globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / August 27, 2014
IMF chief Christine Lagarde Under Formal Investigation in French fraud case.
IMF chief Christine Lagarde has been put under formal investigation by French magistrates for alleged negligence in a political fraud affair dating from 2008 when she was finance minister.
mises.ca / by David Howden / August 27th, 2014
The International Monetary Fund is warning that the world is at risk of “another devastating housing crash.”
This is true for instance for Australia, Belgium, Canada, Norway and Sweden,” he said.
zerohedge.com / by Tyler Durden / 08/27/2014 07:58 -0400
Ah, the perils of European power politics.
A day after France revealed its new government, the person who so eagerly stepped in after DSK’s infamous and choreographed fall from grace and the IMF presidency (not to mention his derailed French presidential [...]
globaleconomicanalysis.blogspot.com / Mike “Mish” Shedlock / August 25, 2014 12:17 AM
IMF to Fund Ukraine Wars?
Ukraine is bankrupt. It accepted an $18 Billion IMF Bailout in March, allegedly with strict conditions.
Do those conditions allow war funding?
I have to ask because Ukraine’s President Warns of ‘Constant Military Threat’ along [...]
thedailybell.com / By Staff Report / August 18, 2014
IMF tax bombshell: its plans for higher VAT and a property raid are wrong … The IMF’s suggestions for VAT would destroy any government that sought to implement them. The IMF, led by Christine Lagarde, has adopted a position which is [...]
goldstockbull.com / August 14th, 2014
The IMF and the World Bank will soon face a powerful competitor as the BRICS nations have recently agreed to establish their own £50 billion Development Bank and $100 billion Currency Exchange Reserve for its members. How will this affect the dollar and the current price of gold?
goldmoney.com / By Alasdair Macleod / 15 August 2014
All commodities and near-commodities are priced internationally in dollars, and the dollar is used for over 80% of cross-border trade settlements. Consequently the dollar is the base currency for all countries’ foreign reserves, giving it its reserve status. However, there are now challenges to the [...]
garynorth.com / Gary North / August 13, 2014
The SDR is a fake currency issued by the International Monetary Fund.
It was invented in 1969, the first year of the Nixon administration. It was a stop-gap measure to save the fixed exchange rate system of currencies, which [...]
teapartyeconomist.com / by Gary North on August 13, 2014
The SDR is a fake currency issued by the International Monetary Fund.
It was invented in 1969, the first year of the Nixon administration. It was a stop-gap measure to save the fixed exchange rate system of currencies, which came into existence in 1946, when the [...]
wolfstreet.com / by Don Quijones / August 12, 2014
Don Quijones, freelance writer, translator in Barcelona, Spain. Raging Bull-Shitis his modest attempt to challenge the wishful thinking and scrub away the lathers of soft soap peddled by political and business leaders and their loyal mainstream media. This article is a Wolf Street exclusive.
zerohedge.com / by Tyler Durden / 08/11/2014 10:18
With all eyes firmly focused on Ukraine’s borders and the bloodshed in the East as fighting rages, it appears few are paying attention to the ongoing collapse of the nation’s currency. The Hrynia just traded at new record lows this morning following NATO’s [...]
investmentwatchblog.com / August 11th, 2014
China’s renminbi is gaining traction as a global currency, which will pave the way for a multiple global reserve currency system. Discussed here by John Zhu, economist, Greater China, HSBC
The US dollar’s dominance in the global financial system remains. But, looked at [...]
blog.milesfranklin.com / Miles Franklin, Ltd / July 30th, 2014
Q: What is a bullion bank? The term is used all the time, but not defined as to what and who they are.
David Schectman’s Answer:
The Blanchard Company offers this explanation:
Bullion Banks: Smarter than the Rest of Us or [...]
washingtonsblog.com / July 25, 2014
By Prof Michel Chossudovsky, who runs Global Research and the Centre for Research on Globalization.
Ukraine’s Prime Minister Arseniy Yatsenyuk announced his resignation in the Rada (Parliament) and that of the entire Cabinet on Thursday, July 24. This decision was taken following the withdrawal of two parties from [...]
