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Tag Archives: international monetary fund
The FED v Bias & Prejudice
The FED v Bias & Prejudice COMMENT: If the Fed is so smart and understands the problem with low/negative interest rates, then why didn’t it hike rates in September? Better yet, why didn’t they raise rates YEARS ago? The Fed has kept rates near zero for seven years but now suddenly realizes that this is a […]
Good-Bye To Western Living Standards
Good-Bye To Western Living Standards My column, “Capitalism At Work,” about Greek women being forced into prostitution by banksters and the IMF produced a number of responses from women, who report that austerity is having the same effect all over Europe. This is from a letter from Portugal: “Your article ‘Capitalism At Work’ shows absolutely […]
The Right Price for Preserving Our Climate
The Right Price for Preserving Our Climate WASHINGTON, DC – When world leaders convene in Paris this week for the United Nations Climate Change Conference, their task will be to reach a global agreement on curbing greenhouse-gas emissions. A successful outcome, demonstrating that countries can work together for the good of the planet, would send […]
USA Losing Sovereignty to World Fiscal Mismanagement
USA Losing Sovereignty to World Fiscal Mismanagement The IMF and many economists (domestic and foreign) are now warning that a rate hike by the U.S. Federal Reserve, no matter when, will spark a major economic crisis in the emerging markets. They see this crisis being ripe for countries with high budget deficits, such as Turkey, […]
50 Ways to Leave the Euro: Greece and the Global Crisis
50 Ways to Leave the Euro: Greece and the Global Crisis A sticker reads “No” on the palm of a protester during a demonstration calling for a ‘No’ vote in the upcoming referendum in Athens on Jul 3, 2015. (Photo: AFP/Aris Messinis) The problem is all inside your head, I told the Greeks The answer is […]
IMF’s Lagarde Anoints Chinese Yuan. Will it Now Demolish the “Dollar Hegemony?”
IMF’s Lagarde Anoints Chinese Yuan. Will it Now Demolish the “Dollar Hegemony?” IMF boss Christine Lagarde is gung-ho about it. IMF staff is too. The Executive Board will consider it on November 30 and in all likelihood approve it. It will take effect in October 2016. Then it’s a done deal: the Chinese yuan will […]
Venezuela Liquidating Assets As Economic Crisis Worsens
Venezuela Liquidating Assets As Economic Crisis Worsens Venezuela is at a political crossroads, with an all-important parliamentary election set to take place in December. Meanwhile, the Venezuelan economy continues to deteriorate as the state seeks to stave off default and a brewing financial crisis. The state-owned oil company PDVSA is looking to push off debt repayments that […]
Venezuela Default Countdown Begins: After Selling Billions In Gold, Caracas Raids $467 Million In IMF Reserves
Venezuela Default Countdown Begins: After Selling Billions In Gold, Caracas Raids $467 Million In IMF Reserves In late October, when describing Venezuela’s desperate steps to keep itself afloat for a few more months, we reported that in order to fund $3.5 billion bond payments in early November, Maduro’s government had engaged in something that is the very […]
The Next Level of John Law Type Central Planning Madness
The Next Level of John Law Type Central Planning Madness Cries for Going Totally Crazy are Intensifying What are the basic requirements for becoming the chief economist of the IMF? Judging from what we have seen so far, the person concerned has to be a died-in-the-wool statist and fully agree with the (neo-) Keynesian faith, […]
Thousands reject the extractivist logic at the World Bank-IMF meeting in Peru
Thousands reject the extractivist logic at the World Bank-IMF meeting in Peru The annual governors’ meeting of the International Monetary Fund and the World Bank opened on October 5 in Peru’s capital city. In the meeting, an estimated 800 representatives from 188 countries were negotiating the shape of the world’s soon-to-be renovated finance infrastructure. While […]
Pension “Armageddon” Got Closer Today
Pension “Armageddon” Got Closer Today The IMF fears underfunded pension funds could be encouraged to chase returns through riskier investments such as direct credit exposure or by engaging in securities lending in order to improve their funding ratios….The IMF’s comments echoed similar warnings from the OECD in May, when the Paris-based body said pension funds’ move towards […]
The Trouble With Financial Bubbles
The Trouble With Financial Bubbles Very soon after the magnitude of the 2008 financial crisis became clear, a lively debate began about whether central banks and regulators could – and should – have done more to head it off. The traditional view, notably shared by former US Federal Reserve Chairman Alan Greenspan, is that any […]
Saudi Arabia’s fiscal break-even oil price to be around $US 100 mark for the foreseeable future
Saudi Arabia’s fiscal break-even oil price to be around $US 100 mark for the foreseeable future The latest IMF Article IV consultation report on Saudi Arabia was published on 9 September 2015. http://www.imf.org/external/country/sau/ Extract: Government spending has increased substantially in recent years. Consequently, the breakeven oil price rose to $106 a barrel in 2014 from $69 […]
The Numbers Say That A Major Global Recession Has Already Begun
The Numbers Say That A Major Global Recession Has Already Begun The biggest bank in the western world has just come out and declared that the global economy is “already in a recession”. According to British banking giant HSBC, global trade is down 8.4 percent so far this year, and global GDP expressed in U.S. dollars is […]
IMF Warns That We Have a New Crisis Coming
IMF Warns That We Have a New Crisis Coming QUESTION: Marty; You mentioned that you met with a board member of the IMF. It certainly seems you are having a much larger impact than you may realize. The IMF is now warning of a crash. Do you think you can help reverse the trend if given […]
