By Daniel Estulin of DanielEstulin.com – June 14, 2011
In the world of international finance, there are those who steer the events and those who react to the events. While the latter are better known, greater in numbers, and seemingly more powerful, the true power rests with the former. At the centre of the global financial system are the financial oligarchy today represented by the Bilderberg group.
Bilderberg organization is dynamic, in that it changes with the times, absorbs and creates new parts while excreting the remains of the decaying parts. Members come and go, but the system itself has not changed. It is a self-perpetuating system, a virtual spider web of interlocked financial, political, economic and industry interests with the venetian ultramontane fondi model at the centre.
Now, Bilderberg isn´t a secret society. It is not an evil, all-seeing eye or a Jewish-Masonic conspiracy. There is no conspiracy even though a lot of people with their infantile fantasies see it as such. No group of people, and I don’t care how powerful they are, sit around the table in dark room, holding hands, staring at a crystal ball, planning the world´s future.
Bilderberg is not a Cartesian fantasy world, in which the isolated intentions of some individuals, instead of the dynamics of social processes, shape the course of history as the movement of evolving ideas and themes over successive generations. It is clinically significant, that today´s more popular varieties of wild-eyed conspiracy theories, reflect the peculiarly pathological style in infantile fantasy associated with the Lord of the Rings, Star Wars and Harry Potter cults. The characteristic form of mental action these cults express, is the magical power of the will, acting outside real physical space-time dimension.
It´s a meeting of people who represent a certain ideology. Bilderberg is a medium of bringing together financial institutions which are the world´s most powerful and most predatory financial interests. And at this time, it is that combination which is the worst enemy of humanity.
Not OWG or NWO as too many people mistakenly believe. Rather, the ideology is of a ONE WORLD COMPANY LIMITED. Back in 1968, at a Bilderberg meeting in Canada, George Ball, the then Under-secretary for Economic Affairs with JFK and Johnson said: “Where does one find a legitimate base for the power of corporate management to make decisions that can profoundly affect the economic life of nations to whose governments they have only limited responsibility?”
The idea behind each and every Bilderberg meeting is to create what they themselves call THE ARISTOCRACY OF PURPOSE between European and North American elites on the best way to manage the planet. In other words, the creation of a global network of giant cartels, more powerful than any nation on Earth, destined to control the necessities of life of the rest of humanity.
One of the key discussion points regarding Iraq centered on the future of the US mission in the country given that the eight-year occupation is coming to an end. Under the heading “What rights do we have in Iraq?” Bilderberg delegates discussed whether the USG is entitled to some kind of “squatter’s rights.” For now, this issue is off the charts, but in the foreseeable future the story will undoubtedly get lots of mainstream attention. What concerns everyone involved is the last page, the ending to the Iraqi occupation. If the US military leaves Iraq, something that most Bilderberg delegates do not see plausible, under what conditions and agreements will this be made possible?
As one American delegate reminded his colleagues, as of October 1, 2011, full responsibility for the US presence in Iraq would officially be transferred from the military to the Department of State. Translation: we might well be sold a false bill of good by the mainstream press. USG has no intentions of ever leaving Iraq, even if ownership changes hands.
What one US delegate stated can sum up US position on Iraq: “when you think of Iraq, think big.” Indeed, to understand US position in the country, one only needs to remember that the US mission in Baghdad is the world’s largest embassy, built for just under $1 billion and comparable in size to the Vatican and visible from space.
One European delegate asked point blank if after eight years of war, anyone can truly say that it was worth the effort. At a staggering cost of trillions of US dollars, over five thousand US lives and over a million innocent Iraqis killed few can admit to the spectacular failure of the mission. With the supposed upcoming transfer of power from the Department of Defense to the Department of State, one is left to wonder exactly what will the US mission be in Iraq beginning in 2012. As another European Bilderberg retorted: “It is anyone’s guess.”
The US delegates pointed to the fact that there is a stable government in the country as a result of “a democratically held elections.” He was reminded that the initial reason for the invasion had to do with finding and eliminating weapons of mass destruction. “The concern for their freedom was an afterthought,” said one European. There was also talk of major financial investment in Iraq to jumpstart their weak economy. However, most attendees agreed that the investment was completely self-serving, centered on the US embassy and justifying its existence and costs.
Let´s start with the conclusion: As cash for counter-revolution is dolled out by the billions, the future of the great 2011 Arab revolt looks grimmer and grimmer. Bilderberg fully backs draconian repression and perpetual war all across the Persian Gulf and is willingly using its staunch ally, Saudi Arabia to do it bidding. This war will include every nation in the Middle East except for Israel. Saudi Arabia is a strategic partner, not only because it is a repressive Monarchy and a dictatorship, thus unaccountable to an electorate, but also because of their oil as strategic energy reserve.
