Defending IMF Financial Terrorism

On March 29, New York Times editors headlined “Strengthening the IMF.” What demands abolition, they support. It doesn’t surprise.

Longstanding Times policy supports wealth, power and privilege. Populist interests are spurned. Unmet human needs are ignored. Managed news misinformation is featured. Wrong over right is endorsed. It’s been so from inception.

Times editors admit IMF policies aren’t widely loved. It “forced countries in financial distress to adopt counterproductive austerity policies, and it failed to anticipate the financial crisis.”

No matter. It “helped stabilize the global economy, most recently by providing loans to troubled European countries like Greece and Ireland.” It’s “the world’s primary defense against global financial disasters.”

“Increasing the fund’s resources will ensure that it can respond quickly to another wave of turmoil in Europe or elsewhere that would inevitably hurt the American economy.”

It’s hard imagining more twisted thinking.

Times editors endorse doubling the fund’s capital. Doing so assures twice as much damage. IMF policies reflect financial terrorism. Abolish the fund now and end it.

It’s hugely exploitive. It’s the loan shark of last resort. It makes neighborhood ones look saintly by comparison. It doesn’t solve problems. It exacerbates existing ones. It creates new ones. It debt entraps nations. Bondage suffocates them…

CONTINUE READING HERE!

Nine Pictures Of The Extreme IncomeWealth Gap

SWEET! YOU’LL LOVE THIS!

 

Many people don’t understand our country’s problem of concentration of income and wealth because they don’t see it. People just don’t understand how much wealth there is at the top now. The wealth at the top is so extreme that it is beyond most people’s ability to comprehend.

If people understood just how concentrated wealth has become in our country and the effect is has on our politics, our democracy and our people, they would demand our politicians do something about it.

How Much Is A Billion?

Some Wall Street types (and others) make over a billion dollars a year – each year. How much is a billion dollars? How can you visualize an amount of money so high? Here is one way to think about it: The median income in the US is around $29,000, meaning half of us make less and half make more. If you make $29,000 a year, and don’t spend a single penny of it, it will take you 34,482 years to save a billion dollars. . . . (Please come back and read the rest of this after you have recovered.)

What Do People Do With SO Much?

What do people do with all that money? Good question. After you own a stable of politicians who will cut your taxes, there are still a few more things you can buy. Let’s see what $1 billion will buy.

Cars

This is a Maybach. Most people don’t even know there is something called a Maybach. The one in the picture, the Landaulet model, costs $1 million. (Rush Limbaugh, who has 5 homes in Palm Beach, drives a cheaper Maybach 57 S — but makes up for it by owning 6 of them.)

Your $1 billion will only buy you a thousand Maybach Landaulets.

Here are pics of just some of Ralph Lauren’s collection of cars. This is not a museum, this is one person’s private collection. You don’t get to go look at them…

A PICTURE IS WORTH A THOUSAND WORDS, HERE!