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May 3, 2010

Goldman Sachs banker sacked by Kaczynski to head new Warsaw office for bigger business

May 1, 2010

A Goldman Sachs banker who was fired as Prime Minister by President Lech Kaczynski is set to head a new branch of the bank to be opened in Warsaw, according to the website of the Chamber of German and Polish Industry and Commerce.

Kazimierz Marcinkiewicz was made Prime Minister by President Lech Kaczynski following the following the victory of the Law and Justice party in the September 2005 in elections, but he was fired soon after and went to work for Goldman Sachs in London.

Just three weeks after the death of President Kaczynski is a mysterious plane crash in Smolensk on April 10th, Goldman Sachs has said it is seeking to open an office in Warsaw, to expand its business in the region, and Marcinkiewicz is set to be its chief.

Goldman Sachs is just the latest of the big banks to flood into Warsaw to take advantage of the changes in government policies following the sudden death of about 100 top Polish military and government officials, including the central bank governor Slawomir Skrzypek, in a plane crash that has many of the marks of being deliberate.

Skrzypek pursued a monetary policy that was at odds with the wishes of the bankers and the pr euro, pro IMF Polish Prime Minister Donald Tusk.

In a letter published posthumously in the Financial Times, Skrzypek argued for a weak Zloty to boost exports, employment and tax revenues.

High exchange rates, achieved via the euro, have destroyed exports, increased unemployment and reduced tax revenues, putting countries in debt, and under the control of the banks, around Europe.

Greece’s is currently face ten years of rule by the IMF, the banker controlled financial body, following a debt mountain engineered with the help of Goldman Sachs as well as Goldman Sachs bankers employed in government positions.

Petros Christodoulou is former Goldman Sachs employee and currently the chief Greek government debt officer.

To pay the interest on this engineered mountain of paper debt, Greeks are expected to give up their pensions, their salaries and see huge cuts in social services.

So much money is expected to be sucked out of the Greek economy into the banks pockets that some eonomists expect Greece to enter a death debt spiral from which it will never recover.

Only the reintroduction of a new currency, or the drachma, at a good exchange rate can rescue Greece, economists argue.

Goldman Sachs is also facing criminal charges in the USA for its role in the current financial crisis, engineered by subprime mortgages and an investigation for its role in the derivatives.

Goldman Sachs’ role in the Greek meltdown is not being investigated – or in the Polish plane crash.

But perhaps the time to start is now given the evidence that the crash was deliberate and that Goldman Sachs has a direct motive to remove Lech Kaczynski over his sacking of Marcinkiewicz?

Bloomberg reports on the bank’s plans to expan their business in Poland:

Citigroup to Expand Polish Investment Bank Business (Update1)

April 21, 2010, 7:37 AM EDT 

 (Adds comment from Citigroup in third paragraph.) 

By Ambereen Choudhury and Gavin Finch 

April 21 (Bloomberg) — Citigroup Inc. says it will expand its Warsaw-based investment-banking operations in Poland to take advantage of planned government asset sales. 

The U.S. bank joins Goldman Sachs Group Inc., Credit Suisse Group AG and JPMorgan Chase & Co. in vying for advisory work for the government, which is preparing to sell stakes this year in its energy, insurance, chemical and phone companies to raise $10 billion to finance the widening budget deficit. 

Poland’s government is urging banks to set up shop in Warsaw if they want business from the state. Citigroup, which is based in New York, bought a majority stake in Bank Handlowy SA, Poland’s biggest corporate bank, in 2001. Citigroup has about 5,800 employees in Poland. 

The government plans this year to sell an additional 10 percent of PGE SA, the country’s biggest power producer. PZU SA, the state-owned insurer, may sell 8.1 billion zloty ($2.9 billion) of shares in an initial public offering next month, and the government also plans to sell more than 25 percent of utility Tauron Polska Energia SA in the first half of the year. The Warsaw bourse may also go public after the state dropped plans to sell the market operator to a competitor last year, according to the government. 

Goldman Sachs, based in New York, is seeking to open a branch office in Warsaw. Credit Suisse of Zurich announced in January a plan to open a brokerage this year after shutting its Warsaw stock-dealing business in 2003.

