IMF Head Rape Allegation Has Startling Parallels To World Economy

When New York City police pulled Dominique Strauss-Kahn, president of the International Monetary Fund (IMF) and leading Socialist Party candidate for the presidency of France, who is running ahead of French President Nicolas Sarkozy in the polls, off an international flight yesterday and charged him with rape, I wonder if they realized just how metaphorically appropriate their actions were?

Apparently, a naked Strauss-Kahn grabbed a hotel maid, who entered his hotel room thinking it was empty and dragged her into a bathroom where he, allegedly, forced her to perform oral sex on him. She managed to escape and alerted another hotel employee, who called 911. Meanwhile, Strauss-Kahn made a beeline for the airport to grab a flight to Europe to meet with German Chancellor Angela Merkel about bailing out the Greek government at the expense of the rest of Europe and the world. Talk about irony! The New York Daily News and other leading publications quoted NYPD spokesman Paul Brown as saying, “It looked like he got out of there in a hurry.”

I’ll bet he did!

As soon as I read the news, the parallels to what the IMF proposes to do to the world economy struck me. For those who are unaware, the IMF wants to be the world’s central bank. They’ve proposed the use of Special Drawing Rights (SDR) as a replacement for the dollar as the reserve currency of the world. Certainly, Ben Bernanke’s dollar is doing everything in its power to undermine that role, but there’s also every reason to believe that the IMF would do the exact same thing if they held the role of world reserve currency.

The IMF makes loans to developing countries and countries that are in economic distress, and the source of those loans are “quotas” that are paid into the fund by the various countries of the world, with the largest quota coming from the U.S. government. Of course, the U.S. government, like the other governments that contribute the most money, meet their obligations under the IMF agreement by having their respective central banks monetize their own nations’ debt. The only difference between the IMF and a traditional central bank is that IMF contributions come from governments rather than commercial banks. Otherwise, they follow virtually the same model as central banks with the same, counterproductive consequences.

In other words, the IMF wants to monetarily rape the population of the world, all in the name of “doing good”, the way central banks have done for centuries. Central banks purport to “fix” banking and financial crises by creating mountains of new money out of thin air in order to give them to the banks that got themselves in trouble in the first place. The IMF does the same thing with governments that get themselves in trouble by borrowing more than they can afford to borrow. If the IMF gains the position of being the creators of a world-wide currency based upon SDRs, there is no doubt that they will do what all central banks in history have always done. In the long run, they’ll destroy that currency and debase its value, thereby stealing money from every hard working person world-wide in order to enrich themselves and cover the enormous costs of their “good deed doing”.

Three years ago, Strauss-Kahn was accused of having a fling with a former underling at the Davos international forum, for which he later apologized. I doubt that an apology will be enough in this case to satisfy NYC officials. I know it isn’t enough for me regarding the world economy.

Walt Thiessen

Walt Thiessen

As founder of, I'd like to take this opportunity to welcome you to the website! My purpose with my column is the same as my purpose for the overall website. Libertarian ideas have been generally excluded from the public debate and ridiculed on those rare occasions when they have been included. This must change.

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Walt Thiessen

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