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1. IMF's unlimited backing of this Club has not been good for most of people of their countries either because the artificially created IMF Money Supply has been constantly creating artificial Economic Growth and most of these countries have let wealth accumulate in 3% of its Richest Citizens deteriorating Standard of Living of 97% of their Populace.
2. The biggest Evidence of the statement in # 1 above is that USA is 23% of World Economy but has 40% of Billionaires of World according to one of its own Magazines that compiles List of Billionaires of World.
3. Industrial Sector Job Growth of countries of 'the Club' had become Zero, when IMF had adopted this Policy in late 1970's and its still negative.
4. Countries in all rest of 7 Classes have faced uphill battle to increase prosperity and reduce Poverty because of IMF's Prejudice against them.
Evidence that IMF is deciding Fate of countries
1. By ordering countries to devalue their Currencies, when they need more Loan (because of spending more Foreign Exchange than earning it) but having no way of doing the same for the White Race Richest US Allies and USA.
2. Earning less Foreign Exchange than spending it is considered Monitory Mismanagement by Poor and Under Developed countries but not, when it comes to the White Race Richest US Allies and USA.
3. To reduce their Foreign Exchange Spending, when Poor or Under Developed countries raise Tariffs on Imports, IMF tells them, it would stop granting them Loans if they keep doing that. They are constantly told to reduce their Tariffs but when reducing Tariffs and or not raising Tariffs causes increase in their Foreign Exchange spending, they are ordered to devalue their currencies. Its a no win situation.
4. IMF tells all Poor and Under Developed countries to keep Inflation down by not printing more Money but it keeps creating Money out of Thin Air causing Inflation in Turkish Bath Club and rest of world importing their Goods from them.
5. IMF even tells countries, how to raise Revenues to have a Balanced or Surplus Budget to countries of world but not to Turkish Bath Club Members, meaning White Race Richest US Allies and USA. They can have Budget Deficits constantly, print new money, cause Inflation. IMF would finance their Imports no questions asked, no restrictions imposed like they are imposed on Poor and Under Developed countries.
6. All Poor and Under Developed countries can use a part of IMF Loan to buy Non Productive items and even Arms and Weapons, IMF would never object to it because their such purchases are good for Turkish Bath Club Members.
7. Its seems, devaluation of Currency of the Poor and Under Developed countries is very desirable for Turkish Bath Club so, its Members can buy their Products cheaper however, if a country like China starts accumulating Surplus Foreign Exchange or F.E. Reserves, its accuse of 'Illegal Dumping' by the Turkish Bath Club; meaning, China has been subsidizing her exports on the other hand, White Race US Allies and USA can always do the same by subsidizing their Farmers and Industrialists, no questions asked.
8. Every country that imports more than it exports, Money Supply in that country reduces and its infused back in to Economy by increasing Spending.
9. On the other hand very country that exports more than it imports, Money Supply in that country increases causing inflation and if its Economic System is just, it raises Standard of Living of its ordinary people.
10. The Benefit to Balance of Trade Deficit country because of what is explained in #5 in Government Spending increases more, more it imports but IMF only permits US White Race richest Allies and USA to have such benefits by generously granting Loans. It does not grant Loans like that to rest of countries of world and tells them to devalue their currency, when their Import increases to much like in the Turkish Bath Club Member countries.
11. When because of more Exports than Imports Non Bath Club Members accumulate enough Foreign Exchange Reserves, its treated as their fault and they are told by IMF that they are not importing enough and should appreciate their Currency's Rate of Exchange to make Imports cheaper for their citizens in order to increase their Imports, while the Club Members accuse such a country like China of 'Dumping' and in some cases even impose Tariffs on some Chinese Exports to their countries calling it 'Penal Tariffs' though Non Club Members are never allowed to do the same on their Imports from the Club Members.
12. Actually, all countries earning Foreign Exchange from the Turkish Bath Club Members are only earning the Fake Money that is created by IMF out of Thin Air by false Book Keeping of debiting the accounts of the largest Economies of world and the countries that hold Foreign Exchange Reserves. 0nly Non Turkish Bath Club Members, who hold Foreign Exchange Reserves pay any real money otherwise, all IMF Loan Money is fake because its Books do not balance.
13. Evidence of statement in # 12 is, Total IMF Loans to countries of World $ 55.2 trillion. Foreign Exchange Reserves of whole world $ 12.1 trillion, which means $ 43.1 trillion worth of Loans have been created out of Thin Air for the Richest White Race US Allies and USA because $ 33.6 trillion of that or 79% has been loaned out to them.
