Speaking to Triple Crown Charlie (CFR and Trilateral Commission member and Bilderberg attendee) Rose on December 16, 2010, IMF Director Dominique Strauss-Kahn ran cover for failed Euro and IMF interventionist policies.
“I’m a big advocate of the single currency,“
Greater economic integration often leads to greater political integration, as demonstrated by the progression in Europe from the European Coal and Steel Community to the European Economic Community to the European Union and then the Euro.
“and it provides a lot of results.“
Yes, like the 110 billion Euro Greek bailout and the 85 billion Euro Irish bailout.
“CHARLIE ROSE: Can you have austerity and growth at the same time?
DOMINIQUE STRAUSS-KAHN: Well, I would answer no.“
He’s obviously unaware of or deliberately omitting that the U.S. had unprecedented economic growth from 1945-1950, in the face of federal budget cuts of over 50%.
“But the problem in the banking sector is limited to small number of banks. The big banks are safe and so I think it’s manageable.“
Safe like three of the five biggest investment banks in the U.S., one of which went bankrupt (Lehman Brothers) and two others which collapsed (Bear Stearns and Merrill Lynch) and were bought up at a fraction of their 52-week highs by the biggest commercial banks? Or safe like the biggest commercial banks that were bailed out by the federal government’s $700 billion Troubled Asset Relief Plan and the Federal Reserve’s $3.3 trillion bailout fund they fought so hard to keep secret?
Or how about Iceland’s currency going south by 80% in just four months in 2008 as a result of their three big banks going bankrupt? Or the UK’s two biggest banks being effectively nationalized? Or… You get the idea.
Speaking on the decision required by Euro countries to get out of the current crisis, Strauss-Kahn said (emphasis added):
“It’s politically very difficult. The decision will be made in the center which will overcome the sovereignty of the nations.“
He’s saying that the only acceptable decision will be made in what he refers to as “the center,” and admits it will overcome the sovereignty of the nations involved.
“DOMINIQUE STRAUSS-KAHN: Well, I think a few things. First, the Greek government is very bold. And take action as it has to be done. Of course people don’t like it. But you know, the man on the street also have to understand they absolutely needed. The Greek economy was at the edge of a cliff, and there were no other solution.“
Bob Chapman has repeatedly proposed an alternative solution for the Greeks, which I wholeheartedly endorse. Namely, defaulting on all their bankster-issued debts, pulling out of the Euro, going back to the Drachma, slashing exorbitant entitlements, and going through the immediate pain over the next five years at a minimum that is likely to be less severe than what will happen if they continue down the path laid out by the IMF and other globalist bankster institutions.
“So the question today is that many may believe wrongfully in my view that the crises is over and go back to their domestic problem and forget all about the global coordination. So our role is to try to force this coordination among the G20 countries.“
Strauss-Kahn admits that the IMF forces action on countries, despite insisting otherwise throughout the interview. Prior to the crisis in 2008, the G8 was the primary economic organization until 2009, when it was announced the G20 would be “the new permanent council for international economic cooperation,” with far greater clout to force solutions on sovereign nations.
Im obliged for the blog article.Truly looking forward to find out more.
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[...] December 19, 2010: IMF Director says IMF “forces coordination” and there’s “no other solution” to Greek-style austerity [...]
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[...] 12/19 IMF Director says IMF “forces coordination” and there’s “no other solution” to Greek-style austerity [...]
It’s the not the Greek or Irish or Spanish or Icelandic economies that are the problem, it’s the system of Charlie Rose and Dominique Strauss-Kahn that is the problem. The banking system is bankrupt, not nations. The banking system has manipulated national governments to bail them out.
The banking system is bankrupt. Put it into receivership, and establish a new Glass-Steagall oriented system centered around sovereign government national credit. Such credit would be used to direct economies towards real production, which means national water, nuclear power and maglev rail transport infrastructure projects immediately.
What is missing from this discussion is production. Production means basic economic infrastructure using the most advanced techology (not wind, solar and bicycles, but nuclear and maglev), and advanced manufacturing. Real wealth is production not bits of paper or computer digits.
We use the paper and computer bits to exchange the production. The problem is we are renting those from parasites.
The saga continues – http://www.wealthmoney.org/forums/ , where did this guy come up with this stuff?
Merry Christmas FauxCapitalist!
The growth over 1945-1950 in the face of federal budget cuts was a continuing benefit for the F. D. Roosevelt era, with the British-aligned (which really means anti-USA, yes an anti-USA administration, like the Bush and Obama ones) Truman administration beginning the process of turning American policy away from FDR.
