ABOUT IMF - a New Approach

E.mail to David Enrich e Bob Davis

IMF - A vision from Brazil.

Salvador Sícoli Filho – April 21, 2009. 6:05

I´m sorry!
It seems to me that the question is: What really could be done by the new IMF!
He was in forced vacation and suddenly appeared a new tsunami.
This big one has one only origin: the fatidic blow-up of the irresponsible storm of derivatives descends from primary scandal of sub-prime. At first American banks followed by big European banks including the unsuspected Swiss banks.

What kind of trouble brought this big enticement for the whole world?

The great mistake of Mr. Obama and his youthful secretary Geithner is an easy and single consideration that by the issue of a lot of money they will bring back the solvency of American banks and consequently the same thing it will occur in the rest of the world.

Here`s we must introduce:

The main and crucial role of the IMF must be serving as a central bank of the world and change the ridiculous paper exerted by American banks, I’m so sorry.

It’s the only reason to the IMF`s revival.

The IMF must contribute not as simple loaner but as guardian of toxic assets of world.

The role of a Central Bank of World: it will received all the types of toxic bond , fix their prices and submit to a preliminary valuation, an independent appraisal and give sto the interest just only SRC - Special Rights of Coin.
That the main role of the new IMF.

And the principal, USA must use their sources and follow their rules.
There’s no other way or chance.

For one simple reason: the survival of the new generation.

Think about your sons. What kind of magic wants Obama going to do?

The apparatus employed by USA should be in vain. There’s no money to fill the unexpected hole of banks “across the universe”.

Your numbers has the power of big bomb!
Is it unbelievable US$ 4 trillion?!

That’s a long and terrible way. But it’s just the only one.

Issues and issues will bring just only quiet appearance.

The trust in the system is in necrosis.
And it´s means a real signal of a future tragedy.
There´s no banks too big to fail.That´s a great mistake
The important is protect all the people.

I’ll see you in my site in Brazil for another comments and where you can see my articles about the big tragedy that dirty the economical world.

Once again: I´m so sorry and please stop to buy Brazil. The prices are too high to buy. Take a look and stop. Only energy companies must be purchased.
I’ll see you later.

Salvador Sícoli - Enterprises Consultant - Industrial Engineer - Economical Writer –