the i.m.f. if it doesn't prevent crises what is the role of the world bank this bank which is supposed a development. if it be the i.m.f. kills the world bank by blindly of course not intentionally but by its adherents to the washington consensus which is completely brutal. in poor countries people africa's a colony it's a colony of the big corporations it's a colony of some of its own leaders who are under the thumbs of the big corporations so in a way the european empires marched out and supposedly gave africa its independence but immediately the corporations marched in and a few handpicked leaders handpicked by the european nations and the court and the corporations took over many of the countries especially the countries with good resources. is all african and latin american economies have been or unstated towards. reimbursing this debt and this is completely shattered the economies in other words the ones that we have specialize in farming which represents eighty percent of the economy in countries like mali products such as cotton cocoa for export to west african countries. behind that is the

the i.m.f. if it doesn't prevent crises what is the role of the world bank this bank which is supposed a development. if it be the i.m.f. kills the world bank by blindly of course not intentionally. but by its dogmatic and here to the washington consensus which is completely brutal. but in poor countries people africa's a colony it's a colony of the big corporations it's a colony of some of its own leaders who are under the thumbs of the big corporations so in a way the european empires marched out and supposedly gave africa its independence but immediately the corporations marched in and a few handpicked leaders handpicked by the european nations and the court and the corporations took over many of the countries especially the countries with good resources. for thirty years all african and latin american economies have been or unstated towards. reimbursing this debt and this is completely shattered the economies in other words the ones that we have specialized in farming which represents eighty percent of the economy in countries like mali products such as cotton cocoa for export to west african co

really a masquerade when they talk about reducing poverty in the world bank program that the debt forgiveness programs of the world bank and the i.m.f. promote these days in the u.s. government and the others are shams for the most part because they're telling these countries and the african nations particularly recently have suffered under this that ok we'll forgive your debts but you have to accept these conditionality. yes you know you have to open your doors totally to privatisation by our corporations you have to sell off all your assets to our corporations your utility companies your water and sewerage system companies your telephone companies your schools your jails are going to sell all that off to our corporations they call it is this if you amputate a person's limbs that's how explain it they cut off one of your limbs here one there and then they say to you you are free but you are free sir so we fought against poverty but when you asked the question but how am i going to eat if i have no arms how am i going to walk much of it they say to us no no we will come with a spoon and we will feed you is that what you call freedom

who condemned the world bank the i.m.f. the exam lenders in general is a clear example. there was a coalition of interests against him by the great powers governments pre-sold. companies and international institutions. who gave the order to assassinate. the assassination plots of course is that i don't know but what is clear is that those who assassinated him since he knew that they did it to defend certain interests in these interests they would the interest of lenders that's for sure most of. do you think that you as a representative of the. gazan government and government in general could achieve that easing off live for the palestinian people through all the way they communicate through the way they present themselves to the wall to communique need we need respectful of from all of the kind of governments good and to recognize this government which recollected a from the people actually. presented to from the palestinian people themselves respect our choices respect our what i would believes i would need someone to run. right to see. first for you and i think you're.

the i.m.f. if it doesn't prevent crises what is the role of the world bank this bank which is supposed a development. if it be the i.m.f. kills the world bank by blindly of course not intentionally but by its dogmatic and here to the washington consensus which is completely brutal. but in poor countries people africa's a colony it's a colony of the big corporations it's a colony of some of its own leaders who are under the thumbs of the big corporations so in a way the european empires marched out and supposedly gave africa its independence but immediately the corporations marched in and a few handpicked leaders handpicked by the european nations and the court and the corporations took over many of the countries especially the countries with good resources. for thirty years old african and latin american economies have been or unstated towards we don't reimbursing this debt and this is completely shattered their economies in other words the ones that we have specialized in farming which represents eighty percent of the economy in countries like mali products such as cotton cocoa for export to west a

really a masquerade when they talk about reducing poverty in the world bank program that the debt forgiveness programs of the world bank and the i.m.f. promote these days in the u.s. government and the others are shams for the most part because they're telling these countries and the african nations particularly recently have suffered under this that ok we'll forgive your debts but you have to accept these conditionality. yes you know you have to open your doors totally to privatisation by our corporations you have to sell off all your assets to our corporations your utility companies your water and sewerage system companies your telephone companies your schools your jails are going to sell all that off to our corporations sickened it is this if you amputate a person's limbs that's how explain it they cut off one of your limbs here one there and then they say to you you are free but you are free sir so we fought against poverty but when you asked the question but how am i going to eat if i have no arms how am i going to walk much of it they say to us no no we will come with a spoon and we will feed you is that what you call freedom.

