Posted on 12/01/2010 10:08:33 AM PST by mojito
The United States would be ready to support the extension of the European Financial Stability Facility via an extra commitment of money from the International Monetary Fund, a U.S. official told Reuters on Wednesday.
"There are a lot of people talking about that. I think the European Commission has talked about that," said the U.S. official, commenting on enlarging the European stability fund. "It is up to the Europeans. We will certainly support using the IMF in these circumstances."
"There are obviously some severe market problems," said the official, speaking on condition of anonymity.
[....]
The IMF, whose biggest single shareholder is the United States, has now contributed 250 billion euros or one third of the EFSF financial rescue mechanism.
(Excerpt) Read more at reuters.com ...
I think there may be constitutional problems, as the Constitution gives the US Congress the sole authority to raise federal revenues and determine how they are spent.
Also, as they’re written now, states have the option of opting out of a lot of federal programs, but they almost never do because everyone wants on the federal dollars gravy train.
I do not have a response to your information, for I will admit, I am not the sharpest tool in the tool box. In fact I would say I am quite dull.
Perhaps someone else can respond with information which could bear fruit. I do think your last paragraph is correct and 'on the money' though, as well as your first paragraph. Thank You!
One world currency= one world gubbamint.
I urge all Freepers to consider moving to Texas or at least to the south. Once again Southerners are being forced to make a choice between federal and states rights. This time however, we can make our choice with a clear conscienece.
Support the 10th amendment and all Governers who defend their people against tyranny.
If this is the case, the USA should be BUYING some nations and definitly some islands.
The globalist have succeeded in shipping good paying manufacturing overseas.
While the middle class continues to shrink here at home and our purchasing power fades away, a whole new consumer class is being groomed abroad.
Hundreds of millions of Chinese and Indian “potential” consumers are up for grabs.
As the standard of living for the average Chinese / Indian worker increases, so too does their buying power.
It's all pretty clear as to why multi-national corporations were so eager to relocate American jobs.
Little regulation, worker safety standards, environmental standards, low wages, new consumer class.
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