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Will Iran Weather the Economic Storm? -- The depreciation of the rial is unlikely to change Iran's foreign-policy calculations. The conventional wisdom that the collapse of the Iranian rial will have disastrous consequences for the Islamic Republic has it wrong: On the contrary, it could be the best thing that has happened to the Iranian economy in years. Iran is a classic case of the resource curse. OPEC founder Juan Pablo Pérez Alfonso, who served as Venezuela's oil minister, called oil "the devil's excrement" for the pernicious impact petroleum revenues had on his country's economy. The same is true for Iran, which faces the challenge of becoming a country that produces goods, not merely consumes them. Unfortunately, the current Iranian government shows few indications it will meet this challenge. Rather, history suggests that Tehran will instead persist in its populist policies, including its confrontation with the international community about its nuclear program. (Foreign Policy) | |||
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keywords: Alternative Energy, Big Oil, Bill Clinton, China, Education, European Union, International Monetary Fund, Iran, Iranian Central Bank, Iraq, Israel, Japan, Juan Pablo Pérez Alfonso, Mahmoud Ahmadinejad, Military, Nuclear Power Plants, Organization Of The Petroleum Exporting Countries, Patrick Clawson, Sanctions, Seyyed Hasan Firuzabadi, Tehran, Terrorists, United States, Venezuela, Washington Institute For Near East Policy, World War III
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£13tn hoard hidden from taxman by global elite Study estimates staggering size of offshore economy; Private banks help wealthiest to move cash into havens - A global super-rich elite has exploited gaps in cross-border tax rules to hide an extraordinary £13 trillion ($21tn) of wealth offshore -- as much as the American and Japanese GDPs put together -- according to research commissioned by the campaign group Tax Justice Network. James Henry, former chief economist at consultancy McKinsey and an expert on tax havens, has compiled the most detailed estimates yet of the size of the offshore economy in a new report, The Price of Offshore Revisited, released exclusively to the Observer. He shows that at least £13tn -- perhaps up to £20tn -- has leaked out of scores of countries into secretive jurisdictions such as Switzerland and the Cayman Islands with the help of private banks, which vie to attract the assets of so-called high net-worth individuals. Their wealth is, as Henry puts it, "protected by a highly paid, industrious bevy of professional enablers in the private banking, legal, accounting and investment industries taking advantage of the increasingly borderless, frictionless global economy". According to Henry's research, the top 10 private banks, which include UBS and Credit Suisse in Switzerland, as well as the US investment bank Goldman Sachs, managed more than £4tn in 2010, a sharp rise from £1.5tn five years earlier. (London Guardian) | |||
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keywords: Bank Of International Settlements, Big Oil, Brendan Barber, Cayman Islands, Credit Suisse, Financial Crisis, G20, Goldman Sachs, International Monetary Fund, James Henry, Japan, John Christensen, Mckinsey, Monaco, Nigeria, Philip Green, Russia, Saudi Arabia, Switzerland, Tax Havens, Tax Justice Network, Topshop, UK Uncut, Ubs, United Kingdom, United States
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Bilderberg 2010: Between the sword and the wall The Catalan police are refreshingly friendly. But if the time for action comes, whose side will they be on? - "Do you know how much this is costing?" asked Hannah. "Do you think the Spanish economy can afford all this?" Grimly, the enormous bald detective started deleting images of his comrades with his giant thumb. "Your opinion," he growled, "is right." (London Guardian) | |||
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keywords: Athens, Augusto Pinochet, Baltasar Garzon, Barcelona, Bilderberg Group, Catalan, Charlie Skelton, El Público, Greece, International Monetary Fund, Ivan Torres, Jim Tucker, London Guardian, Police, Rafa Palacios, Sitges, Spain, Stop Secrets Movement, United Kingdom
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Bilderberg 2010: Why the protesters are your very best friends The people who are being detained, searched and questioned are not playing some game. They are deadly serious, and they are worried to death - The head of the IMF (and Bilderberger), Dominique Strauss-Kahn, looks at the world and declares: "Crisis is an opportunity." He sees the precarious global economy and floats the idea for "a new global currency issued by a global central bank". (London Guardian) | |||
