IMF: A Crumbling Figurehead

The IMF has lowered its global economic forecast citing as the main fault the US-China trade debacle. It stated that Germany would be hit particularly hard as well as a number of EU countries.   China and the US would also show slowed economies… China was slated to show a growth rate of 6.2% which was lower than the previous July at 6.4%, a minimal decrease. Bbut “Both” numbers are apparently the smallest growth since 1990.   That would indicate that the global growth rate was falling before the US trade war.

So how then can the US-China trade war be a consideration when it’s impact represents such a small reduction?

And is the IMF even an accurate ‘predictor’?

In 2013, Zero Hedge posted various graphs showing the IMF crystal ball predictions regarding World Growth, US Growth and China Growth.  The quarterly revisions for China resulted in an ultimate downgrade of roughly 1.5 percentage points, for the US .8 percentage points, and for the globe .5 percentage points, which extrapolate to a margin of error of a high of 17.2%.

Not exactly a stellar Economic Opinion.

But it also begs the question if the global rate is only 3.4% average and India and China are over 6% and 8%, that means the relative weight of the value of all goods and services is flat – and these spikes from various countries don’t really have much of an impact on the global worth.   While GDP rates are important on a country by country basis, the global rate is likely only significant when measuring those countries with the highest values when marking economic health.   For example if you have five companies each earning $1 billion, and a sixth company earning $1000, if the company earning $1000 is now earning 55% more or $1550 the global impact is not relevant.

Libya has the honor of checking in with the highest annual GDP rate 55.1%, followed by Ethiopia at  8.5% and a list of Asian and African countries that follow.  The US, China and parts of the EU remain a turtle’s pace, but the Tortoise still beat the Hare.

A study done by the Heritage Foundation between 1977 and 1998 in analyzing the reliability of the IMF predictions, found that the margin of error for developing countries was tied to IMF funding.  The bias stemmed from whether a country received IMF funding with over-estimation errors being the rule.

A quick glance at Germany reveals that imports and exports are slightly down this year compared to the previous year, and external debt is at an all time high.   These measurements came ‘before’ any US trade issues.   But those numbers are relatively mirror images of all the biggest value countries – debt is at an all time high, and trade is flat.

The final analysis by the Heritage Foundation:

WEO forecasts shows the prevalence of systematic turning point errors relative to the actual value. 14 These errors take the form of consistent under- and overestimation, which are pervasive in WEO projections for output growth, inflation, and balance of payments on the current account in both industrial countries and developing regions.

Turning point errors imply that the IMF forecasts fail to capture and include crucial economic events and shocks. This failure would weaken the IMF’s effectiveness because early diagnosis of its member countries’ vulnerabilities to potential crises is critical to fulfilling the IMF’s mandate of ensuring the international financial system’s stability. Tables 1a and 1b report the results of this analysis.

So why do we listen?  Why does the market react?  Why should we care?

Because we are ingrained to believe that the IMF has reliability when in reality – they don’t.  Markets are driven by factors more relevant to money supply and interest rate projections.  The IMF really has no power, they remain a figure head that has long outlasted their initial value.  Initially created to help countries balance exchange rates and provide short-term capital to balance payments, instead, today they are a dictatorship whereby developing countries sell their souls for loans they can’t repay.

In response to the flagrant corruption within the IMF, China created the Asia Infrastructure Investment Bank in 2014, and the BRICS created the BRICS Contingent Reserve Arrangement.

Ocotber 1st, the IMF appointed a new top Economist, Gita  Gopinath born in India, schooled at Princeton, teacher at Harvard, and student of Ben Bernanke.  She is responsible for over-seeing forecasts – predictions.  Her particular proficiency would seem to be currency movements, interestingly, the same market advocated by Soros.   She has stated that the movement of currency is faulty because it is invoiced in US dollars.

The dollar is still quite strong, but a shift is the agenda.

ITALY’S COUP! A Political Takeover

In 2014, Prime Minister Renzi of Italy put forth various Constitutional Amendments that 1)  gave the senate significantly less power, and the President and PM significantly greater power,  and 2)  overhauled the voting system which they referred to as ‘proportional representation, ie redefining districts.

