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Old 11-13-2008, 04:56 PM   #4
Asterion
Avalon Senior Member
 
Join Date: Sep 2008
Location: Michigan
Posts: 5
Default Re: Stunned Icelanders Struggle After Economy’s Fall

Iceland beware the IMF who comes to "rescue" you.

The International Monetary Fund allows countries to fail through a financial, natural or manipulated crisis. During the crisis the IMF bails out the country at an exorbitant interest rate that keeps the country enslaved to the bank. They then allow private investors to buy up the countries assets. All of them including the utilities and all natural resources that generate revenues for pennies on the dollar. If that is not enough the IMF insists on stipulations and demands such as cutting social services that would help the poor and unemployed.

I suggest reading the book "The Shock Doctrine" by Naomi Klein to get the full understanding of this "shock and awe" treatment that has been used on many a country. South America was the testing ground for these policies beginning some time in the 1960's. Argentina, Chili, Bolivia and more are still trying to recover and fight off these predatory banking manipulations, sadly and to my shame, backed by the US government.

Definition of capitalism - greed. It moves our world and shapes our governments, policies and lives. Fight to keep your country your own. Some say the United States has fallen victim to it's own machinations. I say that was the plan all along. Greed has no loyalties or alliances.

http://www.naomiklein.org/shock-doctrine
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