Protect Democracy & Expose Western Liberal Democracy


The Independent published on 18 November 2011 this revealing article written by Stephen Foley.

What price the new democracy? Goldman Sachs conquers Europe

Goldman Sachs Men in the EU

While ordinary people fret about austerity and jobs, the eurozone’s corridors of power have been undergoing a remarkable transformation

The ascension of Mario Monti to the Italian prime ministership is remarkable for more reasons than it is possible to count. By replacing the scandal-surfing Silvio Berlusconi, Italy has dislodged the undislodgeable. By imposing rule by unelected technocrats, it has suspended the normal rules of democracy, and maybe democracy itself. And by putting a senior adviser at Goldman Sachs in charge of a Western nation, it has taken to new heights the political power of an investment bank that you might have thought was prohibitively politically toxic.

This is the most remarkable thing of all: a giant leap forward for, or perhaps even the successful culmination of, the Goldman Sachs Project.

It is not just Mr Monti. The European Central Bank, another crucial player in the sovereign debt drama, is under ex-Goldman management, and the investment bank’s alumni hold sway in the corridors of power in almost every European nation, as they have done in the US throughout the financial crisis. Until Wednesday, the International Monetary Fund’s European division was also run by a Goldman man, Antonio Borges, who just resigned for personal reasons.

Even before the upheaval in Italy, there was no sign of Goldman Sachs living down its nickname as “the Vampire Squid”, and now that its tentacles reach to the top of the eurozone, sceptical voices are raising questions over its influence. The political decisions taken in the coming weeks will determine if the eurozone can and will pay its debts – and Goldman’s interests are intricately tied up with the answer to that question.

Simon Johnson, the former International Monetary Fund economist, in his book 13 Bankers, argued that Goldman Sachs and the other large banks had become so close to government in the run-up to the financial crisis that the US was effectively an oligarchy. At least European politicians aren’t “bought and paid for” by corporations, as in the US, he says. “Instead what you have in Europe is a shared world-view among the policy elite and the bankers, a shared set of goals and mutual reinforcement of illusions.”

This is The Goldman Sachs Project. Put simply, it is to hug governments close. Every business wants to advance its interests with the regulators that can stymie them and the politicians who can give them a tax break, but this is no mere lobbying effort. Goldman is there to provide advice for governments and to provide financing, to send its people into public service and to dangle lucrative jobs in front of people coming out of government. The Project is to create such a deep exchange of people and ideas and money that it is impossible to tell the difference between the public interest and the Goldman Sachs interest.

Mr Monti is one of Italy’s most eminent economists, and he spent most of his career in academia and thinktankery, but it was when Mr Berlusconi appointed him to the European Commission in 1995 that Goldman Sachs started to get interested in him. First as commissioner for the internal market, and then especially as commissioner for competition, he has made decisions that could make or break the takeover and merger deals that Goldman’s bankers were working on or providing the funding for. Mr Monti also later chaired the Italian Treasury’s committee on the banking and financial system, which set the country’s financial policies.

With these connections, it was natural for Goldman to invite him to join its board of international advisers. The bank’s two dozen-strong international advisers act as informal lobbyists for its interests with the politicians that regulate its work. Other advisers include Otmar Issing who, as a board member of the German Bundesbank and then the European Central Bank, was one of the architects of the euro.

Perhaps the most prominent ex-politician inside the bank is Peter Sutherland, Attorney General of Ireland in the 1980s and another former EU Competition Commissioner. He is now non-executive chairman of Goldman’s UK-based broker-dealer arm, Goldman Sachs International, and until its collapse and nationalisation he was also a non-executive director of Royal Bank of Scotland. He has been a prominent voice within Ireland on its bailout by the EU, arguing that the terms of emergency loans should be eased, so as not to exacerbate the country’s financial woes. The EU agreed to cut Ireland’s interest rate this summer.

Picking up well-connected policymakers on their way out of government is only one half of the Project, sending Goldman alumni into government is the other half. Like Mr Monti, Mario Draghi, who took over as President of the ECB on 1 November, has been in and out of government and in and out of Goldman. He was a member of the World Bank and managing director of the Italian Treasury before spending three years as managing director of Goldman Sachs International between 2002 and 2005 – only to return to government as president of the Italian central bank.

Mr Draghi has been dogged by controversy over the accounting tricks conducted by Italy and other nations on the eurozone periphery as they tried to squeeze into the single currency a decade ago. By using complex derivatives, Italy and Greece were able to slim down the apparent size of their government debt, which euro rules mandated shouldn’t be above 60 per cent of the size of the economy. And the brains behind several of those derivatives were the men and women of Goldman Sachs.

The bank’s traders created a number of financial deals that allowed Greece to raise money to cut its budget deficit immediately, in return for repayments over time. In one deal, Goldman channelled $1bn of funding to the Greek government in 2002 in a transaction called a cross-currency swap. On the other side of the deal, working in the National Bank of Greece, was Petros Christodoulou, who had begun his career at Goldman, and who has been promoted now to head the office managing government Greek debt. Lucas Papademos, now installed as Prime Minister in Greece’s unity government, was a technocrat running the Central Bank of Greece at the time.

Goldman says that the debt reduction achieved by the swaps was negligible in relation to euro rules, but it expressed some regrets over the deals. Gerald Corrigan, a Goldman partner who came to the bank after running the New York branch of the US Federal Reserve, told a UK parliamentary hearing last year: “It is clear with hindsight that the standards of transparency could have been and probably should have been higher.”

