Infinite Unknown

- Secrets and Lies of the Bailout (Rolling Stone, Jan 4, 2013):

It has been four long winters since the federal government, in the hulking, shaven-skulled, Alien Nation-esque form of then-Treasury Secretary Hank Paulson, committed $700 billion in taxpayer money to rescue Wall Street from its own chicanery and greed. To listen to the bankers and their allies in Washington tell it, you’d think the bailout was the best thing to hit the American economy since the invention of the assembly line. Not only did it prevent another Great Depression, we’ve been told, but the money has all been paid back, and the government even made a profit. No harm, no foul – right?

Wrong.

It was all a lie – one of the biggest and most elaborate falsehoods ever sold to the American people. We were told that the taxpayer was stepping in – only temporarily, mind you – to prop up the economy and save the world from financial catastrophe. What we actually ended up doing was the exact opposite: committing American taxpayers to permanent, blind support of an ungovernable, unregulatable, hyperconcentrated new financial system that exacerbates the greed and inequality that caused the crash, and forces Wall Street banks like Goldman Sachs and Citigroup to increase risk rather than reduce it. The result is one of those deals where one wrong decision early on blossoms into a lush nightmare of unintended consequences. We thought we were just letting a friend crash at the house for a few days; we ended up with a family of hillbillies who moved in forever, sleeping nine to a bed and building a meth lab on the front lawn.

Continue reading »

Tags: AIG, Bailout, Bank of America, Banking, Barack Obama, Ben Bernanke, Bush administration, Citigroup, Economy, FDIC, Fed, Federal Reserve, Financial Crisis, General Motors, George Bush, Global News, GM, Goldman Sachs, Government, Great Depression, Henry Paulson, Jamie Dimon, Larry Summers, Lehman Brothers, Merrill Lynch, Neil Barofsky, Nomi Prins, Obama administration, Politics, Ponzi schemes, Sheila Bair, Society, TARP, Taxpayers, Timothy Geithner, U.S., Wachovia, Wall Street, Wells Fargo

- This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied – The Sequel (ZeroHedge, July 19, 2012):

Two years ago, in January 2010, Zero Hedge wrote “This Is The Government: Your Legal Right To Redeem Your Money Market Account Has Been Denied” which became one of our most read stories of the year. The reason? Perhaps something to do with an implicit attempt at capital controls by the government on one of the primary forms of cash aggregation available: $2.7 trillion in US money market funds. The proximal catalyst back then were new proposed regulations seeking to pull one of these three core pillars (these being no volatility, instantaneous liquidity, and redeemability) from the foundation of the entire money market industry, by changing the primary assumptions of the key Money Market Rule 2a-7. A key proposal would give money market fund managers the option to “suspend redemptions to allow for the orderly liquidation of fund assets.” In other words: an attempt to prevent money market runs (the same thing that crushed Lehman when the Reserve Fund broke the buck). This idea, which previously had been implicitly backed by the all important Group of 30 which is basically the shadow central planners of the world (don’t believe us? check out the roster of current members), did not get too far, and was quickly forgotten. Until today, when the New York Fed decided to bring it back from the dead by publishing “The Minimum Balance At Risk: A Proposal to Mitigate the Systemic Risks Posed by Money Market FUnds“. Now it is well known that any attempt to prevent a bank runs achieves nothing but merely accelerating just that (as Europe recently learned). But this coming from central planners – who never can accurately predict a rational response – is not surprising. What is surprising is that this proposal is reincarnated now. The question becomes: why now? What does the Fed know about market liquidity conditions that it does not want to share, and more importantly, is the Fed seeing a rapid deterioration in liquidity conditions in the future, that may and/or will prompt retail investors to pull their money in another Lehman-like bank run repeat?

