The Watchdog

Keeping citizens in the loop

JANE BURGERMEISTER REPORT:’ECB chief, Deutsche Bank CEO and Greek Finance Minister attend the Bilderberg meeting’

ECB chief, Deutsche Bank CEO and Greek Finance Minister attend the Bilderberg meeting

 “Ordinary people can only guess at the goings-on at the meetings of the secretive Bilderberg Group, which is bringing together the world’s financial and political elite this week,”  says the BBC.

In the meantime, it’s possible to  make a pretty accurate guess of  what is going on in the highly secret Bilderberg meeting in St Moritz when individuals such as ECB chief Jean Claude Trichet, Deutsche Bank CEO Josef Ackermann and Greek Finance Minister George Papaconstantinou are attending.

Jean Claude Trichet is the ECB president who has been violating all eurozone central bank rules by giving hundreds of billions of euros to insolvent banks and insolvent governments, ensuring that tax payers will have to bleed.

The ECB has purchased about 75 billion euros worth of government bonds from insolvent countries, guaranteed by tax payers. It has also been financing banks in Greece, Portugal, Spain and Ireland. These together received bailouts totaling 256 billion euros so far, and the ECB continuing to lend the banks unlimited amounts of money at its benchmark rate under an emergency liquidity programme in return for collateral of doubtful value. Again it will be tax payers who will have to pick up the bill while the banks make off with the profits.

Trichet is also blocking the involvement of private creditors in reducing Greece’s unsustainable debt burden as well as stopping Greece’s exit from the eurozone or managed insolvency by making threats about collapsing the financial system, and so is allowing the looting of the country to continue for the profit of the banks.

Trichet’s actions in giving so much central bank credit to crisis hit southern European countries are steering the entire eurozone financial system towards collapse, according to German economist Hans Werner Sinn.

Present in St Moritz is also Josef Ackermann, the CEO of Deutsche Bank, one of the main beneficiaries of the Ponzi scheme being run by the ECB in breach of rules. Commercial banks like Deutsche Bank are receiving money from insolvent governments forced to pay penal interest rates in return for EU and IMF loans – and loans made by the country’s insolvent banks borrowing money from the ECB at benchmark rates via the emergency liquidity programme of the ECB…

When you consider all these shenanigans and circuitous ways of looting tax payers with the help of the ECB and central banks, it starts to become clear why so much secrecy surrounds the Bilderberg meetings. Could they dare discuss openly such blatantly criminal actions?

Also attending is Peter Steinbrück, German finance minister between 2005 and 2009, underlining that the SPD are just as much a front for the banks as the CDU/CSU and FDP and the right/left political paradigm is a smoke screen..

At St Moritz too is George Papaconstantinou, the Greek finance minister. He keeps insisting that the Greek government and Greek banks are just illiquid and can repay the tax payer guaranteed loans when bond markets, investors and economists agree Greece is insolvent, and Greek banks are largely insolvent, capitalised as they often are only by souvereign debt bonds from the insolvent Greek government….making tax payers the inevitable milk cows.

In tow is European Council President Herman Van Rompuy, who will chair the EU summit in Brussels on June 23-24, to agree a new bailout for banks under the front of helping Greece that is expected to total 120 billion euros until 2014, including 30 billion from privatisation of government assets at knock down prices.

And now it turns out George Osborne, who is looting UK taxpayers  in much the same way by imposing fiscal austerity measures to deal with private banking debt saddled on the public, is also attending, said The Guardian.

Even if these individuals themselves can’t join the dots and see the way their actions are contributing to bankrupting the eurozone in an intricate public sector Ponzi scheme, as well as the UK and USA for the profit of the banks , the rest of the world clearly can. What are these politicians doing meeting with bankers and corporate leaders in caldnestine in St Moritz  when they are public figures responsible for hundreds of billions of tax payer money?

Why can they not given an open account of their discussions given the overwhelming evidence they are engaged in a gigantic white collar financial crime operation?

The people attending the Bilderberg conference are just part of a huge network including so many more bankers, hedge fund managers, media figures and royalty but the forum is clearly crucial for their plans. Why else would people like Trichet and Ackermann all take time off to attend when they have so much else to do, especially right now?

June 10, 2011 - Posted by | Internationally significant information, Jane Burgermeister Report

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