Bilderberg Report 2012

Part 1/Primera Parte

BILDERBERG: “SPAIN WILL BE SACRIFICED.”

Throughout the three day Bilderberg meeting, European bankers, American government officials and international money managers conducted tense discussions behind closed doors on the wisdom of Germany extending the country´s credit to paper over the indebtedness of the rest of Europe. One German Bilderberger pointed out that Germany’s resources are finite, while another German stated matter of fact that “it would be impossible in the currently rarified political and economic climate to try and convince German voters to support Spain, a country plagued by corruption and inefficiency.”

The key message from the meeting: come hell or high water, it is imperative to preserve the functioning of the banking system. Spain´s Vice President received a dose of humility when she tried to push the issue of “responsibility” telling her high powered German Bilderberg colleagues that they should issue Eurobonds to save the system. The reply was more than telling: “go pound sand, little girl,” is how Bilderberg high powered elite replied to “Soraya´s” baseless pretensions. Eurobonds are guaranteed by Germany but would be spent mostly by Europe’s PIIGS.

The conclusion couldn´t have been more frightful for Spain´s immediate future. Spain will be sacrificed on the altar of high finance. “Why would we want to save you, if Spain has lied about the depth of its financial troubles?” asked one German participant of Spain´s vice president. “Your banking system is worthless. Do you have equity that might be of interest to anyone?” The answer was a resounding, “NO.” One US government official stated that “the time has come to press the alarm button.”

The sense of panic was growing as the weekend progressed and deliberations became more and more tense. Unlike Spanish citizens, Bilderberg has access to a complete data on deposit money flight from Spain which they believe to be twice the announced 66.2 billion euros in March.

“March was an eternity ago in financial terms,” as one Bilderberg noted. Hard numbers speak for themselves. The debt of Spanish financial institutions is 109% of Gross Domestic Product, twice the amount in France or Germany, and three times that of the United States. Unpayable loans in the construction sector are 40% of GDP in real terms, and not the 20% the Rajoy government has been selling to the world.

Another Bilderberg stated that “The problem with Spain is that its construction sector is an 800kg gorilla in a china shop,” as large as the entire manufacturing sector. By contrast, in Germany, construction is 20% the size of manufacturing.

Another Bilderberg pointed out that one year ago, the ratio of financial-sector debt relative to Gross Domestic Product declined from US$8 trillion to $6.1 trillion. One trillion dollars of these loses can be attributed to the collapse of Lehman Brothers, JPMorgan Chase’s purchase of Bear Stearns, and the Bank of America-Merrill Lynch merger.

In conclusion, the Spanish banking system including Spanish bank held debt of Spanish households are going to die. As I stated on record on May 31, Spain´s leading bank, Banco Santander has an unpayable debt of over 800 billion euros. Bilderberg obviously knows this. Metastasis has spread to all parts of the system. Shadow Masters have spoken and the script has been written. It remains to be seen how long the actors take to play out their parts.

There is a solution. Spain must immediate leave the euro and go back to being an independent nation-state republic.

TRADUCCIÓN DE GOOGLE A ESPAÑOL

BILDERBERG: “ESPAÑA SERÁ SACRIFICADA.”

A lo largo de los tres días de la reunión de Bilderberg, los banqueros europeos, funcionarios del gobierno estadounidense y los gestores internacionales de dinero han llevado a cabo tensas discusiones a puerta cerrada en la sabiduría de Alemania que se extiende el crédito del país de papel sobre el endeudamiento del resto de Europa. Un alemán Bilderberger señaló que los recursos de Alemania son finitos, mientras que otro alemán declaró de hecho que “sería imposible en el clima actual enrarecido político y económico para tratar de convencer a los votantes alemanes a apoyar a España, un país plagado por la corrupción y la ineficiencia. “El mensaje clave de la reunión: contra viento y marea alta, es imperativo para preservar el funcionamiento del sistema bancario.

La Vice-presidenta de España, recibió una dosis de humildad cuando trató de impulsar el tema de la “responsabilidad” diciendo a sus colegas de alta potencia alemana Bilderberg que debe emitir eurobonos para salvar el sistema. La respuesta fue más que elocuente: “ir a la arena libras, niña,” es como Bilderberg de alta potencia de elite responde a las pretensiones sin fundamento “Soraya”. Los eurobonos son garantizados por Alemania, pero se gastaría en su mayoría por los PIIGS de Europa.La conclusión no podría haber sido más terrible para el futuro inmediato de España. España va a ser sacrificado en el altar de las altas finanzas. “¿Por qué queremos salvar, si España ha mentido acerca de la profundidad de sus problemas financieros?”, Preguntó uno de los participantes alemanes del vicepresidente de España. “El sistema bancario no sirve para nada. ¿Tiene la equidad que pueda ser de interés para cualquier persona? “, Fue la respuesta es un rotundo” NO “.

