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Global Elites Struggle to Keep EU, Euro Intact
By James P. Tucker Jr.
Bilderberg members pushed hard in a frantic attempt to save
the euro during the recent weekend-long economic summit in Toronto, but this
action was ignored by the major media, which is under control of the secret
group of international financiers and political czars.
“As the euro faces a challenge like none before, the
question is whether it will last,” wrote Neil Irwin of the
Bilderberg-controlled Washington Post way over in Frankfurt,
Germany, as heads of state
were gathering in Ontario, Canada’s largest city.
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“The debt crisis that began in Greece and menaces half a dozen
other European nations has caused the euro to lose 15 percent of its value
relative to the dollar since January,” he wrote. “Some economists consider it
obvious that the currency union will not survive in its present form, that one
or more southern European nations will end up reverting to liras, pesetas and
drachmas.”
What Irwin failed to write is that this is what was being
said inside the Toronto G-20 summit.
As we go about our busy lives, the future of the euro and
the European Union itself is being addressed in Toronto
and Paris, with most leaders acting in unison in
an effort to save the euro—which was high on the Bilderberg agenda in early
June at their secretive meeting in Spain.
Saving the euro appears to be critical to Bilderberg’s
overall plans. Their shadowy schemes have been seriously set back in recent
years, to maintain the European Union’s role as a single superstate and to
create a parallel “American Union” that also would use a continental currency,
the “amero.”
In a glass skyscraper in Paris, a Bilderberg-connected banker named
Jean-Claude Trichet and his 16,000 employees are struggling to save the euro
and promote the “amero.” The European Central Bank is under heavy pressure to
save the euro. So Trichet’s bank is buying billions of euros worth of
government bonds in an effort to stabilize markets. But this has generated new
tensions as Germany
objects, saying it is a violation of the central bank’s rules. Unlike Ben
Bernanke’s Federal Reserve, the European Central Bank must strictly monitor
inflation and is limited in the amount of euros it can loan into circulation.
As the economy fizzled further, Trichet decided that the
goal of European unity was more important than the law and presented a
compromise: They would buy bonds on the open market, not directly from
governments, ducking the prohibition on funding government debt. At the same
time, they would take other steps to avoid increasing the money supply to ease
inflationary pressures.
In Toronto,
Bilderberg-linked participants strongly supported Trichet’s money plan. “It’s
the only way to save the euro, and without the euro, the European Union falls
apart and the American Union never comes into existence” said one, echoing the
agony expressed at Bilderberg’s meeting in Spain. “We can’t let that happen,
ever.”
“Euro-area governments have effectively thrown away the rule
book,” moaned Volker Wieland, an economist at Goethe University Frankfurt.
“It’s a complete regime change. No bailouts and individual fiscal
responsibility have been replaced with mutual guarantees” for government debt.
Bilderberg also is reportedly supporting strong
international regulations on banks, as a step toward creating a world treasury
department, which gained much approval in Toronto.
“The stakes are so high, I think the incentives are high to
sort it out,” Wieland said.
Jim Tucker is editor emeritus of American Free Press and the author of The Bilderberg Diaries.
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(Issue # 17, April 26, 2010)
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