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IMF Warns of Unstable Financial System

The International Monetary Fund warns of growing financial instability as a result of high debts and risky investing in the release of the IMF 2019 Global Financial Stability Report. The report raised fears that developing countries are borrowing too much.
Washington DC - The International Monetary Fund warns of growing financial instability as a result of high debts and risky investing in the release of the IMF 2019 Global Financial Stability Report. The report raised fears that developing countries are borrowing too much.

"The Fund is recommending more transparency and greater surveillance of corporate and country debt," shared United Nations debt expert and Jubilee USA Director, Eric LeCompte. "While these recommendations are good, they fall short of the policies we need to prevent the next financial crisis. We need a global bankruptcy process. We need global laws on responsible lending and borrowing."

Yesterday, the IMF downgraded global economic forecasts, calling the future of the economy, "precarious" and "uncertain," with the release of the 2019 World Economic Outlook Report.

"We all wish the latest reports from the IMF were about sunshine and rainbows. Unfortunately, this is the most bleak economic outlook report that I've seen from the Fund," noted LeCompte who monitored IMF reports since 2010.

homepage: homepage: http://www.jubileeusa.org


See also : The Disaster Of Negative Interest Rates 17.Oct.2019 02:50

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 http://portland.indymedia.org/en/2019/10/437810.shtml

President Trump wants negative interest rates, but they would be disastrous for the U.S. economy, and his objectives can be better achieved by other means.


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 http://portland.indymedia.org/en/2019/10/437810.shtml

Today History Was Made.. Did You Miss It? | Negative Interest Rates United States Policy

Trump 1st U.S. president to advocate negative interest rates

 http://www.youtube.com/watch?v=LZyzLNKcdUw