by Tyler Durden
02 April 2016
Board of Governors, IMF
Read this article very
The goal of Technocracy
is to convert the global economic system at the
expense of Capitalism and Free Enterprise, and the
Technocrats at the IMF are doing their best to bring
They are plotting to
destabilize Europe by precipitating a ‘credit event’
in Greece. European Trilateral Commission member and
UN Envoy on Emmigration Policy Peter Sutherland has
stated repeatedly that Sustainable Development
(Technocracy) cannot be successful except in a
Hence, Europe is invaded
by Islamic hordes, quickly leading to
Now the IMF is executing
a pincer movement to finish Europe off. To say that
this is political hardball would be an
One of the recurring concerns involving
Europe's seemingly perpetual economic, financial and social crises,
is that these have been largely predetermined, "scripted" and
This is something the former head of the
Bank of England
admitted one month ago
when Mervyn King said
that Europe's economic depression is the result of
"deliberate" policy choices made by EU elites.
It is also what AIG Banque strategist
Bernard Connolly said back in 2008 when laying out "What
use global issues as excuses to extend its power:
increase control over member countries; advance idea of
excuse for greater control over police and judicial issues;
increase extent of surveillance
global financial crisis:
kill two birds (free market; Anglo-Saxon
economies) with one stone (Europe-wide regulator; attempts
at global financial governance)
EMU: create a
crisis to force introduction of "European economic
This morning we got another confirmation
of how supernational organizations "plan" European crises in advance
to further their goals, when Wikileaks
transcript of a teleconference (WikiLeaks
Transcript 19 March 2016 IMF Teleconference on Greece) that took place on March 19, 2016
between the top two IMF officials in charge of managing the Greek
Poul Thomsen (below left), the head of the
IMF's European Department,
Delia Velkouleskou (below right), the IMF
Mission Chief for Greece
In the transcript, the IMF staffers are
caught on tape planning to tell Germany the organization would
abandon the troika if the IMF and the commission fail to reach an
agreement on Greek debt relief.
More to the point, the IMF
officials say that a
threat of an imminent financial catastrophe
as the Guardian puts
it, is needed to force other players into accepting its measures
such as cutting Greek pensions and working conditions, or as
Bloomberg puts it,
a plan to cause a credit event in Greece and destabilize
According to the leaked conversation,
the IMF - which has been pushing for a debt haircut for Greece ever
since last Augusts' 3rd Greek bailout - believes a credit event as
only thing that could trigger a Greek deal.
The "event" is hinted as
taking place some time around the
June 23 Brexit referendum.
As noted by Bloomberg,
the leak shows
officials linking Greek issue with U.K. referendum risking general
political destabilization in Europe.
The leaked transcript reveals how the
IMF plans to use Greece as a pawn in its ongoing negotiation with
Germany's chancellor in order to achieve the desired Greek debt
reduction which Germany has been pointedly against:
in the leak we
learn about the intention of IMF to threaten German Chancellor
Angela Merkel to force her to accept the IMF's demands at a critical
From the transcript:
don't know. But this is... I think about it differently.
going to bring it all to a decision point? In the past there has
been only one time when the
been made and then that was when they were about to run out of
money seriously and to default. Right?
possibly this is what is going to happen again.
In that case,
it drags on until July, and
clearly the Europeans are not going to have any discussions for
a month before the Brexits and so, at some stage they
will want to take a break and then they want to start again
after the European referendum.
Another possibility is one that I thought would
have happened already and I am surprised that it has not
happened, is that, because of
the refugee situation, they take a decision... that
they want to come to a conclusion. Ok?
And the Germans raise the
issue of the management... and basically we at that time say,
"Look, you Mrs. Merkel you face a question, you have to think
about what is more costly: to go ahead without the IMF, would
the Bundestag say 'The IMF is not on board'?
or to pick the
debt relief that we think that Greece needs in order to keep us
That is really the issue.
agree that we need an event,
but I don't know what that will be.
But I think Dijsselbloem is
trying not to generate an event, but to jump start this
discussion somehow on debt, that essentially is about us being
on board or not at the end of the day.
you know, that discussion of the measures and the discussion of
the debt can go on forever, until some high up...
until they hit the July payment
or until the leaders decide that we need to come to an agreement.
But there is nothing in there that otherwise is going to force a
It is going to go on forever.
The IMF is also shown as continuing to
pull the strings of the Greek government which has so far refused to
compromise on any major reforms, as has been the case since the
Guardian notes, Greek finance minister
Euclid Tsakalotos has
accused the IMF of imposing draconian measures, including on pension
The transcript quotes Velculescu as
"What is interesting though is that
[Greece] did give in… they did give a little bit on both the
income tax reform and on the… both on the tax credit and the
Thomsen's view was that the Greeks,
"are not even getting close [to
coming] around to accept our views".
Velculescu argued that,
"if [the Greek government] get
pressured enough, they would… But they don't have any incentive
and they know that the commission is willing to compromise, so
that is the problem."
Below is Paul Mason's
summary of what is shaping up as the next political scandal.
International Monetary Fund has been caught, red handed,
plotting to stage a "credit event" that forces Greece to the
edge of bankruptcy, using the pretext of the Brexit referendum.
No, this is not the plot of the next
Bond movie. It is the transcript of a teleconference between the
IMF's chief negotiator, Poul Thomsen and Delia Velculescu, head
of the IMF mission to Greece.
Released by Wikileaks, the
discussion took place in Athens just before the IMF walked out
of talks aimed at giving Greece the green light for the next
stage of its bailout.
The situation is: the IMF does not
believe the numbers being used by both Greece and Europe to do
the next stage of the deal. It does not want to take part in the
Meanwhile the EU cannot do the deal without the IMF
because the German parliament won't allow it.
Let me decode.
An "event" is a
financial crisis bringing Greece close to default. Just like
last year, when the banks closed, millions of people faced
economic and psychological catastrophe.
Only this time, the IMF wants to
inflict that catastrophe on a nation holding tens of thousands
of refugees and tasked with one of the most complex and legally
dubious international border policing missions in modern
Greek government is furious:
"we are not going to let the IMF
play with fire," a source told me.
But the issue is out of Greek hands.
In the end, as Thomsen hints in the transcript, only the
European Commission and above all the German government can
decide to honor the terms of the deal it did to bail Greece out
The transcript, though
received with fury and incredulity in Greece, will drop like a
bombshell into the Commission and the ECB. It is they who are
holding E300bn+ of Greek debt.
It is the whole
of Europe, in other words, that the IMF is conspiring to hit
with the shock doctrine.
The Greeks are understandably angry and
As Bloomberg reported earlier,
"Greece wants to know whether
WikiLeaks report regarding IMF anticipating a Greek default at
about the time of the U.K. June 23 referendum on its EU
membership is the fund's official position" government
spokeswoman Olga Gerovasili says Saturday in e-mailed statement.
For its part, an IMF spokesman in e-mail
Saturday said it doesn't,
"comment on leaks or supposed
reports of internal discussions."