Britain should not fear asking for IMF cash

This line from the article cracked me up:

“The G20 agreed this week to establish a new scheme, controlled by the IMF, which countries of all backgrounds can go to if they are experiencing financial problems.”

Think about it! The G20 (which by the way includes the UK) sets up a “scheme”. Nobody could possibly improve on this choice of words for this crock full of of circular logic shit whereby contributors are the first targeted beneficiaries.

Other than that, the IMF are also the clowns that make use of “Special Drawing Rights” (SDR) that some moron politicians are now suggesting we should use as a global currency… presumably within the framework of some a New World Order or, Fascism by any other name.

http://www.telegraph.co.uk/finance/financetopics/financialcrisis/5101950/Britain-should-not-fear-asking-for-IMF-cash.html

Advertisements

Tags: bank reserves, boondoggle, consumer expenditure, credit, crisis, debt, deflation, deleveraging, fascism, federal reserve, fiat money, fractional reserve banking, gold, implosion, inflation, joblessness, leverage, mark to market, money multiplier, new world order, personal consumer expenditure, poverty, scandal, SDR, toxic assets, treasury, unemployment, war, white collar crime, world currency