Ra Energy Fdn.

Raleigh Myers

Worksheet bio

http://raenergy.igc.org/ArchitypeOfFairness.html

IMF Destiny Deprivation via Currencies _ Eugenics Disguised as Debt

The IMF has been at it for a half century or so. Below is how they

are doing with depopulation and their hidden Eugenics agenda. Imagine

curtailing health funding via email memos. Urging an abandonment of

these failed policies, more than 100 health and development

organizations in a letter....

IMF: No Sex, Still a Scandal

By Robert Weissman

October 2, 2007

Because it did not come amidst a sex scandal and because the outgoing

leader was not one of the architects of the Iraq War, the surprise

June resignation of the International Monetary Fund's Managing

Director Rodrigo de Rato did not garner the gleeful, gossipy

headlines surrounding Paul Wolfowitz's disgraceful exit from the World Bank.

Last week, the IMF announced the selection of a new leader, Dominique

Strauss-Kahn, a former French finance minister, with the world again

barely taking notice.

But that doesn't mean there isn't scandal at the Fund, or that the

Fund's policies are any less important than those of the Bank.

For decades, in various names, the IMF, along with the Bank, has

imposed "structural adjustment" on developing countries -- a set of

corporate-oriented, market fundamentalist policies including slashing

of government budgets, sale of government assets to local elites and

foreign corporations ("privatization"), deregulation of the economy,

and promoting exports and trade at the expense of local needs.

IMF policies have left shattered economies around the world,

consigned untold millions to poverty, and directly and indirectly

destroyed social welfare systems, including healthcare and education

systems, throughout much of the developing world.

In the last few years, the IMF has seen a remarkable, quiet revolt

against its power, influence and policies. Middle-income countries in

Asia and Latin America have paid off their debts to the Fund, and

announced they won't borrow from the Fund any more. That move follows

a string of high-profile Fund failures -- interventions in economic

crises (caused in no small part by IMF recommendations for countries

to deregulate their financial systems) made drastically worse by Fund advice.

But most African countries don't have the resources to pay off their

debts to the IMF and other international lenders. They remain stuck

in the debt trap, meaning they need new money from the IMF to pay off

old loans, or at least the IMF stamp of approval to access capital

from other sources. Which means they remain subject to IMF dictates.

Among other barbaric consequences, the IMF's obsession with

conservative financial prescriptions have left the nations worst hit

by the HIV/AIDS pandemic unable to mobilize resources -- or even to

use donated monies -- to address the pandemic or other excruciating

health needs.

In March, the IMF's Internal Evaluation Office (IEO) issued a report

far more scandalous than anything connected to the Wolfowitz drama at the Bank.

The IEO found that IMF policy was preventing African countries from

spending increased foreign aid on its intended purposes. Instead, the

IMF was forcing countries to use increases in foreign aid to pay down

debts or build currency reserves. Thanks to the IMF, more than 70

percent in increased foreign aid was being diverted, according to the IEO.

Alongside this refusal to let countries spend aid for intended

purposes, the IMF has capped countries' ability to spend more money

on healthcare, including to hire more healthcare workers and pay them

more. These are the key steps needed to address the healthcare

infrastructure problem that almost everyone agrees is now the main

impediment to further scaling up treating for people with HIV/AIDS

and resuscitating countries' ability to deliver basic health services to all.

Underlying these restrictions on countries' ability to spend money to

address pressing health needs is an IMF fixation on what it terms

macroeconomic stability, by which it means very low inflation rates

and no or limited deficit spending. Dressed up in the guise of

technocratic economic advice, they are really policy decisions that

restrain economic expansion, preventing countries from generating

more resources for their own needs.

They are also policies that take no account of the special

circumstances of countries facing the HIV/AIDS pandemic.

"The IMF doesn't know what the hell it's talking about," says former

UN Special Envoy for HIV/AIDS in Africa Stephen Lewis in his

trademark direct manner. "It never sufficiently takes into account

the damage that is done to a country when you strip the social sectors."

In other words, failing to invest in healthcare and education not

only is immoral, it actually weakens economies. The costs are

particularly high when a deadly but treatable disease is ravaging

people in the prime of their working years.

Urging an abandonment of these failed policies, more than 100 health

and development organizations in a letter today called on

Strauss-Kahn to change course. (My organization, Essential Action,

was an initiator of the letter sent by the groups to Strauss-Kahn.)

The civil society organizations called on Strauss-Kahn, in his first

100 days after assuming office November 1, to ensure that the IMF:

* Changes policies on foreign aid spending, so that the IMF does not

stand in the way of increased spending on health, HIV/AIDS and education.

* Abandons low inflation and deficit-reduction targets, so that the

IMF does not stand in the way of policymakers in developing countries

exploring and adopting more expansive fiscal and monetary policy options.

* Publicly states that it will cease and desist with its demands for

wage bill ceilings that prevent the hiring of more healthcare workers.

