by Kevin Gilmour on 01/06/2011
The unrest sweeping across the globe is almost unrealistic. Countries are rioting and demanding democracy left and right. Europe has even joined the battle cry for freedom. However the battle cry in Europe is much different than the ones in North Africa. What is causing these uprisings; is it democracy or greed? Greece is on the brink of financial disaster, and the IMF is still shoving worthless bank notes down their throats. “The International Monetary Fund (IMF) approved on May 9 a €30 billion three-year loan for Greece as part of a joint European Union-IMF €110 billion financing package to help the country ride out its debt crisis, revive growth, and modernize the economy.” Source
This isn’t the first time the IMF has loaned Greece scrupulous amounts of money.
“The U.S. role comes from its obligations to the IMF, which is lending an additional $39 billion as part of the Greek package. The U.S. pays roughly in proportion to its stake in the IMF, as do other countries…” Source
We see these types of loans here in American all the time. It was loans like these that caused the economic bubble to burst in 2008.
The IMF has been flying under the radar for many years giving money out like it’s printed from thin air. The top recipient of IMF loans is Mexico with a whopping 30 billion in unpaid loans. Source
The list of countries the IMF has loaned to contains mostly underdeveloped countries. These countries have little to no chance of ever paying these loans back. Here is were the middle east enters.
“According to the IMF, Libya’s Central Bank is 100% state owned. The IMF estimates that the bank has nearly 144 tons of gold in its vaults. It is significant that in the months running up to the UN resolution that allowed the US and its allies to send troops into Libya, Muammar al-Qaddafi was openly advocating the creation of a new currency that would rival the dollar and the euro…..
The US, the other G-8 countries, the World Bank, IMF, BIS, and multinational corporations do not look kindly on leaders who threaten their dominance over world currency markets or who appear to be moving away from the international banking system that favors the corporatocracy. Saddam Hussein had advocated policies similar to those expressed by Qaddafi shortly before the US sent troops into Iraq.” Source.
In my opinion the economic collapse in America, and now many other countries was carfuly orchestrated. Americans have seen this type of manipulation before during the great depression.
“They resorted to printing money to fund the war, leading to massive inflation, unemployment, political instability and general suffering across the Continent. It’s no wonder, then, that after the signing of the armistice in 1918 the world’s four most powerful bankers — a fraternity described in newspapers of the time as “the world’s most exclusive club” — did everything they could to force nations back to the discipline of the gold standard.” Source
After the great depression the created the Federal Reserve which is privately owned by shareholders: the shareholders are giant banks. Now these giant banks see an opportunity in the Middle East.
“Egypt’s government expects to conclude talks on a $3 billion loan from the International Monetary Fund by June 5 as the North African country seeks to fund its widening budget deficit after a popular revolt.” Source
There are many more damning signs of corruption and globalization in the Middle East. James Crown is a director of JP Morgan, he is also an independent director of General Dynamics. His father sits on the directors bored of the Chicago Council on Global affairs, Michelle Obama is also a member.
JP Morgan has been scouting Afghanistan for precious minerals, especially gold. They said in a CNN interview that there is 1 trillion dollars in untapped resources in Afghanistan. They aren’t the only ones on the hunt, they have the help of the Pentagon.
“To Hannam, chairman of J.P. Morgan Capital Markets, Afghanistan represents a gigantic, untapped opportunity — one of the last great natural-resource frontiers. Landlocked and pinioned by imperial invaders, Afghanistan has been cursed by its geography for thousands of years. Now, for the first time, Hannam believes, that geography could be an asset. The two most resource-starved nations on the planet, China and India, sit next door to Afghanistan, where, according to Pentagon estimates, minerals worth nearly $1 trillion lie buried.” Source
This is not the first time the pentagon had their eyes on resources in Afghanistan.
“Afghanistan has so much of the metal that it could become the “Saudi Arabia of lithium,” according to an internal Pentagon memo quoted by the New York Times.The iron and copper deposits are also large enough to make Afghanistan one of the world’s top producers, U.S. officials said.
“There is stunning potential here,” General David Petraeus,…” Source
There are also rumors that the opium production in Afghanistan has significantly increased since our invasion. The evidence of the corruption in globalization is overwhelming.
The question is: what are you going to do about it?