[Alberta's Child]

After reading this story, I'm thinking it's actually the other way around. The whole purpose of having a currency stability fund like this is that it enables the "host" organization (the IMF, with the U.S. as its largest contributor) to manipulate the currency of the "recipient" organization (in this case, the entire European Union).

Remember, folks -- when the story of the EU's bailout of Ireland first got legs a few weeks ago, the strongest voices of opposition came from those (including many here on FreeRepublic) who were concerned about the threat to Ireland's sovereignty as a nation.

Perhaps one thing worse than being a taxpayer in one country that is bailing out another . . . is being a taxpayer in the country that is being bailed out.

[WOBBLY BOB]

One world currency= one world gubbamint.