Author Topic: "The IMF: Leading the Way to Financial Ruin" (Read 1708 times)

gladius_veritatis · « **on:** July 07, 2011, 03:02:47 PM »

http://dailyreckoning.com/the-imf-leading-the-way-to-financial-ruin/

The IMF: Leading the Way to Financial Ruin
By Bill Bonner

07/07/11 Paris, France – Nothing much to write about in the markets. Dow up 56 points yesterday. Oil flat. Gold plus $16.

Moody’s downgraded Portuguese debt to junk status. The IMF says it will still take the debt as collateral until all four rating agencies downgrade it. Then, the banks holding it are out of luck. They won’t be able to borrow against it. The credits won’t be good. Not even at the IMF.

The prestigious IMF was run by Dominique Strauss-Kahn…until the man was accused of rape by a New York hotel maid. The judicial system panicked and put DSK in jail. And the whole US press corps leaped to point the finger and give a he-had-it-coming scowl.

On network news…

“Finally, one brave woman has stood up,” or words to that affect, said Diane Sawyer, approvingly.

But at least here at The Daily Reckoning we kept our heads. We take for granted that DSK is a cad and a bounder. But a rapist? Not likely.

And now the hotel maid has been revealed as a liar. It doesn’t mean she’s lying about the “affair DSK,” but it is a rare district attorney who will want to put a woman like that in front of a jury.

Soon, DSK will be a free man again…and now, another frog is at the head of the IMF, Christine Lagarde. She knows nothing about banking or money either. But at least she has a nice smile and is less likely to be accused of rape.

She’ll have to face the same problems. Only, now they’re worse. While her predecessor may or may not be a menace to the female part of the human race, he was surely a menace to its money. Lending at the IMF increased 10 times under DSK. Guess where that money went? That’s right – to borrowers who can’t pay it back. Such as Greece. And Portugal.

Meanwhile, America’s central bank, under the direction of Ben Bernanke, has taken the same approach. Got a problem? Lend it more money!

The authorities in Europe and in America face more or less the same situation. They are facing up to it in more or less the same way too – either by pretending it doesn’t exist…or hoping it will go away…and/or lending more money.

And for the moment, they’re having some success. Not success at fixing the problem…but success at pretending! For the moment, they can still finance their own debts…and still bailout others…at very low interest rates.

Bill Bonner
for The Daily Reckoning

Raoul76 · « **Reply #1 on:** July 07, 2011, 03:29:00 PM »

The maid has been revealed as a liar? The Jєωιѕн press saying someone is a liar doesn't make someone a liar. When are people going to stop taking what the media says at face value? While I have no way of humanly knowing if such was the case here, it is entirely possible for ultra-rich and connected Jєωs to manipulate both the press and the American "justice" system to their liking, not to mention destroy the reputation of anyone who stands in their way. Again, not saying that I know this is what happened, but God does, and there's no getting away with anything for anybody. In fact those who try to evade Earthly justice which could be a form of penance, only make it worse for themselves on the day of divine justice.

Raoul76 · « **Reply #2 on:** July 07, 2011, 03:33:15 PM »

It should also be noted that both DSK and his even more wealthy American Jєωιѕн wife, Anne Sinclair, are practically Rothschild-like in terms of power. This still doesn't prove anything, naturally.

Raoul76 · « **Reply #3 on:** July 07, 2011, 03:43:32 PM »

The article is of course correct that his monetary policies are the usual debt-driven usurious insanity. That is why it is so dispiriting to hear people say, "Oh, DSK may have poor character but he has talent." No, he has no talent AND poor character. He is just a rich Jєω doing what rich Jєωs do, lending money and then taking their pound of flesh, starting with Greece.

But this DSK affair is dispiriting for many reasons, not the least of which is seeing women tuen on other women like rabid animals in order to protect Goliath against David, women who claim to want fair treatment and so on. It's as if the do-gooder varnish of bleeding-heart liberalism has finally worn away revealing the grinning death's head underneath... And on second thought, that is not such a bad thing!

gladius_veritatis · « **Reply #4 on:** July 07, 2011, 03:57:24 PM »

The do-gooder varnish is, as you say, wearing thin. IMO, it IS a good thing, although that which cometh will be breathtakingly ugly.

We NEED to face how bankrupt we are: financially, morally, spiritually. That is the ONLY way we will ever undertake the hard work of setting things right.

gladius_veritatis · « **Reply #5 on:** July 07, 2011, 04:12:30 PM »

Quote from: Raoul76

No, he has no talent AND poor character. He is just a rich Jєω doing what rich Jєωs do, lending money and then taking their pound of flesh, starting with Greece.

FWIW, creating and maintaining the present system DOES take talent -- it simply involves an incomprehensible misuse thereof.

Creating the 1984-BNW-Matrix took talent. Ruining the formerly-Chistian world has taken a great deal of talent. To be sure, the enemies are to be opposed; however, it is wise to not underestimate one's adversaries. Credit must be given where it is due -- even when the Money Masters (or Satan himself) are involved.

the smart sheep · « **Reply #6 on:** July 07, 2011, 10:34:27 PM »

I thought Hillary Clinton wanted the IMF job. So when I heard about the DKH controversy I thought o boy here she comes. The new IMF head is probably just like her, though.

Even though we have been tricked by the Zionists, we are all to blame for this financial muck we are in. The IMF think we are ok with all this nonsense because we keep paying the "didrachma" like Peter did in the Gospel of St. Matthew chapter 17.

There is a solution - starting with NOT PAYING THE DIDRACHMA. Tell the IRS who you are - A CHILD OF GOD.

sheep