Could the IMF Trigger a Global Debt Default?

Comments (6)

  1. Mr N S Watson says:

    Send this article to Boris Johnson in the UK and Obama. Ammunition for Boris for the Brexit and why Obama wants this burden for us.


  2. Neil Hitchens says:

    As a UK national I have seen the (French led) IMF at its worst. some time ago it ceased to be a purely economic body pronouncing on the global economy and became a quasi-political arm of the EU under Lagarde. recent gloomy bulletins predicting the UK would fall into recession with the policies pursued by Cameron-led government were swiftly kicked into touch when the UK has produced stellar growth, the best in Europe. Again the ‘opinion’ in the early 2000’s that the UK should join the Euro or be left behind are again shown to be total bunkum. Now they ‘opine’ that the UK should stay in the EU in the upcoming referendum, said purely for political reasons with no economic data to definitively back up this, shows the insanity of their neo-political utterances. They are totally discredited.


  3. Joe Schmuck says:

    So is the US one of those unquestionably solvent countries? Doubt it!


  4. Larry says:

    This is not at all surprising. It is in perfect harmony with the economic philosophy of the IMF. #1) The money that the central banks “loan out” is 100% virtual; it came out of nothing. It is no big deal to them if it goes back to nothing. They can just make some more. #2) The fact that this will drive out (or destroy) other lenders is their goal. The one who holds the purse strings rules the world.


  5. Johhn Hammond says:

    The article states “In the debt markets, we should stick to solid private sector corporate debt from the relatively few unquestionably solvent countries.”

    Do you mean bonds like GM and Chrysler in 2007? I still have never understood how the way these bondholders were treated was constitutionally legal.


  6. Bill Zehner says:

    Central banks acting irresponsibly is not a solution to too much debt as more debt is not a solution to too much debt. Eventually, reckless debtors will have to change their profligate spending habits.


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