Wednesday, 13 April 2011

IMF Plots Role as World's Central Bank?


D. Strauss-Kahn / T. Geithner

IMF says worth exploring borrowing from markets ... The International Monetary Fund said it was worth exploring ways that the global institution could borrow from financial markets at short notice to raise additional funding for its lending programs. In a paper that looks at progress by the Group of 20 major economies in reforming the global monetary system, the Fund said building confidence in the IMF's ability to respond to crises may warrant looking at alternative ways of fund-raising, including turning to markets. – Reuters 

Dominant Social Theme: The world's economy is a disaster. The IMF is the logical choice to lead the way to a brighter banking future in a consolidated, centralized, world economy. It says so itself.
Free-Market Analysis: Can you hear the whispers coming out of the shadows? Over the past months, we have covered the IMF's increasing efforts to position itself as the world's future central bank and one-world currency issuer. We can see from the above article in Reuters – a chief mouthpiece of the power elite along with the Economist magazine – that the campaign is in no sense winding down. Now the IMF casually, oh-so-casually, floats the idea that it might tap global markets for funding.

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