Thursday, December 8, 2011

Was Dominique Strauss-Kahn Trying to Torpedo the Dollar?

This article was written back in May, but I find it to be a plausible explanation which ties together just a few loose ends....if you mess with the dollar, they mess with you, just like they did with Strauss Kahn, Saddam, and Gadaffi...It also might explain why the gruesome death of Gadaffi was televised so blatantly all over the world: as a message to anyone who threatens to rock the 'U.S. Dollar boat', this is what you get.

From Global Research.

...So, Strauss-Kahn finds himself in the same crowd as Saddam Hussein and Libyan leader Muammar Gaddafi, right? You may recall that Saddam switched from dollars to euros about a year before the war. 12 months later Iraq was invaded, Saddam was hanged, and the dollar was restored to power. Gaddafi made a similar mistake when "he initiated a movement to refuse the dollar and the euro, and called on Arab and African nations to use a new currency instead, the gold dinar." ("Libya: All About Oil, or All About Central Banking?" Ellen Brown, Op-Ed News) Libya has since come under attack by US and NATO forces which have armed a motley group of dissidents, malcontents and terrorists to depose Gaddafi and reimpose dollar hegemony.

And now it's Strauss-Kahn's turn to get torn to shreds. And for good reason. After all, DSK actually poses a much greater threat to the dollar than either Saddam or Gaddafi because he's in the perfect position to shape policy and to persuade foreign heads of state that replacing the dollar is in their best interests. And that is precisely what he was doing; badmouthing the buck. Only he was too dense to figure out that the dollar is the US Mafia's mealticket, the main way that shifty banksters and corporate scalawags extort tribute from the poorest people on earth. Strauss-Kahn was rocking the boat, and now he's going to pay...


But that's not we learn from the next article by Thierry Meysan

First of all on March 29, 2009, the governor of the Chinese Central bank, Zhou Xiaochuan, called into question the domination of the dollar as international reserve currency. Deploring the fact that economist John Maynard Keynes' project to create an international currency (Bancor) was not carried out at the end of the Second World War, he proposed using the the IMF's Special Drawing Rights (SDR) to play this part [10].

Yielding to the pressure, the United States accepts a tripling of IMF resources and the emission by the IMF of Special Drawing Rights of a value of 250 billion dollars at the time of the G20 summit in London on April 2, 2009. They also accept the principle of a Financial Stability Council with which the biggest emerging nations will be associated.

The idea is discussed at the G8 summit at Aquila (Italy) on July 8, 2009. Pushing the pawn further still, Russia showed itself unsatisfied with a virtual world currency and actually minted one. Dmitry Medevedev, who had had some symbolic prototypes of this currency struck, placed some coins on the table. One side showed the eight heads of state while the other read "Unity in Diversity," in English[11].

The project is submitted to the experts of the UN's Division of Economic and Social Affairs. Their report, in which professor Vladimir Popov of Moscow's New Economic School takes part, is studied at a meeting of the IMF and the World Bank on April 25, 2010 [12].

The process was to finish today, May 26, 2011, at the G8 summit in Deauville (France). The dollar would have ceased being the currency of reference due to the imminent suspension of payments by the federal government of the United States. Washington would have to have given up financing its military hyper-power with debt to instead devote itself to internal reorganization.

The Libyan dinar, first (and last?) currency in the world guaranteed by gold and IMF Special Drawing Rights. In 2000, Colonel Kadhafi talked of creating a Panafrican currency based on gold but never managed to advance the idea. In 2009 he unilaterally adopted the Zhou project for his country.

The grain of sand

Unfortunately, in the last months of this process, military and political initiatives upset this plan. Certain states - of which Russia and China - were swindled. The arrest of DSK shows that Washington was insincere and that its concessions were only aimed at saving time.

Although the exact details of the mechanics imagined by Dominique Strauss-Kahn to create this new reserve currency backed by IMF Special Drawing Rights is secret, it appears that Libya played a key role there: it was the Libyan Central bank which first decided to base its currency, the dinar, on gold and the SDRs, on an experimental basis. The thing is all the more important as Libya has among the most well endowed sovereign funds in the world (even a little richer than Russia's).

In waging war on Libya, France and the United Kingdom caused a theoretical freezing of assets not only of the Kadhafi family, but also of the Libyan state. Worse, Paris and London dispatched executives of the HSBC bank to Benghazi to create a rebel Libyan Central bank and to try to seize the country's national assets [13]. Without knowing whether Nicolas Sarkozy and David Cameron let themselves be carried away with their power or acted on instructions from Washington, the fragile edifice worked out by Dominique Strauss-Kahn has crumbled.

According to our contacts in Tripoli, at the time of his arrest, DSK was on his way to Berlin to find a solution with the chancellor Angela Merkel. He was then due to leave with an emissary of Mrs. Merkel's to negotiate with representatives of Colonel Kadhafi - even with him directly - the Libyan leader's signature being essential to the unblocking of the situation.

We are watching unfold a financial war of unprecedented scale; whereas the economic situation of the United States is unstable and the dollar could quickly become a worthless currency, the agreement concluded at the G8 and endorsed by the G20, implemented by the IMF in coordination with the World Bank and the international banking milieu whose champion was DSK, is now suspended. The domination of the dollar is intact though more than ever artificial; this dollar that the emerging nations wanted to marginalize, but upon which the US-Israeli military-industrial complex bases its power.

In that context, what is one man's honor worth ?

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