Today's Coming Crisis Movie

Thursday, May 26, 2011

IMF Chief Strauss-Kahn held hostage by US government?

By now, everyone knows that Dominique Strauss-Kahn, the head of the IMF, was hauled off an Air France flight two minutes before it was due to take off, and taken into custody by the NYPD. Why? The US cover story is that he allegedly forced or attempted to force a maid at the Sofitel hotel in Manhattan to perform oral sex on him. The real story behind his detainment has to do with the US economy – the bankruptcy of the United States of America.'

On Monday evening, May 16, 2011 the Obama government reached and crashed through the $14.29 trillion debt ceiling. What is the debt ceiling? The debt ceiling is simply a cap on how much money the US federal government can owe. For instance, if the debt ceiling was set at $14.29 trillion, then the US government would be forbidden from incurring a total public debt load of over $14.29 trillion. This $14.29 trillion number includes both public debt (money that is owed to individual investors, foreign governments, pension funds, etc) and intragovernmental holdings (money that is owed to various government programs).

On the weekend (May 14 and 15, 2011) prior to this historic event the US government and the IMF chief were engaged in behind closed doors negotiations for an IMF financial bailout of the US government. IMF chief Dominique Strauss-Kahn, a French citizen and political opponent of French president Nicolas Sarkozy for the French presidency, was in the US for this meeting. The Obama government failed to secure funds from the IMF chief. In retaliation the US government immediately launched a pre-planned smear campaign against the IMF – IMF head Dominique Strauss-Kahn. (read more)