Deputy Chairman of Russia's🇷🇺 Security Council Dmitry Medvedev:
'For decades, this fraudulent work has been cemented by the institutes of the Bretton Woods system, the International Monetary Fund, and the World Bank Group.
They operate under the classical scheme of neocolonial racketeering. If the countries of the Global South, East, or Latin America are facing a fiscal deficit or a balance-of-payments crisis, they contact the IMF for assistance.
The IMF and the World Bank issue a loan, but tie the countries by truly humiliating conditions. They oblige the countries to undertake the programme of structural reforms, and through those so-called reforms, their country does not become just inefficient, but actually dependent on other countries.
They end up in a debt spiral, and they are forced to take new borrowings, and there is no way out of it. And all the blame for that is cynically put on the shoulders of the victim.'
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Going Underground Former Economic Hit Man John Perkins SLAMS the IMF & World Bank: ‘GDP really measures how well the wealthy are doing and their corporations. It doesn’t significantly measure the majority of people in most countries. For many years, I believed that the policies…
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