IMF, Europe In Trouble

IMF, Europe In Trouble

Is anybody surprised by this headline? This is the ticking of the clock approaching midnight and the folks running the show still haven’t figured out how to stop the slide…

Christine Lagarde: IMF may need billions in extra funding

Christine Lagarde has signalled that the International Monetary Fund (IMF) may have to tap its members – including Britain – for billions of pounds of extra funding to stem the European debt crisis. (more…)

Catherine Austin Fitts On Fukushima And The Global Economy, 5.25.2011

Catherine Austin Fitts On Fukushima And The Global Economy, 5.25.2011

Jeff Rense interviewed Catherine Austin Fitts on May 25th, 2011 starting with the Strauss-Kahn arrest and the possible replacements at the IMF.  Catherine continues with how a small group of people are holding the world hostage with invisible weaponry, the nuclear meltdown at Fukushima and it’s effect on the global economy, the deflationary spiral that is occurring, the liberal money printing policy, and how most of the world is withdrawing from any economic moves.  Jeff and Catherine also discuss how Americans are paying for their own enslavement and their astonishment when it comes to Americans still using the big banks like Bank of America when it is better for communities to keep those funds in community banks.  If you are not familiar with CAF, make sure to check out the related links at the bottom of the post for many more informative articles, especially ‘The Looting Of America’. (more…)

Gerald Celente, 6.21.2011: IMF, ‘Loan Sharks Of Last Resort’

Financial Armageddon? Nothing To See Here, Move Along…

Numerous readers have sent the following story to me today, and probably because we are all so desensitized to the impending financial armageddon (remember when I was telling readers to buy silver at $7 and now it’s close to $50), and because I am more concerned about what is happening with the Fukashima reactors melting down and their accompanying 660,000 spent fuel rods, I did not get around to posting it until now. Yes kids, we are officially fooked financially unless we get some true leadership in the White House and clear out the remaining criminals in the district.  Desperate times call for drastic measures. If you would like to get a peek at what is coming in the urban centers of this country, go here; these guys ain’t lying.  On the bright side, Ron Paul is on his way to his third presidential race. Yes, one can dream that sanity could possibly reside in the White House.

From MarketWatch:

IMF bombshell: Age of America nears end
Commentary: China’s economy will surpass the U.S. in 2016

BOSTON (MarketWatch) — The International Monetary Fund has just dropped a bombshell, and nobody noticed.

For the first time, the international organization has set a date for the moment when the “Age of America” will end and the U.S. economy will be overtaken by that of China.
IMF sees China topping U.S. in 2016

According to the latest IMF official forecasts, China’s economy will surpass that of America in real terms in 2016 — just five years from now. Brett Arends looks at the implications for the U.S. dollar and the Treasury market.

And it’s a lot closer than you may think.

According to the latest IMF official forecasts, China’s economy will surpass that of America in real terms in 2016 — just five years from now.

Put that in your calendar.

According to the IMF forecast, which was quietly posted on the Fund’s website just two weeks ago, whoever is elected U.S. president next year — Obama? Mitt Romney? Donald Trump? — will be the last to preside over the world’s largest economy.

Most people aren’t prepared for this. They aren’t even aware it’s that close. Listen to experts of various stripes, and they will tell you this moment is decades away. The most bearish will put the figure in the mid-2020s.

Read the rest at the link above.

Bankrupting Us is The Goal!! – Alex Jones Tv 1/3

Bankrupting Us is The Goal!! – Alex Jones Tv 2/3

Bankrupting Us is The Goal!! – Alex Jones Tv 3/3

Onto Fukashima.  The RedLemur has noticed that Discovery’s ‘Science Channel’ is covering the Japan earthquake and the Fukashima reactors this week.  It will be interesting to see what the MSM has to say about those reactors as scientists and physicians are talking about the fallout and the current meltdown crisis while the media has had nothing but crickets for us for weeks.  If it is as bad as Leuren Moret and Dr. Helen Caldicott state, we can all stop worrying about the IMF, China, the dollar, and quitting smoking.

Megaquake: Hour that Shook Japan

Experience Japan’s earthquake and tsunami through new footage and first person accounts. Understand the mega-physics inside this latest Ring of Fire cataclysm that rocked the Earth on its axis. Scientists explore whether the Pacific NW U.S. could be next.

Nuclear Nightmare: Japan in Crisis

A comprehensive timeline of the unthinkable natural disaster that triggered a nuclear crisis at Fukushima Daiichi. Paula Zahn takes us inside the dramatic story in Japan, and explores out what it will mean for nuclear power in the United States.

 

What ‘US Dollar Loses Reverse Status’ Actually Means

What ‘US Dollar Loses Reverse Status’ Actually Means

I may have mentioned last week that we have gone over the proverbially cliff and have not yet hit the rocks below, and that the ground is coming up fast and that it is really gonna suck when we hit.

The ground is closer:

From the Washington Times:

Federal deficit on track for a record this fiscal year

Government debt to exceed U.S. economy

and this from Bloomberg:

Geithner Quietly Tells Obama Debt-to-GDP Cost Poised to Increase to Recor

Barack Obama may lose the advantage of low borrowing costs as the U.S. Treasury Department says what it pays to service the national debt is poised to triple amid record budget deficits.

Interest expense will rise to 3.1 percent of gross domestic product by 2016, from 1.3 percent in 2010 with the government forecast to run cumulative deficits of more than $4 trillion through the end of 2015, according to page 23 of a 24-page presentation made to a 13-member committee of bond dealers and investors that meet quarterly with Treasury officials.

(snip)

The amount of marketable U.S. government debt outstanding has risen to $8.96 trillion from $5.8 trillion at the end of 2008, according to the Treasury Department. Debt-service costs will climb to 82 percent of the $757 billion shortfall projected for 2016 from about 12 percent in last year’s deficit, according to the budget projections.

Budget Proposal

That compares with 69 percent for Portugal, whose bonds have plummeted on speculation it may need to be bailed out by the European Union and International Monetary Fund.

Forecasts of higher interest expenses raises the pressure on Obama to plan for trimming the deficit. The President, who has called for a five-year freeze on discretionary spending other than national security, is scheduled to release his proposed fiscal 2012 budget today as his administration and Congress negotiate boosting the $14.3 trillion debt ceiling.

What is currently happening with the devaluation of the dollar and what you need to know to survive the crash starting with the United States government being the biggest debtor in the world, US dollars (Federal Reserve Notes) being the world’s reserve currency and what happens when other countries stop accepting those dollars (hint: oil skyrockets), how the entire world is moving away from the dollar as the world’s reserve currency – and what that means exactly for us poor slobs.  Mr. Stansberry also lays out what you need to do to protect what little wealth you may have left. (Disclaimer: this video is actually an advertisement for a subscription newsletter – sign up at your own risk.  I am posting it for educational purposes as information contained is pertinent.  Do your own due diligence on Mr. Stansberry’s company.)

Many of my readers have watched this one hour and sixteen minute video, but the newly minted awakees have not.  I urge everyone to find the time to watch this video in it’s entirety!  You will learn economic history that you may not have known and useful (unreported tidbits) like many new currencies being traded inside the United States like the Berkshares being traded in the Berkshire region of Massachusetts.

Porter Stansberry – The End Of America:

A small excerpt:

Let me back up, and show you in the simplest terms possible, what is going on, why I am so concerned, and what I believe will happen in the next twelve months.

In short, I believe that we as Americans are about to see a major, major collapse in our national monetary system, and our normal way of life.

Basically, for many years now, our government has been borrowing so much money (very often using short-term loans), that very soon, we will no longer be able to afford even the interest on these loans.

I say these things as an expert in accounting and financial research.

You may not think things are THAT BAD in the US economy, but consider this simple fact from the National Inflation Association:

Even if all US citizens were taxed at 100% of their incomes, it would still not be enough to balance the federal budget. We’d still have to borrow money just to maintain the status quo.

