The Executive Board of the International Monetary Fund approves a ten-fold increase in the lending capacity of the “New Arrangements to Borrow” (one of the IMF’s two emergency credit windows) from 33,400,000,000 to 367,500,000,000 Special Drawing Rights.
NOTE: This is the further realization of plank number five of the “Communist Manifesto” by Karl Marx.
[added 3/20/2021] Thanks to Freedom’s Phoenix for this entry.
Subsequent Events:
References:
Press Release IMF Executive Board Approves Major Expansion of Fund’s Borrowing Arrangements to Boost Resources for Crisis Resolution
www.imf.org/external/np/sec/pr/2010/pr10145.htm
IMF Prepares For Global Cataclysm, Expands Backup Rescue Facility By Half A Trillion For Contribution To Global Financial Stability | zero hedge
www.reddit.com/r/economy/comments/bqg2d/mf_prepares_for_global_cataclysm_expands_backup/
Communist Manifesto 10 Planks
www.libertyzone.com/Communist-Manifesto-Planks.html
Current U.s. National Debt:
