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China Central Bank Lays It Down: "New IMF Leadership Should Reflect New World Order"

Tyler Durden's picture


There's a funny thing about the New World Order: it eventually gets too big and bites the hand the feeds it. Enter the PBoC: "The new IMF leadership needs to reflect changes in the world economic order and be more representative of emerging market economies, Chinese central bank governor Zhou Xiaochuan said Thursday in his first public comments since the arrest of Dominique Strauss-Kahn. "The senior management team of the IMF should better reflect changes in world economic patterns and should be more representative of emerging market economies." Translation - no more European of American cronies. It is also probably safe to say that Lagarde's odds of pulling the white smoke out of the conclave bag have just plunged. It is also safe to say that with China now unofficially Europe's backstopper (and there were those wondering why China is buying all those Spanish and Portuguese bonds), what China wants, China gets.

From Market News:

 Zhou also said he regretted Strauss-Kahn's decision to resign as the Managing Director of IMF.

"The current world economy is recovering slowly from the financial crisis and the European sovereign debt crisis is at a key stage. A powerful IMF support is needed to overcome current difficulties facing Europe and ensure world economic developments are on a robust, sustainable and balanced track," Zhou added.

German Chancellor Angela Merkel reiterated earlier today that the next head of the International Monetary Fund should be a European again.

And so the stage is set for the next big geopolitical theater: Germany vs China over the largely symbolic issue of who gets to scare the Sofitel maids next.


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Thu, 05/19/2011 - 08:31 | 1290790 ivana
ivana's picture

ha ha ha :-)

in your dreams only

Thu, 05/19/2011 - 08:36 | 1290811 Michael Victory
Michael Victory's picture

What ever you want China.

Resource grab looms, on the road to 7B.


Thu, 05/19/2011 - 09:14 | 1290930 Spirit Of Truth
Spirit Of Truth's picture

"Behind the mask of diplomatic and political cooperation and partnership with the United States and Europe, the current Russian leaders are following the strategy of their predecessors and working towards a 'New World Order'. When the right moment comes the mask will be dropped and the Russians with Chinese help will seek to impose their system on the West on their own terms..." - Anatoliy Golitsyn's Memorandum to the CIA: FEBRUARY 1993 - The Importance Of The Strategic Factor In Assessing Developments In Russia And Communist China

Thu, 05/19/2011 - 18:32 | 1293675 unum mountaineer
unum mountaineer's picture

ICBW, might be a "things that make you go hmmmm" moment for me.....Review posts from "ANOTHER". References party lines to the effect of Chinese backstopping, ally effect and influence over the then unfolding EU.

Thu, 05/19/2011 - 09:15 | 1290951 chubbar
chubbar's picture

There's a hidden resource grab going on right under our noses. NWO stuff


Re: ‘Treasured Landscapes: An Act…to steal land from the states’

As for the BLM… I live in rural NE Nevada – an area whose economy is anchored in ranching and mining. 

I sit on the Wells, Nevada planning and zoning committee and also represent Wells on the Elko County Local Emergency Planning Committee (LEPC). Wells has a population of around 1,400. 

In the Wells P&Z, once a year we look out within a 30-miles circle surrounding us – called the ‘sphere of influence’ – on how we will impact the area and how it will impact us going into the future.

Economically, the housing bubble came and went without affecting us much here and people wondered when we were ever going to be affected by the economic boom taking place the rest of the country. 

That began to change a couple of years ago when gold was discovered in the Pequop Mountain Range 20 miles to our East and various exploratory companies began drilling to find that the mountain was one of the richest deposits of gold ever found in the U.S.. 

The primary companies doing the exploration were Frontier on the east and AuEx on the west side of the mountain. Frontier made a deal to buy the AuEx and recently sold their holdings to Newmont Gold. Frontier, like Barrack Gold – the largest gold mining corporation in the world – presents itself as a Canadian company. 

A few years back I heard someone say in a radio interview that Newmont Gold was owned by the Crown. I emailed him and asked him what his source of that statement was and he said that is what they told him when he took the executive tour.

