Gangster IMF Trapping Countries in Debt
IMF – International Monetary Fraudsters! The Banksters Are Going to Rape Our Country – Because We’re Asking for It!
November 15, 2010Sovereign Independent - The Irish Independent article 'IMF expert warns Lenihan to 'seek bailout now' — informing’ the Irish people that they must go to the IMF, and coming from a former chief economist from the IMF — is nothing less than a pathetically thinly disguised piece of propaganda portraying the pirates of the IMF as benevolent bankers who care for the welfare of the Irish people.
Ask any ordinary person in the Third World after these gangsters have moved in and crippled them with debt if they think the IMF is a good thing. And I think you’ll find an overwhelming majority — discounting the corrupt despots running these countries — who have seen their natural resources raped by international corporations (who have looted and pillaged every country they’ve gone into at the IMF’s behest for their international banker criminal cartel) — resounding a rejection of any such notion.
The so called ‘Irish’ government are as despotic and corrupt as any of the Third World leaders. The only difference is that they don’t openly slaughter large numbers of people in the process, although poisoning of the water supply, our air and our food is also a less overt way of killing off the ‘undesirables’.
Yep, that’s you and me folks and don’t think for a second that there aren’t those in power in Ireland who know this is going on. If visitors to this website can find the information, then surely the apparent ‘creme de la creme’ of Ireland who are supposedly running the country can find out too?
The fact is that they are bought and paid for by the very same psychopathic bankers and corporate whores who want to rape Ireland of its resources and publicly-owned — or at least semi-owned companies, to include all utility companies and our vast oil and gas resources which, if used for the benefit of the Irish people, would see Ireland's debt wiped out overnight and unbridled prosperity for every citizen in the country a distinct possibility. Nobody dares ask the question, 'What happens when the family silver is sold off for peanuts and we’re still in debt to the same bankers? What do you sell next?'
The answer is simple and it’s already happening…..You sell the people through draconian taxes to pay the compounded interest payments on debts which can NEVER be paid off. In other words, a country of slaves now exists in Ireland; not just in this generation, but for generations to come, if not for eternity.
The article also informs us that the government is actively seeking buyers for toxic banks which the taxpayer has already
pumped BILLIONS into. If they are sold, will the austerity measures be rolled back? NO!The measures are already in place with more severe austerity — read poverty policies — due to be announced in this December’s budget. It is clear that the IMF is already running Ireland back into the days of colonial oppression and utter poverty and deprivation akin to Third World status.
When will people finally grasp the concept that austerity means UTTER POVERTY? Perhaps when the shelves of the corrupt supermarket corporations start to empty and the fast food poisoners close their doors or perhaps when the power gets rationed — turning off the TV, will people finally wake up to the real world of global corporate crime.
What does it take folks? What’s coming from the IMF in Ireland will devastate the landscape of Ireland economically and as a society forever unless the sovereign people of the country stand up and fight back against these psychopathic criminals.
We need to start with the whole political system. Putting it bluntly, the whole thing must be dismantled and a new way found to share the wealth and resources of our resource-rich country for the good of a once proud nation. I say once proud because as I see it, if it was still a proud nation, or even a nation at all, then these gangsters and corporate criminals would have been ousted many years ago. Pride has been either sucked out of the people or indeed chemically diluted through the poisoning of primarily our water supply, which is heavily contaminated with the industrial waste product known as Sodium Fluoride.
The system has to go; and those in the police and military services, whose sole duty is to protect the people from harm, must step forward and use the full force of the law to deal with the criminals in all parties responsible for our current predicament. These politicians, bankers and other corporate fraudsters are traitors to the Irish people and the country.
It’s time for action on the part of those in power who have not been corrupted; there must be a few, to step into the public arena and tell the Irish people the truth about what’s been done to them and what’s being planned for their future of servitude to the world’s bankers.
We do not have time to allow these crooks to have their way with us!
It’s time to stop acting like sheep! The wolves are now circling with their fangs clearly showing and their out for the blood and guts of your families for generations to come.
IMF Recommends Troubled Kabul Bank Be Wound Down
February 16, 2011AP - International Monetary Fund is recommending that Afghanistan's troubled Kabul Bank be placed into receivership and then quickly sold off. The IMF made the recommendations in a statement late Tuesday, following a visit by fund officials. It says Afghan authorities should put together a "transparent, credible and fully financed" plan to settle problems at the country's largest bank.
The IMF says placing Kabul Bank into receivership — a type of bankruptcy — is "the most appropriate mechanism" for resolving problems at the bank.
Kabul Bank has been hounded by allegations of mismanagement, cronyism and questionable lending. Afghanistan's Central Bank took control in mid-September, following a run on the lender.
Flashback: Tell Newmont to Stop Blocking IMF Debt Cancellation!
EssentialAction.org - Impoverished countries are impoverished in part because of the huge debt repayments global creditors like the International Monetary Fund and World Bank collect from them. Every year, sub-Saharan African pays about $13 billion to those institutions and others in wealthy countries — a figure that is roughly equal to the amount the United Nations estimates is required to combat the AIDS pandemic in Africa.Developing countries, in fact, send more money to the wealthy countries than they get in grants, loans, and other forms of aid. It's a deadly, backward game.
