Diary

RedState's WaterCooler 12/27/2016 - Open Thread - Subliminal Advertising; and, IMF

watercooler featured

The Very Merry Best Christmas [subliminal advertising] Commercials of 2016

Christmas 1914 [see 12/26 WaterCooler for detailed historical reference]


Monsters are people, too.


 

Christmas Egg Mog.


“You might think I don’t love my sister very much, but I do.”


For the love of dogs!


Let peace find its way.


Today in History. 27 December 1945. The International Monetary Fund was formally established on this day in 1945. The years following the Great Depression led many countries to close their borders to trade believing that strict self-sufficiency would protect it from another depression. As has been proven time and again, protectionism can be a short-term solution, but it does not work as a matter of policy. No one country can thrive as an island.

The IMF was formed, in part, to provide a safety net for member-states in times of crisis to borrow money – conditionally – with the intent to limit bleed over from one country to another. The fund would thereby guarantee continued trade and that country’s ability to pay down its debt.

The IMF defines itself as “an organization of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.” Despite its stated lofty pursuits, there are a few, Ron Paul in particular, who have little confidence in its ability to resurrect the world economy.

 


Hello, RedStaters! Welcome to RedState’s only Daily open thread. Yesterday’s ‘Cooler subject is my hands-down favorite Christmas retelling. What’s your favorite Christmas story?