It joined with the European Central Bank to provide hundreds of billions to bail out Greece, Ireland and Portugal, so these nations would not default on their debts and bring down the European banks that are stuffed full of Greek, Irish and Portuguese bonds.
Through the IMF, U.S. taxpayers are bailing out European nations to save European banks, just as U.S. taxpayers, through the Federal Reserve, secretly bailed out European banks throughout 2009 and 2010.
This is why the socialist Strauss-Kahn was a hero in the capitals of Europe. He was their agent in our capital.
Consider the winners and losers of this globalist racket.
The people of Greece, Ireland and Portugal endure austerity and recession for years, while the European banks are assured 100 cents on the dollar for their bonds. And the deal-makers like DSK are put up at $3,000-a-night hotel rooms, fly first class and get tax-free salaries larger than those of the president of the United States, courtesy of the U.S. taxpayer.
Saturday at the Sofitel, we saw up-close the sense of arrogance and entitlement such privilege induces in our global elite.
Time to shut down the IMF and get back what’s left of our gold."
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