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Big League Economics

Why The IMF Is The Biggest Bully On The Planet

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Have you ever heard of the Lagarde list? The Lagarde list was the biggest scandal on the planet. A perpetrator obtained STOLEN private banking information from the only country on the planet where your bank account is a person’s most protected asset: Switzerland. At the time that this BREACH supposedly happened Christine Lagarde was the Minister of Finance of France. The information in her possession was used as leverage to all EU economies to remain in the EU economic system. This stolen information was distributed among all nation states advising them of citizens that had unmarked, undeclared money in Switzerland.

The Lagarde list was what took down and dismantled the Greek economy. It was that covert and highly illegal maneuver that propelled her career to be the Managing Director of the IMF (International Monetary Fund). If you google things about the IMF it comes off as a do-good institution and as of 2016, the fund had SDR 477 billion (about $666 billion).

SDR / XDR is a currency value that ONLY the IMF uses to show claim to all global currencies. Christine Lagarde has a reputation that proceeds her in any nation other than the USA because no local news agencies ever report on the activities of the IMF. They dictate debt for every single country on the planet EXCEPT for four nations on the planet: Cuba, Syria, Iran and North Korea.

Lagarde was actually an intern in Washington. Did you know that? She worked as an intern for Rep William Cohen one of the most vocal people against the GOP accepting President Trump as the Republican nominee, causing a chasm in the party. Before that she had joined Chicago-based law firm Baker & McKenzie.

Trending: EXPOSED: Peter Strzok Grew Up In Iran, Worked As Obama and Brennan’s Envoy To Iranian Regime

The G7 Summit is highly confidential and a lot is discussed. President Trump’s late arrival to the breakfast went viral after an AP photo, but the mainstream media concealed the real reason for his lateness, which speaks volumes. This is the “morning after breakfast” where they come to an agreement to discuss what the Communique is. What is the Communique? It’s basically a jointly approved statement of the resolutions during discussion and who dictates? Obviously the one who dictates every country’s currency: Christine Lagarde, the Managing Director of the IMF. She is present at EVERY single global meeting and forum but never referred to as the head of the table even though she is (she’s more of a de facto boss, like Tony Soprano).

Why was Russia excluded from G8? Was it Crimea? No. Russia is the only country on the planet that has no debt. Crimea was an excuse. President Trump’s advocacy to bring Russia back into these meetings is because their GDP is necessary to create global trade agreements beneficial for all, but the IMF doesn’t want a country that refuses to accept debt and hence they decided in March 2014 to let Russia go even though annexation of Crimea was a result of the Ukrainian revolution which was basically kicked off by their extensive debt they had to the IMF with Germany as a guarantor. How does a country in Europe with the most reserves on the continent of natural gas and other natural resources? The same way Greece, Italy, Spain and every single nation state did – borrowing against their government assets such as resources and being forced into unfair unilateral trade agreements that all have France and Germany as benefactors and they pass through creditors for the IMF.

There was no Communique! Was it Justin Trudeau’s behavior or the fact that Christine Lagarde wouldn’t compromise? The fact is, IMF is never mentioned but always the coordinator and organizer of these meetings. I believe the IMF and their syndicates have met their match with President Donald J. Trump as he is truly seeking a free market with fair trade that the IMF is unhappy about because of the evil $666 Billion interest they have on global currencies and such actions from unmonitored trade agreements can throw their control into disarray and “bankrupt” them. How do you bankrupt the head of the banking system whose only business is to never have currency but create currency out of debt? This is over my paygrade but this is something to think about .

Though, having said that, last time nations tried to cross Christine Lagarde she destroyed them all, so as Americans we should be on alert regarding this Obama administration foreign national that runs a bank with questionable currency that dictates ALL global trade and debt and ONLY prefers debt to liquid nations.We should be seeing a lot of head butting with companies and countries alike challenging our President because of all the pressures they are enduring as entities from the biggest bully on the planet. The IMF.

#LagardeList

 

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Big League Economics

Derrick Wilburn Explains Why Democrats Are So OLD

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Derrick Wilburn of Rocky Mountain Black Conservatives (RMBC) explains in a stirring new piece shared on Facebook why the Democratic Party leaders are so old, while the Republican Party — adherent to its own term-limit laws — provides fresh faces in committee leadership.

