Goldman Sachs – THE WORLD’S BIGGEST PONZI SCHEME

Taken from a comment by “Calltoaccount”, which was taken from Institutional Risk Analytics, blogged by http://www.cjr.org

Res Ipsa Loquitor: Here’s the real story that’s been conveniently swept under the rug.

From Reuters: QUESTION: Did Goldman do any due diligence on AIG before buying credit default swaps (CDS) from it?

ANSWER: “We do extensive due diligence on all our counterparties.” –  posted 4/2/09 by Karl Denninger

(Credit Barry Ritholtz and Institutional Risk Analytics, the original source)

WHOAH!

In fact, our investigation suggests that by the time AIG had entered the CDS fray in a serious way more than five years ago, the firm was already doomed. No longer able to prop up its earnings using reinsurance because of growing scrutiny from state insurance regulators and federal law enforcement agencies, AIG’s foray into CDS was really the grand finale. AIG was a Ponzi scheme plain and simple, yet the Obama Administration still thinks of AIG as a real company that simply took excessive risks. No, to us what the fraud Bernard Madoff is to individual investors, AIG is to the global financial community.

As with the phony reinsurance contracts that AIG and other insurers wrote for decades, when AIG wrote hundreds of billions of dollars in CDS contracts, neither AIG nor the counterparties believed that the CDS would ever be paid. Indeed, one source with personal knowledge of the matter suggests that there may be emails and actual side letters between AIG and its counterparties that could prove conclusively that AIG never intended to pay out on any of its CDS contracts.

Read that folks.

Then read it again.

Then read it AGAIN.

More excerpts:

There are two basic problems with side letters. First, they are a criminal act, a fraud that usually carries the full weight of an “A” felony in many jurisdictions. Second, once the side letter is discovered by a persistent auditor or regulator examining the buyer of protection, the transaction becomes worthless. You paid $6 million to AIG to shift risk via the reinsurance, but the side letter makes clear that the transaction is a fraud and you lose any benefit that the apparent risk shifting might have provided.

And finally, the last nail in the coffin:

The key point is that neither the public, the Fed nor the Treasury seem to understand is that the CDS contracts written by AIG with these various non-insurers around the world were shams – with no correlation between “fees” paid and the risk assumed. These were not valid contracts as Fed Chairman Ben Bernanke, Treasury Secretary Geithner and Economic policy guru Larry Summers claim, but rather acts of criminal fraud meant to manipulate the capital positions and earnings of financial companies around the world.

Indeed, our sources as well as press reports suggest that the CDS contracts written by AIG may have included side letters, often in the form of emails rather than formal letters, that essentially violated the ISDA agreements and show that the true, economic reality of these contracts was fraud plain and simple. Unfortunately, by not moving to seize AIG immediately last year when the scandal broke, the Fed and Treasury may have given the AIG managers time to destroy much of the evidence of criminal wrongdoing.

Only when we understand how AIG came to be involved in CDS and the fact that this seemingly illegal activity was simply an extension of the reinsurance/side letter shell game scam that AIG, Gen Re and others conducted for many years before will we understand what needs to be done with AIG, namely liquidation. Seen in this context, the payments made to AIG by the Fed and Treasury, which were then passed-through to dealers such as Goldman Sachs (NYSE:GS), can only be viewed as an illegal taking that must be reversed once the US Trustee for the Federal Bankruptcy Court for the Southern District of New York is in control of AIG’s operations.

Thank you Timmy, thank you Ben Bernanke, thank you Henry Paulson, thank you George Bush and thank you President Obama.

If this is true every one of you needs to go to prison.

After those of you still in your positions are impeached.

Again, for the simple who need it in one sentence:

AIG was a Ponzi scheme plain and simple, yet the Obama Administration still thinks of AIG as a real company that simply took excessive risks. No, to us what the fraud Bernard Madoff is to individual investors, AIG is to the global financial community.

Distilled to one sentence: The bailout of AIG is equivalent to the US Taxpayer bailing out Madoff’s admitted (and now convicted) Ponzi Scheme.

