IMF Pushes Plan to Plunder Global Wealth
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
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
Facebook completes first drone flight above UK, Mark Zuckerberg confirms
Solar powered drones which provide internet access to rural and remote areas have been trialled in UK for first time by Facebook.
They â€śhave a wingspan greater than a Boeing 737 but will weigh less than a carâ€ť, according to the social network's chief Mark Zuckerberg.
The drones, developed by Somerset-based company Ascenta which Facebook bought last March, will beam down laser-guided ...
300 Young English Girls (and a few Boys) Groomed and Assaulted by Oxfordshire "Gangs," Report Finds
Editor's note: This story is a few days old now but the echoes of Rotherham just keeps coming. A few weeks ago there was Halifax, now Britain proudly can add Oxfordshire to their line up of diversity success stories.
Below is the story from the telegraph:
Serious case review finds failings by police and social services as it identifies hundreds of victims
British POW describes the horror of the bombing of Dresden
Partial Transcript of Interview with Victor Gregg, WW2 British solder and POW:
Interviewer: "Tell us how it was that you were in Dresden at that time."
Victor Gregg: "It was evil....thousands of firebombs dropping all over the place, heat, fire, people screaming, people burning, people alight. After about half an hour it started developing into something that was really bad....It was ...
Rape of 285,000 German Women at the End of WWII Trigger Damage Control by Mainstream Media
Is Exposing Allied War Crimes an honorable act? No, itâ€™s slandering heroes according to Daily Mail
A recent article from the Daily Mail that pretends to look at the post WWII crimes and rapes of the Allies against the German people is actually damage control. Itâ€™s really an attempt to divert away from the true horrors that was visited upon Germany ...
Minister of Migration attacked by asylum seeker with fire extinguisher
Swedenâ€™s Minister of Justice & Migration also known as Morgan â€śonly 1%â€ť Johansson, has been attacked with a fire extinguisher when he visited an asylum home for future Swedes.
Regional newspaper, Kristiandstadsbladet reported that a man who had been living at the home for a couple of weeks grabbed a fire extinguisher and sprayed foam all over the minister who didnâ€™t ...
|More News » |