The World Bank
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The World Bank explained in 7 Easy Steps
Here's how it works, and in one way,shape or form it fits every country.
Lend money to desperate countries and key private industries. Included in the loan is the stipulations that eradicate local subsidies and remove trade barriers in the pretense of free trade.
The market is then flooded with foreign goods at extremely reduced prices.
The borrower cannot compete.
The borrower goes out of business and the country becomes dependent on foreign goods.
The price for the foreign goods rise causing the people to become more impoverished.
The borrower loses his business or industry to the lender (the bank).
If the state is the borrower the lender requires that services are cut and taxes are raised to pay the debt.
This is how a corporation monopolizes an industry as well and this method is being used today to control the whole world. A perfect example is China. The world's wages are being driven down because of third world wages. The logic that allowed this was free trade just as if it was a commodity. Other countries lose jobs because they can't compete with third world wages. The nations borrow money to keep things afloat and when they can't pay the money back services are cut and taxes are raised to pay the debt.
This occurs over and over again. All you have to do is substitute the product or industry. It could be oil, or milk, wheat or jobs. It doesn't matter. What matters is the systematic impoverishment of the people. The IMF, the World Bank. the World Trade Organization, they are all evil criminals that should be hunted down like Nazi war criminals, tried and executed.
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Did you already know how the World Bank worked?
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I like to make things simple so that people can grasp what is happening. Thanks for commenting and God Bless
Thanks, very good info.
You're welcome Vladimir
I'm with you, always looking for a way to simplify the subject in order to understand it. I like the way you did this.
Nice to see you in Chi-town Brie. Keep up the good work, info-warrior. We are breaking through the malaise, slowly but surely.
If the internet would have been around in the 40s and 50s the state we find ourselves in America would not have happened.
Damn Al Gore for not inventing it sooner. ;)
Thanks Sheila and you have a good point godbluff!
Thanks for the info Brie, I knew of this and hope others will understand it, I like how you make these matters easy for people to grasp. It does kind of show why America is falling to foreign countries so easily, we need to stand our ground. I like you pointed out the oil milk and wheat. I think we need to raise our prices on the foreign market for milk and wheat, it is easier to do without oil than food.
It's complicated, I'm not sure anything can be done because these people are so powerful now.
Brie, that was interesting,
Thanks, glad you liked it.
Great Post.
In addition - when the country defaults on the "Loan", The World Bank/IMF takes ALL the countries resources as it was the collateral for the loan.
That's right, thanks for commenting American Citizen, not U.S. Citizen
Confessions of an Economic Hit-Man is a great book to read about this process from a person - John Perkins - that worked in this process directly.
He lays it out from beginning to end how the process works.
He has 1 other book out as well on the subject, Part 2.
Yes, I have it and have read it, I didn't know that he had another one out, I'll be sure to get it. I have it advertised on other hubs but maybe I should put it on this one too.
Ok, added
LOL - Keep finding things to help inform...
If you haven't seen/read this, it will open some eyes:
http://www.afn.org/~govern/bankruptcy.html
And this isn't the 1st time.
Yes I've heard of it and then they put him in prison!
The pretense that the World Bank "helps" eliminate poverty couldn't be further from the truth. I would also encourage you to see what they are doing by privatizing the World's Water Supply in developing countries.
I have an article about that in general already, but thanks for pointing it out...they are completely evil.
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andromida Level 3 Commenter 2 years ago
excellent summery of world bank activities-your statements are absolutely true for my country.thanks friend.