Speaking to Triple Crown Charlie (CFR and Trilateral Commission member and Bilderberg attendee) Rose on December 16, 2010, IMF Director Dominique Strauss-Kahn ran cover for failed Euro and IMF interventionist policies.
“I’m a big advocate of the single currency,“
Greater economic integration often leads to greater political integration, as demonstrated by the progression in Europe from the European Coal and Steel Community to the European Economic Community to the European Union and then the Euro.
“and it provides a lot of results.“
Yes, like the 110 billion Euro Greek bailout and the 85 billion Euro Irish bailout.
“CHARLIE ROSE: Can you have austerity and growth at the same time?
DOMINIQUE STRAUSS-KAHN: Well, I would answer no.“
He’s obviously unaware of or deliberately omitting that the U.S. had unprecedented economic growth from 1945-1950, in the face of federal budget cuts of over 50%.
“But the problem in the banking sector is limited to small number of banks. The big banks are safe and so I think it’s manageable.“
Safe like three of the five biggest investment banks in the U.S., one of which went bankrupt (Lehman Brothers) and two others which collapsed (Bear Stearns and Merrill Lynch) and were bought up at a fraction of their 52-week highs by the biggest commercial banks? Or safe like the biggest commercial banks that were bailed out by the federal government’s $700 billion Troubled Asset Relief Plan and the Federal Reserve’s $3.3 trillion bailout fund they fought so hard to keep secret?
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“I’m a big advocate of the single currency,“
Greater economic integration often leads to greater political integration, as demonstrated by the progression in Europe from the European Coal and Steel Community to the European Economic Community to the European Union and then the Euro.
“and it provides a lot of results.“
Yes, like the 110 billion Euro Greek bailout and the 85 billion Euro Irish bailout.
“CHARLIE ROSE: Can you have austerity and growth at the same time?
DOMINIQUE STRAUSS-KAHN: Well, I would answer no.“
He’s obviously unaware of or deliberately omitting that the U.S. had unprecedented economic growth from 1945-1950, in the face of federal budget cuts of over 50%.
“But the problem in the banking sector is limited to small number of banks. The big banks are safe and so I think it’s manageable.“
Safe like three of the five biggest investment banks in the U.S., one of which went bankrupt (Lehman Brothers) and two others which collapsed (Bear Stearns and Merrill Lynch) and were bought up at a fraction of their 52-week highs by the biggest commercial banks? Or safe like the biggest commercial banks that were bailed out by the federal government’s $700 billion Troubled Asset Relief Plan and the Federal Reserve’s $3.3 trillion bailout fund they fought so hard to keep secret?
It's not true. There is another solution. Max Keiser offered it long time ago. It is called guillotine.
ReplyDeleteYOU GOT IT, OLD WISE ONE!!! "OFF WITH THEIR HEADS!"
ReplyDeleteYEP, THE ANSWER IS...LET THE BANKS FAIL!!!
ReplyDeleteForget Austerity.... OFF WITH THEIR HEADS!!!
Oh and just as the people are saying that there's another big war brewing in the Horizon, just like Gerald Celente said.
The clowns are obvious!