MORE ON THE MONETARY FRONT—I have been searching to see what could be going on while everyone is distracted by the FEAR PORN WhuHuFlu—well here’s some stuff I had not seen before:
WASHINGTON — The head of the International Monetary Fund said Friday it is clear that the global economy has now entered a recession that could be as bad or worse than the 2009 downturn.
IMF Managing Director Kristalina Georgieva said the 189-nation lending agency was forecasting a recovery in 2021, saying it could be a “sizable rebound.” But she said this would only occur if nations succeed in containing the coronavirus and limiting the economic damage.
https://abcnews.go.com/US/wireStory/imf-head-global-economy-now-recession-69843184
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Is the Fed Preparing to Topple US Dollar? – F. William Engdahl
September 3, 2019 Richard Presser UncategorizedNo comments
Another excellent article by F. William Engdahl:
Unusual remarks and actions by the outgoing head of the Bank of England and other central banking insiders strongly suggest that there is a very ugly scenario in the works to end the role of the US dollar as world reserve currency.
In the process, this would involve that the Fed deliberately triggers a dramatic economic depression. If this scenario is actually deployed in coming months, Donald Trump will go down in history books as the second Hebert Hoover, and the world economy will be pushed into the worst collapse since the 1930s. Here are some elements worth considering.
http://www.richardpresser.com/wordpress/is-the-fed-preparing-to-topple-us-dollar-f-william-engdahl/
I don’t know much about economics or about financial systems, but I am confident that Q has the IMF and the Bank of England in his crosshairs.