International Monetary Fund (IMF) economist Peter Doyle has resigned. In his resignation letter, Doyle explained his parting: “After twenty years of service, I am ashamed to have had any association with the Fund at all.”
In reality, the attempt to criticize his former employer only points to much larger problems, and Doyle faintly begins to address the social impact of this decadent institution. Numerous hidden abuses that humanity suffers can be traced back to the IMF organization.
And why did it take twenty years to form this opinion? Explain.
The media will sugarcoat Doyle’s resignation, and will neutralize the ominous financial situation. If any take the time to investigate further, it would soon be discovered that the media are corporations, thus having strong ties with these global entities. Check it out for yourself.
Charles Derber writes in People Before Profit: The New Globalization in an Age of Terror, Big Money, and Economic Crisis
Globalization encompasses three institutions: global financial markets and transnational companies, national governments linked to each other in economic and military alliances led by the US, and rising “global governments” such as World Trade Organization (WTO), IMF, and World Bank.
“These interacting institutions create a new global power system where sovereignty is globalized, taking power and constitutional authority away from nations and giving it to global markets and international bodies.”
The IMF claims to aid countries and loan money to those that are facing a crisis. On the contrary, such harsh conditions placed on these countries are self-defeating, creating an economy much worse and eventually causing additional suffering.
As Doyle himself suggests: “The consequences include suffering (and risk of worse to come) for many including Greece, that the second global reserve currency is on the brink, and that the Fund for the past two years has been playing catch-up and reactive roles in the last-ditch efforts to save it.”
An investigative journalist, John Pilger comments: “Contrary to a myth long popular in the West, it’s been the poor of the world who’ve financed the rich, not the other way around.” This is in effect a war by other means.
“Economic neo-colonialism extracts the human and the natural resources of a peripheral (poor) country to flow to the economies of the wealthy countries at the center of the global economic system.”
It’s appropriate to end on this quote (from a letter supposedly sent from the Rothschild Bros. of London to New York bankers Ikleheimer, Morton, and Vandergould, on June 25, 1863):
The few who understand the system will either be so interested in its profits or so dependent on its favours that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system will bear its burdens without complaint and perhaps without even suspecting that the system is inimical to their interests.
