The Soul of Money and The Feeling of Power



[C]-05

The Possibility of Control

The Bretton Woods twins, the World Bank, and the IMF used the global debt to discipline the Third World and to weaken the capabilities of Third World governments in dealing with Northern states, corporations and Nortern dominated multilateral agencies. The World Bank’s “structural adjustement” lending approach has been the key vehicle for the market liberalization program that was applied across the board to Third World economies.
Almost invariably, structural adjustment programs have the following elements :
- Radically reduce government spending on health, education and welfare
- Privatize and deregulate state enterprises
- Devalue the currency
- Liberalize imports and remove restrictions on foreign investment
- Cut or constrain wages and eliminate or weaken mechanisms protecting labor

Kevin Danaher, 10 reasons to abolish the IMF & World Bank, 2001, p 11

And The Money of Soul

These are the kind of people that are running the IMF and we want to turn the world finances and the control of the money supply to them. That should awaken everybody to the fact that they ought to look into the IMF and find out why we shouldn’t be sacrificing more sovereignty to an organization like that and an individual like he was.

Ron Paul, Fox News, May 15, 2011

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