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Keyword: imf

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  • IMF offers Ukraine bailout as Yulia Tymoshenko enters presidential race

    04/16/2014 1:28:04 PM PDT · by PieterCasparzen · 2 replies
    theguardian ^ | 3/27/2014 | Alec Luhn
    Ukraine's controversial opposition leader, Yulia Tymoshenko, has formally joined the race to become the country's president, on the same day as the huge task facing the new leadership was underscored by a tough IMF aid package that will foist deep austerity on the country. ... Whoever wins the vote on 25 May will face a tough task. The International Monetary Fund on Thursday offered Ukraine a bailout of up to $18bn (Ł10.9bn) over two years, in return for harsh economic reforms that may well worsen living standards for the already impoverished population. Further IMF aid will be unlocked if austerity...
  • IMF Announces Staff Level Agreement with Ukraine on US$14-18 Billion Stand-By Arrangement

    04/15/2014 5:37:05 PM PDT · by PieterCasparzen · 2 replies
    ... At the conclusion of the visit, Nikolay Gueorguiev, Mission Chief for Ukraine, issued the following statement today in Kyiv: “The mission has reached a staff-level agreement with the authorities of Ukraine on an economic reform program that can be supported by a two-year Stand-By Arrangement (SBA) with the IMF. ... The agreement reached with the authorities is subject to approval by IMF Management and the Executive Board. ... Ukraine’s macroeconomic imbalances became unsustainable over the past year. ... Measures implemented in February and March helped stabilize financial markets and ensured that critical budget payments have been met. Nonetheless, the...
  • WATCH: Cruz Explains In Under Two Minutes Why Ukraine Aid And IMF Changes Shouldn't Be In Same Bill

    03/14/2014 2:22:31 PM PDT · by SoConPubbie · 7 replies
    Heritage - The Foundry ^ | March 14, 2014 at 12:05 pm | Katrina Trinko
    SEE YOUTUBE RECORDING OF Sen. Cruz's SPEECH HEREIn a speech on the Senate floor last night, Sen. Ted Cruz lambasted legislation that tied aid to Ukraine with changes to how much the United States gives to the International Monetary Fund.“These IMF provisions, if passed into law, would dramatically expand the financial exposure of the United States of America, effectively doubling our contribution, expanding our exposure,” said the Texas Republican.“We should not be opening up the U.S. taxpayers to billions in additional financial liability without a debate on the merits,” Cruz added. “It shouldn’t be just tied to Ukranian aid and...
  • US Pays Half Of Gazprom's Overdue Invoice With $1 Billion Ukraine Loan Guarantee

    04/14/2014 8:00:00 AM PDT · by tcrlaf · 43 replies
    Zerohedge ^ | 3-14-2014 | Tyler Durden
    With Ukraine no longer paying for Russian gaz, and with Gazprom making it clear Kiev has to a) first pay the overdue $2+ billion in invoice and then b) prepay some $5 billion in gas until the end of the year of Europe gets it, it was only a matter of time before the US Treasury stepped in and paid off part or all of Gazprom's demands. That time is now, when moments ago Jack Lew announced a $1 billion loan guarantee for Ukraine - very much the same way that the US provided billions in loan guarnatees for the...
  • The IMF Is Sleepwalking Into Another Global Economic Catastrophe

    04/13/2014 6:39:05 AM PDT · by blam · 5 replies
    BI - The Guardian ^ | 4-13-2014 | PHILLIP INMAN, The Guardian
    The IMF Is Sleepwalking Into Another Global Economic Catastrophe The Guardian PHILLIP INMAN, The Guardian Apr. 12, 2014, 7:22 PM The complacency is palpable. Despite some dire warnings about risky trading and the threat posed by overly indebted banks, the mood last week at the International Monetary Fund's spring conference was one of calm. We have turned a corner since the financial crisis, the Washington-based organisation says. Normality is returning. And this will mean establishing normal interest rates (up from 0.5% in the UK to 2%-3%, according to Mark Carney), restoring normal inflation and generating steady growth in the west...
  • Finance officials: Global economy turns the corner (so says policy-setting panel of IMF)

