International Monetary Fund / World Bank Protest
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protest the spring meetings this year
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the IMF winds up having to make highly leveraged loans to those nations which come with even worse strings attached. Generally ones involving a liberalization of capital markets and "austerity programs" involving cutting of social services and selling off of national assets. They entail what in essence amounts to the surrender of national sovereignty on the altar of what we euphemistically call the "Free" Market. This is something the overwhelming majority of the population tends to oppose.
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well, the world bank makes loans to countries, theoretically for development. These are inevitably faustian bargains (Structural Development Plans) which come with some horrible strings attached that damage the economies of developing nations. The loans in addtion, may require the nation to focus on export oriented development, to the detriment of it's own people to pay back the loan.
Sometimes this fails, and they threaten to/are of risk of, default on the loan, This brings us to the IMF
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END THE FED!!!
2 years ago 3
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You should do a real 'run' on the bank across the street from the IMF building this time. This would really make them upset. Stand in lince peacably and withdraw money.
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sorry for my ignorance, but what is so bad about the IMF and World Bank???
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The world bank is the WAR MACHINE they like war they make money from it!! They loan money to all countries that fight in the war. They are against alternative fuel sorces because it hurts there pocket books!! The WB is the reason you pay so much at the pump!!!! Just do a little reaserch!!! Look up Henry Kissinger!!!
ListenToPeopleWhoKno 3 years ago 8
down with the world bank and the imf!!!
ListenToPeopleWhoKno 3 years ago 7