IMF & la Garde Beacon of Financial Prudence in the World

#1
http://www.nytimes.com/2016/12/19/business/imf-trial-christine-lagarde-france-verdict.html?_r=0

The International Monetary Fund threw its support behind its leader, Christine Lagarde, on Monday despite her conviction in a French court on charges of misusing public funds.
The IMF the International Lender of last resort known for enforcing harsh conditions on States which need rescue and baling out (usually due to profligate spending and poor financial planning) is to leave LaGarde at its Helm....

Is it not decisions like this which led to BREXIT votes and the likes of Donald Trump being elected.

As I understand it all UK taxpayers are on the hook to fund the IMF coffers as and when they need it and we are supposed to retain confidence in these monkeys when they make decisions like this?

Laws are only for the little people then......
 
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#2
Shirley not the same LeGarde, that beacon of financial probity and acumen claiming Britain was doomed by Brexit!
 
#3
Is this the same IMF who had a little frenchy rape guy in charge not so long ago?

I dispare at the level of French bureaucrates if there not rapping, noncing or bunging out back handers, then there shagging someone else's wife.
 
#4


Wetherspoons prints 200,000 Brexit beer mats

To think how high and mighty she was telling how we needed to vote over Brexit. So we have now reached the point where you get better quality journalism on a weatherspoons beer mat than in the mainstream media

Well done Tim Martin.... British Success story and innovation at its best....

LaGarde waste of space and a part of the problem with the modernising world..
 
#5
Several years ago The National Welfare Fund was established in Russia. They are Russian money, not borrowed from IMF of elsewhere. So it is purely Russian business how to use the fund that is approaching to 7% of GDP mark.
Resently IMF delegation visited Russia as its member state.
Russia: Staff Concluding Statement of the 2019 Article IV Mission
The authorities should refrain from quasi-fiscal activities through the National Welfare Fund (NWF) and should continue to invest NWF funds into high-quality foreign assets (even after the liquid part of the fund reaches the 7 percent of GDP threshold), to safeguard resources for future generations and avoid procyclicality.
Thank you very much for such priceless recommendations.
So Russia should not invest in own economy but invest in US and Western ones. And Washington could freeze Russian money at will at any moment.
It looks as they in the IMF are complete idiots that regard all money in the World as their own.
 
#6
Is this the same IMF who had a little frenchy rape guy in charge not so long ago?

I dispare at the level of French bureaucrates if there not rapping, noncing or bunging out back handers, then there shagging someone else's wife.
It’s not that long ago that French public attitude to male politicians ‘shagging someone else’s wife’ or having a little ‘cinq a sept’ tucked away, was more ‘Meh. At least it proves we’ve got proper men in government.’
 
#7
So the verbose verdict is the IMF it's unbelievable

The things, you say
Your purple prose just gives you away
The things, you say
You're unbelievable
 

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