    04/12/2014 5:37:22 PM PDT · by NormsRevenge · 20 replies
    Yahoo! News ^ | 4/12/14 | Martin Crutsinger and Harry Dunphy - ap
    WASHINGTON (AP) — The world's top finance officials expressed confidence Saturday that the global economy finally has turned the corner to stronger growth. This time, they may be right. Despite challenges that include market jitters about the Federal Reserve's bond-buying slowdown and global tensions over Ukraine, policymakers said they believe there is a foundation for sustained growth that can provide jobs for the millions of people still looking for work five years after the worst recession since the Great Depression of the 1930s. "Creating a more dynamic, sustainable, balanced and job-rich global economy remains our paramount collective goal," the policy-setting...
  • G20 gives U.S. year-end deadline for IMF reforms

    04/11/2014 1:52:23 PM PDT · by Oldeconomybuyer · 1 replies
    Reuters ^ | April 11, 2014 | By Louise Egan and Anna Yukhananov
    Finance chiefs from around the globe on Friday gave the United States until year-end to ratify long-delayed reforms to the International Monetary Fund and threatened to move forward without it if it fails to do so. The inability to proceed with giving emerging markets a more powerful voice at the IMF and shoring up the lender's resources appeared the most contentious issue. In a final communiqué, G20 finance ministers and central bankers said they were "deeply disappointed" with the delay. "I take this opportunity to urge the United States to implement these reforms as a matter of urgency," Australian Treasurer...
  • Russia Helped Ukraine, But Now Ukraine Needs More, IMF's Lagarde Says

    04/03/2014 11:41:28 PM PDT · by wetphoenix · 15 replies
    Forbes ^ | 4/03/2014 @ 12:22PM | Kenneth Rapoza
    Russia wasn’t all bad for Ukraine. A 45% reduction in the price of natural gas and what was supposed to be an additional $15 billion in aid was a necessary “lifeline”, the International Monetary Fund’s Christine Lagarde said on Wednesday. Speakqing to PBS News Hour on April 2, IMF's Managing Director Lagarde said, “The economy of Ukraine was against the wall and heading for disaster. It’s an economy that needed reforms, that Ukraine needed profound transformation of its fiscal policy, monetary policy and on its policy on energy to mention just the key ones. Without the lifeline it was getting...
  • Yushchenko, hero of Ukraine’s Orange Revolution warns Europe that Putin won’t stop at Crimea

    03/28/2014 6:34:25 AM PDT · by afraidfortherepublic · 17 replies
    McClatchy DC ^ | 3-27-14 | Mathew Schofield
    KIEV, Ukraine — To Viktor Yushchenko, the man at the heart of Ukraine’s Orange Revolution a decade ago, March 2014 looks a lot like August 1939. Europe, once again, is at war. But Europe is also, once again, refusing to realize it and react. Yushchenko, the former Ukrainian president who has spent much of his political life at odds with Russian President Vladimir Putin, and incurred his wrath, says there should not be any doubt about what is going on: Putin’s Russia has been waging economic and information war on his country for years. It has now added a territorial...
  • How Conservatives Win

    03/27/2014 12:41:46 PM PDT · by cotton1706 · 7 replies
    heritage.org ^ | 3/27/14 | Mike Needham
    It should come as no surprise The New York Times would bury news of a conservative victory over President Obama on page eight. The lead paragraph said it all: Senate Democrats, bowing to united House Republican opposition, dropped reforms of International Monetary Fund governance from a Ukraine aid package on Tuesday. The real question is whether this was merely a moment in time or a seminal shift in how congressional Republicans will approach future showdowns. And to be clear, future showdowns are inevitable if we are to achieve any conservative policy victories. Before going further, it is important to explain...
  • IMF throws Ukraine financial lifeline, Russia growth slumps

    03/27/2014 9:39:22 AM PDT · by 1rudeboy · 5 replies
    Reuters ^ | March 27, 2014 | Natalia Zinets and Elizabeth Piper
    (Reuters) - Ukraine won a $27-billion international financial lifeline on Thursday, rushed through in the wake of Russia's annexation of Crimea, while Moscow's economy minister acknowledged that his country's growth would slow dramatically as funds flee abroad. The International Monetary Fund announced a $14-18 billion standby credit for Kiev in return for tough economic reforms that will unlock further aid from the European Union, the United States and other lenders over two years, effectively pulling Kiev closer to Europe. Raising the political temperature, former prime minister Yulia Tymoshenko, released from jail last month after her arch-rival Viktor Yanukovich fled from...
  • Ted Cruz Blocks Senate From Giving $68 Billion As Gift To IMF…… And Guess What Harry Reid Backs Down

    03/26/2014 5:44:18 PM PDT · by cotton1706 · 25 replies
    video at link
  • How Ted Cruz killed IMF expansion: A timeline

