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July 22, 2008

IMF Follies Don't Impress Chinese

Picture_11_2The IMF and China have been sparring openly for about a year. As the entire G7 banking system goes under the blood red waves of excessive debt, the IMF refuses to humble itself and admit the financial leaders in the world are all really sex-starved gnomes who have no interest in balancing their books. Instead, the IMF struggles to keep itself looking scary to third world nations or at least, project the image of being sober and powerful rather than drunken sots on a binge, in the gutter. And Bernanke, it is revealed, is investing in CANADIAN instruments, not in the things his besotted, stupid bank supports. And good grief, he certainly is NOT holding US Treasuries or debts. Forget Fannie Mae or Freddie Mac. Or even one of the pirates.

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