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Sam Vaknin's Articles in Credit Show All|Display Category|Title|Newest|Oldest Central Banks and the Credit Crunch of 2007 On December 12, 2007, America's Federal Reserve, the Bank of England, the European Central Bank (ECB), the Bank of Canada and the Swiss National Bank, as well as Japan's and Sweden's central banks joined forces in a plan to ease the worldwide liquidity squeeze. The European Bank for the Retardation of Development Where the IMF sometimes indulges in oblique malice and corrupt opaqueness, the EBRD wallows merely in avuncular inefficacy. Both are havens of insouciant third rate economists and bankers beyond rating. Danger - Banks Ahead! Banks are the most unsafe institutions in the world. Worldwide, hundreds of them crash every few years. Two decades ago, the US Government was forced to invest hundreds of billions of Dollars in the Savings and Loans industry. The Demonetization of the East In December 2002, Poland decided to purchase 48 F-16 Falcons from Lockheed Martin Corporation - an American defense contractor. Pegged at $3.5 billion, this is the biggest defense order ever issued by an east or central European country. The IMF Deconstructed The following is a standard IMF document, taken from its own website. Underlined phrases are related to categories A and / or B (see below). The phrases here are general examples as part of general criticism of the ideological tone and "aesthetic" of the IMF. IMF - Kill or Cure This was the title of the cover page of the prestigious magazine, "The Economist" in its issue of 10/1/98. The more involved the IMF gets in the world economy - the more controversy surrounds it. Economies in transition, emerging economies, developing countries and, lately, even Asian Tigers all feel the brunt of the IMF recipes. All are not too happy with it, all are loudly complaining. Some economists regard this as a sign of the proper functioning of the International Monetary Fund (IMF) - others spot some justice in some of the complaints.	Publish for Free Sign Up For Free Learn More Your Ad Here Authors and Writers Submit Articles Submission Guidelines Link to Us Member Login U Publish Store Publishers Article RSS Feeds Link to Us Contact Us More Link to Us Privacy Policy Terms of Service Submission Guidelines Popular Articles Article Aids We Recommend SubmitYourArticle iSnare Article Marketer Published.com Article Directories Word Count Utility Search U Publish by: Title Author Keyword

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