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IMF warns of US default if deal is not reached

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posted on Jun, 29 2011 @ 02:00 PM
reply to post by 547000

Your not supposed to pay it, you are supposed to service it, forever.

A loan shark doesn't want you to pay off the loan. :-)

posted on Jun, 29 2011 @ 02:17 PM
Greece finally voted in an austerity plan after months and months of threats of default. The US stock markets responded by breaking out of the long slide they have been in, possibly headed for a 50% price retracement.

Theoretically the longer the politicians hold the line against a budget ceiling increase the more time they have to work out a fairer plan. Politics being what they are who knows how this will play out, but as Greece has shown us even months of threats of default don't effect things much.

posted on Jun, 29 2011 @ 03:12 PM
reply to post by Bordon81

The politics in Greece voted for the measure, but now we have to see if the people in Greece will go along with it, or if the country will fall into chaos and overturn the government.

The only ones that will benefit for the indebtedness of Greece is all those sharks that has been part of the Greece messy economy no the people.

posted on Jun, 29 2011 @ 04:27 PM
No no no...

You guys have it all wrong.
The chess game will play out this way:

IMF places the US into default.
Right about that time, coincidentally, civil war will break out in Greece, Libya and Syria will announce open threats and NATO will cross the border from Turkey into Syria. Iran and Russia will get pissed and move into fighting mode. China will threaten to join in with Russia, Israel will threaten to pounce on Syria, and the US will move more troops into Libya and Syria. The US allies Britain and Canada will prepare for backup operations, while France chomps at the bit whether or not they want to get involved with another stupid fight.

And there we'll have it folks, a full scale all out rock-em-sock long overdue world war.

Knight takes Queen.

Country gone into debt with a threat of economic collapse ?
No problem !
Dial 1-800-START-WAR

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posted on Jun, 30 2011 @ 12:48 AM
reply to post by Mdv2

IMF was created as the back bone of the one world order economy, countries such as Libya which opposed it, and the new Egyptian military council, and the Greek population, the Afghan Taliban, these places you will see more and more unrest, until they bow down to the order.

They are trying to create one economy with illusionary electronic wealth. Dollar is suppose to be the World Order currency, China I think has a position in the order, so does Russia. It isn't surprising, China and Russia were in the One World Order, hence the Security Council. They have been given higher authority, and the next phase, their will be even higher authority. The only forces who were fighting against this enforced One World Order was the Mujahideen, the same Mujahideen who fought USSR and caused its collapse, are now fighting US.

The above is my opinion.

posted on Jun, 30 2011 @ 02:12 AM
To hell with it all, lets pull a Greece, burn it all down and start over.....or at least turn it into something useful like free parking.

edit on 30-6-2011 by Castogere because: (no reason given)

posted on Jun, 30 2011 @ 02:18 AM
I think this can be best summed up as "lolwhut?"

The US owns the IMF. Nothing happens in the IMF, no loan is granted, no defaults declared, nothing, unless the Us says "this happens." This is because the votes each IMF member has is decided by how much money it has invested in the IMF; and currently, the United States owns enough such votes that it can veto with a supermajority.

So I just have to wonder, what the F is this article talking about?

posted on Jun, 30 2011 @ 07:40 AM
reply to post by TheWalkingFox

You got it almost right there my friend, the votes are majority from the EU but the money to be disburse is US funded money, so actually you are right the votes means nothing without US funding.

So US can withhold on the IMF whenever it feels is not in its best interest and we know to whom US is catering when using tax payer dollars to loans.

The last big fund of billions was last year so far Obama is trying to get another fund for this year for Greece, because if Greece default 3 major banks in the US are going to get the hit, but the government has been downplaying this fact, still Bernanke in his last interview could not deny involvement.

So it seems that every time the US fund the IMF to help falling nations is because if the don't we will get the hit as our corporate terrorist are into almost every economy in the world reaping profits at the expenses of the populations.

Kind of slavery if you tell me, the more money is loan to nations in need the more the IMF and US own them.

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