American Consequences - December 2019

Though the IMF is a multilateral lender, its focus isn’t to make a profit (and its employees aren’t paid on the basis of loans they make). But one of the main points of the IMF is to make loans... If the IMF’s well- paid employees didn't make loans, after a while they’d be out of a job. So in that sense, making the biggest loan on record for the institution is an “accomplishment” – even if no one took home a bigger bonus at

terms, or famous cities in Europe. But the settlers seem to have

run out of names by the time they got to the far west. For example, Farr West, Utah. And Gun Barrel City, Texas. Zeb, Oklahoma, and Jackpot, Nevada – all real places... although Lost My Hat is not.) Re: The Economic Itch the IMF Can’t Stop Trying to Scratch The more debt that is sold, the more “MONEY” is made for the organization. So, for me, it’s easy to see why Christine Lagarde got promoted. She made “MONEY.” It’s just like Jamie Dimon cold-calling the mayor of Detroit and selling him loans. The repayment is all gravy, no risk, money. You see my debt idea that matters is that banks do not lend any money per se, they sell you a loan... It’s quite an illusion and THE most fabulous scam. – David S. Kim Iskyan comment: Hi David, thank you for your email.

CHECK OUT OUR ONLINE ARCHIVE OF PAST ISSUES.

the end of the year for it (as is the case with commercial or investment banks). It’s a different kind of scam... but a scam nevertheless. Re: Will The Never-Trumpers

Get Their Revenge?

Buck, I was a Never-Trumper in 2016. I didn’t like his behavior in the primaries and thought he was a lifelong Dem, who hung

out with the Clintons, etc. I stayed out of the general election vote,

choosing to vote for Sully Sullenberger. Since the election President Trump has appointed two really good Supreme

American Consequences

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