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Christine Lagarde Releases Statement To IMF Executive Board Pitching Her Candidacy

Tyler Durden's picture


Christine Lagarde, who is quick to play the gender card, has released her formal statement to the IMF Executive Board pitching her candidacy. As she herself prioritizes her qualifications: "Having clarified this situation let me state the following: I stand here as a woman, hoping to add to the diversity and balance of this institution." etc. Translation: no need to worry I will (allegedly) rape maids, so pick me. Then there's everything else, which for a bailout agency which is now wholly in China's shadow, is very much irrelevant.

Full letter:

Ms. Christine Lagarde, a candidate for the position of the Managing
Director of the International Monetary Fund (IMF), made the following
statement to the IMF Executive Board on June 23, 2011:

Members of the Executive Board,

Let me first thank you for the very productive bilateral meetings I
had with each of you yesterday and this morning. I truly value the
occasion to exchange views and to benefit from your insight. I am
equally honoured to deliver to the full Executive board some preliminary
remarks, before answering any question you might have.

As a candidate, I have listened carefully over the last few weeks to
the messages conveyed to me by a large part of the membership and I
would like to lay out some thoughts of mine and address some of the

1. Management: the three duties of MD

If elected, I am committed to fulfil, with your support and active
engagement, the three key duties of a MD: to chair the Board; to manage
the staff; and to represent the institution.

Duty 1: Chairing the Board

I strongly believe in the value of a permanent resident Board.
Without a Board representing the membership, there can be no global
multilateral organization. I am convinced that the Board's work confers
legitimacy to the Fund’s action.

A strong relationship between the MD and the Board can only be built
on trust and respect between us. To lay the proper foundations of such a
relationship, if elected, I would call for a Board retreat before the

Duty 2: Managing the staff

The staff is the Fund's key asset. Its independence must be protected now more than ever.

I am well aware that recent events have left open wounds. I know that
John's departure, coming as it does at the very worst of times, will
leave a big hole. The incoming MD must take pains to show the outside
world that this great institution is not only leading in terms of
expertise, but also in terms of integrity and work ethics. We must
consolidate and, if needed, restore staff pride in working at the IMF,
to get us through the healing process.

Last, there is a need for an integrated, coherent, senior management
team, with a MD dedicating time and energy to pulling the institution
together: only strong leadership will help us overcome silo-mentality,
achieve diversity, and gain in cohesion and coherence.

We collectively must focus on serving both our membership and the higher goal of the Fund, and be less inward-looking.

Duty 3: Representing the institution and bringing a vision

The MD has to lead by example, consistent with the values of
integrity, independence, and discretion. The MD shall also be the loyal
and strong voice of the whole membership when representing the Fund,
especially in delivering messages, speaking the truth to members, be
them small or large.

2. Direction for the Fund

As laid out in my letter of candidacy, I firmly believe that the
legitimacy and effectiveness of the Fund cannot be taken for granted;
they must be continuously proved, and improved, whenever possible or

Under Dominique Strauss-Kahn's leadership, the Fund has definitely
changed for the better, successfully repositioning itself at the centre
of the global economic and financial system. It learnt a great deal from
the recent financial crisis, including openness to new ideas, while
remaining loyal to its core values and principles.

The Fund needs however to continue its shift towards responsive,
even-handed and balanced action in support of global economic and
financial stability, the better to serve the whole membership.

The Fund has a lot on its plate with an uneven world recovery, the
reopening of global imbalances, potentially destabilizing capital flows,
high level of unemployment, rising inflation, and difficult country

But let me focus today on key principles that should, in my view, lead the Fund over the next five years:

Relevance. The Fund must keep its recently-regained pivotal role with
respect to global economic and financial cooperation. The international
community needs the Fund and the Fund must have the necessary mandate
from its membership to discharge its duties. Because of that I would be
open to work with all of you on changes to the legal framework of
surveillance such as the 2007 surveillance decision or even explore
changes to the Articles of Agreement however difficult they may seem.

