Okay, this one ladies and gents is truly unbelievable. I really think that they
are laughing at us now and I tell you what has been announced today. I don't
even think some of you are going to even believe this. So let me start with a
little bit of context otherwise I don't want to ruin the surprise right away. Let
me give you some context before I tell you what has just been announced
because craziness. Okay so do you remember when Christine Lagarde was convicted
and I don't mean accused I mean convicted by a court and she didn't she got
away with it basically so she was the IMF chief back then so she got away with
it. Here we go. The French court convicted the head of the IMF the
National Monetary Fund and she was a former government minister who faced a
15,000 euro fine and up to a year in prison but it decided she should not be
punished and that the conviction would not even constitute a criminal record and
the IMF gave her its full support. Yes so nothing actually happened I mean this
was back in 2016 here so she kept the job convicted but kept her job massive
massive payment for her her work so this was all the headlines you know she was
supposed to get a year in jail and a big fine but didn't get any punishment.
Okay so there you go a little bit of context there then well let's go over
and see what's just happened. Lagarde in hot water over additional salary so she
has broken the law yet again and there's even more I don't want to ruin all of
this but there's even more to this story as well so let's have a look at this
then. Well the ECB president so she was IMF now ECB is facing backlash after
disclosing she earns over 140,000 euros a year as a board member for the BIS Bank
for International Settlements. It's like musical chairs it really is with these
finance circles so the policy bans regular staff from accepting third
party payments and it's actually said by one of her staffers that she was
aware of this and well she just didn't care so she knew they reminded her she
couldn't take these payments but she's been taking them anyway so she received
142,700 euros from the BIS last year and hold on we've got some more so they've
the ECB workers have called out the dishonesty of this double salary one
employee bluntly posted preach water drink wine yes indeed I think we all
know this anyway so I stated in the rulebook if regular employees are offered
outside compensation for their duties that money has to be handed over must be
handed over to the ECB. The chairman of the Federal Reserve and the governor of
the Bank of England both do not claim the BIS salary but of course Lagarde
does. I thought this was interesting with her combined income streams
Lagarde is currently the highest paid official in the European Union taking
home three quarters of a million million euros in say now we I had a quick look
at her net worth it's anywhere from 10 to 12 million dollars as high as 15
million dollars not bad not bad at all for a person that is a civil civil
servant in effect a servant of the people of course and just a quick one if
you're not subscribed to the channel here please do that really easy just takes
a second completely free I bring you finance geopolitical news on a regular
basis so the other thing I wanted to talk about them oh and also just real
quick before we go on to the next the big story the breaking news of
today which I thought was very interesting another quick one if you
haven't got the free guide that I've made for you on gold and silver you can
download that you'll find the link in the description completely free PDF
download so you can grab that as well okay so now let's talk about the
breaking news then where is it okay actually there's two pieces there's
two piece of big news I've got to give you so the first one is out of the FT
we'll get on to the massages I think is the best way to describe it in a minute
and now everyone's like oh I was about to click off I won't I want to hear about
these massages so let me tell you the news out of the FT financial times so
even though she was convicted and she has just had you know this whole
situation take place she's now broken the law again well the next thing is she's
now looking to be moved to run the World Economic Forum this is not a joke
this is absolutely true they have got her lined up to run the W E F it's
between her and Larry think so they've said it's not a foregone conclusion
but everyone is saying it's going to happen basically so she's going to be
stepping down early as the ECB president and she's currently a member of its
governing board the W E F I was not aware of that that was not made public
that she was also a board member at the W E F so there's more to this as well
so there's I mean how do you even begin to impact this story that is so much going
on here so she's head she's on all of these boards right throughout the world
IMF BIS ECB and now she's got and W E F this is a little bit suspicious don't
you think so it now sort of we now understand why there was a she was
convicted but didn't it makes no sense convicted but nothing at all happened
it's absolutely bizarre and baffling so what else does it say then Larry
think the black rock chief is saying that he's also looking to take on this
position so it's between her and him at the moment the timing of the
transition is uncertain while she is set to stand down very soon from the ECB
Lagarde met Schwab in Frankfurt in April now this is interesting last year and
discuss cutting her ECB term short to facilitate a move to the W E F and I
was wondering about that and I was thinking about that and then days after
the Frankfurt meeting what a surprise they asked her to come in for this
meeting and just days later what happened well
Klaus stood down over these allegations and that's where the massage has come in
but we'll come to that in a moment but I thought this was interesting when I was
reading through all the documentation it said an investigation concluded
it concluded in August and found no material wrongdoing by the Davos
founder well of course there's going to be no wrongdoing found why on earth would an
internal investigation of the founder find anything of value it really wouldn't
of course of course it's like who guards the guards their course that their own
