What is the real reason IMF's Lagarde is spouting off in the media?

Discussion in 'Markets & Economies' started by JulieW, May 26, 2012.

  1. JulieW

    JulieW Well-Known Member Silver Stacker

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    What do you think about the latest pronouncements from Christine Lagarde on Greece and Austerity.

    What is the game being played here. Is this just another layer of publicity to blitz the Greek population into buckling under the Austerity push, or is there another target here?
    (leaving aside the total irony of her talking of tax avoidance btw).

    Something is nagging me about the intent here. Not looking for conspiracies, just the thinking behind this figurehead hitting the press with this approach.

    http://www.guardian.co.uk/world/2012/may/25/payback-time-lagarde-greeks

     
  2. projack

    projack Well-Known Member Silver Stacker

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    What happened?
    Just a few weeks ago Lagarde, looked at Greece and declared "economic spring is in the air".
     
  3. errol43

    errol43 New Member Silver Stacker

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    Lagarde has no regard for the poor people of Greece who have been made that way by their own politicians and bankers as well as the international banks who lent them let the money in the first place.

    Now people like her put the blame on people who don't know one end of a financial report than from a roll of toilet paper.

    I feel sure that the Greek people will be helped by their Greek descendants in Melbourne and Sydney.

    Lagarde's day of reckoning will surely come soon to her country of birth, then and only then will we see what she has to say about the Bankers of London and New York.

    Regards Errol 43
     
  4. JulieW

    JulieW Well-Known Member Silver Stacker

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    Well it looks like Citgroup has decided the two options:

    (I have found a new word to detest: 'grexit'. What is wrong with these people !!)
    (p.s. has anyone else noticed Lagarde's resemblance to 'Tanning Lady')
     
  5. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    I think its (finally) come to the point where people are prepared to be blunt about the Greek situation - the country is buggered because the Greeks want a whole bunch of stuff without being prepared to pay for it themselves.

    And she's quite right to point out that the IMF could be using it's resources to help alleviate extreme poverty in Africa but instead they're spending vast amounts of time, effort and money propping up a developed, Western nation that seems to think the rest of the world owes it a living.

    It is also a bit of a misnomer to talk about the "anti-bailout" movement in Greece when in actual fact it's the "pro-no-strings-attached bailout" movement.

    What they're essentially saying is "We can't pay our bills but we don't want the people who are prepared to loan us money anyway to tell us how to budget properly. We've, like, totally learned our lesson and we're sooo going to crack down an corruption and tax avoidance and stuff and, in fact, we're going to do all that so well that we're ready to start growing heaps and heaps...we just need some money to kick things off so really it's a fantastic investment opportunity."

    I've heard drunks in bars make better pitches than that.
     
  6. CriticalSilver

    CriticalSilver New Member Silver Stacker

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    I feel she is saying a few things here:

    1) Debts aren't yet due in sub-Saharan Africa;
    2) If she lets Greece off the hook, then she won't be able to collect on the African debt impoverishment, so she must prosecute the Greece situation;
    3) She wants parents to prioritise the Greece debt repayment over the feeding and welfare of their children and to stop complaining and be good little debt slaves.

    As if Greek parents are to blame for anything! But that's the push, privatised profits from the cronyism and fraud that led to this situation and then socialise the losses onto the impoverished families that suffer through their distance from power.

    What you are noticing in these comments is her admission of the who the targets are for the agenda she represents. She has admitted she is a vampire sucking on the lifeblood of the innocent parents and by extension the children of Greece.
     
  7. CriticalSilver

    CriticalSilver New Member Silver Stacker

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  8. Water&Food

    Water&Food New Member

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    come on people surely you cant be that blind gosh im a troll and can see

    imf = play the game or else

    what christine lagarde is really saying is, if you dont play game you end up fkt up like africa homez you DIG? disequilibrium 4eva g-up innit yo DIG?

    ^^^Translate; hey greece, i want you to look at the poor africans (that us IMF fkrs fkt up via tunnel corruption), see, we 'feel' more sympathy for them (i.e. this will happen to you IF you don't play along and submit).

