IMF lacks The Resources To Tackle The Crisis
In the News (from BBC News): “The IMF says it will take decisive action to tackle the eurozone debt crisis and support the global economy.
“However, the communique, issued during a meeting between G20 finance ministers, the IMF and the World Bank, did not give specifics on whether extra funds would be available to the global fund.
“’Advanced economies will ensure that banks have strong capital positions and access to adequate funding,’ said the communique.”
My Comment: If financiers and economists understood that nature prepared the only option—the economy of reasonable consumption, they would only have to bring their economic and financial systems in compliance with this requirement of our evolution. However, since they do not know and do not wish to know that yet, their attempts to act using old methods will cost us a lot of unnecessary suffering.
[58677]
Related Material:
IMF: Global Economy Needs Collective Action Now
Christine Lagarde: We Need Leadership, Not Brinksmanship
The Opinions Of Scientists
Discussion | Share Feedback | Ask a question