Santo Domingo.– After having evaluated the
Dominican economy, within the framework of Article IV, which is the yearly
evaluation of member nations, the two-week mission from the International Monetary Fund
(IMF) left the country.
Despite the enormous challenges the Dominican Republic has to face, the draft of the letter of intention and the
agreements include a disbursement of US$990 million for this year, of
which US$690 million are in the budget, Finance Minister Vicente Bengoa revealed.
The agreement, which also includes the emission of US$1.0 billion in
sovereign bonds by the government in 2010, will not
include new taxes, due to the fact that this is not correct in the
middle of a world recessionary and deceleration economic process, but
it will review the incentives.
Bengoa pointed out that the oil bill is half of what it was in 2008, so that fewer
dollars went to imports and the oil bill which compensated for the fall
in dollar income. "There is no problem with the balance of payments.
Another way that the IMF goes into a country is when the country
can't pay its foreign debts, and this, too, is not the case here, but
rather it is a fiscal problem."
From: Dominican Republic, Boycott Dominican Tourism
I said it before THE IMF IS NOT TO BE TRUSTED
From: Dominican Republic, Puerto Plata
Empty hotels, 40% unemployment, rampant corruption, nepotism to its apogea, government payroll out of this world, drugs falling out of the sky by the planenoad!
No problem, we'll lend you. Then we´ll take control of customs to repay ourselves, as did the US in the 19th century with the Santo Domingo Improvement Company.
Written by: juanb, 19 Sep 2009 1:35 PM
From: Dominican Republic
And if they weren't willing to bail us out, where would we go. Venezuela, Cuba, Libya?
Hopefully the suggestions included:
Stop wasting all our money.
Stop the criminals, masquerading as politicians, from stealing our money.
Stop the permissiveness with regards to electricity. Make EVERYONE pay.
Stop the laxity in law enforcement.
Stop denying our children a decent education.
From: Dominican Republic, la Romana
What is wrong with you people that you write such nonsense that has no foundation.Why can the IMF not be trusted ?? It has some brilliant brains and has done much good around the world . especially in the distribution of funds to developing countries from the major economies and I would like to know where they have done anything to suggest they are untrustworthy.
And the total exaggerations from Water Polo are quite laughable ..why do you not take note of what the various overseas bankers have said about the DR and look at all the progress that is going on and also please paint a picture that is more correct ,,,get the proper occupancy figures, and the proper unemployment figures and the correct annual income figures and quote these instead of the total misinformation.
From: United States
Ricardolito, you really need to avail yourself of BOOKS. your postings remind me of someone with very limited understanding of how things really work. go look at the basic prescriptions that the IMF doles out to struggling economies, then come back and write something with foundation. firstly, if you believe that the role of the IMF is to "do good around the world", then i will let you buy one of the many Brooklyn Bridges i have for sale. they are a COLLECTIONS AGENCY. their role is to make sure that debtor countries can pay back their loans. they are not your charitable old uncle, who wants to help make sure you get a good education. please, dude, get a grip, and go read some articles, for chrissake.
Written by: oupala07, 19 Sep 2009 1:58 PM
From: Canada
What is wrong with you people that you write such nonsense that has no foundation.Why can the IMF not be trusted ??
Well my friend Ricardolito, If you want to know why the IMF can't be trusted, just go to google video and search for : "Ann Pettifor : The IMF got it all wrong", and you'll see the light. Furthermore, for complementary reading I suggest you log on www.debtonation.org and you'll even have more enlighting articles written by that great woman economist.
Written by: winstric, 19 Sep 2009 3:42 PM
From: United States
juanb for president !!!
From: Dominican Republic, la Romana
Both the last 2 postings are totally incorrect and I have had in the past quite a number of dealings with the IMF which has more than 180 countries as members and both the IMF and the central banks of the member countries are loaded with brilliant staff with first class degrees in economics and finance ,,the role of the IMF is far more than a collection agency for debt repayment ( that is a wird notion)as any google read will tell and their work as advisors and an intermediatary is well acknowledged ,,,why do you think all the 180 countries want to be members.