    03/26/2014 5:53:26 PM PDT · by cotton1706 · 11 replies
    dailycaller.com ^ | 3/26/14 | Matt Lewis
    On Tuesday, Senate Democrats dropped International Monetary Fund reforms that were holding up passage of an aide package for Ukraine. Conservatives declared victory, having always viewed the inclusion of the reforms as (at best) a non sequitur, and (at worst) potentially harmful (as the New York Times reported, the reforms would have ironically given more authority “to emerging economic heavyweights like China, Brazil — and Russia.”) In the end, Senate Minority Leader Mitch McConnell’s prediction that the GOP-led House wouldn’t pass the bill without stripping the provisions, and Secretary of State John Kerry’s signaling to Majority Leader Harry Reid that...
  • Sen. Ted Cruz with Neil Cavuto

    03/25/2014 2:32:25 PM PDT · by Whenifhow · 10 replies
    http://www.youtube.com ^ | March 25, 2014 | SenTedCruz
    Senator Ted Cruz with Cavuto speaking about the IMF in the Ukraine aid package and Hobby Lobby issue before SCOTUS.
  • Beyond the Crimea Crisis: Comprehensive Next Steps in U.S.–Russian Relations

    03/25/2014 11:16:45 AM PDT · by 1rudeboy · 16 replies
    The Heritage Foundation ^ | March 25, 2014 | Nile Gardiner, Ph.D., Jack Spencer, Luke Coffey and Nicolas Loris
    AbstractOn February 28, Russian troops, aided by pro-Russian local militia, occupied important sites across the Crimean Peninsula under the pretext of “protecting Russian people.” Now Crimea is under Moscow’s de facto control and the Russian parliament has voted to annex the region into the Russian Federation. The failure of the Obama Administration’s Russian “reset,” the unilateral disarming of Europe, and the U.S. reduction of forces and disengagement from Europe have led Russia to calculate that the West will not respond in any significant way. The Administration can demonstrate America’s commitment to its NATO allies and support for the Ukrainian...
  • Democrats Likely to Drop IMF Provision From Ukraine Bill (Cruz draws more blood!)

    03/25/2014 11:25:28 AM PDT · by cotton1706 · 7 replies
    rollcall.com ^ | 3/25/14 | Humberto Sanchez
    Updated 1:51 p.m. | Democratic leaders seem on the verge of nixing the International Monetary Fund provision in a Ukraine aid package that House Republican leaders oppose, in what would amount to a victory for House Republican leaders and Sen. Ted Cruz of Texas and a defeat for the White House. Senate Foreign Relations Chairman Robert Menendez, D-N.J., conceded that removing the IMF provisions was the likely outcome. “The House Republican leadership is intransigent about IMF, despite the fact, that IMF, I think, is very important,” Menendez said Tuesday. “And if that’s the case, and there is no pathway forward,...
  • Harry Reid mulls dropping IMF from bill (Reid caves to Cruz)

    03/25/2014 10:51:32 AM PDT · by cotton1706 · 13 replies
    politico.com ^ | 3/25/14 | BURGESS EVERETT, JOHN BRESNAHAN and SEUNG MIN KIM |
    Senate Majority Leader Harry Reid is considering dropping a provision to reform the International Monetary Fund from a bill to help Ukraine — a move that could clear the way to send an aid package to the president’s desk. Republicans have balked at President Barack Obama’s call to include the language, vowing to reject the provisions in the House. The tussle in Congress over reforming the IMF has threatened the unified message officials in Washington had hoped to send to Russian President Vladimir Putin and those responsible for the invasion of Ukraine. A final decision on the IMF provision could...
  • Mark Levin Explodes on Mitch McConnell for Pressing Republicans To Join Harry Reid on Key Vote

    03/25/2014 7:03:10 AM PDT · by SterlingSilver · 7 replies
    BLAZE/AP ^ | Mar. 24, 2014 11:11pm | Jason Howerton
    WASHINGTON (TheBlaze/AP) — Conservative radio host Mark Levin exploded on Sen. Mitch McConnell (R-Ky.) and other GOP leaders on Monday for refusing to stand against “extraneous” funding for the International Monetary Fund currently included in a Ukraine aid bill. He accused McConnell of undermining House Republicans in the fight to pass a “clean” bill that only includes the $1 billion in loan guarantees to Ukraine and other U.S. sanctions of Russia. “[McConnell] delivered more than half of the Republican conference into the hands of Harry Reid and the Democrats, enabling them to gain leverage over the GOP-controlled House and pass...
  • Mark Levin Explodes on Mitch McConnell for Pressing Republican Senators to Join Harry Reid

