More

    Illusion of Independence, IMF & World Bank Used as “Conventional Weapons” by US Military

    “Some of the best weapons do not shoot,” states the leaked military manual titled “Army Special Operations Forces Unconventional Warfare” that was recently highlighted by WikiLeaks where the US Army states that major global financial institutions such as IMF and World Bank are used as unconventional financial weapons in times of not only conflict but also large scale general war along with leveraging the cooperation of state government.

    The document has been originally written in September but has been recently highlighted by WikiLeaks in the light of recent events in Venezuela.

    One of its section reads,

    “Manipulation of U.S. financial strength can leverage the policies and cooperation of state governments. Financial incentives and disincentives can build and sustain international coalitions waging or supporting U.S. UW campaigns. As part of an interagency effort, the U.S. Treasury can recommend changes to U.S. policy that can provide such incentives to state governments and others at the national strategic policy level. Participation in international financial organizations, such as the World Bank (WB), International Monetary Fund (IMF), Organization for Economic Cooperation and Development (OECD), and the Bank for International Settlements (BIS), offers the U.S. diplomatic-financial venues to accomplish such coalitions.”

    It further talks about,

    “State manipulation of tax and interest rates and other legal and bureaucratic measures can apply unilateral U.S. financial action to open, modify, or close financial flows.”

    Moreover, these financial weapons can be used as

    “financial incentives or disincentives to persuade adversaries, allies, and surrogates to modify their behavior at the theater strategic, operational, and tactical levels.”

    Controlled Freedom

    According to the World Bank’s website,

    “The United States was a leading force in the establishment of the World Bank in 1944 and remains the largest shareholder of the World Bank today. As the only World Bank shareholder that retains veto power over changes in the Bank’s structure, the United States plays a unique role in influencing and shaping development priorities.”

    The notion of the World Bank and IMF being independent is sort of an illusion which puts forward the case for Bitcoin which is a digital currency controlled and regulated by no one.

    Created as a “purely peer-to-peer version of electronic cash would allow online payments to be sent directly from one party to another without going through a financial institution.”

    After the banking crisis of 2008, the creation of Bitcoin has been not only the result of technological progress but also the concerns about conventional banking and money, and political views about the role of the government.

    Get Free Email Updates!

    *Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

    I will never give away, trade or sell your email address. You can unsubscribe at any time.

    Avatar
    Bitcoin Exchange Guide News Team
    B.E.G. Editorial Team is a gracious group of giving cryptocurrency advocates and blockchain believers who want to ensure we do our part in spreading digital currency awareness and adoption. We are a team of over forty individuals all working as a collective whole to produce around the clock daily news, reviews and insights regarding all major coin updates, token announcements and new releases. Make sure to read our editorial policies and follow us on Twitter, Join us in Telegram. Stay tuned. #bitcoin

    [Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

    [Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

    LEAVE A REPLY

    Please enter your comment!
    Please enter your name here

    3,366FansLike
    2,782FollowersFollow
    4,137FollowersFollow

    Live Bitcoin Price & Latest BTC Charts

    Today's Latest Crypto News

    Galaxy Digital's Mike Novogratz: This Is The Year For BTC Or I Might ‘Hang Up My Spurs'

    Bitcoin proponent, Mike Novogratz is still “most excited” about the world's leading cryptocurrency but “if it doesn't go all out by the end of...

    National Internet Finance Association of China Warns Against Manipulative Crypto Exchanges

    The National Internet Finance Association of China(NIFA) has issued a warning for investors who have been associated with the crypto-verse about the growing risks...

    Cash is King in Coronavirus Ravaged Economy But Bitcoin is “Next in Line to the Throne”: Hedge Fund Manager

    Mark Yusko, the CEO at Morgan Creek Capital Management says coronavirus is unleashing a once in a lifetime downturn. Yusko appeared on CNBC’s “Trading Nation”...

    Bitcoin’s is Gold 2.0; Billionaire Chamath Palihapitiya Lays Out BTC’s Path Forward in Macro Backdrop

    In the latest episode of The Pomp Podcast, host Anthony "Pomp" Pompliano had Chamath Palihapitiya, the CEO of Social Capital as a guest who...

    Binance ‘Leak' Signals Possible Bitcoin Options Trading Launch On The Exchange

    The competition across cryptocurrency exchanges in the crypto derivatives markets is heating up to a boiling point as yet another big player hints at...

    BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.