Here’s an original copy of the Articles of Agreement of the International Monetary Fund downloaded directly from the IMF website.
Of particular importance is Article IX Status, Immunities, and Privileges on page 26 [or 37] and onward which, among others, states:
Section 3. Immunity from judicial process
The Fund, its property and its assets, wherever located and by whomsoever held, shall enjoy immunity from every form of judicial process except to the extent that it expressly waives its immunity for the purpose of any proceedings or by the terms of any contract.
Section 4. Immunity from other action
Property and assets of the Fund, wherever located and by whomsoever held, shall be immune from search, requisition, confiscation, expropriation, or any other form of seizure by executive or legislative action.
Section 5. Immunity of archives
The archives of the Fund shall be inviolable.
Section 8. Immunities and privileges of officers and employees
All Governors, Executive Directors, Alternates, members of committees, representatives appointed under Article XII, Section 3(j), advisors of any of the foregoing persons, officers, and employees of the Fund:
(i) shall be immune from legal process with respect to acts performed by them in their official capacity except when the Fund waives this immunity;
(ii) not being local nationals, shall be granted the same immunities from immigration restrictions, alien registration requirements, and national service obligations and the same facilities as regards exchange restrictions as are Art. IX, Sec. 3–8 IX. Status, Immunities, and Privileges accorded by members to the representatives, officials, and employees of comparable rank of other members; and
(iii) shall be granted the same treatment in respect of traveling facilities as is accorded by members to representatives, officials, and employees of comparable rank of other members.
Section 9. Immunities from taxation
( a ) The Fund, its assets, property, income, and its operations and transactions authorized by this Agreement shall be immune from all taxation and from all customs duties. The Fund shall also be immune from liability for the collection or payment of any tax or duty.
( b ) No tax shall be levied on or in respect of salaries and emoluments paid by the Fund to Executive Directors, Alternates, officers, or employees of the Fund who are not local citizens, local subjects, or other local nationals.
( c ) No taxation of any kind shall be levied on any obligation or security issued by the Fund, including any dividend or interest thereon, by whomsoever held:
(i) which discriminates against such obligation or security solely because of its origin; or
(ii) if the sole jurisdictional basis for such taxation is the place or currency in which it is issued, made payable or paid, or the location of any office or place of business maintained by the Fund.
Section 10. Application of Article
Each member shall take such action as is necessary in its own territories for the purpose of making effective in terms of its own law the principles set forth in this Article and shall inform the Fund of the detailed action which it has taken.
The consequence of all these immunities and privileges is fairly obvious and simple, i.e. the Fund is beyond public accountability.
The International Monetary Fund is a private corporation that is ultimately funded with taxpayers’ money through our representative governments. Each taxpayer, however, is just a tenant, i.e. a person or corporation represented by his own Birth Certificate, and faithfully paying his dues to the State, another representative entity.
All three corporations, i.e. person, State, and IMF, are mere corpse representations, i.e. unconscious, legal entities only [created by virtue of statutes written by your representatives in Congress] . Nobody can imprison a ghost, or a corpse.
But the Ponzi scheme is not too obvious when one considers the fact that whenever the Fund lends money, the borrower only receives a paper authorizing the latter to print local currency to pay for its development projects back home, e.g. a 1-kilometer bridge construction.
An IMF debt is a mere paper of authority to print paper currency, or legal tender, that has its indicated loaned amount recorded in IMF’s computers and ledgers. Up until this point there’s no actual wealth being lent, nor borrowed, or created.
When the 1 km bridge is completed and the borrower begins paying for the IMF debt with usurious interests, of course, that’s when real wealth is transferred from the sweat of the brows of the people to the Fund in a form of an actual, tangible 1-kilometer bridge that will attract investments and increased economic activity to the just linked regions. Henceforth, the imaginary infusion of loaned paper money is not going to be inflationary because of the actual value that will be created later on.
Again, all of these paper shuffling is solely in exchange for the IMF’s authority to print currency, a fancy paper with some logo and watermark on it, usually made holy with handshakes and selfies.
The fundamental consequence of this Babylonian Money Magic is that you, as a human being, have no real debt to any Bank, in the same manner that the State itself has no actual, real debt to the Fund.
The Fund, with its legal construct, can only transact legally and only with other legal entities, i.e. legal person as represented by the Birth Certificate, Certificate of Incorporation or Association.
A corporation, or legal person, is an artificial being, endowed by law with the capacity of perpetual succession; consisting either of a single individual, i.e. corporate sole, or of a collection of several individuals, i.e. corporation aggregate… An intellectual body, created by law, composed of individuals united under a common name, the members of which succeed each other, so that the body continues always the same, notwithstanding the change of the individuals who compose it, and which, for certain purposes, is considered a natural person.
A “corporation” is more nearly a method than a thing…
– Black’s Law Dictionary 4th Edition.
It is the people’s ignorance of the true nature of the whole scheme which made them slaves to the system.
Since this is the true nature of the whole charade, for what do we need Fiat IMF for?
Why can’t every sovereign State print its own debt-free currency to fund its much needed infrastructure projects?
It’s been done before. In fact, it’s been done with actual backing of hard currencies like gold and silver. But the Fiat Central Bankers quickly sent in their assassins in the early days of the Constitutional Republic of the united States of America, and even in Libya, just a little more than five years ago.
They have reached that stage where they could hire and maintain private armies and mercenaries to protect them from you, because those brainless thugs also believe in the imaginary value of the legal compensation they are receiving from the banking priesthood.
In the end, it would take the majority of the planet’s inhabitants to wake up to the madness of the Debt Slavery System, and the Fascist Corporatocracy behind it, to better their lives and that of the next generations.
Will the secretive TPP, or any other corporate trade articles of agreement be any better?
These are just among several reasons why the BRICS established its own global infrastructure development banks, using asset-backed currencies only.
You can actually participate in crippling the Deep State organized criminal cabal, while enjoying healthcare freedom at the same time, by boycotting Big Pharma for good.