These same measures are the basis for Eric Holder’s and Barack Obama’s new venture, “The National Democratic Redistricting Committee” which they launched January 2017 in response to Trump’s Presidential victory.  It’s more commonly known as Gerrymandering, or manipulating districts so as to create new electoral, so as to sway an election to one party.

It is because of these reforms that despite Italy’s voting for a more right wing government, the Socialist President, Mattarela, interceded in the populist vote and ousted the nationalist pick, Paolo Savona, as Economy Minister because of his anti-EU stance. It is believed that Merkel directed Mattarela to nix the choice and instead replace Savona with her IMF favorite, Carlo Cotterelli because of his ‘friendly’ alignment with Germany and the EU.

As such, Italy is now facing exactly what Renzi and Mattarela created with their “Constitutional Reform”, a staunch dictatorship that is sure to see an internal revolt by The People.

Cotterelli’s wife Miria Pegato who is a manager at the World Bank Group which has received its fair share of criticism for corruption driven by NGO imperialism.

Both the IMF and The World Bank are well known toys of George Soros.   Developed as a part and parcel of the Bretton Woods System, both the IMF and World Bank were created to enhance Globalization and Trade Imbalances as a result of WWI and WWII.  In fact, what it accomplished was to immediately crash US trade as it shifted the balance overseas.  Somewhat like ‘income redistribution’.

In essence, Italy is now facing a coup as the non-elected Establishment, Socialists, undermine the elected Populists.  There is talk of holding ‘new elections’ while allowing Mattarela and Cotterelli to act as the governing authority and forcing out both the Five Star Movement and The League – the aligned populist/nationalist government that jointly won.

The Establishment doesn’t like who won, or their choice for Economy Minister, therefore, The Establishment is blocking the authority of the elected government and moving in of their own accord.  The New York Times says its all in the best interest of Italy given that the new elected government would probably have failed anyway given they were not ‘politicians’ but businessmen…

The irony of course, is the continued question, “Can Italy’s strange new government who know nothing, fix the mess that the Establishment created”, and by default, “Since Italy’s elected government has yet to form a coalition that The Establishment approves of, it makes sense to allow The Establishment to oust the elected government and rule by coup given they are well aware of the mess they have created”.

And The People said, “Ah.”

Worse, the media would have us believe that Italy’s government woes have caused the price of oil to tank… However, the two are not even remotely connected.  Oil dropped because Russia and Saudi Arabia stated they would increase production due to the Iran situation.  Period.

For the last ten years, Italy’s growth rate has been virtually stagnant.  Wage growth has dropped significantly.  And forecasts are relatively gloomy, which is why The Establishment was voted out!  Democratically.

Hillary continues to whine that she coulda/woulda won if the US had the same Constitutional Amendments that Italy instituted regarding redistricting, which would have paved the way for Constitutional reforms that could have given her a monarchial US.

With Merkel in charge of the EU, and Hillary at the helm of the US, the Masters Plan might have worked. But Trump altered that course – not just in the US, but he gave hope to EU countries as well, which is making a muck of the New World Plan of Action.  Not to be deterred, the age old warring of “Coup” apparently has just been instituted in Italy in an attempt to regain lost ground…

New World Order: Inside The Banking Cabal

A series of damning videos.  Luciferians.  The Banking Elite.  The Ruler – Bank For International Settlements.  Child sacrifices.  The IMF.  The Trilateral.   Harvard.  And much MORE!   Climaxed in a man named Ronald Bernard.

Created in 1930 to facilitate treaties following WWI and the restructuring of Europe, the Bank for International Settlements Board of Directors included Walthur Funk, a notable Nazi official.  It quickly evolved as the central banking power for all central banks across the globe; including the Federal Reserve, all European Central Banks, Russian Central Bank, Saudi Arabia, England, Argentina, Chile, Canada, Australia, etc…   It is effectively the ruling bank of the world.  The Power.

