woody with a view - 6-16-2012 at 02:58 PM
LOS CABOS, Mexico (Reuters) - Mexican President Felipe Calderon said on Saturday he thinks it is possible that the G20 members' contributions to the
International Monetary Fund will exceed $430 billion.
"I estimate that it could be a bigger capitalization" than was agreed in April, Calderon told reporters. The G20 is meeting here next week.
In April, the IMF said it had secured at least $430 billion to increase its firepower, but many countries such as Brazil, China, Russia and Mexico
itself have not yet said what specific amount they will contribute.
(Reporting by Krista Hughes; Editing by Jackie Frank)
http://finance.yahoo.com/news/calderon-g20-could-contribute-...
gnukid - 6-16-2012 at 04:41 PM
Consider IMF a debt creator, they make deals with leaders and create massive debt with interest that can never possibly be paid back, not too
different from a loan shark. You take the loan and you eventually lose everything, all property, all rights and the result is what you find in so many
land/mineral rich countries that are left in destitute poverty.
Consider reading about the IMF debt technique in the book Confessions of an Economic Hitman
http://www.democracynow.org/2004/11/9/confessions_of_an_econ...
DavidE - 6-16-2012 at 05:23 PM
Presidente Calderón had better not fork over anything significant because if the Méxican voters learn about it, the PAN might as well pack up and go
move in with Carlos Salinas de Gotari.