International Monetary Fund

In Surprising Move China Replaces Finance Minister, Ending Hope For Reform

In a stark and unexpected development, one which could have significant consequences for the future of China's economic reform push, on Monday Beijing unexpectedly removed Lou Jiwei, its highest-profile finance minister in years. His removal raises questions about whether reform-minded officials are being sidelined as Beijing prioritizes short-term growth over major overhauls.

Global Bond Selloff Resumes; Stocks Rise Following Strong Chinese Data

With October, the worst month for stocks since January, now in the history books S&P futures are eager to telegraph that the streak of five consecutive will end, with a modest gain of 0.3% in overnight trading, coupled with mixed global markets as the global bond selloff returned after strong Chinese economic data prompted concerns about rising global inflation.

Venezuela Throws In The Towel On Hyperinflation: Will Print 200x Higher-Denominated Bills

Venezuela’s government, defeated by hyperinflation, has finally thrown in the towel and plans to issue new bills in December with larger denominations—up to 200 times higher than the current biggest bill. The new coins and notes will go up to 20,000 bolivars, compared to the current higest denominated bill, 100 bolivars, worth about 8 cents on the black market.

The Dark Agenda Behind Globalism And Open Borders

The people behind the effort to enforce globalism are tied together by a particular ideology, perhaps even a cult-like religion, in which they envision a world order as described in Plato’s Republic. They believe that they are “chosen” either by fate, destiny or genetics to rule as philosopher kings over the rest of us. They believe that they are the wisest and most capable that humanity has to offer, and that through evolutionary means, they can create chaos and order out of thin air and mold society at will. This mentality is evident in the systems that they build and exploit.

Hyperinflation Looms As 'Black Market' Egyptian Pound Crashes To Record Low

With all eyes on the drop in the British Pound, it is another 'pound' that is utterly collapsing. Despite its official exchange rate is 8.88 per dollar, Egypt’s pound dropped to 16.11 per dollar in the black market, another record that extends declines over the past month to 19% and down over 40% since it devalued in March.