IMF Chief Warns Of Riots In Response To Economic Crisis
The IMF knows a thing or two about precipitating financial riots. And Strauus-Kahn knows that announcements of this sort help plant the seed of further destabilization. It’s like Bush and Greenspan warning that the US would enter a depression if the original 700-billion bailout wasn’t passed by Congress – after a career characterized by holding his cards close to his chest when it comes to the minutest morsels of market information, Greenspan just starts musing about massive unemployment? These men tell the truth when it suits their ends.
Paul Watson, Prisonplanet.com
December 17, 2008
Strauss-Kahn says advanced countries would see violent civil unrest if elite continue to exploit financial chaos for their own ends
The head of the International Monetary Fund has warned that advanced nations will be hit by violent civil unrest if the elite continue to restructure the economy around their own interests while looting the taxpayer.
During a speech in Madrid, Dominique Strauss-Kahn said that “social unrest may happen in many countries – including advanced economies” if governments failed to adequately respond to the financial crisis.
“He added that violent protests could break out in countries worldwide if the financial system was not restructured to benefit everyone rather than a small elite,” reports the Guardian.
Strauss-Kahn’s comments echo those of others who have cautioned that civil unrest could arise, specifically in the U.S., as a result of the wholesale looting of the taxpayer and the devaluation of the dollar.
Widely respected trends forecaster Gerald Celente recently told Fox News that by 2012 America will become an undeveloped nation, that there will be a revolution marked by food riots, squatter rebellions, tax revolts and job marches, and that holidays will be more about obtaining food, not gifts.
Back in October, Senator Chris Dodd said that revolution would unfold if banks refused to lend money.
“If it turns out that they are hoarding, you’ll have a revolution on your hands. People will be so livid and furious that their tax money is going to line their pockets instead of doing the right thing. There will be hell to pay,” Dodd told the New York Times.
Last month, leading economist Nouriel Roubini said that food riots would be the ultimate consequence of the Federal Reserve and the Treasury’s current policies.
Riots and demonstrations have gripped normally sedate Iceland following a financial catastrophe that has wiped out half of the krona’s value and put one third of the population at risk of losing their homes and life savings.
Expectations of violent civil unrest have not gone unnoticed by the U.S. Army War College’s Strategic Institute, who recently issued a report warning that the United States may experience massive civil unrest in the wake of a series of crises which it terms “strategic shock.”
The consequence? The necessity to use “military force against hostile groups inside the United States,” according to the report.
Tens of thousands of active duty military personnel returning from Afghanistan and Iraq are set to conduct “homeland patrols” inside the U.S. and their duties will include tackling “civil unrest and crowd control,” according to a Northcom announcement earlier this year.
Source | See Also under Economics: Bank of Canada ready to monetize distressed equities | Canada may backstop ABCP rescue: Flaherty | The ugly spectre of ‘new Keynesianism’ and the self-appointed Guardians | Army ‘Strategic Shock’ Report Says Troops May Be Needed To Quell U.S. Civil Unrest | Federal government, Ontario agree on $3.3B auto bailout package | ‘Outrage’ greets banks’ failure to match rate cut | State to bail out, control US auto industry | Get close to Obama on economy and security, paper says | Financial Times: And now for a world government | Terence Corcoran: It’s Twilight for Detroit and the U.S. economy | Mexico to downsize metal in coins to save a few cents | Automakers seek $6B aid package from Ontario, federal government | Bank of England mulls “nuclear option” of cash injection | Zimbabwe tackles cash shortage amid riots and looting | Icelanders storm central bank in protest | Liberals and NDP sign unprecedented pact; to pursue stimulus, carbon taxes | UN Climate Change Conference open with call for ‘co-operation’ | UK closer to joining euro, EU commission president says | Iceland turns 90 amid economic ruin, currency freeze | TSX drops 600 points, N.Y. also falls | Britain buys control of Royal Bank of Scotland | Iceland inflation soars to 17.1% | Canada in recession: OECD | Maybe we should look at Zimbabwe before trying to print our way out of a money crisis | Britain to introduce massive stimulus package | Obama appoints architects of economic collapse, financial globalism to economic team | Jim Flaherty Urging Greater Federal, International