Here is how the Fed frames the problem in the abstract: Continue reading »

Tags: Barack Obama, Collapse, ECB, Economy, Ernest Stern, EU, Europe, Fed, Federal Reserve, Government, Japan, Jean-Claude Trichet, Larry Summers, Mario Draghi, Martin Feldstein, Obama administration, Paul Krugman, Paul Volcker, Politics, Society, Stanley Fischer, Timothy Geithner, U.S., Yutaka Yamaguchi

Related article:

- Charlie Munger: Gold Is For Holocaust-Era Jewish Families To Sew Into Their Garments; Civilized People Don’t Buy Gold

Got gold and silver?

- Must Read: “Another Perspective” (ZeroHedge, May 14, 2012):

From Paul Brodsky and Lee Quaintance of QBAMCO

Another Perspective (pdf)

Two weeks ago, before Jamie Dimon’s thoughtful diversion, Charlie Munger of Berkshire Hathaway instructed viewers of CNBC that “civilized people don’t buy gold, they invest in productive businesses”. Munger was right in that civilized people invest in productive businesses and was right to imply that gold is a non-productive rock, but, in our humble opinion, he was wrong to suggest that gold does not have significant upside as an investment currently (even more than BRK/A?).

Continue reading »

Tags: Ben Bernanke, Berkshire Hathaway, Bonds, Central Bank, Charlie Munger, China, Debt, Economy, EU, Europe, Fed, Federal Reserve, Global News, Gold, Goldman Sachs, Government, Greece, IMF, Larry Summers, Politics, QBAMCO, Silver, Stock Market, Timothy Geithner, U.S., Unemployment, Wall Street, Warren Buffett

- INSIDE JOB (Documentary – Official Trailer in HD):

Amazon.com:
-Inside Job
- Inside Job [Blu-ray]

Only now does the Guardian report about this documentary. Just in time before the next crisis: The Greatest Depression.

See also:

- Former Governor Jesse Ventura Conspiracy Theory: Wall Street

- Former Assistant Secretary of Housing Catherine Austin Fitts: The Looting Of America

The film Inside Job brilliantly exposes the corruption in US banking that led to the 2008 crash. We ask four bankers for their verdict on this damning indictment of their world

Peter Bradshaw reviews Inside Job

An aerial view of Wall Street, the heart of the global financial meltdown. Photograph: Cameron Davidson

When Michael Moore made his debut feature, Roger and Me, he set about vilifying the boss of General Motors, the now deceased Roger B Smith, for destroying his home town of Flint, Michigan. Charles Ferguson’s film Inside Job attempts to blame a wider cast list for the banking crash of 2008 and explains why so little has been done to reform the financial world or bring criminal prosecutions against the main protagonists.

His villainous lineup includes bankers, politicians (many of whom were previously bankers), regulators, the credit ratings agencies and academics. When Glenn Hubbard, George Bush’s chief economic adviser and dean of Columbia Business School, is shown as a partisan advocate of deregulation, we have one of the movie’s punch-the-air moments. During the interview, Hubbard, who denies he was corrupted by his paid-for relationships with government, angrily barks: “You’ve got five minutes, mister. Give it your best shot.”

The spotlight has largely bypassed academics in the UK. There are plenty of economists who believed the banks understood what they were doing and supported deregulation. Whether they took large slugs of cash for writing poorly researched, cheerleading reports on the economic miracle in Iceland (pre-crash), as former US central banker Frederic Mishkin is found doing, is less clear. Over here, the relationship between academia and business appears to be more arm’s length, though London Business School dean Sir Andrew Likierman sits on the Barclays board, while Howard Davies, who argued for light-touch regulation while head of the Financial Services Authority, has become director of the London School of Economics. The UK’s chief villian, however, is probably the disgraced, but largely unpunished, banker Sir Fred Goodwin, the former boss of Royal Bank of Scotland, once the fifth-largest bank in the world.

In Inside Job, the name that keeps cropping up is Larry Summers, a friend of President Bill Clinton and more recently Barack Obama. Summers exemplifies the links between cheerleaders in academia, Wall Street, supine regulators and an ignorant Capitol Hill that Ferguson stresses were at the root of the problem. It helps that Summers looks like a mafia boss, but the difficulties in making the case against him are shown by the need to explain financial products like credit default swaps and how securitisation was used by banks to increase their borrowing.

