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Replies to Msg. #1216458
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 Msg. #  Subject Posted by    Board    Date   
38387 Re: A Little More from "Creature From Jekyll Island":
   and the lenders never see their money paid back of course. So they... 		micro   6TH POPE   17 Dec 2022
 4:44 PM
38386 Re: A Little More from "Creature From Jekyll Island":
   I've got an audible version of the book. I'm thinking of trying to re... 		Fiz   6TH POPE   17 Dec 2022
 4:42 PM

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Re: A Little More from "Creature From Jekyll Island":

By: Decomposed in 6TH POPE
Sat, 17 Dec 22 3:55 PM
Msg. 38383 of 60008
(This msg. is a reply to 38380 by micro)
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micro:

Re: “I am assuming its the United States and its corrupt leadership.. I also suspect that anyone else is a DISTANT second.” You would be right. The money comes mostly from the US.

In 1980, the IMF and World Bank - which are closely related - began lending to China despite the fact that China was putting a huge amount of money at the time into building its military. A funny thing about these loans is that underdeveloped countries have a described need for money but the IMF always lends them much more than that.

Within a few years, China was the second biggest recipient of these loans, behind only India.

But as its economy bloomed, China started lending money to underdeveloped nations as well. In 15 years, it had eclipsed the IMF/World Bank, lending some $1.3 trillion to other countries. It effectively became an alternate IMF.

You might wonder why it would do this. And why would the IMF do this? The reason is that the recipient countries are gradually ceding control of their countries to the lenders. China and the IMF are competing to buy control of other countries that have become addicted to the ever-growing loan money. It's diabolical.


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