All the evidence we present in this report shows that Greece not only does not have the ability to pay this debt, but also should not pay this debt first and foremost because the debt emerging from the Troika’s arrangements is a direct infringement on the fundamental human rights of the residents of Greece. Hence, we came to the conclusion that Greece should not pay this debt because it is illegal, illegitimate, and odious.Read more . . .
The term legal imperialism was coined in relation to the Argentina’s public debt. A New York court admitted a number of private claims to hand down a verdict. By a stroke of hand a judge increased the country’s debt up to $120 billion, according to experts’ estimates. The essence of legal imperialism is the support rendered by Anglo-Saxon legal system to financial vultures.Read more . . .
The fate of Ukraine is now shifting from the military battlefield back to the arena that counts most: that of international finance. Kiev is broke, having depleted its foreign reserves on waging war that has destroyed its industrial export and coal mining capacity in the Donbass (especially vis-à-vis Russia, which normally has bought 38 percent of Ukraine’s exports). Deeply in debt (with €3 billion falling due on December 20 to Russia), Ukraine faces insolvency if the IMF and Europe do not release new loans next month to pay for new imports as well as Russian and foreign bondholders.Read more . . .
As unusual as it may seem, the appointment of Natalie Jaresko, a US-born and educated businesswoman, is consistent with what looks more like a takeover of the Ukrainian economy by Western interests. In two reports – “The Corporate Takeover of Ukrainian Agriculture” and “Walking on the West Side: The World Bank and the IMF in the Ukraine Conflict” – the Oakland Institute has documented this takeover, particularly in the agricultural sector.Read more . . .
DSK moots reserves role for SDR IMF’s Strauss-Kahn says ‘stockpiling’ special drawing right would create a more stable global monetary order Author: Central Banking Newsdesk Source: Central Banking | 11 Feb 2011 http://www.centralbanking.com/central-banking/news/2025799/dsk-moots-reserves-role-sdr Dominique Strauss-Kahn, the managing director … Read more . . .
Libya’s Self-Sufficiency — Risk To Central Banks April 15th, 2011 (snippet) From Information Clearinghouse ……..According to a Russian article titled “Bombing of Libya – Punishment for Ghaddafi for His Attempt to Refuse US Dollar”, Gaddafi made a similarly bold … Read more . . .
IMF TO INTRODUCE THE ‘BANCOR’ – THE NEW ONE WORLD CURRENCY Posted by Israel Ndukwe on September 2, 2010 at 7:24am in Revelations If the International Monetary Fund gets its way, the U.S. dollar will be replaced by the “bancor” … Read more . . .
Exclusion and Exploitation: the IMF in Global Governance Written by Pia Bradshaw, May 18, 2009 http://www.e-ir.info/?p=1313 Discuss how western capitalist institutions like the IMF have brought increasing exclusion and exploitation for the poorer regions of the world and suggest alternative … Read more . . .
IMF Director: Global Governance (NWO) Is A Reality. We’re Entering the Second Phase by Peter Santilli, November 19, 2010 Source Federal Reserve Chairman Ben Bernanke sits idly beside IMF Managing Director Dominique Strauss-Kahn as he proclaims the beginning of global … Read more . . .
G-20 and IMF Officials Institutionalize Economic Global Governance by Jim Kelly Wednesday, April 28, 2010(Global Governance Watch) In particular, we are floating the idea of a new multilateral surveillance procedure. . . . I believe the world is ready for a shift … Read more . . .
Global Governance: New Players, New Rules Why the 20th-century model needs a makeover by James M. Boughton and Colin I. Bradford, Jr. IMF PUBLICATION (2007) … Read more . . .