Arthur Rothstein Children of citrus workers, Winter Haven, Fla. Jan 1937
theautomaticearth.com / By Raúl Ilargi Meijer / July, 24, 2014
“The fact that the coalition has fallen apart, that laws haven’t been voted on, that soldiers can’t be paid, that there is no money to buy rifles, that there is no possibility to [...]
infowars.com / by PAUL JOSEPH WATSON / JULY 24, 2014
Financial analyst Jim Willie sensationally claims that Germany is preparing to ditch the unipolar system backed by NATO and the U.S. in favor of joining the BRICS nations, and that this is why the NSA was caught spying on Angela Merkel and other [...]
jessescrossroadscafe.blogspot.com / July 23, 2014
Facebook announced ‘better than expected’ numbers after the bell. The stock sold off a bit because apparently the ‘whisper numbers’ were higher.AT&T posted a miss.Unemployment claims out tomorrow, as if anyone cares.The IMF has lowered its US growth estimates and suggests Fed easing could extend beyond 2015.
zerohedge.com / by Tyler Durden / 07/23/2014 12:05
This is what happens when a priced to perfection global economy (and well beyond perfection based on the S&P 500) runs into the utterly and completely unpredictable and unforseeable “harsh winter weather.”
First, the IMF just cut (again) its forecast for US [...]
blog.milesfranklin.com / By Bill Holter / July 23rd, 2014
The biggest news last week was that the BRICS bank has been formed and being funded. Some may argue that the downing of the Malaysian airline flight was bigger but I don’t think so. From a money and banking standpoint, the formation of the [...]
blog.milesfranklin.com / By Andrew Hoffman / July 22nd, 2014
THE ROAD TO HYPERINFLATION, IN SIMPLE PICTURES
Sometimes, even the most poetic, concise text doesn’t do justice to simple graphics. Sure, I could write of this weekend’s dangerous expansion of “Cold War II” – which we can only pray doesn’t turn “hot”; [...]
theeconomiccollapseblog.com / By Michael Snyder / July 21st, 2014
In general, over the last several decades the world has experienced an unprecedented era of peace and prosperity. The opening up of relations with China and the “end of the Cold War” resulted in an extended period of cooperation between east and west that [...]
sovereignman.com / Simon Black / July 17, 2014
July 17, 2014 Malaga, Spain
Like a lot of kids who grew up in the 80s, my parents enrolled me in organized basketball when I was around 9 or 10 years old.
We weren’t really any good… just a bunch of [...]
sovereignman.com / By Simon Black / July 15, 2014
Exactly 70 years ago to the day, hundreds of delegates from 44 nations were busy at work in Bretton Woods, New Hampshire creating a brand new financial system.
World War II had just ended. Europe was in ruin.
And since the US was simultaneously the largest [...]
thedailysheeple.com / Lily Dane / July 15, 2014
Five countries are tired of US dominance of the global financial system and are building their own versions of the World Bank and the International Monetary Fund (IMF).
The group is called BRICS, and the members are all developing or newly industrialized [...]
investmentwatchblog.com / July 15, 2014
EMERGING NATIONS PLAN THEIR OWN WORLD BANK, IMF
WASHINGTON (AP) — Fed up with U.S. dominance of the global financial system, five emerging market powers this week will launch their own versions of the World Bank and the International Monetary Fund.
zerohedge.com / by Tyler Durden on 07/15/2014 18:36
As Pepe Escobar explains, way beyond economy and finance, this is essentially about geopolitics – as in emerging powers offering an alternative to the failed Washington consensus. Or, as consensus apologists say, the BRICS may be able to “alleviate challenges” they face from the “international financial system”.
jessescrossroadscafe.blogspot.com / 15 JULY 2014
There was a fairly obvious hit on the metals today, to add a bit to the declines experienced yesterday.Unless you are daytrading this type of thing ought not to be of any great concern. The miners were certainly taken out to the woodshed on these antics.It was a bit [...]
zerohedge.com / by Tyler Durden / 07/15/2014 14:38
As we suggested last night, the anti-dollar alliance among the BRICS has successfully created a so-called “mini-IMF.” As Putin explains, this is part of “a system of measures that would help prevent the harassment of countries that do not agree with some foreign policy decisions [...]
blog.milesfranklin.com / By Bill Holter / July 15th, 2014
Last week was full of news but the obvious in importance was the news out of Espirito Santo bank of Portugalhttp://www.chicagotribune.com/business/sns-rt-us-espiritosanto-esfg-20140710,0,5483314.story. This is Portugal’s largest bank and they missed a bond payment, their stock had been halved in the last month prior to being [...]