The economy is failing and everyone knows it, what is going on now is damage control. Recently organizations across the globe including the IMF and Federal Reserve are calling for emergency meetings. The question is why?
Recently the IMF made an announcement calling for urgent action to prevent the world from sliding into a “recession.” However, the truth is that the world is already in a recession and the world is on the brink of the greatest depression ever witnessed.
“THE TENSION BEHIND THE SCENES BETWEEN THE U.S. AND CHINA IS BUILDING AND THIS MAY BE THE REASON FOR THE EMERGENCY MEETING BETWEEN OBAMA AND BIDEN TODAY WITH JANET YELLEN.CONSIDER IF YOU WILL THE OUTCOME OF THE CHINESE GOLD BACKED YUAN WHEN CHINA RELEASES THEIR TRUE GOLD HOARD NUMBERS TO THE WORLD AND ALLOW INDEPENDENT AUDIT.REAL WORLD NUMBERS, OF THOSE IN THE KNOW ESTIMATE BETWEEN 19-29 THOUSAND TONS!STRATEGIC DECEPTION BY THE CHINESE IN STATING VERY LOW NUMBERS OF TONNAGE HAVE ENABLED THEM TO ACQUIRE GOLD AND SILVER AT HISTORICALLY LOW PRICES OVER THE LAST 5 YEARS-THE U.S. HAS NO GOLD RESERVES ANY LONGER TO MATCH THE CHINESE -COUPLED WITH ALL THE APRIL 19 TH EVENTS SOMETHING HAS CHANGED LAST NIGHT IN THE OVERSEAS GOLD AND SILVER MARKETS-COULD WE BE FACED WITH A MASSIVE US DOLLAR DEVALUATION COUPLED WITH ORCHESTRATED TERROR EVENTS IN SPECIFIC WORLD CITIES INCLUDING THE UNITED STATES?I AM GOING LONG TODAY,MEANING BUYING ADDITIONAL PHYSICAL METALS, AND EVEN IF THE PAPER MARKET SHORTS SELL THEIR PAPER GOLD AND SILVER TO SKIM THE LAST PROFITS POSSIBLE ,THERE WILL COME A TIME AFTER SUCH ANNOUNCEMENT WHERE LESS AND LESS PHYSICAL METALS ARE AVAILABLE FOR PURCHASE-WHEN THE AMERICAN PUBLIC FINALLY GETS IT -IT WILL BE TOO LATE-CALL US AT 406-586-4840 AND GET WHAT YOU CAN AFFORD WHILE YOU CAN- STEVE”
Painting a dim picture of the world economy, the International Monetary Fund on Tuesday trimmed its global growth forecast and called for “immediate” action to reduce the increasing risk of recession.
The IMF said it expects the global economy to expand 3.2% this year, up from 3.1% in 2015 but below its 3.4% estimate in January. It anticipates 3.5% growth in 2017, down from its 3.6% projection in January. The IMF, which has pared its forecasts for several straight quarters, made similar cuts to its U.S. forecast, estimating the nation’s economy will grow 2.4% this year and 2.5% in 2017.
The fund largely attributed the weaker outlook to China’s slowdown, the effect of falling oil and other commodity prices on emerging markets, and weak productivity growth and aging labor forces in advanced economies such as the U.S.
Advanced economies are projected to grow about 2% in both 2016 and 2017, down slightly from the fund’s estimate in January.
“Growth has been too slow for too long,” IMF Economic Counsellor Maurice Obstfeld said at a news conference in Washington ahead of this week’s spring meetings of the IMF and World Bank. “Lower growth means less room for error.”
Although the IMF for several years has lamented the sluggish global recovery from the 2008 financial crisis and recession, its tone Tuesday was more dire. Obstfeld said the group’s baseline growth scenario “now looks less likely compared with possible less favorable outcomes.”