The Daily Bell – Evolution of the IMF Is Directed History – interesting article, this! ~J

Tuesday, September 25, 2012 – by Staff Report

Bundesbank castigates IMF for saving Europe … Germany’s central bank has launched a blistering attack on the International Monetary Fund, accusing officials of spraying around money like confetti and overstepping their legal mandate. The Bundesbank said the IMF was right to help rescue Greece, Ireland and Portugal but said monitoring levels were slipping and there had been a ‘watering down’ of standards. “The IMF is evolving from a liquidity mechanism into a bank. This is neither in keeping with the legal and institutional role of the IMF or with its ability to handle risks,” said the Bundesbank in its monthly report. The bank said the Fund was right to help rescue Greece, Ireland and Portugal but said monitoring levels were slipping and there had been a “watering down” of standards. The scale of loans risks “overwhelming the IMF’s institutional structure”. – Telegraph

Dominant Social Theme: The IMF is doing what it needs to do.

Free-Market Analysis: We have pointed out in numerous articles that the authoritarian evolution of the EU seems planned. In the past, top EU officials made plain statements that various crises could precipitate a political union.

These people are not stupid. They are living and breathing the creation of a super-state and having created it they know full well the realities of it and its limitations.

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One Response to The Daily Bell – Evolution of the IMF Is Directed History – interesting article, this! ~J

  1. galaxicindianashok says:

    Where is all that money of Billions of Dollars ? Will IMF Reply ?

    I am looking forward to some help from someone who can file a Lawsuit to RECOVER tens of Millions of Dollars worth ‘ my money ‘ from the IMF and UN for which these both globally respected Institutions have sent me scores of mails and confirmed again and again sending certificates to reconfirm that IMF compensation approved money sent sent But, during past two years but not a Dime IMF ever sent !!.

    Obviously IMF in league with other Banks been siphoning and stealing what they been Declaring time and again as my Money. Such Money plundering Game IMF has been playing on every nook and corner of this planet, in association with many other Banks including Central Bank of my own country( RBI ) for some years. If an objective probe is initiated, first they try to hide behind a usual plea ” Nigerian Internet Scams” which is purely coined word to hoodwink masses and is untenable, Sure !. On the basis of my own personal experience of past nearly three years, I feel certain than tens of Billions have been stolen by the IMF and other major Banks worldwide and shamelessly a story is concocted on infamous Nigerian Scams. More than Nigerian scams which are purposely spread rumors so that people keep looking on the other side. European Banks, IMF and other Central Banks are the Real ulprits to be held responsible.
    Where is all that money of Billions of Dollars ? Will IMF Reply ?

    Ashok Sharma
    galaxicindian@yahoo.com

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