US delay in ratifying reforms ‘threatens stability of IMF’

Ms Lagarde noted that the US is one of the best performing developed economies, and dismissed suggestions that the current US revival was shaky. Jeremy Au Yong The Straits Times Sunday, Apr 06, 2014 WASHINGTON – Ms Christine Lagarde, the managing director of the International Monetary Fund (IMF), had some strong words for the organisation’s most powerful member as the US Congress continues to stall on ratifying reforms to strengthen funding for the IMF. While the need to depend on sources like short-term loans has not halted operations, she said the lack of progress in the United States threatens to affect the stability of the organisation. “I don’t think it is a factor of strength or stability to have your lead member doubting the institution that it has contributed to create. And I don’t think it is a good representation of the world as it is,” she told The Straits Times on Wednesday. It was a point she also made on the same day at a public speech at Johns Hopkins University. “Our mission is to be an agent of stability, an agent of cooperation. And to be an agent of stability and an agent of cooperation, we need to be stable ourselves… To be stable means having solid, sustainable resources.” The reforms, agreed to in 2010, would double the contributions to the IMF’s general fund it receives from its 188 member countries. It would also shift some of the burden of those contributions from developed nations to developing ones and increase the voting power of the latter. Opponents to the reforms say they would weaken US influence in the IMF. Senate Democrats had recently tried to pass those reforms by piggybacking them on to a Bill providing aid to Ukraine. However, they dropped the IMF changes from the Bill last week in the face of stiff Republican opposition. Ms Lagarde said she still hoped the US lawmakers would endorse the reforms eventually. She also noted that the US is one of the best performing developed economies. She dismissed suggestions that the current US revival was shaky. “The revival in the job market is often questioned because the employment numbers are not as positive as the improvement in unemployment rates. But the numbers are there – the creation of value is there, and there is a private sector that has started to invest again. We do not have too much doubt about the recovery in the US,” she said. Ms Lagarde was speaking at a wide-ranging interview ahead of the IMF’s spring meetings next week that will bring together finance ministers and central bank chiefs of the 188 member states in Washington where they are expected to discuss global economic cooperation and integration. She paid tribute to Singapore’s Deputy Prime Minister Tharman Shanmugaratnam who heads the IMF’s International Monetary and Financial Committee that manages monetary and financial policy. “For the last 2 1/2 years, he has been a terrific chairman for the IMFC. He is capable of brokering arrangements, compromises, because he understands people and he can listen to their position without involving a big, huge ego as part of it.” [email protected] This article was published on April 4 in The Straits Times. Get a copy of The Straits Times or go to straitstimes.com for more stories. Source: http://news.asiaone.com/news/world/us-delay-ratifying-reforms-threatens-stability-imf

