News & Analysis
Out of Chaos, Order: Now IMF Seeks Collective, World Bail-Out of Europe
IMF wants the world to save Europe ... Christine Lagarde, the managing director of the IMF, said the escalating crisis now needed to be addressed as "collectively as possible" ... The European financial crisis is "escalating" and is so serious that it is unlikely to be solved by eurozone countries alone, the head of the International Monetary Fund warned Thursday night. British taxpayers are now likely to be involved in an internationally co-ordinated bail-out led by the International Monetary Fund [IMF] for countries in the single currency. Christine Lagarde, the managing director of the IMF, said the escalating crisis now needed to be addressed as "collectively as possible". Without action, the world faces the spectre of a 1930s-style depression, she said. – Montreal Gazette/UK Telegraph
Dominant Social Theme: Unshackle the IMF to save the world.
Free-Market Analysis: Right on schedule, the International Monetary Fund's Christine Lagarde has emerged to call for a united, Western effort to salvage the Eurozone and perhaps the euro.
This is entirely predictable in our view and has to do with the larger strategy of the Anglosphere power elite, which is to create a worldwide economic crisis in order to provide the requisite centralizing solution. If one wants to create global governance, a few "eggs" may have to be broken in the process.
Of course, as we've pointed out before, the preference of the powers-that-be would be to keep the EU together and expand it, along with the euro. But the alternative course has its attractions, too, if one is trying to build world government. Out of chaos ... order.
And here comes the IMF. It is no surprise that the International Monetary Fund is raising its profile once again. It was developed after World War II as part of a larger global-government-in-waiting. In fact, the history of the modern age is the history of wars and economic depressions, each leading to greater sociopolitical and economic centralization.
We have come to call this trend "directed history" because not only do the results seem predictable but so do the events leading up to them. It is just as Shakespeare once said: "All the world's a stage, and all the men and women merely players."
Only he didn't mean that history was being organized and directed from the top. But in the 19th and 20th centuries anyway that certainly seems to have been what happened. From the American Civil War on, especially, one can see the centralization of society advance, not only in the US but throughout the West.
Through the twin tools of war and central banking, a power elite located in the City of London with subsidiaries in DC, Tel Aviv and the Vatican has advanced global governance step by step.
It has used dominant social themes in order to frighten Western middle classes into giving up power and wealth to specially created globalist facilities. The most pervasive political tool is the UN, and its funding source is the central banking mechanism. The IMF is a large part of the mechanism as well. Here's some more from the article:
Mrs Lagarde spoke out after other European countries indicated that they were unlikely to back a new treaty designed to shore up the single currency. Hungary and the Czech Republic said they would not agree to any new deal that involved European-wide taxes. David Cameron has already vetoed any British involvement. Yesterday, the head of the IMF described the prospects for the global economy as "quite gloomy".
"There is no economy in the world, whether low-income countries, emerging markets, middle-income countries or super-advanced economies that will be immune to the crisis that we see not only unfolding but escalating," Mrs Lagarde said."If the international community doesn't work together, the risk from an economic point of view is that of retraction, rising protectionism, isolation.
"This is exactly the description of what happened in the Thirties and what followed is not something we are looking forward to." She added: "It is not a crisis that will be resolved by one group of countries taking action. It is going to be hopefully resolved by all countries, all regions, all categories of countries actually taking action."
We can see from this excerpt how direct Lagarde is being. From our point of view, the economic crisis is a manufactured one, but it doesn't matter much. Once a war or economic crisis has been created, the next steps flow logically from what has occurred. The opening is there for the taking.
And she is surely playing her part. She is quoted as comparing the Euro-crisis to the ancients' Gordian Knot and the need for concerted action as Alexander's sword. "[It starts] with those at the centre [and then includes] the support of the international community probably channeled through the IMF."
She is already focused on the channeling as well, explaining that both European and non-European countries will be asked for more money. "What is happening now is that conversations, contacts are taking place between the fund and its membership about the scale and the amount in which this could be brought to a conclusion," according to an IMF spokesperson.
And so it builds. Suddenly the IMF, which the powers-that-be have already designated as a kind of world central bank, is in charge of collection efforts to save the EU. In fact, the EU doesn't need salvaging, nor does the euro. If both foundered and failed, the world would pause for a few moments and then go on.
