A caller on C-Span’s Washington Journal asserts that Congressman Ron Paul and Infowars.com are better sources to understand the current financial crisis than the dominant mainstream media and typical go-along political figures.
The caller also brings up the Federal Reserve as being the main issue that Washington needs to address.
Uri Dadush, Economic Department Director of the World Bank, seems stumped by the mention of the Federal Reserve, which he claims is ‘part of the system of U.S. government already’, before redirecting the conversation towards liquidity efforts in the private banking sector.
Dadush misses the point– perhaps out of confusion, and perhaps out of reluctance to discuss– that the Federal Reserve (which is private, but given power [unconstitutionally] by Congress) controls the money supply and can print at will.
Seems he certainly was confused by the caller. If this is how well educated he is I would be skeptical of letting him anywhere near the World Bank, let alone be a Director of it. The Federal Reserve is privately owned and operated.
I guess the World Bank Director is OH misinformed. The Federal Reserve owns 54% of the Government one could say. Yes one could say that, as the Government owes them, that much money in comparison to what they owe the rest of the planet. Now lets see 54% of ten -elleven trillion = “yup they own the Government”. How comforting?
The caller is correct in a few of his comments.
The world Bank and IMF do put stipulations in when lending money to anyone. They want countries to open their doors to Privatization and Capitalism. Of course as we all now well know Capitalism is a false foundation to stand upon. In view of the stock markets and bank failures of late.
They are rather forceful in wanting their natural resources to be used and abused.
Do they actually help or do they just help the corporations? Well seems they help the corporations exploit the countries. This of course leads to their natural resources being pillaged, plundered also polluting of the water and air.
From the original Canada-US free trade agreement and NAFTA to the WTO agreements and the proposed Free Trade Area of the Americas, these international treaties are about making it easier for the world’s largest corporations to lower their costs. It allows them to seek out the cheapest workers, the most lax environmental laws and to use the threat of relocation to get what they want. The notion that any country, its workers or consumers benefit from such agreements is a myth.
There are numerous organizations that could enlighten one on this issue. Of course it might take a bit of time to investigate.
The World Bank and the International Monetary Fund Encourage Free Trade agreements and opening up countries to Capitalism. Neither is good for anyone in said countries however.
Seems they are not actually there to help ordinary people just the corporations, they just pretend to help the poor.
Headquarters
International Monetary Fund,
700 19th Street, N.W.,
Washington, D.C. 20431
Headquarters
The World Bank
1818 H Street, NW
Washington, DC 20433 USA
Should we all be a bit suspicious? Well yes.
When the rights of any group of people are removed, you too loose the very same rights.
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