* * *
And she certainly did not make the mistake to feed the homeless:
Always good to have friends in high places, especially if they are from the Rothschild dynasty…
666, how appropriate…
… and …
“This should help calm all that they’re-only-in-it-for-themselves, anti-establishment feeling out there,” quipped Globe and Mail senior international correspondent Mark MacKinnon about the verdict against Lagarde.
(COMMONDREAMS) Christine Lagarde, head of the International Monetary Fund (IMF), on Monday was found guilty of “negligence” for approving a massive government payout to business tycoon Bernard Tapie during her tenure as French finance minister.
“This should help calm all that they’re-only-in-it-for-themselves, anti-establishment feeling out there,” quippedGlobe and Mail senior international correspondent Mark MacKinnon in response to the latest charge of government corruption.
Once in while, a feel good story comes around. As we covered in our recent episode of ON THE QT @21WIRE.TV, the thought of IMF head Christine Lagarde facing trial over her $440 million pay-off to elite insider Bernard Tapie – is certain to bring a smile to many. For years, the public have had to endure watching globalist elites swooning around their jet-set circuit. From Aspen, to Wall Street, to the World Economic Forum in Davos, they pontificate about ‘economics’, and alongside their pop culture mascots like Bono from U2 seated comfortably in their Gulfstream Jets. They claim to be peddling “solutions’ and that they are somehow saving the world’s poor from abject poverty.
However, Lagarde isn’t the first international bankster luminary to be led into the dock. No sooner did previous IMF head Dominique Straus-Khanannounce during a speech the “risks for the global economy” calling for a new approach to economic policymaking, Straus-Khan was swiftly brought down after being accused of raping an NYC hotel maid. Later, he was dragged over the media coals for his membership to a elite VIP ‘sex party’ ring.
Is Lagarde involved in high level corruption, or is she being decommissioned for another reason? Or is it both?
International Monetary Find (IMF) chief Christine Lagarde will stand trial for her role in a €400 million ($440 million) payout as French finance minister in 2008 to businessman Bernard Tapie from December 12, a French court said on Monday.
Today’s Wikileaks disclosure, in which two IMF officials hinted that the IMF may use a “credit event as a means to pressurize(sic) Greece” as it has been subsequently put by Greek officials, has elicited another round of widespread anger in Athens and could jeopardize the upcoming Greek debt negotiations.
The anger has been made more acute because Greece previously accused Poul Thomsen, one of the IMF staffers caught on the leak, of effectively sabotaging talks in the past when the IMF refused to compromise on Greek pension cuts after the government proposed alternatives with an equivalent fiscal impact.
As such, hoping to ride on the latest wave of populist anger, it was only a matter of time before the country’s prime minister Alexis Tsipras officially responded to the IMF.
PARIS (AP) — International Monetary Fund chief Christine Lagarde has been ordered to stand trial in France over her role in a 2008 arbitration ruling that handed 400 million euros ($434 million) to a French business magnate.
A French court ordered the orange-skinned IMF head to finally face trial over her alleged role in the Tapie payout scandal. What is most unexpected about this outcome is that France’s top prosecutor had recommended in September that investigations against Lagarde in the case be dropped.
– Max Keiser on Greece: ‘The IMF is a Financial Mafia’ (April 28, 2010):
The only solution for Greece is to arrest the Goldman Sachs bankers immediately and all those involved in the fabrication of Greek economic data in 2000, when you became a member of the eurozone. The next step is to nationalize all banks like Sweden did in 1993. The International Monetary Fund is that last thing you need. You will lose your sovereignty. It exercises terrorism. You will be raped in such a way, that it will be the worst pain you have ever felt.
