Difference between revisions of "Norman Lamont"

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|description=Long time Chairman of Le Cercle
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|description=Long time Chairman of Le Cercle, financier, politician and deep politician, involved in arms and financial deals.
 
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[[Norman Lamont]] was the UK [[Chancellor of the Exchequer]] from 1990 to 1993. He was raised to the peerage as Baron Lamont of Lerwick, of Lerwick in the Shetland Islands in 1998.<ref>[http://www.parliament.uk/biographies/norman-lamont/27073 Lord Lamont of Lerwick], www.parliament.uk, accessed 1 June 2010.</ref>
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[[Norman Lamont]] was the UK [[Chancellor of the Exchequer]] from 1990 to 1993. He was raised to the peerage as Baron Lamont of Lerwick, of Lerwick in the Shetland Islands in 1998.<ref>[http://www.parliament.uk/biographies/norman-lamont/27073 Lord Lamont of Lerwick], www.parliament.uk, accessed 1 June 2010.</ref> He was held key political appointments at crucial times:- he became UK [[Minister for Defence Procurement]] just in time to sign the [[Al-Yamamah arms deal‎]] and he was [[Chancellor of the Exchequer]] when [[Black Wednesday]] transferred around £3B from UK taxpayers to currency traders.
  
 
==Background==
 
==Background==

Revision as of 14:35, 16 August 2015

Person.png Norman Lamont  Rdf-entity.pngRdf-icon.png
(politician, deep politician)
Lord-Norman-Lamont.jpg
Member ofBenador Associates, Bruges Group, Le Cercle, Sacred Military Constantinian Order of Saint George
Long time Chairman of Le Cercle, financier, politician and deep politician, involved in arms and financial deals.

Employment.png Chairman of Le Cercle

In office
1996 - 2008
Preceded byJonathan Aitken
Succeeded byMichael Ancram
He quit between 13 October 2008 and 3 April 2013.

Employment.png Chancellor of the Exchequer Wikipedia-icon.png

In office
28 November 1990 - 27 May 1993
Preceded byJohn Major
Succeeded byKenneth Clarke
Lamont was involved in Black Wednesday, which transferred billions of pounds from UK taxpayers to financial traders (most notably George Soros).

Employment.png Chief Secretary to the Treasury Wikipedia-icon.png

In office
24 July 1989 - 28 November 1990
Preceded byJohn Major
Succeeded byDavid Mellor

Employment.png Financial Secretary to the Treasury Wikipedia-icon.png

In office
21 May 1986 - 24 July 1989
Succeeded byPeter Lilley

Employment.png Minister for Defence Procurement

In office
2 September 1985 - 21 May 1986
Succeeded byDavid Trefgarne
The Al-Yamamah weapons deal was signed a few weeks after Lamont got this job.

Norman Lamont was the UK Chancellor of the Exchequer from 1990 to 1993. He was raised to the peerage as Baron Lamont of Lerwick, of Lerwick in the Shetland Islands in 1998.[1] He was held key political appointments at crucial times:- he became UK Minister for Defence Procurement just in time to sign the Al-Yamamah arms deal‎ and he was Chancellor of the Exchequer when Black Wednesday transferred around £3B from UK taxpayers to currency traders.

Background

Before entering Parliament he worked for N M Rothschild & Sons, the investment bank, and became director of Rothschild Asset Management.[2]

Le Cercle

According to his former profile at Benador Associates:

Since 1996 Lamont has been Chairman of Le Cercle, a foreign policy Club founded by German Chancellor Adenauer after the War with members from over twenty-five countries. This group, which meets bi-annually in Washington DC, includes many senior intelligence experts and has a particular interest in the War against Terrorism.[3]

His involvement with Le Cercle is covered in detail by The Institute for the Study of Globalisation and Covert Politics in a comprehensive study: Le Cercle and the struggle for the European continent which it subtitles a "Private bridge between Vatican-Paneuropean and Anglo-American intelligence". The study includes membership list back to its original foundation and names as "important members" Lord Julian Amery, his protege Jonathan Aitken and Lord Norman Lamont (all three members of the Privy Council).

