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IMF cuts U.S. growth forecast, warns of crisis
- r00fus 15y agoGreat. IMF is warning global governments that "austerity" is needed. Is this surprising that Dominique Strauss-Kahn (a front-runner for the socialist party nomination in France) having resigned from IMF, and now the IMF is tacking to the right on austerity? The root cause isn't government budgets but the banksters who caused all the problems with shady ratings and shell-games masking bad debts as AAA rated investments. They got off scot-free and now are shaking down the governments asking for more money... at some point, this is likely to cause a world economic implosion.