When the issue was raised at confirmation hearings in the European Parliament for his job at the ECB, Mr Draghi says he wasn’t involved in the swaps deals either at the Treasury or at Goldman.

It has proved impossible to hold the line on Greece, which under the latest EU proposals is effectively going to default on its debt by asking creditors to take a “voluntary” haircut of 50 per cent on its bonds, but the current consensus in the eurozone is that the creditors of bigger nations like Italy and Spain must be paid in full. These creditors, of course, are the continent’s big banks, and it is their health that is the primary concern of policymakers. The combination of austerity measures imposed by the new technocratic governments in Athens and Rome and the leaders of other eurozone countries, such as Ireland, and rescue funds from the IMF and the largely German-backed European Financial Stability Facility, can all be traced to this consensus.

“My former colleagues at the IMF are running around trying to justify bailouts of €1.5trn-€4trn, but what does that mean?” says Simon Johnson. “It means bailing out the creditors 100 per cent. It is another bank bailout, like in 2008: The mechanism is different, in that this is happening at the sovereign level not the bank level, but the rationale is the same.”

So certain is the financial elite that the banks will be bailed out, that some are placing bet-the-company wagers on just such an outcome. Jon Corzine, a former chief executive of Goldman Sachs, returned to Wall Street last year after almost a decade in politics and took control of a historic firm called MF Global. He placed a $6bn bet with the firm’s money that Italian government bonds will not default.

When the bet was revealed last month, clients and trading partners decided it was too risky to do business with MF Global and the firm collapsed within days. It was one of the ten biggest bankruptcies in US history.

The grave danger is that, if Italy stops paying its debts, creditor banks could be made insolvent.  Goldman Sachs, which has written over $2trn of insurance, including an undisclosed amount on eurozone countries’ debt, would not escape unharmed, especially if some of the $2trn of insurance it has purchased on that insurance turns out to be with a bank that has gone under. No bank – and especially not the Vampire Squid – can easily untangle its tentacles from the tentacles of its peers. This is the rationale for the bailouts and the austerity, the reason we are getting more Goldman, not less. The alternative is a second financial crisis, a second economic collapse.

Shared illusions, perhaps? Who would dare test it?

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Comments on: "The new democracy: Goldman Sachs conquers Europe" (3)

  1. looks like Goldman Sachs relentless march to dominate continues. Its more profitable to control policy from the inside.

    • Cullino, 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.”

  2. michael13 said:

    BARBARIC GOLDMAN SACHS-ROTHSCHILDS IMPLEMENTS GENOCIDES AND MISERY IN UNITED STATES AND EUROPE

    ” Wall Street Wants A Pound Of Your Flesh, And Obama Is Giving It To Them!
    October 27, 2013 • 1:54PM

    Statement from the LaRouchePAC Policy Committee

    ” Obamacare is not a disaster that was never intended to function. Its sole purpose was to justify massive reduction in the population, targeting the elderly and the poor first. Obama, under Wall Street and Bush family direction, has cut Medicare, Social Security, Veterans and unemployment the last four years to serve one simple end: lower the global population to less than 1 billion…………………”

    Download PDF

    http://larouchepac.com/node/28685

    1) THE ABOLITION OF THE GLASS-STEAGALL ACT PLAYED A FUNDAMENTAL ROLE IN THE POLICE OF MASSIVE REDUCTION OF THE POPULATION.

    ” Under Glass-Steagall, U.S. enjoyed nearly 50 years of prosperity
    October 30, 2013 • 4:48PM

    “Under Glass-Steagall, the nation enjoyed nearly 50 years of prosperity. Commercial banks loaned money. Investment banks did deals. Securities firms sold stocks and bonds. Insurance companies sold insurance. It worked,” points out St. Louis Post-Dispatch.
    The reprint of the Post-Dispatch article in a website, Creators.com indicates the growing urge among the millions to reinstate the Glass-Steagall Act of 1933 and prevent a massive financial and economic collapse which many fear is waiting in the wings.
    Recalling the role of Robert Rubin, President Clinton’s Treasury Secretary and co-chairman of Goldman Sachs in repealing Glass-Steagall, St. Louis Post-Dispatch went on to say that the boom years of the 2000s seemed to validate his wisdom. The world was awash in cheap capital. But, “then came 2008. The big banks had used federally insured deposits to invest in exotic financial instruments backed by outrageous mortgages. The banks were leveraged far beyond what their capital holdings would support. The world financial system teetered on the brink.”
    Pointing out the failure of President Obama to change the economic situation that existed in 2008, Post-Dispatch says : “Here’s a campaign slogan: Bring back Glass-Steagall. It was good enough for FDR. It was good enough for 50 years of prosperity. The money that is churning through international finance these days is doing just that — churning, creating profits, not jobs. It makes food and fuel and most everything else more expensive. It is an outsized Ponzi-scheme that enriches the few at the expense of the many.” http://larouchepac.com/node/28722
    ( Pro-Manufacturing Senators: Return to Glass-Steagall and the FDR Paradigm http://larouchepac.com/node/28715 )

    WHO CONTROLS GOLDMAN SACHS, ONE OF THE BANKS THAT WANTED THE ABOLITION OF THE GLASS-STEAGALL ACT ?

