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Old 07-05-2009, 10:58 AM   #1
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Default Financial Crisis Fraud ... more IMF bs

I found this interesting report today ... its an article on the appreciating Eastern European economies recently - a stark difference from the doom and gloom that was being painted a couple of months ago.

HUF appreciation is also bolstered by the fact that the International Monetary Fund (IMF) said on Wednesday it overstated external financing needs of some eastern European countries in a recent report, largely because of double-counting errors, and would publish corrected data soon.

It is not clear just yet how large the IMF's revisions might be.

At issue is a table the IMF included in its Global Financial Stability Report, which was released on 21 April, showing many eastern European countries had large financing needs.

"We are in the process of correcting numbers ... regarding refinancing needs of countries listed in the table," IMF spokeswoman Simonetta Nardin said in an e-mail to Reuters in response to a question about the figures. "We expect to have the corrected numbers published soon."

The table had appeared on page 10 of the financial stability report. A version of the report on the IMF's website on Wednesday showed a blank box and the words, "Temporarily withdrawn -- pending update and correction."

The IMF said the corrections mostly involved double-counting errors, although in the case of the Czech Republic the figure initially published was the result of a typographical error.

Source Article


Double counting errors???
Typo errors???

Sorry, but the IMF does not make double counting errors in its statements.
That just does not happen.

... and typo errors in its reports??? Are you kidding me??

Anything produced by the IMF is checked, double checked, triple checked, quadruple checked, then audited, reaudited and then checked again.

Double counting errors?
Who the hell are they trying to fool?

I smell a HUGE rat.

Interesting to also note that J P Morgan is at it again ... seems the EMBI+ (JPMorgan Emerging Markets Bond Index Plus (EMBI+) is a US-dollar emerging markets debt benchmark that tracks total returns for actively traded external debt instruments in emerging markets.) is also promoting further risk exposure in the Emerging Markets ...

It is spelt ... M - A - N - I - P - U - L - A - T - I - O - N
Anarchism stands for liberation of the human mind from the dominion of religion; the liberation of the human body from the dominion of property; liberation from shackles and restraint of government. It stands for social order based on the free grouping of individuals.
It [...] maintains that God, the State, and society are non-existent, that their promises are null and void, since they can be fulfilled only through man's subordination.

- Emma Goldman

Last edited by yozhik; 07-05-2009 at 11:03 AM.
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