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no cabeçalho, pintura de Paul Béliveau
Section 3. Immunity from judicial process
The Fund, its property and its assets, wherever located and by whomsoever held, shall enjoy immunity from every form of judicial process except to the extent that it expressly waives its immunity for the purpose of any proceedings or by the terms of any contract.
Section 4. Immunity from other action
Property and assets of the Fund, wherever located and by whomsoever held, shall be immune from search, requisition, confiscation, expropriation, or any other form of seizure by executive or legislative action.
Section 5. Immunity of archives
The archives of the Fund shall be inviolable.
The consequence of all these immunities and privileges is fairly obvious and simple, i.e. the Fund is beyond public accountability.
Why not?
The International Monetary Fund is a private corporation that is ultimately funded with taxpayers’ money through our representative governments.
An IMF debt is a mere paper of authority to print paper currency that has its indicated loaned amount recorded in IMF’s computers and ledgers. Up until this point there’s no actual wealth being lent, nor borrowed, or created.
When the 1 km bridge is completed and the borrower begins paying for the IMF debt with usurious interests, of course, that’s when real wealth is transferred from the sweat of the brows of the people to the Fund, again, in exchange for the IMF’s authority to print currency, a fancy paper with some logo and watermark on it, usually made holy with handshakes and selfies.
Since this is the true nature of the whole charade, for what do we need Fiat IMF for?
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