Ron Paul’s ‘Straight Talk’, 2.14.2011

The Fed Has Failed: Money Printing Can’t Create Actual Jobs

The Noose Hiding In Plain Sight: The United Nations #1

The Noose Hiding In Plain Sight: The United Nations #1

(Editor’s Note:  As with all the information presented in the ‘Noose’ series of articles, please keep an open mind, read the material and corresponding links, do the homework and stop being JUST A MOO producing a revenue stream for the powers that be.  Be skeptical; I am.  Ask the hard questions.  Now more Americans are awake than ever; join us and help us find the ‘real truth’ that has been hidden for centuries.  The more people turning over rocks, the faster the truth is going to be known.)


Over the course of the last two months traveling through the labyrinth, I have found it incredibly hard to find a starting point for this series of articles.  In desperation, I finally decided to start writing about current events and how discovered research applied to today’s news.  Take, for example, the run on Kabul Bank, and the corresponding actions by Afghanistan Central Bank and our Treasury which leads back to the UN, IMF, The Fed, etc.  We all know who the players are, what we haven’t been able to prove exactly the combination of who, what, where, when, and how when it comes to wars, national bankruptcies, treaties, government as corporations, and politicians as corporate entities because A) we have been blanketed with thousands of pages in hopes of demoralizing us, and B) much of the documentation is hidden from the public.  We know this.  To give you some idea of the scope, I spent the morning reading the Paris Peace Treaty of 1783, Bush 41’s EO 12803, and Clinton’s EO 13037 after I had come up empty-handed looking for monetary information on the U.S. Treasury setting up the Afghanistan Central Bank.  I know our treasury spent our money on yet another central bank, but find out how much of the billions we have poured into Afghanistan went to establish the bank and anything other than 2002 as a date?  Nada.  What about Iraq’s central bank which came into existence in 1956 and was nationalized in 1964?  Did it change when our government toppled Saddam’s regime?  Does it look like The Federal Reserve?  What do you think?

Central Bank of Iraq Law Fact Sheet:

Financial Services Tribunal

The CBI law establishes a Financial Services Tribunal empowered to review decisions and orders of the CBI including actions taken by a conservator or receiver under the Banking Law. The Tribunal is not authorized to review CBI decisions or actions concerning monetary policy and exchange rate policy. The Tribunal will comprise panels of judges appointed by the Minister of Justice. Articles 63-70

What about this?

Prior Law
The prior law governing the Central Bank of Iraq was the Central Bank of Iraq Law No. 64 of 1976. The prior law is repealed by the new law. Article 73 In July the Coalition Provisional Authority issued CPA Order No. 18, “Measures to Ensure the Independence of the Central Bank of Iraq.” This order suspended the authority of the CBI to lend to Iraqi Government Ministries and gave the CBI authority to determine and implement monetary and credit policy without the approval of the Ministry of Finance.

Who then would be giving the Central Bank of Iraq their marching orders considering the state the country is still in?

Does this look familiar?

The bank is in charge of:

  • Maintaining price stability
  • Implementing monetary policy (including exchange rate policies)
  • Managing foreign reserves
  • Issuing and managing the currency
  • Regulating the banking sector for promoting a competitive and stable financial system

I am currently contemplating turning my living room wall into a whiteboard to keep track of all the different parties and agendas in play.  What I have been able to ascertain is that the United Nations appears to be ‘the face’ and the hub from which all the different coalitions and policies are being sent forth; equivalent to the biggest airport terminal in the world.  I would dearly love to know exactly who owns the airport; ‘The International Banksters’ isn’t specific enough for me.  I want names; all their names.

Please take five minutes to watch this video and I guarantee you will be as skeptical as I still am, but more questions than answers still remain.  Why does our government vote against its constituents?  Why does the FBI consider ‘American Sovereigns’ to be domestic terrorists? Why have the police been para-militarized, and over-react on a daily basis?  Why have doctors stopped curing conditions and only treat symptomology?  Why has Monsanto been allowed to run wild in Iraq and Afghanistan?  Why did WE spend $582 Million to build an Embassy complex in Iraq? Why has the Federal Reserve been allowed to prosper when they have done nothing except the opposite of their supposed mission to ensure economic stability?  Why does any nation follow any proposal the United Nations puts forward when nothing but wars and genocide have happened under their ‘peaceful’ watch?

