|8. Implementing Poverty
In this section we take some countries that elected to borrow money from IMF at times of their financial recessions. And then we show from publicly available data and research results how the countries, their governments, values and morals of the population were systematically destroyed by the IMF. Remember that the financial recessions are not laws of nature; they are manmade, designed, and created explicitly by the CB, as we have discussed before in this chapter.
The economic crisis of South Korea that began in mid 1997 is very similar to the 2008 crisis in USA. The situation as described in [Kim] is exactly how CB manipulates the economy to create recessions. Irony is that no one sees the hand of CB but blames other financial institutions and government. But from literature discussed before, we know that CB commands all institutions, including governments, by controlling the supply of money.
The IMF funding was requested in December in 1997. The result was very consistent with performance of all other IMF funded countries: Industrial output going down, consumer price increasing, GDP contracting, and unemployment rising [Kim]. The same report also presents the standard deteriorating social conditions: Korean workers were in a desperate situation; triggering an explosion in the number of people in homeless and the desperate conditions; suicides have risen sharply.
We can see that IMF cannot always work. But it definitely performs its real objectives (R1-R4); destroys the democracy, government, salaries of the lower median. It serves the purpose of the CB, transferring wealth to top fifth. Thus the IMF triggered a social problem. This is very common in all developed nations in the west, for CB followed the same policy.
The paper [Yoon] paints a picture similar to what we saw in 2008 bailout in USA: The IMF bailout socialized private debts and coerced Korean taxpayers to pay the international lenders billions of US dollars for the mistakes of chaebols, banks, and international lenders themselves, inflicting pains on innocent people. The IMF bailout is not medicine, not even an ineffective placebo, but socialist poison. The Cato report [Vasquez] on Korea essentially says the same thing about IMF helping banks instead of people.
In USA the bailout money for housing crisis was not given to homeowners, but to the banks. If the government had given the money to the people USA could have created a better recovery. The banks did not take care of home owners. Money injected at the bottom end of the food chain would have percolated through to the top solving the financial crises.
Given complete freedom, what CB will do to a country has been uniquely demonstrated in Russia after the communism collapsed in 1991 [Kotz]. IMF took a bold step in financing Russia, and controlling the economy using the principles of so called free market capitalism with structural changes in government. “In a few years what had been a diversified industrial economy has been transformed into a raw materials exporting appendage of western capitalism.”
As of the end of 1997, according to official statistics Russia’s gross domestic product had fallen by half since 1991 and its investment in new plant and equipment by three-fourths. Russia became dependent on west. Consumer goods came from west and imported 40% of its food. Buying power of people fell to half; the wages were not paid in time [Kotz].
Poverty caused large scale damage of society by 1998 report. Since 1991 more than two million premature deaths have resulted from increases in alcoholism, suicide and murder, infectious diseases, and stress-related ailments. One study estimated that 2 million children had no family caring for them, of whom only 650,000 were in orphanages. The rest lived in abandoned houses or in the sewer system of large cities [Kotz].
Russia was a heaven for the CB. That is, what CB wanted and got it too. Russia became a supplier of oil to west and importer of consumer goods. No welfare for people, IMF created a good strong oligarch community supporting Yeltsin government at the cost of a collapsing economy.
From all the above examples [Das, 2013-2] we can conclude, IMF implements the same policy that CB has. And it is quite natural, because IMF is funded by the CB. For that matter everybody is implementing the policies of the CB, because everybody is funded by the same money, which originates from the CB and therefore carries the DNA of the CB.
As we can see that the major policy of the CB is: transfer of wealth. Make very few people rich and everybody else poor. This is a dictatorship in practice, whereas in speech and in disguise we hear free market, freedom, economic growth, and democracy. All these example cases establish the validity of real objectives (R1-R4) mentioned before.
There is another aspect of CB that keeps countries poor. Clearly a poor country is poor because there is no money. The CB is refusing to give money to the government to increase the GDP value. Since money is free and yet CB is not giving, means that CB is maintaining the poverty.
Given money, any country can become rich; we have seen that happening to China and India. Same thing happened to USA also. By reducing the supply of money a prosperous country can be brought down to poverty and suffering. Consider the case of Greece in recent years. Greece’s population is about 11 million and population of Athens is more than 4 million.
[FSIFX] says – in the early 2000 Greece was one of the leading countries in the Euro zone. Financial crisis was created, Greece was forced to face debt crisis, and by 2010 it required a bailout plan and IMF imposed a massive structural change in the government expenditure. [Stratfor] says after three years of difficult reforms, Greece is entering its fifth year of recession, with approximately 25% unemployment. People have begun to migrate. In 2010 only 42 people left for Australia, the number soared to 12,000 applications in 2011. About 38,000 people left cities and moved to country side. Social crimes, political extremism have increased. [Ruparel] says in 2011 Greece economy contracted at an annualized rate of 7%. The above data proves how quickly, IMF and hence the CB, can bring down any rich country to its knees.
The reverse is possible also. The poverty of poor nations is all too familiar; we always watch that in worldwide television screens. Since economy is controlled by CB and not by government, there is no one to blame but the CB. The world population must try to find this deep secret, and only then things will or can change. You pour money to any country, the country will become rich. Since money is free, the CB should not have any reasons to eliminate poverty. The progress that is happening to China and India can happen to Africa also and within 10 years.
In previous chapters we have seen that all of mathematics and physics are wrong. In this chapter we have examined economics and found that it is also false. Something is fundamentally wrong everywhere.
As we have mentioned before that the truth can come only from nature. Mathematics and physics use real numbers and economics use money which is also real numbers. Real numbers are not objects of nature and therefore are false. Something false cannot be used to make something true.
Money power exploits people using free money, secret transactions, and unauthorized interest rates. People lost their democracy. Bottom fifth is suffering miserably. Every now and then CB creates recessions and purges property from them and gives to rich people.
The ideas presented are not new. They are quite well established, although to only about 1% of the population, and outside the mainstream. This entire book is on the idea that the truth is very secret, very difficult to find, and when you find them, it reveals the falsity of the entire civilization and its foundations. This is the way the destiny has planned for all of us in this era.