The profane truth about the IMF

2024 Author: Seth Attwood | [email protected]. Last modified: 2023-12-16 15:55

What is the real role of the IMF in geopolitics? How can international organizations interfere in the internal affairs of other states? How do financial institutions seek to carry out manipulations in a foreign country? There are very specific answers to all these questions …

To understand whose interests are defended by International Monetary Fund, it is enough to know that according to the share of ownership (amount of financing) - The IMF is "owned" by America almost entirely.

The internal structure of the International Monetary Fund is only hiding behind a democratic screen. In fact, the weight of the voice in the structure is by no means the same. The role of each individual member of the organization is determined by the amount of his annual contribution, and the share of the vote, respectively, by the share of the funds allocated annually. In other words, the US voice is the most powerful in the IMF, at the expense of what exactly they determine his decisions.

At the same time, even if in the future China overtakes America in terms of capital investments, this will not mean that it will be the one who will manage the fund's decisions. Why? Because the United States has behind-the-scenes control not only over the dollar, but also over the financial mechanisms associated with the IMF.

We are talking about the so-called Big Three. The three are economic killers. A group of experts representing the European Central Bank, the European Union and the International Monetary Fund. Moreover, they represent them only formally. In practice they are subordinate to the financial interests of the American elites, and their task is to control how clearly the conditions of creditors are met in the country that received the loan.

In fact, it looks like this. Suppose in some poor country it is necessary to build a complex of buildings worth 100 million dollars. The country itself has only 50. It applies to the bank for financial assistance in the amount of the missing funds. However, the mayor, in whose city the construction is being carried out, is a rather cunning person, he gathers the heads of contractors and says: "let's change the estimate and write that the construction will cost 150 million, and we will divide the extra 50 among ourselves." Then he goes to higher authorities and "honestly" reports that, unfortunately, the construction will cost 150 million dollars, and not 100 as previously thought. Everyone agrees because they are not specialists and the construction company confirms his words.

The delighted mayor goes to the bank of the local structure. However, he has long been aware of such cases, does not want problems with the authorities and directly declares that he will not work with corrupt officials. The mayor cannot reveal the reasons for the fiasco, so he hastily goes to another bank, then to another. But everywhere he is denied. Then he contacts the IMF. The Monetary Fund instantly agrees, but at the same time says: "There are absolutely insignificant conditions, we will send several people to the city, and they will describe them to you in more detail."

"Economic killers" - the workers of the notorious Troika come, look around and say:

The corrupt mayor agrees to all the conditions and these two places open up on his land. JPMorgan employs more than a quarter of a million people worldwide and has a capitalization of hundreds of billions of dollars. Of course, when he comes to a new city, he begins to artificially underestimate the cost of his services, working at a loss, thanks to this, in a couple of months, all local banks turn into bankrupts.

The city's financial system is now in the hands of the United States. Farmlands are planted with GMO crops; only America has a patent for them. Chain stores are starting to sell undervalued goods and are rapidly displacing local farmers and organic produce from the market. The farmers of the city are going bankrupt, shops are losing space, now the American concern controls food and can raise prices for it. The same applies to banking services.

All this is not a fictional story. It has been repeatedly turned by the hands of the IMF and Troika in Africa, and now in Ukraine. Africa, which previously provided itself with products on its own, after the arrival of the ECB, the financial structures of the EU and the International Monetary Fund, is completely dependent on the import of American and European products.

But she is not in a position to buy them, since Western banks and their concerns have long taken all the deposits, resources and jobs for themselves. This is what causes famine, not the African "crisis of dictatorships." The fate of Ukraine will be the same, since the criteria for each next financial credit needle are similar conditions.

This is the scenario for the work of "independent" international institutions, although they are officially called "programs of economic assistance". The irony of the situation is that the “help” of these “independent” funds has never helped anyone in the long term.

All this has already been tried in Russia in the 90s. Back then, economic disaster and dependent politicians were the ideal environment for credit facilities. That is why, The first thing Vladimir Putin did in the early 2000s was to pay off all state debts. That is precisely why the West did everything to force Russia to abandon this idea.

It seems strange that the creditor refused to accept the funds returned to him with all his might, but this is exactly what was happening at that time. Knowledgeable people understood perfectly well that in this way the financial restraint was removed from Russia, however, people who took to the streets under the influence of propaganda, the words of NGOs, the "liberal" press and the deputies "living" in the American Embassy, happily supported the false slogan: something that the country needs."

Bigger concealment, media control and economic mechanisms are at the core of American hegemony. And in our country they really didn’t want to be deprived of “soft” control from the outside.

It took Russia a decade and a half to get out of the dependence imposed by the Big Three with great difficulty, and even though not everything was done, this was enough to bring the state to the level of sovereign development. If not for this step, Russia would have long ago lost its energy sector, science, army and much more. Indeed, in the early 2000s, our country, within the framework of the example described above, was one step away from transferring all its assets into the hands of other states.

The Yukos-Khodorkovsky affair is a prime example of the US's work through financial institutions. Yukos was instructed to collect in its assets a significant part of Russian oil and gas resources, and then resell all of them to intermediary concerns. In fact, Khodorkovsky was not selling a separate corporation, but a third of Russia's oil industry. In those years, revenues from oil exports and domestic taxation of related industries formed up to 40% of the state budget.

Consequently, the collected assets of Russia under the guise of "Yukos" provided 15% of the country's budget. This is comparable to the cost of defense, not to mention areas such as "health care" and "social" life of people. In other words, the United States not only robbed Russia with the hands of its own protégés, but also received an instrument that would give tremendous power over the country. This was prevented at the very last second.

The same applies to unfair contracts for the production of oil and gas in Sakhalin, not to mention the outrageously arrogant law “on production sharing”. Bought by American oligarch intermediaries, the Russian parliament passed the rule in 1992, even though the production sharing law gave the 264 largest deposits in Russia to the ownership of foreign firms. At the same time, the activities of foreign corporations were not subject to absolutely any taxes.

In other words, firms in Britain, the EU and the United States not only received the state's bowels on an “indefinite lease”, but did not pay a dime from this theft to the Russian budget. Only in 2002-2004, the new Russian President Vladimir Putin, through amendments, managed to cancel this agreement. This is how “financial killers” work, and we have fully seen it in our own country.

Ironically, with such an approach, the growth of Russia's prosperity is regularly reduced to growing oil and gas revenues caused by the rise in oil prices. Stubbornly pretending not to understand the simple truth : If Vladimir Putin had not nationalized and seized Russian mineral resources from the hands of Western companies, the rise in energy prices would have passed the country's budget. According to the law "on production sharing" the first profit from the fields given to the West, Russia would be able to receive only after 30 years. That is, in 2022, despite the fact that now is 2018.

In order for 1% of the world's population belonging to the financial backstage to continue to have wealth equal to the total amount of that of 99% of the remaining people, mechanisms like the IMF must continue to work. Continue to ravage countries and regions, redirecting their benefits to the country where the inhabitants of the "Golden Billion" live.

Of course, in this situation, states that challenge inequality and the Western world order, refuse to obey the current rules and play their own game, are declared enemies by the Western system. And it is all the more obvious that Russia is in plain sight on this list.

To be a pro-American puppet means to get your share from the "master's table", sovereignty, on the other hand, has a price. And in modern Russian realities, this is a struggle for one's own path and the right to preserve state independence.