    GOLDMAN SACHS IS CONNECTED ALSO WITH WARREN BUFFET A FRIEND OF JACOB ROTHSCHILD AND EVELYN DE ROTHSCHILD.
    Lord JACOB ROTHSCHILD “Hosted the European Economic Round Table conference in 2002 at Waddesdon Manor, attended by such figures as James Wolfensohn, Nicky Oppenheimer, Warren Buffet, and Arnold Schwarzenegger ” https://wikispooks.com/ISGP/organisations/introduction/PEHI_Jacob_de_Rothschild_bio.htm https://wikispooks.com/ISGP/organisations/introduction/PEHI_Evelyn_de_Rothschild_bio.htm
    The same Warren Buffet, that is chairman of Berkshire Hathaway, ” agreed to purchase $5 billion in Goldman’s preferred stock “.
    https://en.wikipedia.org/wiki/Goldman_Sachs https://en.wikipedia.org/wiki/Berkshire_Hathaway
    GOLDMAN SACHS IS CONNECTED ALSO WITH THE EDMOND DE ROTHSCHILD. http://uk.linkedin.com/in/ruperttipler http://www.zoominfo.com/p/Christoph-Ladanyi/23971288
    THE EDMOND DE ROTHSCHILD IS OWNED BY BENJAMIN DE ROTHSCHILD ( https://en.wikipedia.org/wiki/Benjamin_de_Rothschild ) AND BY HIS WIFE ARIANE DE ROTHSCHILD
    ( https://en.wikipedia.org/wiki/Ariane_de_Rothschild ) http://www.lejdd.fr/Economie/Images/Les-plus-grosses-fortunes-de-France/Benjamin-de-Rothschild-206941
    ” Benjamin de Rothschild, only son of the late Edmond de Rothschild, was a classic case of great expectations gone astray. Despite being groomed for greatness from a young age, as a teenager he skipped university and instead headed for Los Angeles with dreams of being a film producer. In LA he started taking drugs, and ended up on heroin. Meanwhile, he failed to make it into Hollywood’s charmed circle and bombed as a film-maker. ” http://www.independent.co.uk/arts-entertainment/poor-little-rich-boys-1097744.html

    2) “Easy-Kill” Emanuel Trotted Out to Defend Nazi Obamacare
    October 28, 2013 • 8:47AM

    Displaying its typically unrepentant, “in your face” attitude, the Obama administration deployed Ezekiel “Easy-Kill” Emanuel this past weekend, to proclaim the virtues and success of Obamacare, even while making clear that its purpose is to kill people. Emanuel, one of Obamacare’s chief architects, is perhaps the most visible face of its evil Nazi intent—other than Obama himself.
    First in an Oct. 25 interview with Fox News, and then in an appearance on CNN’s “State of the Union” program this morning, Emanuel arrogantly waved off all charges that over a million people had had their health insurance plans canceled in the last few weeks because these didn’t conform to Obamacare’s standards, but that they would now end up paying much higher premiums and/or wouldn’t be able to access healthcare because of the fiasco of the healthcare.gov website.
    To the charge by Fox’s Megyn Kelly and CNN’s Candy Crowley that Obama’s promise, “if you like your healthcare plan, you can keep it,” was an empty one, Easy-Kill huffed and puffed, telling Crowley that the insurance plans that were just cancelled “are not worth the paper they’re written on.” Obamacare offers much better care, he insisted. He had told Fox’s Kelly earlier that if insurance companies are raising their premiums or changing plans, or if employers are changing plans or not offering them, well, too bad. “That’s not the government doing this.” The numbers being reported on young people not signing up “are irrelevant,” he said. It will all be fixed in due time. The United Healthcare-linked Steve Zients, hired to fix all the glitches, is a great guy and he’ll take care of it.
    Making clear that Obamacare really is about killing, Ezekiel cited as its “successes” the fact that hospital re-admission rates are already dropping, and that one of its key advantages will be that a lot more care “is going to be moved into the home”—naturally, since hospitals and clinics are being shut down at an accelerating rate—and that this is “very appropriate, because we’re going to have a lot more ability to monitor people in the home, fewer infections, fewer falls and a big cost savings.”
    Louisiana Rep. John Fleming, also a physician with an active medical practice, challenged Ezekiel’s flippant remarks, pointing out that Obamacare means the end of the family physician and medical practices, rubbing in that Emanuel “is not a physician in the classic sense in terms of actually seeing patients…. He sits behind a desk reading all of the studies…. but the people are now experiencing all the damage and hurt that’s coming from this.” http://larouchepac.com/node/28690

    ezekiel emanuel IS LINKED WITH obama AND THEREFORE WITH GOLDMAN SACHS. http://prof77.wordpress.com/politics/an-updated-list-of-goldman-sachs-ties-to-the-obama-government-including-elena-kagan/

    “Key figures in bringing about the ACA—including several with direct involvement in imposing this on the British health system— have explicitly expressed the T4 principle, that there are “lives not worthy” to continue.
    Dr. Ezekiel Emanuel, a longtime advocate for this Hitler health view, was appointed by Obama, in early 2009, as the health adviser to the Office of Management and Budget. In April, 2009, he was put on the new Federal Coordinating Council on Comparative Effectiveness Research, to devise rationalizations for cutting medical treatment. In particular, Emanuel stressed that the Hippocratic Oath caused “over-use” of medical resources, which must stop. ” http://larouchepac.com/node/28620

    “It was the launch of his presidential campaign and Goldman executives soon gave over $800,000 to jump start the Obama presidential bid along with collecting millions of dollars from their fellow Wall Street firms and clients. Oh yes, Robert Rubin became the Obama economic expert, a former CEO of Goldman Sachs. Billionaire Warren Buffet became his most trusted economic advisor, a man who was to invest $5 billion in Goldman Sachs in the height of the economic meltdown. Yet Buffet was also a personal guest of Lord Rothschild at a private conference at his English estate.”
    http://bignews.biz/?id=788260&pg=2&keys=financial-Rothschilds-Goldman-presidency

