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View Full Version : IMF Seeking To Raise 600 Billion in New Resources.....



MMC
01-18-2012, 08:24 AM
WASHINGTON (Reuters) - The International Monetary Fund is estimating it needs to raise up to $600 billion in new resources to lend to countries struggling with the fallout from the euro zone debt crisis, IMF sources said on Wednesday.

The IMF also estimated there a $1 trillion global financing gap over the next two years if global economic conditions worsened considerably, the sources added.....snip~

http://news.yahoo.com/imf-seeking-raise-600-billion-resources-imf-sources-125432733.html

This is being reported as that the IMF will come up with a Trillion dollars to cover what it is taking place with Europe. It is an outright Lie. The IMF does not have the money. They tried to get it from China with Czarkosy of France. The Chinese turned them down. Then the Brits.....Hats off to them for saying NO in giving additional funds to the IMF or the ECB. :yo2: The Germans won't cover the Greek debt. There is no expected growth for most of these European Countries. Giving out these loans has not solved the problem and has opened the stronger Countries to become weaker.

The Question comes in with why shouldn't we let these governments and countries fail? Why throw money in with the sinking ship?

Conley
01-18-2012, 10:58 AM
Where the h e double hockey sticks are they going to get a trillion dollars? This is just going to be new debt layered on top of the old?