– Greece Set To Restart Negotiations, IMF “Ready To Assist” Greece, Lagarde Says (ZeroHedge, July 6, 2015):
Just hours after receiving a clear mandate from the Greek people to stand firm in the face of calls for more austerity, the Greek government, squeezed by an acute liquidity shortage in the collapsing banking sector, is set to head back to the negotiating table seeking to “restore liquidity” and find a “sustainable” solution to the country’s debt problem. From Bloomberg:
- LEADERS OF GREEK RULING AND OPPOSITION PARTIES ISSUE JOINT STATEMENT BACKING EFFORTS TO REACH DEAL WITH CREDITORS
- GREEK POLITICAL PARTIES SEEK AGREEMENT TO COVER FINANCING NEEDS
- GREEK LEADERS SAYS GOAL IS TO SECURE COUNTRY’S FINANCING
- GREEK LEADERS: DEAL SHOULD TACKLE DEBT SUSTAINABILITY PROBLEM
- GREEK LEADERS: RESTORING LIQUIDITY IS TOP PRIORITY
Speaking of finding a “sustainable” solution (i.e. one that includes writedowns), the IMF, whose well-timed report on the necessity of Greek debt haircuts might well have played a vital role in cementing a victory for the “no” vote on Sunday, is now “ready to help” the Greeks. Here’s Christine Lagarde:
If you said these are all things that current or former IMF heads are or have been accused of, you are 100% correct.
– Spot The Common Theme: Prostitution Scandals, Kickbacks And Money Laundering (ZeroHedge, April 16, 2015):
Ex-IMF chief Dominique Strauss-Kahn (DSK) – who denies charges of pimping – has told a court in northern France that prosecutors had greatly exaggerated the frequency of his “licentious evenings.” In fact, as The BBC reports, DSK explained (with a straight face) that he took part in only a few rare sex parties – “only 12 parties the last 3 years.”
As he took the stand on Tuesday, Mr Strauss-Kahn said: “I committed no crime, no offence.”
“The prosecution gives the impression of unbridled activity,” he told the court. But, he added: “There were only 12 parties in total – that is four per year over three years.”
In 2008, Lagarde decided to allow an arbitration to end a dispute between Bernard Tapie, a businessman and supporter of then President Nicolas Sarkozy, and former state-owned bank Credit Lyonnais. Lagarde, who was put under investigation for “negligence” by the Cour de Justice de la Republique, denied any wrongdoing, saying it was the best option for the state.
– Russia officially joins $50bn China-led infrastructure bank (RT, April 14, 2015):
On Tuesday Russia officially becomes a founder of the China-led Asian Infrastructure Investment Bank (AIIB). It means Russian companies can take part in infrastructure projects in the Asia-Pacific region, and could attract foreign investment into Russia.
Russia applied for membership as a founding member of the AIIB 2 weeks ago, along with another 52 countries. The founding members have the right to establish the rules guiding the bank’s activities. China reportedly had rejected requests from North Korea and Taiwan to join the AIIB. The final list of the bank’s founding members will be announced on April 15.
– Obama Issues Statement On The Death Of Saudi King Abdullah, Praises “Vision”, US-Saudi Relationship (ZeroHedge, Jan 22, 2015):
Just released by the White House:
Statement by the President on the Death of King Abdullah bin Abdulaziz
It is with deep respect that I express my personal condolences and the sympathies of the American people to the family of King Abdullah bin Abdulaziz and to the people of Saudi Arabia.
King Abdullah’s life spanned from before the birth of modern Saudi Arabia through its emergence as a critical force within the global economy and a leader among Arab and Islamic nations. He took bold steps in advancing the Arab Peace Initiative, an endeavor that will outlive him as an enduring contribution to the search for peace in the region. At home, King Abdullah’s vision was dedicated to the education of his people and to greater engagement with the world.
As our countries worked together to confront many challenges, I always valued King Abdullah’s perspective and appreciated our genuine and warm friendship. As a leader, he was always candid and had the courage of his convictions. One of those convictions was his steadfast and passionate belief in the importance of the U.S.-Saudi relationship as a force for stability and security in the Middle East and beyond. The closeness and strength of the partnership between our two countries is part of King Abdullah’s legacy.
May God grant him peace.
And while Obama was impressed by Abdullah’s vision to the “education of his people” he had no comment on the one US “ally” which has beheaded a record number of people in recent years making even ISIS blush by comarpison, as reported in US Ally, Saudi Arabia Beheads 87 In 2014, Up Over 10% From 2013 and also Record Beheadings And The Mass Arrest Of Christians.
American politicians and mainstream media are falling all over themselves praising the late Saudi King Abdullah.
