IMF sets another condition for crisis-hit Pakistan to revive loan

Crisis-hit Pakistan has made various economic modifications including hikes in fuel prices, raising taxes, and others demanded by IMF to unlock the loan program.

IMF sets another condition for crisis-hit Pakistan to revive loan

Related:

Pakistan and the International Monetary Fund:

In 2018, Imran Khan became Prime Minister of Pakistan. For this, they arranged friendly loans from Saudi Arabia, United Arab Emirates and China to avoid tough IMF conditions. In 2019, when economic conditions worsened, they went to IMF for the twenty-second time for a loan of US$1 billion. IMF gave loan based on conditions such as hike in energy tariffs, removal of energy subsidy, increase in taxation, privatization of public entities and fiscal policies to the budget.

IMF bailout package — rescue or trap for Pakistan?

“The IMF’s agenda is not to strengthen global economies because if it does that, then the Fund itself will be out of business,” he said.

Evidence Grows that Crypto and Federally-Insured Banks Are a Combustible Mixture

The fallout from the collapse of the crypto exchange FTX and its missing billions of dollars of customer funds has, finally, galvanized some members of Congress to push back against the swarms of crypto lobbyists whose activities are clearly impacting the safety and soundness of U.S. banks.

Evidence Grows that Crypto and Federally-Insured Banks Are a Combustible Mixture

What Is Behind Claim Joe Biden ‘Laundered’ Billions in Ukraine Aid via FTX?

What Is Behind Claim Joe Biden ‘Laundered’ Billions in Ukraine Aid via FTX?

Multiple tweets, posted between November 12-15, 2022, claim that Ukraine sent billions of dollars sourced from foreign aid to FTX, which was then sent back to the Democratic party.

Caught in the tailwinds of the scandal, many onlookers have pointed out the links between FTX and U.S. political parties, particularly the Democrats.

Bankman-Fried’s personal contributions to the Democrats have been public knowledge for some time, and he was the subject of a Politico profile in August 2022 that described him as the “newest megadonor,” but he has also made contributions to Republicans.

He tweeted on November 5, 2022, that he was “a significant donor in both D and R primaries. Supporting constructive candidates across the aisle to prevent pandemics and bring a bipartisan climate to DC. And working with them to support permissionless finance.”

“As part of this, @rsalame7926 [FTX Executive Ryan Salame] and I signed up campaigns to accept crypto; and gave some, including millions to Senate & House Republicans.”

Earlier this year, it was reported by The Intercept that FTX executive Ryan Salame started American Dream Federal Action, his own super PAC focused solely on electing Republicans, into which he invested millions of dollars.

Salame also contributed to the Republican Senate Leadership Fund and Congressional Leadership Fund. These donations were also reported, as per The Intercept article above, prior to the collapse of FTX.

The underlying implication among the claimants—that the Democratic Party was the sole beneficiary of donations stemming from FTX wealth—is provably false.

Related:

FTX’s SBF has made donations to Republican and Democrat parties

First, if there was any money laundering, both Democrats and Republicans were involved. Second, I don’t believe anything that Hal Turner says because he was an FBI Informant,

Since the Fed Announced It Was “Tapering” Last November, It’s Actually Added $332 Billion in Liquidity with New Debt Security Purchases

By Pam Martens and Russ Martens: February 15, 2022 ~

If you’re wondering why inflation is running hotter than it has in 40 years and why St. Louis Fed President James Bullard has broken with protocol and is openly criticizing the Fed on television for falling behind the curve on inflation, here’s a key part of that story.

The Fed’s Federal Open Market Committee (FOMC) made its first announcement that it would begin “tapering” the amount of its purchases of Treasurys and Mortgage-Backed Securities (MBS) on November 3 of last year. On that date, according to the Fed’s own H.4.1 filing, it held $8.063 trillion in debt securities. As of last Wednesday, that figure had risen to $8.395 trillion or an increase (not decrease) of $332 billion in the span of just three months.

Since the Fed Announced It Was “Tapering” Last November, It’s Actually Added $332 Billion in Liquidity with New Debt Security Purchases