Thursday, April 02, 2009

How Much is This Going to Cost American Taxpayer?

I wonder how much of this the American taxpayer is on the hook for?

G-20 to give $1 trillion to IMF, World Bank
LONDON (AP) - Prime Minister Gordon Brown says leaders at the G-20 summit have agreed to give $1 trillion to the International Monetary Fund and the World Bank to help struggling nations around the world.

Brown also says the 20 countries at the summit will enact common policies to crack down on tax havens, regulate hedge funds, and rebuild trust in the financial system to "prevent a crisis such as this from happening again."

Mark my words: There is nothing to be joyful about in this laundry list of "common policies," today's exuberant Wall Street response notwithstanding. The "new world order" these mighty titans of finance and world politicians are shaping will do nothing to keep the common man free, and will not guarantee a greater crisis.

Hell, these people love crises! It's their opportunity to clamp additional controls on the people of the world.


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