Ann Pettifor is an economist ( great???)with a good social conscience who has set up her own business and the advice she gives to governments in relation to loan forgiveness and extension has helped the african countries in particular .
so far no one has been able to tell me why you should call the IMF untrustworthy and what is wrong with their systems ..the only possible dispute could be on their economic advice and condition
From: Dominican Republic, la Romana
Furthermore , at the last G20 meeting held in London , the IMF was given greater powers to deal with the economic problems that the developing countries were experiencing and as such funds were provided to these countries with very few conditions ...previously the conditions may have seemed a little harsh and this is where the Anne Pettifors have sought to have loans forgiven .....although I am a well trained economist . I do not think I have a mortgage on correct thinking but at least i try to keep a level head and support institutions like the world bank , the IMF and UNICEF which are mainly financed by the wealthy for the advantage of the poor
Written by: juanb, 19 Sep 2009 4:14 PM
From: Dominican Republic
Some of you seem to forget where we were economically after the disaster of the term of Mejia . We were up the creek with no paddle. We had borrowed from, AND SCREWED the IMF twice and they refused to help us a third time. When LF came into power they decided, based on his past performance to give the DR another chance, fortunately for us. LF has been a disaster in every area. We are lucky that he has so screwed up our economic situation that it has become necessary for him to go once again, hat in hand, to ask for their help. LF has resisted up until now because he didn't want anyone looking over his shoulder to criticize his wasteful spending. Now, possibly, we have a chance. A small one, but a chance none the less.
From: Dominican Republic, la Romana
Yes I have read those about those days when interest rates were over 40% and the major bank collapsed and the peso collapsed and the IMF threatened numerous times not to advance the loans but I do not think there was ever any default ..I can see that some people like Dreadlocks and oupala07 may not like the conditions, mainly relating to interest rates and capital expenditure that the IMF set when they agree to loans but I am not sure where else the DR would have got the money.In the 1980.s the IMF and the World Bank advanced very little and it was left to the USA to help .
I am still at a total loss to understand why people are so critical now of the IMF when it has, along with the world bank a good record of economic assistance...as was mentioned somewhere , seems to me that the IMF is on a hiding to nothing
From: United States
Ricardolito, with all due respect to you, i fail to understand how a guy who refers to himself as a "well trained economist" can make such remarks as you do. you really need to look at some articles which describe the onslaughts wrought on economies by the IMF. many of them told the IMF to go suck an egg, and went alone. strangely, their economies, and SOCIETIES, ended up better off without the intervention of the debt collector
Written by: Vivacuba, 19 Sep 2009 8:29 PM
From: Dominican Republic
QUOTE: "Another way that the IMF goes into a country is when the country can't pay its foreign debts". I ask WHEN will this occur. This is not a question of "IF" but rather "WHEN". This is how the golbalists work. Enslave nations first by indebting them, then move in and foreclose on them. They have done this with every other nation especially in Latin America. DR: no longer for sale but rather SOLD SOLD SOLD
Written by: Vivacuba, 19 Sep 2009 8:34 PM
From: Dominican Republic
Ricardolito, Either you are a piad blogger or you have been smoking way too much crack dished out by Washington and CNN, Fox. You really need to take a morphine cocktail and go bye bye. Really. Additionally, it appears you to be a believer in the G20. I can't even write anything more because you are just too far gone my friend. The rest of the world has awoke to the crap instituted by the American system and we are privy to it. Agood book to start with is "Confessions of an economic hitman" by John Perkins. And for godsakes turn "OFF" the television. Just turn the damn thing "OFF"!
Dreadlocks, The IMF ensures the nations will NOT be able to repay rather than in fact repay. In this fashion, you are 100% correct, they can then collect.
JuanB, A chance at what? A loan for what? This is borrowing from peter to pay paul which is the same mess the USA is currently in. Borrowed time my friend, borrowed time.
From: Dominican Republic, la Romana
I can find no reputable articles that suggest anything like you mention and have not heard anyone in other countries talk this way though I suppose their are detractors ...I know many countries who have survived only because of the IMF and the world bank ..when a country can not repay their debts, the IMF often goes in to assist with the economy and renegotiation of loans and maybe you are referring to the advice that the IMF gives in these situations. I think the 180 countries that willingly participate in IMF would not be there if your assessment of the IBM was correct and i note that there are many countries requesting their assistance including the DR .
So enough and maybe we agree to disagree on this
Written by: Vivacuba, 19 Sep 2009 8:42 PM
From: Dominican Republic
Most of the countries do not willingly agree. Most of the time they are EXTORTED into this gangster type mafia system. They are approcahed and told either you are in or you are out. They may even be threatend with blacklists or become a sanctioned nation per the U.N, rules and treaties. This is all intertwined witht he New World Order (NWO). The world demise by DESIGN.
