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

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.

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

  1. The animal hasn’t stopped quivering yet and already they’re cutting steaks out of it. This is the typical IMF-Soros-Banker chop-shop operation. “Privatize” everything so banks and speculators make huge profits–paid for by rate increases on the average people–drive everyone and the country deeper into debt, then saddle them with more debt and austerity measures. Finally, their women can be sent to Israel to join the growing ranks of Eastern European prostitutes.

    Argentina is a good example of what Poles can expect.

    Yes, you’re getting warm here as to who and what was behind the plane crash, or whatever it was.

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  8. frpam says:

    Es ist nicht schwer zu erkennen, dass das eigentliche Ziel der Unterdrückung der Rechte der Frauen, Frauen als blosse “wandernde Gebärmütter” behandeln zu wollen ‘… so dass die Gesellschaften mit einem demografischen Vorteil blieben …
    Das moderne Europa ist eine der grössten ethischen Übeltaten der Geschichte: sie kritizieren die Unterdrückung der Rechte der Frauen … und behaupten gleichzeitig, dass man die demografische “gute Produktion” aus bestimmten Völkern verwerten sollte, [diese “gute Produktion” wurde speziell durch die Unterdrückung der Rechte der Frauen ermöglicht] … um die Kosten der demografischen Erneuerung in Europa zu verringern.
    {Erneuerung der Bevölkerung: bedeutet eine Geburtenrate von 2,1 Kindern pro Frau zu erreichen … und dies impliziert die Kosten demografischer Erneuerung: monetäre Anreize für die Geburt, Ausgaben mit der Fruchtbarkeit der Paare, Ausgaben mit der Schwangerschaft der Frauen, Ausgaben mit Gesundheit und Bildung bis zum Alter des erwachsen sein, usw.}

    Aufruf verbreitet in der INTERNET:
    Sexuelle Erziehung ohne Tabus oder Neo-Tabus:
    – Künstliche Gebärmütter (Eine wissenschaftliche prioritäre Forschung) und unterstützte Prostituition.
    Es gibt noch dumme Leute, die an Märchen glauben… aber wir müssen der Realität in die Augen schauen:
    – In den traditionell polygamen Gesellschaften haben nur die stärksten Männchen Kinder.
    – Allerdings, um überleben zu können, hatten viele Gesellschaften die Notwendigkeit die schwächeren Männchen zu mobilisieren / motivieren in dem Sinne, dass sie sich für den Kampf um die Bewahrung ihrer Identität interessierten. In der Tat, die Analyse des Sex-Tabus (in traditionell monogamen Gesellschaften) sehen wir, dass der eigentliche Zweck des Sex-Tabus die soziale Integration sexuell schwacher Männchen war.

    1 – Jeder ist, wie er ist, die Frauen sind, wie sie sind, und den schwächeren Männchen (ein Beispiel: ich!) sollte es egal sein, ob sie von Frauen abgelehnt werden: Prostituierte benutzten/bezahlen ist eine normale Tätigkeit, nicht kriminell [Anmerkung: Männchen traditionell monogamer Gesellschaften sollten das Recht haben, eine billigere prostituition zu haben (mit Steuern unterstützung auf Luxusprostitution].
    2 – In traditionell polygamen Gesellschaften ist es natürlich, dass nur die stärksten Männer Kinder haben, TROTZDEM müssen die traditionell monogamenen Gesellschaften ihre Geschichte akzeptieren! Das heisst, diese Gesellschaften dürfen nicht die sexuell schwächeren Männchen wie die Mülleimer der Gesellschaft behandeln! Das heisst, Männer (mit guter Gesundheit) von den Weibchen zurückgewiesen sollten das legitime Recht auf eine KÜNSTLICHE GEBÄRMUTTER haben …

    ANMERKUNG: Sexuelle Inkompetenz bedeutet nicht nutzlos ssein … in der Tat, die schwächeren Männchen haben schon ihren Wert gezeigt: die technologisch fortgeschrittenen Gesellschaften … sind traditionelle monogame Gesellschaften!

    ANMERKUNG 2: Heutzutage, gehen einerseits viele Frauen auf Suche nach Männern mit einer grösseren sexuellen Kompetenz, besonders Männer aus traditionell polygamen Gesellschaften: in diesen Gesellschaften haben nur die stärkeren Männer Kinder, sie suchen sie aus und verfeinern die Qualität der Männer.
    Andererseits suchen heutzutage viele Männer traditionell monogamener Gesellschaften Weibchen aus anderen Gesellschaften, die wirtschaftlich geschwächt sind [sanft] …

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