IMF Promotes a New Bretton Woods Moment With Gender Equality

Mish

The economic illiterates at the IMF are back at with another nonsensical idea.

A New Bretton Woods Moment

The IMF has a new goal: a 'Sisterhood and Brotherhood of Humanity’ to save the world.

At the conclusion of the conference John Maynard Keynes captured the significance of international cooperation as hope for the world. “If we can continue…The brotherhood of man will have become more than a phrase", he said.

The work of the IMF is testament to the values of cooperation and solidarity on which a sisterhood and brotherhood of humanity is built. 

Key Ideas of IMF Managing Director

  1. Today we face a new Bretton Woods “moment. ”We should move towards greater debt transparency and enhanced creditor coordination.
  2. And policies must be for people —my second imperative.
  3. Rising inequality and rapid technological change demand strong education and training systems—to increase opportunity and reduce disparities.
  4. Accelerating gender equality can be a global game-changer. For the most unequal countries, closing the gender gap could increase GDP by an average of 35 percent.
  5. We can no longer afford to ignore climate change—my third imperative.
  6. Our research shows that, with the right mix of green investment and higher carbon prices, we can steer toward zero emissions by 2050 and help create millions of new jobs.

Alternate Idea

The current strategies have done nothing but promote wage and income inequality. 

The middle class is shrinking and housing is less and less affordable despited interest rates manipulated lower.

These trends accelerated with Nixon ended convertibility of the dollar. 

We do not need another "Bretton Woods". Nor do we need a useless "I favor mom, apple pie, global peace, and sisterhood equality" speech.

We need sound monetary ideas, free trade, the end of fiat currencies, and an end fraudulent fractional reserve lending.

Mish

Comments (33)
No. 1-11
Sechel
Sechel

Gender equality is controversial? I don't get it. Why is this upsetting?
Forgive me but this post comes off as a rant

Eddie_T
Eddie_T

"Greater debt transparency and enhanced creditor coordination"

So....what does that even mean? My guess, it means nothing....it just sounds good.

"Rising inequality and rapid technological change demand strong education and training systems—to increase opportunity and reduce disparities."

Sounds a lot like mandatory diversity training is on the way for the IMF. He's decided they need to take the knee and confront their racism and their white fragility.

Gender equality....I'm guessing they don't mean just for bankers.....some sort of monetary initiative to level the playing field? More social engineering. What could possibly go wrong?

Green investment?

More initiatives.....let's promote more debt for renewables....

I ask myself, "WTF do bankers know about renewables and EROEI?"

Nothing.

Betweentwoages
Betweentwoages

Global economic forum playbook . Topic for topic

Great Reset

PecuniaNonOlet
PecuniaNonOlet

Western countries have a population sustainability issue while under developed countries have an over population issue. At some point the two will need to meet.

I suspect the bankers have been running some calculations.

caradoc-again
caradoc-again

Mish, care to comment on ne EU SURE Bonds?
What a weird world we have entered.

Bam_Man
Bam_Man

Granting more power and authority to highly-centralized, unaccountable and easily corrupted "institutions" is not the answer.

Quite the opposite, in fact.

Rbm
Rbm

Guess when looking into gender equally you need to factor in where the sats come from etc. there is a cost to taking time out to have and raise kids. That tends to put a kink in your career path. Limiting how high of a position you can attain. Not just for women either. Anyone who takes a couple yrs off puts limits on time available for work etc is gonna suffer career wise to some degree or the other. For whatever reason.

KidHorn
KidHorn

Another bunch of idiots who think we can fight nature with policy changes.

anoop
anoop

So glad the smart folks over at the IMF have figure out how to make negative interest rates work.

Maximus_Minimus
Maximus_Minimus

IMF - yet another tool to control the unwashed through pseudo intellectual drivel.
That Keynes picture should remind everyone that a sound idea can be corrupted when not based on realities of human nature.
The elected representatives of the people can never tell good times from bad, and just spend like drunken sailors, and IMF is ready to provide ideological backing.
If only the world could have been run by the betters...

RonJ
RonJ

"The IMF has a new goal: a 'Sisterhood and Brotherhood of Humanity’ to save the world."

The IMF has a new scam. Nobody is going to save the world, especially the bankers.


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