Friday, December 23, 2011
New Stupidity from the IMF
Just when it seems things couldn't get worse. Now the IMF (International Monetary Fund, although other interpretation come to mind) is telling its' members that they should double their funding of the IMF. Really? There are 183 members of which 127 are net debtor nations. That would mean they would have to borrow more money to give (yes, I said, "give") to the IMF which will use it to lend to problem nations. The United States of America contributes to almost 36% of the total for the debtor nations (IMF figures) yet has the biggest net loss as a nation. What stupidity. The USA already has staggering debt and the IMF wants it to borrow more so the IMF can create even more European funding through fractional reserve banking! WHEN YOU HAVE A DEBT CRISIS, STOP BORROWING!! Things are really simple and these banksters just can't stop robbing from Peter to pay Paul, Tom, Dick and even Harry! (Can't let the interest clock stop running, right?) This is strong evidence that the financial and political communities simply won't exercise any self-discipline but will create bubble after bubble until they all pop. Make sure you're prepared to take care of yourself when that happens (soon).
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment