World Bank

The World Bank is obviously an important agency of the Anglo-American power elite; its headquarters are in Washington, DC and it was created about the same time as the International Monetary Fund, in the mid-1940s.

The World Bank is something of an elite promotion (as so many things are on a global scale.) The process hinges on a dominant social theme, that the projection of Anglo-American money power overseas, both economic and military, is well-meaning, even generous. Even when things go wrong, the Anglosphere's involvement is always positioned in this light.

The World Bank has been constructed to make loans and does so mostly to developing countries. These are countries that may need infrastructure and other large projects and the World Bank makes funds available, presumably at low interest rates.

However, since the money often flows directly to governments, 1) whatever projects are green-lighted will likely be shoddy if they even get finished and 2) the leaders of developing countries often borrow far more than the country can pay back because much of the money is diverted into private pockets and because public projects look good to the larger citizenry.

The World Bank, of course, does not do developing countries any favors by lending to governments or even the resident ruling class. It is true that the World Bank has grown into a rather complex institution with at least five subsidiaries under its World Bank Group (and one is supposed to lend directly to the "private sector.") But nonetheless, the larger mandate remains government-oriented and thus World Bank money is provided in ways that almost guarantee its misuse.

Once a country – or government – gets in trouble with the World Bank because loans are due and the revenue to pay them is not available, the IMF is likely called in. Now the IMF will insist on "austerity." It will demand that the government raise taxes and cut progams. Then it will demand that the government in question sell off assets to Anglo-American corporations. The looting has begun.

Over and over, the tag team of The World Bank and the IMF work their magic. They leave behind in their wake, ruined countries and sovereign assets that now belong to various Anglo-American multinationals. It is a fairly sick system and it starts with The World Bank and generous loans to corrupt leaders in "developing" countries. It is a well-thought-out scam, not a generous hand-up to countries and peoples that need capital. It appears to be one thing but it is quite certainly another.

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