PS: This isn’t MY analysis, this is the analysis of Institutional Risk Analytics. If you don’t understand who they are, you should – they’re one of the most-respected groups out there when it comes to banking system analysis. If they’re willing to print something this damning….

Posted by Calltoaccount on Sat 18 Jul 2009 at 09:40 AM

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U.S. Dollar Only Down 2 Percent for the Year. Since the Crisis Started in August of 2007, the U.S. Dollar is Unchanged. Yet the Dollar is Down 33 Percent Since the Start of the Decade. The Currency Race to the Bottom.

May 27th 2009

From mybudget360.com

People have a hard time grasping that given the tumultuous market of 2009 and all the liquidity being funneled into the market by the U.S. Treasury and Federal Reserve, that the U.S. Dollar has only fallen 2 percent for the year.  What is even more surprising to many is the U.S. Dollar has remained unchanged since the crisis started in August of 2007.  How can that be you say?  The U.S. Treasury and Federal Reserve have bailed out Wall Street and banks with commitments and direct credit injections to the tune of $13 trillion yet the dollar remains unchanged.  Let us first look at a graph to show this:

us dollar

In fact, at the market bottom in March of 2009, the dollar flirted with the 90 mark.  This would have been a 10 percent jump from the same point back in August of 2007.  How can the dollar remain strong with so much money being funneled into the economy and the U.S. lagging in a deep recession?  First, it is important to understand that at the bottom in March over $50 trillion in global wealth was destroyed.  That is simply a mind-numbing amount.  In the massive panic of the market lows, many people still had faith in the dollar and rushed into it.  It is still largely viewed as a safe haven.  Also, the major decoupling philosophy has been largely put to rest since this recession is global.  If you look at the chart above, in the spring and summer of 2008 the dollar was in the low 70s.  This occurred because a large number of investors believed that the world would largely remain healthy while the U.S. fell into a deep recession by itself.  That of course was not the case.

Yet over the longer term, the U.S. dollar has suffered and has suffered in big ways.  Let us look at a longer-term chart:

usdollar long term

Looking at this chart, we realize how much the dollar has really declined.  Since the start of the decade, the dollar has fallen a stunning 33 percent.  Keep in mind with currencies these kind of large fluctuations are not a sign of health.  Major market volatility is never the sign of a healthy market.  As I have stated before the U.S. Treasury and Federal Reserve are actively trying to crush the value of the dollar.  There weapon of choice is inflation.

Why would the central bankers aim for inflation?  For one, our country is a debtor nation to the ultimate degreeThere is simply no way we are ever going to pay back our obligations.  Inflation is an excellent way to make current debts less costly in the long run (at least in the view of the Federal Reserve).  Yet inflation is rarely an easy target to set especially when we are dealing with the prospect of deflation.  Deflation is kryptonite for debtors because the debt does not decrease over time.  Think of a home that has lost 50 percent of its value.  The home is now worth $200,000 while the mortgage stays at $400,000.  In a simple theoretical world, a weak dollar would make our products more desirable around the world thus boosting domestic production.  The only problem is we have outsourced a large part of our manufacturing base.  There is no amount of lowering that is going to compete with wages put out by China and India for example.

The dollar problem is compounded by the fact that globally, central banks have been cutting rates simultaneously.  It has been a race to the bottom.  Each economy facing their own internal pressures had to lower their fund rates to stay competitive.  That is why our zero bound Fed rate has largely left the market moving in the same place.  Other global bankers have also cut back like the ECB for example.

Yet the U.S. Treasury and Fed are trying to exercise this dollar destruction as quietly as possible.  What do you think the public would say if they realized that the central bank of our country is deliberately trying to dilute their respective currency?  People would be in an uproar. (FactsNews: but yet we sit and wallow in our misery, while the Bilderberg controlled media tells us everything is ok) Yet the fact of the matter is we now have some 25,000,000 unemployed or underemployed Americans that have taken a major hit to their purchasing power.  Why do Americans feel poorer?  Because since the start of the decade our U.S. dollar has lost 33 percent of its value.  Couple this with stagnant wages and you can understand why this recession has been so destructive.

