… financial war …

(First my comment: yes, in this article are named personalities like Obama and DSK, but the real important part speaks about financial war … it is people’s main interest to look at  this war … main stream’s mess around DSK is the mouse hiding this mountain).

Published on Voltairenet.org as: Obama, financial war and the elimination of DSK, by Thierry Meyssan, May 28, 2011.
(Original in french: Obama, la guerre financière et l’élimination de DSK, publié dans Voltairenet.org, par Thierry Meyssan, le 26 Mai 2011).

It is impossible to understand the downfall of Dominique Strauss-Khan without linking it to his project for the creation of a new international reserve currency, which was to be launched on 26 May 2011 at the Deauville G-8 summit. The project was paradoxically anticipated as much by the Emerging States as by stateless financial capital, but rejected by the U.S.-Israeli military-industrial complex … // 

… The Zhou project:

  • Why were Hollywood-like means deployed to block the IMF during 10 days? There are two possible answers, and they may be linked.
  • In the first place, on 29 March 2009, the governor of the People’s Bank of China, Zhou Xiaochuan, challenged the predominance of the dollar as reserve currency. Deploring that the objective of economist John Maynard Keynes to create an supranational currency (the Bancor) was not achieved at the end of World War 2, he suggested that the IMF Special Drawing Rights could be used to fulfill this function [9]
  • At the London G20 summit on 2 April 2009, yielding to pressure, the United States agreed to the tripling of IMF resources and to the issuance by that institution of Special Drawing Rights (SDR) for a value of 250 billion dollars. They also acquiesced to the principle of a Financial Stability Council associating the major emerging countries.
  • This idea was debated at the G8 summit at L’Aquila (Italy) on 8 July 2009. Pushing the pin further, Russia submitted that the new world currency should be minted rather than being virtual. Dmitry Medvedev, who had a few sample of coins minted, slapped them on the table. One side displays the faces of the eight Heads of State, whereas the flip side bears the motto “Unity in Diversity” [10].
  • The project was submitted to experts from the United Nations Department of Economic and Social Affairs. Their report, in which Professor Popov of the New Economic School of Moscow took part, was examined on 25 April 2010 by a joint IMF and World Bank meeting [11].
  • This project should have seen the light of day on 26 May 2011 at the G8 summit in Deauville (France). The dollar would thus have met its demise as the reserve currency against the backdrop of an imminent cessation of payments on the part of the U.S. Federal Government. As for Washington, it would have had to give up financing its super-powerful military apparatus through debt and to start concentrating on its domestic restructuring.

The spanner in the works:

  • Unfortunately, in the final months of this process, military and political initiatives disrupted the plan. Countries such as Russia and China were double crossed. DSK’s arrest exposes Washington’s bad faith, and shows that its concessions were a only ploy to gain time.
  • Although the exact details of Dominique Strauss-Khan’s device for the creation of the new currency sustained by IMF Special Drawing Rights remain secret, it would appear that Libya had a key role to play. On an experimental level, the Libyan Central Bank was the first to base its currency, the dinar, on gold and later on SDRs. This aspect is especially important considering that Libya possesses one of the largest sovereign wealth funds in the world, exceeding even that of Russia.
  • By waging war against Libya, France and the United Kingdom generated a theoretical asset freeze targeting not only the Gaddafi family but also the Libyan state. Worse, Paris and London dispatched HSBC bank executives to Benghazi to set up a rebel Libyan central bank and attempt to grab the national assets [12]. Without knowing whether Nicolas Sarkozy and David Cameron got carried away by their own hubris or acted on instructions from their bosses in Washington, the fact remains that the fragile edifice developed by Dominique Strauss-Khan has collapsed.
  • According to our contacts in Tripoli, at the time of his arrest, DSK was headed for Berlin in order to work out a solution with Chancellor Angela Merkel. Afterwards, he and a German envoy were supposed leave to negotiate with Colonel Gaddafi’s representatives, and very possibly with Gaddafi himself considering that his signature was indispensable for unblocking the situation.
  • We are now witnessing a financial war on an unprecedented scale. While the economic situation of the United States is on the brink and the dollar could rapidly turn into monkey currency, the agreement concluded at the G8 and endorsed by the G20, implemented by the IMF in conjunction with the World Bank and the international banking circles, of which DSK was the architect, has been suspended. The hegemony of the dollar remains intact albeit more artificially than ever. The dollar which the emerging states wanted to resize but on which the U.S.-Israeli industrial-military complex rests its power.

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

(full long, long text, some pictures, Notes from 1 – 12).

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