Free Republic

In the past several decades there has been a tremendous growth of inequality, not only in the world, but also within the advanced countries. This continuing trend in not accidental but is driven by the wealthiest families on the planet. These secretive families, referred to as the High Cabal by their agent Winston Churchill, aim at bringing mankind to its knees by increasing economic hardship for the masses. The goal of these families is the elimination of nation states as well as all the great religions, and their replacement by a Satanic One World dictatorship with a much reduced global...

A new global currency just launched, but 99 percent of the global population has no idea what just happened. The “Universal Monetary Unit”, also known as “Unicoin”, is an “international central bank digital currency” that has been designed to work in conjunction with all existing national currencies. This should set off alarm bells for all of us, because the widespread adoption of a new “global currency” would be a giant step forward for the globalist agenda.

Iranian women who resist the hijab law face the brutal prospect of frozen bank accounts, drawing chilling parallels to the repressive tactics of Canadian PM Justin Trudeau against protestors. Iran is intensifying its efforts to enforce strict dress codes for women by instituting a new law that fines women 2.5 billion rials ($60,000) for flouting hijab rules. Last month, Iran’s judiciary chief reiterated that “removing one’s hijab is equivalent to showing enmity to the Islamic Republic.” This is all part of the Islamic Republic’s adherence to the Sharia, as it ramps up efforts even further to counter protests. The Quranic...

A new global currency just launched, but 99 percent of the global population has no idea what just happened. The “Universal Monetary Unit”, also known as “Unicoin”, is an “international central bank digital currency” that has been designed to work in conjunction with all existing national currencies. This should set off alarm bells for all of us, because the widespread adoption of a new “global currency” would be a giant step forward for the globalist agenda. The IMF did not create this new currency, but it was unveiled at a major IMF gathering earlier this week… Today, at the International...

That’s creating new tensions with the U.S. and its Western allies The ascendance of China in developing country finance threatens to add to the broader trend of “decoupling” that is unraveling trade and technology ties with the West. The debt China is owed by poor countries only consolidates its influence in Africa and other regions. “We are moving to more of a bipolar system with a very significant creditor to a great many countries bent on doing things bilaterally with its own rules,” said Carmen Reinhart, who served as the World Bank’s chief economist until last year and has directly...

Kristalina Georgieva, the managing director of the Washington-based lender of last resort, said rising interest rates have put pressure on debts, leading to “stresses” in leading economies, including among lenders. Georgieva said the world economy would expand by just 3% in this year as rising borrowing costs, combined with the war in Ukraine and scarring from the Covid-19 pandemic would suffocate growth. Adding to a growing chorus of warnings from economic leaders, the IMF chief said it was clear that risks to financial stability had increased after the recent collapse of Silicon Valley Bank and Swiss-government brokered rescue of Credit...

A new report from the International Monetary Fund predicts a sharp drop in property prices across Asia.The report points out that home prices are "flattening" across the continent coming out of the pandemic boom that the region experienced. With rates rising, risks of "significant corrections in a number of markets" are profound, according to Nikkei. The report set out "to highlight challenges in Asian housing markets linked to fast price rises especially in the advanced economies since COVID, and more broadly including many EMs in the period leading up to COVID," per the IMF.It also aimed "to draw policy lessons...

In its new report on the outlook for the global economy, the International Monetary Fund confirmed a slowdown for 2022 and was pessimistic about 2023. In identifying the causes of the gloomier forecast, the IMF highlighted Russia’s war in Ukraine, pandemic-related supply disruptions and high inflation expectations.Stagnation, anxiety and rising prices are a recipe for social and political instability. Concern is especially focused on the European Union and whether the bloc can remain united as it confronts these challenges. In times of crisis, the incentives for zero-sum thinking will strengthen, and weak national leaders will be tempted to name scapegoats...

The International Monetary Fund is warning that the world is in for a rough ride, with more than a third of the global economy forecast to contract over this year and next amid a cost-of-living crisis fueled by inflation and exacerbated by factors such as Russia’s war in Ukraine. For most people, it will feel like a recession. “The worst is yet to come,” said the fund’s Chief Economist Pierre-Olivier Gourinchas. Speaking to a packed press conference Tuesday to launch the latest World Economic Outlook, he had a grim warning on global inflation, saying it is expected to peak at...

Ukrainian President Volodymyr Zelensky said on Wednesday that the up to $20 billion lending program agreement between the country and the International Monetary Fund (IMF) has to be "finally" approved.In a speech at an event organized by the World Bank and the IMF, the Ukrainian leader specified that the nation needs $38 billion to make up for the budget deficit in 2023 and another $17 billion to cover the costs of rebuilding the critical infrastructure.Ukraine needs another $2 billion in "targeted credit" to reconstruct energy infrastructure so it could continue energy exports to Europe, as well as at least $5...

