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US President Trump urged Congress to pass the “big, beautiful” budget. An International Monetary Fund (IMF) official urged the US to consider its unsustainable debt level, which this budget will likely make worse. The redistribution effects of the tariffs, spending cuts, and tax cuts does have long term implications. In the short term, the deficit's size is likely the focus.
#cuttheclutter Pakistan has a long and recurring reliance on International Monetary Fund (IMF) bailouts—25 times since 1958. IMF continues to support Islamabad and suggests that Pakistan's economy is showing signs of recovery. In Episode 1664 of #CutTheClutter Editor-in-Chief Shekhar Gupta breaks down the latest $7 billion Extended Fund Facility and stringent conditionalities IMF has imposed on Pakistan, including tax reforms, subsidy cuts, agricultural & power sector overhauls. --------------------------------------------------------------------------------------------- To read Pakistan media's coverage on the IMF bailout & conditionalities https://profit.pakistantoday.com.pk/2025/03/29/agri-income-tax-collection-to-begin-july-2025-with-retrospective-effect-from-january/ https://www.dawn.com/news/1872430 https://www.dawn.com/news/1845301 https://www.brecorder.com/news/40352324 https://www.brecorder.com/news/40352324 https://www.dawn.com/news/1730732 https://www.dawn.com/news/1847797 --------------------------------------------------------------------------------------------- To watch CTC on Pakistan's 24th bailout: https://www.youtube.com/watch?v=tzAPl00DlVo --------------------------------------------------------------------------------------------- To watch CTC on Pakistan's economic condition: https://www.youtube.com/watch?v=ITcmCa-O-wI --------------------------------------------------------------------------------------------- To read IMF reports on Pakistan: https://www.imf.org/external/datamapper/profile/PAK https://www.imf.org/-/media/Files/Publications/CR/2025/English/1pakea2025001-print-pdf.ashx https://www.imf.org/en/Publications/CR/Issues/2025/05/17/Pakistan-First-Review-Under-the-Extended-Arrangement-Under-the-Extended-Fund-Facility-567021 --------------------------------------------------------------------------------------------- To visit ThePrint Store: https://store.theprint.in/ --------------------------------------------------------------------------------------------- Produced By: Mahira Khan
UK economic sentiment weakened sharply last week as global trade tensions intensified. The International Monetary Fund (“IMF”) cut the UK's 2025 growth outlook to 1.1%, the steepest downgrade among major European economies, but noted the UK may still outpace G7 peers. Economic activity slowed sharply, with the composite Purchasing Managers' Index (“PMI”) falling to a 29-month low of 48.2, signalling a contraction. Consumer confidence deteriorated amid rising cost pressures, though retail sales surprised to the upside. Business leaders voiced concern over red tape costs and the threat of tariffs, warning of imminent job losses unless a US trade deal is struck. However, KPMG's survey found financial services leaders remain optimistic about London's prospects, planning significant investments despite global uncertainties. The Bank of England (“BoE”) indicated it would weigh the impact of trade shocks at its May meeting, with rate cuts still in play. Overall, markets faced mounting signs of economic stress alongside cautious policymaker rhetoric...Stocks featured:Antofagasta, Croda International and Marks & SpencerTo find out more about the investment management services offered by Walker Crips, please visit our website:https://www.walkercrips.co.uk/This podcast is intended to be Walker Crips Investment Management's own commentary on markets. It is not investment research and should not be construed as an offer or solicitation to buy, sell or trade in any of the investments, sectors or asset classes mentioned. The value of any investment and the income arising from it is not guaranteed and can fall as well as rise, so that you may not get back the amount you originally invested. Past performance is not a reliable indicator of future results. Movements in exchange rates can have an adverse effect on the value, price or income of any non-sterling denominated investment. Nothing in this podcast constitutes advice to undertake a transaction, and if you require professional advice you should contact your financial adviser or your usual contact at Walker Crips. Walker Crips Investment Management Limited is authorised and regulated by the Financial Conduct Authority (FRN: 226344) and is a member of the London Stock Exchange. Hosted on Acast. See acast.com/privacy for more information.
U.S. Secretary of the Treasury Scott Bessent publicly challenged the International Monetary Fund (IMF) and the World Bank, accusing them of "mission creep" and calling for a rebalancing of the international financial system. While the headlines may focus on global policy debates, the deeper message is clear: the dollar system, as we know it, is breaking As Taylor Kenney explains, the system that holds your savings, retirement, and financial future is undergoing a fundamental transformation—and it's time to prepare. Questions on Protecting Your Wealth with Gold & Silver? Schedule a Strategy Call Here ➡️ https://calendly.com/itmtrading/podcastor Call 866-349-3310
CEOs Selling stock Fed Put in question - Powell under Fire from White House - Markets FED UP! Earnings Season - VERY CLOUDY USD Weak - what are investors thinking? PLUS we are now on Spotify and Amazon Music/Podcasts! Click HERE for Show Notes and Links DHUnplugged is now streaming live - with listener chat. Click on link on the right sidebar. Love the Show? Then how about a Donation? Follow John C. Dvorak on Twitter Follow Andrew Horowitz on Twitter Warm-Up - Chaos - What next? - Rates - moving in the wrong direction again - USD Weak - what are investors thinking? - A moment for Pope Francis - CEOs - Selling stock Markets - Markets have had it - Done with this nonsense - Fed Put in question - Powell under Fire from White House - Markets FED UP! - Earnings Season - VERY CLOUDY - VIX - back above 30 again (~35) - HyperScalers - not so Hyper... Update One Time Competition - Put Lyrics to Music - The Tariff Blues (DHUnplugged Shirt and Song Play) - We have a clear winner from all of the entries and will announce and play at end of the show - I think it is awesome! ECB The Governing Council today decided to lower the three key ECB interest rates by 25 basis points. In particular, the decision to lower the deposit facility rate -- the rate through which the Governing Council steers the monetary policy stance -- is based on its updated assessment of the inflation outlook, the dynamics of underlying inflation and the strength of monetary policy transmission. Powell Under Fire - President Trump says "The ECB is expected to cut interest rates for the 7th time, and yet, “too late” Jerome Powell of the Fed, who is always too late and wrong.....Too Late should have lowered interest rates, like the ECB, long ago, but he should certainly lower them now. Powell's termination cannot come fast enough!" - President Trump says he is "not happy" with Fed Chair Jerome Powell; says he thinks Mr. Powell would leave if he asks him to do so - Is he going to ask - will he leave???????? - How will markets react? --- STOP THE PRESSES - Already did a 180 on that..."No intention of firing Powell" Flurry of Deal Comments Tuesday - As expected, most contradict the other - Confusion as to how long - general happy thoughts - nothing concrete - Markets reacted positively then came off highs Pentagon in Chaos? - White House looking for a new Secretary of Defense, according to NPR - Will he now have a Podcast or go back to Fox and Friends? - Of course the White House press secretary is denying Skinny Minny - Eli Lilly soaring after announcing positive late-stage trial results for its oral weight-loss and diabetes drug, orforglipron, paving the way for a possible launch by the end of 2025 - Novo Nordisk is looking for FDA approval of their pill-form Wegovy weight loss medication Some Eco - April Philadelphia Fed Index -26.4 vs. 10.0 Briefing.com consensus; prior 12.5 - March Building Permits 1.482 mln vs. 1.455 mln Briefing.com consensus; prior revised to 1.459 mln from 1.456 mln - March Housing Starts 1.324 mln vs. 1.418 mln Briefing.com consensus; prior revised to 1.494 mln for 1.501 mln - March Leading Indicators -0.7% vs. -0.4% Briefing.com consensus; prior revised to -0.2% from -0.3% IMF - Downgrades US ECO - The US growth forecast for this year has been given the biggest downgrade among advanced economies by the International Monetary Fund (IMF) as a result of uncertainty caused by trade tariffs. - Growth is now expected to be 1.8% this year, down from the IMF's estimate of 2.7% for the US in January. - The sharp increase in tariffs and uncertainty will lead to a "significant slowdown" in global growth, the Fund predicts. NVDA - NVIDIA breaks below $100 as China-based rival Huawei reportedly preps updated AI chip for mass shipment - Last week, NVDA gapped lower after writing down its inventory by around $5.5 bln,
With the world still reeling from Donald Trump's tariffs, the International Monetary Fund (IMF) has slashed the UK's growth forecast and says the global economy will see a "significant slowdown" - add to that, wars in Europe and the Middle East, climate change and the promise and peril of AI. So is it possible to find hope amongst this constant chorus of doom and gloom? One person who thinks they have an answer is Rutger Bregman, a progressive historian famous for taking on the Davos billionaires. He joins Matt Frei on the latest episode of The Fourcast. Produced by Holly Snelling, Calum Fraser, Rob Thomson
How do you feel about the recent stock market volatility and the weakening of the U.S. dollar? Recent market volatility has raised concerns among Americans, the International Monetary Fund (IMF), and has weakened the US dollar. The IMF warns that heightened volatility could strain financial institutions and impact global economic stability. Meanwhile, the US dollar has faced downward pressure due to these market fluctuations, affecting its strength against other currencies. Please Like, Comment and Follow 'Broeske & Musson' on all platforms: --- The ‘Broeske & Musson Podcast’ is available on the KMJNOW app, Apple Podcasts, Spotify or wherever else you listen to podcasts. --- ‘Broeske & Musson' Weekdays 9-11 AM Pacific on News/Talk 580 AM & 105.9 FM KMJ | Facebook | Podcast| X | - Everything KMJ KMJNOW App | Podcasts | Facebook | X | Instagram See omnystudio.com/listener for privacy information.
In a stark forecast of the world's economy, the International Monetary Fund (IMF) says the Trump tariffs and market uncertainty will lead to slower growth and significant change. The IMF has also slashed the UK's growth prospects - we ask what that means for the government's "number one mission".Also on the programme:After last week's definitive ruling in the courts, the impassioned arguments over gender and sex have continued in the Commons. We ask our Political Editor Chris Mason where the debate over gender and trans rights goes next.And - as the Catholic Church considers its future direction - we ask how it can appeal to the younger generation.