Newmont and Barrack do the lion’s share of the gold mining in Nevada and own the entirety of the Carlin Gold Trend reserves.

In doing a search on Barrack, I found the corporation went to Canada, and that corporation – like Newmont – was owned by a parent corporation in South America – and that corporation was held by another entity called Crown Holdings

An insight into the crown is provided in this short (3:38) video…

‘World Economic Super Power’

“Contrary to popular belief, the Crown is not the Royal Family or the British Monarch – the Crown is the private City State of London. It has a council of 12 members who rule the corporation under a mayor called the Lord Mayor. The Lord Mayor and his 12-member council serve as proxies or representatives to sit in for 13 of the world’s wealthiest, most powerful banking families…” 

So, the question is:  Why would we allow foreign holdings of our natural gold resources?

Let’s put that on the shelf for a moment. 

About the same time as the exploratory gold drilling began, a company called ICI (International Charter Incorporated) approached the City of Wells saying they wanted to rent the city owned airport hanger. The CEO of the company was Oregon State Senator Brian Boquist who said the had a grant for the reforestation of Pinion Pines – which are generally considered to be an invasive nuisance to ranching. ICI is listed as a Private Military Company (a PMC) and Boquist is a Special Forces lieutenant colonel in the United States Army Reserve. It also came out that the land granted to him from BLM would also be used as a private military training facility. 

Let put that on the shelf for now also. 


Thu, 05/19/2011 - 10:21 | 1291264 Atomizer
Atomizer's picture

That's referred to as UN Agenda 21.

Thu, 05/19/2011 - 14:10 | 1292491 Cathartes Aura
Cathartes Aura's picture

understanding the history and significance of "the City" also allows a deepening awareness of the history behind "the District" of Columbia, both being separate from their nationstates. . .

thanks for your post chubbar, very interesting.

Thu, 05/19/2011 - 13:53 | 1292424 ivana
ivana's picture

wtf, why i was junked so much? so many chinese here?

I was just realistic about IMF

Thu, 05/19/2011 - 08:31 | 1290791 Sqworl
Sqworl's picture

Tyler: What China wants..China gets!! Brilliant...x

Thu, 05/19/2011 - 09:08 | 1290921 snowball777
snowball777's picture

Some powers that be, you just can't get what we had here last week...

Thu, 05/19/2011 - 09:46 | 1291085 infotechsailor
infotechsailor's picture

which is the way Chinaman wants it... well, Chinaman gets it.

Thu, 05/19/2011 - 08:32 | 1290793 TheEmperor
TheEmperor's picture

I expect to receive large sympathetic support for my leadership of the IMF (Imperial Monetary Fund). 

Republic credits will no longer be accepted here.

Thu, 05/19/2011 - 11:45 | 1291693 RichyRoo
RichyRoo's picture

+300 Quatloos

Thu, 05/19/2011 - 08:35 | 1290794 jus_lite_reading
jus_lite_reading's picture

Well played by China. Like a giant chess game they calculate every move first. Now we just have to wait for China to say "checkmate" and then the real fun begins. Hope you got your food silver gold and ammo ready.

Thu, 05/19/2011 - 10:44 | 1291381 Troll Magnet
Troll Magnet's picture

i do a lot of business with chinese and their sentiments are pretty unified toward america: "you keep policing the world with money you don't have. we're just going to continue to accumulate wealth and hoard everything."

btw, how many of us(americans) read/speak chinese? because my business contacts in china are always reminding me that their students are learning our language and reading our literature.

we are SO not going to win this race against china.

Thu, 05/19/2011 - 14:20 | 1292552 Cathartes Aura
Cathartes Aura's picture

the "next generation" of amrkns can barely speak/write their native language, let alone master one that incorporates elements of abstraction, concepts.

"citizens" are raised/trained to fulfill their functions, hmm.

Thu, 05/19/2011 - 08:32 | 1290795 Sutton
Sutton's picture

Fuck China.

Put up tarriffs and watch them eat copper flavored flied lice, I mean fried rice.

