In These New Times

A new paradigm for a post-imperial world

Posts Tagged ‘DSK’

Shakespeare and those French conspiracy theories

Posted by seumasach on May 31, 2011

Cailean Bochanan

31st May, 2011

The British press is awash with articles denouncing the French obsession with conspiracies theories and their belief that Strauss-Kahn has been set up. Such an idea is , of course, unthinkable to the trusting anglo-saxons. Obviously Shakespeare laboured in vain to alert us to the skullduggery implicit in power politics. His plays are a veritable compendium of manipulation techniques. assassinations, news spin and slander, some of which are remarkably modern sounding. It was during the Elizabethan period that techniques such as false flag operations were honed by Walsingham and the Earl of Essex. Even mainstream academic histories have to admit that these gentleman routinely organised “Spanish/Catholic plots’ aiming, for example, to kill the queen. This technique was known as “projecting”- the plots were, naturally, always “uncovered”. We know definitively that the Babbington plot which implicated Mary Queen of Scots in a supposed Spanish invasion was organised by  Walsingham, Elizabeth I’s intelligence chief.

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Obama, financial war and the elimination of DSK

Posted by seumasach on May 30, 2011

Thierry Meyssan

Voltairenet

28th May, 2011

It is impossible to understand the downfall of Dominique Strauss-Khan without linking it to his project for the creation of a new international reserve currency, which was to be launched on 26 May 2011 at the Deauville G-8 summit. The project was paradoxically anticipated as much by the Emerging States as by stateless capital, but rejected by the U.S.-Israeli military-industrial complex. Thierry Meyssan exposes the chicanery of the Obama administration to dodge its commitments.

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Replacing Strauss-Kahn with a Wall Street Washington appointee: “Hardliner” Lagarde is a shoo in

Posted by seumasach on May 26, 2011

Mike Whitney

Global Research

25th May, 2011

French Finance Minster Christine Lagarde has emerged as the front-runner in the race to replace ex-IMF chief Dominique Strauss-Kahn. She is a champion swimmer, an accomplished attorney, and a competent bureaucrat. She’s also a friend of Wall Street who will ferociously defend the interests of big capital. Here’s how The Guardian summed up Lagarde’s impressive resume:

“Christine Lagarde stands for protecting big banks…..she’s the most pro-bank bailout of the lot.

“The Americans are going to try and put in White House adviser David Lipton as number two. Lipton is Mr Bank Bailout. He worked for Citigroup. If they put in Lagarde and Lipton, what does that say? We are going with the total bank protection plan. That would be a disaster.” (“IMF under growing pressure to appoint non-European head”, The Guardian) http://www.guardian.co.uk/business/2011/may/19/imf-pressure-appoint-non-european-head

According to the New York Times Lagarde is not only a snappy dresser, but has plenty of friends in Washington and Wall Street. Here’s an excerpt from the NYT:

“Ms. Lagarde, the former head of the Chicago-based law firm Baker & McKenzie, lived in the United States for 25 years. Tall and stylish, with a shock of silver hair and a penchant for Chanel jackets, she is as connected and as respected in Washington and on Wall Street as in Europe.” (A Favorite Emerges for Helm of I.M.F., New York Times)

Not surprisingly, Lagarde supports weaker regulations so that banks and other financial institutions can continue to rake in windfall profits while increasing the risks to the broader economy. According to Reuters:

“I see the danger that too strict regulation at the center leads to a flight to the borderlands,” Lagarde said in an article published in the Friday edition of German newspaper Handelsblatt.” (“Too strict regulation risks flight”, Reuters)

Lagarde has also taken a hardline approach to problems in Greece and rejects the idea of debt forgiveness or restructuring. She believes that bondholders and bankers must be repaid regardless of the costs to Greek workers who have suffered through 3 years of Depression, 18% unemployment, savage cutbacks in social services, massive privatization of public assets, and a debt-to-GDP ratio that gets worse every year the belt-tightening continues. Lagarde appears to believe that the people who blew up the financial system should be rewarded for their efforts. Here’s an excerpt for the Wall Street Journal:

“French finance minister Christine Lagarde said late Monday, after a meeting with finance officials from the European Union, that a rescheduling or reprofiling of Greek debt is NOT an option….. Executing the planned austerity program, proper implementation of privatization, and commitments across the political spectrum in Greece are the key for a solution in Greece, Lagarde said.” (“France’s Lagarde: Option Of Rescheduling Greek Debt Not On Table”, Wall Street Journal)

So the belt-tightening will intensify under Lagarde, which is a signal to bankers that she can be trusted to protect their interests, and all the talk about “soft restructuring” or reforms a la Strauss-Kahn will end.

There will be no more talk about replacing the dollar with SDRs (Special Drawing Rights) either. Lagarde is not going to rock the boat. The only reforms she’ll be working on are “labor reforms”, a familiar buzzword among the financial elite for union busting.

It’s worth noting that the normally-subdued Lagarde could hardly contain herself when Bin Laden was assassinated. She even suggested that it might help to boost sales in the US. Here’s the report from Reuters:

“French Finance Minister Christine Lagarde welcomed the killing of al Qaeda leader Osama bin Laden and said his death could bolster consumer confidence and economic growth in the United States.

“The U.S. economy is like the American people. It reacts very quickly either positively or negatively,” Lagarde told France 2 television. “I wouldn’t be surprised if this event prompted a pick-up in confidence.” (“France sees U.S. economic lift from bin Laden death”, Reuters)

Of course, Lagarde’s enthusiasm was not tempered by the fact that international law forbids targeted assassinations of non-state actors. After all, “real” leaders are never constrained by something as trivial as the law.

So, it looks like Wall Street may have found a replacement for the mercurial Strauss Kahn. There won’t be any debt-restructuring, bondholders will be paid in full, and the dollar’s dominant role as the world’s reserve currency will go unchallenged.

Lagarde just announced her candidacy this morning (May 25), but already she’s won the approval of Washington, Wall Street, the big banks, and the EU heads of state. She’s a shoo in.

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Strauss-Kahn. “Presumption of Innocence”. The Establishment Eliminates A Threat

Posted by seumasach on May 20, 2011

Paul Craig Roberts

Global Research

20th May, 2011

The police and the prostitute media have made it impossible for Dominique Strauss-Kahn to get a fair trial. From the moment of the announcement that he had been arrested on suspicion of sexually assaulting a hotel maid, and before he was ever indicted, the accounts given by the police were designed to create the impression that the director of the International Monetary Fund was guilty. For example, the police told the media, which duly regurgitated to the public, that Strauss-Kahn was in such a hurry to flee the scene of the crime that he left behind his cell phone. The police also put out the story that by calling airlines and demanding passenger lists, they managed to catch the fleeing rapist just as his plane was departing for France.

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The Strauss Kahn frame-up: The Amerikan police State strides forward

Posted by seumasach on May 18, 2011

Paul Craig Roberts

Global Research

18th May, 2011

The International Monetary Fund’s director, Dominique Strauss-Kahn, was arrested last Sunday in New York City on the allegation of an immigrant hotel maid that he attempted to rape her in his hotel room. A New York judge has denied Strauss-Kahn bail on the grounds that he might flee to France.

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