US to help bailout Europe! OUTRAGE!

[Joanne98]

A "Who Is Who" Of Countries About To Fund The IMF's Bail Out Of Europe

When back in April we wrote about the huge expansion in the IMF's New Arrangement to Borrow (NAB) multilateral facility (which was expanded from $50 billion to over $550 billion), one of our observations was that "Funny money will galore. At this point nobody will allow anyone or anything to fail." And since all of Europe is about to be bailed out by the now insolvent ECB and the still somewhat solvent IMF, it strikes us as an opportune time to recall just who will bear the cost of this pan-European rescue. Surely, by now even idiots realize since the ECB is bailing out Europe, it is really bailing out itself, in a process described beautifully by Sean Corrigan recently, and any incremental money coming from ECB member countries will really go to themselves, and therefore its "new capital" contribution can be completely ignored. The same thing goes for European member countries of the IMF: that Ireland has pledged $2.9 billion to the IMF's NAB (not to mention Spain's $10.3 billion and Portugal's $3.4 billion) is late night comedy circuit fodder. Which is why it is not at all surprising that new capital will come from the US, Japan and China, in that order: the trio is about to spend over $250 billion (and soon much more) to rescue Club Med, as the Ponzi unwind shifts into a higher gear.

New, incremental sources of capital have been conveniently highlighted in the table below which lists the NAB participants and amounts pledged.

http://www.zerohedge.com/article/who-who-listing-countries-will-fund-imfs-bail-out-europe

[Autumn]

1. I'm having a hard time giving a flying fuck

what we do to bail out more fucking crooks. People here are suffering, stressing if they will make it to their next paycheck and the government does more of this shit. I think I'm out of outrage.

[muriel_volestrangler]

2. I can't work out if your capitalised 'outrage!' is sarcastic or not. Please clarify (nt)

[xchrom]

3. Recommend

[dkf]

4. What! Don't we want to fund their college tuition, health care and retirement benefits?

Aren't we thrilled when they protest over their cuts in services and demand they keep all their comforts?

Why shouldn't we fund them?

[girl gone mad]

7. You think the money is going to fund social welfare?

I've got some news for you.

When the IMF talks about "bailing out Europe", what they are really talking about is bailing out a few French and (mostly) German banks that speculated in the global real estate and asset bubbles. The loans that the IMF will give Europe to bail out the banks will have to be paid back, with interest, by the workers who you so snidely insult for protesting against this sham.

[tama]

5. who is who?

Pouring oil on nationalistic flames (oldest divide and conquer trick) is boring.

What really is happening that the ordinary little people - in Irish etc. case especially EU citizens - are forced to give their money to banks and banksters. Including and especially the Great Sauron, Goldman Sachs, which is a top debtor of Anglo Irish Bank that Irish state is bailing out and now rest of EU bailing out Irish state:

http://golemxiv-credo.blogspot.com/2010/10/who-are-bond-holders-we-are-bailing-out.html

It all boils down to banks robbing people and nature with aid of states. Everywhere. Ban banks, at least and to begin with the private ones creating money out of thin air and taking interest on thin air.

[barb162]

6. The US can't bail itself out let alone bail anyone else.

Things get crazier by the day.