Sunday, 8 November 2015

‘New World Order would be led by an elite served by serfs’ - Koenig

‘New World Order would be led by an elite served by serfs’ - Koenig

In an exclusive interview with the Voice of Russia, Peter Koenig talks about the nature of the global financial crisis, “monster banks” and the New World Order. Peter Koenig is a former World Bank economist with 30 years of experience and the author ofImplosion - An Economic Thriller.

Reality Check: What is your view on the world financial crisis? Is it a cyclical crisis or is it a systemic crisis?
Peter Koenig: It is an artificially imposed, holistic crisis. Holistic meaning that it is a step towards full spectrum dominance of the US hegemony and its co-opted European allies. It is one of several tentacles spanning the globe, probably the most powerful, of the monster of globalization – towards a One World Order (New World Order) – a term already coined and used by then British PM Gordon Brown at the London G20 Summit in 2009. Ideally, the new world order would eventually be led by an elite served by a class of serfs. The middle class would basically disappear. Other tentacles, like NATO and eternal warfare against invented ‘terrorism’; Genetically Modified Organisms – GMO food; the petroleum cartel; pharmaceutical and other non-transparent industries – would help limit or reduce the world population, so that the elite could enjoy the Earth’s finite and non-renewable resources with a comfortable life much longer than if these resources would have to be shared with 7 or 8 billion people.

Reality Check: Doesn’t that sound like a conspiracy theory?
Peter Koenig: Perhaps it does – and will be classified as such by the West. But perhaps it is real. This idea is already at least half a century old and is like a Leitmotiv in the Rockefeller sponsored Bilderberg Society and its associated organizations, the Trilateral Commission and the Council on Foreign Relations (CFR), as well as the British Chatham House, all with overlapping memberships. Kissinger, a prominent long-term member of the dubious but powerful Bilderbergers, uttered already in the 1960s the infamous words, “he who controls the food supply controls the people; he who controls the energy can control whole continents; he who controls money can control the world.” – Sounding like a battle cry for eternal warfare.

Back to the financial crisis, artificially triggered in 2008 by the global financial clique, staged by Wall Street led by Goldman Sachs (GS) and backed by the Federal Reserve – with its key shareholder the Rothschild Group; and the US Treasury through its extended arm, the International Monetary Fund (IMF). The crisis has a multi-purpose. Rescuing the faltering dollar – the world’s de facto reserve currency – under the enormous weight of the steadily rising US debt, from being taken over by the then ever stronger euro; second, refinancing the overstretched US and European banking system on the back of mostly the European tax payer, by privatizing, thereby nullifying the best social safety net in the world; and finally, weakening and destabilizing the euro, as well as the European population.

Reality Check: So, for instance, the Greek crisis was a part of a large operation to save the dollar?
Peter Koenig: Greece was a test case. In 2008 Greece was one of the economically weakest countries with less than 2% of the Euro Zone’s GDP and a totally manageable debt (116% of GDP in May 2008, compared with about 160% of the UK). The then unelected but appointed Greek PM, Lucas Papademos, a former GS executive, welcomed the nefarious troika – IMF, European Central Bank (ECB), the latter also led by a former GS executive, Mario Draghi, and the European Commission – to impose unnecessary debt at draconian conditions, strangling the Greek population for generations to come. The purpose is to repay primarily French and German banks, which are globalized and intimately linked to Wall Street. Their irresponsible and speculative lending to Greece amounted in October 2010 to about 120 billion euros of outstanding debt, of which about 60% was assumed by French banks. “Speculative” – because a large portion of that was for military spending (after Greece signed a peace agreement with Turkey), and because they knew that if Greece defaulted – which they also must have assumed was likely – they would simply be rescued for principle and accumulated interest by the Greek and eventually European tax payer.

Reality Check: If Greece was a test case, then should we expect similar situations in the future?
Peter Koenig: If the Europeans – governments and people – would accept this economic atrocity – then, it could be done with other nations too. Thus, began the smothering with ‘structural adjustments’ of the Southern European States, Italy, then led by Mario Monti, a former GS advisor, Spain, Portugal, both with neo-liberal complacent governments, and Ireland which had no ‘structural’ problems at all, nor huge debts, but is a strategic island in the North Atlantic. All of them were flooded with unnecessary and non-transparent debt. People were told by the corporate media it was essential to rescue the highly indebted banks. Nobody explained why. Nobody asked the people whether they wanted to save their banks from their speculative greed-driven self-inflicted debt – or just let them collapse, as would be the case with any other private bankrupt enterprise. The answer was given by the co-opted leaders and is still being given by the same leaders.

