By now, everyone knows that Dominique Strauss-Kahn, the head of the IMF, was hauled off an Air France flight two minutes before it was due to take off, and taken into custody by the NYPD.
Why? The US cover story is that he allegedly forced or attempted to force a maid at the Sofitel hotel in Manhattan to perform oral sex on him. The real story behind his detainment has to do with the US economy – the bankruptcy of the United States of America.
United States' bankruptcy clock
On Monday evening, May 16, 2011 the Obama government reached and crashed through the $14.29 trillion debt ceiling.
What is the debt ceiling? Thedebt ceiling is simply a cap on how much money the US federal government can owe.
For instance, if the debt ceiling was set at $14.29 trillion, then the US government would be forbidden from incurring a total public debt load of over $14.29 trillion.
This $14.29 trillion number includes both public debt (money that is owed to individual investors, foreign governments, pension funds, etc) and intragovernmental holdings (money that is owed to various government programs).
On the weekend (May 14 and 15, 2011) prior to this historic event the US government and the IMF chief were engaged in behind closed doors negotiations for an IMF financial bailout of the US government. IMF chief Dominique Strauss-Kahn, a French citizen and political opponent of French president Nicolas Sarkozy for the French presidency, was in the US for this meeting.
The Obama government failed to secure funds from the IMF chief. In retaliation the US government immediately launched a pre-planned smear campaign against the IMF – IMF head Dominique Strauss-Kahn.
As Dominique Strauss-Kahn is a French citizen and a foreign diplomat the US government had to act quickly to snatch him and hold him hostage before he left the United States.
Why? Diplomatic immunity. The forced removal of IMF chief Dominique Strauss-Kahn from an Air France plane (Air France is the French flag carrier) violated international law as the IMF chief is a foreign diplomat (a politician from France who was running against Nicolas Sarkozy for the French presidency) and has diplomatic immunity.
Diplomatic immunity is a principle of international law by which certain foreign government officials are not subject to the jurisdiction of local courts and other authorities.
The Vienna Convention on Diplomatic Relations of 1961 and the Vienna Convention on Consular Relations of 1963 codified most modern diplomatic and consular practices, including diplomatic immunity.
The US government is as of Monday May 16, 2011 bankrupt. The IMF was the US government’s last hope. Countries contribute to an IMF controlled pool which could be borrowed from, on a temporary basis, by countries with payment imbalances. As of June 2009, the International Monetary Fund held 3,217 tonnes (103.4 million oz.) of gold.
In the past the IMF offered loans with varying levels of conditionality – mainly to poorer countries. The IMF wasn’t formed to loan money to rich countries like the United States. On the weekend prior to Monday, May 16, 2011 (when the Obama government reached and crashed through the $14.29 trillion debt ceiling limit) the Obama government attempted but failed to negotiate an IMF loan.
Why did IMF chief, Dominique Strauss-Kahn decline the US government’s loan request? A good banker wouldn’t loan any amount of money to any person, company or country who couldn’t repay it – especially when bankruptcy is inevitable.
So to distract the American public from the historic event of May 16, 2011 – when the US government crashed through the debt ceiling limit of $14.29 trillion – the US government, with the support of Libyan war of aggression ally French president Nicolas Sarkozy, illegally seized IMF chief and French diplomat Dominique Strauss-Kahn on US soil and is holding him hostage until the IMF pays the US government a ransom for his release.
False arrest of IMF chief linked to French presidential race
Why is French president Nicolas Sarkozy cooperating with the United States government? IMF chief Dominique Strauss-Kahn was running against Sarkozy for the French presidency.
Polls in France revealed that Sarkozy would lose the presidency as Dominique Strauss-Kahn was the favorite to become the next president of France.
In March of 2001 Sarkozy saw his presidency coming to an end as Sarkozy’s approval ratings fell to an all-time low of 22 percent. With the seizure of IMF chief and political opponent on US soil things are looking better for Libyan war criminal Nicolas Sarkozy.