View Full Version : EUROPE ...

09-17-2011, 03:25 AM
... we can always count on them to be there when they need us.

<div class="ubbcode-block"><div class="ubbcode-header">Quote:</div><div class="ubbcode-body">The U.S. is coming to Europe's financial rescue.
So far, America's role is fairly limited. But if the crisis continues to grow and the U.S. takes on a wider role, U.S. consumers and taxpayers could feel a bigger impact. The biggest exposure could come from America's status as the single largest source of money for the International Monetary Fund.
The latest round of American financial assistance came Thursday with a promise by the Federal Reserve to swap as many dollars for euros as European bankers need. </div></div>

When do the Euros repay their prior debts? (http://bottomline.msnbc.msn.com/_news/2011/09/16/7795342-us-taxpayers-could-be-on-hook-for-europe-bailout)

09-17-2011, 05:19 AM
International finance iz pretty simple. Let me explain it this way. Take say 20 pennyless bums. Ok, form them in a circle. Now, each bum givs the bum in front a loan of say $1million. They need to do this while at the same time accepting the bit of paper from behind. If done quickly, and repeated quickly, and repeated again and again, no computer programme iz fast enuff to work out who gave money to whom, and where it all came from, and where it iz all going.

International finance iz in fakt much eezyr than this. Koz all of the countrys are allready sitting in a circle, ie allbeit a circle formed around the globe.