Control over Canadian economy | Citigroup seeks ‘emergency cash’ | Deficits ‘essential,’ Harper says | Harper vows Canada will remain open to international trade | 5 injured during protest in Iceland over economic meltdown | ‘Hard decisions’ needed during economic crisis: throne speech | Paulson, Bernanke defend change of plan: $700-billion now to be given directly to banks | After G20 meeting, Ottawa ready to spend to spark economy | Congress Accuses Federal Reserve Bagman Of Bailout “Bait and Switch” During Angry Hearing | Flaherty eyes sale of Canadian government assets | Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil to $300 | Terence Corcoran: Rescuers pulling market under | U.S. government won’t use bailout fund to buy troubled assets | Ottawa to pour another $50B into mortgage markets | Bank of Canada adds $8B to credit markets | Merrill CEO: Economic Environment Recalls 1929 | Fed Hides Destination Of $2 Trillion In Bailout Money | PM, premiers agree to speed up infrastructure investment | Flaherty lauds Keynesian global ‘economic stimulus’ strategies | Who are the Architects of Economic Collapse? | The Bush gang’s parting gift: a final, frantic looting of public wealth | IMF may need to “print money”, act as “world’s central bank” as crisis spreads | Morgan Chase Exec Brags Bailout Is for Takeovers, Restructuring, Not Lending | Draft letter calls on IMF to play critical role in financial crisis | Ottawa to guarantee interbank lending | More cash needed to save economy: Bernanke | Wall Street banks in $70bn staff payout | German parliament backs bail-out | Regulator says brokers failed on ABCP, sets new guidelines | US Bailout Cost Heads Towards $5 Trillion | Market Euphoria Dissipates | Loonie leaps, then reverses course | $25B credit backstop for banks ‘not a bailout’: Harper | Brown wants ‘global’ bank support | US considers following British example of taking stakes in banks | New World Order: Global co-operation, nationalisation and state intervention – all in one day | TSX closes up 226 points in wild day after rate cuts | Federal Reserve Moves to Monetize Commercial Paper Debts | Stocks recoup some losses after markets hit by panic selling | Star column blames ‘Capitalism’ for market woes, offers false choice: Authoritarianism or Socialism | Bank of Canada greases financial system with $12B in new cash | Stock markets drop despite bailout | Why Paulson’s Plan is a Fraud | Representatives Were Threatened With Martial Law In America Over Bailout Bill | Congress Rejects (First) Bail-Out Plan | Congressman Ron Paul: Bailout Will Destroy Dollar, World Economy | Paul Martin calls for ‘global solution’ | Markets sink as woes spread | UK banking shares plunge as crisis deepens | Congressman Ron Paul Schools Fed Chairman Bernanke on the Bailout Plan | Bailout is “petty cash”, Inflation is the Federal Reserve’s real crime | Private Federal Reserve Makes Power Grab as Bush, McCain Urge Congress to Approve Plan | Canadian Supreme Court refuses to hear appeal in ABCP case | Last major investment banks in U.S. change status | U.S., British market regulators ban short-selling | Next Federal Reserve bank bailout round could cost taxpayers 1$ Trillion Dollars | Bank of Canada piles on in global inflationary swindle | Central banks continue inflating global economy | Central Banks Move to Transfer Wealth from Taxpayers to Banks | Crisis on Wall St. as firms collapse | Goldman-Sachs Alumni Hold Reins of Financial System | Frontrunners emerge in scramble to save another major bank | Lehman Brothers on Verge of Collapse, Wall Street Fears | US Treasury nationalizes Freddie Mae, Fannie Mac | Cities Debate Giving Away Public Infrastructure to Bankers | Court Grants Big Banks Immunity from Lawsuits over Derivatives Losses | Bush Calls for New Highway Tolls, More Private Funding of Roads | US mortgage firm bailout includes rider clause to expand police state: all credit card transactions now to be reported to IRS | Global ‘liberalization’ illusion under threat. Economist calls for world economic regime, Keynesian saviour. Irony? | Federal Reserve cites global stakes in Fannie and Freddie rescue | Financial ’super cop’ role for Fed | What Really Killed Bear Stearns? | Soros points out regulated markets fail to operate on market fundamentals, calls for more regulation | Competition study calls for lowered barriers to foreign ownership, bank mergers | Massive overhaul urged on foreign investment in airlines, media, and banks | Bilderberg Seeks Bank Centralization Agenda | Secretive Bilderberg Group Reverses Policy, Releases Press Release and Attendance List | Banks face “new world order,” consolidation: report
December 22nd, 2008 at 5:36 pm
[...] | See Also under Protest: IMF Chief Warns Of Riots In Response To Economic Crisis | George Bush shoe-thrower ‘too severely beaten’ for court appearance | Greek protesters seek [...]
