News & Analysis
IMF Exploits Euro-Crisis to Create Global Money Power
Euro Area Seeks Bigger IMF War Chest on Spanish Concerns ... European officials travel to Washington this week seeking a bigger global war chest to combat the debt crisis as Spain's government battles to quell renewed market turmoil over its finances. Three weeks after European leaders unveiled emergency euro- area funding exceeding the symbolic $1 trillion mark, concerns about Spain's position have ratcheted the nation's borrowing costs to the highest levels this year. Crisis-fighting resources will dominate talks at the International Monetary Fund's spring meeting in Washington from April 20-22. – Bloomberg
Dominant Social Theme: Austerity would work if Europe would just cooperate.
Free-Market Analysis: Almost unnoticed, the world's leaders now speak in terms of trillions rather than billions (or millions) as they used to, and the IMF and central banks are leaders in this trend (see above excerpt).
The goal of the elites running these facilities is world government and the European Union is a stepping-stone to this consolidation. Austerity, the program that is supposedly stabilizing European finances, is actually an elite dominant theme that does the opposite of its stated intent.
As part of this globalist thrust, the power elite seeks to empower certain international facilities with additional funding and authority. Out of chaos ... order, as the article excerpted above once again illustrates:
Bowing to international pressure to do more while stopping short of a bolder proposal, European governments agreed last month that 500 billion euros ($654 billion) in fresh money would be placed aside 300 billion euros already committed to create an 800 billion-euro defense against contagion.
By also offering to give the IMF 150 billion euros, "European governments have done their part," ECB Executive Board Member Joerg Asmussen said April 13. "I would now expect our non-European friends and partners to contribute their part to IMF resources."
This kind of problem/solution formula is easy to understand for anyone who wants to look. The elites pursue their goals via dominant social themes, fear-based promotions that frighten people into giving up power and wealth to globalist facilities. In this case the mechanism is the "sovereign debt crisis" and the solution is to puff up the IMF with more resources.
The longer the so-called sovereign debt crisis goes on, the more the globalists utilize it to expand the power of their chosen institutions. We wrote about this phenomenon just the other day in an article entitled, "Debt Crisis Plotted to Deliver the Euro to the IMF?" Here's how we explained the genesis:
One has to keep in mind the artificiality of the current economic construct. The economy of the world is run via monopoly fiat/paper money printed by central banks. It is this system that has seemingly crashed half of the world's economy and is well on the way to delivering China into the same situation ...
The EU crisis itself, as we have often pointed out, started when certain poorer countries were given large amounts of money by Brussels to "equalize" the economy. These funds were supposed to allow the bureaucracies to address native imbalances and create fiscal health.
Of course, this money was nothing but a kind of bribe. The elites of the given nation pocketed the funds and then made sure their countries entered the EU. After this occurred, further lending took place via the elite's top, European commercial banks.
After the 2008 crash, it became clear that the EU's PIGS couldn't repay the loans. This was likely the plan all along. After this realization set in, the power elite that orchestrates this sort of thing ensured that the solution to this manipulated dilemma was "austerity."
The idea is evidently and obviously to make people so miserable that they will eventually welcome world government and world money. The power elite orchestrating this has been using what we call directed history for at least a century and probably closer to three – within the context of the modern globalist conspiracy.
The article we are analyzing today from Bloomberg suggests an expanded IMF based on the Euro crisis. But the IMF is also promoting a US$500 billion expansion via developing countries.
The justification is that the European crisis might spill over into other continents and nations. The IMF has to be prepared for via a half billion-dollar transfer from the very countries it claims to be protecting. Reuters reports the following:
Euro Area Seeks Bigger IMF War Chest on Spanish Concerns ... International Monetary Fund (IMF) Managing Director Christine Lagarde said that she is hoping to make "real progress" at this week's meetings ...
In January, the IMF said it would need $600 billion in new resources to help "innocent bystanders" who might be affected by economic and financial spillovers from Europe ... On Friday, officials from the Group of 20 nations told Reuters the world's major economies were likely to agree to provide the IMF with somewhere between $400 billion and $500 billion.