The dollar has been declining for the entire time but what pushed it over the edge was our current recession.  Most Americans for the early part of the decade didn’t feel this drop because they made up for their lost purchasing power by borrowing more and more debt:

household debt

What we are now coming to terms with is the reality of our situation. (FactsNews: not so sure about that…)  A currency that is worth 33 percent less from the start of the decade and the revelation that a large part of the wealth created in the 2000s was largely based on pure debt.  Hard to envision a second half recovery.  Looks like we are heading more to a second half realization.

mybudget360.com

Bilderberg 2009 Attendee List (revised)

Factsnews: This may or may not be the official list. It was translated automatically using Google Translate. From Infowars.com.

kurt@infowars.com

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Dutch Queen Beatrix

Queen Sofia of Spain

Prince Constantijn (Belgian Prince)

Prince Philippe Etienne Ntavinion, Belgium

Étienne, Viscount Davignon, Belgium (former vice-president of the European Commission)

Josef Ackermann (Swiss banker and CEO of Deutsche Bank)

Keith B. Alexander, United States (Lieutenant General, U.S. Army, Director of the National Security Agency)

Roger Altman, United States (investment banker, former U.S. Deputy Treasury Secretary under Bill Clinton)

Georgios A. Arapoglou, Greece (Governor of National Bank of Greece)

Ali Babaca , Turkey (Deputy Prime Minister responsible for economy)

Francisco Pinto Balsemão, Portugal (former Prime Minister of Portugal)

Nicholas Bavarez, France (economist and historian)

Franco Bernabè, Italy (Telecom Italia)

Xavier Bertrand, France (French politician connected to Nicolas Sarkozy)

Carl Bildt, Sweden (former Prime Minister of Sweden)

January Bgiorklount, Norway (?)

Christoph Blocher, Switzerland (industrialist, Vice President of the Swiss People’s Party)

Alexander Bompar, France (?)

Ana Patricia Botin, Spain, (President of Banco Banesto)

Henri de Castries, France (President of AXA, the French global insurance companies group)

Juan Luis Cebrián, Spain (journalist for Grupo PRISA; his father was a senior journalist in the fascist Franco regime)

W. Edmund Clark, Canada (CEO TD Bank Financial Group)

Kenneth Clarke, Great Britain (MP, Shadow Business Secretary)

Luc Cohen, Belgium (?)

George David, United States (Chairman and former CEO of United Technologies Corporation, board member of Citigroup)

Richard Dearlove, Great Britain (former head of the British Secret Intelligence Service)

Mario Draghi, Italy (economist, governor of the Bank of Italy)

Eldrup Anders, Denmark (CEO Dong Energy)

John Elkann, Italy (Italian industrialist, grandson of the late Gianni Agnelli, and heir to the automaker Fiat)

Thomas Enders, Germany (CEO Airbus)

Jose Entrekanales, Spain (?)

Isintro phenomena casket, Spain (?)

Niall Ferguson, United States (Professor of History at Harvard University and William Ziegler Professor at Harvard Business School)

Timothy Geithner, United States (Secretary of the Treasury)

Ntermot convergence, Ireland (AIV Group) (?)

Donald Graham, United States (CEO and chairman of the board of The Washington Post Company)

Victor Chalmperstant, Netherlands (Leiden University)

Ernst Hirsch Ballin, Netherlands (Dutch politician, minister of Justice in the fourth Balkenende cabinet, member of the Christian Democratic Appeal)

Richard Holbrooke, United States (Obama’s special envoy for Afghanistan and Pakistan)

Jaap De Hoop Scheffer, Netherlands (Dutch politician and the current NATO Secretary General)

James Jones, United States (National Security Advisor to the White House)

Vernon Jordan, United States (lawyer, close adviser to President Bill Clinton)

Robert Keigkan, United States (? – possibly Robert Kagan, neocon historian)

Girki Katainen, Finland (?)

John Kerr (aka Baron Kerr of Kinlochard), Britain (Deputy Chairman of Royal Dutch Shell and an independent member of the House of Lords)

Mustafa Vehbi Koç, Turkey (President of industrial conglomerate Koç Holding)

Roland GT, Germany (?)