    ” Millions of Americans get their news from FOX News, the Wall Street Journal, or through some other news outlet owned by Rupert Murdoch. FOX News and Murdoch-owned news outlets generally support U.S. military action against Syria, but they do not inform their viewers and readers that Mr. Murdoch has a vested interest in war with Syria. Rupert Murdoch is part-owner of an Israeli-American company that has been granted the rights to explore for oil on the Golan Heights – Israeli-occupied Syrian land. It is highly unethical for FOX News not to disclose this information to its viewers.
    Israel has granted oil exploration rights inside Syria, in the Israeli-occupied Golan Heights, to Genie Energy. Rupert Murdoch and Lord Jacob Rothschild are major shareholders of Genie Energy – which also has interests in shale gas in the United States and shale oil in Israel. Dick Cheney is also on the company’s advisory board. ”
    http://therebel.org/index.php?option=com_content&view=article&id=686198:rupert-murdoch-and-lord-rothschild-the-oil-barons-of-occupied-syria&catid=139:bollyn&Itemid=1310&acm=636_685
    ” Elizabeth Neilson used the unflattering phrase as she remembered the ‘crazy’ life her model daughter Annabelle was sucked into after she met Rothschild on a beach in Bali in 1995.
    The pair were married for about two years, divorcing in 1998.
    The short-lived marriage, which it is understood Annabelle ended, was turbulent from the outset, with reports that the pair moved with a fast crowd of heavy drinkers and drug users in New York and London.
    Mrs Neilson also made it plain yesterday that neither she nor any memberof her family wanted to have anything to do with Nat Rothschild [son of Jacob Rothschild ] or his family again.
    Speaking from her £3million home in Chelsea, West London, she said: ‘Nat’s a very naughty boy. He always was when he was younger. ”
    http://www.dailymail.co.uk/news/article-1080664/Nat-Rothschild-naughty-boy-says-mother-law.html

    ” Obama Cutting Food for 47 Million Americans
    October 30, 2013 • 4:43PM

    President Obama bears direct responsibility for the cuts in food consumption coming now for the 47 million Americans who need and use food stamps to avoid “food insecurity” for themselves and malnutrition for their children.
    In 2009, when mass unemployment struck the United States and 15% were falling below even the absurdly low “official poverty line”, the so-called Stimulus Act (ARRA) added a subsidy to monthly food stamp “payments”. The subsidy has varied but has averaged $9 billion/year, as the number of Americans needing food stamps rapidly rose from 36 million to 47 million. But on several occasions in budget battles since then, Obama has told Democrats in Congress that there was “extra money in food stamps” which they should offer to cut as of FY2013 or FY2014, in order to avoid other cuts. Why “extra”? Because Obama’s “recovery” would lower the number of people needing the SNAP program.
    Congressional Democrats finally took Obama’s advice and ended the ARRA subsidy as of Nov. 1, 2014 — now. Many thought they would restore the funds later, but that did not happen.
    On Nov. 1, then, with the national official poverty rate at about 16.2%, there will be a SNAP cut of $5 billion for 2014 (from an $80 billion annual level). This is a 5% cut in the level of benefits nationally, from a maximum of $133 to $124/month (individual) and from a maximum of $668 to $632/month for a family of four — most states’ levels are lower.
    These cuts, dangerous to life, result directly from Obama’s “budget strategy”, which also includes cuts to Social Security and Medicare, some of which he has not yet forced Democrats to go ahead with.
    At the same time, the Farm Bill Senate/House conferees who met Oct. 30 are considering further cuts, of between $4.5 billion (Senate) and $40 billion (House) over 10 years. These cuts will reduce the number of recipients. The House version would knock about 5 million people off food stamps, and 280,000 children off free school lunches as well.
    Today 39 Democratic Senators, realizing that senior citizens, children, and disabled people, in particular, will die or suffer diseases of malnutrition as a result of this double-cut to SNAP, addressed a letter to the House/Senate conferees, urging that they make no “drastic cuts”.
    Also simultaneously, many states are imposing or considering additional cuts in eligibility, which will take still more food-short Americans off the SNAP program. ” http://larouchepac.com/node/28721

    3) ” United Healthcare, the largest insurer, with about 70 million insured, reported last summer that they had a particularly strong past year, with net income of $5.1 billion, up by 11% from the previous year; similarly for the others — even before the bonanza to result from the corporatist plan to force every American to buy their inflated products, beginning on October 1.
    United Healthcare, it should be recalled, has as a top executive Simon Stevens, who was Tony Blair’s health policy advisor and the architect of NICE (National Institute for Health and Clinical Excellence) in 1999, the “reform” of the British National Health Service which imposed triage and genocide on the British people through selective denial of cancer drugs, surgeries, kidney dialysis, and other treatments. This was the model for the IPAB (Independent Payment Advisory Board), which is now the law of the land under Obamacare. Genocide can be profitable. ” http://larouchepac.com/node/28409

