• darkernations@lemmygrad.ml
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    6 months ago

    A lot of IMF “warnings” can be summarised as:

    • you are not / may not be able to pay off the privatised national debt in the timely manner the private banks have requested

    • solution is to raid public wealth even more to pay off this debt

    • let’s give you some funds to help with you that in the form of more privatised debt; if you are from the global south then it is your wealth we have exploited from you which we are lending back to you as a loan with interest to be paid along with some structural adjusments to help plunder your country even more. We can help you by installing our own agents in your governing bodies and if you resist our help we can encourage you with some gunboat diplomacy, sanctioning and coups.

    • if you are from the imperialist core then we advise on austerity while we help you plunder the global south some more in the interim