Sami Cohen, Turkey (Journalist) (?)

Henry Kissinger, United States

Marie Jose Kravis, United States (Hudson Institute)

Neelie Kroes, Netherlands (European Commissioner for Competition)

Odysseas Kyriakopoulos, Greece (Group S & B) (?)

Manuela Ferreira Leite, Portugal (Portuguese economist and politician)

Bernardino Leon Gross, Spain (Secretary General of the Presidency)

Jessica Matthews, United States (President of the Carnegie Endowment for International Peace)

Philippe Maystadt (President of the European Investment Bank)

Frank McKenna, Canada (Deputy Chairman of the Toronto-Dominion Bank)

John Micklethwait, Great Britain (Editor-in-chief of The Economist)

Thierry de Montbrial, France (founded the Department of Economics of the École Polytechnique and heads the Institut français des relations internationales)

Mario Monti, Italy (Italian economist and politician, President of the Bocconi University of Milan)

Miguel Angel Moratinos, Spain (Minister of Foreign Affairs)

Craig Mundie, United States (chief research and strategy officer at Microsoft)

Egil Myklebust, Norway (Chairman of the board of SAS Group, Scandinavian Airlines System)

Mathias Nass, Germany (Editor of the newspaper Die Zeit)

Denis Olivennes, France (director general of Nouvel Observateur)

Frederic Oudea, France (CEO of Société Générale bank)

Cem Özdemir, Germany (co-leader of the Green Party and Member of the European Parliament)

Tommaso Padoa-Schioppa, Italy (Italian banker, economist, and former Minister of Economy and Finance)

Dimitrios Th.Papalexopoulo, Greece (Managing Director of Titan Cement Company SA)

Richard Perle, United States (American Enterprise Institute)

David Petraeus, United States (Commander, U.S. Central Command)

Manuel Pinho, Portugal (Minister of Economy and Innovation)

J. Robert S. Prichard, Canada (CEO of Torstar Corporation and president emeritus of the University of Toronto)

Romano Prodi, Italy (former Italian Prime Minister and former President of the European Commission)

Heather M. Reisman, Canada (co-founder of Indigo Books & Music Inc.).

Eivint Reitan, Norway (economist, corporate officer and politician for the Centre Party)

Michael Rintzier, Czech Republic (?)

David Rockefeller, United States

Dennis Ross, United States (special adviser for the Persian Gulf and Southwest Asia to Secretary of State Hillary Clinton)

Barnett R. Rubin, United States (Director of Studies and Senior Fellow, Center for International Cooperation)

Alberto Rouith-Gkalarthon, Spain (?)

Susan Sampantzi Ntintzer, Turkey (?) Guler Sabanci, President of Sabanci Holdings (?)

Indira Samarasekera, Canada (President of University of Alberta, Board of Directors Scotiabank)

Rountol Solten, Austria (?)

Jürgen E. Schrempp, Germany (CEO DaimlerChrysler)

Pedro Solbes Mira, Spain (economist, Socialist, Second Vice President and Minister of Economy and Finance)

Sampatzi Saraz, Turkey (banker) (?) possibly Süreyya Serdengeçti (former Governor of the Central Bank of Turkey) http://arsiv.zaman.com.tr/2002/05/29/ekonomi/h6.htm

Sanata Seketa, Canada (University of Canada) (?)

Lawrence Summers, United States (economist, Director of the White House’s National Economic Council)

Peter Sutherland, Ireland (Chairman, BP and Chairman of Goldman Sachs International)

Martin Taylor, United Kingdom (former chief executive of Barclays Bank, currently Chairman of Syngenta AG)

Peter Thiel, United States (Clarium Capital Management LCC, PayPal co-founder, Board of Directors, Facebook)

Agan Ourgkout, Turkey (?)

