French Minister of Economic Affairs Christine Lagarde will officially become the new head of the IMF next month.
With Dominique Strauss-Kahn stepping down in scandal and the world economy in dire straits, what kind of challenges does Largarde face in this changing of the guards?Charlie McGrath of WideAwakeNews.com says Lagarde is coming from “the same old school” as Strauss-Kahn, so people shouldn’t expect a drastic change any time soon. “She is going to work diligently to make sure that austerity reigns throughout Europe,” he says, and he believes that the burden is going to continued to be piled upon the backs of the citizens, not the banks. “The banks are the ones reaping this incredible profit,” says McGrath, and he says nothing will be fixed until the rest of the world takes a lesson from Greece and begins to show their disdain on the streets.McGrath says taxing people indefinitely will guarantee a profit, and until people rise up like they are in Athens then nothing new will change. A default in Greece is a definite, says McGrath, and unless the rest of the globe revolts, America will go bankrupt soon enough and the entire monetary system will become dominated by the IMF.“We are told that things are getting better and we’re going to see growth,” says McGrath, but he argues that the middle class in America is quickly becoming the forgotten class as the banks reap the profits and more and more Americans are left homeless and unemployed. “People are waking up to the fact” that this is the status of the country, he says, but if this current trend continues, things won’t change for the better anytime soon as Lagarde follows all too closely in the steps of DSK that put the world into the mess it is in already.