Responsiveness: the Fund must constantly enhance its capacity to
respond to members' needs based on circumstances, with special
dedication to the most vulnerable part of its membership – I am thinking
of the low-income countries, especially those in Africa. To succeed,
coordination with other partners, including the World Bank, will be

Tougher, more effective, and more consistent surveillance for better
crisis prevention and tailor-made policy advice. Beyond its primary
mandate of ensuring the stability of exchange rates, the Fund needs to
improve the integration of financial sector expertise into its
surveillance, working in cooperation with the Financial Stability Board
and other relevant bodies. The Fund must also strengthen multilateral
surveillance by addressing global interdependencies: I believe that
spill-over reports should become a permanent surveillance tool, an issue
we may look again at after the Board meetings scheduled for July. Last,
IMF surveillance should look beyond these core elements, factoring in
structural and public finance issues, as well as social and employment
policies. For the sake of consistency and of pulling together in a more
effective and digestible way all the excellent but scattered, and
frankly somewhat diluted, global surveillance work, I pushed at the last
IMFC for it to discuss a consolidated multilateral surveillance report.

Sufficient resources and adequate tools. This will require first
delivering on commitments made by member countries, which will need
sustained attention. It will also require better leveraging Fund
resources, notably through enhanced cooperation between the Fund and
regional financial arrangements. Last, we need to make sure the Fund has
the capacity to address systemic shocks.

Increased legitimacy. Legitimacy is a precondition to the acceptance
of any reform. One obvious prerequisite is to implement promptly the
historic governance reform that was agreed last year. France has shown
leadership in this respect. More broadly, if elected, I would be
committed to continuously adapt the representation of the Fund, in
particular quotas, to changing economic realities. Some milestones are
coming up in the near future, and they have to be met.

Diversity and team work. The dedication and expertise of staff have
to be nurtured and protected, whilst ensuring equal opportunities and
diversity in all its facets, gender-wise, academic and geographic.
In-breeding leads to group-thinking and “silo mentality” leads to
underperformance, as the report from the IEO (Independent Evaluation
Office) pointed out. Diversity will strengthen legitimacy, but will also
reinforce effectiveness. This is an area where progress will be
achieved, should I be elected.

Let me address heads-on three issues I have identified as matters of concern or interest by some of you.

3. Regarding the selection process

Number 1: I truly believe in an open, transparent and merit-based
selection process, allowing for a large consensus to form around the
incoming Managing Director. The Fund belongs to no one but its 187
member states. I would like to add that as a Governor to the IMF, I am
on record for having supported a selection process regardless of
nationality. As a consequence, being French and being European should be
neither an advantage nor a handicap.

4. Representing Europe

Number 2: I am not here to represent the interest of any given region
of the world, but rather the entire membership, in full accordance with
the Fund’s mission statement as laid out in the Articles of Agreement.
The Managing Director has an exclusive duty of loyalty to the Fund.

5. Conflict of interest

Number 3: Precautionary or disbursing Fund programs are in place in
all regions of the world. Arguing that there is a conflict of interest
in being a national from a region of the world in which some member
states benefit from IMF support and assistance, not only significantly
narrows the scope for eligibility for candidacy, but also seems
impossible to “operationalize”.

How would the Fund ensure that during the MD’s mandate, not one
single country of the region from which the MD comes from would request
financing? One thing is certain: it would eliminate both candidates in
the current selection process, even though France has no arrangement
with the IMF.

This being said, I take pride in having played a key role in the
negotiations around the economic governance package in the euro-zone, as
well as in the implementation of the various support programs in
Greece, Ireland and Portugal. This was also an opportunity to work
closely with the IMF and build a strong partnership with the EU, which I
think could be replicated in other regions.

Nevertheless, let me be very clear: if elected, I will have but one
thing in mind when it comes to providing support to a euro-area member:
ensuring full consistency with the Fund’s mission and providing for good
stewardship of the Fund’s resources. I will not shrink from the
necessary candor and toughness in my discussions with the European
leaders, on the contrary. There is no room for benevolence when tough
choices must be made, and there is no option that does not start with
difficult but necessary adjustments by the Greek authorities to restore
the sustainability of public finances and to rebuild the country's

6. I stand here as…

Having clarified this situation let me state the following:

I stand here as a woman, hoping to add to the diversity and balance of this institution.

I stand here as former head of an international law firm with a
dedication to integrity, to the highest moral standards and a belief in
participative management.

