More Calls for a National Bank

Editor's note: Pakistan's Imran Khan was in an economic war with the IMF and he was ousted in April, 2022 with US-backing. The only way Pakistan can survive IMF loans is to impose crushing taxes on Pakistanis according to the ousted Imran Khan with continued threats of assassination, and will turn Pakistan into a "banana republic". The same can be said for the US as it has turned into some kind of a financial plague. That is what the MF does. It inflicts pain. What is the best way to avoid the pain? Abolish the Federal Reserve and the IMF and establish a national bank that would also act to secure America's food supply.

Candidates Endorse Call to Replace Fed with Third National Bank

________

Source: RT News

US must endure 'pain' to fix inflation – IMF

The global lender says the US may have to suffer a recession in order to tame rising prices US must endure 'pain' to fix inflation – IMF

© AP / Jose Luis Magana

The United States may have to endure economic "pain" in order to rein in rampant inflation, the head of the International Monetary Fund (IMF) said on Friday, noting that a downturn might be the "necessary price to pay" for recovery.

Speaking to reporters during a Friday press conference, IMF Managing Director Kristalina Georgieva predicted a rough ride for the US economy, which is experiencing decades-high inflation with soaring prices for a number of staple goods.

"Success over time [in lowering prices] will be beneficial for global growth, but some pain to get to that success can be a necessary price to pay," she said soon after the IMF slashed its growth forecast for the US by nearly a full percentage point, down to 2.9%.

Georgieva added that the United States faces a "narrowing path to avoiding a recession," but that tackling inflation must be the "top priority," even if it means an economic slow-down.

Nigel Chalk, the number two official at the IMF's Western Hemisphere branch, also warned of the risk of a recession, but predicted that any downturn would be short-lived, pointing to robust savings and labor markets in the country.

The comments from the international lender come after the US Federal Reserve pushed through the highest interest rate hike in 28 years last week, in what Fed chair Jerome Powell described as an effort to counteract inflation. He has since acknowledged, however, that the central bank does not have control over prices for many key goods, including food and gas, explaining "There's really not anything that we can do" about rising oil and grain costs.

________

  

Editor's note: If the Federal Reserve System was bankrupt in 2009 when this presentation was given where does this leave the US today in 2022?

"Debts that can't be paid won't be paid." 

Above video clip on the need to create a national bank was sourced from: 

Stop Freaking Out: Learn the Principles & Practice of National Banking

More:

Amber Waves of Grain -- To Feed the Nation; You Need a Third National Bank

FORECLOSUREGATE COULD FORCE BANK NATIONALIZATION


Continuation:

Establishing a National Bank and Monetary Reform

Challenge the Central Banks and the Federal Reserve at Every Opportunity

Monetary Reform

Real Currencies

Any US president that opposes the Rothschild central banking death cult warfare model faces assassination:

Rothschilds Murdered at least Seven US Presidents

Note to readers: Google censors this blog.  Google (digital Bolshevism) also manipulates elections: WATCH: How Google Swings Elections