Something we often forget is that all central and international banks are evil
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Worst thing about the banks is their disgusting aura of faux bohomie and colourless technocratic "caring" they disgust me, they are monsters, and I will review the natal charts of several of the world's richest people and central bankers soon
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Replying to @BullOfHeaven_ @Jargoeauxgne
What do you think of them both?
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Replying to @BullOfHeaven_
I meant to say Eugene Meyer I get them confused. Anyways, not good guys but I don't know everything. Per Jacobsson ran the Bank of International Settlements after WWII, which is the bank that keeps central banks in line, as well as the IMF. [...]
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Replying to @Jargoeauxgne @BullOfHeaven_
Eugene Black ran the World Bank after being VP of Chase. I'm sure you know what all of this means, essentially. Interestingly though, the IMF&WB were chartered to be a kind of perpetual Marshall Plan to the world, as they were drawn up by sincere pinkos. [...]
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Replying to @Jargoeauxgne @BullOfHeaven_
They were given generous reserves and told to have at it but 'more rational' heads prevailed (McCloy and Black). They sat on the WB&IMF making sure no one qualified for any loan, down-talking applicants to infinitesimal offers of the original loans. [...]
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Replying to @Jargoeauxgne @BullOfHeaven_
After which point the applicants, exasperated, would just walk away. In this way they secured the loan market for private creditors (VP of Chase -> Director of WB) in the post-WWII era. Per Jacobsson on the other hand is more mysterious to me though the thrust is similar [...]
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Replying to @Jargoeauxgne @BullOfHeaven_
Both men, in simulating a kind of faux-gold-standard (as with Jacobsson and BIS) or orchestrating a withholding of credit, effected a kind of false limitation on development, an imposed scarcity, the result of which is [...]
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dependence on creditors, ever the bankers dream. Radical growth is to be tamped down and muted, its possibility impossibilized and forgotten, lest the blossoming country transcend the need for exogeneous credits altogether.
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