Was Arrest of Top IMF Bankster Part of Planned Sting Operation?
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 New World 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 and monolithic, these conflicting camps may 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 New York 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 an April 28 interview with Liberation 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 Liberation 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 IMFUN 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 Bretton Woods 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 prodollar and pro-euro 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.
Victor Thorn is a hard-hitting researcher, journalist and the author of many books on 9-11 and the New World Order. These include 9-11 Evil: The Israeli Role in 9-11 and Phantom Flight 93.
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(Issue # 23, June 6, 2011)