Continue reading »

Tags: Banking, Barack Obama, cds, Citigroup, Derivatives, Derivatives market, Economy, Financial Crisis, Global News, Government, Inside job, Larry Summers, Politics, Stock Market, Wall Street

The Financial Crisis Inquiry Commission is releasing its report Thursday.

The New York Times has a preview of the report, which shows that the Commission will slam the right people for causing the financial crisis.

Barry Ritholtz gives a good summary of the Times’ article:

The many causal factors highlighted in the FCIC report:

• Alan Greenspan’s malfeasance — his refusal to perform his regulatory duties because he did not believe in them — allowed the credit bubble to expand, driving housing prices to dangerously unsustainable levels; Greenspan’s advocacy for financial deregulation was a “pivotal failure to stem the flow of toxic mortgages” and “the prime example” of government negligence;

• Ben S. Bernanke failed to foresee the crisis;

• The Bush administration’s “inconsistent response” — saving Bear, but allowing Lehman to crater — “added to the uncertainty and panic in the financial markets.”

• Bush Treasury secretary Henry M. Paulson Jr. wrongly predicted in 2007 that subprime meltdown would be contained.

• The Clinton White House, including then Treasury Secretary Lawrence Summers, made a crucial error in “shielding over-the-counter derivatives from regulation [CFMA]. This was “a key turning point in the march toward the financial crisis.”

• Then NY Fed President, now Treasury secretary Timothy F. Geithner failed to “clamp down on excesses by Citigroup in the lead-up to the crisis;” Further, a month before Lehman’s collapse, Geithner was still in the dark about Lehman’s derivative exposure;

• Low interest rates brought about by the Fed after the 2001 recession “created increased risks” but were not chiefly to blame, according to the FCIC (I place some more weight on Ultra-low rates than they do);

• The financial sector spent $2.7 billion on lobbying from 1999 to 2008, while individuals and committees affiliated with the industry made more than $1 billion in campaign contributions. The impact of which an incestuous relationship between bankers and regulators, Congress and bankers, and classic regulatory capture by the industry.

• The credit-rating agencies “cogs in the wheel of financial destruction.”

• The Securities and Exchange Commission allowed the 5 biggest banks to ramp up their leverage, hold insufficient capital, and engage in risky practices.

• Leverage at the nation’s five largest investment banks was wildly excessive: They kept only $1 in capital to cover losses for about every $40 in assets;

• The Office of the Comptroller of the Currency along with the Office of Thrift Supervision, “federally pre-empted” (blocked) state regulators from reining in lending abuses;

• The report documents “questionable practices by mortgage lenders and careless betting by banks;”

• The report portrays the “bumbling incompetence among corporate chieftains” as to the risk and operations of their own firms:

-Citigroup executives admitting that they paid little attention to the risks associated with mortgage securities.
-AIG executives were blind to its $79 billion exposure to credit default swaps;
-Merrill Lynch top managers were surprised when mortgage investments suddenly resulted in billions of dollars in losses;

Continue reading »

Tags: Banking, Ben Bernanke, Economy, Fed, Federal Reserve, Financial Crisis, Global News, Government, Henry Paulson, Larry Summers, Politics, SEC, Timothy Geithner, U.S.

If Nostradamus were alive today, he’d have a hard time keeping up with Gerald Celente.
– New York Post

When CNN wants to know about the Top Trends, we ask Gerald Celente.
– CNN Headline News

There’s not a better trend forecaster than Gerald Celente. The man knows what he’s talking about.
- CNBC

Those who take their predictions seriously … consider the Trends Research Institute.
– The Wall Street Journal

A network of 25 experts whose range of specialties would rival many university faculties.
– The Economist

Rage against the Fed, the Media and all things else

Added:15. December 2010

On Wikileaks:

- Who Is Really Behind Wikileaks?