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keywords: Al-jazeera, Alternative Media, Barclays, Bilderberg Group, Catalan, Daniel Estulin, Dominique Strauss-kahn, Fiat, France, Germany, Greece, International Monetary Fund, Ivan Torres, John Elkann, London Guardian, Mossos D'esquadra, New World Order, Portugal, Russia, Russia Today, Schall Und Rauch, Sitges, Spain, United Kingdom
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German president resigns after remarks about military, creating new headache for Merkel German president quits over military remarks - That was taken by many as relating to Germany's unpopular mission in Afghanistan, although his office later said that he was referring to anti-piracy patrols off the coast of Somalia. Germans are often uneasy about deployments abroad, given the country's militaristic past, and the mission in Afghanistan makes many particularly uncomfortable. (Associated Press) | |||
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keywords: Afghanistan, Angela Merkel, Financial Crisis, German Constitution, Germany, Horst Koehler, International Monetary Fund, Jens Boehrnsen, Military, Somalia, World Cup
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Is Europe heading for a meltdown? This financial crisis is worse than the sub-prime crash of 2008 because the sums are so much bigger and it is governments that are in dire straits. Edmund Conway explains the dangers. (London Telegraph) | |||
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keywords: Alan Greenspan, Angela Merkel, Bank Of England, Bernie Madoff, Brussels, Dow Jones, EU Treasury, Euro, European Central Bank, European Union, Financial Crisis, France, Ftse Group, Germany, Great Depression, Greece, Hbos, Herman Van Rompuy, International Monetary Fund, Italy, Lehman Brothers, Mervyn King, Netherlands, Nicolas Sarkozy, Portugal, Residential Mortgage-backed Securities, Royal Bank Of Scotland, Spain, United Kingdom, United States, Wall Street
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A List of Goldman Sachs People in the Obama Government: Names Attached to the Giant Squid’s Tentacles Here you will find, I believe, the most comprehensive list of people-groups yet available to show how Obama’s administration has really become the Goldman Sachs administration. The Obama administration is not the first administration that Goldman has infiltrated, although it is perhaps the one that has been most completely co-opted from top to bottom. (Fire Dog Lake) | |||
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keywords: Adam Storch, Alan Greenspan, Alexander Hamilton, Alice Rivlin, American International Group, Anne Fudge, Asia, Bailouts, Barack Obama, Berkshire Hathaway Inc, Bill Clinton, Bill Dudley, Brookings Institution, Business Intelligence Group, California, Citigroup, Commodity Futures Trading Commission, Commonwealth Edison, Congressional Budget Office, Council On Foreign Relations, David Lipton, Desmond Lachman, Diana Farrell, Douglas Elmendorf, Eric Mindich, Evercore Partners, Federal Reserve, Financial Crisis, Galleon Group, Gary Gensler, Gene Sperling, George W Bush, Goldman Sachs, Great Depression, Gregory Craig, Hamilton Project, Harold Ford, Health Care, Henry Paulson, Hillary Clinton, Illinois, International Monetary Fund, Jacob Lew, James Rubin, Jason Furman, Jesse Unruh, John Kenneth Galbraith, Joseph Biden, Karen Kornbluh, Lael Brainard, Larry Summers, Lehman Brothers, Mark Gallogly, Mark Patterson, Massachusetts Institute Of Technology, Matt Taibbi, Medicare, Mexico, Michael Frohman, Michael Greenstone, Military, Neel Kashkari, New York Stock Exchange, North American Free Trade Agreement, O'melveny And Myers, Ohio, Peco Energy CO, Pennsylvania, Penny Pritzker, Peter Orszag, Quadrangle Group, Rahm Emanuel, Raj Rajaratnam, Robert Hormats, Robert Reischauer, Robert Rubin, Roger Altman, Salomon Smith Barney, Securities And Exchange Commission, Social Security, Stanford Group, Stephen Friedman, Steve Rattner, Thomas Donilon, Timothy Geithner, US Congress, US Department Of State, US Department Of The Treasury, Unicom Corp, United States, University Of Minnesota, Vietnam War, Warren Buffett, White House
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Global Governance Today Jean-Claude Trichet, President, European Central Bank, New York - It was an unexpected crisis -- largely unexpected in its dimension and in its global nature -- even if it was clear that a number of academics; a number of central banks, I have to say; and also, a number of at his own institution very, very clearly -- the BIS -- had signaled that we were living in a world of general under appreciation of risks in the financial markets. And I have to say I was, myself, on record for having said that quite a time before the first turbulences erupted. But that being said, what we have observed is really something which was very big -- bigger than was expected. And with a number of features that were really also unique. - “A set of rules, institutions, informal groupings and cooperation mechanisms that we call “global governance”. (Council on Foreign Relations) | |||
