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Collect Taxes More Effectively to Avoid ‘Debt Trap’ Chaos, Warns IMF


The IMF’s Managing Director, Kristalina Georgieva. Source: A screenshot, Instagram/the_imf Global financial chiefs have suggested that they may look to more aggressive tax collecting measures in advanced economies as a means to dig the world economy out of a “disturbing” impending coronavirus...

Dalio Disses Dollar Debt, But Warns Gov’ts May Target Bitcoin & Gold


Ray Dalio. Source: a video screenshot, YouTube, TED The superstar investor and sometime bitcoin (BTC) commentator, founder of major global investment firm Bridgewater Associates Ray Dalio has launched a stinging attack on government and other forms of dollar debt-buying in the form of bonds...

A Debt-Fuelled Economic Crisis & Bitcoin: What to Expect?


It’s hard to shake the fact that bitcoin (BTC)’s ascent from one fresh all-time high to another in recent months has taken place amid a backdrop of a struggling global economy. The United States’ GDP infamously tanked by a record 32.9% in Q2 2020 and fell by 3.5% across 2020 as a whole, while...

Global Debt Landscape Sends a Warning Sign


Xuehui Han is an Economist in the International Monetary Fund (IMF)’s Fiscal Affairs Department. Paulo Medas is Deputy Division Chief in the same department, while Susan Yang is a senior economist in the department. _____ Many countries entered the pandemic with elevated debt levels. Our...

Japan Leverages 80 Tons of Gold to Help Fund Part of Its Stimulus Package


Japan’s finance ministry has reportedly leveraged 80 tons of gold to help fund part of its huge stimulus package aimed at combating the coronavirus crisis. The Asian country, which is saddled with public debt twice the size of its economy, is under pressure to find non-tax revenues to cover...

How Much Debt Can a Country Handle?


As conventional wisdom grows that central banks can go more deeply into debt than previously thought, one economist asks, how much is too much?

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