The Ukraine’s $3 billion dollars in odious debt was “forgiven’ or “written off “. If the World bank can do this there is no need to make the people fear an economic crash as all the odious debt can be forgiven. The bank has been lending money to Ukraine despite the Fund’s “rules” stopping it from lending money to countries with no visible chance of paying it back.
Since 1947 the World Bank has acted as a branch of the U.S. Defense Department. The World Bank fund ISIS and they fund the wars while at the same time profiting off them.
Imagine a private family business (aka the Rothschild’s) giving themselves alone the power to create money by lending it into existence .Your nation could just as well create money from nothing without interest and then determine its own policies, policies that were not for the bankers( the ruling elite .01%)and their mega corporations but for the people.
There is no such thing as a “fractional reserve” the private banks create money from nothing,self regulate they use the govt (which is a Crown corporation) to take taxes by force from the ignorant debt slaves. The banking system is completely fictional and fraudulent. When the govt(which is a corporation) cuts needed services to the people, imposes “austerity” for the people it is for the increased profit and control of the Crown banksters . The unnecessary public service cuts, the “economic crisis” are all conditions imposed by the money lenders. On top of just writing off billions in odious debt, trillions of dollars just disappear and yet still people believe the banking system is regulated or obeys rules.
http://www.zerohedge.com/news/2015-12-09/imf-just-entered-cold-war-forgives-ukraines-debt-russia Though I have a link to Zero Hedge story on the odious debt write off for the Ukraine I disagree with them that The Asian Development Bank( BRICS) is in competition with the IMF as they claim- for it is part of the same IMF, World Bank system. The BRICS was created to support the split, the idea of the ww3( “vs Russia + China”) so more wealth can be created by the banking cartel for the banking cartel.
BDBinc 