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The IMF and the World Bank

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  • The IMF and the World Bank

    This thread is inspired by SAT's comment in post #1 here. (See how inspiring you are SAT )

    After a quote about the World Bank:

    Originally posted by SAT
    Pretty much the same message as the IMF
    From the IMF's own website concerning the differences between it and the World Bank .. as well as it's similarities:

    The IMF and the World Bank
    How Do They Differ?

    David D. Driscoll

    If you have difficulty distinguishing the World Bank from the International Monetary Fund, you are not alone. Most people have only the vaguest idea of what these institutions do, and very few people indeed could, if pressed on the point, say why and how they differ. Even John Maynard Keynes, a founding father of the two institutions and considered by many the most brilliant economist of the twentieth century, admitted at the inaugural meeting of the International Monetary Fund that he was confused by the names: he thought the Fund should be called a bank, and the Bank should be called a fund. Confusion has reigned ever since.

    Known collectively as the Bretton Woods Institutions after the remote village in New Hampshire, U.S.A., where they were founded by the delegates of 44 nations in July 1944, the Bank and the IMF are twin intergovernmental pillars supporting the structure of the world's economic and financial order. That there are two pillars rather than one is no accident. The international community was consciously trying to establish a division of labor in setting up the two agencies. Those who deal professionally with the IMF and Bank find them categorically distinct. To the rest of the world, the niceties of the division of labor are even more mysterious than are the activities of the two institutions.
    much, much more

    No surprise that John Maynard Keynes is at the heart of it all. Also no surprise that this is said of him:

    ... a founding father of the two institutions and considered by many the most brilliant economist of the twentieth century ...
    Every economist that believes in the free market, is extremely opposed to Keynes and in fact, despise his "methods." He was also a sexual deviant and, imho, through funding and working with various groups, especially with groups closely associated with the educational elitists, shares much in being responsible for what is going on today.

    John Maynard Keynes was the founder of Keynesian economics and a pedophile.[1][2][3] Lytton Strachey, his male bed partner, wrote that Keynes was “A liberal and a sodomite, An atheist and a statistician.” [4] Keynes and his friends made numerous trips to the resorts surrounding the Mediterranean. At the resorts, little boys were sold by their families to bordellos which catered to homosexuals. [5]

    In 2008, The Atlantic reported:

    "Keynes obsessively counted and tabulated almost everything; it was a life-long habit. As a child, he counted the number of front steps of every house on his street. Later he kept a running record (not surprisingly) of his expenses and his golf scores. He also counted and tabulated his sex life.
    The first diary is easy: Keynes lists his sexual partners, either by their initials (GLS for Lytton Strachey, DG for Duncan Grant) or their nicknames ("Tressider," for J. T. Sheppard, the King's College Provost). When he apparently had a quick, anonymous hook-up, he listed that sex partner generically: "16-year-old under Etna" and "Lift boy of Vauxhall" in 1911, for instance, and "Jew boy," in 1912.[6]

    ”During his early 20s he kept an extensive record of his sexual activities and throughout the early 1900s he had numerous homosexual encounters. The records he kept are available from the modern archives at King's College, Cambridge.[7]

    Barack Obama advocates the use of Keynesian economic concepts despite the fact that the pedophile John Maynard Keynes was incompetent and a fraud.[8]

    Zygmund Dobbs wrote in his work Keynes at Harvard:

    “In 1967 the world was startled by the publication of the letters between Lytton Strachey and Maynard Keynes. Undisputed evidence in their private correspondence shows that Keynes was a life-long sexual deviate. What was more shocking was that these practices extended to a large group. Homosexuality, sado-masochism, lesbianism, and the deliberate policy of corrupting the young was the established practice of this large and influential group which eventually set the political and cultural tone for the British Empire.

    Keynes’ sexual partner, Lytton Strachey, indicated that their sexual attitudes could be infiltrated, “subtly, through literature, into the bloodstream of the people, and in such a way that they accepted it all quite naturally, if need be, without at first realizing what it was to which they were agreeing.” He further explained, privately, that, “he sought to write in a way that would contribute to an eventual change in our ethical and sexual mores—a change that couldn’t ‘be done in a minute,’ but would unobtrusively permeate the more flexible minds of young people.” This is a classic expression of the Fabian socialist method of seducing the mind. This was written in 1929 when it was already in practice for over forty years. It is no wonder we are reaping the whirlwind of student disorders where drug addiction and homosexuality rule the day.[9]
    source

    John Maynard Keynes believed that government spending could create employment and longer term growth. His contemporary and rival Friedrich Hayek believed that investments have to be based on real savings rather than increased public spending or artificially low interest rates.
    source

    Issachar
    The church is on Earth to save souls from a lost world, not to save the world from lost souls.

    Man learns about history, not from history. To learn from history requires wisdom. Cut off from God, he has none, so history repeats; no new thing under the sun.

    I saw ten thousand talkers whose tongues were all broken - dylan

    Psalms 122:8 For my brethren and companions' sakes, I will now say, Peace be within thee.
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