From: United States
sadly, i am beginning to wonder if vivacuba is right when he questions whether Ricardolito is the victim of far too many hallucinogens. it bewilders me that a well trained economist cannot find any articles decrying the IMF. have you tried GOOGLE, Ricardolito?
From: Botswana, Seatin here in Gaborone having a drink with Ms Pussy Galore
HEllo Ricardolito can you hear me. Forgive me if I'm wrong but was it not the IMF that forced Malawi to sell their maze reserve, and when they did that country ended up with a famine the next year. Is it not facts when the IMF comes into these countries with their brilliant economist under the guise of debt restructuring these countries always ended having to lower their tariffs which only allowed them to become dumping ground for America's Subsidized cheap goods, and first thing to be cut is expenses on social services. I believe it was the IMF and world bank policies in the 80's that destroyed Haiti's rice production capabilities in favor of cheap rice from Miami.Is not now lot of the African country are progressing because they simply said Fuck the IMF policies..
From: Botswana, Seatin here in Gaborone having a drink with Ms Pussy Galore
Thank god for China and their demand for raw material which have made the IMF and world Bank irrelevant in Africa at the moment,now these country are free to follow their own economic development plan. Have you been watching BBC news lately, US news like to make you think things are backwards as usual over here. Hell until I saw my self American television had me believe all Africans lives in huts. It was pretty amazing to find out 65% of African never saw an animal in the wild.
Written by: BASTA, 20 Sep 2009 7:50 AM
From: Dominican Republic, = Ghetto-SPM-Barrio Blanco
#1 remember what the IMF did to Sudan - Ok guys stop growing food stuffs. Better to grow cotton than we will lend you money! Now they have no food and no cotton.
#2-- 179 same crap
Written by: josean, 20 Sep 2009 12:15 PM
From: United States
¿Y no era y que Pa’Lante Que Íbamos?
Written by: oupala07, 20 Sep 2009 4:35 PM
From: Canada
"Ann Pettifor is an economist ( great???)with a good social conscience who has set up her own business and the advice she gives to governments in relation to loan forgiveness and extension has helped the african countries in particular"
Is that all you have found about Ann Pettifor my friend Ricardolito? Well, I wonder where the United States has found that charm so powerful that it can impair the sense of good judgement of individuals. My friend, mark my workd, only countries like China, Germany, Russia, Brazil that are sitting on a pile of foreign reserve have no trouble with the IMF. All the others, like the United States and Great Britain, which have already spent the equivalent of a big chunk of their annual GDP are actually turning around the event horizon of the upcoming Great Depression black hole.
I am going to check my archives and suggest some good link for your references.
Written by: oupala07, 20 Sep 2009 4:36 PM
From: Canada
Or better, just log on to www.debtonation.org and then come back here to tell us what you have read.
Written by: oupala07, 20 Sep 2009 6:31 PM
From: Canada
I find this on msnbc,
http://www.msnbc.msn.com/id/32937628/ns/business-world_business"China is hiring, and young Americans are going
Many find it easier to get work as their friends are idled at home"
It's a small world hein my friend Ricardolito. Now the americans are like our poor masses, they are practically invading China to look for jobs. The only difference, they have the money to buy themselves plane tickets and not risking the 10 000 miles open sea journey across the Pacific Ocean in fragile nutshell raft.
I've never in my wildest dream expected to witness something like that. We all can say that there is a divine justice to punish the arrogant and the wicked.
Written by: oupala07, 20 Sep 2009 6:35 PM
From: Canada
I am only waiting for the up coming October crash as the expert s have predicted it. It will be celebrating day for me believe me. I am sorry if I offend some American friends, because I have a few, but what my country has and is still suffering has filled my heart with anger and hatred for the Yankees, and their government can go down under and collapse financially with all my blessing.
China is the way to go now, because it does not plunder weak countries, but help them and pay them for their resources instead of stealing them.
From: United States
as the one and only Bob Marley would say "the heathen have their backs against the wall". payday has come.
From: Dominican Republic, la Romana
I can only say to oupala07 ,,,you stay well out of the Dominican Republic and maybe go to China where you can follow your dreams and then you can live a wonderful life there..as for me I prefer to stay here in paradise and go along with all the help that is dished out by the IMF and the World Bank to this great country that you all call a failed state .
