FT263


One of the striking effects of the current financial crisis has been the interest from some of the mainstream media in areas previously regarded as the province of conspiracy theorists.

Take The Economist, leading flag-waver for the financial sector on this side of the Atlantic. It ran a piece called “The global ruling class”, which described a new global “superclass” who “…attend the same universities… belong to the same clubs – the Council on Foreign Relations in New York is a particular favourite… meet at global events such as the World Economic Forum at Davos and the Trilateral Commission or – for the crème de la crème – the Bilderberg meetings or the Bohemian Grove seminars that take place every July in California.” [1]

The online financial analysts Bloomberg carried its columnist David Reilly’s comments on some of the detail of the great bank bailout in America:

“The idea of secret banking cabals that control the country and global economy are [sic] a given among conspiracy theor­ists who stockpile ammo, bottled water and peanut butter.