Meet the next set of bankers that will be given the task of saving the American economy, the International Monetary Fund.

When America has been completely looted by Wall Street and the economy has collapsed, this group will be put in charge of resurrecting the American economy.

Using the same methods they have around the world, by selling off ( Read more... )

ASIAN Alternative to IMF

Asian nations agree to set up crisis fund
2 days ago

MADRID (AFP) — Finance ministers of 13 Asian nations agreed here on Sunday to set up a foreign exchange pool of at least 80 billion dollars (52 billion euros) to be used in the event of another regional financial crisis.

China, Japan and South Korea will provide 80 ( Read more... )

The IMF Comes Home to Roost
by ActivistGuy
Sat Sep 20, 2008 at 10:27:34 PM PDT

With the recent upheavals in finance capital, and the vast government bailouts that have been put in place, certain terms have gained appropriate currency.  Many have quite appropriately been referring to Naomi Klein's "Shock Doctrine".  I've been calling it IMF Economics ( Read more... )

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IMF Contemplates System Failure. Could it be the 1.2 Quadrillion in Derivatives?

Thar She Blows

Economic Policy

by Mike Whitney | July 29, 2008

The Bush administration will be mailing out another batch of "stimulus" checks in the very near future. There's no way around it. The Fed is in a pickle and can't lower interest rates for fear that food ( Read more... )

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Is this just the start of Banking problems?
British study links IMF loans to tuberculosis

By James S. Henry

July 22, 2008

Research support for this piece was provided by The Nation Institute.

For what is the crime of burglarizing a bank, compared with the crime of building one? --Bertolt Brecht

The Hearing: Last week in Washington we got a rare ( Read more... )

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Levin Calls for Closing Down UBS

By Ambrose Evans- Pritchard

Last Updated: 6:53am BST 21/07/2008

It feels like the summer of 1931. The world's two biggest financial institutions have had a heart attack. The global currency system is breaking down. The policy doctrines that got us into this mess are bankrupt. No world leader seems able to ( Read more... )

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IMF sticks by $1 trillion U.S. subprime fallout
Global stocks shake over U.S. financial fears Consumer prices jump 1.1 percent in June

By MARTIN CRUTSINGER, AP Economics Writer 18 minutes ago

Consumer prices shot up in June at the second fastest pace in 26 years with two- ( Read more... )

IMF finally knocks on Uncle Sam's door

David HIrst

June 30, 2008

IMAGINE the Reserve Bank of Australia, concerned that its friends in the city of Sydney (but perhaps Melbourne) who, having wallowed in wealth all their adult lives, were no longer gainfully employable and their wildly extravagant lifestyles were in danger, and, having the powers ( Read more... )

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Barrage of bad news pushes Dow to lowest level in two years
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House of Cards
US house prices slump 23% in 3 months 
Faster Inflation May Unleash `Financial Tsunami'

06/26/2008 04:24 PMWEST WING

The Shrinking Influence of the US Federal Reserve

By Gabor ( Read more... )

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The US economy is likely to “stagnate” in the second half of this year, the IMF warned on Friday, as stock markets in the US and Europe fell to their lowest levels since March.

- 21 / 06 / 2008 09:58

The US economy is likely to “stagnate” in ( Read more... )