Un funcionario del gobierno de EE.UU. afirmó que” ha llegado el momento de presionar el botón de alarma. “La sensación de pánico fue creciendo a medida que avanzaba el fin de semana y las deliberaciones se hizo más y más tensa. A diferencia de los ciudadanos españoles, Bilderberg tiene acceso a un conjunto de datos completos sobre la fuga de depósitos de dinero de España, que ellos creen que es el doble de las anunciadas 66,2 millones de euros en marzo.”Marzo fue hace una eternidad en términos financieros”, señaló como uno de Bilderberg. Números duros hablan por sí mismos. La deuda de las entidades financieras españolas es del 109% del Producto Interno Bruto, el doble de la cantidad en Francia o Alemania, y tres veces la de los Estados Unidos. Préstamos impagables en el sector de la construcción son un 40% del PIB en términos reales, y no el 20% del gobierno Rajoy ha estado vendiendo al mundo.

Otro Bilderberg afirmó que “El problema de España es que el sector de la construcción es un gorila de 800 kg en una cacharrería”, tan grande como todo el sector manufacturero. Por el contrario, en Alemania, la construcción es de 20% del tamaño de la fabricación.

Otros en Bilderberg señalaron que hace un año, la proporción de la deuda del sector financiero en relación al Producto Interno Bruto se redujo de 8 dólares EE.UU. billones a $ 6,1 billón. Un billón de dólares de estas pérdidas se pueden atribuir a la quiebra de Lehman Brothers, la compra de JPMorgan Chase de Bear Stearns, y el Bank of America-Merrill Lynch fusión.En conclusión, el sistema bancario español, como banco español realizó la deuda de los hogares españoles se van a morir.

Como dije en el expediente el 31 de mayo, el banco líder en España, Banco Santander tiene una deuda impagable de más de 800 millones de euros. Bilderberg, obviamente, lo sabe. La metástasis se ha extendido a todas las partes del sistema. Master Shadow han hablado y el guión ha sido escrito. Queda por ver cuánto tiempo los actores llevará a jugar fuera de sus partes.

Hay una solución. España debe de inmediato abandonar el euro y volver a ser un estado-nación independiente república.

SEGUNDA PARTE INFORME -- BILDERBERG REPORT 2012 SECOND PART -- RUSSIA

Bilderberg´s top headache into foreseeable future continues to be Russian President Vladimir Putin. Key areas of concern for the secretive organization is Russia´s opposition to war in Syria and Iran, be they spun as “humanitarian bombing” or “color revolution.” Of particular concern for Bilderberg is Russia´s insistence on maintaining “state sovereignty intact.” Another concern for Bilderberg is how exactly to deal with Russia´s “belligerence” with respect to 1) the US bases encircling Russia and 2) US missile defense pointing its warheads at Moscow. Putin´s blunt “no way Jose” has raised the stakes several notches. It remains to be seen if “we can make Putin blink” was how one US Bilderberger stated.

Russia may not be the military superpower it once was, but the country has key nuclear and strategic weapons acting as military deterrent to go along with its energy superpower status, with oil and gas accounting for 2/3 of Russia´s exports.

Still fresh on the minds of Bilderberg attendees is Putin´s 2007 Munich speech, when he shocked the West by criticizing George W. Bush´s obsessively unipolar imperial agenda “through a system which has nothing to do with democracy” and non-stop overstepping of its “national borders in almost all spheres.”

As Putin is set play a new round of hardcore geopolitics, Bilderberg is extremely worried because as one European Bilderberger openly admitted, “Putin is by far the most formidable opponent in the world stage to our plans.” What makes Bilderberg position that much more difficult is Putin´s moral position in “protecting and promoting its national interest.” Another Bilderberg stated that Putin is both “experienced” and “pragmatic” in pursuing national interests. A European Bilderberger stated that in today´s world, “economic and military power has a direct bearing on the moral and the pragmatic stance of nations.”

Russia´s strength is its energy reserves and Bilderberg is particularly concerned about the South Stream pipeline, a megaproject with a price tag of $20 billion. South Stream Gas Pipeline is to transport Russian natural gas under the Black Sea to the southern part of the EU through Bulgaria, Serbia, Hungary and Slovakia and further to Italy and Austria, supplying 63 billion cubic meters of gas annually. Bilderberg´s concern is that South Stream could turn into a major victory for Russia at the expense of EU-USA backed Nabucco pipeline, from Turkey to Austria.