Watch The X22 Report On Video No videos found Click On Picture To See Larger PictureDoug Burgum halted offshore wind project near NY, Gov Hochul tries to fight back. Foreign investors are dumping stocks.IMF issues warning, Trump is destroying their system. Trump is getting ready to drill baby drill. The Art of the Deal is in action. The [DS] has lost the narrative on MS-13 who was deported. The question is why are the Ds and the fake news concerned about this individual, does he know where the bodies are buried? Scavino sends a message puts up a picture of the President of El Salvador playing chess. What is the objective, in the end it will be checkmate king. (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy Trump Admin Orders Halt To Offshore Wind Project Near New York Secretary of the Interior Doug Burgum said on April 16 that he had ordered a halt to the construction of a major wind project off the coast of New York “until further review.” Burgum, posting to the social platform X on Wednesday, said he had consulted with Commerce Secretary Howard Lutnick to direct the Bureau of Ocean Energy Management to “halt all construction activities” on Equinor's Empire Wind project. The Biden administration approved the project in 2023, with construction beginning last year. The interior secretary accused the former administration of “rush[ing] through its approval without sufficient analysis.” He did not provide further details on potential faults identified. “On day one, [President Donald Trump] called for comprehensive reviews of federal wind projects and wind leasing, and at Interior, we are doing our part to make sure these instructions are followed,” Burgum wrote in a follow-up post. In response to the pause, New York Gov. Kathy Hochul said the project had already generated roughly 1,000 “good-paying union jobs” and is contributing to the state's economy. “This fully federally permitted project has already put shovels in the ground before the President's executive orders—it's exactly the type of bipartisan energy solution we should be working on,” Hochul wrote in a statement. “As Governor, I will not allow this federal overreach to stand. I will fight this every step of the way to protect union jobs, affordable energy, and New York's economic future.” According to the University of Maryland Center for Environmental Science, offshore wind farms “can be damaging to fish and other marine species” due to the noise and vibration from both the construction and operation of the wind turbines. Disturbing the sea floor during construction can also “affect plankton in the water column.” Source: zerohedge.com https://twitter.com/KobeissiLetter/status/1912952517346070939 According to Apollo, foreigners own a massive $18.5 trillion of US stocks, or 20% of the total US equity market. Moreover, foreign holdings of US Treasuries are at $7.2 trillion, or 30% of the total. Investors from abroad also hold 30% of the total corporate credit market, for a total of $4.6 trillion. Foreign investors want out amid the volatility. IMF issues global economy warning The global economy is expected to grow more slowly this year and face higher inflation, the International Monetary Fund (IMF) has said, citing global trade disruptions and rising “protectionism.” Sweeping tariffs imposed by US President Donald Trump, which he says are focused on prioritizing domestic manufacturing and renegotiating trade deals in favor of the US, have caused a sharp rift with trade partners, including the European Union and China.
- President Trump at an Easter Prayer Service and Dinner (4.16) - Secretary of State Marco Rubio Interview with Mike Benz (4.16) - Future of AI Technology, Human Discovery, and American Global Competitiveness (4.9) - President Trump holds meeting with Italy PM Giorgia Meloni and his Cabinet - Continued: Future of AI Technology, Human Discovery, and American Global Competitiveness - President Trump participates in a Bilateral Meeting with the Prime Minister of the Italian Republic, Giorgia Meloni - State Department Press Briefing - Continued Hearing: Future of AI Technology, Human Discovery, and American Global Competitiveness - Maryland Sen. Chris Van Hollen holds press conference during El Salvador visit - Secretary of State Marco Rubio Interview with Mike Benz (4.16) - Global Economy Forecast by International Monetary Fund (IMF)
How can the United States justify imposing tariffs on countries like Jamaica Haiti, and others in the Caribbean—nations whose markets have been devastated by the very multinationals and transnationals that the U.S. has supported for decades? American Corporations have long penetrated these emerging markets, flooding them with cheaper goods and services, eroding local industries, and reducing Caribbean nations to dependent capitalist markets. The International Monetary Fund (#IMF), often under U.S. influence, has further entrenched these dependencies by enforcing structural adjustment policies that gutted public investment and local enterprise. Meanwhile, the region sends hundreds of millions—if not billions—of dollars in royalties, profits, and remittances back to the U.S., continuing a cycle of extraction and economic subordination. So why would President Donald Trump—who claims to support fair trade—impose tariffs on these vulnerable economies? The answer lies in the profoundly unequal mechanisms of globalization, where the rules benefit the powerful and marginalize the developing world. It's a game stacked against countries trying to build self-reliance and resilience.One of my friends use to work for comcast comcast business as a customer services rep (now called “Call Center Rep) getting $17 – $21 per hour in #Philly COMCAST laid him off and outsourced the job to The Philippines and Caribbean where Comcast pays Call Center Reps $1 – $3.50 per day. Yet we charge them reciprocal tariffs up to 10% plus a direct tariff on others. They want to have their cake and eat it too. DON'T BE GREEDY. GREED LEADS TO GLUT AND THEN DEATH.“Neoliberal Globalization Reconsidered Unfair Competition and the Death of Nations,” by Renaldo McKenzie. Coming soon. Https://store.theneoliberal.comGuyana found oil but never had the capability and capacity to extract and enrich the oil. So they got US oil companies to help them. That help has cost them 78 % because Guyana only gets back 12% of the profit after they pay the US companies. That's a fact. Read it in my upcoming Book, Neoliberal Globalization Reconsidered: Unfair Competition and the Death of Nations https://store.theneoliberal.com To explore these ideas further, I invite you to read my book Neoliberalism, Globalization, Income Inequality, Poverty and Resistance, which provides a historical and critical analysis of these global dynamics. Learn more or get your copy here: https://store.theneoliberal.comSubscribe https://anchor.fm/theneoliberalDonate: https://www.paypal.com/donate/?hosted_button_id=USSJLFU2HRVAQVisit us: https://theneoliberal.comWhy Is the US Charging Tariffs on the Caribbean? A Question of Globalization and Unfair Trade By Renaldo McKenzie, Author of “Neoliberalism, Globalization, Income Inequality, Poverty and Resistance.”
Elizabeth Shortino, Former Acting U.S. Executive Director at the IMF, joins Mike Shanley to discuss the role of the IMF and U.S. Executive Director, how the IMF assesses political risk, IMF engagement in emerging and frontier markets, and insights for business expanding into new markets. BIOGRAPHY: Elizabeth Shortino recently served as the Acting U.S. Executive Director at the International Monetary Fund (IMF), an international financial institution charged with promoting international monetary and financial stability and growth. In this role, Ms. Shortino represented the United States at the IMF Executive Board and advanced U.S. interests on a range of issues, including IMF lending to strategic countries such as Argentina, Egypt, Pakistan and other; IMF surveillance of global markets and growth; and all IMF institutional and policy issues. Prior to working at the IMF, Ms. Shortino spent 20 years in public service at the U.S. Treasury and the Office of Management and Budget covering international economic and development issues. She served as Director for the International Monetary Policy office and led Treasury's staff engagement and coordination on all G7 and G20 Finance Track issues, including communique negotiations, designing and advancing the U.S. agenda for its p. Ms. Shortino also oversaw the Treasury stance on all IMF policy issues and country lending programs. Prior to this role, Ms. Shortino managed the Office of Middle East and North Africa and helped coordinate an international response amongst the G7, Gulf partners, and international financial institutions to support countries undergoing democratic transitions as part of the Arab Spring. She also oversaw U.S. Treasury economic engagement in strategic countries such as Egypt, Jordan, Tunisia, Morocco, and negotiated U.S. sovereign loan guarantees to several Middle East countries. Prior to joining the U.S. Treasury, Ms. Shortino worked at the Office of Management and Budget covering international and defense spending and served as a management consultant for Cap Gemini and at Ernst & Young. Ms. Shortino holds a Bachelor of Arts from the University of North Carolina at Chapel Hill and a Masters in International Studies from Johns Hopkins School of Advanced International Studies. LEARN MORE: Thank you for tuning into this episode of the Global Strategy Podcast with Mike Shanley. You can learn more about working with the U.S. Government by visiting our homepage: Konektid International and GovDiscovery AI. To connect with our team directly, message the host Mike Shanley on LinkedIn.
In this compelling discussion, NTD News engages with Christian Briggs, economist and CEO of Hard Asset Management, and Daniel Lacalle, chief economist at Tressis, to evaluate the likelihood of a U.S. recession in light of President Trump's proposed tariff plans, including the 25% auto tariffs. The conversation delves into differing perspectives, with the International Monetary Fund (IMF) currently assessing the impact of these tariffs but not forecasting a U.S. recession at this time. Conversely, a recent CNBC survey indicates that 60% of chief financial officers anticipate a recession by late 2025, citing trade disruptions as their primary concern. Briggs and Lacalle explore these contrasting viewpoints, discussing the potential short-term and long-term effects of the tariffs on the U.S. economy, consumer confidence, and the global economic landscape. Their insights provide a nuanced understanding of the complex factors at play and the possible economic trajectories that may unfold.
Is El Salvador Retreating from Bitcoin? And Who's the Real “Wolf Warrior” in Latin America?Welcome back to Wealth Wednesday with the Latin Wealth Podcast. In this episode, we're diving into two major global stories impacting Latin America: El Salvador's Bitcoin retreat and the growing power struggle between the U.S. and China in the region.First, we take a deep look into President Bukele's historic Bitcoin experiment in El Salvador and why it's now facing a serious reversal under pressure from the International Monetary Fund (IMF). Was it a failed experiment, or was the world simply not ready for such a radical move?Then we shift focus to U.S.-China relations in Latin America—who's really acting like the “wolf warrior” now?From Trump's aggressive foreign policy moves to China's softer diplomatic tone, Latin America has become a critical battleground for influence.In this episode, we cover:- Why El Salvador is scaling back its Bitcoin plans- The IMF's role in reshaping crypto policy in Latin America- China's changing tone in Latin America- Trump's tough talk on Mexico, Colombia, and Panama- Panama leaving the Belt and Road Initiative#latinamerica #latinwealth
Kenya and the International Monetary Fund (IMF) will discuss a new lending programme and abandon the current one, as the country struggles to get its economy back on track. Kenya needs continued financial support from the fund to keep up with debt repayments that have accumulated as a result of heavy government spending in recent years. What does a fall out with the IMF mean for Kenya? Also, why women in Nigeria are calling for a nationwide state of emergencyAnd in conversation with Ghana's top investigative journalist, Anas Aremeyaw Anas, who has been awarded $18m in damages!Presenter: Audrey Brown Technical Producer: Craig Kingham Producers: Patricia Whitehorne, Nyasha Michelle and Amie Liebowitz in London. Daniel Dadzie in Accra. Senior Journalist: Karnie Sharp Editors: Andre Lombard and Alice Muthengi
Matt Bufton speaks with Ryan Manucha about interprovincial trade in Canada, focusing on the legal and economic barriers that hinder free trade between provinces. They discuss Ryan's book Booze, Cigarettes, and Constitutional Dust-Ups, examining how constitutional law, historical disputes, and political inertia have shaped Canada's fragmented trade landscape. The conversation explores key legal cases, the role of the Supreme Court, and potential reforms that could enhance economic cooperation across the country. References Booze, Cigarettes, and Constitutional Dust-Ups: Canada's Quest for Interprovincial Free Trade by Ryan Manucha https://www.amazon.ca/dp/0228014417 Gold Seal Ltd. v. Alberta (Attorney-General) (1921) – Key legal case on interprovincial trade barriers https://www.canlii.org/t/2f2ng R. v. Comeau (2018) – Supreme Court decision on cross-border alcohol sales https://decisions.scc-csc.ca/scc-csc/scc-csc/en/item/17059/index.do Interprovincial Trade Barriers in Canada: Options for Moving Forward by Alvarez et al. https://www.researchgate.net/publication/383376202_Interprovincial_Trade_Barriers_in_Canada_Options_for_Moving_Forward Provincial Red Tape Report Card by the Canadian Federation of Independent Business (CFIB) https://www.cfib-fcei.ca/en/research-economic-analysis/provincial-red-tape-report-card Internal Trade in Canada: Case for Liberalization by the International Monetary Fund (IMF) https://www.imf.org/-/media/Files/Publications/WP/2019/WPIEA2019158.ashx Thanks to our patrons, including Kris Rondolo, Amy Willis, and Christopher McDonald. To support the podcast, visit https://patreon.com/curioustask.
