The International Monetary Fund

John Carson

martin_hughes wrote:

Just as I feared then. An un-elected, un-accountable body who just so happen to be the "third-largest official holder of gold in the world".

What international body is directly elected? It is accountable to its member states.

Upon joining, each member of the IMF is assigned a quota, based broadly on its relative size in the world economy. ... The quota largely determines a member's voting power in IMF decisions. Each IMF member has 250 basic votes plus one additional vote for each SDR 100,000 of quota. Accordingly, the United States has 371,743 votes (16.83 percent of the total), and Palau has 281 votes (0.01 percent of the total).

John Carson

Christian Graus

John Carson wrote:

and Palau has 281 votes (0.01 percent of the total)

So the guy from Palau only shows up because they have good donuts ?

Christian Graus Driven to the arms of OSX by Vista.

martin_hughes

The problem being of course that you can elect a new national government, but this won't affect the machinations of a global organisation. You can elect an actively anti-IMF government but this won't affect the machinations of the IMF. These "global" institutions run and run and run, and there sweet fa you can do about it. And what's been done with all that gold they so proudly advertise?

print "http://www.codeproject.com".toURL().text Ain't that Groovy?

Rob Graham

martin_hughes wrote:

And what's been done with all that gold they so proudly advertise?

Well, it's fairly certain they're not minting Ameros.

John Carson

Christian Graus wrote:

So the guy from Palau only shows up because they have good donuts ?

:-D Yep.

John Carson

John Carson

martin_hughes wrote:

The problem being of course that you can elect a new national government, but this won't affect the machinations of a global organisation. You can elect an actively anti-IMF government but this won't affect the machinations of the IMF.

That is just plain wrong. The IMF can be made to do anything its member organizations want, including disband. The fact that they may not do what you want (if indeed you have a real opinion on the subject) is beside the point.

John Carson

martin_hughes

It's not plain wrong, it's plain correct. If you had a real opinion on the subject, which you don't, you'd realise, despite whatever democratic process you think you've elected via the ballot box, there is not one single thing you can do to make any global "political" organisation accountable for any action it may chose to take. Do you think whatever form of Governance you've elected will rock the international boat? I think not. Prove me wrong.

print "http://www.codeproject.com".toURL().text Ain't that Groovy?

John Carson

martin_hughes wrote:

If you had a real opinion on the subject, which you don't, you'd realise, despite whatever democratic process you think you've elected via the ballot box, there is not one single thing you can do to make any global "political" organisation accountable for any action it may chose to take.

This is just nonsense. I am one person among 6 billion in the planet. Of course I can't do much on my own. However, were it the case that, say, there was a strong push from US citizens and others around the world for the IMF to change course, then there is no reason to doubt that government and ultimately the IMF itself would respond to this. What stops it? Some secret cabal that you think runs the world from a hideaway somewhere? Many people can't get their heads around the concept that they share this world with billions of others and they think that if they personally don't have great political power, then that disproves democracy. On the contrary, under a democracy each individual should expect to have only a minimal influence.

John Carson

BoneSoft

Great candidate for a one world government huh? Which would likely follow after a one world monetary system. Which would likely follow after a world wide financial meltdown. Neato huh?

Visit BoneSoft.com for code generation tools (XML & XSD -> C#, VB, etc...) and some free developer tools as well.

CSS_Shadow

You only have 2 options when you vote. To jump head first into socialism and globalism, or walk on a steep inline into socialism and globalism. "We the people" chose option 1 this time.