Tag Archives: imf

Business/Economics, International, U.S.

IMF warns World economies of Trump regime!

21 December 2016 (01:35 UTC-07 Tango 06) 01 Dey 1395/21 Rabi ‘al-Awwal 1438/23 Geng Zi 4714

“The timing of the abrupt asset-price movements—coming within days of the U.S. election—is the key clue about what moved markets. The election of Donald Trump as president, coupled with continuing Republican control of the Congress, ended six years of divided U.S. government.

………More rapidly rising U.S. interest rates signal further dollar appreciation. Tax incentives for U.S. corporation to repatriate their past profits held abroad, which some estimate at $2.5 trillion, could also push the dollar up. Given faster demand growth, the outcome will be a widening U.S. current account deficit, that is, more borrowing from abroad. Some of it will possibly finance a growing Federal fiscal deficit, depending on the precise features of the U.S. fiscal package, the extent to which it is paid for by budget cuts elsewhere, the path of government borrowing rates, and the economy’s growth response.

……..If sharp exchange rate shifts and growing global imbalances follow the U.S. policy regime change, protectionist pressures become a major risk…….it is most likely that emerging market economies are the main targets for higher trade barriers erected by advanced economies.

Governments should therefore keep in mind that protection is likely to be counterproductive at home……In an environment of sharply divergent policy mixes, as we may now be facing, the rules of the global trading system will be more important than ever.”–Maurice Obstfeld, International Monetary Fund Economic Counsellor and Director of Research,  and Professor of Economics

International

Destroy U.S. Dollar: IMF welcomes Chinese yuan!

01 December 2015 (00:56 UTC-07 Tango 01)/10 Azar 1394/18 Safar 1437/20 Ding-Hai 10th month 4713

“In the next ten to 20 years it will be the currency of the world.”-Helen Mak, Hong Kong business woman

Washington DC based International Monetary Fund (IMF) now includes the Chinese yuan-renminbi-RMB as part of its Special Drawing Rights reserve currencies.  This is monumental considering the Chinese government began promoting the yuan for global trade just eight years ago.

The IMF is giving the yuan a ‘weight’ of 3rd, right after the U.S. dollar and European Union euro.  Japan’s yen is 4th.

Destroy U.S. Dollar: U.S. petrodollar meet the new Iran Petroleum Contract! 

International

False Flag: World Bank behind civil wars & Islamic State as French woman is kidnapped in Yemen! IMF puts UAE in charge of Arab Spring countries!

24 February 2015 (17:27 UTC-07 Tango 01)/05 Jumada I-Ula 1436/05 Esfand 1393/06 Wu Yin 4713

“The identity of the kidnappers is not yet known, but in general when foreigners are kidnapped it is a hallmark of al-Qaeda.”-Colonel Mohammad Hizam, Yemen Interior Ministry

Ever wonder why so many ‘western’ citizens are being kidnapped inside countries torn apart by civil wars?   The new question is what are employees, or contractors, of the U.S. based World Bank and International Monetary Fund (IMF) doing inside those same ‘governmentless’ countries?

In January the ‘western’-Saudi-Israeli backed government of Yemen was overthrown by Iranian backed Houthi rebels, not to be confused with the Saudi backed al-Qaeda-Islamic State DAISH (al-DawlA al-Islamiya al-Iraq al-SHam[Syria]) rebels in the same country (yeah notice they’re supported by the same people who supported the government?).  But that didn’t end the civil war, in fact the Obama regime increased drone strikes, and al-Qaeda-Islamic State groups in Yemen suddenly got more weapons-n-ammo and went on the warpath against the Houthis.

Basically their is no ‘western’ recognized government in Yemen, the Houthis are de facto government because they control the capital city Sana’a, yet that hasn’t stopped the New York City based World Bank from conducting business there.

On 24 February 2015 a French citizen working as a contractor for the World Bank was kidnapped, apparently by al-Qaeda-Islamic State types, while attending a meeting in the Houthi controlled Sana’a.

‘Western’ news reports say she is a 30 years old female contractor supposedly working for a World Bank “development project”.  The president of France, François Hollande, even admitted the contractor was on official business when she was kidnapped right in front of a government ministry building in Sana’a, along with her local translator.

In December 2014 the World Bank approved an “emergency”  $90-million USD grant (not a loan) to the ‘western’ backed government of Yemen.   Nobody knows what the overthrown ‘western’ government of Yemen did with the free money.  The World Bank calls such grants Emergency Support to Social Protection Project (ESSPP).  In other words, the World Bank gives free money to pro-‘western’ governments to fight civil wars.

The World Bank admits it has $3.3-billion worth of ‘development projects’ in Yemen.