I stand here as a Finance minister who has been tested in times of crisis.

I stand here as a former Chair of the European Union Ecofin Council
and of the G20 Finance Meetings, with a widely-recognized track record
and acknowledged leadership abilities.

I would like to put these skills and experience at work to serve the International Monetary Fund.

* * *

To conclude, should you entrust me with the challenging task of MD, I
would strive, over the next five years, to build a Fund that would be
adapted to a changing world; responsive, ready and able to meet all
challenges, both foreseeable and unforeseeable; cooperative, listening
and coordinating effectively with all stakeholders, and continuously
striving to build consensus; legitimate and even-handed, to reflect a
changing world.

Ladies and Gentlemen, Members of the Executive Board, thank you for your attention


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Fri, 06/24/2011 - 09:01 | 1398132 DonnieD
DonnieD's picture

How about the diversity of no more Euro's running this racket.

Fri, 06/24/2011 - 09:30 | 1398191 Popo
Popo's picture

Oh good.  She's a woman.  I was deeply concerned that the institutional entity of the ruling elite wasn't an equal opportunity employer.

Is it just me, or does this seem like an awfully ironic place to play the "please be conscious of social inequalities" card?

When discussing the pinnacles of world power,  it should be quite irrelevant whether or not one has a vagina.   (Clearly, you're not being discriminated against, Mrs. Lagarde.)

Fri, 06/24/2011 - 09:34 | 1398207 TheTmfreak
TheTmfreak's picture

The liberal special interest group then says "Hey a vagina doesn't define a woman." From which everyone else eye rolls.


It is the trendy, government thing to claim the equal opportunity crap. "World Powers" get their power from political support, and since the political support plays these games of electing people based on their gender and race ("reverse discrimination") then yes she will play those cards.

Fri, 06/24/2011 - 09:47 | 1398232 Forward History
Forward History's picture

When in doubt, continually emphasize everyone's gender, race, and "orientation" differences. Devote huge amounts of resources to categorizing every person entering the workforce, set up an initiative to handle it all, all the while ignorant of the fact that Dr. King never wanted a world where people were hired in part of the basis of which checkboxes they filled out -- he wanted a world where the checkboxes didn't exist because we moved past them.

Witness the difference between a movement founded in the belief of God-given equality, verses the modern movement founded in secular relativism. Note with examination the successes of one and the misguided implementation of the other.

Fri, 06/24/2011 - 09:58 | 1398250 TheTmfreak
TheTmfreak's picture

Right. Solid on all points.

Relativism, has a place, mainstream public/political sphere isn't one of them. I argue there is a system to game, therefore it will be gamed. This is just one of the angles. It has become a free-for-all to get the knee jerk 800 pound gorrilla to go on your side and beat up the other.

Its very common to beat up the "man" or the big bankers for beating up on the little guy, but the "little guy" beating up on the big guy exists too, and is just as wrong. The arguments from Bastiat's "The Law" without a doubt stand. You can have a system where the many pillage the few, where the few pillage the many, where everybody pillages everybody, or nobody pillages anybody. We exist in the "everybody pillages everybody" world. Fucking madness.

Fri, 06/24/2011 - 10:03 | 1398273 Forward History
Forward History's picture

Indeed. Don't forget that if anyone goes against the gorilla, Kong smashes them over the head with the PC biplane.

You are touching on one of the reasons I left atheism. People sometimes criticize me in debate and ask how I can believe in something without "proof". I tell them I could be wrong, sure, but the rest of the world's creeds and moral standards don't suit me, and don't seem to produce a better society. Some of the "proof" I have comes from the same mindset as a person wanting to believe in a doctor's skills. The patient is sick and dying on the table.  We the people need a surgeon, stat.

Not advocating a theocracy, of course. Just a paradigm shift in our thinking.

Fri, 06/24/2011 - 09:06 | 1398136 firstdivision
firstdivision's picture

Where is the promise to not sodomize the lower class?

