Tag: IMF

The Central Bank Power Shift from West to East, Game of Thrones Style

The Central Bank Power Shift from West to East, Game of Thrones Style

The Fed clings to status quo. Other central banks are vying to knock it down, or at least loosen its grip on them. But the Fed behaves as if it has no idea there are other powerful central banks that want to grab and harness its power. It carries on refusing to acknowledge that there may come a time, sooner rather than later, where its power is attacked.

Brexit and the diseased liberal mind

Brexit and the diseased liberal mind

The enraged liberal reaction to the Brexit vote is in full flood. The anger is pathological – and helps to shed light on why a majority of Britons voted for leaving the European Union, just as earlier a majority of Labour party members voted for Jeremy Corbyn as leader.

The IMF Changes its Rules to Isolate China and Russia

The IMF Changes its Rules to Isolate China and Russia

In this U.S.-centered worldview, China and Russia loom as the great potential adversaries – defined as independent power centers from the United States as they create the Shanghai Cooperation Organization as an alternative to NATO, and the AIIB as an alternative to the IMF and World Bank tandem. The very name, Asian Infrastructure Investment Bank, implies that transportation systems and other infrastructure will be financed by governments, not relinquished into private hands to become rent-extracting opportunities financed by U.S.-centered bank credit to turn the rent into a flow of interest payments.

Eurozone Minister Comes Clean About Austerity

Eurozone Minister Comes Clean About Austerity

When the banking system becomes too big to bail, the moral hazard trade that started it all becomes systemic “immoral hazard”—an extortion racket aided and abetted by the very politicians elected to serve our interests. When that trade takes place in a set of institutions that is incapable of resolving the crisis it faces, the result is permanent austerity.

Varoufakis Keeps Greece in the Eurozone, by its Fingernails

Varoufakis Keeps Greece in the Eurozone, by its Fingernails

a slow motion bank run has been underway in Greece for more than a month draining roughly 40 billion euros from the Greek banking system. If a deal hadn’t been struck on Friday, the ECB would have pulled the plug on its liquidity assistance program and blown the whole system to kingdom come. That’s how the Eurocrats planned to say goodbye to their long-struggling member, Greece, by giving them a sharp jolt to the groin before razing their economy to the ground

The Greek Tragedy: Some things not to forget, which the new Greek leaders have not

The Greek Tragedy: Some things not to forget, which the new Greek leaders have not

I believe Syriza is sincere, and I’m rooting for them, but they may have overestimated their own strength, while forgetting how the Mafia came to occupy its position; it didn’t derive from a lot of compromise with left-wing upstarts. Greece may have no choice, eventually, but to default on its debts and leave the Eurozone. The hunger and unemployment of the Greek people may leave them no alternative.

West Guilty Of Ukraine War Crimes

West Guilty Of Ukraine War Crimes

The Western media reported that Kiev regime’s shelling of Donetsk city halted last weekend…
Shelling of civilians, which has been routine over the past 10 months, constitutes a grave war crime on the part of Kiev’s military forces and their commanders. Yet this is never said in the Western media.