Since the international overthrow of Muammar Gadaffi in Libya (by the way under his rule there were no ‘Islamic extremist terrorists’ active in Libya) the World Bank has begun at least $3-million worth of ‘development projects’, and isn’t it interesting that since the World Bank got involved the Islamic State (DAISH) in Libya has become a powerful force. In fact life in Libya for the average person has become a living nightmare!

In September 2014, the IMF approved a $553-million loan for the ‘western’ government of Yemen.  It’s part of a larger IMF operation called Arab Countries in Transition (ACT) which include all the countries that have experienced, at some level, a so called ‘Arab Spring’: Egypt, Jordan, Libya, Morocco, Tunisia, and Yemen.

Here’s something interesting, the Minister of Financial Affairs for United Arab Emirates (UAE) is considered the acting official for other Arab countries such as Bahrain, Egypt, Iraq, Jordan, Kuwait, Lebanon, Libya, Maldives (note this country was a British empire colony until 1965, Islamic but not necessarily Arab), Oman, Qatar, Syria and Yemen.  Note that those countries have their own governments, or de facto governments, and at least half are in the midsts of civil war.  Who gave the UAE the authority to represent those countries to the IMF?

Here’s what the UAE financial minister said during the 13th International Monetary and Financial Committee meeting in October 2014: “We therefore appreciate the key messages of the Managing Director’s Global Policy Agenda….For the countries in our constituency [notice this indicates the Arab World has already been divided up by the U.S. led IMF], we broadly concur with the assessment of a favorable but uncertain growth outlook given the exogenous [meaning they originated from outside he region] shocks and policy challenges…oil GDP growth has tapered in line with modest increases in global demand and rising supply in North America. These countries are pursuing strategies to rebalance growth towards more productive public spending and to strengthen the non-oil fiscal balance consistent with the objective of preserving the oil wealth for future generations…..the non-GCC [Gulf Cooperation Council] oil producing countries in our constituency (Iraq, Libya, Yemen), domestic strife has adversely affected both oil and non-oil production….We agree with the Fund’s view that domestic reform efforts can be supported by the international community through financing, investments, and enhanced access to markets. We welcome the Fund’s support for Arab Countries in Transition (ACTs) and substantial donor support from the region, and call on the Fund to scale up assistance to these countries….We appreciate IMF contributions to the ArabStat initiative ……as highlighted in the recently completed Triennial Surveillance Review.”-Obaid Humaid Al Tayer

U.S. ally Japan supplies Islamic State with convoys of new Toyotas! 

Business/Economics, International, U.S.

What Economic Recovery? IMF demands Japan raise taxes. It’s all about making investors happy, call it Global Vulture Capitalism!

12 June 2012, the International Monetary Fund (IMF) wants the Japanese federal government to raise sales taxes by a minimum of 15%.

The IMF issued a report to Japan, saying it was critical that “reforms” were made to social programs, and taxes.

Currently Japan has a 5% national sales tax, and the Diet (parliament) is considering raising it to 10%.  The IMF wants it to be 15% or more!

The IMF report reads very much like what is being imposed on people in several European countries, like Greece and Spain.

An IMF official admitted that it had nothing to do with saving governments, or helping citizens of affected countries, it was all about “investors”: “Japan must tackle its deep rooted fiscal problems. Passage of the current tax and social security reforms is thus crucial to demonstrate commitment to fiscal reform and thus to sustain investor confidence.”-David Lipton, First Deputy Managing Director IMF

Business/Economics, International, U.S.

What Economic Recovery? European economies crashing and burning! Greece -6.2% GDP! IMF wants Mo Money! China in trouble!

May 15, 2012, the Group of 20 industrialized countries (not for long maybe?) will be meeting in Mexico, in June.  Already Mexico and Japan are calling for G-20 members (mainly those of the BRICS: Brazil, Russia, India, China and South Africa) to give the U.S. based International Monetary Fund another $430 billion USD!!!

This is because the European economies are crashing and burning. Italy reported a minus 0.8% GDP for the January to March quarter. That’s three quarters in a row of declines! Spain reported a minus 0.3% GDP, for the second quarter in a row. But Greece reported a huge minus 6.2% GDP!!!

The only “good” news came out of Germany, which reported a stagnant 0.5% GDP. And Germany is supposed to be the economic powerhouse of Europe!  Of course main stream western media reporting it as a “bounce back” in the economy, idiots!

Overall, the entire 17 member European Union reported a stagnant 0% GDP for January to March 2012!

To make matters worse, China is reporting that European investment into China has declined for six months in a row!  Chinese officials admitted that their country’s explosive economic growth can only be driven by foreign investment (like unAmerican Corporate America shipping U.S. jobs to China).