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The International Monetary Fund (IMF) is looking to restrict Bitcoin purchases by El Salvador as part of an extended $1.4 billion funding arrangement with the country. Begs the question; has El Salvador been buying bitcoin or simply moving wallets from hot wallets to the publicly doxxed cold wallet? Learn more about your ad choices. Visit megaphone.fm/adchoices
The International Monetary Fund (IMF) has called on South Africa to take decisive action to alleviate its mounting debt burden and stimulate economic growth. Hosted on Acast. See acast.com/privacy for more information.
In this episode, author and journalist Puja Mehra speaks to economist Rajeswari Sengupta to scrutinize the government's fiscal strategy in the latest budget. Sengupta offers candid insights on how the shift from transparent fiscal deficit targets to a more opaque debt-to-GDP approach—coupled with expenditure cuts and generous tax reliefs—is unlikely to spur growth. Tune in for a discussion that goes into the arithmetic of fiscal management, the risks of masking structural weaknesses, and the broader implications for India's economic future.ABOUT RAJESWARI SENGUPTARajeswari Sengupta is currently an associate professor of economics at Indira Gandhi Institute of Development Research (IGIDR). Her research focuses on policy-relevant issues of emerging economies in general and India in particular, in the fields of empirical macroeconomics, international finance, monetary policy, banking and financial institutions, firm financing and national accounts measurement.In the past she has held research positions at the Institute for Financial Management and Research (IFMR) in Chennai, San Francisco Federal Reserve, the World Bank, the International Monetary Fund (IMF) in Washington DC and Reserve Bank of India, Delhi. She was a member of the research secretariat to the Bankruptcy Law Reforms Committee that drafted India's Insolvency and Bankruptcy Code (IBC, 2016). She has published in reputed international journals such as Journal of Money, Credit and Banking, Economic Policy, Journal of International Money and Finance, The World Economy, Emerging Markets Review, Pacific Economic Review, Open Economies Review as well as the Economic and Political Weekly in India. She has also written chapters in various books published by the Asian Development Bank, G20, the Centre for International Governance Innovation (CIGI), among others.For more of our coverage check outthecore.inSubscribe to our NewsletterFollow us on:Twitter |Instagram |Facebook |Linkedin |Youtube
More Info on the Show: https://rhr.tv - Tether, Lightning Labs Announce USDT on Lightning Network https://www.nobsbitcoin.com/tether-lightning-labs-announce-usdt-on-lightning-network/ - The FDIC has released 175 internal documents on "Operation Chokepoint 2.0" https://www.fdic.gov/foia/correspondence-related-crypto-related-activities - Block's Proto Partners with The 256 Foundation to Support Open-Source Bitcoin Mining https://www.nobsbitcoin.com/blocks-proto-partners-with-the-256-foundation-to-support-open-source-bitcoin-mining/ - The Human Rights Foundation Awarded All 11 Bitcoin Development Bounties https://www.nobsbitcoin.com/the-human-rights-foundation-awarded-all-11-bitcoin-development-bounties/ El Salvador | Lawmakers Scale Back Bitcoin Legal Tender Law El Salvador's congress amended its Bitcoin law, making private sector acceptance of Bitcoin voluntary. The reform follows a $1.4 billion loan agreement with the International Monetary Fund (IMF) that wanted to limit the government's, citizens', and economies' exposure to Bitcoin. Salvadoran lawmaker Elisa Rosales said the latest reform guarantees Bitcoin's “permanence as legal tender” while facilitating its “practical implementation.” But, John Dennehy, founder of the civil society organization Mi Primer Bitcoin, explained that the reform removed “all references of bitcoin as money or legal tender, plus the actual conditions, such as the government accepting bitcoin for things such as taxes, are now prohibited.” The future of freedom technology in El Salvador will be worth monitoring closely as the regime continues to erode protections on civil liberties. FinancialFreedomReport.org - Sparrow Wallet v2.1.1: Lark for USB Signers, PSBTv2 Support & More https://www.nobsbitcoin.com/sparrow-wallet-v2-1-0/ - ZEUS v0.9.5: Easier Exporting of On-Chain Seed, Optimizations & More https://www.nobsbitcoin.com/zeus-v0-9-5/ - BDK Wallet v1.1.0: v2 Transactions in Tx Builder by Default, Testnet4 Support https://www.nobsbitcoin.com/bdk-wallet-v1-1-0/ - Rust-nostr v0.39.0: NIP-96, NIP-22 Helpers, Custom WebSocket Client Support & More https://www.nobsbitcoin.com/rust-nostr-v0-39-0/ - Damus Notedeck v0.3.0 (Alpha 2): Public Release https://www.nobsbitcoin.com/notedeck-v0-3-0-alpha-2/ - Lockbox Relay https://primal.net/e/note1qqqydxxwdsndc5wzg4xuc32z00wwemuyglvrp5ax2kn76lhj0m6smpkdpf - Trump announces Sovereign Wealth Fund https://primal.net//e/note1ql20qsnc42jrkamx6lpvh8ffn4ekyhqrkuzvca60ucmyfj23hh7q2set07 0:00 - Intro 2:59 - America's feeling rowdy 4:53 - Dashboard - Mempools cleared 16:01 - USAID 38:02 - Sovereign Wealth Fund 44:59 - Trump and Israel 49:07 - Tether LN 57:49 - FDIC Chokepoint 2.0 FOIA 1:05:16 - Microstrategy rebrand 1:08:31 - Block Proto & 256 Foundation 1:10:00 - HRF Bounties 1:13:59 - HRF Story of the Week 1:18:36 - Reverse Repo draining 1:19:31 - Boosts 1:28:49 - Software updates 1:36:04 - Sovereign Wealth clip 1:40:00 - Fewsats 1:43:36 - Bread and circuses Shoutout to our sponsors: Unchained https://unchained.com/concierge/ Bitkey https://bitkey.world/ Stakwork https://stakwork.ai/ Coinkite https://coinkite.com/ TFTC Merch is Available: Shop Now https://merch.tftc.io/ Join the TFTC Movement: Main YT Channel https://www.youtube.com/c/TFTC21/videos Clips YT Channel https://www.youtube.com/channel/UCUQcW3jxfQfEUS8kqR5pJtQ Website https://tftc.io/ Twitter https://twitter.com/tftc21 Instagram https://www.instagram.com/tftc.io/ Follow Marty Bent: Twitter https://twitter.com/martybent Newsletter https://tftc.io/martys-bent/ Podcast https://tftc.io/podcasts/ Follow Odell: Nostr https://primal.net/odell Newsletter https://discreetlog.com/ Podcast https://citadeldispatch.com/
Pax Americana, which means "American Peace" in Latin, refers to a period of relative peace and stability that has been maintained through the predominant influence and power of the United States on the global stage. This concept is often compared to historical periods of peace enforced by dominant powers, such as the Roman Empire's Pax Romana.Pax Americana emerged in the aftermath of World War II and the Cold War, during the second half of the 20th century and extending into the early 21st century. Key elements of Pax Americana include:Superpower Status: The United States emerged from World War II as one of the world's two superpowers, along with the Soviet Union. This gave the U.S. significant influence over global affairs.Economic Dominance: The U.S. became the world's largest economy and played a central role in shaping the global economic system, including the establishment of institutions like the United Nations, International Monetary Fund (IMF), and World Bank.Military Power: The United States maintained a strong and technologically advanced military, which it used to deter aggression and promote stability in various regions. It also entered into alliances, such as NATO, to provide collective defense.Nuclear Deterrence: The United States developed and maintained a robust nuclear arsenal, which served as a deterrent to large-scale conflicts between major powers during the Cold War.Promotion of Democracy and Capitalism: The U.S. promoted democratic governance and market-oriented economic systems as part of its foreign policy, often engaging in nation-building efforts.Cultural Influence: American culture, including music, movies, and technology, spread around the world, contributing to soft power and influencing global perceptions.Global Policeman Role: The United States often acted as a global policeman, intervening in conflicts and crises to maintain order and protect its interests.Then on a clear fall day in September, it all came crashing down when those planes slammed into the World Trade Center. (commercial at 14:10)to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.