Instability across the entire Middle East allows Bilderberg an excuse to push oil prices to a $150-180 per barrel. This would put tremendous political pressure on Germany and the European Union on the one hand and on China and its economic and political aspirations on the other.
Keep in mind that no matter how you role the dice, Bilderberg wins. Back in the summer 2008, oil shot up to $147 a barrel, something I predicted back in May 2005, after the Bilderberg conference in Rottach-Egern where it was decided to manipulate prices to that level by the summer 2008. At the time, JP Morgan was advising the Chinese government that China buy all the physical crude oil because it is going to $200 a barrel. What few people know, is that almost ¾ of the price of oil is pure speculation, manipulated by the Goldman Sachs Commodity Index. Thus, Wall Street controls the oil price irrespective of supply and demand. Rest assured, that this is all part of a long range objective to control not only the oil price but the world financial markets.
If you take a closer look, Saudi Arabia has their fingers in every Middle Eastern pie. Take Egypt. The House of Saud has just given Supreme Military Council leader Field Marshall Tantawi US$4 billion in cash. In Yemen, the Saudis are buying Yemeni tribes with money, in the name of stability in the region. In Bahrain, they are overtly supporting the National Human Rights Organization whose president was appointed by King Hamad bin Isa al-Khalifa in 2010.
Then, last week, at the White House, US President Barack Obama received Bahrain’s Crown Prince Salman al-Khalifa. For strategic purposes, oil-rich Bahrain is a key US ally in the Gulf region, and hosts the headquarters of the US Fifth Fleet.
Finally, there’s the Muslim Brotherhood to be understood in the context of the carefully orchestrated US/Saudi counter-revolution. From Syria to Egypt, Brotherhood is working very close with Egypt´s Military Council as a reqard for good behavior.
Of great concern to Bilderberg is China’s entrance into African politics at the supra-national level as well as their protagonism in many of the African continent’s disparate corners. For years, China scoured the continent for natural resources virtually unchallenged. Now, the China State Construction Engineering Corporation (CSCEC) is building a gigantic African Union’s headquarters complex in Addis Ababa. If Brussels is the capital of Europe, than Addis Ababa is the newly crowned capital of Africa.
Bilderberg has acknowledged that their corporations have been unable to compete with Chinese State owned companies because “the price is right … free.” What´s more, as Bilderberg readily admitted, China distinctly lacks the colonialist label that still taints European-African relations, which gives it “unfare” advantage in the area.
Another area of concern to Bilderberg is Chinese deft northern African diplomacy. Under the radar, China is outmaneuvering the United States and its western allies. For example, Libya’s foreign minister Abdelati Obeidi visit to Beijing allows China a major opportunity to counter American influence in the international arena, and enhance its image as a friend of the Muslim world. Furthermore, China has not missed the opportunity to enhance relations with new governments in Egypt and Tunisia after their leaders fell during the recent uprisings.
China´s economic might
According to the latest IMF forecast, China’s economy will be the world´s largest in real terms in 2016 — just five years from now. In real terms, meaning using “purchasing power parities” (PPP). That compares what people earn and spend in real terms in their domestic economies. Against the backdrop of Middle east conflict, Iraq, Afghanistan, Iran and destruction of the world economy greater doubts were raised over both the U.S. dollar and the giant Treasury market, which have been propped up for decades by their privileged status as the liabilities of the world’s hegemonic power.
According to Bilderberg, whoever is elected U.S. president next year will be the last to preside over the world’s largest economy.
Under PPP, the Chinese economy will expand from $11.2 trillion this year to $19 trillion in 2016. Meanwhile the size of the U.S. economy will rise from $15.2 trillion to $18.8 trillion. That would take America’s share of the world output down to 17.7%, the lowest in modern times. China’s would reach 18%, and rising.
For comparison, just 10 years ago, the U.S. economy was three times the size of China’s.
As Bilderberg recognizes, this is more than a financial perspective. It is the end of the Age of America’s economic hegemony. America overtook Great Britain as the world’s leading economic power in the 1890s and never looked back. There is a silver lining in this for the United States. To counterbalance China’s economic encroachment, Asian nations are increasingly turning to the United States for support.
As one Bilderberger admitted, the rise of China, and the relative decline of America, the so-called paradigm shift, or revolutionary changes in geopolitics, is the biggest story of our time.
