Thursday, May 19, 2011

Dominique Strauss Kahn: Resigns from IMF & released on bail. View from Europe- Economic Warfare

That is not a coincidence. That did not just happen.

The original excuse for not releasing DSK was because he was a flight risk. Even though his lawyer agreed he would pay a million dollars bail, which his wife had already handily raised, and wear an electronic tracking bracelet.

This was rejected by the original judge because of the flight risk
"Judge Melissa Jackson on Monday denied his bail request of $1 million, saying Strauss-Kahn was a flight risk after he was arrested on board an Air France flight to Paris"

But, that was Monday.
Today is Thursday.
What changed?

Obviously, one thing and one thing only. This morning, Thursday May 19/2011, DSK resigned as head of the IMF

From his prison cell in New York, Dominique Strauss-Kahn has announced his resignation as head of the International Monetary Fund.

There has been mounting pressure for him to tender his resignation.
US Treasury Secretary Timothy Geithner, among others, said he was in no position to head the IMF.
In fact Timothy Geithner has been very vocal, very, very vocal in calling for DSK to resign.


Lo and Behold, after he announces his resignation, there is another bail hearing and he is released!

Strauss-Kahn To Be Released On Bail

Former IMF chief will wear ankle bracelet and be monitored around the clock.

A New York judge has set bail at $1 million for Dominique Strauss-Kahn, and ordered that the French politician be placed under house arrest.


Sounds very much like what was offered Monday, before the resignation.

James wrote a very interesting piece here : The Big Split?

In it he expands on the theory of why DSK had to remain incarcerated.
From the angle of keeping him silent and controlling the message delivered to the masses through the media.
He expands on the banker vs banker theory that I had brought to light with this post.
A very enlightening read.

Thanks for sharing that with us all James!

Now from Gallier 2, who left a link to a most interesting article.-

I have put it through the translate, so it will be a little off, BUT, you will be able to come away clearly with the idea that in Europe this is seen as economic warfare & the attempt to destroy the economies of the Euro-zone.

The DSK case is a US act of war against Europe


The premise being the US is bankrupt. In more ways then one. But, I digress. The solution is to take down the Euro, to subject the euro zone to speculation. Making it easier for the US continue forcing treasury bills on the other nations- This was also the issue with the SDR's.

She said the largest economy in the world is one vast illusion because "to produce a dollar of wealth, it needs $ 6 of debt."

"For this analyst, there is no doubt that the U.S. depends on the solvency of the euro disrepute, because only a crisis of confidence in the single European currency would allow the U.S. to easily sell their future emissions of Treasury bills.

"one way or another, speculative attacks against the sovereign debt of countries in the euro area will continue, and even intensify in the coming months as the U.S. economy is now moribund. The real question is what form this may take a war of the dollar against the euro, or more precisely how far the U.S. is able to go in their destabilization maneuvers. "

The main Anglo-Saxon hedge funds (4) decided at a dinner Feb. 8, 2010 in New York, bet a concerted manner on the decline of the euro and the deterioration of European debt. He was admitted only after the Greek crisis triggered the domino effect would be a winning move, a real strike against the euro. "

The arrest of Dominique Strauss-Kahn is primarily intended to discredit the IMF, and by extension to amplify the crisis of the euro. The consequences will be direct and important, especially for Greece.

-Anglo-Saxon Hedge funds will not be deprived of the opportunity offered to them on a tray to redouble their speculations on government bonds of Greece, because the IMF is in the eyes of "markets" such as guaranteed the successful completion of the rescue plan put in place last year.

The voice of the IMF is its CEO.


So we should see the price of CDS (Credit Default Swap) on Greek debt soar, the required rate of return on Greek bonds on the secondary market surpass 15%, which would result, as indicated in Earlier this week the economist Nouriel Roubini, "that the failure part of Greece is now inevitable. "If Greece fails, then it's like a game of dominoes, all countries and that European banks will collapse, and the euro, before disappearing.
Merci Gallier!

Hoping you will get the gist of this article? The translate is lacking, but, it's a heck of a lot better then I can manage!


Bankers vs Bankers?

17 comments:

  1. thanks for the link, Pen. And you're welcome :)
    I've added an addendum that i'm not sure you would have read.

    i have to agree with the sentiments of the article that Gallier brought to your attention (thanks from me too Gallier!)

    this is about the survival of the European economies and it looks from the french/swiss article that the US Fed and co. are betting on the failure of Greece and others through derivatives (CDS) which pay off bigtime when the entity that is the subject of the Credit Default Swap fails.

    What they did to the US mortgage market and the people who invested in it, they are trying to do to the Eurozone and using the same instrument

    ReplyDelete
  2. The IMF has always pretty much been the money laundry section of Gov money all over the world. They give "Loans" with strict terms, one term is that the money must be used for improvemen¬ts and constructi¬on and it HAS to be done by specific contractor¬s. Usually largest contractor¬s in the US and Europe get it. Then the work is done cheap, and the materials are the worst quality, but 100s of billions flow from tax payers to corporations monthly around the world.
    Also, the IMF sets the stage to put countries in so much debt, they will never see daylight, which allows the IMF to send in their corporate jackals to extort resources and anything else they want from the in debited countries.

    ReplyDelete
  3. Hey James;

    went over and read the addendum
    quite good.
    Quite good indeed!

    I am going to find an old post about the vatican bank.

    There were indications then that a banker vs banker type scenario may have already been playing out.

    The article Gallier left was an eye popper, even with the crappy translation.

    ReplyDelete
  4. James you may recall this post?

    It goes along with what you are saying over at Winter Patriot...

    It also fits into the banker vs banker theme quite nicely

    http://pennyforyourthoughts2.blogspot.com/2010/09/vatican-bank-being-investigated-again.html


    "Breaking news within the last hour, and curious timing of it all.......Just days after Pope Benedict XVI's successful visit to Britain.

    Police said the Vatican Bank's chairman Ettore Gotti Tedeschi, who is known to the Pontiff, was under investigation for suspected failure to observe money-laundering laws.

    Do any of the banks observe money laundering laws?

    To understand what I mean by this comment read: US banks' role in Mexican drug trade or Banks: Liquidity via drug trade-Don't tax City of London Bankers
    or Wow, Drug money flowed into banks!

    Then tell me when it is that banks observe money laundering laws?

    Back to the Vatican bank Investigation....


    The probe was launched after tax police in Rome were alerted to two suspicious transactions totaling £19million (23million euro).


    Who notified the "tax police"?

    Some more-

    At the same time, a judge in Rome ordered a freeze on €23m (£19.5m) held in an account opened by the Vatican bank, the Institute for the Works of Religion (IOR), at another financial institution in the Italian capital. It was thought to be the first time such action had been authorised against the IOR in Italy.

    This is interesting

    Since last September, the Bank of Italy has classified the Vatican bank as a non-EU institution whose dealings with other banks are thus subject to especially close scrutiny.

    Why would the Bank of Italy do that? The private central bank of Italy?"

    there is more but, just as a refresher... this move indicated a back in Sept 10 that there was something afoot amongst the banking scum

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  5. We shall also remember that the Greek debt was set up by US banks to begin with.

    Penny, the opinion in that swiss article is absolutely fringe, meaning it's not a wide spread opinion here. The french media is still navel gazing, even the alternative media does not see further than some lame conspiracies about a set up from Sarkozy, which is ridiculous as I already explained (if Sarkozy really wanted to discredit DSK he could have let publish a lot of shit before, even the mainstream media admits that the RG (renseignement généraux) has a lot of stuff on him and Sarkozy knows how to play this kind of games (see Dominique De Villepin and the Clearstream affair).

    Even my prefered French author Alain Soral somehow is a bit short on this story.

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  6. Hey GAllier!

    I realize that would not be a mainstream opinion, but that is ok.

    The vast majority of time the msm opinion is bogus anyway.

    Using this arrest of Strauss Kahn as an example.

    You make a good point about the US banks being complicit in playing all manner of banker games when it came to the Greek debt.

    http://www.ft.com/cms/s/0/9d1be3ce-2313-11df-a25f-00144feab49a.html

    “We are looking into a number of questions relating to Goldman Sachs and other companies and their derivatives arrangements with Greece,”

    Mr Bernanke also said that the use of credit default swaps – other derivatives that protect nations against default and whose volatility has contributed to market instability in connection with the Greek debt crisis – could in some cases be“counterproductive”.

    Yah whatever Ben?


    "Greece may investigate U.S. investment banks and their role in the run-up to the Greek debt crisis which has shaken faith in euro zone economies"

    http://www.reuters.com/article/2010/05/16/us-greece-pm-idUSTRE64F0Y020100516

    US investment banks and their role in the run up to the Greek debt crisis. There is lots more info out there on the role of US banks and the debt crisis in Greece.

    More or less the US banks were betting on the Greek economy to go into crisis, so they could make a profit.

    Clearstream??

    I believe I have blogged on that topic previously??
    Connected to Russia somehow?
    Yukos?
    I am trying to recall, because this is familiar.

    ReplyDelete
  7. Want to leave a link to another article worth a read regarding DSK

    http://www.voltairenet.org/article169953.html

    Regime Change at the IMF


    ends with this

    "Without a frame-up instrumented by very powerful people acting in the background, the head of the IMF would have been treated in an entirely different way. The mayor of New York Michael Bloomberg and Timothy Geithner would have come to his rescue. The matter would have been hushed up with a view to protecting the reputation of a powerful public figure. But that did not happen."

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  8. "Without a frame-up instrumented by very powerful people acting in the background, the head of the IMF would have been treated in an entirely different way. The mayor of New York Michael Bloomberg and Timothy Geithner would have come to his rescue. The matter would have been hushed up with a view to protecting the reputation of a powerful public figure. But that did not happen."

    State complicity in crimes is usually evident from what didn't happen as the quote mentions. the other thing taht didn't happen was that the reputation of the IMF itself was not protected. Therefore the frame-up was not perpetrated by figures in control of the IMF.

    I remember the Vatican bank's troubles with the bank of Italy but that, in my opinion, was more to do with religion than banking oddly enough. More on that later.

    ReplyDelete
  9. So this is later (and it's long, I'm afraid)!

    The Vatican is against the EU and it's common currency, the Euro. The European country the Vatican had most political influence over was Poland. Poland's central bank was state owned; the only one in Europe. Poland was withdrawing from the Euro to protect its economy and there was talk of it withdrawing from the EU, too.

    Then the plane carrying the political, religious and military leadership crashed in Russia. So we can say it wasn't caused by the Russians but by someone who wanted any thoughts of foul play to be directed at the Russians. Guess who?

    So, (regarding your post from last year, Pen) the (jewish) EU banks decided that if the Vatican is against the EU, it's bank can operate under the more onerous regulations required of non-euro countries. The Vatican, with it's usual sense of entitlement, ignored this and carried on as before and didn't comply with the new, to them, regulations and got pulled up by the jewish controlled central bank of Italy, the Bank of Italy.

    The Vatican had high hopes of re-instituting a modern day Holy Roman Empire after the Second World War consisting of the eastern European countries. This was the basis of their co-operation with Nazi Germany. When Germany was seen to be going down, they shifted their allegiance to America and presumably struck a similar deal with them.

    But, the allies, meanwhile, secretly struck a deal with Communist Russia (heavily influenced if not controlled by jews) and ceded control over eastern Europe to them. It would be interesting to know the extent of jewish banker influence in this betrayal; probably a lot!

    So with the fall of the Soviet Union (with the help of the Vatican), the Vatican once again had high hopes for a catholic eastern Europe (the second Holy Roman Empire) and to use this for it's seventeen centuries long world political ambitions. But along comes the European Common Market and then the European Union dominated, once again, by Jewish interests. Poland was to be the Vatican's weapon in fighting back against these bankers.

    You will notice that the three countries that are in dire straits financially due to the actions of these bankers are Ireland, and Portugal which are both heavily catholic countries (like 90%+) and Greece which is similarly dominated by the Greek Orthodox church. You will note also that the religions of these countries are never mentioned in the media.

    There are multiple motivations behind the jewish bankers takedown of these economies but one of the principal ones is to cripple the Vatican's power.

    Given the relatively recent history of the jews against the christians in Soviet Russia, Armenia, Iraq and Palestine, I think it fairly safe to say that these zionists jews, at least, hate christians and christian churches and the Vatican, in particular.

    That is not to say these bankers have not done deals with the Vatican in the past; they have. But as they always do, they turn on their allies when they are ready. They make alliances with their opponents to weaken them and strengthen themselves.

    It seems to me that the current state of affairs reflects the growing awareness of this treacherous behaviour of these jewish bankers towards their allies that is causing them to regroup and fight back. Hence the thawed relations between the Vatican and the Crown of England as one example.

    But the apparent in-fighting amongst the bankers themselves (with jews on opposing sides) is a very unexpected development. I might be misreading it to the extent that there may not be jews in both camps. Though, that is the only conclusion I can see so far

    Any war going on over our heads between these power centres is not going to be good but it may well be better for us than the alternative.

    ReplyDelete
  10. So this is later (and it's long, I'm afraid)!

    The Vatican is against the EU and it's common currency, the Euro. The European country the Vatican had most political influence over was Poland. Poland's central bank was state owned; the only one in Europe. Poland was withdrawing from the Euro to protect its economy and there was talk of it withdrawing from the EU, too.

