The New World Order: Is bush tripping?

Discussion in 'General Discussion' started by rtwngAvngr, Sep 14, 2005.

  1. rtwngAvngr
    Offline

    rtwngAvngr Guest

    Joined:
    Jan 5, 2004
    Messages:
    15,755
    Thanks Received:
    511
    Trophy Points:
    48
    Ratings:
    +511
    Im watching Bush on tv and he's talking forgiving loans, issues grants instead of loans, redistributing the world's wealth, basically.


    Wow. Now he just talked about eliminatign all tariffs globally, that's cool.

    Interesting speech. Definitely. So far.
     
  2. rtwngAvngr
    Offline

    rtwngAvngr Guest

    Joined:
    Jan 5, 2004
    Messages:
    15,755
    Thanks Received:
    511
    Trophy Points:
    48
    Ratings:
    +511
    If loans from the IMF are forgiven, who takes the loss?
     
  3. Nuc
    Offline

    Nuc Senior Member

    Joined:
    Jul 10, 2005
    Messages:
    2,377
    Thanks Received:
    140
    Trophy Points:
    48
    Location:
    Sydney, Australia
    Ratings:
    +141
    That's commie/lib stuff. Good thing he's not on this board or you guys would drill him a new one!
    :gay: :rock: :slap: :thup: :moon4:
     
  4. rtwngAvngr
    Offline

    rtwngAvngr Guest

    Joined:
    Jan 5, 2004
    Messages:
    15,755
    Thanks Received:
    511
    Trophy Points:
    48
    Ratings:
    +511
    I guess forgiving the loans is the smartest move politically, considering they were probably NEVER going to be paid back in the first place.
     
  5. Said1
    Offline

    Said1 VIP Member

    Joined:
    Jan 26, 2004
    Messages:
    12,087
    Thanks Received:
    937
    Trophy Points:
    83
    Location:
    Somewhere in Ontario
    Ratings:
    +937

    The Bank itself. The money comes from contributions from members, based on quotas. I think members are paid interest based on holdings (see Special Drawing Rights link). Although I'm not entirely sure what happens inthe case of debt relief, I think their interest payments might be affect somehow.

    http://www.imf.org/external/np/exr/facts/finfac.htm
     
  6. Said1
    Offline

    Said1 VIP Member

    Joined:
    Jan 26, 2004
    Messages:
    12,087
    Thanks Received:
    937
    Trophy Points:
    83
    Location:
    Somewhere in Ontario
    Ratings:
    +937

    They're almost like credit cards.....meet the minum payment (concessions) and your can raise you liimit! :rock:
     
  7. Nuc
    Offline

    Nuc Senior Member

    Joined:
    Jul 10, 2005
    Messages:
    2,377
    Thanks Received:
    140
    Trophy Points:
    48
    Location:
    Sydney, Australia
    Ratings:
    +141
    A dollar in the third world is worth a lot more than a dollar here. In the local economies those debts are staggering. Since they probably can't pay the debts back even if they want to, yeah.
     
  8. rtwngAvngr
    Offline

    rtwngAvngr Guest

    Joined:
    Jan 5, 2004
    Messages:
    15,755
    Thanks Received:
    511
    Trophy Points:
    48
    Ratings:
    +511
    I knew you would have leads on this one!

    You kick so much ass on such a consistent basis that it's nearly ridiculous!

    Thanx!
    :thewave:
     

Share This Page