41 IMF Bailouts And Counting How Long Before The Entire System Collapses?Michael Snyder But up until fairly recently, this had mostly only been done with poor nations. But now an increasing number of wealthy nations are turning to the IMF for help. We have already seen Greece, Portugal, Ireland and Cyprus receive bailouts which were partly funded by the IMF, Spain has received a bailout for its banking sector, and as I noted yesterday, it is being projected that Italy will need a major bailout within six months. How long can this go on before the entire system collapses? Well, that would depend on how much money the lender has. And so where does the IMF get their money? The IMF gets their money from a bunch of nations that are absolutely drowning in debt themselves. United States 16.75% But those countries are in trouble themselves. The U.S. has a debt to GDP ratio of over 100%. Japan has a debt to GDP ratio of over 200%. The truth is that these countries are funding the IMF with borrowed money. So what happens when the contributors run out of money and cant contribute anymore? All over the globe, an increasing number of countries are reaching out to the IMF for help. For example, on Thursday we learned that Pakistan is getting a new bailout from the IMF And the new government in Egypt is hoping that the revolution that just occurred will not stop the flow of IMF funds But what often happens with these bailouts is that the conditions that are imposed prove extremely difficult to meet. For example,Greece has not implemented all of the reforms that they were ordered to implement, and so the flow of future funds may be threatened Once a nation gets hooked on bailout money from the IMF or from other international sources, it can be very hard to get off of it. But that is what these globalist organizations like they want to be able to use money as a form of control. As we saw with Greece, sometimes a nation will need bailout after bailout. And it appears that is also going to be the case with Portugal. The Portuguese government is on the verge of collapsing and their financial situation is being described asvery fragile Right now, Portuguese bond yields are absolutely soaring and the Portuguese economy is rapidly heading into depression. Portugal is going to desperately need the assistance of the IMF. But what happens when the nations that primarily fund the IMF start failing themselves? The U.S. is a complete and total financial disaster and so is Japan. Much of Europe is already experiencing a full-blown economic depression and even China is showing signs of trouble. So if the wealthy nations fail, who is going to be there to help the poor nations? This article first appeared here at the Economic Collapse Blog. Michael Snyder is a writer, speaker and activist who writes and edits his own blogs The American Dream and Economic Collapse Blog. Follow him on Twitter here. 