really a masquerade when they talk about reducing poverty the world bank program that the debt forgiveness programs of the world bank and the i.m.f. promote these days and the u.s. government and the others are shams for the most part because they're telling these countries and the african nations particularly recently have suffered under this that ok we'll forgive your debts but you have to accept these conditionalities. yes you know you have to open your doors totally to privatisation by our corporations you have to sell off all your assets to our corporations your utility companies your water and sewerage system companies your telephone companies your schools your jails are going to sell all that off to our corporations they call it is this if you amputate a person's limbs that's how explain it they cut off one of your limbs here one there and then they say to you you are free but you are free sir so we fought against poverty but when you asked the question but how am i going to eat if i have no arms how am i going to walk much of it they say to us no no we will come with a spoon and we will feed you is that what you call free

the i.m.f. and the world bank in particular both of whom were on the verge of cancelling the democratic republic of congo's debt these two institutions have set as a precondition that the contract be reviewed downwards. and so negotiations have been extremely hard with it has to be said with key being blackmailed by representatives presidents of european countries have told us. here cheney's contracts we get treated you don't give them up. so we're happy to say that. the government and its chinese partners very hard to take a second look at that package and have indeed improved it so now we'll be benefiting from both debt relief and additional resources for infrastructure which it desperately i think china understands that africa is a continent. has for many of the things that it needs particularly natural resources it has the potential of being a significant market because it's under a million people now that in twenty fifty it'll be close to two billion people today they are certainly at a stage which resembles a lot like what was practiced by france in the seventy's and its own commercial rel

really a masquerade when they talk about reducing poverty in the world bank program that the debt forgiveness programs of the world bank and the i.m.f. promote these days in the u.s. government and the others are shams for the most part because they're telling these countries and the african nations particularly recently have suffered under this that ok we'll forgive your debts but you have to accept these conditionality. yes you know you have to open your doors totally to privatisation by our corporations you have to sell off all your assets to our corporations your utility companies your water and sewerage system companies your telephone companies your schools your jails you can sell all that off to our corporations second it is this if you amputate a person's limbs that's how explain it they cut off one of your limbs here one there and then they say to you you are free but you are free sir so we fought against poverty but when you asked the question but how am i going to eat if i have no arms how am i going to walk much of it they say to us no no we will come with a spoon and we will feed you is that what you call freedom. the so

and what is the way forward the thing you have to understand is that countries have to go back to their own national bank and have nothing to do with the i.m.f. or the world bank and certainly do not borrow from foreign creditors who are only out to put into debt so they go on repaying the principle of a load for evermore over and over and over again people have to go for a new paradigm of thinking and if they don't they were end up being crushed for ever more and just finally what do you predict for iceland's future clearly investment foreign investment is very important it seems that not many people are investing in it is a very small economy but not many people invest in their own eyes and the moment. i have to i have to disagree that foreign investment is important you use your own national bank for your own investment if you have to buy in technical. information and expertise that's another matter but you must never keep borrowing from abroad because ultimately that is going to be the source of your. rodney shakespeare great to hear thoughts on this very interesting perspective professor of binary economics live in london here in r.t. thanks. dancer

the i.m.f. and the world bank have changed radically since then it's all driven both institutions have become instruments of oppression. and control over new sovereign countries in the southern hemisphere. the most typical way that economic hitman work is it will identify our country that has resources our corporations covet like oil for example and then arrange a huge loan to that country. from the world bank or one of its sisters but the money doesn't actually go to the country and static goes to our own corporations. in the democratic republic of congo is the most powerful dam in africa it's also one of the best examples the workings of the system since it was built the demos had one problem after another this deborah.

