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The International Monetary Fund Since 1970 – From Bad to

From Bad to

The International Monetary Fund Since 1970 – From Bad to

Under the Breton Fields Agreement in 1944, the International Monetary Fund applied a gold standard for

international trade to the U.S. dollar in the 1960s. Britain has been plagued by various financial

problems that have been devastated by the official price of gold. Gold speculation has raised

unofficial prices to a record high, with very low and official gold trading stops. In 1971, the United States stopped

converting the gold to the U.S. dollar. Shortly afterward, the Stirling Pound was allowed to float when attempts to

find a new regime for currency conversion rates failed. It was allowed to be bought at market prices

The International Monetary Fund Since 1970 – From Bad to

like other goods. After a devaluation of the U.S. dollar twice in fourteen months, it sought to correct

international exchange rates that had been abandoned in 1974. This is, of course,

an abbreviated version of the events between 1944 and 1974, but the outcome was almost irrelevant to

the role of the IMF, as part of the Breton Fields Accords and the part of the

BFF’s organized white plan was destroyed. This would be the best time to eliminate the

IMF and create a new operating system. Unfortunately, the IMF has returned in a new form, which has had tragic consequences for poor countries.

The ongoing internal problems in Britain have forced the British government

to join the IMF as the last road lender. This happened in late 1976.

The International Monetary Fund Since 1970 – From Bad to

This was a turning point in the work of the IMF. Credit to Britain Conditional changes in

domestic policy have been made at the behest of the British IMF. The IMF has become a political machine that can introduce policies to an independent country for credit exchange.

In the case of Britain, the U.S. Republican Government has put a lot of pressure on the British Labor

Government to change its social policy to “responsible and realistic”. This pressure was not

made public, but on behalf of the United States by the IMF. As a result of the British experience,

developed countries have avoided borrowing from the IMF, and the only countries that have

borrowed from the IMF since 1977 are third world and Latin American countries, wherever they go.

The oil crisis in the early to mid-1970s left third-world countries in dire straits.

Developed countries (Organization of the Petroleum Exporting Countries)

The International Monetary Fund Since 1970 – From Bad to

that exported to OPEC did not pay more for exports but were third world countries that did not have a real problem with oil.

At first, they borrowed from outside the IMF to overcome the deficits of third world countries,

but third-world loans rose to such an extent that they borrowed to repay existing loans.

Non-IMF lenders have reached a stage where they do not want to give more money to

third-world countries and countries. The IMF has issued loans to third-world countries related

to its ‘sustainability programs’. The schematic model of the standard stabilization program is given in Bad Trinity, Pete, Richard. Whites University Press. 2003.

The International Monetary Fund Since 1970 – From Bad to

1. Abolition or liberalization of currency and import controls.
2. Exchange rate devaluation;
3. Domestic anti-inflammatory programs, including (a) bank loan control and high-interest rates;

(b) Reducing the state budget deficit by limiting state spending, raising taxes, and eliminating subsidies; c) controlling wage increases, and d) abolishing price controls, and
4. Hospitality for foreign private investors.

Basically, these conditions are tantamount to agreeing to create a bad paycheck to conquer

America’s multinationals. Third-world countries had to submit to economic slavery to get an IMF loan.

In the mid-1980s, three-quarters of Latin America and two-thirds of African countries were under

The International Monetary Fund Since 1970 – From Bad to

IMF supervision. This has happened in most cases because the fall in commodity prices has

created a debt crisis in the 1980s. The new monetary crisis is fueling the IMF. One way to

increase the IMF strength in the 1980 crisis is to create conditions that guarantee the

repayment of loans to private banks, and private banks that need to pay more for long-

term loans. It is designed like a missile. For short-term loans, the IMF receives ”

oversight” of the country’s economy. This oversight ensures that investment banks

make long-term gains from money given to poor oil-importing countries.

The borrowing country pays off by creating high unemployment, prices, and poverty. Unfortunately, for the IMF, it has gone a long way and countries have become indebted.

Ragan government devises Baker plan to release debt for debt-ridden countries

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