A G20 official said the fundraising effort would likely raise about $50 billion from Japan and a similar amount from China and Saudi Arabia, in addition to the $250-300 billion already committed by EU countries. Smaller amounts will likely come from countries such as Russia, Mexico and Brazil.
Thus it is that the IMF expands. It is receiving at least US$150 billion from Europe and hundreds of billions from mostly "developing" countries. It is interesting that the Reuters article and the Bloomberg article don't quite match up on the European contributions. What's a few hundred billion among friends?
In fact, nobody REALLY knows how much money is flowing at the top, or where it is headed. The point of the reports is promotional and has little to do with accuracy. The idea is to throw vast sums around as to imbue government officials with godlike powers.
Often, we discover the announcements made about funds prove not to be true. The European sovereign debt crisis was supposed to have been solved years ago, when the first announcements were made that funds had been delegated to "fix" the problem by leading European sponsors.
In fact, we have come to realize this crisis – like other crises around the world – are often manufactured ones. This is no doubt why they often last so long. The longer the crisis lasts, the more possibilities for a transformative effect.
In this case it seems obvious to us that the intent is to make citizens of the West so miserable (via "austerity") that they will welcome virtually any change, even globalism, that promises to make their lives better.
Seen through this admittedly cynical lens, the 20th century with all its "isms" and arguments for expanding government via socialism, etc., was the first part of a promotion that is now nearing its latter stages. Having successfully made people dependent on government, the powers-that-be are now removing those props in order to further their internationalist aims.
No doubt global governance will be sold the same way as were the initial governmental solutions of the 20th century – as a panacea that will somehow reduce the world's afflictions and rectify the wrongs of the "market."
Conclusion: We are not yet sure the IMF is destined to become the world's central bank – complete with an SDR global currency – but the IMF is continually showing up at the center of things as world economic chaos blossoms. More that the Bank for International Settlements or even the World Bank, it appears to be the Chosen One.
Posted by victorbarney on 04/16/12 11:53 AM
Dominant Social Theme: "Austerity would work if Europe would just cooperate."
Here's the problem, Germany, the PAYER gladly would participate, but I seriously doubt that countries such as: Portugal, Italy, Greece, and Spain(PIGS) would like it, where LIFE REALLY IS GOOD? Just saying...
Posted by steveg on 04/16/12 12:40 PM
Posted by Abu Aardvark on 04/16/12 12:55 PM
Some worthwhile links ...
Video: "Jon Stewart Exposes the Fraud of the Federal Reserve"
Click to view link
"Obama Says Legalization Is Not the Answer on Drugs"
Click to view link
"Reversing Europe's Renationalization" BY GEORGE SOROS
Click to view link
Last but not least - a gem for the German-speaking elves and feedbackers: Austrian (in nationality and economically) Andreas Toegel wipes the floor with Margrit Kennedy and her book(let) 'Occupy Money':
Click to view link
Reply from The Daily Bell
Posted by dimitri on 04/16/12 01:54 PM
All these billions and trillions are just clicks on a computer monitor too, right?
Posted by steveg on 04/16/12 02:06 PM
Posted by Bischoff on 04/16/12 02:11 PM
"The one aim of these financiers is world control by the creation of inextinguishable debts."
--Henry Ford, American Industrialist
It is an irony that the inscription above the gates of the Nazi concentration camps read "Arbeit Macht Frei" ("Work Means Freedom").
It is the financiers with the power of government who decide whether you benefit from the result of your hard work or not. The politicians and the financiers know the priorities, and they know what is needed where and when.
By confiscation, they use the results of your hard work to make it all happen. How do they do it... ??? Why do people let it happen... ???
After Sir Thoms Dale's employed Anglo-Saxon principles of holding land in setting out rules and procedures for the settlement of Jamestown in 1618, the settlement became viable and survived. These principles provided equal access to land, and to each individual the full benefit of his labor. These Anglo-Saxon principles were reflected in the first constitution writen in the New World for the Commonwealth of Connecticut in 1636.
