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Bolivia declares total independance from the World Bank

 
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Little John



Joined: 08 Mar 2008
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Location: UK

PostPosted: Thu Mar 29, 2018 2:20 pm    Post subject: Bolivia declares total independance from the World Bank Reply with quote

https://www.mintpressnews.com/bolivias-president-declares-total-independence-world-bank-imf/230062/

They'll be next in line, then, for a bit of Yank-style "freedom" and "democracy".
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adam2
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Joined: 02 Jul 2007
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Location: North Somerset

PostPosted: Thu Mar 29, 2018 2:32 pm    Post subject: Reply with quote

Presumably they owe money to the IMF and or the world bank ?
"declaring independence" from those organisations sounds a bit better than stating "we are defaulting"
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kenneal - lagger
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PostPosted: Thu Mar 29, 2018 2:59 pm    Post subject: Reply with quote

Well done Bolivia. I don't see why they should pay the US for money that the Fed printed for nothing in the first place. By paying all that interest they are just enabling the people of the US to live beyond their means and the means of the whole planet.

If it brings the world monetary system tumbling down, all well and good. The sooner that that system is replaced with something that actually works, the better.
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Potemkin Villager



Joined: 14 Mar 2006
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Location: Narnia

PostPosted: Thu Mar 29, 2018 4:17 pm    Post subject: Reply with quote

An economic hitman speaks on how countries like Bolivia were made an offer they couldn't refuse.

https://youtu.be/btF6nKHo2i0

" John Perkins describes the methods he used to bribe and threaten the heads of state of countries on four continents in order to create a global empire and he reveals how the leaders who did not “play the game" were assassinated or overthrown. He brings us up to date about the way the economic hit man system has spread from developing countries to the US, Europe, and the rest of the world and offers a strategy for turning this around. “Each of us," he says, “can participate in this exciting revolution. We can transform a system that is consuming itself into extinction into one that is sustainable and regenerative." "
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Last edited by Potemkin Villager on Thu Mar 29, 2018 4:18 pm; edited 1 time in total
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johnhemming2



Joined: 30 Jun 2015
Posts: 2160

PostPosted: Thu Mar 29, 2018 4:17 pm    Post subject: Reply with quote

https://www.imf.org/en/News/Articles/2017/12/21/pr17517-bolivia-imf-executive-board-concludes-2017-article-iv-consultation

some of what the IMF have suggested for bolivia wrote:
Most social spending in Bolivia is regressive and warrants review. There is a clear case for removing broad-based fuel price subsidies and offsetting the impact on the poorest with targeted support. Reforms should be well planned and accompanied by a detailed communications plan. More generally, social spending could be made more effective by focusing it on those most in need, including by introducing progressive fees for high-income earners.


I don't know much about Bolivia's situation, however.

What I have found is that the quoted article is based upon this
https://www.telesurtv.net/english/news/Morales-Declares-Total-Independence-from-World-Bank-and-IMF--20170722-0020.html

Which is dated July 2017.

That is before the IMF report on their conversations with Bolivia.
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