King Abdullah was a man of wisdom & vision. US has lost a friend & Kingdom of #SaudiArabia, Middle East, and world has lost a revered leader
— John Kerry (@JohnKerry) January 23, 2015
— John McCain (@SenJohnMcCain) January 23, 2015
President Obama on the death of King Abdullah bin Abdulaziz. pic.twitter.com/8wXmZp6EGU
— The White House (@WhiteHouse) January 23, 2015
” Wolf Blitzer and Fareed Zakaria are almost as devastated as the sons of the King” http://t.co/8DGKRxnLDC
— Glenn Greenwald (@ggreenwald) January 23, 2015
Other Western leaders are singing from the same hymn sheet.
UK orders flags flown at half-mast for King Abdullah. Will return to lecturing the world about democracy tomorrow https://t.co/cebtl55gem
— Glenn Greenwald (@ggreenwald) January 23, 2015
— Channel 4 News (@Channel4News) January 23, 2015
— BBC Breaking News (@BBCBreaking) January 22, 2015
“He was loved by his people and will be deeply missed.” Tony Blair on the death of King Abdullah. http://t.co/BT9f5DbZpN
— Tony Blair Office (@tonyblairoffice) January 23, 2015
– The IMF And Austrian Theory ( Mises Canada,Oct 17, 2014):
Back in the early 1960s, financial journalist Henry Hazlitt warned against efforts to create an international system to help facilitate the smooth transfer of currencies. Representatives from the world’s leading governments were attempting to increase liquidity in global markets. They wanted to make sure the banking system and sovereign governments would never had a lack of funds. Hazlitt was not fooled. “In plain English” he wrote, “they are pushing for more world inflation.” His words, though accurate, went unheeded. The International Monetary Fund, which was established decades earlier, was to play a role in facilitating endless inflation.
Half a century later, the IMF has overseen a tumultuous business cycle that came to a screeching halt in 2008. Big, overleveraged banks were on the verge of collapsing; millions of people lost their jobs and their homes; governments spent billions of dollars to maintain their welfare safety nets. The end result, which is still ongoing, is stagnant economic growth with dim prospects for recovery.
H/t reader M.G.:
“Another greedy gut, the IMF leader, is being investigated for fraud………………..she is the one who tried to make banks hold 5cents on deposit for every dollar they claimed as assets……the banks would have had to borrow the money, the idea was tabled forever.”
– Christine Lagarde to be investigated for alleged role in political fraud case (Guardian, Aug 27, 2014):
IMF chief and former finance minister says decision to investigate her for alleged negligence is unfounded
The head of the International Monetary Fund, Christine Lagarde, has been charged with “simple negligence” over her handling of a controversial €400m payout to French business tycoon Bernard Tapie when she was finance minister.
Lagarde announced that she had been placed under investigation by a magistrate on Tuesday – the French equivalent of being charged in the UK – after being questioned for 15 hours at the court of justice in Paris, which deals with cases of alleged ministerial wrongdoing.
– Christine Lagarde – The Most Dangerous Woman in the World – IMF Advocates Taking Pensions & Extending Maturities of Gov’t Debt to Prevent Redemption (Armstrong Economics, June 28, 2014):
I have gone on record that the most dangerous organization is the now French led IMF with Christine Lagarde at the helm, which has presented a concept report that debt cuts for over-indebted states are uncompromising and are to be performed more effectively in the future by defaulting on retirement accounts held in life insurance, mutual funds and other types of pension schemes, or arbitrarily extending debt perpetually so you cannot redeem. Yes you read correctly, The new IMF paper is described in great detail exactly how to now allow the private sector, which has invested in government bonds, to be expropriated to pay for the national debts of the socialist governments.
I have been warning that there is an idea that has been running around behind the curtain that the national debt of the USA could be settled by usurping all pension funds in the country. Here is a remarkable blueprint that throws all previous considerations concerning the purchase of government bonds over the cliff. The IMF working paper from December 2013 states boldly:
“The distinction between external debt and domestic debt can be quite important. Domestic debt issued in domestic currency typically offers a far wider range of partial default options than does foreign currency–denominated external debt. Financial repression has already been mentioned; governments can stuff debt into local pension funds and insurance companies, forcing them through regulation to accept far lower rates of return than they might otherwise demand.”
id/Page 8 (IMF-Sovereign-Debt-Crisis)
Already in October 2013, the International Monetary Fund (IMF), suggested the Euro Crisis should be handled by raising taxes. The IMF lobbied for a property tax in Europe that should be imposed where there are no such taxes. The IMF has advocated for a general “debt tax” in the amount of 10 percent for each household in the Eurozone, which also has only modest savings.
