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Was Dominique Strauss-Kahn Trying to Torpedo the Dollar?

ilene's picture




 

Was Dominique Strauss-Kahn Trying to Torpedo the Dollar?

Courtesy of Mike Whitney 

It's all about perception management. The media is trying to dig up as much dirt as they can on Dominique Strauss-Kahn so they can hang the man before he ever sees the inside of a courthouse. It reminds me of the Terry Schiavo case, where devoted-husband Michael was pegged as an insensitive slimeball for carrying out the explicit wishes of his brain-dead wife. Do you remember how the media conducted their disgraceful 24 hour-a-day Blitzkrieg with the endless coverage of weepy Christian fanatics on the front lawn of the hospital while Hannity, Limbaugh and O' Reilly fired away with their sanctimonious claptrap?

And now you're telling me that that same media is just "doing their job?"

Give me a break.

Whoever wants to nail IMF chief Dominique Strauss-Kahn has really pulled out all the stops.  Their agents have been rummaging through diaries, hotel registries, phone records, yearbooks, yada, yada, yada. The UK Telegraph even paid a visit to a high-priced DC knocking shop to get a little dirt from Madame Botox; whatever it takes to make a randy banker look like the South Hill rapist. And they're doing a pretty good job, too. The cops have made sure that the "Great Seducer" always appears handcuffed and dressed in a "pervie" raincoat with 3-days stubble before they parade him in front of the media.  On Wednesday--more grist for the mill--they released his mug-shot, an unflattering, deadpan photo that makes him look like Jack-the-Ripper. Was that the intention? 

And, that's not the half of it. The Big Money is exhuming every woman he's ever had contact with for the last 30 years hoping they can glean some damning tidbit of information that will convince the doubters that beneath that sophisticated manner and $25,000 suit lurks a closet Bluebeard ready to snap up your daughters and defile your wives.   Next thing you know, they'll be trotting out Paula Jones and Tanya Harding claiming they spent a torrid night with the Marquis de Kahn in a trailerpark outside Winamucca.

Where does it stop? Or does it stop? Are we in for another year-long Clinton-Lewinski feeding frenzy where everyday we hear more lurid details about the sexploits of people who don't really interest us at all?

Aren't you at all curious about who's behind this "lynching by media" scam? This is an all-out, no-holds-barred, steel-cage, take-down. The big boys save that kind of action for the worst offenders, that is, for the insiders who have broken "Omerta" or wandered off the reservation. I mean, they locked him up on Riker's Island without bail, for Chrissake. What does that tell you? Even Bernie Madoff was allowed to stay in his $7 million Park Avenue penthouse while he waited for trial, but not Straus-Kahn. Oh, no. He get's the royal treatment, even though he has no criminal record and nothing but the sketchy accusations of a chambermaid against him, he's carted off to the state slammer where he can mingle with hardened criminals while dining on corn flakes and Wonder Bread.

You call that justice?

Can I tell you what this is all about? It's about the dollar. That's right. Strauss-Kahn was mounting an attack against the dollar and now the wrath of the Empire has descended on him like ton-of-bricks.  Here's the scoop from the UK Telegraph:

"Dominique Strauss-Kahn, managing director of the International Monetary Fund, has called for a new world currency that would challenge the dominance of the dollar and protect against future financial instability.....

He suggested adding emerging market countries' currencies, such as the yuan, to a basket of currencies that the IMF administers could add stability to the global system....Strauss-Kahn saw a greater role for the IMF's Special Drawing Rights, (SDRs) which is currently composed of the dollar, sterling, euro and yen, over time but said it will take a great deal of international cooperation to make that work." ("International Monetary Fund director Dominique Strauss-Kahn calls for new world currency", UK Telegraph)

So, Strauss-Kahn finds himself in the same crowd as Saddam Hussein and Libyan leader Muammar Gaddafi, right? You may recall that Saddam switched from dollars to euros about a year before the war. 12 months later Iraq was invaded, Saddam was hanged, and the dollar was restored to power.  Gaddafi made a similar mistake when "he initiated a movement to refuse the dollar and the euro, and called on Arab and African nations to use a new currency instead, the gold dinar." ("Libya: All About Oil, or All About Central Banking?" Ellen Brown, Op-Ed News)  Libya has since come under attack by US and NATO forces which have armed a motley group of dissidents, malcontents and terrorists to depose Gaddafi and reimpose dollar hegemony.