Fri, 06/24/2011 - 09:32 | 1398203 oogs66
oogs66's picture

umm, the promise to do it is part of the job description

Fri, 06/24/2011 - 10:48 | 1398401 ElvisDog
ElvisDog's picture

It's funny, but in this case I think her "I'm a woman claim" does have merit. It's pretty clear that DSK used his position to force himself on women. Just like there is never only one cockroach, I'm guessing that mode of behavior is prevalent among the IMF male hierarchy. It has nothing to do with finance, but unless Lagarde is into strapping one on, she won't be sodomizing helpless women. Which I suppose is a step up for the IMF.

Fri, 06/24/2011 - 15:01 | 1399374 falak pema
falak pema's picture

she did say she was a woman!

Fri, 06/24/2011 - 09:06 | 1398137 hugovanderbubble
hugovanderbubble's picture

DSK knows perfectly French banks are all trapped.

Lagarde is a US friendly member to move pieces.

Fri, 06/24/2011 - 12:02 | 1398723 carbonmutant
carbonmutant's picture

That begs the question of which "US" she's friendly to.

DSK's relationship with Bernanke didn't do much to help the US.

And Sarkozy is as desperate as Papandreou for cash to prop up their Banks

Fri, 06/24/2011 - 15:00 | 1399385 falak pema
falak pema's picture

there is only one god and one US...they both belong to the same Oligarchy club. Up on mount Olympus where you get total tax cuts and your accounts as as invisible as the holy ghost itself.

Fri, 06/24/2011 - 09:03 | 1398138 Re-Discovery
Re-Discovery's picture

She's needs to 'grow a pair' and drop the gender crap.

Fri, 06/24/2011 - 09:03 | 1398139 LoneStarHog
LoneStarHog's picture

"I stand here as a woman,..."
Has this been verified by a TSA sexual assault?

Fri, 06/24/2011 - 09:14 | 1398160 eigenvalue
eigenvalue's picture

Methinks Paris Hilton is a better candidate than Christine Lagarde. At least presumably Paris is not a member of the banking cartel.

Fri, 06/24/2011 - 10:11 | 1398286 Spastica Rex
Spastica Rex's picture

And we've seen Paris Hilton's hooha so we know she's a woman.

Fri, 06/24/2011 - 10:36 | 1398335 Libertarians fo...
Libertarians for Prosperity's picture

The Hilton family isn't part of the banking cartel?

How do you suppose Hilton got so big in the first place?  Cash for auto title loans?

Hilton was purchased by Blackstone in 2007 in a highly leveraged LBO that was orchestrated by Goldman Sachs, Deutsche Bank, Bank of America and Morgan Stanley.  

Paris Hilton is the epitome of what the banking cartel produces: a generation of vacuous, hallowed-out people, living in a vacuous, hallowed-out world. 





Fri, 06/24/2011 - 09:32 | 1398202 TheTmfreak
TheTmfreak's picture

Whoa whoa whoa, are you implying you have to have a specific sexual organ to be a woman? What about all of those who sadly were born with a penis but are actually women? /sarc

Fri, 06/24/2011 - 09:09 | 1398143 LeBalance
LeBalance's picture

If her candidacy is even remotely viable she is a killer vampire zombie pillager same breed as the rest of the iMFers.

Fri, 06/24/2011 - 09:05 | 1398144 augie
augie's picture

I'm sure China will respond favorably to a woman running the IMF.


Fri, 06/24/2011 - 10:05 | 1398268 Pez
Pez's picture

Arabs will be on board too!

Fri, 06/24/2011 - 09:09 | 1398145 TheTmfreak
TheTmfreak's picture

This diversity nonsense has completely spun out of control. Here is the hypocracy.

- We are all equal, there are no differences between us, therefore we can't be pre-judged (by color and gender.)
- We are all different and add something unique, therefore our differences should be hailed. This is done by adding something ONLY a person of color or a particular gender might be able to add.

Which is it? Both can't be true. Oh i know, whatever benefits you the most off of the heartstrings of morons.

The "I add something by being a woman" bullshit infuriates me beyond belief. I don't know whether it is that people say it, or people believe it.

Fri, 06/24/2011 - 09:13 | 1398158 LeBalance
LeBalance's picture

Its to enter all of the Useless qualifications as if they were meaningful.


Exactly what specific qualifications do you have to perform this job.  That is all.

The rest of the ethnic, gender, background, sexual unpreference, etc is just a tactic of the masters to destroy the society.

And it worked.


Fri, 06/24/2011 - 09:24 | 1398190 TheTmfreak
TheTmfreak's picture

Well I don't think its really "masters" but people who just do not have the time to think through anything logically and use emotions. These useless qualifications are meaningful qualifications for people who think that diversity actually adds something (without actually thinking about what it adds). They believe intrinsically it adds something without ever questioning WHAT. Those same people will then argue when faced with discrimination based on those beliefs that, well "I'm just the same as you."

It works on segments of the population who use emotions to guide them rather than reason. It literally takes two seconds of thought to dispel this diversity bullshit for what it is. I don't have such a pessimistic view of people and the "masses" to think it works on the majority of people. Most people don't believe that shit, its just forced down their throats by morons. Although I'll admit after decades of it being shoved down peoples throats they start to believe little bits and pieces if they're not careful enough to consider things more carefully.

Fri, 06/24/2011 - 09:11 | 1398151 williambanzai7
williambanzai7's picture

Since when is this a diversity problem...the problem of allowing Europeans to regulate their own financial fiasco?

Fri, 06/24/2011 - 09:08 | 1398153 somethingelse
somethingelse's picture

she could still rape maids with a strap-on...

Fri, 06/24/2011 - 09:09 | 1398159 slaughterer
slaughterer's picture

Does she speak Mandarin? If not, forget it.

Fri, 06/24/2011 - 09:16 | 1398162 iNull
iNull's picture

Let me guess. Broad hips? Roomy?

Fri, 06/24/2011 - 09:19 | 1398170 lynnybee
lynnybee's picture

...a few weeks ago my daughter & i were watching the news (when all this DKS stuff was happening) . the video showed the group of IMF bankers & Ms. Lagarde was among them (very easy to pick her out, tall, silver hair). I pointed out the group of bankers to my daughter & said, "Do you see these people? this is the criminal syndicate group of bankers I was telling you about, the ones who are trying to take over the world & make us pay money to them." ....... my daughter laughed, didn't believe me, "how could that nice looking lady be a criminal banker !"

Fri, 06/24/2011 - 10:49 | 1398415 ElvisDog
ElvisDog's picture

I was similarly telling my 13 year-old son about the IMF and how they make loans to countries that can't pay them back and they try to take them over. A week later at a family gathering at my father in-law's house, when the subject turned to DSK my son said "he's one of those evil bankers". They looked at him like he was an alien. I smiled.

Fri, 06/24/2011 - 09:17 | 1398172 oddjob
oddjob's picture

Her biggest asset is having a vagina? She should hold her beak high.

Fri, 06/24/2011 - 09:25 | 1398183 hamurobby
hamurobby's picture

"I know that John's departure, coming as it does at the very worst of times, will leave a big hole."

Fri, 06/24/2011 - 09:37 | 1398212 TheTmfreak
TheTmfreak's picture

I don't know if she would claim its her HIGHEST, but she clearly believes it adds VALUE to the situation.

Her "gender role" and private parts have some sort of value (that can't be defined) in determining central economic policy.


After I just wrote that last statement, I realize having a vagina probably has some sort of role in central economic policy. (Hint: central economic policy is a sham)

Fri, 06/24/2011 - 09:22 | 1398173 Jack Sheet
Jack Sheet's picture

Pukeworthy the whole fricken spiel. "highest moral standards" ...lend digital money, grab national assets as collateral or sell them to foreign investors with the TBTF banks creaming off commissions.

Fri, 06/24/2011 - 09:19 | 1398175 iNull
iNull's picture

It's all over boys. Might as well serve up your balls to this bitch. Ask how she wants 'em boiled.

Fri, 06/24/2011 - 09:23 | 1398176 Segestan
Segestan's picture

Once again the vision of the minority attempts to block out reality.

Fri, 06/24/2011 - 09:23 | 1398186 the not so migh...
the not so mighty maximiza's picture

She is french with a big nose what else could you ask for.

Fri, 06/24/2011 - 09:23 | 1398187 nasdaq99
nasdaq99's picture

Is anybody asking the question, "Did the Fed frontrun the oil release?" and isn't it very relevant and how would one find out????