December 29th, 2008 at 9:20 am
[...] tariff protesters | ‘Greek Syndrome’ is catching as youth take to streets in France, Sweden | IMF Chief Warns Of Riots In Response To Economic Crisis | George Bush shoe-thrower ‘too severely beaten’ for court appearance | Greek protesters seek [...]
December 31st, 2008 at 7:18 pm
[...] tariff protesters | ‘Greek Syndrome’ is catching as youth take to streets in France, Sweden | IMF Chief Warns Of Riots In Response To Economic Crisis | George Bush shoe-thrower ‘too severely beaten’ for court appearance | Greek protesters seek [...]
January 5th, 2009 at 1:11 am
[...] tariff protesters | ‘Greek Syndrome’ is catching as youth take to streets in France, Sweden | IMF Chief Warns Of Riots In Response To Economic Crisis | George Bush shoe-thrower ‘too severely beaten’ for court appearance | Greek protesters seek [...]
January 5th, 2009 at 1:41 am
[...] deficits as deep as $30 billion | Flaherty appoints business leaders to economic advisory council | IMF Chief Warns Of Riots In Response To Economic Crisis | Bank of Canada ready to monetize distressed equities | Canada may backstop ABCP rescue: Flaherty [...]
January 5th, 2009 at 2:20 am
[...] tariff protesters | ‘Greek Syndrome’ is catching as youth take to streets in France, Sweden | IMF Chief Warns Of Riots In Response To Economic Crisis | George Bush shoe-thrower ‘too severely beaten’ for court appearance | Greek protesters seek [...]
January 13th, 2009 at 2:59 pm
[...] deficits as deep as $30 billion | Flaherty appoints business leaders to economic advisory council | IMF Chief Warns Of Riots In Response To Economic Crisis | Bank of Canada ready to monetize distressed equities | Canada may backstop ABCP rescue: Flaherty [...]
January 26th, 2009 at 4:21 pm
[...] Banks won’t say where U.S. bailout money going | UK: Bailiffs get power to use force on debtors | IMF Chief Warns Of Riots In Response To Economic Crisis | Bank of Canada ready to monetize distressed equities | The ugly spectre of ‘new Keynesianism’ [...]
January 28th, 2009 at 1:57 pm
[...] deficits as deep as $30 billion | Flaherty appoints business leaders to economic advisory council | IMF Chief Warns Of Riots In Response To Economic Crisis | Bank of Canada ready to monetize distressed equities | Canada may backstop ABCP rescue: Flaherty [...]
January 28th, 2009 at 5:43 pm
[...] Banks won’t say where U.S. bailout money going | UK: Bailiffs get power to use force on debtors | IMF Chief Warns Of Riots In Response To Economic Crisis | Bank of Canada ready to monetize distressed equities | The ugly spectre of ‘new Keynesianism’ [...]
January 29th, 2009 at 12:09 pm
[...] deficits as deep as $30 billion | Flaherty appoints business leaders to economic advisory council | IMF Chief Warns Of Riots In Response To Economic Crisis | Bank of Canada ready to monetize distressed equities | Canada may backstop ABCP rescue: Flaherty [...]
January 29th, 2009 at 1:22 pm
[...] deficits as deep as $30 billion | Flaherty appoints business leaders to economic advisory council | IMF Chief Warns Of Riots In Response To Economic Crisis | Bank of Canada ready to monetize distressed equities | Canada may backstop ABCP rescue: Flaherty [...]
February 1st, 2009 at 1:11 pm
[...] tariff protesters | ‘Greek Syndrome’ is catching as youth take to streets in France, Sweden | IMF Chief Warns Of Riots In Response To Economic Crisis | George Bush shoe-thrower ‘too severely beaten’ for court appearance | Greek protesters seek [...]
February 2nd, 2009 at 11:05 am
[...] tariff protesters | ‘Greek Syndrome’ is catching as youth take to streets in France, Sweden | IMF Chief Warns Of Riots In Response To Economic Crisis | George Bush shoe-thrower ‘too severely beaten’ for court appearance | Greek protesters seek [...]
February 4th, 2009 at 9:14 pm
[...] deficits as deep as $30 billion | Flaherty appoints business leaders to economic advisory council | IMF Chief Warns Of Riots In Response To Economic Crisis | Bank of Canada ready to monetize distressed equities | Canada may backstop ABCP rescue: Flaherty [...]
February 10th, 2009 at 11:21 am
[...] deficits as deep as $30 billion | Flaherty appoints business leaders to economic advisory council | IMF Chief Warns Of Riots In Response To Economic Crisis | Bank of Canada ready to monetize distressed equities | Canada may backstop ABCP rescue: Flaherty [...]
