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IMF may run out of cash in six months
Andrew64
Posts: 425 Forumite
So who bails out the IMF if that happens?
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/4560897/IMF-may-run-out-of-cash-to-fight-crisis-in-six-months-Strauss-Khan-warns.html
"Dominique Strauss-Kahn said the Fund needed an urgent cash infusion if it was to continue bailing out troubled economies in the future. Mr Strauss-Kahn also indicated that the world's advanced economies were now tipping from recession into full-blown depression, cementing fears about the scale of the economic slump in rich nations."
"'Today, the IMF's resources are enough to face the situation but because we are facing a global crisis, the needs may be much bigger than previously,' he said. 'We have to intervene in Asia, Africa and Central Europe, Latin America, and maybe elsewhere. I can't promise that in six to eight months from now, we will have enough resources.'"
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/4560897/IMF-may-run-out-of-cash-to-fight-crisis-in-six-months-Strauss-Khan-warns.html
"Dominique Strauss-Kahn said the Fund needed an urgent cash infusion if it was to continue bailing out troubled economies in the future. Mr Strauss-Kahn also indicated that the world's advanced economies were now tipping from recession into full-blown depression, cementing fears about the scale of the economic slump in rich nations."
"'Today, the IMF's resources are enough to face the situation but because we are facing a global crisis, the needs may be much bigger than previously,' he said. 'We have to intervene in Asia, Africa and Central Europe, Latin America, and maybe elsewhere. I can't promise that in six to eight months from now, we will have enough resources.'"
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Comments
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Why don't we all just declare our selves bankrupt and start again? Not just you and I, but entire Countries and their Governments. It's only debt on paper after all
I am a Mortgage Consultant and don't like to be told what I can and can't put in a signature so long as it's legal and truthful.0 -
This is getting scary because i believe at one stage we will need to go to the imf....what now?It is nice to see the value of your house going up'' Why ?
Unless you are planning to sell up and not live anywhere, I can;t see the advantage.
If you are planning to upsize the new house will cost more.
If you are planning to downsize your new house will cost more than it should
If you are trying to buy your first house its almost impossible.0 -
OK, before it all starts getting too serious and we have to go cap in hand to MFI, we don't want them to be in the embarrassing position to have to say "We've got no cash", so can we all now tip our sofas upside down and check the pockets of the trousers in our laundry? We must be able to scrape something together.I am a Mortgage Consultant and don't like to be told what I can and can't put in a signature so long as it's legal and truthful.0
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Migth haev
I am a Mortgage Consultant and don't like to be told what I can and can't put in a signature so long as it's legal and truthful.0 -
So who bails out the IMF if that happens?
They'll have to do what everyone else would do:
1) Go cap in hand to the bank of Mum and Dad.
2) Get one of those 'pay day' loans
3) Get some of those little plastic bags from the bank and count up the spare change from that oversized whiskey bottle
4) Sell some of the office tat on eBay.
We'll be okay, one of the above always works out.0 -
They could hold a massive car Boot Sale. You might pick up a small Country for a tenner. Maybe a Continent for a hundred quid!I am a Mortgage Consultant and don't like to be told what I can and can't put in a signature so long as it's legal and truthful.0
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So who bails out the IMF if that happens?
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/4560897/IMF-may-run-out-of-cash-to-fight-crisis-in-six-months-Strauss-Khan-warns.html
I'm sure Gordon will be the first to hand out the taxpayers cash:mad:!!
"Flash, a-ah, saviour of the universe"0 -
New_Gold_Dream wrote: »Must admit cleaver it is a good job you are around, dull as dishwater this forum. Seemed a lot more livelier last summer.
I agree. I just don't know where this forum would be without my sh*te one liners and random gibberish.0 -
I agree. I just don't know where this forum would be without my sh*te one liners and random gibberish.
Well there's plenty of random sh*te and one line gibberish already on here, so I suppose yours is a bit novel I am a Mortgage Consultant and don't like to be told what I can and can't put in a signature so long as it's legal and truthful.0
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