Fri, 06/24/2011 - 09:31 | 1398192 iNull
iNull's picture

"I truly believe in an open, transparent and merit-based selection process"

Jesus Christ on a stick. Is there anyone with less than three years in Corporate America/Euro who hasn't tasted a shovelful of this horseshit?

Fri, 06/24/2011 - 09:31 | 1398198 Atomizer
Atomizer's picture

Christine Lagarde is a strong supporter of bailout policies.

Fri, 06/24/2011 - 09:36 | 1398199 Monedas
Monedas's picture

How much of the "Fund's Money" has she spent tearing around campaigning for the juicy gig ! Speaking of juicy.....time for a twat flow chart stress test! Any volunteers ? Women her age should not be referred to as "broads"....that's a term of endearment reserved for the under 60 set ! Monedas 2011 More relevant every minute !

Fri, 06/24/2011 - 09:45 | 1398227 the not so migh...
the not so mighty maximiza's picture

I would volunteer to do a Lagarde twat flow chart stress test because I am a legend in my own mind.

Fri, 06/24/2011 - 09:56 | 1398252 Monedas
Monedas's picture

Well, you'll certainly get your own chapter in Monedas' version of "Profiles in Cour d'leon" ! It could probably be done without your having to undress ! Give her a fresh panty liner then have her watch 20 minutes of DSK in action with a West African Slut Monster ? Weigh the panty liner before and after on your coke scale ? Simple enough ? Monedas 2011 Serving humanity with his humour !

Fri, 06/24/2011 - 09:33 | 1398205 oogs66
oogs66's picture

the original draft said 'the help' was the most important asset, but someone told her that sounded a little pretentious so she changed it to the 'the staff'

Fri, 06/24/2011 - 09:34 | 1398208 Sambo
Sambo's picture

The piiGsy maids will be raped again and again and they sink into poverty under the watchful eyes of the Invincible Monster of France-n-stein.

Fri, 06/24/2011 - 09:46 | 1398229 Lone Mad Minute...
Lone Mad Minute Medic's picture

How will the Hildabeast take this? I hear she is interested in ruling the world.

Fri, 06/24/2011 - 10:52 | 1398434 tamboo
tamboo's picture

her biggest asset is her kosherness, ditto for the hildabeast (nee rodsky).

Fri, 06/24/2011 - 09:56 | 1398255 Hedgetard55
Hedgetard55's picture

How hard can it be to find a black, transgendered lesbian who is mentally challenged and physically handicapped for this job?

Fri, 06/24/2011 - 09:59 | 1398262 lizzy36
lizzy36's picture

I have no problem with hating Christine Lagarde for being a kleptocrat, being part of the problem.

However, men in this class have been using their dominant gender, to occupy positions of power for centuries. Fraternity brothers, suffering from group think like to hang out with one another, promote one another, and cover for one another.

So she is explicity using her gender while men just implicity use thier gender.

The hate for Christine Lagarde for being part of the paradigm that is enriching the 1% at the expense of the 99%, is very legitimate. The hate OF Christine Lagarde because she is a women occupying a position of power, is simple misogyny. I expect better from my fellow ZH commentators.

Fri, 06/24/2011 - 10:23 | 1398320 mess nonster
mess nonster's picture

Your high expectations of ZH commentators are sadly misplaced. These expectations should be directed to the United Methodist Church's online forum for Overseas Mission Work. The only expectation you should have here is to see lots of swearing, revolting displays of race and gender prejudice, and withering but often clumsy sarcasm.

Fri, 06/24/2011 - 10:33 | 1398353 JR
JR's picture

Lizzy, it’s not a position of power.

If she is selected for the position it will be because the oligarchs want to divert attention away from their completely non-gender tyranny.  It has nothing to do with the fact the oligarchs are men (maybe some are women, we don’t know). It will be used by the captured PC media with its worn bare mantra:  “Finally, a woman has achieved the highest position of all.  Look where they’ve come.” There’s probably no higher calling for prostitution than to be the errand person for the tyrants who run the IMF club.  If the oligarchs put her in, she will be the highest paid prostitute in the world.  She doesn’t get to say zip that is not written or approved.