14. Since Turkish Bath Club Members (the Richest White Race US Allies and USA) comprise do not comprise more than even 50% of World Economy, IMF can not collect 79% of the amount of Money it has loaned to them and rest of countries of world are being forced to pitch in the other 30% of the Money that IMF has been loaning them out, when the present main Donators Japan, China, Saudi Arabia and Russia do not even use their Special Drawing Rights (SDR). Same is the case with, Taiwan, S. Korea, Singapore, etc.
15. Since # 13 above proves that $ 43 trillion of the IMF Loans granted to countries have been created without any Money or Thin Air and Total GDP of World is $ 70 trillion, it means 61% of World Economy is based on that Fake IMF Created Money and about 80% of that Fake Money is being used by IMF to inflate Economies of Turkish Bath Club Members to keep their Exchange Rates artificially high just so they can keep importing freely without earning any Foreign Exchange.
16. Since the Club Members owe 124% of their GDP and they have only 4% of that showing in F.E. Reserves, it means, they have borrowed 1.2 year of their GDP already without earning it.
17. Inflation Rate in USA and rest of her Club Members has not been rising because Imports keep reducing Money Supply though Foreign Debt keeps rising, however, why should they worry about it, when they do not have to pay their Foreign Debt and IMF can keep forcing countries of rest of the world to pay IMF Dues and Donations to keep feeding them Loans generously every year?
18. This malicious intricate and complicated IMF game continues on because before me, there was no Economist, who had tried to understand, how IMF is being run. Even if someone tries to understand, how IMF is run, it explains itself in such a complicated way hiding the Basic Facts that he forgets, his own questions and thinks, they have been already answered and its his fault that he has failed to understand doesn't matter his IQ is 145/160.
19. Besides all this, main purpose of IMF is to keep imports to the USA and her Club Members the cheapest possible and this is way devaluation of Currency of the Poor and Under Developed countries is very desirable for it so, its the US Club Members can buy their Products cheaper however, if a country like China starts accumulating Surplus Foreign Exchange or F.E. Reserves, its accuse of 'Illegal Dumping' by the Club Members; meaning, China has been subsidizing her exports, while on the other hand, the US Club Members can always do the same by subsidizing their Farmers and Industrialists, no questions asked.
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20. In simple words for a person with average IQ, thanks to present prejudicial World Monitory System, USA and her White Race Richest Allies in Class 1 have gotten Imports worth more than 120% of their one year's GDP or Economy for free. Class 2 White Race countries 65% and rest of countries of world from Zero to 33%.
21. The Class 1 and 2 White Race countries, population 11.85% of World have gotten almost 82% of all IMF Loans and rest of the nations of world just 18% though Non White Nations contribute a lot more than 18% in IMF Yearly Membership Fees and Contributions so, actually Loans of those country's are being subsidized by Non White Nations of world so, they can keep having their Exports free.
22. The main Non White Nations that contribute the most to subsidize Economies of White Class 1 and 2 countries are Japan, China, Saudi Arabia, Russia, Taiwan, S Korea, Singapore are the biggest victims.
23. IMF can give us an excuse that it gives out Loans according to the size of GDP of Countries but the problem is, Loans decide size of Economies of the Class 5 to 8 Countries. Poorer they are more the Charity of Aid and Loans have positive effect on them to raise their Per Capita Income. For Example, Pakistan 2001, Per Capita $ 500. Then, Pakistan sides with USA against Taliban Regime in Afghanistan. Tons of Charity of Aid pours in and IMF becomes very generous in granting Loans to Pakistan. Pakistan Per Capita Income 2007, $ 1,000 despite 40% devaluation. Economy or GDP doubled in just 6 years though not Industrially (because of its corrupt vision-less Leaders and Establishment). "Oh Pakistan's Economy has doubled in just 6 years so, lets double the Loan Allowance of Pakistan", though no real Industrial Growth took place, right?
24. IMF Loans have same effect as explained in # 23 above on all the Class 1 and 2 White Countries also. No Industrial Growth. Just fake Economic Growth that keeps their Currency's Exchange Rate higher against rest of nations of world though they claim its not because of their keep printing more Money and free imports with fake Money debited in their IMF Accounts that they never pay back.
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IMF Loan Distribution by Population of World:
Class 1 'the Richest' White Countries : 80.6 % (Population 11.3 % of world)
Class 1 'the Richest' Non White countries: 7.1 % (Population 2 % of world)
Class 2 'the Richer' White countries : 1.4 % (Population 0.5 % of world)
Class 2 'the Richer' Non White countries : 1.3 % (Population 1.2% of world)
Class 3 'the Rich' Countries : 2.1 % (Population 6.2% of world)
Class 4 'Average' Countries : 2.6 % (Population 4.2% of world)
Class 5 'Below Average' Countries : 2.4 % (Population 27 % of world)
Class 6 'Poor' Countries : 2.1 % (Population 9 % of world)
Class 7 'Poorer' Countries : 1.1 % (Population 27.8 % of world)
Class 8 'the Poorest' Countries : 0.2 % (Population 10.6 % of world)
ANALYSIS of IMF
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1. If you look at amount of Money loaned to countries of world by IMF general impression you get is that 'More IMF Loans, richer the country'.
