Western Tools of Imperial Plunder: The IMF & the World Bank
Rev Left Radio
Breht O'Shea
4.8 • 3.6K Ratings
🗓️ 9 April 2019
⏱️ 62 minutes
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Summary
Greg from "In The Roots" podcast joins Breht to do a introductory examination of the International Monetary Fund (IMF) and the World Bank.
In The Roots podcast can be found here: https://www.patreon.com/intheroots
and here: https://m.soundcloud.com/intherootspod
You can follow Greg on Twitter @_therealgreg_
Outro Music: The IMF by Black Wizard
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Transcript
Click on a timestamp to play from that location
| 0:00.0 | Who are the new rulers of the world? |
| 0:11.1 | Their empire today is greater than the British Empire ever was. |
| 0:15.8 | This is the center of this new empire, all within a square mile in Washington. |
| 0:22.0 | Down the road from the White House and the US Treasury is the World Bank and the International |
| 0:27.6 | Monetary Fund. |
| 0:36.8 | These two bodies are the agents of the richest countries on earth, especially the United States. |
| 0:45.9 | The World Bank and the IMF were set up near the end of World War II to rebuild the economies |
| 0:51.4 | of Europe. |
| 0:53.3 | Later they began offering loans to poor countries, but only if they privatized their economies |
| 0:59.4 | and allowed Western corporations free access to their raw materials and markets. |
| 1:06.2 | Death has really been used as an instrument in order for the IMF and the World Bank to |
| 1:13.4 | get their policies implemented in many developing countries. |
| 1:18.8 | We are in a situation where the poorest countries are in a vicious cycle of poverty. |
| 1:24.9 | They can't get out and the kind of debt cancellation that is being given still will not allow |
| 1:32.3 | them to get out of those poverty traps. |
| 1:35.0 | Not a question of debt forgiveness because actually many of the debts were incurred under |
| 1:41.4 | pressure from the international institutions or were given inclusion with governments |
| 1:48.6 | which were impacting in the interest of their people. |
| 1:51.9 | Let me ask you do you know the difference between Tanzania and Goldman Sachs? |
| 1:59.2 | Tanzania is a country that has a gross national product of $2.2 billion and shares it between |
| 2:05.9 | 25 million people. |
| 2:08.0 | Goldman Sachs is an investment firm which has annual profits of $2.2 billion and shares |
... |
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