• Stanley Fischer to head IMF? |
Financial 2011-06-16 |
"Stanley Fischer's decision to enter the race to succeed Dominique Strauss-Kahn as head of the International Monetary Fund was announced over the weekend. Stanley Fischer, the Israeli central bank governor, has challenged Christine Lagarde's ability to run the International Monetary Fund by claiming that his training as an economist made him a superior candidate."
I'm sure that his buddies at the Institute for International Economics and the Group of 30 will be rooting for him.
"The powers of financial capitalism had another far-reaching aim, nothing less than to create a world system of financial control in private hands able to dominate the political system of each country and the economy of the world as a whole. This system was to be controlled in a feudalist fashion by the central banks of the world acting in concert, by secret agreements arrived at in frequent private meetings and conferences."
-- Carroll Quigley, "Tragedy and Hope"
UPDATE: Better luck next time. On 28-Jun, the IMF Board selected Ms. Lagarde as the new Chairman