Dark Clouds Gather On Horizon For Financial System, Warns International Monetary Fund

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Above Photo: BrENDURO/Flickr

Bali, Indonesia –The International Monetary Fund releases its “Global Financial Stability Report” ahead of its Annual Meetings held this year in Southeast Asia. The report finds that short-term risks to financial stability rose in the last 6 months. 

“The IMF is saying our economy is stable now, but there are some serious risks to stability on the horizon,” noted Eric LeCompte who tracks IMF reports as the Executive Director of the religious development coalition Jubilee USA. “The IMF is also saying that inequality is on the rise and the global economic recovery is still not shared by everyone.”

This is the second major IMF report this week which raises concerns of pending financial crisis. On Tuesday, the IMF released its World Economic Outlook report.

LeCompte’s organization, Jubilee USA, organized a high-level event for October 12th during the Annual Meetings which focuses on financial crisis prevention and economic aid when countries experience economic shocks or natural disasters. Speakers include Finance Ministers and senior staff from the IMF, G-24 and the Vatican.

Read the 2018 IMF Global Financial Stability Report

Read the 2018 IMF World Economic Outlook Report

Read about Jubilee USA’s high-level event, Withstanding the Next Storm: Resilient Economies Require Resilient Tools to Weather Financial Crisis and Natural Disaster

  • tibetan cowboy

    The Senate Banking Committee, operated 100% by the banks who’ve paid the right committee members, recently passed a draconian new set of laws. Hidden within that legislation is the newly passed “Bail In” laws allowing the banks to confiscate all depositers’ funds upon the next crash. This is opposed to the Obama “Bailout” because the banks think they’d be too much resistance to that again. This newly passed law will never be publicized by the MSM. If I can find the link again, I’ll post it that describes the new plan to save the banks and bankrupt the entire civilian population in a heartbeat.

  • tibetan cowboy

    The Senate Banking Committee just passed new laws allowing the banks to confiscate all depositors’ funds upon the next crash. The banks are planning now for this incoming Great Depression II. This is being called a “Bail In” instead of “Bailout” which is what Obama did. I’ve discussed these new laws with my local bank. The banks will do this because they fear too much backlash if they get bailed out again. They had not yet seen these new regulations. Here they are. Prepare thyself to be bankrupted by your bank:

  • I’ve been awake of this since Obama sold us out but I can’t find out if credit unions will do that too. Does anyone know?

    Why does it feel like we’re being setup for the crash? Everyone is warning that it’s coming, but no one is talking about how to stop it. The banks shouldn’t just be allowed to do it.

  • mwildfire

    The IMF is reporting that inequality is growing…really? Who would have guessed? I’m glad they have experts with advanced degrees, capable of discovering such a surprising fact!