But we do not know everything about Draghi, arguably the most powerful man of Europe and one of the key financial players of the World. Naked Capitalism discusses today some of his story past and present:
Draghi, dubbed "a craven moneyman" by former Italian President F. Cossiga, was responsible of the European operations of Goldman Sachs from 2002 to 2005, precisely when the Greek accounts got muddied by GS intervention. Only for that reason we can well say that putting him on the ECB's gilded throne is like putting the fox to guard the chickens.
But there is more. Draghi is member of the powerful and ill-known banking lobby (promoted by the Rockefeller Foundation since 1978) which goes under the name of Group of Thirty (G30 for short), incidentally chaired by his predecessor at the ECB, Jean Claude Trichet.
The membership (32 people) of the G30 is quite revealing (in purple Goldman Sachs adepts):
- Paul Volcker - Chairman Emeritus; former Chairman of President Barack Obama's Economic Recovery Advisory Board; former Chairman of the US Federal Reserve
- Jacob A. Frenkel - Chairman of the Board of Trustees, Chairman of JPMorgan Chase International; former Chairman, Bank of Israel; former Chairman, Merryll Lynch; former Chairman, Inter-American Development Bank; former Vice-Chairman, Board of Governors, European Bank for Reconstruction and Development; Member, Trilateral Commission; Member, Investment Advisory Council to the Prime Minister of Turkey; Member, International Advisory Council, China Development Bank
- Geoffrey L. Bell - Executive Secretary; President Geoffrey Bell and Company
- Jean-Claude Trichet - Former President, European Central Bank; Honorary Governor, Banque de France
- Leszek Balcerowicz - Professor, Warsaw School of Economics; former President, National Bank of Poland
- Mark Carney - Governor, Bank of Canada; member, Board of Directors, Bank for International Settlements; Chairman, Financial Stability Board; former Partner and Managing Director, Goldman Sachs.
- Jaime Caruana - General Manager, Bank for International Settlements; former Governor, Banco de España
- Domingo Cavallo - Chairman and CEO, DFC Associates, LLC; former (infamous!) Minister of Economy, Argentina
- E. Gerald Corrigan - Managing Director, Goldman Sachs; former President, Federal Reserve Bank of New York - politically investigated in Britain for the Greek debt cover-up scandal
- Guillermo de la Dehesa - Director and Member of the Executive Committee, Grupo Santander; former Deputy Director, Banco de España
- Mario Draghi - Governor, European Central Bank; former Chairman, Financial Stability Board; former Governor, Banca d'Italia, former Goldman Sachs Managing Director and Partner
- William Dudley - President, Federal Reserve Bank of New York; Former Partner and Managing Director, Goldman Sachs
- Martin Feldstein - Professor of Economics, Harvard University; President Emeritus, National Bureau of Economic Research - a prominent Fundamentalist Neoliberal
- Roger Ferguson - President and Chief Executive Officer, TIAA-CREF; former Chairman, Swiss Re America Holding Corporation
- Stanley Fischer - Governor, Bank of Israel; Former First Managing Director, International Monetary Fund; former Vice-Chairman, Citygroup; member, Bilderberg Group
- Arminio Fraga Neto - Founding Partner, Gávea Investimentos (now owned by JP Morgan); Chairman of the Board, BM&F-Bovespa; former President of the Central Bank of Brazil; former (conservative) government advisor in Brazil
- Gerd Häusler - CEO, Bayerisch Landesbank; Former Managing Director and Member of the Advisory Board, Lazard and Company
- Philipp Hildebrand - Senior Visiting Fellow, Blavatnik School of Government, Oxford University; Former Chairman of the Governing Board, Swiss National Bank; Former Partner, Moore Capital Management
- Mervyn Allister King - Governor of the Bank of England; Former Professor, London School of Economics; Fellow, The British Academy
- Paul Krugman - Professor of Economics, Woodrow Wilson School, Princeton University; Former Member, Council of Economic Advisors
- Guillermo Ortiz Martínez - President and Chairman, Grupo Finaciero Banorte; Former Governor, Banco de México; Chairman of the Board, Bank for International Settlements
- Raghuram G. Rajan - Professor of Economics, Chicago Booth School of Business; Economic Advisor to Prime Minister of India
- Kenneth Rogoff - Professor of Public Policy and Economics, Harvard University; Former Chief Economist, International Monetary Fund
- Tharman Shanmugaratnam - Minister of Finance, Deputy Prime Minister Singapore; Former Managing Director, Monetary Authority of Singapore
- Masaaki Shirakawa - Governor, Bank of Japan; Former Professor, Kyoto University School of Government
- Lawrence Summers - Charles W. Eliot University Professor, Harvard University; Former Director, US National Economic Council; Former President, Harvard University; Former US Treasury Secretary
- Lord Adair Turner - Chairman, UK Financial Services Authority; Member of the House of Lords, United Kingdom
- Sir David Walker - Senior Advisor, Morgan Stanley International, Inc.; Former Chairman, UK Securities and Investments Board (now FSA)
- Axel A. Weber - Chairman, UBS Visiting Professor of Economics, Chicago Booth School of Business; Former President, Deutsche Bundesbank
- Yutaka Yamaguchi - Former Deputy Governor, Bank of Japan; Former Chairman, Euro Currency Standing Commission
- Ernesto Zedillo - Director, Yale Center for the Study of Globalization, Yale University, and Former President of Mexico
- Zhou Xiaochuan - Governor, People's Bank of China; Former President, Chinese Construction Bank; Former Asst. Minister of Foreign Trade (China)
The European Union's Ombudsman, Nikiforos Diamandouros, thinks that Draghi's membership in this lobby is incompatible with his role as Supereme Pontiff of the Euro-finances. The matter is under investigation and may take months before any conclusion is reached.
But the real fact is that this G30 and possibly other less known forums are shadow governments (or senates if you wish) of the World's effective administration. And we all know that if banksters and super-oligarchs rule the World, the World has a big problem.
Real Democracy Now! Banksters to the guillotine!