Upcoming Events

International | Anti-Capitalism

no events match your query!

New Events

International

no events posted in last week

Blog Feeds

Anti-Empire

Anti-Empire

offsite link Kick Them When They’re Down: China Dee... Mon Oct 19, 2020 18:35 | Finance Twitter

offsite link Joe Biden, 1993: “Serbs Are Illiterate... Mon Oct 19, 2020 15:34 | James George Jatras

offsite link Peru Has the Toughest Lockdown in the Wo... Mon Oct 19, 2020 14:17 | Daniel Hannan

offsite link Mark Zuckerberg Pops Out of Man’s Show... Mon Oct 19, 2020 09:30 | The Babylon Bee

offsite link Russia Puts Belarus Color Revolution Lea... Mon Oct 19, 2020 08:30 | Radio Free Europe

Anti-Empire >>

The Saker
A bird's eye view of the vineyard

offsite link ?My name is Nancy Pelosi, and I?m currently holding on? Mon Oct 19, 2020 20:56 | The Saker
by Ramin Mazaheri for the Saker Blog Note: This internal Democratic Party letter was leaked to me, Ramin Mazaheri. I initially planned to not publish it, and for the very

offsite link Why the FBI and CIA Are the Real Threats to ?National Security? Mon Oct 19, 2020 20:20 | amarynth
By Cynthia Chung for the Saker Blog Today we see the continuation of the over seven decade?s long ruse, the targeting of individuals as Russian agents without any basis, in

offsite link The Great Reset. Our way. Mon Oct 19, 2020 14:29 | amarynth
By Katerina for the Saker Blog In this one, which I promise to be the very LAST of my essays, I would like, first of all, to do a short

offsite link Bolivia ? The people won, against all the odds, the people still won Mon Oct 19, 2020 09:00 | amarynth
By Chris Faure for the Saker Blog Bolivia went to the polls yesterday for the first election since the coup d’état in November 2019, that removed Evo Morales from the

offsite link Tiktok ? How Trump Failed America Sun Oct 18, 2020 23:03 | amarynth
By Allen Yu for the Saker Blog Donald Trump was elected with a mandate to make deals and ?drain the swamp.? I had my doubts he could make a difference

The Saker >>

Spirit of Contradiction

offsite link The Party and the Ballot Box Sun Jul 14, 2019 22:24 | Gavin Mendel-Gleason

offsite link On The Decline and Fall of The American Empire and Socialism Sat Jan 26, 2019 01:52 | S. Duncan

offsite link What is Dogmatism and Why Does It Matter? Wed Mar 21, 2018 08:10 | Sylvia Smith

offsite link The Case of Comrade Dallas Mon Mar 19, 2018 19:44 | Sylvia Smith

offsite link Review: Do Religions Evolve? Mon Aug 14, 2017 19:54 | Dara McHugh

Spirit of Contradiction >>

IMF Chief Warns of Financial Disaster Driven by Inequality

category international | anti-capitalism | press release author Friday January 17, 2020 18:03author by Kate Zeller - Jubilee USA Network Report this post to the editors

IMF Head Kristalina Georgieva warns of a return of the Great Depression driven by inequality and financial sector instability in a speech delivered at the Peterson Institute of International Economics.

Washington DC - IMF Head Kristalina Georgieva warns of a return of the Great Depression driven by inequality and financial sector instability in a speech delivered at the Peterson Institute of International Economics. Georgieva highlighted new IMF research that compares the current economy to the "roaring 1920s" economy that culminated in the great market crash of 1929.

"The IMF delivered a stark message about the potential for another massive financial disaster that we last experienced during the Great Depression," noted United Nations finance expert and Jubilee USA Director Eric LeCompte. "With inequality on the rise and concerns of stability in the markets, we need to take this warning seriously."

In addition to financial sector stability and growing inequality, Georgieva shared that we face additional challenges in the current economy.

"Trade problems and climate-driven weather events pose additional risks at this time," said LeCompte. "It's imperative that we ensure the financial sector is free of risky behavior and corruption if we want to protect ourselves from another global financial crisis."

Related Link: http://www.jubileeusa.org
© 2001-2020 Independent Media Centre Ireland. Unless otherwise stated by the author, all content is free for non-commercial reuse, reprint, and rebroadcast, on the net and elsewhere. Opinions are those of the contributors and are not necessarily endorsed by Independent Media Centre Ireland. Disclaimer | Privacy