Tuesday, November 23, 2010

Ireland and the I.M.F.ers

The I.M.F.  will now help decide Ireland's fiscal fate. After playing in the world economy, and making their bankers happy, they are under the sway of World Bank. The true extent has yet to be outlined , but self-determinism and learning from mistakes can safely be ruled out. Even ex I.M.F.ers agree that is probably not a good thing. It is not truly a global system yet, but Spain and Portugal are next on the hit list. Can the U.S. be far behind. It is amusing that Britain, which is not directly tied to the euro, shall have to help their old buddies out. Since European nations are obligated to crushing bailouts if everything goes south, just who will own everything that is left.

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