From January to April 2012, European investment into China dropped 28%.

 

 

International, U.S.

What Economic Recovery? IMF accepts Chinese Yuan policy against U.S. dollar, Japan loans IMF billions to bail out Europe, IMF says it’s not enough!

April 15, 2012, Japanese Finance Minister Jun Azumi, announced that Japan will lend $50 billion USD to the International Monetary Fund (IMF) to help bail out the European economies.

The IMF says at least $500 billion USD is now needed to bail out Europe!

On April 14, IMF managing director Christine Lagarde, said she welcomes the Chinese Yuan:  “I would like to welcome this important step by the People’s Bank of China to increase the flexibility of their currency. This underlines China’s commitment to re-balance its economy toward domestic consumption and allow market forces to play a greater role in determining the level of the exchange rate.”

The Bank of China said it will allow the value of the yuan to fluctuate by at least 1%, against the U.S. dollar, when international markets open on Monday.  Up ’till now the Chinese central bank has allowed only a half percent fluctuation.

However, some analysts say allowing the value of the Chinese yuan to fluctuate more could result in even more volatility/instability for world markets.

 

Business/Economics, International, U.S.

Financial Incompetence: After ratings agencies declare Greece in default, IMF offers yet another billion dollar loan!

March 10, 2012, just hours after Moody’s declared Greece in full default the U.S. based International Monetary Fund offers Greece another multi-billion Euro loan.

Moody’s declared Greece in full default after Greece agreed to a new sovereign debt (government bonds) swap deal, which will see 53% of Greece’s debt erased.  Many holders of Greek bonds will be forced to take losses.

Now Christine Lagarde, Managing Director of the IMF, is offering Greece a U.S. $36.7 billion loan.  That’s on top of the other loans Greece is still waiting for.

So credit ratings companies are saying Greece is not in a position to pay back more debt, yet the U.S. led world finance institutions are offering Greece more debt?  By the way, the  IMF had to borrow that money from BRICS!   In 2011, for the first time in the IMF’s history they were broke, and went ‘cap in hand’ to BRICS (Brazil, Russia, India, China and South Africa) to beg for money, so they could in turn lend it to Western countries.

 

Business/Economics, International, U.S.

Conspiracy to Privatize: Too Big to Fail European Banks get huge cheap loans as Greece is hung out to dry

While European and IMF officials continue to string Greece along, regarding bailout loans, Europe’s too big to fail banks get billions in easy money!

The European Central Bank (ECB) has just issued the equivalent of U.S. $712.4 billion in cheap loans!  ECB officials said it is to help improve liquidity in the markets.  But the same would happen if Greece was given bailout loans!

This is the second time the ECB has issued cheap loans to too big to fail banks!  In December 2011, the ECB issued U.S. $657.9 billion at 1% interest.  Again, this while the ECB and the U.S. based IMF strung Greece along.

Many Greeks now believe what’s happening to their country is a conspiracy to force total privatization upon them.

Business/Economics, International

What Economic Recovery: G20 says no more money for the IMF, until Greece makes even more draconian cuts! Wants U.S. to end Volcker Rules!

27 February 2012

The Group of 20 finance ministers and central bank chiefs, meeting in Mexico, said they will not provide the International Monetary Fund anymore money until Europe, specifically Greece, makes more even drastic government cuts.

This follows reports that the World Bank will issue a report warning China to privatize its remaning government held businesses.  Many analysts believe what the G20 really wants is total privatization of governments.

Yesterday I speculated that the problems of Greece are actually related to its lack of participation in the developing of the Leviathan gas and oil fields. Greece is also being pushed to privatize many government services.

The G20 also demanded that the United States back off of its Volcker banking rule, which was created to tighten the regulation of runaway too big to fail banks!  The Volcker rule is supposed to stop banks from using customer deposits to make investments strictly for the banks own profit! G20 officials claim the Volcker rule are interfering with international banking!

The Volcker rule doesn’t even go into effect until July, 2012!

 

 

Business/Economics, International, U.S.

Global Economic War: CELAC & BRICS tells IMF no more money until you reform, no help for Europe until IMF reforms

“The emerging markets will only help once two conditions are met…they reinforce the firewall, which means doing more than what they’re doing with the European fund of stability… and on top of that….they carry out the reform of the International Monetary Fund.”-Guido Mantega, Finance Minister of Brazil

CELAC (Comunidad de Estados Latinoamericanos y Caribeños, or Community of Latin American and Caribbean States) and BRICS (Brazil, Russia, India, China and South Africa) are telling the U.S. based IMF that if it wants any more money to help Europe, it needs to clean up its act!

One of the reforms CELAC & BRICS are demanding is that they have more say in how the IMF is managed.