Matti Taneli Vanhanen, Finland, (Prime Minister)

Daniel L. Vasella, Switzerland (Chairman of the Board and Chief Executive Officer at Novartis AG)

Jeroen van der Veer, Netherlands (CEO of Royal Dutch Shell)

Guy Verhofstadt, Belgium (former Prime Minister)

Paul Volcker, U.S. (former Federal Reserve director, Chair of Obama’s Economic Recovery Advisory Board)

Jacob Wallenberg, Sweden (chairman of Investor AB and former chairman of Skandinaviska Enskilda Banken)

Marcus Wallenberg, Sweden (CEO of Investor AB, former chairman of Skandinaviska Enskilda Banken)

Nout Wellink, Netherlands (Chairman of De Nederlandsche Bank, Board of Directors, the Bank of International Settlements)

Hans Wijers, Netherlands (CEO of the multinational corporation AkzoNobel)

Martin Wolf, Great Britain (associate editor and chief economics commentator at theFinancial Times)

James Wolfensohn, United States (former president of the World Bank)

Paul Wolfowitz, United States (for U.S. Deputy Secretary of Defense, President of the World Bank, currently AEI scholar)

Fareed Zakaria, United States (journalist, author, and CNN host)

Robert Zoellick, United States (former managing director of Goldman Sachs, President the World Bank)

Dora Bakoyannis, Greece (Minister of Foreign Affairs)

Anna Diamantopoulou, Greece (Member of Parliament for the Panhellenic Socialist Movement)

Yannis Papathanasiou, Greece (Minister of Finance)

George Alogoskoufis, Greece (former Minister)

George A. David, Greece (businessman, president of Coca-Cola)

Bilderberg Fears Losing Control In Chaos-Plagued World

Factsnews – We typically do not repost from Infowars repeatedly, but we feel that Bilderberg 2009 is a very significant event for the Patriot Movement and a disastrous event for the Bilderbergs.

Paul Joseph Watson
Prison Planet.com
Monday, May 18, 2009

Investigative journalist Daniel Estulin, whose information from inside Bilderberg has routinely proven accurate, states that the global elite’s plan to completely destroy the economy and ultimately lower global population by two thirds has stoked fears even within Bilderberg itself that the fallout from such chaos could ultimately result in the globalists losing their control over the world.

In a telephone interview, Estulin re-iterated his original points about Bilderberg’s 2009 agenda, which were released in a pre-meeting booklet to members. These include the notion that investors, whipped up into a false state of euphoria by the belief that the economy is recovering, are being suckered into ploughing their money back into the system as a set up for “massive losses and searing financial pain in the months ahead” as the stock market reverses its uptrend and plummets to new lows.

One of Bilderberg’s main topics of conversation at this year’s meeting was whether to oversee a long period of economic stagnation or to quickly sink the economy with a rapid depression.

Estulin called the “bank stress tests” recently conducted as being “little more than a shameless hoax based on the irrational assumption that the economy wont get as bad as it already is.”

Bilderberg are also intent in pushing through the Lisbon Treaty despite it being rejected by countries in Europe who allowed their population to vote on the issue, and are prepared to manufacture demonization campaigns against anti-EU pressure groups, namely the Libertas organization fronted by Declan Ganley.

One of Bilderberg’s primary concerns according to Estulin is the danger that their zeal to reshape the world by engineering chaos in order to implement their long term agenda could cause the situation to spiral out of control and eventually lead to a scenario where Bilderberg and the global elite in general are overwhelmed by events and end up losing their control over the planet.

Estulin said that the economic crisis is a vastly greater threat than a mere recession and that, as long as the present structure of the global economy remains the same, it will ultimately lead to a massive population reduction of two thirds within a generation or two.

Estulin said that such a massive crisis would bring many unknowns that “Scare and frighten some of the more savvy members of the Bilderberg inner circle who are wondering how far they have actually gone not only to destroy the world but perhaps even destroy themselves,” adding that this subject was a topic of conversation at this year’s meeting.

Estulin highlighted a phrase that he first ran across in Bilderberg documents many years ago but only came to understand more recently following the 2002 meeting in Chantilly Virginia, the term “demand destruction”.

Estulin said that a source connected to the World Bank explained to him that, “You destroy demand by destroying the world economy on purpose – which is what we’re witnessing right now,” added Estulin, “destruction of the world economy on purpose.”

