* * *
And she certainly did not make the mistake to feed the homeless:
Always good to have friends in high places, especially if they are from the Rothschild dynasty…
666, how appropriate…
… and …
“This should help calm all that they’re-only-in-it-for-themselves, anti-establishment feeling out there,” quipped Globe and Mail senior international correspondent Mark MacKinnon about the verdict against Lagarde.
(COMMONDREAMS) Christine Lagarde, head of the International Monetary Fund (IMF), on Monday was found guilty of “negligence” for approving a massive government payout to business tycoon Bernard Tapie during her tenure as French finance minister.
“This should help calm all that they’re-only-in-it-for-themselves, anti-establishment feeling out there,” quippedGlobe and Mail senior international correspondent Mark MacKinnon in response to the latest charge of government corruption.
Once in while, a feel good story comes around. As we covered in our recent episode of ON THE QT @21WIRE.TV, the thought of IMF head Christine Lagarde facing trial over her $440 million pay-off to elite insider Bernard Tapie – is certain to bring a smile to many. For years, the public have had to endure watching globalist elites swooning around their jet-set circuit. From Aspen, to Wall Street, to the World Economic Forum in Davos, they pontificate about ‘economics’, and alongside their pop culture mascots like Bono from U2 seated comfortably in their Gulfstream Jets. They claim to be peddling “solutions’ and that they are somehow saving the world’s poor from abject poverty.
However, Lagarde isn’t the first international bankster luminary to be led into the dock. No sooner did previous IMF head Dominique Straus-Khanannounce during a speech the “risks for the global economy” calling for a new approach to economic policymaking, Straus-Khan was swiftly brought down after being accused of raping an NYC hotel maid. Later, he was dragged over the media coals for his membership to a elite VIP ‘sex party’ ring.
Is Lagarde involved in high level corruption, or is she being decommissioned for another reason? Or is it both?
International Monetary Find (IMF) chief Christine Lagarde will stand trial for her role in a €400 million ($440 million) payout as French finance minister in 2008 to businessman Bernard Tapie from December 12, a French court said on Monday.
Today’s Wikileaks disclosure, in which two IMF officials hinted that the IMF may use a “credit event as a means to pressurize(sic) Greece” as it has been subsequently put by Greek officials, has elicited another round of widespread anger in Athens and could jeopardize the upcoming Greek debt negotiations.
The anger has been made more acute because Greece previously accused Poul Thomsen, one of the IMF staffers caught on the leak, of effectively sabotaging talks in the past when the IMF refused to compromise on Greek pension cuts after the government proposed alternatives with an equivalent fiscal impact.
As such, hoping to ride on the latest wave of populist anger, it was only a matter of time before the country’s prime minister Alexis Tsipras officially responded to the IMF.
PARIS (AP) — International Monetary Fund chief Christine Lagarde has been ordered to stand trial in France over her role in a 2008 arbitration ruling that handed 400 million euros ($434 million) to a French business magnate.
A French court ordered the orange-skinned IMF head to finally face trial over her alleged role in the Tapie payout scandal. What is most unexpected about this outcome is that France’s top prosecutor had recommended in September that investigations against Lagarde in the case be dropped.
– Max Keiser on Greece: ‘The IMF is a Financial Mafia’ (April 28, 2010):
The only solution for Greece is to arrest the Goldman Sachs bankers immediately and all those involved in the fabrication of Greek economic data in 2000, when you became a member of the eurozone. The next step is to nationalize all banks like Sweden did in 1993. The International Monetary Fund is that last thing you need. You will lose your sovereignty. It exercises terrorism. You will be raped in such a way, that it will be the worst pain you have ever felt.
– Greece Set To Restart Negotiations, IMF “Ready To Assist” Greece, Lagarde Says (ZeroHedge, July 6, 2015):
Just hours after receiving a clear mandate from the Greek people to stand firm in the face of calls for more austerity, the Greek government, squeezed by an acute liquidity shortage in the collapsing banking sector, is set to head back to the negotiating table seeking to “restore liquidity” and find a “sustainable” solution to the country’s debt problem. From Bloomberg:
- LEADERS OF GREEK RULING AND OPPOSITION PARTIES ISSUE JOINT STATEMENT BACKING EFFORTS TO REACH DEAL WITH CREDITORS
- GREEK POLITICAL PARTIES SEEK AGREEMENT TO COVER FINANCING NEEDS
- GREEK LEADERS SAYS GOAL IS TO SECURE COUNTRY’S FINANCING
- GREEK LEADERS: DEAL SHOULD TACKLE DEBT SUSTAINABILITY PROBLEM
- GREEK LEADERS: RESTORING LIQUIDITY IS TOP PRIORITY
Speaking of finding a “sustainable” solution (i.e. one that includes writedowns), the IMF, whose well-timed report on the necessity of Greek debt haircuts might well have played a vital role in cementing a victory for the “no” vote on Sunday, is now “ready to help” the Greeks. Here’s Christine Lagarde:
If you said these are all things that current or former IMF heads are or have been accused of, you are 100% correct.
