Showing posts with label IMF. Show all posts
Showing posts with label IMF. Show all posts

Wednesday, December 9, 2015

Tuesday, May 12, 2015

Greece Effectively Defaults To IMF Using SDR Reserves To "Repay" Fund; 1 Month Countdown Begins

http://www.zerohedge.com/news/2015-05-12/greece-effectively-defaults-imf-using-sdr-reserves-repay-fund-1-month-countdown-begi

In sum: the IMF paid itself on behalf of Greece and will now be forced to pay itself back for paying itself later this month. Or, put differently, Greece has prepaid the IMF with IMF money it doesnt have.

Saturday, July 19, 2014

IMF's Christine Lagarde Joins The Chorus, Warns Market Is "Too Upbeat"

So wait a minute...a few bloggers warn of the dangers of echo, stimulus-induced asset bubbles resurfacing  due to QE to infinity--only to be mocked by mainstream economists.  And now the BIS, the FED, and the IMF regurgitate the warnings, and NOW we're supposed to believe them?

At this point, it's clear that the powers-that-be have created a Frankensteinian monster with which they have no idea where this uncharted money-printing process will end up.  I do...it will end in tears.  Fiat currency experiments never end well--never have, and never will.  The only question is when.

http://www.zerohedge.com/news/2014-07-19/imfs-christine-lagarde-joins-chorus-warns-market-too-upbeat

Tuesday, May 6, 2014

The IMF Vs. The American People (Again)

And for those who didn't make the connection that a Fed-induced bailout of commercial banks from Europe and the US in 2008 was essentially a US taxpayer-led bailout, you have another chance to get angry after the fact. Because the IMF is essentially on the backs of US taxpayers also.

http://www.forbes.com/sites/markhendrickson/2014/03/24/the-imf-vs-the-american-people-again/

Wednesday, April 30, 2014

Sunday, August 25, 2013

Christine Legarde quote on Europe

"The latest numbers that we have received, in particular from Germany, are encouraging, whether it's manufacturing, whether it's service activity, whether it's exports. That is heading in the right direction, but it needs to be sustained over time. And I'm crossing fingers for the Eurozone...
- Christine Legarde, IMF Managing Director

Wow.  Hope and prayer is a great strategy for the biggest economic zone in the world.

IMF chief Christine Lagarde warns of QE tapering risks

In other words, Christine Lagarde is saying we need indefinite QE, despite jawboning by the Fed about tapering or ending QE.  This confirms my conviction that QE will never end.  Because even if the Fed "tapers" purchasing of US Treasuries and mortgage-backed securities, this alone will tank both bond and equity markets--thereby necessitating an acceleration of QE later on.  This will destroy what little credibility central banks have left.

By the way, Lagarde has to toe the party line--ginning up the printing press, and maintaining rhetoric of USDollar hegemony.  Because once she goes off the reservation, she will be unceremoniously stripped of her title as IMF Managing Director, as her predecessor Dominique Straus-Kahn was.  Only in her case, they'll have to come up with other allegations than raping hotel chambermaids.

QE to infinity, bitchez.

http://www.telegraph.co.uk/finance/economics/10263597/IMF-chief-Christine-Lagarde-warns-of-QE-tapering-risks.html