Once again the US Federal Reserve is in a quandary. Does it cut its policy interest rate soon in order to relieve pressure on debt servicing costs for consumers and businesses and perhaps avoid a stagflationary economy (ie low or no growth alongside higher inflation); or does it hold its current interest rate for borrowing in order to make sure inflation falls towards its target of 2% a year?
Inflation and interest rates: the US experience
Tag: monetary policy
Sri Lanka’s debt trap and the vultures
Last week a US district court granted Sri Lanka’s request for a six-month pause on a creditor lawsuit against the country. Hamilton Reserve Bank holds a big chunk of one of Sri Lanka’s now-defaulted bonds and had been suing it for immediate repayment.
Sri Lanka’s debt trap and the vultures
[2014] 14 African Countries Forced By France To Pay Colonial Tax For The Benefits Of Slavery And Colonization
Did you know many African countries continue to pay colonial tax to France since their independence till today!
14 African Countries Forced By France To Pay Colonial Tax For The Benefits Of Slavery And Colonization
Why might Africa want France gone? + ECOWAS Activates Standby Force for Potential Niger Intervention
Let’s continue to follow the post-coup situation in Niger. We had Victoria Nuland travel to Niger, presumably to help organize the overthrow of the government since 1- that’s usually what a visit from Nuland portends and 2 – a “rebel movement” called the Council of Resistance for the Republic under the leadership of someone named Rhissa Ag Boula started just after her visit. If there is going to be a Western war over this coup, it is likely that Nigeria – the giant country in West Africa with 224M people, much bigger than all other countries in the region combined – will be a part of the intervention, as would France and presumably the US. Other countries of the region are lining up on one or the other side, with Burkina Faso, Mali, and Algeria all lining up with the post-coup Niger government, so we are in a scary situation.
Why might Africa want France gone?
Related:
ECOWAS Activates Standby Force for Potential Niger Intervention
NY Times Blames SOCIAL SPENDING for Debt Crisis—Ignores Endless War
This is a clip from our show SYSTEM UPDATE, now airing every weeknight at 7pm ET on Rumble. You can watch the full episode for FREE here: How Endless War Bankrupted the US While Inflicting Mass Suffering at Home. Plus: Macron Threatens Internet Shutdown & Update on US Govt’s Private Data Purchases | SYSTEM UPDATE #111
NY Times Blames SOCIAL SPENDING for Debt Crisis—Ignores Endless War via Glenn Greenwald
Related:
America Is Living on Borrowed Money
America’s Wars and the US Debt Crisis
Jeffrey Sachs: Bipartisan Support of War, from Iraq to Ukraine, Is Helping Fuel U.S. Debt Crisis
Turkey elections: Why the West got it so wrong
Western liberal thinkers have failed to recognise the strength of Turkish democracy, because it does not deliver their desired results
Turkey elections: Why the West got it so wrong
Robert F. Kennedy Jr: What We’re Being Told About The Ukraine War Is Not True
Democratic presidential candidate Robert F. Kennedy Jr. spoke to FNC’s Tucker Carlson this week about the war in Ukraine and the misplaced priorities of the U.S. government.
Robert F. Kennedy Jr: What We’re Being Told About The Ukraine War Is Not True
Related:
Austerity, War & Dictatorship…the Charade of Western Democracy is Over. Can We Lose Those Chains?
Is the cure for inflation worse than the disease?
The last year of inflation has disproportionately hurt low-income and nonwhite families — those with the least flexibility in their monthly budgets to absorb higher prices.
Is the cure for inflation worse than the disease?
IMF announces preliminary bailout loan agreement with Sri Lanka
International Monetary Fund (IMF) last Thursday announced that a preliminary staff-level agreement with the Sri Lankan government had been reached for a four-year arrangement to provide a $US2.9 billion loan facility, subject to the approval of the IMF the executive board.
IMF announces preliminary bailout loan agreement with Sri Lanka
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