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Keyword: imf

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  • BOOM! Pro-Russia Hacker Site “Cyber Berkut” Publishes Links Between Ukraine and Clinton

    07/13/2017 10:59:02 AM PDT · by blueyon · 44 replies
    Gateway Pundt ^ | 7/13/17 | Jim Hoft
    The pro-Russian hacker site “Cyber Berkut” published links between the Ukrainian government and the Hillary Clinton Campaign today. Wikileaks posted the image. BOOM! Pro-Russia Hacker Site “Cyber Berkut” Publishes Links Between Ukraine and Clinton Jim Hoft Jul 13th, 2017 10:33 am 89 Comments The pro-Russian hacker site “Cyber Berkut” published links between the Ukrainian government and the Hillary Clinton Campaign today. Wikileaks posted the image. THIS IS AMAZING— Cyber Berkut published this damning news today. Hillary Clinton campaign and the Ukrainian government! According to Cyber Berkut the Ukrainian foundation transferred 10 to 25 million dollars to the Clinton Foundation. Ukraine...
  • IMF Working Paper: The Macroeconomics of De-Cashing

    04/08/2017 7:43:04 AM PDT · by oblomov · 17 replies
    International Monetary Fund ^ | March 2017 | Alexei Kireyev
    I. INTRODUCTION 1. De-cashing is defined as the gradual phasing out of currency from circulation and its replacement with convertible deposits. This initiative does not in any way target the abolition of money as an institution, but is, rather, a sweeping reduction of the role of currency, its cash component, in favor of transferrable deposits, its non-cash component. The monetary authorities in many countries have already taken steps towards de-cashing. These steps include abolishing large denomination bills, imposing ceilings on cash transactions, introducing declaration requirements on the carriage of cash in and out of the country, reporting requirements for cash...
  • Paris IMF letter bomb injures one employee

    03/16/2017 5:59:37 AM PDT · by nuconvert · 2 replies
    bbc ^ | 3-16-17
    The IMF employee received hand and face injuries, and staff were evacuated. IMF director Christine Lagarde condemned the "cowardly act of violence" against IMF staff.
  • Ex-IMF Chief Found Guilty of Embezzlement will NOT Go to Jail

    03/04/2017 10:34:50 PM PST · by nickcarraway · 4 replies
    The Local (Spain) ^ | 3 March 2017
    Spain's anti-corruption prosecutor on Friday allowed former IMF chief Rodrigo Rato to remain free and without judicial supervision despite a jail sentence of four years and six months for embezzlement. Rato, who is also a former Spanish economy minister, will now remain at liberty until the court rules definitively on his case. Rato was sentenced on February 23 for misusing funds when he was the boss of two Spanish banks. He was tried with 64 other former executives and board members, accused of misusing €12 million ($12.7 million) between 2003 and 2012. He is expected to file an appeal.
  • Ukraine reaches preliminary agreement with IMF

    03/04/2017 5:54:23 PM PST · by Navy Patriot · 6 replies
    Yahoo Propaganda Via AFP ^ | March 4, 2017 | Dmitry Zaks
    The International Monetary Fund said Saturday it had reached a preliminary agreement with Ukraine that could see the war-scarred and cashed-starved nation receive fresh aid in the first half of the year. The news was particularly good for the ex-Soviet republic because the IMF statement referred to a loan of $1 billion (0.9 billion euros) and not the lesser sums discussed in earlier months. Ukraine also gets the reprieve of not having to go though the unpopular measure of raising its pension age to get the cash.
  • At "World Government Summit," Top Globalists Drop The Mask

    02/17/2017 6:13:45 AM PST · by VitacoreVision · 22 replies
    The New American ^ | 17 February 2017 | Alex Newman
    Meeting this week at the annual "World Government Summit" in the United Arab Emirates, under the shadow of a replica monument from the false god Baal's temple, top globalists and establishment leaders from around the planet offered a series of stunning revelations about their agenda. From the socialist new UN secretary-general and the embattled boss of the International Monetary Fund to national government leaders and tax-funded crony capitalists, over a hundred prominent speakers lectured thousands of attendees on the supposed necessity of globalism, multiculturalism, statism, Big Government, social engineering, "sustainability," and more. One speaker, tax-funded billionaire Elon Musk, even claimed...
  • IMF chief Lagarde on trial in France over tycoon case

