“Nothing very important, but the media makes a big thing of it. They kept talking about that G20 meeting – as if they were going to change the whole world – New World Order and all that…but what could they change? These hotshots at the banks took some bad bets. Now they’ve got to pay for them. What’s all the fuss about?”
April 6th, 2009 | Bill Bonner | 1 comment | ContinuedAll Posts Tagged With: "imf"
G20 Was About Big Government Getting Bigger
“Governments know only one way of holding back recession. What do you suppose it is? Yes, the only solution they can think of is to continue the inflation. The ‘boom’ is regenerated with more bank credit and government subsidies. Companies appear to come to life again.”
April 3rd, 2009 | Dan Denning | 6 comments | Continued
IMF Gold to be Used
What’s more, Mr.Brown’s and the other top 19 world leader have agreed “not 100 billion but $250 billion of trade finance…provided over the next 2 years through export credit agencies, including $50bn through the new World Bank initiatives…”
April 3rd, 2009 | Adrian Ash | 3 comments | Continued
Geithner Ex Machina
After all, this was “the gravest global economic crisis in a half-century,” as then-World Bank economist Joseph Stiglitz called it before today’s global crisis showed up. So you needed the best minds, from the biggest and brightest international bodies, to jet in…survey the trouble…prescribe a solution (while signing a check)…and then jet out again, back to whichever hushed corridors they had just emptied.
March 13th, 2009 | Adrian Ash | 0 comments | Continued
IMF Gold Up For Sale to Pay the Bills
It has been a bad week for the International Monetary Fund. The executive board of the Fund agreed earlier this week to a plan which would see the Fund sell about 403 metric tons of its gold (13 million ounces or so) to raise…
April 11th, 2008 | Dan Denning | 0 comments | Continued
Gold Rises Despite IMF Gold Sales Plan
The International Monetary Fund (IMF) may look to sell some of its 3,217 tonnes of gold – the third largest hoard in the world – failed to deter investors from buying gold in Asia overnight. With the IMF looking to cover a budget deficit of $400 million per year, the US Congress would still need to approve the plan…
February 13th, 2008 | Adrian Ash | 2 comments | Continued
