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Saturday, August 24th, 2013

Larry Summers and the Secret ‘End-Game’ Memo

Author:     GREG PALAST
Source:     Vice Magazine
Publication Date:     Thursday, August 22, 2013
 Link: Larry Summers and the Secret ‘End-Game’ Memo
Stephan:   I think this story as radical as it may seem is, in fact, correct in its basic outlines. It is of a piece with the story I ran the other day on the Trans Pacific Partnership Agreement. Both describe the rise of the non-geographical corporate states, and the subordination of the nation states to the NGCS's advantage. I think history is going to damn Obama and his administration for the financial practices they have permitted throughout his administration.

When a little birdie dropped the End Game memo through my window, its content was so explosive, so sick and plain evil, I just couldn’t believe it.

The Memo confirmed every conspiracy freak’s fantasy: that in the late 1990s, the top US Treasury officials secretly conspired with a small cabal of banker big-shots to rip apart financial regulation across the planet. When you see 26.3% unemployment in Spain, desperation and hunger in Greece, riots in Indonesia and Detroit in bankruptcy, go back to this End Game memo, the genesis of the blood and tears.

The Treasury official playing the bankers’ secret End Game was Larry Summers. Today, Summers is Barack Obama’s leading choice for Chairman of the US Federal Reserve, the world’s central bank. If the confidential memo is authentic, then Summers shouldn’t be serving on the Fed, he should be serving hard time in some dungeon reserved for the criminally insane of the finance world.

The memo is authentic.

To get that confirmation, I would have to fly to Geneva and wangle a meeting with the Secretary General of the World Trade Organization, Pascal Lamy. I did. Lamy, the Generalissimo of Globalization, told me,

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