The International Monetary Fund warned on Tuesday that global financial stability risks have increased, raising the risk of a disorderly repricing in markets, as it pointed to emerging markets and housing markets as particularly vulnerable. The IMF said that "storm clouds" are looming over the global economy, including persistent inflation, a slowdown in China, and ongoing stresses from Russia's attack on Ukraine which have driven up the risk of a severe downturn to levels not seen since the onset of the Covid-19 pandemic. In its latest Global Financial Stability Report, the IMF warned that global financial stability risks had increased...

Speech by Thierry Baudet, leader of Forum for Democracy, in the Lower House of the Dutch Parliament (States-General), 22 September 2022, during the series of formal speeches and debates following the King’s speech at the State opening of Parliament. The entire cabinet walked out of the Chamber when Baudet mentioned that the Finance Minister Sigrid Kaag had studied at St Antony's College Oxford and the Speaker then intervened to prevent Mr Baudet from completing his speech. Since the FVD leader was prevented from delivering his speech, on the say-so of the Speaker who represents the party of which Minister Kaag...

ISLAMABAD — Pakistan’s military chief has reportedly sought help from the United Sates in securing the early disbursement of an International Monetary Fund loan as the high price of energy imports pushes the cash-strapped South Asian nation to the brink of a payment crisis. General Qamar Javed Bajwa spoke by phone to Deputy U.S. Secretary of State Wendy Sherman earlier this week and raised the issue, government sources told VOA late Friday on condition of anonymity. Pakistan last week reached a staff-level agreement with the IMF for the revival of a multibillion-dollar bailout package. However, the deal is subject to...

Washington (AFP) – Surging inflation and severe slowdowns in the United States and China prompted the IMF Tuesday to downgrade its outlook for the global economy this year and next, while warning that the situation could get much worse. "The outlook has darkened significantly since April," said IMF chief economist Pierre-Olivier Gourinchas. "The world may soon be teetering on the edge of a global recession, only two years after the last one." "The world's three largest economies, the United States, China and the euro area are stalling with important consequences for the global outlook," he said at a briefing. In...

Issue: July 13, 2022 https://reclaimthenet.org/wef-restricting-certain-actors-defi WEF pushes for restricting “certain types of actors and transactions” from using decentralized finance Kicking people out of the financial system. Like the response to trucker protests in Canada demonstrated earlier in the year, a centralized and tightly controlled financial system makes it very easy to punish those participating. On a much bigger scale, the same is true of entire countries – if they are dependent solely on centralized international systems, they can be cut off at any point, and those in control of the systems can use them as very effective weapons. But the...

According to the managing director of the International Monetary Fund (IMF), Kristalina Georgieva, she cautions that: “We are unable to rule out the possibility that a global recession may happen next year.” This is because the outlook for the global economy had “darkened significantly” since April. The outlook was given based on a more universal spread that includes : Inflation Substantial interest rate hikes Slowdown in China’s economic growth Escalating sanctions related to the war between Russia & Ukraine “We are in very choppy waters, we cannot just rule out a global recession as the risks are increasing,” she said.

The head of the International Monetary Fund (IMF) on Wednesday said the outlook for the global economy had "darkened significantly" since April and she could not rule out a possible global recession next year given the elevated risks. IMF Managing Director Kristalina Georgieva told Reuters the fund would downgrade in coming weeks its 2022 forecast for 3.6 per cent global economic growth for the third time this year, adding that IMF economists were still finalizing the new numbers. The IMF is expected to release its updated forecast for 2022 and 2023 in late July, after slashing its forecast by nearly...

The IMF was one of the first establishment institutions to admit that inflation was a legitimate threat to the US economy last year, however, they were very late to the game compared to economists in the alternative media. In March of 2021 IMF analysts were still arguing that inflation would be “transitory” despite the enormous $6 trillion covid stimulus in 2020 which was injected by the Federal Reserve directly into US retail markets through covid checks and PPP loans (helicopter money). Nearly all of the IMF’s predictions on inflation turned out to be wrong. This fact should be taken into...

Pakistan, a nuclear power with at least 165 warheads from short range to medium range, is facing potential economic collapse according to the country’s Finance Minister, Miftah Ismail. With an official inflation rate of over 13.37% (double the official CPI to get a more accurate picture of true price inflation), the 2nd fastest rising rate in Asia, Pakistan has sought relief from foreign debt obligations and an IMF bailout deal. Initial arrangements for a three year deal with the IMF began in 2019, but Pakistan says that deal, originally for $6 billion USD, is ‘outdated’ due to the covid pandemic...

Mostly we get lies, spin and obfuscation from central bankers, politicians and bureaucrats. But every once in a while, one of these people accidentally wanders into the truth. IMF Director Kristalina Georgieva did just that during a recent panel discussion hosted by CNBC. She conceded that central banks globally “printed too much money and didn’t think of unintended consequences.” I think we are not paying sufficient attention to the law of unintended consequences. We take decisions with an objective in mind and rarely think through what may happen that is not our objective. And then we wrestle with the impact...