DID YOU KNOW ABOUT:
Money-masters’ meetings later this week of the International Monetary Fund and between Group of 20 nations [World Bank, et al] in Washington’s District of Corruption?
- G20 finance ministers to discuss IMF reform delayed by U.S. –nets247.com
- Singapore’s Deputy Prime Minister and Minister for Finance Tharman Shanmugaratnam is scheduled to visit U.S. Washington D.C. from Wednesday to Sunday 9-13 April 2014 –news.xinhuanet.com…
- Associate Minister of Finance Jonathan Coleman departs New Zealand today for Washington to attend this week’s G20 Finance Ministers and Central Bank Governors meeting. –National.org.nz
- Australia joined its third annual meeting with members of the Commonwealth and La Francophonie in Washington to further deepen dialogue and engagement on the G20’s development agenda… –4-traders.com
- CIGI: IMF and World Bank Group Meetings –cigionline.org/activity
Reform of the quota system of the International Monetary Fund and the situation in countries with developing economies will be on top of the agenda at meetings of the finance ministers and heads of the central banks of G20 that will be held in Washington D.C. on April 9-11.
A source in the Russian delegation told reporters that the settlement of the IMF reform issue cannot be delayed any further. “Many countries are unlikely to agree once again with the suggestions to wait a little longer to give the American partners an opportunity to decide something at their level,” he said. “It’s obvious that now, taking into account the unsuccessful attempt to include the amendment in the latest bill (on IMF reform), the U.S. administration will not have another opportunity to raise this issue earlier than November,” TASS reports.
Read more: http://voiceofrussia.com/news/2014_04_08/G20-finance-ministers-to-discuss-IMF-reform-delayed-by-US-9534/
U.S. Warns China After Renminbi Depreciation
By Robin Harding and Josh Noble
Financial Times, London
Tuesday, April 8, 2014
The U.S. has warned Beijing not to go back to manipulating its currency, following a sharp depreciation of the renminbi since the start of 2014.
“If the recent currency weakness signals a change in China’s policy away from allowing adjustment and moving toward a market-determined exchange rate, that would raise serious concerns,” said a senior Treasury official ahead of this week’s IMF, World Bank, and G20 meetings in Washington.
… For the full story: http://www.ft.com/intl/cms/s/0/3355dc74-bed7-11e3-a1bf-00144feabdc0.html
The U.S. wants China to widen its trading band on one and only one condition: the yuan rises vs the US dollar.
U.S. hypocrites say nothing about Japan’s all-out attack on the Yen. Moreover, and more importantly, I have a simple question:
Why is massive QE in the U.S. acceptable when the sole intent is to drive the dollar lower and U.S. asset prices higher? – Michael Shedlock
Investment Advisor Representative at Sitka Pacific Capital Management LLC