30 Little Known Facts About America:

From FoxNews, 9.8.2010:

EXCLUSIVE: After a Year of Setbacks, U.N. Looks to Take Charge of World’s Agenda

By George Russell

After a year of humiliating setbacks, United Nations Secretary General Ban ki-Moon and about 60 of his top lieutenants — the top brass of the entire U.N. system — spent their Labor Day weekend at a remote Austrian Alpine retreat, discussing ways to put their sprawling organization in charge of the world’s agenda.

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The Federal Reserve Manages The Decline (And It Does Not Have To Be This Way)

A daily dose of realism from Inflation.us; China dumping American T-bills, the Fed’s predictions for slower recovery requiring more stimulus and more monetization of the debt, foreclosures, etc.  Keep in mind that the entire stated purpose of the Federal Reserve System is to set monetary policy to ensure economic stability.  The same formula as the United Nations’ Charter is to establish an end to war and genocide…and both organizations were brought to you by the same progressives.

Fed Gets More Power, Responsibility

After fending off most challenges to its independence and winning new powers to oversee big financial firms, the Federal Reserve has emerged from a bruising debate on the overhaul of U.S. financial rules as perhaps the pre-eminent regulator in the sector. But that could only bring it added blame if things go wrong again.

Instead, the new law gives the Fed more power and a better tool box to help prevent financial crises. It will become the primary regulator for large, complex financial firms of all kinds, such as American International Group, the insurer which built a massive derivatives portfolio that regulators didn’t see until it was too late.

This isn’t the first time Congress has expanded the Fed’s role. After the Great Depression, it passed the Employment Act in 1946, charging the Fed with averting the huge unemployment seen in the 1930s. After the double-digit inflation of the 1970s, the Fed was formally given a dual mandate of promoting both price stability and maximum sustainable employment. In the wake of the latest financial crisis, the Fed is effectively being told to add the maintenance of financial stability to its responsibilities.

Chinese rating agency strips Western nations of AAA status

China’s leading credit rating agency has stripped America, Britain, Germany and France of their AAA ratings, accusing Anglo-Saxon competitors of ideological bias in favour of the West.

Dagong Global Credit Rating Co used its first foray into sovereign debt to paint a revolutionary picture of creditworthiness around the world, giving much greater weight to “wealth creating capacity” and foreign reserves than Fitch, Standard & Poor’s, or Moody’s.

The US falls to AA, while Britain and France slither down to AA-. Belgium, Spain, Italy are ranked at A- along with Malaysia.

Meanwhile, China rises to AA+ with Germany, the Netherlands and Canada, reflecting its €2.4 trillion (£2 trillion) reserves and a blistering growth rate of 8pc to 10pc a year.

Dominique Strauss-Kahn, chief of the International Monetary Fund, agreed on Monday that the rising East is a transforming global force. “Asia’s time has come,” he said.

The IMF expects Asia to grow by 7.7pc in 2010, vastly outpacing the eurozone at 1pc and the US at 3.3pc. Emerging nations hold 75pc of the world’s $8.4 trillion (£5.6 trillion) of reserves.

For more about “Socialist Party of France” member, Dominique Stauss-Kahn, hit this link.

Dollar Declines Most in 14 Months on Signs of Economic Slowdown

July 17 (Bloomberg) — The dollar fell the most against the euro in 14 months and dropped to the lowest level this year versus the yen as economic reports added to evidence that the U.S. recovery is losing momentum.

The greenback touched a level weaker than $1.30 versus the shared currency as minutes of the Federal Reserve meeting last month indicated policy makers trimmed their forecasts for growth. The euro rallied for a third straight week against the dollar before partial results of stress tests on the region’s banking system due on July 23.

“It’s really dollar weakness based on some evidence the economy is slowing,” said Vassili Serebriakov, a currency strategist at Wells Fargo & Co. in New York. “The economic indicators are pointing strongly toward slower growth in the second half of the year.”

Fed Minutes

Minutes of the Fed’s June meeting indicated that U.S. central bankers were concerned about lingering high unemployment and risks that inflation could decelerate further. If the outlook worsened, the Federal Open Market Committee would need to consider whether additional stimulus was appropriate, the minutes said.

For those that are interested in the Federal Open Market Committee (that’s a joke) Meeting minutes of June 22-23, 2010, go here.