And now it's Strauss-Kahn's turn to get torn to shreds. And for good reason. After all, DSK actually poses a much greater threat to the dollar than either Saddam or Gaddafi because he's in the perfect position to shape policy and to persuade foreign heads of state that replacing the dollar is in their best interests. And that is precisely what he was doing; badmouthing the buck. Only he was too dense to figure out that the dollar is the US Mafia's mealticket, the main way that shifty banksters and corporate scalawags extort tribute from the poorest people on earth. Strauss-Kahn was rocking the boat, and now he's going to pay.

Here's a clip from CNN Money:    

"The International Monetary Fund issued a report Thursday on a possible replacement for the dollar as the world's reserve currency.

The IMF said Special Drawing Rights, or SDRs, could help stabilize the global financial system....SDRs represent potential claims on the currencies of IMF members.....The IMF typically lends countries funds denominated in SDRs. While they are not a tangible currency, some economists argue that SDRs could be used as a less volatile alternative to the U.S. dollar.

"Over time, there may also be a role for the SDR to contribute to a more stable international monetary system," he said.

The goal is to have a reserve asset for central banks that better reflects the global economy since the dollar is vulnerable to swings in the domestic economy and changes in U.S. policy.

In addition to serving as a reserve currency, the IMF also proposed creating SDR-denominated bonds, which could reduce central banks' dependence on U.S. Treasuries. The Fund also suggested that certain assets, such as oil and gold, which are traded in U.S. dollars, could be priced using SDRs." ("IMF discusses dollar alternative", CNN Money)

Wow. So DSK was zeroing in on US Treasuries as well as the dollar? That's the whole shooting match.

So, what type of progress was he making in converting USDs to SDRs? According to Reuters: "The IMF general resources credit outstanding increased to 65.5 billion Special Drawing Rights, or SDRs, ($104 billion) on May 12 from 6.0 billion SDRs at December 2007. The so-called new arrangement to borrow, which came into effect on April 1, increased the IMF's available lending resources to 269 billion SDRs on May 12 from 120 billion SDRs on March 31." (Reuters.com)

Not a bad start for such an ambitious project. It looks like DSK's dream of dethroning the dollar as the de facto "international currency" was beginning to gain momentum.  But didn't he know that his actions would anger some very powerful and well-connected people?

Well, if he did; he never let on. In fact, he started mucking around in other stuff, too, like when he intervened on behalf of Irish taxpayers, trying to protect them at the expense of foreign bondholders. That's a big "No no" in banker's world. They keep a list of "people who count", and taxpayers are not on that list. Here's an excerpt from the Irish Times:

"Ireland’s Last Stand began less shambolically than you might expect. The IMF, which believes that lenders should pay for their stupidity before it has to reach into its pocket, presented the Irish with a plan to haircut €30 billion of unguaranteed bonds by two-thirds on average. (Irish finance minister) Lenihan was overjoyed, according to a source who was there, telling the IMF team: “You are Ireland’s salvation.”

The deal was torpedoed from an unexpected direction. At a conference call with the G7 finance ministers, the haircut was vetoed by US Treasury Secretary Timothy Geithner who, as his payment of $13 billion from government-owned AIG to Goldman Sachs showed, believes that bankers take priority over taxpayers. The only one to speak up for the Irish was UK chancellor George Osborne, but Geithner, as always, got his way. An instructive, if painful, lesson in the extent of US soft power, and in who our friends really are.

The negotiations went downhill from there. On one side was the European Central Bank, unabashedly representing Ireland’s creditors and insisting on full repayment of bank bonds. On the other was the IMF, arguing that Irish taxpayers would be doing well to balance their government’s books, let alone repay the losses of private banks." ("Ireland's future depends on breaking free from bailout", Morgan Kelly, Irish Times)

So, Strauss-Kahn stuck up for Irish taxpayers over the banks, the bondholders, the ECB, and the US Treasury. Naturally, that made him persona non grata among the ruling throng. 