- Wikileaks: A US Government Con Job

-  Wikileaks: Brought to you by the CIA or Mossad

More with Gerald Celente:

- America – The End of Liberty (Documentary)

- Interview With Gerald Celente: The Gestapo of Food

- Overdose – The Next Financial Crisis (Documentary)

- The No.1 Trend Forecaster Gerald Celente: And Now We’re Headed For The GREATEST Depression

Continue reading »

Tags: Afghanistan, Angela Merkel, Aspartame, Bank of America, Banking, Barack Obama, Ben Bernanke, CIA, Corporate Media, DHS, Economy, Fed, Federal Reserve, Food, Gerald Celente, Germany, Global News, Government, Hillary Clinton, Homeland Security, Interpol, Iraq, Ireland, Italy, Janet Napolitano, Julian Assange, Larry Summers, Law, New World Order, Obama administration, Police State, Politics, Quantitative Easing, Silvio Berlusconi, Society, Spain, Terrorism, Terrorists, U.K., U.S., UFO, Unemployment, Wall Street, War, WIKILEAKS

“BP Atlantis”!

President Obama in Port Fourchon, Louisiana, May 28, 2010.

This article originally appeared in RS 1107 from June 24, 2010.

(Rolling Stone Magazine) — On May 27th, more than a month into the worst environmental disaster in U.S. history, Barack Obama strode to the podium in the East Room of the White House. For weeks, the administration had been insisting that BP alone was to blame for the catastrophic oil spill in the Gulf – and the ongoing failure to stop the massive leak. “They have the technical expertise to plug the hole,” White House spokesman Robert Gibbs had said only six days earlier. “It is their responsibility.” The president, Gibbs added, lacked the authority to play anything more than a supervisory role – a curious line of argument from an administration that has reserved the right to assassinate American citizens abroad and has nationalized much of the auto industry. “If BP is not accomplishing the task, can you just federalize it?” a reporter asked. “No,” Gibbs replied.

Now, however, the president was suddenly standing up to take command of the cleanup effort. “In case you were wondering who’s responsible,” Obama told the nation, “I take responsibility.” Sounding chastened, he acknowledged that his administration had failed to adequately reform the Minerals Management Service, the scandal-ridden federal agency that for years had essentially allowed the oil industry to self-regulate. “There wasn’t sufficient urgency,” the president said. “Absolutely I take responsibility for that.” He also admitted that he had been too credulous of the oil giants: “I was wrong in my belief that the oil companies had their act together when it came to worst-case scenarios.” He unveiled a presidential commission to investigate the disaster, discussed the resignation of the head of MMS, and extended a moratorium on new deepwater drilling. “The buck,” he reiterated the next day on the sullied Louisiana coastline, “stops with me.”

What didn’t stop was the gusher. Hours before the president’s press conference, an ominous plume of oil six miles wide and 22 miles long was discovered snaking its way toward Mobile Bay from BP’s wellhead next to the wreckage of its Deepwater Horizon rig. Admiral Thad Allen, the U.S. commander overseeing the cleanup, framed the spill explicitly as an invasion: “The enemy is coming ashore,” he said. Louisiana beaches were assaulted by blobs of oil that began to seep beneath the sand; acres of marshland at the “Bird’s Foot,” where the Mississippi meets the Gulf, were befouled by shit-brown crude – a death sentence for wetlands that serve as the cradle for much of the region’s vital marine life. By the time Obama spoke, it was increasingly evident that this was not merely an ecological disaster. It was the most devastating assault on American soil since 9/11.

