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Tag Archives: international monetary fund
A Review of “The Production of Money” and Reflection on the Climate Movement
A Review of “The Production of Money” and Reflection on the Climate Movement “…over the past few months the IMF has been sending warning signals about the state of the global economy. There are a bunch of different macroeconomic developments that signal we could be entering into another crisis or recession in the near future. One […]
Genocide of the Greek Nation
Genocide of the Greek Nation The political and media coverup of the genocide of the Greek Nation began yesterday (August 20) with European Union and other political statements announcing that the Greek Crisis is over. What they mean is that Greece is over, dead, and done with. It has been exploited to the limit, and […]
Looks Like Italian Default is Back on the Menu
Looks Like Italian Default is Back on the Menu Italian Deputy Prime Minister Matteo Salvini was right to call out the EU over the failure of the bridge in Genoa this week. It was an act of cheap political grandstanding but one that ultimately rings very true. It’s a perfect moment to shake people out of […]
Oil Prices At Risk Of Economic Downturn
Oil Prices At Risk Of Economic Downturn Oil prices have retreated as disrupted supply from Libya has started to come back online, threatening the recent gains in oil prices. But a bigger threat to crude over the second half of 2018 and into 2019 is a slowdown in the global economy. The International Monetary Fund […]
Argentina Blew A Billion Dollars To Rescue The Peso On Friday… And Failed
Argentina Blew A Billion Dollars To Rescue The Peso On Friday… And Failed Even Eva Peron would be crying… The last 24 hours have not been great for Argentina. First – despite endless jawboning about The IMF bailout and how it will secure the nation’s future and enable reforms, the currency collapsed to a new […]
Greece Economic Crisis Declared Over: It Isn’t
Greece Economic Crisis Declared Over: It Isn’t Mainstream media is all aglow over the alleged end of the Greek economic crisis. Mainstream media is wrong. RTE says Greece Crisis Declared ‘Over’ as Eurozone Agrees on Debt Relief The BBC says Greece Hails ‘Historic’ Debt Relief Deal The Financial Times says EU Commissioner Calls End to […]
Argentina Peso Plunges To New Record Low
Argentina Peso Plunges To New Record Low Last night, Argentina got 50 billion pieces of good news, when the IMF agreed to provide the troubled Latin American nation with a $50BN standby loan, the largest even in IMF history. It also got some bad news, when the central bank announced it would remove the 25/USD […]
Argentina Bailed Out With Biggest Ever Loan In IMF History
Argentina Bailed Out With Biggest Ever Loan In IMF History Just a few weeks after Argentina became ground zero for the coming Emerging Market crisis, when its currency suddenly collapsed at the end of April amid soaring inflation, exploding capital outflows and a central bank that was far behind the curve (as in “13% of […]
Banking System Has Huge Problem – Peter Schiff
Banking System Has Huge Problem – Peter Schiff Money manager Peter Schiff says even though Deutsche Bank is the most systemically dangerous bank in the world (according to the IMF), that is just the tip of severe global financial problems. Schiff explains, “I think it’s a problem, and it’s not just Deutsche Bank. Deutsche Bank […]
Argentina Seeks IMF Financing Following Yesterday’s Hike in Rates to 40%.
Argentina Seeks IMF Financing Following Yesterday’s Hike in Rates to 40%. Argentina once again seeks help from the IMF following yesterday’s 40% interest rate hike. Last year, Argentina was a favorite destination for investors. This year, Argentina is facing yet another currency crisis. A run on the Peso started last month as investors soured on […]
What Could Dethrone the Dollar as Top Reserve Currency?
What Could Dethrone the Dollar as Top Reserve Currency? Central banks seem leery about the Chinese yuan. What will finally pull the rug out from under the dollar’s hegemony? The euro? The Chinese yuan? Cryptocurrencies? The Greek drachma? Whatever it will be, and however fervently the death-of-the-dollar folks might wish for it, it’s not happening […]
Central Bank Money Rules the World
Central Bank Money Rules the World Central bank credit that supports markets — is not just creation of the Fed, but by central banks and institutions around the world colluding together. Global markets are too deeply connected these days to consider the Fed in isolation. Since last month’s correction, the world has been watching the […]
Then They Came for the Globalists
Then They Came for the Globalists Photo by Francisco Osorio | CC BY 2.0 Thank God for the corporate media. If it wasn’t for them, and the ADL, I’d have probably never discovered that I’m a Nazi. Apparently, I’ve been one for quite some time … which is weird, as I had no idea. Here […]
Consumers In Surprising Places Are Borrowing Like Crazy
Consumers In Surprising Places Are Borrowing Like Crazy The Money Bubble is inflating at different speeds in different places. But apparently no culture is immune: Household Debt Sees Quiet Boom Across the Globe (Wall Street Journal) – A decade after the global financial crisis, household debts are considered by many to be a problem of […]
Global Growth? Retail Sales Flop in US, UK, Canada, Germany, Australia
Global Growth? Retail Sales Flop in US, UK, Canada, Germany, Australia Consumers unexpectedly threw in the towel in 5 countries but the central banks and the IMF insist everything is fine. On February 14, I noted US Retail Sales Dive, Negative Revisions Too. This will impact both 4th quarter and first quarter GDP estimates. On […]
