VIDEO AT SOURCE
She urged Europeans to speak with one voice on the region's debt crisis that has rattled the global financial system.
Lagarde also criticized the latest EU summit that drafted a new treaty for deeper economic integration in the eurozone.
She said the summit was not detailed on financial terms, being too complicated on fundamental principles.
Press TV has conducted an interview with Rodney Shakespeare, professor of binary economics, to share his opinion on this issue.
Following is a transcript of the interview:
Press TV: Now professor Shakespeare, what Christine Lagarde is saying that this is a dangerous situation, has things changed so much from just a few months ago that now she is speaking, it seems with a little bit more urgency than before?
Shakespeare: The good news is that she is waking up showing some realism about how dangerous the situation has become and she is recognizing that Europe is failing to take effective action but, and this is the bad news that she does not specify exactly what should be done and the problem there is that she herself in effect, is at the acme of a collapsing system and therefore she is not going to propose anything that fundamentally change it.
So in effect, she is a talking puppet for a corrupt system and she is not going to propose the one thing which needs to be done which is for the national banks that issued interest-free loans in a large way for the benefit of jobs and ordinary people.
Press TV: Okay so let's say that she knows exactly what needs to be done to salvage the system but because that she is basically a part of the system, so what is the point in even pointing this out and talking about the severity of it? Why is she doing that? What can she accomplish from this?
Shakespeare: She is a talking puppet who can accomplish nothing except to depress people and to ensure that nothing happens. That is exactly what the problem is. If she cannot proposes something which is going to actually change the situation and improve it, which means getting the money out into the hands of jobs, for the people don't lose their homes etc. etc., then she should get out. The IMF is part of the system and it does not have any means of fundamentally correcting what is wrong.
Press TV: So professor, where is the European economy, and should I say the global economy, headed in your perspective in 2012?
Shakespeare: Christine Lagarde has rightly said that Europe is failing to take action, that putting up things which are much too complicated but the action that Europe proposes will also not be effective, it is in effect just kicking the can down the road and Christine Lagarde sees and understands that.
But at the moment, the attention is on Europe, because when the European economies go down, that would mean the banks would go down, that will immediately instigate probably this huge pyramid of derivatives which are based upon things like an insurance for whether or not a national government pays for its bonds. In other words default against, forms of default, insurance against faults or default.
So she is quite right to see that Europe is at the center amount of the trouble but then the USA as well is a Western system which is totally now inundated with irreparable debt.
AHK/JR
The head of the International Monetary Fund (IMF) Christine Lagarde has said that world's economy is in a dangerous situation.
She urged Europeans to speak with one voice on the region's debt crisis that has rattled the global financial system.
Lagarde also criticized the latest EU summit that drafted a new treaty for deeper economic integration in the eurozone.
She said the summit was not detailed on financial terms, being too complicated on fundamental principles.
Press TV has conducted an interview with Rodney Shakespeare, professor of binary economics, to share his opinion on this issue.
Following is a transcript of the interview:
Press TV: Now professor Shakespeare, what Christine Lagarde is saying that this is a dangerous situation, has things changed so much from just a few months ago that now she is speaking, it seems with a little bit more urgency than before?
Shakespeare: The good news is that she is waking up showing some realism about how dangerous the situation has become and she is recognizing that Europe is failing to take effective action but, and this is the bad news that she does not specify exactly what should be done and the problem there is that she herself in effect, is at the acme of a collapsing system and therefore she is not going to propose anything that fundamentally change it.
So in effect, she is a talking puppet for a corrupt system and she is not going to propose the one thing which needs to be done which is for the national banks that issued interest-free loans in a large way for the benefit of jobs and ordinary people.
Press TV: Okay so let's say that she knows exactly what needs to be done to salvage the system but because that she is basically a part of the system, so what is the point in even pointing this out and talking about the severity of it? Why is she doing that? What can she accomplish from this?
