IMF:- Gentilmen Start your printing press!

[Mega]

I am totally stunned by this, no i mean it!
Not the brightest boy in the class by any means but i KNOW what happens IF you start to PRINT MEGA amounts of money.

...............so WHY in GOD'S name does the IMF what everyone to do this?
Mike

[jimmygu3]

Re: IMF:- Gentilmen Start your printing press!

I am totally stunned by this, no i mean it!
Not the brightest boy in the class by any means but i KNOW what happens IF you start to PRINT MEGA amounts of money.

...............so WHY in GOD'S name does the IMF what everyone to do this?
Mike

Did you mean to post a link, Mega?

[Tulpen]

Re: IMF:- Gentilmen Start your printing press!

How about some references to what you claim Mike?

[Rajiv]

Re: IMF:- Gentilmen Start your printing press!

Links:

IMF head in shock fiscal warning

In a dramatic volte face for an international body that only in the autumn called for "continued fiscal consolidation" in the US, Dominique Strauss-Kahn, the new IMF head, gave a green light for the proposed US fiscal stimulus package and called for other countries to follow suit.

"I don't think we would get rid of the crisis with just monetary tools," he said at the World Economic Forum in Davos, Switzerland, adding "a new fiscal policy is probably today an accurate way to answer the crisis".

Mr Strauss-Kahn's words rip apart a long-standing global consensus that fiscal retrenchment in the US and Japan is needed to help reduce huge trade imbalances. It comes as the IMF is due to release new economic forecasts this week which, he said, would show a "serious slowdown and it needs a serious response".

IMF calls: More government spending please

Dominique Strauss-Kahn, the managing director of the IMF, declared at the weekend that the intensifying credit crunch is so severe that lower interest rates alone will not be enough "to get out of the turmoil we are in".
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[Mega]

Re: IMF:- Gentilmen Start your printing press!

In other words, the US is Sinking, would you be so good as to smash i hole in your ship below the water line and join us!
Mike