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70 Years Dividing Bretton Woods Conference and Fortaleza Decisions

This July the world marks the 70 years anniversary of Bretton Woods Conference, formally known as the United Nations Monetary and Financial Conference... As 70 years since Bretton Woods have passed, a heavy blow was delivered against international financial institutions. The attack came from the resort city of Fortaleza in Brazil. Although the theme of the summit was “social inclusion”, at the top of the agenda is the creation of two new entities controlled entirely by the five BRICS members. The Bank is setup to foster greater financial and development cooperation among the five emerging markets. It would be headquartered in Shanghai, China and the first chief executive will come from India. The New Development Bank (NDB) will fund development projects independent of the US-controlled World Bank, and the Contingent Reserve Arrangement (CRA) will provide relief from the austere conditions and requirements of the IMF...

Valentin KATASONOV | 18.07.2014


 

Bretton Woods II and George Soros

...George Soros makes no secret of the fact that he does not like America. Not because it wages destructive wars around the world, or because of the country’s huge social polarisation, or because its prisons contin more than two million people, with a further four or five millions American who were sentenced to imprisonment currently at large because the country does not have enough prisons, or because the US organised an all-out surveillance of every telephone conversation in America. Soros does not like America because it still retains far too many attributes of a state. This is why Soros was one of Obama’s main sponsors during the pre-election presidential campaign. This also explains what initially seem to be certain illogical decisions and acts of the White House’s current occupant that are troubling the real patriots of America...

Valentin KATASONOV | 22.06.2014


 

Ron Paul on Ukraine: "Why Are We Are Making Things Worse?"

It looks like the civil war in Ukraine is getting much worse. Western Ukraine right now is being urged on by its Western supporters, meaning its NATO supporters, the European Union, the United States, and the International Monetary Fund (IMF). Western Ukraine has moved to take back control of the cities in Eastern Ukraine that have been taken over by supporters of Russia.

EDITOR'S CHOICE | 05.05.2014


 

The International Monetary Fund Might Not Live to See Its Anniversary

The latest meeting of the ministers of finance and central bank governors of the G20 countries took place April 10-11, 2014 in Washington. A key issue was the reform of the International Monetary Fund (IMF)... Through their inaction on the issue of reforming the IMF, the United States first and foremost is discrediting itself. And second, the Fund. Third, the G20. The Fund's reputation is plummeting especially fast considering that in recent years China has been giving "third world" countries loans similar in size to those offered by the IMF and the IBRD. But Beijing, unlike the IMF, does not set political conditions in the spirit of the Washington Consensus...

Valentin KATASONOV | 19.04.2014


 

European Union Not Prepared to Help Kiev Financially

Ukraine is a key element of new Eurasian politics, and from this point of view Brussels' maneuvers with regard to Kiev are rather telling. In particular, the West's unwillingness to give Kiev any real financial assistance whatsoever is becoming in-creasingly noticeable. This was demonstrated once again at the ECOFIN meeting which took place in Athens April 1-2...

Pyotr ISKENDEROV | 05.04.2014


 

Ukraine’s Economy Would Have Collapsed Without Russian Aid – IMF Chief

News | 04.04.2014


 

Ukraine’s IMF Deal Means Greece-Like Depression

On March 27, 2014, the IMF released the broad outlines of its terms and conditions for loans and other measures for the Ukrainian economy. What those terms and conditions mean is less a rescue of the Ukrainian economy than the onset of a Greece-like economic depression for the Ukrainian populace. Ukraine’s economy had clearly entered a recession, its third since 2008, sometime in the latter half of 2013. Some recent estimates of the likely contraction of the economy in 2014-15 have ranged from 5%-15% in GDP decline.

EDITOR'S CHOICE | 30.03.2014


 

Regime Change in Ukraine and the IMF’s Bitter “Economic Medicine”

In the days following the Ukraine coup d’Etat of February 23, leading to the ousting of a duly elected president, Wall Street and the IMF – in liaison with the US Treasury and the European Commission in Brussels – had already set the stage for the outright takeover of Ukraine’s monetary system. The EuroMaidan protests leading up to “regime change” and the formation of an interim government were followed by purges within key ministries and government bodies.

EDITOR'S CHOICE | 25.03.2014


 

EU-Ukraine Trade Deal Paves the Way for Brutal Economic Austerity. IMF to Apply “The Greek Model”

Amid intensifying US and European Union sanctions and military provocations against Russia, the EU and the Western-backed government in Ukraine yesterday signed a pact that paves the way for brutal austerity measures and free market “reforms.” The EU-Ukraine Association Agreement is based on the deal that former President Viktor Yanukovych’s Ukrainian government rejected, leading to the US- and EU-instigated protests and violence that ousted him last month.

EDITOR'S CHOICE | 23.03.2014


 

Western Tight Noose around Ukraine’s Economy Neck

Economy in doldrums, the Kiev junta is urgently reviving cooperation with the International Monetary Fund. On March 4 a team from the IMF was in Kiev to study the books and consider a loan. Kiev hopes to get the first $3 billion in a month. Yatsenyuk rushed to assure the West that Ukraine is ready to meet all the conditions put forward by the Fund... The IMF conditions are going to strike agriculture. Western creditors demand to rescind the moratorium on the sale of agricultural land, the value-added tax easing law for those who reside in rural areas and also subsidies for pork and chicken meat producers. Besides, the International Monetary Fund wants Ukraine to privatize all coal mines and completely abrogate state subsidies for them. Transport, as well as housing and communal services benefits are to be revoked...

Olga SHEDROVA | 09.03.2014




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OUR COLUMNIST
    Wayne MADSEN

Hillary Clinton is the grandmother of the Islamic Caliphate

Hillary Clinton is fond of changing history in order to put herself in the best possible light. As First Lady, she claimed that in 1996 that she dodged sniper fire while visiting Sarajevo, the capital of civil war-torn Bosnia and Herzegovina. It was a good story and, initially, she received praise for her «heroism under fire» from a typically sycophantic press. However, the story was false. Mrs. Clinton never came under sniper fire. She lied. And the lies of the one-time and prospective presidential candidate did not stop with Bosnia. According to one person close to the ex-First Lady, her first major book, «Living History», was full of so many lies and half-truths, it should have been sold under the heading of «fiction»...

01.09.2014
 
 
 
 
 
 
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