Share on Google Plus Share on Twitter Share on Facebook 20 Share on LinkedIn Share on PInterest Share on Fark! Share on Reddit Share on StumbleUpon Tell A Friend 41 (61 Shares)  
Printer Friendly Page Save As Favorite View Favorites View Stats   67 comments

General News

The Confidential Memo at the Heart of the Global Financial Crisis

By (about the author)     Permalink       (Page 1 of 4 pages)
Related Topic(s): ; ; ; ; , Add Tags Add to My Group(s)

Must Read 17   Valuable 14   News 11  
View Ratings | Rate It

opednews.com Headlined to H1 8/22/13

Become a Fan
  (57 fans)
- Advertisement -


Reprinted from vice.com

Editor's note: Make sure you also check out Rob Kall's Podcast interview with Greg Palast-- about the news discussed here and more background on the biggest economic conspiracy theory in the world: 
Podcast: Greg Palast; Summers, Obama, Rubin-- The Bankster Monsters From Hell

When a little birdie dropped the End Game memo through my window, its content was so explosive, so sick and plain evil, I just couldn't believe it. 

The Memo confirmed every conspiracy freak's fantasy: that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet. When you see 26.3 percent unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears.

The Treasury official playing the bankers' secret End Game was Larry Summers. Today, Summers is Barack Obama's leading choice for Chairman of the US Federal Reserve, the world's central bank. If the confidential memo is authentic, then Summers shouldn't be serving on the Fed, he should be serving hard time in some dungeon reserved for the criminally insane of the finance world.

The memo is authentic.

- Advertisement -

I had to fly to Geneva to get confirmation and wangle a meeting with the Secretary General of the World Trade Organisation, Pascal Lamy. Lamy, the Generalissimo of Globalisation, told me,

"The WTO was not created as some dark cabal of multinationals secretly cooking plots against the people... We don't have cigar-smoking, rich, crazy bankers negotiating."

Then I showed him the memo.

It begins with Larry Summers' flunky, Timothy Geithner, reminding his boss to call the Bank bigshots to order their lobbyist armies to march:

"As we enter the end-game of the WTO financial services negotiations, I believe it would be a good idea for you to touch base with the CEOs""

- Advertisement -

To avoid Summers having to call his office to get the phone numbers (which, under US law, would have to appear on public logs), Geithner listed the private lines of what were then the five most powerful CEOs on the planet. And here they are:

Goldman Sachs: John Corzine (212)902-8281

Merrill Lynch: David Kamanski (212)449-6868

Next Page  1  |  2  |  3  |  4

 

http://www.gregpalast.com

Author of the New York Times and international bestsellers, The Best Democracy Money Can Buy and Armed Madhouse, Palast is Patron of the Trinity College Philosophical Society, an honor previously held by Jonathan Swift and Oscar Wilde. Palast (more...)
 

Share on Google Plus Submit to Twitter Add this Page to Facebook! Share on LinkedIn Pin It! Add this Page to Fark! Submit to Reddit Submit to Stumble Upon


Go To Commenting

The views expressed in this article are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.

Follow Me on Twitter

Contact Author Contact Editor View Authors' Articles
- Advertisement -

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

UAW Files Charges Against Romney for Auto Bail-Out Profiteering

Aaron Swartz Died For Piers Morgan's Sins

The Confidential Memo at the Heart of the Global Financial Crisis

The Right Testicle of Hell: History of a Haitian Holocaust

Obama is a two-faced liar. Aw-RIGHT!

"I want my fair share--and that's ALL OF IT": The Kochs & the XL Pipeline

Comments

The time limit for entering new comments on this article has expired.

This limit can be removed. Our paid membership program is designed to give you many benefits, such as removing this time limit. To learn more, please click here.

