News & Analysis
NYT: Arrest of IMF's Most Magnificent Man Seen as Ending the World
Talks in Greek Crisis at Key Juncture ... The arrest of the head of the International Monetary Fund in New York on Saturday comes at an especially sensitive time for its most high-profile project: saving Greece from default ... After last year's rescue of Greece, I.M.F. and European officials have now, for the most part, accepted that Greece will require another 60 billion euros in aid in order to see it through 2011 and 2012. Dominique Strauss-Kahn, the I.M.F. managing director, who was taken off an airplane destined for Paris and charged with attempted rape, had been reportedly due to meet on Sunday with the German chancellor, Angela Merkel, and to attend meetings in Brussels on Monday to discuss Portugal's economic crisis. – New York Times
Dominant Social Theme: The fall of this titan is almost too much to bear. It couldn't come at a worse time. Who can replace him?
Free-Market Analysis: The mainstream media was in visible mourning yesterday with dominant social themes and sub dominant social themes pummeling the innocent Western world. Dominique Strauss-Kahn, whose alleged predilection for seduction was apparently an open secret, was removed from a plane over the weekend and charged with sexual assault in America. With this simple act, American law enforcement unleashed a thousand elite memes, as Helen of Troy once was responsible for a thousand ships.
Unlike, say, US President Barack Obama, we do not celebrate another man's downfall, much less his death, but as a paper covering the memes of the elite, we must admit the arrest of the IMF honcho provides a bonanza of analytical occurrences.
In no particular order they include the rigor and uncorrupt ability of American law enforcement, the equal treatment under the law in America for everyone (which can be seen by the 99 percent Federal conviction rate) and perhaps most importantly The End of the World as We Know It Following Arrest of This Irreplaceable Choo-Choo of Prosperity.
This last meme is the one that was being flogged the most by the mainstream media. We can see it clearly in the New York Times article excerpted above. Without Strauss-Kahn's brilliance, work ethic (and insistence on fresh flowers every day at IMF's Washington headquarters), a number of critical negotiations were said to be jeopardized.
OK, sarcasm off. This situation is actually nothing to joke about. It is actually a personal tragedy for Strauss-Kahn (though he is said to be set to plead not guilty), for the poor individual he allegedly assaulted, and a setback for both the IMF and Europe. Here's some more from the Times, which captures the reality of the situation:
The melancholy news of Strauss-Kahn's incarceration, due no doubt to a misunderstanding, caused absolute havoc in Europe. Portugal and Spain suffered back-to-back earthquakes and a number of commercial banks declared they would go out of business on Monday. The euro bond market sank to its lowest level since its inception and several junior IMF officials committed suicide.
A number of attractive junior, female journalists on the staffs of the BBC, Reuters and Al Jazeera were said to have breathed sighs of relief but throughout Southern Europe, currencies, crashed and whole business districts were said to be burning out of control. Riots struck major cities throughout Europe and following a run of foodstuffs and resources around the world it was said that the entire developing world was teetering on the edge of incipient famine.
It is not too much to say that the Strauss-Kahn's arrest, warranted or not, has jeopardized the very survival of billions and destabilized not only the European Union, but even the physical integrity of the continent. As of this writing several volcanoes – dormant for millions of years – were said to be rumbling back to life and most ominously of all a pall of smoke was seen spreading out from Mount Vesuvius.
As the European Union itself for some reason had placed most of its non-Brussels bureaucratic offices in New Pompeii, it is likely that an eruption of Vesuvius shall cover some of the most necessary workings of EU in lava and virtually paralyze the larger mechanisms of regional government. Unless Strauss-Kahn is released from jail it is probably not too strong to suggest that Fate of Civilization hangs in the balance and perhaps the very survival of mankind.
The Times also points out that Strauss-Kahn and Greek Prime Minister George Papandreou had "engaged in private discussion months before the 110 billion euro rescue last year." While this reinforces the man-on-the-street's view that "that IMF technocrats are responsible for Greece's economic problems," It also shows how deeply involved Strauss-Kahn's was personally in the Greek bailout, according to the Times.
Not only this, but despite Strauss-Kahn's high-testosterone charm, cooperation has "been spotty at best." In fact, the Times claims that Greek bureaucrats tend to view the IMF as "spies" working for Brussels and Washington and that further Greek bailout discussions (say, weren't they were illegal to begin with?) have been "tense" and "edgy."
The Times goes so far as to suggest that "Fund experts," (say, what exactly is an IMF "expert" – someone skilled at pushing teetering economies off the proverbial cliff?) are frustrated that Greek politicians that have not imposed more "reforms" (oh, laughable word) including more privatization, more cuts in public sector employment and more "flexibility" for private sector employers to hire and fire workers.
Fortunately, the Times intimates, not all is lost. If the world by some chance does not end within the next 24 hours, it is possible that the IMF's No. 2 executive, John Lipsky, "a former U.S. Treasury executive and onetime banker at JP Morgan," shall take over in the event of a criminal investigation. The Times tells us that as first deputy managing director of the IMF, Lipsky has been "overseeing the logistics of the Greek program." This is of course an endorsement.