    “UnitedHealth Group Incorporated is a diversified managed health care company headquartered in Minnetonka, Minnesota, U.S. It is No. 17 on Fortune magazines top 500 companies in the United States.[5] UnitedHealth Group offers a spectrum of products and services through two operating businesses: UnitedHealthcare and Optum. Through its family of subsidiaries and divisions, UnitedHealth Group serves approximately 70 million individuals nationwide. ” https://en.wikipedia.org/wiki/UnitedHealth_Group
    THE BIGGEST SHAREHOLDER OF UNITEDHEALTH GROUP IS FIDELITY. http://finance.yahoo.com/q/mh?s=UNH
    FIDELITY IS CONNECTED WITH BOOZ ALLEN & HAMILTON.
    ” Abigail Pierrepont (Abby) Johnson[4] (born December 19, 1961) is an American businesswoman. Johnson is President of Fidelity Investments Personal and Workplace Investing. Fidelity was founded by her grandfather Edward C. Johnson II and her father Edward C. (Ned) Johnson III is its current CEO. As of March 2013 The Johnson family owns a 49% stake in the company.[3]
    She had a brief stint as a consultant at Booz Allen & Hamilton from 1985–86, completed an MBA at Harvard, and joined Fidelity Investments ”
    https://en.wikipedia.org/wiki/Abigail_Johnson
    Arthur Johnson, an Independent Trustee of Fidelity, is also a director of Booz Allen & Hamilton. http://www.boozallen.com/media-center/press-releases/48399320/49502902
    BOOZ ALLEN & HAMILTON IS LINKED WITH CARLYLE, BLACKSTONE AND DEUTSCHE BANK. http://transmissionsmedia.com/the-911-illusion-part-ii-deutsche-bank-blackstone/
    “In 2008 Carlyle Group bought a majority stake in Booz Allen for $2.54 billion.”
    ” Carlyle is the 11th largest defense contractor in the US. It is 20%-owned by Mellon Bank (http://www.dkosopedia.com/wiki/Mellon_family) and is controlled by the powerful Blackstone Group (seeOverthrow of the American Republic), which dined cheaply on the carcasses of looted S&L’s at auctions held by Bush Sr.’s Resolution Trust Corporation. ”
    http://www.almartinraw.com/uri1.html http://transmissionsmedia.com/the-911-illusion-part-ii-deutsche-bank-blackstone/
    ” Henry Kissinger’s good friend Lord JACOB ROTHSCHILD sat on Bioport owner Blackstone’s International Advisory Board. (See Corexit Linked to the Blackstone Group and Lord Jacob Rothschild) ”
    http://transmissionsmedia.com/the-911-illusion-part-ii-deutsche-bank-blackstone/ http://beforeitsnews.com/gulf-oil-spill/2010/06/corexit-linked-to-the-blackstone-group-and-lord-jacob-rothschild-76363.html
    ” Blackstone was founded in 1985 as a mergers and acquisitions boutique by Peter G. Peterson and Stephen A. Schwarzman, who had previously worked together at Lehman Brothers, Kuhn, Loeb Inc. ”
    https://en.wikipedia.org/wiki/Blackstone_Group
    Peter G. Peterson ” is founding Chairman of the Peterson Institute for International Economics ” https://en.wikipedia.org/wiki/Peter_George_Peterson http://larouchepac.com/node/28610
    Lynn Forester de Rothschild, the wife of EVELYN DE ROTHSCHILD, is a director of the Peterson Institute for International Economics. http://www.petersoninstitute.org/institute/board.cfm
    Blackstone is also related with the LCF EDMOND DE ROTHSCHILD, for example, through the person of Daniel Costa Lindo that is a M&A Analyst at Blackstone and was Private Equity Analyst at LCF Edmond de Rothschild. http://www.linkedin.com/pub/daniel-costa-lindo/32/255/543 https://en.wikipedia.org/wiki/Benjamin_de_Rothschild https://en.wikipedia.org/wiki/Ariane_de_Rothschild

    ” United Healthcare Firing Medicare Advantage Doctors, Panicking Elderly Patients
    October 28, 2013 • 8:50AM

    Within the past month, United Healthcare (UHC), whose Nazi leanings Obama and his twin Tony Blair find so endearing, began terminating contracts with 10-15% of its physicians across the nation, who participate in the Medicare Advantage plans, NJ.com reported on Oct. 25. This has sparked panic particularly among elderly patients whose often years-long relationships with their doctors have been suddenly and abruptly ended.
    Particularly outrageous is the Medical Society of New Jersey’s report that UHC hasn’t yet informed its customers that their doctors won’t be available after February 2014. Physicians groups are trying to get the word out because Medicare’s open enrollment ends Dec. 7. UHC said it won’t inform customers until after the doctor termination process “has run its course,” but that could be after open enrollment ends, so that people won’t have had the opportunity to find another doctor.
    In New York, UHC is terminating contracts with 2,100 doctors who serve Medicare Advantage patients in the New York metro region. There are 2.6 million elderly New Yorkers who receive Medicare, but one in three—900,000—are enrolled in Advantage, effectively a Medicare HMO run by private insurers. Many patients have chronic or severe illnesses, and have been treated by the same doctor for years, but are now left out in the cold.
    One physician, Dr. Johnathan Liebowitz, who has 30 Medicare Advantage patients, told the New York Post that he was blindsided by UHC’s decision to fire him. “A patient can’t see his doctor? What are they doing?” New York State Medical Society President Sam Unterricht has called for a congressional probe after learning of the extent of UHC’s firings. A better solution would be to dump Obama.
    Obamacare will slash billions in federal funding to Medicare Advantage, arguing that spending on the program is higher than regular Medicare and therefore “unsustainable.” Apparently human beings are unsustainable also. http://larouchepac.com/node/28691

