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Prof. James Petras – The “Dirty Work” of the International Monetary Fund, Lays the Groundwork for Worldwide Financial Conquest

The IMF is the leading international monetary agency whose public purpose is to maintain the stability of the global financial system through loans linked to proposals designed to enhance economic recovery and growth.

In fact, the IMF has been under the control of the US and Western European states and its policies have been designed to further the expansion, domination and profits of their leading multi-national corporations and financial institutions.

The US and European states practice a division of powers:  The executive directors of the IMF are Europeans; their counterparts in the World Bank (WB) are from the US.

The executive directors of the IMF and WB operate in close consultation with their governments and especially the Treasury Departments in deciding priorities, deciding what countries will receive loans, under what terms and how much.

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