Within a series of exposes, according to Mr. Ronald Bernard, there are approximately 8000-8500 ruling elite who sit atop the pyramid creating what he terms as being an alternate universe, a reality virtually unknown to the sheep.  He claims this pyramid has existed for thousands of years evolving from the ten tribes of Israel.

Working in conjunction with the IMF, the OECD, and the European Commission, BIS determines all monetary and banking flows for private corporations, public corporations, governments, and central banks across the globe.   It also facilitates money laundering so as to redistribute it back into the legal flow.

Located in Switzerland, past Board Presidents and Board Members are intricately linked through a web of common institutions including the IMF, the Trilateral, Harvard, Bilderberg, Belfer Center for Science and International Affairs, Rothschild, and Rockefeller.  They are – the CABAL.

The Rothschild’s are heavily weighted in the Trilateral.   The current Executive Director is Joseph Nye, who served under Bill Clinton, serves as global Commissioner for Internet Governance, he is a Harvard alumni and professor, and he writes for Project Syndicate which is funded by Soros Open Society Foundation and the Gates Foundation.

This is The New World Order in operation.

The concept of a Communist world is proposed as the only solution to World Power.   Today, 58% of millenials believe that Communism is a better social structure than capitalism and would favor a shift toward that societal meme.  Creating that nuance in the youth was a propaganda of Education, the same propaganda utilized by the Nazi’s who may also have been a tool of – the Banking cabal.

BIS has full and complete immunity and runs as its own independent body controlled by no one, no authority whatsoever outside of its secure Board.  They are sovereign.  The current Board includes Jerome Powell former partner at the Carlyle Group and who was appointed as President of the Federal Reserve by Trump, Mario Draghi, endorsed by The Economist which is owned by the Rothschild’s, and President of the European Central Bank and considered the 8thmost powerful man in the world, and Mark Carney who is the Governor of the Bank of England, Harvard, and member of the Bilderberg Group, Group of Thirty and the World Economic Forum.

In essence this power block provides multiple revelations: 

1)   The Federal Reserve’s power is relegated to BIS, they, the US Fed, do as they are told and are NOT the ruling elite.

2)   All banks, all government monetary decisions, are determined by BIS.

3)   All money in circulation is created by debt.  The shortage of circulated money is the interest rate that is directed back exclusively to the elite at the top of the pyramid thus creating more debt for everyone on the bottom as the shortage grows each year.

4)   Banks create a desired inflation rate to further push down the value of salary purchasing power so as to subjugate those at the bottom of the pyramid.

5)   When a currency is devalued, or another inflated, the purpose is for the banking cabal elite to capitalize on the shorts and longs for their own gain.

6)   Sanctioning a country creates a monetary bubble wherein the sanctioned country must sell their products at a discount through money launderers that are ‘employees’ of the elite so that the elite may resell on the market at a – profit.

7)    Hollywood exists for the entertainment of the elite – their toys for sexual demonizing.  They are nobody.

8)   It would appear that the drug enhanced Clinton and Epstein and their fuel of pedophilia and sex slaves in the name of Moloch, makes them more pawns to further the reign of elite entertainment.  Moloch was a beast worshiped by the Canaanite people of ancient Israel.  They followed paganism, evil, bestiality, child sacrifice, rape of men and women, gang rape, incest, and adultery. 

9)   According to Mr. Barnard, we can defeat this beast, this elite cabal, if we simply open our eyes and stop allowing it to exist.  It is built on violence and terrorism from within, chaos and moral decay, it subsists on frenzied mob mentality, and is housed within ‘make believe’.   Fake news. Fake entertainment.  A fake vision that denies God.

10)   Since WWI, Russia has been a final target that has yet to submit.

11)   Blackmail is a prerequisite to success.  Utilizing the ideals of the pagan idol, Moloch, such blackmail is secured.

12)  The ten lost tribes of Israel are said to be the descendants of the elite.

In essence we have the making of a New World Order that has actually existed since the lost ten tribes of Israel.   Global governance has been an agenda for thousands of years with every rise and fall of an Empire.   The phrase was coined by the John Birch Society after the creation of the Federal Reserve and Council on Foreign Relations in which bankers were elevated to unreserved power.   The idea that the US is the front ruler is the one of the most prevalent lies that the media has offered.

