Read_685 – How the IMF and World Bank Repress Poor Countries, Part 3 [Alex Gladstein]

“Far from playing the role of good samaritan, the Fund does not even follow the timeless human tradition, established more than 4,000 years ago by Hammurabi in ancient Babylon, of forgiving interest after natural disasters. In 1985, a devastating earthquake hit Mexico City, killing more than 5,000 people and causing $5 billion of damage. Fund staff — who claim to be saviors, helping to end poverty and save countries in crisis — arrived a few days later, demanding to be repaid.” – Alex Gladstein

If you aren’t pissed off yet with Parts 1 & 2, this section is surely to push you over the edge. Spoiler alert, the IMF and World Bank are massive rackets that are purposefully destroying the productive independence and food security of poor nations to essentially enslave them in an obscure way, like any coward, through debt and monetary control, rather than openly through political domination. Listen to Part 3 to find out how.

We are jumping right into the middle of it, so don’t forget to listen to Part 1 and 2 if you haven’t yet, otherwise this will be confusing, lol:
Part 1:
Part 2:

Mentioned in the show for further exploring how our monetary practices strip the US of its manufacturing & productive base, here is Farrington’s “Capital Strip Mine”:

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“A government big enough to give you everything you want, is strong enough to take everything you have”
― Thomas Jefferson
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