[-] FuckyWucky@hexbear.net 5 points 1 hour ago

Russians pls

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[-] FuckyWucky@hexbear.net 18 points 1 day ago

How uncivil of him smh

[-] FuckyWucky@hexbear.net 12 points 1 day ago

Brezhenev in his final years clears both Biden and Trump ez.

[-] FuckyWucky@hexbear.net 83 points 1 day ago

It's her turn kamala-coconut-tree

[-] FuckyWucky@hexbear.net 8 points 1 day ago

check out propranolol, you dont have to take it long term unlike many other anxiety meds.

[-] FuckyWucky@hexbear.net 5 points 1 day ago* (last edited 1 day ago)

spoilernot even a country smh

i was wondering what country has exports that small

[-] FuckyWucky@hexbear.net 35 points 1 day ago* (last edited 1 day ago)

The aim of the loan is to indebt Argentina so much that its currency will continue to go down and down and down, essentially wrecking the economy. That’s what the IMF does. That’s its business plan. It makes a loan to subsidize capital flight, emptying out the economy of cash, leading the currency to collapse, as it is recently collapsed. As soon as the $50 billion was expended, or wasted, in letting wealthy Argentinians take their pesos, convert them into dollars, move them offshore to the United States, to England, to the Dutch West Indies, and offshore banking centers. Then they let the currency collapse so that the IMF model, which it’s announced for the last 50 years, the model is if you can depreciate a currency what you’re really lowering is the price of labor.

The right wing Chicago School propagandists keep claiming that if a country’s сurrency is depreciating, it must be because its prices are going up. But that gets the line of causality inside out. For debtor countries such as Argentina or other Lаtin American countries, the balance of payments has little to dо with domestic prices, domestic wage rates or domestic cost of production. The balance-of payments – and hence, the exchange rate – is swamped by debt sеrvice.

https://www.nakedcapitalism.com/2018/07/michael-hudson-argentinas-new-50-billion-imf-loan-designed-replay-2001-crisis.html

[-] FuckyWucky@hexbear.net 11 points 1 day ago* (last edited 1 day ago)

"We are not telling Iceland to tighten its belt in the middle of a recession. During the first year of the program, automatic fiscal stabilizers will be allowed to work."

No belt tightening but belt tightening. They were saying no discretionary spending. "Automatic fiscal stabilizers" are just Government programs which 'automatically' rise during a recession because of people losing jobs or falling into poverty, like unemployment checks and food stamps.

the program includes the development of a strong medium-term fiscal consolidation plan to be launched in 2010

and that too for just one year. This is what Ukraine will be facing once the war ends and the Government remains pro-West.

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Looking into it. (hexbear.net)

billionaire-tears

[-] FuckyWucky@hexbear.net 43 points 1 day ago

And Lebanon can send Israel back to stone age too unlike Hamas

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submitted 2 days ago* (last edited 2 days ago) by FuckyWucky@hexbear.net to c/chapotraphouse@hexbear.net

IMF L

Ruto said he would now start a dialogue with Kenyan young people, without going into details, and work on austerity measures – starting with cuts to the budget of the presidency – to make up the difference in the country’s finances.

Yeah Argentina is doing great because of austerity.

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submitted 2 days ago* (last edited 2 days ago) by FuckyWucky@hexbear.net to c/chapotraphouse@hexbear.net
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submitted 1 week ago* (last edited 1 week ago) by FuckyWucky@hexbear.net to c/chapotraphouse@hexbear.net

They are increasing the regressive taxes on essential goods like fuel and vegetable oil. All of this is fully backed by the IMF.

It they were serious about reducing the fiscal deficits (which isn't the issue) they would raise income taxes on the rich because regressive taxes on the working class (who spend much of their income) shrinks the economy.

Article on IMFs role in this:

https://jacobin.com/2024/03/imf-kenya-austerity-debt-william-ruto

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submitted 1 week ago* (last edited 1 week ago) by FuckyWucky@hexbear.net to c/chapotraphouse@hexbear.net
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Mr. Krabs is a CRIMINAL! (www.youtube.com)

We all know he is a bourgeois pos but I didn't know about this episode.

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Food (hexbear.net)
submitted 2 weeks ago* (last edited 2 weeks ago) by FuckyWucky@hexbear.net to c/chapotraphouse@hexbear.net

https://x.com/NathanJRobinson/status/1800915894585147399

Krugman, despite being a neoliberal knows that food is an essential item. So likely he is propagandizing for Biden.

Look at personal savings rate.

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FuckyWucky

joined 1 year ago