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IMF to Become Earth’s Central Bank?

by ThePete 4:55 pm 2008-10-31

A few days ago, Twitter user SRivera posted a link to an article at Telegraph.co.uk:

IMF may need to “print money” as crisis spreads
The International Monetary Fund may soon lack the money to bail out an ever growing list of countries crumbling across Eastern Europe, Latin America, Africa, and parts of Asia, raising concerns that it will have to tap taxpayers in Western countries for a capital infusion or resort to the nuclear option of printing its own money.

Yeah, that’s right, the IMF might have to print its own money. Here’s a bit from that article:

The IMF, led by Dominique Strauss-Kahn, has the power to raise money on the capital markets by issuing `AAA’ bonds under its own name. It has never resorted to this option, preferring to tap members states for deposits.

The nuclear option is to print money by issuing Special Drawing Rights, in effect acting as if it were the world’s central bank. This was done briefly after the fall of the Soviet Union but has never been used as systematic tool of policy to head off a global financial crisis.

“The IMF can in theory create liquidity like a central bank,” said an informed source. “There are a lot of ideas kicking around.”

Yeah–and conspiracy folks thought we’d be seeing the “Amero” before the NWO fully kicked in, but if suddenly the IMF becomes the “Federal Reserve” of planet Earth, that’d kinda remove economic sovereignty (at a basic level, at least) away from each nation.

First Globalism, now… Galactism?

I wonder if aliens believe in the free market…

Another US Bank to Crumble?

by ThePete 6:00 pm 2008-08-19
utterz-image
Weee! It’s so hard to not be cynical when things just keep getting worse.

So, the above is a screencap of an article capped just moments ago at http://timesonline.co.uk/ and it talks about how an ex-IMF guy (that’s International Monetary Fund, not Impossible Mission Force) says that another US bank is about to tank and that the US economic crisis is only half over.

The Fed and the USG have been trying for months (years?) to get this thing under control and this guys says it’s only half over?

Half over???

All I feel like saying to that is…

Weeeeee!

(You know, it’s like that feeling you get when you’re on a roller coaster that is hurling toward the ground!)

Mobile post sent by thepete using Utterzreply-count Replies.

TheBlurb: "How can one talk about life without saying sometime it's going to end? It makes the value of life all the more precious."
updated on 11/01/08 14:45:18 Change it! Archives