The Party and the Ballot Box Sun Jul 14, 2019 22:24 | Gavin Mendel-Gleason
On The Decline and Fall of The American Empire and Socialism Sat Jan 26, 2019 01:52 | S. Duncan
What is Dogmatism and Why Does It Matter? Wed Mar 21, 2018 08:10 | Sylvia Smith
The Case of Comrade Dallas Mon Mar 19, 2018 19:44 | Sylvia Smith
Review: Do Religions Evolve? Mon Aug 14, 2017 19:54 | Dara McHugh
Spirit of Contradiction >>
Interested in maladministration. Estd. 2005
Did RTE journalists collude against Sinn Fein?
Irish Examiner bias Anthony
RTE: Propaganda ambush of Sinn Fein Anthony
Hong Kong and democracy Anthony
Oliver Callan: Back in his box Anthony
Public Inquiry >>
A bird's eye view of the vineyard
US national media is useless ? so tell me the good local news sources? Sat Jul 04, 2020 22:09 | amarynth
by Ramin Mazaheri for the Saker Blog During the recent wave of rebellions in the US I was reminded of just how woefully, woefully inadequate the US nationwide media truly
Netherlands ?Justice? Is Totally Corrupt: MH17 Case as Example Sat Jul 04, 2020 18:42 | amarynth
by Eric Zuesse for the Saker Blog On Friday, July 3rd, the judge in the Netherlands court case against Russia as having fired a Buk missile that brought down the
String Of ISIS Attacks Continues In Syrian Desert Fri Jul 03, 2020 22:52 | amarynth
South Front Since the start of the week, the Syrian Army has repelled several ISIS attacks on its positions in the desert in central Syria. The most recent attack took
Syria Prepares For Military Confrontation With Turkey In Northeast Thu Jul 02, 2020 22:22 | amarynth
South Front The Syrian Army and the National Defense Forces have put their forces on high alert in response to the new round of aggressive actions by the Turkish Army
With Fire and Sword: Obama?s black crusaders and the war in the Ukraine Thu Jul 02, 2020 22:16 | amarynth
By Ken Leslie for the Saker Blog 1. How to be progressive in America As some readers of my previous essays recall, I devoted quite a lot of space to
The Saker >>
A Blog About Human Rights
Human Rights Fri Mar 20, 2020 16:33 | Human Rights
Turkish President Calls On Greece To Comply With Human Rights on Syrian Refugee Issues Wed Mar 04, 2020 17:58 | Human Rights
US Holds China To Account For Human Rights Violations Sun Oct 13, 2019 19:12 | Human Rights
UN Human Rights Council Should Address Human Rights Crisis in Cambodia Sat Aug 31, 2019 13:41 | Human Rights
Fijian women still face Human Rights violations Mon Aug 26, 2019 18:49 | Human Rights
Human Rights in Ireland >>
The Real Purpose Of The IMF
Sunday July 13, 2014 13:00 by Luke Eastwood
An analysis of what the IMF is really about...
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.
This has happened in Europe recently, with countries such as Greece, Portugal, Ireland and even Spain and Italy faced with the prospect of having to sell off national assets in order to finance repayment of loans to either the IMF or EU. Private consortiums, 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 population.
At the moment the Ukrainian people might welcome the IMF but you can be sure that in a short time the country will be financially raped and the population plunged into even worse poverty as a result of IMF ‘assistance’. 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.
Any country with sense (like Iceland) would show the IMF the door and find a better way of clawing its way out of economic problems. Iceland is a perfect example of how a country could solve its own problems – but no-one in the media talks about this – the corpocracy does not want anyone else getting the same idea. Surely, if every nation took the same actions the corporate take over of sovereign nations would fall flat on its face wouldn’t it?