The Bankers are the Saviors says IMF Director – REALLY?

The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, said today that the real heroes of the economic crisis that erupted in 2008 are not heads of state and finance ministers but central bankers.

“Who have been heroes since the crisis began,” said Lagarde to start a two-day seminar on macroeconomic policies at the headquarters of the International Monetary Fund and in the framework of the joint spring meeting with the World Bank held this week in Washington.

“I recognize some in this room,” said the head of the Fund, who insisted that “the heroes are not the heads of state and finance ministers,” but the heads of the central banks around the world.

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Of course this discourse is full of lies. Bankers, along with governments, are the responsible parties of the current global financial crisis. That has been proven many times. A completely interconnected world is more vulnerable to systemic collapse, and that interconnectedness was created by the global financial institutions that control the world.

Recently, a group of researchers studied how the world’s interconnectedness has truly handed over the control of the global economy to as few as 146 individuals, entities and governments, and how their decisions directly affect the stability of the global economic system. One curious finding about how a corporate global network controls it all, is that the data utilized to determine how much influence a few corporations exercise over the rest of us, has been available for years, but no study had been conducted to find what they found.

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