The deputy director of the IMF's Asia and Pacific Department urged Japan to formulate a concrete plan for fiscal consolidation, adding a consumption tax cut should be avoided. https://www.japantimes.co.jp/business/2025/10/24/economy/imf-japan-fiscal-health/?utm_medium=Social&utm_source=mastodon #business #economy #imf #jgb #japaneseeconomy #depopulation
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The Questions Nobody's Asking
Why bypass the #IMF entirely? The IMF exists for this. Why go alone?
Why is Treasury doing this instead of the Fed? Swaplines are the Fed's job. This is highly unusual.
Why these exact amounts at this exact time? $20B bailout, $20B #Tether
..and satellites? and ...What does a stablecoin company with <100 employees need with 70% of an agricultural company?
The NYT asked exactly ZERO of these questions.
An International Monetary Fund has recommended that Japan create longer-term fiscal plans amid increasing risks posed by interest rate rises. https://www.japantimes.co.jp/business/2025/10/16/economy/imf-exec-japan-economy/?utm_medium=Social&utm_source=mastodon #business #economy #imf #vitorgaspar #japaneseeconomy
Jonathan Schofield
boosted
Ω🪬Ω
➤ Making Argentina Great Again
it is incredibly suspicious to me that the US Treasury fund #Bessent wants to use to bail out #Argentina and Javier #Milei is almost exactly the same size as the amount of money #Tether is suddenly trying to raise via a “private placement”.
Tether is one of the most profitable companies in the history of the world, at least according to their own unaudited / unverified numbers. There should be no reason for them to need to raise capital and no desire on their part to sell off part of their cash cow.
Puting aside for a moment the absurdity of the idea that the central bank of international criminal finance considers itself to be in the same league as companies like Google, Nvidia, and Tesla, I can think of 3 possible explanations:
1. Tether is (somehow) out of cash. This is lent some credence by the fact that they are failing to pay their electricity bill in #Uruguay and had their power turned off a few weeks ago.
2. Tether wants to get some shares into the hands of corrupt government officials (other than Howard “Nutlick” #Lutnick, who already has some) for protection.
3. Now that the #Fed has pivoted and cut rates Tether’s income is about to start dropping (and the more the fed cuts, the more it will drop) so they are just cashing out the founders at the top. This is the most charitable interpretation.
it’s also worth mentioning that:
1. Tether’s #USDT token is very popular with #Argentinians trying to avoid that country’s hyperinflation. While technically illegal because of capital controls, it’s still a “crime” I have some sympathy for. But it does mean there’s an important connection between Tether and Argentina.
2. Tether is a major shareholder in south american agriculture business #Adecoagro which does a lot of work in Argentina.
more on Tether: https://cryptadamus.substack.com/p/trumps-transition-team-is-tethered
#uspol #MAGA #uspolitics #ScottBessent #treasury #finance #economics #bailout #IMF #WEF #WorldBank #howardLutnick #stablecoins
He said options for a support package “may include, but are not limited to, swap lines, direct currency purchases and purchases of US dollar-denominated government debt from Treasury’s Exchange Stabilisation Fund”. The fund, which was set up in 1934, is controlled by the US Treasury secretary, who has “considerable discretion” in the use of its assets — including about to intervene in exchange rates.
Tether Looking To Raise Up to $20 billion, bringing its valuation to $500 billion
Ω🪬Ω
➤ Making Argentina Great Again
it is incredibly suspicious to me that the US Treasury fund #Bessent wants to use to bail out #Argentina and Javier #Milei is almost exactly the same size as the amount of money #Tether is suddenly trying to raise via a “private placement”.
Tether is one of the most profitable companies in the history of the world, at least according to their own unaudited / unverified numbers. There should be no reason for them to need to raise capital and no desire on their part to sell off part of their cash cow.
Puting aside for a moment the absurdity of the idea that the central bank of international criminal finance considers itself to be in the same league as companies like Google, Nvidia, and Tesla, I can think of 3 possible explanations:
1. Tether is (somehow) out of cash. This is lent some credence by the fact that they are failing to pay their electricity bill in #Uruguay and had their power turned off a few weeks ago.
2. Tether wants to get some shares into the hands of corrupt government officials (other than Howard “Nutlick” #Lutnick, who already has some) for protection.
3. Now that the #Fed has pivoted and cut rates Tether’s income is about to start dropping (and the more the fed cuts, the more it will drop) so they are just cashing out the founders at the top. This is the most charitable interpretation.
it’s also worth mentioning that:
1. Tether’s #USDT token is very popular with #Argentinians trying to avoid that country’s hyperinflation. While technically illegal because of capital controls, it’s still a “crime” I have some sympathy for. But it does mean there’s an important connection between Tether and Argentina.
2. Tether is a major shareholder in south american agriculture business #Adecoagro which does a lot of work in Argentina.
more on Tether: https://cryptadamus.substack.com/p/trumps-transition-team-is-tethered
#uspol #MAGA #uspolitics #ScottBessent #treasury #finance #economics #bailout #IMF #WEF #WorldBank #howardLutnick #stablecoins
He said options for a support package “may include, but are not limited to, swap lines, direct currency purchases and purchases of US dollar-denominated government debt from Treasury’s Exchange Stabilisation Fund”. The fund, which was set up in 1934, is controlled by the US Treasury secretary, who has “considerable discretion” in the use of its assets — including about to intervene in exchange rates.
Tether Looking To Raise Up to $20 billion, bringing its valuation to $500 billion
A former International Monetary Fund Chief Economist has advised Japan to strengthen cooperation with Asian and European countries given disruptions to the global economic and financial order caused by U.S. policies. https://www.japantimes.co.jp/business/2025/08/12/economy/imf-advice-cooperation/?utm_medium=Social&utm_source=mastodon #business #economy #imf #us #trade #tariffs #usjapanrelations #japaneseeconomy
Japan should avoid tax cuts and cash handouts as they could worsen the nation's already precarious fiscal conditions, International Monetary Fund spokesperson Julie Kozack said. https://www.japantimes.co.jp/business/2025/07/25/economy/imf-advice-tax-cuts/?utm_medium=Social&utm_source=mastodon #business #economy #imf #japaneseeconomy #taxes #inflation #2025upperhouseelection