The IMF is up to its old tricks doing to Nation-States what your local banks do to you the Konsumer and McMansion dweller and the TBTF Banks do your city, turning you into debt slaves with all the property you "own" held as collateral for money they loan you to pay the dentist for your child's braces and to help her with her college tuition or for the chemo you need for your cancer trreatments that's not covered by your insurance policy.  So just like when you lose your job due to your employer going BK after defrauding his investors and retiring to live in luxury in the Cayman Islands with his A-list Vagina companions, the bank repos everything you own and you move into a tent on Skid Row, the IMF forecloses on the country and privatizes everything from the water works to the power grid.

The latest victin of the Economic Hitmen from the IMF is home to the Great Pyramid at Geza and the Sphinx, soon to be auctioned off at Sotheby's to pay Egypt's ever growing pile of debt, since apparently they're not selling as many sheets made from Egyptian Cotton as they need to pay for new Teslas and upgrading their power grid to handle the load.

QuoteHence, the IMF, much like a central bank acting towards a commercial bank, continues to fulfil its critical commitment as the international lender of last resort to Egypt. And for the time being, the country is being managed like a bankrupt bank. The ever-growing external debt threatens the Sisi government's control over its financial and real assets. These assets essentially act as collateral for the public debt, meaning that they could be seized in the event of a default. And the harsh reality is that Egypt's financial well-being isn't just about the nation itself; it's about safeguarding the purely financial interests of its key creditors, international lenders and top Gulf donors.

Where does all that money the IMF loans to these countries come from, and how come the IMF is never in danger of going BK after loaning endless money to countries that can never pay off the loans? ??? ???  When were they elected as global lender of last resort to the world?  Who are the loan offices who decide how much money they will loan to a governement?  Who hires the loan officers and assigns them to a particular country?  Who owns the IMF and where is the stock traded?

I'm sure you know the answer to these questions.  Everybody Knows.  "They" own it.  It's a club, and you're not it it.

https://www.middleeastmonitor.com/20240321-bills-and-bailouts-the-bankruptcy-management-of-egypts-economy/

Bills and bailouts: the bankruptcy management of Egypt's economy

RE