a relic of world war two and and there are many relics of world war two the united nations in some sense voting power in the i.m.f. world bank and china saying look you know the situation in this world has changed and even though some countries in the region japan south korea are still kind of fighting over issues related to world war two china saying look we have to move on and this is one way of doing it by saying hey we are going to in some sense by ourselves re draw the maps here in northeast asia to. reflect modern realities now again the united states and its allies should not see this as you know yes or no but ok look this is what you have said we're going to come back with our offer on the table and then we can negotiate around that and then we'll see perhaps a line drawn for air space that is more better reflection of the realities on the ground in the region today martin you think united states is really interested in dealing with china and equal because i think what john just said makes perfect sense we are living in the twenty first century second world war was a long time ago though i would add john the caviar t

a relic of world war two and and there are many relics of world war two the united nations in some sense voting power in the i.m.f. world bank and china saying look you know the situation in this world has changed and even though some countries in the region japan south korea are still kind of fighting over issues related to world war two china saying look we have to move on and this is one way of doing it by saying hey we are going to in some sense by ourselves re draw the maps here in northeast asia to. reflect modern realities now again the united states and its allies should not see this as you know yes or no but ok look this is what you have said we're going to come back with our offer on the table and then we can negotiate around that and then we'll see perhaps a line drawn for air space that is more a better reflection of the realities on the ground in the region today martin do you think the united states is really interested in dealing with china as an equal because i think what john just said makes perfect sense we are living in the twenty first century second world war was a long time ago though i would add john t

the i.m.f. and world bank warned of dire consequences while china called for the world's d.americanised given that we see time and time again these political crisis appear in the us i think there would be more calls for sort of trying to reduce dependence in america eventually a deal and thousands of federal employees could go back to work parks and war memorials reopened and protests die down but the shut down side effects lingered on this was really a spectacle following a series of spectacles that has downgraded america's image worldwide to levels i've never seen solo. with a new president a new mood iran's hassan rouhani broke the ice on over thirty years of frozen times between tehran and washington but rouhani is nicknamed the shift diplomat he will not be the one to back up from diplomacy first a phone call with obama while on his maiden visit to the un then the nuclear deal of the decade the iranians have shown time after time that there is no evidence that iran's nuclear program is anything but peaceful is something that has been ignored by the western media and wes

he said that mandela went to the davos meeting i guess it was and one of the meetings and the i.m.f. world bank meetings and came back and said you know let's try this stuff let's let's do this you know kind of open markets free trade stuff and he said basically the chicago boys walked in and said here's how to make your country prosperous and the mandela administration and this fellow was you know part of that had just kind of bought a lot of that hook line and sinker and the result is that right now poverty is worse than it was when mandela came in and and he said you know this guy was not to blame ben nella for this use of this guy was a politician it was an economist but he said the the these right wing economists have got their teeth into south africa in a way that is tearing the country apart and he said he said i see the same thing in what i read in the international newspapers of what's happening in the united states lawyer and isn't that the robot that you know that people on the left particularly you know you could not be comments are saying about about president obama i mean it's the

he said that mandela went to the davos meeting i guess it was and one of the meetings and the i.m.f. world bank meetings and came back and said you know let's try this stuff let's let's do this you know kind of open markets free trade stuff and he said basically the chicago boys walked in and said here's how to make your country prosperous and the mandela administration and this fellow was you know part of that had just kind of bought a lot of that hook line and sinker and the result is that right now poverty is worse than it was when mandela came in and and and he said you know this guy was not to blame ben nella for this use of this guy was a politician it was an economist but he said the the these right wing economists have got their teeth into south africa in a way that is tearing the country apart and he said he said i see the same thing in what i read in the international newspapers of what's happening in the united states lawyer and isn't that the robot that you know that people on the left particularly you know you could not get comments are saying about about president obama i mean it'