IMF Lagarde: Trump Policies a Boon for U.S., Possible Burden Internationally

[SAT]

Christine Lagarde, who has served at the helm of the District of Columbia-based IMF since 2011, spoke Sunday at the World Government Summit in Dubai. She touched on an array of topics – at one point expressing concern over upcoming European elections given the globe's recent populist shift.
But her comments on Trump seemed to suggest economic improvement is likely in the U.S.

She said Trump's policies, which are likely to increase the value of the dollar further while possibly leading to an inflation pickup that would force the Federal Reserve to raise interest rates faster, would be "difficult on the global economy," especially for developing economies that hold debt in U.S. dollars. As the dollar's strength rises, it becomes more difficult for countries that don't use the U.S. dollar to repay what they owe.

http://www.usnews.com/news/articles/...nternationally

This is also a part of globalisation. What a big player does can push down and hurt smaller players !


'Get real' about workers' anxiety, Trudeau tells business elite

Prime Minister Justin Trudeau used one of Germany’s most prestigious black-tie galas to tell business leaders to “get real” about addressing the anxieties of their workers in an uncertain world.
Trudeau delivered the no-holds-barred message to an audience of 400 politicians, business leaders and other notables at the annual St. Matthew’s Banquet in the opulent Hamburg city hall

http://www.citynews.ca/2017/02/18/ge...usiness-elite/


Side note from the first article

However, she also said at least some of the job losses commonly attributed to globalization were the result of increased automation and that "facts, figures" and "actual assessment of the reality matter," even though such analyses may not be "fashionable at the moment."

[SAT]

Re: IMF Lagarde: Trump Policies a Boon for U.S., Possible Burden Internationally

However, she also said at least some of the job losses commonly attributed to globalization were the result of increased automation and that "facts, figures" and "actual assessment of the reality matter," even though such analyses may not be "fashionable at the moment."

Which is another reason they are trying things like....

Universal basic income is becoming an urgent necessity

The 20th century income distribution system has broken down irretrievably. Globalisation, technological change and the move to flexible labour markets has channelled more and more income to rentiers – those owning financial, physical or so-called intellectual property – while real wages stagnate. The income of the precariat is falling and becoming more volatile. And chronic insecurity will not be overcome by minimum wage laws, tax credits, means-tested benefits or workfare. In short, a basic income is becoming a political imperative.

https://www.theguardian.com/commenti...ome-finland-uk

http://wedg.millenniumweekend.org/fo...t=basic+income

It isn't only because of cashless

In fact it is actually the other way around. Cashless will be necessary when reality set in.....

However, she also said at least some of the job losses commonly attributed to globalization were the result of increased automation and that "facts, figures" and "actual assessment of the reality matter," even though such analyses may not be "fashionable at the moment."

Manufacturing based economy?????

[Issachar]

Re: IMF Lagarde: Trump Policies a Boon for U.S., Possible Burden Internationally

This is also a part of globalisation. What a big player does can push down and hurt smaller players !

This is what will always happen in a fiat system. That is why fiat systems exist. It is wealth confiscation. I am not at all surprised that Lagarde said this:

She said Trump's policies, which are likely to increase the value of the dollar further while possibly leading to an inflation pickup that would force the Federal Reserve to raise interest rates faster, would be "difficult on the global economy," especially for developing economies that hold debt in U.S. dollars. As the dollar's strength rises, it becomes more difficult for countries that don't use the U.S. dollar to repay what they owe.

Seriously Christine? ".. while possibly leading to an inflation pickup .." ?? You are obviously intending your thought for an audience of non-economists??

You, central banks and governments are solely responsible for inflation. Not Trump. Not "a strong dollar" .. only people that create "money" out of thin air; not backed by an increase in GDP. I'm quite certain ma'am, that you know this.

Those "developing countries that hold debt in U.S. dollars"? Not an issue except due to the manipulative actions of you, your predecessors and all else involved in creating fiat "money." That is how you fund your one world order construct. Don't worry; you'll still get there no matter what a non-globalist in the presidency does. It just makes it a tad more difficult for you, but you'll get there .. God, through the prophets, says so. The "world" will not be going back to a sound economy. It's long ago passed the point of no return.

Note 1:10 to 1:20, for example:



Issachar