High-level talks among the G8 governments' have been going on for nearly a year in response to U.S. and U.K. proposals for more substantial debt cancellation plans. The proposals could be the most substantial debt plans in decades. The target for agreement has been the summit of G8 heads of government in early July in Scotland.
The plan is now in grave danger. That's because the major actors cannot agree on how to "finance" the debt cancellation. The IMF has been sitting on an endowment of about $40 billion worth of gold since its founding. The massive gold stock is used for nothing other than ensuring "confidence" in its financial stability. It earns no interest and makes no resources available to anyone.
The U.K. and other governments are in favor of selling some of the gold in order to "finance" cancellation of debt owed to the IMF. Those are often the biggest debt problems for impoverished countries, because the IMF is a "preferred creditor," which means it must be paid back before all other creditors.
And as long as a country is indebted to the IMF, it must accept harsh economic policy conditions that enrich corporations while depriving the most vulnerable people of opportunities. If the world's poorest countries are to recover and thrive, freeing them from IMF debt is imperative. So what's stopping them? The U.S. government. It's not that there is any compelling economic reason to oppose the sales. Nor does the Bush Administration put a particularly high priority on gold markets.
But at least one politically-powerful company in the Western states has decided to use its muscle to oppose any IMF gold sales. And because any sale of IMF gold requires, for complex reasons, the approval of the U.S. Congress, it has been able — by getting 12 Senators from Western states to send a letter to Treasury Secretary John Snow — to convince the Administration it cannot support gold sales.
That company is Newmont Mining, the biggest gold mining concern in the U.S. They say they do not want to risk a drop in the price of gold that might result from the introduction of a large quantity in world markets. Newmont executives have seen presentations demonstrating that the sale of IMF gold would be accomplished in a way that would have no impact on world markets — through an agreement with European central banks that regularly sell gold — and the IMF itself has made it clear that IMF gold sales done through the so-called Central Bank Gold Agreement would result in no net impact on the world gold market. Yet Newmont continues to refuse to remove its opposition to IMF gold sales.
The misguided assertion of interest by this gold multinational stands against a chance to emancipate impoverished peoples and countries — to provide healthcare, shelter, food, economic development. We must fight to reverse this absurd and outrageous situation quickly. July is approaching, and solutions to the IMF debt problem are rapidly falling off the G8 agenda.
Note that Newmont's policy states:
"Newmont's future is dependent on its ability to develop, operate and close mines consistent with our commitment to sustainable development, protection of human life, health, the environment, and to adding value to the communities in which we operate. We understand the actions and conduct of every Newmont employee and contractor are the basis on which our stakeholders will evaluate our commitment to achieving the highest standards of social responsibility."
IMF Resources and the G-20 Summit
International Monetary FundFebruary 11, 2010
At the G-20 Summit on April 2, world leaders pledged to support growth in emerging market and developing countries by boosting the IMF's lending resources to $750 billion. They committed to:
- increase the resources available to the IMF by $250 billion through immediate contributions from some IMF member countries. The G-20 agreed that these bilateral contributions will subsequently be incorporated into an existing credit line the IMF maintains with some of its members, known as the New Arrangements to Borrow, or NAB. The G-20's intention is to increase the resources available through a more flexible NAB by up to $500 billion.
- use additional resources from agreed sales of IMF gold to provide $6 billion in additional financing for poor countries, in a manner consistent with the IMF's new income model, over the next 2 to 3 years.
In addition, the G-20 supported a general allocation of the IMF's Special Drawing Rights equivalent to $250 billion to boost global liquidity. The G-20 also urged urgent ratification of the Fourth Amendment to the IMF's Charter, first proposed in 1997, which seeks to make the allocation of SDRs more equitable.
Below follows a list of commonly asked questions about the proposed increase in the NAB, the new SDR allocation, and gold sales. While certain aspects of the implementation of the G-20 agreements have become clear, the IMF is still discussing other aspects, so some of the details are not yet available.
Who Owns Most of the World's Gold?
4% of the World Controls 12.6% of the GoldInternational Monetary Fund Ranking: 3
Tonnes Owned: 3,217.3
July 2, 2009
Wealth Daily - The International Monetary Fund oversees the global financial system by following the macroeconomic policies of its member countries 185 member countries. It is an organization formed to stabilize international exchange rates and facilitate development and offers highly leveraged loans mainly to poorer countries.
The IMF's gold policies have changed in the last quarter century, but the reserves remain in place for use in stabilizing international markets and aiding national economies. The IMF's official policy on gold as it is stated on the organization's website is governed by the following principles:
- As an undervalued asset held by the IMF, gold provides fundamental strength to its balance sheet. Any mobilization of IMF gold should avoid weakening its overall financial position.
- The IMF should continue to hold a relatively large amount of gold among its assets, not only for prudential reasons, but also to meet unforeseen contingencies.
- The IMF has a systemic responsibility to avoid causing disruptions to the functioning of the gold market.
- Profits from any gold sales should be used whenever feasible to create an investment fund, of which only the income should be used.
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