IMF TO SELL BONDS TO BUCK UP WORLD ECONOMIES

PLAN TO OFFER BONDS TO RICH COUNTRIES RATHER THAN EXTEND LOANS

Default on loans impossible, leads way to forclosure of poor countries

The World Bank and the International Monetary Fund is considering selling bonds to shore up teeterig economies in many developing countries rather than extend loans to them, it was announced today. 

Countries such as China has expressed interest in buying up the bonds, and India and Brazil as well have pushed for the idea. 

The bonds will replace long-term loans usually given to developing nations from advanced nations in Europe and North America. 

Represenatives from struggling developing nations rallied for the idea, saying they "didn't want to be pushed around by advanced nations any more."

They seem to think owing China is preferable to owing Western nations. 

Let's see how that works for them.