    Then the plane carrying the political, religious and military leadership crashed in Russia. So we can say it wasn't caused by the Russians but by someone who wanted any thoughts of foul play to be directed at the Russians. Guess who?

    So, (regarding your post from last year, Pen) the (jewish) EU banks decided that if the Vatican is against the EU, it's bank can operate under the more onerous regulations required of non-euro countries. The Vatican, with it's usual sense of entitlement, ignored this and carried on as before and didn't comply with the new, to them, regulations and got pulled up by the jewish controlled central bank of Italy, the Bank of Italy.

    The Vatican had high hopes of re-instituting a modern day Holy Roman Empire after the Second World War consisting of the eastern European countries. This was the basis of their co-operation with Nazi Germany. When Germany was seen to be going down, they shifted their allegiance to America and presumably struck a similar deal with them.

    But, the allies, meanwhile, secretly struck a deal with Communist Russia (heavily influenced if not controlled by jews) and ceded control over eastern Europe to them. It would be interesting to know the extent of jewish banker influence in this betrayal; probably a lot!

    So with the fall of the Soviet Union (with the help of the Vatican), the Vatican once again had high hopes for a catholic eastern Europe (the second Holy Roman Empire) and to use this for it's seventeen centuries long world political ambitions. But along comes the European Common Market and then the European Union dominated, once again, by Jewish interests. Poland was to be the Vatican's weapon in fighting back against these bankers.

    You will notice that the three countries that are in dire straits financially due to the actions of these bankers are Ireland, and Portugal which are both heavily catholic countries (like 90%+) and Greece which is similarly dominated by the Greek Orthodox church. You will note also that the religions of these countries are never mentioned in the media.

    There are multiple motivations behind the jewish bankers takedown of these economies but one of the principal ones is to cripple the Vatican's power.

    Given the relatively recent history of the jews against the christians in Soviet Russia, Armenia, Iraq and Palestine, I think it fairly safe to say that these zionists jews, at least, hate christians and christian churches and the Vatican, in particular.

    That is not to say these bankers have not done deals with the Vatican in the past; they have. But as they always do, they turn on their allies when they are ready. They make alliances with their opponents to weaken them and strengthen themselves.

    It seems to me that the current state of affairs reflects the growing awareness of this treacherous behaviour of these jewish bankers towards their allies that is causing them to regroup and fight back. Hence the thawed relations between the Vatican and the Crown of England as one example.

    But the apparent in-fighting amongst the bankers themselves (with jews on opposing sides) is a very unexpected development. I might be misreading it to the extent that there may not be jews in both camps. Though, that is the only conclusion I can see so far

    Any war going on over our heads between these power centres is not going to be good but it may well be better for us than the alternative.

    ReplyDelete
  11. Nice work Penny (and James)

    Willy Lowman has an interesting post which links this story to Frank Wisner, via Sarkozy.

    "But there is more than meets the eye. Nicolas Sarkozy’s step father Frank G. Wisner II"

    http://willyloman.wordpress.com/2011/05/20/strauss-kahn-and-the-cias-frank-g-wisner-another-democracy-destabilization-act-by-the-cia/

    ReplyDelete
  12. Oh, in other sex-scandal news

    "Six senior politicians in a Turkish opposition party resigned on Saturday amid a sex video scandal"

    I don't know much about Turkey and its apparently complex relationship with Israel.

    http://hosted.ap.org/dynamic/stories/E/EU_TURKEY_SEX_SCANDAL?SITE=CAVEN&SECTION=HOME&TEMPLATE=DEFAULT

    ReplyDelete
  13. hi Pen, i had trouble posting my follow up comment (it was probably too long)

    Anyway, i expanded it and made a post out of it. You can read it here

    Religions, Banks and Power

    ReplyDelete
  14. hi Pen,
    i had trouble posting my follow-up comment so i expanded it to a posted and put it up here Religions, Banks and Power

    ReplyDelete
  15. Pen, my "later comment" got out of control and grew so i put it up as a post at Winter Patriot Community

    ReplyDelete
  16. Hey Blammo:
    Your welcome!
    Glad you enjoyed the read.

    Politicians?
    What good are they?

    ReplyDelete
  17. Hey James!

    I don't know what the hell is with blogger and this spam thing?!!!

    It is extremely frustrating to me, as I am sure it is to you.

    Apologies

    I let them all through.
    Will read them tomorrow.
    sorry again James

    ReplyDelete

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