– Spot The Common Theme: Prostitution Scandals, Kickbacks And Money Laundering (ZeroHedge, April 16, 2015):
Ex-IMF chief Dominique Strauss-Kahn (DSK) – who denies charges of pimping – has told a court in northern France that prosecutors had greatly exaggerated the frequency of his “licentious evenings.” In fact, as The BBC reports, DSK explained (with a straight face) that he took part in only a few rare sex parties – “only 12 parties the last 3 years.”
As he took the stand on Tuesday, Mr Strauss-Kahn said: “I committed no crime, no offence.”
“The prosecution gives the impression of unbridled activity,” he told the court. But, he added: “There were only 12 parties in total – that is four per year over three years.”
In 2008, Lagarde decided to allow an arbitration to end a dispute between Bernard Tapie, a businessman and supporter of then President Nicolas Sarkozy, and former state-owned bank Credit Lyonnais. Lagarde, who was put under investigation for “negligence” by the Cour de Justice de la Republique, denied any wrongdoing, saying it was the best option for the state.
– Russia officially joins $50bn China-led infrastructure bank (RT, April 14, 2015):
On Tuesday Russia officially becomes a founder of the China-led Asian Infrastructure Investment Bank (AIIB). It means Russian companies can take part in infrastructure projects in the Asia-Pacific region, and could attract foreign investment into Russia.
Russia applied for membership as a founding member of the AIIB 2 weeks ago, along with another 52 countries. The founding members have the right to establish the rules guiding the bank’s activities. China reportedly had rejected requests from North Korea and Taiwan to join the AIIB. The final list of the bank’s founding members will be announced on April 15.
– Obama Issues Statement On The Death Of Saudi King Abdullah, Praises “Vision”, US-Saudi Relationship (ZeroHedge, Jan 22, 2015):
Just released by the White House:
Statement by the President on the Death of King Abdullah bin Abdulaziz
It is with deep respect that I express my personal condolences and the sympathies of the American people to the family of King Abdullah bin Abdulaziz and to the people of Saudi Arabia.
King Abdullah’s life spanned from before the birth of modern Saudi Arabia through its emergence as a critical force within the global economy and a leader among Arab and Islamic nations. He took bold steps in advancing the Arab Peace Initiative, an endeavor that will outlive him as an enduring contribution to the search for peace in the region. At home, King Abdullah’s vision was dedicated to the education of his people and to greater engagement with the world.
As our countries worked together to confront many challenges, I always valued King Abdullah’s perspective and appreciated our genuine and warm friendship. As a leader, he was always candid and had the courage of his convictions. One of those convictions was his steadfast and passionate belief in the importance of the U.S.-Saudi relationship as a force for stability and security in the Middle East and beyond. The closeness and strength of the partnership between our two countries is part of King Abdullah’s legacy.
May God grant him peace.
And while Obama was impressed by Abdullah’s vision to the “education of his people” he had no comment on the one US “ally” which has beheaded a record number of people in recent years making even ISIS blush by comarpison, as reported in US Ally, Saudi Arabia Beheads 87 In 2014, Up Over 10% From 2013 and also Record Beheadings And The Mass Arrest Of Christians.
American politicians and mainstream media are falling all over themselves praising the late Saudi King Abdullah.
King Abdullah was a man of wisdom & vision. US has lost a friend & Kingdom of #SaudiArabia, Middle East, and world has lost a revered leader
— John Kerry (@JohnKerry) January 23, 2015
— John McCain (@SenJohnMcCain) January 23, 2015
President Obama on the death of King Abdullah bin Abdulaziz. pic.twitter.com/8wXmZp6EGU
— The White House (@WhiteHouse) January 23, 2015
” Wolf Blitzer and Fareed Zakaria are almost as devastated as the sons of the King” http://t.co/8DGKRxnLDC
— Glenn Greenwald (@ggreenwald) January 23, 2015
Other Western leaders are singing from the same hymn sheet.
UK orders flags flown at half-mast for King Abdullah. Will return to lecturing the world about democracy tomorrow https://t.co/cebtl55gem
— Glenn Greenwald (@ggreenwald) January 23, 2015
— Channel 4 News (@Channel4News) January 23, 2015
— BBC Breaking News (@BBCBreaking) January 22, 2015
“He was loved by his people and will be deeply missed.” Tony Blair on the death of King Abdullah. http://t.co/BT9f5DbZpN
— Tony Blair Office (@tonyblairoffice) January 23, 2015