America's Agony, page 16

Here are some facts on the IMF's fiscal policies. Economics are indifferent to culture, (human's are all one race.)

The Giant Tape Worm. It's not just America's misery, it's a war on the poor.

These are 10 conditions countries must meet to obtain an IMF loan.

1.) Eliminate and reduce government controls over imports. Justification: Transfer decisions on the use of foreign exchange to the free market. Result: Market is flooded with imports, same phenomena that led to the Boston Tea Party.

2.) Devalue the currency. Justification: Devaluation brings down the price of exports and this allegedly increases exports allowing the debtor to earn the money to pay the debt. Result: Population can't afford imports and everything made in country is exported.

3.) Restrict availability of credit and raise interest rates. Justification: Control inflation. Result: Causes inflation.

4.) Limit or reduce government spending and deficits. (social spending) Justification: Tight money policy. Result: Leads to reduction in services, health care, etc.

5.) Raise Taxes. Justification: Curb purchasing power to fight inflation. Result: Less money circulating within market.

6.) Increase prices of public services. Justification: Increse revenue and reduce public spending. Result: Demoralize the people.

7.) Abolish government subsidies for food and transportation. Justification: Limit government spending. Result: Outlaws trade unions creates starvation.

8.) Control wages. Justification: Control inflation. Result: Suppresses purchasing power.

9.) Eliminate price controls. Justification: Free market policy. Result: Leads to price gouging.

10.) Open country to foreign investment. Justification: Free market economy. Result: Economy is controlled by outside investor's. Loss of National identity and government has no access to own resources.

This is a memo sent from the council on foreign relations to Clinton upon his taking office.

"The task is much more complicated and difficult than Clinton makes it out. First the president has not prepared the nation for the sacrifices that lie ahead if America's trajectory is to turn upward.
Second, he has yet to explain the complex obstacles to restarting the American economy when there is a recession in Japan and Europe.
Third, he has yet to confront the delicate problem of pleasing powerful financial markets which are all too ready to unleash their fury at the administration's first fiscal misstep.
Now that the election is over the new president will have to move quickly to deliver the tough message and make agonizing decisions. **In the CNN age, when indelible impressions are instantaneously formed around the world and when wall street and it's foreign counterparts can bring policy makers to their knees overnight**, Clinton's first hundred days are not just an opportunity to unfold a new agenda, rather they just as equally present a mine field that could blow up and damage his administration for the next four years.
Clinton's immediate priorities should be both offensive and defensive and defined in terms that are crystal clear and that reduce the cancerous budget deficit." (social spending)

Quigley's is a friend and advisor to Clinton, these are his precedents for the decline of civilization:

The most important reasons for decline are the breakdown of internal investment, ie. manufacturing and technology.

Decline in the rate of growth and expansion. An increase in class conflict, Increasingly frequent and violent imperial wars.

No abundance of resources. No strong economy - all towards military spending.

Growing irrationality, otherworldliness, superstition and the absence of good; growing skepticism in anything good.

[edit on 9-11-2006 by clearwater]