05/20/2011
Then the international cable channels first reported breaking news of International Monetary Fund (IMF) Chief Dominique Strauss-Kahn’s arrest for alleged sexual assault, my reaction must have been typical of most: Another powerful man caught in a scandalous bind; serves him right. The assumption of guilt was too easy, especially since the IMF and its bureaucrats have the image of being instrumentalities of financial and economic tyranny all over the world.
Then, I had a quick rethink and pulled the reins in, especially when Strauss-Kahn was denied bail and later placed in solitary confinement — virtually incommunicado.
This can look very much like the Monica Lewinsky affair, which prompted Bill Clinton’s bombing of Yugoslavia to divert attention, as well as Eliot Spitzer’s “soft assassination” to stop the then New York governor from completing investigations into finance executives’ and investment bankers’ shenanigans in the run-up to the 2008 Wall Street crash.
I may not have given the news of Strauss-Kahn’s arrest a second thought had it not been for a deeper suspicion that something was fishy. Many of those in the highest echelons of power have proclivities they help each other hide. The shit only hits the fan when something disrupts the harmony.
Strauss-Kahn, like Spitzer, is tackling issues involving the global financial mafia in the European financial crisis. A scandal like this could actually be symbolic of a significant policy rupture within the global power elite. I researched the matter and found two significant articles — the first by Mike Whitney entitled “IMF chief Strauss-Kahn caught in ‘honey trap’” and the second by Michael Bucci, “‘Soft assassinations’: Strauss-Kahn and Eliot Spitzer.”
Strauss-Kahn does have enemies in high places: He is the presumptive front-running candidate of the French Socialist Party, seen to have an edge over the rapidly sinking and unpopular French President Nicolas Sarkozy, caught in his stalemated Libya attack amid worsening domestic economic conditions and workers’ protests.
Sarkozy, known as the candidate of the global oligarchy, is very cozy with the US neo-conservatives who have been pushing the hawkish war agenda on the global stage. Under his watch, they have taken France into two African imbroglios (Libya and Côte d’Ivoire), all for their interlocking defense and oil industries.
At the same time, the Euro currency bloc is in the midst of massive financial and economic readjustments that have instituted traditional monetarist financial and economic measures painful to the working class but extremely beneficial to the banking cartel through multibillion bailouts.
Whitney sees Strauss-Kahn as beginning to redirect the IMF away from this traditional monetarist IMF policy, saying, “…if Strauss-Kahn was set up, then it was probably by members of the western bank(ing) coalition, that shadowy group of self-serving swine whose policies have kept the greater body of humanity in varying state(s) of poverty and desperation for the last two centuries. Strauss-Kahn had recently broke(n)-free from the ‘party line’ and was changing the direction of the IMF. His road to Damascus conversion was championed by progressive economist Joseph Stiglitz in a recent article titled ‘The IMF’s Switch in Time’… (that says) ‘The annual spring meeting of the International Monetary Fund was notable in marking the Fund’s effort to distance itself from its own long-standing tenets on capital controls and labor-market flexibility. It appears that a new IMF has gradually, and cautiously, emerged under the leadership of Dominique Strauss-Kahn.’”
Whitney sums up “Strauss-Kahn (as) trying to move the bank in a more positive direction, a direction that didn’t require that countries leave their economies open to the ravages of foreign capital that moves in swiftly — pushing up prices and creating bubbles — and departs just as fast, leaving behind the scourge of high unemployment, plunging demand, hobbled industries and deep recession. Strauss-Kahn had set out on a ‘kinder and gentler’ path, one that would not force foreign leaders to privatize their state-owned industries or crush their labor unions. Naturally, his actions were not warmly received by the bankers and corporatists who look to the IMF to provide legitimacy to their ongoing plunder of the rest of the world. These are the people who think that the current policies are ‘just fine’ because they produce the results they’re looking for, which is bigger profits for themselves and deeper poverty for everyone else.”
To conclude, Michael Bucci quotes French economist and socialist Jacques Attali: “The most likely outcome is that this case will stick… Even if he pleads not guilty, which he may be, he won’t be able to be (a) candidate for the Socialist primary for the presidency and he won’t be able to stay at the IMF.” Bucci then continues, “But farther behind the curtain might be found investment bankers and international financiers (the Spitzer “soft assassins”). While Messrs. Spitzer and Strauss-Kahn might share a common reprehensible lust, this group (the international financial mafia) represents the world’s top criminals. Like Al Capone and the Chicago mob, they continue to remain immune and prevail, while the audience is glued to sex, money and maids.”
What we are seeing may be an IMF coup in the form of a sex scandal. Reports have it that the detained IMF chief is already under suicide watch (a pretext for you know what). Let’s refocus on the real issues in this L’affaire Strauss-Kahn and wage a campaign to free him if we must. Most importantly, let’s redouble our efforts to rid this world of the menace that is the global financial mafia.
(Tune in to Radyo OpinYon, Monday to Friday, 5 to 6 p.m., and Sulo ng Pilipino, Monday, Wednesday and Friday, 6 to 7 p.m. on 1098AM; Talk News TV with HTL, Tuesday, 8 to 9 p.m., with replay at 11 p.m., on GNN, Destiny Cable Channel 8; visit http://newkatipunero.blogspot.com and http://hermantiulaurel.blogspot.com for our articles plus TV and radio archives)
(Reprinted with permission from Mr. Herman Tiu-Laurel)
Source: The Daily Tribune
URL:
http://www.tribuneonline.org/commentary/20110520com5.html
