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Out Of Mind » THE INSANITY OF REALITY » CABAL AGENDA & WORLD DOMINATION » Raise The Debt Ceiling: Rothschild’s IMF Cult Member Christine Lagarde ~ Reminds One Of Charlie Manson’s Patricia Krenwinkel

Raise The Debt Ceiling: Rothschild’s IMF Cult Member Christine Lagarde ~ Reminds One Of Charlie Manson’s Patricia Krenwinkel

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Raise The Debt Ceiling: Rothschild’s IMF Cult Member Christine Lagarde ~ Reminds One Of Charlie Manson’s Patricia Krenwinkel
Posted on October 5, 2013 Updated on October 6, 2013
Patricia Krenwinkel, Charles Manson, Christine Lagarde, & Hidden Mechanic Jacob Rothschild. What is a man doing with $trillions to his own name? Does antitrust come to mind? Jacob Manson & Christine Krenwinkel?
Charlie Manson never stuck a knife in anybody, but he orchestrated it through others. Patricia Krenwinkel’s crimes were among the world’s most notorious.
Reuters:  <- Fully owned & operated by Rothschild.
October 03, 2013
International Monetary Fund chief Christine Lagarde speaks about the upcoming IMF and World Bank meetings, at George Washington University in Washington, October 3, 2013.
WASHINGTON — Failure to raise the U.S. debt ceiling could damage not only the United States but the rest of the global economy, International Monetary Fund {A Rothschild Gimmick} chief Christine Lagarde said on Thursday. 
“It is ‘mission-critical’ that this be resolved as soon as possible,”
she said in a speech in Washington, ahead of the IMF and World Bank annual meetings next week.

OUR CONGRESS HAS BECOME ITSELF TREASONOUS ~ FOR WHAT JOB ARE THEY DOING IF THEY CANNOT STOP ROTHSCHILD’S FED RESERVE FROM INDEBTING US TO OBLIVION USING KEYNESIAN ECONOMICS PRINTING ENDLESS CURRENCY.
Millions Of Americans have been out of work for 27+ weeks, but federal workers are furloughed for 3 days and it’s a national emergency.
Republican and Democratic leaders in the U.S. Congress so far remain at loggerheads over funding the government, keeping hundreds of thousands of federal employees off the job without pay for a third day on Thursday.

Though a government shutdown would do relatively little damage to the world’s largest economy in the short term, global markets could be roiled if Congress also fails to raise the United States’ $16.7 trillion debt limit.
The Treasury has said the United States will exhaust its borrowing authority no later than October 17. If no deal is reached in raising the debt ceiling, analysts expect the U.S. government to run out of cash to pay its bills within weeks of that date.

“If you wait until all your potential problems are solved; then you will never start anything.”  
~ Samuel Adams
Lagarde said growth in the United States has already been hurt by too much fiscal consolidation, and will be below two percent this year before rising by about one percentage point in 2014, assuming political standoffs are resolved.

“A democracy is nothing more than mob rule, where fifty-one percent of the people may take away the rights of the other forty-nine.”
― Thomas Jefferson
The U.S. Congress imposed a so-called sequester, or across the board government spending cuts, earlier this year after failing to agree on a broad budget package.
Hidden Mechanic
Glimmers of optimism
Turning to the rest of the world, Lagarde pointed to signs of progress in the eurozone and Japan, but said transitions to more stable growth may take a while.
She said the eurozone “came up for air” in the spring after six quarters of recession, and the economy should grow almost one percent next year. The currency bloc must address debt-hobbled banks and a fragmented financial system to return to health, she said.
Japan also seems to be having success with its massive monetary stimulus [aka; massive printing of funny money ~ Keynesian mafia economics] to boost the economy out of decades of deflation and lagging growth, boosting GDP by about one percent.
Did Rothschild/Rockefeller anti-antitrust boys come to Japan’s aid with their $trillions?
“Deflation is coming to an end and a newfound optimism is in the air,” Lagarde said, adding that Japan must still implement a credible plan to bring down its debt and reform entitlements.

She said emerging markets have suffered since the [Rothschild] U.S. Federal Reserve announced plans to eventually scale back its own monetary stimulus, which prompted capital outflows as investors bet on higher rates in advanced economies.
Lagarde said the turbulence could reduce GDP in major emerging markets by 0.5 to 1 percentage points.
Monetary policy helped rescue the global economy after the global financial crisis. But as the United States prepares to decrease the pace of its massive bond-buying, it must be aware that its policies affect people and markets around the world, Lagarde said.

‘Special resposibility’
“The U.S. has a special responsibility: to implement normalization in an orderly way, linking it to the pace of recovery and employment; to communicate clearly; and to conduct a dialog with others,” she said.
But Lagarde said the turmoil in the Middle East and North Africa may be the hardest to resolve, and take the most time. Syria is still in the midst of a civil war and Egypt struggles to address its fiscal deficit and structural reforms while dealing with a political transition.
“To succeed, this region needs the unwavering support of the international community,” Lagarde said.
Finally, she called on governments to better work together on reforming the financial sector, calling progress too slow, partly due to divergences among different countries. She pointed in particular to the “danger zone” of shadow banking, or the non-banking sector that can provide credit but is not under formal regulation.
BIS Basel Bank In Switzerland
MORE BULLSHIT: The IMF IS the shadow bank with their cousin BIS Basel.
The Bailout Of Banks Was The Greatest Rip Off In The World.

In the United States, shadow banking is twice the size of the banking sector, and in China half the credit given this year has come from shadow banking, she said.
“Putting this all together in a globalized world is a headache,” Lagarde said about financial regulation. “And yet, it must be done – nothing less than global financial stability depends on it.”
VOANEWS
Rothschild’s Last Lap Dance




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