The “world bank” is owned by 189 countries focused on “reducing poverty and promoting sustainable economic development.”
They finance this “goal’ through loans and grants and “technical assistance” and by providing “advice on economic reforms and policies. Some might simplify by calling it coercion.
Hint: They work with NGO’s…
Where do THEY get their money? Each country “member” contributes based on capital based on the size of its economy and not surprising the USA is the largest contributor but interestingly this bank borrows an estimated 75-80% of funds distributed!
Borrowing money to loan on the pretense of providing sound economic advice sounds like advice from someone that can only lend money.
Here is some very sound advice from Thomas Franklin:
To preserve our independence, we must not let our rulers load us with perpetual debt. We must make our election between economy and liberty, or profusion and servitude.
My biases are showing, so will stop here. Diving into the history of markets, debt, banks, and currencies is educational for those with curious minds.
Caveat emptor: Be sure of your sources, especially AI generated answers.
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