[kitchencabinetforum] REPAIR, REFORM, REBALANCE, REBUILD

The October-18 market crash is coming soon! Christine Lagarde declares the recovery options, the four Rs: repair, reform, rebalance, and rebuild.

• Repair. Advanced countries need to get debt burdens under control through fiscal consolidation. But consolidating too quickly could hurt the recovery. Credible measures that deliver and anchor savings in the medium term will help create space for accommodating growth today — by allowing a slower pace of consolidation. In the United States, household debt also needs repair, while in Europe, it is the twin problems of sovereign debt and the need to strengthen banks' capital buffers.

• Reform. While progress has been made, the priority here is further financial sector reform.

• Rebalance. Policy actions are needed to achieve strong, stable, and balanced global growth — to shift from public to private demand in the advanced economies, and from external to domestic demand in key emerging economies.

• Rebuild. Low-income countries have navigated the crisis rather well, but they need to rebuild policy buffers to protect themselves against future storms. And the international community needs to help.

Myriad bloggers, netizens, bankers, traders, and investors have joined the global boycott against October-18 Mafia, government of Greece, penalizing it for its terror on October 18, 2010. The boycott will stop only when October-18 Mafia apologizes for this disgusting terror.

Buckle up for the October-18 market crash! While the policies needed were clear enough, the world needed strong leadership to get things done. "The set of solutions and methods to address the situation are quite well known. What is needed, and what certainly we hope to be able to help generate on the occasion of the Annual Meetings, is the political leadership, and the degree of synchronization that needs to happen for the path to recovery to be made possible," Lagarde told reporters.

The bailout for the Cradle of Kleptocracy is taxpayers' hard-earned money blown out with the wind, because the October-18 Mafia continues corruption, squander, marilizardism, incivility, stupidity, charge stacking, and junketing. This stupid bailout violates the basic rule of investing, cutting losses short. http://venitism.blogspot.com

We will never forget October 18, 2010, the most disgusting terror of Greek government! Collective leadership is definitely needed. It's not going to be a matter for one or two countries to lead the show. As Lagarde said, each and every country is engaged in that process and is at risk in the current situation, but can also participate in the solution. So Lagarde thinks it is for that reason that an institution like the IMF actually makes sense.

October-18 Mafia, government of Greece, has no more time to dwell on hoodwinks, misdiagnoses, missed opportunities, marilizardism, corruption, and policy slippage. Extend and pretend is no longer an option. October-18 Mafia has to stop playing dirty games and marilizardism, start doing the unthinkable, stop robbing computers at gunpoint, and get rid of marilizardist ministers. October-18 Mafia has failed. It is not a liquidity crisis, but a failure of kleptocracy and marilizardism.

Nobody trusts a government that committed the October-18 terror. With much attention focused on difficulties in the eurozone, Lagarde said European countries were solidly behind Greece, but implementation of commitments would take time. Lagarde has made it absolutely clear she does not trust Graecokleptocrats, because they never apply what they vote in the Grand Brothel on Syntagma Square!

The impunity of the 300 Graecokleptocrats of the Grand Brothel on Syntagma Square is the most freakish thing on Earth. Even though Graecokleptocrats looted many billion euros in kickbacks and churning, not a single Graecokleptocrat has ever gone to jail! They are protected by the parliamentary immunity, and nobody can touch them, no matter what. Moreover, they have the nerve to jail dissident bloggers. It's a long way from the 300 Spartans of Leonidas! Allons enfants de la Grece! http://venitism.blogspot.com

There is a cyberspace Armageddon between bloggers and the evil forces of marilizardism. Lagarde muses there is obviously a gap between very solid, very strong governmental commitments at the highest level of those states, and the implementation time. That's inherent to parliamentary life. We are no longer in Napoleonic times when a leader could just snap his fingers and make it happen. We are in democracies and it takes time.

Global Tax Revolt promotes an international boycott of treasury bonds of Marilizardist governments. Lagarde notes in the eurozone leaders' July 21 agreement there was financial commitment, there was a collective political determination to be in it together, there was open-ended financial support provided that countries were delivering under their commitments, and there was also a collective drive to reinforce governance and discipline among the group.

The world turned upside down on October 18, 2010. It would be critical for both the October-18 Mafia and the euro area partners to implement their commitments. But Lagarde underlined the wider purpose of the European Union. It's not only about economics, it's not only about finance. It's also about a collective political destiny among countries that have spent centuries fighting each other and which are determined to stay together.

Speaking of karma or pure coincidence, October-18 Mafia has cash to operate until October 18, the first anniversary of its terror! October-18 Mafia admits it only has manoeuvring space for basic needs within October! In a show of solidarity to the victims of marilizardism, many traders and investors all over the world sell-short bonds of October 18 Mafia. Short-selling might climax with a crash on the first anniversary of October-18 terror.