The IMF is trying to teach China how to suck eggs. Now
telling China to concentrate on shifting its economy towards consumption
and address it real estate problems. What advice has the IMF given to
the USA with its deficit spending problem, soaring debts and banking
problems?
Chinese people thrive on thrift, unlike the USA and its
people spending what they have not earned to impress the world that it
is filthy rich. It is reported that 37% of USA citizens do not have
US$400 in their pocket to meet emergency needs and is rising. That is
how broke they are. The world can see all that poverty translated openly
into homelessness and the queue at soup kitchens.
The IMF is
basically telling China not to concentrate on its successful export
model, thus not try to overtake the USA in GDP just a couple of years
further ahead. That must be the motive.
Just look at what the IMF
did to Argentina, with a debt trap set to tie down Argentina, making it
impossible for Argentina to get out of its debt trap with each
devaluation of its currency vis a vis the US$. As the Argentina currency
falls, paying its debts in US$ gets more difficult and the debt never
gets paid down. Years of repaying finds the debt to the IMF still
remaining stagnant. Argentina is in a mess.
Anonymous
2 comments:
IMF is a western white anglo saxon leaning organization. They're the economic hit man for the white anglo saxon hegemony.
WHO is still beating the drum to force China to open up fully to the COVID19 investigation. Why hasn't the WHO call on the USA to open up Fort Detrick to further investigation, knowing there was a mishap before the outbreak of COVID19?
And why were medical investigators in the USA prevented from exhuming the remains of those who died of a mysterious sickness in late 2019 before COVID's official identification in December of 2019?
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