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To: Kackikat
We now have only 1 vote in this new G20/IMF agreement, yet we provide 40-50% of world's economy

We have a lot more votes than that. The agreement to fund IMF is a win for us, it means a stronger dollar and more U.S. control of the world's economy. Without it, the Fed would have to print on their own (along with UK and a handful of others). With it, they can force everyone else to print including the IMF itself (250B in SDR's).

The bottom line is we can inflate and monetize debt and the world will have to go along with it and inflate other currencies which will keep the dollar from tanking.

8 posted on 04/03/2009 11:55:07 AM PDT by palmer (Cooperating with Obama = helping him extend the depression and implement socialism.)
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To: palmer

You believe that if you want, but this move has terrible consequences spiritually down the road. Enough said.


9 posted on 04/03/2009 11:58:27 AM PDT by Kackikat (It isn''t over till it's over, and it s not over yet.....when the TRUMPET sounds I'll be gone...)
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