The world’s power elite, the Bilderberg club, is getting together today at the five-star Nafsika Astir Palace Hotel in Greece. US Treasury Secretary Tim Geithner will be there. So will World Bank president (and Goldman Sachs alumnus) Robert Zoellick; head of Deutsche Bank Jo Ackermann; and European Central Bank president Jean-Claude Trichet. The topic of discussion is the global economic meltdown.

Notes can reveal that the pre-meeting booklet for the meeting is predicting “either a prolonged, agonising depression that dooms the world to decades of stagflation, decline and poverty – or an intense but shorter depression that paves the way for a new sustainable economic world order, with less sovereignty but more efficiency.”