Here we go again,,,,

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larglo
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Here we go again,,,,

Post by larglo »

Yep,,, here we go again,,,,. the US is being such an a,,hole. The IMF, of which the US is a member of,,,gave Greece a TRILLION,,,,,with a "T", dollars and what country, do you suppose, gave the MAJORITY of cash! Why,,,none other than big bad, UNITED STATES,,,,wow, who would have thunk that?

I would be curious to know what MEXICO gave, or perhaps CANADA? or maybe all the countries that made up the, o, so smart EU?

Yes, we here in the US must really start getting out sh.t together. And stop complaining, that we must take care of all these countries, that bitch at us for wanting to keep our borders secure from pan handlers, terrorist, and the like.

I guess, we just don't get it,,,or do we?

Larry
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Post by Jersdevil »

Some of us get it.
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Post by N2itive »

Why are the IMF and Eurozone lending money to Greece?

Gas, baby.

Check the figures on crude oil costs per barrel since the bailout was announced and you have your reason, plain as day.

With US dependancy on foreign oil being a hard fact, any rise in the cost of crude is seriously detrimental to the US economy. A couple of bucks a barrel doesn't sound like much to you or I, but multiply that times barrels per second consumed and the numbers are staggering. What the recovering economy doesn't need right now is added pressure from increased oil cost, which hits all of us right in the wallet.

The loan (not gift) to Greece was done in order to stabilize and make the crude costs come down (which you'll see it did).

If you figure out the difference between last weeks crude prices and today's, times barrels per day, the move is already paying the US/NA/EU consumer back is decreased costs (which I'm sure the oil companies will pass right along to you and I hahahaha) and increased profits for US oil companies.

Add that savings to the payback of the loan w/ interest, and it's a pretty smart plan. Greece has good credit and will pay back.

The trillion-dollar figure applies to all eurozone countries, not just Greece. Overall, EU will shoulder 680 billion and the IMF up to 320 billion, projected over years not immediately.

As far as Greece and who gives what, here's the breakdown from Associated Press-


WASHINGTON - The board of the International Monetary Fund has approved its part of a $140 billion bailout package for Greece.


The board met in Washington Sunday to approve a three-year, $40 billion (€30 billion) loan for the troubled European nation. Greece has enacted broad cutbacks in government spending to address its mounting debt, sparking riots and social unrest.


Eurozone leaders on Saturday approved a $100 billion (€80 billion) package of loans to Greece for the next three years to keep it from imploding. The bailouts are an effort to stabilize global markets rocked last week by fears of a spreading European debt crisis.


European leaders also are meeting Sunday to hash out the terms of a proposed broader rescue. They want to have a plan in place before Asian markets open for the week.

<end quote>

Looks like the Euros are lending 2.5x the amount the IMF is. Which is not to minimize the US contribution- your Gov't has also reenacted a program that lets foreign central banks swap their currency units for US dollars.
The foreign central banks can lend the dollars to banks in their countries that need them to pay off dollar-denominated deposits and make dollar-based loans. This will further stabilize the situation and is a low-to-no cost proposition.

The left wing media is all over this with hearts and flowers and talks of brotherhood, and the right wing media is portraying it as squandering of US tax dollars. It's all horse**** on both sides. I like my news un-spun, just the facts, I'll figure out how I feel about them myself.

I'm going to let the shot at Canada slide, but know this as a fact- as members of the IMF, when you break down each countries' contribution per capita, we will equal or lend more than a US citizen based on population.
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Post by larglo »

I'm going to let the shot at Canada slide
------------------------------------


I really don't give dam what you do with it.

Larry
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Post by larglo »

Euro Will Collapse Like Tower of Babel: Economist
Tuesday, 11 May 2010 09:34 AM Article Font Size
By: Ellen Chang

Greece’s bailout will eventually bring down the euro, Monument Securities Chief Economist Stephen Lewis says.

The euro’s future is precarious because of the large budget deficits incurred by euro zone countries, leaving few viable alternatives, Lewis said.

OIL [gas],,,,,sounds like they were spending like drunken sailors to me. Our present president is following in EU's footsteps, But this Nov. we will do something to slow the rate of spending some and in 2012, we'll put a stop to it altogether. This counyry is slow to act or react sometimes, but when it does, like Japan said when they bombed us, "we woke up a sleeping giant" . Without the American help, most countries would be in deep du,du, no matter how you spin it.

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Post by Tuck »

i'll preface this by stating that i am NOT an economist (i slept in economics in school), so forgive me if this is a stoooooopid question/statement.

granted, it would hurt the u.s. economy in a short run/term for the euro to fail, BUT, would it not improve the standing of the dollar and therefore improve our standing/ecomony in the big picture?

i remember when the EU started this whole euro mess, that a lot of people were concerned on how it would affect our ecomony and the dollar, etc etc etc. so, wouldn't it stand to reason that if the euro fails or at least looses a lot of its value, that the dollar would be worth more, etc?

am i wrongskie?
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Post by alexander38 »

The US kicks in 17% of the IMF funds and also kicks in the most at the UN, The reason for the bail out is FEAR!!!! The Socialist EU knows it can't keep spending and borrowing anymore their system of giving money to the Govt. unions is broke. They have the wolf by the ears and are stuck. Just yesterday more riots and marching and Greece calling for all of the EU to cut spending before they to fall. And all this happens a little at a time, Just like here the surprise today O'care will cost 140 Billion more than the CBO said it would. DUH!

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Post by Danny Bailey »

Doesn't matter if we get it or not. We, the general population, have been had and your elected leaders don't give a rat's patootie what you and I think about it. We are headed for one world government with America being brought down to the economic level of Puerto Rico (spread the wealth around). I think that if it looks like this plan is in jeopardy by an election, the current administration will create a national emergency by nuking a major city disguised as terrorists so they can declare martial law and suspend all elections (for our own good, of course). This thing has gone so far now, the only way to turn it around is to use Thomas Jefferson's method.
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Post by alexander38 »

Danny I'm afraid you may be right, If one looks at who is really running the Mocha puppet. That's for the sake of your family's I hope you have food and guns and ammo hidden.
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Post by 00GTP »

larglo wrote:I'm going to let the shot at Canada slide
------------------------------------


I really don't give dam what you do with it.

Larry
Larry, you are surely some kind of PUTZ!!!!!!!!! And a small one at that....
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Post by prowlersfish »

where did we get the money ? borrowed it fron China ? or did O-bomb just print it ? :shock:
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Post by MTP »

00GTP wrote:
larglo wrote:I'm going to let the shot at Canada slide
------------------------------------


I really don't give dam what you do with it.

Larry
Larry, you are surely some kind of PUTZ!!!!!!!!! And a small one at that....
:x
Larry is not a putz for a few reasons

1. He is a veteran that served his country without complaint

2. He reads the news and understands what is reality not what the liberal bs that is spread by CNN, CBS, NBC, ABC, and MSNBC

3. He is a citizen of the USA

4. you are not................. azzwad



I think I have made my point
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Post by MTP »

double post
Last edited by MTP on Mon May 17, 2010 8:02 am, edited 1 time in total.
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Post by larglo »

I guess it could have been worse,,,,,,he could have called me, a liberal :D

Larry
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