Go to Hell IMF: What We Don't Want Is Your Austerity and Taxes
Americans Must Understand the IMF Scam
Americans must understand the IMF and German government view of things in order to protest IMF imposing plans for the US economy. The Value Added Tax, a hidden tax, is an idea right from the International Monetary Fund that has been discussed as a possible way for the US to raise more money. The value added tax is a part of the IMF strategy of tax increases and austerity for mainstreet that is at the heart of the criticism of this powerful bank of last resort.
Bookmark this page and Read below about the Value Added Tax.There is a lot of information here so please try to follow along because I think you can get a clearer view of the IMF and of the New World Order that emanates from IMF influence over developed nations thanks to the G20. We have a bank in the IMF that once just oppressed poor nations, making them poorer. Now that oppression is reaching out to engulf a developed nation near you. I have written that default and massive debt forgiveness has a better chance of eliminating the debt crunch than does budget reductions and tax increases which are massively deflationary.
The IMF is a world bank, funded by the G20. One reason we have no jobs programs that Mr. Obama promised is that the IMF doesn't want Americans to have a jobs program when it could jeopardize the international banker cartel worldwide. This IMF says it wants jobs programs but treating Ireland to austerity gives Ireland 13 percent unemployment. And the IMF wants bondholders paid off first priority, even if taxpayers are on the hook. That doesn't leave much room for extra money for a jobs program!
That is how intrusive this New World Order has become. Remember, the IMF will help a country make Too-Big-To-Fail bondholders/banksters whole. It would be better if a country defaulted, making these bondholders take part or all of the losses without saddling taxpayers, who are already under the gun for social and military spending, with bondholder losses. There has to be some risk in bondholder investment decisions!
Here are the steps for how the IMF and German bank scam works. It is similar, by the way, to what happened in the United States. Here are the similarities:
1. The German (and French) banks loaned the PIIGs countries, Portugal, Ireland, Italy, Greece and Spain lots of money for cars, for construction, for solar panels, and much more. These were easy money loans, similar to the easy money loans made by the shadow banking system in the United States. Think of them as easy money loans to a subprime nation. German companies made money because of the loans. They borrowed from the German banks as well.
2. The German banks want their subprime loans to be paid back, even though they were making loans that were really bubble loans and could not be sustained. But just like Bank of America, Goldman Sachs, JP Morgan, Citibank and Wells Fargo were bailed out, a bailout of Greece or the other PIIGS would result in a defacto bailout of the banks themselves.
3. Credit is withdrawn in the aftermath of the easy money pullback. That is happening in the USA, and in Japan, and is happening in Europe as well. Without easy money, the Germans want Greece to tighten their belts and bow to the BIS and IMF.
4, Large Financial Institutions divide the populace, For example, they divide shop keepers from manufacturing workers. They divide public employees and private employees. They divide borrowers who pay their debts on time from borrowers who cannot afford to do so. In setting up these divisions through the media they control, the big financial institutions deflect blame off themselves and their scams
So, what is the scam you ask? The problem is that Germany wanted to sell Beemers and gave crap loans to Greece, just like ponzi housing banks gave crap loans to Americans. Now the German banks are scared and want their government and the IMF to clamp down on the guys that bought all those Beemers, the Greeks. Germany is a predator. They wanted the easy loans to sell the Beemers and the solar panels to people who could not afford them. Now they want their money. This is predatory.
The IMF fits in nicely with the predatory scam. The IMF places countries on austerity programs. Although countries can default if they see that these programs are too deflationary, there is great pressure on them not to default. Austerity hits mainstreet, and keeps mainstreet down, but the banks go on with their obscene profits and don't miss a beat.While the IMF may reign in the banks some, they are not the central target. Mainstreet is the target.
The IMF is behind the hidden Value Added Tax that has been proposed for the United States. I would suggest that the IMF is not the friend of the United States just like she is no friend of the PIIGS! The G20 has given the IMF power to pry into the financial affairs of every nation.
As Gordon Brown once said, following the refunding of the IMF in early 2009, that we now have a New World Order, or should I say, a way to continue to squeeze mainstreet after the easy money is long gone. So, in a word, go to hell, IMF! Don't be fooled, the IMF understands the misplaced power of the US financial system.
But if the IMF was just interested in breaking up the big banks, or in reigning in the lies of Wall Street I would support it. But that is not all that the IMF wants to do. Mainstreet is also in the crosshairs!
The Fourth Step Above and the Tea Party in America:
The Tea Party was supposed to be a movement that was opposed to the big banks. But I have my doubts. The flaw in the Tea Party argument is that they blame the borrowers, not the lenders, for the ponzi loan scam. The big bankers must be laughing at these bozos as the Tea Party supports deflecting criticism from where it should be placed. Borrowers were bombarded with a very sophisticated, and planned scam. The Tea Party rascals just don't see it. The Tea Party party crashers, Sarah Palin and Rush Limbaugh will only use this vehicle for their own ends. Beware of the professional politician taking advantage of you but who has not had strong views against the big banks for years
Remember folks, it is the plan of the large financial institutions to pit everyone else against each other. That deflects blame off of them. That is why I am so disgusted with Rick Santelli. He was deflecting away from Wall Street ponzi schemes when he had his rant against the borrowers. He comes across as a populist, but Santelli gets his check from CNBC. He is no populist.
UPDATE: Greeks must walk away and Put Away Their Wallets.
Greeks are going to have to walk away from loans from German and French banks and put away their wallets. Otherwise, the IMF will win now that the austerity measures have been accepted by the Greek government, including wage freezes through 2014. The Greeks have no choice but to commence an underground strategic economic campaign. The Eurozone may be saved, if that is what the member nations want, but it will be difficult for Greece. It will also be difficult for the others to meld into a political union. But if they don't the Euro will be toast or it will be a long process going forward.
Update: US banks are up to their eyeballs in European debt. This includes Citibank, JP Morgan and Morgan Stanley. The Euro is behaving badly, causing disruptions. Indeed, multinational currencies are a tool of the international banking cartel to roil the markets and create instability. The Euro is a way for business to profit in good times and for banks like the IMF to profit in times of distrust. In fact, multinational currencies lend themselves to IMF vulnerability precisely because the countries in question cannot devalue their own currencies, but rather are stuck with the Euro. The PIIGS countries are the best example.
Update: Investors are afraid that the debt cutting is too deep and will threaten the Eurozone recovery. See, this is the conundrum. Quit stimulating and investors will abandon you! Stimulate too much and investors will abandon you!
Update: The IMF is part of the push to weaken public unions. While there has been some excess in public unions, the IMF will come out stronger if these unions are weakened. The IMF will then gain control over the lives of citizens in any nation that comes under the bank's thumb or that potentially could come under that bank's thumb like the USA.
So, if you don't trust the IMF, and if you understand the IMF, don't rail against the public unions which will be your only line of defense if the IMF decides to put our country in the deep freeze.
Update: It was reported on Bloomberg that Greece could very well sue US banks for the subprime and CDO fraud. This could be huge. Make the big banks pay but wall off the taxpayers from responsibility. That will be hard to do though.