The IMF and the World Bank were established 1944 at the Bretton Woods conference. These organizations regulated the economies of all nations of the so called free world during the cold war. IMF and World Bank policies made sure, that poor nations are staying poor nations depending on exportation of their resources. During the (so called) cold war the populace of the (so called) first world were granted a small share of the profits made. Just enough to maintain the illusion of safe pensions and always growing over-all wealth to prevent the people from choosing the communist model instead of capitalism. After the collapse of the Sovjet Union former Warsaw pact countries (and also Switzerland who managed to stay officially outside of the IMF but covertly followed (and profiteered from) IMF policies since the beginning) had to join. And so did Russia. Still today all countries are mandatorily backing their currencies with the dollar which allows the US to finance their global domination. Those countries who dare to apply an IMF-nondependent monetary system are threatened to get bombed into the stone age (as was committed against Iraq after Saddam Hussein decided to sell Iraqi crude in other currencies than the dollar) and Libya, where Gaddafi was using the profit of exporting Libyan crude not only to make the Libyan currency independent from the dollar but was also on the way to launch an independent pan-African currency which would have terminated the century long looting of Africa. Other countries not obeying IMF rule are Cuba, North-Korea and Iran and since quite recently also Hungary. After the end of the Yeltsin governance - where the looting of Russian resources and infrastructure boomed and the people fell in severe poverty the new elected Putin government successfully stopped some of the worst oligarchs by re-nationalization of core resources and successfully started to pay off all (¿or most?) of the debt accumulated in the Yeltsin era. The ultra wealthy Western Elite (which in fact owns not only all the major corporations and banks but also the IMF, the World Bank and most of the government actors in so called free and democratic societies) can not allow any country to escape their dominion and thats why all the orchestrated vilification of Russia and the Russian president was launched in all our corporate owned so called free Western media.
Posted on: Sun, 24 Aug 2014 10:50:50 +0000
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