Of far greater concern to Bilderberg is Putin´s attempt to integrate Asia into a cohesive block under the leadership of Russia. Bilderberg is convinced that Russia and China will preempt all Bilderberg-led meddling by turning Pakistan and Iran into full members of the Shanghai Cooperation Organization (SCO). “The repercussions would be ground-breaking,” stated one European Bilderberg security expert.

Furthermore, with Russia, Central Asia and Iran controlling no less than 50% of world’s gas reserves, and with Iran and Pakistan as virtual SCO members, the organization becomes a counterpunch to NATO´s shady thrust towards Asia.

Behind the campaign to delegitimize Putin, stand some very angry and powerful Anglo-American elites.

Russia´s position on Syria

Staying with Russia, Bilderberg agreed that the country´s presence in the Mediterranean is of great concern to Bilderberg who would dearly wish to remove Russia´s Navy from the Syrian port of Tartus.

But as one European Bilderberg security expert commented, of far greater concern is Putin´s emphasis on Eurasia integration. Putin´s idea is coordinating “a powerful supranational union between Europe and the dynamic Asia-Pacific Region”.

One positive for Bilderberg as far as Russia´s position on Syria is concerned is that Putin´s options to oppose regime change in Syria are fraught with danger. The secretive cabal agreed that an inflexible, pro-Asad position could leave Russia out of any international future understanding for Syria. “Russia was completely left out of Libya and they won´t want to risk being shut out of Syria as well,” said one high ranking US diplomat attending the Bilderberg conference. Bilderberg is convinced that Putin would rather share Syria with the United States and the European Union and have a say in the country´s future direction.

Several options were examined as to how to get Russia on board. Against the staunch opposition from hard core right wing US Bilderberg representatives such as Marie Josee Kravis, European Bilderbergers agreed that Russia may flip flop its position on Syria if it gets the necessary assurances that it be “a part of the solution in Syria”.

What was made clear from informal discussions during breaks and lunches is that Bilderberg has little confidence in Putin´s opposition. Gary Kasparov was at one time the world´s chess champion, but according to Bilderberg sources, “his street smarts leave a lot to be desired.” As one American Bilderberger stated, “if this was a boxing match, we would be looking at a mismatch of the century.” Thus, Putin vs Kasparov will have to wait. And while Bilderberg continues to finance Kasparov´s United Civil Front in hopes of stirring up trouble in Russia, the secretive cabal is out looking for wiser and smarter and more charismatic figures to give Putin a run for his money.

Bilderberg Report Part 3

US economy and financial crisis in Europe

One of the key conclusions from the Bilderberg meeting: The U.S. will manipulate the FALL of the US dollar in value against the Chinese yuan. The thinking behind is that a devalued dollar will inflate away America´s debts and obligations. Bilderberg is not particularly concerned that the people are the guinea pig in all of this. What is being sacrificed is the purchasing power of the US$.

It’s all part of their deal with Beijing to help Washington inflate away its debts, and give Beijing more say in the global economy. That´s why Ying Fu, China´s Vice Minister of Foreign Affairs was invited to the Bilderberg conference this year. That´s why Yiping Huang, Professor of Economics, China Center for Economic Research, Peking University was also invited to Bilderberg 2012. Collusion between the US government and the Chinese government is in progress. Others who have actively participated in the debate on the destruction of the US dollar at the expense of the Chiense yuan are Cheng Li, Director of Research and Senior Fellow with John L. Thornton China Center, Brookings Institution and Robert Rubin, Co-Chair of the powerful Council on Foreign Relations and Former Secretary of the Treasury.

Bilderberg group is made up of former NATO alliance members, USA, Canada and Western Europe. After the fall of the Berlin Wall, former members of the Warsaw Pact minus Russia have been incorporated into the organisation. In the 1950s, Bilderberg Group was a very important element of the oligarchical structures of the cold war period because it was a vehicle through which private financier oligarchical interests were able to impose their policies on what are nominally sovereign governments.

Today, 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.

Thus, the presence of Chinese Communist Party leaders is an extraordinary phenomenon which must be understood in terms of a US-China conspiracy meant to deflate away the value of the US dollar. Now, it´s only a matter of time before the U.S. dollar loses its role as the world’s reserve currency. Bilderberg knows it is going to happen. The US government knows it is going to happen. And the mainstream press knows it is going to happen. They WANT the dollar devalued so that the US government can try and default on Washington’s domestic and international obligations through inflation.

Furthermore, Bilderberg is concerned with yet ANOTHER Lehman-type megashock -  a very real possibility of bank runs. As one Bilderberger said: “Europe and the U.S. are now on a collision course with a second Lehman-type megashock.”

As one European bankers present at the Bilderberg conference stated, “If you think Europe’s crisis and its deflated currency is going to help support the U.S. $, think again.” In fact, there was a general agreement at the Bilderberg meeting that the FED will be called to the rescue to prop up Europe’s system failure by printing even more money, and thus weakening the dollar in the long run.

