The International Monetary Fund (IMF) has been described as one of the enforcers of globalization. Nations who receive IMF assistance are often forced to surrender more sovereignty and further open up their borders to international banks and multinational corporations. Much of their wealth is then sucked dry by foreign predators with its resources and population essentially becoming the collateral for such financial aid. As a result of the global economic crisis, many more nations are having to turn to the IMF for help. At the recent G-20 Summit in London, the IMF’s role was expanded and its powers enhanced. There was little mention of its failed policies and its less then stellar record of effectively promoting development and democracy around the world. While some talk of reform, the IMF continues to rape the world, one poor nation at a time.
The IMF: Raping The World, One Poor Nation at a Time
The US dollar has had its worst first half-year in more than 50 years, as the...
Trump posted a letter sent to Canadian Prime Minister Mark Carney in which he outlined the...
Federal Reserve chair Jerome Powell said earlier this morning that the central bank would likely have...