Thu, 05/19/2011 - 08:43 | 1290829 nathan1234
nathan1234's picture

Sure Fuck China. But the US must be fucked first since it is responsible for what it has done to the world.

I guess the US need not be worried about tariffs since it does not have money to buy in the first place.

Thu, 05/19/2011 - 09:18 | 1290968 The Navigator
The Navigator's picture

But then where would we get our iPads from? And cheap sneakers?


Thu, 05/19/2011 - 09:21 | 1290979 thriftymost
thriftymost's picture


The Chinese grow their own food.




Thu, 05/19/2011 - 10:11 | 1291216 DOT
DOT's picture

Until they don't. Starvation is an economic policy tool in china. In China they will endure privations; the US exports.

Thu, 05/19/2011 - 11:17 | 1291550 thriftymost
thriftymost's picture

Dude, I'm in China.  Nobody's starving here.




Sun, 05/22/2011 - 22:11 | 1300968 Arttrader
Arttrader's picture

Dude, your presence in China does not change that they are net importers of food.

Thu, 05/19/2011 - 14:27 | 1292575 Cathartes Aura
Cathartes Aura's picture

the US fud is heavily Monsanto'd - the rest of the world is increasingly aware, and resistant, to this fact.

Thu, 05/19/2011 - 08:36 | 1290803 Re-Discovery
Re-Discovery's picture

Someone actually debated China's intentions on here with me a couple of weeks ago.

World domination.  Simple.  Just like every other budding Superpower in history.

Thu, 05/19/2011 - 08:41 | 1290819 Snidley Whipsnae
Snidley Whipsnae's picture

You are no doubt correct Re Discovery...

I have been watching the clever manuvering by China for many years.

What amazes me is that the actions of the SCO go mostly unreported in the US. Most don't know what the SCO is or which countries are voting members. Typical of American's myopia.

A wake up call is coming...

Thu, 05/19/2011 - 08:48 | 1290850 Sean7k
Sean7k's picture

Love the Regional Anti-Terrorist Council (RATS). Have to admit, it was all news to me. Thanks for the reference Snidley.

Thu, 05/19/2011 - 08:56 | 1290868 pazmaker
pazmaker's picture

The SCO ... The Southern College of Optometry???


Just kidding!


You know the members of the SCO are the kingdoms mention in Ezekial in the War of Magog as interpreted by some bible scholars. If Turkey and Iran join it would fit exactly.

Thu, 05/19/2011 - 08:48 | 1290849 writingsonthewall
writingsonthewall's picture

You mean like the US?

I think you'll find the Chinese are less obsessed by power than you think - I mean for example, how many wars are China leading at the moment? How many Chinese spies have been caught in the past decade compared to other nations? How often is China caught backing terrorists or being behind a plot? (see Mujhadeen and OBL) Why hasn't China already dumped all the UST's and killed off the USA economically? (it would make sense if you want world domination)

Don't tar others with the same brush you apply to yourself. if anything it shows that China is not interested in world Domination at all - because it's there for the taking...but they don't seem interested.

You seem to be falling for the same old trick your Government always plays - it creates a 'bogeyman' with mis-information - then it declares war and the people think it's justified and that they are in the right.

Thu, 05/19/2011 - 08:58 | 1290874 Sean7k
Sean7k's picture

While I agree that the US has no standing in the world domination debate, the Chinese can do war by proxy, their spies not getting caught shows they concentrate on industrial espionage(evidenced by their production copies), they can't dump treasuries without hurting themselves, but more important than all of these: it is easier to dominate the world with a partner (the US) than it is by yourself. 

The Chinese are just as obsessed with power as any other state. Military expansion, world trade organizations, prolific pronouncements on any issue involving economic or military power. 

Work for the Chinese long?

Thu, 05/19/2011 - 09:57 | 1291134 Bubbles the cat (not verified)
Bubbles the cat's picture

Just started. Any tips?

Thu, 05/19/2011 - 09:19 | 1290956 snowball777
snowball777's picture

how many wars are China leading at the moment?

Ask a Tibetan or a Uighur in Xinjiang.

Why hasn't China already dumped all the UST's and killed off the USA economically?

Note the monotonically dropping USD reserves and T holdings.

 it shows that China is not interested in world Domination 

Sure, that's why they're scouring the globe looking for resources and assets to lock-up, doing DIP financing for the EU, and complaining about the world's reserve currency and SDR mix. They're just doing god's work too, right?

Sometimes the bogeymen are very, very real...there's a huge difference between China and Iraq.

Thu, 05/19/2011 - 09:27 | 1291001 thriftymost
thriftymost's picture

How many wars are England leading?

Ask a Welshman or a Scot.



Thu, 05/19/2011 - 12:11 | 1291822 nufio
nufio's picture

"Note the monotonically dropping USD reserves and T holdings."

Of course this has nothing to do with the fed policy. Its all Chinas fault.


Thu, 05/19/2011 - 10:01 | 1291149 Tuco Benedicto ...
Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Beautifully said!


Tuco Benedicto Pacifico Juan Maria Ramirez

Thu, 05/19/2011 - 11:19 | 1291536 Libertarian777
Libertarian777's picture

interesting debate.

about 600 years ago China had a million man army, and a naval fleet that circumnavigated the globe. They could have literally colonised the whole of Europe, Africa and America unimpeded, but didn't. Their philosophy then being 'power through trade'.

Right now China's still (largely) followed that philosophy of power through trade (although they are getting more assertive to use military power to protect trade).

In fact that's what started the Opium War with Britain (leading to Hong Kong being annexed). The British kept importing Chinese goods in exchange for silver. Eventually they needed to find something to sell to the Chinese that would have unlimited demand, hence opium (in exchange for silver).

When the emporer eventually outlawed Opium and had British merchant ships destroyed that were importing opium, the British merchants had at the time, obtained the queen's protection of those ships and hence the start of the war.

The interesting thing is that people will keep fearmongering about China's want for power, and yet when you look at actions to date it's the US that has military bases in over 110 countries, has active combat troops in 3 countries, and aggressively threatens countries, whereas China has not done similar (except maybe Tibet...).

It seems over time that China is going from a socialist/communist state to a free market state, whereas the USA is going in the opposite direction (welfare, socialist programs, high tax rates etc). While the Chinese may  not have a 'democratic' vote, the Chinese have a long history of having a monarchy/emporer/centralised power. So 5,000 years of recorded Chinese history, vs 200 years of 'democracy' in the USA, is it any wonder that China looks at western democracy with some apprehension?

While we sit and criticise China for arresting and imprisoning artists such as Ai Weiwei, we go and continue to hold 'terrorists' in Gitmo with no right to trial. If China has merely labeled Ai Weiwei a terrorist, could they not just put him in Gitmo equivalently?

I still think the USA has a lot going for it, we just have to wake up the population.

Thu, 05/19/2011 - 09:02 | 1290884 samsara
samsara's picture

It's too bad,  America had the role for the entire 'Plentiful, Cheap and ever increasing supply'   of petroleum.

Let's see how China can do if for the next few decades with LESS and LESS Each and EVERY year from this point forward.

Ah,  I don't think there's going to be a repeat this time.

Let's see them do it with (say) 60 Mbpd instead of 85ish.

Peak Oil = END of GROWTH


Thu, 05/19/2011 - 09:15 | 1290953 pazmaker
pazmaker's picture

They can't but they sure are trying by buying up Africa!

Thu, 05/19/2011 - 08:40 | 1290812 Sean7k
Sean7k's picture

Well, we might be seeing the reason why DSK was dethroned? Sacrificed on the altar of Chinese ambitions? Just one big Kubuki theatre for the Elites.

Thu, 05/19/2011 - 10:14 | 1291214 JW n FL
JW n FL's picture

kubuki is japan / godzilla.. not bruce lee.


but yes.. i agree, this idiot either wanted out of the imf? or snaped completely.. and my odds on personal fav is he was removed. by us. i dont know what he said or was going to say but his ego wrote a check with his mouth that his ass will now cash on the daily!

Thu, 05/19/2011 - 08:40 | 1290813 simon says
simon says's picture

Should give the SDR a new boost of life ... except this time with a meaningful dose of Yuan debt??  That would be pretty significant, no?

Thu, 05/19/2011 - 08:38 | 1290815 nathan1234
nathan1234's picture

And then the new IMF President will dictate what the US must do in order to get Yuan loan from the IMF to set itself right and accept all those conditions ( similar to what it has been imposing on other countries) imposed on it.

It's time a beggar like America handing out so called AID ( useless paper dollars) is brought to heel .

It's a shame that Americans allowed the Banking cartel takeover. If Americans have slept through it and are not willing to remove the cartel they have no one to blame but themselves

Thu, 05/19/2011 - 08:41 | 1290816 writingsonthewall
writingsonthewall's picture

NWO - mwharharharharharharharhar

Alex Jones will be frothing at the mouth.

I wonder if China are buying into the LinkedIn IPO - I mean when in bubble land....

Thu, 05/19/2011 - 08:40 | 1290818 Urban Redneck
Urban Redneck's picture

Guess the odds just went up on the next IMF head being even more bullish on SDRs.

Thu, 05/19/2011 - 08:47 | 1290826 scratch_and_sniff
scratch_and_sniff's picture

If i hear the MSM call Lagarde a "financial rockstar" once more im going to puke.

Thu, 05/19/2011 - 08:42 | 1290828 moonstears
moonstears's picture

Chinee buya silbah, backee renminbi

Thu, 05/19/2011 - 08:46 | 1290830 Snidley Whipsnae
Snidley Whipsnae's picture

China wants more support for the SCO and could give a damn about the IMF...

Thu, 05/19/2011 - 08:46 | 1290831 Robslob
Robslob's picture

Hurry Hurry IMF...refelect the New World Order before everyone realizes what a centrally planned and inflated PIG China really is...

PS We are still Communists and like to kill our own people

Thu, 05/19/2011 - 08:45 | 1290834 Snidley Whipsnae
Snidley Whipsnae's picture

And the US has how many people incarcerated?

Thu, 05/19/2011 - 08:49 | 1290857 Incubus
Incubus's picture

awww gee wilikers. Locking people up for the rest of their lives and profitin' off of 'em ain't as bad as just outright killin' em.


I think?

Thu, 05/19/2011 - 08:55 | 1290866 Snidley Whipsnae
Snidley Whipsnae's picture


Thu, 05/19/2011 - 09:21 | 1290969 snowball777
snowball777's picture

We offer "outright killin' em" as an added service, just ask at your local DA for details.

Thu, 05/19/2011 - 08:49 | 1290840 moonstears
moonstears's picture

...then we'll discuss moving you fuckers to the big people table, maybe next year. Ben

Fri, 05/20/2011 - 03:48 | 1294808 cranky-old-geezer
cranky-old-geezer's picture

... how bout we just take your seat at the big people table Ben?  --- China

Thu, 05/19/2011 - 08:46 | 1290842 Robslob
Robslob's picture

Don't you?

Pick your evils or moved to China Snidely...

Thu, 05/19/2011 - 08:51 | 1290861 Snidley Whipsnae
Snidley Whipsnae's picture

The US has more people incarcerated per captia than any other country in the world.

I will move when I am damn good and ready.

If you are saying that you condone, rather than condecend against, the actions of the US Gov then it's time that you moved...or, reread the US Constitution and compare what we now have to what we had. 

Thu, 05/19/2011 - 08:50 | 1290845 Miss Expectations
Miss Expectations's picture

How convenient!  Sofitel grand opening in China, May 18, 2011

Thu, 05/19/2011 - 08:51 | 1290862 moonstears
moonstears's picture

out-fucking-standing find, miss!

Thu, 05/19/2011 - 09:08 | 1290924 Pinky
Pinky's picture


Thu, 05/19/2011 - 08:47 | 1290847 doomandbloom
doomandbloom's picture

ni hao, bitchez..

Thu, 05/19/2011 - 08:52 | 1290853 Oh regional Indian
Oh regional Indian's picture

Whapao! Tsing Tao! 

The Chinese hand shows itself. Speaking for the long downtrodden. 

The plot and the soup thickens.


Thu, 05/19/2011 - 09:21 | 1290982 snowball777
snowball777's picture

Sweet and sour!

Thu, 05/19/2011 - 09:56 | 1291127 Oh regional Indian
Oh regional Indian's picture

And in the end, hopefully bitter (medicine).


Thu, 05/19/2011 - 08:54 | 1290863 Josh Randall
Josh Randall's picture

Would love love love to see Germany and China get into a p!ssing contest over the next chairperson or any other financial issue for that matter

Thu, 05/19/2011 - 08:55 | 1290873 DogSlime
DogSlime's picture

It doesn't matter.  The US/EUR elite will just merge with the Chinese elite - there's enough room in the club for anyone who has the resources and connections.  Our masters are a multi-racial bunch.  The US/EUR public may not like the idea of Chinese dominance, but it makes no difference to the economic powers-that-be.  It's all the same club at that level.

Drop the bomb.  Destroy it all.  There's no future except serfdom to the elite.  Better to erase the whole shebang.


Thu, 05/19/2011 - 09:32 | 1291035 Gavrikon
Gavrikon's picture


Thu, 05/19/2011 - 09:35 | 1291038 Gavrikon
Gavrikon's picture

Ain't none of 'em bullet proof.

Thu, 05/19/2011 - 09:51 | 1291119 HellFish
HellFish's picture

Very good point - and worth remembering.

Fri, 05/20/2011 - 03:56 | 1294811 cranky-old-geezer
cranky-old-geezer's picture

The US/EUR elite will just merge with the Chinese elite - there's enough room in the club for anyone who has the resources and connections. 

No, I don't think so. The SCO alliance has some rather big scores to settle with the US/EUR alliance, mostly the US.

The US asked for observer status in SCO ...and was rejected.

Thu, 05/19/2011 - 08:59 | 1290877 tradewithdave
tradewithdave's picture

When bi-polar reality meets the multi-polar dream.

Dave Harrison

Thu, 05/19/2011 - 09:02 | 1290892 Bubbles the cat (not verified)
Bubbles the cat's picture

Axel eh, dependable ole spare part v useful for keepin' the wheels wobblin' along.

Thu, 05/19/2011 - 09:15 | 1290940 jesusonline
jesusonline's picture

Now you're talking

Thu, 05/19/2011 - 09:04 | 1290905 Pinky
Pinky's picture

The war between the Krauts and the Crown has been going on since, well, actually I don't really know.  WWI, WWII, blah blah blah, the war never really ended. 

The BRICs are Kraut Faction. The association was put together by the same forces that created the EU:  The European Soviet AKA Germany/Russia/etc. teamed up against the Crown Faction (City of London). Krauts are Third-wayers (Fascist), or Social Capitalists. 

Both the Krauts and the Crown are deeply ensconced in the US and fighting to the death over who gets to rebuild America after the (long planned, but also long fought) USD Collapse. There was a "breakaway" patriot faction that changed the course of history here, but at the end of the day there STILL has to be some kind of debt settlement, because the world is out of time. This week it appears a Kraut/Patriot coalition is doing its utmost to end this war over "what is money?" and who gets to create and control it. 

With a name like Strauss-Kahn one would think the former head of the IMF would be Kraut Faction, especially since he's French and a Socialist.  However, at that level nothing is what it seems: It's possible he was defending Crown interests and was taken out by the Krauts to make way for a more representative world body. 

Then again, at this 11th hour it's every president, every regent, every "technician" for himself and a lot of the Big Names are going off-script.  It's been REAL interesting to watch from over here in the cheap seats, but I've near given up on trying to figure out who's on what side.   

Popcorn?   How about some Suan Cai instead, AKA Chinese sauerkraut?

Thu, 05/19/2011 - 09:07 | 1290920 ivana
ivana's picture

You mean Kimchi?


Thu, 05/19/2011 - 09:19 | 1290957 SMG
SMG's picture

Interesting, thanks for your thoughts.

Thu, 05/19/2011 - 09:06 | 1290913 slewie the pi-rat
slewie the pi-rat's picture

would you believe the only chinese rothschilds are of sino-greek descent?

Thu, 05/19/2011 - 09:12 | 1290926 Hedge Jobs
Hedge Jobs's picture

i reckon ze germans would scare the sofitel maids the most. If a maid was to walk in on a chinaman getting out of the shower the worst thing he would probably force her to do as a karaoke duet.

Thu, 05/19/2011 - 09:24 | 1290997 Oh regional Indian
Oh regional Indian's picture

That was funny! But the Karaoke is more a Japanese thing, ne?


Thu, 05/19/2011 - 09:44 | 1291074 pazmaker
pazmaker's picture

...and Kimchi is Korean

Thu, 05/19/2011 - 09:32 | 1291020 snowball777
snowball777's picture do is a bukkake duet.


Thu, 05/19/2011 - 09:12 | 1290937 The Navigator
The Navigator's picture

"what China wants, China gets."

kinda like the golden rule, those that have the gold, rule?

Thu, 05/19/2011 - 09:33 | 1291027 snowball777
snowball777's picture

Yeah, that's worked out great for...oh...wait.

Thu, 05/19/2011 - 09:14 | 1290947 buzzsaw99
buzzsaw99's picture

If China wants a larger role in the IMF they should put up more cash bitchez!

Thu, 05/19/2011 - 09:26 | 1290993 snowball777
snowball777's picture

Do you take dollar reserves?

Thu, 05/19/2011 - 09:29 | 1291010 dbTX
dbTX's picture

The golden rule is the ONLY rule that can't be changed.

Thu, 05/19/2011 - 09:29 | 1291021 Gavrikon
Gavrikon's picture

I just wish the fucking crash would hurry the fuck up already and fucking get here.


Fuck this.

Thu, 05/19/2011 - 09:37 | 1291045 GFORCE
GFORCE's picture

It's uncomfortable reading all the comments, fawning over every move or statement that China makes, as if it's a force for good that will eliminate western hegemony and bring you boundless joy.

Animal Farm.

Thu, 05/19/2011 - 09:45 | 1291077 Life of Illusion
Life of Illusion's picture



Translation: We China have 3.5T US dollars and want our broker representing IMF to place our reserves in exchange for real assets not paper.


Thu, 05/19/2011 - 09:48 | 1291107 Itsalie
Itsalie's picture

tyler shud conduct a poll on nationality of new imf chief, that would be fun!


Thu, 05/19/2011 - 09:58 | 1291147 DOT
DOT's picture

My vote will go to Guido Montega !

Thu, 05/19/2011 - 10:04 | 1291161 Life of Illusion
Life of Illusion's picture

There is a long list of possible contenders for the job. Officials from developing economies, as well as a number of outside analysts, have begun to argue that there is no reason someone like Lagarde or former British prime minister Gordon Brown should have an automatic advantage over Singapore finance minister Tharman Shanmugaratnam, former Turkish finance minister and current Brookings Institution scholar Kemal Dervis, or former South African finance minister Trevor Manuel.

Organizations including the Group of 20 top economic powers, which includes the U.S. and major European nations, have endorsed an open competition for both the top IMF job and the post of World Bank president, which by tradition has been an American appointment.

The U.S. contributes the most to the IMF’s operations, and holds about 16 percent of the voting rights on its 24-member executive board, which chooses the managing director.

While the IMF tries to operate by consensus — and would hope mightily to do so in this case, given the difficult circumstances around Strauss-Kahn’s departure — the U.S. voice is always influential and in this case could be decisive. Its voting power and influence would likely be enough to put either a European candidate, or a consensus nominee from the major emerging markets, into the job.

Thu, 05/19/2011 - 10:01 | 1291146 terryfuckwit
terryfuckwit's picture

kung fu panda

Thu, 05/19/2011 - 10:05 | 1291176 Vendetta
Vendetta's picture

when will our 'dear leaders' send our military to fight and die to protect china's interests since the political elite obviously have no interest in the best interests of this nation?

Thu, 05/19/2011 - 10:30 | 1291326 Broomer
Broomer's picture

All of us are resource grabbers now. I can't wait for the US Mint start to sell coins made of metals other than the Fantastic Four.

They will likely have low premiums, very different from the "investment copper" that's starting to appear.

Thu, 05/19/2011 - 11:44 | 1291685 JR
JR's picture

There's a funny thing about the New World Order: it eventually gets too big and bites the hand that feeds it.

Interpretation: When you bring China in, and you are increasingly a debtor nation, then you don’t get the things that you want; the creditor nation makes the decision.

Treason is a crime based on selling out your country in wartime. How about selling out your country before, after, and during wartime; a charge that would fit former Secretary of State Henry Kissinger, among others, for it was the “opening” of China that laid the ground work for transferring to despots U.S .patents, manufacturing, jobs, military technology and endless piles of U.S. loan paper.  We got the cheap consumer products and a market for our debt; China got control of the world.


Thu, 05/19/2011 - 16:21 | 1293104 SoNH80
SoNH80's picture

I like the Chinese, but I fear their government.

Thu, 05/19/2011 - 11:47 | 1291711 Creed
Creed's picture

on Thu, 05/19/2011 - 09:37

It's uncomfortable reading all the comments, fawning over every move or statement that China makes, as if it's a force for good that will eliminate western hegemony and bring you boundless joy.

Animal Farm.

Yes. It's the same idiots who think Israel should be wiped out because the Islamists are such swell guys & Israelis are the new nazis.

Face it, the Chosin Few & others who know the truth about China, North Korea, Iran, Syria, Palestinians, Saudis- you're just not going to find many people like that posting on a half baked halfway moonbat site like this, it would be a waste of their time.

Thu, 05/19/2011 - 12:08 | 1291816 AldoHux_IV
AldoHux_IV's picture

End the IMF

Thu, 05/19/2011 - 12:15 | 1291869 Bubbles the cat (not verified)
Bubbles the cat's picture

Oh that's a bit harsh. I mean, what about the entertainment value? There's a place in the world for the I.M Guessing Factory. I just can't think of where at the moment.

Thu, 05/19/2011 - 13:20 | 1292280 Cthonic
Cthonic's picture

So long as we get our gold back.

Thu, 05/19/2011 - 13:46 | 1292374 Big Ben
Big Ben's picture

As far as I can tell, the IMF exists purely for the benefit of the banksters. The banksters make risky, high interest loans to countries that probably will not be able to repay them. And then when the loans go bad, the IMF arranges a bankster bailout of the country for "humanitarian" reasons. So in that sense, the IMF is a lot like Fannie and Freddie in that it enables banksters to make and profit from unsound loans (at the expense of the US and other governments).

The IMF bails out EU states, but not US states. This seems very unfair. If the US government had any sense (which it doesn't), it would withdraw from the IMF immediately.

Thu, 05/19/2011 - 14:01 | 1292450 nufio
nufio's picture

the US benefits most from IMF loans. I forgot where i saw it but cheney mentioned that for evey $ of loans US sends to imf, the US corps gets back $1.3 in revenue.

"confessions of an economic hitman" is a very good read on how the us corps scam other countries through the IMF.

Thu, 05/19/2011 - 14:31 | 1292599 honestann
honestann's picture

If the leaders of China had any brains, they'd stay as far away from these criminal organizations as possible.  Then they'd be able to honest say "it wasn't our fault" as the never ending disasters caused by the IMF, WorldBank and so forth continue to occur.

Thu, 05/19/2011 - 16:57 | 1293292 mkkby
mkkby's picture

How does France, a piss ant former world power, warrant having so many people in top leadership?  Far more important are up and coming countries, like Brazil, S Korea or Turkey.  The European countries are all dead and decaying, except for Germany. France especially has an ego 200x it's actual relavance.

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