IMF doing god's work

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pmbug

pmbug

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... We’ve regularly pointed out that the Fed is indifferent to the effect of its interest rate policies on other nations, particularly poor ones. Even though this post fingers the Fed, it focuses on IMF malpractice of imposing surcharges on debtor countries despite evidence that these levies are counterproductive and punitive.
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Rich Nations, IMF Deepen World Stagnation | naked capitalism

With the Fed raising interest rates, IMF surcharges worsen debt distress in the global South, increasing poverty worldwide.
www.nakedcapitalism.com www.nakedcapitalism.com

The immorality of the global fiat system runs deep.
 
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