Saturday, April 2, 2016

Planned Economic Crash Courtesy of the IMF - Wikileaks Proves It

WikiLeaks - IMF Internal Meeting Predicts Greek 'Disaster', Threatens to Leave Troika.  WikiLeaks has released the transcript of a conversation which was had between two International Monetary Fund (IMF) heads regarding Greece, it's bailout and Brexit (the British vote on leaving the European Union). I know most Americans don't follow these things; but, this post is not about the EU or the Greece bailout, it is about something much bigger.

WikiLeaks - The Transcript.

Here is a quote from the transcript, "VELKOULESKOU: They want to finish that mission ideally by the 8th of April, so just a week. Or by the 12th or the 13th. Remember on the 6th and 7th of April they want to have this Washington Group debt meeting on the sidelines of the EWG [Eurogroup Working Group], and then.... "  Basically, they are saying that the Greece decision has to be completed before discussing American debt in Washington; but, the two things are unrelated as the debt that is held is EU debt, not American. So you have to ask yourself what is the real connection.

The same person then discusses how they need to wrap up the negotiations because people in Greece are questioning the Income Tax Credit, not tax reform. Who do you figure gets the credit, the rich or the poor and why would the IMF want to give tax breaks when they also want to cut pensions and other benefits?

What becomes clear from the discussion is that the IMF plans on creating an economic "event" in order to get Greece to do what the IMF wants and that they can pick the time when the event will occur. It is also clear that this economic event will effect not just Greece and Europe; but, also the United States and probably all western nations. What I find really interesting is that none of the mass media has picked up on this story to any great degree. This is odd as the timing of the event is somehow related to the refugee question and the vote by Britain on whether or not it will stay in the EU.

Here is what I want my readers to take away from all of this. It is an admittance by the IMF that they plan economic crashes to achieve political policies that are based on providing less support for the middle class and poor and more tax breaks for the wealthy. Sort of sounds like what the west did after the last big crash, they gave tax breaks to the wealthy and increased taxes on everyone else while reducing government benefits and most people thought these things were accidents. Nothing in the global economy is ever an accident.

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