And, there's more, too, because Strauss-Kahn's vision was not limited to currency alone, but involved broad structural changes to the IMF itself that would have reversed decades of neoliberal policies.  DSK had settled on a new approach to policymaking; one that would abandon the worst elements of globalization and put greater emphasis on social cohesion, cooperation and multilateralism. Here's an excerpt from the speech titled "Human Development and Wealth Distribution" he gave in November 2010:

"....Adam Smith—one of the founders of modern economics—recognized clearly that a poor distribution of wealth could undermine the free market system, noting that: “The disposition to admire, and almost to worship, the rich and the powerful and…neglect persons of poor and mean condition…is the great and most universal cause of the corruption of our moral sentiments.”

This was over 250 years ago. In today’s world, these problems are magnified under the lens of globalization....globalization also had a dark side. Lurking behind it was a large and growing chasm between rich and poor—especially within countries. An inequitable distribution of wealth can wear down the social fabric. More unequal countries have worse social indicators, a poorer human development record, and higher degrees of economic insecurity and anxiety. In too many countries, inequality increased and real wages stagnated—failing to keep up with productivity—over the past few decades. Ominously, inequality in the United States was back at its pre-Great Depression levels on the eve of the crisis....

An immediate task is to end the scourge of unemployment....Progressive taxation can also promote equity through redistribution, and this should be encouraged....“Inequality is corrosive” ....“it rots societies from within…it illustrates and exacerbates the loss of social cohesion…the pathology of the age and the greatest threat to the health of any democracy.” ("Human Development and Wealth Distribution", Dominique Strauss-Kahn, IMF)

Can you believe it? DSK is lecturing bankers about redistribution? That's not what they want to hear. What they want to hear is why ripping off poor people actually makes the world a better place.  DSK's speech just shows that he wasn't drinking the Koolaid anymore. He was becoming a nuisance and they needed to get rid of him.

Does that mean he didn't rape the woman who was in his hotel room?

Of course not. In fact, he could be guilty. But he deserves a fair trial, and someone's making damn sure he doesn't get one.

Originally published at Global Research 

 

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Sun, 05/22/2011 - 15:49 | 1300363 jmcadg
jmcadg's picture

This one always smelt of fit up from the get go.

I wouldn't be surprised if the maid was part of this.

DSK may not be whiter than white, but if the line of this article were on point, they wouldn't want to pop him off, much better to parade him and ruin him, to remind anyone else what to expect if they try to get in the way of the banking scum, the on highs and even shitty little turds like little Timmy Geitner. Fuck the lot of them, Simples.

Sun, 05/22/2011 - 10:41 | 1299952 rookie
rookie's picture

And today Christina Romer is advocating for devaluing the currency . . ."Needed: Plain Talk About the Dollar"

http://www.nytimes.com/2011/05/22/business/economy/22view.html?_r=1&scp=1&sq=Needed:%20Plain%20Talk%20About%20the%20Dollar&st=cse

Ms. Romer, I have some questions for you:

How low should the dollar go before you (and Larry Summers, Dean Baker, Josh Bivens, Ezra Klein, Joseph Stiglitz, etc.) get concerned?  How low is "good"?

http://www.washingtonpost.com/business/strong-dollar-doesnt-make-sense/2011/05/16/AFeppB5G_story.html

http://www.epi.org/page/-/old/briefingpapers/140/bp140.pdf

http://www.cepr.net/index.php/op-eds-&-columns/op-eds-&-columns/job-creation-the-old-economic-textbook-way-reducing-the-value-of-the-dollar

Is it ok if the dollar is falling because investors want to hold their money in Swiss francs, Canadian or Australian dollars?  Is that still a "good direction" if money is leaving the country? 

What about the impact on the middle class that a falling dollar has on the price of oil imports?  Does the benefit of increased exports outweight the impact of higher oil prices on the domestic consumer and the economy?

Instead of demanding that China revalue the yuan, why don't Americans just do it for themselves . . .and only buy goods made in America?

Do you agree with Joseph Stiglitz (and DSK) in calling for the end of the dollar as the world's reserve currency?