Like the attacks by Al Qaeda, the disaster in the Gulf was preceded by ample warnings – yet the administration had ignored them. Instead of cracking down on MMS, as he had vowed to do even before taking office, Obama left in place many of the top officials who oversaw the agency’s culture of corruption. He permitted it to rubber-stamp dangerous drilling operations by BP – a firm with the worst safety record of any oil company – with virtually no environmental safeguards, using industry-friendly regulations drafted during the Bush years. He calibrated his response to the Gulf spill based on flawed and misleading estimates from BP – and then deployed his top aides to lowball the flow rate at a laughable 5,000 barrels a day, long after the best science made clear this catastrophe would eclipse the Exxon Valdez.

Hours after BP’s rig sank on April 22nd, a white board in NOAA’s “war room” in Seattle displays the administration’s initial, worst-case estimate of the spill — 64,000 to 110,000 barrels a day.

Even after the president’s press conference, Rolling Stone has learned, the administration knew the spill could be far worse than its “best estimate” acknowledged. That same day, the president’s Flow Rate Technical Group – a team of scientists charged with establishing the gusher’s output – announced a new estimate of 12,000 to 25,000 barrels, based on calculations from video of the plume. In fact, according to interviews with team members and scientists familiar with its work, that figure represents the plume group’s minimum estimate. The upper range was not included in their report because scientists analyzing the flow were unable to reach a consensus on how bad it could be. “The upper bound from the plume group, if it had come out, is very high,” says Timothy Crone, a marine geophysicist at Columbia University who has consulted with the government’s team. “That’s why they had resistance internally. We’re talking 100,000 barrels a day.”

The median figure for Crone’s independent calculations is 55,000 barrels a day – the equivalent of an Exxon Valdez every five days. “That’s what the plume team’s numbers show too,” Crone says. A source privy to internal discussions at one of the world’s top oil companies confirms that the industry privately agrees with such estimates. “The industry definitely believes the higher-end values,” the source says. “That’s accurate – if not more than that.” The reason, he adds, is that BP appears to have unleashed one of the 10 most productive wells in the Gulf. “BP screwed up a really big, big find,” the source says. “And if they can’t cap this, it’s not going to blow itself out anytime soon.”

Even worse, the “moratorium” on drilling announced by the president does little to prevent future disasters. The ban halts exploratory drilling at only 33 deepwater operations, shutting down less than one percent of the total wells in the Gulf. Interior Secretary Ken Salazar, the Cabinet-level official appointed by Obama to rein in the oil industry, boasts that “the moratorium is not a moratorium that will affect production” – which continues at 5,106 wells in the Gulf, including 591 in deep water.

Most troubling of all, the government has allowed BP to continue deep-sea production at its Atlantis rig – one of the world’s largest oil platforms. Capable of drawing 200,000 barrels a day from the seafloor, Atlantis is located only 150 miles off the coast of Louisiana, in waters nearly 2,000 feet deeper than BP drilled at Deepwater Horizon. According to congressional documents, the platform lacks required engineering certification for as much as 90 percent of its subsea components – a flaw that internal BP documents reveal could lead to “catastrophic” errors. In a May 19th letter to Salazar, 26 congressmen called for the rig to be shut down immediately. “We are very concerned,” they wrote, “that the tragedy at Deepwater Horizon could foreshadow an accident at BP Atlantis.”

The administration’s response to the looming threat? According to an e-mail to a congressional aide from a staff member at MMS, the agency has had “zero contact” with Atlantis about its safety risks since the Deepwater rig went down. Continue reading »

Tags: Barack Obama, BP, Bush administration, Corporations, DHS, Disaster, Environment, George Bush, Government, Gulf of Mexico, Homeland Security, Janet Napolitano, Ken Salazar, Larry Summers, Minerals Management Service, NOAA, Obama administration, Politics, Rahm Emanuel, Robert Gibbs, Science, Scientists, U.S., White House

