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Ethics and the International Monetary Fund




Ethics and the International Monetary Fund
The International Monetary Fund is an international organization that oversees the global financial system and aims to help normalize exchange rate volatility and balance of payments.  The primary goal of the IMF is to help foster a competitive, healthy global economy.  One primary way that the IMF helps to foster a healthy global economy is by coming to the aid of counties that are facing major economic challenges.  Developed, industrialized nations never borrow money from the United States.  In fact, the U.S. government has not borrowed from the IMF since World War II.
One of the most common and primary actions of the IMF is to extend financial aid to weak countries.  If a country is facing extremely harsh economic conditions or even the prospect of possible sovereign default, which means it cannot meet its debt obligations, then the IMF will generally step in and help by providing funds to the country in need.  The country can then use these funds to pay back creditors and avoid a sovereign default.  Thus, the IMF helps to stabilize the economy of struggling nations.  It seems like everything is perfect, right?  Struggling countries get the funds they need to stave off creditors and financial markets stabilize.  Unfortunately, the picture is not always so perfect.
There is widespread criticism surrounding the IMF.  In order to understand the criticism, one must understand the process by which a struggling country secures funds from the IMF.  If a country is in need of a bailout, it approaches the IMF and presents a formal request for funds.  The IMF then does an in-depth analysis of fiscal and economic conditions of the country, and then decides how much money the country needs to stabilize the economy.  The IMF then commits to disburse these funds to the struggling country, but there are strings attached.  These strings are the cause of much criticism.
Once the IMF makes a decision to bail out a specific country, it then notifies the country how much financial aid it will be receiving.  However, the entire disbursement is not made at one time.  Instead, the IMF disburses the funds in several stages, typically 3, and at each stage, the struggling country will not receive the next disbursement unless it has taken specific steps that the IMF has demanded.
Typically, if a country is in need of a bailout it is because there are serious problems at the governmental level concerning basic money management.  Therefore, in most cases, the IMF will place very strict contingency requirements on its disbursement of funds.  For example, the most common type of requirement includes an immediate reduction in government spending and deficits.  This requires countries receiving IMF aid to institute what are referred to as austerity measures in hopes that the economy will stabilize and currency rates will stabilize in the forex market.
Austerity measures are specific actions a government takes in order to slash government spending and bring down deficits.  Austerity measures can include a wide array of actions, but common measures would be cutting government spending habits such as pensions, healthcare, education and other publicly funded operations, and austerity measures can also include significantly raising taxes.  These austerity measures are the strings that are attached to an IMF bailout, and these strings are why many critics accuse the IMF of unethical behavior.
The Impact of Austerity Measures
When a government is forced to enact strict austerity measures in its economy, it oftentimes is forced to cut government spending in key areas such as healthcare, education, and pensions.  A drastic spending cut in healthcare often leads to severe problems.  A cut leads to many doctors, nurses, and other healthcare professionals losing jobs, and it is common for entire hospitals and healthcare centers to shut down when austerity measures hit an economy.  Some studies have linked increasing tuberculosis and other preventable deaths to IMF austerity measures in several countries in Africa.
The major critics of the IMF state that decreased spending in these struggling countries may be needed, but should it be in the all-important sectors of education and healthcare?  It is true that every country that approaches the IMF for funds has managed finances and investments very poorly, or else they would not be in the situation they are in.  However, if spending in these areas is cut, sure it may bring the government deficit down and increase the competitiveness of the economy over time, but the ethical debate is—how much are these economic benefits worth as measured by human lives?  If austerity measures are going to result in the death of thousands of people, are they worth it?  This is the ethical debate.
On one side, proponents of the IMF state that a government cannot simply be allowed to continue mismanaging national finances forever, but on the other side, critics argue that it is not worth it to sacrifice thousands of lives in order to bring some economic advancement.  There must be a way to correct the economy without having to sacrifice human lives.