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Source Removed! AltBib.Com Backup:
http://AltBib.Com/bak/dox/4606.html | ||||
keywords: Asia, Bank For International Settlements, Big Oil, Bill Clinton, Bill Mcdonald, Charles Peter Mccolough, China, Citigroup, Clarium Capital Management, Council On Foreign Relations, Euro, European Central Bank, European Union, Financial Crisis, Financial Stability Board, Financial Stability Forum, France, G10, G20, G7, Germany, Greece, International Monetary Fund, James Tunkey, Jean-claude Trichet, John Brademas, Kevin Harrington, London School Of Economics, Lynn Forester De Rothschild, Mahesh Kotecha, New York City, Richard Haass, Robert Rubin, Stimulus Package, US Congress, United States, Wilhelm Buiter, World Bank
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US prepares to push for global capital rules The G20 communiqué on Friday said: “We recommitted to developing by end-2010 internationally agreed rules to improve both the quantity and quality of bank capital and to discourage excessive leverage.” (Financial Times) | |||
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Securitization, Mortgage-Backed Securities, Collateralized Debt Obligations, and Credit Default Swaps From Wikipedia, the free encyclopedia Securitization is a structured finance process that distributes risk by aggregating debt instruments in a pool, then issues new securities backed by the pool. The term “Securitisation” is derived from the fact that the form of financial instruments used to obtain funds from the investors are securities. As a portfolio risk backed by amortizing cash flows – and unlike general corporate debt – the credit quality of securitized debt is non-stationary due to changes in volatility that are time- and structure-dependent. If the transaction is properly structured and the pool performs as expected, the credit risk of all tranches of structured debt improves; if improperly structured, the affected tranches will experience dramatic credit deterioration and loss.[1] All assets can be securitized so long as they are associated with cash flow. Hence, the securities which are the outcome of Securitisation processes are termed asset-backed securities (ABS). From this perspective, Securitisation could also be defined as a financial process leading to an issue of an ABS. (Foreclosure Fraud) | |||
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keywords: Credit Default Swaps, European Union, Fannie Mae, Freddie Mac, Ginnie Mae, International Monetary Fund, Raghuram Rajan, Residential Mortgage-backed Securities, United States, Warren Buffett
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The IMF and Our Increased Dependence on Faux-Experts I was in Korea last week with a collection of suit-wearing hotshots. On a panel sat Takatoshi Kato, IMF Deputy Managing Director. Before the discussion he gave us a powerpoint lecture showing the IMF projections for 2010, 2011, ..., 2014. I could not control myself and got into a state of rage. I told the audience that the next time someone from the IMF shows you projections for some dates in the future, to show us what they PROJECTED for 2008 and 2009 in 2004, 2005, ..., and 2007. They would then verify that Mr. Takatoshi and his colleagues provide a prime illustration to the "expert problem": they serve as experts while offering the scientific reliability of astrologers. Anyone relying on them is a turkey. (Huffington Post) | |||
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keywords: Barack Obama, International Monetary Fund, Nassim Nicholas Taleb, South Korea, Takatoshi Kato, United States
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Obama’s Embrace of a Bush Tactic Riles Congress President Obama has issued signing statements claiming the authority to bypass dozens of provisions of bills enacted into law since he took office, provoking mounting criticism by lawmakers from both parties (New York Times) | |||
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keywords: American Bar Association, Barack Obama, Barney Frank, Bill Clinton, Charles Grassley, Daniel Meltzer, David Barron, David Obey, George W Bush, H Thomas Wells, International Monetary Fund, John Mccain, Martin Lederman, Ronald Reagan, Torture, Trevor Morrison, US Congress, US Constitution, US Department Of Justice, US Supreme Court, United Nations, United States, Usa Patriot Act, World Bank
