This article is incredibly on point, I am going to take an excerpt out from the article and highlight it in the beginning here but I HIGHLY encourage you to read the entire article:
In practice, as the IMF’s No. 2 officer, Krueger’s proposal was to introduce a sort of Chapter 11 mechanism permitting orderly management of the transition of countries defaulting on their sovereign debts, back into paying by steering their Nation-States into controlled national bankruptcy.
The implicit objective is to ensure that Sovereign Bond creditors – hedge funds, vulture funds, giant megabanks like Goldman Sachs, Bank of America, CitiCorp, JPMorganChase, HSBC, and the IMF itself – can exert huge leverage taking priority in cashing in on the monies sucked out of a Nation’s taxpayers’ (workers’), central banks, mineral, oil & gas wealth, and other resources and reserves.
This would transmute into a new edition of the IMF’s proverbial “recipes” to “help nations” totally and irretrievably in debt to once again “access international financial markets” so that they can re-program, roll-over, refinance, kick forwards defaulted, impossible-to-pay short-term debt, by mutating them into long-term, hugely profitable, high interest yield juicy performing debts.
That would look really nice on mega-banker financial sheets, and would ensure that gigantic amounts continue to flow out of troubled Nation-State public coffers and into mega banker private pockets!
As if horrific debt crises caused by artificially created unsustainable debt burdens could ever be resolved by taking on/imposing ever higher, heavier, long-term debt. One can almost hear the sucking sound in the dark recesses of the global financial system…
Modern mass slavery couldn’t have been better thought out…!
READ MORE:
http://rt.com/op-edge/money-mass-slavery-debt-223/
Modern Slavery has many faces:






Leave a Reply