Immediately following the announcement that they are now officially out of the nuke business, Siemens AG withdrew 500 million Euros from an un-named, teetering French banking institution and deposited it directly with the ECB, they were not the first to do so. How many of us already knew that Central Banks can take corporate deposits?
At this year’s Bilderberg conference, Siemens CEO Peter Löscher gladhanded all the right players and made certain his company would be saved in the coming maelstrom. It’s no secret that Paris is a centre of counterfeiting operations par excellence and the flood of cash from the US FED revealed it’s weaknesses. In another epoch, the Huns would be lining up to sweep the Maginot Line but in modern warfare, positioning only requires the right paperwork. Nearly a year ago, Siemens acquired a banking license;
“… and acts as an independent company. Nonetheless, it profits from its inclusion in the network of Siemens Group’s financial services companies. The bank employs about 100 people, mainly experts from the areas of risk management and risk controlling as well as specialists from loan origination & structuring.”
As indicators go, this one points squarely at the indirect funding of French banks by the IMF through interest covering loans to the Greek government. If the Germans are nervous, they must be keenly aware that Lagarde is about to turn off the bailout spigot and present day German banking giants are expected to suffer an equal fate. Leveraged to infinity with the ECB’s backing, Siemens could conceivably survive the coming collapse and emerge stronger than ever due to their insider wink knowledge.
It’s difficult to grasp how these things might have been planned far in advance but money talks once a year. Bilderbergers see themselves losing control of the French banking racket so this is their idea of a graceful exit. The smart money is buying into French munitions firms already contracted to supply major orders to Turkey because they’re expected to attack Greece at some point. Bashing Greeks as the rogue traders of Europe is meant to ensure nobody will care if they go down in flaming default first.
2011 Bilderberg Attendees;
Belgium
Coene, Luc, Governor, National Bank of Belgium
Davignon, Etienne, Minister of State
Leysen, Thomas, Chairman, Umicore
China
Fu, Ying, Vice Minister of Foreign Affairs
Huang, Yiping, Professor of Economics, China Center for Economic Research, Peking University
Denmark
Eldrup, Anders, CEO, DONG Energy
Federspiel, Ulrik, Vice President, Global Affairs, Haldor Topsøe A/S
Schütze, Peter, Member of the Executive Management, Nordea Bank ABGermany
Ackermann, Josef, Chairman of the Management Board and the Group Executive Committee, Deutsche Bank
Enders, Thomas, CEO, Airbus SAS
Löscher, Peter, President and CEO, Siemens AG
Nass, Matthias, Chief International Correspondent, Die Zeit
Steinbrück, Peer, Member of the Bundestag; Former Minister of Finance
Finland
Apunen, Matti, Director, Finnish Business and Policy Forum EVA
Johansson, Ole, Chairman, Confederation of the Finnish Industries EK
Ollila, Jorma, Chairman, Royal Dutch Shell
Pentikäinen, Mikael, Publisher and Senior Editor-in-Chief, Helsingin Sanomat
France
Baverez, Nicolas, Partner, Gibson, Dunn & Crutcher LLP
Bazire, Nicolas, Managing Director, Groupe Arnault /LVMH
Castries, Henri de, Chairman and CEO, AXA
Lévy, Maurice, Chairman and CEO, Publicis Groupe S.A.
Montbrial, Thierry de, President, French Institute for International Relations
Roy, Olivier, Professor of Social and Political Theory, European University Institute
Great Britain
Agius, Marcus, Chairman, Barclays PLC
Flint, Douglas J., Group Chairman, HSBC Holdings
Kerr, John, Member, House of Lords; Deputy Chairman, Royal Dutch Shell
Lambert, Richard, Independent Non-Executive Director, Ernst & Young
Mandelson, Peter, Member, House of Lords; Chairman, Global Counsel
Micklethwait, John, Editor-in-Chief, The Economist
Osborne, George, Chancellor of the Exchequer
Stewart, Rory, Member of Parliament
Taylor, J. Martin, Chairman, Syngenta International AG
Greece
David, George A., Chairman, Coca-Cola H.B.C. S.A.
Hardouvelis, Gikas A., Chief Economist and Head of Research, Eurobank EFG
Papaconstantinou, George, Minister of Finance
Tsoukalis, Loukas, President, ELIAMEP Grisons
International Organizations
Almunia, Joaquín, Vice President, European Commission
Daele, Frans van, Chief of Staff to the President of the European Council
Kroes, Neelie, Vice President, European Commission; Commissioner for Digital Agenda
Lamy, Pascal, Director General, World Trade Organization
Rompuy, Herman van, President, European Council
Sheeran, Josette, Executive Director, United Nations World Food Programme
Solana Madariaga, Javier, President, ESADEgeo Center for Global Economy and Geopolitics
Trichet, Jean-Claude, President, European Central Bank
Zoellick, Robert B., President, The World Bank Group
Ireland
Gallagher, Paul, Senior Counsel; Former Attorney General
McDowell, Michael, Senior Counsel, Law Library; Former Deputy Prime Minister
Sutherland, Peter D., Chairman, Goldman Sachs International