    12/09/2016 8:58:07 PM PST · by ameribbean expat · 7 replies
    IMF chief Christine Lagarde goes on trial in France on Monday over a massive state payout to a flamboyant tycoon when she was finance minister in a case that risks tarnishing her stellar career. Lagarde denies the charges of negligence, arguing she was acting "in the state's interest" in making the payment to Bernard Tapie, the former owner of sportswear giant Adidas and Olympique Marseille football club. If found guilty, Lagarde could receive a one-year prison sentence and a 15,000 euro ($15,900) fine.
  • Global Elites Step Up Defense of Openness as Populism Rises

    10/10/2016 7:20:39 PM PDT · by Lorianne · 8 replies
    Source material cannot be posted to FR | October, 2016
    see link below
  • IMF says global debt tops $152 trillion, urges some to spend more

    10/06/2016 7:22:45 PM PDT · by Lorianne · 6 replies
    Reuters ^ | 05 October 2016 | David Lawder
    The world is swimming in a record $152 trillion in debt, the IMF said on Wednesday, even as the institution encourages some countries to spend more to boost flagging growth if they can afford it. Global debt, both public and private, reached 225 percent of global economic output last year, up from about 200 percent in 2002, the IMF said in its new Fiscal Monitor report. The IMF said about two thirds of the 2015 total, or about $100 billion, is owed by private sector borrowers, and noted that rapid increases in private debt often lead to financial crises. While...
  • IMF, global finance leaders fret over populist backlash

    10/06/2016 7:26:01 PM PDT · by Lorianne · 7 replies
    Reuters ^ | 06 October 2016 | David Lawder
    World finance leaders on Thursday decried a growing populist backlash against globalization and pledged to take steps to ensure trade and economic integration benefited more people currently left behind. Their comments at the start of the International Monetary Fund and World Bank fall meetings signaled frustration with persistently low growth rates and the surge of public anger over free trade and other pillars of the global economic system. The meetings are the first since Britain voted in June to leave the European Union and U.S. billionaire Donald Trump secured the Republican presidential nomination with a campaign that attacked trade deals....
  • Backlash to World Economic Order Clouds Outlook at IMF Talks

    10/05/2016 10:44:26 AM PDT · by Lorianne · 8 replies
    Source material cannot be posted to FR | 04 October 2016
    see link below
  • IMF admits disastrous love affair with the euro and apologises for the immolation of Greece

    07/30/2016 1:33:23 PM PDT · by Lorianne · 2 replies
    Telegraph (UK) ^ | 29 July 2016 | Ambrose Evans-Pritchard
    The International Monetary Fund’s top staff misled their own board, made a series of calamitous misjudgments in Greece, became euphoric cheerleaders for the euro project, ignored warning signs of impending crisis, and collectively failed to grasp an elemental concept of currency theory. This is the lacerating verdict of the IMF’s top watchdog on the fund’s tangled political role in the eurozone debt crisis, the most damaging episode in the history of the Bretton Woods institutions. It describes a “culture of complacency”, prone to “superficial and mechanistic” analysis, and traces a shocking breakdown in the governance of the IMF, leaving it...
  • IMF's Lagarde to stand trial in Tapie case

    07/22/2016 8:19:41 AM PDT · by BenLurkin · 4 replies
    reuters ^ | Jul 22, 2016 7:24pm IST
    France's highest appeals court ruled on Friday that International Monetary Fund chief Christine Lagarde must stand trial for her role in a 400 million euros ($440 million) state payout in 2008 to businessman Bernard Tapie. She was French finance minister at the time. The court rejected her appeal against a judge's order in December for her to stand trial at the Cour de Justice de la Republique, a special court that tries ministers for crimes in office. Her lawyer Patrick Maisonneuve expressed regret over the decision and said he was convinced that the trial would show she was innocent. IMF...
  • Berkeley Economist Stumbles on Pretend Economy in U. S.

