DSK and the Greek Debt Crisis: ECB Profits and Regime Change at the IMF

by Scott Creighton

A week ago last Sunday, Dominique Strauss-Kahn, the IMF’s managing director, was on his way to Germany to meet with German chancellor Angela Merkel to discuss the conditions of a new bailout for debt ravaged Greece. After having lunch with his daughter in a New York city restaurant, Strauss-Kahn went to the airport for his scheduled flight.  After boarding the flight, he was taken off the plane by law enforcement officers and arrested for allegedly attempting to rape a hotel maid.  Though his highly public position as managing director of the IMF made him a very low risk of flight, bail was denied Strauss-Kahn and he was kept in conditions that are unusual for people being held prior to trial… people who have yet to be convicted of anything. On Thursday, after he had officially resigned from the IMF (how does one do that when they are on suicide watch at Riker’s Island and are being kept from using the phone?), Dominique Strauss-Kahn was granted bail.

Today they announced that there will be no soft restructuring of the Greek debt which would have cost the global bankers and hurt the standing of the Euro. This is why Dominique Strauss-Kahn was set up and why they implemented a coup at the IMF.

Three weeks before this happened, in an interview with a French newspaper, Dominique Strauss-Kahn predicted that he might be set-up in a sting operation.

“In an April 28 interview with the French daily newspaper Liberation, he imagined “a woman who would be raped in a parking lot and who would then be promised 500,000 or a million euros to invent such a story,” the paper reported in an article published Monday.” CNN

Both the conservative and the fake “liberal” press have done everything they could at this point to convict Dominique Strauss-Kahn in the court of public opinion, most notably the fake liberal, Jon Stewart, who’s brother is  a Managing Director and Chief Operating Officer, Americas Equities of the UBS Investment Bank.

Dominique Strauss-Kahn had been attempting to take the IMF in a new, gentler direction. It’s highly unlikely that he would have been pushing for the more stringent resolution to this crisis that the European Central Bank was on record for having wanted. More likely, Strauss-Kahn was probably talking with Merkel about a “soft restructuring” of the Greek debt. That is how most analysts thought this situation would be resolved given Strauss-Kahn’s outwardly public stand on such matters.

The Greek people are already paying the price for the globalist financial institution’s successful demolition of the global economy. The austerity measures in Greece have been in place for about a year now, employment is down, Greek assets are on the auction block ready to be privatized by international conglomerates, pensions are being raided, prices are rising.  The bitter medicine of the globalist’s treasured and highly profitable Shock Doctrine is well underway as Greece is neoliberalized like countless nations have been before it, all under the pretext of the dreaded “Debt Monster”. A monster created by the same banks now looking to profit from it’s creation.

Today it was announced that there will be no soft-restructuring of the Greek debt. The people of Greece will have to suck it up and suffer for the profit margins of the global elites.

“Greece must avoid debt restructuring and push on with budget cuts and privatisations to overcome its debt crisis, the country’s Prime Minister George Papandreou and senior ECB officials said on Saturday…

Greece is considering deeper cuts in public sector wages and further tax increases on a range of products and professions to qualify for more aid, Greek newspapers said on Saturday.

The plan may include scrapping bonuses to civil servants and employees in state-run companies, newspapers Ta Nea and Isotimia reported, without citing any sources…

“Henceforth, the European Union will escort Greece’s privatisation programme as if we were conducting it ourselves,” he said.” Reuters

The European Union (EU) is simply a contrivance of the European Central Bank (ECB). It is the ECB who actually wields the power. The EU is an unelected body of globalist yes-men who do the bidding of their banking counter-parts from the ECB.

It’s interesting to note that the ECB is a privately owned central bank system, much like our own, which was set up in 1998, just before the Clinton administration and the likes of Larry Summers and Robert Rubin repealed the Glass-Steagall Act which allowed for the global financial collapse that we are living in today. What a coincidence. It’s almost as if the globalist saw an opportunity to create an entire European system of economic hitmen just before the regulations were stripped away which would keep the economic weapons of mass destruction (credit default swaps, collateralized debt obligations) from doing exactly what they did.

It’s also important to note that the ECB, since it is a supra-national financial institution, it’s set up like a corporation with stock holders and owners but it is not subject to European laws which control other corporations. In a sense, it is by design, an unregulated body of privately owned national central banks which will be dividing up the assets of the Greek people and profiting off those sales at phenomenal rates while the people of Greece continue to suffer and expect to suffer even more.

“Although the ECB is governed by European law directly and thus not by corporate law applying to private law companies, its set-up resembles that of a corporation in the sense that the ECB has shareholders and stock capital. Its capital is five billion euros^[20] which is held by the national central banks of the Member States as shareholders.”  Wikipedia

When this fire sale of a privatization plan takes place, billions of Euros will be made in pure profits alone. Later, since there is going to be no soft-restructuring of the Greek debt taking place, Greece will default and at that time things that are “off the table” now like the wholesale ownership of Greek utilities and their historic national monuments, will suddenly be up for grabs. The people of Greece who are already being forced to pay for the greed of these same bankers, will have to offer up even more in tribute to the new masters of the universe.

A soft restructuring plan would have averted most of that.

Yes, Dominique Strauss-Kahn was set-up and yes the immediate threat the globalists were responding to was the Greek debt “crisis”.

His family should consider themselves lucky that they didn’t just kill him, but I guess once they heard what he intended to do, they didn’t have time to put together anything other than using the corrupt US justice system as the implement of immediate regime change at the IMF. I suppose the passengers on that flight should consider themselves lucky as well as that was probably option “B”. It could always be blamed on Iran.

The people of Greece have recently been protesting the austerity measures as are many others all over Europe and the rest of the world. They are protesting in France and Spain as well. But the bankers don’t care. As Chomsky recently puts it “The U.S. and Its Allies Will Do Anything to Prevent Democracy in the Arab World” and the same holds true for Europe as well. The idea of self-determination makes these criminals sick to their stomachs and with good reason; because in an open and transparent democracy, they can’t steal with impunity.

The people of France should be especially angry. Not only are the austerity measures wrecking the lives of millions of French citizens but their upcoming election has been hijacked and their leading candidate to replace globalist Sarkozy has been framed, probably by one of Sarkozy’s relatives at the CIA.

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