French online magazine Mediapart.fr has an intriguing analysis of the new "technocrats" who will have to save the Euro and the European Union. All three, Lucas Papademos, Mario Monti and Mario Draghi (ECB) have worked or are connected to Goldman Sachs, the bank which helped cook the books of Greece to enter the eurozone.
Here is an interesting extract of this excellent piece of journalism:
“Sont-ils vraiment les hommes de la situation ? Car à y regarder de plus près, ces hommes ont été de toutes les expériences passées de l’Europe. Ils ont eu non seulement un rôle actif dans son évolution mais ont aussi, si ce n’est initié, au moins couvert les trucages, les manipulations, les errements qui se trouvent aujourd’hui au cœur de la crise de l’Europe et de l’euro. Avec Mario Draghi, le nouveau président de la Banque centrale européenne, ils ont formé un trio qui a été au cœur des problèmes des dettes souveraines, entretenant une proximité plus qu’étroite avec Goldman Sachs et les banques américaines sur le sujet. Les mêmes banques qui aujourd’hui spéculent contre les Etats européens et l’euro. “
Tarig Anter said:
For the first time the EuroNews TV stated in a news bulletin two days ago that the new PMs of Greece and Italy and other EU officials are Goldman Sachs associates and ex-employees.
Italian new PM was Sachs’ employee; and
Lucas Papademos, was ex-senior economist at the Boston Federal Reserve.
Goldman Sachs was one of the heaviest users of Federal Reserve’s Emergency Liquidity Programs loan facilities
Stephen Friedman, a former director of Goldman Sachs, was named Chairman of the Federal Reserve Bank of New York in January 2008
Tarig Anter said:
Financiers’ Reich is Buying Some European Countries
I intend to investigate an assumption that major German and British investment banks and financiers who are the main creditors and lenders for many European countries in the last twenty years deliberately created the current European sovereign debt disasters to gain control over certain countries.
The reason behind this accusation is very logical and clear. To protect investors, normal creditors in any situation shall definitely refrain from lending to any already heavily indebted entity or state.
The questions posed here to readers are:
1- Do you have any idea why these investment banks and financiers provided bad debts?
2- Do you know the names and ownerships of the major investors and creditors to each European country in crisis?
3- Why the EU institutions did not warn and intervene before approving the loans to heavily indebted countries?
4- Why the EU is suddenly very vigorous in dealing with debt default and bankruptcy while they were watching the clear problems in the making?
5- What made elected governments exceed any reasonable debt ceiling and overspend beyond their capacity?
6- Why the essential financial and economic prerequisites of the EU were relaxed and allowed heavily indebted countries to gain membership?
7- How far the EU and the financial markets are legally allowed to topple democratically elected governments and appoint unelected rulers?
8- What are the invisible relationships between the EU institutions and those investment banks and financiers?
9- Why the credit rating system was not applied to states that exceeded reasonable Debt/GDP ratio?
10- Why very rich countries like the USA, Germany, Luxembourg, Belgium, Switzerland, Austria, Sweden, Denmark, Finland, Norway, France, and the UK are the top indebted countries without interference?
I appreciate any information and comments on these questions to let everybody know the truth behind the unholy alliance between bankers; bureaucrats; and senior officials in any country.
The core of the problem was most likely irresponsible lending by banks. A credit bubble was created through banks lending out money to individuals and businesses to acquire assets that proved to be worth less than the amount of the loans. This was especially true in the real estate sector – something we also saw happening in the United States.
What is called “irresponsible lending by banks” is actually a deliberate act of sabotage for the sovereignty of specifically targeted some European states.
It is a replay of the tragic comedy “The Merchant of Venice”. cutting a iuſt pound of his fleſh
But can the money lenders take their loot without dropping blood?
These debts were made with evil intentions and they must be either written off or rescheduled by the people without additional usury.
Blindfolded Monkey said:
Neither. The Germans are taking over.
Tarig Anter said:
I think the German politicians are being used by globalist bankers like Goldman Sachs and the other families who are really pulling the strings.
Also all the EU institutions which are controlled by the German government and politicians are actually in the hands of globalist bankers like Goldman Sachs and the other families.
The common Germans, and those in the Duchy of Luxembourg and Brussels, are just enjoying the privileges of hosting the command and control centers. The technocrats are petty employees for however pay them.
So, the answer for the title of this post in my opinion is: Goldman Sachs and his group.
Tarig Anter said:
Many people cannot see or don’t want to believe that the EU is the main tool of globalist bankers.
The main challenges for EU governments surely will not come from internal problems, because major German and British investment banks and financiers are taking over Europe in an advanced leap to globalist hegemony.
United by “all means” is in Angela Merkel’s warnings: “Another half century of peace and prosperity in Europe is not to be taken for granted. If the euro fails, Europe fails. We have a historical obligation: To protect by all means Europe’s unification process begun by our forefathers after centuries of hatred and blood spill. None of us can foresee what the consequences would be if we were to fail.”
Thanks for the information and more about Goldman Sachs men in the EU Stephen Foley wrote in The Independent on 18 November 2011:
“What price the new democracy? Goldman Sachs conquers Europe”