We’ve been here before:
By January 1934, Roosevelt increased the dollar price of gold from $20.67 to $35, thus devaluing the dollar by 70 percentwhile increasing the value of gold that the government now owned.
Only this time it will be much easier since the US dollar is backed by NOTHING.
Published on Jul 1, 2014
– Official 2014 IMF Forecast Based on ‘Magic Number Seven’-Steve Quayle (USAWatchdog, July 2, 2014):
Radio talk show veteran and 10 time published author, Steve Quayle, says dark powers are at work in the financial markets at the highest levels of global government. Quayle contends, “First of all, the illuminati and the occult are one in the same with hidden meanings to the general population, but announcements to people on the inside.” At the beginning of 2014, the head of the International Monetary Fund (IMF), Christine Lagarde, gave a primer on numerology to an audience at the National Press Club in Washington, D.C. She did it as a set up to an official IMF forecast for “what we should expect for 2014.” Why is this important now? The IMF forecast was based on what Lagarde called the “magic 7,” and July is the seventh month of the year. Lagarde is overtly using numerology to forecast big changes this year and this month. For example, Lagarde pointed out that 2014 will “mark the 7th anniversary of the financial market jitters” that started in 2007. If you individually add up the numbers of the year 2014 (2+0+1+4=7), you get the number 7. Lagarde also said that 2014 “will mark the 70th anniversary, 70th anniversary, drop the zero, seven, of the Bretton Woods Conference that actually gave birth to the IMF” (7 + 0 = 7). Lagarde also said, “And it will be the 25th anniversary of the fall of the Berlin Wall, 25th” (2 + 5 = 7). Lagarde also brings up the G-20 out of nowhere. Is that a reference to a date? (G is the 7the letter of the alphabet and this might be a reference to 7/20/2014.) Quayle explains, “People have to understand the number 7 to realize why this is critical. The number 7 is used 287 times; it’s used in the Old and New Testament. What is critical about this is these people rule their lives by the stars and numerology. Never in anything have I monitored in my 25 years being on talk radio that I have witnessed such a blatant presentation of the number 7. When she says it’s ‘quite a number,’ yes, it’s God’s number, but these people worship their god and their god is Lucifer.”
– IMF states headquarters may be in China in future . China in UK securing Trade Deals right now UPDATE Yuan Trade deal reached with UK, No U.S. Dollars (Sherry Questioning All, June 17, 2014):
The U.S. is grasping at their waning control of the IMF, which is frustrating Christine Lagarde and other countries.
Lagarde said the IMF needs to make reforms but the U.S. has been blocking them. The IMF is suppose to be headquartered in the largest economy and that is going to be China in the future. Lagarde said the U.S. is blocking China, India and Brazil who are coming up strong from having a voice in the IMF.
The International Monetary Fund’s headquarters may one day move from Washington to Beijing, aligning with China’s growing influence in the world economy, the fund’s managing director Christine Lagarde said early this month.
– IMF boss Christine Lagarde quizzed by detectives in France over £270million corruption case involving French businessman (Daily Mail, March 19, 2014):
International Monetary Fund chief Christine Lagarde was today questioned by judges in Paris over a corruption scandal.
The Court of Justice of the Republic, a special tribunal qualified to judge the conduct of politicians, believe the 57-year-old may have abused her position as finance minister to help a controversial businessman.
Ms Lagarde is said to have allowed the equivalent of some £270million to be awarded to Bernard Tapie, a convicted football match-fixer and tax dodger who supported her governing UMP party.
– Rampapalooza As Cyprus-Troika Reach Deal (Updates) (ZeroHedge, March 24, 2013):
UPDATE: It appears the ‘deal’ to default/restructure the banks has been designed to bypass the need for parliamentary votes, since it is theoretically not a tax.
