tag:blogger.com,1999:blog-4413935813892441553.post1929190495858837330..comments2024-03-28T22:12:21.695-05:00Comments on real economics: What a charming time for the IMFJonathan Larsonhttp://www.blogger.com/profile/05217670446743983955noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-4413935813892441553.post-32934072173051288932011-05-19T09:05:44.790-05:002011-05-19T09:05:44.790-05:00My comment extends from having read the prior post...My comment extends from having read the prior posting about seeking the truth in 'small factoids' before reading this posting about our world banking handlers flailing around trying to 'solve' insolvent country's finances.<br /><br />If Jonathan had trouble finding the facts behind the 1981-2 recession, I cannot imagine any better luck finding them this time either.<br /><br />Maybe the only factiod is that investment success relies upon fooling people out of their money, and thus they rely on a culture of secrecy, clouding any regulatory transparency, and publicity/public statements rife with mis-direction and mis-information.<br /><br />That is how they can buy low and sell high, and construct pyramid and ponzi schemes where the rules make these illegal.<br /><br />Also the twists of mis-information make it impossible to confront them without sounding like a loony painting a vast conspiracy theory.<br /><br />Then, given their vampire squid quality, they can suck the life out of any investigation whereupon more credible facts might emerge...or at least delay them until we end up discussing them as history instead of current news.<br /><br />Ultimately, investment banksters (and the IMF/World Bank) have become a legalized mafia in how they've made loan sharking a global industry.<br /><br />Due to problems of scale, we are left holding their bag unless we choose at least passive revolt--like moving our 401k and savings, creating alternate banking and income options like a return to bartar, etc.Mikehttps://www.blogger.com/profile/05252804186064393926noreply@blogger.comtag:blogger.com,1999:blog-4413935813892441553.post-58689603277186253652011-05-18T15:39:29.474-05:002011-05-18T15:39:29.474-05:00Glad you have an opinion about this. I've been...Glad you have an opinion about this. I've been reading some other folks who claim Strauss-Kahn had actually begun moving the IMF in a direction his colleagues disagreed with, and that, like Eliot Spitzer, he may have been set up to be discredited so as to allow a worse individual to replace him.<br /><br />This argument is indifferent to his guilt, and focuses on how this will impact the direct the IMF takes. The German candidate to replace Strauss-Kahn is supposedly much worse.<br /><br />???Mark Gislesonhttps://www.blogger.com/profile/05264508885194574116noreply@blogger.com