Archive of IMF

The Global Debt Bomb: a Warning Sign for the World Thumbnail

The Global Debt Bomb: a Warning Sign for the World

Posted on Feb 15, 2012 in Economic News, Emergency Preparedness & Survival, Federal Reserve & Bankers

Kevin Hayden – TruthisTreason.net

Source: Michael Snyder, Economic Collapse Blog - Truth Contributor

Any financial system that is based on debt is doomed to fail.  Today, we are living in the greatest debt bubble that the world has ever seen, and if all of a sudden people could not use credit to buy things, our economy would immediately grind to a halt.  Unfortunately, no debt bubble can last forever.

Hayden’s Note:

Unfortunately?  I’m rather pleased about the fact that we might…just might… be able to allow this debt bubble to burst and start over.  I’m not a fan of over-entending credit.  I’m not a fan of the Federal Reserve.  And I’m certainly not a fan of the insanity that we call modern banking practices.  Let it come crashing down.

When this current debt bubble finally bursts, faith in the financial system is going to disappear, credit is going to freeze up and there is going to be a massive wave of bank failures.  Right now, Greece is a warning sign for the world.  Nobody wants to lend money to Greece, the Greek banking system is dying, one out of every four businesses has already shut down, unemployment is soaring and the Greek economy has now been in recession for five years in a row....

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Economic Hitmen – an Animated Short Thumbnail

Economic Hitmen – an Animated Short

Posted on Oct 19, 2011 in Economic News, Federal Reserve & Bankers

Kevin Hayden - TruthisTreason.net

John Perkins, author of Confessions of an Economic Hitman, narrates an animated short, briefly explaining how banking cartels such as the IMF turn sovereign countries into debt slaves, build corporation-nations, and enrich the rich.

Perkins, a former chief economist at Boston strategic-consulting firm Chas. T. Main, says he was an “economic hit man” for 10 years, helping U.S. intelligence agencies and multinationals cajole and blackmail foreign leaders into serving U.S. foreign policy and awarding lucrative contracts to American business. “Economic hit men (EHMs) are highly paid professionals who cheat countries around the globe out of trillions of dollars,” Perkins writes.

Confessions of an Economic Hit Man is an extraordinary and gripping tale of intrigue and dark machinations.

Perkins writes that his economic projections cooked the books Enron-style to convince foreign governments to accept billions of dollars of loans from the World Bank and other institutions to build dams, airports, electric grids, and other infrastructure he knew they couldn’t afford. The loans were given on condition that construction and engineering contracts went to U.S. companies. Often, the money would simply be transferred from one bank account in Washington, D.C., to another one in New York or San Francisco....

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21 Indicators That We Could See a Black October Thumbnail

21 Indicators That We Could See a Black October

Posted on Sep 22, 2011 in Economic News, Federal Reserve & Bankers

Kevin Hayden – TruthisTreason.net

Source: Michael Snyder - Truth Contributor

Will global financial markets reach a breaking point during the month of October?  Right now there are all kinds of signs that the financial world is about to experience a nervous breakdown.  Massive amounts of investor money is being pulled out of the stock market and mammoth bets are being made against the S&P 500 in October.  The European debt crisis continues to grow even worse and weird financial moves are being made all over the globe.  Does all of this unusual activity indicate that something big is about to happen?  Let’s hope not.  But historically, the biggest stock market crashes have tended to happen in the fall.  So are we on the verge of a “Black October”?

The following are 21 signs that something big is about to happen in the financial world and that global financial markets are on the verge of a nervous breakdown….

#1 We are seeing an amazing number of bets against the S&P 500 right now.  According to CNN, the number of bets against the S&P 500 rose to the highest level in a year last month. ...

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Head of Libyan Security Services Calls Out NATO for Supporting al-Qaeda

Posted on Aug 22, 2011 in Featured Articles

Kevin Hayden – TruthisTreason.net

Source: Madison Ruppert

The American “war on terror” is a sham designed to strip freedoms from Americans while consolidating wealth and power into the hands of the elite.

Since the war on terror began, absolutely no measurable progress has been made and the entire nomenclature assigned to this “war” bolsters this fact by showing that this is a war that is meant to continue forever, across the world.

For those who are still taken by the illusion that we are actually fighting terrorism, our support of rebels openly associated with al Qaeda in Libya (the same al Qaeda group responsible for sending militants to Iraq to kill American soldiers) should have shattered this delusion.

