A report by the world's leading investigator into the secretive Bilderberg Group
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.
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.
Daniel Estulin, June 2012