Our view, extreme as many might think it, is that if every UN agency vanished from the face of the earth, the globe would be a much better place. That includes non-UN agencies like the World Bank and BIS. The IMF in particular does nothing but wreak havoc on people unlucky enough to be living in nations where their psychopathic leaders have squirreled away billions leaving their countries unable to pay their bills.
The IMF's prescriptions are always the same – and never work. Taxes are raised, services are cut and national assets are sold off to favored (Anglo-American) bidders. If leaders don't go along, their countries are bullied. If countries remove themselves from the IMF's prophylactic measures, they may end up like Argentina once did, with its entire middle class metaphorically (if not actually) picking through dumpsters to find a meal.
If only the Anglosphere elite would simply take a vacation, stop printing fiat money, stop passing nonsensical laws that put millions of innocent people in prison and ruin their families, and stop fomenting wars that murder and poison millions to keep in power! This would actually be a service to the world – were the elites to stop "helping" it. But that is not likely to happen anytime soon.
Instead we will likely be subjected to more media spin and more articles like the one in the New York Times bemoaning the fate of Irreplaceable Men. It is part of the larger dominant social theme that some people are simply born to rule others and that it is no accident that the power elite has the money and power it does. We don't believe it of course. The power elite gains its power by illegally manipulating government rules for personal gain – and there's nothing especially admirable about these sorts of activities.
Conclusion: But this is the spin, nonetheless, as can be seen by the New York Times article quoted above. Every word we quoted from the article was true by the way. (You thought we made up the part in italics but we didn't.) It really is amazing what the Times has come to. And who would believe Brussels Eurocrats would export their most critical functions and place essential assets in a series of million-square-meter offices in Pompeii directly below an active volcano? Surely they are cleverer than that!
Editor's Note: Was He Set Up? Global Research has recently posted a most interesting article claiming that IMF chief Dominique Strauss-Kahn was likely captured in a so-called "honey trap." Strauss-Kahn, the article points out, had enemies in high places and the whole matter "stinks to high-Heaven." Strauss-Kahn had recently broke-free from the "party line," the article explains and was changing the direction of the IMF.
Evidence? Progressive economist Joseph Stiglitz in a recent article titled "The IMF's Switch in Time" made the following points: "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."
And here's a key paragraph: "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.
The article suggests that there is not going to be any change at the IMF, moving it in a more distributive and less exploitative direction. "Strauss-Kahn broke ranks and ventured into no man's land," the article concludes. "That's why he was set up and then crushed like a bug."
Additionally, the article notes that Strauss-Kahn is being replaced by the IMF's number 2, "John Lipsky, former Vice Chairman of the JPMorgan Investment Bank." How's that for change you can believe in? the article asks.
Edited on date of publication. The italic material "from the New York Times" in the MIDDLE of first article was developed by DB Elves and is intended as a joke. Do not therefore take it seriously or attempt such things at home (as injury may occur).
Posted by Bischoff on 05/17/11 09:30 PM
The importance lies in the area where people's "realities" overlap.
Just give it some time, you'll come around to my way of thinking eventually......LOL
Posted by bionic mosquito on 05/16/11 09:02 PM
One more place where we agree. It is so rare, I thought it worth mentioning!
For a minority to control a majority, the majority must go along willingly - whether knowing or unknowing is a different issue; to your point about understanding how the world really works.
Posted by Wayne on 05/16/11 08:45 PM
Now everybody assume the position and sing
The true ruler of the US.
Ruling from his castle in Anaheim, Ca.
So wave your banner high, or die!
Posted by Bischoff on 05/16/11 07:35 PM
The ability to coerce can only be successful, if applied on a willing or susceptible subject. Willing or susceptible subjects, easily coerced by power directed against them, have to learn to stand up. Trying to understand how the world really works is a step in fighting coercive power. Nobody should let himself be coerced, period.
Posted by MetaCynic on 05/16/11 05:51 PM
It's tempting to see more here than really exists. Sometimes things are just what they appear to be.
A honey trap is intended to exploit a person's known weakness for carnal pleasure. How could this be a honey trap unless those who set it up, including the woman assaulted by DSK, knew in advance what the tragic outcome for her would be? Is DSK's predilection for sexual assault so predictable? It's possible that the "victim" was bribed by DSK's enemies to falsely accuse him, but it does appear that he departed in a hurry leaving behind his cell phone among other things.
Could the police have known more about him other than that he is an important European banker accused of assaulting a hotel employee and then attempting to flee the country? I doubt that even the chief of the NYPD, much less the rank and file who arrested DSK, is familiar with the IMF's sordid significance in global banking.
I think that DSK's fall is most likely just an unexpected, but not unsurprising, flat tire in the elite's financial juggernaut rolling on bald tires. The mundanes will gawk and snicker as the flat tire is removed and replaced with another bad one. Not to be stopped, the contraption will once again lurch on its way, and the incident will disappear in a memory hole.
