While it is no secret that Ukraine is an overly corrupt nation that excels in bribery, the recent attempt to bribe, or some may say blackmail, US officials in order to secure further IMF funding is audacious to ridiculous extremes. In December Ukrainian officials descended on Washington with one overriding mission –to convince the Obama administration that without the financial help of the IMF, Ukraine might be unable to supply the EU with Russian gas this winter. This badly disguised... Full Story

For years now, there has been a great deal of speculation on whether or not the US Dollar would collapse.  With America's sky rocketing deficit, an 11 Trillion Dollar bailout in progress, and an ever shrinking GDP, the only thing the US is doing well at is keeping the US Dollar the global currency.  Unfortunately for the USA, this doesn't set well with the global population. Several months ago China and Russia brought the US dollar into question, urging the global community to adopt... Full Story

Kiev, Ukraine LA Times -  International auditors will probe the actions of Ukraine's central bank during the ongoing financial crisis in an effort to counter accusations of mismanagement and corruption at the bank, a bank official said Wednesday. Premier Yulia Tymoshenko has accused National Bank chief Volodymyr Stelmakh of conducting murky currency and lending procedures and auctions that caused the Ukrainian currency, the hryvna, to collapse.  She alleged the financial regulator was selling... Full Story

Washington Dc, USA The IMF has raised its estimated losses from the Financial Crisis to 4.054 trillion dollar, including 2.712 trillion dollars in losses in US-originated assets, 1.193 trillion in European originated assets and 149 billion in Japanese assets.  This figure does not include any other nation state outside those mentioned, however. This cost represents what was needed and would be needed by financial institutions because of the deterioration in credit, in particular in the plunge in the... Full Story

Dnipropetrovsk, Ukraine Now that IMF has agreed to release the second loan installment to Ukraine, the Ukrainian parliament must determine how to steal it quickly while those in power remain in power.   The IMF approved a $16.4 Billion loan to Ukraine to help it in the Financial Crisis.   The Ukrainian people are greatly suffering in this crisis, so the IMF gave the impression that it is going to help Ukrainians.  However, under the eye of Amerika, the IMF has no intention of helping Ukrainian... Full Story

London, UK While the call for more regulation of the Financial Markets by France and Germany have more or less failed, the only real winner of the G20 was the IMF.  With a $1 Trillion boost to their cash reserves, the IMF will be capable of loaning a great deal more money to countries struggling in this Financial Crisis.  While the Al Jazeera report below claims that these struggling countries are also winners, it fails to mention that in the end these struggling countries will be making... Full Story

London, UK With the G20 meeting well on its way, various bits of news are leaking out.  One promising piece of information is the fact that the IMF will be allocated an addition $500 Billion, on top of its already existing $250 Million, to help assist less fortunate nations such as Eastern Europe. The USA, Japan and the European Union have each pledged $100 Billion towards the IMF funding.  There is also some news that the IMF may tap markets to raise additional funds. As for the... Full Story

Beijing, China As the Financial Crisis deepens, more and more doubt is raised against the Dollar.  While American's sleep, the government is printing record amounts of Dollars.  The American people don't seem to mind too much, on the contrary many seem to openly ask for more.  There is a slight problem with this that American's seem to be ignoring, the more money you print the less that Dollar is worth. American's have an isolationist mentality when it comes to currency.  Because the... Full Story

London, England Ministers for G20 nations have met in London to begin discussions on what to do about the Financial Crisis that is gripping the world.  This is a preliminary meeting, leading up to the formal G20 meeting in a months time.  This meetings purpose seems to be to set an agenda for the formal meeting to be held later.Wikipedia defines the G20 as: In 2009, there are 20 members of the G-20. These include the finance ministers and central bank governors of 19... Full Story