Their GDP dropped by 24 percent in the Great Recession, and they are happily on their way back, thanks to doing the right thing.
It’s a game, a charade. Even if the central bank’s president lies through his teeth, his audience believes him anyway. Is there no one there to exclaim: “The emperor is naked!”?
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This fellow reminds me of Jesus’ characterization of the Pharisees as “whited sepulchers” – clean on the outside but corrupt on the inside. We’ll see just how he fits in with the corrupt culture at the World Bank.
I put the New York Times and Bill O’Reilly into the same camp: deflectors, distractors and benders of the conversation away from the really important issues. Here the issue isn’t even an issue: the European Central Bank is going to do whatever it takes to build the case for more regional, extra-legal government controls, usurping more sovereignty from Eurozone members until the mission is accomplished: a dictatorship of Europe.
I thought Brazil was a backwards, poor country run by a left-wing dictator. Yes it’s run by a dictator but surprisingly the economy is very strong, and about to get much stronger with the discovery and recovery of their vast oil resources offshore. That is, if the dictator doesn’t mess things up.
The food crisis is just one more example of the insiders’ attempt to establish a world government, using the crisis as a pretext. I think it will fail. I also think they will continue their efforts.
The IMF is not our friend. Suggestions like these always point in just one direction: more government.
Repealing government intrusions is a long and arduous task. It’s easier, it seems, to expand government than it is to roll it back.
Hysterics and Manipulation When the UN’s Food and Agriculture Organization (FAO) announced its latest round of increases in the cost of food, analysts were nearly breathless in their recommendations for solutions that involved—what else?—more international “cooperation,” under the tender ministrations and control of the UN.
For a while there it looked like efforts to keep this meeting quiet were succeeding. And then Media Research picked it up, and any “cover” was blown. How important the meeting will be remains to be seen. What is comforting is the power of the internet to expose backroom machinations like this one in advance.