    03/25/2014 5:37:26 AM PDT · by cotton1706 · 11 replies
    theblaze.com ^ | 3/24/14 | Jason Howerton
    WASHINGTON (TheBlaze/AP) — Conservative radio host Mark Levin exploded on Sen. Mitch McConnell (R-Ky.) and other GOP leaders on Monday for refusing to stand against “extraneous” funding for the International Monetary Fund currently included in a Ukraine aid bill. He accused McConnell of undermining House Republicans in the fight to pass a “clean” bill that only includes the $1 billion in loan guarantees to Ukraine and other U.S. sanctions of Russia. “[McConnell] delivered more than half of the Republican conference into the hands of Harry Reid and the Democrats, enabling them to gain leverage over the GOP-controlled House and pass...
  • Boehner Spokesman Calls Reid’s GOP/Crimea Comments ‘Unhinged’(PJ tops that!)

    03/24/2014 10:13:32 PM PDT · by smoothsailing · 11 replies
    PJ Media ^ | 3-24-2014 | STEPHEN KRUISER
    March 24, 2014 Boehner Spokesman Calls Reid’s GOP/Crimea Comments ‘Unhinged’ STEPHEN KRUISER Somebody had to say it. “The Senate Majority Leader sounds completely unhinged,” Boehner spokesman Michael Steel told Business Insider in an email. “The House has acted, and is continuing to act, in a reasonable and responsible way to give the White House the tools it needs to hold President Putin accountable.”Every time Reid opens his mouth something remarkably ignorant comes out of it. Nancy Pelosi may be devious and an awful person, but she’s not stupid (she does dumb it down for the cameras, I believe). Reid, however,...
  • Reid says GOP may have helped Russia annex Crimea

    03/24/2014 2:23:37 PM PDT · by Olog-hai · 82 replies
    Associated Press ^ | Mar. 24, 2014 4:31 PM EDT | Bradley Klapper
    Senate Majority Leader Harry Reid said Monday that Republicans may have helped Russia annex Ukraine’s Crimean Peninsula in a surprisingly sharp attack ahead of a test vote on a bill authorizing more U.S. sanctions on Russia and $1 billion in loan guarantees to Ukraine. […] Reid’s charge comes despite widespread support among Republicans and Democrats in Congress for providing Ukraine with much-needed economic assistance and hitting Russian President Vladimir Putin’s government with sanctions. …
  • Reid Remarks On Ukraine Aid Bill And The Anniversary Of The Affordable Care Act

    03/24/2014 5:30:35 PM PDT · by mdittmar · 10 replies
    U.S. Senate Majority Leader Harry Reid ^ | March 24, 2014 | | U.S. Senate Majority Leader Harry Reid
    As we begin debate on this aid and sanctions package, I also hope that Republicans who stopped action on this legislation prior to the break have considered how their obstruction affects United States’ national security.” “In light of such clear-cut Russian aggression against Ukraine, it’s difficult to believe Republicans blocked this package at all. But it’s almost unimaginable why they blocked it – to protect the anonymity of their own big-money donors. ““Democrats fought hard four years ago to pass this landmark expansion of quality, affordable health care. And we will fight just as hard to make this law work...
  • Republicans Declare Harry Reid 'Unhinged,' After He Says They May Have Helped Russia Annex Crimea

    03/24/2014 7:42:23 PM PDT · by smokingfrog · 39 replies
    Business Insider ^ | 3-24-14 | Brett Logiuratu
    A spokesman for Republican House Speaker John Boehner called Senate Majority Leader Harry Reid "unhinged" on Monday, after Reid charged Republicans may have had a helping hand in emboldening Russia to annex Crimea. "Since a few Republicans blocked these important sanctions last work period, Russian lawmakers voted to annex Crimea and Russian forces have taken over Ukrainian military bases," Reid said on the Senate floor Monday. "It's impossible to know whether events would have unfolded differently if the United States had responded to Russian aggression with a strong, unified voice." Reid was referring to the stalling of a Ukraine aid...
  • Ted Cruz Leads GOP's Fight Against IMF Expansion in Ukraine Aid Package

    03/24/2014 1:43:33 PM PDT · by SoConPubbie · 5 replies
    Heritage "The Foundry" ^ | March 22, 2014 at 3:51 pm | Rob Bluey
    Senate Majority Leader Harry Reid (D–Nev.) is facing a revolt among Republicans for adding controversial language to an aid package for Ukraine.The Senate is expected to vote on the Ukraine measure next week. The controversial provisions, which have support of the Obama administration and liberals from both parties, would increase U.S. financial support to the International Monetary Fund.A growing number of Republicans warn that attaching the IMF language would reduce U.S. power while expanding Russia’s influence on the global stage in the wake of its annexation of Crimea.>>> Q&A: Why Do Conservatives Oppose the IMF Reform Package?Yesterday, Sen. Ted Cruz...
  • Crimea leaders urges Ukraine’s Russians to fight Kiev

    03/23/2014 6:29:20 AM PDT · by elhombrelibre · 3 replies
    Times of Oman ^ | 23 Mar 14 | By AFP
    Kiev: Crimea's rebel leader urged Russians across Ukraine on Sunday to rise up against Kiev's rule and welcome Kremlin forces whose unrelenting march against his flashpoint peninsula has defied Western outrage. The call came amid growing anxiety among Kiev's Western-backed rulers that Russian President Vladimir Putin — flushed with expansionist fervour — will imminently order an all-out attack on his ex-Soviet neighbour after being hit by only limited EU and US sanctions for taking the Black Sea cape. "The aim of Putin is not Crimea but all of Ukraine," Ukraine's National Security and Defence Council chief Andriy Parubiy told a...
  • Ukraine: Globalists Hijack Crisis for More Money, Power for IMF

    03/22/2014 7:13:30 AM PDT · by VitacoreVision · 12 replies
    The New American ^ | 22 March 2014 | William F. Jasper
    Ukraine: Globalists Hijack Crisis for More Money, Power for IMF 22 March 2014 here already are enough controversial issues involved in the Ukraine-Russia crisis that make any U.S. involvement in the matter questionable at best. And, as we have reported, multiple polls consistently have shown that Americans do not support further U.S. entanglement in the imbroglio. But the U.S. Senate Foreign Relations Committee has approved legislation that not only supports the $1 billion aid package to Ukraine pledged by President Obama, but also hijacks the Ukraine crisis to sneak in “reforms” to the International Monetary Fund (IMF) backed by...
  • Putin’s global ambitions could destabilize Europe

    03/18/2014 5:46:36 PM PDT · by goldstategop · 29 replies
    Washington Post ^ | 03/18/2014 | Molly K. McKew and Gregory A. Maniatis
    Since then, Putin increasingly has referred to Russia as distinct from the West. He promotes an “orthodox morality” that rejects Western notions of tolerance and inclusive societies — seen domestically in the imprisonment of Pussy Riot, new “anti-propaganda” laws targeting gays and a crackdown on any media deviating from the Kremlin line. The West discounted much of this exceptionalist narrative until it was used in Crimea. Putin’s soldiers-of-no-nation are branded “local self-defense forces” to underscore native pro-Russian support. The relentless information war propagates perceptions of ethnic-religious divisions and Western “hypocrisy.” Financial weapons underscore Putin’s reliance on oligarch-princes to revitalize orthodoxy...
  • Ron Paul on Crimea: Why does US Care ?

    03/18/2014 11:16:19 AM PDT · by opentalk · 189 replies
    Politico ^ | March 18, 2014 | Tal Kopan
    Former Rep. Ron Paul says that America’s reaction to Crimea’s vote to secede from Ukraine should be,“so what?” “Why does the U.S. care which flag will be hoisted on a small piece of land thousands of miles away?” the Texas Republican and libertarian icon wrote in a USA Today op-ed Monday. ...Over the weekend, Crimeans voted to secede from Ukraine and join Russia,which the Russian government has moved to approve. American politicians have called the vote a sham and the administration has said it does not recognize the results of the vote,placing sanctions on some Russian officials in response. Ron...
  • Opinion: Obama can't have it both ways on Crimea

    03/18/2014 11:23:59 AM PDT · by Jim Robinson · 30 replies
    CNN ^ | March 18, 2014 | By Simon Tisdall
    London (CNN) -- Whatever U.S. and European leaders may say, it seems clear a majority of the residents of Crimea were only too happy to abandon Ukraine and join the Russian Federation. The referendum held there on Sunday was illegal according to Ukrainian constitutional law and took place under duress, following the large-scale incursion of "pro-Russian forces" -- and voters did not have the choice to say "no" to severing ties with Kiev. But these failings aside, it appears plain that most of Crimea's population, with the exception of the Tatar minority and some ethnic Ukrainians, was content to return...
  • Pushing back on Russia, Biden vows more sanctions

