Islandg1211: In re-reading CL’s remarks, it appears that she was referring to developed countries not being in sync with each other to time global reforms. She feels if every country acted together with the needed reforms, the global economy would benefit.
She talked about reforms that would address developed countries increase in GNP, and the ME policies to address the problem of sustained lower oil prices by lowering spending and diversifying their economies. She gave a nod of approval to Veitnam’s economic growth. I’m not sure if we can read more into her comments, or if she was even referring to the currency exchange rates in her speeches.
However, when we look at the action taken by the IMF immediately responding to the chaos that happened in the GOI this week, we could opine a bit more on her thinking. There was an immediate threat of withdrawing the loans to Iraq if the GOI doesn’t get their act together. That action speaks volumes.
We need to watch closely these maneuverings. Look for the sticks and carrots. There’s a lot happening because the PTB are very much involved.
A year ago, they were leaving it up to Iraq, while giving them money, and the U.S. military wasn’t doing very much.
If CL’s comments and the IMF’s threat to not lend money to Iraq was taken in conjunction, is CL tossing out the idea (threat) that Vietnam, Indonesia could be allowed to RV without Iraq?
I’m not sure if that’s reading too much into her comments.
