IMF mulls bank-failure insurance [attempts to revive UN global currency tax]

CBC ^ | 2009-10-02

[rabscuttle385]

The International Monetary Fund is open to a plan that would see banks contribute to an insurance policy against a future economic collapse, the agency revealed on Friday.

"Considering that the financial sector is creating a lot of systemic risk for the global economy," said the fund's managing director Dominique Strauss-Kahn, "it is just fair that such a sector would pay some part of its resources to help mitigate the risks that they are creating."

[rabscuttle385]

"it is just fair that such a sector would pay some part of its resources to help mitigate the risks that they are creating."

What about the risks that you as-hats are creating?

Government is clearly becoming the #1 source of systemic risk...and you want to make it bigger and take it global?!

[rabscuttle385]

*Ping!*

[Waco]

Speaking of a ‘’global currency’’ what it China, India, Russia and Japan revalued their money 1 for 10 or 20 and began coining their money in gold? Where does that leave the dollar? Play along and go along??