“I became convinced that the advanced industrial countries, through international organizations like the International Monetary Fund (IMF), the World Trade Organization (WTO), and the World Bank, were not only not doing all that they could to help these [developing] countries but were sometimes making their life more difficult. IMF programs had clearly worsened the East Asian crisis, and the "shock therapy" they had pushed in the former Soviet Union and its satellites played an important role in the failure of the transition.”
“But what will happen, and I got this from reliable sources, is that the International Monetary Fund will skedaddle from D.C., possibly to Singapore or Beijing, and then they're going to make an IMF recovery plan for America, divide the country into concessions, and hand them over to the sovereign wealth funds. Norway, China, Saudi Arabia, all that jazz.”
“...while the IMF certainly failed the people of Asia, it did not fail Wall Street - far from it. The hot money may have been spooked by the IMF's drastic measures, but the large investment houses and multinational firms were emboldened...These fun-seeking firms understood that as a result of the IMF's "adjustments," pretty much everything in Asia was now up for sale - and the more the market panicked, the more desperate Asian companies would be to sell, pushing their prices through the floor.”
“I don't care a damn about men who are loyal to the people who pay them, to organizations...I don't think even my country means all that much. There are many countries in our blood, aren't there, but only one person. Would the world be in the mess it is if we were loyal to love and not to countries?”
“Alfred," Merryweather said. "OIPEP is the only organization of its kind in the world, with practically unlimited resources and an intelligence network that spans every country in the planet. We shall do what any powerful, multinational bureaucracy would do in such a crisis. We shall hold a meeting!”
“China's internal divisions have made it far harder to strike the kind of deals that made it possible for the two countries to open up diplomatic relations decades ago or get China entry into the World Trade Organization. If Nixon were going to open China today, the Interior Ministry would probably get into an argument with the Chinese president's office about whether to let Air Force One land, and then demand the plane's antimissile technology as the price for refueling”