InvestorsHub Logo
Followers 2
Posts 1353
Boards Moderated 0
Alias Born 10/16/2006

Re: None

Wednesday, 02/24/2010 7:27:28 PM

Wednesday, February 24, 2010 7:27:28 PM

Post# of 607
Get this, they are now PROMOTING that Iraq is under an IMF Stand By Arrangement.
that is a loan from the IMF.

This is what the IMF says about it.
http://www.imf.org/external/np/exr/facts/howlend.htm
When can a country borrow from the IMF?
A member country may request IMF financial assistance if it has a balance of payments need—that is, if it cannot find sufficient financing on affordable terms to meet its net international payments while maintaining adequate reserve buffers going forward. An IMF loan provides a cushion that eases the adjustment policies and reforms that a country must make to correct its balance of payments problem and restore conditions for strong economic growth.

Are you kidding me... they are promoting that... and at the same time trying to tell you Iraq is increasing it's money suppy over 100,000%.

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.