The discussion on Ireland was led off with sobering statistics which none of the attendees wanted to hear. Just like Greece, Ireland is an economic nightmare, close to becoming yet another European economic protectorate. Even though the official statistics of unemployment is up to 15%, Bilderberg internal numbers are much closer to 21%. Not to be outdone by the spectacularly bad news, the interest payments are half of all the income tax raised in the country and the debt is growing. What´s more, the total debt is 100% of Gross Domestic Product.
Ireland´s unpaid bank debt, around €125 billion, as well as Irish State fiscal debt, courtesy of EU-IMF partnership has weighed down the Irish economy and Irish taxpayers with a burden so great that it is beyond Ireland’s capacity to carry it.
What is inevitable, admitted Bilderberg attendees, is just like Greece, Ireland will need a second bailout from the EU-IMF. Others were even more blunt. “The European Union is in a survival crisis,” said one European Bilderberger. What seems to worry Bilderberg is the lack of fortitude and political will across the European Union. As one Bilderberg financial analyst stated, “the markets are stuck between the rock and the hard place. The markets can cope with good news and they can cope with bad news, but what the financial markets can’t stand, is indecision. And that’s all we have across the board. Nobody has any ideas how to get out of this.”
But, as another Bilderberg bluntly reminded the attendees, “it is not one but three crisis we have to deal with: a debt crisis, a political-economy crisis, and a political crisis.” And as Bilderberg knows, it is impossible to deal with all three at the same time.
Bilderberg has admitted that the Irish banks are in over their head, having tremendous difficulties raising funds, while at the same time, the banks are bleeding money, as people have lost faith in the system. With the Northern Rock experience in Britain still fresh in everyone’s mind, the Irish are not taking any chances. For now, the mainstream press has kept this information under wraps, but as Bilderberg admitted, “it is just a matter of time before it explodes in our faces.”
One Irish Bilderberger admitted that the Irish banks could very well run out of money before the Irish government does.
However, what worries Bilderberg is the reaction of the Irish citizens. As one Bilderberg asked, “will Ireland want to borrow money to pay back the bondholders and European banks who gambled on the Irish boom?”
To solve the mounting crisis, European government is proposing a massive power grab as part of a long-range plan to save the Union. If the plan is approved, the EU government will set the rules in the future and police itself and any nation, which breaches the rules or disagrees with the draconian measures implemented by the EU, will have their voting rights withdrawn. As one European Bilderberg openly admitted, “What we are heading towards a form of real economic government.”
Greece is dead. The message coming out of the Bilderberg meeting is unmistakable. Greece’s troubles have not only exposed the structural flaws of the European Monetary Union, but have also exposed the structural problems in the global economy. Government officials around the world have responded to the debt problem by adding more debt. Unfortunately, piling debt on debt cannot solve the problem. This is what a Ponzi scheme, Las Vegas-like secret casino looks like. To keep the pyramid-like structure from acute economic collapse, more and more money is doled out by those wishing to keep the speculation going.
The crisis response has only exacerbated a dynamic that created the crisis to begin with: Easy credit means debt. Historically, financial crises typically lead to sovereign debt crisis. And sovereign debt crisis typically led to currency crisis and extremely difficult economic times ahead.
The sovereign debt crisis is still unfolding. Last year, Europe, trying desperation to solve the crisis of weak countries within the Euro zone, devalued the Euro and inflated away the debt in order to stop the downward spiraling. The problem is three fold. First of all, member states cannot devalue its currency to make its exports more competitive. Second of all, it cannot undertake an expansive monetary policy. Finally, it cannot mount an appropriately expansive fiscal policy because of the restrictions of the EU’s growth and stability pact. Thus, as European member states do not control their monetary policies, debt devaluation becomes the only option. EU is literally backed into a corner.
As Bilderberg admits behind closed doors, Greece can never pay back what it owes the markets. Never. And they are not the only ones. Former Dutch Finance Minister Willem Vermeend wrote in De Telegraaf that “Greece should leave the euro,’ given that it will never be able to pay back its debt.”And that´s something that Bilderberg elite know and understand very well. Real unemployment figures are around 19%. According to IMF Bilderberg attendee, 2012 projected unemployment figures for Greece will top 25%. Bilderberg can only pray this information never makes it onto the front pages of leading mainstream periodicals. At the 2011 meeting, Bilderberg was looking at ways to restructure Greece’s debt, not for the benefit of Greece, but rather for the benefit of the financial elite who stand to lose their shirt if Greece fails. On the other hand, a default would destabilise markets and lead eventually to rating downgrades of other weak euro zone states such as Spain, Italy, Ireland and Portugal. ECB officials have repeatedly cited the risk of market turmoil in explaining their opposition to a Greek debt restructuring.