And so, we are left with a cabal that is rooted in paganism, is defined and defiled by chaos and the Protocols of Zion, and lives according to the evil of a luciferian god, Moloch.   According to Mr. Barnard, these elitists are in charge, and unless we gather our God, our Lord, and fight – we will succumb.   As a race.   They utilize criticism, mob hate, chaos, and division to further their agenda.   We have the choice to collectively be like them, or to rise above…

The Choice is Ours…

Ukraine – IMF Hypocrisy

July 31, the IMF gave Ukraine more money, the ante coming in at $6.68 billion so far.  In a statement justifying the money based on criteria of achievement, the IMF claimed:

“The Ukrainian economy remains fragile, but encouraging signs are emerging. In recent months, the exchange rate has stabilized, domestic-currency retail deposits have been increasing, and the pace of economic decline is moderating. Continued prudent policies and further reforms should allow the economy to turn the corner and growth to resume in the period ahead.”

Really?  Few sources would agree. In fact, the IMF was required to downgrade it’s forecast considerably from 5.5% to -9% with 46% inflation. In essence the IMF simply turned a blind eye and pretended that shoving money into the economy was ‘working’. Still Ukraine has said it will default on its coupon payment of $500million, $200m of which is supposed to be footed by PrivatBank.  Why?

What happened to the $6.68 billion? Do they have to make an accounting of these funds?  What is it used for?

Tangled Web:

There have been some drubbings that Ihor Kolomoyskyi, a majority owner of Ukraine’s PrivatBank has been the recipient of IMF deposits that have possibly been misappropriated, a legal term for – disappeared.

He also is apparently the central owner of Burisma Holdings, the company awarded to Hunter Biden and Devon Archer (Kerry’s son-in-law) with another notable Director, the former president of Poland. Of the IMF funds deposited in the bank, roughly $1.8billion has been lost in the translation…

But the IMF, the US, don’t seem to mind despite the information coming to light in September 2014 when Kolomoyskyi was governor of Dnipropetrovsk where the suspicious activity initiated. He was later forced to resign, but the investigation by Interfax Ukraine did not proceed until recently when the news media began to take note.

Four days after the IMF agreed to the additional $1.7 billion relief to Ukraine, it released a statement that Ukraine’s bailout faces “significant uncertainty”. In other words, all the money given – may be lost. Still, in another article, economists claim that the economy has stopped contracting, it’s exchange rate has stabilized and domestic deposits have increased.  Statements are polar opposite, conflicting and evasive!   And no one raises an eyebrow.

In fact, the economy is far worse than predicted, inflation is out of control, protests continue, bombing continues, human rights violations continue, and of course, corruption is rampant. So let’s all agree to give them – more money…

While the IMF wanted 40% of it’s face value debt wiped away, just four of it’s creditors agreed to 20% which amounts to less than $2 billion. And at that, they were less than happy to concede. Who are the creditors? Franklin Templeton is the largest bond holder at $4 billion, BTG Pactual of Brazil, TCW Investment Management Company, and T. Rowe Price hold about $5billion. Blackrock and others are not so forthright in coming forward for negotiations or transparency. Russia has refused to negotiate and owns $3 billion. The total debt is estimated to be $129 billion.

So basically, the IMF agreed to give Ukraine $1.7 billion additional aid which will in essence be paid by Franklin Templeton, T Rowe Price, TCW Investment, and BTG Pactual.

Again -where does the money go? What does it pay for?

Keiv submitted its 2016 budget proposal at roughly $25 billion with apparently, little to no detail. When asked for detail, the Finance Minister said that information wasn’t available. What?? According to it’s 2015 budget, it runs a 10.5% deficit. In addition, while budgeting for military spending increased 100%, spending was cut for education and science. Does not sound prosperity driven to me…

In 2015, Ukraine saw exports virtually collapse, levels have been reduced to those reflected in 2010. Doesn’t speak of a recovery to me.  Over the past year it’s gold reserves are roughly half at 23 tonnes (1 tonne = about 35,274 ounces at $1128 each = gold reserves of $915,148,656). But even that number is filled with mixed media hype and hypocrisy. It was reported in 2014 that the US took control of 40 tonnes of Ukraine’s reserves, which would have accounted for ALL the gold. So, whether the 23 tonne figure is accurate is up for debate.

