US, WASHINGTON (ORDO NEWS) — Sale of land, the law on banks, medical reform: Ukraine systematically turned into a colony of Western globalists, and the population into slaves. It was this scenario of colonization that the third world countries passed, which at one time entered into cooperation with the IMF. Now the turn has come to Ukraine.
Correspondent questions, will Ukraine become a colony?
What is the IMF?
Created in 1944 at the Bretton Woods Conference of the United Nations, the International Monetary Fund was proclaimed as a financial institution that provides loans with a state balance of payments deficit. However, lending is accompanied by a set of certain conditions and recommendations.
That is, the structure, declared as pursuing good goals (such as the development of international cooperation, trade, productive resources, the growth of employment and incomes of citizens of IMF member states) in fact is not aimed at increasing the independence, stability and development of the national economy of the state, but only at tying it to international financial flows.
Countries joining the IMF (189 members) are required to open their policies and economies to this structure.
How does the International Monetary Fund work?
Due to the corruption of the local elite, the economic system breaks down, free prices are set, which leads to an increase in tariffs for electricity, utilities and basic necessities. As a result, the population is impoverished, enterprises are closing down, unemployment is growing.
And then the IMF gives another loan to support, which the country obviously cannot give, because the profit does not go to the budget due to the decline of the economy! Further, due to the inability to repay a loan, the IMF offers new conditions (cuts in social payments, expenses for unprofitable regions, etc.)
Then – new conditions, and already final ones – general privatization, promotion of private property to the detriment of state property (that is, reckoning by the country!).
Why are countries receiving IMF support getting poorer?
The IMF has shareholders, which the famous American economist John Perkins called “economic killers.” In his book, written back in 2004, on the nature of the work of the IMF and the World Bank and its consequences, Perkins notes that the task of economic killers is to push the governments of sovereign states to carry out the recommended set of socio-economic reforms that promise to modernize the economy, develop a market economy, attract progressive technology through foreign investment.
According to Perkins, the key element of any mega-project of this kind is excessive external borrowing, and the reforms are implemented exactly as they were painted by the IMF: regardless of the will of the people or even a change of government.
Enslavement without war
The capture of new territories today takes a different form. The familiar form of war with weapons and tanks and bloodshed is a thing of the past. Modern intervention is not military. It is financial and debt. The leaders of the world corporatocracy have long understood that for the enslavement of countries and peoples it is not necessary to shed blood, it is enough to plant the local elite on a credit needle and turn the country into a colony.
And if a competent and strong government becomes the head of an enslaved country, it begins to get out of bondage, as Iceland did at one time. Selling power will merge the state to international invaders! The catastrophic consequences of the enslavement of states — among IMF private traders — can be traced to a number of countries.
In 1980, the Fund allocated $ 150 million, but attempts to implement the organization’s recommendations in the domestic economic life of the country lead to the collapse of the economy itself, and then the entire state. The result is a bloody civil war and the collapse of the country.
In 1982, he received from the IMF $ 260 million for reforms, which eventually came to a standstill. And subsequent economic devastation due to debt led to an uprising in the south of the country. Until now, Sudan, having already lost its southern territories, continues to pay the IMF debts.
Having received a loan from the IMF in the 80s, the national economy of this country turned out to be completely ruined, and the United States, through the IMF, gained control over public finances. 45 billion dollars flowed from the country to the USA, and general impoverishment caused migration to other countries.
The country, which demonstrated rather successful economic development in the late 80s, but suffered from drought, was forced to take a loan from the IMF. In response, the IMF demanded a cessation of support for local farmers and measures to devalue the national currency, a fivefold increase in public debt and the transfer of farm land to Western corporations. The result is a civil war.
In 1990, Belgrade complied with the IMF requirement, sharply limiting budgetary assistance to the most subsidized parts of a single state. As a result, the standard of living fell sharply, unemployment increased, interethnic relations worsened, and a civil war began that led to the intervention of NATO troops in Yugoslavia.
Other countries, such as Thailand, Malaysia, Indonesia, South Korea, also faced a similar scenario. In the latter, in exchange for $ 60 billion, the government agreed to sell the assets of the two largest banks to foreign companies, and give foreign financial organizations the right to conduct operations in the country without restrictions. In addition, Korea lifted the ban on the sale of land to foreigners. Today, the economy of this country is almost entirely controlled by American capital.
Perhaps the only country that has withstood the onslaught of the IMF is Greece. However, this is the merit of the EU, which took on a significant part of the costs of stabilizing the Greek economy, if only to prevent Greece from leaving the EU and a blow to its reputation.
Can Ukraine hope for the Greek version? Obviously not, since we were not accepted into the EU. A few figures on the results of cooperation between Ukraine and the IMF, starting in 2014.
For the period 2014-2020, Ukraine was in three IMF programs (stand-by (SBA) – in 2014-2015 and in 2018-2019, and extended financing (EFF) – in 2015-2018).
Under the relevant programs, the IMF loan funds amounted to 39%, including:
- under the SBA program (2014-2015) – 27% (2 tranches out of 9 were received) – the program was completed ahead of schedule at the initiative of the Ukrainian side in connection with the transition to EFF;
- under the EFF program (2015-2018) – 50% (4 tranches from 16 were received);
- under the SBA program (2018-2019) – 36% (1 tranche out of 3 received).
The National Bank also paid the IMF commission for unused funds:
- under the SBA program in 2014 – 265 million hryvnias;
- under the EFF program for the period 2015-2018 – 1 billion 200 million hryvnias;
- under the SBA program (December 2018 – December 2019) in March 2020, 133 million hryvnias were allocated to expenses.
Thus, in general, the period 2015-2019, the NBU paid commissions for unused funds – 1 billion 600 million hryvnia.
Moreover, since 2014, at the end of the 1st quarter of 2020, net income from IMF loans (including repayments under preliminary programs) amounted to $ 4 billion 300 million.
Despite the fact that under the program of cooperation with the IMF, structural and institutional reforms were planned to increase Ukraine’s investment ability, there were no significant investments in the Ukrainian economy in 2015-2019, on average they amounted to about 1.8% of GDP, which is half than in 2008-2013 and tend to further decline.
The volume of planned payments on IMF loans (repayment and servicing) in 2020 will amount to 1 billion 400 million dollars., In 2021 – 1 billion 600 million dollars, which may deepen the shortage of financial resources in the country and the economic crisis.
The authorities are trying unsystematically to fulfill some obligations, to create the appearance of reforms, but this did not bring positive results for the Ukrainian economy.
What awaits us?
Continuation of the systematic enslavement of the country! Ukraine, which we received in 1991 – a state with a developed infrastructure, economy, industry, advanced science – in 29 years has become the poorest country in Europe!
The sale of the land fund, the deliberate bankruptcy and sale of strategic enterprises, the increase in tariffs — all these so-called “reforms” carried out according to IMF requirements make us a resource colony that is completely dependent on foreign capital. And medical and educational reforms are designed to depopulate and debilitate the population!
They do not need educated people who are difficult to manage. But only an illiterate mass, which cannot withstand the atrocities of power, which, in turn, was sold to foreign capital.
The 10-year enslavement program for Ukraine is predictable: the privatization of courts, medical facilities and schools. Who wants to go to court, give the child an education – will have to pay! Treatment – for fabulous amounts. No money – die.
We saw this catastrophic scenario on the example of a number of countries. The same program is being implemented in Ukraine. It is clearly spelled out in training manuals, which our government representatives, who pass criminal laws and merge the country, follow to the smallest detail!
We have only one way out – a complete change in the country’s course and the rejection of IMF lending!
Contact us: [email protected]