PS According to Spain´s President, Mariano Rajoy, “or Europe saves Spain or get ready to spend 500 billion euros on Spain´s rescue and 700 billion on Italy´s rescue.” This is utter nonsense.

Italy is not Spain. First of all, Italy never had much of a real estate bubble. Second of all, Italy, unlike Spain, has very little private debt. According to European Banking Authority, McKinsey Global Institute, Spain´s net direct exposure to debt by banks participating in ECB stress test is 140 points (Private:35, Sovereign:105). Italy´s exposure is 15 points (Private:14, Sovereign:1).

Thirdly, Italy is home to the Venetian Black Nobility and its far reaching, first rate banking apparatus stretching back some 750 years as well as hundreds of first-rate companies with secure niches in world export markets. Most of these corporations, such as Assicurazioni Generali S.p.A, Italy´s largest insurance company form an important part of some of the world´s most powerful secret societies and private organizations such as the Bilderberg Group. Then there is an interlocked relationship between the Mafia, the State, the corporate world and the Clergy, which isolates Italy from any impending crisis. Finally, Italy is home to a little known institution called THE VATICAN.

Italy is not Spain. Please understand that the alleged 100 billion euro hand out is the first step in the take over and full ownership of Spain by the world´s financial institutions. Spain is no more.

A few days ago, none other than Lyndon LaRouche, the world´s foremost statesman stated in a press release that “Spain´s Unpayable Trillion Dollar Hole Calls the Question.” We reproduce EIR´s press release in its entirely.

June 1, 2012 (EIRNS)—This release was issued today by the Lyndon LaRouche Political Action Committee.

“I don’t know if we are on the edge of a precipice, but we are in a very, very difficult situation,” Spanish Economy Minister Luis de Guindos stated Thursday night, adding that the future of the euro is at stake in Spain. Spain’s Deputy Prime Minister Soraya Saenz de Santamaria huddled with Timothy Geithner and chief IMF tax cheat Cristine Lagarde in Washington, D.C., on Thursday; press reports, that an agreement was reached on the creation of an IMF-EU bailout fund for Spain’s banks, were then denied by both the IMF and Treasury, which only lent credence to the report. Geithner agrees, Saenz told the Financial Times, that the next round of bailouts should be given directly to European private banks, instead of using the governments as pass-throughs. Germany is still opposed to that openly hyperinflationary approach.

Gold shot up $50 on Friday morning; yields on Spanish bonds soared, while German, U.S., and U.K. bonds fell to record lows, with investors actually paying to buy German 2-year notes at negative yields, because it is stupidly being considered “safer” paper.

Adding to the “real sense of impending panic” (the words of a Bank of America “strategist” sitting in London), was the simultaneous report on May 31 from the Bank of Spain that €97 billion euros had fled the Spanish banking system in the first quarter of 2012, €62 billion of it in March alone. That was before the early May nationalization of Bankia.

But what is even more revealing than the total that has fled, is the fact that a full 80% of it was reported to have been pulled out by Spanish and foreign banks—i.e., the banks themselves are trying to jump the sinking ship.

Lyndon LaRouche warned on May 26 that the rate of collapse of the trans-Atlantic monetarist system is now outrunning the rate of any attempt to salvage it, and there are only two outcomes immediately possible: imposition of Glass-Steagall regulation internationally, or Weimar hyperinflation.

EIR’s rough estimate of what is known of Spain’s debts which must be covered in the immediate period ahead makes the point. The total is in the ballpark of €one trillion, give or take: €600-700 billion for the private banks (€300 billion is now being admittedly publicly); about €50 billion for the country’s regions (Autonomous Communities), and some €200-250 billion for the national government. In other words, about a quarter of Spain’s estimated total public and private debt of €four trillion, as of the end of 2011.

And, mind you, none of this takes into account the uncharted amounts of derivatives that are piled on top of each of these categories.

Also, no one knows what the actual bad debts are, not least because the private banks are lying through their teeth about their assets, holding repossessed real estate properties on their books at prices way above what they could get if they had to sell them. By such gimmicks, the largest private bank in Spain, London-run Banco Santander, is the biggest real estate property holder in the country! EU spokesman Amadeu Altafaj on Thursday demanded that Spain “come clean” on what the real debt is, and European Central Bank chair Mario Draghi demanded that Spain stop readjusting the amounts needed every day, claiming that to be the cause of the market crisis.

Say EIR’s one-trillion-dollar ballpark figure is over by a couple of billion, even tens of billions, or even a couple hundred billion—although more than likely, the real total is probably even higher than a trillion. The point is the same: the debt piled on Spain cannot be paid.