Bush-Era Economists Emerge As Front-Runners For Fed Vice Chair Position

It seems President Donald Trump is confused about what “draining the swamp” really means .

ZeroHedge.com
By ZeroHedge.com

After selecting Fed governor Jerome Powell to replace Janet Yellen as Fed Chair when her term expires in February, the Trump White House has now moved on to interviewing a series of candidates for the Vice Chair position.  As the Wall Street Journal notes this morning, two of the more likely candidates for that role are a pair of economists who

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End of the (Petro)Dollar: What the Federal Reserve Doesn’t Want You to Know

“If dollar inflation emerges, China’s Treasury holdings will devalue, but the dollar price of its gold will soar. A large gold reserve is a prudent diversification.  Russia’s motives are geopolitical. Gold is the model 21st century weapon for financial wars.The US controls dollar payments systems and, with help from European allies, can eject adversaries from the international payments system called Swift. “

Shaun Bradley
By Shaun Bradley
Trump US Saudi Arabia

  (ANTIMEDIA) — OPINION -- The United States’ ability to maintain its influence over the rest of the world has been slowly diminishing. Since the petrodollar was established in 1971, U.S. currency has monopolized international trade through oil deals with the Organization of the Petroleum Exporting Countries (OPEC) and continuous military

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Former IMF Director Sentenced To 4.5 Years In Prison For Fraud

The former director of the International Monetary Fund was sentenced Thursday by a Spanish court to four years and six months in prison for misappropriating bank funds.

teleSUR
By teleSUR
Former IMF managing director Rodrigo Rato, center, arrives at the National Court in Madrid, Spain, to answer questions over his stewardship of Spanish bank, Bankia. Former International Monetary Fund chief Rodrigo Rato was detained by police Thursday night April 16, 2015, according to media reports, after tax officials spent hours searching his apartment.

(REPORT) --- Rodrigo Rato was charged for using credit cards for irregular and undeclared expenses. The former director of the International Monetary Fund was sentenced Thursday by a Spanish court to four years and six months in prison for misappropriating bank funds. Rodrigo Rato had been on trial along with 64 other executives and

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IMF Chief Convicted For Corruption, Spared Jail Time

“This should help calm all that they’re-only-in-it-for-themselves, anti-establishment feeling out there,” quipped Globe and Mail senior international correspondent Mark MacKinnon.

Lauren McCauley
By Lauren McCauley
International Monetary Fund chief Christine Lagarde, right, arrives at the special Paris court, France. (AP/Thibault Camus)

Christine Lagarde, head of the International Monetary Fund (IMF), on Monday was found guilty of "negligence" for approving a massive government payout to business tycoon Bernard Tapie during her tenure as French finance minister. "This should help calm all that they're-only-in-it-for-themselves, anti-establishment feeling out there," quipped

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Bolivia Asserts Newfound Economic Independence, Rejects Rothschild Banks

Evo Morales announced that Bolivia will no longer respond to the demands or blackmail of the United States, the World Bank, or the IMF.

Whitney Webb
By Whitney Webb
Bolivian President Evo Morales. Photo: AP Photo/Felipe Dana

The International Monetary Fund (IMF) and US-dominated World Bank have been major players in the global economic landscape ever since their creation in 1944.These international banking organizations, which are privately controlled by the notorious Rothschild banking family, first pressure nations to deregulate their financial sector, allowing

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Economist Jack Rasmus: Eurozone Benefits The Strongest Economies At The Expense Of The Weakest

‘Greece has tied its tail to the eurozone, dominated by Germany, and it can never get out of this situation as long as Germany dominates the institutions, which it does, because the whole arrangement is great for Germany,’ the writer and economist tells MintPress News.

Dr. Michael Nevradakis
By Dr. Michael Nevradakis
Bystanders wait to be handed bags of oranges during a free distribution of fruit and vegetables as a protest by farmers and vendors over proposed pension reforms, in Athens on Wednesday, Jan. 27, 2016. Greece's leftwing government is facing an escalating wave of protests over its proposed pension overhaul that has been demanded by bailout creditors. (AP Photo/Petros Giannakouris)

ATHENS --- This has been another eventful year in Greece. Almost one year after it turned its back on the July 2015 referendum result which rejected further austerity, the Syriza-led government has pushed forward a program of even harsher austerity, spending cuts, and privatizations. Following the British vote to proceed with “Brexit,” or a

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