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| IMF admits disastrous love affair with the euro and apologises for the immolation of Greece | |
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| Tweet Topic Started: Jul 29 2016, 01:07 PM (285 Views) | |
| Member013 | Jul 29 2016, 01:07 PM Post #1 |
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The International Monetary Fund’s top staff misled their own board, made a series of calamitous misjudgments in Greece, became euphoric cheerleaders for the euro project, ignored warning signs of impending crisis, and collectively failed to grasp an elemental concept of currency theory. This is the lacerating verdict of the IMF’s top watchdog on the fund’s tangled political role in the eurozone debt crisis, the most damaging episode in the history of the Bretton Woods institutions. It describes a “culture of complacency”, prone to “superficial and mechanistic” analysis, and traces a shocking breakdown in the governance of the IMF, leaving it unclear who is ultimately in charge of this extremely powerful organisation. http://www.telegraph.co.uk/business/2016/07/28/imf-admits-disastrous-love-affair-with-euro-apologises-for-the-i/?WTmcid=tmgoff_soc_spf_fb&WT.mc_id=sf32018342 |
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| voted4reagan | Jul 29 2016, 01:46 PM Post #2 |
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the result of what happens when Socialists control the Money Supply... |
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Trump needs to focus more so on the male vote. He should have nationalized the Boy Scouts when they decided to admit girls. Harambe4Trump AKA "FASHY" | |
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| Drudge X | Jul 29 2016, 01:56 PM Post #3 |
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It doesn't take a doctorate degree to conclude that the Euro is crap. The valuation of the Euro was based on impulse and identity politics. How the f*** can they say the Euro is the choice of currency when about 3 countries within the EU, prior to Brexit, can project "some" global power abroad. Even though they can, it is fraction compare with the the US. When the US changes its policy, lots of countries are affected. When the EU changes its policy, ok. Do people ever wonder why Russia and China's currencies are not the choice for buying and selling in the international market? |
| Kate Steinle was separated from her family permanently but leftists didn't seem to mind. | |
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| Opinionated | Jul 29 2016, 03:42 PM Post #4 |
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Because of course the capitalists would have just let all the banks fail and let the chips fall where they may. Like GWB did... |
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| Robertr2000 | Jul 29 2016, 04:28 PM Post #5 |
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| "if that **** wins we'll all hang from nooses" | |
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| Robert Stout | Jul 30 2016, 02:53 AM Post #6 |
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Every currency value depends on faith....Pray..............
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| Jesus can raise the dead, but he can't fix stupid | |
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8:54 PM Jul 10