IMF

IMF Uses Troubled Economy to Bash National Independence [VIDEO]

National independence and national sovereignty are greater concerns to the IMF than the looming economic crisis.

IMF Official Maurice Obstfeld partially acknowledges our horrible economic circumstances, but he does so to blame national independence movements.

World finance officials who meet in Washington this week confront a bleak picture: Eight years after the financial crisis erupted, the global economy remains fragile and at risk of another recession.

If the IMF feels compelled to admit a “state of alert” then they must be extremely alarmed.

Notice, though, that Obstfeld refuses to even consider that the political agenda of promoting regional, transnational, “trade blocs”—which actually entail supranational governing entities—are responsible for the bleak economy.

The Washington Post reported on Obsfeld’s statement, saying,

The gloomy outlook comes during a period of relative stability in global financial markets after a tumultuous start to the year that echoed the wild swings suffered in summer and early fall. But the IMF warned that the calm could be deceiving.

In June, Britain will hold a historic vote on whether to remain part of the European Union, a decision that will test the limits of the continent’s political and economic ties. Obstfeld characterized the potential for a so-called “Brexit” as a “real possibility,” one that threatens to unleash a new wave of fear and uncertainty among investors. In addition, he dubbed the flood of Syrian refugees into Europe a “humanitarian disaster” that is fraying already-tense relationships.

But the flood of Syrian refugees plainly shows the folly of making all European nations submit to the dictates of a single continental parliament. The elected leaders of each nation are responsible to their fellow citizens to make decisions that are in their best interests.

The EU has brought several problems to the European member nations, including an influx of immigrants containing a significant number of terrorist, and a debt crisis. Naturally, citizens of Britain want to protect themselves from these problems.

The IMF seems to be trying to portray this response as the reason for the economic slowdown. No. They are simply trying to deal with the economic problems that were created by others. National independence movements are being framed for crimes they didn’t commit.

Tags

Joe Scudder

Joe Scudder is the "nom de plume" (or "nom de guerre") of a fifty-ish-year-old writer and stroke survivor. He lives in St Louis with his wife and still-at-home children. He has been a freelance writer and occasional political activist since the early nineties. He describes his politics as Tolkienesque.

Please leave your comments below

Facebook Comments

Disqus Comments