One face-saving option being considered is a debt exchange. Holders of Greek bonds would exchange them for longer-dated bonds, giving Greece a few more years to pay back the 340 billion euro debt. However, for this option to work, private investors must be convinced to share the burden of rescuing Greece. If the option of private investors doesn´t work out, France was being considered as the backer of the debt exchange, according to sources at the Bilderberg conference.
At the same time, the European Union and IMF are preparing to announce a second bailout of Greece, thus acknowledging that the first 110 billion euro rescue which was launched in May 2010 has been a spectacular failure as Athens misses its fiscal reform targets by a mile.
But there is another problem with a voluntary debt exchange. How do you persuade investors who were burnt the first time to take part in it, again? In the end, if Bilderberg has their way, taxpayers will be burdened with a large part of the bailout of bad speculations and government debts. A second bailout will include unprecedented and draconian external supervision of Greece’s economy, both public and private spending. This worries Bilderberg, especially in light of 2010 massive national protests across the country.
The scenario of Greece’s exit from the Euro is now officially on the table, as are ways to do this. As in Iceland, the Greek austerity measures are to be put to a national referendum – with polls reporting that some 85 percent of Greeks reject the bank-bailout-austerity plan. Greece’s labor movement always has been strong, and the debt crisis is further radicalizing it. So, the question for the Bilderberg elite, is how to get rid of Greece, while appearing to be helping them come out of the depression.
By threatening to withdraw support for banks in countries such as Greece if they restructure their debts, the ECB is practically inciting runs on banks and forcing the member country out of the union. In Greece, more than 85% of Greek citizens are against the proposed reforms.
China is Pakistan’s new best friend. This is a major geopolitical shift. It comes on the heels of Obama administration approval of aggressive tactics against Pakistan, amongst them, first use of nuclear weapons by NATO to prevent their potential use by terrorists or a rogue state. According to the London Sunday Express: “US troops will be deployed in Pakistan if the nation’s nuclear installations come under threat from terrorists out to avenge the killing of Osama Bin Laden… Barack Obama would order troops to parachute in to protect key nuclear missile sites. These include the air force’s central Sargodha HQ, home base for nuclear-capable F-16 combat aircraft and at least 80 ballistic missiles.” Enter China. China´s warning was reiterated at the Bilderberg conference by a first time Chinese delegate, that USG´s planned attack on Pakistan will be interpreted as an act of aggression against Beijing. The stakes are perhaps as high as they have ever been for the post-Cold War United States as Bilderberg dealt with quagmire in Pakistan.
As one European delegate stated, “US is the world´s most powerful nation, but it is not more powerful than the world.” Everyone agreed on the grave danger of general war growing out of the US-Pakistan confrontation.
From geopolitical point of view, the USG is concerned with China´s increased protagonism in the region. China has built a port for Pakistan at Gwadar, which is close to the entrance of the Strait of Hormuz. US delegates expressed concern that the port might become a Chinese naval base on the Arabian Sea. This obviously affects India, US´s new best friend in the region. We have a perfect storm in the making. A nuclear US supporting a 1.2 billion strong nuclear Indian against India´s archenemy, nuclear Pakistan and their new best friend, a 1.4 billion strong nuclear China.
Bilderberg´s attempt to create conditions for a Sino-Indian confrontation have Russia as one of the key players. With both Russia and China working diligently to bring peace to Libya, the purpose, as Bilderberg recognises is to reduce the influence of western powers, and ensure oil supplies for China from Libya.
It still remains to be seen just how a consensus amongst Bilderberg attendees will be reached on the issue, but the US scenario is easily discernible. To effectively counter a Sino-Pakistani duopoly, Washington will seek a way to maneuver itself out of the confrontation by using India to do its bidding. By the time India and China realize that they have been played and used into mutual destruction by the United States, it will be too late for either to back down without losing face.
Once again, the key to understanding India-China confrontation is Russia and its role in the future One World Government-One World Company Limited. Until Russia is subjugated, Bilderberg and their bidders can’t realistically hope for full control. By eliminating both Asian superpowers, Russia will be left alone, surrounded by US missile bases and isolated from Europe by NATO, which now includes former Soviet republics, mostly antagonistic towards Russia. What´s more, as Bilderbergers agreed, a cultural degradation has left a large percentage of Russian youth admiring the US for its alleged “freedom” as a stark counterpoint to the excesses of Russian “authoritarian” state, which they have been sold by the mainstream western press to be a mere continuation of the old Soviet system.
With Russia eliminated, the US will focus its military on South America. Chavez will be overthrown, followed by his allies such as Ecuador and Bolivia.