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Controlling the Global Economy: Bilderberg, the Trilateral Commission and the Federal Reserve Global Power and Global Government: Part 3 (Global Research) | |||
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keywords: Ahmed Yamani, Allen Dulles, Anwar Sadat, Argentina, Arthur Miller, Augusto Pinochet, Bank For International Settlements, Bayless Manning, Belgium, Big Oil, Bilderberg Group, Brazil, British Petroleum, Carnegie Corporation, Central Intelligence Agency, Chile, Council Of The Americas, Council On Foreign Relations, Coup, Cuba, Cyrus Vance, David Rockefeller, Dollar, Doonie Edwards, Edmund Leopold De Rothschild, Etienne Davignon, Euro, European Central Bank, European Coal And Steel Community, European Economic Community, European Movement, European Parliament, European Union, Federal Reserve, Financial Crisis, Ford Foundation, France, Germany, Globalization, Harold Brown, Henry Kissinger, Houston TX, International Financial Institutions, International Monetary Fund, Iran, Israel, James Akins, Japan, Jimmy Carter, Joseph Nye, Joseph Stiglitz, Luxembourg, Mcgeorge Bundy, Mexico, Middle East, National Petroleum Council, Nelson Rockefeller, Netherlands, Office Of Strategic Services, Organization Of The Petroleum Exporting Countries, Paul Volcker, Richard Cooper, Richard Nixon, Robert Schuman, Rockefeller Foundation, Royal Dutch Shell, Russia, Salvador Allende, Samuel Huntington, Saudi Arabia, Saudi Arabian Monetary Agency, Total Sa, Trilateral Commission, US Department Of State, US National Security Council, United Kingdom, United States, Venezuela, Vietnam War, Wall Street, Walter Bedell Smith, Walter Mondale, Warren Christopher, White House, William J Donovan, William Rogers, World Bank, World War II, Zbigniew Brzezinski
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Ron Paul answers questions about Bernake and HR1207 (CNBC) | |||
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Max Keiser takes offense to Goldman Sachs story (2 of 2) (France 24) | |||
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keywords: 9/11, Bank For International Settlements, Bank Of England, Ben Bernanke, Bretton Woods, China, Derivatives, Dollar, Euro, European Central Bank, European Union, Financial Crisis, Goldman Sachs, Henry Paulson, International Monetary Fund, Max Keiser, Russia, Special Drawing Rights, United States, Yen
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Foreign Policy Address at the Council on Foreign Relations by Hillary Rodham Clinton “We get a lot of advice from the Council, so this will mean I won’t have as far to go to be told what we should be doing and how we should think about the future.” (Department of State) | |||
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keywords: Afghanistan, Al-qaeda, Barack Obama, Brazil, China, Climate Change, Cold War, Council On Foreign Relations, Detainees, Drug Cartels, European Union, Financial Crisis, G20, G8, Ghana, Guantanamo Bay, Hillary Clinton, India, Indonesia, International Monetary Fund, Iran, Iraq, Israel, Japan, Lebanon, Liberia, Mexico, Middle East, Military, North Atlantic Treaty Organization, North Korea, Nuclear Weapons, Palestine, Religion, Russia, South Africa, South Korea, Taliban, Terrorists, Turkey, Twitter, US Department Of State, United Nations, United States, War On Drugs, World Bank
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The Great American Bubble Machine From tech stocks to high gas prices, Goldman Sachs has engineered every major market manipulation since the Great Depression — and they're about to do it again - But then, any attempt to construct a narrative around all the former Goldmanites in influential positions quickly becomes an absurd and pointless exercise, like trying to make a list of everything. What you need to know is the big picture: If America is circling the drain, Goldman Sachs has found a way to be that drain — an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in a society governed passively by free markets and free elections, organized greed always defeats disorganized democracy. (Rolling Stone) | |||
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keywords: Al Gore, Alan Greenspan, Alternative Energy, American International Group, Arjun Murti, Bailouts, Bank Of America, Barack Obama, Bart Stupak, Bear Stearns, Big Oil, Bill Clinton, Blue Ridge Corporation, Blue Source Llc, British Petroleum, British Petroleum, Brooksley Born, California, California Public Employees' Retirement System, Canada, Carbon Dioxide, Changing World Technologies, Chicago Climate Exchange, Citigroup, Climate Change, Collateralized Debt Obligations, Commodity Futures Trading Commission, Countrywide, Cramer & CO, Credit Default Swaps, Daimlerchrysler, David Blood, David Viniar, Dennis Kozlowski, Derivatives, Ebay, Ed Liddy, Electric Vehicles, Eliot Spitzer, Enron, Eric Salzman, Etoys, Fannie