This is a transcript of the full interview with PressTV for their Program “Economic Divide”, of which sections were aired in this broadcast – “U.S. military use of IMF, World Bank”
The U.S. Army states that major global financial institutions — such as the World Bank, International Monetary Fund (IMF), and the Organization for Economic Cooperation and Development (OECD) — are used as unconventional, financial “weapons in times of conflict up to and including large-scale general war,” as well as in leveraging “the policies and cooperation of state governments.”
PressTV: Are these so-called financial institutions guilty of that, and how do they do it? If so, this would point to the fact that these organizations are NOT independent.
Peter Koenig: Let me start with the fact that indeed these organizations are not independent at all.
The World Bank and IMF are fully controlled by the US. The US has a de facto veto power, since it possesses about 17% of the votes, and it takes 85% to overrule the veto – impossible.
OECD is an organization of some 34 so-called industrialized countries, also dominated by the US and her mostly vassal states of the European Union, Canada, Australia, Japan, New Zealand — so of course, they are controlled by the US, or simply, the West.
You could add to these organizations also WTO – the World Trade Organization, also dominated by the US and Europe to the detriment of developing…