Was Dominique Strauss-Kahn Trying to Torpedo the Dollar?

by Mike Whitney  Global Research, May 19, 2011  Find Article Here:-

It’s all about perception management. The media is trying to dig up as much dirt as they can on Dominique Strauss-Kahn so they can hang the man before he ever sees the inside of a courthouse.  Whoever wants to nail IMF chief Dominique Strauss-Kahn has really pulled out all the stops.  Their agents have been rummaging through diaries, hotel registries, phone records and yearbooks. The UK Telegraph even paid a visit to a high-priced DC knocking shop to get a little dirt from Madame Botox; whatever it takes to make a randy banker look like the South Hill rapist. And they’re doing a pretty good job, too. The cops have made sure that the “Great Seducer” always appears handcuffed and dressed in a “pervie” raincoat with 3-days stubble before they parade him in front of the media.  On Wednesday–more grist for the mill–they released his mug-shot, an unflattering, deadpan photo that makes him look like Jack-the-Ripper. Was that the intention?

Strauss-Kahn was mounting an attack against the dollar and now the wrath of the Empire has descended on him like ton-of-bricks.  This is from the UK Daily Telegraph:

“Dominique Strauss-Kahn, managing director of the International Monetary Fund, has called for a new world currency that would challenge the dominance of the dollar and protect against future financial instability…..

He suggested adding emerging market countries’ currencies, such as the yuan, to a basket of currencies that the IMF administers could add stability to the global system….Strauss-Kahn saw a greater role for the IMF’s Special Drawing Rights, (SDRs) which is currently composed of the dollar, sterling, euro and yen, over time but said it will take a great deal of international cooperation to make that work.” (“International Monetary Fund director Dominique Strauss-Kahn calls for new world currency”, UK Telegraph)

So, Strauss-Kahn finds himself in the same crowd as Saddam Hussein and Libyan leader Muammar Gaddafi, right? You may recall that Saddam switched  from dollars to euros about a year before the war. 12 months later Iraq was invaded, Saddam was hanged, and the dollar was restored to power.  Gaddafi made a similar mistake when “he initiated a movement to refuse the dollar and the euro, and called on Arab and African nations to use a new currency instead, the gold dinar.” (“Libya: All About Oil, or All About Central Banking?” Ellen Brown, Op-Ed News)  Libya has since come under attack by US and NATO forces which have armed a motley group of dissidents, malcontents and terrorists to depose Gaddafi and reimpose dollar hegemony.

And now it’s Strauss-Kahn’s turn to get torn to shreds. And for good reason. After all, DSK actually poses a much greater threat to the dollar than either Saddam or Gaddafi because he’s in the perfect position to shape policy and to persuade foreign heads of state that replacing the dollar is in their best interests. And that is precisely what he was doing; badmouthing the buck. Only he was too dense to figure out that the dollar is the US Mafia’s mealticket, the main way that shifty banksters and corporate scalawags extort tribute from the poorest people on earth. Strauss-Kahn was rocking the boat, and now he’s going to pay.

Strauss-Kahn’s vision was not limited to currency alone, but involved broad structural changes to the IMF itself that would have reversed decades of neoliberal policies.  DSK had settled on a new approach to policymaking; one that would abandon the worst elements of globalization and put greater emphasis on social cohesion, cooperation and multilateralism. Here’s an excerpt from the speech titled “Human Development and Wealth Distribution” he gave in November 2010:

“….Adam Smith—one of the founders of modern economics—recognized clearly that a poor distribution of wealth could undermine the free market system, noting that: “The disposition to admire, and almost to worship, the rich and the powerful and…neglect persons of poor and mean condition…is the great and most universal cause of the corruption of our moral sentiments.”

This was over 250 years ago. In today’s world, these problems are magnified under the lens of globalization….globalization also had a dark side. Lurking behind it was a large and growing chasm between rich and poor—especially within countries. An inequitable distribution of wealth can wear down the social fabric. More unequal countries have worse social indicators, a poorer human development record, and higher degrees of economic insecurity and anxiety. In too many countries, inequality increased and real wages stagnated—failing to keep up with productivity—over the past few decades. Ominously, inequality in the United States was back at its pre-Great Depression levels on the eve of the crisis….

An immediate task is to end the scourge of unemployment….Progressive taxation can also promote equity through redistribution, and this should be encouraged….“Inequality is corrosive” ….“it rots societies from within…it illustrates and exacerbates the loss of social cohesion…the pathology of the age and the greatest threat to the health of any democracy.” (“Human Development and Wealth Distribution”, Dominique Strauss-Kahn, IMF)

DSK  lecturing bankers about redistribution? That’s not what they want to hear. What they want to hear is why ripping off poor people actually makes the world a better place.  DSK’s speech just shows that he wasn’t drinking the Koolaid anymore. He was becoming a nuisance and they needed to get rid of him.

Does that mean he didn’t rape the woman who was in his hotel room?

Of course not. In fact, he could be guilty. But he deserves a fair trial, and someone’s making damn sure he doesn’t get one.

Strauss-Kahn Set To Receive Lifetime $320,000 Annual Pension From IMF.

A one off payment of 60-70% of his annual salary which was around $490K, followed by a yearly pension of 60-70% of his annual salary.   Video Here:-