Business Finance
Harvard University IMF World Bank & Federal Reserve Videos Argumentative Essay

Harvard University

Question Description

I’m studying for my Business class and don’t understand how to answer this. Can you help me study?

watch the videos in their entirety and present a convincing argument against either the argument that 1): The federal reserve (which is not federal and contains hardly any reserves), like all central banks, is a private entity that will continue to reduce the purchasing power of the masses, or 2) the IMF and World Bank, like all supranational organizations, are weapons of destruction against humanity. (A society becomes totalitarian when its structure becomes flagrantly artificial: that is when its ruling class has lost its function but succeeds in clinging to power by force or fraud. - George Orwell, author of 1984).

https://www.youtube.com/watch?v=mQUhJTxK5mA&feature=youtu.be

https://www.youtube.com/watch?v=WYCH1Ylncxc

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Final Answer

Attached.

Surname 1
Student’s Name
Instructor’s Name
Course
Date of Submission
THE IMF AND WORLD BANK LIKE ALL SUPRANATIONAL ORGANIZATIONS
ARE WEAPONS OF DESTRUCTION AGAINST HUMANITY
Introduction
The World Bank (WB) and the International Monetary Fund (IMF), also referred to as the
Bretton Woods institutions were formed after the Second World War in 1945. They were formed
to manage how money flow within the international system, regulation of the exchange rates, and
global payments to promote international trade. The goal was to attain stability in the exchange
rates and encourage member States to eradicate trade restrictions. The two bodies serve as vital
intergovernmental pillars supporting the world's financial and economic stability. However, from
time to time, their functions have been broadened based on the prevailing economic situations in
the member countries. This has often been exacerbated due to the lack of a uniform monetary
policy in the world. In the movie "IMF and World Bank are weapons of war," Pilger narrates
how the policies attached to debts offered primarily to the third world countries has caused
diverse effects in those countries. The adverse effects are as a result of the operational models
and political influence in these financial institutions. Therefore, this assignment aims at
presenting an argument on how the World Bank and the International Monetary Fund are
weapons of destruction against humanity.

Surname 2
Debt conditions
These international financial organizations are dominant in the world and regulate the
economies of most countries. They assist countries in regaining economic and financial stability
in several areas. In the movie, Pilger, focus on the implications of debt in the economies of the
third world countries. Pilger views the debt by the third world countries as a battle through other
means. The total amounts that the developing countries owe to the developed countries are more
compared...

TheHess (7633)
Rice University

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