The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

#Trump: U.S. Economic Fallout | Peter Schiff and Stefan Molyneux

 The improved economic outlook with the election of President Donald Trump has lead the Federal Reserve to raise interest rates for only the third time in 10 years. Peter Schiff joins Stefan Molyneux to discuss the state of the United States economy, the nature of the U.S. debt ceiling limit, why Paul Ryan's Obamacare replacement won't work, how to solve the American health care crisis and why many are salivating at the opportunity to blame President Trump for long existing economic problems.

Peter Schiff is an economist, financial broker/dealer, author, frequent guest on national news, the host of the Peter Schiff Show Podcast, the CEO of Euro Pacific Capital and the Chairmain of Schiff Gold.

















The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

Benjamin Fulford SOS Message : The Japanese Government trying to Kill me


Benjamin Fulford message 3-16-17… “The Japanese government is trying to murder me”









Benjamin Fulford was born in Canada in 1961. And He is a renowned conspiracy theorist and ex-chief editor of Forbes in Japan. He has started lectures and criticisms about the conspiracies of ''Sabbateans mafia'' around the world since 2005. In 2009, He acquired Japanese citizenship legally. He now lives in Tokyo.






The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

WW3 Red Alert | North Korea Threatens to Nuke Japan

North Korea Announces Plans To Nuke Japan/US Warns May Strike First  Further proving the insanity of Kim Jong Un says that they are planning to Nuke Japan and the United States warns they make strike first.






















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Mass Awakening Will Destroy The Elite Parasites

 Alex Jones explains how the globalists are being defeated and the people are waking up.


Destroy the globalists. You see what Trump did with hitlerkel, he did not shake her hand.


















The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

Peter Schiff : America will sink in Debt with #Trump


Peter Schiff: US financial crisis and Donald Trump

Peter Schiff: US financial crisis and Donald Trump Peter Schiff, CEO of Euro Pacific Capital explains why the Trump Economy is still uncertain after campaign promises to deregulate business and bring jobs back to the U.S.



















The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

Warning : This is How Illegal Aliens Can Steal your Home Easily

 These immigrants weren’t undocumented. They knew just enough law to game the system and this man’s home. This rare form of theft is now being replicated by criminal immigrant gangs.



















The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

Max Keiser : #Trump paid more taxes than NBC The Employer of Rachel Maddow




In this episode of the Keiser Report, Max and Stacy discuss the economic populism that voters in Michigan want to hear but that Democrats refuse to say and what happens when private equity runs out of things to buy. In the second half, Max talks to Mish Shedlock of MishTalk.com about the Fed’s interest rate hike.
















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Fukushima Meltdown Could Last 250,000+ Years



N.Korea wants to nuke Japan (we are told)... US is sabre rattling at N.Korea... makes me wonder if they are using the poor patsy to cover for the Fukushima disaster?




















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The Federal Reserve Explained In 7 Minutes









This is an incredibly succinct summary in detail of the creation of the Federal Reserve and what its existance has done to the United States of America.   This conjured up rememberances of Thomas Jeffersons quote on the private central bank and what it would mean to our nation.  He said that if we ever let it take control, that it would leave the citizens of our nation “homeless” on the land our forefathers fought so hard to preserve and to give to us.


Then there was the quote by Lincoln who said that “…. I have two enemies, I have the Southern Army in front of me, and the Bankers behind me,  and I fear the latter more”.  And then there was the 1961 speech that JFK gave and another one again in 1963, on their plans to “bring down the United STates of America”, and he gave that in 1963 just weeks before he was assassinated by them,  They are close to doing exactly what we were warned that they would do if we ever let them get control.   THIS IS A MUST WATCH.  Its the best presentation and more clear that I have ever seen, so its well worth the 7 minutes.













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Gerald Celente Warning : They Will Plant Chip in our Brains







 The Martial Artist of Trend Forecasting —The purpose of trend forecasting is to provide insights and directions in anticipation of what the future may bring -- and to be prepared for the unexpected.

Gerald Celente, a Close Combat practitioner and black belt trainer, well understands the importance of proacting rather than reacting: "The first rule of Close Combat is to attack the attacker. Action is faster than reaction. The same holds true for the future. You know the future is coming ... attack it before it attacks you."

