Financial Crisis Boosts IMF

In reponse to our post ‘Most Countries Worse Off After IMF Agreement – US Think Tank, IMF spokesman Bill Murray, using the handler ‘wmurray’ , rejected the Centre for Economic and Policy Research (CEPR) findings as ‘seriously misleading conclusions’, ‘relying on faulty analysis and often inaccurate information.’ Other critics were Ms Caroline Pearce, from international aid agency Oxfam. AFP quoted her saying “‘If the IMF wants to be relevant, effective, credible and legitimate, it has to give countries hardest hit by the financial crisis a say in their own destiny.’

The Centre for Economic and Policy Research (CEPR) study was published to coincide with the IMF/World Bank meetings.

The havoc wrought by the economic crisis has given the IMF a new sense of purpose as the world’s emergency lender – and even some of its fiercest critics are starting to mellow.

It is a remarkable turnaround for an institution targeted by anti-globalisation protesters and reviled by millions of people after imposing harsh conditions on its loans during previous crises.

‘I think the response has been much more positive in this crisis and it’s been very constructive,’ said Joseph Stiglitz, a Nobel Prize-winning economist well-known for his diatribes against International Monetary Fund lending practices.

Int’l Rescue Teams Leave Padang Indonesia

Relief workers struggled to reach Indonesian quake survivors still without food or shelter a week after the disaster, while foreign rescue teams packed up their high-tech equipment on Wednesday and prepared to pull out.

Aid has been pouring into the shattered West Sumatran city of Padang since the Sept 30 earthquake, but the scale of the disaster, heavy rain and damaged infrastructure have meant it has been slow to reach outlying areas.

Peparing For The Real Pandemic

The below article was published on September 20 2009 on www.hiddenfromhistory.org.

Last week, many of the aboriginal people in the remote west coast village of Ahousaht were innoculated with the tamiflu vaccine. Today, over a hundred of them are sick, and the sickness is spreading.

 In the same week, body bags were sent to similarly remote native reserves in northern Manitoba that have also received the tamiflu vaccine. On the face of things, it appears that flu vaccinations are causing a sickness that is being deliberately aimed at aboriginal people across Canada, and this sickness will be fatal: a fact acknowledged by the Canadian government by their “routine” sending of body bags to these Indian villages.

2018 – The End Of The Global Dollar

In the most profound financial change in recent Middle East history, Gulf Arabs are planning – along with China, Russia, Japan and France – to end dollar dealings for oil, moving instead to a basket of currencies including the Japanese yen and Chinese yuan, the euro, gold and a new, unified currency planned for nations in the Gulf Co-operation Council, including Saudi Arabia, Abu Dhabi, Kuwait and Qatar.

Secret meetings have already been held by finance ministers and central bank governors in Russia, China, Japan and Brazil to work on the scheme, which will mean that oil will no longer be priced in dollars.