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Treasury seeks $100 billion to aid ailing nations

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posted on Mar, 12 2009 @ 09:03 AM
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Treasury seeks $100 billion to aid ailing nations


www.msnbc.msn.com

Treasury Secretary Timothy F. Geithner yesterday unveiled a sweeping plan that calls on the United States and other nations to offer billions more to bail out economies in crisis and prods a reluctant Europe to prop up the reeling world economy with more aggressive government spending.

But the campaign is triggering controversy on both sides of the Atlantic. In Europe, some officials doubt the wisdom of falling deeply into debt to create jobs and halt the plunge in consumer demand, as the United States is doing. On Capitol Hill, members of Congress have grown wary of approving still more money.

Geithner said the administration will ask Congress to make $100 billion more available — nearly doubling the current U.S. commitment — to the International Monetary Fund to aid struggling nations. U.S. lawmakers said yesterday that they are already bracing for the administration to request hundreds of billions of dollars in more rescue funds for U.S. financial firms, and possibly a second massive economic stimulus package as well.

(visit the link for the full news article)




posted on Mar, 12 2009 @ 09:03 AM
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This is getting beyond ridiculous.

Our country is falling apart, and this administration wants to "print" more money to send to the IMF to help other countries that are in trouble.

I wish they would focus on fixing our country before trying to fix other countries. We have enough problems of our own without taking on the problems of others as well.

:shk:

www.msnbc.msn.com
(visit the link for the full news article)



posted on Mar, 12 2009 @ 09:36 AM
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Can someone please take this Geithner dude, and just, admit him into a mental institution or something?

He even looks unstable. Or constipated. Or both.

Ok, if i must, i will settle for just firing him. Not that it matters. But hey we can start somewhere.



posted on Mar, 12 2009 @ 09:42 AM
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Mmmmm! Maybe these other countries owe big money to the banks so need bailing out so they can satisfy the banking industry creditors. It's sure as hell not to benefit the citizens of those countries.

Not that they could just come right out and say where the money would end up.



posted on Mar, 12 2009 @ 09:49 AM
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You have to understand that the Treasury Department Secretary is the Puppet of the Federal Reserve banking cartel they cater to the global elite banking system.

Is not reason why he will be asking for the bail out of emerging economies because as we know the global elite wealth depend on them as they are the last investment projects they has taken.

Now that this emerging economies are losing money due to the global Crisis so the money generated is drying out.

This should not be a surprise at all.

The only problem is that the European nations already said that they will not invest anymore money into any more stimulus at all.

So is American the generous thanks to the generosity of the corrupted federal Reserve to come out with another stimulus just to satisfy the global elites that they serve?

How much more we the people will take until we brake the power of that mobster call Federal Reserve?



posted on Mar, 12 2009 @ 09:52 AM
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America's biggest mistake since the end of WW2 is spending too much time trying to fix other peoples problems and not enough time trying to fix your own. Surely there is some middle ground between isolationalist and interventionist. I remember just a few days ago watching the news and seeing American's living in tent cities. When this kind of poverty exists, even if a small scale, it's time to start looking after your own before worrying about anyone else.

I don't buy into the idea that doing this will have some flowback to the average American down the road. The only people who will benefit is the people holding these loans the governments are making to pay for this - bankers. As long as there are hard working people to bleed dry through taxes to support the borrowing and interest repayments they continue these practises.




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