Hi Operator,
The IMF and World Bank were set up to help war torn Europe after WWII. The didn't want a 'one world currency' as such, just kept exchange rates between participating countries within certain limits.
Later, when the economy of the world got better, the IMF started to finance loans to developing countries and the World Bank wouldn't help these countries (with even more loans) unless they were in hock with the IMF.
These loans were made with the agreement that these said countries gave up raw material, or sold it at very reduced prices to multinational companies (normally from the US). Now in Brazil, for example the majority of the problems in Amazônia is caused by said IMF.
I think that now the developing countries and their supporters are in a position to vote for another sort of IMF (it appears this one is on its' way out) if these countries could have all their debts wiped off the board, after all they have nothing to lose and the developed countries have everything to lose, especially the major powers.
But hey, I'm keeping my head down over here!
Best regards,
Steve
Quote:
Originally Posted by Operator
Well, well, look at this:
Financial Crisis: Gordon Brown calls for 'new Bretton Woods'
http://www.telegraph.co.uk/finance/f...ton-Woods.html
If you read this article you will find that IMF and worldbank came to life by Bretton Woods during WW II.
And we all know now what the economic hitman in Zeitgeist Addendum told us.
So it's the same trick again with the end result one world currency ... probably ?
Who knows ...
Cheers |