Injin Posted April 14, 2009 Share Posted April 14, 2009 Is this one of the eastern Euro nations that has had loads of loans from the Eurozone ? IMF loans = restructuring of society in the banksters favour = stronger currency. And riots, bank failures, food shortages, martial law etc for the people. Quote Link to comment Share on other sites More sharing options...
council dweller Posted April 14, 2009 Share Posted April 14, 2009 this from last month Poland has scotched rumours that it will seek emergency funding to aid its creaking economy by saying that it will contribute a $1.5bn (£1bn) to the International Monetary Fund http://www.telegraph.co.uk/finance/finance...tched-fund.html So this is how it works then! Lend the IMF $1.5bn and then borrow $20bn 3 weeks later, it's obviously a new form of fractional reserve banking in which the borrower has to provide the fraction, the IMF then creates the money in the usual way. (let's call it keyboard money) This could be the new parrotdime.....but then again, it's not so different to putting down a deposit for a mortgage。 I wonder how much deposit Gordon has put down? Quote Link to comment Share on other sites More sharing options...
General Melchett Posted April 14, 2009 Share Posted April 14, 2009 20 billion? That's scarcely enough to buy a bank these days. Or a 5 bed detached in the suburbs. Quote Link to comment Share on other sites More sharing options...
R K Posted April 14, 2009 Share Posted April 14, 2009 There's no shame at all in this. None. It's not shameful. No shame, no shame, no shame. They can be proud! It's a sign of strong fundamentals. It's not like the old days in any way. No shame. None. In fact Mandelslime thinks there is so little shame that the UK would benefit too. Quote Link to comment Share on other sites More sharing options...
Bloo Loo Posted April 14, 2009 Share Posted April 14, 2009 IMF loans = restructuring of society in the banksters favour = stronger currency.And riots, bank failures, food shortages, martial law etc for the people. at least theyve got the camps already built. Quote Link to comment Share on other sites More sharing options...
Wannabe Posted April 14, 2009 Share Posted April 14, 2009 at least theyve got the camps already built. Ouch - Below The Belt...!!! Quote Link to comment Share on other sites More sharing options...
SHERWICK Posted April 14, 2009 Share Posted April 14, 2009 riots, bank failures, food shortages, martial law etc for the people. So, back to the good ol' days for Poland then? Quote Link to comment Share on other sites More sharing options...
dissident junk Posted April 14, 2009 Share Posted April 14, 2009 Poor Poland. It always gets screwed over -- no matter what the people do. Quote Link to comment Share on other sites More sharing options...
jp1 Posted April 14, 2009 Share Posted April 14, 2009 beat uk to it So the people of Poland are going to enjoy that fiscal "Spa" experience Quote Link to comment Share on other sites More sharing options...
Taylorrian Posted April 14, 2009 Share Posted April 14, 2009 What are the prospects for Poland and Polish houseprices - any experts? Polish Finance Minister said it was not "emergency funding" but rather "a supplementary reserve" available to the Polish central bank. Umm... Quote Link to comment Share on other sites More sharing options...
sunonmars Posted April 14, 2009 Share Posted April 14, 2009 but but but, what about all the hard earned money taken from our benefit system and sent back to Poland, like child benefit, and money from their jobs sent home to the families. Quote Link to comment Share on other sites More sharing options...
Austin Allegro Posted April 14, 2009 Share Posted April 14, 2009 this from last month Poland has scotched rumours that it will seek emergency funding to aid its creaking economy by saying that it will contribute a $1.5bn (£1bn) to the International Monetary Fund http://www.telegraph.co.uk/finance/finance...tched-fund.html Unfortunately their contact Dr Joseph Agadudu failed to turn up at Lagos airport with the suitcase containing $4,000,000 (Four Million Dollar)... Quote Link to comment Share on other sites More sharing options...
Liquid Goldfish Posted April 14, 2009 Share Posted April 14, 2009 Polish Finance Minister said it was not "emergency funding" but rather "a supplementary reserve" available to the Polish central bank. Umm... I thought he said it was a "a supplementary reserve in case of emergency" Quote Link to comment Share on other sites More sharing options...
Leonard Hatred Posted April 14, 2009 Share Posted April 14, 2009 Debt is wealth, so Poland are now rich Quote Link to comment Share on other sites More sharing options...
SNACR Posted April 14, 2009 Share Posted April 14, 2009 Hmm reminds me of Peter and Dan Snows "documentary" on the what made the UK rich. They were almost in love with the banksters. Might have to watch that again when I need a good laugh. I fear I'm going to be waiting a long time for the 'What Makes Britain Poor' follow-up. Quote Link to comment Share on other sites More sharing options...
Orinoco Posted April 14, 2009 Share Posted April 14, 2009 so Poland pust up $1bn and borrows $20 bnthat's some leverage Anyone know how much we put in? Quote Link to comment Share on other sites More sharing options...
Taylorrian Posted April 15, 2009 Share Posted April 15, 2009 Was chatting to some Polish friends. They thought the $20bn was a good idea, shore up reserves etc, and not like Hungary/Iceland etc. Can anyone suggest any evidence/argument in which i can destroy their optimism? Quote Link to comment Share on other sites More sharing options...
uptherebels Posted April 15, 2009 Share Posted April 15, 2009 Was chatting to some Polish friends. They thought the $20bn was a good idea, shore up reserves etc, and not like Hungary/Iceland etc.Can anyone suggest any evidence/argument in which i can destroy their optimism? No. Your Polish friends are correct. Quote Link to comment Share on other sites More sharing options...
Taylorrian Posted April 15, 2009 Share Posted April 15, 2009 No. Your Polish friends are correct. So why is a loan good, if you dont need the money? Quote Link to comment Share on other sites More sharing options...
uptherebels Posted April 15, 2009 Share Posted April 15, 2009 So why is a loan good, if you dont need the money? Because it puts you into more debt. This of course makes you wealthier. Quote Link to comment Share on other sites More sharing options...
Taylorrian Posted April 15, 2009 Share Posted April 15, 2009 Exactly. Its like a bankrupt going to a bank and getting them to increase the credit limit on their maxed out credit card, and succeeding. Quote Link to comment Share on other sites More sharing options...
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