IMF

Closest allies, secret networks and surge pricing + this day in history w/the execution of Timothy McVeigh and our song of the day by Sex Headaches on your Morning Monarchy for June 11, 2018.

The 200th anniversary of the birth of Marx has prompted The Economist to devote an article on Marx in its issue of May 5, 2018. Characteristically titled, “Reconsidering Marx. Second time farce. Two hundred years after his birth, Marx remains surprisingly relevant”!1 The article combines recognition that Marx was a genius with reactionary slandering that he was, after all, an evil genius and without him the world would certainly had been much better.

Year on year the economic divisions and sub-divisions in the world deepen, the associated social ills increase: The rich, comfortable, and the very extremely rich keep getting richer, and the rest, well, whilst some may be raised up out of crippling poverty into relative poverty, the majority of people continue to live under a blanket of economic insecurity and largely remain where they are.

Just a few weeks after Argentina became ground zero for the coming Emerging Market crisis, when its currency suddenly collapsed at the end of April amid soaring inflation, exploding capital outflows and a central bank that was far behind the curve (as in “13% of rate hikes in a week” behind)…

(ZHE) — Just a few weeks after Argentina became ground zero for the coming Emerging Market crisis, when its currency suddenly collapsed at the end of April amid soaring inflation, exploding capital outflows and a central bank that was far behind the curve (as in “13% of rate hikes in a week” behind)… … the IMF has […]

The IMF issued a report about inflation that warned of devaluation and drastic price increases. Dimitri Speck, a financial analyst in Munich, says that the world has never had such a high debt as now that it cannot be paid off through payments, but through inflation or taking people's private savings. He further stated that the US will be hit first, as it is the world's leading currency. He said that inflation is used to wage wars, stimulate the economy in the short run, and to prevent banking crises.

Unlike the U.S., Europe has strong, influential labor unions; yet they have been unable, or unwilling, to stop the austerity-based policies demanded by European institutions, reports Andrew Spannaus. By Andrew Spannaus  Special to Consortium News in Milan, Italy Railway workers…Read more →

Imagine an international currency backed by energy? By a raw material that the entire world needs, not gold – which has hardly any productive use, but whose value is mostly speculative – not hot air like the US dollar. Not fiat money like the US-dollar and the Euro largely made by private banks without any economic substance whatsoever, and which are coercive. But a currency based on the very source for economic output – energy.

Brazil’s unions have planned a day of struggle to protest Temer’s proposed social security reform bill. The president is already very unpopular in Brazil; polls show voters want him to be accountable for alleged corruption [Xinhua]
Brazilian President Michel Temer is facing a tide of opposition regarding his promise to reform the social security program.
Many among his supporters see the reform initiative as damaging to their relection bids in the general election next October.

The World Economic Forum (WEF) in Davos has come and gone, and nothing has really changed. The wonderful people of the world struck again – blowing hot air to the four corners of the world. When in reality the poor get poorer, the rich get richer, wars and conflicts are on the rise – and humanity, at least in the western world, is ever more exposed to propaganda lies and mind manipulations, of which then WEF is just one tiny, miserable example.