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Home » Categories » Finance » Banking » The IMF and My Mate Gordo » Printer Friendly

Ieuan Dolby

The IMF and My Mate Gordo

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Submitted Tuesday, October 21, 2008
Ieuan Dolby (1,244)
Ieuan Dolby

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So Gordo me old buddy went and came to my party! Just when the knock-out punch was about to land the haggard-looking shifty eyed bloke who currently lives at No10 Downing Street managed to pull a few strings and get both of his feet back under the table.

I'm sure that it is not only I and a few other million odd inhabitants of the United Kingdom and for that matter the world who are amazed at how he pulled off that amazing last minute resurrection. He did though - me old mate Gordo!

Within a matter of days, nay hours the rest of the world silently applauded Gordon Browns move to inject capital into British Banks by rapidly following suit.

Apart from a few dissenters, those journalists who could feel the situation ebbing, David Cameron who dug a grave for himself by attacking Gordon Brown during his moment of triumph and the IMF who must have been asleep when Gordon Brown and the rest of the world introduced what may possibly be the solution to lessen the impact of the credit crunch.

It is a couple of weeks since the IMF last sent out shock waves by predicting world collapse; today they were quoted in a BBC article as saying "More European banks may fail". This irresponsible shock reporting and conjecture by what should be the strong face of world financial stability and unity is abysmal and wrong! I can only think that they do it to provoke or rekindle worry, to curry thoughts of insecurity that will lead to crisis, thus building a negative world that will rely on the IMF to loan money to save them!

After all, during times of economic stability and boom the IMF is but a source of funds to falling dictators, to third world countries torn apart by internal strife and on a very good day to a couple of newly developed ex-soviet states in desperate need of capitalization. This crisis though has given them Iceland on a plate! And wow, wouldn't that be a coup, to have some other countries knocking on the door, Ukraine perhaps, even Turkey or are they looking further up the ladder? Is the UK a target of the IMF?

You tell em Gordo!






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