Tag Archives: U.S. Treasury

What Putin Is Afraid Of

Of all the questions, the greatest concern what Russians call their 9/11...

What good is an intelligence establishment if it can't answer questions we want answered?

Bank Rossiya, slapped with U.S. sanctions last month, is the "personal bank" of top Russian officials, the U.S. Treasury tells us. Its chief, Yuri Kovalchuk, "has been referred" to as one of President Vladimir Putin's "cashiers."

Continue to the original source »

Read More »

Do We Really Need a Larger IMF?

 

Several developments should cause the U.S. Treasury to reverse itself in favor of a smaller International Monetary Fund.

John Maynard Keynes famously observed, “when the facts change, I change my mind. What do you do, sir?” Evidently the same may not be said of the U.S. Treasury regarding the appropriate size of the International Monetary Fund. While the U.S. Treasury is all too ready to argue the case for a bigger IMF when circumstances appear to justify such a move, it has been reluctant to revise its assessment now that changed circumstances indicate a smaller IMF is preferable.

Continue to the original source »

Read More »