Continue Reading No Comments

IMF’s Lagarde says US job numbers fall short amid uncertainty

April 06, 2014 Christine Lagarde, Managing Director of the International Monetary Fund (IMF) speaks during a session at the World Economic Forum (WEF) in Davos January 25, 2014.  — Reuters picChristine Lagarde, Managing Director of the International Monetary Fund (IMF) speaks during a session at the World Economic Forum (WEF) in Davos January 25, 2014. — Reuters picNEW YORK, April 6 ― International Monetary Fund Managing Director Christine Lagarde said the number of jobs created in the US is “not at potential,” as regulatory and policy uncertainties deter some companies from hiring. In an interview with Fox News to air tomorrow, Lagarde also urged the European Central Bank to address the euro region’s risk of low inflation and said Ukraine’s government must adopt some of the measures it has pledged to take before receiving IMF money. US payrolls rose 192,000 in March, the Labour Department reported April 3, compared with the median forecast of 200,000 in a Bloomberg survey of 90 economists. The numbers “could be and they should be higher,” Lagarde said in the interview transcript Fox released today. “What is holding us back is probably a degree of uncertainty, a lack of confidence, the fact that a lot of companies are investing into themselves more than actually investing into capacity and in job creation.” The rise of geopolitical tensions including in Ukraine, along with risks of prolonged ultra-low inflation in advanced economies and of volatility in emerging markets, may cloud the world’s economic outlook, Lagarde said earlier this week in a speech in Washington. In the interview on Fox’s “Sunday Morning Futures with Maria Bartiromo,” Lagarde said policy makers have a responsibility to create the conditions to spur investment and boost growth. To get there, she said she wants finance ministers and central bankers from the IMF’s 188 member countries to confront these challenges when they meet in Washington next week. IMF ‘suggestions’ Asked about recent comments by ECB President Mario Draghi retorting the IMF’s advice to the central bank, Lagarde said the fund’s recommendation for more monetary easing, including with the use of unconventional measures, has been consistent for a few months. Draghi earlier this week quipped that the IMF has been “extremely generous in its suggestions” to him on monetary policy, in a way that it isn’t with the US Federal Reserve. Lagarde said she also makes recommendations to the Fed. “We do say what we have to say when we think that it’s appropriate to say it,” she said. “We are not driven by other institutions’ agenda. We had for a long time taken the view that the ECB should be addressing the issue of inflation, targeting within the right range, the right level.” After a preliminary agreement reached last month, the IMF executive board has yet to approve a loan for Ukraine of between US$14 billion (RM45 billion)and US$18 billion (RM59 billion), Lagarde also said. ‘Willing’ coalition “And on the side of the Ukrainian authorities, we need a certain number of actions that have to be taken,” she said. Ukrainians need a “coalition of the willing” to “take their country and their destiny and their economy into their hands and move forward.” Lagarde didn’t elaborate on the specific actions she would like to see. Ukraine is seeking to revive its cash-strapped economy while still under military threat from Russia, whose takeover of the Black Sea Crimean peninsula has reignited Cold War tensions with the US and Europe. Ukraine reached a preliminary bailout agreement with the Washington-based IMF last month for the loan package that could provide as much as US$18 billion in loans over two years. The rescue would unlock additional international financing, bringing the total package to US$27 billion. Moody’s Investors Service, citing the political crisis afflicting Ukraine, cut the country’s credit rating yesterday. Moody’s lowered the rating one level to Caa3, two steps above default, with a negative outlook. ― Bloomberg View – See more at: http://m.themalaymailonline.com/money/article/imfs-lagarde-says-us-job-numbers-fall-short-amid-uncertainty#sthash.Iezft1EZ.dpuf

Continue Reading No Comments

Ben Fulford

Lots of high level threats and murder taking place as cabalists turn on each other