    ” Team Obama Knew And Lied: Millions to Have Insurance Cancelled

    Multi-millions of people cross-country, who hold health insurance policies as individuals, are now receiving notices from their insurers that their contract is cancelled as of a specified date in the coming months. For example, 290,000 in the state of Washington have been so notified. The policy-holders are told: Good luck. Seek a new policy on the exchanges, which you will find is far more expensive, different and bad.
    President Obama knew about it from the very start, lied, and is getting hit with a renewed blast of rage from the population. He has repeatedly said, as he did in 2009, “If you like your health plan, you will be able to keep your health plan…” under his Affordable Care Act. It is estimated that some 14+ million Americans as of recent years, are holders of “individual” (that is, not employer or other group) health insurance policies. But under Obamacare, 50 to 80% of these people—10+ million—will receive a cancellation notice. Already, 2 million people have received cancellation notices, according to a CBS News report today, which is more than has been enrolled for coverage on the new exchanges! ……….. http://larouchepac.com/node/28713
    ( More People May Lose Health Insurance Through Website Crash http://larouchepac.com/node/28681 )

    ” Pushing Entitlement Cuts Goes Way Back with Barack Obama
    October 28, 2013 • 10:39PM

    High-level Democratic Senate sources reported to LPAC last week that in 2005, when Lyndon LaRouche mobilized the Democratic Party out from under their beds to defeat George Bush’s drive to implement Chilean dictator Augusto Pinochet-style Social Security privatization in the United States, the Senate Democratic leadership identified five Senate Dems who might bolt from the leadership to back Bush in privatizing Social Security. Top of that list? Barack Obama…….” http://larouchepac.com/node/28701

    4) GOLDMAN SACHS CONTROLS ALSO BRITAIN BECAUSE THE GOVERNOR OF THE BANK OF ENGLAND IS A MAN OF GOLDMAN SACHS.

    ” Bank of England Head Carney Hangs Out His Shingle: Financial Cancer Welcome Here
    October 28, 2013 • 8:53AM

    The new head of the Bank of England, Mark Carney, who took office in August of this year, intends to make the City of London even more friendly than it is now to cancerous financial speculation, if you can imagine that.
    In his first major speech on financial regulation, Carney, a former Goldman Sachs banker, told an audience organized by the Financial Times: “Five simple words describe our approach: we are open for business.” Among other things, he announced relaxed rules for collateral that banks must provide in exchange for Bank of England funds.
    In an Oct. 26 article in the Telegraph, Kamal Ahmed gushed: “The new Governor has shown a proper understanding of the role financial services play in Britain’s economic health. Yes, the banking sector might be four times the size of the UK’s national income—a figure Mr. Carney suggested could rise to nine times by 2050—but as long as that system is resilient and the taxpayer protected from ever having to bail out institutions again, it does not need to be a problem.” Ahmed quoted Carney saying: “The UK stands to benefit because of London’s place at the heart of the global financial system.” Therefore, the Bank of England “will now offer liquidity against a wider range of collateral, offer it over a longer period and lower the cost of the facilities,” Ahmed reported. “The City, after all, does support a million jobs in the UK, two-thirds of them outside the capital.”
    Ahmed also urged Carney, and the Confederation of British Industry, to put an end once and for all to any thought of ring-fencing or anything vaguely resembling bank separation—let alone a serious Glass-Steagall anti-cancer treatment—lest the City of London’s preeminent role in world finance be threatened. ” http://larouchepac.com/node/28692
    ” Great Britain is attempting to rebuild its empire, step by step, in the midst of the meltdown of the trans-Atlantic system. Earlier this month while on tour in China, Chancellor of the Exchequer George Osborne announced that the City of London hopes to become China’s offshore banking center, and it wants to corner 80% of the renminbi foreign exchange trade. Now both Osborne and Prime Minister David Cameron have announced that they want London to become the Islamic banking center of the world, as well…………” http://larouchepac.com/node/28709
    carney, osborne and cameron WHILE ARE MAKING PLANS FOR THE BANKS, IN THE SAME TIME ARE ABANDONING THE MOST VULNERABLE PEOPLE OF THE SOCIETY IN THE MISERY !!!
    “UNITED KINGDOM GOVERNMENT DENOUNCED FOR CRIMES AGAINST DISABLED PEOPLE TO INTERNATIONAL CRIMINAL COURT IN THE HAGUE”
    http://www.mssociety.org.uk/forum/everyday-living/united-kingdom-government-denounced-crimes-against-disabled-people-internation
    http://www.theguardian.com/society/2012/sep/12/private-firms-disability-assessment-regime http://socialinvestigations.blogspot.co.uk/2013/08/charity-sector-lobbied-jeremy-hunt-to.html
    http://socialinvestigations.blogspot.co.uk/2012/07/over-60-mps-connected-to-companies.html http://socialinvestigations.blogspot.co.uk/2012/02/nhs-privatisation-compilation-of.html
    “EXCLUSIVE: RED CROSS LAUNCHES EMERGENCY FOOD AID PLAN FOR UK’S HUNGRY”
    http://www.independent.co.uk/news/uk/home-news/exclusive-red-cross-launches-emergency-food-aid-plan-for-uks-hungry-8872496.html
    http://www.dailymail.co.uk/news/article-2240075/Now-sick-babies-death-pathway-Doctors-haunting-testimony-reveals-children-end-life-plan.html
    http://www.telegraph.co.uk/health/healthnews/9716418/Half-of-those-on-Liverpool-Care-Pathway-never-told.html

    5) “Glass-Steagall Campaign in Italy

    The following was contributed by Liliana Gorini, Chairwoman of Movisol, in Italy.

