Imf Quotes

“The good thing about the IMF is there is no European politics involved.”

“Say goodbye to the IMF once and for all as the IMF's conditions enriches the rich and impoverishes the poor.”

“IMF is really designed to protect creditors not debtors.”

“Everything is argued over in this world. Apart from only one thing that is not argued over. Nobody argues about democracy. Democracy is there as if it was some sort of saint in the altar from whom miracles are no longer expected. But it’s there as a reference. A reference. Democracy. And no-one attends to the matter that the democracy in which we live is a democracy taken captive, conditioned, amputated. Because the power..the power of the citizen, the power of each one of us, is limited, in the political sphere, I repeat, in the political sphere, to remove a government that we do not like and replace it with another one that perhaps we might like in the future. Nothing else. But the big decisions are taken in a different sphere, and we all know which one that is. The big international financial organisations, the IMFs, the World Trade Organisations, the World Banks, the OECDs. All..not one of these entities is democratic. And so, how can we keep talking about democracy, if those who effectively govern the world are not chosen democratically by the people? Who chooses the representatives of each country in those organisations? Your respective peoples? No. Where then is the democracy?”

“Beyond the speculative and often fraudulent froth that characterizes much of neoliberal financial manipulation, there lies a deeper process that entails the springing of ‘the debt trap’ as a primary means of accumulation by dispossession. Crisis creation, management, and manipulation on the world stage has evolved into the fine art of deliberative redistribution of wealth from poor countries to the rich. I documented the impact of Volcker’s interest rate increase on Mexico earlier. While proclaiming its role as a noble leader organizing ‘bail-outs’ to keep global capital accumulation on track, the US paved the way to pillage the Mexican economy. This was what the US Treasury–Wall Street–IMF complex became expert at doing everywhere. Greenspan at the Federal Reserve deployed the same Volcker tactic several times in the 1990s. Debt crises in individual countries, uncommon during the 1960s, became very frequent during the 1980s and 1990s. Hardly any developing country remained untouched, and in some cases, as in Latin America, such crises became endemic. These debt crises were orchestrated, managed, and controlled both to rationalize the system and to redistribute assets. Since 1980, it has been calculated, ‘over fifty Marshall Plans (over $4.6 trillion) have been sent by the peoples at the Periphery to their creditors in the Center’. ‘What a peculiar world’, sighs Stiglitz, ‘in which the poor countries are in effect subsidizing the richest.”

“The Christmas IslandsAround the world there are four separate islands that have been dubbed “Christmas Island.” Canada has one in Nova Scotia which is a community on Cape Breton Island. Another one is off the New Year Island Group north-west of Tasmania, and then there is Little Christmas Island a part of the Schouten Island Group off eastern Tasmania. Another Australian Christmas Island is an island territory in the Indian Ocean. Finally there is Kiritimati, formally called "Christmas Island.” Kiritimati is a direct translation from English to the Kiribati language. It is a small island of the Central Pacific Ocean Nation of Kiribati lying 144 miles north of the Equator. The entire population of the Republic of Kiribati is just over 100,000 people half of which live on Tarawa Atoll. With the Earth’s climate changing the entire nation is in danger of disappearing into the Pacific Ocean. The 33 atolls and islands comprising the country have a total of 310 square miles and are spread out over 1,351,000 square miles. Kiribati is a member of the Commonwealth of Nations, the IMF and the World Bank, and is a full member of the United Nations.“Christmas Island” or Kiritimati has the greatest land area of any coral atoll in the world and comprises about 70% of Kiribati’s land mass with about 150 square miles. The atoll is about 150 km (93 mi) in perimeter, while the lagoon shoreline extends for over 30 miles. The entire island is a Wildlife Sanctuary. It lies 144 miles north of the Equator and is one of the first place on Earth to experience the New Year. Merry Christmas and Happy Holidays. Thank's for following my Blogs & Commentaries throughout the past year. It's been a hoot! Best Wishes for a wonderful 2017. Captain Hank Bracker & crew;”