Comments on: “Truman doctrine” could boost IMF firepower Thu, 21 Jul 2016 07:57:19 +0000 hourly 1 By: Benny Acosta Mon, 23 Mar 2009 13:54:08 +0000 As the common people of the various countries increase in their anger towards the situation; keep watch for Governments to start blaming external sources, and for sabers to start rattling.

These conditions make war an ever increasing possibility. Look to Russia and China. Iran will also seek to establish its influence more robustly. When the international blame game begins, war will no be far behind.

The wealthy are loosing their money. War will get the poor back to work. By having them both make the bullets in the factories, and catch them in the battlefield. These are interesting times we live in. And this is just the beginning.

By: Benny Acosta Mon, 23 Mar 2009 00:35:59 +0000 No one wants to forgive the debt. Too many greedy SOB’s that don’t want to cut back on their luxuries any more than they have to. They see the problem in the financial system as being more important than the the needless suffering of the vast majority.

Debt could, and indeed SHOULD be forgiven. But that would involve taking a loss. And only poor people do that. The ones in control of, or invested in the financial system, will do everything they can do to collect. Even if that means saddling your children and grandchildren with the debt needed to pay these deadbeats off.

It’s sad that in over five thousand years of recorded history, we still haven’t learned how to simply cooperate to solve problems without trying to serve personal interests first.

This whole system collapse demonstrates our perpetual lack of honor. And still we refuse do what is right.

By: Anubis Fri, 20 Mar 2009 14:36:30 +0000 Thomas Paine penned a forceful argument for the colonies to seek independence 234 years ago. One of the principal arguments for severing ties with the British Crown was the Central Bank of England. The Colonists were opposed to a central banking system for the perceived if not real harm caused to the economic well being of the colonies by the credit manipulation of the money supply. As now the central bank way back then was acting in the interest of large financial interests and probably incompetently so.

Steven Langston, your claim that the IMF hands out money to the criminals of the world, in my view is accurate. I would further submit that close scrutiny of the relationship between the Federal Reserve Board, Treasury and the U.S. banking system would be viewed with equal suspicion.

By: Baron von Lufthoven Fri, 20 Mar 2009 09:09:22 +0000 Why doesn’t the IMF allow the 3,217 tonnes of gold held in their reserves to float at modern market prices? It is currently priced at $42 a troy ounce – a price that was fixed in 1971 just before the Nixon administration officially delinked the USD from the Gold Standard.

I couldn’t believe it when I read a news wire story a month and a half ago about UK Prime Minister Gordon Brown travelling to the Saudi Arabia with Top Hat in hand asking the House of Saud to donate to the IMF.


“Truman’s idea — a one-off $250 billion allocation of Special Drawing Rights to IMF member states — looks like the quickest way to put a safety net under developing countries and avert financial contagion.”

Harry Truman may have dropped the Atomic bomb, but this Truman wants to drop an economic bomb. The FED already conducts such services with central banks world-wide through its Commercial Paper Funding Facility, Term Auction Facility and it’s Commercial Paper Funding Facility.

Why establish a new Global Currency? Maybe thats why the IMF won’t float it’s gold on the markets.

Where is my tin foil hat…it’s around here somewhere…

By: RR Thu, 19 Mar 2009 14:01:14 +0000 There is no logical way all this idiocy can be chalked up as accidental. These people know what they’re doing and there’s much more going on here than “just” money. To avoid the “conspiracy theorist” tag ask any Harvard economic “expert” if the national debt can EVER be paid off – it can’t. The simple reason being that the SOURCE of our money the (illegal) “Federal” “Reserve” is the same as the ones we OWE (lately add in the Chinese, Saudi, etc. bond holders but the fiat dollars to pay them utlimately must come from the “Fed”). Again so blatantly stupid it CANNOT be an accident.

By: Dennis Jilesen Wed, 18 Mar 2009 17:03:17 +0000 Forgiving $250 billion in existing debt would not have the needed effect. This would only lower their annual intrest payments somewhat. These countries are indirectly affected and could use cash but I suggest to only provide it based on actual plans to boost economic activity locally

By: BJ Rire Wed, 18 Mar 2009 03:33:25 +0000 Poor countries do not need to be economically and politically crushed with the burden of more debt. Instead of advancing $250 billion, why doesnt the IMF just FORGIVE $250 billion in existing debt??? Listen up all you politicians — the public is worn out on all this funny money stuff that does nothing but increase our collective tax burden.

By: micro Wed, 18 Mar 2009 03:00:56 +0000 Agree 100% with the comment March 17th, 2009 2:36 pm GMT – Posted by jason

The IMF is the enemy of all living creatures on this world and any other within it’s grasp

By: Don Wed, 18 Mar 2009 01:15:45 +0000 I guess in the general scheme of things, $250 billion is chicken feed. Literally it is feed to help raise chickens. It’s a compassionate move. As difficult as things are in wealthier nations, it’s a totally different level of suffering in these poorer countries. I think Truman is in the right.

By: W. Strasser Tue, 17 Mar 2009 23:47:00 +0000 What a con game!
The globalists are getting absurd. The IMF is an organization accountable to no one. It pretends to be a “good doer” using our money? Get real and shut down that self-serving, fraudulent click. Get back to the fundamental economic principles. Swim or sink.