#remoteviewing #bryanbowden #UAP #UFO #Paranormal #travelchannel #bigfoot #wildfires #drones Sir Bryan M. Bowden joins us live and wow has the world gone off the rails already. We dive into it all. Sir. Bryan M. Bowden Biography Born and raised in New York City, Bryan set on a path of Architectural Engineering but succumb to the reality that Business was his future (Even though he had a love for the sciences). He managed to squeeze in physics and astronomy while studying finance and Graduated from Pace University with a degree in international finance, with a minor in emerging markets. Bryan would use his talents by initially working with the International Monetary Fund IMF and World Bank, regarding solving the Third World Debt problems, but ultimately spending his carrier with top tier Broker Dealers. As a child, Bryan experienced some unusual events that drove his curiosity and would later propel him into becoming a boots on the ground UFO, Cryptid and paranormal Researcher and Investigator. Since 1977 he has used his spare time to explore those areas of interest, traveling the world in pursuit of the Truth. He was the first draft pick for "Essential Members of the team" and joined the Bronxville Paranormal Society BPS at its inception. He took the helm as the Chief Information and Technology officer, and Director. He has brought an entirely fresh perspective and process to the paranormal field and investigations culminating in Revolutionary results. Bryan is the creator, producer and CoHost of The critically acclaimed "Beyond The Realm" Radio Show; he is a published author, Musician and Artist. He left a career in Wall Street to start a "Think Tank" and pursue Business Development on a global scale. Bryan Bowden has been a speaker and presenter at many paranormal and cryptid conferences throughout the United States. He started the Paranormal Center and is a former member of the board for the Pine Bush UFO festival and Conference. He has conducted several successful CE-5 events, all of which have brought contact and craft to the many who have attended. Bryan is a real life Knights Templar. His official title is S.K. Bryan M. Bowden and often refers to it in appearances using Sir Bryan. He currently a member of IRVA the International Remote Viewers Association; the Founder and Director of the NYSUFOP - New York State UFO Project, NYSSO - New York State Sasquatch Organization; and the NYSDP - New York State Dogman Project. He is the Region 5 Director of the North American Dogman Project; and is The North American correspondent for Outer Limits Magazine. He is the cohost of “Inside The Goblin Universe” radio program with Ronald Murphy; host of NoBoBuMe (which stand for -Nobody But Me). He was invited to join and serve as a cohost on the “3Beards Podcast”. He also has several appearances on Dave Scott's Spaced Out Radio SOR, and also has appeared in numerous newspaper articles, independent films, television series, including Discovery + and a variety top tier podcasts. Bryan Bowden has been a speaker and presenter at many conferences throughout the United States. He is signed with Coridor13 Talent Management, which will handle his public appearances and bookings in the future. He has appeared in a seasons of Red Earth Uncovered, a Canadian series that will air beginning in the USA in 2021, and also appeared on Into the Unknown, a new paranormal series on the Travel Channel hosted by Cliff Simon, He filmed for the upcoming UFO documentary “Star Children of Pine New York”; along with filming for a 2-hour UFO Special for the Travel Channel and Discovery+ called “Alien Invasion Hudson Valley UFO” and is on Season 2 of UFO WITNESS. Bryan is working on a series of new books based on his experiences, investigations, and theories, as well as, a few children's books and short stories. His Latest publication “Words & Muses - A lyrical Life of Poetry”, is on sale at Amazon. He is currently developing new Intellectual property for both Television and the big screen, as well, as scheduling investigations, conferences and events for the year ahead. ******************************************************** You can email the hosts with your UFO/UAP and Paranormal stories at: mi.ufo.podcast@gmail.com Help support the show with the links below: Join this channel to get access to perks: https://www.youtube.com/channel/UCjUTzsRX5rBq9_r7_YtaEJg/join You can now purchase our Merch on the "STORE" TAB in the channel description All Our Links Including Our MERCH Store: https://linktr.ee/mi.ufo.podcast Paypal: Donate via paypal: https://paypal.me/miufo Become a Patreon supporter and get a show shoutout for as long as you're a member! Become a Patreon at: https://www.patreon.com/miufospep
Nosipho Radebe is in conversation with Dawie Roodt, Chief Economist at Efficient GroupSee omnystudio.com/listener for privacy information.
El Salvador has agreed to a load from the International Monetary Fund (IMF) for 1.4 Billion Dollars paid out over a 40 month period. In this loan agreement are terms that confine and lower the scope of the nations Bitcoin laws. In this video I break down the changes that will happen and speculate on what this means for the future of bitcoin in El Salvador. I forgot to edit in the free Bitcoin QR code from Bitcoin well lol I posted one in my discord under the channel #bitcoinwell Where I buy Bitcoin (Non-KYC options) https://bitcoinwell.com/referral/bitcoinnotcrypto Need help on how to buy btc on Bitcoin well? https://youtu.be/-52aEY3LIFs Join my BTC Discord and book a Free 1on1 call https://discord.gg/PY5tKvAamB Fund my Documentary "The Land of Volcanos and Bitcoin" https://geyser.fund/project/thelandofvolcanosandbitcoin Follow me on Nostr npub1zqm9zant0rxf49wfgw8pt5h0j50cetfes6hwa73u7sxstlzcsz8qh6x9fs Movies I've made https://amzn.to/3FtVKmr https://amzn.to/3FtVKmr https://amzn.to/3FtkmM6 https://amzn.to/3s43FE8 Alternative Dwelling Documentaries https://youtube.com/playlist?list=PL8TC5LCUPfit4qO8aiIh_iHtC2xFWtIzA --- Support this podcast: https://podcasters.spotify.com/pod/show/bitcoinnotcrypto/support
#remoteviewing #bryanbowden #UAP #UFO #Paranormal #travelchannel #bigfoot #UFOvsUSAF Sir. Bryan M. Bowden Biography Born and raised in New York City, Bryan set on a path of Architectural Engineering but succumb to the reality that Business was his future (Even though he had a love for the sciences). He managed to squeeze in physics and astronomy while studying finance and Graduated from Pace University with a degree in international finance, with a minor in emerging markets. Bryan would use his talents by initially working with the International Monetary Fund IMF and World Bank, regarding solving the Third World Debt problems, but ultimately spending his carrier with top tier Broker Dealers. As a child, Bryan experienced some unusual events that drove his curiosity and would later propel him into becoming a boots on the ground UFO, Cryptid and paranormal Researcher and Investigator. Since 1977 he has used his spare time to explore those areas of interest, traveling the world in pursuit of the Truth. He was the first draft pick for "Essential Members of the team" and joined the Bronxville Paranormal Society BPS at its inception. He took the helm as the Chief Information and Technology officer, and Director. He has brought an entirely fresh perspective and process to the paranormal field and investigations culminating in Revolutionary results. Bryan is the creator, producer and CoHost of The critically acclaimed "Beyond The Realm" Radio Show; he is a published author, Musician and Artist. He left a career in Wall Street to start a "Think Tank" and pursue Business Development on a global scale. Bryan Bowden has been a speaker and presenter at many paranormal and cryptid conferences throughout the United States. He started the Paranormal Center and is a former member of the board for the Pine Bush UFO festival and Conference. He has conducted several successful CE-5 events, all of which have brought contact and craft to the many who have attended. Bryan is a real life Knights Templar. His official title is S.K. Bryan M. Bowden and often refers to it in appearances using Sir Bryan. He currently a member of IRVA the International Remote Viewers Association; the Founder and Director of the NYSUFOP - New York State UFO Project, NYSSO - New York State Sasquatch Organization; and the NYSDP - New York State Dogman Project. He is the Region 5 Director of the North American Dogman Project; and is The North American correspondent for Outer Limits Magazine. He is the cohost of “Inside The Goblin Universe” radio program with Ronald Murphy; host of NoBoBuMe (which stand for -Nobody But Me). He was invited to join and serve as a cohost on the “3Beards Podcast”. He also has several appearances on Dave Scott's Spaced Out Radio SOR, and also has appeared in numerous newspaper articles, independent films, television series, including Discovery + and a variety top tier podcasts. Bryan Bowden has been a speaker and presenter at many conferences throughout the United States. He is signed with Coridor13 Talent Management, which will handle his public appearances and bookings in the future. He has appeared in a seasons of Red Earth Uncovered, a Canadian series that will air beginning in the USA in 2021, and also appeared on Into the Unknown, a new paranormal series on the Travel Channel hosted by Cliff Simon, He filmed for the upcoming UFO documentary “Star Children of Pine New York”; along with filming for a 2-hour UFO Special for the Travel Channel and Discovery+ called “Alien Invasion Hudson Valley UFO” and is on Season 2 of UFO WITNESS. Bryan is working on a series of new books based on his experiences, investigations, and theories, as well as, a few children's books and short stories. His Latest publication “Words & Muses - A lyrical Life of Poetry”, is on sale at Amazon. He is currently developing new Intellectual property for both Television and the big screen, as well, as scheduling investigations, conferences and events for the year ahead. *************************************************************** You can email the hosts with your UFO/UAP and Paranormal stories at: mi.ufo.podcast@gmail.com Help support the show with the links below: Join this channel to get access to perks: https://www.youtube.com/channel/UCjUTzsRX5rBq9_r7_YtaEJg/join You can now purchase our Merch on the "STORE" TAB in the channel description All Our Links Including Our MERCH Store: https://linktr.ee/mi.ufo.podcast Paypal: Donate via paypal: https://paypal.me/miufo Become a Patreon supporter and get a show shoutout for as long as you're a member! Become a Patreon at: https://www.patreon.com/miufospep --- Support this podcast: https://podcasters.spotify.com/pod/show/michiganufos/support
Thousands of Kenyans protested against a finance bill in June that would have increased taxes on many everyday items. This was proposed in part to help pay off loans from the International Monetary Fund (IMF) and World Bank, which account for more than 40 percent of the country's foreign debt. But what is Kenya's current fiscal climate? And how are these debts impacting gender equality? On today's episode of The Hidden Economics of Remarkable Women, host Reena Ninan talks with Nairobi-based reporter Sharon Kiburi, who has been following Kenya's debt crisis. Kiburi tells Ninan about her interview with Wanjira Wanjiru, a protest leader against the June finance bill, co-founder of the Mathare Social Justice Centre in Nairobi, and co-host of the Liberating Minds podcast. Then, we hear from Diana Gichengo, the executive director of the Institute for Social Accountability (TISA). She discusses TISA's efforts to engage with the IMF about their program in Kenya, which is largely expected to end in March. Gichengo spoke on a panel organized by Transparency International U.S. and moderated by the Trust, Accountability, and Inclusion (TAI) Collaborative on the sidelines of the IMF/World Bank meetings in October. Guests and organizations: Sharon Kiburi, journalist based in Nairobi. This is her second time reporting for HERO. Wanjira Wanjiru, co-founder of the Mathare Social Justice Centre and co-host of the Liberating Minds podcast Diana Gichengo, executive director of the Institute for Social Accountability in Kenya The Hidden Economics of Remarkable Women is a podcast from Foreign Policy, supported in part this season by the Gates Foundation, Northwestern University's Roberta Buffett Institute for Global Affairs, and the Atlantic Council. Learn more about your ad choices. Visit megaphone.fm/adchoices
The National People's Power (NPP), the ruling alliance led by President Anura Kumara Dissanayake has secured a historic mandate in Sri Lanka's parliamentary elections. By winning 159 seats in the 225-member Parliament, it has secured two-thirds majority, a feat never achieved before in Sri Lanka's proportionate representation system. This victory, coming two months after his election as President, leaves Dissanayake supremely well-placed to fulfil the expectations of a people exhausted by economic travails. But then, he will also be under pressure from the International Monetary Fund (IMF) to stick with the program of permanent austerity. Can he navigate these contradictory pulls on his government? If so, how? And will he use his two-thirds majority to establish a new political culture, say, by abolishing the executive presidency? Guest: Dr Ahilan Kadirgamar from the University of Jaffna. Host: G. Sampath, Social Affairs Editor, The Hindu. Edited by Sharmada venkatasubramanian.
