Thursday, May 6, 2010

Greece and the IMF

OK, most people probably care more about the length of their toenails than the situation in the Greek Economy right now.  However, consider this - the IMF will be adding money to the EU funds to bail out Greece and by default the European banks that own most of the Greek debt.


Well, who provides the majority of funds to the IMF?  Can you say the United States?  That's right!  People were outraged over the Wall Street Bailout, the GM Bailout, Chrysler, etc.  However, nobody seems to care that US Taxpayer money is going to bail out European banks!?!?  This is outrageous!  Meanwhile the Greeks are rioting and burning banks over budget cuts.  


What's next?  It's just money right?  Just wait until US taxes go through the roof to pay for all this nonsense...

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