IMF Managing Director Christine Lagarde said today that the global economy is “finally” turning the corner after a deep recession but the recovery remains too weak. Turning the corner isn’t all it’s cracked up to be especially when the corner leads to a cliff.
Miss Lagarde stated that bold actions were needed to generate stronger economic growth. Is it just vain imagination or does this appear eerily similar to the rhetoric spoken by Ben Bernanke and now current Fed Chair, Janet Yellen. We certainly can include President Obama as well.
The realities of economic destruction will surely be overlooked in preference of devising plans to block Russia and its allies in attempt to keep them tied to the Petrodollar.
Banker wars are in full force and the money presses just keep rolling. Want Federal Reserve or IMF money? Just give them the title to your country.
Gold Goliath is not your typical gold dealer.