Saturday, September 05, 2009
India Agrees to Lend $10B to IMF
So now India is in the business of lending money to other basketcases. Unless we can get some kind of worthwhile representation on the IMF's board, why should we be propping up a Western-run loan shark operation that maintains their hold on weaker countries? Couldn't we just set up a separate fund of our own, in connection with like-minded countries (eg. BRIC)?
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2 comments:
whats happening this week is something different. all big dollar holders are exchanging their dollar bonds with IMF bonds. this is just another way of dumping dollar. if this continues dollar is toast very soon.
Did anyone read about the assault on Hindu priests from Karnataka at Pashupati mandir by Maoists?
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