    Now, some of you may be pondering, eh, greece is already screwed yo wassup with yo crap W&F?.
    Well, even though Greece is suffering, it can get far more worse if they refuse 'austerity' (i.e. the Greek Government refuses to turn Greece into a Police State).

    Refusal is dire. Greece is dammed if do and dammed if don't. Rock in a hard place. They are better off just losing their sovereign identity and get swallowed up by Germany or interested bidders then to exit and end up like post Cuba Missile Crisis or Nigeria. Trade Sanctions for a nation that has little infrastructure and agriculture will not survive long before 'Allies' decide to invade over some fabricated 'Terrorist' activity.

    :|

    Proudly bought to you by, WASSUP
     
  9. Water&Food

    Water&Food New Member

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    Greek Agriculture is not that tantalizing You can only get so far eating cotton, olives, tobacco.

    Greece only 'owns' their Territorial waters, at most 12 nautical miles from baseline, but Greece only owns 6 nmi in Aegean Sea, 10nmi for aviation, If they fish passed that they risk invasion, and a big whoops.

    Wiki - Greece Agriculture and fishery
    .
    Sorry, I ranted away. :(
    .
     
  10. JulieW

    JulieW Well-Known Member Silver Stacker

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    And she is not the only extremely high paid and coddled supposed public servant with her snout stuck firmly in the trough. The unelected EU scum along with the IMF scum will be amongst the first up against the wall come the big cleansing of the world's finance systems.

    This is nothing more than a court system with royalty and largesse to those who fawn upon them. If you want a gravy train ride get yourself into the UN in some capacity. No work, lots of meetings you get paid extra to attend, and all you have to do is suck up to the right baron or countess.

    No wonder Rudd lobbied so hard to get in to the inner circle.
     
  11. Guest

    Guest Guest

    What a cold hearted bitch. Who doesn't have sympathy for families forced to give up their children..... I'll tell you who, demon dragons with black hearts.

    That woman had the energy of an old fart and who the f*** is the IMF anyway? Who appointed them and where do they get their money.

    Scum globalists will have their day when the public rises up like an angry mob out of the Simpsons.


    ---end of rant---
     
  12. Guest

    Guest Guest

    It's quite unbelievable I basically disagree with all of your posts. I'm sure you think the IMF, European union, and the UN are respectable organizations.
     
  13. CriticalSilver

    CriticalSilver New Member Silver Stacker

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    Geez, those sort of entitlements are just completely inconceivable to most people. How do they fund themselves? No wonder they have such a burning need to introduce global taxes, like for co2.
     
  14. Water&Food

    Water&Food New Member

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  15. mmm....shiney!

    mmm....shiney! Administrator Staff Member Silver Stacker

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    Did you know that certain member countries have voting rights on the IMF? The IMF has what is known as a requirement for a "super majority" to get anything passed. That means for a motion to be passed, it must get 85% of the member votes. Since the formation of the IMF, the USA's vote has always been worth more than 15%.

    It has the right of veto and is the only country able to exercise that power.

    Nice to know. :)
     
  16. Caleigh Murray

    Caleigh Murray New Member

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    It is very important for poor students to have education grants. By this, they can continue their study.
    I wonder, how become the largest borrower of 2012. :O
     
  17. boston

    boston Well-Known Member Silver Stacker

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    That you Mach?
     
  18. GoldenEgg

    GoldenEgg Member

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    LaGarde has lost any credibility she may have had in the eyes of the public when it was revealed she does not pay any income tax despite earning 500,000 per year.Talk all she wants , no one is listening anymore.
     
  19. Dogmatix

    Dogmatix Active Member

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    1) I concur. People should stop bastardising a perfectly good language with pointless nicknames, abbreviations and intentional mispellings.
    2) I concur also, haha.
     
  20. Big A.D.

    Big A.D. Well-Known Member Silver Stacker

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    Presumably Australian Defence Force personnel serving overseas also have no credibility because they don't pay tax either...
     

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