Friday, June 17, 2011

Why should we start trusting the IMF NOW?

(Reuters) - The International Monetary Fund cut its forecast for U.S. economic growth on Friday and warned Washington and debt-ridden European countries that they are "playing with fire" unless they take immediate steps to reduce their budget deficits.

In case the IMF hasn't noticed, we've BEEN slashing our budgets, and things are only getting worse. They're just another tool of Mammon and his British financial oligarchy, which largely controls "our" governments, and their history is one of ineffective spending, foisting the resulting nonproductive debt on its intended victims, and demanding that they destroy the remainder of their economy to pay those debts.

This is precisely what Wall Street is doing with derivatives, although their "investments" have no pretense of being tied to the physical economy, except when they collapse and it's time for the suck, uh, "investors," to pay up. LaRouche PAC caught a few of these bubble-blowing creatures out on the street on a cigarette break.