Serbia to seek new IMF arrangement

All this talk about the IMF, “precautionary arrangement," and macroeconomic situation will go over the heads of most readers. That is exactly what they want; they want to confuse the people so that they can rape the country.

The simple truth is that the Serbian government, poor and wretched as it is, is a thousand times richer than the IMF. The IMF has no money to lend anyone; it is a completely bankrupt organisation.

The IMF works exactly like every other Western bank; it has “reserves” of cash against which it can “lend” money. For every $100 in reserves, the IMF can lend $1000. Where does the extra $900 come from? It is invented; it comes into existence as soon as it is lent to Serbia or any other borrower.

Where did the $100 reserves come from? This was given to the IMF by the American privately-owned Central Bank, the Federal Reserve, which just “invented” it.

The $100 reserves were plucked out of thin air and the extra $900 that were created on the basis of these reserves were also plucked out of thin air.

I had to work for the money I have in my wallet. The IMF did no work for the money it lends to Serbia and others; it just invents money and puts countries like Serbia in perpetual debt.

Anyone who wishes to understand world affairs needs to understand the process of money creation. He who controls money creation controls the world.

Serbia allows Western banks, the IMF and the World Bank to create money which it borrows at interest. Instead of doing this, Serbia could invent its own money and use it to pay for goods and services produced and used in Serbia itself.

Serbia can generate all the funds it needs by playing exactly the same game that the IMF and the Western bankers are playing. The National Bank of Serbia can “lend” the Serbian government money based on “reserves” it holds. It can lend ten-times the value of the reserves it holds. If the government put all its tax revenues in the National Bank, then it would never be short of reserves.

For those who want to study this further, then you should start by reading Ellen Brown’s life-changing book, The Web of Debt http://www.webofdebt.com/

I soo agree with you Michael.

May i add to your bank of Serbia example that noone could (like USA-IMF)arm-twist serbia into "structual reforms" (mass unemployment, poverty, minimum wages and total depravity ) Tax-money now legally robbed by the banksters and war street, that otherwize goes into the public sector.

(Michael Thomas, 21 February 2011 12:48

Your posting is spot on describing IMF credit creation.It's the same ponzi scheme by which Bernake creates $ trillions out of thin air to buy treasury notes.You only have to look at the US money supply in the last two years which has rocketed to $2.6 trillion from $ 864 billion in 2008.The explosion in commodity prices is the result of the debasement of the dollar.

With regard to IMF is a win-win situation because they create money out of nothing which they lend out to countries with debt problems at high interest rates.

Shouting and yelling at the US & EU but you are not refusint their money.

As a matter a fact, you are begging for it.

Tung

Shouting and yelling at the US & EU but you are not refusint their money.

As a matter a fact, you are begging for it.

Tung
(FREEDOM, 21 February 2011 14:42)

Does anyone else see the irony in one who defends "Kosovo: The blackhole of Europe" stating such a thing

For all the Serbs that don't know...that's how money is created (via interest rates).

In America some debt can be lent at the rate of 1:31 (for every $1 in the vault, $31 can be lent out).



Thanks,

Shouting and yelling at the US & EU but you are not refusint their money.

As a matter a fact, you are begging for it.

Tung

I soo agree with you Michael.

May i add to your bank of Serbia example that noone could (like USA-IMF)arm-twist serbia into "structual reforms" (mass unemployment, poverty, minimum wages and total depravity ) Tax-money now legally robbed by the banksters and war street, that otherwize goes into the public sector.

(Michael Thomas, 21 February 2011 12:48

Your posting is spot on describing IMF credit creation.It's the same ponzi scheme by which Bernake creates $ trillions out of thin air to buy treasury notes.You only have to look at the US money supply in the last two years which has rocketed to $2.6 trillion from $ 864 billion in 2008.The explosion in commodity prices is the result of the debasement of the dollar.

With regard to IMF is a win-win situation because they create money out of nothing which they lend out to countries with debt problems at high interest rates.

All this talk about the IMF, “precautionary arrangement," and macroeconomic situation will go over the heads of most readers. That is exactly what they want; they want to confuse the people so that they can rape the country.

The simple truth is that the Serbian government, poor and wretched as it is, is a thousand times richer than the IMF. The IMF has no money to lend anyone; it is a completely bankrupt organisation.

The IMF works exactly like every other Western bank; it has “reserves” of cash against which it can “lend” money. For every $100 in reserves, the IMF can lend $1000. Where does the extra $900 come from? It is invented; it comes into existence as soon as it is lent to Serbia or any other borrower.

Where did the $100 reserves come from? This was given to the IMF by the American privately-owned Central Bank, the Federal Reserve, which just “invented” it.

The $100 reserves were plucked out of thin air and the extra $900 that were created on the basis of these reserves were also plucked out of thin air.

I had to work for the money I have in my wallet. The IMF did no work for the money it lends to Serbia and others; it just invents money and puts countries like Serbia in perpetual debt.

Anyone who wishes to understand world affairs needs to understand the process of money creation. He who controls money creation controls the world.

Serbia allows Western banks, the IMF and the World Bank to create money which it borrows at interest. Instead of doing this, Serbia could invent its own money and use it to pay for goods and services produced and used in Serbia itself.

Serbia can generate all the funds it needs by playing exactly the same game that the IMF and the Western bankers are playing. The National Bank of Serbia can “lend” the Serbian government money based on “reserves” it holds. It can lend ten-times the value of the reserves it holds. If the government put all its tax revenues in the National Bank, then it would never be short of reserves.

For those who want to study this further, then you should start by reading Ellen Brown’s life-changing book, The Web of Debt http://www.webofdebt.com/

Shouting and yelling at the US & EU but you are not refusint their money.

As a matter a fact, you are begging for it.

Tung
(FREEDOM, 21 February 2011 14:42)

Does anyone else see the irony in one who defends "Kosovo: The blackhole of Europe" stating such a thing

For all the Serbs that don't know...that's how money is created (via interest rates).

In America some debt can be lent at the rate of 1:31 (for every $1 in the vault, $31 can be lent out).



Thanks,