Monday, December 19, 2016

The people are coming for the elite.

As expected, past crimes have not been forgotten and big names in the elite world will be affected. Today's proof point is that Christine Lagarde, who is currently head of the IMF, was convicted in French court of negligence over an "improper payout".  Since there is no jail time and no fine associated with the ruling, Lagarde essentially got a hand slap over the incident which involved an improper payment of $429 million back in 2008.

What was improper about what she did?  The public is not really told.  But the payee had to repay the money with interest after the public complained about it. 

So this is the way it starts.  Early on, we see justice done in terms of making the people whole but not of punishing the scammers (I can only assume that Lagarde is in trouble over this because she acted with corruption).  So Lagarde gets publicly humiliated but stays out of jail and has no criminal record.  She should be thrilled with this outcome because if she waited 3 more years to settle, the charge would have been fraud or corruption and the herd would settle for nothing less that big time in jail.

The elite think they have gotten away with many past crimes, some of them 10 or 20 years ago or more.  But few have been as careful as the Clintons in tying up loose ends so to speak and this is going to come back to haunt many elite.  Once the people scream loud enough for blood, elite friendships and relationships will be set aside because then it becomes a matter of personal security for those administering the legal actions.  If they don't roll some heads down main street for the crowd to roar at, the crowd will find other ways to make their anger known.

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