An Insight, An Idea With Christine Lagarde

In rare moments of candor, the IMF and BIS does have a history of sharing concerns.  IMF Managing Director Legarde blurts out 200 million workers are unemployed in the western world.  She also keeps mentioning the word "reset", more specifically "global monetary reset."

That is globalist code speak for the USDollar losing its petrodollar status as the global reserve currency.  In its place will be the Special Drawing Right, an IMF currency consisting of a basket of dollars, euros, sterling, yen, and now Chinese yuan.

https://www.bloomberg.com/news/videos/b/85e29297-56a2-45a9-b825-b924b861067a

IMF's Christine Lagarde Joins The Chorus, Warns Market Is "Too Upbeat"

So wait a minute...a few bloggers warn of the dangers of echo, stimulus-induced asset bubbles resurfacing  due to QE to infinity--only to be mocked by mainstream economists.  And now the BIS, the FED, and the IMF regurgitate the warnings, and NOW we're supposed to believe them?

At this point, it's clear that the powers-that-be have created a Frankensteinian monster with which they have no idea where this uncharted money-printing process will end up.  I do...it will end in tears.  Fiat currency experiments never end well--never have, and never will.  The only question is when.

http://www.zerohedge.com/news/2014-07-19/imfs-christine-lagarde-joins-chorus-warns-market-too-upbeat

Christine Lagarde – The Most Dangerous Woman in the World – IMF Advocates Taking Pensions & Extending Maturities of Gov’t Debt to Prevent Redemption

Bail-ins are coming, as sure as bail-outs occurred.  Retirement accounts and pensions are at-risk during the next banking crisis.

http://armstrongeconomics.com/2014/06/28/christine-lagarde-the-most-dangerous-woman-in-the-world-imf-advocates-taking-pensions-extending-maturities-of-govt-debt-to-prevent-redemption/

Christine Lagarde Is Clueless: 70 Words Of Pure Keynesian Claptrap

http://davidstockmanscontracorner.com/2014/04/04/christine-lagarde-is-clueless-70-words-of-pure-keynesian-claptrap/

Christine Legarde quote on Europe

"The latest numbers that we have received, in particular from Germany, are encouraging, whether it's manufacturing, whether it's service activity, whether it's exports. That is heading in the right direction, but it needs to be sustained over time. And I'm crossing fingers for the Eurozone...

- Christine Legarde, IMF Managing Director

Wow.  Hope and prayer is a great strategy for the biggest economic zone in the world.

IMF chief Christine Lagarde warns of QE tapering risks

In other words, Christine Lagarde is saying we need indefinite QE, despite jawboning by the Fed about tapering or ending QE.  This confirms my conviction that QE will never end.  Because even if the Fed "tapers" purchasing of US Treasuries and mortgage-backed securities, this alone will tank both bond and equity markets--thereby necessitating an acceleration of QE later on.  This will destroy what little credibility central banks have left.

By the way, Lagarde has to toe the party line--ginning up the printing press, and maintaining rhetoric of USDollar hegemony.  Because once she goes off the reservation, she will be unceremoniously stripped of her title as IMF Managing Director, as her predecessor Dominique Straus-Kahn was.  Only in her case, they'll have to come up with other allegations than raping hotel chambermaids.

QE to infinity, bitchez.

http://www.telegraph.co.uk/finance/economics/10263597/IMF-chief-Christine-Lagarde-warns-of-QE-tapering-risks.html

Head of the IMF Christine Lagarde in court charged with embezzlement and fraud

First, Dominique Strauss-Kahn was accused of rape.  Now, his replacement, Christine Lagarde is accused of embezzlement and fraud.

Here's the thing--whether they are guilty or not is irrelevant.  The truth of the matter is they are being targeted despite being heads of the central bank of central banks, because they are offering resistance on endless money printing.  Sure, all bankers want to print money endlessly, but they also have to voice the their concerns over what I call legalized counterfeiting because enough people are concerned.  However, speak too loudly, and their peers get nervous.

The financial system is broken and on the verge of collapse, so the rats are pointing fingers at other rats in the sinking ship.

http://www.standard.co.uk/news/world/head-of-the-imf-christine-lagarde-in-court-charged-with-embezzlement-and-fraud-8628670.html

As the IRS and other scandals are telling us, nobody is immune to investigation--even if they are allies of the President.  And it also goes to show you that the seemingly all-powerful central bankers are merely puppets in the big scheme of things.  The financial elite pulling their strings behind the scenes will toss them aside and assassinate their characters, if they don't perform their jobs of printing trillions more.

Sinclair - Lagarde’s IMF Disaster Forces Bernanke Out Of Fed

Ron Paul's End the Fed campaign may come into fruition sooner than later.

Anybody find it coincidental that former IMF Managing Director Dominique Strauss-Kahn's character was assassinated with trumped up rape charges, and now current IMF MD Christine LaGarde is similarly being investigated for alleged illegal payoffs?  Being a central banker isn't what it used to be, and Ben Bernanke is already considering exit strategies.

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/3/21_Sinclair_-_Lagardes_IMF_Disaster_Forces_Bernanke_Out_Of_Fed.html