While we have little color on what kind of carnage the President of Cyprus had to accept to his fellow countrymen, the news is that :
- *CYPRUS, TROIKA REACH AGREEMENT IN PRINCIPLE, EU OFFICIAL SAYS
- *DEAL MADE AT DINNER WITH DRAGHI, LAGARDE, VAN ROMPUY, BARROSO
The terms, unsurprisingly what zee Germans wanted, are:
i) Laiki to be wound down;
ii) Bank of Cyprus to survive but with deposit haircuts, and
iii) deal would see secured deposits in Laiki moved to Bank of Cyprus.
In other words, a deal far worse then the original on proposed by the Eurogroup last week – when the banks still existed. The key appears to be the ‘saving’ of the insured depositors (crucial to avoid a pan-European bank run) and the crushing of the ‘whale’ depositors.
– IMF’s Lagarde Flat Raided Over French ‘Payout’ Probe (ZeroHedge, March 20, 2013):
In a follow-up to investigations over alleged wrongdoing surrounding a EUR285mm payout by the then French finance minister and now IMF head, The Telegraph reports, Christine Lagarde’s Paris flat has been raided. The fresh (if you’re an orange) faced IMF Chief, of course, denies any wrongdoing in the case of a huge 2008 compensation payment to businessman supporter of ex-President Sarkozy. On the bright side, at least there were no indiscretions in hotel rooms involved (yet it seems she is following in the strong footsteps of her predecessor DSK – how can we not trust these people?)
The Court of Justice of the Republic ordered a probe into the case under the suspicion that Lagarde had committed an abuse of power by releasing the funds to Tapie. The then socialist opposition alleged that Nicolas Sarkozy’s government was rewarding the businessman Tapie for his support during the 2007 elections.
French police raid IMF chief Christine Lagarde’s flat in Bernard Tapie probe
French authorities have searched the Paris flat of IMF chief Christine Lagarde as part of an investigation into her handling of a 2008 compensation payment to a businessman supporter of ex-president Nicolas Sarkozy, her lawyer said.
Police are investigating claims that Lagarde, when French Finance Minister under Nicolas Sarkozy, acted illegally in approving the €285m arbitration payout to Bernard Tapie.
Lagarde denies any wrongdoing.
In case some of you still think that politicians and central banksters won’t lie to you:
Flashback: Quotes from the Great Depression
In other news:
War Is Peace!
… and …
Printing Money (QE) Is Saving The Euro!
Quantitative easing (QE) = printing money = creating money out of thin air = increasing the money supply = inflation = hidden tax on monetary assets = theft!
The ECB will just delay the coming (necessary) collapse for a while. This will be EXTREMELY beneficial for the elitists and the banksters …
… and the middle class and the poor will be totally and utterly destroyed:
“When a country embarks on deficit financing and inflationism you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.”
– Ron Paul
Here is, AGAIN, where elite puppet Draghi is coming from:
– Mario Draghi (Wikipedia):
Draghi was then vice chairman and managing director of Goldman Sachs International and a member of the firm-wide management committee (2002–2005). A controversy existed on his duties while employed at Goldman Sachs. Pascal Canfin (MEP) asserted Draghi was involved in swaps for European governments, namely Greece, trying to disguise their countries’ economic status.
The ECB will have to monetize TRILLIONS of bad debt!!!
Got physical gold, silver and a remote farm (food, water, etc.)?
Central bank governor Mario Draghi overcomes Germany’s fears over inflation to announce new intervention in debt markets
– ECB introduces unlimited bond-buying in boldest attempt yet to end euro crisis (Guardian, Sep 6, 2012):
The European Central Bank (ECB) unveiled its boldest attempt yet to stabilise the battered single currency on Thursday when its president, Mario Draghi, announced a new programme of open-ended, unlimited buying of distressed government bonds.
The scheme is aimed at depressing the costs of borrowing for Spain and Italy and countering the risks of a fragmentation of the eurozone and the unravelling of the single currency.
But Draghi also set strict terms for triggering the bond-buying programme, putting pressure on the eurozone’s political leaders to request help, enter austerity programmes, and agree on direct bailouts for struggling governments before the ECB will act.
Draghi brushed aside strong resistance from Germany’s powerful Bundesbank, which lodged the only vote against the new policy in the ECB’s 23-strong governing council, to come good on his pledge in London six weeks ago that the central bank would do “whatever it takes” to save the euro.
As a side note: Gerald Celente officially supported Ron Paul … before.
YouTube Added: 09.06.2012