The Evening Standard reported in 2003 that Lamont was attending a Le Cercle gathering in Salzburg.[4]

Al Yamanah weapons deal

Lamont was made Minister for Defence Procurement under Margaret Thatcher just before the signing of the first tranche of the Al-Yamamah arms deal‎ disbursed millions of pounds of commissions to various parties.

Black Wednesday

On 16 September 1992, a.k.a. 'Black Wednesday', Lamont as Chancellor of the Exchequer sold around £27 billion of sterling reserves before leaving the Exchange Rate Mechanism. The resultant loss to the UK Treasury was estimated at around £3.3 billion[5] This is generally understood as an accidental loss, one in which politicians learned humility in the face of the "free market" forces they had regulated into existence. The fact remains however, that Lamont's decisions caused people he knew personally to make vast profits at the UK tax payers' expense. George Soros in particular, having lead the short selling of sterling for some days before, pocketed over £1 billion profit from the episode. Interestingly, Soros is strongly suspected to be a member of Le Cercle, a deep state group which Lamont later chaired.[6] At a press conference two weeks later, Lamont when asked why he was so cheerful, replied "Well, it is a very beautiful morning, but it is funny you should say that. My wife said she heard me singing in the bath this morning."[7]

Euro Double think

It is interesting that while chairing the strongly pro-European Le Cercle, Lamont was co-chair of the anti-European Bruges Group.[8]

Other Affiliations

Directorships

External Resources

 

Events Participated in

EventStartEndLocation(s)Description
Bilderberg/19958 June 199511 June 1995Greece
Nafsika Astir Palace Hotel
Vouliagmeni
The 43rd Bilderberg. Held at the Burgenstock Hotel in Burgenstock, Switzerland.
Black Wednesday16 September 199216 September 1992The swift transfer of over 3 billion pounds to financial speculators from UK taxpayers.
Le Cercle/2004 (Belgrade)17 June 200419 June 2004Serbia
Belgrade
Royal Palace
"A dinner held in Belgrade on 18 June 2004, "in honor of the “Le Cercle” conference taking place in Belgrade from 17th to 19th June."
Le Cercle/2005 (Paris)16 June 200519 June 2005France
Paris
Exposed 2 days later by the Saudi Embassy in London
Le Cercle/2019 (Bahrain)26 June 201929 June 2019Bahrain
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References

  1. Lord Lamont of Lerwick, www.parliament.uk, accessed 1 June 2010.
  2. {{URL|example.com|optional display text}}
  3. Lord Lamont of Lerwick, Benador Associates, via the Internet Archive, archived 22 August 2008, accessed 1 June 2010.
  4. Britain is represented by, among others, spy writer and former Tory MP Rupert Allason, Tory Deputy Leader Michael Ancram, Shadow Foreign Affairs Minister Alan Duncan, former GEC and Warburg director Sir Ronald Grierson, Lord Lamont, Lt Col Tim Spicer of Aegis Defence Services and Sir Stephen Lander, former head of MI5. Is this a new Bilderberg Group in the making?
    Damien McCrystal, Spooky Tale from Salzburg, Evening Standard, 25 September 2003.
  5. http://www.guardian.co.uk/politics/2005/feb/09/freedomofinformation.uk1
  6. http://www.isgp.nl/Le_Cercle_membership_list
  7. http://www.theguardian.com/business/2007/jul/22/conservativeparty.politics
  8. Register of Lords' Interests: As on 16 July 2004
  9. REGISTER OF LORDS' INTERESTS, www.parliament.uk, 13 October 2008.
  10. http://web.archive.org/web/20130403224428/http://www.parliament.uk/biographies/lords/lord-lamont-of-lerwick/895