The Connecticut constitution is the basis of the U.S. Constitution. Article IV of the U.S. Constitution requires like constitutions for every state to be able to join the Union.
The Anglo-Saxon principles incorporated in every state's constitution guarantees equal access to land through the shire system (county system) of valuing the land for use, thereby insuring the the full benefit of work performed to come to the benefit of the individual.
The attempt to steal the fruit of another's labor is as old as human kind. Though the U.S. Constitution tried to put a stop to it, the fight between the creators of wealth and the plunderers of wealth has never stopped.
Americans have the legal frame work with the original Constitution, though undermined by the 16th and 17th Amendments, to fight against the plunderers.
Today's chief plunderers are those in California who perpetrated Prop 13 on its population. Prop 13 is the camel's nose under the tent which wants to irradicate the Anglo-Saxon principles from the constitutions of of all the States.
Europe has no such problems when it comes to controlling land. Even in Britain, the Norman feudal system of holding land won out over the land holding principles of the Angles and Saxons. Alone in the world, the U.S. Constitution is the comprehensive law which provides the individual with the opportunity to fully enjoy the fruits of his labor, to save and invest as he sees fit. It makes possible the economic system known as "Capitalism" and the "free market" distribution system.
The constitutions in the rest of the world cannot match the original U.S. Constitution in guaranteeing liberty and protection of personal property.
Most countries enjoy a form of "Feudalism" with a mandated distribution system known as "Socialism".
It is the establishment of worldwide "Feudalism" with a socialist distribution system of which the the financiers and big government politicians dream. UN, World Court, IMF, World Bank, and a thousand other boards, groups, and association are the bureaucratic support organizations which makes it all possible.
"Man can live and satisfy his wants only by ceaseless labor; by the ceaseless application of his faculties to natural resources. This process is the origin of wealth. But it is also true that a man may live and satisfy his wants by seizing and consuming the products of the labor of others. This process is the origin of plunder. Now since man is naturally inclined to avoid pain - and since labor is pain in itself - it follows that men will resort to plunder whenever plunder is easier than work. When plunder becomes a way of life for a group of men living in society, they create for themselves, in the course of time, a legal system that authorizes it and a moral code that glorifies it."
--Frederick Bastiat (1801 - 1850) French politician and economist
It is time to rediscover the intent of the original U.S. Constitution... !!!
Posted by Bischoff on 04/16/12 03:49 PM
Links... .links... .links...
Have you thought of going into business as a "Links Referal Service"... ???
Posted by alexsemen on 04/16/12 04:10 PM
Just talking and talking and no action !!!
Talking is BS, action is necessary !
Other way it is beter to shut=up!
The silence is from Gold !
Posted by nithsdale on 04/16/12 05:01 PM
IMF destined to be the World Bank! Of course it is... ..in the last year it has announced the co-operative Banks now assigned areas of the world as the problems mount.
Your thesis aside, the Spanish problem is larger than you realize. Spain is not just another country. It has been the center of the spanish speaking world since Columbus enlarged it. No matter where the spanish went, they sent money and valuables back to the banks in Spain. Later givernments of their new possessions did the same. The last great "Transfer of Capital" to the Spanish Banks was when Evita took the Treasury of Argentina with her on her last "health" trip and left it all in Madrid's hands, assuring that darling Juan Peron would be leader of that country for life! Since then other transfers have been accomplished quietly. One of the biggest made the daughter of the Argentine Banker who accomplished it the wife of the heir apparent to the Dutch throne, Maxima, here and now!
You guys simply do not know your economic history. What books are you reading? Spain is being courted by all the financial groups, including the IMF. They have been dealing with the reality of that oldest central bank operating in our world for the last one thousand years! That spanish accumulation is what makes the "sephardim" so important despite changes in leadership of our world. The old sephardic families are the keepers of the stash and they have it well insulated from grasping political hands. The few serving England... your anglosphere... are their servants!
Wake up and look at the flowers around you. Take a good look at South America, Goa in India and Macau and maybe you will begin to see what has been in open view for centuries!
MMe. Lagarde knows her stuff. None of you do!
