US$ 2 trillion lost to bribery and corruption every year, (2% of global GDP), claims

[mick silver]

US$ 2 trillion lost to bribery and corruption every year, (2% of global GDP), claims IMFBy Ian Greenhalgh (http://www.veteranstoday.com/author/iangreenhalgh/) on May 14, 2016
Bribery and corruption cost the world economy as much as US$2 trillion every year, money that instead could be used to fight poverty, create jobs, and protect the environment. A new report by the International Monetary Fund says the money lost to corruption every year is 2% of the global GDP.
http://www.veteranstoday.com/wp-content/uploads/2016/05/Lagarde-Christine-640x360.jpg (http://www.veteranstoday.com/wp-content/uploads/2016/05/Lagarde-Christine.jpg)Christine Lagarde said direct economic costs of corruption are clear, but indirect costs may be even worse “leading to low growth and greater income inequality.”


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Mercopress
US$ 2 trillion lost to bribery and corruption every year, (2% of global GDP), claims IMF (http://en.mercopress.com/2016/05/14/us-2-trillion-lost-to-bribery-and-corruption-every-year-2-of-global-gdp-claims-imf)IMF chief says the direct economic costs of corruption are clear. But the indirect costs may be even worse “leading to low growth and greater income inequality.“
”It undermines trust in government and erodes the ethical standards of private citizens,“ she said this week in London.
Lagarde says investors look for countries whose public officials are high on the integrity list because they want assurances they will not have to constantly pay bribes.
The IMF defines corruption as ”an abuse of public office for private gain.” But it also includes tax evasion and arbitrary tax exemptions that give citizens little incentive to pay taxes themselves.
Bribery and corruption weaken banking systems and shut people out of the financial markets.
The IMF also says the social and environmental costs of corruption are significant, leading to poorly enforced regulations, more pollution, and destruction of natural resources.
The report recommends nations adopt international standards for fiscal and financial transparency to fight corruption and make the threat of prosecution for such crimes credible. It also calls a free press a key player in uncovering the problem.



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[Neuro]

If you include the inherent corruption within the central bank system and those within the financial sector primarily and to a large extent the global corporations reaping the advantage of the blatant abuse. I would say you have corruption surpassing 20% of GDP or $20 Trillion. The Jew Lagarde would certainly not mention any of that, as she is a prime beneficiary, instead choosing to go after the small-time crooks, that certainly has a great impact in some places (Turkey comes to mind), and not much in others (Sweden for instance). However countries that have more honest public officials, do tend to have more of the magnitude more expensive financial systemic corruption, as they through supernational agreements have adopted the NWO globalist agenda, serving its Talmudist masters.

[vacuum]

If you include the inherent corruption within the central bank system and those within the financial sector primarily and to a large extent the global corporations reaping the advantage of the blatant abuse. I would say you have corruption surpassing 20% of GDP or $20 Trillion. The Jew Lagarde would certainly not mention any of that, as she is a prime beneficiary, instead choosing to go after the small-time crooks, that certainly has a great impact in some places (Turkey comes to mind), and not much in others (Sweden for instance). However countries that have more honest public officials, do tend to have more of the magnitude more expensive financial systemic corruption, as they through supernational agreements have adopted the NWO globalist agenda, serving its Talmudist masters.

Just the 3% that credit card companies skim off the top of every transaction is enormous.

[Neuro]

Just the 3% that credit card companies skim off the top of every transaction is enormous.

Indeed, and that is probably a reason for the move towards cashless society!