Bilderberg Meetings
Sitges, Spain 3-6 June 2010

Final List of Participants

Honorary Chairman BEL Davignon, Etienne Vice Chairman, Suez-Tractebel

DEU Ackermann, Josef Chairman of the Management Board and the Group Executive Committee, Deutsche Bank AG
GBR Agius, Marcus Chairman, Barclays Bank PLC
ESP Alierta, César Chairman and CEO, Telefónica
INT Almunia, Joaquín Commissioner, European Commission
USA Altman, Roger C. Chairman, Evercore Partners Inc.
USA Arrison, Sonia Author and policy analyst
SWE Bäckström, Urban Director General, Confederation of Swedish Enterprise
PRT Balsemão, Francisco Pinto Chairman and CEO, IMPRESA, S.G.P.S.; Former Prime Minister
ITA Bernabè, Franco CEO, Telecom Italia S.p.A.
SWE Bildt, Carl Minister of Foreign Affairs
FIN Blåfield, Antti Senior Editorial Writer, Helsingin Sanomat
ESP Botín, Ana P. Executive Chairman, Banesto
NOR Brandtzæg, Svein Richard CEO, Norsk Hydro ASA
AUT Bronner, Oscar Publisher and Editor, Der Standard
TUR Çakir, Ruşen Journalist
CAN Campbell, Gordon Premier of British Columbia
ESP Carvajal Urquijo, Jaime Managing Director, Advent International
FRA Castries, Henri de Chairman of the Management Board and CEO, AXA
ESP Cebrián, Juan Luis CEO, PRISA
ESP Cisneros, Gustavo A. Chairman and CEO, Cisneros Group of Companies
CAN Clark, W. Edmund President and CEO, TD Bank Financial Group
USA Collins, Timothy C. Senior Managing Director and CEO, Ripplewood Holdings, LLC
ITA Conti, Fulvio CEO and General Manager, Enel SpA
GRC David, George A. Chairman, Coca-Cola H.B.C. S.A.
DNK Eldrup, Anders CEO, DONG Energy
ITA Elkann, John Chairman, Fiat S.p.A.
DEU Enders, Thomas CEO, Airbus SAS
ESP Entrecanales, José M. Chairman, Acciona
DNK Federspiel, Ulrik Vice President Global Affairs, Haldor Topsøe A/S
USA Feldstein, Martin S. George F. Baker Professor of Economics, Harvard University
USA Ferguson, Niall Laurence A. Tisch Professor of History, Harvard University
AUT Fischer, Heinz Federal President
IRL Gallagher, Paul Attorney General
USA Gates, William H. Co-chair, Bill & Melinda Gates Foundation and Chairman, Microsoft Corporation
USA Gordon, Philip H. Assistant Secretary of State for European and Eurasian Affairs
USA Graham, Donald E. Chairman and CEO, The Washington Post Company
INT Gucht, Karel de Commissioner, European Commission
TUR Gürel, Z. Damla Special Adviser to the President on EU Affairs
NLD Halberstadt, Victor Professor of Economics, Leiden University; Former Honorary Secretary General of Bilderberg Meetings
USA Holbrooke, Richard C. Special Representative for Afghanistan and Pakistan
NLD Hommen, Jan H.M. Chairman, ING Group
USA Hormats, Robert D. Under Secretary for Economic, Energy and Agricultural Affairs
BEL Huyghebaert, Jan Chairman of the Board of Directors, KBC Group
USA Johnson, James A. Vice Chairman, Perseus, LLC
FIN Katainen, Jyrki Minister of Finance
USA Keane, John M. Senior Partner, SCP Partners
GBR Kerr, John Member, House of Lords; Deputy Chairman, Royal Dutch Shell plc.
USA Kissinger, Henry A. Chairman, Kissinger Associates, Inc.
USA Kleinfeld, Klaus Chairman and CEO, Alcoa
TUR Koç, Mustafa V. Chairman, Koç Holding A.Ş.
USA Kravis, Henry R. Founding Partner, Kohlberg Kravis Roberts & Co.
USA Kravis, Marie-Josée Senior Fellow, Hudson Institute, Inc.
INT Kroes, Neelie Commissioner, European Commission
USA Lander, Eric S. President and Director, Broad Institute of Harvard and MIT
FRA Lauvergeon, Anne Chairman of the Executive Board, AREVA
ESP León Gross, Bernardino Secretary General, Office of the Prime Minister
DEU Löscher, Peter Chairman of the Board of Management, Siemens AG
NOR Magnus, Birger Chairman, Storebrand ASA
CAN Mansbridge, Peter Chief Correspondent, Canadian Broadcasting Corporation
