Breaking!: The IMF just got way bigger: an indicator of things to come?

This story is from Reuters today, but I also just watched it on TV (on NHK World):

WASHINGTON, April 19 (Reuters) - The International Monetary Fund is likely to achieve the touted $400 billion boost to its financial firepower as more countries signalled readiness to contribute funds, Japan's finance minister said, in a sign the G20 has made progress in building up a global firewall to contain the euro zone debt crisis.

The IMF may even manage to collect more than the $400 billion target when including countries that cannot make a firm commitment now but are willing to contribute later, Jun Azumi told reporters after attending the Group of Seven and Group of 20 gatherings in Washington on Thursday

www.reuters.com...

Woah! Is this an indicator that something will happen soon? The IMF gets a big boost, whilst the EU and the the US economy are in dire straits. Will the EU or US economy crash very soon, only to be bailed out by the IMF?

Does anyone have another take on this?

One world currency -- new world order. Here we go...

I think the bailout is a band-aid solution.

The problem in the US can be solved with reducing monies spent on military and increasing investment on infrastructure. It will take time but it can be solved without US citizens losing SS or medical(what little they have anyway)

Europe is a whole different kettle of fish. Social security is keeping the publics head above water but it is crippling the governments treasuries.

I think that foreign diplomats/officials should be pushing for better working conditions in countries like China, India, Mexico, Taiwan, etc. This will gently force there prices higher and allow European and American business's to compete on the global market.

you know why the united states if $15 trillion in debt. it's because it never pays it back.

meanwhile, international bankers loan corrupt governments billions of dollars knowing full well it'll end up back to them in swiss bank accounts, and when they eventually default, they bankrupt the nation with sanctions or war.

the united states runs this racket, that's why it can be $100 trillion in debt and it will have little to no effect on the value of it's currency or the economy, despite what you hear the talking heads say.

Originally posted by chemistry
This story is from Reuters today, but I also just watched it on TV (on NHK World):


Woah! Is this an indicator that something will happen soon? The IMF gets a big boost, whilst the EU and the the US economy are in dire straits. Will the EU or US economy crash very soon, only to be bailed out by the IMF?

Does anyone have another take on this?

edit on 19-4-2012 by chemistry because: link

edit on 19-4-2012 by chemistry because: grammar

Yes, the IMF is getting an injection of cash so they can help bail out Europe.

There is nothing secretive abut it. it is even pointed out in the article you cite:

The global lender's bid to win a big boost in funding to handle the euro-zone debt crisis

The only way to solve the debt problem is for inflation to sky rocket, so they will keep printing money to get it started, once it gets going they won't be able to stop it so then intrust will rise, but America will be the last to feel the pain.
Then all there hard assets will go up in hyper value.
All the loans will be worth less, but now it takes 50.00 a Gal. for gas and 65.00 for a loaf of bread.
The Fed. Res. does not care because they make there money off of intrust from the money they print out of thin air.

The IMF got raided pretty bad when the G20 took control from the IMF a year or two ago, there was not much left in the kitty. It is good to see that they are doing something right to get things building back up again.

Its just QE3 without the QE3 label. They will vent it in sections so they dont have to group it into 1 package so its such a spike on the radar. Oil goes up, commodities, etc, inflation