International Monetary Fund


The truth of why Europe wants Greece to suffer

Another reason why Belize should be paying attention to what is going on in Greece and start to make changes before we get to the same place. The truth about the never-ending financial crisis & the cult of extreme austerity Greece’s financial nightmare has lasted five years now. There’s no sign of real relief—for a very specific reason   For someone who writes about economics, the situation in Greece offers two enticing elements: the ability to spin out moments of high drama, and the probability it will endlessly repeat forever. We’ve experienced five years (really, here’s one of my first […]


Want to know the future of Belize? See Greece

Pay attention to what’s happening in Greece. We’ve posted about this before and things di geh dread as we say in Belize. Greece is slowly being led to slaughter house and Belize is going to the same place, Greece is at the door, Belize is making it’s way down the chute. Greece’s economy will be locked down with capital controls if it can’t find a deal by the weekend European governments are ready to push for capital controls in Greece would mean a severe lockdown on flows of cash … strict limits on the amount that could be withdrawn from […]


The 'Grexit' Issue and the Problem of Free Trade

By George Friedman The Greek crisis is moving toward a climax. The issue is actually quite simple. The Greek government owes a great deal of money to European institutions and the International Monetary Fund. It has accumulated this debt over time, but it has become increasingly difficult for Greece to meet its payments. If Greece doesn’t meet these payments, the IMF and European institutions have said they will not extend any more loans to Greece. Greece must make a calculation. If it pays the loans on time and receives additional funding, will it be better off than not paying the […]


The Globalization of Poverty and the New World Order

I’m reading this book and I must say that it is a real eye opener into the world that is really hustling and bustling around us, the same one we keep ignoring from inside our little bubble in our little corner. This is a must read and a valuable collection to any library. In these unprecedented economic times, the world is experiencing as a whole what most of the non-industrialized world has experienced over the past several decades. For a nuanced examination of the intricacies of the global political-economic landscape and the power players within it. Michel Chossudovsky takes the […]


Emerging Nations Plan Their Own World Bank

By THE ASSOCIATED PRESS WASHINGTON — Fed up with U.S. dominance of the global financial system, five emerging market powers this week will launch their own versions of the World Bank and the International Monetary Fund. Brazil, Russia, India, China and South Africa —the so-called BRICS countries — are seeking “alternatives to the existing world order,” said Harold Trinkunas, director of the Latin America Initiative at the Brookings Institution. At a summit Tuesday through Thursday in Brazil, the five countries will unveil a $100 billion fund to fight financial crises, their version of the IMF. They will also launch a […]


Greece – the Country we should be studying for what NOT to do

Seeing how the International Financial market has led nations to be on one knee and some with seemingly no hopes of getting back on their own two feet; Greece stands out today as THE example of what NOT to do to get yourself out of the hole you were thrown into. Open you browser and search for Greece and it’s financial woes and you will understand.. A bit ago we posted What happens when a country Defaults on their Foreign Debt or gets a Bailout to avoid Foreclosure? and ‘Meddlers’ upset Greek sell-offs both articles describe the dire situation in […]


Owners Of The World Bank/IMF 1

NM Rothschild & Sons Are Moving In For The Kill! Witness Their Work All Over The Globe! RIGHT NOW!!! by Raymond L’Heureux and Richard Salbat The World Bank/IMF is owned and controlled by NM Rothschild & Sons plus 30 to 40 of the wealthiest people in the world. For over 150 years they have planned to take over the planet through money. The former chief economist of the World Bank, Joe Stiglitz, was fired in 2000. He pointed out to top executives that every country the IMF/World Bank forced their way into ended up with a crashed economy, a destroyed […]


Fiancial Collapse looming ahead?

Central Banks all over are scurrying to buy up as much gold as they can. Several stories are breaking around the planet on this. Keep your eye on the prize people. Senator Ron Paul has been warning us for some time, but did we listen? Ron Paul Statement on Bernanke Hearing SPRINGFIELD, Virginia– Ron Paul, Campaign for Liberty Chairman, and former Chairman of the House Financial Services Subcommittee on Monetary Policy issued the following statement today regarding Federal Reserve Chairman Ben Bernanke’s testimony before the House Committee on Financial Services: “While I certainly don’t miss Congress, where politicians are constantly […]


John Perkins on Globalization

For many years John Perkins claimed to have been working as something he defines to be like an “economic hit man in the world of international finance”; a function he performed by persuading Third World countries to take on large scale public works projects. Today, we recognize that these types of projects, financed by the World Bank and International Monetary Fund (IMF), have served to enrich U.S. corporations while creating crippling debt for these countries, effectively turning them into American client states. Experiencing a change of heart, Perkins resigned from the business in 1981. After running a utility company, he […]


Debt inspectors face dilemma over Portugal

By BARRY HATTON | Associated Press LISBON, Portugal (AP) — Foreign inspectors faced a dilemma as they began assessing Portugal’s compliance with the terms of its financial bailout agreement Tuesday. Portugal has broadly abided by its commitments to slash spending and reform the economy in return for last year’s €78 billion ($98 billion) rescue. But falling tax revenue due to a recession means Portugal is likely to miss its budget deficit target of 4.5 percent this year. That means the bailout lenders may have to grant Portugal more time to meet its deficit goal — a concession they are hesitant […]


What happens when a country Defaults on their Foreign Debt or gets a Bailout to avoid Foreclosure? 4

Lets look that the Bailout deal struck today to attempt to save Greece from Financial disaster. EU – European Union ECB – European Central Bank IMF – International Monetary Fund The second bailout for Greece will avert imminent bankruptcy and Greece will stay in the Eurozone. The deal comes in two parts: Investors take a huge loss of $142 Billion Dollars (A loss of nearly 55%) Greece will receive 130 Billion Euros in new loans. But before that can happen they have to implement 3 Billion Euros in spending cuts. To add, they will get an interest rate reduction to […]