    03/18/2014 9:52:37 AM PDT · by Jim Robinson · 35 replies
    boston.com ^ | March 18, 2014 | By JOSH LEDERMAN / Associated Press
    WARSAW, Poland (AP) — Denouncing Russia’s actions in Crimea as ‘‘nothing more than a land grab,’’ Vice President Joe Biden warned Russia on Tuesday that the U.S. and Europe will impose further sanctions as Moscow moved to annex part of Ukraine. With limited options, the United States was seeking ways to show it won’t stand idly by as Russian President Vladimir Putin signed a treaty for the Ukrainian peninsula of Crimea to join Russia. So far, Putin has been undeterred by sanctions and visa bans levied by the U.S. and the European Union, and there’s no U.S. appetite for military...
  • Merkel: Crimea grab ‘against international law’

    03/18/2014 8:45:21 AM PDT · by Olog-hai · 84 replies
    TheLocal.de ^ | 18 Mar 2014 15:35 GMT+01:00 | (AFP)
    Chancellor Angela Merkel said on Tuesday that Russia’s absorption of Ukraine’s Crimea region after a secession referendum and declaration of independence there violated international law. […] Merkel stressed that international organizations including the United Nations, the European Union and the Organization for Security and Cooperation in Europe shared that view. …
  • Greece protests over government plans to sell off historic national buildings

    03/17/2014 10:44:52 AM PDT · by opentalk · 14 replies
    The Guardian UK ^ | March 16, 2014 | Helena Smith
    Greece's cultural gems have become the focus of renewed protest on the streets of Athens following the cash-strapped government's announcement of plans to include prime properties around the Acropolis, and other landmark buildings, in its privatisation programme. Furious opponents marched through the city centre at the weekend to denounce the "illegal sale" of the country's heritage. More than four years into debt-stricken Greece's prolonged economic crisis, many described the step as the height of humiliation for a nation already hit by excoriating austerity and record levels of poverty and unemployment.... Greece's privatization programme has been problem-plagued from the day bankrupt...
  • White House defends IMF push in Ukraine aid

    03/16/2014 8:03:18 AM PDT · by mac_truck · 20 replies
    Global Post ^ | 3/15/2014 | Agence France-Presse
    The White House on Friday defended its decision to attach an IMF reform bid to a $1 billion aid bill for Ukraine, which has angered some Republicans and slowed the measure's passage in Congress. The bill has cleared a Senate committee but will not come up in the Senate until after next week's recess, and its prospects in the House of Representatives remain uncertain. "We support legislation that includes IMF quota reform because it's the right thing to do generally and because it provides additional means for the IMF... to give support to Ukraine." Some Republicans have accused the White...
  • McConnell Prepared to Cut Backroom Deal on IMF Bailout

    03/13/2014 12:39:35 PM PDT · by cotton1706 · 5 replies
    redstate.com ^ | 3/13/14 | Daniel Horowitz
    Yesterday, the Senate Foreign Relations Committee passed a bill to authorize loan guarantees for Ukraine, similar to the bill that passed the House last week. The loan guarantee bill doesn’t directly increase spending; rather it adds Ukraine to the list of countries eligible for Economic Support Fund (ESF) grants. ESF grants have already been appropriated and are used as “walking around cash” for the State Department to send to allied countries in need of assistance (although the money often goes elsewhere). However, the bill does transfer extra funds into the Treasury in order to cover any potential default on the...
  • Kremlin website hit by 'powerful' cyber attack

    03/14/2014 9:11:44 AM PDT · by MeshugeMikey · 80 replies
    Reuters ^ | March 14 2014 | Tatyana Ustinova
    Hackers knocked out the Russian presidency's website several times on Friday and brought down the central bank website, the Kremlin press service said. "A powerful cyber attack is under way on the (Kremlin) site," a Kremlin spokeswoman said, adding that the attack was continuing and security experts were trying to prevent further disruptions.
  • John Kerry To Explain Where The New Red Line Is - Live Feed

    03/14/2014 8:32:25 AM PDT · by Errant · 40 replies
    ZeroHedge ^ | 14 March
    On the heels of yet another multi-hour meeting with Russian foreign minister Lavrov, John Kerry takes to the podium to explain next steps... Live feed at link...
  • Senators Head to Ukraine Empty-Handed (McCain mouths off)

