Debt Rattle August 4 2017

 

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    Acropolis and Temple of Jupiter Olympus Athens 1862   • Australia Slams the Brakes on Property Investment (BBG) • Toronto Home Prices Suffer Wors
    [See the full post at: Debt Rattle August 4 2017]

    #35315
    seychelles
    Participant

    The IMF’s top staff misled their own board, made a series of calamitous misjudgments in Greece, became euphoric cheerleaders for the euro project, ignored warning signs of impending crisis, and collectively failed to grasp an elemental concept of currency theory.

    Pure CYA, like Richard Perle blaming Geo Bush for the Iraq War after everyone could see things had turned to poop. Unlimited chutzpah.

    #35316
    Dr. Diablo
    Participant

    Bilbo, why is no one prosecuted? Because they WANT it to be this way, they’re HAPPY with it–since the birth of the IMF. They if they weren’t happy, if they were stepping on someone’s toes, losing some billionaire’s fortune, then he’d use his remaining billions to buy a Minister, take revenge, and someone would get prosecuted.

    The fact that no one is prosecuted is your ipso facto evidence that everything is happing exactly the way they want it to happen, all the right people are winning and the correct people are losing by handing more of their wealth to the people in control. It’s called “Disaster Capitalism” and like 50 books have been written on it. What does it take to admit that no “accident” where no one is prosecuted and no reforms are made, that therefore the accident is the plan? Is it that hard to believe that power people like more power, that money people like more money? Or can they just not conceive that anyone would ever lie about anything?

    The IMF has a clean, 100% failure rate, so what in the last 60 years would ever make you think anything else was going on? Just a very, very slow learner?

    Really boggles my mind sometime how hard it is to tell the simplest, most basic, obvious truths. There is such a thing as gravity. The sun comes up in the east. The IMF was established exclusively to provide plausible cover for powerful nations to savage poor ones for profit. There.

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