"Stiglitz Urges New Global Reserve Currency to Stem Imbalances" http://noir.bloomberg.com/apps/news?pid=newsarchive&sid=aab7J705krP4

Sun, 05/22/2011 - 10:19 | 1299912 seanheberling
seanheberling's picture

Eliot Spitzer, Julian Assange, DSK. All of these guys were perverts incapable of restraint while publicly posing views that opposed the bureaucratic status quo? www.liquidinvestor.blogspot.com

Sun, 05/22/2011 - 09:56 | 1299889 zippy_uk
zippy_uk's picture

Why assume this is all US/USD centric ? For one thing, Benanke is already trashing the dollar, so no IMF plot needed.

How about a German / Franco / UK plot to prevent German / Franco / UK banks from taking massive loan loss on PIIGS debt ?

 

Sun, 05/22/2011 - 09:51 | 1299877 Protonrick
Protonrick's picture

Why is this "important" guy flying around the world all alone?

Where is his entourage?  Where are his bodyguards?  His assistants, his secretary, his aides-de-camp? His friends? 

Sun, 05/22/2011 - 09:13 | 1299851 rwe2late
rwe2late's picture

What is most annoying are the comments of those who claim to know for sure what DSK has done or did not do in his personal life.

The media of the ‘mass-ass’ loves to speculate and muck about the personal comings and goings of the rich and powerful.

Such speculations and titillations serve as a fine distraction from focusing on the actual policies and activities of the organizations they head.

Speculating about the sexual deviancies of DSK, Sarkozy, and Berlusconi, or the supposed non-deviancy of Obama, Bush, Blair, and Cheney may be entertaining to some, but it is hardly enlightening or of much consequence.

Ilene’s article has some merit inasmuch as it discusses policy reasons why the oligarchy may have wanted DSK dethroned, whether they actually sabotaged him or not (much as many neoCONs longed for a “9-11”, regardless of the extent they may have facilitated it).

Sun, 05/22/2011 - 09:07 | 1299846 tradewithdave
tradewithdave's picture

Don't do the "thought crime" if you can't do the Bloomberg Media ratings time. We're all innocent until proven guilty of mainstream media consumption. Dave "cut the cable in 2009" Harrison www.tradewithdave.com

Sun, 05/22/2011 - 08:29 | 1299816 jekyll island
jekyll island's picture

The IMF is just another central bank, DSK is just another socialist.  Makes sense that the US would want him removed, why would US want to transfer their ability to screw everyone to the IMF?  Of course DSK would say and do things to collect support for IMF world currency to replace FRN.  After that happens what is IMF agenda?  Meet the new boss, same as the old boss.  IMF can now create currency and inflation on a worldwide stage, they do not have to ask permission of US, ECB, etc.  The US would suffer significantly in that setting.  It's one bankster fighting off a power grab from another bankster.  They ALL should be in Riker's Island. 

Sun, 05/22/2011 - 09:57 | 1299886 Confuchius
Confuchius's picture

There's good news & there's bad news:

The good news is that the banksters are sating their young.

The bad news is: There's still a few banksters left.

Vee haff not yet reached zee final zolution!

Sun, 05/22/2011 - 08:19 | 1299806 Motorhead
Motorhead's picture

And then there's "Sarko the American".  DSK would more than likely been his main competitor for president of France.

(BTW, ou est Ségolène Royal aujourd'hui?)

Sun, 05/22/2011 - 08:06 | 1299800 Catullus
Catullus's picture

This is classic conspirarcy theory stuff.  No facts.  Just dots that loosely connect.  Nothing about what DSK was actually trying to create.  He wasn't taken down for proposing the demise of the dollar as the reserve currency.  The IMF has been saying that for decades. Going off the dollar by creating another world currency was not going to stop the rape of the poorest by the banking elite.  It's very much aligned to that end.

Holy shit, a little investigative journalism uncovers that DSK is a slimeball.  He ends up going to jail of all places.  People in the US take pictures of him as he's walked from car to courtroom when he hasn't even shaven!  He's only allowed one team of high priced legal council.  He's only allowed to be confined on bail in his downtown Manhattan apartment where he only has access to anything he could possibly want or need delivered to his door. Next he'll be subjected to rude questioning by a prosecutor who will suggest that he's a criminal and won't even use the approved titles of "your magesty" or "your grace" or "lord" during that questioning. 

