Christine Madeleine Odette Lagarde
International Monetary Fund (IMF)
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.
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.
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.
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.
...faced with the prospect of having to sell off national assets in order to finance repayment of loans to either the IMF or EU.
owned by the banks or
oligarchs buy up a nation's forests, coal industry, water supply etc so
that instead of the country receiving income from its recourses the private
company makes all the money off the backs of the increasingly impoverished
Here in Ireland we are realizing the foolishness
of the IMF/EU bailouts that is making life increasingly difficult for
ordinary citizens while the government ponders selling off our resources.
Surely, if every nation took the same actions
the corporate take over of sovereign nations would fall flat on its face