Reality Check: Why doesn’t the ECB help its member countries with low interest loans?
Peter Koenig: Because the ECB was intentionally created not as a traditional central bank with the role of economic balancing, as is the duty of national central banks. The ECB has no constitution per se, only a set of rules, rules that make it a watchdog rather than a banker of last resort. Instead, the ECB lends to the largest, globalized and closely Wall Street related European private banks, mostly French and German, at the interbank rate, currently below 1%. They, in turn, on-lend the funds to Greece, Spain, Portugal – at, say, 6% - 7%-plus, due to the ‘high credit risk’. The difference is sheer profit.

Reality Check: What about the credit risk?
Peter Koenig: These too-big-to-fail monster banks know that they would eventually be ‘bailed out’. Debt was the first blood-sucking instrument tested on the European countries. Next was the financial ‘coup’ on Cyprus, the ‘haircut’ in the ridiculing lingo of Wall Street, the outright theft of private bank accounts, also imposed by the sinister troika– and hardly opposed by the leading Cypriot elite which, well informed earlier, transferred their wealth abroad before thetroika hit. Again, there was hardly an outcry in the rest of Europe. They were just smiling, their corporate media aping the financial mafia, calling this atrocity a ‘haircut’, robbing people is a mere laughing ‘haircut’! Not realizing that this action was illegal and an infringement on universal ethics and sovereignty which, if unchecked, could hit the rest of Europe, as well as the US, tomorrow. Most of the European nations’ elite and powerful are evading their national tax authorities by hiding their wealth in European, US and Caribbean tax havens. They all could be hit by a ‘haircut’ administered by the troika. This has just happened and been ‘legalized’ by the EU. In a matter-of-factly and hardly noticeable news snippet, it was announced that in the future the bank’s shareholders and clients would have to help refinance bankrupt banks, rather than the tax payer.

So simple. If the public at large would realize that they have just been subjected to a potential‘haircut’ Cyprus style by the EU – there would logically be a run on the banks now, especially since the public has absolutely no control over commercial bank’s speculative and risky behaviors.

Most would agree that the tax payer should not pay for the extravaganzas of private banks. Instead, the logical steps should be (i) a strict oversight on banks’ speculative behavior and bonus policies with large penalties for transgressions; (ii) mandating the banks to establish a public controlled (sovereignly managed by country) Solidarity Fund to be used for banks in trouble, and (iii) mandating banks to gradually increase their capital (over a 3-year period) to reduce the banks’ exposure or debt-equity ratio to a maximum of 3:1 – leading ideally to a one-to-one ratio. This would bring discipline back to capitalist banking – the next best thing to public banking.

After the neoliberal EU deregulated banking almost as much as the US, there have been no strict rules on such ratios which are at best 8:1.

Reality Check: Is there a way out of the crisis?
Peter Koenig: There would have been and still are several ways out of the crisis. The respective governments know it. The most prominent one would be for Greece, Cyprus and all the other victims of this almost five-year old financial fraud to exit the euro zone or the European Union altogether, revert to their old currencies, devalue them according to a ratio which allows them to comfortably recover – and renegotiating their ill-begotten debt without the iron claws of thetroika in their neck. It may mean some hard times. But how much harder could it be than what they are going through now – and maybe for decades to come?

This is precisely what Argentina did in 2001, when they finally decoupled their peso from the US dollar. They ‘renegotiated’ their debt at about 25 cents to the dollar. Never mind the outcry of the rest of the Western world and Japan. After a one or two year slump, the Argentine economy quickly recovered at a highly distributive growth rate of 8% per year on average, reducing their poverty rate of close to 70% in 2001/2002, at the bottom of their crisis, to less than 12% by 2012. The Argentinean motto was foremost domestic self-sufficiency before international trade, to build a robust local economy.

Reality Check: Why isn’t this solution applied?
Peter Koenig: The leaders of the economically strangled nations know of that option. And although most of their people would like to get out of the Euro, their leaders are coopted by the fraudulent system and yield to the pressures from Brussels and Washington. How much longer will the people take it? The latest Greek repression is the closing of the state-run ERT TV station, because the EC orders more domestic austerity, cuts in domestic spending… when in reality ERT was the only station left where people could voice their critique and opposition to thetroika-obedient government.

Another option would be for the financially beaten European countries to adopt a system of public banking, nationalizing all the broken private banks, asking the respective countries' central banks to print their own euros, lend to the new public banks at low interest, so they could on-lend the low-interest money into the broken economy to revitalize it. In fact, there is no ECB rule prohibiting national central banks from printing money.

