He observes that Mario Draghi, the new president of the European Central Bank, was Vice Chairman and Managing Director of Goldman Sachs International, a member of Goldman Sachs' Management Committee, a member of the governing council of the European Central Bank, a member of the board of directors of the Bank for International Settlements, and Chairman of the Financial Stability Board . Italy's new prime minister Mario Monti, who was appointed rather than elected, was a member of Goldman Sachs' Board of International Advisers, European Chairman of the Trilateral Commission ("a US organization that advances American hegemony over the world"), and a member of the Bilderberg group. And Lucas Papademos, an unelected banker who was installed as prime minister of Greece, was Vice President of the European Central Bank and a member of America's Trilateral Commission.
Roberts points to the suspicious fact that the German government was unable to sell 35% of its 10-year bonds at its last auction; yet Germany's economy is in far better shape than that of Italy, which managed to sell all its bonds. Why? Roberts suspects an orchestrated scheme to pressure Germany to back off from its demands to make the banks pay a share of their bailout.
Europe is in the process of being "structurally readjusted" by a private banking cartel. If its people are to resist this silent conquest, they need to rise up and, using the ballot box and public banks, throw out the new banking hegemony before it is too late.
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Postscript, November 30: The Euro and the stock market rallied today on the news that the Federal Reserve and five other central banks had agreed to lower the cost of emergency dollar funding for European banks. But what does it really mean? As noted on the CNBC website:
In essence, the US central bank, or Federal Reserve, agreed to provide cheaper dollar funding to the European Central Bank--which can then provide cheaper dollar loans to cash-strapped European banks. . . .
The participation of the central banks of Canada, England, Japan and Switzerland is more of an effort to show that all the central bankers are working together than any expectation that there will be lots of dollar borrowings under their facility.
It was good news for the banks, but again it didn't do anything for EU governments. To participate in the benefits showered on banks, they need to have some public banks that qualify for this largesse.
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