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Institute for Truth Studies

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By James P. Tucker, Jr.

DUBLIN, Ireland—Trilateral Commission (TC) members, angry over their failure to establish a world government and the economic crisis they generated, called for war with Iran when they gathered behind closed doors here in Dublin, Ireland May 7-10.

War plans were revealed by Mikhail Slobodovsici, a chief adviser to the Russian leadership, when he strolled off the grounds of the Four Seasons resort, where TC had hunkered down behind armed guards and locked doors. He thought he was talking to a TC colleague when speaking with Alan Keenan, who operates the web site

“We are deciding the future of the world,” Slobodovsici said. “We need a world government,” he said, but, referring to Iran, said “we need to get rid of them.”

Clearly, it was a TC war call. Many of the TC’s billionaires and millionaires are heavily invested in manufacturing, and wars produce huge profits.

Suddenly, Slobodovsici noticed that Keenan’s nametag was different from the TC label and said: “I can’t talk—we operate under Chatham House rules.”

Slobodovsici was ordered by the TC to order more apologies for the slaughter of an estimated 30 to 60 million inhabitants of the old Soviet Union by dictator Josef Stalin. Prime Minister Vladimir Putin had abjectly apologized on the anniversary of the Katyn Forest execution of 20,000 Polish soldiers. Putin admitted that the massacre was conducted by the Soviets, not by Germans, which the Communists had claimed for half a century. Nevertheless, Russian President Dmitry Medvedev apologized again the next day (May 9), denouncing Soviet citizens for tolerating the slaughter, saying they were fully aware of the bloodletting.

Never have the illustrious members of the TC been so depressed.

“It gets worse every year, not better,” one said. “Why do we even bother to meet anymore?”

“We can’t simply give up and quit,” another responded. “Bilderberg expects us to have a plan outlined.”

Much of their distress is due to the failure to establish a world government. In the 1990s, both TC and Bilderberg confidently predicted they would obtain a world government by the year 2000. A decade later, their goal is even further away. This they blame on detested “nationalists,” who oppose surrendering sovereignty to international bodies.


Bilderberg will meet June 4 to June 7 in Sitges, Spain, a resort city about 20 miles from Barcelona to make final decisions on what to impose upon the world.

Bilderberg will seal off the entire grounds of the Dolce Resort with armed guards and private security. Bilderberg is composed of about 120 international financiers, heads of state from Europe and high officials of the  White House, and the secretaries of the State and Commerce departments, among others.

The TC is the junior varsity, with slightly more than 300 participants. Bilderberg, the senior group in the wannabe secret world government, has slightly more than 100. The two groups have an interlocking leadership and common goal of a world government under their control.

Still, the TC attracts heads of state and other high officials in Europe and international financiers, including David Rockefeller and members of the Rothschild family. High officials of the Obama administration from the White House and departments of Treasury, State and Commerce will attend.

TC boys are upset they were unable to exploit the economic crisis they helped generate by creating a world “treasury department” under the UN. They blame “rising nationalism” and ask “how those people knew about this,” according to witnesses inside the TC hotel. Still, the TC is charging ahead. In a commentary based on interviews with (or dictated by) TC leaders, economist Richard Douthwaite wrote May 7 in The Irish Times:

Economic growth cannot increase incomes reliably and quickly enough to deliver the desired result. The only possible remedy is inflation. This could be engineered by having the European Central Bank create money out of nothing to give all the euro zone countries to spend. . . . Another irrational obstacle is the feeling that money cannot be created out of nothing. . . .

In this column, Douthwaite calls for Europe’s central bank to turn on the printing presses in the same way the privately owned and controlled Federal Reserve Bank has been flooding its cronies in the United States with dollars.

According to banking regulations in Europe, the European Central Bank is limited in how many euros it can release into the money supply through a 2-percent cap on inflation. Douthwaite, however, would like to see this hobble taken off the bankers.

In the United States, the Federal Reserve has been handing out free money to its member banks by lowering the discount rate to near zero. In Europe, Douthwaite writes, “this could be engineered by having the European Central Bank create money out of nothing to give to all the euro zone countries to spend.”

The result, he notes, would be inflation, because more money would be in circulation for governments to pay their bills. But he doesn’t see that as a bad thing.

However, as Rep. Ron Paul (R-Texas) notes, the problem with inflation is that it hurts the working class because it acts like an indirect tax.

“Simply put, printing money to pay for federal spending dilutes the value of the dollar, which causes higher prices for goods and services,” says Paul. “Savers and those living on fixed or low incomes are hardest hit as the cost of living rises. Low- and middle-income families suffer the most as they struggle to make ends meet while wealth is literally transferred from the middle class to the wealthy.”

The phony money idea was embraced by Gary Jenkins of Evolution Securities. He said the EU Central Bank may begin to print more money to dig itself out. “If we approach the brink, it may just be the only viable option left,” Jenkins said. “Only the ECB can print euros to save the system.”

For now, Jean-Claude Trichet, the president of the European Central Bank, denies that he will be turning on the printing presses. Trichet appears to be in the minority here, and pressure on the part of the globalists may eventually force him to increase inflation in an effort to stave off the inevitable collapse of the EU.

Ireland’s prime minister, Brian Cowen, was invited to make a welcoming address at the TC confab, then get out. This is routine with TC and Bilderberg: The head of the host country speaks, then leaves. But Cowen resented being banished, so he deliberately appeared 35 minutes late—and TC boys are unaccustomed to being kept waiting.

Paul Volker, chairman of President Obama’s Economic Recovery Advisory Board and a past Fed chairman, expressed his anger with hostile questions. Cowen had tried to distance Ireland’s economy from that of Greece and other EU countries that are under attack for the economic crisis.

Volker told Cowen that while he had been “historically . . . very much attracted to the euro,” it was now “challenged.” Volker said: “You face some very difficult decisions here, but the general question of having an independent central bank, the common interest rate, the common currency . . . I’m just curious, in your mind, as to whether that does raise questions on the general governing structures of Europe.

“You’re not in favor of more centralization, as I understand it, although other people are, but what does this crisis mean for how Europe moves ahead?” Volker asked.

Cowen conceded that the euro faced problems with its credibility. He said EU finance ministers would be reviewing “present arrangements” in the months ahead to see how they could be improved “in a way that would add credibility to the currency and in a way that would meet with wide popular agreement.”

In other action, the TC plans to:

Raise gas costs in the United States. Europeans now pay $10 a gallon, Americans about $3. The TCers say Americans must pay $7.

Oil is being produced at only 81 percent of capacity to increase demand and, thus, prices. Many of the members were born to oil wealth.

They celebrate the healthcare legislation, which they believe will dramatically increase costs and reduce services. It is European style, and Obama is their boy. They look forward to the day when Americans pay at least 50 percent of their income in federal taxes, as is prevalent in Europe.

AFP editor James P. Tucker Jr. is a veteran journalist who spent many years as a member of the “elite” media in Washington. Since 1975 he has won widespread recognition, here and abroad, for his pursuit of on-the-scene stories reporting the intrigues of global power blocs such as the Bilderberg Group. Tucker is the author of Jim Tucker’s Bilderberg Diary: One Man’s 25-Year Battle to Shine the Light on the World Shadow Government. Bound in an attractive full-color softcover and containing 272 pages—loaded with photos, many never published before—the book recounts Tucker’s experiences over the last quarter century at Bilderberg meetings. $25 from AFP. No charge for S&H in U.S.

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(Issue # 21, May 26, 2010)

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