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| Dominique Strauss-Kahn: AFP image |
FauxCapitalist
Exposing Faux Capitalism
Speaking to Triple Crown Charlie (CFR and Trilateral Commission member and Bilderberg attendee) Rose on December 16, 2010, IMF Director Dominique Strauss-Kahn ran cover for failed Euro and IMF interventionist policies.
“I’m a big advocate of the single currency,“
Greater economic integration often leads to greater political integration, as demonstrated by the progression in Europe from the European Coal and Steel Community to the European Economic Community to the European Union and then the Euro.
“and it provides a lot of results.“
Yes, like the 110 billion Euro Greek bailout and the 85 billion Euro Irish bailout.
“CHARLIE ROSE: Can you have austerity and growth at the same time?
DOMINIQUE STRAUSS-KAHN: Well, I would answer no.“
He’s obviously unaware of or deliberately omitting that the U.S. had unprecedented economic growth from 1945-1950, in the face of federal budget cuts of over 50%.
“But the problem in the banking sector is limited to small number of banks. The big banks are safe and so I think it’s manageable.“
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