February 16th, 2009 at 12:32 pm
[...] deficits as deep as $30 billion | Flaherty appoints business leaders to economic advisory council | IMF Chief Warns Of Riots In Response To Economic Crisis | Bank of Canada ready to monetize distressed equities | Canada may backstop ABCP rescue: Flaherty [...]
February 19th, 2009 at 12:23 pm
[...] tariff protesters | ‘Greek Syndrome’ is catching as youth take to streets in France, Sweden | IMF Chief Warns Of Riots In Response To Economic Crisis | George Bush shoe-thrower ‘too severely beaten’ for court appearance | Greek protesters seek [...]
February 19th, 2009 at 1:26 pm
[...] System Out Of World Crises | Flaherty appoints business leaders to economic advisory council | IMF Chief Warns Of Riots In Response To Economic Crisis | The ugly spectre of ‘new Keynesianism’ and the self-appointed Guardians | UK Environment [...]
February 20th, 2009 at 2:08 am
[...] deficits as deep as $30 billion | Flaherty appoints business leaders to economic advisory council | IMF Chief Warns Of Riots In Response To Economic Crisis | Bank of Canada ready to monetize distressed equities | Canada may backstop ABCP rescue: Flaherty [...]
February 22nd, 2009 at 10:22 am
[...] deficits as deep as $30 billion | Flaherty appoints business leaders to economic advisory council | IMF Chief Warns Of Riots In Response To Economic Crisis | Bank of Canada ready to monetize distressed equities | Canada may backstop ABCP rescue: Flaherty [...]
March 1st, 2009 at 3:34 am
[...] deficits as deep as $30 billion | Flaherty appoints business leaders to economic advisory council | IMF Chief Warns Of Riots In Response To Economic Crisis | Bank of Canada ready to monetize distressed equities | Canada may backstop ABCP rescue: Flaherty [...]
March 20th, 2009 at 9:30 am
[...] Banks won’t say where U.S. bailout money going | UK: Bailiffs get power to use force on debtors | IMF Chief Warns Of Riots In Response To Economic Crisis | Bank of Canada ready to monetize distressed equities | The ugly spectre of ‘new Keynesianism’ [...]
March 23rd, 2009 at 6:42 am
[...] Flashback: IMF Chief Warns Of Riots In Response To Economic Crisis [...]
March 25th, 2009 at 1:09 am
[...] deficits as deep as $30 billion | Flaherty appoints business leaders to economic advisory council | IMF Chief Warns Of Riots In Response To Economic Crisis | Bank of Canada ready to monetize distressed equities | Canada may backstop ABCP rescue: Flaherty [...]
March 26th, 2009 at 2:59 pm
[...] Banks won’t say where U.S. bailout money going | UK: Bailiffs get power to use force on debtors | IMF Chief Warns Of Riots In Response To Economic Crisis | Bank of Canada ready to monetize distressed equities | The ugly spectre of ‘new Keynesianism’ [...]
April 4th, 2009 at 4:52 am
[...] tariff protesters | ‘Greek Syndrome’ is catching as youth take to streets in France, Sweden | IMF Chief Warns Of Riots In Response To Economic Crisis | George Bush shoe-thrower ‘too severely beaten’ for court appearance | Greek protesters seek [...]
April 11th, 2009 at 9:21 am
[...] tariff protesters | ‘Greek Syndrome’ is catching as youth take to streets in France, Sweden | IMF Chief Warns Of Riots In Response To Economic Crisis | George Bush shoe-thrower ‘too severely beaten’ for court appearance | Greek protesters seek [...]
April 11th, 2009 at 10:25 am
[...] Lawyers slam CSIS on phone recordings | CSIS monitoring calls between suspects and their lawyers | IMF Chief Warns Of Riots In Response To Economic Crisis | Greek protesters seek European support | Anti-government riots subside, general strike shuts down [...]
February 21st, 2010 at 7:46 am
[...] Lawyers slam CSIS on phone recordings | CSIS monitoring calls between suspects and their lawyers | IMF Chief Warns Of Riots In Response To Economic Crisis | Greek protesters seek European support | Anti-government riots subside, general strike shuts down [...]
March 22nd, 2010 at 9:35 am
[...] deficits as deep as $30 billion | Flaherty appoints business leaders to economic advisory council | IMF Chief Warns Of Riots In Response To Economic Crisis | Bank of Canada ready to monetize distressed equities | Canada may backstop ABCP rescue: Flaherty [...]