Economy enters dangerous new phase says IMF

[white_wolf]

I just found this story and I thought I'd share it with you, maybe one day they'll finally admit it was their system that caused this. http://www.bbc.co.uk/news/business-14984087

The IMF says the prognosis for economies in the developed world is "weak and bumpy expansion".

It predicts their GDP will expand "at an anaemic pace of 1.5% in 2011".

The IMF believes global growth will shrink to 4% in 2012, from 5% last year, on factors such as "major financial turbulence in the eurozone".

[leftstreet]

1. The economy's been 'dangerous' for the global working class for eons

Capitalism sucks

[DJ13]

2. Werent they involved in pushing austerity onto EU countries like Greece & Italy?

I think they need a mirror.

[patrice]

3. Like they aren't the ones running this shell game for Wall Street. "Where's the pea?

Who's got the pea?" . . . when their ain't no pea and never was, because a pea represents real value and this bullshit is nothing but electronically encoded and shuffled 0s and 1s.

[Selatius]

4. All I got to say is if your country gets pushed into getting IMF help, you're screwn.

Because they typically condition their help on you privatizing your own infrastructure in the name of making your country more friendly to foreign investors, but that's just a nice way of saying let foreign corporations come into your country, fire off the workforce down to a skeleton staff to squeeze out profits, begin selling off state enterprises for more profits, and then remove the profits from the economy by sending it to Wall Street to be holed up in the crooked banks there, the same banks who typically bribe politicians into accepting IMF help in the first place.

It's econicide, murdering entire economies for gain.

[no_hypocrisy]

5. More debt than capital in too many countries.

And nothing in place to stop the bleeding.