Conclusion: But without a crisis there can be no further centralization. And without further centralization there can be no world government. And so it goes.
l 
|
You must be a site member to submit suggested edits or post feedback. In addition to submitting edit suggestions and posting feedback, your Free Membership to The Daily Bell gives you access to our Member Zone where you will discover a plethora of other member benefits. Want to learn more? click here |
|||||
|
|
||||
 |
Posted by David_Robertson on 12/19/11 09:55 AM
Aye, but it's all a mirage created by "elastic money" issued by the central banks in the form of DEBT that is now being foreclosed on. If the tale of Joseph is the primary economic myth then the end of it is slavery with Pharaoh owning everything. Is that what you had in mind? Man may have a brain but some men use its functions to create illusions and temptations for the brains of other men in order to enslave them. This may be an evil misuse of a God given faculty but it is an observable fact. How should men think do you think?
How do you think?
 |
Posted by olde reb on 12/17/11 10:57 PM
To embellish the astute comment by Pat Fields, the U.S. monetary expansion is facilitated by a debt issue (a Treasury security to the Fed) whereupon the Fed makes a book-entry credit to the government in the amount of the principal. The transaction requires the United States to pay back the principal plus the interest involved. The interest has never been created. The contract is impossible to complete. The only way to continue is to pay interest on old issues from the principal created from new securities. This is the nature of a Ponzi scheme and inherently devastates the society by accumulating humongous debt upon the people terminating in bankruptcy. The current crisis was not the intent of the cabal that met on Jekyll Island in 1913 to plan the Federal Reserve scheme but it was the inherent resultant.
The critical point that no economist addresses in the above scenario is that the security must be redeemed when it matures. Where does the money come from? Well, the government does not have the money.; it has already been spent. So the government gives the Fed a new security (a roll-over). The Fed sells the security and now who has the money from book-entry creation ? Right, the Fed. The Fed receives and hides every dollar of inflation as profit. That value is received by the FRBNY when it handles the records of Treasury auctions. There are NO public accounting records of the receipts and payments of the auctions. Ref. RIP OFF BY THE FEDERAL RESERVE,
Click to view link
But what does this have to do with the European crisis you may ask.
It is well documented a central bank was repeated sought to be established between 1789 and 1913. Our founding Fathers wrote many words of dire observations of European nations that had similar earlier banking systems that ruined their countries. Benjamin Ginsberg laments in FATAL EMBRACE that financiers of that era had been involved in economic turmoil. Historical records of the Rothschild family controlling European banking for great profit abound. It would be naive to conclude that control does not continue to exist and is centered in the BIS and it is behind the centralizing of banking in the ECB.
The European system is still behind the smoke and mirrors. The ECB wants to issue bonds which will be used to pump new funds (inflation) into the economy. Each nation must approve the devaluation of the currency they already possess. Germany will not approve so the bank is stymied. Who is it that would receive the benefit of the bonds when they mature is completely unstated--but I can guess.
 |
Posted by taxesbyanyothername on 12/17/11 07:32 PM
Ok nithsdale, maybe you remember the depression. However you probably don't remember the '20s. The world, and more particularly "The West" severly contracted economically from '29-'45, years in which we probably would have grown enormously, just as we had been, without the aforementioned planning. Saving money makes much more sense when that money is not loosing it's value, and far easier when governments are not taxing away that very surplus that would otherwise be avalable for saving, and ruining everyone's perspective with the promise of "free" retirement and medical care. Shove your planning, and get out of your own cubicle, and out of my wallet.
|
Posted by nithsdale on 12/17/11 06:01 PM
Whether we like it or not, we live in this world and it is a damned complicated one at that. One thing is sure though... ..Never have so many poeople lived so well in the history of Man! All of you under 60 never had a problem that someone did not help you with. In the old days, that "someone" was family or tribe and the help was very little since few had anything to give to others. In those days, you would have been driven off to fend for yourselves since the societal core could not afford you!
The miracle that transformed our world came out of total Global collapse in World War II and the opportunity to continue "planning" on a global scale, just as the war had been won by planning on a American European scale! With nothing to begin with, it was a bold step. that it succeeded is evident by the way we live now, with everything no one could expect 60 years ago! Everyone today lives like the elitists of old, having foods from all over the world, clothing designed, produced all over the world,furniture, art, music, books, techs from all over the world. How the Hell do you think this came to be? By accident?
