Geithner to G-20: More Money!


Our darling tax cheat of a Treasury Secretary and Robert Rubin fanboy Timmy Geithner threw his support today behind an IMF recommendation that countries in the midst of financial turmoil toss no less than 2% of GDP into economic stimulus programs, according to MarketWatch.
Fiscal outlays intended to revive economies must be sustained into 2010, Geithner said.

At the moment, statistics from the International Monetary Fund show fiscal stimulus plans are expected to drop off next year, he said.

The global crisis shows no signs of weakening yet. Rather, the recession has been "deepening," according to the most complete data available, Geithner said.
Funny that the IMF should say that in light of reports that 3/4ths of the money in OMGObama's American Recovery and Reinvestment Act is not due to get to make its way to the American economy until 2011. But not surprising that Timmy's ex-employer would be calling for more, more, more. The hardcore conspiracy theorists believe, of course, that the IMF is pushing for a global currency which they themselves would print.

The Zimbabwe School of Economics (print, print, print) has a new cheerleader in Geithner, who will be heading to London shortly to concoct fresh ways to debase currencies on a global scale with the help of President Obama and NWO cheerleader, UK PM Gordon Brown, among others.

I'm with Germany and Japan on this one. Enough with the stimulus. The recession is accelerating because these morons insist on throwing more cash in the hole, leading to greater instability in the system. I'm not entirely sure why they can't seem to understand about this concept but obviously they're missing the point.

Tools.