Bolivia’s President Evo Morales recently announced that his country would no longer allow ANY Rothschild banking institutions in the country, making them the first South American country to do so. This action announces to the watching world that Bolivia will no longer be pressured or financially blackmailed by the US government or Rothschild-controlled international banking institutions.

Since their creation in 1944, the International Monetary Fund (IMF) and US-dominated World Bank have played a huge part in the global economic marketplace. And while some may think they are an altruistic bunch- they are not.

They begin by pressuring nations to deregulate their financial sector which allows private banks to loot their economies. Once governments are forced to bail-out their now deregulated financial sector, the IMF or World Bank sets up a loan package- which is written IN SECRET by central bankers and finance ministers- that undermines their national sovereignty AND forces them to adopt policies of austerity that harm workers, families, and the environment.

 

However, Morales, Bolivia’s 80th president and first from Bolivia’s majority indigenous Aymara population, no longer wanted or needed their help. Since his election in 2006 he has focused on poverty reduction and combating the influence of the United States and multinational corporations in Bolivia. Now, ten years on, Morales (who is a  Democratic socialist) has transformed Bolivia into the fastest growing South American economy and he’s done so while maintaining a balanced budget and slashing their government debt.

And he’s done even more than merely kick the IMF habit; Bolivia has freed themselves of numerous multi-corporations, including McDonalds and Coca Cola, while also refusing to cooperate with the US’ failed “War on Drugs”. Morales also forced foreign oil and gas companies to pay 82% of its profits to the Bolivian government. Those funds, in turn, are used to fund multiple social programs benefiting the poor. Lastly, they devote 14% of their national budget to education, second only to Argentina. (FYI, in the US we only spend 1.7% of our national budget.)

Thanks to President Morales leadership, poverty in Bolivia has dropped significantly as a result and their transformation proves that any nation, no matter how poor, can throw off the shackles imposed by international bankers and return the power to the people.

Amazing. Now THAT’S a feel good story for this happy Tuesday.

XO- Erin

Source: Your News Wire