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IMF's Four Steps to Damnation

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posted on Dec, 17 2010 @ 07:52 PM

Step One is privatisation. Stiglitz said that rather than objecting to the sell-offs of state industries, some politicians - using the World Bank's demands to silence local critics - happily flogged their electricity and water companies. 'You could see their eyes widen' at the possibility of commissions for shaving a few billion off the sale price.

After privatisation, Step Two is capital market liberalisation. In theory this allows investment capital to flow in and out. Unfortunately, as in Indonesia and Brazil, the money often simply flows out.

At this point, according to Stiglitz, the IMF drags the gasping nation to Step Three: market-based pricing - a fancy term for raising prices on food, water and cooking gas. This leads, predictably, to Step-Three-and-a-Half: what Stiglitz calls 'the IMF riot'.

The IMF riot is painfully predictable. When a nation is, 'down and out, [the IMF] squeezes the last drop of blood out of them. They turn up the heat until, finally, the whole cauldron blows up,' - as when the IMF eliminated food and fuel subsidies for the poor in Indonesia in 1998. Indonesia exploded into riots.

Now we arrive at Step Four: free trade. This is free trade by the rules of the World Trade Organisation and the World Bank, which Stiglitz likens to the Opium Wars. 'That too was about "opening markets",' he said. As in the nineteenth century, Europeans and Americans today are kicking down barriers to sales in Asia, Latin American and Africa while barricading our own markets against the Third World 's agriculture.


This is it, the plans were already revealed in 2001 on how the international bankers will finally takeover nations.

1. Privatization
2. Capital Market Liberalization
3. Market Based Pricing
4. Free Trade

The first step is simple bribery, the IMF offers the leaders enticing offers if they privatize public utilities. The second step is where taxes on foreign investment is dropped leading to huge foreign investment in real estate and currency then they sell-off and the economy plummets this is when the IMF comes in offering a bailout if they raise interest rates to insane levels. The third step leads to essential goods being raised in price dramatically during an already damaged economy leading to social unrest and riots. This social unrest chases out foreign investment, this allows for corporations to purchase the nations remaining assets at incredibly low prices. This unfettered free trade leads to massive outsourcing further destroying a nation’s economy.

Really great read on central banking >>
edit on 12/17/2010 by Misoir because: (no reason given)

posted on Dec, 17 2010 @ 09:47 PM
Naomi Klein did a good job of covering this in her book The Shock Doctrine.

In THE SHOCK DOCTRINE, Naomi Klein explodes the myth that the global free market triumphed democratically. Exposing the thinking, the money trail and the puppet strings behind the world-changing crises and wars of the last four decades, The Shock Doctrine is the gripping story of how America’s “free market” policies have come to dominate the world-- through the exploitation of disaster-shocked people and countries.

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