Written by: oupala07, 20 Sep 2009 9:38 PM
From: Canada
Ricardolito my friend,
I don't have anything particular with you the Dominicans, but believe me or not, your country is the last place on Earth I'd set my foot in. I live in Canada and after spending a few years in the United States, nothing has impressed me, and after they overthrew Aristide for nothing, I made myself a pledge to never set my feet on that country again, and so far I am still holding on my promess. And it is the same for your country, for all your government and your elite have and are still doing to my people, I don't think I'd grant you of my presence over there.
However, that doesn't mean I have some hatred for you and your land, but when the time comes to draw a line in the sand, you must draw it, and even though I will still have friendly chat with you all, I won't ever pay you a visit overthere, because Haitian blood is too precious for me to see it being spilled for nothing and by sheer hatred.
And thanks for the advice, but I really did not need i
Written by: frank, 21 Sep 2009 8:19 AM
From: Dominican Republic, Caberete, Norway, USA
Regarding third world loans and a very, very non-factual, terribly written, terribly researched book--"Confessions of an Economic Hitman"--that someone here mentioned, i'd like to remind people that organizations like the IMF are helping nations build, not a business or a school or a small community. When governments are involved, politics is involved. Wealthy, industrialized, civilized, educated, literate, GIVING/LENDING nations don't have lending terms dictated to them by often corrupt, fighting, under-developed, fractious, very poorly managed states. If no portion of these funds were returned to the established, able and capable businesses from the lending nations, the incentives to loan would be much diminished, and the help would be much less likely to be received. If 100% of the funds were circulated within the LDC or related LDCs, a much larger % of the funds would be wasted, stolen or mismanaged and the objectives/projects would fail for lack of expertise or ready means to--
Written by: frank, 21 Sep 2009 8:21 AM
From: Dominican Republic, Caberete, Norway, USA
(Continued) deploy the funds successfully to the intended projects. If the funds go solely to feeding and housing and not changing the aspects of the recipient country's hobbled economy, then there will be no later and better capacity to self-manage or to repay the funds, and again, the funds would therefore not be made available. LDC's have a long history of defaults because they are the kind of countries that don't already have institutions and methods and tools well established that allow for proper fiscal management. The size of the loans these days, and of recent defaults and bailouts, have not been determined by the World Bank or IMF nearly as much as the demands and burdensome needs and failures and violations of terms and blatant disregard of agreements from these failed or failing economies. If the remedies are harsh, it's because the problems are out of control.
Written by: oupala07, 21 Sep 2009 9:55 AM
From: Canada
How are you Frank
Whatever you say and however you put it my friend, the truth remains that the International Financial Cartel whose axes of evil span from London to Washington to New York, had managed to set their plan in motion, and is about to materealize it beyond its wildest dreams. They enslave you with debt and then they move for the foreclosure by taking over your economy. If you don't believe it, just take a look at what has happened to the US economy. The privately own Federal Reserve has asked the lesser bankers overthere to bring their real estate deals as collateral in order to get bailed out. In other words, they own every building private or public that still have a lien on it.
They practically destroy the Haitian domestic market forcing us to import everything we need now. The few public institutions we have left are going to be privatize soon.
So, the IMF is a destroying weapon used by the Cartel to conquer the World. Fortunately though, they still have strong
Written by: oupala07, 21 Sep 2009 9:59 AM
From: Canada
opposition on all the continents. Some countries are waking up and are turning to China which hungry for raw material and is willing to pay for them instead of stealing them. And I strongly hope that the fractionnal banking system finally collapse and that a new world economic order more balanced takes its place, because if we as mankind allows those bozos to control the planet, we won't be only economic slave, but socially too.
Written by: Vivacuba, 21 Sep 2009 7:59 PM
From: Dominican Republic
oupala07, The fractional banking system will collapse. However, it is important to understand that this was done intentionally by the SAME new future bankers that will dominate and control the "new world economic order more balanced" that you are referring to. These are the SAME individuals!! These criminals stole from the banking system currently in place only to set up a new world system. Don't you understand this? They are the SAME people.
From: United States
well, VivaCuba, at least now i know that if i am a madman, there is another companion riding with me. your posting is my assessment, exactly. money does not vanish, nor evaporate. some guys have it. and smart people know who these guys are. they are the guys who stole it in the first place. i mean; does anyone believe that Madoff''s billions burned up in a fire in his apartment? if not, then where is it?