Listen to Estulin’s interview with The Corbett Report http://www.infowars.com/bilderberg-fears-losing-control-in-chaos-plagued-world/#mce_temp_url#

The System is designed to exert Total Control over the Lives of Individuals

Reposted from Infowars.com

Richard C. Cook
Global Research
May 17, 2009

What impresses me in the current financial crisis is the near-total failure of so-called progressives to appreciate the magnitude of what is going on or the level of intelligence behind it. How many will say, for instance, that the crash was deliberately engineered by the creation, then destruction, of the investment bubbles of the last decade?

featured stories   The System is designed to exert Total Control over the Lives of Individuals
Wilson
“The development of a sophisticated form of slavery may be an absolute prerequisite for social control.”

When the financial system creates bubbles it drives up the cost of assets far beyond their true value in producing or storing wealth. When the bubbles burst the value of the assets plummets. Those with ready cash then buy them up on the cheap. When the dust settles more wealth has been concentrated in fewer hands. The rich get richer, and ordinary people are left in a deeper condition of indebtedness, poverty, and pressure to perform to the liking of the financial masters.

Progressives think the system needs to be “reformed.” Maybe the banking system needs to be re-regulated or even nationalized. Maybe it should be possible for families facing loss of their homes to get a lower monthly payment from a bankruptcy court. Maybe the government instead of the private sector should administer student loans.

What we fail to acknowledge is that the system itself is totalitarian. This means that it is designed to exert total control over the lives of individuals. We are accustomed to use this label when thinking of anachronisms of history like communism or fascism. We do not understand that globalist finance capitalism and the government which protects, enables, or even regulates it are also totalitarian.

What has happened in the last year as the financial system has seemingly gone belly-up, and is coming back only through massive government bailouts, is part of a pattern that has been around for decades if not centuries. How the controllers work was laid out in 1967 when Dial Press published a leaked copy of The Report from Iron Mountain. This was a study put together by a team of academics and analysts who met at the underground facility in New York that was home to the Hudson Institute.

The report began by identifying war as the central organizing principle of society. It stated, “War itself is the basic social system, within which other secondary modes of social organization conflict or conspire. It is the system which has governed most human societies of record, as it is today.”

The report said that, “The basic authority of a modern state over its people resides in its war powers.” It said that any failure of will by the ruling class could lead to “actual disestablishment of military institutions.” The effect on the system would be, the report said, “catastrophic.”

The appearance of the report caused a sensation when it came out at the onset of the Vietnam War. Officials within the government had no comment, and the report faded into history. But certain of its sections fit the situation in 2009 precisely.

This is because the report outlined the ways the civilian population of a developed nation could be controlled even in the absence of a large-scale war that disrupted their daily lives. One of these ways was defined as follows: “A…possible surrogate for the control of potential enemies of society is the reintroduction, in some form consistent with modern technology and political process, of slavery….The development of a sophisticated form of slavery may be an absolute prerequisite for social control….” (Cited in Rule by Secrecy by Jim Marrs, 2000.)

We see the development of such a “sophisticated form of slavery” today. What else can a system be called that subjects the population to skyrocketing personal and household debt, a widening gap between the rich and everyone else, constant warfare justified as necessary to fight “terrorism,” erosion of personal freedoms, constantly expanding power allocated to the military and police, pervasive electronic eavesdropping, complete lack of accountability by politicians for their dishonesty and crimes, a mass media devoted solely to establishment propaganda, etc.

None of this seems to be diminishing under the Barack Obama administration. Even the economic recovery Obama is attempting to engineer through massive Keynesian deficit spending is expected by economists to be another “jobless” one like that of 2002-2005. Of course the unemployed or those who fear unemployment are easy to control. And the permanent series of Asian land wars George W. Bush instigated for control of resources and geopolitical leverage against Russia and China continue unabated.

None of this is accidental. As The Report from Iron Mountain made clear four decades ago, it’s what has been planned all along.

