Saltsjöbaden, 1973

Figure 5 Two excerpts from the confi dential protocol of the May 1973 meeting of the Bilderberg group at Saltsjöbaden, Sweden. Note that there was discussion about the danger that ‘inadequate control of the fi nancial resources of the oil producing countries could completely disorganize and undermine the world monetary system.’ The second excerpt speaks of ‘huge increases of imports from the Middle East. The cost of these imports would rise tremendously.’ Figures given later in the discussion show a projected price rise for OPEC oil of some 400 per cent.

Present at Saltsjöbaden that May were Robert O. Anderson of Atlantic Richfield Oil Co.; Lord Greenhill, chairman of British Petroleum; Sir Eric Roll of S.G. Warburg, creator of Eurobonds; George Ball of Lehman Brothers investment bank, and the man who some ten years earlier, as assistant secretary of state, told his banker friend