Economy

IMF deputy Zhu Min has learned nothing from history, announcing another housing bubble that will be "fixed" only by more interference.

 

Under the guise of re-defining and improving what they inaccurately called “capitalism,” top insiders representing institutions that control some $30 trillion in assets met at a Rothschild-sponsored “Inclusive Capitalism” summit in London to push what sounded suspiciously like global tyranny. From the IMF boss quoting Karl Marx to crony capitalist CEOs and central bankers pushing radical notions of “sustainability,” the globalist bigwigs consistently blamed what little remains of the free market for the horrific failures of socialism, central banking, and Big Government. Ironically, many of the attendees enriched by fleecing taxpayers via government were tripping over themselves to advocate more wealth redistribution and taxes.

The Kremlin and the Communist Chinese regime, through their state-controlled “companies,” have been signing major deals with each other that analysts say will contribute to the acceleration of the U.S. dollar losing its status as the global reserve currency. Two agreements in recent weeks deserve special attention: a $400 billion Sino-Russo energy contract, and a separate deal between two of Russia and China’s largest financial institutions to bypass the dollar in favor of domestic currencies. The geopolitical implications of the fast-moving trends are monumental — especially for the United States, where the end of dollar hegemony will lead to potentially unprecedented economic upheaval.

International Monetary Fund boss Christine Lagarde shocked the world by saying IMF headquarters could someday move from Washington, D.C., to Beijing.

Organizations representing the milk and dairy industry have threatened to pull their support for the Trans-Pacific Partnership unless Canada and Japan agree to import U.S. dairy products.

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