Man has a brain. He isn't moved by market forces only... .he thinks and he conserves for it is always a possibility it may not last! The tale of Joseph and the granaries in Egypt is the primary economic tale! He could not accomplish that miracle ithout planning... .conspiracy you call it. Wake up and smell the flowers. Get out of your mental cubicles amd start thinking like men should. What is this victimization you are peddling?
 |
Posted by William3 on 12/17/11 01:06 PM
It's interesting to speculate what the PE expect to happen now. They know, in spite of the IMF warning, Western citizens are not likely to support more government spending outside their own countries to save the EU. So it seems they have spelled out the alternative very well. We should prepare for a severe depression.
 |
Posted by Agent Weebley on 12/17/11 08:47 AM
Hi DB,
Wanna meet Georg Wilhelm Friedrich Hegel?
Click to view link
Reply from The Daily Bell
Sorry. We looked but did not see.
 |
Posted by Jones on 12/17/11 03:47 AM
"Problem, Reaction, Solution... "
The problem: who or what is causing it...
|
Posted by bob on 12/17/11 01:13 AM
The "Anglosphere" power elite did not purposely manufacture the present global crisis. This is nonsense to think so.
Like with the "Arab Spring", the Anglosphere power elite did not create the crises, but instead, it is trying to "manage" and take advantage of the Arab Spring.
To expect that poor and hungry Chinese, Vietnamese, Brazilians, Russians, etc., will bail out Zionist "Anglosphere" power elite is just crazy. Regardless of what they do, it is the time for their departure. Nobody lives forever. Now, it is their time to die. Yes, they are terribly scared of a coming Big Depression II and a WWIII but they can do nothing about it.
After the "Arab Spring", we see a beginning of a "Russian Spring". Then, it will be an "American Spring". So far, these "Springs" were peaceful, but again, it will also change very soon.
Reply from The Daily Bell
What is it, Bob ... you don't read? US state-sponsored "youth" organizations like AYM have been reported on throughout the Internet for nearly a year now. Each one of these "springtime" events has apparently been either initiated or cultivated by Western elites. Occupy Wall Street is similarly controlled. We do agree with you, however, that was has been controlled thus far may not be in the future. The history of the Gutenberg Press shows us this ...
|
Posted by oldman67 on 12/17/11 01:11 AM
It is fortunate for our government that millions of American citizens chose to remain ignorant.
|
Posted by nithsdale on 12/16/11 06:25 PM
Mme Lagarde is in the company of distinguished foreign dignitaries who try to focus the world on the pressing problem facing us all... ..how do we support the currencies with which we transact all business, including daily needs, for all who use them? You use them too, if not from your wallet, your credit cards.
The US dollar has dominated the world since WWII because every other country but ours was destroyed by that conflict. people had to go on living! They did. They used old currencies, barter, paper promises to pay to get what they needed. I was in Europe in 1949 and saw it in action. It was extraordinary.
In Asia it was even worse. The colonial governments were not replaced but their old currencies still circulated doing the job of day to day purchases. It was amazing how people lived by exopectation that someone would put it right,despite the disintegration of authority and power. Life went on with that hope!
In time,new governments came,new currencies too, but the old served a transitional purpose.
You young economists talk too much book talk. I suggest you go out and live in societies that are in transition and you will learn what has been withheld from you by your myopic lenses.
Mme Legarde is not orchestrating a take over. She is easing a transition. What that will be is not being concocted in secret... it is out in the open.
We live in a global trading society and we must update the global transference of what is due to those who provide what we want, order and pay for since they must pay their workers, their suppliers to continue! This is the problem facing our world. The supply continued for 7 bllion people! Put your clever mind s to that and then make your complaints.
Reply from The Daily Bell
Mme Legarde is not orchestrating a take over. She is easing a transition.
Thank goodness for her foresight!
|
Posted by EdwardUlyssesCate on 12/16/11 05:52 PM
Let's not forget The Committee To Save the World
Click to view link
Same circus, new clowns. All Goldman-Sachs alumni.
"The European financial crisis is "escalating" and is so serious that it is unlikely to be solved by eurozone countries alone, the head of the International Monetary Fund warned Thursday night."
The IMF will want collateral for its loans. When the loans cannot be paid back, and will not be paid back, they will "own the earth in fee-simple."
All from the special-privilege to create money from nothing.
|
Posted by BASILOVECCHIO on 12/16/11 04:21 PM
SIMPLE QUESTIONS COULD LEAD TO PROFOUND ANSWERS (?)