Wilburn writes:

Quick, name a nationally-prominent Republican who’s under 60 years of age. Those who pay even the least bit of attention to the political game can likely name Tim Scott (52), Marco Rubio (46), Mia Love, (48), Ted Cruz (46), Rand Paul (54), Trey Gowdy (51), Nikki Haley (46) among others.

In recent weeks as many as 7 Republicans who are current committee chairmen have announced their intentions to retire from Congress. Why? Many in the media are attempting to sell the narrative that its because they sense impending doom. Not true. Its’ because the Republican caucus term limits its chairmanships and these have reached the end of their terms.

A recent piece in TheHill.com spotlights a key difference between the way the Republican caucus & Democrat caucus in Washington D.C. operate, but a difference few in the USA are aware of: “The term-limit policy, put in place by former Speaker Newt Gingrich (R-Ga.) in 1994, was designed to keep the party from growing stale by regularly injecting new blood and fresh ideas into the mix.”

The GOP’s self-imposed rule is that legislators can not serve more than six years as the party’s top lawmaker on a committee. So once you’ve chaired a committee for six, you’re out and it someone else’s turn. And there’s no back-dooring it. Once you’re done, you’re done. You can’t return to committee member status for a year or two then run for Chair again. They can chair another committee, but not the same one again.

Democrats have no such rules and its at least a part of the reason there’s such a lack of youth in the Dem caucus leadership.

Apply the same question which opened this newsletter to today’s Democrat party leadership — *quick*, name a prominent Democrat, someone with presence on a national level — who’s under 60 years of age. Nancy Pelosi (78), Harry Reid (tho now retired most can name him, 80), Diane Feinstein (84), Chuck Schumer (68), Maxine Waters (80), Elizabeth Warren (70), Bernie Sanders (76 – tho technically an Independent not a Democrat) & the list goes on. All nationally prominent, all 70, 75, 80+ years of age.

Where’s the youth? Blame, at least in part, a lack of (self-imposed) term limits.

Democrats pay their dues early in their careers by carrying the water (i.e. providing necessary votes) and one day ascend to the desired position of Committee Chair, then stay there, …forever.

So what happens often times is younger Democrats win local elections, get to D.C., look up and realize that these old farts aren’t going anyplace! The old guard is from districts in which they can’t be un-elected; they’ve been their for 25 years; been chair for 14; are currently 72 years old meaning they’ll be Committee Chair for at least another 10 or 15 until they retire (if they ever do.) So the young bucks realize, “I’m frozen out.”

For example: Rep. John Conyers, who was forced to (finally) resign in December amid the #MeToo scandal, was born in 1929. Conyers helped draft the presidential articles of impeachment — against Richard Nixon! Conyers first won a seat on the Judiciary Committee in 1965. He first became Chair of the House Oversight Committee in 1989.

Imagine you’re a young lawyer, say 46 years old, a Democrat who just won an election and your dream has been to get to D.C. one day and chair a committee that’s chaired (when Dems are in power) by 70 y/o Elizabeth Warren. You know good & darn well that you’ve no hope of that chairmanship for another 10 or 15 years! What’s that do for your hopes for your future?

You’ve heard of, seen and know Trey Gowdy, Ted Cruz, Marco Rubio, Rand Paul, Tim Scott, and they’re nationally prominent because they get a shot at the top much earlier in their careers and that, at least in part, summarizes why pretty much the only Democrats you see on the nightly news speaking from a podium into a microphone at press conferences are old farts. Nancy Pelosi, Chuch Schumer. That’s just about it.

The situation caused the National Review to write a major piece which it titled “Old-Guard Democrats Refuse to Leave the Stage” sub-title “They’re keeping new leaders from emerging.”

Are term limits a good thing? That debate rages on. But the Capital Hill Republican party took the step of self-imposing them 25 years ago and it cannot be argued that the step has not created some very noticeable separation and differences between the parties.

-A Derrick Wilburn original

 

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