High level cabalists have begun killing and threatening each other in a sign that their unified centralized control grid is falling apart. The recent shooting at Ft. Hood was an attack against George Bush Sr. and other members of the Bush clan, according to Rothschild and Rockefeller family sources. However, it is not clear if the attack was successful because of a total information black-out following the incident. The death of a CIA agent last week is also believed to have been part of an anti-Bush/Nazi campaign now underway. Then last week a photograph of a T-shirt with the number 44 written on it being held in front of President Obama was widely publicized. http://www.nydailynews.com/sports/score-hears-president-new-jersey-article-1.1746800 The number 44 symbolizes death in many Asian languages and the T-shirt incident appears to have been to remind Obama that he needed to stop blocking the new financial system. Also, the murder of former ABN Ambro Bank CEO Jan Peter Shmittmann, his wife and his daughter was part of an ongoing Rothschild plan to eliminate any people who would testify against them, according to CIA sources. The list contains 250 names, including 50 bankers, the sources said. The Rothschilds also believe the Rockefeller family is about to be rounded up and jailed. Russian President Vladimir Putin, for his part, thinks the entire Rothschild family needs to be killed in order to end the ongoing financial crisis. The Slavic nations are particularly bitter about the destruction of Yugoslavia and the theft of its mineral resources, which they blame on the Rothschilds. They see the recent shenanigans in the Ukraine as yet another Rothschild resource theft. The Russians are now occupying Eastern Ukraine and have offered the Western portion to Poland in a sign they are no longer going along with the cabal controlled group of sock puppets known as the United Nations. Since all the major players are now pointing fingers at each other, perhaps this is a good time to review the forensic trail followed by the White Dragon Society agents to try to find out who was behind the plan to “save the environment” by killing 90% of humanity. The first suspect was David Rockefeller because he sat at the top of well-known globalist institutions like the Council on Foreign Relations, the Bilderberg Group and the Trilateral Commission. However, Rockefeller’s people said they were not the problem but rather it was George Bush Sr. and his Nazi faction that were the true bad guys. The Nazis, for their part, said they were allied with the Gnostic Illuminati and said they were opposed to bloodline rule. They believed it was the Rothschild/Saxe Gotha bloodline that was the problem. The Rothschilds then came out and said they were junior sub-contractors and that the real center of the Cabal was the P2 Freemason lodge in Italy. A visit to the P2 lodges in Rome and Milan by this writer revealed that they considered themselves to be the descendants of the Caesars and that they were given a mission by extra-terrestrial beings 26,000 years ago to manage history according to an astrology based script. They said their god was the black sun, an alien being living the gamma rays that can control human minds. Their other name for it was Lucifer. This is probably a myth but, the forensic and historic trail does clearly indicate there has been a 2000 year old plan by the descendants of the Roman Empire to create a single, centralized, fascist world government known as the New World Order. The P2 said there was a faction in their group that was behind the plan to kill 90% of humanity and enslave the rest in order to create thousand year Reich. This group was subsequently purged, which is the real reason why Pope maledict resigned to make way for Pope Francis. Now that their plan is falling apart we are seeing a situation like that at the fall of the Soviet Union when all sorts of long held secrets started coming out. In this case, the P2 are making public details of how they created Christianity and Islam as propaganda tools in their long war against the Jews. The latest revelations about Islam were sent to this writer in a PDF file which we will try to attach to this week’s newsletter. The part about Islam and the Vatican training of Muhammad starts on page 26. More detail on the people who wrote the New Testament was also published here: http://www.rumormillnews.com/cgi-bin/forum.cgi?read=304480 It is probable that they based Jesus on a popular Jewish rebel leader they had executed and renamed Isis as Mary and the Sun god as Jesus. These revelations are coming at a time when many top Western leaders are visiting the new Pope. President Putin of Russia and Obama of the United States of America Corporation were followed last week by Queen Elizabeth. The Queen was 20 minutes late for her meeting with the pope because her talks with the President of Italy ran overtime. It is a good guess they were discussing financial matters but no inside information from this meeting has leaked so far. In the meeting between Elizabeth and the Pope, the Pope gave an orb (symbol of power) of lapis lazuli (symbolic of wealth). The Queen gave the pope beer, eggs and whisky probably in recognition that having sworn an oath of poverty, he would have refused more lavish gifts. Since the P2 are very into Astrology, we must now wait and see if the upcoming blood moon on April 15th will coincide with any big announcements. If not, then pressure on the cabal is going to be increased to an entirely new level with an unprecedented attack on the petro-dollar. Members of the group known as Cobra resistance went to Taiwan recently after visiting a WDS representative in Tokyo. Last week they contacted this writer via skype and showed a video of Taiwanese mass production of free energy devices. They said they were now being manufactured by over 20,000 different groups, more than oil company men in black could deal with. They promised to deliver one to this writer before the end of this month. If it runs my home electrical appliances as promised, then I will take it to all the big Japanese manufacturing firms for mass production. IF this is really true then it would be a total paradigm changer for the world economy and would definitely doom the petrodollar. The Russians and Iranians are also attacking the petro-dollar with an announced plan to start selling their oil using a barter system that will by-pass the dollar. In China as well, the money trail is being investigated very thoroughly and all officials found to have been corrupted by Fed money are being removed. Mohamed was a creation of the vatican

