IMF Chief Lagarde Wails That EU Economy/Banking ‘Out Of Control’!!!


MILKING THE GLOBAL FINANCIAL COWS | Culture of Life News 2008 cartoon.


This has zero news front page coverage in the USA  but has begun to make some big headlines in Europe:  IMF admits disastrous love affair with the euro and apologises for the immolation of Greece and it is all about the  Bilderberg gang’s massive historic screw-ups which is due entirely to everything being done secretly with zero public debate but tons and tons of propaganda as Bilderberg gang is made up of politicians, rich people, royals and media owners.  All conspiring to force things upon the People.


From 2008.


Here is what the IMF says about itself and how it is run:


At root was a failure to grasp the elemental point that currency unions with no treasury or political union to back them up are inherently vulnerable to debt crises. States facing a shock no longer have sovereign tools to defend themselves. Devaluation risk is switched into bankruptcy risk.


HAHAHA.  They knew this from day one!  They deliberately ignored warnings from real economists who understood the dangers of creating the euro. The euro shot up in value for a while which meant it was ‘strong’ but then it was ‘too strong’ for free trade deals so…the story is tedious.


Controlling the economies of many nations, the conspirators who created the euro are all Bilderberg gangsters and Trilateral Commission czars and are milking the system to make themselves filthy rich so they didn’t care if the systems they set up were highly destructive since making themselves very rich was the entire point to the exercise.


Thus, the need for secrecy!


It describes a “culture of complacency”, prone to “superficial and mechanistic” analysis, and traces a shocking breakdown in the governance of the IMF, leaving it unclear who is ultimately in charge of this extremely powerful organisation.


OK: this British news article runs off the rails nearly immediately, publishing a total and to me, obvious lie.  ‘Unclear who is in charge’???? HAHAHA.  Well, unclear to US all who is ‘in charge’, and deliberately so.  One would imagine this story would then explain how this was possible.


The report by the IMF’s Independent Evaluation Office (IEO) goes above the head of the managing director, Christine Lagarde. It answers solely to the board of executive directors, and those from Asia and Latin America are clearly incensed at the way European Union insiders used the fund to rescue their own rich currency union and banking system.


This is the IMF investigating ITSELF.  HAHAHA.  Can’t figure out ‘who is in charge’ of course because if the authors of this investigation were to reveal this secret information they would have an unfortunate accident or be found ‘committing suicide’ so of course, they can’t possibly fathom who created this mess in the first place.


The three main bailouts for Greece, Portugal and Ireland were unprecedented in scale and character. The trio were each allowed to borrow over 2,000pc of their allocated quota – more than three times the normal limit – and accounted for 80pc of all lending by the fund between 2011 and 2014.


Oops, said these mysterious and unknown and unknowable authors of the mess.  ‘Was ist los?’ asked the German.  Who could have guessed that handing over a banking system to former communists and Germans born after Hitler, would lead to economic banking chaos?

The report said the whole approach to the eurozone was characterised by “groupthink” and intellectual capture. They had no fall-back plans on how to tackle a systemic crisis in the eurozone – or how to deal with the politics of a multinational currency union – because they had ruled out any possibility that it could happen…


No, it was not ‘groupthink’ it was a CONSPIRACY hatched by people who wanted to control entire populations and print money for themselves.  Note where all this ‘money’ ended up.


“Before the launch of the euro, the IMF’s public statements tended to emphasise the advantages of the common currency,” it said. Some staff members warned that the design of the euro was fundamentally flawed but they were overruled.


I lived in Germany once upon a time and gave speeches there about international politics which is why I was arrested and deported.  Ahem…Germans were very  happy with the deutschemark.  They liked their money, it was being carefully groomed because they remembered the 1920s and post-WWII horrors.  France wanted the euro badly to piggyback on Germany’s rising industry and financial power way back in the late 1960s.


In an astonishing admission, the report said its own investigators were unable to obtain key records or penetrate the activities of secretive “ad-hoc task forces”. Mrs Lagarde herself is not accused of obstruction.


Damn!  The Bilderberg gang wanted a ‘report’ but then flipped out and forbade any information to the investigators!!!  HAHAHA.  I swear, this is a conspiracy to make us all die laughing.  Then to top it off, Mrs. Legarde was declared NOT RESPONSIBLE for this stonewalling.  Only, she is a 100% Bilderberg gangster, herself.  Duh.


“Many documents were prepared outside the regular established channels; written documentation on some sensitive matters could not be located. The IEO in some instances has not been able to determine who made certain decisions or what information was available, nor has it been able to assess the relative roles of management and staff,” it said.


And…the result of all this is…NOTHING.  Since even this news article today in Britain is attacking the Bilderberg gang who made this mess in the first place, even now, the writer can’t type in the magic words, ‘Bilderberg Gang’ and then explain to the public who these assholes are and what they intend to do and why they are doing it!


The euro crisis no one is talking about: France is in free fall – Fortune Magazine wrote just 3 years ago.  France’s staggering debt levels are far more worrying than ours …is another British story from last year…France’s Economic Deterioration Confirms That The Euro Currency Is A Failing Experiment is from last spring…France and Italy could be the next European economies to crash …from last month.