Mae, Federal Deposit Insurance Corporation, Federal Reserve, Financial Crisis, Freddie Mac, Gary Gensler, Generation Investment Management, George W Bush, Germany, Gibson Greetings, Goldman Sachs, Great Depression, Green Growth Fund, Gsamp Trust, Henry Paulson, Horizon Wind Energy, International Monetary Fund, Internet, Internet Bubble, Ipos, Italy, J Arons & CO, Jay Ritter, Jerry Yang, Jim Cramer, Jmp Securities, John Kenneth Galbraith, John Mccain, John Thain, Jon Corzine, Joshua Bolten, Kansas, Keith Olbermann, Ken Lay, Ken Newcombe, Larry Summers, Lehman Brothers, Lloyd Blankfein, Lloyd Doggett, Marcus Goldman, Mark Ferguson, Mark Patterson, Massachusetts, Massachusetts Institute Of Technology, Meg Whitman, Merrill Lynch, Michael Greenberger, Michael Hecht, Michael Masters, Moody's, Nasdaq, National Economic Council, Neel Kashkari, Neil Levin, Netzero, New Jersey, New York, New York City, New York Stock Exchange, New York Times, Nicholas Maier, Oil Bubble, Orange County, Peter Harris, Procter & Gamble, Residential Mortgage-backed Securities, Robert Rubin, Robert Steele, Samuel Sachs, Securities And Exchange Commission, Shenandoah Corporation, Sidney Weinberg, Simon Johnson, Standard & Poor's, Stephen Friedman, Strategic Petroleum Reserve, Texas, Tyco International, US Congress, US Department Of The Treasury, US Energy Information Administration, US Government Accountability Office, United States, University Of Florida, University Of Maryland, Wachovia, Wall Street, Webvan, White House, William Dudley, World Bank, Yahoo
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The Emperor's Seven Signing Statements "[P]rovisions of this bill within sections 1110 to 1112 of title XI, and sections 1403 and 1404 of title XIV, would interfere with my constitutional authority to conduct foreign relations by directing the Executive to take certain positions in negotiations or discussions with international organizations and foreign governments, or by requiring consultation with the congress prior to such negotiations or discussions. I will not treat these provisions as limiting my ability to engage in foreign diplomacy or negotiations." ... vs candidate Obama, "I will not use signing statements to nullify or undermine congressional instructions as enacted into law." (American Chronicle) | |||
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Obama issues signing statement on $106B war bill The Obama administration announced in the statement it would disregard provisions of the legislation that, among other things, would compel the Obama administration to pressure the World Bank to strengthen labor and environmental standards and require the Treasury department to report to Congress on the activities of the World Bank and International Monetary Fund (IMF) (The Hill) | |||
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Ron Paul: Obama’s ‘goal’ is economic collapse “From their spending habits, an economic collapse seems to be the goal of Congress and this administration,” (The Raw Story) | |||
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U.S. House Approves War-Spending Bill Amid Dispute Over IMF A $106 billion bill funding the wars in Iraq and Afghanistan won approval in the U.S. House, overcoming nearly unified opposition from Republicans who opposed the measure’s aid to the International Monetary Fund (Bloomberg) | |||
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House approves war bill with IMF funds Down to the wire Tuesday, Obama and his top aides had to intercede to hold Democrats together in the face of anti-war liberal blogs and conservative attacks on new financing for the International Monetary Fund (Politico) | |||
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| No one talking about dumping dollar: China minister (Reuters) | |||
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NWO Conference Montreal June 8, 2009 (Prison Planet) | |||
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Russia: New world reserve currency a decade away Moscow's finance minister says China's Yuan the 'shortest path' to new world reserve; predicts 'new major currency unions' not soon to emerge (The Raw Story) | |||
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keywords: Alexei Kudrin, Belgium, Brazil, China, G20, International Monetary Fund, New World Order, Russia, Switzerland
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A Tale of Two Depressions World industrial production, trade, and stock markets are diving faster now than during 1929-30 (Vox) | |||
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keywords: Belgium, Ben Bernanke, Canada, Chile, Czech Republic, Dow Jones, European Union, Financial Crisis, George Harrison, Germany, Great Depression, International Monetary Fund, Japan, Poland, Standard & Poor's, Sweden, United States, Wall Street
