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The IMF and the international banks regulated by the BIS are a team: the international banks lend recklessly to borrowers in emerging economies to create a foreign currency debt crisis, the IMF arrives as a carrier of monetary virus in the name of sound monetary policy, then the international banks come as vulture investors in the name of financial rescue to acquire national banks deemed capital inadequate and insolvent by the BIS.
The 2009 Bilderberg meeting reported on its desire to advance long-existing plans to create a global treasury or global central bank, to manage the world economy. In 2009, prior to the Bilderberg meeting, the G20 set in motion plans to make the IMF a global central bank, upgrading Special Drawing Rights (SDRs) to the status of world currency.
In May 2010, IMF Managing Director Dominique Strauss-Kahn stated that “crisis is an opportunity”, and while SDRs are a step in the right direction, ultimately what is needed is “a new global currency issued by a global central bank, with robust governance and institutional features”. What Strauss-Kahn left unsaid was: “This will only work if the US is in control and not forced to submit to IMF ‘structural adjustments’ like all other countries.” But that would merely strengthen the stranglehold international bankers already have on the world economy, effectively ceding the empire to them. It is very unlikely that US nationalists, not to mention the BRICs, would allow this, as it would truly signal the “end of history”.