Lebanon Crisis: The IMF Knew In 2016 That The Banking System Would Collapse
Published by Philippe Herlin | Oct 14, 2021 | Articles 8740

The Swiss newspaper Le Temps published on October 6 an exclusive piece of information that did not get the coverage it deserved: the International Monetary Fund (IMF) knew as early as 2016 that the Lebanese banking system was going to collapse, but the central bank and its governor, Riad Salamé, had the fourteen pages of the report that anticipated the disaster deleted.

Read this article

The Madness Cannot Last - Sharing Real Facts Within a Surreal Financial System
Published by Egon Von Greyerz | Oct 11, 2021 | Articles 780

Egon von Greyerz and Matthew Piepenburg exchange thoughts on the real vs. surreal financial system. They specifically address the blunt reality of unimaginable debt levels, tanking GDP growth, rising inflation, negative-yielding bonds and declining consumer sentiment against a current environment of engineered market highs, SPAC and crypto mania and the semantic fantasy of policy makers pretending inflation is “transitory” rather than an unspoken and deliberate necessity.

Read this article

The Fed Heckled
Published by Laurent Maurel | Oct 5, 2021 | Articles 5287

After the Kaplan scandal, the Fed is fighting against another case of suspected insider trading this week. This time, the case concerns the trades made by the vice-president of the U.S. central bank, Richard Clarida. Clarida traded millions of dollars out of a bond fund into stock funds one day before Chair Jerome Powell issued a statement flagging possible policy action as the pandemic worsened, his 2020 financial disclosures show.

Read this article