Fed May Give Loans To IMF To Help Euro Zone...

Discussion in 'Politics' started by paulitician, Dec 5, 2011.

  1. paulitician
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    paulitician Platinum Member Supporting Member

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    More Foreign Bailouts? Sure why not? It's not their money. It's only the American Taxpayers' money. The Fed is so out of control. No accountability at all.


    The Federal Reserve, along with the 17 euro zone national central banks, may help provide the International Monetary Fund with funds that could be used to aid debt-ridden states, a German newspaper said.

    Die Welt cited sources close to the negotiations as saying the euro zone central banks could pay at least 100 billion euros ($134.2 billion) into a special fund that could be used for programs for nations struggling to control their debts.

    "Also other central banks, for example the U.S. Federal Reserve, are apparently prepared to finance a part of the costs," the paper said in an advance copy of an article to appear on Monday.

    Treasury Secretary Timothy Geithner may discuss the idea in the coming weeks when he visits Europe, the paper said.

    Officials had said on Saturday that talks on the size of loans from euro zone central banks were starting at a technical level after finance ministers from the currency union gave the go-ahead to explore the idea.

    http://www.reuters.com/article/2011/12/04/us-eurozone-imf-fed-idUSTRE7B30X320111204
    http://drudgereport.com/
     
    Last edited: Dec 5, 2011
  2. occupied
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    occupied Gold Member

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    Of course they will, if the Euro collapses it will take everyone with it. I don't like any of this bailout shit but what else are we going to do? Fiddle while Rome literally burns?
     
  3. editec
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    editec Mr. Forgot-it-All

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    They're scambling to deal with the flight of capital out of the Euro.
     
  4. WillowTree
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    WillowTree Diamond Member

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    printing fake money to get out of debt is a disaster waiting to happen. It happened to Germany. Why the hell do you think Germany wants no part of this shit? Get a clue.
     
  5. KissMy
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    KissMy Free Breast Exam

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    I would love to see all these crony governments & bankers burn. At least the rest of us can pick our selves up & go on without having to support these obese economic tumors after the collapse.
     
  6. Sundial
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    Sundial Class Warrior

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    The Fed lends money. It doesn't come from taxpayers.
     
  7. ScreamingEagle
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    ScreamingEagle Gold Member

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    who is going to bailout the US.....?
     
  8. paulitician
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    paulitician Platinum Member Supporting Member

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    The bigger point is that the Fed answers to no one. Taxpayers have no say in anything they do. They're a corrupt all-powerful secret banking entity at this point.
     
  9. KissMy
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    KissMy Free Breast Exam

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    The world that uses the US dollar for trade & reserves, savers & US bond holders will bailout the US by losing the value of their savings.
     
  10. LibertyForAll
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    LibertyForAll Senior Member

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    The fed also prints money which lowers the value of the dollar which means my dollars will not buy what they used to and is the equivalent to an unlegislated tax hike since I have effectively less money than I had before.

    So where does the money come from again?
     
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