And who are these women who would be proud?

Fri, 06/24/2011 - 11:08 | 1398491 lizzy36
lizzy36's picture

Why are you demanding better from here than you would of a male kleptocrat named to the same position? That is my point. How come she is a "high paid prostitute", but he is just a fraternity brother doing what they do best. Both male and female in this position are merely high paid prostitutes, no?

So what she uses her gender to get the position. Men have been using their gender, implicitly, to get the position for decades.

The Oligarchs don't need to divert anyone's attention from what they are doing. They have been acting in the open, raping and pillaging the 99% for the benefit of the 1%, without consequence for a number of decades.

My point is hate the paradigm, hate the oligarchs, hate Christine Lagarde for being a member of the oligarchs. But don't fall prey to the MSM wanting to divert your attention from the raping and pillaging by making this issue about a woman taking a PR advantage.

Fri, 06/24/2011 - 11:57 | 1398690 JR
JR's picture

I am of the impression that it was Lagarde who first threw down the gender card.

The oligarchs desperately need a diversity distraction now.  They have not been operating in the open: 99% of the world’s population is unaware of this grand takeover of their money, their resources and their countries, and the oligarchs could really take advantage of Christine’s picture blasted all over the press from Der Spiegel to Time Magazine as the soft face of a caring, healing diversity-packed IMF masking the ”changing world” of “a boot stamping on a human face forever.”  

Why else would Christine play the gender card at this time?

Fri, 06/24/2011 - 12:16 | 1398761 toto
toto's picture


Sat, 06/25/2011 - 15:58 | 1401440 Escapeclaws
Escapeclaws's picture

If she didn't tell you she's a woman, you might mistake her for a man, if that's any consolation, Lizzy.

Fri, 06/24/2011 - 11:25 | 1398525 Monedas
Monedas's picture

Lizzy, the ZH'er upstream drinkin' herd adore women ! We're tryin' to make the split tail ZH'ers feel welcome in the locker room ! Monedas 2011 I had a Mother, too !

Fri, 06/24/2011 - 10:07 | 1398285 Herbert_guthrie
Herbert_guthrie's picture

A woman would be a good choice for the IMF right now.

Less chance of getting busted raping maids, and more focus on their goal of raping everyone else in the world.

Fri, 06/24/2011 - 10:15 | 1398291 JR
JR's picture

Our unelected future world masters, unresponsive to parliaments or congresses, now have a new mantra: diversity trumps skill and talent.  The IMF is the stalking horse for a single currency and a world government cobbled together by oligarchs who would take the progress and prosperity of all the world and use it in their personal estates.  Already, the world’s corrupted national governments are overriding the true wishes of their citizens, but the IMF would override even these disgraceful groups. And now for the ultimate puppet - showing the world its nurturing, sensitive, soft face - we are to have a puppetress.

And all the while, the Pravdas all over the western world, while the people sink in misery, support the surrender of all we hold dear as "legitimate."

Fri, 06/24/2011 - 10:16 | 1398292 Monedas
Monedas's picture

As "the not so migh..." suggests, women with prominent noses have deep vaginas and large ovaries ! Monedas 2011 Still waiting for results of the stress test !

Fri, 06/24/2011 - 10:16 | 1398294 mess nonster
mess nonster's picture

Imagine this gal sitting in front of her computer, writing and rewriting this execrable morass of corporatese and bullshit.

"productive bilateral meetings"... I think this is where you sit down with just one other person, and talk. OTW known as a conversation.

"A strong relationship between the MD and the Board can only be built on trust and respect between us. To lay the proper foundations of such a relationship, if elected, I would call for a Board retreat before the recess."

Trust and respect are built on a mutual sidulation party we'll hold in the dark.

"We must consolidate [staff] and, if needed, restore staff pride in working at the IMF, to get us through the healing process."

There must be a thorough purge to root out any and all employees who hold the thought crime that the IMF is as useful as a drinking straw on the Titanic. If I were a wage-flunky at the IMF, I would be terrified of this bitch. She's the kind who sublimates her sex drive into power.