    In the last weeks, the debate over banking separation increased in Italy, as a result of the Movisol campaign to gather signatures 50,000 signatures for a proposed legislation on Glass-Steagall, and also as a result of the worsening economic and social crisis in Italy. More than 1,500 small and medium-sized entrepreneurs have committed suicide in Italy in the last year, because their firms, which were mostly family enterprises, went bankrupt as a result of the lack of bank credit.
    At the same time, the Monti government and the Letta government, gave banks that have been speculating in derivatives, such as Monte dei Paschi di Siena, almost EU6 billion, more than the revenues of the much-hated IMU property tax on homeowners’ residences, while cutting the social expense (pensions, health, education) as demanded by the EU. And now the discussion about bail-in and a 15% forced levy on bank accounts, as in Cyprus, is making the population very angry. ………………….. ” http://larouchepac.com/node/28706
    CORRUPT AND CRIMINAL EUROPEAN UNION HAS PREPARED BIG FUND (EUROPEAN STABILITY MECHANISM) WITH THE MONEY OF THE EUROPEAN CITIZENS TO SAVE SOME BANKRUPT BANKS.
    http://larouchepac.com/node/23172
    ” Deutsche Bank, now the number one derivatives- and currency-trading bank in the world through its City of London operation, survived to become what it is now — a monster with a $72 trillion derivatives portfolio — because it was massively bailed out in October 2008 by Timothy Geithner and the New York Fed.” http://larouchepac.com/node/26698
    ITALY AND THE EUROPEAN UNION ARE WELL CONTROLLED BY GOLDMAN SACHS.
    http://www.independent.co.uk/news/business/analysis-and-features/what-price-the-new-democracy-goldman-sachs-conquers-europe-6264091.html
    ( FIVE YEARS LATER: RED CROSS, CARITAS WARN OF EUROPE’S DESCENT INTO HELL http://larouchepac.com/node/28529 )
    1) ITALY IS INCREASING ITS DEBT IN ORDER TO POUR, IN SEVERAL INSTALLMENTS, OVER 125 BILLIONS TO THE ESM:
    2) ITALY WILL INCREASE FOR A SECOND TIME ITS DEBT WHEN WILL ASK AS LOAN A PART OF THAT SAME MONEY WITH USURIOUS INTERESTS BY THE ESM IN ORDER TO GIVE THEM TO THE BANKS. http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.comedonchisciotte.org%2Fsite%2Fmodules.php%3Fname%3DNews%26file%3Darticle%26sid%3D12431%26mode%3Dthread%26order%3D0%26thold%3D0
    THE PRINCE GIROLAMO STROZZI IS A DIRECTOR OF MONTE DEI PASCHI DI SIENA.
    http://www.jaarverslag.com/pdf/bedrijven/amx/Nieuwe%20map/Banca%20Monte%20dei%20Paschi%20di%20Siena2003.pdf
    GIROLAMO STROZZI IS CONNECTED WITH TONY BLAIR. http://aangirfan.blogspot.nl/2006/05/blair-and-natalia.html
    AND TONY BLAIR IS LINKED WITH JACOB ROTHSCHILD AND EVELYN DE ROTHSCHILD.
    http://www.telegraph.co.uk/news/celebritynews/6672904/Roman-Polanski-will-be-too-late-to-complete-his-film.html
    “Tony Blair. Illegitimate Son Of Jacob Rothschild….Evidence”
    http://the-tap.blogspot.com/2012/06/can-you-spot-it.html https://en.wikipedia.org/wiki/Jacob_Rothschild,_4th_Baron_Rothschild
    http://www.dailymail.co.uk/news/article-1138789/Now-Tony-Blairs-finally-got-private-jet-hes-wanted-rented.html https://en.wikipedia.org/wiki/Evelyn_Robert_de_Rothschild
    NOW WE MUST NOTICE A STRANGE COINCIDENCE:” TONY BLAIR A GREAT FRIEND OF JACOB ROTHSCHILD AND ALSO GREAT FRIEND OF EVELYN DE ROTHSCHILD AND “CASUALLY” HE FOUND A GOOD PLACE IN THE BANK JP MORGAN”. http://www.rawstory.com/rs/2012/05/28/heckler-brands-tony-blair-a-war-criminal-over-jpmorgan-payments/
    http://landdestroyer.blogspot.de/2012/05/protester-calls-tony-blair-war-criminal.html http://www.thisismoney.co.uk/money/celebritymoney/article-2167655/Former-PM-Tony-Blair-alleged-earned-80million-2007.html
    http://www.thisismoney.co.uk/news/article-2167038/Tony-Blair-earned-20m-just-year-advising-business-bosses-foreign-governments.html
    JP MORGAN IS ALSO CONNECTED WITH THE EDMOND DE ROTHSCHILD CONTROLLED BY BENJAMIN DE ROTHSCHILD ( https://en.wikipedia.org/wiki/Benjamin_de_Rothschild) AND BY HIS WIFE
    ARIANE DE ROTHSCHILD ( https://en.wikipedia.org/wiki/Ariane_de_Rothschild ). http://uk.linkedin.com/pub/juan-bergas-sastre/22/39/898/en http://www.zoominfo.com/p/Richard-Madeley/89504503
    ( NAZI ” j.p. morgan SAYS POST-WWII ANTI-FASCIST CONSTITUTIONS ARE OBSTACLE TO REIMPOSING FASCISM ” http://larouchepac.com/node/26996 )
    http://waronyou.com/forums/index.php?topic=25529.0 http://larouchepac.com/node/28338 http://larouchepac.com/node/27485
    http://www.occupy.com/article/global-power-project-part-4-banking-influence-jpmorgan-chase http://larouchepac.com/node/28700
    THE BANK MONTE DEI PASCHI DI SIENA IS RELATED ALSO WITH THE EDMOND DE ROTHSCHILD CONTROLLED BY BENJAMIN DE ROTHSCHILD AND BY HIS WIFE ARIANE DE ROTHSCHILD.
    http://be.linkedin.com/pub/tiziana-rizzo/9/896/7ab http://www.linkedin.com/pub/amaury-nam%C3%A8che/a/bb4/51
    https://en.wikipedia.org/wiki/Benjamin_de_Rothschild https://en.wikipedia.org/wiki/Ariane_de_Rothschild
    http://au.news.yahoo.com/world/a/18263600/jp-morgan-under-investigation-in-monte-paschi-probe-document/
    ALSO ITALY ARE ABANDONING ITS DISABLED PEOPLE WITHOUT BENEFITS AND WELFARE. http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.nuovaresistenza.org%2F2013%2F10%2F26%2Flitalia-abbandona-piu-deboli%2F
    enrico letta, THE PRIME MINISTER OF ITALY IS PROCEEDING TO THE SELLING OUT OF ITALY. https://en.wikipedia.org/wiki/Enrico_Letta
    enrico letta IS A PUPPET OF GOLDMAN SACHS BECAUSE HIS UNCLE gianni letta IS “A MEMBER OF THE ADVISORY BOARD OF GOLDMAN SACHS INTERNATIONAL”. https://en.wikipedia.org/wiki/Gianni_Letta
    letta IS SELLING THE COMPANY ANSALDO TO DOOSAN, GENERAL ELECTRIC AND HITACHI.
    http://translate.google.com/translate?sl=it&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.ilmanifesto.it%2Fattualita%2Fnotizie%2FmricN%2F9907%2F
    DOOSAN IS RELATED TO MCKINSEY. https://alumni.mckinsey.com/alumni/default/public/content/jsp/alumni_news/20060926_JimBemowskiLBN.jsp
    MCKINSEY IS LINKED WITH TONY BLAIR, A NOTORIOUS FRIEND OF LORD JACOB ROTHSCHILD AND SIR EVELYN DE ROTHSCHILD.
    http://aangirfan.blogspot.com/2005/06/enron-mckinsey-tony-blair-cabinet.html http://www.dailymail.co.uk/news/article-1359330/Gaddafi-heir-Saif-inevitably-friend-Andy-Mandy.html
    http://www.dailymail.co.uk/news/article-1138789/Now-Tony-Blairs-finally-got-private-jet-hes-wanted-rented.html
    MCKINSEY IS ALSO LINKED WITH BENJAMIN DE ROTHSCHILD. http://il.linkedin.com/pub/michal-agmon/22/359/784 http://www.linkedin.com/pub/dir/Pascal/Chrobocinski
    GENERAL ELECTRIC IS CONNECTED ALSO WITH BP AND GOLDMAN SACHS BOTH CONTROLLED BY BLACKROCK. http://larouchepub.com/other/2007/3427bae_slimemold.html
    http://www.sourcewatch.org/index.php/BlackRock
    HITACHI ALSO HAS RELATIONS WITH GOLDMAN SACHS. http://www.hightechnewstoday.com/mar-2011-high-tech-news-archives/55-mar-07-2011-high-tech-news.shtml
    ” Professor Joseph Stiglitz, former Chief Economist of the World Bank, and former Chairman of President Clinton’s Council of Economic Advisers, goes public over the World Bank’s, “Four Step Strategy,” which is designed to enslave nations to the bankers. I summarize this below,
    Step One: Privatization.
    This is actually where national leaders are offered 10% commissions to their secret Swiss bank accounts in exchange for them trimming a few billion dollars off the sale price of national assets. Bribery and corruption, pure and simple. ” http://www.iamthewitness.com/books/Andrew.Carrington.Hitchcock/Synagogue.of.Satan/1998-2002.htm
    letta AND company ARE PREPARING TO TAKE THE TANGENT OF 10% BY GOLDMAN SACHS ? http://www.telegraph.co.uk/finance/markets/2809685/Italians-claim-country-run-by-Goldman-Sachs.html

