Tag Archives | IMF

IMF Prepares For “Threat To International Monetary System”

IMFTyler Durden writes on Zero Hedge:

There is a new threat to the international monetary system which means Europe May 2010 redux is imminent. US taxpayers: our condolences.

Back in April 2010, before Waddell and Reed sold a few shares of ES, effectively destroying the market on news that Europe was insolvent, we made the following observation: “The IMF has just announced that it is expanding its New Arrangement to Borrow (NAB) multilateral facility from its existing $50 billion by a whopping $500 billion (SDR333.5 billion), to $550 billion.” Little did we know that our conclusion “something big must be coming” would prove spot on just a month later after Greece, then Ireland, then Portugal, and soon Spain, Italy, Belgium, and pretty much all other European countries would topple like dominoes tethered together by a flawed monetary regime. Well, based on news from Dow Jones we can now safely predict the following: “something bigger must be coming.”…

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French Establishment Promotes IMF Director As Presidential Candidate

By Kumaran Ira for the World Socialist Web Site:

The decision by French media and political circles to promote the International Monetary Fund managing director and leading Parti Socialiste(PS) member Dominique Strauss-Kahn as a potential presidential candidate is a stark warning to the working class. Though presented as a “left” party to the public, the PS supports the IMF’s anti-working class policies, such as the cuts carried out by Greek Prime Minister George Papandreou.

Strauss-Kahn is seen as a major potential contender against the incumbent, conservative President Nicolas Sarkozy in the 2012 presidential election. He has given prominent interviews on television and in the print media. An Ipsos-Le Point poll published on May 25 found that 76 percent of right-wing voters and 66 percent of Socialist Party voters back Strauss-Kahn for the presidency. The nomination of the PS candidate for the presidential elections will be decided at a PS-organized primary election to be held in 2011.

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Greg Palast: The Right Testicle of Hell — History of a Haitian Holocaust

Iceland to HaitiGreg Palast writes on GregPalast.com:

1. Bless the President for having rescue teams in the air almost immediately. That was President Olafur Grimsson of Iceland. On Wednesday, the AP reported that the President of the United States promised, “The initial contingent of 2,000 Marines could be deployed to the quake-ravaged country within the next few days.” “In a few days,” Mr. Obama?

2. There’s no such thing as a ‘natural’ disaster. 200,000 Haitians have been slaughtered by slum housing and IMF “austerity” plans.

3. A friend of mine called. Do I know a journalist who could get medicine to her father? And she added, trying to hold her voice together, “My sister, she’s under the rubble. Is anyone going who can help, anyone?” Should I tell her, “Obama will have Marines there in ‘a few days'”?

4. China deployed rescuers with sniffer dogs within 48 hours. China, Mr.

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