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The IMF Dread Resistance to Globalization (Video)

Tuesday, October 11, 2016 9:00
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(Before It's News)

 

(N.Morgan) A highly revealing statement made by Louis Kuijs, a former official with the International Monetary Fund (IMF) and current head of the Asia Economics at Oxford Economics in Hong Kong, exposes the deep awakening taking place around the globe.

Kuijs said, “The backlash against globalization is manifesting itself in increased nationalistic sentiment, against the outside world and in favor of increasing isolation.” 

As the IMF policymakers gathered on October 7-9 in Washington, D.C., for the annual meeting of the IMF, based on those meetings, it was obvious that the World Bank was deeply concerned about recent unfolding events which could affect their pending agendas.

One of the major issues facing the globalists’ agenda is that countries around the world are now recognizing the existence of a one world economy would destroy national sovereignty.

The IMF’s stated purpose is the construction of an international payment system based on the American dollar, and the promotion of international trade.

The integration of all nations’ economies, occurring since WWII, has been the prime ambition of the elites.

However, several components have converged recently to threaten that objective.

This includes the realization for a growing number of countries that globalization is actually disrupting national economies rather than being a benefit, and that national sovereignty is being lost as a result of so-called free trade deals.

When Britain voted to exit the European Union (EU) this summer, it delivered one of the most devastating blows suffered in decades against the crusade for a one world government.

The surprising nomination of Donald Trump and his  “America First” campaign was largely due to his opposition to trade deals that diminish American national sovereignty.

The IMF released its latest World Economic Outlook on Tuesday of this past week, arguing that the anti-trade movement will further threaten a world economy plagued by stagnant wages.

Interestingly, the Outlook indicated that U.S. economic growth is lagging behind world economic growth.

The Outlook is predicting an economic growth for the world economy of 3.1 percent for this year, but a mere 1.6 percent for the economy of the United States.

The World Bank is a United Nations associated institution that provides loans to developing countries.

While its stated goal is to reduce poverty, in its Articles of Agreement, it is clear that a commitment to international trade is the guiding principle of the organization.

Together, the IMF and the World Bank are the twin pillars of the world establishment.

Christine Lagarde, the managing director of the IMF, explained that both organizations are hoping to achieve two goals during this week’s meeting: first, to successfully resist the efforts to throw up protectionist barriers to trade, and second, to take action to increase global economic growth.

Unfortunately for those who control the IMF and the World Bank, trade deals are extremely unpopular around the world right now.

In the United States, both presidential candidates have publicly opposed the Trans-Pacific Partnership (TPP) trade deal.

The TPP is a 12-nation trade agreement endorsed by the Obama administration, with the stated goal of eliminating trade barriers between the signatory nations, which include Japan, Australia, Malaysia, and the United States.

While Trump has consistently condemned the TPP during his campaign, Clinton has flip-flopped, originally strongly in favor of the deal while secretary of state for President Obama, even stating that the TPP “sets the gold standard in trade agreements.”

The deal was intended to expand on the existing North American Free Trade Agreement (NAFTA), which the United States signed with Canada and Mexico during Bill Clinton’s presidency.

To date, Congress has failed to act on the TPP. However, there is a growing fear that it will be secretly pushed through during the lame-duck session after the November elections.

The opposition to globalization and the diminishing of national sovereignty is a world-wide issue that must be addressed.

European globalists are extremely worried after the British vote to exit from the EU, fearing that with elections next year in France, Germany and the Netherlands, such anti-EU sentiment might well spread and ultimately destroy the EU.

British Prime Minister Theresa May said this past Sunday that the United Kingdom will begin the process of formal withdrawal from the EU early next year.

China has cause for concern with the anti-trade agreement sentiments sweeping the West.

Daiwa Capital Markets estimates that a trade war would eliminate as much as five percent of China’s gross domestic product.

While the communist regime ruling China has enjoyed the supposed “free trade” policies of the elites that dominate the IMF and the EU, they have refused to open many of their own industries to imports.

What spawned this growing opposition to globalization and the integration of the world economy?

A former senior fellow at the Peterson Institute for International Economics, John Williamson, blames the 2008-2009 financial meltdown. 

“There was agreement on globalization before the crisis and that’s one thing that’s been lost since the financial crisis.”

The advocates of globalization are the same people who supported the policies that led to the financial meltdown of 2008 to begin with.

Former IMF chief economist Olivier Blanchard wrote a policy brief for the Peterson Institute in which he expressed amazement at, “how anemic demand remains in the face of zero interest rates.”

However, these are some of the very same policies (central banks driving down interest rates below their market level) that led to the financial meltdown, and that have have continued to contribute to a lack of confidence in the ability of the same elites, who have pushed for globalization.

Ludwig von Mises of the Austrian economics school predicted the Great Depression of 1929, in his opposition to a similar policy at that time by the Federal Reserve System.