 

Sun, 05/22/2011 - 07:37 | 1299781 Hannibal
Hannibal's picture

Paradigm shift: USD is toast!

Sun, 05/22/2011 - 05:51 | 1299738 pcrs
pcrs's picture

"Can you believe it? DSK is lecturing bankers about redistribution?"

Did he do this from his 3000$/night hotel room?

Sun, 05/22/2011 - 05:19 | 1299732 web bot
web bot's picture

.

Sun, 05/22/2011 - 04:24 | 1299717 dondonsurvelo
dondonsurvelo's picture

I can't believe how many of you fucks are sticking up for this dirtbag.  Just because he is amember of the liberal elite, it must be a conspiracy that is making him out to be a sexual deviant.  So if you have education, money and power rape is impossible?  The guy is getting what he deserves and I guarantee you that no one is responsible for this except  him.  But like most of the posters here which are probably also liberal elites, you have to stand by your man.  You make me want to puke.

Sun, 05/22/2011 - 09:54 | 1299880 Orly
Orly's picture

Nobody I read here is "sticking up" for this villain of a man.  What we are saying is that the sumbitch got away with it for years but then he made the unfortunate mistake of asking the Irish private banks to take a haircut, which would have dominoed down to billions and billions of losses for European private banks.

The only reason the asshole is in jail now is not because he tried to bone some maid but because he tried to bone the banksters.

That's all.

Sun, 05/22/2011 - 11:20 | 1300005 falak pema
falak pema's picture

Give a dog a bone...what sort of juicy rump steak would make your trading capabilities hit the top 'bone' bracket...I'm a steak 'au poivre' man..and I like it rare...and they say the best steak meat comes from Argentina....but I'm sure the Texans would contest that. That's 'cos lone star bone is juicy jowled...like a vaquero bred cow. Do the swiss have good cows to feed their francs with its pure milk? I wouldn't put a call on that but then I better stick to poivre, not to gruyere cheese. Sumbitch villain and poor Irish will have to eat barley and wheat. It doesn't seem fair. 

Sun, 05/22/2011 - 16:25 | 1300419 Orly
Orly's picture

So rare, in fact, that you have no clue what au poivre means.

Talk sense, or don't talk at all, how 'bout it?  Feed cows good francs with pure milk?  Your metaphors become you, idiot.

Sun, 05/22/2011 - 19:15 | 1300582 falak pema
falak pema's picture

lol, sorry Orly...but then I am very remiss as ...I don't know the difference between milk...and money....I always thought milking a cow was a way of generating swiss francs from gullible depositors. As au poivre ...is a recipe with cognac and white wine...but then its just a pipe dream. I apologize...Please don't be upset. I'm more a fool than a fool for more. Double apologies...as I've been remiss elsewhere.

Here is my steak au poivre recipe:

http://www.aftouch-cuisine.com/recette/steak-au-poivre-286.htm

Sun, 05/22/2011 - 21:25 | 1300904 Orly
Orly's picture

If I am not mistaken, the cognac must be mixed with the burnings from the skillet where you made the steak, which would not be possible if your steak were rare.

Anyway.  Sorry.  I haven't been feeling well today and I don't mean to take it out on you.

Apologies.

:D

Mon, 05/23/2011 - 05:32 | 1301280 falak pema
falak pema's picture

Well if the steak is thick rump, it can be singed on top and stay red tender inside. In fact I think I cook it for less than three minutes on strong fire before adding the sauces. It's detailed in recipe and it never fails!

Sun, 05/22/2011 - 22:30 | 1300998 Orly
Orly's picture

Have a great recipe for carrot cake.  It is the best.

4 eggs

1 1/4 cup vegetable oil

1 cup white sugar

3/4 cup brown sugar

2 teaspoons vanilla extract

2 cup all-purpose flour

1/2 teaspoon nutmeg

2 teaspoons ground cinnamon

2 teaspoons baking soda

2 teaspoons baking powder

1/2 teaspoon salt

3 cups grated carrots (I like to julienne them and cut them into tiny cubes...) about seven medium to large carrots

1 cup chopped pecans

Beat the eggs, sugars and vanilla extract

Mix all dry ingredients thoroughly and stir into the liquid mixture

Add the carrots and the pecans.