USA Mathews, Jessica T. President, Carnegie Endowment for International Peace
CAN McKenna, Frank Deputy Chair, TD Bank Financial Group
GBR Micklethwait, John Editor-in-Chief, The Economist
FRA Montbrial, Thierry de President, French Institute for International Relations
ITA Monti, Mario President, Universita Commerciale Luigi Bocconi
INT Moyo, Dambisa F. Economist and Author
USA Mundie, Craig J. Chief Research and Strategy Officer, Microsoft Corporation
NOR Myklebust, Egil Former Chairman of the Board of Directors SAS, Norsk Hydro ASA
USA Naím, Moisés Editor-in-Chief, Foreign Policy
NLD Netherlands, H.M. the Queen of the
ESP Nin Génova, Juan María President and CEO, La Caixa
DNK Nyrup Rasmussen, Poul Former Prime Minister
GBR Oldham, John National Clinical Lead for Quality and Productivity
FIN Ollila, Jorma Chairman, Royal Dutch Shell plc
USA Orszag, Peter R. Director, Office of Management and Budget
TUR Özilhan, Tuncay Chairman, Anadolu Group
ITA Padoa-Schioppa, Tommaso Former Minister of Finance; President of Notre Europe
GRC Papaconstantinou, George Minister of Finance
USA Parker, Sean Managing Partner, Founders Fund
USA Pearl, Frank H. Chairman and CEO, Perseus, LLC
USA Perle, Richard N. Resident Fellow, American Enterprise Institute for Public Policy Research
ESP Polanco, Ignacio Chairman, Grupo PRISA
CAN Prichard, J. Robert S. President and CEO, Metrolinx
FRA Ramanantsoa, Bernard Dean, HEC Paris Group
PRT Rangel, Paulo Member, European Parliament
CAN Reisman, Heather M. Chair and CEO, Indigo Books & Music Inc.
SWE Renström, Lars President and CEO, Alfa Laval
NLD Rinnooy Kan, Alexander H.G. Chairman, Social and Economic Council of the Netherlands (SER)
ITA Rocca, Gianfelice Chairman, Techint
ESP Rodriguez Inciarte, Matías Executive Vice Chairman, Grupo Santander
USA Rose, Charlie Producer, Rose Communications
USA Rubin, Robert E. Co-Chairman, Council on Foreign Relations; Former Secretary of the Treasury
TUR Sabanci Dinçer, Suzan Chairman, Akbank
ITA Scaroni, Paolo CEO, Eni S.p.A.
USA Schmidt, Eric CEO and Chairman of the Board, Google
AUT Scholten, Rudolf Member of the Board of Executive Directors, Oesterreichische Kontrollbank AG
DEU Scholz, Olaf Vice Chairman, SPD
INT Sheeran, Josette Executive Director, United Nations World Food Programme
INT Solana Madariaga, Javier Former Secretary General, Council of the European Union
ESP Spain, H.M. the Queen of
USA Steinberg, James B. Deputy Secretary of State
INT Stigson, Björn President, World Business Council for Sustainable Development
USA Summers, Lawrence H. Director, National Economic Council
IRL Sutherland, Peter D. Chairman, Goldman Sachs International
GBR Taylor, J. Martin Chairman, Syngenta International AG
PRT Teixeira dos Santos, Fernando Minister of State and Finance
USA Thiel, Peter A. President, Clarium Capital Management, LLC
GRC Tsoukalis, Loukas President, ELIAMEP
INT Tumpel-Gugerell, Gertrude Member of the Executive Board, European Central Bank
USA Varney, Christine A. Assistant Attorney General for Antitrust
CHE Vasella, Daniel L. Chairman, Novartis AG
USA Volcker, Paul A. Chairman, Economic Recovery Advisory Board
CHE Voser, Peter CEO, Royal Dutch Shell plc
FIN Wahlroos, Björn Chairman, Sampo plc
CHE Waldvogel, Francis A. Chairman, Novartis Venture Fund
SWE Wallenberg, Jacob Chairman, Investor AB
NLD Wellink, Nout President, De Nederlandsche Bank
USA West, F.J. Bing Author
GBR Williams, Shirley Member, House of Lords
USA Wolfensohn, James D. Chairman, Wolfensohn & Company, LLC
ESP Zapatero, José Luis Rodríguez Prime Minister
DEU Zetsche, Dieter Chairman, Daimler AG
INT Zoellick, Robert B. President, The World Bank Group