More recently, other Austrian economics school advocates including Ron Paul have correctly predicted that the same thing would happen in 2008, as a result of the “easy money” policy and low interest policy of the Federal Reserve.

The solution to economic stagnation is not repeating history over and over, with artificially low interest rates and trade deals that benefit communist regimes such as China while reducing both the national sovereignty and the industrial base of Western countries — but rather a free market economy in which all nations of the world can participate.

That, however, is not what is desired by the IMF elites meeting this past week in Washington.

They are concerned that their grip on power may be slipping.

For those who wish to preserve the national sovereignty of the United States, this should be a beacon of hope.

References:

http://www.thenewamerican.com/economy/item/24214-elites-fear-backlash-against-globalization

http://feeds.reuters.com/~r/reuters/topNews/~3/vlqnn-WeNmk/us-imf-g-idUSKCN12629J

http://www.imf.org/external/am/2016/

http://fortune.com/2016/10/09/world-bank-imf-meetings/

See all stories by N. Morgan

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Total 10 comments
  • no amount of meteors will stop this train. the more terrorist attacks, the faster the train goes. and meteors, well, that would just end the game all together. ha, ha.

  • They are forever hoaxters!
    What he said is absolutely true momentarily, but it is not true over let say over a century, you must see this in the light of gradualism, progressive liberalism (cultural Marxism) they already went way too far. In fact it is the counter force, at this point only a bit retraction of their NWO plan, the BIG IDEA.
    Kuijs said, “The backlash against globalization is manifesting itself in increased nationalistic sentiment, against the outside world and in favor of increasing isolation.”

    The same guys the Banksters gave us both Nazism and Communism, how very kind of them, please listen to them, cause they wants your very best…NOT!

  • Hello Angle#3(Of-Ful Prelim)

    Charlie here. Greetings! Ho, Ho Hoax. Merry Brexit. Whenever you see them put in women in charge you know we are going down a slippery slope. From Britain to America. If you see Hillary get in then the GAME IS OVER. It will be by their famous MO – FRAUD!!!

    She will be WORSE than the negro and that should be telling you SOMETHING!!! But remember, you cannot accept FRAUD! The contract is legally broken when they commit fraud.

    You should know this has been going on since 1913! They say the world is a-washed in debt and I think it is or soon will be (the realization) and when that hits people in the head, then the – SWHTF!!

    It truly will be a nuclear chain reaction and EXPLODE on the world!!! THE DEBT BOMB! But look at them all smiling for their last photo!

    Signed,

    Charlie (not looking forward to $100 doughnuts) :mad: :mad: <- :lol:

  • Man

    what do you think globalisation is? If you import or export anything, that is part of globalisation.

    The only example of isolationism a country succesfully implemnted was the Sakoku policy of Japan between 1641 to 1853. It basically an halted of any development. It lead to the invasion of Japan by the US with technology never seen before. The shock of defeat was so big that Meiji period (industruial revolution) started.

    • Man

      so that basically means no key stone pipeline…. for the US

      That is what globalization means.

    • And who did the Japanese EXPEL?……The JESUITS!

      The men in black, and their Blackships entered Tokyo Bay and said OPEN your TRADE/Country or we will destroy you>>>GUNBOAT DIPLOMACY.

      The Japanese Warlords wanted weapons technology. But I dont think they were impressed with the “Christian Missionarys” touching their children…… :roll:

      • Man

        Thank god for the dutch protestants then… They even made a theme park of the island where the dutch lived

  • the globalist?

    you mean those aware of the most potential of all human action and words…

    but those with the smallest alliance always loose, and cry like small children engulfed by self pity and anger, at the success of their oppressors, to outwit…

    it would be wise, to redefine globalist…

    as both good and bad…

    not just bad a small brains do…

    than you will know your every move, as you make all the moves you make, others wiser than you planned you would make, as you are so juvenile and predictable, because you are led within your self by your personal quest for self great and self validation and retaliation…

    your moves each one have not been created by you, but what is more aware than you…

    you are the puppet on a string…

    reacting just as wished to walk your self into your own stupidity.

    with the goal, by your maker, for you to see how infantile and unsmart you really are, not as the wise specimen of humanness you worship and but prove, to your self and who will listen and believe or agree…

    all none globalist will awash them self into the high tide, who think of them self as wise and more smart.

    but are not actually so…

    but…

    more worthy…

    more expert.

    more alert.

    more winning.

    they wish to find, so they do.

    best luck as the waters outsweep in preparation for the great flood, of all reality, not just some as real.

  • I believe there will be an altermadem, at some point given to the people of this country. A big decision, we can save you type of thing, to bring in there agenda. That will be how it will be put, the people will have to resist the offer and struggle to come back, but this is a strong country. If we sell out our country in the deal there will be no turning back. It may mean that we will have go back in time and do it right the next time around. In reading this article the other day, it gave me a much clearer picture of what is really going on.

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