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Ron Paul on House floor, "Congress Doesn't Care About Cause Of Crisis/No End To Secret Prisons" (CSPAN) | |||
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keywords: Afghanistan, Barack Obama, Carbon Dioxide, Detainees, Dick Cheney, Federal Reserve, Financial Crisis, George W Bush, Habeas Corpus, International Monetary Fund, Iraq, Middle East, Military, Rendition, Ron Paul, Texas, Torture, US Congress, US Department Of The Treasury, Wall Street, War On Drugs
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Democrats agree to IMF money in U.S. war bill reached a deal to boost support to the International Monetary Fund, lawmakers' aides said on Tuesday, a victory for President Barack Obama who pledged to help the lender assist countries in the global economic crisis (Reuters) | |||
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keywords: Afghanistan, Barack Obama, Boeing, Center For Global Development, Financial Crisis, International Monetary Fund, Iraq, Lockheed Martin, Military, Pakistan, United States, US Congress
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War funding fight gets complicated a wartime spending bill could soon exceed $100 billion, adding to the risks of an already tense fight in the House over the addition of new financing for the International Monetary Fund (Politico) | |||
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Bilderberg Agenda Exposed a keen interest in persuading the United States to surrender sovereignty to the International Criminal Court, or ICC (American Free Press) | |||
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keywords: Alexis O'brien, American Society Of International Law, Athens, Barack Obama, Bilderberg Group, Carl Bildt, Deutsche Bank, European Central Bank, European Parliament, European Union, Financial Crisis, France, Germany, Greece, International Association Of Securities Commissions, International Criminal Court, International Monetary Fund, Ireland, Jean-claude Trichet, Jim Tucker, Jo Ackermann, Lisbon Treaty, Margaret Thatcher, North American Free Trade Agreement, Poland, Police, Robert Zoellick, Sweden, Timothy Geithner, United Nations, United States, US Department Of Health And Human Services, US Department Of State, US Department Of The Treasury, Securities And Exchange Commission, US Supreme Court, World Department Of Treasury, UN World Health Organization, Zohar Goshen
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| Zoellick Warns Stimulus ‘Sugar High’ Won’t Stem Unemployment (Bloomberg) | |||
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keywords: Barack Obama, Belarus, Brazil, China, Financial Crisis, Goldman Sachs, Hungary, India, International Monetary Fund, Latvia, Robert Zoellick, Romania, Ronald Reagan, Serbia, Stimulus Package, Timothy Geithner, Ukraine, United States, US Department Of The Treasury, World Bank, World Trade Organization
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Brazil and China eye plan to axe dollar will work towards using their own currencies in trade transactions rather than the US dollar (Financial Times) | |||
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keywords: Argentina, Brazil, China, Dollar, G20, International Monetary Fund, Special Drawing Rights, United States
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The Alex Jones Show interviews Jim Tucker at Bilderberg 2009 Alex talks with intrepid Bilderberg hound and journalist Jim Tucker, who is in Greece covering the elitist confab to be held at the Astir Palace Hotel Resort in Athens. Alex also welcomes London Guardian writer Charlie Skelton to discuss being detained by police in Greece for taking a photograph outside Bilderberg's hotel. (Prison Planet) | |||
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keywords: Alex Jones, Alternative Media, Athens, Barack Obama, Bilderberg Group, Direct Tax, Financial Crisis, France, Germany, Greece, International Criminal Court, International Monetary Fund, Ireland, Jim Tucker, Lisbon Treaty, Martial Law, Pandemic, Swine Flu, Timothy Geithner, UN World Health Organization, US Congress, United Nations, United States, World Department Of Health, World Department Of Treasury
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Naomi Klein, columnist for The Nation, author of "The Shock Doctrine", and joins Rachel Maddow to analyze the financial sector bailouts as "disaster capitalism" (MSNBC) | |||
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Top Senate Democrat: bankers "own" the U.S. Congress Former Barney Frank staffer now top Goldman Sachs lobbyist (Salon) | |||
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A Bigger, Bolder Role Is Imagined For the IMF Changes Suggest Shift in How Global Economy Is Run (Washington Post) | |||