Bake at 350F for about an hour in a well-greased and floured 9 x 13 baking dish.

:D

Mon, 05/23/2011 - 05:32 | 1301277 falak pema
falak pema's picture

thank you I appreciate. And holy cows apart, hope am forgiven. What is origin of this recipe?

Sun, 05/22/2011 - 04:15 | 1299712 Volaille de Bresse
Volaille de Bresse's picture

"Nobody makes note of DK's wife being the equivalent of  a French Hillary Clinton?"

 

No she's not. At the age of 18 she was FAR wealthier than Hillary and she never ever had interest in a political career. She was a woman working in the French TV channel. 

Sun, 05/22/2011 - 04:11 | 1299710 Volaille de Bresse
Volaille de Bresse's picture

DSK was as "socialist" as Tony Blair or Schroeder = he hated the common people with all his guts.

I won't miss him & I thank the U.S. legal for putting him down (read : in France he could have raped a migrant woman from Africa and get away with it). 

 

Au revoir Dominique! Too bad there's still thousands of s-bags like you at the highest levels of power. 

Sun, 05/22/2011 - 04:00 | 1299706 bill40
bill40's picture

The idea that someone as powerful as DSK is subject to the law is laughable. If he was still "one of the boys" these charges would never have seen the light of day.

 

Frankly, I have no doubt that he is guity but this was still a set up, using his well known pecadillos against him. Guity or not it makes no difference now.

 

He's finished anyway.

Sun, 05/22/2011 - 03:13 | 1299693 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Ilene, you wrote the worst article I have ever read on this site.  DSK's arest obviously has nothing to do with the fact that he forced sodemy.  It has nothing to do with the fact that the victem wanted justice.  And also, welcome to America, where Entertainment and gossip is King and Queen.  Tyhe world wants to know why the most powerful men are also worthless human beings.  I say that is a fair question.

Why do we let worthless pieces of trash run finance and economics?  These people have no moral compus, so why should they dictate the terms of the world?  Fair questions.

The dollar does not need one man to defile it.  The dollar is a piece of garbage, and DSK was not trying to save the world from it.  DSK was a piece of shit banker.  He is getting burned, I am not denying the House of Sarkozy is most likely throwing DSK to the wolves, but when politicians have an opportunity such as this, you better believe they will burn their opponent everytime. 

This article is so bad I hope Tyler throws it in the wastebasket.

Sun, 05/22/2011 - 10:35 | 1299940 Narcolepzzzzzz
Narcolepzzzzzz's picture

Ilene didn't write the article, Mike Whitney did.

Sun, 05/22/2011 - 03:07 | 1299690 michigan independant
michigan independant's picture

As long as citizens are fat, lazy and full no will care. Really the Jury has the burden here. I hope there wisdom and prudence is reasoned as the presentation of the evidence. Other than 99.999 percent of the planet who could care less.

Sun, 05/22/2011 - 02:49 | 1299681 ilene
ilene's picture

As Sherry wrote, "This article does not presume his innocence. It simply looks to the motive for outing (and destroying) him at this point in time." DSK could very well be guilty,... and still have the right to a fair trial. We don't know all the facts. I also agree with William's summation: "...keep your pecker in your pants." - that was good advice DSK should have taken. On Mike's argument - there are some things I'd question - DSK's treatment after being arrested, Mike finds it out of the ordinary, I don't think so, but then again I don't know what's standard. Also on the Dollar, Geithner and Bernanke seem pretty happy to destroy it themselves. But the story, taken at face value, does not fully make sense. - Ilene 

Sun, 05/22/2011 - 07:55 | 1299786 ToNYC
ToNYC's picture

 

DSK's important failure was not at all that he should keep his pecker in his expensive slacks, but that he consorted with a woman who had less to lose than he, rather than one who had more to lose. Smarter players fired his silly ass in an elegant manner; self-inflicted, the sad sack didn't know the gun was loaded.

