"In May 1973, with the dramatic fall of the dollar still vivid, a group of 84 of the world?s top financial and political insiders met at Saltsjobaden, Sweden, the secluded island resort of the Swedish Wallenberg banking family.
"This gathering of [the] Bilderberg group heard an American participant, Walter Levy, outline a "scenario" for an imminent 400 percent increase in OPEC petroleum revenues.
"The purpose of the secret Saltsjobaden meeting was not to prevent the expected oil price shock, but rather to plan how to manage the about-to-be-created flood of oil dollars, a process U.S. Secretary of State Kissinger later called 'recycling the petrodollar flows.'" — F. William Engdahl, A Century of War (2004) [38]
According to research outlined in Dr. David Spiro's book, The Hidden Hand of American Hegemony (1999), it was during this time (May 1973 during the first ever Bilderberg Meeting) that OPEC began discussions on the viability of pricing oil trades in several currencies.
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"This gathering of [the] Bilderberg group heard an American participant, Walter Levy, outline a "scenario" for an imminent 400 percent increase in OPEC petroleum revenues.
"The purpose of the secret Saltsjobaden meeting was not to prevent the expected oil price shock, but rather to plan how to manage the about-to-be-created flood of oil dollars, a process U.S. Secretary of State Kissinger later called 'recycling the petrodollar flows.'" — F. William Engdahl, A Century of War (2004) [38]
According to research outlined in Dr. David Spiro's book, The Hidden Hand of American Hegemony (1999), it was during this time (May 1973 during the first ever Bilderberg Meeting) that OPEC began discussions on the viability of pricing oil trades in several currencies.
Read Entire Article »
