Paris OECD Forum: Make Money, Go for Global Green Financial Dictatorship
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25% REPORTED CREAMED OFF THE TOP OF SETTLEMENTS: LONDON, 6th June 2008: It has been reported to us that the World Court agreed to the terms of a petition, believed to have been lodged by the World Bank, providing for 25% to be sliced off the top of the aggregate Settlements figure for redirection to ‘humanitarian’ purposes*.
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PRESS RELEASE
Paris OECD Forum: Make Money, Go for Global Green Financial Dictatorship
PARIS, June 4, 2008 (EIRNS)-Over 600 experts, decision makers, elite bankers, CEOs, ambassadors, financial journalists, and elected officials participated in the two-day brainwashing session June 3-4 at the prestigious Paris OECD Forum 2008 on "Climate Change, Growth, Stability," paying each a EU1,000 euro registration fee.
The June 3 afternoon session was keynoted with a long triumphant speech on the "new phase" of globalization and free trade "integrating high oil and food prices" by the Jesuit-trained Francoist Rodrigo de Rato, former economics minister of Spain, former Managing Director of the IMF and now senior managing director of Lazard. Of course, de Rato blamed the "surges of nationalism," now even stronger in the North than in the South and called for a rapid conclusion of the WTO Doha Round.
EIR correspondent Karel Vereycken took the microphone and told the room: "Mr. de Rato, listening to your speech reminds me of the Marxist ideologues before the fall of the Wall. For them, everything that was good was the result of Marxism and everything that was bad was the fault of a conspiracy of evil capitalists. Let's face it: today, 37 nations are facing food riots as a result of globalization. Even better, the new study Growth and Development of the World Bank-connected experts including Robert Rubin of Citibank studied those 25 nations that achieved over 6% growth over the last 25 years. All of them succeeded because they did not follow the 'Washington Consensus' (deregulation, privatization, etc.). What do you have to say about that?"
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Australian Adrian Blundell-Wignall, Deputy Director of the OECD's directorate for Financial and Enterprise Affairs also gave an interesting insight in the history of the financial bubble and indicated that 2004 was key (rating agencies, securitization, and subprimes existed way before), since it was then that the Basel II agreements were cooked up to lower banking requirements. The securities bubble doubled rapidly.
--MORE--
25% REPORTED CREAMED OFF THE TOP OF SETTLEMENTS: LONDON, 6th June 2008: It has been reported to us that the World Court agreed to the terms of a petition, believed to have been lodged by the World Bank, providing for 25% to be sliced off the top of the aggregate Settlements figure for redirection to ‘humanitarian’ purposes*.
$45 Trillion Needed to Combat Warming
Basel II: Revised international capital framework
World Bank Called ‘Unqualified’ to Run Climate Fund
PRESS RELEASE
Paris OECD Forum: Make Money, Go for Global Green Financial Dictatorship
PARIS, June 4, 2008 (EIRNS)-Over 600 experts, decision makers, elite bankers, CEOs, ambassadors, financial journalists, and elected officials participated in the two-day brainwashing session June 3-4 at the prestigious Paris OECD Forum 2008 on "Climate Change, Growth, Stability," paying each a EU1,000 euro registration fee.
The June 3 afternoon session was keynoted with a long triumphant speech on the "new phase" of globalization and free trade "integrating high oil and food prices" by the Jesuit-trained Francoist Rodrigo de Rato, former economics minister of Spain, former Managing Director of the IMF and now senior managing director of Lazard. Of course, de Rato blamed the "surges of nationalism," now even stronger in the North than in the South and called for a rapid conclusion of the WTO Doha Round.
EIR correspondent Karel Vereycken took the microphone and told the room: "Mr. de Rato, listening to your speech reminds me of the Marxist ideologues before the fall of the Wall. For them, everything that was good was the result of Marxism and everything that was bad was the fault of a conspiracy of evil capitalists. Let's face it: today, 37 nations are facing food riots as a result of globalization. Even better, the new study Growth and Development of the World Bank-connected experts including Robert Rubin of Citibank studied those 25 nations that achieved over 6% growth over the last 25 years. All of them succeeded because they did not follow the 'Washington Consensus' (deregulation, privatization, etc.). What do you have to say about that?"
***
Australian Adrian Blundell-Wignall, Deputy Director of the OECD's directorate for Financial and Enterprise Affairs also gave an interesting insight in the history of the financial bubble and indicated that 2004 was key (rating agencies, securitization, and subprimes existed way before), since it was then that the Basel II agreements were cooked up to lower banking requirements. The securities bubble doubled rapidly.
--MORE--