[...] IMF Director says IMF “forces coordination” and there’s “no other solution” to Greek-style… (Hat Tip: Brian B.) [...]
[...] Faux Capitalist, December 20 [...]
“Retrace your steps, climb over the wall, then you will find the path home.” I heard that last night while on a long walk through the snow covered woods. It came out of my mouth. I heard it, and it literally happened. That was after I walked to the gas station to buy a pack of cigarettes – I left the dome light on in my truck – the battery was dead. Naturally, on the walk, I was “pillow talking” with God about monetary policy. Anyway, I believe the “wall” is a metaphor for “the understanding of how wealth exchanges”.
All the property in Greece belongs to the people who produced it. They think a large portion of it was purchased from them legitimately. They think that “money” comes from a bank. Nothing will change until they realize that when they deposit their earnings in a “bank”, they are trading stock. They are transferring stock they produced for stock someone else produced. Figure out what the stocks are in. Figure out who owns what, give them the credit side of the stock. Figure out who is a renter, give him the debit side. Cash is a generic temporary stock for exchanging real stock.
It’s like if Federal Express had a monopoly on mail and boxes, had a box garden, recycled the boxes, and keeps a portion of what your sending for the service and rental of the boxes. We don’t have to rent the boxes. They grow. Just loan each producer a few, to start putting what they produce in, to start. They are going to have to give them back before they stop producing. Nobody gets anything they didn’t produce and exchange legitimately, that would be communism. The question is how to convert to capitalism with minimal pain. Most people would rather continue to send their children to the meat grinder of war than do anything to change anything for real.
There are probably a lot of people with boxes of $100 bills and gold/silver. They don’t care if we have a viable monetary policy. They are just thinking “I’m going to be able to buy a lot of stuff when the bank and stock market crashes, not to mention I can rent it out, I’m going to do everything I can to make it happen.”
There is a certain amount of physical and electronic cash in circulation. when you transfer “money” from one bank account to another, there is no “money”, you are trading stock whether you like it or not. Most of the stock is in homes. You can only estimate what the cash value of the stock is at a given time, as long as everyone doesn’t try to all buy or sell the stock at once.
So, cash can be stored electronically or physically in a bank with your money for a fee. Its origin should be the IRCS. End this nonsense of renting currency out. You purchase something to be rented out for a portion of the stock produced. What you purchased is helping production. You go to a stock broker for that. People have to become stock and cash/money savvy. Quickly trade your stock for cash and vice versa to make transactions flow and keep everyone employed.
Over time, you’re going to find that younger producers are mostly the only ones with debits. They will be getting “free rent” for the use of the stock they initially purchase, but, the older will be selling stock to them for the convenience of hiring them and having credits to buy other stock.
Remove the façade, and see things the way they are – remove the parasites.
“Retrace your steps.”
Here’s the missing link; Cash credit represents what you have produced. Cash debit represents what you are going to produce. Some earn it fast, some slow(me). That’s capitalism.
Now I have to go to the bank with a $1000 check. I will divest the investors of $900 cash(that the banksters are making rent on), and trade $100 in stock to cover my phone bill.
Why do these guys assume I just fell off the turnip truck? http://archives2010.gcnlive.com/Archives2010/dec10/RadioLiberty/1220101.mp3 41:16.
[...] Source: [...]
MUST READ! The IMF 4-Step Scam Scheme is used again by the IMF Vultures!
IMF same exact four-step program:
1 Privatization ‘Briberization.’
2 IMF/World Bank capital market deregulation allows investment capital to flow in and out the “Hot Money” cycle.
3 Market-Based Pricing, a fancy term for raising prices on food, water and cooking gas
4 IMF and World Bank call their “poverty reduction strategy”: Free Trade- “The IMF riot.”
http://www.gregpalast.com/the-globalizer-who-came-in-from-the-cold/
[...] (FauxCapitalist) – IMF Director says IMF “forces coordination” and there’s “no other solution” to Greek-style austerity – Read More Here [...]
And by Alex Jones’ Infowars.com and Prisonplanet.com. Comments at:
http://www.infowars.com/imf-director-says-imf-forces-coordination-and-theres-no-other-solution-to-greek-style-austerity/ and
http://www.prisonplanet.com/imf-director-says-imf-“forces-coordination”-and-there’s-“no-other-solution”-to-greek-style-austerity.html
Picked up by The Coming Depression Blog
http://thecomingdepression.blogspot.com/2010/12/imf-director-no-other-solution-to-greek.html