IMF Prepare For Major Bank Runs, Collapse Imminent (2 Video)

IMF Prepare For Major Bank Runs, Collapse Imminent (2 Video) | Economics and Politics



If there is a sudden run on the banks it means that joe public is withdrawing their savings of paper money. The IMF has no paper money. Countries merely hit computer keys and put deposits of digital money into the IMF. They,in turn, agree to lend digital money out to countries in trouble. The receiving countries then use these digital funds as a guarantee for loans to buy stuff which the need.

So the receiving country is paying interest,not only on the buying goods loans but is also paying interest to the IMF for their loan.