IMF, World Bank & ESF: Financial Fraud Rules (continued)
by AL MARTIN (AL MARTIN. RAW)
France is a socialist-welfare country, but it also has a large conservative party, which used to be the Gaullists and is now a confederation of several conservative political parties. These are the progenitors of former President Valery Giscard d'Estaing and Sarkozy inherited the mantle from d'Estaing -- just as the mantle originally extended to Charles DeGaulle.
Then there's the previous scandal wherein IMF head Dominique Strauss Kahn got involved in various sordid affairs and lost his ability to run for president of France.
These individuals know that they are effectively above the law and the only kind of problems they have are the kind of problem that LeGarde is now having, which is when there's a regime change -- as there often is in France -- when you go from the right to the far left -- then suddenly there becomes the political will in the current Hollande government to embarrass LeGarde.
But it's not even really her who is the target; it's former French president Sarkozy. They want to discredit Sarkozy as much as possible because Hollande knows that left-wing regimes in France don't last very long.
In other words, this should be looked at from the European perspective, not through an American prism. Since everything in Europe is essentially left-wing, you have to compare it by their standards. That's how Hollande knows that his government won't last too long because left wing governments fuck up the economy too much. One of their real political mandates comes in trying to discredit the previous conservative regime as much as possible.
Then there's the shadowy Exchange Stabilization Fund (ESF) controlled by the Federal Reserve which Bushonian Regimes kept pillaging. Originally the deal was that money kept going out the back door allegedly to stabilize principally the Canadian dollar, the British pound, as well as the Australian and Kiwi currency. That was part of the original agreement that the United States would provide stability for the Anglo currencies.
So how did the Cabal use the ESF to facilitate their frauds? One of the scams was to get long the Canadian dollar or the Pound every time the Pound got down into the 130s or every time the Canadian dollar traded down to 78 or 79 cents.
Then you would see the deep offshore Republican old money funds would all get long those currencies. Then when they reached so-called "trigger points," wherein the Fed would come in to support those currencies, it would force the value of those currencies higher. It was just a way to suck $50 billion out of the Fed.
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* AL MARTIN, author of "The Conspirators: Secrets of an Iran Contra Insider," is an Independent Political-Economic Analyst with 25 years of experience as a trader on NYMEX, CME, CBOT and CFTC. He is also currently trading the commodity futures market day and night and has a teleconferencing service to facilitate transactions in the markets. This is a service for independent experienced traders.
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