Posted on 08/07/2011 9:08:35 AM PDT by barmag25
Your understanding of the IMF is too clouded to prove you wrong.
Have you read Creature from Jekyll Island? If not, you need to read that first.
Actually, you don’t need to read the entire book. Just read the section regarding the founding of the IMF, who was behind it, what their beliefs were, and the objectives of the IMF.
Other books that may be of assistance: “None Dare Call it Conspiracy,” “None Dare Call it Treason,” “The Naked Communist,” and “Death of the West” (by Buchanan).
The US does not benefit from the IMF, unless you consider taking US taxpayer dollars and giving them to third-world Marxist dictators some sort of benefit.
One of the main reasons for the existence of the IMF is to ensure that investment banks and investors (typically in New York,Paris, Frankfurt and London and largely American owned) don't lose their money when economies collapse.
Prove me wrong.
Now if your argument is that the likes of Goldman Sachs, Morgan Stanley and Citigroup are (a) not American and (b) do not benefit the American people, then you'd have to explain (a) whether they are Chinese or Russian owned and (b) who exactly do they benefit - Latin American nations? African nations?
And don't tell me you didn't benefit from the likes of Goldman Sachs - you enjoyed at least two decades of easy credit. Where and how do you think the money came about?
American politicians of all stripes blow a lot of hot air and tell a lot of half-truths.
All post-war American presidents (Reagan inclusive) have had very close working relationships with the IMF. (Consider me as someone you knows a thing or two about the IMF (without revealing too much about my background)).
No major IMF policy can be carried without US approval - the US has almost 18% of the voting rights and is the only country able to block a super majority on its own. If the US has so much power, to what use has it been put over the years? The lazy thing to do is to blame Soros and other nebulous figures and fail to seriously consider what your elected representatives have been doing for the past 70 years.
All heads of the World Bank since Bretton Woods have been Americans, nominated by the American Government - Republican and Democrat.
Many Americans don't know how the World's economy really works and some even when they do, fail to take responsibility for America's role in it. You proudly claim that you elect your leaders - good. If your leaders through negligence or malice screw up the World's economy, then you have to take responsibility.
You weren't interested when the IMF and World Bank were busy screwing up Russia in the 1990s, Latin America in the 1980s and East Asia in the late 1990s. The Asians have set up their own bank and the irresponsibility of the IMF led to the rise of Putin.
Very good. That's the 600 lb gorilla in the room.
Billions annually to those who support our enemies, and a trade imbalance to boot.
We can do away with some of that by producing more of our own.
Not Obama's plan, he's just the current poster child.
This has been in the works for a couple of decades (when I first heard of it), but we were told that was just wild-eyed 'conspiracy theory'.
Can you say "New World Order"?
I thought China had spent a bunch of our debt buying up natural resources around the world (oil, mineral rights, etc.). I know they are still holding a substantial amount of US debt, but how much is that, now?
30 extended families control the planet.
THAT was a charade.
The Soviets’ Marxism has been scheduled to be merged with a monopolistic tyrannical global ‘capitalism’ for decades.
They are very close to achieving it overtly as they almost have more thoroughly under the table.
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