The arrogance of those in power is typically beyond belief. Those in the International Monetary Fund have been so biased that their own refusal to review what is going on within Europe has been a great contributor to the demise of the Eurozone. It has now been acknowledged that the IMF’s top staff misled their own board based upon biased misjudgments concerning Greece. Their pro-euro stance blinded them, for they never considered that the structure of the Eurozone might be wrong. They ignored all the warning signs of an impending crisis because they simply never understood modern monetary/currency theory. The IMF lacks anyone with basic trading experience on how the currency markets function and that is the cause of this problem.

The IMF’s tangled political role in the Eurozone debt crisis as a member of the Troika has created a damaging episode in the history of Europe. The IMF’s watchdog has described the organization as having a “culture of complacency” prone to “superficial and mechanistic” analysis. The watchdog traces a shocking breakdown in the governance of the IMF, leaving it unclear who is ultimately in charge of this extremely powerful organization. Now with Christine Lagarde ordered to stand criminal trial in France, the board has once again ignored its duty and merely said it stands by her.

The entire policy of negative interest rates has devastated savings and ruined the banking system. Month after month has gone by without any recovery, yet the policies are never reviewed – they are always assumed to be correct. The IEO report has blasted its own process. It reported that many documents were prepared outside the regular established channels; written documentation on some sensitive matters could not be located.

In a truly astonishing admission, the IEO report stated plainly that its own investigators were unable to obtain key records or penetrate the activities of secretive “ad-hoc task forces,” but would not name who was behind the obstruction to hide the truth. We are witnessing a degree of corruption within government that is worldwide.

Merkel refuses to admit that she is wrong and will not reverse her refugee policy despite all the problems, attacks, rapes, and terror. This is the precise reason why career politicians are no longer acceptable. They will never defend the people nor will they ever admit a mistake. All we see is more and more attacks and this one politicians is threatening to destroy the very framework of Europe. We will see more and nations raise borders and if Germany wishes to take in millions, they will have to keep them all for themselves. She is making a decision for all of Europe and this amounts to a completely undemocratic position whereby no citizen of any other member States has any right to object or vote her out of office.