The U.S. may have to bail out the IMF after the Greek debt crisis

Greek Debt Crisis: After the IMF Bails Out Europe, the U.S. May Have to Bail Out the IMF

It's only natural for some Americans to look at Greece's fiscal woes and say, "Too bad for Greece and Europe, and their citizens." In reality, what Americans should be saying is, "Too bad for us!"

The European Union and the International Monetary Fund are co-funding an aid package that will assist Greece's transition to fiscal solvency. In other words, the IMF will be part of the effort to bail out Greece. But who will bail out the IMF if -- or when -- it runs out of money?

You guessed it: The world's largest economy, the U.S., is at the top of the list.

Read more: DailyFinance

 

We can't bail out the IMF, we already owe China a Trillion dollars and some change. Especially if the US just prints the money up to pay China back with, we might see a little inflation from that, because there's only a few trillion US dollars floating around, the US has about a third of those dollars.