COUSCOUS

And that is only the IMF profit.

Idunsums

Um it's a bank, did you think that they did this stuff out of love? If you have made poor decisions and have to borrow money it's going to cost you more. Hopefully your smart enough to say wow borrowing money is really expensive I should have some savings next time. Same applies to countries as well as people.

Lightfromdarkness

These centralised banks are crippling the world with their greed though, we need to get back to the governments issuing their own money and having it on the gold standard rather than this worthless fiat.

obama2016nazi

Yes, that was yesterday, but today Greece and Puerto Rico and cancelled obligation and this DEBT, which means now IMF has cover this debt or let its investors take a loss.

Now here's the problem all this debt is insured by $700 Trillions USD in Derivatives. No time in recent history did these insurance funds ever pay out so its always been a positive sum game. The entire insurance is designed to collect premium and never pay out on a claim.

Now entire house of cards implode, given that $700 Trillion obligation, is like 10X of world GDP.


http://www.zerohedge.com/news/2015-06-29/china-makes-it-official-launches-bank-humiliated-washington

Look carefully at the new AIIB China bank membership map, the BLUE shows who is AIIB, the White shows who signed on to TPP.

While in Wash-DC politicians expended all their political capitol on TPP, the world simply didn't care about what TPP offered them, as CHINA offered them MORE without TPP.

TPP was create a Monopoly position for select country's like Japan, Taiwan, all USA/Israel Colony's.

China offers the entire world 'True' Free trade, cheap medicine, and no strings loans to all third world countrys.

Watch Greece carefully now. Nobody will repay the IMF, not Puerto Rico, not Greece, everybody will borrow 'no strings' money from AIIB.

This means the IMF collapses and the western world implodes.

pben95

How would charging interest on emergency loans help anybody other than themselves? Pure greed.

RedHawk

I hope the Greeks wake up and leave the Euro Zone before its too late. They can try and build ties with Russia and the Arab and Muslim World. The bottom line is they have to get out of this endless circle of loans with the Zionists and bankers.

obama2016nazi

Wish I could UPVOTE U,

Upvote means anti-zion downvote means pro-zion