Hi Everybody,
http://www.humanevents.com/article.php?id=44474
--
Regards,
Pete
http://elect-pete-theisen.com/
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On Lehr News tonight the interviewee (don't recall his name) said that the
new woman in charge of the IMF will be asking the U.S. to help bail out
Greece. The way this works is that the IMF is funded 70% by the U.S. So we
would then have to chip in 70% of the $146 billion being asked for by the
Greeks.
Absolutely insane.
----- Original Message -----
From: "Pete Theisen" <petetheisen@verizon.net>
To: "ProFox Email List" <profox@leafe.com>
Sent: Friday, July 01, 2011 8:30 PM
Subject: [OT] US to bail Greece?
> Hi Everybody,
>
> http://www.humanevents.com/article.php?id=44474
> --
> Regards,
>
> Pete
> http://elect-pete-theisen.com/
>
[excessive quoting removed by server]
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17% maybe, not 70%!
On Sat, Jul 2, 2011 at 4:17 AM, Nicholas Geti <ngeti@optonline.net> wrote:
> On Lehr News tonight the interviewee (don't recall his name) said that the
> new woman in charge of the IMF will be asking the U.S. to help bail out
> Greece. The way this works is that the IMF is funded 70% by the U.S. So we
> would then have to chip in 70% of the $146 billion being asked for by the
> Greeks.
>
> Absolutely insane.
>
>
> ----- Original Message -----
> From: "Pete Theisen" <petetheisen@verizon.net>
> To: "ProFox Email List" <profox@leafe.com>
> Sent: Friday, July 01, 2011 8:30 PM
> Subject: [OT] US to bail Greece?
>
>
>> Hi Everybody,
>>
>> http://www.humanevents.com/article.php?id=44474
>> --
>> Regards,
>>
>> Pete
>> http://elect-pete-theisen.com/
>>
[excessive quoting removed by server]
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Something like that...but i don't bother replying anymore.
Op 2 jul. 2011 12:48 schreef "Paul Hill" <paulroberthill@gmail.com> het
volgende:
> 17% maybe, not 70%!
>
> On Sat, Jul 2, 2011 at 4:17 AM, Nicholas Geti <ngeti@optonline.net> wrote:
>> On Lehr News tonight the interviewee (don't recall his name) said that
the
>> new woman in charge of the IMF will be asking the U.S. to help bail out
>> Greece. The way this works is that the IMF is funded 70% by the U.S. So
we
>> would then have to chip in 70% of the $146 billion being asked for by the
>> Greeks.
>>
>> Absolutely insane.
>>
>>
>> ----- Original Message -----
>> From: "Pete Theisen" <petetheisen@verizon.net>
>> To: "ProFox Email List" <profox@leafe.com>
>> Sent: Friday, July 01, 2011 8:30 PM
>> Subject: [OT] US to bail Greece?
>>
>>
>>> Hi Everybody,
>>>
>>> http://www.humanevents.com/article.php?id=44474
>>> --
>>> Regards,
>>>
>>> Pete
>>> http://elect-pete-theisen.com/
>>>
[excessive quoting removed by server]
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On 7/1/2011 11:17 PM, Nicholas Geti wrote:
> On Lehr News tonight the interviewee (don't recall his name) said that the
> new woman in charge of the IMF will be asking the U.S. to help bail out
> Greece. The way this works is that the IMF is funded 70% by the U.S. So we
> would then have to chip in 70% of the $146 billion being asked for by the
> Greeks.
>
> Absolutely insane.
Crazy.
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Well it's wrong whoever said it...
http://www.brettonwoodsproject.org/art-563643
-----Original Message-----
From: profox-bounces@leafe.com [mailto:profox-bounces@leafe.com] On
Behalf Of MB Software Solutions,LLC
Sent: 04 July 2011 16:02
To: ProFox Email List
Subject: Re: [OT] US to bail Greece?
On 7/1/2011 11:17 PM, Nicholas Geti wrote:
> On Lehr News tonight the interviewee (don't recall his name) said that
> the new woman in charge of the IMF will be asking the U.S. to help
> bail out Greece. The way this works is that the IMF is funded 70% by
> the U.S. So we would then have to chip in 70% of the $146 billion
> being asked for by the Greeks.
>
> Absolutely insane.
Crazy.
[excessive quoting removed by server]
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Adam Buckland wrote:
> Well it's wrong whoever said it...
> http://www.brettonwoodsproject.org/art-563643
Hi Adam,
Question is, is THAT right. When you have two sources that disagree . . .
Who is "Aziz Ali Mohammed"? Who was the Lehr interviewee?
>> On Lehr News tonight the interviewee (don't recall his name) said that
>
>> the new woman in charge of the IMF will be asking the U.S. to help
>> bail out Greece. The way this works is that the IMF is funded 70% by
>> the U.S. So we would then have to chip in 70% of the $146 billion
>> being asked for by the Greeks.
>>
>> Absolutely insane.