Written by: Vivacuba, 21 Sep 2009 8:06 PM
From: Dominican Republic
oupala07, when the NWO takes over Canada, USA and Mexico simultaneously, you WILL be searching for a new place to escape to. It may not be the DR, but you better start thinking about where you are going because it is going to get very very ugly for the inhabitants of the north american continent. These poor unknowing souls will be living in a pure hell soon when the martial law hits. Start making your contingency plan now. Canada may not be hit as bad as the USA but it's only gonna get worse from this point forward.
From: United States
Vivacuba, the smart guys are already starting the Exodus.
Written by: oupala07, 21 Sep 2009 10:09 PM
From: Canada
Don't you worry Vivacuba,
Santiago de Cuba is the largest Haitian city outside Haiti, I'll be fine there. I don't risk to be beheaded like my good Domincan friends love to do it to us on their soil. Besides, I think I also have some family roots over there, and Fidel has always been my main man. Why do you think I despise the yankees? Furthermore, one way or the other, the Chinese will take over the Carribean (they will have the military power to protect their allies and the money to help them). The days of the big bad yankee bully is numbered.
Let them go to Hell with all my blessing.
Written by: oupala07, 21 Sep 2009 10:22 PM
From: Canada
Vivacuba,
Of course, it is those criminals who provoked the crisis in order to reshuffled the world economy. Unfortunately, when the smoke will dissipate, and if we let them have it their way, common people will be socio economic slaves. They won't need metallic chains to restrain you, they will use the electronic ones : if they are not happy with your amount of obedience, they will just turn your implanted chip off, and you will be cut off from all services, because without that up coming implant you won't be able to be recognized by any system. See my points?
My friend people are sleeping with the gas open, and they are not aware of what is happening or if they are, they are too drowsy to understand. You and I and every one else who are lucky enough to know won't surely survive that incoming Hell.
From: Botswana, Seatin here in Gaborone having a drink with Ms Pussy Galore
Reading the posts of people like Ricardolito and Frank makes me realize, in the third world you have people that are so brainwash by their western education that they become ignorant. These are the same people that always end up being the masters overseer.They ended up being the cheapest to bribe and buy, because they want to be in the image of their masters so bad. They usually have total contempt for the mass and label anybody who does not agree with their view as a leftist and need to be eliminate. If The IMF is so good can Frank please tell me why did Bechtel ended up getting kick out of Bolivia. Its Funny how Haiti followed the IMF programs that were implemented in the 80's only to ended up being not able to produce enough food to feed its people. I guess the ignorant farmers who went to the waft to protest and make sure the first shipment of rice from Miami did not get unloaded ,but were beat up into submission by the government forces saw the writing on the wall.
From: Botswana, Seatin here in Gaborone having a drink with Ms Pussy Galore
You mean to tell me those ignorant farmers were a lot wiser than those brilliant economist of the IMF. I doubt that . One thing I have learn about these masters of tricknology they plan for long term and usually know what the effect of they policy will be on their subject for at least 20years. Not to be a racist ,as I got older and having to navigate the corridor of power to get ahead I have finally understood what the African American meant when he says the white man is the devil. And this is coming from a die hard capitalist. Remember my friend the greatest trick the devil ever pull is prove to the world he does not exist.
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No problem, we'll lend you. Then we´ll take control of customs to repay ourselves, as did the US in the 19th century with the Santo Domingo Improvement Company.
Hopefully the suggestions included:
Stop wasting all our money.
Stop the criminals, masquerading as politicians, from stealing our money.
Stop the permissiveness with regards to electricity. Make EVERYONE pay.
Stop the laxity in law enforcement.
Stop denying our children a decent education.
And the total exaggerations from Water Polo are quite laughable ..why do you not take note of what the various overseas bankers have said about the DR and look at all the progress that is going on and also please paint a picture that is more correct ,,,get the proper occupancy figures, and the proper unemployment figures and the correct annual income figures and quote these instead of the total misinformation.
Well my friend Ricardolito, If you want to know why the IMF can't be trusted, just go to google video and search for : "Ann Pettifor : The IMF got it all wrong", and you'll see the light. Furthermore, for complementary reading I suggest you log on www.debtonation.org and you'll even have more enlighting articles written by that great woman economist.
