Upcoming Events

International | Anti-Capitalism

no events match your query!

New Events

International

no events posted in last week

Blog Feeds

Anti-Empire

Anti-Empire

offsite link What I Learned From Riding With the Boog... Sat Nov 28, 2020 20:30 | Stanton Sharpe

offsite link The Media’s Covid War on the Dakotas Sat Nov 28, 2020 18:40 | Michael Fumento

offsite link Previously Russia’s Biggest Doomsayer,... Sat Nov 28, 2020 06:27 | TASS

offsite link British Government COVID Cult Experts Sp... Fri Nov 27, 2020 21:25 | BBC

offsite link Bolsonaro Says Will Refuse Vaccination A... Fri Nov 27, 2020 20:41 | NDTV

Anti-Empire >>

The Saker
A bird's eye view of the vineyard

offsite link The AngloZionists are trying to provoke a war with Iran Sat Nov 28, 2020 20:36 | The Saker
There is really nothing particularly complicated about what just happened: the AngloZionists have murdered a top Iranian scientist in the hope that this murder will trigger a war.  The Iranians

offsite link NATO ? A Comatose Body Whose ?Mission? Seems To Be Little More Than To Preserve And Expand Itself... Sat Nov 28, 2020 18:16 | amarynth
By Francis Lee for the Saker Blog PART 1. In 1851, France had the misfortune to fall victim to a coup by the nephew of Napoleon Bonaparte, Charles-Louis Napoléon Bonaparte,

offsite link Moveable Feast Cafe 2020/11/28 ? Open Thread Sat Nov 28, 2020 17:00 | Herb Swanson
2020/11/28 17:00:02Welcome to the ‘Moveable Feast Cafe’. The ‘Moveable Feast’ is an open thread where readers can post wide ranging observations, articles, rants, off topic and have animate discussions of

offsite link War Ended, But Armenia Still Suffers Losses. Azerbaijani Troops Enter Largest Armenian Gold Mine Fri Nov 27, 2020 18:30 | amarynth
South Front This week, the Armenian leadership has reached an unprecedented height in its state management achievements. Prime Minsiter Nikol Pashinayan and his government did not stop at the successful

offsite link Meet the new boss! Fri Nov 27, 2020 17:39 | The Saker

The Saker >>

Spirit of Contradiction

offsite link The Party and the Ballot Box Sun Jul 14, 2019 22:24 | Gavin Mendel-Gleason

offsite link On The Decline and Fall of The American Empire and Socialism Sat Jan 26, 2019 01:52 | S. Duncan

offsite link What is Dogmatism and Why Does It Matter? Wed Mar 21, 2018 08:10 | Sylvia Smith

offsite link The Case of Comrade Dallas Mon Mar 19, 2018 19:44 | Sylvia Smith

offsite link Review: Do Religions Evolve? Mon Aug 14, 2017 19:54 | Dara McHugh

Spirit of Contradiction >>

IMF Chief Warns of Financial Disaster Driven by Inequality

category international | anti-capitalism | press release author Friday January 17, 2020 18:03author by Kate Zeller - Jubilee USA Network Report this post to the editors

IMF Head Kristalina Georgieva warns of a return of the Great Depression driven by inequality and financial sector instability in a speech delivered at the Peterson Institute of International Economics.

Washington DC - IMF Head Kristalina Georgieva warns of a return of the Great Depression driven by inequality and financial sector instability in a speech delivered at the Peterson Institute of International Economics. Georgieva highlighted new IMF research that compares the current economy to the "roaring 1920s" economy that culminated in the great market crash of 1929.

"The IMF delivered a stark message about the potential for another massive financial disaster that we last experienced during the Great Depression," noted United Nations finance expert and Jubilee USA Director Eric LeCompte. "With inequality on the rise and concerns of stability in the markets, we need to take this warning seriously."

In addition to financial sector stability and growing inequality, Georgieva shared that we face additional challenges in the current economy.

"Trade problems and climate-driven weather events pose additional risks at this time," said LeCompte. "It's imperative that we ensure the financial sector is free of risky behavior and corruption if we want to protect ourselves from another global financial crisis."

Related Link: http://www.jubileeusa.org
© 2001-2020 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy