1. The IMF’s “Rescue” Lie
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Colonial Roots: Founded in 1944 to protect Western banks (not nations).
Image 1: On December 27 1945 the International Monetary Fund was created. -
Trick: Offer “loans” to desperate countries—but demand:
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Austerity: Cut healthcare/education (Result: 50% child poverty in Zambia). https://publicservices.international/resources/news/imf-tells-countries-facing-critical-health-worker-shortages-to-cut-public-employment-funding?id=10904&lang=en and https://www.pambazuka.org/resources/zambia-new-report-reveals-zambian-children-paying-price-imf-policies
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Privatization: Sell ports/mines to U.S. firms (Sri Lanka’s Hambantota → China).
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Dollar-Only Repayment: Forces nations to export everything to earn USD. https://bitcoinmagazine.com/culture/imf-world-bank-repress-poor-countries
Image 3: This is an opinion editorial by Alex Gladstein, chief strategy officer of the Human Rights Foundation and author of “Check Your Financial Privilege.”
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2. Case Studies (Atrocity Evidence)
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Zambia: IMF loan = sell copper mines to Glencore → 80% of profits leave Africa (UNCTAD). David Whitehouse (The African Report): https://www.facebook.com/photo.php?fbid=3963496090367778&id=129987587052000&set=a.692557190795034
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Ecuador: IMF demanded fuel price hikes → 2024 mass riots (Al Jazeera).
Image 4: Indigenous protests over fuel price hikes forced the Ecuador government to modify its economic reforms, which had been required to secure aid from the International Monetary Fund. (Photo: AFP/Martin Bernetti) -
Pakistan: $3B IMF loan = double electricity prices amid record heatwaves (Dawn, 2024). https://apnews.com/article/pakistan-imf-approves-loan-bailout-e97c72be370d298e8573948f60b15e7c
3. BRICS’ Escape Hatch
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New Development Bank (NDB): No austerity, loans in local currencies.
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Gold-Backed Alternatives: Russia/Iran trade in gold bullion, not USD.
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Fact: IMF’s global loan portfolio shrinking as nations defect to BRICS (https://www.omfif.org/2024/11/brics-daringly-autonomous-model-for-financial-sovereignty/).
4. How to Fight Back
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Boycott IMF-Backed Politicians (Track votes via IMF Voting Records). Unpopular IMF ( https://www.dawn.com/news/1634688 )
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Support Local Currency Movements (e.g., Africa’s gold-backed ECO). Zimbabwe just launch stronger African Gold backed currency
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Share This Article → Tag the IMF (@IMFNews) + victims (@ZambianVoices).
- “Debt Audit” https://debtjustice.org.uk/
IMF Loan Terms vs. BRICS Loans:
| Loan Condition | IMF (Predatory) | NDB (BRICS Alternative) |
|---|---|---|
| Interest Rates | 7-14% (floating, tied to USD) | 3-5% (fixed, local currency options) |
| Austerity Demands | Cut healthcare, education, pensions | No social spending cuts |
| Privatization | Sell ports/utilities to Western corps | Infrastructure stays public |
| Currency | Must repay in USD (creates dependency) | Accepts local currencies/gold |
| Political Strings | Regime change (e.g., Ecuador 2024 riots) | No interference in governance |
| Case Study | Zambia: Sold mines to Glencore for pennies | South Africa: Funded renewables sans IMF |
