IMF asks for more money to solve the problems with money (and a genuine warning)

Betwrong

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Quote from: Supercrypt on December 17, 2018, 02:50:47 AM

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This is a result of USA not investing into foreign soil as much as they used to, USA banks and investors have so much money that it is sometimes smarter to put that money into other countries to make more money compared to domestic investments, those countries see that money coming in consistently and position themselves accordingly and when the money stops coming they fail to react and get into a trouble which results with more losses for everyone involved. So, world crisis is not something shocking to anyone who checks world finance instead of just look at wall street.

I think it's funny that if the USA is investing in a country, say in Africa or in the Middle East, it is considered by some people as an infringement on the sovereignty with all that it implies: establishing a puppet government, depriving the country of natural resources and blah blah blah. But if the USA is not investing in a less economically developed country it is still somehow a bad thing (and in some cases, from the viewpoint of the same people, which is even more funny imo).

rodalutor

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Quote from: Kakmakr on December 18, 2018, 04:27:45 AM

What lessons will these people learn, if nobody is being held accountable for the last crisis? Some of these corrupt Bankers got huge bonusses, after they "rescued" Roll Eyes

their companies with taxpayers bailouts!

This was the reason why Satoshi created Bitcoin and we should seriously consider if we are still on track to achieve Satoshi's goals. Angry

The next crisis will come in 2019 and it will be worst than the one we had before. Angry

Bankers bonuses are a double edge sword, they are in the best interest of banks and shareholders in one way because they incentivize good and hard work, on the other hand they incentivize corrupt or improper practices to increase profits and gain bonuses. The best mix between the two in ensuring bonuses are payable in the future and are in stocks rather than cash.

Many people are calling a new crisis in 2019 but if it's so obvious then it won't be nearly as bad as 07/08. That came out of nowhere and that's why it was so bad, the worst crashes are always when people are unassuming and think everything is going great.

Kakmakr

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What lessons will these people learn, if nobody is being held accountable for the last crisis? Some of these corrupt Bankers got huge bonusses, after they "rescued" Roll Eyes

their companies with taxpayers bailouts!

This was the reason why Satoshi created Bitcoin and we should seriously consider if we are still on track to achieve Satoshi's goals. Angry

The next crisis will come in 2019 and it will be worst than the one we had before. Angry

bitgolden

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Bail us out before we bail you out doesn't sound like it is a funny or useless comment though? I mean think about it normally you save money aside and hope for two things, either to use it in case of an emergency or use it when you retire. Countries do not retire and they do not have savings account in a bank neither.

Hence they just put some money in IMF and hope that they will never use it but if there is a big emergency like 2008 than they take out some loans from there on good rates that we can never hope to see and thats how IMF stays afloat. So giving them money now to hope that when the storms start you can withdraw money from there actually makes perfect sense.

dothebeats

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To function properly, a monetary organization needs more money so as to ensure that they will deliver what they promise. Seems legit if you'd ask me, and they are proactive on telling people that a financial crisis is looming but still urges countries to print more paper money to support their cause and to help prevent an economic meltdown. An economy is not like a broken house that needs fixing in which you would need to get more money to buy more materials; this is a completely different scenario. Haven't they learned from the past crises that this world has seen? Ohh right, they just want to have that paycheck going, I see.

Supercrypt

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Everyone talks about this impending big economical crisis all around the world but we are forgetting the fact that crisis is happening all around the world as it is, the only difference is it hasn't reached to big countries like UK and USA so forth. If you look at the economies of many third world countries they are already losing a lot of money and they have been doing poorly for the past year.

This is a result of USA not investing into foreign soil as much as they used to, USA banks and investors have so much money that it is sometimes smarter to put that money into other countries to make more money compared to domestic investments, those countries see that money coming in consistently and position themselves accordingly and when the money stops coming they fail to react and get into a trouble which results with more losses for everyone involved. So, world crisis is not something shocking to anyone who checks world finance instead of just look at wall street.

setialovers

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IMF, world bank, central banks just want to print more money and flooding market with more money with the reason to create economic growth. I think its time bomb because inflation will rising and creating a new crisis in near future

tdrinker

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The true test of all of the new capital requirements regulation that was implemented after the 2008 crisis is coming. The question is - is it going to be sufficient? I for one believe that it won't be. From the very beginning of banks being created they've always faced the same issues, fractional lending leads to a shortage in cash and the potential for a bank run. People then get stuck in a trap of run or don't run, if they run and other run, the bank goes bust and they all lose out, if they run and others don't run they get their money (happy days), if they don't run but others don't run then the bank won't have money to give them when they want it.

Fractional lending and quantitative easing have shown themselves time and time again to be fantastic for stimulating an economies growth, but it is always artificial and when we have artificial growth things have a tendency to go pop.

LeGaulois

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They learned nothing from the 2008 crisis and if you think about it we are far to have recovered back to before 2008. Printing money didn't fix anything. Remember back in 2008, all the millions spent to fix the crisis have gone to banks and not citizens. Today who is still paying for the debt, not the banks but the citizens.

Even if generally speaking the worldwide economy is doing better we are still weak, see:
(quote:"And Sir John Vickers, who led the post-crisis financial reform drive for the UK government, has warned that UK banks are still not safe enough, despite the many assurances from the Bank of England that they are adequately capitalised to withstand even a severe new crisis.")

another recession could bring a lot of trouble for a country and more if it's a European. Take a look at Italy

Quote

We should be wary, but not panicking.

LOL afraid of a Bank run?

DooMAD

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Okay, that wasn't the actual headline. But still, I'm pretty sure that's what they're really saying here:

IMF warns storm clouds are gathering for next financial crisis

At first the article sounds pretty reasonable and sensible:

Quote from: https://www.theguardian.com/business/2018/dec/11/imf-financial-crisis-david-lipton

“As we have put it, ‘fix the roof while the sun shines.’ But like many of you, I see storm clouds building, and fear the work on crisis prevention is incomplete.”

But then as the article continues, the true motivation is revealed:

Quote from: https://www.theguardian.com/business/2018/dec/11/imf-financial-crisis-david-lipton

Lipton said the IMF went into the last crash “under-resourced” before it was handed a war chest worth $1tn (£790bn) from governments around the world, while adding that it was important that world leaders had agreed to complete a review of the fund’s financial firepower next year.

“One lesson from that crisis was that the IMF went into it under-resourced; we should try to avoid that next time.”

"Bail us out so we can bail you out"? Is that it? Great plan. I'm sure printing more money out of nowhere and throwing it at the problem is going to solve everything. Roll Eyes

//EDIT: The Independent are now reporting it too.

Topic: IMF asks for more money to solve the problems with money (and a genuine warning) (Read 196 times)