- Stay Connected
Socialize
Barack Obama
We have policies that are accelerating the most destructive trends of the global economy...
The IMF will lend money: Towards a Global Bank?
The trend of making debt and lending money is supported by even the most international financial institution, the IMF.
The International Monetary Fund will propose at the G20 summit in Cannes, a new instrument to help countries suffering the withdrawl of capital. This credit instrument will consist of lending money to emerging countries with no real compensation or control. At the last meeting of G20 finance ministers were mandated to do so. This instrument consists of a provision of short-term liquidity. This external debt to a supra-national institution such as the IMF will lead ultimately to a world bank which would mutualize the debt of all the countries and therefore indefinitly enslave its people.
This clever move from the IMF would indeed lead to a global bank that would control counries debt. In case of growing financial crisis, emerging countries could adopt those loans because there won’t be any other choice for them. They nearly all have entered in the capital systemen and they need liquidities to avoid economic collapses as much as any occidental countries do.
The technical details of this instrument will be defined in the coming weeks or months, depending on the economic situation but for its launch, the IMF will need the approval of the countries represented at the G20. Currently the IMF has 400 billions dollars to lend. The financial institution will seek to improve that amount by two at least over 2012.
Socialize
Recent Comments