    07/11/2016 7:53:35 AM PDT · by Academiadotorg · 26 replies
    Accuracy in Academia ^ | July 11, 2016 | Malcolm A. Kline
    Berkeley economist has stumbled on a trend an increasing number of Americans experience annually: We’ve had a pretend economy in the United States for at least 16 years. "Bottom 99% incomes grew by 3.9% from 2014 to 2015, the best annual growth rate since 1999," Emmanuel Saez wrote in a paper on June 30, 2016. A trio of researchers from the International Monetary Fund was much less oblique in a paper that they wrote last month on "the rise of income polarization — what some have referred to as the 'hollowing out' of the income distribution — in the United...
  • Hillary Clinton tipped for World Bank job as Robert Zoellick steps down

    02/15/2012 5:12:56 PM PST · by bruinbirdman · 21 replies
    The Telegraph ^ | 2/15/2012 | Emma Rowley
    Mr Zoellick, 58, will leave the Bank on June 30, after five years in the role. "The Bank is now strong, healthy and well positioned for new challenges, and so it is a natural time for me to move on and support new leadership," he said. Speculation as to his successor has focused on Mrs Clinton, the US Secretary of State, and former Treasury Secretary Larry Summers. The former US First Lady is said to have been in discussions with the White House about leaving her current role. "Hillary Clinton wants the job," a source who knows her well told...
  • IMF warns the US over high poverty

    06/24/2016 7:12:09 PM PDT · by Lorianne · 45 replies
    BBC News ^ | 22 June 2016
    The US has been warned about its high poverty rate in the International Monetary Fund's annual assessment of the economy. The fund said about one in seven people were living in poverty and that it needed to be tackled urgently. It recommended raising the minimum wage and offering paid maternity leave to women to encourage them to work. The report also cut the country's growth forecast for 2016 to 2.2% from a previous prediction of 2.4%. Slower global growth and weaker consumer spending were blamed.
  • Uh-Oh: Newly Released Email Was Marked Classified When It Hit Clinton's Server

    06/11/2016 5:27:31 AM PDT · by Leaning Right · 42 replies
    PJMedia ^ | JUNE 10, 2016 | DEBRA HEINE
    Hillary Clinton has claimed from the very beginning of the email scandal that nothing she sent or received was marked classified at the time. *snip* Unfortunately for Hillary, the State Department today released an email from 2012 that totally contradicts her "fact." According to Catherine Herridge at Fox News, the email carries "a classified code known as a 'portion marking' - and that marking was on the email when it was sent directly to Clinton’s account." (Not retroactively, as the Clinton camp likes to claim.)
  • Malawi's new president sells off presidential jet and 60 Mercedes

    06/02/2012 5:47:37 PM PDT · by bruinbirdman · 17 replies
    The Telegraph ^ | 6/1/2012 | Aislinn Laing, Johannesburg and Damien McElroy
    Joyce Banda, Malawi's new president, has announced the presidential jet and fleet of 60 Mercedes limousines would be sold in a move applauded by a British cabinet minister as an example to other African leaders. Mrs Banda said she was happy to "offload" the presidential perks, adding: "I can well use private airlines. I am already used to hitchhiking." It means that the 62-year-old head of state – the second woman to hold the position in Africa – will fly to the Queen's Jubilee celebrations in London this weekend with British Airways. Andrew Mitchell, the UK International Development Secretary who...
  • In Stunning Reversal, IMF Blames Globalization For Spreading Inequality, Causing Market Crashes

    05/30/2016 8:55:46 AM PDT · by Lorianne · 10 replies
    Zero Hedge ^ | 27 May 2016 | Tyler Durden
    In a stunning reversal for an organization that rests at the bedrock of the modern "neoliberal" (a term the IMF itself uses generously), aka capitalist system, overnight IMF authors Jonathan D. Ostry, Prakash Loungani, and Davide Furceri issued a research paper titled "Neoliberalism: Oversold?" whose theme is a stunning one: it accuses neoliberalism, and its immediate offshoot, globalization and "financial openness", for causing not only inequality, but also making capital markets unstable. To wit: There are aspects of the neoliberal agenda that have not delivered as expected. Our assessment of the agenda is confined to the effects of two policies:...
  • IMF OKs New Two-Year $88 Billion Flexible Credit Line For Mexico

    05/30/2016 8:57:29 AM PDT · by Lorianne · 6 replies
    The International Monetary Fund on Friday boosted its flexible credit line with Mexico to $88 billion in a bid to support Latin America's No. 2 economy, whose currency has been battered by global volatility. The fund said it canceled a previous flexible credit line, which was for $67 billion and approved on November 26, 2014. The new credit line will last for two years, the fund said. Mexico's macroeconomic policies "remain very strong," but there are risks given global market volatility, David Lipton, IMF first deputy managing director and acting chair, said in a statement. Mexico's peso was little changed...