IMF bailouts: first Greece ($39 billion in 2010) … and now Ukraine ($17 billion in 2014)…. U.S. taxpayers foot 17%

The U.S. supports the International Monetary Fund (IMF) to the tune of 17.1% of its funding. That is the U.S. “quota” percentage. But the true amount may actually be slightly more than that, due to something called “usable resources” (Zimbabwean dollars and Venezuelan pesos are not “usable” in terms of IMF lending)

Greece
When the IMF bailed out Greece with a $39 billion package in 2010, the U.S. portion of that bailout amounted to $6.669 billion. Thank you, American taxpayers.

Ukraine
The IMF just announced a $17.1 billion bailout package ($3.2 billion to be extended immediately to forestall defaults). The U.S. taxpayers ‘kick-in” amounted to $2.924 billion.

A significant amount of the IMF bailouts will be used to pay off gas debts owed to Russia.
But first… (again, thank you, American taxpayers)…:

ZeroHedge 5-6-14:  “Kiev will use the first portion of the International Monetary Fund (IMF) loan for augmenting its gold and currency reserves in order to stabilize the financial situation in the country, National Bank Chairman Stepan Kubiv said on Monday, May 5.

Over $1 billion from the first portion of the loan will go into the gold and currency reserves of Ukraine, which will strengthen the financial system of the country. The remainder will go to the budget to stabilize the macroeconomic and financial situation in Ukraine,” he said.
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To recap – The U.S. government funds 17% of the IMF budget, of which billions have flowed to, through the IMF, to Greece and Ukraine to help them pay off debts to the likes of hedge funds and Russia’s Putin.
And to provide funding to Ukraine to purchase gold and currency reserves “in order to stabilize the financial situation there.”

Novel idea:  What if U.S. citizens were also provided with the same access to their own money that the citizens of Greece and Ukraine have received, courtesy of our own U.S. government and the IMF…?

Greece and Ukraine have used U.S. funds to pay down debts and purchase gold.
Allow U.S. citizens to access credit, through a Citizens Credit Facility, to pay down our own debts and stabilize family finances.  And to purchase gold, as a hedge against a U.S. Dollar that has been losing purchasing power at a steady rate since the opening round of QE in March 2009.

It is time to level the playing field for U.S. citizens first – and time to restore economic liberty in America.

It is time now for The Leviticus 25 Plan.

 

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