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Posts Tagged ‘Dominique Strauss-Kahn’

IMF chief calls on US to raise borrowing limit

July 11, 2011 Comments off

miamiherald

WASHINGTON — The International Monetary Fund’s new chief foresees “real nasty consequences” for the U.S. and global economies if the U.S. fails to raise its borrowing limit.

Christine Lagarde, the first woman to head the lending institution, said in an interview broadcast Sunday that it would cause interest rates to rise and stock markets to fall. That would threaten an important IMF goal, which is preserving stability in the world economy, she said.

The U.S. borrowing limit is $14.3 trillion. Obama administration officials say the U.S. would begin to default without an agreement by Aug. 2.

“If you draw out the entire scenario of Read more…

Bilderbergers May Give Green Light to Mexican Central Banker as New IMF Boss

June 8, 2011 Comments off

infowars

Business Report today reports that Mexican central banker Agustín Carstens will be the next boss at the International Monetary Fund.

Earlier today, Prison Planet.com editor and lead journalist Paul Joseph Watson reported via video that the new IMF head would be decided this week at the Bilderberg confab.


The Latin America News Dispatch announced Carstens bid on May 25.

According to news reports, a dozen Latin American countries support the appointment of Carstens to head up the globalist loan sharking operation. The countries are Belize, Bolivia, Colombia, Honduras, Guatemala, Nicaragua, Panama, Paraguay, Peru, Dominican Republic, Uruguay and Venezuela.

The nations, a statement said, are convinced “of the need to promote greater participation of emerging economies in the region” in selecting the replacement of Dominique Strauss-Kahn as head of the world finance body.

Strauss-Kahn stepped down from the position after it was alleged he attempted to rape a hotel maid. Some believe Strauss-Kahn was set-up in order to remove him from the IMF.

French Finance Minister Christine Lagarde has also been mentioned as a possible replacement. Both Carstens and Lagarde have embarked on tours to promote their bids.

Agustín Carstens is a top-level insider. He is a Mexican economist who has held high-level positions at the Banco de México, World Bank, International Monetary Fund, and Bank of International Settlements.

As an economist, he has advocated an orthodox neoliberal economic approach to the third world and so-called “emerging economies.”

China Central Bank: New IMF Leadership Should Reflect New World Order

May 19, 2011 Comments off

zerohedge

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.

I.M.F. Names Replacement as Chief Awaits Arraignment

May 15, 2011 Comments off

nytimes

Hours after its chief, Dominique Strauss-Kahn, was arrested in connection with the alleged sexual attack of a maid at a Midtown Manhattan hotel, the International Monetary Fundon Sunday named John Lipsky as acting managing director.

Mr. Lipsky, the I.M.F.’s first deputy managing director, is a former U.S. Treasury executive and onetime banker at JP Morgan. William Murray, an I.M.F. spokesman, said that Mr. Lipsky, who has been overseeing the logistics of the bailout of the Greek economy, would meet with members of the I.M.F. board in Washington later in the day, according to Reuters.

“In line with standard I.M.F. procedures, John Lipsky, first deputy managing director, is acting managing director while the M.D. is not in D.C.,” Mr. Murray said in a statement. “Mr. Lipsky will chair the informal Board session today.”

Mr. Strauss-Kahn, 62, was awaiting arraignment on Sunday afternoon in Manhattan. The New York Police Department formally arrested him at 2:15 that morning “on charges of criminal sexual act, attempted rape, and an unlawful imprisonment in connection with a sexual assault on a 32-year-old chambermaid in the luxury suite of a Midtown Manhattan hotel yesterday” about 1 p.m., Deputy Commissioner Paul J. Browne, the department’s chief spokesman, said.

Reached by telephone, Benjamin Brafman, a lawyer, said he would be representing Mr. Strauss-Kahn with William Taylor, a lawyer in

Washington.

“We have not yet been able to meet with our client and we may have more to say tomorrow,” said Mr. Brafman, who said he had been contacted Read more…