Jul 11, 2015

The IMF: Don’t Listen To The IMF (We’re Crazy!)

by Jeff Nielson, Bullion Bulls:

Most readers are familiar with the colloquial definition of insanity: repeating a (failed) policy/plan, but expecting a different outcome. Then we have the International Monetary Fund: it makes a mistake, explains that mistake to the entire world (twice), but still keeps repeating that same mistake, year after year – (supposedly) expecting a different outcome.

The hopeless/incurable/corrupt insanity of the IMF can be illustrated with absolute clarity by simply looking at two nations: Iceland and Greece. Following the Crash of ’08; the International Monetary Fund (and its other partners-in-crime) issued “advice” to all of the governments of the corrupt West, advice which, in the case of Greece, has now turned into demands.

1)  “Bail-out” all of the Big Banks (i.e. cave-in to their pay-me-or-else extortion).
2)  Designate these Big Banks as being “too big to fail”, so that they can play their pay-me-or-else extortion game forever.
3)  While rewarding the Big Banks for their extortion (and reckless gambling), punish your people with crippling/suicidal Austerity.

One nation – Iceland – didn’t listen to the IMF. Instead of submitting to the extortion of its Big Banks; it ignored their demands. Instead of dubbing them “too big to fail”, and permanently protecting the Big Banks; it put them to death. Instead of taking care of the Big Banks (who caused the economic crash/crisis) and punishing their people; it took care of its people – and punished the Criminals.
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