The Managing Director of the International Monetary Fund (IMF), Christine Lagarde, said today that the real heroes of the economic crisis that erupted in 2008 are not heads of state and finance ministers but central bankers.

“Who have been heroes since the crisis began,” said Lagarde to start a two-day seminar on macroeconomic policies at the headquarters of the International Monetary Fund and in the framework of the joint spring meeting with the World Bank held this week in Washington.

“I recognize some in this room,” said the head of the Fund, who insisted that “the heroes are not the heads of state and finance ministers,” but the heads of the central banks around the world.

The meeting is attended, among others, by the governor of the Bank of England, Mervyn King, the head of the central bank of Israel, Stanley Fischer and the Bank of Mexico Governor Agustin Carstens.

The head of the IMF today praised them for implementing “unconventional” monetary policy, that, she said, has helped to overcome the worst of the crisis, especially in advanced economies.

Lagarde invited seminar attendees to question existing theories and to continue with the exercise of “consideration and reconsideration” that began after the outbreak of the crisis.

She said that the present moment is a major challenge to a whole generation, to “rethink, re-imagine and try to return economies to work together, not just a section or part of the world, but the world as a whole.”

The IMF Director said attendees should focus on several areas that require knowledge and experience.

She referred in this regard, to macroeconomic policies, the crisis in the eurozone, monetary policy, fiscal policy and how to respond to financial crises.

In recent years, Lagarde said, it has been “extremely difficult” to amend the financial crises.

She said, before a mostly male audience, that “when it is not clear what the results will be and how to fix the mess” women are better able to find a solution.

Of course this discourse is full of lies. Bankers, along with governments, are the responsible parties of the current global financial crisis. That has been proven many times. A completely interconnected world is more vulnerable to systemic collapse, and that interconnectedness was created by the global financial institutions that control the world.

Recently, a group of researchers studied how the world’s interconnectedness has truly handed over the control of the global economy to as few as 146 individuals, entities and governments, and how their decisions directly affect the stability of the global economic system. One curious finding about how a corporate global network controls it all, is that the data utilized to determine how much influence a few corporations exercise over the rest of us, has been available for years, but no study had been conducted to find what they found.

“The direct relation between ownership networks and control is such, that it is possible to discover who are the key players, how much influence do they exercise, whether they operate alone or in combination with other key players, and what is the overall distribution of control. These relationships ultimately reveal who truly controls the world,” the study concluded.

Read the complete study titled The Network of Global Corporate Control, here.

Ms. Lagarde’s comments on how the people and the governments are to blame for the crisis and how the bankers are the heroes is nothing more than grandstanding as the bankers she works for congratulate themselves for confiscating the resources of nation states who they themselves have called outdated.

A few samples of what the bankers really think about the rest of us.

“The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and born in sin. Bankers own the earth. Take it away from them, but leave them the power to create money and control credit, and with the flick of a pen, they will create enough money to buy it back again. Take this great power away from the bankers and all the great fortunes like mine will disappear, and they ought to disappear, for this would be a better and happier world to live in. But if you want to continue the slaves of bankers and pay the cost of your own slavery, let them continue to create money and to control credit.”

Sir Josiah Stamp, Director and President of the Bank of England during the 1920’s

“Today, America would be outraged if U.N. troops entered Los Angeles to restore order [referring to the 1991 LA Riot]. Tomorrow they will be grateful! This is especially true if they were told that there were an outside threat from beyond [i.e., an “extraterrestrial” invasion], whether real or promulgated, that threatened our very existence. It is then that all peoples of the world will plead to deliver them from this evil. The one thing every man fears is the unknown. When presented with this scenario, individual rights will be willingly relinquished for the guarantee of their well-being granted to them by the World Government.”

Dr. Henry Kissinger, Bilderberger Conference, Evians, France, 1991

In searching for a new enemy to unite us, we came up with the idea that pollution, the threat of global warming, water shortages, famine and the like would fit the bill. In their totality and in their interactions these phenomena do constitute a common threat with demands the solidarity of all peoples. But in designating them as the enemy, we fall into the trap about which we have already warned namely mistaking systems for causes. All these dangers are caused by human intervention and it is only through changed attitudes and behaviour that they can be overcome. The real enemy, then, is humanity itself.”

“The First Global Revolution”, A Report by the Council of the Club of Rome by Alexander King and Bertrand Schneider 1991.

“We are grateful to The Washington Post, The New York Times, Time Magazine and other great publications whose directors have attended our meetings and respected their promises of discretion for almost forty years. It would have been impossible for us to develop our plan for the world if we had been subject to the bright lights of publicity during those years. But, the work is now much more sophisticated and prepared to march towards a world government. The supranational sovereignty of an intellectual elite and world bankers is surely preferable to the national autodetermination practiced in past centuries.”

David Rockefeller, founder of the Trilateral Commission, in an address to a meeting of The Trilateral Commission, in June, 1991.

“We shall have world government whether or not you like it, by conquest or consent.”

Statement by Council on Foreign Relations (CFR) member James Warburg to The Senate Foreign Relations Committee on February 17th, 1950

“The Trilateral Commission is intended to be the vehicle for multinational consolidation of the commercial and banking interests by seizing control of the political government of the United States. The Trilateral Commission represents a skillful, coordinated effort to seize control and consolidate the four centers of power political, monetary, intellectual and ecclesiastical. What the Trilateral Commission intends is to create a worldwide economic power superior to the political governments of the nationstates involved. As managers and creators of the system, they will rule the future.”

U.S. Senator Barry Goldwater in his 1964 book: With No Apologies

“The New World Order will have to be built from the bottom up rather than from the top down…but in the end run around national sovereignty, eroding it piece by piece will accomplish much more than the old fashioned frontal assault.”

CFR member Richard Gardner, writing in the April 1974 issue of the CFR’s journal, Foreign Affairs.

“This is a terrible thing to say. In order to stabilize world population, we must eliminate 350,000 people per day. It is a horrible thing to say, but it’s just as bad not to say it.””

Jacques Cousteau in an interview with the UNESCO Courier for November 1991



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