The IMF has long been a bought, and paid for, muscle arm of the U.S. government and the banking elite.
The play goes like this. Banks loan money to third world countries that have no chance in hell of paying the money back. The IMF comes in with “austerity” programs that include heavy new tax burdens on the working class. The revenue from the new taxes will, of course, go to payoff the banking elite. It’s a sick game, but the elite seem to get their jollies by pulling this scam in country after country.
It appears the elite appear to want to up the ante. It appears they are getting set to turn the guns inward and go after the hard earned money of Americans.
The United States recently opened itself to the most intense scrutiny yet by the International Monetary Fund, and on Thursday was offered a bitter pill when the agency criticized some well-defended aspects of American culture — cheap fuel, subsidized housing, and a government retirement check.
In a broad call for U.S. financial prudence, the agency also said the Obama administration was overestimating U.S. economic growth and needed to trim government deficits by hundreds of billions of additional dollars if its announced budget targets are to be met.