IMF's epic plan to conjure away debt and dethrone bankers

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posted on Oct, 29 2012 @ 11:29 AM
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IMF's epic plan to conjure away debt and dethrone bankers


www.telegraph.co.uk

So there is a magic wand after all. A revolutionary paper by the International Monetary Fund claims that one could eliminate the net public debt of the US at a stroke, and by implication do the same for Britain, Germany, Italy, or Japan.
(visit the link for the full news article)


Related News Links:
www.imf.org




posted on Oct, 29 2012 @ 11:29 AM
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The International Monetary Found goes at war against private Bankers? Seems so, according with this "Chicago Plan Revisited".
Specifically, it means an assault on "fractional reserve banking". If lenders are forced to put up 100pc reserve backing for deposits, they lose the exorbitant privilege of creating money out of thin air.

The Greed Bankers world-wide will have great trouble earning its keep if any variant of the Chicago Plan ever gains wide support.

Advantages of the Chicago Plan Revisited:


[...]The first advantage is that it permits much better control of what Fisher and many of his contemporaries perceived to be the major source of business cycle fluctuations, sudden increases and contractions of bank credit that are not necessarily driven by the fundamentals of the real economy, but that themselves change those
fundamentals.

The second advantage is that having fully reserve-backed bank
deposits would completely eliminate bank runs, thereby increasing financial stability, and
allowing banks to concentrate on their core lending function without worrying about
instabilities originating on the liabilities side of their balance sheet.

The third advantage of the Chicago Plan is a dramatic reduction of (net) government
debt. The overall outstanding liabilities of today’s U.S. financial system, including the
shadow banking system, are far larger than currently outstanding U.S. Treasury liabilities.

The fourth advantage is the potential for a dramatic reduction of
private debts. As mentioned above, full reserve backing by itself would generate a highly
negative net government debt position. Instead of leaving this in place and becoming a
large net lender to the private sector, the government has the option of spending part of
the windfall by buying back large amounts of private debt from banks against the
cancellation of treasury credit. Because this would have the advantage of establishing
low-debt sustainable balance sheets in both the private sector and the government, it is
plausible to assume that a real-world implementation of the Chicago Plan would involve
at least some, and potentially a very large, buy-back of private debt.

edit on 29-10-2012 by Arken because: (no reason given)



posted on Oct, 29 2012 @ 11:38 AM
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Already been covered here.



Oh and...




The Greed Bankers world-wide will have great trouble earning its keep if any variant of the Chicago Plan ever gains wide support.



The IMF is/has been the nasty arm of "greed bankers" by putting countries into unrealistic debt, then requiring them to sell off their resources at undervalued prices. (Africa).

Just watched a doc yesterday claiming the gold mined in Africa... 3% stays in the country while 97% goes out. Still in debt? You betcha.

I wouldn't put my money on anything these people suggest being a huge change for the better. Not necessarily saying it's inherently bad either... but...
edit on 29-10-2012 by boncho because: (no reason given)


ETA: Found the name of the doc Arken: "Let's make money" Link, most of it is in Austrian with English subs. A little slow but worth the watch.
edit on 29-10-2012 by boncho because: (no reason given)



posted on Oct, 29 2012 @ 11:40 AM
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reply to post by boncho
 


Thanks boncho.


I miss it.
Sorry mod.



posted on Oct, 29 2012 @ 11:41 AM
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This is very interesting, but one has to ask, why the IMF would go to war against private banks when they themselves are often implicated in the financial implosion and destruction of countries? The IMF are the sleazy loan sharks of the world.


The World Bank - IMF is owned and controlled by NM Rothschild and 30 to 40 of the wealthiest people in the world. For over 150 years they have planned to take the world over through money. The former chief economist of the World Bank, Joe Stiglitz, was fired recently. He pointed out to top executives that every country the IMF/World Bank got involved in ended up with a crashed economy, a destroyed government, and sometimes in flames with riots.


www.unitypublishing.com...


The International Monetary Fund and the World Bank were created in 1944 at a conference in Bretton Woods, New Hampshire, and are now based in Washington, DC. The IMF was originally designed to promote international economic cooperation and provide its member countries with short term loans so they could trade with other countries (achieve balance of payments). Since the debt crisis of the 1980's, the IMF has assumed the role of bailing out countries during financial crises (caused in large part by currency speculation in the global casino economy) with emergency loan packages tied to certain conditions, often referred to as structural adjustment policies (SAPs).

The IMF now acts like a global loan shark, exerting enormous leverage over the economies of more than 60 countries. These countries have to follow the IMF's policies to get loans, international assistance, and even debt relief. Thus, the IMF decides how much debtor countries can spend on education, health care, and environmental protection. The IMF is one of the most powerful institutions on Earth -- yet few know how it works.


www.globalexchange.org...

The only thing I can think of that makes any sense is, the IMF doesn't like competition. They want to be the sole survivor in these financial wars. Although fractional reserve banking is causing a lot of problems, one has to wonder why the biggest financial criminal of them all suddenly cares about what the big banks are doing.



posted on Oct, 29 2012 @ 11:48 AM
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Originally posted by FissionSurplus
This is very interesting, but one has to ask, why the IMF would go to war against private banks when they themselves are often implicated in the financial implosion and destruction of countries? The IMF are the sleazy loan sharks of the world.



The IMF is the puppet of the bankers.
The banks pull the strings.

The Chicago plan is mere wishful thinking.



posted on Oct, 29 2012 @ 11:54 AM
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reply to post by VforVendettea
 


Wishful thinking.....or distraction so people don't see their real crimes? Kinda like the politicians who rail against prostitution, when they themselves use one at every opportunity.



posted on Oct, 29 2012 @ 03:38 PM
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Nice debate going on...
What if all this with "Chicago Plan" is just what Rotschilds want? They plan a few steps ahead and I guess that this is their future opportunity for blackmail. Rothschilds will later use this "chicago plan" to forgive all debt if people choose to accept communist NWO. And ignorant people will accept their solution presented by IMF.
Combine this information with "BlueBeam Project" theory and you got one of the wildest conspiracy theory EVARR!



posted on Oct, 29 2012 @ 03:42 PM
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from the pdf .......


This Working Paper should not be reported as representing the views of the IMF.

The views expressed in this Working Paper are those of the author(s) and do not necessarily represent
those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are
published to elicit comments and to further debate.


The Chicago Plan Revisited

I think the original from 1936 was simply a BeeEss way to make some people comfortable.

"Hope & Change" of the day


They never ever had a real intention of doing it.


Introduction

The decade following the onset of the Great Depression was a time of great intellectual
ferment in economics, as the leading thinkers of the time tried to understand the apparent
failures of the existing economic system. This intellectual struggle extended to many
domains, but arguably the most important was the field of monetary economics, given the
key roles of private bank behavior and of central bank policies in triggering and
prolonging the crisis.


They always use the "intellectual" jargon.

Almost sounds like a "commie" deal.



posted on Oct, 29 2012 @ 05:50 PM
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I strongly urge you to make you acute and significant contributions to the existing thread... this topic is one for the archives!

Thread closed:

Continue you posting here: www.abovetopsecret.com...





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