Alexandra Bruce – Jeff Berwick has has a great conversation with Mads Palsvig, who was a highly-paid bond trader in Denmark for years before he realized how money is created. Then, he saw how the IMF and the World Bank are scams that exist for the sole purpose of destabilizing countries so that their assets can be acquired by large transnational corporation on the cheap.

https://youtu.be/GcL-j4YNT4U

The bankster racket works like this: A Third World country will borrow from the IMF or the World Bank at 10% interest and then be unable to repay the debt. The IMF will then tell that government that they will have to privatize all their public assets. By that time, their equity markets will have lost 60% or 70% and the multinational corporations will then come in and buy everything up on the cheap. Continue reading →