Much of the Western world will require defaults, a savings tax and higher inflation to clear the way for recovery as debt levels reach a 200-year high, according to a new report by the International Monetary Fund.
The policy is essentially a confiscation of savings, partly achieved by pushing up inflation while rigging the system to stop markets taking evasive action.
Now our finance minister Jim Flaherty is saying Canada will raise be pressured to raise interest rates. This story ties in perfectly with the Telegraph article above. The IMF is influencing Canadian politicians in their decisions. Who’s really running our finances? See the video below for more proof: