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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ivana's picture

ha ha ha :-)

in your dreams only

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

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.

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. 


Atomizer's picture

That's referred to as UN Agenda 21.

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.

ivana's picture

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

I was just realistic about IMF

Sqworl's picture

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

snowball777's picture

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

infotechsailor's picture

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

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.

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.

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.

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.

Sutton's picture

Fuck China.

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

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.

The Navigator's picture

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


thriftymost's picture


The Chinese grow their own food.




DOT's picture

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

thriftymost's picture

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




Arttrader's picture

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

Cathartes Aura's picture

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

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.

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...

Sean7k's picture

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

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.

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.

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?

Bubbles the cat's picture
Bubbles the cat (not verified) Sean7k May 19, 2011 9:57 AM

Just started. Any tips?

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.

thriftymost's picture

How many wars are England leading?

Ask a Welshman or a Scot.



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.


Tuco Benedicto Pacifico Juan Maria Ramirez's picture

Beautifully said!


Tuco Benedicto Pacifico Juan Maria Ramirez

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.

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


pazmaker's picture

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

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.

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!

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?

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

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....

Urban Redneck's picture

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

scratch_and_sniff's picture

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

moonstears's picture

Chinee buya silbah, backee renminbi

Snidley Whipsnae's picture

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

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

Snidley Whipsnae's picture

And the US has how many people incarcerated?