The Hidden Economics of Remarkable Women is back for a very special seventh season. If you're a longtime listener, you'll know our show generally focuses on women from the global majority, or the global south. But this time, we wanted to cover the banks and institutions shaping global funding—particularly as the world faces an unprecedented amount of governmental debt. According to the International Monetary Fund (IMF), global public debt is expected to top $100 trillion by the end of this year, its highest level ever. Many countries are facing painful choices about how to spend fewer resources, including on programs critical to women and girls. We recorded most of our interviews at the IMF and World Bank annual meetings in late October, right before the U.S. presidential election. Here, financial leaders decide how to spend billions of dollars on top development priorities, such as poverty reduction, climate change, and gender equality. We'll try to answer some big questions this season: How are countries and multilateral institutions grappling with so much government debt? What are they doing to prepare for the new U.S. administration? And how is all this impacting the fight for gender equality? For the season premiere, we wanted to start by looking at what has worked in the past. We talk to two incredible women who have both been finance ministers and leaders at multilateral institutions about how they have advanced women and girls economically. Guests and organizations: Christine Lagarde, the president of the European Central Bank and the former head of the IMF Malado Kaba, the former head of gender at the African Development Bank and current managing director of Falémé Conseil First, host Reena Ninan speaks with Christine Lagarde, the president of the European Central Bank, the former head of the International Monetary Fund, and former finance minister of France. She is the first woman ever to hold any of these roles. Lagarde was also named by Forbes as the No. 2 most powerful woman in the world last year. Special thanks to our media partner for this season, the Atlantic Council. They hosted Lagarde at an event during the IMF and World Bank meetings right before our interview. Then, Reena interviews Malado Kaba, the former director of the Gender, Women, and Civil Society Department of the African Development Bank. She was also the first ever female finance and economy minister for the Republic of Guinea. Kaba is currently the managing director of Falémé Conseil, a consultancy firm focused on African economic growth. The Hidden Economics of Remarkable Women is a podcast from Foreign Policy, supported in part this season by the Gates Foundation, Northwestern University's Roberta Buffett Institute for Global Affairs, and the Atlantic Council. Learn more about your ad choices. Visit megaphone.fm/adchoices
Liberia's finance minister says he had a fruitful engagement with the International Monetary Fund (IMF) during the just-concluded meetings in Washington, DC. Augustine Ngafuan says the encounter resulted in the approval by the IMF of a 40-month $210 million loan. The sum will address urgent fiscal and balance of payment needs, including beefing up the Central Bank of Liberia reserve. Liberia currently has a $2.5 billion foreign debt. Ngafuan also tells VOA's James Butty, Liberia is prioritizing the fight against corruption through several means, including prosecuting alleged perpetrators
Send us a textWhat if ballots don't choose the next U.S. president but are instead determined by high-stakes wagers? As the 2024 election heats up, millions are being bet on potential outcomes, including a possible Trump resurgence. This episode explores this thrilling intersection of politics and gambling, examining how platforms like Polymarket and Kalshi are changing the political landscape by turning election forecasts into a betting bonanza. With heavyweights like Elon Musk and Peter Thiel backing these platforms, we delve into whether these markets are a helpful political barometer or a risky gamble that could lead to corruption.But there's more on the horizon than just election stakes. We also unravel the latest updates from the International Monetary Fund (IMF), which suggests the battle against inflation is nearly won. However, it's not all smooth sailing—the world economy faces new threats from escalating global tensions, potential trade wars, and geopolitical conflicts, notably in the Middle East and Ukraine. As these events unfold, they could have significant ramifications for your investment strategies. We'll dissect these developments and offer insights on why now might be the time to reassess your financial game plan. Stay tuned for a deep dive into these pressing issues and what they mean for your financial future.Introducing the 60-Day Deal Finder!Visit: www.MartinREIMastery.comUse the Coupon Code: WEALTHYAF for 20% off!This episode is brought to you by Premier Ridge Capital.Sign Up for our Newsletter and get our FREE E-Book where you'll learn everything you need to know about creating financial freedom through multifamily syndication.Visit www.premierridgecapital.com now! This episode is brought to you by Premier Ridge Capital.Build Generational Wealth As A Passive Investor In Multifamily Real Estate Syndication!Visit www.premierridgecapital.com to find out more.Support the show
In September 1984, the day after the President addressed the UN, he addressed a meeting of the World Bank and the International Monetary Fund. The World Bank was established along with the International Monetary Fund in 1944, at the Bretton Woods Conference. The Bank is an international financial institution that provides loans and grants to the governments of low and middle income countries for the purpose of pursuing capital projects. During the 1980s, the bank emphasized lending to service Third World debt and making structural adjustment policies that were designed to streamline the economies of developing nations. The International Monetary Fund (IMF) oversees the stability of the world's monetary system, while the World Bank aims to reduce poverty by offering assistance to middle-income and low-income countries. You'll hear in these remarks, that while the President lauds the work of the World Bank and IMF, he does clarify where American support needs to be because as he said: "While we would not impose our ideas, our policies, on anyone, we felt obliged to point out that no nation can have prosperity and successful development without economic freedom."
China is now Africa's biggest trading partner, with 20% of exports going to China and 16% of imports coming from there, according to the International Monetary Fund (IMF). At the 9th Forum on China-Africa Cooperation (FOCAC) meeting earlier this month, President Xi Jinping promised $50 billion for African development, including military support and new jobs. While this partnership boosts development, it's also raising worries about debt, dependency and power imbalances. BBC Africa Daily's Alan Kasujja spoke to experts Dr. Faith Mabera and Dr. Folashadé Soulé to break down these complex relations.
This episode examines how the International Monetary Fund (IMF) and World Bank's structural adjustment policies affected Jamaica's economic and political development from the early 1970s to the present. The IMF's loan conditions required Jamaica to implement a range of economic reforms that included trade liberalization, privatization, and deregulation of its market. This internationally regulated program resulted in Jamaica accumulating over US$4.6 billion in foreign debts. In a 2001 documentary, Stephanie Black examined the devastating impacts of the IMF's structural adjustment program in Jamaica, featuring a wide range of voices that included former Jamaican Prime Minister Michael Manley, and several workers in Jamaica's Free Economic Zones established by US multinational corporations to exploit cheap labor in the Caribbean. Material for this episode was adapted from Stephanie Black's documentary, Life and Debt.
The thing about sovereign debt is that if a country defaults on its loan, there are no international bankruptcy laws in place to ensure the creditors get their money back. So what happens then?Gregory Makoff, a physicist turned banker, is a fellow at Harvard Kennedy School and the author of the book, Default: The Landmark Court Battle over Argentina's $100 Billion Debt Restructuring. In this debut, Makoff tells the gripping story of Argentina's years-long court battle in the U.S. to settle a massive debt. He and Greg chat about the tricky nature of sovereign debt, the inner-workings of the Argentina case and why it took more than a decade for the debt to be settled, and the lasting impact the case has had on sovereign debt law. *unSILOed Podcast is produced by University FM.*Episode Quotes:Is the IMF failing broke countries?01:06:51: The biggest problem with most countries, for me, is going to the International Monetary Fund (IMF) too slowly because you're in a deeper hole. You have more debt. It hurts the debtors more. You need a bigger adjustment. So, for me, the IMF isn't the problem. It's countries hearing all this negative IMF theory and politics and that anti-IMF view hurts them. And so, I think they do as well as they can. They're a member organization. Are they perfect? Nobody's perfect. You work with them. That's why you need countries to understand IMF programs, how they work. They need to do their own economic models. They need to be proactive with the fund and say, we need this and that. We don't want to do this and that.Bridging differences and highlighting the role of arbitrators through 'Default'31:34: The book (Default) is really about two things. One is good-faith negotiation—getting people to settle their differences and not letting the partisans far on the left or far on the right dominate the solution. And the other one is the role of arbitrators.Why is it that we don't have an orderly process or system for sorting out government debt?102:10: The answer is the word sovereignty. And you can ask the same, similar question: well, why isn't there an international court that makes wars not happen? And it's, a country wants to go to war, you can't stop it. My country doesn't want to pay its debt. In fact, when you buy a security, a bond, or a loan from a foreign country and they don't want to pay, there's not much you can do about it.Can Argentina break free from its debt trap?33:39: What does Argentina do? It's got a big debt load again. Does it just keep defaulting? Or does it wake up someday and say, We're going to start honoring our debts? We're going to live within our means. And they elected Javier Millie. He came with a chainsaw. He said, We're going to honor contracts. It's going to hurt. But the people are exhausted by crisis of the 80s, crisis of the 90s, crisis of the 2000s, crisis of the 2010s. And they're like enough. We value financial stability more than we do short-term increased pension, increased wages. And how that plays out is incredibly important, and it's unchartered territoryShow Links:Recommended Resources:Anne Osborn KruegerInternational Monetary Fund (IMF)Elliott Investment ManagementCristina Fernández de KirchnerGuest Profile:Fellow Profile at Harvard Kennedy SchoolSocial Media Profile on XBook WebsiteHis Work:Default: The Landmark Court Battle over Argentina's $100 Billion Debt Restructuring
Residents in Ethiopia's capital Addis Ababa are concerned about the devaluation of the local currency, the birr, saying it may cause severe inflation & soaring prices. Shoppers told VOA today that they are already encountering soaring prices. The Ethiopian government on Sunday announced a new foreign exchange directive which will allow its currency to float freely based on market forces. A day later, the International Monetary Fund (IMF) approved a $3.4 billion loan for Ethiopia. On the line to Addis Ababa, Asmamaw Ayenew spoke to Yared Hailemeskel, an economist based in Addis Ababa, and asked about reaction to the government measures