Posted by steveg on 04/16/12 08:02 PM
Nithsdale states, "MMe. Lagarde knows her stuff. None of you do!" Oh really! She gets "her stuff" aka money provided to the IMF from taxpayers dollars of various countries. Which are handed over by puppet politicians.
Posted by Agent Weebley on 04/16/12 09:29 PM
I'm thinking of posting this on the UK Telegraph website . . . the article is about "who was Britain's greatest foe."
I'm waiting for everyone to go to sleep over there.
Here it is:
How about . . . Karl Marx, with his Marxist Dialectic . . . stolen and warped from the pure thinker, Georg Wilhelm Friedrich Hegel . . . warped into something evil . . . seemingly pitching working class people against wealthy people.
But as working class people, we ended up being the "dialectic" . . . fighting amongst ourselves for a piece of each others' stuff, while the wealthy people continue to do what they have always done . . . steal from us . . . by force.
They use us to force each other . . . how weird is that? They just put some Marxist faces between them and us, such as . . . er . . . everyone in Government? Government exudes Marxism with every breath, and everyone just drinks it in . . . hoping they will be on the receiving end of someone else's stuff.
Now what are we going to do about it . . . whine forever?
Invest in ourselves and get back to work . . . ignore that useless necrotising faciitis that is destroying the world . . . in slow motion.
Here's a link to the article . . . sorry.
Click to view link
Posted by rhondabear49 on 04/16/12 11:13 PM
Hillsdale College has a free online course on the constitution
Posted by Abu Aardvark on 04/17/12 04:40 AM
What do you mean by 'thought of', Ingo? I AM in the business of providing links as a service.
And it's all for free.
Hey, here's another one:
'Owe the IRS? You're Not Going Anywhere'
Click to view link
Reply from The Daily Bell
We think many appreciate the links ...
Posted by Spectator on 04/17/12 06:07 AM
Interesting. What books do you recommend?
Posted by Spectator on 04/17/12 06:09 AM
Hillsdale College is a neo-con, warmongering institution.
Posted by bob on 04/17/12 11:48 AM
Speaking about Gold: people, you are all wrong!
The flood of fiat money must go somewhere. There are no ifs or maybes about it. Therefore, the Zionist Banking Mafia would rather see gold at $3,000 than gas at $5-7/g or bread at $10. After all, Joe six-pack is not watching gold prices...
So, be ready to see gold prices go exponentially up very soon!
Reply from The Daily Bell
So fiat is bound to bid up gold but not bread ... And this pleases the elites and is perhaps their plan? Are you sure?
Posted by Abu Aardvark on 04/17/12 12:13 PM
Ha, thank you. Nice try ...
Posted by Danny B on 04/18/12 11:09 AM
"So fiat is bound to bid up gold but not bread ... And this pleases the elites and is perhaps their plan? Are you sure? "
We're not in Kansas anymore. It appears that we are approaching Georgia. And Georgia has guidestones. As I've often maintained, this is looking like a culling more every day.
Egypt is flat broke and Egypt imports 40---60 % of it's food.
Click to view link
The way things play out in Egypt will indicate whether or not the PTB are serious about culling.
Libya had a wonderful system that would have provided lots of food for the Middle East. We bombed it and bombed the repair facilities.
Click to view link
Was this done just to limit their homegrown food or to limit their population?
We bombed it with depleted Uranium so, that is an indication.
Click to view link
Posted by expatriot on 04/20/12 11:55 AM
In the wake of pending elections here in France... about the only candidate who even mentions central banks in the blah blah he sends around to everyone's mail box is the Lyndon LaRouche candidate Jacques Cheminade (who I have had the pleasure to briefly meet though some Ron Paul supporters who invited me to a conference held by him some 4 years back). Now I've looked into LaRouche, as I have looked into Ron Paul... and indeed there is a great quote delivered by Brad Pitt (playing a sort of IRA terrorist in "The Devil's Own") where he says... "If you're not confused, you don't know what's going on."
