Sep 1998The IMF was created at the end of W.W.II to oversee exchange rates and to offer countries loans through tough cash flow crises. Today the IMF has adopted a far more significant role and has become the financial policeman of the world, bullying and begging countries to institute harsh economic policies in order that they might repay their debts, mostly to the IMF. And as America continues to bask in huge wealth and affluence the rest of the world teeters on the brink of economic collapse. The supremacy of the US over the global economy is thanks in large measure to their dominance of the IMF. They've used this influence to exert pressure on international markets to reform. But there are many who accuse the IMF of acting less like an honest broker and more like the corrupt businessmen who initially caused the disasters. During the boom years the IMF looked the other way as corruption flourished around the world. Now the allegation is that multi-billion dollar IMF bail-outs are helping the same businesses which prospered under crony capitalism.

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