Reality Check: The Brussels bureaucracy will be very unhappy in such a scenario.
Peter Koenig: Of course, Brussels would bark. But the EU could hardly prevent it. The Commission might threaten the ‘culprits’ with sanctions, maybe with expulsion from the EU. But so what? The sovereign countries might send a signal for others to follow.
A common currency zone, per se, may be positive for its members, as long as they are on a similar economic development level. The EU, on purpose or by neglect, has set up a common currency zone without the necessary financial precautions that would prevent its member countries from being left in ‘the cold’ in case of a ‘crisis’. This would have been all the more important because of the economically disparate composition of the 17 euro zone countries.
Each euro zone member is responsible for its own ‘sovereign debt’. Sovereign debt should be managed by sovereign countries, according to what is best for their economies, without outside interference. In actuality, how to deal with this ‘sovereign debt’ is being dictated from outside – by the troika.

If disbanding their participation in the euro zone, “local production for local consumption” would be the way to work themselves out of the slump caused by globalized neoliberalism. They have the potential to grow out of the crisis. Similar to what Argentina and Iceland have done after defaulting on the criminal banking cartel. After all, and not withstanding internal strife, Greece and company have lived a decent life before being absorbed by the euro.

Reality Check: The eurozone debacle is just one dimension of the crisis. What about the other dimensions?
Peter Koenig: While this financial fiasco is ravaging Western Europe, another tentacle, the US military / security industrial complex through NATO is devastating the Middle East, so as to control the region’s vast energy resources – and for its strategic geopolitical position. All under false pretenses and lies, repeated at nauseatum until these lies become truth in the public mind. Leaders who refuse to bend to the dictum of the Judo-Anglo-Saxon Empire and its Western puppets must go. Syria’s President, Bashar Al Assad, is accused by US President Obama withentirely fabricated evidence of having used the poisonous sarin gas on his own people, and the Western corporate dominated media keep repeating and hammering in the lie, when the real evidence, even witnessed by UN observers (UN declaration in New York in May 2013), says thatsarin was used by the Western funded and NATO armed foreign mercenaries, falsely called the ‘rebels’ or the ‘opposition’. This NATO led invasion in Syria has already killed close to 100,000 people. In any case, why would President Assad, a soft-spoken, articulate, polite and highly sophisticated medical doctor, use sarin gas against his enemies, knowing about the US threats, when he is already winning the war by conventional fighting?

Why does the corporate controlled US media never broadcast interviews with Mr. Assad, so that his interviews and positions could be heard and seen by Americans?

Sadly, that’s the state of the world today. Syria has no chance. The sovereign nation of Syria must fall. Iran is next in the cross-hairs of the Empire. This savage ravaging of sovereign nations on the way to global dominance is part of the PNAC (Plan for a New American Century) along with other strategic Middle East and African countries with oil reserves, some of them already devastated by western led or inspired wars.
To shed some more light on what is in Washington’s plan towards full spectrum hegemony, let’s turn to General Wesley Clark, a Rhodes Scholar, the Supreme Allied Commander (Europe) of NATO, 1997-2000, who gave an interview on 2 March 2007 to the US radio station ‘Democracy Now’. He said when he visited his former staff at the Pentagon about ten days after 9/11, they told him in astonished tones that the US was going to war with Iraq and they didn’t understand why. When he visited the Pentagon a few weeks later again, they told him that the US was going to “take out” seven Middle East countries in the next five years: Iraq, Syria, Lebanon, Libya, Somalia, Sudan and Iran [ ].

Reality Check: What’s next on the US agenda?
Peter Koenig: Russia is already surrounded by NATO missile bases and China with US naval and air bases. Both Russia and China don’t want WWIII. It would mean nuclear annihilation for our planet as we know it.

Russia and China, with a population of about five times that of the US, could demolish the US economically almost overnight, by dropping their several trillion dollars of reserves, including all their gold on the market – a bloodless coup, so to speak. It would mean a global economic meltdown, a lot of ‘collateral’ damage to the European allies - the end of the capitalist system as we know it – a good thing in the medium and long run. The world would have to rethink ethics to build a new system – not backed by fiat money or other material values, such as the dollar, gold, or even euros, but by the actual achievements of a society.
  • #AndreiAndrei 28 July 2013, 19:12
    The formula for true freedom? - follow the money and seize control of it. There shouldn't be a single private bank run by private individuals serving their own agendas on this planet. Once you realise that, the way forward is simplicity itself, but the elites will of course do all in their power to make you dance to their old tunes and reject any New World Order of authentic people power. The entire debate about economics, politics and freedom is reducible to just a single question - who should control the money; the people or a small group of exceptionally rich private individuals unaccountable to the people yet controlling the people? Everything else is propaganda. So, whose side are you on? It's time to choose.
  • #Lea CoxLea Cox 1 August 2013, 16:34
    Well it is clearly a fight between good and evil this decade...fortunately there are many good people fighting back their own the end the natural order will bring the necessary balance. Nature has a way to create equilibrium no leader can control.
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