Founder of The Trends Research Institute in 1980, Gerald Celente is a pioneer trend strategist. He is author of the national bestseller Trends 2000 and Trend Tracking (Warner Books) -- "Far better than Megatrends," and publisher of the internationally circulated Trends Journal newsletter.

Political Atheist — Gerald Celente is a political atheist. Unencumbered by political dogma, rigid ideology or conventional wisdom, Celente, whose motto is "think for yourself," observes and analyzes the current events forming future trends for what they are -- not for the way he wants them to be.

Like a doctor giving a diagnosis after gathering the facts, whether or not you like the prognosis doesn't alter the outcome, make him an optimist or pessimist -- it's simply what is. And while Celente holds a US passport, he considers himself a citizen of the world.

Globalnomic® Trend Forecaster — Using his unique perspectives on current events forming future trends, Gerald Celente developed the Globalnomic® methodology which is used to identify, track, forecast and manage trends.

The world's only trends analyst covering 300 diversified trends fields, Gerald Celente and the Trends Research Institute provide trend research studies and consulting services to businesses and governments worldwide. Celente also designed the nation's first professional course in trend forecasting.

The proof is in his past — Gerald Celente has earned his reputation as "The most trusted name in trends" by accurately forecasting hundreds of social, business, consumer, environmental, economic, political, entertainment, and technology trends. Among them:
Celente coined the term "clean foods" in 1993 and predicted sustained growth in organic products in 1988.

When gold was at $275 per ounce in 2002, Celente said the price had bottomed and in 2004 forecast the beginning of the "Gold Bull Run." Since that time, with pinpoint accuracy, he said when, why - and how high - gold would go












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Max Keiser Warned You : The Dollar – Worth Less Than Toilet Paper













In all of recorded history starting at AD 54 in Rome when Nero was in charge he started debasing the their coins from 94% silver to Emperor Philip the Arab who brought them down to ½ of 1% silver. No one wanted them. The scores of time fiat money has been introduced it has NOT worked even once. The currency has always ended worthless. Fiat currency is money that is not backed by anything such as gold or silver. The watering down of currency has always been a political tool. It has been the people who have suffered. Suppose you put about one inch of water in your tub and added a brilliant green dye. Good color. Looks nice. Now turn on the water and start filling the tub. That nice brilliant green (dollars) becomes lighter and lighter in color. By the time the tub is full there is almost no color at all. You will do what all those in history have done. Pull the plug. There isn’t enough green (purchasing power) to color (buy) anything. The Chinese started printing paper money to fund a war in the 11th century. Marco Polo saw what Kublai Kahn did with it. Maybe Keynes, the famous economist, read some of Marco’s comments when he said that maybe the US government should bury bottles of money in mines to make the economy grow.

 Every one of these countries have tried printing their way to economic health and they all have gone broke. Argentina, Mexico,Thailand, Russia, Philippines, Hong Kong, South Korea, Indonesia, Finland, Italy, Norway. It seems that almost every country that prints its own money without having a solid backing in silver or gold goes to excessive printing when there is a financial crisis.

That includes wars and recessions. Again it has been shown if the latter were left alone the economy would recover, but politicians always interfere. The time period to go broke will vary greatly. At the end of World War I (1919) the German mark was 12 to the dollar. By 1923 it was 4.2 Trillion to the dollar. Yes, that’s a “T”. The creation of the Federal Reserve would have been considered a major mistake by the founders of the Constitution. There is no definition for a ‘dollar’. If it could be defined by a certain weight of gold or silver the Fed could not print (create) money out of thin air. Many economists already say the U.S. has passed its ability to pay off the debt. When the prudent man thinks about it it means it will eventually become worthless. Continuing to raise a country’s debt limit is terminal and a death sentence for any fiat currency. No one knows how long this will continue until the dollar becomes worthless, but it will happen. What can the thinking man do? What every smart one in the past has done. Gold has replaced all fiat money for the past 3,000 years.








The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

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