Sun, 05/22/2011 - 02:36 | 1299676 tip e. canoe
tip e. canoe's picture

ok, American sports fans, here's a question for you (purely hypothetical of course).   if given the choice, would you :

a) accept a "one world currency" as outlined above if you were allowed the "freedom" to make your transactions in whatever currency you chose (seashells if you like) without legal consequences or 

b) continue to support the sovereignty of King Dollar (aka FRN) with all the requisite terms and conditions attached even if that means allowing all the current 'extend & pretend' games to continue?

enquiring minds want to know...

Sun, 05/22/2011 - 02:02 | 1299639 strannick
strannick's picture

Its all about perception management. Do you remember how the media conducted their disgraceful 24 hour-a-day Blitzkrieg with the endless coverage of weepy Christian fanatics on the front lawn of the hospital while Hannity, Limbaugh and O' Reilly fired away with their sanctimonious claptrap?

Are you trying to be funny? Or just trying to manage my perecptions?

As  for the dollar is the US Mafia's mealticket, the main way that shifty banksters and corporate scalawags extort tribute from the poorest people on earth. Strauss-Kahn was rocking the boat, and now he's going to pay...

If you think SDRs are the liberator from Dollar hegemony as the IMF sets out to break the shackles of the 3rd world, you're probably sporting a 'Hope and Change 2008' bumpersticker.

DSK's speech just shows that  1. he wasn't drinking the Koolaid anymore. He was becoming a nuisance and they needed to get rid of him. 2.Does that mean he didn't rape the woman who was in his hotel room?Of course not

So then as DSK incorporates both these viewpoints into his worldview, he has truly become Clintonian in his outlook

Sun, 05/22/2011 - 00:48 | 1299613 BarrySoetoro
BarrySoetoro's picture

Clap-trap.

Sun, 05/22/2011 - 00:44 | 1299610 polizeros
polizeros's picture

a) DSK is now out on bail. For genuinely horrible treatment in prison though, look at Allen Stanford. He was never permitted bail, put in general population in Texas prison where he was methodically destroyed, beaten savagely, and made addicted to drugs. He's now a shell, apparently. Why? (PS, I think he's guilty as hell, just wondering why the savage treatment.)

b) A Scottish friend remarked that DSK's approach to debtor nations is like a Democrat- he apologizes after he rapes you.

c) Denninger said Eliot Spitzer was setup, but you can't get setup if you keep your pants on and that if DSK was setup then two lions will try to kill each other.

Sun, 05/22/2011 - 00:38 | 1299607 williambanzai7
williambanzai7's picture

I begin and end with the whole idea that a French President sends a guy to lead the IMF with the words...keep your pecker in your pants, America is not France.

This sums it all up nicely.

Sun, 05/22/2011 - 05:28 | 1299735 falak pema
falak pema's picture

Well, Christine should do a better job; she has no pecker! She is bona-fide mother of sons. So no doubts there. And...she is more conducive to american Oligarchy play as she headed up a major US law firm for many years. She is truly Sarkozy's and Geithner's girl. So she fits the score perfectly; to steer the IMF back from rocky USD hegemony contesting waters (as this article so articulately propounds). And, she is on record for saying she did not WANT to see big haircuts. So there, now we know that France is back in the global team and all is well in Gotham as in DC...except, for a private gentleman who has trouble finding a place to live in-spite of his rich wife! He will have an uncomfortable six months ahead. Maybe its time he wrote his memoirs and sold them to Hollywood to earn his bread and pay those bloodsucking lawyers, all devoted to muck racking and staking his dicy cause in court.

As for the IMF, USD, Euro sovereign debt its back to groove-less Oligarchy play...i.e: currency war galore! And may the devil take the hind most!

Sorry for the false hopes! Folks in Ireland, but DSK was your white knight... who fell one Darkness at Noon time in a plush hotel alley.

Sun, 05/22/2011 - 09:26 | 1299864 Jack Sheet
Jack Sheet's picture

+1

DSK's costs:

-bail + insurance bond

- lawyers, private investigators

- apartment rental

- security company charges

- defense of civil suit, damages if lost (see OJ Simpson)?