    03/14/2014 8:35:18 AM PDT · by don-o · 21 replies
    National Journal ^ | March 14, 2014 | Sarah Mimms
    The infighting has been particularly vexing for McCain, who took to the Senate floor Thursday, after senators had wrapped up their votes for the week, with an impassioned screed against his colleagues who are planning to vote against the aid package over the IMF provision. "You can call yourselves Republicans," McCain continued. "That's fine, because that's your voter registration. Don't call yourself Reagan Republicans. Ronald Reagan would never—would never—let this kind of aggression go unresponded to by the American people." snip McCain was later joined on the floor for a lengthy, heated exchange among several of his GOP colleagues, including...
  • Russia Must Stop U.S. Expansion in Ukraine [Propaganda Alert]

    03/13/2014 10:29:12 PM PDT · by No One Special · 36 replies
    The Moscow Times ^ | March 14, 2014 | Sergei Markov
    Today, as a result of the Ukrainian crisis, U.S.-Russian relations have hit their lowest point since the invasion of Afghanistan in 1979 or of Czechoslovakia in 1969 — or perhaps even since they bottomed out during the Cuban Missile Crisis. The Crimean crisis, which began as a power struggle between the ruling authorities in Kiev and opposition forces, transformed in to an attempt to overthrow Ukrainian President Viktor Yanukovych by pro-Western and nationalist opposition forces with the support of the U.S. and European Union. The crisis escalated into a conflict between the U.S. and Russia after the West supported a...
  • McCain 'Seriously Considering' Running for Reelection to Senate

    03/12/2014 9:56:58 AM PDT · by george76 · 140 replies
    Breitbart ^ | 12 Mar 2014 | William Bigelow
    Undeterred by a recent Public Policy Polling poll that showed he has only a 30% job approval in his native Arizona, Sen. John McCain said on Fox Business’ “Cavuto” that he is considering running for reelection. McCain denied the poll was accurate
  • Obama Exploiting Ukraine to Empower IMF and Dictatorships

    03/11/2014 3:48:48 PM PDT · by VitacoreVision · 4 replies
    The New American ^ | 11 March 2014 | Alex Newman
    Obama Exploiting Ukraine to Empower IMF and Dictatorships 11 March 2014 The Obama administration is pushing hard for a series of controversial “reforms” aimed at massively expanding the power and resources of the International Monetary Fund (IMF) while further scaling back U.S. influence at the institution....
  • Putin Doesn't Threaten Our National Security, Obama Does

    03/05/2014 12:05:23 AM PST · by kingattax · 33 replies
    American Thinker ^ | 3-5-14 | Don Feder
    Vladimir Putin isn’t the Easter Bunny. On the other hand, he isn’t Joseph Stalin. It takes a truly fevered imagination to see Russian forces in the Crimea as a prelude to Russian tanks rolling across Europe toward Berlin and Paris. Putin is a power player who cares more about Russia’s national interests, and Russian minorities in his near abroad, than in that mythical force known as world opinion. Would that America had a president who cared more about our interests than in promoting globalism and the left’s social agenda. The Crimea’s population is 60% ethnic Russian. For most of the...
  • Putin's Achilles' Heel [Europe and the U.S. have leverage against Russia, if they'll use it.]

    03/03/2014 5:02:44 PM PST · by 1rudeboy · 51 replies
    WSJ ^ | March 3, 2014
    Russia's Micex stock index fell 11% on Monday and the ruble hit an all-time low after Vladimir Putin's weekend invasion of Ukraine's Crimea peninsula. The sour reaction suggests that investors understand that Mr. Putin's Achilles' heel is the Russian economy and its access to world financial markets, if the West has the wit and will to exploit it. The conventional wisdom in the pundit class is that Russia holds the economic edge because of its natural gas supplies to Ukraine and much of Europe. But that supply is a double-edged sword because Russia needs the foreign-exchange earnings as much as...
  • Russia Gives Ukrainian Forces In Crimea Ultimatum To Surrender - Interfax

    03/03/2014 8:06:14 AM PST · by Fennie · 184 replies
    Reuters ^ | March 3, 2014
    Russia's Black Sea Fleet has told Ukrainian forces in Crimea to surrender by 5.am (0300 GMT) on Tuesday or face a military assault, Interfax news agency quoted a source in the Ukrainian Defence Ministry as saying. The ultimatum, Interfax said, was issued by Alexander Vitko, the fleet's commander.
  • Rand Paul: GOP shouldn’t ‘tweak’ Russia over Ukraine

