White House budget director Mike Mulvaney has come out swinging at The IMF, after the establishment-sponsored organization threw shade at Trump's tax reform plan's growth expectations, accusing them of wanting the reforms to fail.
The angry response came after Vitor Gaspar, The IMF’s head of fiscal affairs, told the Financial Times:
I was not sure if I was going to write this article. I mean, why become a target of such a
powerful group with such a critical article. However, after watching such negative impact
from large pools of money deployed for self-determination purposes and what
appears to be abuse of powers and inherent resulting dangers, I am compelled to
do so.
Back in January 2016, we showed what the collapse of Venezuela looks like, when in addition to charting Venezuela's imploding currency (which back then was trading at a positive expensive 941 bolivars to the dollar), we presented what at the time was the IMF's latest Venezuela inflation forecast, which stunned us as it surged from 275% in the just concluded 2015 to a whopping 720% at the end of 2016.
Confirming the shift to a more optimistic worldview by IMF unveiled last week by Christine Lagarde, in its latest World Economic Outlook released on Tuesday, the IMF raised its 2017 and 2018 GDP growth forecast for the U.S., China, euro area and Japan as follows:
Authored by James Rickards via DailyReckoning.com,
Dear President Trump,
Over the last couple of years I’ve been all over TV… from Fox News to CNBC, CNN and Bloomberg. I’ve been telling our fellow Americans that the financial global elite was planning to issue their own globalist currency called special drawing rights, or SDRs.