Remember, the U.S. just this year approved $100 billion for the International Monetary Fund, which is helping pay for the bailout. If Europe taps its IMF credit line, we’ll pony up $50 billion at least. But it doesn’t end there. The Fed has made available an unspecified amount of dollars to euro borrowers at low interest rates. We’re printing even more dollars to clean up Europe’s mess.
Post Tagged with: "IMF"
May 10, 2010 04:15
Hedge Funds Spark World Revolution
The Marxists used to be the experts in exploiting human suffering for the purposes of sparking revolution. But the hedge funds are doing better than the Marxists.
May 9, 2010 19:41
AMB. JOHN BOLTON: We Shouldn’t Rescue Europe
What we’re seeing in Greece is a European problem and it should not be solved by the United States.
May 8, 2010 15:49
U.S. taxpayers are helping finance Greek bailout
Congress didn’t learn their lesson after the $700 billion failed bank bailout and let world leaders shake down U.S taxpayers for international bailout money at the G-20 conference in April 2009. G-20 Finance Ministers and Central Bank Governors asked the United States, the IMF’s largest contributor, for a whopping $108 billion to rescue bankers around the world and the Obama Administration quickly obliged.
May 7, 2010 16:59
Currency crisis – ‘Greece is just the beginning’
Ron Paul on how the Greek financial crisis effects the US
May 7, 2010 15:14
Will Greek unions get your tax dollars?
The bailout of debt-ridden Greece has now morphed into the ongoing saga of our own government’s penchant to bail out any and every well-connected entity with an extended hand.
May 6, 2010 09:08
The Greek Contagion Spreads
As of the end of 2009, European banks hold claims of $193 billion on Greece and more than $1 trillion of further claims on Portugal, Ireland and Spain.
May 6, 2010 04:27
U.S. taxpayers are helping finance Greek bailout
by Sen. Jim DeMint
G-20 Finance Ministers and Central Bank Governors asked the United States, the IMF’s largest contributor, for a whopping $108 billion to rescue bankers around the world and the Obama Administration quickly obliged. The Democrat Congress, aided by a few Republicans, used a war spending bill to send bailout money to an international fund that’s partially-controlled by our enemies.
April 26, 2010 04:03
Obama administration continues push for ‘global’ rules which would require global taxes
The US is preparing to pivot from domestic regulatory reform to a push for a tough new international capital regime after the weekend’s G20 and International Monetary Fund meetings glossed over differences between leading economies.
February 25, 2010 16:48
Bernanke delivers warning on U.S. debt -Stage is set in U.S. for a Greek tragedy
With uncharacteristic bluntness, Federal Reserve Chairman Ben S. Bernanke warned Congress on Wednesday that the United States could soon face a debt crisis like the one in Greece, and declared that the central bank will not help legislators by printing money to pay for the ballooning federal debt.
