Richard Moore

I can't verify this source, but the report seems both interesting and quite 

Original source URL:


By James P. Tucker Jr.

Bilderberg expects interest rates to rise and many Americans to lose their

homes in the months ahead. Meanwhile, they hope they can pressure President Bush
to refrain from an all-out invasion of Iran while maintaining oil prices at 
their current record-high levels of about $70 a barrel.

Timothy Geithner, president of the Federal Reserve Bank of New York, predicted 
rising interest rates and difficulties for families that have obtained 
adjustable rate mortgages, or ³variable² interest rates. Many are likely to lose
their homes as rising home mortgage rates add hundreds of dollars to their 
monthly payments, he said. While most listened solemnly and some expressed 
concern, one was heard to say, ³stupid Americans deserve their fate.²

Many Americans, especially young families, have been buying expensive homes at 
low but ³variable² interest rates. Others have been paying just the interest 
owed on their homes and not the principal. They are the most vulnerable, 
Geithner said. Some have paid little or nothing down. Some institutions ³lend² 
buyers the down payment.

When home construction peaks and prices start downward, many will find they owe 
more on their home than it is worth in the marketplace. They will also find 
their mortgage‹even ³interest-only² payments‹are unaffordable.

The banks will get the homes back and sell them again.

Again, the term ³stupid Americans² was heard among clucks of sympathy or silent 
indifference. According to one source, no concern was expressed by Allan 
Hubbard, assistant to President Bush for economic policy.

European Bilderbergers said they would have no part in an invasion of Iran, 
something Bush says is an ³option on the table.² Although NATO is helping by 
adding 9,000 troops in Afghanistan, expect no help if Iran is invaded, they 
said. ³We will not help you fight a war for Israel,² one said.

Several noted that Israel has had nuclear weapons since at least 1963 and has 
never signed on to the Nuclear Nonproliferation Treaty, so no international 
inspections are conducted. It was the late George Ball, a charter member of 
Bilderberg who was No. 2 man in the State Department under presidents John 
Kennedy and Lyndon Johnson, who first revealed that Israel has nuclear weapons.

³Is it not reasonable that Iran would need such a deterrence against Israel?² an
unidentified Bilderberger was heard saying. ³If you invade Iran, Israel is your 
only ally and good luck.² One suggested that ³surgical strikes²‹but no land 
invasion‹may be tolerated but others said they would be ineffective.

Listeners to this dialogue included Eival Gildy of Israel, head of ³coordination
and strategy in the office of the prime minister,² and Ziad Abu Amr, member of 
the Palestinian Legislative Council, president of the Palestinian Council on 
Foreign Relations and professor of political science at Birzeit University. 
Ahmad Chalabi, former deputy prime minister of Iraq and one of the key sources 
of disinformation about Iraq¹s weapons of mass destruction, was also present.

William Luti, special assistant to Bush for defense policy, and Richard Perle, 
former high Defense Department official and still a close adviser to Bush, 
responded that the United States is simply trying to stop the spread of nuclear 
weapons and make the world ³safe.² But, said one European: ³How Œsafe¹ do you 
think the world will be if you invade Iran and Iran responds by firing missiles 
on your ally, Israel? Israel will nuke Iran in response and you will have your 

Robert Zoellick, deputy secretary of state, said it would be necessary to keep 
the invasion ³option² to pressure Iran into agreeing to abandon its nuclear 
weapons program.

³You¹re wrong,² the European answered. ³Iran simply refuses to be bullied by the
United States. Save us a lot of trouble and forget about invading Iran.² The 
Americans remained silent.

Bilderberg¹s mood was described as ³uneasy² when it came to the issue of oil, a 
discussion followed closely by such oil-rich participants as banker David 
Rockefeller, Queen Beatrix of the Netherlands and Franco Bernabe, vice chairman 
of Rothschild Europe.

The ³Latin American problem² mixed the issue of oil with Bilderberg¹s scheme to 
expand NAFTA throughout the Western Hemisphere and have it evolve into an 
³American Union² patterned after the European Union. Hugo Chavez, head of 
Venezuela, is not only raising taxes on the extraction

of oil from his country, he is trying to establish a trade coalition with 
neighboring nations that would block the expansion of NAFTA by creating the Free
Trade Area of the Americas.

Bilderberg¹s consensus seemed to be to not force higher oil prices at the 
moment, but be content with the immense profits enjoyed now.

Chavez¹s barrier to NAFTA expansion leaves them moody because establishing an 
³American Union² is a critical step toward Bilderberg¹s goal of establishing the
United Nations as a world government.

(Issue #26, June 26, 2006)

THERE IS MUCH MORE COVERAGE OF BILDERBERG 2006 in this issue as well as many 
other cutting edge stories. Why not become a subscriber - either to our online 
or print edition?


We also recommend that you read JIM TUCKER¹S BILDERBERG DIARY - an excellent 
source of information about this shadowy group.

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