Weltfinanz

The Lost Science of Money

A Speech at the US Treasury by Stephen Zarlenga

American Monetary Institute Monetary Reform Conference in Chicago Sept. 29 - Oct. 2, 2005

New Paradigm in Macroeconomics

Wherever the World Bank and the IMF became active – most of the developing world – they soon seemed to know the true problems of each country. Little local research was necessary to reach their conclusions. Switching the country name from an earlier study seemed to do much of the job, since the policy advice is highly predictable and appears to apply to all countries: structural reform to implement liberalization, deregulation and privatization, we are told, is the only path to prosperity.

Debt Execution or Common Weal

A brief Exchange on Debt Restructuring between Nouriel Roubini and Kunibert Raffer

The Essence of Insolvency
and Chapter 9 of US Code on Bankruptcy

Before describing insolvency procedures pursuant to the US Chapter 9 in detail a brief general point about the essence of all insolvency regulations seems advisable to clarify their very essence. As already shown above there is the need for an efficient procedure to solve cases of overindebtedness, as phantom debts otherwise continue to grow creating problems to anyone, including creditors. Historical evidence proves that even debt prisons cannot make unpayable debts paid. Once it is clear that creditors cannot get all payments to which they are entitled, it becomes obvious that a procedure to share losses is necessary and advisable. Such procedures were developed by all civilised legal systems.

Is a USA Economic collapse due in 2005?

By F. William Engdahl

James Cumes (*)

The US Dollar, Inflation

and the Outlook for 2004

Inflation,Stagflation

and Unemployment

Jahrbuch 2003

Europa

Ohne die Erweiterung zur Europäischen Währungsunion kann die EU nicht erfolgreich sein.

Arno Tausch:

Für ein gemeinsames €uropa

Argumente aus der Sicht des “Globalen Keynesianismus”

Jahrbuch 2002 - IMF & Chapter 9

Solving Sovereign Debt Overhang

by Internationalising

Chapter 9 Procedure

Working Paper by Kunibert Raffer

Luiz Inácio Lula da Silva`s Brazil: Financial cross double bind with JP Morgan Chase and partners - James K. Galbraith on “The Larger International Monetary Problem”

Sovereign Debt Workout Arrangements / By Kunibert Raffer, University of Vienna

Staatliche Schuldenregulierung: Verfahren und mögliche Inhalte / Ein Gutachten für das Bundesministerium für Wirtschaftliche Zusammenarbeit und Entwicklung

IMF Updates and Patches: Mrs. Krueger`s software is approaching Microsoft standards

A Contribution to an Online Discussion on Sovereign Debt Restructuring

Moderated by the European Network for Debt and Development
A Letter By Thomas C. Dawson, Director, External Relations Department International Monetary Fund, February 7, 2002

Short Reply by Kunibert Raffer on request by DAD

Jahrbuch 2001 / Bretton Woods

The Bretton Woods-GATT System: Retrospect and Prospect After Fifty Years

Margaret Garritsen de Vries: The Bretton Woods Conference and the Birth of the International Monetary Fund

Edward M. Bernstein: The Making and Remaking of the Bretton Woods Institutions

US Dollar

Andre Gunder Frank:

Überdehnung der US-Ökonomie &

Militärisch-Politischer Rückstoß?

Subversives Geld

Im Schatten der Derivate - Buchankündigung

Jahrbuch 2000

Von Exuberance zu Protuberance

Negativer irrationaler Überschwang und spekulativer Empirismus

von Georg P. Christian

Man muß sich nicht wie ein Guru vorkommen, um die Voraussage zu wagen, daß der 20. Dezember 2000 in die Finanzgeschichte eingehen wird – als der Tag, an dem »die Märkte« über die Blase, deren Aroma sie so lange gierig geschnüffelt haben und deren Binnendruck ihnen mitunter schon Ohren und Nasen zu verstopfen schien, von immerwährender Betörung zunächst einmal in den Zustand der Verstörung übergegangen sind.

Die Schwankungsanfälligkeit des

IWF-Systems

Ein Bericht von Georg P. Christian

Im Jahr 1988, zur Herbsttagung des Internationalen Währungsfonds und der Weltbank in Berlin, hatten sich die Studien von Zeitfragen letztmals ausführlich mit »Fakten zur Schuldenkrise«, mit »Kampagne und Gegenkongreß« sowie mit der Enzyklika Johannes Pauls II über die “Strukturen der Sünde” befaßt. (Heft 3/1988). Der Bericht schlägt die Brücke zwischen den Umwälzungen Ende der 80er Jahre zum derzeitigen Zustand des Weltwirtschaftssystems.

Hedge Funds, Asian Crisis and Japan

Von F. William Engdahl

In all today, there are some 3,000 registered trading entities called hedge funds, with an estimated equity base of some $200 billions, according to Hedge Fund Research, Inc., a hedge fund analyst. Of these , less than half a dozen regularly engage as conscious strategy, in high-risk, politically-targetted attacks on vulnerable currencies or markets. While these »global macro« hedge funds, as the latter are often called, often operate out of offices in New York or other US cities, none of them are »American« in any real sense. The management office may be in New York, but the legal corporation is hidden away, offshore, far away from the prying eyes of US or other tax authorities, in places such as Netherlands Antilles or Cayman Islands. Further, to avoid any legal scrutiny from US authorities, these global macro funds permit only non-US citizens or non-US institutional investors to join the equity share of the fund, usually European or other foreign banks. It's all completely unregulated and highly secret.