However, Pakistan is one part of the multi pronged Asian strategies set in motion by the US Government and Bilderberg. In 2002, one of the key issues discussed at the Chantilly Bilderberg conference that year centred on Bilderberg led plan for a 10-year war to eliminate terrorism, involving both military and diplomatic initiatives. It eventually became known as “Operation Noble Eagle.”
In fact, Bilderberg understands that what we are in fact dealing with is an evolving process leading to an endless escalation of war across the global stage. Asia is one of the areas of operations. Middle East and Magreb is another.
If we were living in the real world, the headline, which best describes the current financial situation would read: “The end is near. We are in the middle of an economic financial meltdown.” For Bilderberg high-financial managers the problem is how to postpone defaults for as long as possible – and then to bail out, leaving governments (“taxpayers”) holding the bag, taking over the obligations of insolvent debtors. With overwhelming cross section of the world’s population against it, the trick is to override democratic politics.
And as Bilderberg agrees, for this to happen, economic policy must be transferred from elected government bodies to those of financial planners,making the economy entirely dependent on them, with public borrowing creating an enormous risk-free “market” for interest-bearing loans. This explains what George Ball, the then Under-secretary for Economic Affairs with JFK and Johnson said back in 1968, at a Bilderberg meeting in Canada: “Where does one find a legitimate base for the power of corporate management to make decisions that can profoundly affect the economic life of nations to whose governments they have only limited responsibility?”
This is how financial oligarchy replaces democracy. The role of the European Central Bank, IMF, the World Bank, Bank of International Settlement, the Federal Reserve and other financial oversight agencies has been to make sure that bankers got paid.
The problem with today´s system is that the world is run by monetary systems, not by national credit systems. If you are smart, you don´t want a monetary system to run the world. You want sovereign nation-states to have their own credit systems, which is the system of their currency. Above all, the possibility of productive, non-inflationary credit creation by the state, which is firmly stated in the US Constitution, was excluded by Maastrich as a method of determining of economic and financial policy.
Now, in Europe, that can´t be done because in Europe, the governments are subject to control by private banking interests, called independent banking systems, which is blocked constitutionally from creating credit for governments. These institutions have the power to regulate government, and to dictate terms to government. Think about this institution within this European edifice called ECB. It tries to function like a European independent central bank, which has no government. There is no government. There is no nation. It´s a group of nations run by a private bank.
The supposed “independence” of the Central Bank is the decisive control mechanism for private financial interests, which historically in Europe has been installed as an authoritative instrument against an economic policy of sovereign governments oriented towards the General Welfare. European banking is a remnant of a feudal society, in which private interests – as typified by ancient venetian cartels or by the Lombard league which went down in the Dark Age in the 14th century.
What we have today is not a liquidity crisis, but an insolvency crisis. The United States is now $14.3 trillion in debt. Plus, the government running up a trillion-dollar deficit for the third straight year, something no country in the history of the world has ever done. There is a confirmed double-dip in housing market with prices plummeting more than during the Great Depression. And a fresh roll over in bank stocks, with companies like Bank of America and Citigroup giving up every penny of gains they’ve made in the last two years. But it is not only Bank of America and Citi, it is every financial institution in America. From Wells Fargo and JP Morgan Chase and beyond, the system is imploding: banks, financial markets, bond markets, housing markets. And now, we can add the United States to the list of bankrupt nations. US dollar has lost 12% of its value in one year. And China, for the first time, has become a net seller of US treasury bonds. What it means is that the bond bubble is about to explode and when it does, take a front row seat and enjoy the fireworks. This is once in a lifetime opportunity.
The Bilderberg Group is not the end but the means to a future One World Company Limited. This organization has grown beyond its secretive beginnings to become a key nod in the decision making of the elite. The ultimate goal of this nightmare future is to transform Earth into a prison planet by bringing about a single globalised marketplace, controlled by One World Company, financially regulated by a World Bank, and populated by a dumbed down population whose life´s needs will be stripped down to materialism and survival – work, buy, sex, sleep – all connected to a global computer that monitors our every move. And it is becoming easier because the development of telecommunications technology together with profound advances in present-day knowledge and new methods of behavior engineering to manipulate individual conduct are converting what, in other epochs of history, were only evil intentions into a disturbing new reality. Each new measure viewed on its own may seem an aberration, but a whole host of changes, as part of an ongoing continuum, constitutes a shift towards total enslavement.
And as we watch the world go to hell in a hand basket, we find ourselves at the crossroads. The road we take from here will determine the very future of humanity and whether we will become an electronic global police state or remain free human beings. Remember, it is not up to God to bring us back from the new Dark Age, it is up to us. Forewarned is forearmed. We will never find the right answers if we don´t ask the right questions.