Tag Archives: IMF

March 02

ARGENTINA’S GDP GETS BOTOX

Argentina’s nubile president Cristina Kirchner says she ‘was born wearing makeup’ however, vanity is hardly Ms. Kirchner’s only sin.  The veracity of her finance minister’s reported GDP growth rate is questioned by everyone including the all important IMF.  In fact, IMF head Christine Lagarde (an alluring woman for her age as well) has given Ms. […]

Dante Ruffalo Alicia Moritz January 28

STICK TO THE EURO, NOT THE GYRO

The Troika is a reference to the International Monetary Fund (IMF), European Central Bank (ECB) and the European Commission (EC).  The troika is the economic powerhouse in charge of the bailout funds for southern European nations.  They are not a well liked group by citizens in these desperate countries because they control the purse strings […]

alicia moritz dante ruffalo January 28

IOU MRS. MERKEL

The Eurobond is a form of mutualized debt subsidized by member states of the European Union.  A comparison to the United States is when China buys our ‘debt’ they are actually buying bonds that are secured by the collective economic output of the 50 states.  Similarly, a Eurobond is a debt instrument like U.S. bonds, […]

March 30

TEA PARTY DOLTS CHAFE MS. LAGARDE

The IMF plays a key role in global economic stability.  To summarize what it does, the IMF maintains the ability of small countries (exporters in the context of globalization) to continue selling cheap goods (such as Nike shoes) to rich countries like the U.S. for prices less than what it would cost to manufacture the […]

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