International Monetary Fund Chief Says To ‘Buckle Up’ As 2023 Will Prove To Be Rocky

Increased interest rates will bite and we will see the impact on growth. For hundreds of millions of people, it will feel like a recession so buckle up.

She forecasts

International Monetary Fund Warns Of Economic Collapse Unless More Endless Debt Is Created To Keep The Charade Going

The WinePress has noted in other reports concerning the rise of interest rates, namely by the U.S.’ Federal Reserve, that this incremental rise only ensures inflation will remain elevated whilst making it harder the average Joe to borrow and loan money, especially on bigger ticket items like cars and homes.

Federal Reserve Raises Interest Rates Another 75 Points Third Time In A Row, Bringing Interest Rates To Largest Ever Since 2008

The Trends Journal additionally explains that ‘the U.S. Federal Reserve’s steadily rising interest rate has strengthened the U.S. dollar’s value, which has hiked the cost of imported food and, especially, oil and natural gas for dozens of countries. The stronger dollar and higher interest rates also make it harder for emerging nations to service their dollar-denominated debt.’

‘There is “no doubt” the IMF will soon open a financial “food shock window” to aid countries slammed by higher food prices resulting from disruptions of grains and other shipments out of Ukraine and Russia because of the war and resulting Western sanctions,’ The TJ added.

On top of all of this, the IMF has been deliberating on sending another spending package to Ukraine, similarly to the $1.4 billion they gifted the nation in March.

Bearing all this in mind, the Trends Journal rebuked Georgieva’s comment, and provided what they think will happen moving forward:

First there is the arrogance of the IMF chief’s statement that “For hundreds of millions of people, it will feel like a recession so buckle up.”

“Buckle up”? You mean get ready to suffer as you can’t make ends meet and life becomes more miserable? But not for the IMF head whose net worth is believed to be $7 million and she makes $351,758 annually from the IMF.

And, we maintain our forecast for a deep recession in most nations as Dragflation spreads across the globe.

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AUTHOR COMMENTARY

The ransom of a man’s life are his riches: but the poor heareth not rebuke.

Proverbs 13:8

Well, the rich fat cats at the IMF, and all other megabanks, ought to be careful; for when the people lose it all and the system artificially is allowed to collapse, the people will descend into madness and if cornered, the poor is not going to care about these vain riches, and the rich man will find himself killed.

The rich man’s wealth is his strong city, and as an high wall in his own conceit.

Proverbs 18:11

Putting aside their arrogance, one must not disregard their warnings. If they are saying it will be bad, it’s because it will be. The WP was saying this a lot longer before the IMF decided to open their mouths. In truth, we are so beyond a recession: we are living in the early stages of the Greatest Global Depression ever. Therefore, prepare for a volatile 2023 of epic proportions.

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[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).

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