A giant sucking sound was just heard...

[Hobbyfarmer]

Dec. 19, 2011, 3:23 p.m. EST

Euro-zone countries to boost IMF resources
By Christopher Noble SAN FRANCISCO (MarketWatch)

-- The members of the euro single currency bloc will provide 150 billion euros of additional resources to the International Monetary Fund, European Union finance ministers said in a statement on Monday. The money will be provided in the form of bilateral loans, the statement said. The statement was issued after EU finance ministers conferred by telephone about efforts to contain the persistent sovereign debt crisis afflicting the region.

The Czech Republic, Denmark, Poland and Sweden, which are not members of the euro, said they were willing to take part in reinforcing IMF resources, the statement said, but no details were given about how much those countries would contribute.

The statement made no mention of a contribution by the U.K. The statement also said the EU would welcome participation from G20 members and "other financially strong IMF members to support the efforts to safeguard global financial stability" by contributing to boosting IMF resources. The euro fell under $1.30 after the statement.

$$$$$$$$$$$$$$$$$$$

There are NO "other financially strong" countries. (period)

[Hobbyfarmer]

The more you give them the more impossible the deal becomes. They can't pay the interest now, let alone the principle. So lets give them more?

I sold corn and beans @ 1:20pm CTZ today.

[Dave-ECIA]

Soooo.... Let's look at this in farmer terms.

You and I are broke. But hey, I need to show my banker a good looking balance sheet, so I get creative.

We put our heads together and decide to loan each other money.

Yeah, that works!

I'll loan you $100k, you loan me the same $100k. Now here comes the tricky part. I'll take a snapshot of my account just after the $100k hits my account, and before it goes back out. Hey! I'm worth $100k more, hey banker! I'm doing pretty good! Look at all the money in my account!

Who they kidding?? Those countries are $*#($! and they know it, and so do their neighbors. The UK is fine at the moment, so are the northern Europeans, that's why they don't want to make loans they'll never get back.

It's all a shell game over there and they know it. They are just trying to convince the rest of those with money to play the game with them.