20• NEXUSwww.nexusmagazine.comAUGUST – SEPTEMBER 2007
(former CEO, H. J. Heinz Co.); Thomas L. Hughes (formerPresident of the Carnegie Endowment for International Peace);Robert S. McNamara (President Kennedy's Secretary of Defenseand former President of the World Bank); William P. Bundy(former President of the Ford Foundation, and former editor of theCouncil on Foreign Relations'
journal); John J.McCloy (former President of Chase Manhattan Bank); George F.Kennan (former US Ambassador to the Soviet Union); Paul H.Nitze (former representative of Schroeder Bank; Nitze played avery prominent role in matters of arms control agreements, whichhave always been under the direction of the RIIA); Robert O.Anderson (former Chairman, Atlantic Richfield Co., andChairman, Aspen Institute for Humanistic Studies); John D.Rockefeller IV (former Governor of West Virginia, now USSenator); Cyrus Vance (Secretary of State under PresidentCarter); Eugene Black (former President of the World Bank); Joseph Johnson (formerPresident, Carnegie Endowment forInternational Peace); Gen. Andrew J.Goodpaster (former Supreme AlliedCommander in Europe, and laterSuperintendent of West Point Academy);Zbigniew Brzezinski (National SecurityAdviser to President Carter, co-founder of theTrilateral Commission); General AlexanderHaig (once European NATO Commander,former assistant to Henry Kissinger, and laterS ecretary of State under President Reagan);James S. Rockefeller (former President andChairman, First National City Bank,now Citibank).
Thanks to our inside sources at theconference, we have compiled what webelieve to be an accurate and a crediblemodel of the Bilderberg 2007conclusions. Following is a summaryof some key points with someadditional commentary added. Othersubjects discussed were climate changeand global warming, Turkey's role inthe new European Union, World Bankreforms, Middle East geopolitics, the conflict in Iraq, Iran'spotential nuclear threat, and the future of democracy andpopulism.
Robert Zoellick and The World Bank
The United States delegation is standing unanimously behindRobert Zoellick's candidacy as the next President of The WorldBank. Zoellick is a 53-year-old Wall Street executive, a formerofficial in two Bush administrations and a free-marketfundamentalist. During the meeting, he pledged "to work torestore confidence in the bank". "We need to put our differencesaside and focus on the future together. I believe that the WorldBank's best days are still to come," Zoellick said. The chances of Zoellick not being approved for the presidency are slim to none.The final decision is to be made in late June by the bank's 24-member board of directors.The United States and Europe have a tacit agreement betweenthem that the World Bank's President should always be a USnational, while its sister institution, the International MonetaryFund (IMF), should always be headed by a European.Nevertheless, according to our sources at the conference,European Bilderbergers are not at all pleased with continuing thestatus quo, in which the US nominates a single candidate afterinformal consultations with World Bank members.The Zoellick nomination also appears to short-circuitburgeoning calls for reform of this selection process at the WorldBank, one of the cornerstones of the global financial architectureas designed by the victors of World War II. One BelgianBilderberger proposed "a merit-based selection process, withoutregard to nationality", something which will obviously bediscarded by the inept Bush administration. What is quiteremarkable is that on several occasions European Bilderbergersopenly rejected the current model, saying "the nomination reeksof double standards", especially because both the USA and theWorld Bank preach accountability andtransparency to developing countries—themain clients of the bank.But with the IMF under the control of aSpaniard, Rodrigo Rato, and the EuropeanCentral Bank headed by a Frenchman, Jean-Claude Trichet, it was difficult to imagine thatthe USA would give up control of the WorldBank. Only the US Federal Reserve wouldremain in the hands of the Americans."Replacing one Bush appointee withanother will not resolve the fundamentalgovernance problems of the World Bank,"said one Scandinavian. "Membergovernments should reject a back-doordeal that leaves the bank's governancestructure intact, and should press for anopen, merit-based selection process," hesaid.Zoellick's name also raised eyebrowsamong development groups for his closeties to the US establishment andcorporate interests.One of the attendees (I have not beenable to confirm this individual's identity)asked Zoellick how he was planning topatch up relationships with Third andFourth World nations when he is bestremembered during his tenure as USTrade Representative for arm-twisting poor nations' governmentsto adhere to US-imposed intellectual-property laws that makemedicines, for example, unaffordable in the developing world.Zoellick has been a close friend to the brand-name pharmaceuticalindustry, and the bilateral trade agreements he has negotiatedeffectively block access to generic medications for millions of people.However, what has really riled both the American andEuropean delegates is the fact that the World Bank's dirty linen isbeing washed in public, thanks in great part to Paul Wolfowitzand his ineptness, which incidentally he has blamed on the press.[
P o s t s c r i p t :
On 25 June, Robert Zoellick was unanimouslyelected President of The World Bank for a five-year term, takingover from Paul Wolfowitz on 1 July. In a statement posted athttp://www.worldbank.org, he said: "Once I start at the WorldBank, I will be eager to meet the people who drive the agenda of overcoming poverty in all regions, with particular attention toAfrica, advancing social and economic development, investing ingrowth, and encouraging hope, opportunity and dignity."]
The United States andEurope have a tacitagreement betweenthem that theWorld Bank's Presidentshould always be aUS national, whileits sister institution,the InternationalMonetary Fund (IMF),should always beheaded by a European.