The crooks, thieves and conmen/conwomen the IMF.
The monetary system is corrupt to the core, a lot of the problems we all know come from usury and printing fiat currency & then adding debt to it, so there is never enough money in the system to cover the entire debt + initial print.
Canada before 1974 was a role model country for sound monetary policy, with the bank of Canada being owned by the people. It was forced to privatize it and hand it over to the IMF in that year, and the debt level that had remained at below 1% since the 1930's has not stopped rising since.
If you have no idea what I am talking about please read this article here.
From the same article you can see the change in debt level from the IMF forced privatization below.
With a name like the IMF (international monetary fund.)
You would think these people have massive reserves of money they print yes? well no, they do not print any, so why then do countries that are in trouble financially - go to the robbers for a bail out? Good question.
A case in point is Argentina (or Greece, Italy etc etc etc) We shall stick with the former one Argentina as an example of the fraud at hand.
As you may or may not know Argentina has had to devalue its currency before due to hyper inflation, it defaults on debt and basically starts all over again after removing some digits from before, so if there was a 100,000 note, it reverts to a 1. The IMF got smart to this, and so did many other banksters, so now they lend a helping hand with a very hefty return rate attached, basically you are doomed if you do (lend money off them) and doomed if you do not (guaranteed default). The reason why a lot of countries used to default was to avoid being resource raped, and having their infrastructure bought for next to nothing, by creditors.
Helping hand yes?
Now in most countries there are shops like cash convertors where you pawn goods in exchange for cash, and then if you want the item back you pay a hefty/high % on top of what they loaned you, to get the item back. In the UK you have door step loans also that are 20 - 30 % interest, and also companies that do pay day loans, short term loans at high APR, that basically keep the poor even poorer.
These though pale in comparison to the IMF. You would think a country, yes a whole country with millions of people in it going bust, would be a case of no or very low APR or % interest yes? Well the answer is NO, the IMF asks 5%, and that is on every repayment they receive, with repayments due over a few years.
I have no doubt that they will not be able to pay this back, and it will be the same as Greece, Italy, Ireland and many other broke countries, in truth every nation is broke, due to there never being enough money in the system to pay back all debt, even the USA has over 21 trillion $ debt or over 114 trillion $ if you take unfunded debt, want proof? have the debt clock and look at the bottom. http://www.usdebtclock.org/.
We could rid ourselves of these parasites easily.
We could change this around easily with cryptos, and it would not take a lot to do it. Imagine taking a bus and getting credits or crypto for taking the bus, instead of paying paper useless money to use said bus, how so you ask? easily I answer.
Modern long distance buses even in the UK have free wifi, now imagine fitting a computer in the bus too, and having that computer mining a crypto, any of them even its own. It costs electricity to run that pc and with a bus standing still the battery on the bus will drain, with the bus moving it will not, so the more customers that use the bus, the more the bus mines, and voila, they could pay you or me for riding the bus and keeping the bus moving.
Yes I know it still costs fuel money, though eh don't shoot the idea, shoot the problem.
The IMF is more of the same old same old, it is headed now by the infamous Christine Lagarde who you may know from the none federal federal reserve before, the same crooks are in every crevice of fiat funny money, time to make them outdated and surplus to requirement me thinks.