US Dollar Headed In Wrong Direction

…tied inexorably to the direction of Chairman Zero’s transformational agenda.

109 Days to go!

July 9.2010

Central banks start to abandon the U.S. dollar

There’s mounting evidence that central bankers have little faith in the greenback these days. Can we blame them?

by Heidi N. Moore, contributor

There are those who would argue that the financial crisis was caused by over-enthusiastic worship of the Almighty Dollar. Call it brutal financial karma, but that church is looking pretty empty these days.

A new report from Morgan Stanley analyst Emma Lawson confirms what many had suspected: the dollar is firmly on its way to losing its status as the reserve currency of the world. We already knew that central banks have preferred gold to dollars, and that they’re even selling their gold for cash; now, according to Lawson’s data, it seems that those central banks prefer almost anything to dollars.

Lawson found that central banks have dropped their allocation to U.S. dollars by nearly a full percentage point to 57.3% from 58.1%, and calls this “unexpected given the global environment.” She adds, “over time we anticipate that reserve managers may reduce their holdings further.”

What is surprising is that the managers of those central banks aren’t buying traditional fall-backs like the euro, the British pound or the Japanese yen. Instead, she suggests they’re putting their faith in other dollars – the kind that come from Australia and Canada. The allocation to those currencies, which fall under “other” in the data, rose by a full percentage point to 8.5%, accounting almost exactly for the drop in the U.S. dollar allocation.

Just last week, America’s debt lept $166 billion in a single day. That one-day run-up is greater than the entire U.S. annual deficit in 2007. And Americans, the world’s consumers, continue much of the behavior that helped the U.S savings rate drop so low.

The other options that reserve managers seem to be taking are also not a surprise. Canada’s rude financial health – and robust banks – were bound to draw more attention. The Australian dollar is near a nine-month high because employment numbers there are strong.

Anybody remember seeing this on July 11th?

Secret gold swap has spooked the market

It takes a lot to spook the solid old gold market. But when it emerged last week that one or more banks had lent 380 tonnes of gold to the Bank of International Settlements in return for foreign currencies, there was widespread surprise and confusion.

The news that a mystery bank has just pawned the family jewels gave traders a jolt – nervous about the sudden transfer of almost 20pc of the world’s annual gold production and the possibility of a sell-off.

In a tiny footnote in its annual report, the bank disclosed its unusually large holding of gold, compared with nothing the year before. The disclosure was a large factor in the correction of the gold price this week, which fell below $1,200 for the first time in more than a month.

Meanwhile, economists and gold market-watchers were determined to hunt down which bank is short of cash – curious about who is using their stash of precious metal for what looks suspiciously like a secret bailout.

At first it looked like the BIS was swapping gold with a troubled central bank. After all, the institution is the central bankers’ bank and its purpose to conduct transactions with national monetary authorities.

Central banks in the troubled southern zone of Europe were considered the most likely perpetrators.

According to the World Gold Council, central banks in Greece, Spain and Portugal held 112.2, 281.6 and 382.5 tons of gold respectively in June – leading analysts to point fingers at Portugal, or a combination of the three.

But Edel Tully, an analyst from UBS, noted that eurozone central banks would be severely limited with what they could do with the influx of extra cash – unable to transfer it straight to governments or make use of the primary bond markets.

She then listed the only other potential monetary authorities with enough gold as the US, China, Switzerland, Japan, Russia, India and Taiwan – and the International Monetary Fund.

This led to musings that the counterparty was the IMF, making sense because the lender of last resort is historically prone to cash shortages and has been quietly selling off gold in the first half of the year.

Renowned gold expert Jim Sinclair adopted this explanation. The panic came when people mistook a lease for a swap, he argues. Far from being a big release of gold into the market, it is simply a commercial arrangement between the IMF and BIS with a favourable rate of interest paid for the foreign currency.

“Gold swaps are usually undertaken by monetary authorities,” he writes on his industry blog, MineSet. “The gold is exchanged for foreign exchange deposits with an agreement that the transaction be unwound at a future time at an agreed price.

“The IMF will pay interest on the foreign exchange received. Historically swaps occur when entities like the IMF have a need for foreign exchange, but do not wish to sell the gold. In this case, gold is a leveraging device for needed currency to meet requirements.