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Obama proposes US loan $100 billion to International Monetary Fund The president made the request in several letters to Democratic and Republican congressional leaders Monday, pointing out that the fund didn’t require an extra financial outlay from the U.S. (The Raw Story) | |||
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G20: additional funding will benefit Western European banks tripling of the IMF's resources to $750 billion and an increase of $100 billion in the multilateral development banks' lending capacity (Banking Business Review) | |||
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keywords: Barack Obama, Belarus, Belgium, Central And Eastern Europe, European Union, Financial Crisis, G20, Hungary, International Monetary Fund, Japan, Latvia, Netherlands, Serbia, Sweden, Switzerland, Ukraine, United States
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| Why Supplanting the Dollar Would Be Good for America (Time Magazine) | |||
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The G20 moves the world a step closer to a global currency The world is a step closer to a global currency, backed by a global central bank, running monetary policy for all humanity (London Telegraph) | |||
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keywords: Barack Obama, Belarus, Bosnia, China, Dollar, Dominique Strauss-kahn, Financial Crisis, France, G20, Gordon Brown, Hungary, Iceland, International Monetary Fund, Latvia, Mexico, Nicolas Sarkozy, Pakistan, Romania, Russia, Serbia, Special Drawing Rights, Ukraine, United Kingdom, United States
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| G20: Gordon Brown woos China with offer of greater voting powers (London Guardian) | |||
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Growth to slow down hitting hard the poor countries Gross Domestic Product (GDP) growth in the developing world will slow to a projected 2.1 per cent in 2009 from 5.8 per cent in 2008 (Financial Express) | |||
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UN panel touts new global currency reserve system A UN panel of expert economists pressed Thursday for a new global currency reserve scheme to replace the volatile, dollar-based system and for coordinated steps by rich countries to stimulate their economies (Agence France-Presse) | |||
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Geithner 'open' to China proposal, at the Council on Foreign Relations "We're actually quite open to that suggestion, you should see it as rather evolutionary rather building on the current architecture rather than moving us to global monetary union," (Politico) | |||
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Geithner Plan Will Rob US Taxpayers: Stiglitz The U.S. government is basically using the taxpayer to guarantee against downside risk on the value of these assets, while giving the upside, or potential profits, to private investors (CNBC) | |||
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Obama: No need for a 'global currency' Australian PM voices support for the dollar, says new currency not on G20's agenda (The Raw Story) | |||
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US defends dollar as reserve currency Both Federal Reserve chief Ben Bernanke and Treasury Secretary Timothy Geithner said that they would not allow the dollar to be stripped of the premier status as suggested by Beijing (The Raw Story) | |||
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IMF poised to print billions of dollars in 'global quantitative easing' The International Monetary Fund is poised to embark on what analysts have described as "global quantitative easing" by printing billions of dollars worth of a global "super-currency" in an unprecedented new effort to address the economic crisis. (London Telegraph) | |||
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keywords: Alistair Darling, Bank Of England, Financial Crisis, G20, George Soros, International Monetary Fund, Simon Johnson, Ted Truman, US Department Of The Treasury, United Kingdom, United States
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IMF poised to print billions of dollars in 'global quantitative easing' The International Monetary Fund is poised to embark on what analysts have described as "global quantitative easing" by printing billions of dollars worth of a global "super-currency" in an unprecedented new effort to address the economic crisis (London Telegraph) | |||
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France, Germany Want Global Black List for Tax Havens In the future, no country, no institution and no financial product should be allowed to remain beyond regulation (Deutsche Welle) | |||
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