Comments: Expand   Shrink   Hide  
26 people are discussing this page, with 67 comments
To view all comments:
Expand Comments
(Or you can set your preferences to show all comments, always)

In May of 1974 the UN passed resolution 3201 and 3... by Bill Johnson on Thursday, Aug 22, 2013 at 3:30:07 PM
If leveling the global economic playing field was ... by Paul Repstock on Thursday, Aug 22, 2013 at 7:31:37 PM
and reduce the level of education so that the citi... by Susan Lee Schwartz on Friday, Aug 23, 2013 at 3:18:47 PM
And where are the republicans thinking they voted ... by jean labrek on Thursday, Aug 22, 2013 at 8:34:55 PM
Open your eyes When it comes to these issues ther... by Rob Kall on Friday, Aug 23, 2013 at 5:20:20 AM
Rob, I agree with you. I even say in my bio both p... by Bill Johnson on Friday, Aug 23, 2013 at 9:39:23 AM
And my interview with Palast, linked to at the top... by Rob Kall on Friday, Aug 23, 2013 at 10:56:01 AM
that Clinton asked Congress in September of 2000 t... by greg timmons on Friday, Aug 23, 2013 at 12:09:45 PM
Let's not forget what these banksters wanted of Bi... by Bill Johnson on Friday, Aug 23, 2013 at 12:47:06 PM
flawed Free Trade Policies that has caused our Cou... by greg timmons on Friday, Aug 23, 2013 at 1:59:11 PM
I campaigned very hard for Ross because I believed... by Pal Palsimon on Monday, Aug 26, 2013 at 8:45:35 AM
You put your finger on what most have never seen b... by Toby Seiler on Friday, Aug 23, 2013 at 9:40:49 PM
Again, (as below re Truman) I dont think that Clin... by Paul Easton on Monday, Aug 26, 2013 at 2:50:42 AM
A lot of idealistic people thought UN was great id... by Paul Easton on Monday, Aug 26, 2013 at 2:39:46 AM
all the darling young men just want to become good... by JoAnne VanDatta on Monday, Aug 26, 2013 at 1:55:49 PM
look what bloomberg did to the schools. Taking an ... by Susan Lee Schwartz on Friday, Aug 23, 2013 at 3:23:14 PM
I think some capitalists are more evil than others... by Paul Easton on Monday, Aug 26, 2013 at 3:09:30 AM
No need for satanic language... by JoAnne VanDatta on Monday, Aug 26, 2013 at 2:18:47 PM
I must be really really dense, as this end game ma... by James Tennier on Friday, Aug 23, 2013 at 5:44:56 PM
You can read all about their end game on the Georg... by Bill Johnson on Saturday, Aug 24, 2013 at 12:17:10 PM
I call it the "predator paradox"... by JoAnne VanDatta on Monday, Aug 26, 2013 at 2:34:08 PM
This is the main issue. We need to unite for a new... by Pal Palsimon on Sunday, Aug 25, 2013 at 3:34:54 AM
I didn't realize it was so easy to destroy the wor... by Donald Carl Isenman on Thursday, Aug 22, 2013 at 4:56:36 PM
And the whole key to this bankster rape of nations... by Bill Johnson on Friday, Aug 23, 2013 at 9:45:54 AM
57% of the regional banks that make the FED Reserv... by Toby Seiler on Friday, Aug 23, 2013 at 9:48:29 PM
... by Paul Easton on Monday, Aug 26, 2013 at 3:13:37 AM
I know I've beat this tired drum to pieces; Howev... by Paul Repstock on Thursday, Aug 22, 2013 at 6:37:18 PM
No more public banking except in NorthDakota, as t... by jean labrek on Thursday, Aug 22, 2013 at 8:40:12 PM
For the United States (and applies as well to mos... by Lance Ciepiela on Thursday, Aug 22, 2013 at 10:06:48 PM
Tell me how to get from here to there.... by Paul Easton on Monday, Aug 26, 2013 at 3:15:40 AM
you have to feed the horse. I wish the enormity of... by molly cruz on Thursday, Aug 22, 2013 at 11:17:58 PM
Great post.  I agree.  The enormity of t... by Chris Ritchie on Friday, Aug 23, 2013 at 9:38:03 AM
