Monday, 26 September 2011

Economic Paradox


I hear the IMF is going to bale out the Euro if Greece defaults (which is a dead cert); however, the IMF is bankrolled by governments - the very governments that are either heavily in debt themselves or totally bankrupt. So exactly where is this liquidity coming from?

I hope it's not my savings they're going to use, but I fear it is. God help us!


3 comments:

  1. Martin: I'm probably in a very small minority, but yes. A considerable amount to finish off the house. None will be left within a year, and then I'll have to start saving all over again.

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  2. They won't borrow the money from you CB, I hear the politicians are just going to expense it.

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