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!


  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.

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