Bottom line, there is currently no accounting for where Ukraine spends it’s IMF money, no accounting for their gold, and no accounting for their central bank deposits. There is no accounting for exactly who holds their debt and how much. And Ukrainian ministers continue to ‘decline to talk’ or answer any questions in this shadow of transparency.

Gee, this is much better than it was before…

China vs US – While Nero Watched Rome Burned

A new world order is being created, but it isn’t here. While the US, Canada and Europe squabble and promote division in every corner of the world, there is a quiet, under-reported affiliation that is taking root. China, Russia, India, Brazil and South Africa are forming an allegiance of cooperation and growth. While they may have tensions, they are attempting to rise above those age old embitterments and focus on something far more important – patriotic commitment.

What would happen if the US blew a giant hole in its relations with China?

As the second largest economy in the world, China is at the forefront in growing internal relations, trade, and a more diversified economic profile as oil has remained relatively flat. While the US continues it’s bizarre strategy of making unproven claims regarding a hack as being fomented by the Chinese government, and puffing their proverbial rooster chest at the South China Sea, the Chinese continue their strategy of the tortoise and the hare.

The BRICS do have power, and it is growing. Who are they opposing? NATO, UN, The World Bank and the IMF. These outdated, corrupted agencies are set to fall as a re-organization of power shifts.

NATO: China, Russia, Brazil, India and South Africa are not members of NATO.

UN: China and Russia have recently aligned in their stance within the UN. Their agenda? Sovereignty. The right of other countries to not have the will of the UN or other countries placed on them via regime change and/or orchestrated coup. Unfortunately, Samantha Power used that statement by Chinese Foreign Minister, Wang Yi, as a stage to tweet, “Too often govts use it (sovereignty)as a shield behind which they commit atrocities—WW2&Rwanda show peril of looking away.” In other words, Samantha Power arrogantly implied that Wang was lying and that the US is simply policing countries for their own good.

This does not make for a good allegiance with China and speaks volumes at the lacking integrity of Samantha Powers as a person in a position of power.  She has no clue what diplomacy means.

World Bank: The BRICS are slated to open their alternative to the World Bank this year – New Development Bank. The purpose is similar to the World Bank but with a redistribution of power to the founding members. The NDB comes on the heals of the Asian Infrastructure Investment Bank (AIIB) which was also established by the BRICS. Despite scoffing by the US, the AIIB has pulled in 57 members including; Most of Europe, The Middle East, South America, Most of Asia, Australia, New Zealand, Indonesia, Vietnam, Pakistan and The Philippines. Three notable nations have refused – US, Canada and Japan.

By holding to ideologies that belong in antiquity, the US has managed to propel itself into a spiraling decay of power. A short sighted view, by not becoming a member nation, the US can now never hold the same member power in the AIIB even if it later decided to join.

IMF: The US, UK, Germany and France combined hold about 32% of all the votes in the IMF. Despite China’s attempts to gain greater voting power, ultimately, they felt snubbed. And as we speak, China is pressuring the IMF to recognize the yuan as an international currency on par with the dollar and euro.

While the US fallback is to demonize, the world is changing and the American public is left uninformed, puppets in the hands of the masters. Russia is and has been a diversion. The Middle East is in the midst of a re-organization proxy for the takeover by Saudi Arabia. Creating more demons than allies the US will be left with a bankrupt NATO, IMF, UN and World Bank. Focus on a demon and watch as the US slides down an economic hole from which there is no recovery.

Reading comments by Soros, his opinion varies nearly month to month. From a stance of arrogance, to a stance of China being the model world government, to warning of a China meltdown, to recommending joining China, to investing in Chinese stocks, to instigating protests in Hong Kong, to a stance of predicting WWIII. Ultimately, the US was always the greatest obstacle to Soros’ agenda for a One World Order.

While Nero watched, Rome burned.