Watch The X22 Report On Video No videos found Click On Picture To See Larger PictureThe green agenda will increase the cost of energy because it is not efficient. Just look at the UK. NY is getting wind power, wait until the people see the truth. Real estate market falling apart. IMF sends warning about rate cuts. Biden is a Manchurian candidate, so is Obama. Biden is will not make it to the 2024 elections, either he will resign or the [DS] will remove him. Is a [HRC]-[BO] possible. yes, will the [DS] move in this direction. If so, Trump has them exactly where he wants them. Think about where all this started, Clinton and Obama, its now time to finish what was a started. (function(w,d,s,i){w.ldAdInit=w.ldAdInit||[];w.ldAdInit.push({slot:13499335648425062,size:[0, 0],id:"ld-7164-1323"});if(!d.getElementById(i)){var j=d.createElement(s),p=d.getElementsByTagName(s)[0];j.async=true;j.src="//cdn2.customads.co/_js/ajs.js";j.id=i;p.parentNode.insertBefore(j,p);}})(window,document,"script","ld-ajs"); Economy This Is Why Electricity Costs Twice As Much In Britain As In The US The new Energy Secretary Ed Milliband has just given the green light to the biggest solar farm in the U.K. He claims that building the Sunnica solar farm in East Anglia will “cut bills for families”. The peak electricity demand in Britain is in the winter when we need to heat our homes, offices, shops, warehouses, factories etc. But in the winter solar farms produce almost no electricity in Britain. This is because it is dark for around 16 hours a day and when the Sun does appear it is weak and usually hidden behind thick cloud. Solar energy may make sense in some countries, for example the countries of North Africa, but building solar farms in Britain is completely brainless. Source: zerohedge.com https://twitter.com/Rasmussen_Poll/status/1815006547258277963 https://twitter.com/KobeissiLetter/status/1815016574241120667 as buyers wait for mortgage rates and prices to fall. Most recently, 30-year fixed mortgage rates fell to 6.8% on July 17th from 7.1% two weeks earlier. Meanwhile, the median house sale price is sitting at a whopping $396,379 just $100 below last week's all-time high. Buyers are quickly disappearing in this market IMF Suggests Raising Taxes to Pay off the $34 TRILLION US Federal Debt — Says the FED Should Wait to Drop Interest Rates The International Monetary Fund (IMF) released a staff report last week, advising the Federal Reserve to wait to cut interest rates and instead suggests that the government raises taxes to combat the out-of-control federal debt. The globalist-backed report mirrors the Biden Regime's economic narrative, recommending that the FED hold the line until interest rates dip back down to their set target of 2%. From the IMF staff report: “Directors noted that high fiscal deficits and the ongoing increase in the U.S. public debt to GDP ratio pose risks not only for the U.S. but also the global economy. They stressed the pressing need for a frontloaded fiscal adjustment, through both revenue and spending measures, while redirecting some of the fiscal savings to programs to alleviate poverty. A structural and long-term solution to address the issues related to the debt ceiling would also be beneficial…” Source: thegatewaypundit.com Political/Rights Geopolitical/Police State War Russia Warns It Sees 'Concentrated Presence' Of NATO Warships In Black Sea The Kremlin has again warned against a build-up of NATO warships in the Black Sea, while saying it is monitoring a noticeable increase in Western military vessels. "Of course, the concentrated presence of NATO ships - we are paying attention to Bulgaria and Romania, the coastal states that are members of the (NATO) alliance - of course this represents, especially in the current situation, an additional threat to Russia,
Lub koom haum International Monetary Fund (IMF) ceeb toom tias tej zaum ntshe tej kab theem paj ntawm ntau lub teb chaws uas muaj teb chaws Australia nrog tseem yuav nce siab tshaj qub ntxiv los yog muaj tus kab theem paj siab li no rau ib lub caij ntev tshaj qub vim tej nyiaj tseem poob nqe...,
Pax Americana, which means "American Peace" in Latin, refers to a period of relative peace and stability that has been maintained through the predominant influence and power of the United States on the global stage. This concept is often compared to historical periods of peace enforced by dominant powers, such as the Roman Empire's Pax Romana.Pax Americana emerged in the aftermath of World War II and the Cold War, during the second half of the 20th century and extending into the early 21st century. Key elements of Pax Americana include:Superpower Status: The United States emerged from World War II as one of the world's two superpowers, along with the Soviet Union. This gave the U.S. significant influence over global affairs.Economic Dominance: The U.S. became the world's largest economy and played a central role in shaping the global economic system, including the establishment of institutions like the United Nations, International Monetary Fund (IMF), and World Bank.Military Power: The United States maintained a strong and technologically advanced military, which it used to deter aggression and promote stability in various regions. It also entered into alliances, such as NATO, to provide collective defense.Nuclear Deterrence: The United States developed and maintained a robust nuclear arsenal, which served as a deterrent to large-scale conflicts between major powers during the Cold War.Promotion of Democracy and Capitalism: The U.S. promoted democratic governance and market-oriented economic systems as part of its foreign policy, often engaging in nation-building efforts.Cultural Influence: American culture, including music, movies, and technology, spread around the world, contributing to soft power and influencing global perceptions.Global Policeman Role: The United States often acted as a global policeman, intervening in conflicts and crises to maintain order and protect its interests.Then on a clear fall day in September, it all came crashing down when those planes slammed into the World Trade Center.(commercial at 14:10)to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast: https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.
Pax Americana, which means "American Peace" in Latin, refers to a period of relative peace and stability that has been maintained through the predominant influence and power of the United States on the global stage. This concept is often compared to historical periods of peace enforced by dominant powers, such as the Roman Empire's Pax Romana.Pax Americana emerged in the aftermath of World War II and the Cold War, during the second half of the 20th century and extending into the early 21st century. Key elements of Pax Americana include:Superpower Status: The United States emerged from World War II as one of the world's two superpowers, along with the Soviet Union. This gave the U.S. significant influence over global affairs.Economic Dominance: The U.S. became the world's largest economy and played a central role in shaping the global economic system, including the establishment of institutions like the United Nations, International Monetary Fund (IMF), and World Bank.Military Power: The United States maintained a strong and technologically advanced military, which it used to deter aggression and promote stability in various regions. It also entered into alliances, such as NATO, to provide collective defense.Nuclear Deterrence: The United States developed and maintained a robust nuclear arsenal, which served as a deterrent to large-scale conflicts between major powers during the Cold War.Promotion of Democracy and Capitalism: The U.S. promoted democratic governance and market-oriented economic systems as part of its foreign policy, often engaging in nation-building efforts.Cultural Influence: American culture, including music, movies, and technology, spread around the world, contributing to soft power and influencing global perceptions.Global Policeman Role: The United States often acted as a global policeman, intervening in conflicts and crises to maintain order and protect its interests.Then on a clear fall day in September, it all came crashing down when those planes slammed into the World Trade Center. (commercial at 14:10)to contact me:bobbycapucci@protonmail.com
Ghana's parliament has recently passed a tough new anti-LGBT bill. President Nana Akufo-Addo hasn't yet signed it in to law, after warnings that it could threaten Ghana's much needed donor funding from places like the World Bank and IMF. Ghana is suffering a major economic crisis and last year had a bailout from the International Monetary Fund (IMF).Other African countries have also brought in similar laws. But is it fair for international financial institutions to get involved in politics in this way?Presenter: Ed Butler Producer: Immie Rhodes(Image credit: AFP)
Join economist Dr. Orphe Divounguy and Chris Krug as they discuss the International Monetary Fund (IMF) on this episode of Everyday Economics! Everyday Economics is an unrehearsed, free-flow discussion of the economic news shaping the day. The thoughts expressed by the hosts are theirs, unedited, and not necessarily the views of their respective organizations.
Emmanuel Mathias, Head of the Governance and Anti-Corruption Division at the International Monetary Fund (IMF), speaks to Prof. Liz Dávid-Barrett (Centre for the Study of Corruption). He discusses the main pillars of the IMF's 2018 Framework for Enhanced Engagement on Governance, providing insights on how the fund approaches its anti-corruption work. The framework can be found here: https://www.imf.org/en/Publications/Policy-Papers/Issues/2018/04/20/pp030918-review-of-1997-guidance-note-on-governance And the review discussed by Emmanuel can be found here: https://www.imf.org/en/Publications/Policy-Papers/Issues/2023/04/11/Review-of-Implementation-of-The-2018-Framework-for-Enhanced-Fund-Engagement-on-Governance-532166?cid=pr-com-PPEA2023015
Episode Summary In this episode of the Solar Maverick Podcast, Benoy speaks with Herve Billet and the Joe Marhamati who are the founders of Sunvoy. Sunvoy is the first and only solar customer portal and fleet management system built for solar installers by a solar installer. Herve and Joe discuss how their software helps solar installers, what they learned from working at the Department of Energy, and they speak about their entrepreneurship experiences. Benoy Thanjan Benoy Thanjan is the Founder and CEO of Reneu Energy and he is also an advisor for several solar startup companies. He has extensive project origination, development, and financial experience in the renewable energy industry and in the environmental commodities market. This includes initial site evaluation, permitting, financing, sourcing equipment, and negotiating the long-term energy and environmental commodities off-take agreements. He manages due diligence processes on land, permitting, and utility interconnection and is in charge of financing and structuring through Note to Proceed (“NTP”) to Commercial Operation Date (“COD”). Benoy composes teams suitable for all project development and construction tasks. He is also involved in project planning and pipeline financial modeling. He has been part of all sides of the transaction and this allows him to provide unique perspectives and value. Benoy has extensive experience in financial engineering to make solar projects profitable. Before founding Reneu Energy, he was the SREC Trader in the Project Finance Group for SolarCity which merged with Tesla in 2016. He originated SREC trades with buyers and co-developed their SREC monetization and hedging strategy with the senior management of SolarCity to move into the east coast markets. Benoy was the Vice President at Vanguard Energy Partners which is a national solar installer where he focused on project finance solutions for commercial scale solar projects. He also worked for Ridgewood Renewable Power, a private equity fund, where he analyzed potential investments in renewable energy projects and worked on maximizing the financial return of the projects in the portfolio. Benoy also worked on the sale of all of the renewable energy projects in Ridgewood's portfolio. He was in the Energy Structured Finance practice for Deloitte & Touche and in Financial Advisory Services practice at Ernst & Young. Benoy received his first experience in Finance as an intern at D.E. Shaw & Co., which is a global investment firm with 37 billion dollars in investment capital. He has a MBA in Finance from Rutgers University and a BS in Finance and Economics from the Stern School of Business at New York University. Benoy was an Alumni Scholar at the Stern School of Business. Herve Billet He is a father, serial entrepreneur, investor, engineer, Master Electrician on a mission to fight climate change. Ipsun Solar installs residential and commercial solar PV systems. They are a licensed General Contractor in 3 U.S. States: Virginia, Washington DC and Maryland. Ipsun Tech has a software called Sunvoy to automate communication and tasks for solar companies and provide a solar installation company with a white label customer portal. Sunvoy also offers a tool to manage a solar fleet. Check it out at www.sunvoy.com Before co-founding Ipsun Power I was with Accenture consulting with Fortune 500 companies, U.S. Federal agencies and large non-profits: - Greenhouse Gas emission calculations for the U.S. Department of Energy Headquarters. - Business development work for Accenture's Sustainability Services - Lead a Digital implementation team for Goodwill International Industries - Provided strategy and sales support to large accounts including the International Monetary Fund (IMF), World Bank, UNICEF, United Nations, U.S. Department of Labor He co-founded my first company when I was 21, a solar car organization www.solarteam.be meant to highlight the capabilities of solar power. Joe Marhamati What gets him out of bed every day is helping solar installers learn from my lived experience in building an 8-figure solar business, not just the successes but also the mistakes. In my current role as co-founder and CFO of Sunvoy, he help solar installers build their brands by building a white-labeled customer portal and fleet management platform to bring together all of their fleet data into a single location. He is also passionate about helping solar installers with their tech stack, growth strategy, management and leadership direction, and exit plans. Stay Connected: Benoy Thanjan Email: info@reneuenergy.com LinkedIn: Benoy Thanjan Website: https://www.reneuenergy.com Herve Billet Website: https://sunvoy.com/ Linkedin: https://www.linkedin.com/in/hervebilliet/ Joe Marhamati Linkedin: https://www.linkedin.com/in/marhamati/ Join Reneu Energy and the Solar Maverick Podcast for the Summer Solstice Fundraiser Celebrate the peak of summer with us at the Summer Solstice Fundraiser, hosted by Reneu Energy and the Solar Maverick Podcast. This special evening will take place on Thursday, June 20, from 6 PM to 10 PM at Hudson Hall in Jersey City, NJ. As we revel in the longest day of the year, we'll also be raising funds for the Let's Share the Sun Foundation, which aids impoverished communities in harnessing solar energy. Thanks to your support, we raised $2,250 for this great cause from our previous events. Event Details Venue: Hudson Hall, a Czech biergarten and smokehouse co-owned by Benoy, CEO of Reneu Energy. Time: 6 PM to 10 PM, with an open bar from 6 PM to 8 PM and delicious food throughout the evening. Tickets: $64 per person. You can RSVP using the link provided below. Sponsorship Opportunities: If you're interested in sponsoring this event and helping make a difference, please respond to this email. https://www.tickettailor.com/events/reneuenergy/1256198
