Monday, April 20, 2009

The IMF as the New Front Organization for Elitist Banker Control of the World

Disturbing new out of the Washington Post.

WaPo's Anthony Faiola reports plans are in the works to make the International Monetary Fund the "Bank of the World". The plan includes further development of a currency ( possibly further expanded use of SDRs?) that would allow the IMF "to print its own money, it would have the ability to inject liquidity into global markets in a way once limited to central banks such as the Federal Reserve."

Regardless of any public posture, this is a U.S. plan. Government insiders know the days of dollar international dominance will end soon. The U.S. wants to be in a position to have major influence over its successor.

According to WAPo, the plan also envisions, the IMF moving toward "taking a lead role as a global financial watchdog."

To keep all this in perspective, you have to understand that the IMF is a tool of elitist banks. For the most part, its role has been enforcer when an emerging market country fell behind in payments on money loaned out by the elitist banks. The IMF would step in and put the country on an "austerity" program to ensure the banks were repaid. The austerity program went something like this, "Nobody gets anything to eat, except bread and water, until all the money is paid back."

To now make the IMF "bank of the world" is about the same thing as an enforcer, who stops by regularly to make sure your neighbor's payments to the local loan shark are made on time, suddenly deciding to move into your house, sleep on your couch and put himself in charge of balancing your checking account and handling your credit cards.

This is very, very alarming. It's now clear the road to serfdom is a road paved by elitist banks and will likely be patrolled by the IMF.

"The IMF is changing, and with it, there will be a sea change in the way the world economy is run," WaPo quotes C. Fred Bergsten, director of the Peterson Institute for International Economics as sayng. "Their role will dramatically shift. You're talking about monitoring fiscal stimulus, moving toward tighter regulations for financial institutions. You're talking about global economic management in a way we have never seen."

1 comment:

  1. Recently we have seen the appointment of unelected "technocrats"(bankers) to lead the governments of Greece and Italy, an agreement for the US to set up a military base in Darwin; and US domination of the TARP negotiation for free trade in Asia Pacific. These look like further steps in the banks plan to dominate the world money supply