Rapporteurs
GBR Bredow, Vendeline von Business Correspondent, The Economist
GBR Wooldridge, Adrian D. Business Correspondent, The Economist

Source: Bilderberg Meetings

See also:

- Spanish PM to Open Secretive Bilderberg Club Meeting in Sitges

- Bilderberg 2010: The Shadowy Global Elite Is Meeting In Sitges

- Bilderberg investigation revealed to European Parliament

- The Elitist Takeover of Poland: IMF’s Marek Belka, Polish Ex-PM and Bilderberg Member Proposed as Polish Central Bank Head

Tags: Airbus, Austria, Bilderberg, Coca Cola, Daimler, Deutsche Bank, Dieter Zetsche, Economy, EU, Euro, Europe, Fiat, France, Gates Foundation, George A. David, Germany, Henry Kissinger, Italy, James Wolfensohn, John Elkann, John Micklethwait, José Luis Rodríguez Zapatero, Josef Ackermann, Klaus Kleinfeld, Larry Summers, Marcus Agius, Paul Volcker, Politics, Richard Holbrooke, Richard Perle, Robert Rubin, Robert Zoellick, Siemens, Sitges, Spain, Thomas Enders, U.K., U.S.

Date: 22nd Apr 10

More from Gerald Celente:

- The No.1 Trend Forecaster Gerald Celente on ObamaCare, Dollar Devaluation And Gold

- Gerald Celente: This time they will close the Banks & Wall Street (03/27/10)

- Gerald Celente: ‘It’s the greatest bank robbery in world history and the banks are doing the robbing.’

- Gerald Celente: ‘The Crash is Coming in 2010.’

- The No.1 Trend Forecaster Gerald Celente: Financial Mafia Controlling US and Wall Street

- Survivor, America: ‘It’s Only Going to Get Worse,’ Gerald Celente Says

- The No.1 Trend Forecaster Gerald Celente: The Terror And The Crash of 2010

If Nostradamus were alive today, he’d have a hard time keeping up with Gerald Celente.
– New York Post

When CNN wants to know about the Top Trends, we ask Gerald Celente.
– CNN Headline News

There’s not a better trend forecaster than Gerald Celente. The man knows what he’s talking about.
- CNBC

Those who take their predictions seriously … consider the Trends Research Institute.
– The Wall Street Journal

A network of 25 experts whose range of specialties would rival many university faculties.
– The Economist

Tags: Barack Obama, Economy, Fed, Federal Reserve, Gerald Celente, Goldman Sachs, Government, Larry Summers, Law, Obama administration, Politics, U.S., Wall Street

Added: 3. März 2010

Continue reading »

Tags: AIG, Bailout, Banking, Bill Clinton, Bubble, CO2, Commodities, Derivatives, Derivatives market, Economy, Financial Crisis, Global News, Goldman Sachs, Government, Henry Paulson, Internet, Larry Summers, Mortgage crisis, Mortgages, Oil, Oil Prices, Politics, Robert Rubin, Timothy Geithner, U.S., Wall Street