 

Sun, 05/22/2011 - 10:12 | 1299907 falak pema
falak pema's picture

Jack : How much do you think Hollywood/MSM will offer him for his royalty; to film or the publish his memoirs? ....In millions...He is now hot stuff (and no longer political, international troublemaker)..the thing that legends are made off...I am anticipating that they won't be able to NAIL him legally...So although his public life is toast ...the controversy about his role in IMF, big enigma in coming EU/USA melt-down,  and his avowed sexual drive (always a best selling theme), will feed the gravy train all over the world. I would go long...on DSK!

Sun, 05/22/2011 - 10:56 | 1299970 Jack Sheet
Jack Sheet's picture

Now that's true leverage - all of it off (purported) 5 minutes of grope and a 3 minute blow job !

Sun, 05/22/2011 - 01:42 | 1299641 strannick
strannick's picture

Yeah, Les Yanquis arent down with the hippness of rape just yet.

Sun, 05/22/2011 - 00:34 | 1299600 mendigo
mendigo's picture

the fact that this guy is staying in a hotel room at 3000/night is in itself a crime

but there is no way this guy could force someone to give him head - get real. the last place your going to put your penis is in the mouth of someone unhappy about the idea and she was apparently not so terrified of him

sounds more likely he made her an offer for a quick bj and then got carried away (as is apparently his habit) and she didn't go for it

even if he did everything she claims how the hell could they prove it (sorry to say). and like yeah its sooo suspicious that one would be in a hurry to get to an airport - i am typically runing for the plane and have yet to rape anyone

real classy though having your daughter at your rape trial - whats up with that

Sun, 05/22/2011 - 00:33 | 1299595 lawrence1
lawrence1's picture

Guilty or not (and I would bet he is, by the way), I think the article is convincing about his making enemies with the FED and its associates and this may have some influence on how this is being handled. These bankers are ruthless, exporting inflation to the world and causing the starvation of millions. And I dont see why some people are so dismissive of this possibility, even being vulgar about it.

Sun, 05/22/2011 - 01:18 | 1299632 Orly
Orly's picture

I agree with your assessment here, Lawrence.  It seems plausible to me.  To be fair, though, to other posters, the author was rather belligerent, as well.

The first and last things these banksters are going to do is preserve dollar hegemony and make sure the bankers get paid.  It seems it wasn't so much the SDR idea as it was telling the Irish private banks to take a 30% haircut...then the Greeks, Italians, Portuguese?  Nah, I don't think so, Holmes.

As Barney Fife said, "You gotta nip it, Andy.  Gotta nip it in the bud." Looks like they succeeded- at least for now.

Sun, 05/22/2011 - 00:29 | 1299592 cocoablini
cocoablini's picture

I would say this: If He was an integral part of the banking cartel scam, would Geithner, Bernanke allow him to get busted? If this was true, and he was a friend of the US, he would be on a plane to France already.
He obviously was set up in a honeypot trap- classic spooks 101 crap. He's a scumbag, but pissed off uber scumbags like Geithner somehow.
The US trying to protect their status of sovereign and senior currency is probably overblown. People have been saying that stuff for years- and it helps Ben firebomb the dollars value.
But defaulting on crookster debt is a BIG NO,NO

Sun, 05/22/2011 - 07:41 | 1299783 ToNYC
ToNYC's picture

 

A bit much like the silver bullet theory on JFK's faux pas.

http://www.john-f-kennedy.net/executiveorder11110.htm

Sat, 05/21/2011 - 23:53 | 1299553 Lucius Corneliu...
Lucius Cornelius Sulla's picture

I doubt that getting rid of DSK is going to stop other Nations who see it in their best interests from taking steps toward diminishing the role of the dollar in global trade.  Even NYC's finest could figure that one out.

Sat, 05/21/2011 - 23:50 | 1299547 Hunch Trader
Hunch Trader's picture

Uncle Ben wants to rape the dollar all by himself...

 

Sat, 05/21/2011 - 23:31 | 1299532 Joebloinvestor
Joebloinvestor's picture

Nobody makes note of DK's wife being the equivalent of  a French Hillary Clinton?

Sat, 05/21/2011 - 23:22 | 1299517 ParisianThinker
ParisianThinker's picture

What a boat load of crap.

SInce I am also a licensed lawyer in the state of NY, you my friend, ought to concentrate on thinking instead of writing.

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