"surveillance" The word surveillance is always scary. Why use this word, not "oversight", or "monitoring"? Obviously this lady is comfortable with English, comfortable enough to write in the blandest and most contemporary form of corporate styles. Some words she stopped and thought about- their inclusion was conscious. Others are unconscious, and betray the inner reality. "Surveillance" has the connotation of secret observation. The IMF is Big Brother, so the choice of that word shows that she is certainly qualified to be the figurehead of this instrument of global one-world-gov't.

Fri, 06/24/2011 - 10:23 | 1398317 Monedas
Monedas's picture

She did spew out a mess of Bureaucratic Boiler Plate ! Why can't these retarded Europeons be taught Hemingway's English ? Monedas 2011

Fri, 06/24/2011 - 10:28 | 1398336 mess nonster
mess nonster's picture

I would settle for Henry Ford. Well, she IS a creature of her environment. How ca we expect ay sort of integrity or competence from a global institution when its leaders can't write their way out of a a soggy paper bag?

Fri, 06/24/2011 - 10:38 | 1398344 mess nonster
mess nonster's picture

This style is the product of Harvard Business School, the age of TV, and five generations of Dewey public school policy in the US. Harvard dumbed down its business language courses because the kids showed up without any education.

That a European woman writed this way shows that she has a certain "American" world-view. It is unconscious and so deeply-rooted she is unaware of its existence. But the folks on Wall St in thier equally unconscious cunning, can sense it.

She was a shoo-in from the time the plan to "take down" DSK was in its formative stages.

The dollar will dominate. That is the simple goal of the IMF from here out. Now the tactics of artificial dollar domination wil become ever more brutal and obvious. Just you watch.




Fri, 06/24/2011 - 10:53 | 1398438 Monedas
Monedas's picture

You have to wade through the bull shit in hip boots to try to figure out what they are saying......then you realize they are trying to say nothing ! Monedas 2011

Fri, 06/24/2011 - 12:09 | 1398556 JR
JR's picture

+100, mess nonster.

If Lagarde has a skill it is a specialty in furthering unemployment – a key factor in giving the IMF leverage over struggling economies.

"[T]he period during which the most important steps for the implementation of EMU had to be taken – the second half of the 1990s – was characterized by persistently high unemployment rates across many member states. Even with rising employment rates in many of the then affected EU economies later on the process of globalization – a development which is widely perceived to be related if not further triggered by EMU – (unemployment) underlined the continuing pressure on national employment policy, social standards and the viability of social safety nets.” Professor Uwe Puetter, Department of Public Policy, Central European University (Paper presented at the 12th Biennial Conference of the European Studies

Association (EUSA), Boston, 3?5 March 2011)

As Lagarde concludes: “I stand here as a former Chair of the European Union Ecofin Council and of the G20 Finance Meetings, with a widely-recognized track record and acknowledged leadership abilities.

“I would like to put these skills and experience at work to serve the International Monetary Fund.”

God help us!

(The Economic and Financial Affairs Council [ECOFIN] Council belongs to the oldest and most senior Council formations in the EU. It is also among those Council formations which meet most often.)

Fri, 06/24/2011 - 10:29 | 1398354 Monedas
Monedas's picture

We had to learn Picaso ! They should learn Hemingway ! Monedas 2011 It's a simple case of "tit for twat" !

Fri, 06/24/2011 - 12:08 | 1398736 Joebloinvestor
Joebloinvestor's picture



Another French incompetant at the helm.


Yeah, she will not put "French interests" first.

Fri, 06/24/2011 - 12:53 | 1398884 GFORCE
GFORCE's picture

Lagarde went on a pr campaign days before Dsk was arrested. They should just give her the job and quit the faux democracy.

Fri, 06/24/2011 - 15:44 | 1399515 spanish inquisition
spanish inquisition's picture

I call hypocrisy, right out of the fucking gate.

When they were talking about a non european to run the IMF, she had a quote about qualifications and how nationality isn't important. (I am still looking for it)

Now it's the "I am woman" routine......

Fri, 06/24/2011 - 16:13 | 1399620 AldoHux_IV
AldoHux_IV's picture

You want diversity? How about choosing someone that isn't part of a secret society and furthers an agenda or someone that isn't beholden to the financial sector or someone that isn't interested in pursuing economic genocide?

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