“The Nation magazine recently posted a small article entitled, ‘Pakistan gets second tranche of $553.5m from IMF.’ We are so used to these kinds of announcements that they hardly register anymore. But this is how the entrenched corruption of our day is carried out. This is magic money, of course. It will bolster foreign reserves, help Pakistan battle the Taliban (that it actually sponsors), aid the state in supporting its economy (whatever that means), ‘solve’ an energy crisis (really!) and support increased tax collection efforts. A Swiss green company is in line to soak up a good deal of this IMF tranche.”
Related posts:
European banks sitting on €1tn mountain of bad debt, survey finds
Bill Bonner: Ike was right!
Overpicking threatens Greek herbs
Google Censorship: A Manufactured Affair?
Danes Rethink a Welfare State Ample to a Fault
Do You Recognize This Country?
Bank of Japan's Kuroda's Stunning, Doubled-Down QE 'Experiment'
Google's Vint Cerf warns of 'digital Dark Age'
Mexican Militias Fight Back Against Drug Lords, Accomplish What Authorities Could Not
Senate Panel OKs $47 Billion Homeland Security Budget
Unemployment Rate for Workers With a Bachelors Degree or Higher
Texas Man Transporting His Unloaded Firearms Through NJ Now Doing 3-5 Years in Prison
Germany, France, Spain collaborate with Britain in mass surveillance
Daniel Ellsberg: "The Recipe For A Tyranny In This Country"
Onion Pi turns Raspberry Pi into Tor proxy and wireless access point