
producing this lovely stuff for Walmart.
A Senator from Argentina said that he got a call from George W. Bush in 1988 saying give the gas pipeline in Argentina to Enron. Enron was going to pay one-fifth of the world's price for their gas and he said how can you make such an offer?
The answer was that if they only pay one-fifth that leaves quit a little bit for you to go in your Swiss bank account. This is the same George W. Bush who said he didn't get to know Ken Lay of Enron until 1994. Now they are having these white-wash hearings.
Bill Clinton, to get even with Bush's big donor, cut Enron out of the California power market. He put a cap on the prices they could charge. They couldn't charge more than one-hundred times the normal price for electricity. That upset Enron. So Ken Lay personally wrote a note to Dick Cheney saying get rid of Clinton's cap on prices.
Within 48 hours of George W. Bush taking office,
his energy department reversed the clamps on Enron.
A fifth of the population of Argentina
unemployed, and they said cut the unemployment benefits drastically, take
away pension funds, cut the education budgets. Now if you cut the economy in
the middle of a recession (created by the IMF), you absolutely demolish the
But they tell these countries you've got to cut, and cut, and cut. And why, according to the inside documents, it's so you can make payments to foreign banks - the foreign banks are collecting 21% to 70% interest. This is loan-sharking.
If fact, it was so bad that they required
Argentina to get rid of the laws against loan-sharking because any bank
would be a loan-shark under Argentine law.
They destroy an economy so that it can not produce anything, and then open the borders to sell their own goods. They force nations to pay horrendous amounts for things like drugs - legal drugs. That's how you end up with an illegal drug trade.
What's there left to survive on except sell us smack and crack. And so, drive the whole world down, blow out their economies and then buy the rest of it up for pennies on the dollar.
What's Step 4 of the IMF/World Bank Plan? In Step 4, they take apart of the government by the coup d'état and they install their own corporate government.
In Venezuela where they have an elected president of the government, the IMF has announced that they would support a transition government if the president was removed.
They are not saying that they are going to get involved in politics - they would just support a transition government. What that effectively is saying, we will pay for the coup d'état, if the military overthrows the current president, because the current president of Venezuela has said NO to the IMF.
He told those guys to go packing. They brought their teams in and said you have to do this and that. And he said, I don't have to do anything. He said what I'm going to do is double the taxes on oil corporations because we have a whole lot of oil in Venezuela. And I'm going to double the taxes on oil corporations and then I will have all the money I need for social programs and the government - and we will be a very rich nation.
Well, as soon as he did that, they started fomenting trouble with the military and watch this because the President of Venezuela will be out of office in three months or shot dead.
They are not going to allow him to raise taxes (2002) on the oil companies...
This was like a scene out of Le Carre.
The brilliant old agent comes in from
the cold, crosses to our side, and in hours of debriefing, empties
his memory of horrors committed in the name of a political ideology
he now realizes has gone rotten.
But instead of chairing the meetings of
ministers and central bankers, Stiglitz was kept exiled safely
behind the blue police cordons, the same as the nuns carrying a
large wooden cross, the Bolivian union leaders, the parents of AIDS
victims and the other 'anti-globalization' protesters. The ultimate
insider was now on the outside.
He was not allowed quiet retirement; US
Treasury Secretary Larry Summers, I'm told, demanded a public
excommunication for Stiglitz' having expressed his first mild
dissent from globalization World Bank style.
Stiglitz helped translate one from bureaucratise, a "Country Assistance Strategy."
There's an Assistance Strategy for every
poorer nation, designed, says the World Bank, after careful
in-country investigation. But according to insider Stiglitz, the
Bank's staff 'investigation' consists of close inspection of a
nation's 5-star hotels. It concludes with the Bank staff meeting
some begging, busted finance minister who is handed a 'restructuring
agreement' pre-drafted for his 'voluntary' signature (I have a
selection of these).
By the way, don't be confused by the mix in this discussion of the IMF, World Bank and WTO.
They are interchangeable masks of a single governance system. They have locked themselves together by what are unpleasantly called, "triggers." Taking a World Bank loan for a school 'triggers' a requirement to accept every 'conditionality' - they average 111 per nation - laid down by both the World Bank and IMF.
In fact, said Stiglitz the IMF requires
nations to accept trade policies more punitive than the official WTO
So then I turned on Stiglitz. OK, Mr Smart-Guy Professor, how would you help developing nations?
Stiglitz proposed radical land reform, an attack at the heart of "landlordism," on the usurious rents charged by the propertied oligarchies worldwide, typically 50% of a tenant's crops.
So I had to ask the professor: as you were top economist at the World Bank, why didn't the Bank follow your advice?
Every time their free market solutions failed, the IMF simply demanded more free market policies.
I took away from my talks with the
professor that the solution to world poverty and crisis is simple:
remove the bloodsuckers.
Big Issue offered equal space to the IMF, whose "deputy chief media officer" wrote:
Of course it was difficult for the
Deputy Chief to respond. The information (and documents) came from
the unhappy lot inside his agency and the World Bank.