IMF Predicts China to Surge, Yet Again, Next Year
Eric Zuesse The IMF now predicts that China next year will have the highest rate of economic growth since 2011, which was the last time when China’s GDP growth-rate exceeded 9% (at 9.6%). China’s growth-rate had averaged around 9% between 1978 and 2011, then slid to around 6.5%. If the IMF is correct, then 2021…
IMF Sees Global Economic Growth Accelerating, U.S. Slowing Down
The growth of the global economy will pick-up pace in 2020 and continue to accelerate the following year, the International Monetary Forum predicted Monday in a quarterly update to its World Economic Outlook. Global gross domestic product will expand by 3.3 percent in 2020 and 3.4 percent in 2021, up from 2.9 percent in 2019, the…
Argentina’s New President Pushes Back Against IMF Nation-Stripping
Submitted by Matthew Ehret… When Christina Fernandez de Kirschner was ousted from power in 2015, many thought that Argentina was lost to the international financiers which her late husband Nestor Kirschner (2003-2007) fought so valiantly against. The Kirschners together made a powerful team, valiantly fending off the Wall Street/City of London “vulture funds” which act…
Ukraine’s IMF Gold and the Gold Carry Trade
Submitted by Steve Brown… Let’s first consider a typical International Monetary Fund (IMF) loan to a sovereign in trouble, and then examine a typical gold carry trade transaction to support a sovereign arms deal. The intent is to demonstrate the importance of physical sovereign gold holdings in all forms of international trade. Semi-failed and failed…
Living Under the Spectre of Hyperinflation: 1923 Weimar and Today
Authored by Matthew Ehret via The Strategic Culture Foundation: While world’s attention is absorbed by tectonic shifts unfolding across the Middle East, and as many Americans are brainwashed to believe the 2020 elections are driven by the need to impeach President Trump, something very ominous has appeared “off of the radar” of most onlookers. This…
Syria is Lost…Lebanon’s Gold is Next
Submitted by Steve Brown… The largest reserve gold traders on the planet are the six bullion banks. A bullion bank is a large multi-national bank authorized to serve as a conduit through which Central Banks – and the Fed primary dealers – loan their gold out into the market. All central banks lease gold, to…
Argentina faces 9th default after LaGarde’s record $57 billion bailout (Video)
The Duran’s Alex Christoforou and Editor-in-Chief Alexander Mercouris discuss Argentina elections set to take place on October 27th. Argentina has imposed capital controls as the country is on the brink of its 9th default. Argentina’s Presidential front-runner has openly blamed, soon to be ECB head and former IMF chief Christine Lagarde, for the country’s imminent…