Polish elite diverted to another Smolensk airport and abducted, argues Gerhard Wisnewski

May 1, 2010

The inconsistent evidence that a Tupolev plane carrying about 100 people crashed close to Smolensk has sparked speculation that the Polish President and top military and civilian leaders could have been diverted to another airport close to Smolensk, and abducted on arrival.

Gerhard Wisnewski evidence suggests the Polish elite could hav been diverted to a little used airport south of Smolensk.

Given the security protocols, it is, however, highly unlikely that so many top ranking government officials boarded any plane together in Warsaw of their free will.

Anyone plotting to kill them  most likely wouldnot have risked their protests when they got on the plane and realized that every security rule had been breached. It is hard to see how they could have been marched to the plane in handcuffs.

Also, there is no evidence that the people who were alleged to be on the plane actually boarded any plane at all in Warsaw in the form of videos, photographs, witnesses etc.

Therefore, it cannot be ruled out that the Polish elite were abducted in Warsaw,  not necessarily even at the airport.  

Jadzia Donatowicz has found an audio recording of what appears to be the doomed Polish flight in which the pilot communicates to Smolensk control tower that there are only the four crew on board.

A video has emerged in which four gun shots can be heard at the crash site, prompting speculation that the four surviving crew were killed to remove witnesses.

But Gerhard Wisnewski writing for Info Kopp Verlag suggests that the Polish elite were on the plane, but that it was diverted to an aiport in the south of Smolensk, called Smolensk Yuzhny Airport and with the IATA-Code LNX.

This airport is 9 kilomertes from the military airport north of Smolensk called  Smolensk Severny Airfield with the IATA-Code XUBS, where the crash allegedly occurred.

It is little used, and the Polish elite could have been marched straight off under guard qhen they landed, suggests Wisnewski, while a crash was staged in the military airport to explain their disappearance.

However, Smolensk Yuzhny Airport has a runway of only 1.6 kilometres, too short for a Tupolev to land under normal conditions. A Tupolev needs 2.5 kilometres of runway, but using brakes it could land at 1.6 kilometres, argues Wisnewski.

He says the crash site at the military airport was staged.

A comparison between similar crashes of planes at tree height in the past shows that  most passengers survived and large portions of the plane remained in tact.

By contrast, in Smolensk, no one surived and there is no sign of the much of the main body of the plane, the fuselage, of the 150 seats, oor of burn or fire marks on the wreckage.

There is no evidence of a significant fire in the form of burnt trees or leaves as might be expected if  jet fuel caused the plane to explode as officials state.

The explosion is supposed to have consumed the fuselage.

Wisnewski says the physical evidence that a 225 metre Tupolev crashed is not what would be expected and the the parts of wreckage are  too small.

No large parts of wreckage have been found. A photo of the parts of the wreckage reassembled in one place shows that the fuselage is almost completely missing.

The wings look as if they have been cut off by a welder, so clean are the breaks. 

Wisnewski argues that all the wreckage parts are small enough to fit onto a truck or other vehicle to be transported from — or to — the crash site. 

In addition, the pieces of the wreckage at the crash site appear to be covered in rust. The cockpit shows signs of corrosion.

A Polish journalist who saw the crash, Slawomir Wisniewski, said he saw only parts of the plane, such as the left wing, followed by an explosion. He did not see a whole plane descend, and  burst into planes. He said he heard an explosion.

There is, therefore, no witness of the plane falling from the air.

The witnesses interviewed by Russia Today consist of children who could easily be persuaded ot tell a story under the eyes of the Russian military, argues Wisnewski. He points out that one of the boys yawns while his friend is describing seeing blood and parts of bodies everywhere with no visible signs of distress.

The small fires burning among the wreckage look like they were set artificially, Wisnewski argues.

Significantly, there were no sign that a 100 peeople were on board in videos of the crash site. There are no signs of  bodies, parts of bodies, parts of clothing, such as shoes, hats, coats etc, no accessories, such as  umbrellas, suitcases, briefcases, laptops, mobile phones, no papers, such as newspapers, documents and so.

There were also no ambulances rushing to the scene, no helicopthers, no sign of bodies covered over, no hangar set up to identify bodies, no interviews with first responders and doctors — all of which could be expected.

The absence of bodies would also be consistent with the crash of a plane with four crew members only.