Difference between revisions of "International Monetary Fund"
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| − | + | "Research shows clearly that the policies prescribed by the IMF have, among other things, not produced strong or sustainable growth; opened countries, communities and families to new vulnerabilities; exacerbated inequalities, which puts a brake on growth, stresses political systems to the breaking point, and engenders new and powerful forms of criminality and social tension. | |
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| + | [[Bolivia]] has been a model student of such "reforms", and is now also a showcase for the contradictions and crisis these policies engender." [http://www.zmag.org/content/showarticle.cfm?SectionID=52&ItemID=4359] | ||
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| + | *[[Nancy P. Jacklin]], U.S. Executive Director, International Monetary Fund | ||
== Other Related SourceWatch Resources == | == Other Related SourceWatch Resources == | ||
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*[[bank]] | *[[bank]] | ||
*[[Bank for International Settlements]] | *[[Bank for International Settlements]] | ||
Revision as of 09:53, 19 October 2003
The International Monetary Fund (IMF) dates from the 1944 Bretton Woods Agreement. National debt was transferred to an incorporated United States government and was "quit-claimed into the newly formed International Monetary Fund ... in exchange for the power allowing US Inc.'s President the right of naming (seating and controlling) the governors and general managers of the International Monetary Fund, The World Bank for Reconstruction and Development, and the Inter-American Bank also formed in that agreement (codified at United States Code Title 22 § 286). It must be noted that this act created an unlawful conflict of interest between US Inc. (with its new foreign owner) and its purpose of carrying out the business needs of the national government. This is the cause of our use of the term original-jurisdiction government. With the new foreign owner of US Inc. a conflict of interest is created between the national government and US Inc., even though the contracted purpose of US Inc. has not changed on its face."[1]
"Research shows clearly that the policies prescribed by the IMF have, among other things, not produced strong or sustainable growth; opened countries, communities and families to new vulnerabilities; exacerbated inequalities, which puts a brake on growth, stresses political systems to the breaking point, and engenders new and powerful forms of criminality and social tension.
Bolivia has been a model student of such "reforms", and is now also a showcase for the contradictions and crisis these policies engender." [2]
- Nancy P. Jacklin, U.S. Executive Director, International Monetary Fund
Other Related SourceWatch Resources
- bank
- Bank for International Settlements
- banking
- Federal Reserve System
- U.S. Department of the Treasury
External Links
Bretton Woods
