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Lies, Damed Lies and Sadistics: The IMF’s Role As Bankster Enforcer

by Don Quijones, Testosterone Pit.com:


“We make or break human life every day of every year as probably no other force on earth has ever done in the past or will ever do again.”

The above rather dramatic quote comes courtesy of one Davison L Budhoo, a former International Monetary Fund economist who in 1988 broke ranks with the Fund, publishing a scathing 150-page resignation letter. In it he accused the organization of corruption, self-interest, and deceit.

Not that the Fund, then headed by Frenchman Michel Camdessus, was particularly fazed by the allegations. In those days there was no Internet, so the story didn’t exactly go “viral”; in fact, it barely got a mention in the mainstream or financial press. As such, following a spattering of articles in a few specialist newspapers and magazines, Buddhoo’s accusations were quickly forgotten.

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1 comment to Lies, Damed Lies and Sadistics: The IMF’s Role As Bankster Enforcer

  • Ed_B

    “In those days there was no Internet, so the story didn’t exactly go “viral”…”

    Actually, there WAS an Internet in 1988 but it was not the sophisticated playground then that it is today. Back in those days, the Internet was all text based and if you did not have at least a passing acquaintance with the UNIX OS and its many 2-letter commands, it was virtually unusable. If you go to one of the remaining FTP sites you will see exactly what the Internet looked like in 1988. Agree that an easy viral experience was not available back then.

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