Monday, April 16, 2012

IMF ....explained ...

IMF in context (explained) : As of mid 2008, the IMF had around $1,6 billion in the bank. Compared to the sums involved in the designed financial collapse, this represents a grain of sand on Peblle Beach. There was a story about the IMF selling off 400 tons of gold. We don't know if this was real gold, tungsten coated bars, or pure make believe gold?? There were stories floating around that India would pay hard cash for this imaginary gold, but then all went quiet.....Whatever reserves the IMF has acquired since the designed financial collapse, they are digitally created Monopoly Money reserves. The IMF is a global extortion racket...they force cuts, force payments to bust banks, in exchange for Monopoly Money created out of thin air, that states will pay back with REAL money, plus interest....nice business !!!...The US is already broke. Britain is broke and Canada wants to stay solvent. Why would anyone in their right mind impose more sacrifices on their own people to prop up an insane political project like the Euro?The argument that it is in their own self-interests doesn't wash as there will inevitably be a day of reckoning for this mess and delaying it will make the pain worse all around, not better; so its time for Europe to bite the bullet rather than taking everyone else down with them.....And... the news item : Global politics and economic theory don’t lend themselves easily to punch lines. But in January this year, Christine Lagarde managed to inject a little light relief into proceedings at the World Economic Forum. Holding up her Louis Vuitton handbag, the new managing director of the International Monetary Fund (IMF) turned to her fellow power brokers in one session and said: “I am here, with my little bag, to collect a bit of money.” The joke broke the ice and the room rippled with laughter. But, beneath the disarming charm, Lagarde was deadly serious. For months now, the IMF has been trying to coerce its 187 members into committing as much as $600bn (£378bn) more to the fund to build what she described at the Brookings Institute in Washington last week as a “global firewall” to defeat once and for all the European sovereign debt crisis.

9 comments:

Anonymous said...

George Osborne is expected to support the IMF's calls for greater resources in back-room negotiations, but will only pledge the extra funds if agreement can be struck with all the major non-eurozone nations, bar the US.


Tim Geithner, US Treasury Secretary, has made it clear the US will not make any further contributions until the eurozone has bolstered its own bail-out fund sufficiently.


The IMF has been pushing to increase its resources from $400bn (£250bn) to about $1 trillion for several months.


Hopes for a deal at Mexico's G20 summit in February were dashed, but the eurozone has since increased its rescue scheme by around €300bn (£247bn).


On Thursday, IMF managing director Christine Lagarde said she was "hopeful we will make progress" this week.

Anonymous said...

Osborne simply doesn't get it. We can only contribute to the IMF by effectively using borrowed money.

Time to just say no -we have no money to give.

The IMF should not be used to support the Euro - a purpose which it was never intended to fulfil.

Anonymous said...

The Bankers are in control, they've taken Power
How much more proof does anyone need?
The Disabled, elderly, un-employed are getting run into the ground with cuts , the libraries and community centers are closing, they just hammered the gavil on the Nhs reforms, privatisation cuts cuts, and George Osborne is giving money Ten Billion pounds of it, to the Imf, to his Pals in the european banking industry, while the people who are supposed be helped by it, beg for food on the streets of Greece or commit suicide, so the Bankers can get their interest repayments. Thats where Ten Billion pounds of extra money is going to pay off interest on existing loans.
It's all preperation to see how much the British public are willing to take, how much they are willing to put with.
I Grieve for this country.

Anonymous said...

Britain apparently now has money to burn...

Did you know that Britain would have to construct 2,000 giant 3 MW wind turbines at a cost of £2 billion, to offset the CO2 produced by every 1 GW coal powered electric plant built in China? To offset the CO2 going into the environment which will result from only one year of Chinese construction of coal powered electric plants, Britain would need to build 100,000 giant wind turbines at a cost of something near 100 billion pounds. Who can possibly think this makes any sense?

Anonymous said...

exumab

Today 01:12 AM




Nothing for Britains elderly, and nothing but CUTS, austerity and talk of "Hard Decisions" for the under priviledged and the unemployed.
So how does this thing called "Government" work? A group of rich "Old Boys" is elected into office and then they are free to do whatever they want with the national purse with no outcry or reaction from the public? It's really very surrealistic watching them giving everyone elses food away. The most shocking thing is the 'In Your Face" way that they do it with no fear of reprisals or accountability whatsoever.
But I guess as long as the public allow them to do it without any serious backlash......why not.
As W.C. Fields once said, "Never give a sucker an even break!"

Anonymous said...

This IS a joke isn't it? It cannot POSSIBLY be true, there are people in this country who are having to ask charity food banks to help them out so they can eat, and he throws £10 BILLION in Merkel's direction so she can carry on stuffing her face and getting fatter? Every single person in this country is drowning under a sea of taxes, we are the most taxed to death country in the world and he throws money away like it means nothing, it beggars belief, it really does.

Anonymous said...

This IS a joke isn't it? It cannot POSSIBLY be true, there are people in this country who are having to ask charity food banks to help them out so they can eat, and he throws £10 BILLION in Merkel's direction so she can carry on stuffing her face and getting fatter? Every single person in this country is drowning under a sea of taxes, we are the most taxed to death country in the world and he throws money away like it means nothing, it beggars belief, it really does.

Anonymous said...

Flights in and out of Gatwick Airport were suspended after a plane was forced to make an emergency landing after smoke was reported in the cabin.

Virgin flight VS27 had left the West Sussex airport at 11:48 BST and was bound for Orlando in the US when it had to return to land at 12:17.

Four passengers suffered minor injuries during the evacuation.

The airport said flights resumed later but warned of delays.

Some flights were cancelled or diverted and passengers were advised to check with their airlines for specific flight information.

Liam Moore, a passenger on the Airbus A330-300 aircraft, which had 13 crew and 299 passengers on board, said everybody was "really shaken up".

"We were on the plane and everything seemed fine," he said.

Anonymous said...

Flights in and out of Gatwick Airport were suspended after a plane was forced to make an emergency landing after smoke was reported in the cabin.

Virgin flight VS27 had left the West Sussex airport at 11:48 BST and was bound for Orlando in the US when it had to return to land at 12:17.

Four passengers suffered minor injuries during the evacuation.

The airport said flights resumed later but warned of delays.

Some flights were cancelled or diverted and passengers were advised to check with their airlines for specific flight information.

Liam Moore, a passenger on the Airbus A330-300 aircraft, which had 13 crew and 299 passengers on board, said everybody was "really shaken up".

"We were on the plane and everything seemed fine," he said.