The head of the Libyan security services, that is the real Libyan security services, not the al Qaeda-affiliated rebel war criminals, Abdullah al-Snousi made this very clear in a statement earlier today.

Hayden’s Note:

I’ve said this time and time again.  See here, herehere and here (whew!) for various editorials and commentary regarding Western support for al-Qaeda (All-CIA-duh!) masquarading as “Libyan rebels concerned for their people,” allowing these banker-paid terrorist proxy armies to set up shop in Washington, DC at the Libya Embassy, and arming them with advanced weaponry. ...

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The Quiet Revolution: Latin America is Moving Away from Washington’s Influence

Posted on Aug 02, 2011 in Global & National News

TruthisTreason.net – Kevin Hayden

Source: Oil Price by John Daly – Truth Contributor

Perhaps the biggest foreign-policy story of the past decade, thoroughly overlooked by the American media after 9/11 and its subsequent monomaniacal focus on terrorism, security and the wars in Iraq and Afghanistan, is the fact that Latin America has essentially moved away from Washington’s influence.

This quiet revolution from below, in rejecting the Monroe Doctrine, first enunciated in 1823 whereby the U.S. essentially barred European powers from influence in Latin America, has essentially for nearly 200 years served as an ideological platform for countless U.S. interventions south of the border but has yet to register on the radar the politicians in Washington.

From Ecuador to Paraguay, Venezuela to Brazil, governments increasingly composed of representatives of the indigenous people, are more and more rebuffing Washington’s advice as they seek to determine their countries’ futures without undue interference from their giant North American neighbor.

Nowhere is this more evident than in Brazil, which after suffering decades of corrupt government and intermittent military dictatorship in 2003 elected Luiz Inácio Lula da Silva as president, who’s adroit and progressive policies until he relinquished the proposed last year have laid the foundations for the dramatic rise of Brazil’s economy....

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Iceland Citizens Tell International Bankers They Won’t Repay Them, Again

Posted on Aug 01, 2011 in Economic News

TruthisTreason.net – Kevin Hayden

Source: The Intercept

The people of Iceland have now twice voted not to repay international debts incurred by banks, and bankers, for which the whole island is being held responsible. With the present turmoil in European capitals, could this be the way forward for other economies?

The small island of Iceland has lessons for the world. It held a referendum in April to decide, more or less, whether ordinary people should pay for the folly of the bankers (and by extension, could governments control the corporate sector if they depended on it for finance). Sixty percent of the population rejected an agreement negotiated between Iceland, the Netherlands and the UK to pay back the British and Dutch governments for the money they spent to recompense savers with the failed bank Icesave. That was less resistance than the first referendum last spring, when 93% voted no.

The referendum was significant since European governments, pressured by speculators, the IMF and the European Commission, are imposing austerity policies on which their citizens have not voted. Even devotees of deregulation are worried by the degree of the western world’s servitude to unconstrained financial institutions....

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Perception, American Austerity and Financial Terrorism Thumbnail

Perception, American Austerity and Financial Terrorism

Posted on Jun 03, 2011 in Constitutional & Liberty Issues, Economic News, Featured Articles, Federal Reserve & Bankers

TruthisTreason.net – Kevin Hayden

Source: The National Pulse

“And if you gaze for long into an abyss, the abyss gazes also into you.”
-Friedrich Nietszche (Philosopher, 1844-1900)

Truly, a lot is happening. As Spring became Summer, America has legislated its way into a full-blown terrorist state. The currency is totally debauched. The US cannot borrow any more from its loan-sharking creditors, and is faced with austerity. Like surgeons, central economic planners are calibrating inflation all over the world to provoke reaction and harness the emotion produced from reaction. America’s debt limit has been reached, causing Treasury Secretary Tim Geithner to extend the final date of come-uppance to August 2, by raiding federal pensions. If you have a federal pension, or really any pension that you think you might have you may like to read that letter here.

Since the alleged raid and shooting death of an unarmed, multi-spoused bin Laden, the controllers of monetary policy and all their political, legal, and military tentacles that support that control sped into full gear. It will have been two years this summer since Timmy Geithner traveled to China and was laughed at when he spoke about the solvency of the U.S.

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Ex-Egypt Bank Head Arrested on Sex Charges – Global Elite Continue to Fall

Posted on May 31, 2011 in Alphabet Agencies & Operations

TruthisTreason.net – Kevin Hayden

Source: Bloomberg via Cryptogon.com

The former chairman of Egypt’s Bank of Alexandria was charged with sexually abusing a maid at the Pierre Hotel in New York, police said.

Hayden’s Note:

Really?  See my previous editorial regarding this exact, textbook operation that occurred with the IMF’s Dominic Strauss. How the Mighty continue to fall… but who’s behind this agenda?

Mahmoud Abdel Salam Omar, 74, chairman of El-Mex Salines Co., was arrested yesterday after a 44 year-old female maid alleged he attacked her May 29, according to a police department spokesman. Officers were called to the hotel, located in midtown Manhattan, after she informed security of an alleged incident when she went to Omar’s room after he requested tissues.

Police charged Omar with sexual abuse, unlawful imprisonment, forcible touch and harassment. He allegedly asked the maid for her telephone number and she gave a false one before leaving the room, police said.

The alleged incident comes two weeks after the arrest in New York of Dominique Strauss-Kahn, the former International Monetary Fund chief charged with attempted rape of a maid at the Sofitel Hotel in Manhattan....

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Bankrupt Nations Try to Stop the Future from Happening Through the IMF: FAIL

Posted on May 26, 2011 in Economic News, Featured Articles

TruthisTreason.net – Kevin Hayden

Source: The Sovereign Man – Simon Black

Debt is slavery… or at least indentured servitude of the worst kind.  That looming mortgage, the high interest credit card debt, the short-term car loan– these are the forces that keep people from breaking free and taking action.

Ironically, debt begets more debt. According to FinAid, the average US student loan debt for a four-year private university graduate is nearly $36,000, and $24,000 for public. Throw in that first car loan and maybe a mortgage, and suddenly you’re staring at hundreds of thousands of dollars in demoralizing claims on your future income.

At this point, most people figure… ‘hey, I’m already in debt up to my nose, might as well get in up to my eyeballs and buy a new plasma screen on credit.’

Debt is an enormous psychological burden that influences life’s major decisions. It’s why so many people stay committed to jobs that are unfulfilling in cities they detest under conditions they find disheartening. Nobody wants to rock the boat too much… take too many risks and you could lose your job, and hence the ability to make those monthly payments....

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The Extended Confessions of an Economic Hitman

Posted on May 20, 2011 in Economic News

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge

The book “Confessions of an Economic Hit Man” by John Perkins is easily one of the most engrossing pieces of non-fiction one can read to learn about the true drivers behind globalization, espionage, corporate cronyism, the emergence of such “artificial” organizations as the World Bank and the IMF, and most importantly, debt “enslavement”, all as seen from an insider’s view. It explains in simple words why over the past 40 years the developing world paradigm has been exploited as heavily as it has, why the BRIC concept was instrumental as a Red Herring to perpetuating the myth of endless growth, and why credit must always flow no matter what to keep the status quo in power. For those who have read the book, and for those who are on the fence about reading it, below we present the three part presentation by John Perkins at the 2006 Veterans for Peace National Convention in which he expounds on all the key ideas in his book, and does an extended Q&A covering topics not discussed previously....

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China Central Bank: New IMF Leadership Should Reflect New World Order

Posted on May 19, 2011 in Economic News, Federal Reserve & Bankers

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge

There’s a funny thing about the New World Order: it eventually gets too big and bites the hand the feeds it. Enter the PBoC: “The new IMF leadership needs to reflect changes in the world economic order and be more representative of emerging market economies, Chinese central bank governor Zhou Xiaochuan said Thursday in his first public comments since the arrest of Dominique Strauss-Kahn. “The senior management team of the IMF should better reflect changes in world economic patterns and should be more representative of emerging market economies.” Translation – no more European or American cronies. It is also probably safe to say that Lagarde’s odds of pulling the white smoke out of the conclave bag have just plunged. It is also safe to say that with China now unofficially Europe’s backstopper (and there were those wondering why China is buying all those Spanish and Portuguese bonds), what China wants, China gets.

From Market News:

 Zhou also said he regretted Strauss-Kahn’s decision to resign as the Managing Director of IMF.

“The current world economy is recovering slowly from the financial crisis and the European sovereign debt crisis is at a key stage.

...