“The many reports that characterise the large IMF gold swap as a sale of gold into the markets do not understand the difference between a swap and a lease.”

However, the day after original reports about the swaps, BIS emailed a statement saying that the swaps had not been conducted with monetary authorities but purely with commercial banks. (emphasis mine)

This did nothing to quell the sense of mystery surrounding the deal or deals. It is almost inconceivable that a single commercial bank could have accumulated so much gold alone. And cynics have suggested that the whole affair still looks like a secretive European bailout that a single country wants to keep quiet.

In this case, one or more of the so-called bullion banks – which act as wholesale market-makers and include Goldman Sachs, Deutsche Bank, JP Morgan, HSBC, Barclays, UBS, Societe Generale, Mitsui and the Bank of Nova Scotia – would have agreed to act on behalf of a monetary authority. (Almost all of these banks received US dollars from the AIG  bailout)

This would add an extra layer of anonymity. “So the BIS swaps look like a tripartite transaction,” writes Adrian Douglas of the Gold Anti-Trust Association. “The commercial bank or banks made a swap with a central bank or banks and then the commercial bank or banks made a swap with the BIS.”

…or what is more commonly known in the real world as “Covering Your Tracks”.

The Bilderberg Group Is Only The Face Of The Poisonous Web

There are many theories as to who the shadow players are that are driving the world’s inhabitants towards extinction in their all-knowing, “we have to get the population to the 500 million mark”, but I still consider the chase of the money trail to be the most advantageous to finding out who is doing what.

I just ran across this opinion piece in The Guardian and felt that it eloquently conveyed the message for those of you that still don’t understand or don’t care about the elites that gather to decide your destiny. For many that are just waking up to the globalists in our elected leadership, you must understand that the United Nations, the IMF, the World Bank, the Bank of International Settlements, WHO, the Federal Reserve, and the central banks throughout the world must be booted out of this country, and their insane One World Corporation philosophy has to be decimated.PERIOD.

The Bilderberg Group is just the most visible face of the poisonous web that has engulfed the world.

I want you to know, though, that the people who are crawling around on pine needles with long lenses, trying to identify delegates (and doing pretty well, by the way), the people who are being detained, searched, questioned, then heading out again into the hills, the people who are sitting late into the night at the campsite bar, talking about distracted populations and central banks, are not lunatics.

Bilderberg 2010: Why the protesters are your very best friends

The people who are being detained, searched and questioned are not playing some game. They are deadly serious, and they are worried to death

Ivan was alone on the roundabout. He had been left in charge of the banners while everyone else ate breakfast.

He slipped an empty bottle of red wine into a binliner and stretched. At his feet was a chalk-drawn pyramid showing the structure of society, the word “pueblo” at the bottom, and the tip pointing up the hill towards Bilderberg. It’s a short pyramid today, maybe half a heavily-armed mile from Rockefeller down to Ivan.

Ivan’s bed last night – is it had been the night before – was the scrub by the roadside. “It’s not so cold in my bag,” he said. “A lot of times I travel in the mountains – in the mountains, you can sleep anywhere.”

A lone Catalonian in green trousers, he clutched a leaflet and stood in the Sitges sun as, up the hill, billionaires and finance ministers ate kiwifruit patisseries.

The shame, the awful poignancy of Bilderberg, is that, for much of the time, there are more delegates up the hill than there are protesters at the foot of it.

On that point, there’s something I’d like you to do. I’d like you to extend a grateful thought, a prayer of thanks, an idle nod of acknowledgment – a something, an anything – towards Ivan and all the others who have come to Sitges to bear witness to Bilderberg 2010.

These people are on your side, they are fighting your corner. And if you don’t think it’s a corner that needs fighting, or if it’s a corner you think is being fought by the people up the hill … well, good luck to you.

I want you to know, though, that the people who are crawling around on pine needles with long lenses, trying to identify delegates (and doing pretty well, by the way), the people who are being detained, searched, questioned, then heading out again into the hills, the people who are sitting late into the night at the campsite bar, talking about distracted populations and central banks, are not lunatics.