* Provide immediate debt cancellation for all impoverished nations

without harmful and unnecessarily restrictive policy conditions attached.

The odds of Strauss-Kahn adopting this agenda, on this timeframe,

are, of course, slim.

But there is a reasonable chance that a concerted push from civil

society -- especially if joined by developing country governments --

can make a difference.

The decision by middle-income countries to end their dependence on

the Fund has left the IMF with a crisis of legitimacy, not to mention

its own fiscal crisis (the interest payments on loans from

middle-income countries were a key source of revenue).

Strauss-Kahn, who comes from the left side of the French political

spectrum, takes office as a self-proclaimed reformer with a special

interest in low-income countries. Most of his talk about reform has

focused on giving developing countries a greater say in the governing

process, not on the substance of Fund policy, however.

It is too much to hold out hope that Strauss-Kahn may assist with the

transformation of the IMF -- he won't have the power, even on the off

chance that he secretly harbors the desire -- but he might lessen the

harm caused by the institution, and give the world's poorest

countries more policy space.

Whether that happens will depend in no small part on whether the

world pays attention and demands change. Can some fraction of the

attention devoted to whether Paul Wolfowitz improperly helped deliver

a big paycheck to his partner be devoted in the months and years

ahead to how IMF policies impact the lives and well-being of hundreds

of millions of people?

Robert Weissman is editor of the Washington, D.C.-based Multinational

Monitor, <http://www.multinationalmonitor.org> and director of Essential

Action <http://www.essentialaction.org>.

(c) Robert Weissman

This article is posted at:

<http://lists.essential.org/pipermail/corp-focus/2007/000268.html>.

Focus on the Corporation columns are posted at:

<www.multinationalmonitor.org/editorsblog> and

<http://www.corporatepredators.org>.

Through just five or six intermediaries, you could be linked to

millions of others

http://www.google.com/search?hl=en&ie=UTF-8&oe=UTF-8&q=Six+degrees+of...

Op Ed blogging into the last century

http://groups.google.com/groups?q=raenergy&start=0&scoring=d&ie=UTF-8&

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Escaping the Matrix is the Door Getting Through to the other side _

Global Transformation: The Text: A stream of consciousness on problem

and solution

http://raenergy.igc.org/renaissance.html#Text

Humanity has a common name _ Ra Sha Da Ma

http://raenergy.igc.org/lcdn.html#individuals

Obama the End of Trogladitics _ the Earth is not flat.

Obama says share the presidency rather than just vote for him.

Nowhere in the GOP or the DLC is there a hint of sharing anything.

Experience is how to ask the people what they need and then get it

done. An Electrician became the president of Poland in the worst of

times today we have an Idiocracy _ now we need to manage a paradigm

shift. The alphabet soup crowd brought us GAIAcide and Corporatism _

it could hardly get any worse. If we get a young president with an

already shifted mindset, the youth of the world will respond in kind

_ much of the planets war torn population are under twenty five. Now

for something different: http://www.buzzflash.com/articles/wahl/047

Swiftboating Obama <http://foxattacks.com/>http://foxattacks.com/

Energy Policy for the second superpower

http://raenergy.igc.org/energypolicy.html#municipal

VIDEO: What is a Progressive?

http://cdncon.vo.llnwd.net/o2/fotf/progressiveVideo/swf/index.html

Being an Activist is a high calling _ seeking the high moral ground

for fairness is prophetic.

http://raenergy.igc.org/bio.html#concerts

Never doubt that a small group of thoughtful, committed people can

change the world. Indeed, it is the only thing that ever has.

~Margaret Mead

Select and paste if the URLs are split Google it for more info also

click on groups example: Solar Hydrogen Economy

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Some other lectures leading to solutions

http://raenergy.igc.org/Googleclick.html

Corporatist - Fascistic factoids FDR Eisenhower Mussolini Lincoln

warned of the corporatist-Fascist attack strategy.

http://raenergy.igc.org/sig.html

Ra Energy Fdn.

Raleigh Myers

Worksheet bio

http://raenergy.igc.org/bio.html

Blog

http://raenergy.blogspot.com/

Op Ed back 20 years

http://groups.google.com/groups?q=raenergy&start=0&scoring=d&ie=UTF-8&

Call to Action virtual seminar for change. http://raenergy.igc.org/action.html

I may be singing to the choir, with these talking points, but there

are over six billion people who need attitude adjustment as you were

in the same need just a bit ago. They need this help because many of

you did not share your newly acquired awareness with them. If you

have made your contribution please use these points for more

outreach_give them a piece of your MIND. http://raenergy.igc.org/mindone.html

http://raenergy.igc.org/ArchitypeOfFairness.html#Think

Let us experiment with laws and customs, with money systems and

governments, until we chart the one true course - until we find the

majesty of our proper orbit as the planets above have found theirs&

And then at last we shall move all together in the harmony of our

sphere under the great impulse of a single creation - one unity, one

system, one design.

                                                             Roger Bacon

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