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Organizational Flowchart for the Investment Arm of the Illuminati, Err…. International Monetary Fund Thumbnail

Organizational Flowchart for the Investment Arm of the Illuminati, Err…. International Monetary Fund

Posted on May 16, 2011 in Economic News, Federal Reserve & Bankers

TruthisTreason.net – Kevin Hayden

Source: Zero Hedge & Reuters

With much interest focusing on the organizational structure of the IMF, today Reuters has compiled a useful organizational chart summarizing the complete flow of executive power at the Washington D.C.-based (for now) developing world (and PIIGS, soon everyone else) rescue organization.  Otherwise known as a main arm of the Global Elite.

Hayden’s Note:

For a greater understanding of what the IMF and World Bank do, please check out Confessions of an Economic Hit Man, it’s an amazing read and will really open your eyes. It dives into how organizations such as the IMF and various banks, political groups/individuals and even nations use “economic hitmen” in order to seize control of developing nations or those struck with disaster, such as Haiti. By offering cheap but massive loans to these emerging markets, they  become their masters.  Very informative and highly recommended! ...

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Global Elitist Dominique Strauss, IMF Chief, Arrested Over Sex Charges

Posted on May 16, 2011 in Featured Articles, Federal Reserve & Bankers

TruthisTreason.net – Kevin Hayden

Source: Guardian

Dominique Strauss-Kahn, the head of the International Monetary Fund and the man French Socialists hope will be the next occupant of the Elysée Palace, was arrested at JFK airport in New York on Saturday afternoon accused of a sex attack on a Times Square hotel maid earlier in the day.

He was taken off an Air France flight by officers from the Port Authority of New York and turned over to Manhattan police, according to a spokesman from the agency. Plainclothes officers boarded the flight at 4.45pm, moments before take-off, and took the 62-year-old out of the first-class cabin and into custody. He had been due to meet German chancellor Angela Merkel on Sunday.

Update -

Hayden’s Note:

How the mighty have fallen.  Apparently, Mr. Strauss either failed to do as he was told or otherwise angered his fellow Global Elite.  This is a classic sex-blackmail operation.  And as for the update, it’s a sure sign of a classic operation:  he “lost” his cellphone and called the hotel.  The hotel lied and stated that they had it in their possession and requested his location so that they could deliver it to him. 

...

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Regime Change Libya: Privatization of The Central Bank and Theft of Nationalized Oil Profits

Posted on Apr 11, 2011 in Featured Articles

TruthisTreason.net – Kevin Hayden

Source: Scott Creighton – American Everyman

There is no question anymore as to why the Obama administration is attempting to impose a change of the regime of Libya.

On March 17th I wrote about the invasion of Libya being about two main objectives: privatizing the national oil company and the state-owned central banking system. I pointed out that the US and British inserted language in the UN resolution that allowed them to freeze the accounts of the nationalized oil company as well as the central bank of Libya. Well, before they have even won their coup, the CIA backed pro-west opposition has taken the time to announce that they have formed a new national oil company and central bank. Obviously they have allowed our neo-liberal economic hit-men to write-up the legal documentation for this action and I am sure it hands over control to multinationals outside Libya.  This is why so many globalist apologists and neo-liberals have been running around the last week claiming that the real government in Libya is the Transitional National Council.

It has always been about gaining control of the central banking system in Libya. ...

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Sarkozy in Favor of an International Currency of Reference (SDR)

Posted on Apr 04, 2011 in Economic News, Federal Reserve & Bankers

TruthisTreason.net – Kevin Hayden

Source: Asia News

Ahead of the G20 finance minister summit in Nanjing scheduled for today, the French president proposes to boost the capacity of the International Monetary Fund to supervise currency markets. He also wants Special Drawing Rights to become the currency of reference.

Hong Kong – French President Nicolas Sarkozy wants to enlarge the G7 to better manage currency markets, expand the International Monetary Fund’s oversight capacity in the field, and to the IMF’s currency basket, Special Drawing Right (SDR), the currencies of emerging economies, like the Chinese yuan. The SDR is monetary unit of international reserve assets defined and maintained by the IMF itself. The French leader made the proposal at a G20 meeting of finance ministers in Nanjing, China.

“Greater supervision by the IMF” of nations’ balance of payments and reserves “appears indispensible,” Sarkozy said yesterday at a one-day seminar ahead of the summit.

For him, the proposal can become operative right away. “France supports modifying the IMF’s status to expand its oversight capacity,” he noted. This can counter what he views as a “proliferation of unilateral measures during crises resulting in a new financial protectionism in which all economies suffer”.

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