investigation is going to find nothing at all and I know I look tired I'm
absolutely jet lagged I've just got back to the island by the way ladies and
gents if you're you're wondering I am back on the island indeed right the next
one then this was the big news this has only come out in the last few hours
there so the W E F he's the boss he's the CEO and the president that took over
remember he's now quit after a review of these links you can't even say this
word on YouTube or you'll be demonetized so I've gotta sort of use keywords here as
it were so they've said they've done a review into his links and found there
were no concerns at all so they've done again an internal review or what a
what a surprise an internal review found absolutely nothing isn't that a
coincidence that their internal review they said that now I actually did my own
investigation of course using grok and grok told me all sorts of things that this
BBC article seems to gloss over what a surprise BBC didn't tell you the full
details here so they said that he was just named in the files there's no
you know there's nothing to indicate any wrongdoing he's not been accused of any
wrongdoing etc well if you look on grok it actually says that he attended some
meetings not just one meeting but three meetings so what it sort of tells you
when they say there was no wrongdoing there was just I don't even know why
he was mentioned well there's a reason he was mentioned he met with the
man in question three times had meetings and things like that so why would you
just resign it doesn't make any sense why would you just resign for no reason so
I think there's where the smoke this fire now that I thought this was
interesting just to remind you what happened before so Clash was actually
kicked out basically and they didn't their own I think basically what
happened was he was kicked out of his own forum because if it's your like if he's
your forum you established it you've been running it and doing it all for years
why out of nowhere would they just be this this coup basically it didn't
really make sense and then when you dig into it properly you can see what
was actually happening so there's a lot of stuff going on with him and his
wife really controlling the forum and I think there was probably just an
internal coup someone else wanted to get him out so again I was reading through
the articles about what he did or what he didn't do and it's very very clear that
certain things but the one thing that made me laugh when I was reading it let
me pull this up where was it I think it might be on this article here let's
find it okay here it is there were massages so they launched an
another internal investigation of course so he was manipulating research well no
surprise there I think we know that using company funds to pay for massages
okay I won't read too much into that and asking junior staff to withdraw
thousands of dollars on his behalf now this was the other interesting thing so
this was a property that was owned by the forum wasn't owned by Clash and
his wife was actually owned by the forum but it said that they kept where is it
here so his wife who used to work at the forum said that they had token meetings
using WEF money to justify luxury travel at the forums expense and also that she
may she maintained tight control over the use of Villa Monday a grand property
overlooking Lake Geneva and that the building was reserved for the private the
family's private access or residents I guess you could say so there's a lot going
on here but this is what I thought was also interesting that's just been
announced so after all of this so you've got this chap off he's resigned now
he's you know didn't do anything wrong according to BBC but he thought it's
best that he resigns yeah sure okay you've got a legardium in hot water but
yeah no big deal it seems as though she's gonna be the next head of the WEF her
or Larry Fink but then this was a curveball that was thrown at me today
here we go the WEF co-president wants Klaus Schwab to return in 2027 so now
that he's been cleared of everything they say they he's looking to return again in
2027 ladies and gents you can't make this stuff up you really can't I'd love to
know in the comments please leave me a comment what you think of all of this
today but I genuinely think that we are in the twilight zone now where it
doesn't if you are a politician or you're one of these people in this very small
elite circle the rules don't apply to you you know you can you look at all the
politicians and their net worth at the moment some of these people go into
politics with with zero and they're leaving with you know tens of millions
of pounds there's I'm looking into Angela Rainer this evening I'll be looking
into that at the moment there's allegations now she's worth 30 million
pounds when you if you don't know who she is you know she was grew up on a
council estate and all this got into politics how on earth if this is true
has she got 30 million pounds in the last few years I mean there's a lot of
questions to be asked with all of these politicians they're getting into
politics obviously to rinse people of all of their money or this tax money
which never think of it as tax money by the way think of it as people's private
money it's my money it's your money we pay our taxes and then you just see all
this corruption and you see these politicians who are just the worst the
absolute worst and look what's happening to the people getting poorer and poorer
every day terrible how they're treating the people and it nothing's
happening so let's see how this ends because history tells us how these things
tend to end up it doesn't end up well for the politicians usually ends up well
for the people in the long run it doesn't end up well for them I guess they
haven't read their history so we'll we'll see how long all of this continues
on for thanks for being a subscriber here appreciate you watching the videos
as always take care God bless I'll see you tomorrow hopefully for the walk and
talk the weather is crazy I've just come from 30 degrees Celsius down to what what
is it five to five degrees Celsius to ten degrees Celsius it's gonna be a fun
walk and talk tomorrow all right take care God bless guys