France Economy – GDP, Inflation, CPI and Interest Rate


France Economic Outlook
July 26, 2016

Following months of strikes against a controversial labor reform bill, the Socialist government passed the law using special constitutional powers to bypass both houses of parliament. The bill, staunchly opposed by labor unions and some members of the governing party, aims to liberalize the highly-rigid labor market. The bill makes it easier to lengthen working hours, reduce severance pay and weaken the unions’ power. Meanwhile, the result of the Brexit referendum is expected to have a limited impact on French confidence indicators and financial markets in the short term, though a decline in exports and investment could weigh on growth in the medium term. The problem of terrorism, however, continues to pose downside risks to the economy. France was struck in mid-July by another deadly terror attack, this time in the major tourist destination of Nice. The recent spate of attacks could have a significant impact on the tourism industry and reduce tourism investment.


Europe’s tourism business is crashing to the ground thanks to Muslim terrorists.  Ditto with Egypt, too.  And so forth: who is insane enough to venture into any place being hammered by Muslim terrorists who were invited into the public to do as they will?  Then there is the currency problem: the strong euro for years and years encouraged Europeans to vacation all over the world, spreading euros all over the place because it was artificially ‘strong’.


Now all the crows are coming home to roost, no?  No surprise.  The brief strong euro game is over.  Now, the rulers are desperate to make it ‘weaker’ so they can attract tourists from outside the euro except for Brexit screwed all that up…Britain’s good voters were smart enough to see the hell burning next door and voted to exit it.  Many Germans are thinking the same thing, too.


Bilderberg Documents from the First Meeting in 1954 – No Cancer Foundation research archive N°8 has pictures of the actual document that is super secret but was revealed in 2007 only the photos are out of focus!!!   Sheesh.  I could read these with difficulty.  The entire reason for the Bilderberg gang’s creation was ‘Stalin has nuclear bombs!’  It says this on page one.


The photos were taken by a Census Bureau whistleblower, Shepherd Johnson, who was doing unrelated research at a DC University Library when he discovered the documents and sent them to this author at the 911 Disclosure Blog. Shepherd is a contributor to – a Wikileaks style website – as well as a writer, researcher and photographer. Shepherd recently shared his story of working for the US Census Bureau and how he quit the job when he noticed their list of options for people who declined to participate included people with “Anti-government sentiments”.


Cryptome has many documents.  Hard to access, unfortunately and I don’t want to bother right now.


Here is, if the British press is interested, the online website that has The Bilderberg Papers – Leaked discussions from the 1999 Bilderberg meeting: The topics of discussion are no big deal. Why is all this super secret? Well, these ‘topics’ are the icing on a very big cake, it is what was discussed as for coming to some resolution that matters.


The secret conversations especially concerning Russia and nuclear war. This is ongoing today, especially today with NATO confronting Russia all over the place and Obama warmongering like he is LBJ and Nixon and the US media claiming Obama is heroic and good and Trump is evil because Trump can talk to Putin!


And Obama wants to bomb Moscow.



Henry A. Kissinger
Carl Bildt
Charles G. Boyd
Dominique Moïsi
Michael Zantovský
Jim Hoagland
Evan Bayh
Christopher J. Dodd
Chuck Hagel
Jan Leschly
Jonathon Porritt
Robert B. Shapiro
Kenneth Clarke
Martin S. Feldstein
Stanley Fischer
Otmar Issing
Jean-Claude Trichet
Marie-Josée Kravis
Speakers :
Stanley Fischer
William J. McDonough
James D. Wolfensohn

[Page 11]
Henry A. Kissinger
Etienne Davignon
Richard C. Holbrooke
Yannos Kranidiotis
Peter Mandelson
Jorma Ollila
Richard A. McGinn
J. Martin Taylor
Laura d’Andrea Tyson
Jürgen E. Schrempp
Bill Richardson
Moderator :
Jessica T. Mathews
Lilia Shevtsova
Dmitri V. Trenin
Etienne Davignon
Werner A. Perger
Mauricio Rojas
Martin Wolf

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Filed under .money matters

5 responses to “IMF Chief Lagarde Wails That EU Economy/Banking ‘Out Of Control’!!!

  1. Melponeme_k

    I guess if there is no NUMEROLOGY involved Lagarde is confused. She can only work well on triple 7 days.

  2. Jim R

    I expect Putin knows what goes on in those Bilderberg meetings. Russia has always excelled at human intelligence. American ‘security agencies’ tap phones and listen to the internet and think they know what’s going on.

    It was so interesting to me to recently learn that, while the Rosenbergs were executed for passing nuclear secrets, the *real* spies delivered the goods to the USSR, and went on to live long full lives. Some of them even got on Medicare and Social Security here in the States when they got old.

  3. Jim R

    I just love your cartoons, Elaine. I hope your hands are steady enough to make more of them. But even the old ones are still relevant — they cover topics that are timeless.

  4. Petruchio

    @#2 Jim R: The Russkies had deep rooted knowledge about the ENTIRE Manhattan Project and the development of the nuke bombs named “Fat Man” and “Little Boy”. The (then) Soviets had multiple spies on these projects and more than one completely escaped discovery. Ted Hall was one of these spies. Hall was a central player in New Mexico and the development and testing of The Bomb. The Soviets owned Hall. He worked for the Soviets as a spy for nearly his entire career. Hall was never discovered! He decided to retire to England and became a British citizen. yes, the Soviets have always placed an emphasis on intel. And it is safe to assume that the current brand of Russia has its intelligence services working to discover every single secret the US War Machine has.

  5. e sutton


    I wish them luck, Pet. I am counting on the Russians to rid the world of the neo-con scum. The trash needs to be taken out in America, and the sooner the better.

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