Posted on 12/01/2010 10:08:33 AM PST by mojito
The United States would be ready to support the extension of the European Financial Stability Facility via an extra commitment of money from the International Monetary Fund, a U.S. official told Reuters on Wednesday.
"There are a lot of people talking about that. I think the European Commission has talked about that," said the U.S. official, commenting on enlarging the European stability fund. "It is up to the Europeans. We will certainly support using the IMF in these circumstances."
"There are obviously some severe market problems," said the official, speaking on condition of anonymity.
[....]
The IMF, whose biggest single shareholder is the United States, has now contributed 250 billion euros or one third of the EFSF financial rescue mechanism.
(Excerpt) Read more at reuters.com ...
Hey. You are being unfair. The $$$$$ is for Sharia.
Didn’t the American public vote for that?
OK, that settles it. I’ve been going Galt as much as possible with my spending. It’s time to do it with my income. They can’t tax what you don’t have.
At least, not yet.
Can't we all just enjoy this global Kumbaya moment?
Who cares! Dancing with the stars is on!
/s
Exactly. The Globalist elites who run BOTH political parties CONITNUE to rape America and Americans to support their mad dream of a world economy.
Yes! It will be like a modern day Marshall Plan.
They’ll have to take the money from my dead, cold fingers!
When is the pitchfork army due to arrive in DC. Hopefully soon.
In another time Americans would be revolting in the streets over this headline. Sadly most will not even know we are doing it.
Talk about Taxation without Representation.
That represents about $325 BILLION dollars of Americans' cash stashed away for the Third World and European Socialist states.
Will no one in Congress call out this un-Constitutional travesty? Can someone inform Sarah Palin or Beck?
It's a little early.
I'm watching HSN and eating Nachos in bed. LIFE IS GOOD!!
*eyeball roll*
Group hugs all around.
The IMF has been a huge NWO nose under the tent for years.
Zero accountability, and mostly our money.
I feel better already. Let’s share a Coke.
I am convinced the whole world economy is just one big house of cards.
Yea here we go again bailing out the banks/counter parties remember AIG and the money that went overseas? How shrewd they did it all over the world socialized the banks losses I don’t recall being given any of the banks profits or being asked if I wanted to fund their losses! Crooks the lot of them enslaving us with their debt!
Related
Guess Who’s Paying For The Greece Bailout? That’s Right — YOU
http://freerepublic.com/focus/f-news/2635201/posts
Here’s The Market Ticker Guy’s take on it...
“The ultimate problem with bailouts is that everyone seems to think there’s a free lunch. There isn’t. You can rob someone to pay someone else, but you can’t conjure up money from nowhere. But bailouts inherently wind up taxing the people who got robbed in the first place to pay off the people who made the bad bets and lost money. When it comes to bailing out banks it gets even worse due to the leverage involved - the banksters keep the money, including their salary and bonuses, while the people get robbed not only in the form of losses on their so-called “safe” investments but then again when they are taxed to fund the bailout!
There’s nothing like getting stuck up at gunpoint and not only losing the hold-up money but then being taxed a second time to pay for the robbery in which you were victimized!”
http://market-ticker.org/akcs-www?post=172991
Look at how they enslaved the Irish with the Banks debts almost $50,000 per household.
Ireland’s Fate Tied to Doomed Banks
Up to €50 billion—nearly $50,000 for every household in the Emerald Isle.
Read it all to see the lies of the banks and politicians!
http://online.wsj.com/article/SB10001424052748704506404575592360334457040.html
A failed banking sector that Ireland’s government can no longer rescue on its own. Ireland is in the midst of a real estate bust that could trump even the ruinous downturns that turned parts of southern California and Nevada into suburban ghost towns, with home-grown banks stoking it all. Now, those banks are trying to manage catastrophic losses. The Irish government has effectively nationalized the nation’s biggest banks by guaranteeing their debt, which would be akin to the U.S. government taking over Citigroup, Bank of America, J.P. Morgan Chase and Wells Fargo.
That means the Irish government is also on the hook for the losses those banks endure—which have risen far beyond initial estimates, and may have a lot farther to go. So far, the Irish government is obligated to cover losses amounting to 175 percent of Irish GDP
http://finance.yahoo.com/news/Why-the-Irish-Crisis-is-Going-usnews-4028366968.html?x=0
Ireland’s Debt Servitude
http://blogs.telegraph.co.uk/finance/ambroseevans-pritchard/100008812/irelands-debt-servitude/
Remember, folks -- when the story of the EU's bailout of Ireland first got legs a few weeks ago, the strongest voices of opposition came from those (including many here on FreeRepublic) who were concerned about the threat to Ireland's sovereignty as a nation.
Perhaps one thing worse than being a taxpayer in one country that is bailing out another . . . is being a taxpayer in the country that is being bailed out.
I love these stories accredited to A. Nony Mous squeakin’ to Rooter’s NOT to tell anyone who they are.
Reuters: “Credibility is Job One” /S
Truth is I believe it, because of the stupidity of it. It’s like a pair of shoes that matches the suit of the Obama administration.
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