What happens when the IMF runs out of money?

[DiscoStu]

Who does the bailing out then? Or do countries just start defaulting all over the place?

[suityou01]

Who does the bailing out then? Or do countries just start defaulting all over the place?

The IMF will never run out of money. It rakes off its wedge from carbon taxes. As long as people create CO2 it will be in profit.

Countries can default anyway, the IMF can choose not to assist, just like a bank can refuse to give you an overdraft.

[DimPrawn]

The great thing about paper money (not backed by gold) is that if you run out you just "print" some more.

Ask Gordon.

[Mich the Tester]

The great thing about paper money (not backed by gold) is that if you run out you just "print" some more.

Ask Gordon.

Worked in Zimbabwe, why not here?

[TimberWolf]

WTF, it was looking as if the Pound was going to rise a teensy weensy fraction of a cent today for a change and buck its remorseless pursuit of the x-axis. But it's back to form again now.

[rootsnall]

The great thing about paper money (not backed by gold) is that if you run out you just "print" some more.

Ask Gordon.

The beauty of the current setup is that all the western govts are printing money at the same time ( and China has to go along with it or it is also in the tulip ) so nobody is being singled out and sent to the IMF. Once one country goes down, will it be bunkers and beans time

[Doggy Styles]

Who does the bailing out then? Or do countries just start defaulting all over the place?

Nobody, unless we come to a private arrangement with a rich oil nation.

But never forget who engineered our current precarious position. He won't have a clue.

[Jog On]

WTF, it was looking as if the Pound was going to rise a teensy weensy fraction of a cent today for a change and buck its remorseless pursuit of the x-axis. But it's back to form again now.

That would be the inflation report.

[Jog On]

Time to buy gold - take delivery of it and hide it under the bed?

[Mich the Tester]

Time to buy gold - take delivery of it and hide it under the bed?

If all the world’s currencies collapse then surely gold won’t be worth much either; it’s not much use. You can’t eat it or drink it. It doesn’t keep you warm in winter. You can’t use it as fertilizer, you can’t burn it.