Book Review: Pillaging the World. The History and Politics of the IMF

“During his bloody coup, Pinochet had fully relied on the active support of the CIA and the US Department of State under Henry Kis­singer. When implementing the toughest austerity program ever carried out in a Latin American country, the “Chicago Boys” received the full backing of the IMF. Regardless of all human rights violations, IMF loans to Chile doubled in the year after Pinochet’s coup, only to quadruple and quintuple in the following two years.”

Read the review of Ernst Wolff’s book on the history of the International Monetary Fund, “Pillaging the World”.

Astute News

No other financial organization has affected the lives of the majority of the world’s population more profoundly over the past fifty years than the International Monetary Fund (IMF). Since its inception after World War II, it has expanded its sphere of influence to the remotest corners of the earth. Its membership currently includes 188 countries on five continents.

For decades, the IMF has been active mainly in Africa, Asia and South America. There is hardly a country on these continents where its policies have not been carried out in close cooperation with the respective national governments. When the global financial crisis broke out in 2007, the IMF turned its attention to northern Europe. Since the onset of the Euro crisis in 2009, its primary focus has shifted to southern Europe.

Officially, the IMF’s main task consists in stabilizing the global financial system and helping out troubled countries in times of…

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Venezuelans Face Rising Threat Of War.

by Jerry Alatalo

omeone famously (and accurately) described the February 2014 U.S.-planned coup in Ukraine, – which overthrew the democratically elected government of Victor Yanukovich and led to civil war – as the most obvious, blatant coup in world history.

People might remember the January 2019 U.S.-planned coup attempt in Venezuela as even more obvious.

In 2014 and Ukraine, the Obama/Clinton State Department and Victoria Nuland appointed the new president “Yats”, Arseniy Yatsenyuk, who shortly afterwards resigned and was replaced by Petro Poroshenko. Ms. Nuland, infamous for her “F@%k the EU!” and “Yats is the guy” unforgettable assertions – caught on an intercepted phone call which quickly went viral on the internet, spoke in front of a group of corporate energy bigs and noted the expenditure of $5,000,000,000 in U.S. taxpayer monies for Ukraine.

In 2019, U.S. Vice President Mike Pence named Juan Guaido the new president of Venezuela, Guaido swearing himself into office, and thus sharing with “Yats” the distinct achievement of appointment as leader of a government overthrown via illegal coup by the big boys from Washington, D.C.. Ukraine is, as the phrase goes, a “done deal”; Venezuelans can hopefully avoid repeating what happened in Ukraine: deadly, unnecessary civil war.

As yet, no Trump administration official has, like Ms. Nuland had done, shared the number of billions in taxpayers’ dollars spent on the effort to overthrow democratically elected President Nicolas Maduro of Venezuela, – however, one might estimate much more than $5 billion, given Venezuela possesses the largest oil reserves on planet Earth.

Whatever the number of $billions, John Bolton seems confident in the investment. He went on Fox News business media casually talking about U.S. oil corporations taking over Venezuela’s oil production, as if it were already a “done deal”.

Similarly, U.S. Secretary of State Mike Pompeo is referring to Venezuela’s elected top politician as “former President Maduro”, as if the over six million people who voted for him and lifted him into the highest office (for the second time) no longer exist.

That Venezuela has stopped taking $ as payment and has influence in the Organization of Petroleum Exporting Countries (OPEC), and considering the possibility that OPEC nations could accelerate the trend of decreased use of U.S. dollars for oil purchases, people might get a better sense of why Donald Trump and his administration are so anxious to place Juan Guaido in the Venezuela big chair.

OPEC consists of Algeria, Angola, Ecuador, Equatorial Guinea, Gabon, Iran, Iraq, Kuwait, Libya, Nigeria, Republic of the Congo, Saudi Arabia, United Arab Emirates and Venezuela. Unfortunately for Americans, their governments have, – especially since the false flag of September 11, 2001 and intended over-17-year fraudulent “war of terror” – alienated much of the rest of the world, and severely tarnished America’s reputation, through implementing massively deadly war as the means of increasing business markets share and profits.

Like the alcohol-addicted men in small towns whose propensity for needlessly beating up others leads to their having to relocate … with reputation burnt up in the Middle East-North Africa region, Venezuela became the easily-predicted obvious next target for the Trump administration.

The people of Venezuela face the very real possibility of experiencing what the people of Afghanistan, Iraq, Libya, Syria, Ukraine and Yemen have become forced to endure since 9/11: the completely unnecessary nightmare of horrific war, violence, displacement, injury and destruction.

The sad part of the story is that 9/11 and all the human-tragedy, bogus “terrorist” wars of choice never needed to happen. Nations and corporations doing fair trade for reasonable profits while willing to follow international law and embracing non-intervention philosophy? …

Perhaps the United States of America can begin repairing with sincerity the self-inflicted damage to its global reputation. Perhaps not, but one thing is for certain.

The good people of Venezuela would greatly appreciate such a path in these days and nights of their overwhelming worry.

Peace.

(Thank you to The Real News Network at YouTube)