Thursday, May 17, 2012

AND CUE THE IMF?

The FT has today published an article by Charles Goodhart co-authored by Sony Kapoor, MD of Re-Define which calls for the IMF to save the Euro.
Whether or not Greece has to leave the eurozone, and whether or not a growth compact is added to the fiscal treaty, there is likely to be a further call – or calls – on the International Monetary Fund for help with funding firewalls to protect the eurozone from meltdown. The IMF should take this opportunity to be more robust than it has been in the past in dealing with Europe’s problems.

...Historically, the IMF played a crucial role in several developing countries by pushing for urgently needed reforms for which the political will could never have been mobilised from within. This is the role it must play in the eurozone.

An external neutral arbiter such as the IMF can break the logjam. The failure to agree Europe-wide mechanisms for capitalising banks or providing funding guarantees to the banking system made sense for certain member states but was disastrous collectively. The harmful delay in the restructuring of Greek debt and EU leaders’ insistence on self-defeating harsh austerity measures also fall in the same category. The IMF must intervene to save the eurozone from itself.

[source : Only the IMF can break euro logjam, FT, 17/05/2012]

Todays media are almost begging for the Euro to survive, claiming trade will suffer, a depression will occur that will last a thousand years, the skies will fall, total mayhem, cats and dogs living together, end of the world type stuff.

So what does the head of the IMF think about a united Europe with a single currency?

While Greece threatens to tear Europe apart she was in Aachen to praise Wolfgang Schauble who is to be awarded The Charlemagne Prize! This 'most prestigious' award is given to those who have worked tirelessly for total European integration. Lagarde does not sit on the fence in her praise of Schauble or the One Europe ideal.
There is simply no greater advocate for European integration on the stage today than Wolfgang Schäuble. His guiding philosophy is that Europe can only survive and thrive it if binds irrevocably together. As he said himself “nothing is achieved if you cannot convince the people that unity is good”.

...He understands well that Europe must forge ahead with better and deeper integration, to fortify the economic foundations of the union—to make sure it never falls apart.

...Every recipient of the Charlemagne Prize understands something very basic: when the nations come together to address common challenges in a spirit of solidarity, we can attain a virtuous cycle of peace and prosperity, and avoid a vicious cycle of conflict and stagnation.

This is the spirit that guides European integration. The spirit that guides those of us at the IMF and other multilateral institutions. The spirit that animates the life and service of Wolfgang Schäuble.

For Wolfgang Schäuble is a man of great duty, loyalty, nobility, humility. He stands tall today—he stands on the shoulders of giants, and he is also a giant in his own right. He is a true successor of the founders of Europe. A worthy recipient of the Charlemagne prize.

[source : The Legacy of Charlemagne—Wolfgang Schäuble and European Integration, Christine Lagarde, IMF, http://www.imf.org/external/np/speeches/2012/051612.htm, 16/05/2012]

Previous winners of The Charlemagne Prize were either instrumental in creating the Euro dream and have in general been to Bilderberg. Winners include Coudenhove-Kalergi, Adenauer, Schuman, de Gasperi, Monnet, Churchill, Marshall, Kissinger, Kohl, Queen Beatrix of The Netherlands, Delors, Blair, Merkel, Trichet, Clinton. And in typical European fashion the winner in 2002 was...the Euro itself!

Needless to say, Schauble attended Bilderberg, in 2003.

And needless to say, Iceland is not mentioned.

You know Iceland? Who told the bankers where to go, even prosecuting some them, and now with a fully recovered economy after the bankers tried to economically rape them?

Greece should leave Europe and do as Iceland did; prosecute the bankers and go their own way. All members should. They were either tricked by traitors into joining or dragged by their hair by traitors into joining. The whole scheme is a wet dream of the bankers and their masters who created WW1 and WW2. This is what the likes of Lagarde do not mention in their speeches and writings. They are playing on this Euro dream to construct a nightmare of Eurofascism.

All I can say is, if the IMF is indeed asked to save the Euro then it looks like the IMF under Lagarde will quickly sieze the opportunity and impose the IMF's unique brand of loving fascism.

They love you, didn't you know? They love us all. Each and everyone of us. They love us so much that they want 90% of us dead.

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