Giant steps: The IMF's global recovery blueprint

Maybe I'm missing something but this sounds very much like more of the same (Giant steps: The IMF's global recovery blueprint, April 20). And of course if we keep on doing what we have always done, expecting different outcomes, then we are nuts. This really does feel like lipstick on a pig.
And coming from the IMF, I think it's a bit like poacher turned gamekeeper for many countries.

Is there any likelihood, of China buying into EU banks? It is obvious, that China desires to gain, greater understanding, of international banking. It is also obvious that Chinese banks will not supply an understanding of international banking (Giant steps: The IMF's global recovery blueprint, April 21).
As the renimbi struggles to become a relevant currency, cash is leaving China in search of easier business models held by the west (especially in exchange trading).
So perhaps EU banks should prepare, for a large flow of Chinese capital.

Well Jose, a mechanism is needed whereby the less economically successful nations can authorise some adjustment measures to their interest rates to allow for some inflation to occur to correct imbalances in the exchange rates, etc, to enhance the nation's competitive position? (Giant steps: The IMF's global recovery blueprint, April 20.)

Why won't this bloke say it as it is? (Giant steps: The IMF's global recovery blueprint, April 20)
The Euro crisis occurred because governments borrowed more than they could afford, to fund ridiculous welfare entitlements, and when the banks they refused to regulate tanked, they had to borrow more without cutting spending. That a Greek worker with a life expectancy of 85 can retire at 54 on an indexed pension is insanity. The French are about to elect a president who wants to cut the retirement age to 60! And they can't pay their debts now. Why isn't this pundit writing a piece telling the French how dire their predicament is? The jargon riddled drivel in this piece shows the Euro focused IMF as the joke it has become.

The IMF will not save the financial world, far from it, they and their meddlesome ways guarantee they will contribute to the eventual failure of the global financial system, not that of fixing it (The IMF's global recovery blueprint, April 23).
Ask yourself this – where on earth is this extra 1 trillion war chest coming from. In reality it is just more debt conjured up by the west which they intend using to continue the failed game of smoke and mirrors. There will be no recovery. How does an alcoholic recover from persistent abuse ? That's right, he avoids the addicting stimulus of more alcohol and instead faces reality and chooses the path of sobriety. You do not give the poor bugger more of the same.
Q: So how do you fix a debt problem with more debt?
A: You can't, by doing so you only add to the problem.
The sooner we acknowledge that we are operating in a failed fiat money system where rampant unchecked credit growth is leading us to eventual collapse the better.
We need a global financial system reset. Out of the ashes will arise a system that demands honesty, accountability and a currency unit that can be counted on to be a store of wealth for future generations.
The current global casino is nothing more than a very sick joke!