IMF

In Part 1 of this series, I examined the history and early evolution of the annual meeting that takes place among world bankers and financial and monetary officials at the International Monetary Conference. Part 2 looked at the role of the IMC in the lead-up to the 1980s debt crisis.

The industry still prizes short-term profit over long-term prudence, today’s bonus over tomorrow’s relationship.
— Christine Lagarde, IMF Chief, May 27, 2014

Only when Mark Carney, Christine Lagarde and Prince Charles start talking about the abolition of privately created debt-based money should we even begin to take them seriously. Of course such an affront to the obscenely wealthy would have seen even Prince Charles ejected from the Mansion House soiree.
The post “The dogs bark, but the caravan passes on.” appeared first on BSNEWS.

The American Condolleezza Rice, 60, Iraq War architect, and the French Christine Lagarde, 58, International Monetary Fund managing director, have little in common beyond being women of power who have contributed to the misery of millions of people they never cared to meet. And now they have another quality in common, cowardice under fire, albeit only verbal fire after they were invited to speak at college commencements.
Rutgers University invited Rice to speak (for $35,000 and an honorary degree) and Smith College invited Lagarde (compensation undisclosed).

NewWorldNextWeek.com: Episode194 - Belgium Buyer, Royal Nazi, GMO Ban Welcome to New World Next Week - the video series from Corbett Report and Media Monarchy that covers some of the most important developments in open source intelligence news.

An "outraged" Dominique Strauss-Kahn, aka DSK, is going to sue the producers of Welcome to New York, the movie inspired by the epic 2011 scandal that effectively terminated his career as head of the International Monetary Fund and possible future president of France.
The post Sex, lies and a bunch of lawyers appeared first on BSNEWS.

In the first part of this Global Power Project series, I examined the origins and early evolution of the International Monetary Conference, an annual meeting (to be held June 1-3 in Munich) of several hundred of the world’s most influential bankers who gather in secrecy with the finance ministers, regulators and central bankers o

What would you expect from powerful people, personal courage?
The American Condoleezza Rice, 60, Iraq War architect, and the French Christine Lagarde, 58, International Monetary Fund managing director, have little in common beyond being women of power who have contributed to the misery of millions of people they never cared to meet. And now they have another quality in common, cowardice under fire, albeit only verbal fire after they were invited to speak at college commencements.

Last week, in Part 1 of the Global Power Project’s investigations into the machinery behind the International Monetary Conference, I examined the history and evolution of the IMC from its founding by the American Bankers Association in 1954 to the global financial and monetary disruptions of the late 1970s.

Thomas Piketty’s book Capitalism in the Twenty First Century is all the rage, notably for its 700-page rationale of a very simple formulation: r >g. In this formula, “r” stands for return on capital and “g” stands for general economic growth.