    02/27/2014 7:06:39 AM PST · by Colonel Kangaroo · 29 replies
    The Washington Post ^ | February 25 2014 | Robert Costa
    Sen. Rand Paul of Kentucky, a presidential hopeful and leading non-interventionist voice in the Republican Party, believes the United States should seek "respectful" relations with Russia and avoid antagonizing President Vladimir Putin over the ongoing political turmoil in Ukraine, where a Kremlin-backed government collapsed last week. "Some on our side are so stuck in the Cold War era that they want to tweak Russia all the time and I don't think that is a good idea," Paul said on Tuesday, in an interview with The Washington Post. Paul's comments underscore the latest foreign-policy fissure in the GOP, where the party's...
  • Interview Karen Hudes (interesting US Constitutions alter in 1873??) Youtube

    02/03/2014 1:29:46 PM PST · by restornu · 24 replies
    "The World Bank Whistle Blower" ^ | Jan 2, 2014 | Karen Hudes
    Interesting chronology of unfolding events in History
  • IMF's World Tax Is a Puzzling Ploy

    01/07/2014 9:35:16 AM PST · by Renfield · 7 replies
    The Daily Bell ^ | 1-3-2014
    IMF paper warns of 'savings tax' and mass write-offs as West's debt hits 200-year high ... Debt burdens in developed nations have become extreme by any historical measure and will require a wave of haircuts, warns IMF paper. The paper said policy elites in the West are still clinging to the illusion that rich countries can chip away at their debts with a blend of austerity cuts and growth. – UK Telegraph Dominant Social Theme: The West is out of control and only taxes can save it. Free-Market Analysis: The UK Telegraph has discovered that the IMF wants to inflict...
  • IMF Paper: Debt-Ridden Western Nations May Resort to ‘Financial Repression’

    01/07/2014 4:18:43 AM PST · by IbJensen · 21 replies
    CNS News ^ | 1/3/2013 | Brenda Hollingsworth
    (CNSNews.com) – The highest debt-to-GDP levels in 200 years could force advanced Western nations to adopt “financial repression” measures typically reserved for economically unstable debtor nations, including mass write-offs and a tax on savings, warns a working paper published last week by the International Monetary Fund (IMF). According to “Financial and Sovereign Debt Crises: Some Lessons Learned and Those Forgotten,” a working paper written by two Harvard economists who used to work at the IMF, “there are essentially five ways to reduce large debt-to-GDP ratios: 1. Economic growth; 2. Fiscal adjustment- austerity; 3 .Explicit default or restructuring; 4. Inflation surprise;...
  • Secret Group Controls The World

    12/21/2013 6:08:44 AM PST · by NYer · 109 replies
    SMR ^ | December 12, 2013
    So who really controls the world? The Illuminati? Freemasons? The Bilderberg Group? Or are these all red herrings to distract your prying eyes from the real global elite? The answer, like most topics worth exploring, is not quite so simple. Have no doubt, there are secretive global powers whose only goal is to keep and grow that power. But it really may not be as secretive as you would think. And that is what makes it even more nefarious. But don't take my word for it, we have both science and insider testimony to back it up. We are going...
  • Romain Hatchuel: The Coming Global Wealth Tax

    12/04/2013 5:15:55 PM PST · by Texas Fossil · 22 replies
    Wall Street Journal ^ | Dec. 3, 2013 | Romain Hatchuel
    Between ObamaCare, Iran and last quarter's uptick in U.S. economic growth, taxpayers these days may be distracted from several dangers to come. But households from the United States to Europe and Japan may soon face fiscal shocks worse than any market crash. The White House and New York Mayor-elect Bill de Blasio aren't the only ones calling for higher taxes (especially on the wealthy), as voices from the International Monetary Fund to billionaire investor Bill Gross increasingly make the case too. In his November investment commentary for bond giant Pimco, Mr. Gross asks the "Scrooge McDucks of the world" to...
  • International Monetary Fund Recommends Stealing Americans' Wealth Now!

    10/26/2013 7:07:44 AM PDT · by Errant · 35 replies
    Freedom Outpost ^ | 22 October 2013 | John DeMayo
    By now, most Americans realize what they have earned, built and own, no longer belongs to them. It will be taken unlawfully in the blink of any eye. Much like Washington, global parasites now want more of your income and wealth. The international elitists are coming for your stuff and many in our government---Democrat and Republican---are entertaining closed-door schemes designed to, once again, relieve Americans of their property. On October 9, 2013, from its perch in Washington D.C., the International Monetary Fund (IMF) released a report outlining its recommendations for immediate global wealth confiscation---specifically American wealth---and new capital controls and...