PPI Initially the Producer Price Index (PPI) looked problematic as it increased 0.5%, which easily topped the estimate of 0.3%. Looking further into the report though, the March reading was revised from an initially reported 0.2% gain to a decline of 0.1%, which more than accounted for this month's beat. Looking on a year-over-year basis, PPI rose 2.2% and core PPI was 2.4%. While the core PPI increase was the biggest annual move since August 2023, I still don't believe it's at a problematic level considering the Fed's 2% target. CPI The Consumer Price Index (CPI) brought some positive news as the index grew 3.4% in April which was in line with expectations and better than the previous month's reading of 3.5%. Core CPI which excludes food and energy was up 3.6% and was below last month's reading of 3.8%. This was the lowest reading for core CPI since April 2021. Shelter continues to be the major weight keeping prices elevated as it was up 5.5% over last year and accounted for over two thirds of the growth in core CPI. Energy which was a major positive for the CPI numbers for much of last year has now brought some pressure to the headline CPI number as it was up 2.6% compared to last year. The easy comparisons from last year have disappeared and now I believe we will continue to see year over year gains in the energy component moving forward. Other areas that remained problematic included motor vehicle insurance (+22.6%), admission to sporting events (+15.4%), and motor vehicle repair (+9.8%). While there are some remaining negatives in the inflation fight, overall, I believe this report shows we are continuing to head in the right direction. Private Credit I have seen investors become more interested in the private credit space, but personally I have not invested any money in it, nor would I recommend my clients do so. Private credit is where nonbank financial institutions, like private-equity firms, make loans to businesses. It was essentially created to serve companies that were too big or risky for banks or too small for the bond market. The funds are generally illiquid, which means you could be stuck in an investment and if it goes south, you may have no other choice than to ride it out and hope it comes back. Also, since they rarely trade you don't really know what the loans are worth and have to rely on pricing from quarterly accounting estimates. The fees are quite high as they are in the range of 1.25%, which I would consider high for essentially a fixed income alternative. Unknown risks could also be developing in the space due to less regulations and limited oversight. The International Monetary Fund (IMF) recently released a report that stated with the recent increase in yields, more than a third of borrowers have interest costs that exceed their earnings. Pull all the info together and I'm comfortable not being in this investment. Meme Stocks Meme stocks are back in the news with companies like GameStop (GME) and AMC Entertainment (AMC) surging! AMC was actually quite smart and took advantage of the move to do a $250 million stock sale to raise capital. Like I said back in 2021, these moves are occurring for no fundamental reason. The fact that these are occurring because a guy that goes by the name “Roaring Kitty” posted an image of a man in chair leaning forward is just crazy. If you want to gamble on this stock just know that's all it is, there is no fundamental reason for the company's stock to be trading at these levels. It's also important to remember that last time the hype occurred the stock reached an intra-day split adjusted high of $120.75 per share and has been in free fall before this recent move as it touched a three year low of $9.95 per share. I believe the story will end the same way for many of these traders and for those that think they are sticking it to Wall Street, unfortunately it will not have as big of an impact as they think. Financial Planning: Best Withdrawal Rate for Retirement The 4% rule has been around for decades and states if retirees withdraw 4% from their portfolio every year, and increase the annual withdrawals by the rate of inflation, they are very unlikely to run out of money. This rule of thumb has been widely used but it is important to understand it has some pitfalls. First off, a 4% withdrawal rate is overly conservative in almost all cases. To be able to withdraw 4% plus inflation over a retirement lasting 30 years, the asset return needs to outpace inflation by just 1%. A 1% real return is extremely low. This is partly caused by the misconception that retirees need to have an overly conservative portfolio. Regardless of age, retirees still should allocate their assets to grow and outpace inflation. That doesn't mean they need to buy risky or trendy investments, but there should always be growth. Retirees are living longer and longer which means traditional “conservative” portfolios are actually riskier because they increase the chance of outliving money. Secondly, retirement spending typically doesn't maintain pace with inflation. In the first few years of retirement, people are more active and spending more, but as they age, they tend to slow down which results in lower levels of spending. This means it can be appropriate to start with a larger withdrawal rate followed by smaller inflationary increases over time. Because of this, a 5% or even 6% withdrawal rate can be used in retirement when paired with wise investment management. A withdrawal rate of 6% may not seem like much more than 4%, but mathematically it is 50% more which means substantially more retirement income, or being able to retire several years sooner. Stocks Discussed: Netflix (NFLX), Wayfair (W) and CVS Health (CVS)
Our experts highlight their biggest takeaways from the International Monetary Fund's recent meetings, including which markets around the globe are on an upward trajectory.----- Transcript -----Simon Waever: Welcome to Thoughts on the Market. I'm Simon Waever, Morgan Stanley's Global Head of Emerging Markets, Sovereign Credit and Latin America Fixed income strategy. Neville Mandimika: And I'm Neville Mandimika from the Emerging Markets Credit Strategy team with a focus on Central and Eastern Europe, Middle East and Africa.Simon Waever: And on this episode of Thoughts on the Market, we'll discuss what we believe investors should take away from the International Monetary Fund's Spring Meetings in Washington, DC. It's Monday, May 13th at 10am in New York.Neville Mandimika: And it's 3 pm in London.To give some context, every year, the Spring Meetings of the International Monetary Fund (IMF) and the World Bank provide a forum for country officials, private sector market participants and academics to discuss critical global economic issues. This time around, the meetings were held against a backdrop, as you might imagine, of rising geopolitical tensions, monetary policy pivots, and limited fiscal space.Simon, we were both at the event, and I wanted to discuss what we took away from our own meetings, as well as discussions with other market participants. How would you describe the mood this time around compared to the annual meetings in October last year?Simon Waever: So, I would say sentiment was cautiously optimistic. Of course, it did happen in the backdrop of inflation; the first quarter not being as well behaved as everyone had hoped for. So that really put the focus on central banks being more cautious in their easing paths, which is actually a point the IMF also made back in October.But away from that, growth has held up better than expected. In the US for sure, but also more globally. So, I would say it could have been a lot worse.Neville Mandimika: Was it just me or there was a particular focus on fiscals this time around? What did you make of this?Simon Waever: No, there was for sure and interestingly it was focused on both developed economies and developing economies, which isn't usually the case. And I think it's clear that not only the IMF but also the markets are worried that we're still some distance away from stabilizing debt in most countries. And not only that but that it's going to be hard to close that gap due to lower growth and spending pressures. So that meant that there was a lot of discussions on how much term premier there needs to be in government bond curves and whether they need to be steeper.Neville Mandimika: It's often very difficult to talk about, you know, the global economic dynamics without talking about AI, which seems to be the catchphrase this year. How is the fund viewing this in light of the potential for the global economy?Simon Waever: So, the issue is that the IMF has often had to revise down medium-term growth outlook; something that it pretty much had to do every year since 2010, actually. And today it stands at only 2.8 globally. If you look at the IMF's publications, they attribute the key reasons to this to misallocation of capital and labor.But what they also did this time around was look at what could turn it around; and maybe unsurprisingly structural reforms that reduces that misallocation would be the larger potential factor that could boost this up again. They estimate about around 1.2 per cent of GDP. But then to your point the adoption of AI is seen as another new driver.Of course, it's also a lot more uncertain because there needs to be a lot of a lot more work done around it. But they think it could add nearly one percentage point to global growth in a positive scenario. But Neville, with that, let's dig deeper into the issues of developing countries which, after all, is the focus of the meetings. The cost of debt is rising, which has led to some countries experience debt distress. But from our side, we've also frequently pushed back against the idea that there is a growing debt crisis. So, coming back from the meetings, what kind of debt restructuring progress has been made? And how do you see it playing out for the remainder of the year? Neville Mandimika: Yeah, interestingly, there was still plenty of talk in the meetings about EM (emerging market) debt crisis, but the backdrop to the conversation was significantly better this time around compared to October 2023.Since last year, we've seen progress from Suriname, which is a small part of the Emerging Market Bond Index, close its restructuring, Zambia reaching a deal with private bondholders with the expectation that all of this could be buttoned up by June this year, multiple proposals in Sri Lanka and Ukraine making some progress.This gives me some hope that the number of sovereigns in default will be lower by the end of this year. And I think more importantly, we don't expect any country, any new country, to get into default -- as countries like Pakistan and Tunisia have made some progress in avoiding restructuring its own debt.The other important thing that came out from my vantage point is that the Global Sovereign Debt Roundtable seems to be making some progress, particularly on outlining the structure of EM debt crises, which is, you know, emphasizing parallel negotiations between official and private creditors and, of course, timely sharing of information between stakeholders.Simon Waever: Then another focus has been that the IMF has been making some concessions to try to increase financing for countries that need it. Do you think there was progress on this front? Neville Mandimika: Yeah, it certainly seems so. You know, there seems to be some momentum on that front. You'd remember that last year, there was a resolution to increase the IMF's lending capacity by increasing country quotas by 50 per cent. Once this is buttoned up, heavy borrowers like Egypt and Argentina would greatly benefit, I think.Until this is done, the fund extended its temporary higher access limits to allow countries to borrow more in the meantime. There was also increased dialogue on reducing surcharges, which is the additional interest payments the IMF imposes on borrowers. The reduction of these would greatly help the likes of Argentina and Ecuador. Unfortunately, not much concrete progress has been made on this front.Simon Waever: And then finally, across all the meetings we held, which countries did you come away more positive on and which ones would still be of concern?Neville Mandimika: Yeah, I certainly came out a lot more positive on Senegal, as fears of large policy changes like leaving the CFA franc were eased. Egypt was also another clear positive, given the commitment to reforms, despite large financing that was received earlier this year. Nigeria, there was also some momentum on this front as reforms is still very much front and center from the political authorities. And lastly, Turkey saw authorities affirming their commitment to fighting inflation and loosening the grip on the foreign exchange market.And I'll throw the same question to you, Simon. Which countries are you positive on?Simon Waever: Yeah, I mean, it was pretty hard to take away the excitement from Egypt, but I would say that Argentina is another country where people came away pretty positive. The imbalances are significant, but they're just making very good headway in unwinding them; and they have the support of the IMF to do so. Ecuador would be the other one where sentiment in general is positive. On the more cautious side, I would point towards those countries where fiscal deficits are heading in the wrong direction, which goes back to the worries about fiscals we spoke about earlier -- and Colombia is one such example.But with that, let's wrap it up. Neville, thanks for taking the time to talk.Neville Mandimika: Great speaking with you, Simon.Simon Waever: And as a reminder, if you enjoy Thoughts on the Market, please take a moment to rate and review us wherever you listen to the podcast. It helps more people find the show.
