You missed the part where the IMF dictates to the government in debt and in need of debt restructuring what are the 'correct commitments' it needs to have in order to obtain the IMF loans.
History of debt - Jubilee !!! Each country has the real possibility to create sovereign currency only that the states participating in the economic game do not want a country to issue sovereign currency that can endanger other alliances already formed.
You're going to be very busy soon aren't you, with most of the developed world knocking on your door, oh but you anticipated this didn't you and laid on extra staff. I really appreciate this information, well presented and easy to follow for anyone who took this diversion through the rabbit hole, bravo!
See the biggest problem is that you lend out loans to countries but then dont hold them accountable, in that the loans get used to finance the social programs that the loans were destined to for. Because what ends up happening is that a large portion of those loans endup in the bank accounts of gov. officials and not into the public welfare crisis the loans seek to address. Do that and I'm sure the loans will get paid back because if it were truely invested in creating human capital, then wealth and prosperity can follow such a situation.
there's also the problem that citizens aren't individually responsible for national debt, putting social controls on repayments is voluntary but they use emotional distress to make the people pay it.
You missed the part where the IMF dictates to the government in debt and in need of debt restructuring what are the 'correct commitments' it needs to have in order to obtain the IMF loans.
Lol. "Sovereign Debt Restructuring". This must be where IMF gets to keep its debt and countries regain their sovereignty.
History of debt - Jubilee !!!
Each country has the real possibility to create sovereign currency only that the states participating in the economic game do not want a country to issue sovereign currency that can endanger other alliances already formed.
You're going to be very busy soon aren't you, with most of the developed world knocking on your door, oh but you anticipated this didn't you and laid on extra staff. I really appreciate this information, well presented and easy to follow for anyone who took this diversion through the rabbit hole, bravo!
Where does the IMF gets all these money to lend out?
It simple, each county just keep printing their own money.
See the biggest problem is that you lend out loans to countries but then dont hold them accountable, in that the loans get used to finance the social programs that the loans were destined to for. Because what ends up happening is that a large portion of those loans endup in the bank accounts of gov. officials and not into the public welfare crisis the loans seek to address. Do that and I'm sure the loans will get paid back because if it were truely invested in creating human capital, then wealth and prosperity can follow such a situation.
In other words, IMF can only say buzz off if you wish for debt restructuring.
there's also the problem that citizens aren't individually responsible for national debt, putting social controls on repayments is voluntary but they use emotional distress to make the people pay it.
and yet they suffer the consequences of an irresponsible goverment, but hey what can we do?
@@craigmalcom6294 learn the law👍🌠👨🏫
The key players in Governments negotiate in their personal interests....
Barrow debt to pay for debt
I wonder why they never stop borrowing because all they borrow is debt
Peter Schiff, Ray Dalio, George Gammon, Raoul Pal,Brent Johnson,Russell Napier and many more Do NOT approve this message.
if this happen, will USD become of no value?
What the criteria IMF lend money to the governments
IMF is doing such a great purpose for countries which suffer financially
you are mad wena
Hahahahahaha the first line
Governments have another option. Adopt bitcoin
Your back ground music is disturbing. Get rid of it.