IMF : give us more money so we can bailout bankrupt countries in Europe

Yeah what about the IMF goes to hell?

Christine Lagarde: IMF may need billions in extra funding

Christine Lagarde has signalled that the International Monetary Fund (IMF) may have to tap its members – including Britain – for billions of pounds of extra funding to stem the European debt crisis.

The head of the IMF has warned that its $384bn (£248bn) war chest designed as an emergency bail-out fund is inadequate to deliver the scale of the support required by troubled states.

In a document distributed to the IMF steering committee at the weekend, Ms Lagarde said: "The fund's credibility, and hence effectiveness, rests on its perceived capacity to cope with worst-casescenarios. Our lending capacity of almost $400bn looks comfortable today, but pales in comparison with the potential financing needs of vulnerable countries and crisis bystanders."

The IMF wants more money... from who?

United States : 17.72% of IMF funding
Japan : 6.57% of IMF funding
Germany : 6.13% of IMF funding
United Kingdom 4.52% of IMF funding
France 4.52% of IMF funding
China 4.01% of IMF funding
Italy 3.32% of IMF funding
Saudi Arabia 2.94% of IMF funding
Canada 2.68% of IMF funding
Russia 2.5% of IMF funding
India 2.45% of IMF funding
Netherlands 2.17% of IMF funding
Belgium 1.94% of IMF funding
Brazil 1.79% of IMF funding
Spain 1.69% of IMF funding
Mexico 1.52% of IMF funding
Switzerland 1.45% of IMF funding
South Korea 1.42% of IMF funding
Australia 1.36% of IMF funding
Venezuela 1.12% of IMF funding

Ironic that most of these countries funding the IMF either need money from the IMF or will need money from the IMF in the near future... or they basically cannot waste money giving it to the IMF.

Anyway, as always, the US and Germany will pay most of the bailouts once again. Weird that Japan, which is basically the most bankrupt country in the world with 250%+ of GDP in debt, is the second bigger donor to the IMF...

Let the euro fail, don't bail them out.

It certainly seems like a very fragile condition

however my crystal ball says they will prop the house of cards up yet again with another run of the printing press and make more money appear out of thin air

they cant afford for the wheels to fall off just yet - and it is amazing the lengths they go to in order to stave off the inevitable

bailouts or not, the Euro will fail.
These bailouts aren't solving anything, they're just delaying the inevitable.

I think the palatable (or rather sick) term they use is 'leverage'. Like when you borrow 250k, you put down a 5% deposit of 12.5k to get that extra 237.5k to play with. But there's the interest on that that has to be paid. This is how I understand they wish to raise some 2 Trillion Euros (or USD can't recall).

where do they come up with this money. the world is in a global recession because the banks and investment sector acquire and hold all the worlds currency.

it's just sitting there doing nothing. banks should be nationalized, all employees under government supervision and all profits funnelled back to the economy.

How is everyone bailing each other out not worse than "Socialism"...



And I don't mean socialism as in the Canadian or Dutch model, I mean it in the context that people use to demonize the platform...

There is ample amounts of "Socialist" or "Socialism" rhetoric these days, where are those people when this stuff happens?

Ah.....

I thought the IMF is a source of the PROBLEM in the first place ?

Now they want more fuel for their high interest loan bon-fire ?

Wake-UP call.........

Time for a Tax-revoltMoratorium !

If you are a believer in the NWO and the shadow government, you might consider the possibility that the world wide failure of the U.S. dollar and the Euro at the same time would be an excellent opportunity for those in the right position to quietly start buying more bankrupt corporations. When I say corporations, I am referring to the fact that the system of government in most countries are corporations. If there was to be a grandiose scheme to solidify power and come out into the open it would seem that this would be an excellent backdrop. Extreme ideas aside, yes, I too agree that the propping up of the Eurozone will continue, just as the U.S. heavily financed the rebuild after WWII. The difference this time is that the U.S. does not have the growth of it's industrial complex to fuel and pay for the investment. The Chinese are better suited for the investment at this time, which is an of itself a somewhat scary proposition. Too big to fail will not be vocalized in the theatrical media, but you can bet it still rings in every financier's head from Seattle to Beijing and all points in between.

This is ridiculous, outrageous, and criminal. This dame wants to keep her perks, her clout, and her inflated salary by bilking the taxpayers of taxpaying, working countries to bail out the indolent, foul-mouth Greek unions who want to retire at fifty on our dough.
You don't have to be a Socrates to know the answer: cut them off, tell them to learn self-reliance and responsibility, and to pay for their frivolity. Not one penny more!
And get our money back from the IMF and close the crony factory that it has become. Let's just learn to live within our means.

So who's gonna bail out Greece? Then who's gonna bail out Italy and Spain? Then who's gonna bail out Europe? Then who's gonna bail out the US? Then who's gonna bail out China? Then who's gonna bail out the IMF? Then who's gonna bail out who's? Then who's gonna bail out the whole wide world!!!!???

Originally posted by surrealist
So who's gonna bail out Greece? Then who's gonna bail out Italy and Spain? Then who's gonna bail out Europe? Then who's gonna bail out the US? Then who's gonna bail out China? Then who's gonna bail out the IMF? Then who's gonna bail out who's? Then who's gonna bail out the whole wide world!!!!???

The Democratic Republic of Congo?

At least one sane person in the house...

McMorris Rodgers Reacts to IMF Director's Comment on Need for More U.S. Tax Money for European Bailouts

U.S. Has Already Contributed $100 Billion + to Bailouts;
“We Cannot Take the ‘Too Big to Fail’ Philosophy to a Global Level”

And she lays it out :

The global debt crisis was caused by too much spending and borrowing and that crisis will not be solved by more spending and borrowing. We cannot take the ‘too big to fail’ philosophy to a global level.

+1

[middle finger up to IMF and EVERY international organisation including W.H.O. They are all dictatorships, arse kissers of the power elites, and inefficient fools. STOP ENSLAVING MANKIND!]

[/end middle finger]

Hi!
Second line. :-P

Looks like China is likely to come to the rescue of the European debt crisis.
www.cnn.com...
globalpublicsquare.blogs.cnn.com...

Seems that China has something like 3.2 Trillion dollars in IOUs from countries it trades with. Europe is about 25% of that sum. The recommendation is that China would contribute about 200 Billion of those IOUs back to Europe as part of a "rescue package."
That seems really odd. China is loaning money, that is essentially in the form of an IOU, back to the countries who wrote those IOUs.

Financial shenanigans again. And of course China will expect something in return. They aren't stupid. They look to leverage more control over the IMF, perhaps even providing the next head of the IMF.

How and when did China become such a player in the NWO? Who invited them to the dance? They wouldn't have been considered 100 or 50 or even 30 years ago, to be a player in the game.
Now it looks like they could become a very big player, perhaps the biggest?

The Vatican seems to be in full agreement with the creation of some supranational government (NWO).
www.news.va...
This just blows my mind...can the Vatican be so blind to interepretation of Scripture regarding the end times?