Indeed, the La Rouche philosophy seem both a deep & complex one... thus perhaps harder to really understand than the general Ron Paul tact (which has a more popular overall simplicity)... but during that conference I asked Jacques Cheminade if Ron Paul's idea to close the fed and bring back a gold standard isn't on par with "Locking shut the front door while leaving the back door wide open."
As the super rich money lending families (the descendent mindset of those who Jesus threw out of the temple), as you have said above, have not only been manipulating the geopolitical landscape for the past 100 years (if not more like 300 or more years) but they have also been stock piling gold. Thus a gold standard might well leave them in full control if non even worse. This statement is in fact a question, not an answer.
Now from what I see in The Daily Bell, it supports Ron Paul... and frankly so do I (as a far cry closer to the truth than any other candidate near the popular vote) , but again there is that devil's own confusion of the simple fact that facts are either buried or so slippery that it is rather hard to tell who what where nor when is behind the general thrust of both the challenges and threats to our present society.
In mentioning I found Cheminade the most interesting presenting candidate on the French ticket ; my wife, a card carrying devout socialist replied acridly "Oh yeah, he is a conspiracy theorist like you are". A dead end argument tactic right our of Schopenhaur's "Art of Controversy". I gave up.
If I jumped out the window (4th floor) and then dragged myself back up the stairs to try it again, she'd still vote for the main stream socialist, François Hollande, who will not only push big & bigger expensive government programs (all which sound really lovely to the middle and lower classes as the seem to have perks) but likely bore France to death with his sheer lack of personality... while paying for it all with borrowed money sinking the sovereignty deeper into the rabbit hole of obligation (and I call this the left right left right march in the same direction as both main parties wearing that symbol of theater's happy and sad face : always does mainly what's good for the central banks, not what's good for the people)... as debt is obligation : that legalised self induced slavery to the central banking & loan shark industry which of course will save us all in the end by becoming our lord and masters... as if they aren't close enough to it now.
At least indeed, if this is not so, it is curious how many of the people implicated in these central banks seem to brag that that is what they are doing or desire.
My point being this article is clearly suggesting how austerity is being used as "dominant social theme"... but does not Ron Paul not also speak of using austerity?! Or is this, in his case, simply a middle road to avert collapse?
It is a question to be grappled with... I know in France, austerity is already here (but is threatening to grow)... things are very tough these days for most people I know and certainly for myself. What I can't figure out is if those who offer some of the principles of our forefather's constitution of a ground up government rather than a top down one... along with a real american bank... rather than this private one with "undisclosed owners", are just another mirage or do they offer real hope?
What we can be certain of is that we can not be certain of much. There is not transparency concerning what really matters. The money masters have set up not only smokescreens, but many other filters such as the media to keep us thinking about all the rather emotional subject such as abortion and gay rights while keeping the real questions, like who got the bail out money and why... fully ignored. It is the same in france... again only Cheminade mentions central banks... while some other's want to attack "capitalists"... but Mao did that ... I am a capitalist as I own my own appartement... it's not much, but it is capital... but am yet far from being rich... indeed right now grappling with unpaid bills and finding enough money to feed my 2 teenagers am struggling even with out having to pay rent, just to meet ends while food prices climb and jobs get harder and harder to find... .
a better word for 'austerity' might be 'poverty'. After all when we have permitted ourselves to war for banks, to let them change the value of the notes of exchange, to hide what they are doing from "we the people" and even impose an unconstitutional income tax to pay for the interest the generated by the issue of money (something that did not exist in the USA before the Fed) it is time to either bow down to the money lords and call Mammon lord and master... or stand up as a unified humanity and sing out "No more!" and removed these insatiable vipers... not their puppets!
Once I heard there was a sort of international debt crisis way back in ancient Greek times (and correct or not, do note : Greece invented democracy, thus the Greek crisis seems the very symbol of the loss of a people's right to democracy as the first domino to fall to decreed austerity measures)... which finally was resolved by absolving all debt and starting over.