Shakespeare: She is a talking puppet who can accomplish nothing except to depress people and to ensure that nothing happens. That is exactly what the problem is. If she cannot proposes something which is going to actually change the situation and improve it, which means getting the money out into the hands of jobs, for the people don't lose their homes etc. etc., then she should get out. The IMF is part of the system and it does not have any means of fundamentally correcting what is wrong.
Press TV: So professor, where is the European economy, and should I say the global economy, headed in your perspective in 2012?
Shakespeare: Christine Lagarde has rightly said that Europe is failing to take action, that putting up things which are much too complicated but the action that Europe proposes will also not be effective, it is in effect just kicking the can down the road and Christine Lagarde sees and understands that.
But at the moment, the attention is on Europe, because when the European economies go down, that would mean the banks would go down, that will immediately instigate probably this huge pyramid of derivatives which are based upon things like an insurance for whether or not a national government pays for its bonds. In other words default against, forms of default, insurance against faults or default.
So she is quite right to see that Europe is at the center amount of the trouble but then the USA as well is a Western system which is totally now inundated with irreparable debt.
AHK/JR
Christine Lagarde's statement was worthless because she does not specify exactly what should be done about the problem, however, Professor Shakespare does not specify a solution either so aren't his comments equally as worthless?
ReplyDeletei remember from my school days at Brandeis University in1970's my student adviser's words that when he was growing up that his parents used the term "‘goyishe kup,’" meaning that the "Non-Jews are Stupid"
ReplyDeleteI learned that of "GOYISHE KUP" means that the "Cattle are STUPID".I agree with the Jewish saying that American "GOYISHE KUP" are indeed" Stupid" as they believe that Muslem Kids who were unable to Fly a Cessna plane took it upon themselves to FLY a Boeing 767 & outwitted the US Military & Civilian authorities. The "Jewish Lightning Insurance Scam" of the 1960's is still alive and well has been put to use by Larry Silverstein in putting 15 million cash down and comming out with 7 billion dollars for buidings where it would have cost a billion dollars to remove the asbestos The Americans believe that they decide who is elected President or for that that actual VOTE is really counted in deciding who represents them in the White House and congress. bollyn.com
http://www.youtube.com/watch?v=rVTXbARGXso http://www.911missinglinks.com/ http://www.youtube.com/watch?v=DxnpujfanUM Yeh I agree that the AmericanNon-Jews are indeed "GOYISHE KUP" or "STUPID CATTLE"!
The Israeli Defense Firm That Tallies The Iowa Caucus
By Christopher Bollyn
1-1-8
The Iowa caucus is only a few days away and the nation's attention will be directed to the results, which signify the beginning of the U.S. presidential race. But does anyone watch who tallies the results of the Iowa caucus?
The Iowa caucus results were tallied in 2004 by a company that is headed by a man whose company was bought by Elron Electronics, the Israeli defense firm. I suspect that it will be the same this year. Don't expect to see any grassroots political activists doing the tally in Iowa. The Israeli defense establishment takes care of that part of the American "democratic" election process.
There is no solution. The problem is too much debt and all the IMF and other financial institutions can do is create more debt, which will only make the problem worse. A financial system based on the creation of money as debt has a limited life span, because when the money is created, only the principle is created while the amount that must be paid back is equal to the principle plus interest.
ReplyDeleteSocial Credit can eliminate all these problems. Debt free money, and national dividend will recover European economies and the the rest of the world.
ReplyDeleteNotice this financial melt down has occurred recently.I'm sorry to say--it's purposely planned.The Jews have rob us and a new monatary system is in the planning--debit card money--cashless sociaty--the government can track and tax all transactions.Buy gold and silver the town cryers are yelling--worthless stuff and the Jews are making billion$ on paper gold/silver.The only cure is to burn down the whitehouse,Demand that the President ship be max 4-5 years and all other politician seats--2x5 years max. This gets rid of deadwood and career crocks. Just a few that need stringing up- BarnYard Franks, Nancy Peelosie, John McCain, John Kerry, Finstink, Liebermann and countless free loaders. Did you know that once elected and after 1 1/2 terms most Fed politicians become multi millionair$ :^?
