Why does it take the IMF so long to slam the USA about
its spending spree? I think it is too late to stop the cancer. With
US$95 billions to be given to Ukraine, Israel and Taiwan, the spending
is getting even more ridiculous instead of under control.
Is it
because the USA is now openly in deep, deep trouble with its economy,
that the IMF is now raising its voice in order take credit for its
belated warning to the USA? Inflation is creeping up and banks are
tottering. Republic First Bancorp just gone bust and many others are in
equally dire straits.
The IMF probably just emerged from under a
rock to show its awareness, and trying to tell the world that it now
sees the problem. What an amazing discovery! Isn't it a little late, as
most people already saw the writing on the wall long before it did.
Everything
was just recently reported to be so rosy in the USA with job creation
hitting the roof, resulting in a tight labour market for companies. The
Fed was earlier reported to be ready to cut rates in the first quarter
of 2024, then pushed back to June or July, now postponed to September I
believe. All those loose talk of cutting rates back and forth are
realistically a tactic to keep the economy on ICU, in order to give
Biden a better chance in November. A collapse economy will kill Biden's
chances, which is already rather slim.
Ukraine and the EU are
nervous about a Trump victory and their lifeline is at stake. So does
Israel. China has lately been accused by some USA quarters of
interfering in the November election and the narratives are surfacing.
China is basically not interested in whoever wins in November, knowing
that both Presidential candidates are anti-China to the core. Therefore,
why should China interfere in the coming November election? It does not
make sense.
Anonymous
Good morning All
ReplyDeleteWhy their Gooddamn Sucks oops Goldman Sachs and their also Moody still moody wake up the wrong sides of the beds and also Standard, oops what's Standard and Poor, sure Poor lah as no Standard never reports and downgraded the Damn Bidamn's State of Papuer Economy?
Wow cover up ah?
Just to instil the Wrong Confidence to con the World.