The fact is the debtor must also be held responsible for lending money if the money is then not put to the sort of use which can promise a full return! However, when the web of these mega money deals become so complex, between countries, and corporations with who tagging a specific responsibility become like speeding in dense fog... corporations are not democracies. They are "legal persons" nor living persons... who think and feel. They have only one "moral reason" which is profit... the real term for government run by corporate interests is fascism... pure and simple. so again "we the people" for "real people" (not corporated "legal persons") need to ban together,not against the puppets, but against generations of buildup of a small clan of international money lenders pedaling workd debt as a tool to gain full control and ownership over humanity. Thus again : either bow down before these Mammons or removed these insatiable vipers by standing up as a unified humanity to sing out "No more!"
Posted by Bischoff on 04/21/12 03:00 AM
"What I can't figure out is, if those who offer some of the principles of our forefather's constitution of a ground up government rather than a top down one... along with a real american bank... rather than this private one with "undisclosed owners", are just another mirage or do they offer real hope?"
I sense your yearning to believe that the guys who wrote the Constitution knew things about governing and about money, in other words understood human nature and natural law. I sympathize with your yearning to know...
As for myself, after studying the proceedings of the Constitutional Convention, as well as the biographies of almost every delegate, I am convinced that the final document is in its individual provisions embodies natural law. There has never been a governing document quite like it.
I could go on for days to explain the reasons why.
However, the framers didn't only get the governing system right, they got the banking and monetary system, as well as the taxation system correct in conformance to natural law.
The pivotal figure in shaping the U.S. Constitution, to make it into the remarkable document it is, was not George Washington, nor Benjamin Franklin, nor James Madison, nor Alexander Hamilton, nor any other delegate. It was Roger Sherman, a lawyer and a delegate from Connecticut.
It was he who incorporated the Anglo-Saxon principles into the U.S. Constitution, which Sir Thomas Dale had applied to rescue the Jamestown settlement. These Anglo-Saxon principles were later captured in the first Constitution on the North American Continent in 1636 in the writing of the constitution for the Commonwealth of Connecticut. The Connecticut Constitution, because of Roger Sherman became the basis for the U.S. Constitution, and the Anglo-Saxon principles of the Connecticut Constitution are replicated in the constitutions of the other fortynine states according to Article IV of the Constitution.
Just as the application of the Anglo-Saxon principles saved the Jamestown settlement, so in the end will these principles save the United States.
True enough, these principles have been seriously perverted by the ratification of the 16th and 17th Amendments, and by the passage of Proposition 13 to change the California Constitution away from those Anglo-Saxon principles, but I do believe the people will sooner or later rediscover them, and they will return to the government intented by the original U.S. Constitution.
As to all the gold hoarded and assembled by the monetary elite, it has little significance, if and when the gold standard returns. The gold standard doesn't depend on the quantity of gold in existence at all.
Yes, the gold holders can get into the banking business by using their gold as equity capital, but the system of currency creation in which these banks would have to engage under the gold standard and by state charter, is the one used by George Clymer and Benjamin Franklin with the Philadelphia Bank in the creation of the Pennsylvania Pound in the 1750s (not the Pennsylvania Pound created by the Commonwealth of Pennsylvania). This type of currency is created under Real Bills Doctrine of Adam Smith. Such currency must be redeemable to conform to Section 10, Article I of the Constitution, which means that the currency would have the "store of value", as well as the "measure of value" aspects associated with gold.
Unless the bankers can use their gold to earn income by discounting Real Bills, and by bringing a redeemable currency into circulation, all the gold in the world isn't going to do them any good, whatsoever.
When the people understand how the RBD currency, when connected to the gold standard, really works, they will also understand why the Constitution is written the way it is. They will realize that it matters little who owns the gold in order to have the gold standard benefit the productive economy as well as the consumer and the saver.
If it means anything to you, I promise you that the Anglo-Saxon principles of Sir Thomas Dale, which Roger Sherman incorporated into the U.S. Constitution, as well as the ideas to create a viable currency embodied in the Real Bills Doctrine by Adam Smith, are workable, and they will secure liberty and the protection of private property.
In the light of the U.S. Constitution and Adam Smith's RBD, Keynes and Friedman are mere monetary quacks.