2. The White Race Richest US Allies and USA are 11.4% of World Population but they owe 80% of all IMF Loans, which means 120% of their GDP, when they are $ 33.6 trillion or 48.7% of World Economy $70 trillion.
3. Why IMF orders all Poor Countries of World to devalue their Currency does not do the same with USA and the Richest US Allies?
IMF has a simple Answer. "Their Currencies are traded in Open Market, simple Supply & Demand decides their Exchange Rate because they are on Floating Rate. They are not fixed by their governments and Market decides Exchange Rate of those Currencies therefore, IMF can not ask those countries to devalue their Currencies".
This Answer sounds right but does this prove right by rules of Free Market Enterprise?
No because those Currencies are being supported by IMF to the hilt so, they do not devalue against currencies of rest of countries of world and they only trade against each other. Its like a 'Members Only' Turkish Bath, where nobody has clothes on and nobody else is allowed to enter.
Open Market Competition hardly exists between White Race US Richest Allies and USA and G7 Meetings of Turkish Bath were regularly held though Japan was never a full member and was never granted IMF Loans as generously as real Members. Membership has been increased and its called G20 but Non White Race Countries and Russia can not take their clothes off like rest of the Members and they have not gotten that many IMF Loans. They have been offered Membership because they have grown their Economies a lot despite IMF making sure that only White Race US Allies and USA prosper.
I have classified countries of world in 8 Classes by their Per Capita Income and Monitory Portfolio of the top 3 has already been presented to Readers in my previous articles below this. This is another Installment.
Class 1.
The World’s Richest
Per Capita Income: Above $ 30,000
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USA and her White Race richest Allies and their Territories:
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Names :
Andora, Australia, Austria, Cypress, Falkland, Finland, Faroe, France, French Polynesia, Germany, Gibraltar (UK), Greenland, Guadalupe, Iceland, Ireland, Isle of Man, Israel, Italy, Jersey, Liechtenstein, Luxemburg, Martinique, Monaco, Netherlands, Netherlands Territories, New Caledonia, New Zealand, Norway, San Marino, Spain, Sweden, Switzerland, UK, USA.
IMF Loans : $ 44.54 trillion or 80% of all IMF Loans, $ 55.2 trillion
Foreign Exchange Reserves: $ 1.89 trillion
Net Money owed : $ 42.65 trillion or 120.1% of GDP, $ 35.5 trillion
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Non White Richest Countries:
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Names:
Bermuda, Brunei, Bermuda, Honk Kong, Japan, Kuwait, Nauru, Qatar, Singapore, UAE.
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IMF Loans : $ 3.97 trillion
F.E. Reserves : $ 1.84 trillion
Net Money Owed : $ 2.13 trillion or 33% of GDP, $ 6.31 trillion
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Class 2.
World’s Richer
Per Capita Income: Above $ 18,500 to $ 30,000
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White Countries:
Names:
Czech Republic, Curacao, Greece, Portugal, Slovakia, Slovenia,
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IMF Loans : $ 773 billion
F.E. Reserves : $ 86 billion
Net Money Owed : $ 687 billion or 65.4% of GDP, $ 1,05 trillion
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Non White Countries:
,
Names:
Bahamas, Bahrain, British Virgin Islands, Equatorial Guinea, Oman, Saudi Arabia, S. Korea, Taiwan.
,
IMF Loans : $ 0.766 trillion or 766 billion
F.E. Reserves : $ 2.74 trillion (mainly because of Saudi Arabia and Taiwan with F.E. Reserves way higher than Loans)
Net Money Owed : Zero.
Surplus Reserves : $ 1.99 trillion
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Class 3.
World’s Rich Countries
Per Capita Income: Above $ 12,050 to $ 17,000
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Names:
Antigua, Aruba, Barbados, Brazil, Chile, Croatia, Estonia, Hungary, Latvia, Libya, Lithuania, Poland, Puerto Rico (USA), Romania, Russia, St. Kits, St. Pierre, Trinidad, Uruguay, US Virgin Island, Willis Island.
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IMF Loans : $ 1.18 trillion
F.E. Reserves : $ 1.09 trillion (because of Russia, Brazil and Libya with F.E. Reserves way higher than Loans)
Net Money Owed : $ 0.09 trillion or $ 90 billion or 1.19% of GDP, $ 5.56 trillion.
