by Mish Shedlock, The Street:
The IMF has a new goal: a ‘Sisterhood and Brotherhood of Humanity’ to save the world.
At the conclusion of the conference John Maynard Keynes captured the significance of international cooperation as hope for the world. “If we can continue…The brotherhood of man will have become more than a phrase”, he said.
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The work of the IMF is testament to the values of cooperation and solidarity on which a sisterhood and brotherhood of humanity is built.
Key Ideas of IMF Managing Director
Alternate Idea
The current strategies have done nothing but promote wage and income inequality.
The middle class is shrinking and housing is less and less affordable despited interest rates manipulated lower.
These trends accelerated with Nixon ended convertibility of the dollar.
We do not need another “Bretton Woods”. Nor do we need a useless “I favor mom, apple pie, global peace, and sisterhood equality” speech.
We need sound monetary ideas, free trade, the end of fiat currencies, and an end fraudulent fractional reserve lending.