“Distant and out of touch, the IMF ruins economies great and small……the transparency problem is that the IMF never reveals the strings it attaches to loans……the IMF has 2,300 experts who can rationalize any sort of mischief….a far more serious problem is the IMF’s long history of doing much harm and no good……any list of countries “helped” by IMF programs reads like a casualty list…..to obtain a two-year IMF loan in 1982-83, for example, Chile deeply devalued the peso, raised tariffs from 10 percent to 35 percent, and raised income-tax rates. The economy collapsed, and inflation soared….”
(From the Washington-based ‘Independent Institute’)
The calling-in of the IMF by those in Leinster House should be seen as simply the natural progression of events , when the track record of the morally ill and politically incompetent halfwits in that institution is taken into account : despite their many fine words , their main objective has always been one of self-preservation – to ensure that they themselves will never experience what it is like to be financially strapped , never know what it’s like to be in pain on a trolly in a hospital corridor and never have to worry about what tomorrow will bring. They have used and abused EU and State taxpayers money to insulate themselves and their family members , and other cronies, from the above concerns , and can now afford to ‘retire’ in comfort , with a ‘Golden Handshake’ and a large pension.
Fianna Fail , the Greens , Mary Harney and the so-called ‘Independents’ will in all likelihood be out of Office shortly , to be replaced by a slightly different crowd of morally ill and politically incompetent halfwits , of whom we will write about on this blog.
Depressing , isn’t it?
See you on Saturday 27th November 2010 , in Dublin, at the protest march.