ReplyDeleteEvery since 1971 when the US dollar was taken off the gold standard things were set in motion for an eventual collapse. All fiat systems eventually collapse. The only reason the dollar hasen't already collapsed is price suppression of gold and silver (PM). With all the printing going on if the PMs wern't suppressed their price would have gone through the roof and where do you think that would leave the federal reserve note? Who would want to own worthless paper when PM values are going up like a rocket. The whole fiat papper money thing is going to end very badly.
ReplyDeleteHow long can the suppression continue? Why is the SLV and GLD selling at a discount to spot, and the closed end PM ETFs selling at a premium? At least some people are waking up, but physical is the way to go.
There is no solution to the problem, because there isn't a problem. This is going as according to plan. Read Revelations. you will all be under a one world government worshiping the antichrist.
ReplyDeleteSince Jews wrote the Bible, it is bound to be pure propaganda. Therefore, the best thing anyone could do is dimiss it as such, and go about the more difficult task of constructing a world view based on realism rather than one based on the ridiculous notion that some mythical antichrist controls the destiny of mankind.
ReplyDeleteAlbert Einstein . "No problem can be solved from the same level of consciousness that created it."
ReplyDeleteExpecting the bankers and politicians to resolve the problem is ridiculous.
The issue is how to lift society to a level higher than our current concentration on wealth, money, and power, so that a solution is possible.
Understand that no group is going to relinquish their wealth, money, and power without force or the threat of force. You cannot appeal to their better nature, they do not have one.
Much wiser and better men (and women) than I have searched for a solution, and after some 20,000 years it is still elusive.
P.S Hi Caroll,
could you provide any evidence or logical proof that a) the "antichrist" is mythical, and b) that such a notion is "ridiculous. Please do not try to switch by asking me to prove the opposite, you are the one making the assertion.
The true solution is not prison for the bankers and congressturds, they own the prisons too. But, a few heads on posts will do. The problem will miraculously go away...they may hate non-Jews but, they're armed and VERY frightened. Wrong doers are, by nature, paranoid neurotics as well as sociopaths, in this case. Easy to see why Atlas shrugged.
ReplyDeleteThe jews don't write any Bible,read Revelation 2:9,,3:9,,most of christian people in america are useful idiots,those people support Israheelll and those fake criminals,AshkeNAZI devils.
ReplyDeleteThe Bible:
Relates that the Khazar (Ashkenaz) Jews were/are the sons of Japheth not Shem:
"Now these are the generations of the sons of Noah, Shem, Ham, and Japheth: and unto them were sons born after the flood. The sons of Japheth;...the sons of Gomer; Ashkenaz..."
(Genesis 10:1-3)
Therefore, the Bible proves that the Ashkenaz Jews [Khazars] are not the descendants of Shem and cannot be Semite.
The Universal Jewish Encyclopedia:
"Khazars, a medieval people, probably related to the Volga Bulgars, whose ruling class adopted Judaism during the 8th cent. The Khazars seem to have emerged during the 6th cent., from the vast nomadic Hun (Turki) empire which stretched from the steppes of Eastern Europe and the Volga basin to the Chinese frontier. Although it is often claimed that allusions to the Khazars are found as early as 200 C.E., actually they are not mentioned until 627...Most Jewish Historians date the conversion of the Khazar King to Judaism during the first half of this century {A.D.}..."
The Encyclopedia Judaica, Vol. 10, (1971) relates the following about the Khazars (Chazars):
"Khazars, a national group of general Turkic type, independent and sovereign in Eastern Europe between the seventh and tenth centuries A.D. During part of this time the leading Khazars professed Judaism."
(Encyclopedia Judicia, Vol. 10, (1971)
Collier’ s Encyclopedia, Volume 14, page 65 states:
"Khazars [kaza'rz], a semi-nomadic tribe of Turkish or Tatar origin who first appeared north of the Caucasus in the early part of the third century...in the Eighth Century Khaghan Bulan decided in favor of the Jews and accepted Judaism for himself and for his people..