IMF

The Five Fingers of Death

You know, they’re schemers: Schemers trying to control their worlds. I’m not a schemer. I try to show the schemers how pathetic their attempts to control things really are…You know what, you know what I noticed? Nobody panics when things go according to plan: Even if the plan is horrifying. If tomorrow I tell the press that like a gang banger will get shot, or a truckload of soldiers will be blown up, nobody panics, because it’s all part of the plan.
— Heath Ledger’s Joker, The Dark Knight, 2008

The Real Purpose of the IMF

To much trumpeting the IMF have kindly agreed to help out desperate and war torn Ukraine. How wonderful they are we are all meant to think, but the truth couldn’t be more opposite.
The International Monetary Fund was set up in 1945, describing itself as an “organization of 188 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.”

BRICS create new Development Bank as well as a $100 billion foreign currency reserves pool

By Helmo Preuss | The BRICS Post | July 15, 2014 Fortaleza, Brazil – After some tough rounds of negotiations, BRICS nations (Brazil, Russia, India, China and South Africa) have created not only a new $100 billion Development Bank, but also a $100 billion foreign currency reserves pool. The announcement was made after a plenary […]

World of Resistance (WOR) Report

In Part 1 of the World of Resistance (WoR) Report, I examined today’s global order – or disorder – through the eyes of Zbigniew Brzezinski, a former U.S. National Security Adviser and long-time influential figure in foreign policy circles. Brzezinski articulated what he refers to as humanity’s “global political awakening,” spurred by access to education, technology and communications among much of the world’s population.

Who Shot Argentina?

To this day, there is no love lost between the IMF and Argentina, since the fund presided over Argentina’s terrible economic collapse of 1998-2002, as well as numerous failed policies in the years prior. But when the U.S. Court of Appeals for the Second Circuit ruled in favor of vulture funds trying to collect the full value of Argentine debt that they had bought for 20 cents on the dollar, even the IMF was against the decision.
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The West Marches East

In Part 1 of this series – ‘The West Marches East’ – I examined the circumstance that while Russia has received the majority of the blame for the more than six-month-crisis in Ukraine, these events did not take place in a vacuum, and, in fact, the Western powers and institutions – notably the United States, NATO and the European Union – have broke promises made at the end of the Cold War to expand NATO – a Western military alliance that was created in opposition to the Soviet Union – to Russia’s

Neoliberalism and the Subjugation of Latin America

From the late 1940s to the early 1970s, Latin America proved to the world that it was poised to grow. Its collective determination for social equality and economic reform promised many viable alternatives to alignment with Washington. Despite the fact that the region was by no means a fabric of interwoven utopias, Latin America was still able to distribute wealth and to sustainably grow sans the flavor of capitalism espoused by the US.