PLEASE,
PLEASE,
read a part of the solution.
"Hi, here is my latest article, posted on Global Research -
The Way to Occupy a Bank is to Own One
Click to view link
Best wishes,
Ellen Brown
Click to view link
Click to view link
Click to view link
JUSTALUCKYFOOL believes that it must be a national bank,thereby accepts this writing as a help to understand that such a solution is possible and possible Supreme Court approval.
"AMEND THE FEDERAL RESERVE CHARTER AND A NEW INCOME TAX,0% FOR ALL INDIVIDUALS and OF COURSE NO FICA"
We are approaching an opportunity to shake the devil from our lives.
Use the MOST POWERFUL FORCE IN THE UNIVERSE to help form a more perfect union,promote the general welfarand move on to an era of prosperity.
Click to view link
 |
Posted by Pat Fields on 12/16/11 04:20 PM
As I'd attempted to explain numerous times here; since the late 1960s, when silver was finally withdrawn from circulation, as all banknote currency is principal, loaned into existence at interest; without a pari passu commodity money to (temporarily) alleviate erosion of money float, there is now no other source for creation of currency to account for interest, but further borrowing of banknotes as principal at interest. This condition is one of systemically infinite inflation fed by complex compounding interest that proceeds to an exponential expansion, surpassing all capacity of (the world's) excess productive capacity to offset and onto consunsumption demand as well. I've surmised that when the scheme was hatched, it was believed that the rate of inflation could be suppressed by centralized control of interest rates (hense, central banking), but as we're witnessing, the supposition went horribly awry. It's my increasing belief that this scheme was conceived to cancel the effect of Population Demand Factor increasing the proportional worth of specie money over time, thus commensurately 'reducing' the price power of goods. As government has always been dependent upon excise on commerce, it seemed to be a 'solution' to everyone's satisfaction and no one's detriment. However 'innocent' it's origins, the 'criminal' defense of it at this point is plain stupid. The scheme has proven itself (starting with the Japanese long ago) to be self-destructive and it's inevitable doom can't be avoided through the usual bandages prescribed by 'classical economics'. Universal virtual 'money' is an entirely separate paradigm that only resembles a specie system and to treat it as indistinguishable, is knee-jerk, presumptive folly.
 |
Posted by Mountainview on 12/16/11 03:35 PM
As ECB can't hand out at discretion, welcome everybody on the IMF bailout-act. Only risk but no benefit for you (US,UK,China). In finance we call this an asymmetrical trade.
|
Posted by victorbarney on 12/16/11 02:22 PM
I'm predicting a coming "cashless society" for both Europe and America and now I don't think that I can even leave out Kenya? Just saying...
|
Posted by earnst on 12/16/11 02:19 PM
Indeed; the world would pause for a few moments and then go on. What about bailing out Africa and some of the island nations that are disappearing? In a hive the drones are left to die or even killed.
 |
Posted by Abu Aardvark on 12/16/11 12:45 PM
Time for "OWS News":
"It's Time to 'Occupy the Dream:' African-American Faith Community Joins Forces with Occupy Wall Street - First Day of Action on MLK Day, Jan 16 at Federal Reserve Banks"
Click to view link
|
Posted by steveg on 12/16/11 12:33 PM
I believe it is all planned. The moneychangers need to create chaos to get control. Then the people will gladly give up their national sovereignty to be "safe" and "saved" within the New World Order. Political treason abounds. See links below.
Click to view link
Click to view link
Click to view link
|
Posted by vivek on 12/16/11 11:27 AM
I said this earlier somewhere, the spectacle is pretty darn sad.
Once proud sovereign nations, bent at the knee in front of their money masters, pledging their lands and people in a desperate bid to keep the lie and their tenuous hold on Power alive for another day or week.
We are going to see this accelerate like crazy going out, ne? it's like awesome Documentary Life and Debt, the Story of Jamaica and the IMF. A must watch.
But yes, definitely feels like the noose is getting worse, or is that the news getting tighter?
Click to view link
 |
Posted by Don from the Republic of Lakotah on 12/16/11 10:59 AM
One more thought. Perhaps Money Power already psychologically accepted the notion a step back and now privately squabbles over return of assets. Deciding which PE clique gets stuck holding the bag to pay for the step back.
Reply from The Daily Bell
Is very possible. Failure leads to squabbles even more than success.
|
|