Chatham House Rule

From Wikipedia, the free encyclopedia

The Chatham House Rule is a rule that governs the confidentiality of the source of information received at a meeting. Since its refinement in 2002, the rule states[1]

When a meeting, or part thereof, is held under the Chatham House Rule, participants are free to use the information received, but neither the identity nor the affiliation of the speaker(s), nor that of any other participant, may be revealed.

The rule originated in June, 1927, at what is now best known as Chatham House (formally known as the Royal Institute of International Affairs) with the aim of guaranteeing anonymity to those speaking within its walls in order that better international relations could be achieved. It is now used throughout the world as an aid to free discussion. The original rule was refined in October 1992 and again in 2002.

Meetings, or parts of meetings, may be held either “on the record” or “under the Chatham House Rule”. In the latter case, the participants are understood to have agreed that it would be conducive to free discussion that they should be subject to the rule for the relevant part of the meeting. The success of the rule may depend on it being considered morally binding, particularly in circumstances where a failure to comply with the rule may result in no sanction.

The Rule allows people to speak as individuals, and to express views that may not be those of their organizations, and therefore it encourages free discussion. Speakers are then free to voice their own opinions, without concern for their personal reputation or their official duties and affiliations.

The Chatham House Rule resolves a boundary problem faced by many communities of practice, in that it permits acknowledgment of the community or conversation while protecting the freedom of interaction that is necessary for the community to carry out its conversations.

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http://www.haaretz.com/hasen/spages/1085589.html
“There is no official list of who’s who in Bilderberg and there are no press conferences about the meetings. This is because the group operates under the“Chatham House Rule,” and no details of what goes on inside are released to the press.”

This secrecy has led to many claims that the Bilderberg Group are the world’s real “kingmakers,” and, some even suggest, behind the global financial crisis.



Greece: maximum security measures for the group “Bilderberg” in Athens

Translated using Google Translate – (please excuse the grammar)

ATHENS – The Bilderberg Group, which meets every year the figures of the global elite of politics and business, Thursday began a two-day conference in a palace near Athens protected by extraordinary security measures, found AFP.

The vicinity of the Astir Palace, luxury hotel in the seaside suburb of Vouliagmeni where you can find for their annual meeting the members of the Bilderberg group, was patrolled by dozens of police and access to the institution was closed to the public and the press.

A patrol of the Hellenic Navy as well as boats carrying divers elite were visible a few meters from the coast of the peninsula that houses the hotel.

According to the Greek press, the organizers of the meeting still surrounded by a close secret discretion feeding the conspiracy theories around the Bilderberg Group, have asked that it be protected by patrol coastguards, divers, 2 F16 aircraft and a helicopter from the police.

Among the invited guests this year include the meeting according to the Greek press, the U.S. Treasury Secretary Timothy Geithner, the World Bank president Robert Zoellick, the U.S. envoy Richard Holbrooke, the Queen Sophia of Spain and Queen Beatrix of the Netherlands Netherlands, the President of the European Central Bank Jean-Claude Trichet, the European Commission President José Manuel Barroso and the Swedish Minister of Foreign Affairs, Carl Bildt.

It was not possible to confirm the presence of these figures with the organizers, but according to a spokesman for the ECB, Trichet has to be involved, as, according to his ministry, Mr. Bildt.

The Spanish journalist of Russian origin Daniel Estulin, a Bilderberg conference, said the media should focus this year on the global economic crisis.

Bilderberg conferences meet annually makers and opinion leaders for a western kind of Davos and prohibits secret to the press.

The first took place in 1954 in the Netherlands, the Bilderberg Hotel in Oosterbeek (central Netherlands), which she kept the name.

Several sources give the origins of this group in Polish Retinger Joseph (friend of the writer Joseph Conrad), the former Belgian prime minister Paul van Zeeland and former CEO of consumer goods, Unilever, Paul Rijken.

Concerned about the growing tension between Europe and the United States, they would set up a conference to bring the elite on both sides of the Atlantic.

(© AFP / 14 May 2009 13h57)

Original Article

FN – At least somebody is talking about it… Once again let me remind you that it is ILLEGAL for US diplomats to meet and discuss policy in secret according to the Logan Act.