IMF Pushes Plan to Plunder Global Wealth
2013 10 25

By Alex Newman | The New American



A controversial report released this month by the International Monetary Fund outlines schemes to have big-spending governments with out-of-control debts plunder humanity’s wealth using a mix of much higher taxes and outright confiscation. The goal: Prop up Big Government.

Because people and their assets are generally mobile, the radical IMF document, dubbed “Taxing Times,” also proposes measures to prevent them from escaping before they can be fleeced. Of course, the real problems — debt-based fiat currency, lawless bank bailouts, and a cartel-run monetary system — are virtually ignored.

Pointing to absurd and rising levels of government debt, as well as increasing income inequality, the IMF document suggests there are few remaining options for desperate policymakers to explore. Two that are mentioned include “repudiating public debt” — in other words, defaulting on government bonds — or “inflating it away” by having privately owned central banks conjure even more gargantuan amounts of fiat currency into existence at interest. Both of those plots, of course, would still represent a massive transfer of wealth.

However, even though it hides behind the passive voice, the IMF preference for dealing with the debt problems appears to be simply confiscating the wealth more directly. “The sharp deterioration of the public finances in many countries has revived interest in a capital levy, a one-off tax on private wealth, as an exceptional measure to restore debt sustainability,” the report claims. “The appeal is that such a tax, if it is implemented before avoidance is possible, and there is a belief that it will never be repeated, does not distort behavior (and may be seen by some as fair).”

[...]

Read the full article at: thenewamerican.com








Related Articles
Stealing from the World, The World Bank and International Monetary Fund IMF
For hard-hit Greeks, IMF mea culpa comes too late
French Police Raid Home of IMF Boss Christine Lagarde
Argentina: In the Shadow of the IMF
The IMF and World Bank Use Arab Uprisings to Expand Control Over Nations
Gerald Celente: Raping - part of IMF business
Bilderberg 2013: Birth of the Global Tax System
How the Beatles Dealt With a 98% Income Tax (That’s right 98%)


Latest News from our Front Page

Chess-playing computers may cause the robot apocalypse
2014 04 23
Sore-loser chess programs might be the end of us all... In the movie The Terminator, we heard the human side of the story of Judgment Day, with the machines getting smart and seeing us as a threat. It wasn’t until the sequel that we heard the tale from the machine’s point of view, as it chose to start World War III ...
Archeologists’ findings may prove Rome a century older than thought
2014 04 23
It is already known as the eternal city, and if new archeological findings prove correct Rome may turn out to be even more so than believed until now. Next week, the city will celebrate its official, 2,767th birthday. According to a tradition going back to classic times, the brothers Romulus and Remus founded the city on 21 April in the year ...
Swedish MP ordered chemtrail probe
2014 04 23
A Swedish MP who launched an official government investigation into the existence of chemtrails tells The Local why he thinks Swedes deserve the truth, even if it may leave some conspiracy theorists unsatisfied. "I can’t speak for other MPs, but I’ve had many, many calls over the past eight years about chemtrails. And these questions are not so easy to answer," ...
Mystery of Bizarre Duck-Like Ocean Sound
2014 04 23
If it quacks like a duck... it’s not always a duck. Scientists have reportedly gotten to the bottom of the mysterious ’Bio-Duck’ sound in the Antarctic. Here’s a recording of the strange sound (it’s kind of a stretch to say it sounds like a duck, but who are we to second guess the biologists?). --- Mystery of Bizarre Duck-Like Ocean Sound Solved By Tanya Lewis ...
’Extreme’ Carbon Dioxide Reduction will be a Death Sentence for Humanity & Planet Earth
2014 04 23
If we allow a fraudulent pseudo-environmentalist cult to control every aspect of our lives then our children are doomed to a totalitarian existence which Stalin could only have dreamed of. “The common enemy of humanity is man. In searching for a new enemy to unite us, we came up with the idea that pollution, the threat of global warming, water shortages, famine ...
More News »