Of course, the answer to Roger’s unanswered question towards the end there was: They’ll get bailout money from the International Monetary fund (IMF), which is overwhelmingly funded by the United States, via the Federal Reserve banks.
Now, the United States does not have any money either; we are on the verge of bankruptcy also, but the Federal Reserve is able to create money out of thin air and loan it to the Treasury, which can then fund all U.S. operations. Although, in this instance, the Fed is giving itself authorization to print and loan money directly to the IMF in order to keep their brother banks in business and guarantee that they can continue to pay interest on previous loans.
It’s all rather wacky, really. But don’t worry – they have plans to replace it with a “new and improved” system, which is really just the current system with fewer participants: a global banking system and global currency, with a single bank ruling the economies of the world.
Can you imagine?
I say we go back to silver and gold, as required by the Constitution.
