IMF Poses as “Regulator”, Warns World “Dangerously Unprepared” For Upcoming Global Recession

Of course they have to “warn” us about the catastrophe they’re helping to bring about, both to maintain their marketability as authorities and to duck the finger pointing of people seeking someone to blame.

In the starkest warning yet about the upcoming global recession, which some believe will hit in late 2019 or 2020 at the latest, the IMF warned that the leaders of the world’s largest countries are “dangerously unprepared” for the consequences of a serious global slowdown. The IMF’s chief concern: much of the ammunition to fight a slowdown has been exhausted and governments will find it hard to use fiscal or monetary measures to offset the next recession, while the system of cross-border support mechanisms — such as central bank swap lines — has been undermined, warned David Lipton, first deputy managing director of the IMF….

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