U.S.Crusade | RaceandHistory | RastaTimes | HowComYouCom | News Links | Trini Soca | Africa Speaks
Trinicenter.com Trinicenter.com Trinidad and Tobago News
Online Forums
Create an AccountHome | Account | World News  

International Watch
  • Home
  • AvantGo
  • Feedback
  • Search
  • Stories Archive
  • Submit News

  • Categories
  • Africa Focus
  • Arab Spring
  • Audio & Video
  • Book Review
  • Caribbean
  • Inside U.S.A.
  • Invasion of Iraq
  • Israel-Palestine
  • Latin America
  • Medical
  • Pakistan
  • Pandora's Box
  • Racism Watch
  • Satire
  • US War on Iran
  • War and Terror
  • War on Russia
  • War on Syria
  • World Focus
  • Zimbabwe

  • Old Articles
    Saturday, January 07
    · Media Hype Fake News Report Claiming Russian US Election Hacking
    Friday, December 02
    · What can go wrong?
    · Cuba, Fidel, Socialism … Hasta la victoria siempre!
    Sunday, November 13
    · George Soros Financed Anti-Trump Protests
    · Clinton Is the Most Dangerous Person Alive
    Sunday, October 09
    · Always remember
    Tuesday, September 27
    · He Who Hesitates Is Lost And Russia Hesitated
    Thursday, August 18
    · US Impunity under threat: Turkey may disintegrate NATO
    Monday, July 11
    · Made Man in a Blue Vest: Deray McKesson
    Saturday, June 25
    · Why the British said no to Europe
    Saturday, June 18
    · U.S. Sets Stage for Libya-Like Regime Change in Eritrea, “Africa’s Cuba”
    Monday, June 06
    · Muhammad Ali: My Name, Not Yours
    Friday, June 03
    · There Has Been A Coup In Brazil
    Saturday, May 28
    · Silencing America as It Prepares for War
    Friday, May 27
    · The Looting Stage of Capitalism: Germany’s Assault on the IMF
    Wednesday, May 25
    · Get Real: Petrodollars, not corruption is the reason for Brazilian coup
    · Russia Denounces External Forces for Crisis in Venezuela
    Tuesday, May 24
    · Call It a 'Coup': How Elite Orchestrated Overthrow in Brazil
    Thursday, May 19
    · Hillary Clinton’s Race Problem
    · Roots of the Conflict: Palestine’s Nakba in the Larger Arab ‘Catastrophe’

    Older Articles

    Features

    Sudan''s Crisis

    Zimbabwe: Land Reform and Mugabe

    U.S Coup in Haiti

    Venezuela and Chavez


      
    Invasion of Iraq: IMF Occupies Iraq, Riots Follow
    Posted on Friday, January 06 @ 23:08:52 UTC
    Topic: Iraqis Protest
    Iraqis ProtestBy Matthew Rothschild, progressive.org
    January 3, 2006


    Bad enough that the U.S. military is occupying Iraq. Now the IMF is occupying the country.

    In December, the International Monetary Fund, in exchange for giving a loan of $685 million to the Iraqi government, insisted that the Iraqis lift subsidies on the price of oil and open the economy to more private investment.

    As the IMF said in a press release of December 23, the Iraqi government must be committed to "controlling the wage and pensions bill, reducing subsidies on petroleum products, and expanding the participation of the private sector in the domestic market for petroleum products."

    The impact of the IMF extortion was swift and brutal.

    "Since the Dec. 15 parliamentary election, fuel prices have increased five-fold, mostly because the outgoing government of Prime Minister Ibrahim Jafari has cut subsidies as part of a debt-forgiveness deal it signed with the International Monetary Fund," the Los Angeles Times reported on December 28.

    "The move has shocked Iraqis long accustomed to hefty subsidies of gasoline, kerosene, cooking gas, and other fuels."

    Iraqis are getting a nasty taste of the IMF's medicine. "Over the summer, gas was selling for about five cents a gallon," the LA Times noted. "Now it's about 65 cents, and at the end of the price increases, gasoline will cost about the same in Iraq as it does in other countries in the Persian Gulf, about $1 per gallon. The prices of kerosene, diesel, and cooking gas have seen similar or steeper increases." The price of public transportation has also gone up significantly.

    Not surprisingly, these enormous price hikes have led to riots around the country, with police firing on 3,000 protesters in Nassiryeh, according to an account on Daily Kos. www.dailykos.com/story/2005/12/20/11119/029, Iraq's oil minister quit to protest the government's capitulation to the IMF. According to Daily Kos, Oil Minister Ibrahim Bahr al-Uloum asked, "Is this how we repay the Iraq citizens who risked their lives to participate in the elections, by raising fuel prices in this way?"

    The indestructible Ahmad Chalabi, a longtime favorite of Donald Rumsfeld and Dick Cheney, replaced al-Uloum.
    The Bush Administration is four-square behind the IMF deal.

    "This arrangement will underpin economic stability and help lay the foundation for an open and prosperous economy in Iraq," said U.S. Treasury Secretary John Snow.

    What it is actually underpinning is economic instability. "It's crazy, socially and politically," Robert Mabro, former chairman of the Oxford Institute of Energy Studies, told the LA Times.

    Even the Pentagon's "National Strategy for Victory in Iraq" recognized the need for "balancing the need for economic reform—particularly of bloated fuel and food subsidies—with political realities."

    But "political realities" on the ground—such as inciting riots and increasing discontent—don't appear to concern Bush.

    For the Bush Administration, the endorsement of the IMF price increase represents a schizophrenia that's almost clinical.

    Bush is desperate to rescue his floundering Iraq policy, and yet backing the IMF plan is like throwing a drowning patient both ends of a lifeline.

    The Iraqi people are sick and tired of the U.S. occupation already, to put it mildly.

    Now that they are seeing their standard of living plummet, thanks to the IMF, they are going to be even more irate at the United States, which they know controls the IMF.

    Caught between deciding whether to try to win hearts and minds or whether to cling to free market fantasies, Bush has once again chosen to live in fantasyland.

    © 2006 The Progressive

    Reprinted from:
    www.progressive.org/mag_wx010306

     
    Related Links
    · More about Iraqis Protest
    · News by ZeberuS


    Most read story about Iraqis Protest:
    George Galloway: 'The Iraq war has scarred the world'


    Article Rating
    Average Score: 5
    Votes: 1


    Please take a second and vote for this article:

    Excellent
    Very Good
    Good
    Regular
    Bad


    Options

     Printer Friendly Printer Friendly



    Homepage | Trinidad News | Africa Speaks | U.S.Crusade | Fair Use Notice


    Copyright © 2002-2014 Trinicenter.com
    Trinicenter.com is a 100% non-profit Website
    You can syndicate our news using the file backend.php or ultramode.txt
    All logos, trademarks, articles and comments are property of their respective owners.
    PHP-Nuke Copyright © 2004 by Francisco Burzi. This is free software, and you may redistribute it under the GPL.
    PHP-Nuke comes with absolutely no warranty, for details, see the license.
    Page Generation: 0.18 Seconds