The International Monetary Fund, called the IMF for short, was supposedly set-up by the U.S. and British governments to help rebuild countries after a major war. Whether by intention or by incompetence, the IMF along with the Bank of International Settlements and the World Bank have helped harm many economies they operate in. Global trade and investment opportunities have suffered when the IMF steps in to influence a countries banking system.
Similar to how a hidden group of bankers formed the Federal Reserve in the United States to take over the issuance of currency and control the economy, the same group established the IMF.
Just as the Federal Reserve immediately caused a depression shortly after formation, the IMF has destroyed countries in order to gain control of the resources within the country. Examples of IMF handiwork include Greece, Iceland, Portugal, much of Africa, Bolivia, and many other developing countries.
Hungary decided to throw the IMF out of the country and has been improving ever since.
Before the IMF reached Africa, many of the countries on the continent were self-sufficient food producers. After the influence of the IMF spread throughout Africa, much of the land that was devoted to feeding the population and providing income for small farmers was pushed into biofuel production.
The obvious result was a lack of food and higher prices for what was available, along with small farmers being pushed out of business. This is exactly the result the IMF intended by virtue of the money is distributed, the laws it had passed, and the regulations it imposed.
Along with reducing each country’s ability to produce its own food, the IMF imposed high debt levels so that the country was dependent on more debt to survive. Much like a consumer borrowing from one credit card to pay another credit card, the cycle will never end until complete default.
As Africa and Hungary have learned, dealing with the World Bank or the IMF almost ends up with the bankers controlling much of the economy.
Hungary and other countries have recognized the danger represented by the IMF and have banned the institution from operating inside the country.
While the IMF has a long history of attempting to control economies for the bankers benefit, there are occasional activities by the IMF that could be possibly beneficial.Generally though, the IMF facts indicate that it is a dangerous institution against potentially free countries.