|  |
Economic Hit Men in Iraq
Posted: Saturday, January 7, 2006 IMF Occupies Iraq, Riots Follow
In December, the International Monetary Fund, in exchange for giving a loan of $685 million to the Iraqi government, insisted that the Iraqis lift subsidies on the price of oil and open the economy to more private investment.
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Economic Hit Men in Iraq
By Ayinde
The U.S. invaded Iraq, killing tens of thousands of people and destroying infrastructure.
The U.S. promised it will rebuild Iraq.
The U.S. takes Iraq Oil revenue and pays U.S. companies exorbitant sums to build in Iraq.
The U.S. selects an Iraqi government (fake elections).
The Iraq (U.S.) government 'borrows' money from the IMF. In return Iraqi assets will be sold cheaply to U.S. businesses (open the economy to more foreign private investment). The Iraq government has to ensure that local salaries do not rise and subsidies are removed.
U.S. corporations will control all the prime assets in Iraq.
The money borrowed from the IMF will mostly go to U.S. corporations to 'work' and 'rebuild' in Iraq.
Iraqis have to repay the IMF loan plus interest while losing their vital assets.
Welcome to Democracy U.S.A. Style!
 Printer friendly version
 Send page by E-Mail
Homepage | Reasonings | Features | Forums | Interactive
| | |
|
