DUBLIN — Could it be that the Vampire Squid and its allies have greased the wheels of the International Monetary Fund with sex to foist loans upon sovereign nations while at the same time retaining control of the money?
Former IMF chief Dominique Strauss-Kahn has not been charged with any crime — although media investigations such as that by the Times via the Australian appear to have linked him to prostitutes during trips in which he has guided massive loans to countries including Ireland.
The Irish government will raise its sales tax by 2 percent in an effort to come to grips with its debt crisis. Their problem is much the same as suffered in the United States over the past two years: Massive bank bailouts “demanded” by banks to keep the credit system flowing have been combined with a tight reigning-in of credit, resulting in bank ownership of property by default, the shuttering of small businesses and joblessness.
And we only wondered by an oil and gold producing nation like Ecuador could be billions of dollars in debt.
How much simpler when it was just James Bond vs. Goldfinger.
More on this from Bloomberg.