Tag Archives: imf

Max Keiser interviewed in Proto Thema: The IMF is a Financial Mafia

Stacy Summary: Translation via Helen Skopis of the recent interview with Max Keiser in Proto Thema newspaper in Athens.

Article in Proto Thema online – April 23, 2010 By Vassili Daliani
“The IMF is a financial mafia”

At a time when Greece is being dragged through the mud by the international press, Max Keiser, one of the most radical and outspoken financial analysts, stands by our side and talks openly about a “financial mafia” and “financial terrorists” that drove this country to its destruction. Continue reading

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Greece: Sacrificed on Europe’s Altar, or Destined by Geography?

Stacy Summary: Two different takes on the Greek crisis. Your thoughts?

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Max Keiser on Athens International Radio – 23 April 2010 – Greece & the IMF

Stacy Summary:  Max interviewed by Helen Skopis on Athens International Radio about Greece turning to the IMF.

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Best of the Blogs: IMF’s Bailout Facility, Run on Gold Bank & Public Records [UPDATED]

Stacy Summary: What I’m reading while taking breaks from editing. Sorry if I have failed to h/t anyone! And let me know what you’re reading that hasn’t made it to this list.

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IMF explains why they won’t sell Sprott their alleged gold

Stacy Summary: The first link is a bit old, but I didn’t see it at the time.

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Greece: The IMF Flag Reads ECONOMIC SLAVERY . . . and Inflation Maximizing Fund

Stacy Summary:    Greece will dominate the news for the next few days.  The first article is the original Greek version of the article you have read translated; it has only just made it to this online version below.  The second article I re-post because the journalist for the first piece is going to write an article about Matt Taibbi’s article on No Payment.

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The IMF Flag Reads: ECONOMIC SLAVERY

Stacy Summary: Here is the translation of the article in Greek daily newspaper “Eleftherotypia” on Friday, April 2, 2010. (Thanks to Helen Skopis of Athens International Radio for this).

The IMF Flag reads: ECONOMIC SLAVERY
By Nikos Katzilaki

“The IMF will not have a restricted role” in the recently decided support plan for Greece, because “it wants to insure the control of valuable Greek infrastructures”, alleges economic analyst Max Keiser on international television networks such as the BBC, Al Jazeera and Russia Today.

Often also called an activist, Mr. Keiser created quite a stir a few days ago when, on an Al Jazeera program, he claimed that Greece, for the past decade, has fallen victim to the “economic terrorists” of the Wall Street banking systems and the IMF. In the interview which followed, he claimed “if the Greeks want to be protected from the IMF, then they should nationalize their banks thus establishing government owned institutions so as to revive the banking system”, while at the same time “ceasing to pay back the loans which were issued illegally” via “cooking the books” of the Greek economy by Goldman Sachs. He proposed the expulsion from the country of American banks as well as the IMF. The consequence will be “two or three years of heavy recession”, during which time Greece will be able “to rebuild its economy”, ensuring its economic independence.

Mr. Keiser, what is your opinion concerning the EU decision to support Greece while also including the IMF?

“It is problematic solution, because the IMF isn’t a desirable institution of control for your finances as it will bring with it budget austerity measures which serve the interests of the Wall Street and not the Greek population. Greece has fallen victim to the Wall Street bankers since 2000. The first thing that needs to done is an assessment of the relationships between the Wall Street banks, Greek banks and the Greek government. If the Greeks want to be protected from the IMF, they should immediately nationalize all the banks thereby reviving the banking system and exempting themselves from the unfair austerity measures which are being imposed on them . The people are not the cause of the problem. Why is the Greek population being forced to pay for the actions of corrupt bankers and politicians? This is absurd”.
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Max Keiser in Greek Newspaper: ‘Economic Slavery,’ Reads the IMF Flag

Stacy Summary:  Below is an article from last weekend’s Press Time newspaper.  Until someone from Greece translates, you can visit Google Translate.

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Fearing Labour, Joining China, Humiliating ‘Yahu, Steering Greece

Stacy Summary:    Good morning!    There is also Goldman joining Nigeria, but it had too many syllables to fit into headline.

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Head of IMF Proposes New Global Currency

Stacy Summary: h/t to all that sent this in.

Dominique Strauss-Kahn, the head of the International Monetary Fund, suggested Friday the organization might one day be called on to provide countries with a global reserve currency that would serve as an alternative to the U.S. dollar.

“That day has not yet come, but I think it is intellectually healthy to explore these kinds of ideas now,” he said in a speech on the future mandate of the 186-nation Washington-based lending organization.

Strauss-Kahn said such an asset could be similar to but distinctly different from the IMF’s special drawing rights, or SDRs, the accounting unit that countries use to hold funds within the IMF. It is based on a basket of major currencies.

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IMF chief economist & Krugman call for more inflation

Stacy Summary:  Eh?

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A Wall of Maturities and a Bed of Nitroglycerine

Stacy Summary: Morning y’all! @Mike/Liverpool, another day closer to the Thing of Beauty.

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IMF warns second bailout will threaten democracy

Stacy Summary: If Dominique Strauss Kahn is warning against it, then, presumably, he has been hearing national leaders floating the idea?  Mind you, I don’t think the first bailout has yet stopped.  Nor do I think a gold chart can tell you what is brewing down below.

“Most advanced economies will not accept any more [bailouts]…The political reaction will be very strong, putting some democracies at risk,” he told delegates.

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IMF says ‘dollar overvalued,’ funding carry trade

Stacy Summary:  All are speaking as one on the dollar.  (Sounds to me like they are encouraging more speculators to pile in on a ‘one way bet’.)

“There are indications that the U.S. dollar is now serving as the funding currency for carry trades,” the IMF said in a report published yesterday. “These trades may be contributing to upward pressure on the euro and some emerging-economy currencies.” While the dollar “has moved closer to medium-run equilibrium,” it is still “on the strong side.”

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