Posted by CJM on 05/16/11 05:17 PM
"Unless Strauss-Kahn is released from jail it is probably not too strong to suggest that Fate of Civilization hangs in the balance and perhaps the very survival of mankind." Who is this man--God? Seems to me that part of being a RESPONSIBLE person is to mind your manners; if his position is this important, then he should have learned as a young man to keep his pants zipped or at least have a fully closed bath robe on when others are present in your house. Strauss-Kahn doesn't seem like a very magnificent man considering his alleged predatory attack on a hotel maid. I do not believe that this incident was any sort of misunderstanding. The judge made the right call in keeping this scum locked up. I'm tired of officials getting off and acting as if they are above the law. His wealth and the protection Europe would provide him would mean that justice in America could not be served. If convicted, he should receive the same sentence any other sexual predator would recieve; once released, he should be deported and never again allowed in the US.
Posted by rossbcan on 05/16/11 05:15 PM
"without the assistance of this "deal maker" then it really is in trouble."
Clearly, you missed DB's point of ridiculing the whole "far apart" concept.
Posted by gordon on 05/16/11 04:58 PM
Sorry DB on this occasion I have to disagree with you. I laughed like hell at this fat unhealthy puffed up testosteroned clown being dragged off an aircraft prior to take off (he probably was on his second glass of champagne when disturbed) if the western world cannot function without the assistance of this "deal maker" then it really is in trouble.
Posted by dotti on 05/16/11 04:47 PM
I don't watch a whole lot of stuff on tv, but several months ago I saw what I would call a panel that included Strauss-Kahn and several other big-time bankers. I'm pretty sure that our own Ben was one of them. Strauss-Kahn made a big deal of saying something like: This just proves the need for "global governance". I put global governance in quotes because that is the phrase that I specifically remember that he said, the rest being a paraphrase.
I don't know if this is a surprise to anyone who watches this stuff more than I, but i thought i'd post it just in case someone would find it interesting.
Posted by dotti on 05/16/11 03:58 PM
Posted by Greg on 05/16/11 03:25 PM
Here is an interesting aspect as far as balance of power among the elites. A former professor of mine was a former attorney at the IMF, and he said that there is a gentlemen's agreement that the head of the IMF would always be a European, and the president of the World Bank would always be an American. Now we have an American criminal prosecution which may result in an American at least temporarily in charge of the IMF as well as the World Bank. I wonder when the US's annual IMF report is scheduled for, or if anything else will happen in the near future which may make the IMF more important for the US than usual.
Posted by Bluebird on 05/16/11 03:06 PM
Zenbillionaire,Re: computer problems. Mine is an older computer. It uses Java, I think, as it is always updating. I have the newest Firefox browser. It is fast loading on MSM sites, but bulks at this website and also my webmail. Just recently started doing it. My scans say it is clean. It has been horrid this day though.
Dotti, I know what you mean by this being the only place you can comment with like minds. As Zen said the other day, things we agree on here go over like a lead balloon with others. I appreciate all of you. :-)
Posted by rossbcan on 05/16/11 02:33 PM
Gerald Celente weighs in on this issue:
Click to view link
Posted by rossbcan on 05/16/11 02:25 PM
"From whence does the idea eminate that those men are a "cut above"?"
It comes from the "ability to coerce" (power) of the hiarchical position:
Click to view link
You could place Mickey Mouse at head of the IMF and, so long as he could exercise the power he would be considered a "cut above". Same with the presidency. You disrespect power at your own peril. The respect, IMHO as time goes on is morphing to abject terror. In the near future, the general terror of disobedience will be far less than terror of obedience.
Posted by Zenbillionaire on 05/16/11 02:18 PM
"I've had computer issues this am, also"
Posted by Bischoff on 05/16/11 02:05 PM
...the idea is always that such top men are a "cut above."
From whence does the idea eminate that those men are a "cut above"?
The answer is, it comes from the very men themselves. The problem is that the rest of us believe it. There no need to do so... Their ideas as well as their behavior is as fallible as those of us "lesser" people.
The take down of Dominique Kahn-Strauss in New York City reminds us to be sceptical of people who think they are anointed.
Posted by dotti on 05/16/11 01:56 PM
I just saw on CNN that DSK is Bernie Madoff's first cousin. Imagine that!!!
Posted by dotti on 05/16/11 01:53 PM
as much as i hate to laugh at a fellow human being's expense...I did...out loud...and enjoyed it.
robku, thanks for the laugh. you're probably having a good old fashioned southern hissy fit right now.
and thanks mosquito.
Posted by rossbcan on 05/16/11 01:49 PM
If we think, we pass judgment:
Click to view link
Ouch, Bug, that musta stung:)
Posted by bionic mosquito on 05/16/11 01:44 PM
"WHO THE HELL ARE EACH OF YOU TO PASS JUDGEMENT..."
A mosquito, and I will pass judgment. You are a nut.