In this video, I talk with author and economic analyst John Sneisen about the recent news of the IMF deciding they will stay engaged in Greece.
According to Christin Lagarde, the managing director of the IMF, the IMF will remain engaged in Greece in "some form."
She went on to say,
“We are considering all the options, but we will certainly remain engaged one way or the other with Greece - and that will probably come to a decision which will be much clearer on June 21 when there is a Eurogroup meeting.”
Greece has been plagued by the IMF for years. The IMF simply pushes countries and people into subservience through debt and power. Their global complex has led to the ruin of countless countries. Greece has been one of the worst off as they've seen a massive crash and incredulous poverty in recent years, especially considering the Cyprus fiasco.
The IMF is also trying to get all countries into the SDR (Special Drawing Rights) currency which is likely to be in the end a centrally planned cashless system.
Greece has 678.8 million US Dollars worth of SDRs.
This is a further desperate move by the IMF as global economies and markets see turmoil. It's a last ditch effort. It will likely not succeed, but it's important to call it out.
They want to see debt subservience and poverty which is why people need to be educated and break free. Individuals need to look to competing currency systems and not let a global cartel take hold of their money. A national one is bad enough.
Self sustainability, financial education and responsibility are solutions to this madness. All fiat currencies eventually revert to their true value of zero, they always have and always will going back to 1024AD in China. This time will be no different.
There will likely be more decisions being made in the coming weeks and month as G7 and other meetings wrap up.
