The IMF Has Arranged Financial Doom for the EU

The financial doom will be when every insolvent nation demands the same bailouts that Greece is getting, even though they are too big to bail. “Tyler Durden” at Zero Hedge asks, “Did The IMF Just Open Pandora’s Box?” By now it should be clear to all that the only reason why Germany has been so steadfast in its negotiating stance with Greece is because it knows very well that if it concedes to a public debt reduction (as opposed to haircut on debt held mostly by private entities such as Read more […]

IMF Wouldn’t Be Suggesting Such Bold Robberies if They Weren’t Desperate for Your Cash

Most Americans simply can’t wrap their heads around the brutal side of socialistic thinking. The West was founded on Biblical ideals, including “You shall not steal.” Socialists, however, come from an entirely opposite worldview where private property is an illusion—everything, including people, belongs to the State. Keep repeating the phrase: Change has come to America. We are transitioning to an entirely new way of ethical thinking where financial and political leaders actually believe they’re Read more […]

CNN Money, IMF Blame “Freeze” for Exposing Unwarranted Optimism about U.S. Economy

Of course, they don’t admit that all their earlier economic predictions for 2014 were regime propaganda to get you to help stimulate the economy through delusional exuberance. No, no. The financial industry is full of objective and impartial witnesses who merely failed to predict… the weather. You can’t make this stuff up. We live in society dedicated to patching illusions no matter how many holes appear in them. CNN Money: “U.S. Economy: Not Looking So Good.” When it comes to the Read more […]

Banks Demonstrate They Are Our Government

I am shocked. Shocked, I tell you. From Australian ABC News: “Billions in hidden subsidies going to too-big-to-fail banks.” As the first round of submissions to the Federal Government’s Financial Systems Inquiry closed this week there was a timely reminder that the fundamental cause of the global financial crisis is still deeply embedded in the banking system. The world’s wealthiest and most powerful banks still operate behind the shield of being “too-big-to-fail” (TBTF), an issue that former Read more […]

IMF Rushing To Deepen Debt Hole For Ukraine To Bail Out Foreign Investors

We warned this was going to happen. From CTV News: The International Monetary Fund on Thursday pledged $18 billion in loans to prop up Ukraine’s sinking economy, as the nation’s prime minister forecast more pain ahead without reforms that will affect nearly everyone in the country. In a lengthy and passionate address to parliament, Arseniy Yatsenyuk warned that Ukraine was “on the brink of the economic and financial bankruptcy” and laid out details for fixes needed to put the country back on track, Read more […]

From The Russian Bear Into The Loving Embrace Of The IMF? Or Is That A Chokehold?

Via Associated Press: The International Monetary Fund will answer Ukraine’s call for financial help “at this critical moment in its history,” fund chief Christine Lagarde said Thursday. In the IMF’s first official statement on Ukraine since the country’s political crisis intensified last week, Lagarde said a fact-finding team will go to Kiev in the coming days to assess the financial needs. “We are ready to respond,” she said. The mission will help the IMF understand the economic situation and Read more […]

IMF: Entire World Needs To Stay High On American Monetary Heroin

File this under: we are ruled by morons. Also under: we are ruled by morons who are trapped and don’t have any solutions. From Associated Press: The International Monetary Fund’s managing director warned Saturday of the risks posed to global economic recovery from the reduction of the U.S. Federal Reserve’s monetary stimulus and falling prices in the eurozone. Despite growing evidence the global economy is faring better than it has for years, Christine Lagarde said policymakers around the Read more […]

Four Horsemen In View In IMF Report

The hoof beats are growing louder and louder… I’ve been warning my Facebook friends about it since well before it was being talked about publicly, and now… one of the most well-known economics journalists in the world has blown the trumpet. From the Telegraph, Ambrose Evans-Pritchard: “IMF paper warns of ‘savings tax’ and mass write-offs as West’s debt hits 200-year high.” Much of the Western world will require defaults, a savings tax and higher inflation to clear the way for recovery Read more […]

Our International Leaders Are Parasite Pirates: Want 71% Top Income Tax Rate & Worse

As you may have noticed, the economy of not only the US but the world has been suffering for the last few years. Obviously we need economic growth. But it isn’t obvious to our international ruling class. The only problem they see with the economic hard times is that the government is not able to squeeze more revenue out of the populace to use as leverage for more debt and spending. From the Wall Street Journal: In his November investment commentary for bond giant Pimco, Mr. Gross asks the Read more […]

Greeks Getting More Pressure To Let Foreign Governments Make Their Laws

The fog of misinformation never ends. From the Chicago Tribune: Inspectors from the EU and IMF have postponed a planned visit to Greece, officials told Reuters on Friday, a move that marks a new low in relations between the parties and could delay aid payments to Athens. The Greek government said it still expects differences with the troika to be bridged. The decision to postpone the visit may be an attempt by the European Central Bank, European Commission and International Monetary Fund – together Read more […]

Barack Obama: NSA, Stop Spying on IMF and World Bank

Reuters reported last night: President Barack Obama has ordered the National Security Agency to stop eavesdropping on the headquarters of the International Monetary Fund and World Bank as part of a review of intelligence gathering activities, according to a U.S. official familiar with the matter. The order is the latest move by the White House to demonstrate that it is willing to curb at least some surveillance in the wake of leaks by former NSA contractor Edward Snowden of programs that collect Read more […]

Reuters Proves That Lunatics Run Planet

How could I disagree with this headline? “Analysis: Washington becomes the biggest risk to the U.S. economy.” Because it isn’t actually an analysis of Washington’s toxic destruction of the world economy; it is an attack on anyone who might do anything to try to fix it. Consensus may be hard to find in Washington these days, but many corporate executives and economists seem to agree on one point: the biggest risk to the world’s largest economy may be its own elected representatives. Down-to-the-wire Read more […]