Following a July 12 report from the Financial Times that senior Pakistani finance officials were drawing up options for Pakistan’s new prime minister Imran Khan to seek an IMF bailout of up to $12 billion, U.S. Secretary of State Mike Pompeo warned against providing an International Monetary Fund bailout for Pakistan’s new government that includes […]
Venezuela Inflation Set to Reach 1 Million Percent, IMF Says…
The International Monetary Fund reported on Monday that Venezuela’s crippling inflation could top 1 million percent by the end of the year, as its economy continues to worsen. The South American nation finds itself in a political and economic crisis that has led to more than a million fleeing the country since 2015. “We expect […]
IMF Director Christine LaGarde Is Out, Investment Banker Mark Rosen In…
On Wednesday, President Donald Trump selected Connecticut businessman and former investment banker Mark Rosen to be the new executive director of the International Monetary Fund (IMF). Rosen is “currently chairman of Latin America investment banking at Bank of America Merrill Lynch,” the White House said in a statement. Rosen has over 30 years of experience […]
Cryptocurrency Regulation Is ‘Inevitable,’ Says IMF Boss Lagarde…
It’s only a matter of time before cryptocurrencies come under government regulation, according to the head of the International Monetary Fund (IMF) Christine Lagarde. “It’s inevitable,” she told CNNMoney, adding “It’s clearly a domain where we need international regulation and proper supervision.” She also noted that “there is probably quite a bit of dark activity […]
Poland Says No Thanks to $9.2B Credit Line from IMF…
Warsaw will withdraw from the International Monetary Fund’s precautionary Flexible Credit Line (FCL) worth billions of dollars, according to the country’s finance ministry. “We are resigning from a $9.2 billion credit line from the IMF. The Polish economy is in such a good situation that we can do it,” the ministry quoted Finance Minister Mateusz […]
Dear President Trump: America is in for a Rude Awakening in January…
Dear President Trump, Over the last couple of years I’ve been all over TV… from Fox News to CNBC, CNN and Bloomberg. I’ve been telling our fellow Americans that the financial global elite was planning to issue their own globalist currency called special drawing rights, or SDRs…
China Begins to Reset the World’s Reserve Currency System…
A report released by the Nikkei Asian Review indicates that China is prepared to release a yuan-denominated oil futures contract that is convertible (backed by) physical gold. The contract will enable China’s largest oil suppliers to settle oil sales in yuan, rather than in dollars, and then convert the yuan into gold on…
Why Greece Is Germany’s ‘De Facto Colony’…
For days, the Greek leader has been working the phones, trying to secure the best possible terms for his country as it enters the last mile of its seemingly endless cycle of bailouts. So far, his efforts have won him more mockery than respect — especially in Germany. “He keeps calling the whole time, and […]
IMF REPORT: U.S. Corporate Debt Could Be Trump’s Waterloo…
As U.S. equity markets continue to price to perfection a grab bag of promised corporate giveaways from their Best Forever Friend, President Donald Trump, a group of researchers at the International Monetary Fund (IMF) had the temerity to ask last month – what could possibly go wrong. In their April 2017 “Global Financial Stability Report,” […]
IMF Tells Governments How to ‘Subvert’ Public Resistance Against Elimination of Cash…
The International Monetary Fund (IMF) in Washington has published a Working Paper on “de-cashing”. It gives advice to governments who want to abolish cash against the will of their citizenry. Move slowly, start with harmless seeming measures, is part of that advice. In “The Macroeconomics of De-Cashing”, IMF-Analyst Alexei Kireyev recommends in his conclusions…