IMF Considers Buying Distressed Bonds Of Italy, Spain

Daily Bail
October 5, 2011

New threat from Europe using U.S. taxpayer cash.

Pause to remember that U.S. taxpayers fund almost 20% of the IMF war chest, which could now be used to buy up the debt of weak Euozone members, a move that would end in massive losses as we enter 2012 and bond yields soar in Italy and Spain as it becomes clear that neither country will meet deficit targets, just like Greece. Since when does the IMF’s charter allow for government bond purchases?

Marketwatch

LONDON — Antonio Borges, Europe director at the International Monetary Fund, said Wednesday that the IMF could cooperate with the euro zone by buying up distressed government bonds, according to media reports. The fund could use its own resources to help restore confidence in the debt markets of Italy and Spain, but there are no immediate proposals on the table, Borges said, according to a Bloomberg report. The Financial Times reported that Borges also called for swift action on recapitalizing European banks, warning that a failure to restore confidence in the sector could lead to another credit crunch at a time when the economy is already slowing.

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2 Responses to “IMF Considers Buying Distressed Bonds Of Italy, Spain”

  1. I meant to say the punishment “for treason” is DEATH!!!!!!! Also, it was Mark’s former employer who “suggested” that he never return. Nice people those alphabet soup government terrorists in WDC!

  2. We understand that what the deminati really want as stipulated in January of this year is $100,000,000,000,000.00 in new credit created over the next ten years and as Alex has so aptly pointed out they will fractionalize that into infinity.

    By the way Alex, your actions at the illegal checkpoint were exactly right. You know better than most that one has to pick one’s battles. To get tased and arrested in front of your family would have been stupid and counter productive.

    Also, great interview with Roseanne Barr. You may remember that she mentioned mind control when she first came on. She is friends with aquaintenances of mine Mark Phillips and Kathy O’Brien Phillips. By the way they have moved to Belize never to return to their homeland via request of Mark’s former employees.

    Kudos.

    I am Tuco Benedicto Pacifico Juan Maria Ramirez and I am impelled to remind the former Americans now globaiists in WDC that last time I looked the punishement in our great country is still DEATH!!!!!!!

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