Friday, February 4, 2011
IMF & World Bank Reality
It's amazing how when you get older and see how things really work you can get disenchanted with the world. The IMF and World Bank give the people the front of doing good and helping people but in reality they cause more starvation and poverty by design. Read Confessions of an Economic Hitman by John Perkins, his book details his consulting work relating to the IMF and World Bank. I really can't believe the people have allowed this scheme to go on for this long considering the damage private banking has caused. The IMF basically makes you sign a bad contract under duress and if you can't repay they will send in the military to take your resources like oil, farm land, ect ect or through privatization. This is going on world wide in Europe and will be coming to the United States. The contract probably states your exchange rate, the monetary policy you must follow, interest rates to be charged and the interest rate you can charge to atract capital. This is presently going on in the United States now with the devaluing of our currency which makes good from China cost more and your ability to export via production is reduced also. Which the end result is a reduction of living standards to a country's citizens. These are both good videos.