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Nothing is what it seems. Possible USA State Dept., US Treasury Dept and the notorious CIA are|
also involved in the conspiracy.
With the United States, anything goes when US interests are threatened.
IMF chief Strauss-Kahn caught in "Honey Trap"
by Mike Whitney
May 16, 2011
I have no way of knowing whether the 32-year-old maid who claims she was attacked and forced to perform oral sex
on IMF chief Dominique Strauss-Kahn, is telling the truth or not. I'll leave that to the braying hounds in the media who
have already assumed the role of judge, jury and Lord High Executioner. But I will say, the whole matter smells rather
fishy, just like the Eliot Spitzer story smelled fishy. Spitzer, you may recall, was Wall Street's biggest adversary and a
likely candidate to head the SEC, a position at which he would have excelled. In fact, there's no doubt in my mind that
if Spitzer had been appointed to lead the SEC, most of the top investment bankers on Wall Street would presently be
making license plates and rope-soled shoes at the federal penitentiary. So, there was plenty of reason to shadow
Spitzer's every move and see what bit of dirt could be dug up on him. As it turns out, the ex-Governor of New York made
it easy for his enemies by engaging a high-priced hooker named Ashley Dupre for sex at the Mayflower Hotel. When the
news broke, the media descended on Spitzer like a swarm of locusts poring over every salacious detail with the ebullient
fervor of a randy 6th-grader. Meanwhile, the crooks on Wall Street were able to breathe a sigh of relief and get back to
doing what they do best; fleecing investors and cheating people out of the life savings.
Strauss-Kahn had enemies in high places, too, which is why this whole matter stinks to high-Heaven. First of all, Strauss-Kahn
was the likely candidate of the French Socialist Party who would have faced Sarkozy in the upcoming presidential elections.
The IMF chief clearly had a leg-up on Sarkozy who has been battered by a number of personal scandals and plunging approval ratings.
But if Strauss-Kahn was set up, then it was probably by members of the western bank coalition, that shadowy group of self-serving
swine whose policies have kept the greater body of humanity in varying state of poverty and desperation for the last two centuries.
Strauss-Kahn had recently broke-free from the "party line" and was changing the direction of the IMF. His road to Damascus
conversion was championed by progressive economist Joesph Stiglitz in a recent article titled "The IMF's Switch in Time". Here's
"The annual spring meeting of the International Monetary Fund was notable in marking the Fund’s effort to distance itself from its
own long-standing tenets on capital controls and labor-market flexibility. It appears that a new IMF has gradually, and cautiously,
emerged under the leadership of Dominique Strauss-Kahn.
Slightly more than 13 years earlier, at the IMF’s Hong Kong meeting in 1997, the Fund had attempted to amend its charter in order
to gain more leeway to push countries towards capital-market liberalization. The timing could not have been worse: the East Asia
crisis was just brewing – a crisis that was largely the result of capital-market liberalization in a region that, given its high savings
rate, had no need for it.
That push had been advocated by Western financial markets – and the Western finance ministries that serve them so loyally.
Financial deregulation in the United States was a prime cause of the global crisis that erupted in 2008, and financial and
capital-market liberalization elsewhere helped spread that “made in the USA” trauma around the world....The crisis showed
that free and unfettered markets are neither efficient nor stable." ("The IMF's Switch in Time", Joseph Stiglitz, Project Syndicate)
So, Strauss-Kahn was trying to move the bank in a more positive direction, a direction that didn't require that countries leave
their economies open to the ravages of foreign capital that moves in swiftly--pushing up prices and creating bubbles--and
departs just as fast, leaving behind the scourge of high unemployment, plunging demand, hobbled industries, and deep recession.
Strauss-Kahn had set out on a "kinder and gentler" path, one that would not force foreign leaders to privatize their state-owned
industries or crush their labor unions. Naturally, his actions were not warmly received by the bankers and corporatists who
look to the IMF to provide legitimacy to their ongoing plunder of the rest of the world. These are the people who think that the
current policies are "just fine" because they produce the results they're looking for, which is bigger profits for themselves
and deeper poverty for everyone else.
Here's Stiglitz again, this time imparting the "kiss of death" to his friend Strauss-Kahn:
"Strauss-Kahn is proving himself a sagacious leader of the IMF.... As Strauss-Kahn concluded in his speech to the Brookings
Institution shortly before the Fund’s recent meeting: “Ultimately, employment and equity are building blocks of economic
stability and prosperity, of political stability and peace. This goes to the heart of the IMF’s mandate. It must be placed at the
heart of the policy agenda.”
Right. So, now the IMF is going to be an agent for the redistribution of wealth.... (for) "strengthening collective bargaining,
restructuring mortgages, restructuring tax and spending policies to stimulate the economy now through long-term
investments, and implementing social policies that ensure opportunity for all"? (according to Stiglitz)
Good luck with that.
Can you imagine how much this kind of talk pisses off the Big Money guys? How long do you think they'd put up with this
claptrap before they decided that Strauss-Kahn needed to take a permanent vacation?
Not long, I'd wager.
Check this out from World Campaign and judge for yourself whether Strauss-Kahn had become a "liability" that had to be
eliminated so the business of extracting wealth from the poorest people on earth could continue apace:
"For decades, the International Monetary Fund (IMF) has been associated among anti-poverty, hunger and development
activists as the poster child of everything wrong with the rich world's fiscal management of the rest of the world, particularly
of poor nations, with its seemingly one-dimensional focus on belt-tightening fiscal policies as the price of its loans, and a
trickle-down economic philosophy that has helped traditional wealthy elites maintain the status quo while the majority
stayed poor and powerless. With a world increasingly in revolution because of such realities, and after the global financial
crisis in the wake of regulatory and other policies that had worked after the Great Depression being largely abandoned,
IMF managing director Dominique Strauss-Kahn has made nothing less than stunning observations about how the IMF
and the world need to change policies.
In an article today in the Washington Post, Howard Schneider writes that after the 2008 crash led toward regulation again of
financial companies and government involvement in the economy, for Strauss-Khan "the job is only half done, as he has
been leading the fund through a fundamental rethinking of its economic theory. In recent remarks, he has provided a
broad summary of the conclusions: State regulation of markets needs to be more extensive; global policies need to create
a more even distribution of income; central banks need to do more to prevent lending and asset prices from expanding
too fast. 'The pendulum will swing from the market to the state,' Strauss-Kahn said in an address at George Washington
University last week. 'Globalization has delivered a lot . . . but it also has a dark side, a large and growing chasm between
the rich and the poor. Clearly we need a new form of globalization' to prevent the 'invisible hand' of loosely regulated markets
from becoming 'an invisible fist.'" (http://wcampaign.org/issue.php?mid=625&v=y )
Repeat: "...a fundamental rethinking of economic theory".... (a greater) "distribution of income"...(more) "regulation of financial
companies", "central banks need to do more to prevent lending and asset prices from expanding too fast".
Are you kidding me? Read that passage again and I think you'll agree with me that Strauss-Kahn had signed his own death warrant.
There's not going to be any revolution at the IMF. That's baloney. The institution was created with the clear intention of ripping
people off and it's done an impressive job in that regard. There's not going to be any change of policy either. Why would
there be? Have the bankers and corporate bilge-rats suddenly grown a conscience and decided to lend a helping hand
to long-suffering humanity? Get real.
Strauss-Kahn broke ranks and ventured into no man's land. That's why he was set up and then crushed like a bug.
(Note: Strauss-Kahn has been replaced by the IMF's number 2 guy, John Lipsky, former Vice Chairman of the
JPMorgan Investment Bank. How's that for "change you can believe in"?)