“After twenty years of service, I am ashamed to have had any association with the Fund at all.“

No, the “Fund” is not Bain Capital, despite what Obama and his minions would have you believe. Nor is it a private enterprise creation. It is a government-created fund of the worst kind — an intergovernmental creation, a globalist creation. It is the International Monetary Fund and the man quoted above, Peter Doyle, just resigned.

The IMF is little different from any other government agency. It is rife with favoritism, political correctness and overpaid personnel who do not work very hard at the jobs assigned them. Not all personnel fit that description. All bureaucracies do fit that description!

The nature of government agencies is to become self-serving for government leaders and government employees. After a time, no matter how well-intentioned a creation, it becomes corrupted.

To see the letter submitted by Mr. Doyle, go to Zerohedge.com.

Few are surprised regarding the IMF. The One-Worlders must be deeply disappointed as many viewed this organization as the potential entity to become the World Central Bank in their one-world government fantasies.

The Daily Bell speculates further regarding Mr. Doyle’s motives, including the possibility of a scandal regarding price-rigging in the gold and silver markets.

The lesson to be learned here has little to do with the IMF. It pertains to every government entity. Power corrupts and does so increasingly over time. Older institutions should be suspected as being the most corrupt.