The International Monetary Fund (IMF) is: “A public institution, established with money provided by taxpayers around the world. This is important to remember because it does not report directly to either the citizens who finance it or those whose lives it affects. Rather, it reports to the ministries of finance and the central banks of the governments of the world.” The founders were exposed communist Harry Dexter White and British globalist John Maynard Keynes. The IMF, in coordination with the BIS, tightly controls currencies and foreign exchange rates in the global economy.It is a channel for taxpayer money to be used to bail out private banks who made questionable loans to countries already saddled with too much debt.
They uses conditionalities, structured with help from the private banks who loan alongside of them, as a lever to force privatization of key and basic industries, such as banking, water, sewer and utilities accomplishing just the opposite of what was promised the loaned country. The global elite are neither ignorant nor repentant of the distress the IMF has caused so many nations in the third-world. When the public heat gets too hot, the global elite simply join the critics (thereby shunning all blame) while quietly creating new initiatives that allow them to get on with business — that is, their business!
Chronological History of Events Related to the IMF