IMF Badmouths The Dollar In
Open Attack On American Middle Class
As part of
broader elitist strategy to lower living
standards and create two-caste Chinese model
Paul Joseph Watson
Prison Planet
Friday, October 19, 2007
Mirroring recent rhetoric from Alan
Greenspan, Ben Bernanke and Henry Paulson,
the IMF has publicly badmouthed the dollar,
claiming it is "overvalued" despite the fact
it has lost over half of its value against
the Euro since 2001, and predicts its plunge
as part of a broader strategy to sink the
American middle class.
Countering the pleas of the French and other
eurozone countries, who have been forced to
beg Bernanke to restore some trust in the
greenback as EU exports begin to feel the
bite, the IMF has openly and
enthusiastically given the green light for
traders to continue to sell the dollar.
"The Fund thinks that the US current account
deficit will remain close to 1.5 per cent of
world output until 2012, raising the
likelihood of a disorderly plunge in the
dollar and protectionism growing over the
next few years,"
reports the Financial Times.
In their World Economic Outlook
brief, the IMF brazenly states
that the agenda in continually
badmouthing the dollar is to
exalt the Chinese Renminbi in
order to contribute to "a
necessary rebalancing of demand
and to an orderly unwinding of
global imbalances."
In layman's terms, this means lowering the
living standards of the American middle
class by tanking the dollar and
sending oil prices skyrocketing towards
$200, as part of the "post-industrial
revolution" agreed upon by the
Bilderberg Group. This would eviscerate the
middle class and create a two-caste system
based upon the Chinese model, where the
super-rich live in opulence and the rest of
the population are forced to struggle on the
poverty line.
With the effects of the credit crunch
hitting more and more lower level lenders,
it is clear to see that the fallout is
spreading and propagating a general decline.
We are seeing the unfolding of an overall
meltdown that represents a gutting of the
United States by neo-mercantilist
institutions bent on the formation of a new
global monopoly.
The ceaseless bad-mouthing of the dollar in
public is clearly part of an orchestrated
move to destroy the U.S. economy and pave
the way for the Euro to become the world's
reserve currency, eventually heralding the
birth of the Amero - the currency of the
North American Union.
Former Fed Chairman Alan Greenspan has also
been active trashing the greenback over the
last two months, in September
stating that the Euro would replace the
dollar as the global reserve currency of
choice.
Also last month, Congressman Ron Paul
slammed Federal Reserve Chairman Ben
Bernanke for deliberately depreciating the
value of the dollar to artificially bail out
Wall Street while poor and middle class
people lose their homes and have their
living standards lowered (watch below).
