"IMF likely to need more money for its bailout fund
LONDON (AP) — With Iceland, Pakistan, Hungary and Ukraine already clamoring for mountains of cash aid, the $250 billion set aside by the International Monetary Fund to help struggling nations through the economic crisis is beginning to look puny.
$250 BILLION is PUNY, huh? No wonder the TRILLION DOLLAR GIVEAWAYS haven't worked!
China and oil-rich Persian Gulf states should fund the bulk of a major boost in the IMF's bailout pot, Gordon Brown, the British prime minister who has burnished his reputation by taking the lead on the financial meltdown, said Tuesday.
Why? Did THEY CREATE the PROBLEM?
Those countries have the largest currency reserves and therefore should do the most, Brown said, without specifying how much more money should be added to the fund for helping nations whose banking systems and currencies are being battered.
So then the ELITE RICH should pay MORE in TAXES, right, Gordo?
"We must act now. We must set up the fund as quickly as possible," Brown told reporters before heading to Paris for further talks on the crisis with French President Nicolas Sarkozy.
There is your GLOBALIST URGENCY again -- which is the point where I say STOP!!
"I believe it is possible in a very short period of time to create an international fund that is strong enough to withstand these difficulties," Brown said. "It is in every nation's interest and in the interests of hard working families in our country and every country that financial contagion does not spread."
BULL... SHIT, Gordo!!
Chinese institutions held relatively little of the toxic subprime mortgage debt hobbling Western institutions and were thus largely unscathed by the collapse of the U.S. housing market. But as a major exporter it is exposed to slumping demand for its products abroad if the debt crisis causes a deep global recession.
Oh, I see: the Chinese were SMART about where they put THEIR MONEY so now they must pay for FAT-HOG GLOBALISTS and THEIR LOOTING MISMANAGEMENT!!
The ARROGANCE is ASTONISHING!!!
There was no immediate comment from the Chinese government, which has reported foreign currency reserves totaling $1.9 trillion as of the end of September.
And if they start DUMPING DOLLARS, it is GOODBYE, U.S. economy!
Speaking in Berlin, Bahrain's King Hamad bin Isa al-Khalifa didn't directly address Brown's call for the Persian Gulf to help but said the region was open to talks."
The Arab ain't stoo-pid; he knows not to bet on a LOSER!
Of course, China tosses the globalists' shit right back at them:
China says rich should fight warming
:-)
