The money for the IMF comes from where, you say?

I truly does not understand it. The International Monetary Fund (IMF) has all this money to loan when economic conditions world wide are supposed to be wanting.

The IMF has loaned money so far to Iceland and these past few days to Hungary just for the asking. Even if the money is backed by either the dollar, gold or the euro, I can not understand how it is done. Not at this time. Billions of dollars appear to pop out of nowhere just like the eighty billion for the beginning of the Iraqi war and the recent seven hundred billion and still Universal Health Care is too expensive, they say.

I would not be surprised as to the reason Pres. Bush put an economic summit in mid-November is due to the fact some of the seven hundred billion dollars is somehow tied up in IMF fund and the US will again have a vital seat at the economic table on the world stage. Right now, we do not have one. Is the US going to also borrow some money from the IMF? Will we ever know if that happens?

They tell us to be suspicious when our children start coming home with lots of money and they don’t have no job. I’m suspicious! Fighting two wars with seven hundred billion to lend to bankers and the IMF loaning billions to bail out the two countries of Iceland and Hungary. That makes me mighty suspicious! Smells like drug money to me. Pure and simple.
As always,
BB