>
>
> Crazy.
--
Regards,
Pete
http://elect-pete-theisen.com/
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So we're borrowing money from China to give to Greece. Of course China is too smart to give it to Greece directly.
--- On Mon, 7/4/11, MB Software Solutions, LLC <mbsoftwaresolutions@mbsoftwaresolutions.com> wrote:
> From: MB Software Solutions, LLC <mbsoftwaresolutions@mbsoftwaresolutions.com>
> Subject: Re: [OT] US to bail Greece?
> To: "ProFox Email List" <profox@leafe.com>
> Date: Monday, July 4, 2011, 11:02 AM
> On 7/1/2011 11:17 PM, Nicholas Geti
> wrote:
> > On Lehr News tonight the interviewee (don't recall his
> name) said that the
> > new woman in charge of the IMF will be asking the U.S.
> to help bail out
> > Greece. The way this works is that the IMF is funded
> 70% by the U.S. So we
> > would then have to chip in 70% of the $146 billion
> being asked for by the
> > Greeks.
> >
> > Absolutely insane.
>
>
> Crazy.
>
[excessive quoting removed by server]
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I listened to the broadcast again. http://video.pbs.org/video/2036923517
The statement was that the U.S. funds the IMF by 17%. His accent was so
heavy I thought he said 70%. However, he went on to say that the new IMF
chief is going to have a difficult time getting more money from the U.S.
I read the charter for the IMF. It states that weak countries are bailed out
by a special fund supported by member countries.
Most resources for IMF loans are provided by member countries, primarily
through their payment of quotas. Since early 2009, the IMF has signed a
number of new bilateral loan and note purchase agreements to bolster its
capacity to support member countries during the global economic crisis.
Multilateral borrowing arrangements provide a further backstop to IMF
resources. Concessional lending and debt relief for low-income countries are
financed through separate contribution-based trust funds.
I strongly think that this special fund is what will be asked of the U.S. to
support by the new IMF chief, Christine Lagarde. Apparently this is the way
Germany and France will provide funds to Greece, not through the member
contributions by member countries to the IMF. If you roll in Spain, Italy,
Portugal, etc. who are asking for bailouts, the amounts that will be
required will be staggering. In the interview I mentioned above, Simon
Johnson says that these countries collectively are "too big to save". The
second problem is that European and especially French banks were allowed to
hold only 3% in reserve and many U.S. money market funds bought their loan
portfolios. This does not sound good to me.
----- Original Message -----
Fr
om: "Adam Buckland" <Adam.Buckland@eurohill.com>
To: "ProFox Email List" <profox@leafe.com>
Sent: Monday, July 04, 2011 11:21 AM
Subject: RE: [OT] US to bail Greece?
> Well it's wrong whoever said it...
>
> http://www.brettonwoodsproject.org/art-563643
>
>
>
> -----Original Message-----
> From: profox-bounces@leafe.com [mailto:profox-bounces@leafe.com] On
> Behalf Of MB Software Solutions,LLC
> Sent: 04 July 2011 16:02
> To: ProFox Email List
> Subject: Re: [OT] US to bail Greece?
>
> On 7/1/2011 11:17 PM, Nicholas Geti wrote:
>> On Lehr News tonight the interviewee (don't recall his name) said that
>
>> the new woman in charge of the IMF will be asking the U.S. to help
>> bail out Greece. The way this works is that the IMF is funded 70% by
>> the U.S. So we would then have to chip in 70% of the $146 billion
>> being asked for by the Greeks.
>>
>> Absolutely insane.
>
>
> Crazy.
>
[excessive quoting removed by server]
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We being the International Monetory Fund and yes China is buying Greek debt... They announced it last week...
We do live in strange times...
-----Original Message-----
From: profox-bounces@leafe.com on behalf of Michael Madigan
Sent: Mon 7/4/2011 7:07 PM
To: ProFox Email List
Subject: Re: [OT] US to bail Greece?
So we're borrowing money from China to give to Greece. Of course China is too smart to give it to Greece directly.
--- On Mon, 7/4/11, MB Software Solutions, LLC <mbsoftwaresolutions@mbsoftwaresolutions.com> wrote:
> From: MB Software Solutions, LLC <mbsoftwaresolutions@mbsoftwaresolutions.com>
> Subject: Re: [OT] US to bail Greece?
> To: "ProFox Email List" <profox@leafe.com>
> Date: Monday, July 4, 2011, 11:02 AM
> On 7/1/2011 11:17 PM, Nicholas Geti
> wrote:
> > On Lehr News tonight the interviewee (don't recall his
> name) said that the
> > new woman in charge of the IMF will be asking the U.S.
> to help bail out
> > Greece. The way this works is that the IMF is funded
> 70% by the U.S. So we
> > would then have to chip in 70% of the $146 billion
> being asked for by the
> > Greeks.
> >
> > Absolutely insane.
>
>
> Crazy.
>
[excessive quoting removed by server]
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