Continue Reading No Comments

CEO Of Liechtenstein Bank Frick Murdered In Broad Daylight

Over the weekend the world was gripped by the drama surrounding the mysterious murder-homicide of the former CEO of Dutch bank ABN Amro and members of his family, and whether there is more foul play than meets the eye. However, that is nothing compared to what just happened in the tiny, and all too quiet Principality of Lichtenstein, where moments ago the CEO of local financial institution Bank Frick & Co. AG, Juergen Frick, was shot dead in the underground garage of the bank located in the city of Balzers. Based on preliminary reports, the murder is the result of a disgruntled fund manager, Juergen Germann, who had previously been embroiled in a “bitter dispute” with the government and the bank. Bloomberg has more:
A 48-year-old man was shot dead in the underground garage of a financial institution in Balzers at 7:30 a.m. local time, the principality’s police said on its website. The suspect, Juergen Hermann, fled the scene in a Smart car with Liechtenstein number plates, according to police. Neither the victim nor the institution were identified in the statement. The deceased was Juergen Frick, CEO of Bank Frick & Co. AG, Switzerland’s Radio 1 said in an e-mailed statement, citing employees of the bank. Calls to Bank Frick were answered by a voice-mail message saying the company is closed because of “a death.” It gave no further details. Hermann is a fund manager who has been embroiled in a dispute with the Liechtenstein government and Bank Frick for many years, Switzerland’s Radio 1 said. The Liechtenstein government and the country’s Financial Market Authority “illegally destroyed my investment company Hermann Finance and its funds, depriving me of my livelihood,” according to a website registered under the name Juergen Hermann of Hermann Finance AG. He has filed lawsuits seeking recovery of 200 million Swiss francs ($225 million) from the government and 33 million francs from Bank Frick, according to the website. The lender “illegally enriched itself,” among other alleged crimes, it said. A representative of Hermann’s lawyer declined to comment when reached by telephone. A call to Hermann Finance’s office was answered by an employee of a law firm who said his company isn’t related to Hermann Finance.
The narrative against the “publicly hostile” alleged shooter has already been flushed out.
Hermann has been “publicly hostile” to the country’s Financial Market Authority and some of its employees, forcing it to take security measures in consultation with the police, FMA spokesman Beat Krieger said in an e-mail today. The escape vehicle was later found in the village of Ruggell, 25 kilometers (16 miles) north of Balzers, police said. “The area is being searched by police with dogs and helicopters,” the 120-member police force said. Zurich police are helping to document the crime scene, spokesman Mario Cortesi said.
Here is the update form the local police station:
On Monday morning, it came in Balzers a homicide, the suspect is currently volatile. Against 07.30 clock in an underground garage of a financial institution is a homicide in which a 48-year-old man was shot occurred. When volatile suspects are Jürgen Hermann from the Moors. He is armed and dangerous, according to police reports, the investigation of the National Police is in full swing. Notes on a possible whereabouts of the suspects are requested immediately to the police landing +423 / 236 71 11. Upon encountering the suspect, it is important to exercise extreme caution.
Below is the profile of the murdered CEO, still on the bank’s website
As CEO Jürgen Frick is closely involved in all business activities of the bank with a special focus lying on client advisory, financing and financial product development. As well he supervises all real estate development projects of the Bank. Jürgen is also Chairman of the Board at Crystal Fund Management AG, a subsidiary of Bank Frick & Co.
As for the bank itself:
Bank Frick is active in modern wealth management and provides a range of advisory services. As well it specializes in fund development and fund administration. Our Bank entertains close ties to an efficient network of fiduciaries, insurers, tax experts, investment funds and law firms around the world. We are completely independent. Our advice and our services cater exclusively to the individual needs and requirements of our clients. Combinvest Establishment serves as holding for all bank shares. Family Frick is the majority stake holder. After a successful career in international banking and fiduciary services, Kuno Frick senior founded in December 1998 Bank Frick & Co. AG. Due to his wide experience and excellent connections, Bank Frick proved an immediate success. Since then, the bank’s assets under management have risen steadily. New business segments are continuously being added to the bank’s service portfolio, while existing ones are constantly being refined. In autumn 2011, Bank Frick’s international presence was significantly enhanced with the opening of Bank Frick UK Branch in Mayfair, London.
Up until now it was mostly banker suicides. With the first open bank CEO murder, one wonders if there will be a change in the pattern.

Continue Reading No Comments

$6 Billion Goes Missing at State Department

The Fiscal Times
April 4, 2014
The State Department has no idea what happened to $6 billion used to pay its contractors. In a special “management alert” made public Thursday, the State Department’s Inspector General Steve Linick warned “significant financial risk and a lack of internal control at the department has led to billions of unaccounted dollars over the last six years. The alert was just the latest example of the federal government’s continued struggle with oversight over its outside contractors. Related: Government Blatantly Wastes $30 Billion This Year The lack of oversight “exposes the department to significant financial risk,” the auditor said. “It creates conditions conducive to fraud, as corrupt individuals may attempt to conceal evidence of illicit behavior by omitting key documents from the contract file. It impairs the ability of the Department to take effective and timely action to protect its interests, and, in tum, those of taxpayers.” In the memo, the IG detailed “repeated examples of poor contract file administration.” For instance, a recent investigation of the closeout process for contracts supporting the mission in Iraq, showed that auditors couldn’t find 33 of the 115 contract files totaling about $2.1 billion. Of the remaining 82 files, auditors said 48 contained insufficient documents required by federal law. In another instance, the Bureau of International Narcotics and Law Enforcement issued a $1 billion contract in Afghanistan that was deemed “incomplete.” Related: Government Wastes More Money Than You Think The auditor recommended that the State Department establish a centralized system to track, maintain and retain contract files. The department responded and said it concurred with the recommendations to address the “vulnerability” in its contracting process. Before Linick took office last fall, the State Department had been without an inspector general position for five years—the longest IG vacancy in the government’s history, as noted in The Washington Post.
– See more at: http://www.thefiscaltimes.com/Articles/2014/04/04/6-Billion-Goes-Missing-State-Department#sthash.OrYp0jxV.dpuf

Continue Reading No Comments