portland independent media center  
images audio video
newswire article reporting global

economic justice

IMF and Word Bank Heads Debate Growing Debt Problems

The leaders of the World Bank and IMF discussed concerns of global debt levels at an event held today at the World Bank Preston Auditorium.
Washington, DC - The leaders of the World Bank and IMF discussed concerns of global debt levels at an event held today at the World Bank Preston Auditorium.

"World Bank and IMF data asserts debt levels and vulnerabilities are at worrying levels," noted Eric LeCompte who leads the religious development coalition, Jubilee USA Network. "It seems impossible for developing countries to raise money for development and simultaneously wrestle with unsustainable debt levels."

The event, "Development and Debt in Lower-income Economies," featured IMF head Kristalina Georgieva and World Bank head David Malpass discussing the challenges with lowering debt loads while attempting to raise money to meet development needs. Recent reports from the World Bank and IMF highlight African countries that benefited from debt relief processes in the past that again face debt crises and high debt levels.

"We urgently need to implement solutions that can get us to sustainable debt levels and prevent the next financial crisis," said LeCompte who serves on United Nation finance expert groups. "We need to muster the political will to implement the international policies that we already rely on for creating stability in our domestic economies. We really need comprehensive debt restructuring and better responsible lending and borrowing policies in the international financial system."

Debt-based fiat currency economic model = Unsustainable. 11.Feb.2020 04:40

>

Debt-based economic model: Can the US dominate the global financial system forever?
 http://portland.indymedia.org/en/2019/12/438077.shtml

Repo Madness Clown Show: Fed Discusses Loaning Directly to Hedge Funds For Bailouts
 http://portland.indymedia.org/en/2020/01/438151.shtml

TRUMP [to Federal Reserve]: More Easy Money Please... IN YOUR FACE.
 http://portland.indymedia.org/en/2019/12/438041.shtml

Federal Reserve Cuts Interest Rates For Third Time In 2019
 http://portland.indymedia.org/en/2019/10/437872.shtml

US Federal Reserve Starts "Quantitative Easing Forever"
 http://portland.indymedia.org/en/2019/10/437855.shtml

The Federal Reserve Has A Repo Problem. What's That?
 http://portland.indymedia.org/en/2019/10/437842.shtml

Sen. Warren Grills Treasury Secretary Mnuchin On Federal Reserve Repo / Overnight Lending
 http://portland.indymedia.org/en/2019/10/437851.shtml

Trump, while simultaneously calling for devaluation of the/a weaker U.S. dollar, is outspending Obama by enormous magnitude :
Late 2019 Economics: We've never seen anything like this. Not even under Obama
 http://portland.indymedia.org/en/2019/10/437849.shtml

The Fed Protects Gamblers at the Expense of the Economy
 http://portland.indymedia.org/en/2020/01/438141.shtml

The Disaster Of Negative Interest Rates
 http://portland.indymedia.org/en/2019/10/437810.shtml

The Silence On Wall Street's Dark Pools Is Deafening
 http://portland.indymedia.org/en/2019/12/438027.shtml

Financial N-Option Will Settle Trump's Oil War
 http://portland.indymedia.org/en/2020/01/438125.shtml

IMF: Global economy, financial system on brink of disaster
 http://portland.indymedia.org/en/2019/10/437837.shtml
 http://portland.indymedia.org/en/2019/10/437838.shtml


The way out for a world economy hooked on debt? More debt
 http://portland.indymedia.org/en/2019/12/438001.shtml


Paul Volcker's Long Shadow
 http://portland.indymedia.org/en/2019/12/438039.shtml

post-1980s-Reagan-Thatcher Financialization has replaced 'capitalism'
 http://portland.indymedia.org/en/2019/12/437997.shtml#465064
total debt levels and deficit spending of the past 30 years has eclipsed that of the past few centuries of Western civilization; while central banks, led by the U.S. dollar-based Federal Reserve continue to issue debt note fiat currency which perpetuates an utterly 100% fake global 'economy'.


 http://en.wikipedia.org/wiki/Financialization
N.B. the ^ sections on *Financial turnover compared to gross domestic product (GDP), and *Futures markets

 http://en.wikipedia.org/wiki/Derivative_(finance)


(Financialization documentary) The Money Deluge
 http://portland.indymedia.org/en/2019/12/438042.shtml

(42:24)  http://www.youtube.com/watch?v=t6m49vNjEGs