Do the math. Poland’s national bank president Slawomir Skrzypek says no to International Monetary fund (IMF) credit because the economy is so good, and even offers to help other countries, then dies in a plane crash along with the President, his wife, and several other highly placed Polish leaders within days. And we are supposed to believe that this is simply coincidence. Yeah, right. And I’ve got two noses, three eyes, and my name is stupid.
Connecting the dots:
March 29, 2010:
March 29 (Bloomberg) — Poland’s economy is in “good enough shape” that the country doesn’t need to extend its Flexible Credit Line from the International Monetary Fund, the central bank said in an e-mailed statement today.
The only EU country to avoid a recession last year, Poland may see its economy expand 3 percent this year after a 1.7 percent expansion in 2009, the government has said. The central bank increased its projection for 2010 economic growth in February to a range of 2.1 percent to 4.1 percent, compared with its previous forecast of 0.8 percent to 2.8 percent.
“The Narodowy Bank Polski’s management is convinced that the situation of the Polish economy and the financial system are currently good enough that the country, instead of being among those using the IMF support, may join a group helping other countries through the IMF,” the bank said in the statement.
April 10, 2010:
Polish president Lech Kaczynski and his wife Maria have been killed after their plane crashed on approach to Smolensk airport in western Russia.
There were conflicting reports today of the number of people on board the flight. Russian news agencies reported at least 88 people died in the crash near Smolensk airport in western Russia, citing the Russian Emergencies Ministry. They reported 132 people were aboard the Tupolev Tu-154.
But Polish officials said 88 people were on board when the plane crashed. Sky News reported 96 dead….National Bank President Slawomir Skrzypek, and the Army chief of staff, Gen. Franciszek Gagor both died on board the plane.
During the 1980s another mechanism was used to force Chicago-style economic policies on other countries, particularly in South and Central America, that were in economic crisis: debt relief. The highly industrialized countries of the North offered debt relief through the World Bank or IMF in exchange for the imposition of free-market policies.
Poland did not need the International Monetary Fund money, and the economy is in excellent shape and getting better. A few days later, the people responsible for this die in a plane crash. No need for debt relief, not a good candidate for the shock doctrine, and an example to other nations of how to avoid this catastrophe. It will be interesting to see the course of events as this unfolds.
(C) 2010 B.H. Peterson