Uploaded by 111foreground on Sep 14, 2009
All images from IMF Annual Report 2008
http://www.imf.org/external/pubs/ft/ar/2008/eng/index.htm
We, and 600 other countries and territories are beholden to a model of corruption we refer to as the GDP equation. C + I + G + (X - M).
What may at first seem innocuous rewards corruption and it is systemic. Economics is the heart of our modern society and GDP is a country's measure of economic health. GDP in the present form points to the root cause of many if not all of our problems.
Dividing GDP by government spending will reward wise spending and reduce or eliminate many if not all of our problems.
Other ideas include monetary reform such as Ron Paul or Bill Still might suggest.
The first step is being aware.
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January 2007, Forbes.com reported:
IMF expert committee recommends sale of 400 tonnes of gold worth 6.6 bln usd 01.31.07, 1:33 PM ET
WASHINGTON - An expert committee of the International Monetary Fund has advised the IMF to sell 400 tonnes of its gold reserves, worth approximately 6.6 bln usd, as part of a new strategy to avert a long-term crunch in its finances.
But the International Monetary Fund should proceed with care in selling any gold to avoid destabilizing world markets, the panel members including former Federal Reserve chief Alan Greenspan recommended.
The IMF has more than 3,200 metric tons of gold as part of its financial stockpile.
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