“Our dream: a world without poverty”. The lies and the criminal nature of the two international financial institutions, created under the Charter of the United Nations, but which the United States is the instigator of.
The facade of these institutions shows great intelligence. What pops out are investments in social infrastructure, schools, health systems, basic needs such as safe drinking water, sanitation – and even environmental protection – as part of the “fight against poverty,” that is, a world without poverty. But it is astonishing to see how much this “is not true today and was already true in the 1970s and 1980s”.
The International Monetary Fund is the United Nations-supported emission or expression of the world flight, the impoverishment of nations around the world, the exploitation of people, human rights violations, and the swallowing of enormous amounts of assets by the base, the people, the oligarchy, the ever smaller elite of enterprises – the so-called Bretton Woods institutions.
From the outset, colonization constituted a system of domination that benefited the great Western powers. The modalities of this domination were multiple, thus closing the colonized states even better.
In this analysis offered by Leo Njo Leo News, Didier Amani SANGARA looks at “economic and commercial domination […]”. Colonial politics is a daughter of industrial politics. Economic and financial motivations will play a central role after decolonization: the mode of domination will evolve, but dominance will remain. Those who held power at the time of the “beautiful colonies” therefore choose to become, during the 1960’s and 1970’s, “creditors and continue to pull the strings behind the scenes, more discreetly but equally relentlessly”.
The International Monetary and Financial Order After World War II
In 1944, the meeting at the Mount Washington Hotel in Bretton Woods, New Hampshire, United States, to “regulate the post-World War II international monetary and financial order”, which had brought together more than 700 delegates from 44 nations (allied with the World War II winners, including the Soviet Union) enabled the US, the self-proclaimed winner of the Second World War, to become “the master of the world’s financial order – which was not immediately visible, an agenda hidden from everyone’s sight”.
The IMF was formally created to “regulate” Western so-called convertible currencies, those that subscribed to the application of the rules of the new gold standard, namely 35 US dollars / Once Troy (environ 31,1 grammes). It should be noted that the “golden standard”, although also applicable to 44 allied nations, was linked to the price of “gold in US dollars”, and not based on a basket of the value of the 44 national currencies. “That was already a sufficient reason to question the future system.”
The World Bank, or the Bank for Reconstruction and Development (BIRD), was officially created to administer the Marshall Plan for the reconstruction of war-torn Europe. The Marshall Plan became a US donation and was named after US Secretary of State George Marshall, who proposed it in 1947. This plan provided “$13.2 billion in foreign aid to European countries” that had been physically and economically devastated by World War II. It was to be implemented from 1948 to 1952, a very short period of time, of course, and to extend to the early 1960s. In current terms, the Marshall Plan would be worth about ten times more, or about $135 billion.
The Marshall Plan was and is still a renewable fund, repaid by the countries concerned, so that it can be ceded. The Marshall plan money has been borrowed several times and has therefore been very effective. The European counterpart of the Marshall Fund administered by the World Bank was a newly created bank under the auspices of the German Ministry of Finance, the German Bank for Reconstruction and Development (KfW – German acronym for “Kreditanstalt für Wiederaufbau”).
KfW, as the World Bank’s European counterpart, still exists and is mainly devoted to development projects in the global South, now mainly through German government funds and loans on the German and European capital markets. KfW often cooperates with the World Bank in joint projects. Today, there is still a special department within the KfW that deals exclusively with the Marshall Plan Fund money. THE MARSHALL PLAN FUNDS ARE SPECIALLY SPECIAL AND WORTH INTEREST. FIRST, THE RECONSTRUCTION PLAN CREATED A LINK, A DEPENDENCE BETWEEN THE US AND EUROPE, the same Europe that was largely destroyed by Western allied forces, while World War II was mostly won by the Soviet Union, the enormous sacrifices of the USSR – with an estimated 25 to 30 million deaths.
“With the money of the Marshall Plan, the United States bought Europe’s alliance – NATO, a dependence that has not ended to this day – and which has prevented, and still prevents, Europe from establishing normal relations with Russia, even though the Soviet Union disappeared three decades ago.” The Cold War that followed World War II against the USSR – also based on flagrant lies – was the direct testimony to another Western propaganda farce – which most Europeans have not yet grasped. “The imposition by the United States of a reconstruction fund based on the US dollar,” not only created a “dependence on the European dollar, but also laid the foundation of a single currency, which must finally invade Europe and Africa – what we know today.”
Target of the International Monetary Fund (IMF) and the World Bank (BM).
It has become easier for the BM and the IMF to manipulate countries. And developing countries, mostly rich in natural resources coveted for the wealth of their territories “in oil, gold, copper and other minerals”, are targeted by the BM and the FM. They could benefit from debt relief, called a “structural adjustment loan”, whether or not they really need it. Today, “these loans have different names, shapes and colors, literally like color revolutions, for example, often in the form of budget aid operations – and no one controls what happens with the money.”
However, countries must restructure their economies, rationalize their public services, “privatize water, education, health services, electricity, highways, railways – and “give concessions abroad for the exploitation of natural resources”, privatizing a country – the country in the hands of Western foreigners. This is what is happening in some countries of the world under the control of the IMF – BM.
Most of these fraud – the fraud about “theft of national resources” – goes unnoticed by the general public, but countries are becoming increasingly dependent on Western payers – “the sovereignty of peoples and institutions has disappeared.” “There is always a corrupt and a corrupted one.” Often, for a large sum of money, countries are forced to vote with the US for or against certain United Nations resolutions that interest the US. And this is the corrupt United Nations system.
IMF-BM requirements
The World Bank and/or the IMF provide substantial aid, mainly in the form of debt relief, either in form of donations or low-interest loans. But with enormous conditions : you [GOVERNMENTS] MUST Follow WHO RULES, YOU MUST DO THE TEST RULes, AND MAKE THE VACCINATION, OBLIGATORY, OF THE PEOPLE WHEN THE Vaccine WILL BE DISPONIBLE. IF YOU COMPLY WITH THESE RULES AND OTHER COUNTRY-Specific Rules, SOME OF THEM AS Letting Western Companies Exploit YOUR NATURAL RESOURCES, CONTINUING PRIVATING YOUR SOCIAL INFRASTRUCTURES AND SERVICES, YOU CAN RECEIVE FINANCIAL AID FROM THE WORLD BANK AND THE IMF.
In May 2020, the World Bank Group announced that its emergency operations to combat COVID-19 had already reached 100 developing countries – where 70% of the world’s population lives – with loans of over $160 billion. This means that today, six months later and in the midst of the “second wave”, the number of countries and the amount of “help” loans or grants must have increased exponentially, reaching 193 United Nations member countries. This explains how all, literally all countries, even the most controversial African countries, such as Madagascar and Tanzania, among the poorest of the poor, have succumbed to coercion or blackmail by the infamous Bretton Woods institutions.
The consequences of antisocial measures imposed by the Washington-based institution in exchange for loans to be repayed at exorbitant interest rates have not disappeared. The international organization continues its work of “ECONOMIC GENDARM, WITHOUT THE PRICE TO BE PAYED BY THE POPULATIONS IN CONTACT, SO THAT NONE OF THES 189 MEMBER STATES WILL DIFFERENCE FROM THE NEOLIBERAL Path WITH THEM”.
©2023-Daniel MOMBELE, LNL News