The IMF Thinks Robbing Your Bank Account Is A Great Idea! A 10% Bail-In Tax On All Eurozone Savings In The Making!

Are you ready to get Cyprussed? This is a story that should raise an eyebrow or two on every single face in Europe, and beyond. I saw the first bits of it on a Belgian site named Express.be, whose writers in turn had stumbled upon an article in French newspaper Le Figaro, whose writer Jean-Pierre […]

Max Keiser and Stacey Herbert on The IMF Or Why You Should Be Very Worried When They Give Us Compliments

John Key is happy that the IMF gives New Zealand Compliments. He should be because he is a banker and wants his ilk to thrive. But why should we be happy with the compliments of its CEO Christine Lagarde who in her  homeland France recently had her apartment raided as part of an ongoing investigation […]

Just In Case You Think Greece Is Saved!

It took the charming three tries for Greece to get its third “bailout”, which incidentally does not bail out anyone except the hedge funds who went long GGBs because the only actual winners resulting from yesterday’s transaction – those benefiting from Europe’s AAA club fund flows are hedge funds as explained previously. As for Greece, […]

Only the little people pay tax! Another breathtaking moment of callousness from Christine Lagarde

Every time I think that this time I can start my day in the “real” world at a halfway decent time another gem pops up keeping me glued to the screen in utter amazement at the callousness of the 1%! On the 25th of May Christine Lagarde, head of the IMF also known as the […]

Enter the next phase of the collapse!

As was inevitable the financial collapse is entering a new and dangerous new phase. A month ago it was announced that with the bail out of the big European banks over the backs of the Greeks Greece had solved Europe’s financial woes but now the next and inevitable phase  will slowly develop as Ponzi schemes […]

Bloomberg Sues The Bucket Shop Known As The ECB, Seeks Disclosure Of Secret Greek Swap Documents

Here is what Bucket shop means for those who don’t know. And so the spirit of Mark Pittman lives on. Bloomberg, which last year sued the Fed in a landmark FOIA case, and won (a decision which is being appealed by the kleptocrats but not the Fed), has decided to go transatlantic, and is now […]

Greece has defaulted and that is a good thing in the long run!

As the news reaches us that as predicted the city councils throughout New Zealand have ratcheted up the highest debts per capita ever Moody has declared Greece in default. This presents a clear case of a default event and while the central banks and other fraudulent finance institutions such the IMF et all. want us […]

Are George Soros, The IMF And The World Bank Purposely Trying To Scare The Living Daylights Out Of Us?

So far Soros has a finger in every dirty pie, no compunction about manipulating global events and entire Nations so I’m not in any doubt he is doing exactly that. But I also think that we are indeed heading to collapse and chaos. Over the past couple of weeks, George Soros, the IMF and the […]

The plunder commences: Risk of IMF calling on NZ$1.3 bln loan from NZ govt to help with Euro crisis rising, as rumours swirl of Italian bailout too big for the IMF’s coffers

Here is where John Key and his banking mates are commencing to plunder out coffers. More on this and John Key’s connection with the true owners of Fletcher building on Monday. I’m going to have a well deserved weekend off because I feel a tad drained after the election educational efforts! The risk of the […]

International Monetary Fund Slowly Taking Over as Global Economic Regulator and Banker

AP writes: The Group of 20 countries have made the [IMF] the linchpin in their efforts to combat the worst economic downturn since the Great Depression The Washington Post notes: Global financial chiefs agreed yesterday to reshape the International Monetary Fund, moving to broaden its mission … The IMF, which in recent years had become […]

IMF warns recession will be ‘unusually long-lasting’

More than half of the world’s countries have been plunged into recession by the credit crunch, a higher proportion than at any time since 1960, according to the International Monetary Fund, which warns today that the downturn is likely to be “unusually severe and long-lasting”, and will starve developing countries of resources. As the world’s […]

John R. MacArthur: Wall Street sharks circle the UAW

BARACK OBAMA’S commitment to helping labor has always been suspect, but handing over the American car business to the investment banker Steven Rattner might well turn the president into the last great union buster. To be sure, we’re already long past the point where industrial unions have any real clout in our so-called service economy […]

Financial Meltdown: The Doublespeak of a Discredited IMF

The international crisis that broke in summer 2008 demolished all the neo-liberal dogmas and exposed the deception behind them. Unable to deny their failure, the World Bank and the International Monetary Fund claim they no longer uphold the set of neo-liberal policies known as the Washington Consensus. Yet, discredited though they may be, these two […]

IMF Says Advanced Economies Already in Depression

By Angus Whitley and Shamim Adam Feb. 7 (Bloomberg) — Advanced economies are already in a “depression” and the financial crisis may deepen unless the banking system is fixed, International Monetary Fund Managing Director Dominique Strauss-Kahn said. “The worst cannot be ruled out,” Strauss-Kahn said in Kuala Lumpur, where he was attending a gathering of […]