They are your very best friends. They’re not feeble-minded or playing some kind of game. They are deadly serious, and they are worried to death.

These people look at the state of the world and they pack a rucksack and sleep at the side of a roundabout.

The head of the IMF (and Bilderberger), Dominique Strauss-Kahn, looks at the world and declares: “Crisis is an opportunity.” He sees the precarious global economy and floats the idea for “a new global currency issued by a global central bank”. (emphasis mine)

Now, if you think that’s a good idea – if you think yet more centralisation of debt (and interest payments), and more unelected financial control is a good thing – then good luck (what are you? The chairman of Barclays?)

We already have a world, says Daniel Estulin, the arch Bilderbotherer, “where unelected bodies like the IMF can tell sovereign nations like Greece what to do”.

Estulin is here in Sitges, wearing the fanciest trousers I’ve seen in a long time. He says the Bilderberg endgame is “one world company ltd”. And the board of directors is sitting half a mile away.

And they’re being watched. I can’t say from where – I don’t know where the guerilla camerafolk are out crawling today. And I can’t ring them, because they’ve turned their mobiles off and taken out the sim cards so they can’t be triangulated by the signal.

They’re out getting sunstroke on your behalf, on my behalf. I’ll publish some of their photos, and some of their spottings, tomorrow.

Later today, a bunch of Spanish activists are providing paella for everyone in a mountain restaurant. Some of us won’t make it. Some of us will be under arrest, or lying in a ditch holding our breath until the footsteps pass.

One last time: if you think what they’re doing is ridiculous, you’re wrong. It’s the fact they’re having to do it at all that’s absurd.

This morning, a policeman screeched up beside me as I went for a stroll and told me to take the recording device out of my pocket. I did. It was a bit of driftwood from the beach. Yesterday, I had my car searched (and was detained for 50 minutes while the Mossos d’Esquadra checked and rechecked my passport).

They asked me what was in the boot. I dug them out a T-shirt. The patrolman radioed the station and read out the slogan on the shirt in heavily accented English: “I went to Bilderberg 2010 and all I got was this lousy new world order.” His partner asked me why I was laughing. I couldn’t really explain.

BIlderberg is an absurdity. The secrecy is absurd. The lack of a relationship between the event and the mainstream media is absurd. Ivan standing alone by his roundabout bed is absurd. The paranoia of the participants is more than absurd – it’s pathetic.

This year, most of the delegates were whisked into the hotel through an underground entrance, dodging the lenses, like a bunch of James Bond baddies, like a dieter creeping downstairs at midnight to eat chocolate cake from the fridge.

But the good news is that not everyone has dodged the cameras (John Elkann, the heir to Fiat, was spotted by the German blog Schall und Rauch looking particularly dapper this year). And the even better news – the very best news – is that the press seems, finally, to have woken up to Bilderberg.

We have had camera crews from Spanish TV and Spanish newspapers both local and national (Javier from El Mundo is currently up a tree with a camera). French journalists, Portuguese documentary makers and al-Jazeera are picking up the story. Russia Today has sent a film crew.

We’ve had articles in the Independent and the Times, and on the Today programme on Radio 4. Daniel Estulin has been doing interview after interview. He’s getting quotes from inside the meeting. The veil of secrecy is looking decidedly tatty. It might be time to bin it.

And yet the veil of ignorance is still holding up pretty well. As Ivan says, handing me a leaflet from the Anwok collective, “it is difficult to talk about the Bilderberg agenda if people don’t even know about the group”.

I know what he means – I’ve spoken to countless news agencies and outlets in the last few weeks, and the most common response, from journalists, editors and commissioners, is: “I’m sorry, the Bilderberg what?”

But seriously, if you work on the foreign desk of a major news corporation and you’re at the “Bilderberg what?” level of political awareness, you need to think about getting a different job. Take a sabbatical. Take up carpentry, or read a book. It’s like calling yourself a porn star and not knowing the reverse cowgirl. “The reverse what…?”

Get with the programme. Shimmy up a pine tree. Take a leaflet. Resign. You’re not helping anyone.

The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered. – Thomas Jefferson

Charlie Skelton, Guardian UK reporter, being interviewed by Alex Jones about the Bilderberg Group meeting:

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