Class 4.
World’s Average Countries & Territories
Per Capita Income: Above $ 8,500 to $ 12,000
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Names:
American Samoa, Anguilla, Argentina, Armenia, Bonaire, Botswana, Cook Islands, Costa Rica, Gabon, Georgia, Guam (USA), Kazakhstan, Lebanon, Mauritius, Malta, Mexico, Niue, Romania, Palau, Panama, Malaysia, Montserrat, Seychelles, Surinam, Turkey, Venezuela.
Population : 304 million
GDP : $ 3.37 trillion
IMF Loans : $ 1.46 trillion
F.E. Reserves : $ 680 billion (because of Mexico, Malaysia and Turkey with F.E. Reserves $ 426 million)
Net Money Owed : $ 880 billion or or 29% of GDP.
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Class 5
World’s Below Average Countries & Territories
Per Capita Income: Above $ 4,000 to $ 8,000
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Names:
Algeria, Angola, Azerbaijan, Belarus, Belize, Bosnia, Bulgaria, Cayman Island, China, Columbia, Cuba, Dominican Rep., Ecuador, Fiji, Gambia, Iran, Iraq, Jamiaca, Jordan, Macedonia, Maldives, Mayotte (France), Montenegro, Namibia, Peru, St. Lucia, St. Vincent, Serbia, S Africa, Saipon (USA), Thailand, Tonga, Tunis, Turkmenistan.
Population : 1.9 billion (mainly because of China 1.36 billion)
GDP : $ 9.8 trillion (mainly because of China $ 7+ trillion)
IMF Loans : $ 1.33 trillion (mainly because of China $ 772 billion)
F.E. Reserves : $ 4.24 trillion (because of China with F.E. Reserves $ 3.5 trillion)
Net Money Owed : $ Zero.
Net Money Owed by the Class 5 Nations minus China $ 726 billion or 27.6% of their GDP $ 2.63 trillion.
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Class 6
Poor Countries & Territories
Per Capita Income: Above $ 2,000 to $ 3,900
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Names: Albania, Bolivia, Bhutan, Cape Verde, Congo Rep., E. Timor, Egypt, El Salvador, Guatemala, Guyana, Honduras, Indonesia, N. Korea, Kosovo, Marshal Islands, Micronesian Islands, Moldova, Mongolia, Morocco, Papua New Guinea, Polynesian islands, Paraguay, Philippines, Samoa, Sri Lanka, Swaziland, Syria, Tuvalu, Ukraine, Venautu.
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Population : 642 million (Indonesia, 238 million)
GDP : $ 2.25 trillion (Indonesia $ 847 million)
IMF Loans : $ 1.19 trillion
F.E. Reserves : $ 290 billion
Net Money Owed : $ 829 billion or 36.8% of GDP.
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Class 7
Poorer Countries & Territories
Per Capita Income: Above $ 1,000 to $ 1,900
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Names:
Cameron, Chad, Cote de Ivor, Djibouti, Ghana, India, Kenya, Kiribati, Kyrgyzstan, Laos, Lesotho, Mauritania, Nicaragua, Nigeria, Pakistan, Sao Tome, Senegal, Solomon Islands, Sudan, Tajikistan, Uzbekistan, Vietnam, Yemen, Zambia.
Population : 1.95 billion (mainly because of India 1.23 billion)
GDP : $ 2.79 trillion (mainly because of India $ 1.89+ trillion)
IMF Loans : $ 608 billion (mainly because of India $ 371 billion)
F.E. Reserves : $ 380 billion (mainly because of India with F.E. Reserves $ 288 billion)
Net Money Owed : $ 228 billion or 8.17% of the GDP.
Net Money Owed by the Class 7 Nations minus India $ 160 billion or 17.88% of their GDP $ 895 billion.
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Class 8
The Poorerest Countries & Territories
Per Capita Income: Below $ 1,000
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Names:
Afghanistan, Bangladesh, Benin, Burkina Faso, Burundi, Cambodia, Central African Rep., Comoros, Congo Dem. Rep., Eritrea, Ethiopia, Gambia, Guinea, Guinea Bissau, Haiti, Liberia, Madagascar, Malawi, Mali, Mozambique, Nepal, Niger, Somalia, S Sudan, Tanzania, Togo, Uganda, Zimbabwe.
Population : 743 million (Bangladesh, Congo Dem. Rep., Ethiopia, Tanzania 351 million)
GDP : $ 443 billion (Bangladesh $ 106 billion)
IMF Loans : $ 118 billion (Bangladesh $ 36 billion)
F.E. Reserves : $ 33 billion (Bangladesh Reserves $ 16 billion)
Net Money Owed : $ 85 billion or 19.19% of the GDP.
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