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are those in power now actually going to start taking each other out?
Originally posted by MikeboydUS
The IMF, historically has been an asset of the US State Department. I would say this is still true. At this moment, the IMF are pushing their way into the EU. In the past, they would put third world nations in a form of debt bondage to the bank. Lastly, they are pushing for a "global reserve currency", that could become a global currency over time. This would make the IMF into the world's central bank or "Global Reserve Bank".
Originally posted by DjDoubleD
The bigger, hidden story is that this maid had the cops on this guys ass before he could flee the country, and they actually got him! Kudos to NY's finest for the quick nab! *claps*
With the global economy still fragile after the worst downturn since the 1930s and Europe gripped by a debt crisis, the scandal involving Dominique Strauss-Kahn could hardly have come at a worse time for the International Monetary Fund.
The organisation now risks being left rudderless as delicate negotiations take place on the terms of a new loan package to Greece and as the fund seeks agreement on policies to prevent a relapse into recession.
It also looks inevitable that there will be a power struggle to fill the vacuum at the fund, with the developing world insisting that the time has come to end the carve up between the Europeans and the Americans of the top jobs at the IMF and its sister organisation, the World Bank.
If there was any threat that the IMF would launch an SDR alternative to the USD, it is all over now. According to the NYPost, IMF head Dominique Strauss-Khan (no Bob Pisani, it is not a she) was just arrested on board the first class cabin (thank you taxpayers) of a New York-Paris flight as it was about to take off. And here is where the story gets surreal: "Around noon today, a maid at the hotel [the Sofitel by Times Square] knocked on the door of Strauss-Khan’s room. After letting the maid in, Strauss-Khan allegedly threw the maid on the room’s bed and forced her to perform oral sex on him, said police sources. Strauss-Khan let the maid leave — and soon afterward, headed off to Kennedy Airport for his flight to Paris." Of course this will not be the first sexual misconduct for the head of the world's global pseudo bail out organization: as a reminder back in 2008 the IMF hired a law firm to investigate whether its chief had an improper relationship with a female employee, Piroska Nagy. Back then he got off. This time he won't (even though he did... in a way), and it appears that the IMF is about to lose its head, meaning the fate of literally unlimited bailout funding is now up in the air.