The International Monetary Fund last week made a big push to position its SDR currency as a replacement for the US dollar. The US Congress finally (after 5 years foot-dragging) approved IMF voting reform, diluting G7 power, after which the organization announced it was doubling its money to 477 billion SDR (US$660 billion) from 238 billion SDR (about $330 billion).
Somebody apparently was not pleased because, immediately after this announcement, French police pressed criminal charges against IMF head Christine Lagarde.
The last IMF head, Dominique Strauss-Kahn, was arrested on trumped up rape charges and dismissed from office when he tried to push the SDR as a US dollar replacement. The CIA was behind that operation, according to CIA sources. Let us see if Lagarde does any better.
Another sign the US dollar and the people who control it are involved in high level financial warfare was the rate hike announced by the US Federal Reserve Board last week. The official reason for the rate hike, a strong US economy, was a bold faced lie as all real economic indicators show the US economy remains in a tailspin. Furthermore, this rate hike will have the effect of taking money from small banks who lend to real businesses to the big banks who control the Fed and whose main business is gambling. The real reason for this rate hike was to protect the no-longer American US Dollar, not the US economy. In any case, the rate hike was a failure in that the dollar fell instead of rising. Long term interest rates also fell, meaning the market expects deflation and not the supposed inflation the rate hike was supposed to stop.
The US government finally agreeing to dilute its power at the IMF while the Fed raises interest rates are probably connected to US corporate government efforts to stave off bankruptcy. In other words, as a condition for additional funding, the US was forced to hand over de facto control of the IMF and pay more interest to foreigners who own US dollars.
The fact the US sent B52 bombers over Chinese territory last week was also almost certainly connected to high level, secret, negotiations to keep the US corporate government afloat. Essentially, the Americans were yet again using their nuclear war card to try to get a better deal.
Another sign something fundamental has changed is the fact the US government has done a 180 degree about turn in its policy towards Syria last week by supporting a UN resolution that does not call for the ouster of Syrian President Bashar Assad.
The US and Israel, until now often condemned at the UN by the rest of the world, have shown signs of regime change by voting for...