Pax Americana, which means "American Peace" in Latin, refers to a period of relative peace and stability that has been maintained through the predominant influence and power of the United States on the global stage. This concept is often compared to historical periods of peace enforced by dominant powers, such as the Roman Empire's Pax Romana.Pax Americana emerged in the aftermath of World War II and the Cold War, during the second half of the 20th century and extending into the early 21st century. Key elements of Pax Americana include:Superpower Status: The United States emerged from World War II as one of the world's two superpowers, along with the Soviet Union. This gave the U.S. significant influence over global affairs.Economic Dominance: The U.S. became the world's largest economy and played a central role in shaping the global economic system, including the establishment of institutions like the United Nations, International Monetary Fund (IMF), and World Bank.Military Power: The United States maintained a strong and technologically advanced military, which it used to deter aggression and promote stability in various regions. It also entered into alliances, such as NATO, to provide collective defense.Nuclear Deterrence: The United States developed and maintained a robust nuclear arsenal, which served as a deterrent to large-scale conflicts between major powers during the Cold War.Promotion of Democracy and Capitalism: The U.S. promoted democratic governance and market-oriented economic systems as part of its foreign policy, often engaging in nation-building efforts.Cultural Influence: American culture, including music, movies, and technology, spread around the world, contributing to soft power and influencing global perceptions.Global Policeman Role: The United States often acted as a global policeman, intervening in conflicts and crises to maintain order and protect its interests.Then on a clear fall day in September, it all came crashing down when those planes slammed into the World Trade Center.(commercial at 11:42)to contact me:bobbycapucci@protonmail.comBecome a supporter of this podcast:https://www.spreaker.com/podcast/the-epstein-chronicles--5003294/support.
Pax Americana, which means "American Peace" in Latin, refers to a period of relative peace and stability that has been maintained through the predominant influence and power of the United States on the global stage. This concept is often compared to historical periods of peace enforced by dominant powers, such as the Roman Empire's Pax Romana.Pax Americana emerged in the aftermath of World War II and the Cold War, during the second half of the 20th century and extending into the early 21st century. Key elements of Pax Americana include:Superpower Status: The United States emerged from World War II as one of the world's two superpowers, along with the Soviet Union. This gave the U.S. significant influence over global affairs.Economic Dominance: The U.S. became the world's largest economy and played a central role in shaping the global economic system, including the establishment of institutions like the United Nations, International Monetary Fund (IMF), and World Bank.Military Power: The United States maintained a strong and technologically advanced military, which it used to deter aggression and promote stability in various regions. It also entered into alliances, such as NATO, to provide collective defense.Nuclear Deterrence: The United States developed and maintained a robust nuclear arsenal, which served as a deterrent to large-scale conflicts between major powers during the Cold War.Promotion of Democracy and Capitalism: The U.S. promoted democratic governance and market-oriented economic systems as part of its foreign policy, often engaging in nation-building efforts.Cultural Influence: American culture, including music, movies, and technology, spread around the world, contributing to soft power and influencing global perceptions.Global Policeman Role: The United States often acted as a global policeman, intervening in conflicts and crises to maintain order and protect its interests.Then on a clear fall day in September, it all came crashing down when those planes slammed into the World Trade Center.(commercial at 14:10)to contact me:bobbycapucci@protonmail.com
Economics is sometimes called the “dismal science.” But the International Monetary Fund (IMF) has a surprisingly positive outlook for the U.S. economy—even if public sentiment hasn't yet caught up. Host Ravi Agrawal discusses the state of the global economy with Gita Gopinath, the IMF's first deputy managing director. The two begin with Gopinath's latest essay in Foreign Policy about trade fragmentation and fears of a new Cold War. Suggested reading: Gita Gopinath: How Policymakers Should Handle a Fragmenting World Adam Posen: America's Zero-Sum Economics Doesn't Add Up Adam Tooze: The IMF is an anchor adrift in a changing world economy And FP is looking for a new producer of this show. If you'd like to work with us, please check out the job description: https://foreignpolicy.com/employment-opportunities/. Learn more about your ad choices. Visit megaphone.fm/adchoices
“Imagine if it was a democratic process…and the government went to the people and said ‘hey who wants a 44% reduction in their purchasing power next Wednesday?' Zero people would raise their hands obviously…devaluations can never be democratic; but the economic part of it is the hidden repression – this is the part they always hide from you.”— Alex GladsteinJeff Booth is the Author of The Price of Tomorrow & CEO/Chairman of Ego Death Capital and Alex Gladstein is Chief Strategy Officer at the Human Rights Foundation. In this interview, we discuss the devastating effects of currency devaluation, the systemic issues of exploitation, debt, and inequality, and the potential of Bitcoin to provide economic hope and empowerment.- - - - In mid-November, the Malawian government announced a sharp devaluation of its currency, which resulted in instant price increases for commodities such as fuel and electricity of 40%. This has devastating effects on people already struggling to make ends meet. To add further insult, there is a serious lack of transparency in the process. The injustice of the situation is glaring, with no one held accountable for the harm caused by the devaluation.Our conversation touched on the hidden nature of modern-day slavery disguised as economics. We highlighted how the West's living standards are based on stealing resources and exploiting cheap labour from countries like Malawi. The International Monetary Fund (IMF) plays a role in ensuring cheap goods for the West, but their public statements focus on stabilising the world and reducing poverty.We also discussed the issue of wages in sub-Saharan African countries, which have not recovered from their peak in the 1970s. The impact of debt and interest payments on these countries' budgets is ruinous, with a significant percentage of their annual budget going towards paying off debt. The entire global economic system is based on theft, and the uncomfortable truth is that the rate of theft influences economic conditions in the West. Bitcoin, as a decentralised system, reveals the truth about what is happening in the world. Bitcoin allows individuals to protect themselves from devaluation and move into a system that doesn't constantly steal their wages. We were fortunate to see how Bitcoin can bring positive change to countries like Malawi, where Bitcoin mining is enabling a remote village to utilise hydro energy to power the village and generate income.- - - - This episode's sponsors:Iris Energy - Bitcoin Mining. Done Sustainably Bitcasino - The Future of Gaming is hereLedger - State of the art Bitcoin hardware walletWasabi Wallet - Privacy by defaultUnchained - Secure your bitcoin with confidenceOrange Pill App - Stack friends who stack satsSwan Bitcoin - Invest in Bitcoin with Swan-----WBD751 - Show Notes-----If you enjoy The What Bitcoin Did Podcast you can help support the show by doing the following:Become a Patron and get access to shows early or help contributeMake a tip:Bitcoin: 3FiC6w7eb3dkcaNHMAnj39ANTAkv8Ufi2SQR Codes: BitcoinIf you do send a tip then please email me so that I can say thank youSubscribe on iTunes | Spotify | Stitcher | SoundCloud | YouTube | Deezer | TuneIn | RSS FeedLeave a review on iTunesShare the show and episodes with your friends and familySubscribe to the newsletter on my websiteFollow me on Twitter Personal | Twitter Podcast | Instagram | Medium | YouTubeIf you are interested in sponsoring the show, you can read more about that here or please feel free to drop me an email to discuss options.
Jeff Booth is the Author of The Price of Tomorrow & General Partner at Ego Death Capital and Alex Gladstein is Chief Strategy Officer at the Human Rights Foundation. In this interview, we discuss the devastating effects of currency devaluation, the systemic issues of exploitation, debt, and inequality, and the potential of Bitcoin to provide economic hope and empowerment. - - - - In mid-November, the Malawian government announced a sharp devaluation of its currency, which resulted in instant price increases for commodities such as fuel and electricity of 40%. This has devastating effects on people already struggling to make ends meet. To add further insult, there is a serious lack of transparency in the process. The injustice of the situation is glaring, with no one held accountable for the harm caused by the devaluation. Our conversation touched on the hidden nature of modern-day slavery disguised as economics. We highlighted how the West's living standards are based on stealing resources and exploiting cheap labour from countries like Malawi. The International Monetary Fund (IMF) plays a role in ensuring cheap goods for the West, but their public statements focus on stabilising the world and reducing poverty. We also discussed the issue of wages in sub-Saharan African countries, which have not recovered from their peak in the 1970s. The impact of debt and interest payments on these countries' budgets is ruinous, with a significant percentage of their annual budget going towards paying off debt. The entire global economic system is based on theft, and the uncomfortable truth is that the rate of theft influences economic conditions in the West. Bitcoin, as a decentralised system, reveals the truth about what is happening in the world. Bitcoin allows individuals to protect themselves from devaluation and move into a system that doesn't constantly steal their wages. We were fortunate to see how Bitcoin can bring positive change to countries like Malawi, where Bitcoin mining is enabling a remote village to utilise hydro energy to power the village and generate income. - Show notes: https://www.whatbitcoindid.com/podcast/bitcoin-a-30000ft-view This episode's sponsors: Iris Energy - Bitcoin Mining. Done Sustainably Bitcasino - The Future of Gaming is here Ledger - State of the art Bitcoin hardware wallet Wasabi Wallet - Privacy by default Unchained - Secure your bitcoin with confidence OrangePillApp - Stack Friends Who Stack Sats SwanBitcoin - Invest in Bitcoin with Swan