maybe its like the Stockholm Syndrone, we are the ... by Susan Lee Schwartz on Friday, Aug 23, 2013 at 4:08:00 PM
!... by Richard Clark on Friday, Aug 23, 2013 at 1:03:23 PM
I love your lyrical writing ---we are drowned in t... by Susan Lee Schwartz on Friday, Aug 23, 2013 at 4:23:06 PM
Money is no mystery these days. Money is generated... by Paul Easton on Monday, Aug 26, 2013 at 3:49:42 AM
        The plot is other, her... by molly cruz on Monday, Aug 26, 2013 at 7:27:18 AM
For all his great work, Greg Palast refuses to eve... by 911TRUTH on Friday, Aug 23, 2013 at 12:25:48 AM
Palast shows The 9/11 story is just a part of this... by Rob Kall on Friday, Aug 23, 2013 at 5:14:35 AM
What if the Constitution no longer applied? What w... by Lance Ciepiela on Friday, Aug 23, 2013 at 11:13:19 AM
@ 9/11 TRUTHCheck out this article by Israel Shami... by Chris Cook on Friday, Aug 23, 2013 at 3:13:09 PM
I marvel at what I learn from investigative journa... by Gary Brumback on Friday, Aug 23, 2013 at 8:02:38 AM
One gets glimmers from time to time of just how ba... by Gary Corseri on Friday, Aug 23, 2013 at 11:24:01 AM
"The Zion ist Jewish Role in Causing WW II" for en... by Toby Seiler on Friday, Aug 23, 2013 at 10:03:09 PM
We cant fight the army. The situation has to get b... by Paul Easton on Monday, Aug 26, 2013 at 4:06:30 AM
Isn't this the same reporter that insinuated that ... by Sandra Parson on Friday, Aug 23, 2013 at 12:18:51 PM
If  you're going to make an accusation  ... by Rob Kall on Friday, Aug 23, 2013 at 3:02:25 PM
With the help of Summers and Geithner (per the mem... by Richard Clark on Friday, Aug 23, 2013 at 1:10:27 PM
Alan Grayson is a disgrace to Florida. The man is ... by Bill Johnson on Friday, Aug 23, 2013 at 1:58:36 PM
I note that you attack him with name calling witho... by Rob Kall on Friday, Aug 23, 2013 at 3:04:09 PM
I am sorry Rob, I should have included some links.... by Bill Johnson on Saturday, Aug 24, 2013 at 10:18:05 AM
One of my links did not work for some reason. It w... by Bill Johnson on Saturday, Aug 24, 2013 at 10:43:02 AM
As for Grayson's previous road offenses, court rec... by Bill Johnson on Saturday, Aug 24, 2013 at 10:43:33 AM
The memo in question is fairly brief - I opened it... by Dennis Loo on Friday, Aug 23, 2013 at 2:03:53 PM
I would like to have it forwarded to me if it ever... by Pal Palsimon on Monday, Aug 26, 2013 at 9:19:43 AM
I think we all should say thank you to Palast who ... by Mark Sashine on Friday, Aug 23, 2013 at 4:10:25 PM
If you really want to see the end game, click on R... by Scott Baker on Friday, Aug 23, 2013 at 5:31:07 PM
  How much proof does one bagman USAG need to... by Howard Lewis on Friday, Aug 23, 2013 at 6:24:08 PM
My opinion was that Summers couldn't be trusted be... by Joy Zocco on Saturday, Aug 24, 2013 at 11:47:35 PM
We need to unite on some of these major issues. I ... by Pal Palsimon on Sunday, Aug 25, 2013 at 3:26:51 AM
Greg, is there a real understanding or does our bi... by Toby Seiler on Sunday, Aug 25, 2013 at 4:03:18 PM
who likes to talk about the joos. This is offensiv... by Paul Easton on Monday, Aug 26, 2013 at 4:37:38 AM
I am a Joo and anti Z word ist.... by Paul Easton on Monday, Aug 26, 2013 at 4:42:02 AM
... by Paul Easton on Monday, Aug 26, 2013 at 4:24:41 AM
...that we are what we are.  I am glad we hav... by Pal Palsimon on Monday, Aug 26, 2013 at 9:37:24 AM
If we can't stop being intolerant, rude, selfish a... by Pal Palsimon on Monday, Aug 26, 2013 at 1:20:39 AM
Why are they doing this?  What is their end g... by James Tennier on Monday, Aug 26, 2013 at 11:08:19 AM