Ann Pettifor is an economist ( great???)with a good social conscience who has set up her own business and the advice she gives to governments in relation to loan forgiveness and extension has helped the african countries in particular .
so far no one has been able to tell me why you should call the IMF untrustworthy and what is wrong with their systems ..the only possible dispute could be on their economic advice and condition
I am still at a total loss to understand why people are so critical now of the IMF when it has, along with the world bank a good record of economic assistance...as was mentioned somewhere , seems to me that the IMF is on a hiding to nothing
Dreadlocks, The IMF ensures the nations will NOT be able to repay rather than in fact repay. In this fashion, you are 100% correct, they can then collect.
JuanB, A chance at what? A loan for what? This is borrowing from peter to pay paul which is the same mess the USA is currently in. Borrowed time my friend, borrowed time.
So enough and maybe we agree to disagree on this
#2-- 179 same crap
Is that all you have found about Ann Pettifor my friend Ricardolito? Well, I wonder where the United States has found that charm so powerful that it can impair the sense of good judgement of individuals. My friend, mark my workd, only countries like China, Germany, Russia, Brazil that are sitting on a pile of foreign reserve have no trouble with the IMF. All the others, like the United States and Great Britain, which have already spent the equivalent of a big chunk of their annual GDP are actually turning around the event horizon of the upcoming Great Depression black hole.
I am going to check my archives and suggest some good link for your references.
http://www.msnbc.msn.com/id/32937628/ns/business-world_business
"China is hiring, and young Americans are going
Many find it easier to get work as their friends are idled at home"
It's a small world hein my friend Ricardolito. Now the americans are like our poor masses, they are practically invading China to look for jobs. The only difference, they have the money to buy themselves plane tickets and not risking the 10 000 miles open sea journey across the Pacific Ocean in fragile nutshell raft.
I've never in my wildest dream expected to witness something like that. We all can say that there is a divine justice to punish the arrogant and the wicked.
China is the way to go now, because it does not plunder weak countries, but help them and pay them for their resources instead of stealing them.
I don't have anything particular with you the Dominicans, but believe me or not, your country is the last place on Earth I'd set my foot in. I live in Canada and after spending a few years in the United States, nothing has impressed me, and after they overthrew Aristide for nothing, I made myself a pledge to never set my feet on that country again, and so far I am still holding on my promess. And it is the same for your country, for all your government and your elite have and are still doing to my people, I don't think I'd grant you of my presence over there.
However, that doesn't mean I have some hatred for you and your land, but when the time comes to draw a line in the sand, you must draw it, and even though I will still have friendly chat with you all, I won't ever pay you a visit overthere, because Haitian blood is too precious for me to see it being spilled for nothing and by sheer hatred.
And thanks for the advice, but I really did not need i
Whatever you say and however you put it my friend, the truth remains that the International Financial Cartel whose axes of evil span from London to Washington to New York, had managed to set their plan in motion, and is about to materealize it beyond its wildest dreams. They enslave you with debt and then they move for the foreclosure by taking over your economy. If you don't believe it, just take a look at what has happened to the US economy. The privately own Federal Reserve has asked the lesser bankers overthere to bring their real estate deals as collateral in order to get bailed out. In other words, they own every building private or public that still have a lien on it.
They practically destroy the Haitian domestic market forcing us to import everything we need now. The few public institutions we have left are going to be privatize soon.
So, the IMF is a destroying weapon used by the Cartel to conquer the World. Fortunately though, they still have strong
Santiago de Cuba is the largest Haitian city outside Haiti, I'll be fine there. I don't risk to be beheaded like my good Domincan friends love to do it to us on their soil. Besides, I think I also have some family roots over there, and Fidel has always been my main man. Why do you think I despise the yankees? Furthermore, one way or the other, the Chinese will take over the Carribean (they will have the military power to protect their allies and the money to help them). The days of the big bad yankee bully is numbered.
Let them go to Hell with all my blessing.
Of course, it is those criminals who provoked the crisis in order to reshuffled the world economy. Unfortunately, when the smoke will dissipate, and if we let them have it their way, common people will be socio economic slaves. They won't need metallic chains to restrain you, they will use the electronic ones : if they are not happy with your amount of obedience, they will just turn your implanted chip off, and you will be cut off from all services, because without that up coming implant you won't be able to be recognized by any system. See my points?
My friend people are sleeping with the gas open, and they are not aware of what is happening or if they are, they are too drowsy to understand. You and I and every one else who are lucky enough to know won't surely survive that incoming Hell.