    ” To remedy this crisis, we must undertake three important initiatives:

    1. SEPARATE THE PURPOSE AND PRINCIPLE OF MEDICINE FROM A DISEASED ECONOMIC SYSTEM. Restore the essence of the Hippocratic Oath as the philosophical center of the medical professions. The practice of medicine is meant to serve the development of people, not Wall Street financial conglomerates, and “population reduction” agendas.

    As Hippocrates said, “It is the duty of the physician, not only to do that which immediately belongs to him, but likewise to secure the cooperation of the sick, of those who are in attendance, and of all the external agents.”

    2. RESTORE THE GLASS-STEAGALL ACT OF 1933. The same Wall Street debt bubble which is crushing the Federal government is crushing the medical profession, as well as the rest of the economy. The only way to liberate ourselves from its destructive effects, is to restore the Glass-Steagall Act of 1933. Its repeal in 1999 opened the door to the growth of the biggest financial bubble in history. We must separate commercial banking from investment banking, and let Wall Street sink under the weight of its own bad investments.

    No more bailouts, or bail-ins, for Wall Street.

    3. IMPEACH PRESIDENT OBAMA. He has repeatedly demonstrated that he is incapable of performing the job for which we hired him. Multiple legal authorities have already assembled articles for impeachment. This man has failed you, and will allow you to die, with his inept and undeniably lethal policies that masquerade as “health care reform.”

    It is time for the American people and their medical community to wake up, before it is too late. ” http://larouchepac.com/node/28640

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