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| Disgraced former IMF chief Dominique Strauss-Kahn was arrested for attacking a maid at a New York hotel. Strauss-Kahn resigned from his top position at the IMF and said in a statement that he needed “all my strength, all my time, and all my energy to [prove] my innocence.” |
By Victor Thorn
Could the high-profile arrest of International
Monetary Fund director Dominique Strauss-
Kahn (DSK) on sexual assault charges in
New York City be part of a struggle between
banking cartels at the highest levels?
To contextualize this affair, many theorists depict the
NewWorld Order in vague, monolithic terms. However,
the elites are sometimes prone to power struggles
between various factions that are constantly vying for a
larger slice of the pie. So, rather than being totally infallible
andmonolithic, these conflicting campsmay not be
above “eating their own” when circumstances provide
no other option.
On May 15, DSK may have become the latest casualty
in this game of financial hardball, possibly targeted
by rivals that have trillions to lose.
DSK may well have raped the 32-year-old Guinean
woman who leveled an array of accusations against him.
Other women have also emerged with allegations that
DSK forced them into performing sexual acts against
their will.
Or could the woman in question be a siren, who was
used to capitalize on DSK’s reputation as a lecherous
philanderer?
Curiously, one of French President Nicolas Sarkozy’s
supporters, Jonathan Pinet, tweeted news of the arrest
before the NewYork Police Department even announced
it. DSK intended to run against—and polls show he
probably would have defeated—the increasingly unpopular
Sarkozy in next year’s election.
Stranger yet, two weeks prior to this incident at New
York City’s $3,000 per night Sofitel Hotel, DSK, as
reported in London’s Telegraph, predicted in anApril 28
interview with Libération magazine that his obsession
with women might be a vulnerable spot for his opponents
to exploit.
The Telegraph noted, “Conspiracy theories abounded
in France . . . following the publication of a curiously
premonitory interview in Libération newspaper. In the
then off-the-record discussion . . . the [IMF] chief said
he could imagine a scenario where he was framed for a
rape he did not commit.”
Did Sarkozy conspire with forces interested in matters
far beyond mere national politics? DSK—mirroring
the aims of billionaire globetrotter George Soros—
sought to replace the U.S. dollar as the world’s reserve
currency with a de facto IMF-UN financial tool commonly
known as special drawing rights (SDRs).
To show his resolve, DSK pulled the trigger on Feb.
10 via an IMF report that specifically mentioned the
introduction of this supranational one-world currency
that challenged the dollar’s dominance. CNN’s website
reported the matter, as did other sources.
Back in January, DSK appeared on BBC Radio to
speak of his plans for a global central bank. He boasted,
“Never in the past has an institution like the IMF been
as necessary as it has been today. . . . Now is the time to
do it, and I think we’re ready to do it.”
On April 9, as reported by AFP, Soros hoped for the
emergence of a new monetary model at New
Hampshire’s BrettonWoods II conference.
Essentially, DSK planned on burying not only the
dollar, but also the euro, replacing them with a new basket
of currencies that included China’s renminbi.
Did DSK place himself at the center of a global currency
war? Possibly, for the UN is already releasing
coins called “unos,” while the IMF’s SDR bonds would
compete directly with U.S. treasuries.
DSK also suggested what would be a mortal deathblow
to America—pricing oil in SDRs rather than dollars Of course, since virtually every nation in the world
must stockpile U.S. currency to buy oil, our nation’s
spending is effectively subsidized on a global scale. If
this system was derailed, the U.S. could no longer keep
spending beyond its means (i.e., a $14 trillion-plus
debt). Undoubtedly, most citizens’ standard of living
would dramatically plummet.
America’s survival is at stake, for if the dollar tanks,
the U.S. will crumble. China, ready to exploit such an
economic crisis, seeks to use its political capital in order
to attain greater clout on the international stage. In 2009,
Zhou Xiaochuan, governor of China’s central bank,
approved of IMF plans to replace the dollar with SDRs.
The EU also faced dangers in that DSK harbors a
close friendship with Greek Prime Minister George
Papandreou. In this capacity, DSK facilitated the disastrous
bailouts that are undermining the EU’s survival.
Further, if DSK defeated Sarkozy in next year’s election,
international bankers would have an inexorable grip on
France’s political hierarchy.
DSK, in league with Soros’s European Central
Bankers (ECB), has failed miserably in managing IMF
bailouts. His downfall, therefore, is immensely advantageous
to those who benefit from a currency system
dominated by the dollar.
One of these men, Treasury Secretary Timothy
Geithner, went on the offensive by characterizing DSK
as “obviously not in a position to run the IMF.” Then,
within hours, John Lipsky, former vice chairman and
chief economist at JPMorgan Investment Bank, filled
DSK’s seat as IMF director. Notably, Lipsky—a Council
on Foreign Relations member—is pro-dollar and proeuro
while less supportive of SDRs.
Overall, DSK’s political demise means that his stranglehold
over the IMF has been weakened and the other
financial officials noted here can advance their agendas,
all the while greatly enhancing Sarkozy’s odds of reelection
in 2012. _
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