The IMF Riots are planned civil disorder which are typified by the series of riots that occurred in Ecuador in March 2001 after the government, at the insistence of the World Bank and IMF, raised the price of cooking gas by 80%. According to former chief economist at the World Bank, Joseph Stiglitz, the riots in Ecuador and their responses were carefully planned by the World Bank and the Intrnational Monetary Fund (IMF). The purpose of the IMF Riots is to destroy the hostnation economically, allowing global corporations to buy up national resources cheaply (also known as rebuilding a country), benefiting the IMF, the World Bank (51% of which is owned by the US Treasury) and the global corporations at the expense of the 'helped' nation. Research IMF Riots
Globalization is the process that has enabled investment in financial markets to be carried out on an international basis. It has come about as a result of changes in technology and deregulation (the removal of government control in the public interest and its replacement by business control in the shareholders interest); as a result of globalization, for example, investors in London can buy shares or bonds directly from Japanese brokers in Tokyo rather than passing through intermediaries. Globalization has also enabled a smal number of companies to purchase electricity, water and oil rights from many state ownership in many countries - those that resist are invaded, sanctioned or their leaders murdered - leading to virtual bankruptcy in many of the countries involved. A typical globalization scenario involves the World Bank and IMF offering financial 'aid' to a third world country in exchange for the privatisation of that country's water and electricity which are then given to American corporations to run at vast profits. Recipients of the globalization 'aid' are also required to reduce workers rights, reduce wages and reduce pensions. Globalization was first started by the British primeminister, Margaret Thatcher, and was further built upon by President Reagan of the USA and subsequent US and British leaders, irrespective of claimed political persuasion. Opponents to the concept of globalization have been for the most part silenced, by murder, intimidation, bribery, indictment of libel or a mediapropagandacampaign claiming oponents of globalization to be 'tree hugging hippies' or 'anarchists'. Research Globalization
World Bank is the name by which the International Bank for Reconstruction and Development combined with its affiliates, the International Development Association and the International Finance Corporation, is known. Research World Bank
WB is an abbreviation for Water Ballast
WB is an abbreviation for Waybill
WB is an abbreviation for West Bound
WB is an abbreviation for Wideband
WB is an abbreviation for Weather Bureau
WB is an abbreviation for World Bank Research WB
The Probert Encyclopaedia was designed, edited and programed by
Matt and Leela Probert
Abbreviations
Research IMF Riots
