Actual speech not at Bildeberg , but at Palais des Beaux Arts in Brussels, Belgium

Full speech here

https://www.youtube.com/watch?v=qCxLTn6TNaA

relevant section at 3m00s

https://youtu.be/qCxLTn6TNaA?t=3m2s

Larger transcript show OP is twisting the words

Leaders and dignitaries of the European Union; representatives of our NATO Alliance; distinguished guests: We meet here at a moment of testing for Europe and the United States, and for the international order that we have worked for generations to build.

Throughout human history, societies have grappled with fundamental questions of how to organize themselves, the proper relationship between the individual and the state, the best means to resolve inevitable conflicts between states. And it was here in Europe, through centuries of struggle — through war and Enlightenment, repression and revolution — that a particular set of ideals began to emerge: The belief that through conscience and free will, each of us has the right to live as we choose. The belief that power is derived from the consent of the governed, and that laws and institutions should be established to protect that understanding. And those ideas eventually inspired a band of colonialists across an ocean, and they wrote them into the founding documents that still guide America today, including the simple truth that all men — and women — are created equal.

But those ideals have also been tested — here in Europe and around the world. Those ideals have often been threatened by an older, more traditional view of power. This alternative vision argues that ordinary men and women are too small-minded to govern their own affairs, that order and progress can only come when individuals surrender their rights to an all-powerful sovereign. Often, this alternative vision roots itself in the notion that by virtue of race or faith or ethnicity, some are inherently superior to others, and that individual identity must be defined by “us” versus “them,” or that national greatness must flow not by what a people stand for, but by what they are against.

source: https://obamawhitehouse.archives.gov/the-press-office/2014/03/26/remarks-president-address-european-youth

Considered in their full context, President Obama’s mentions to ordinary men and women being “too small-minded to govern their own affairs” and order and progress being possible only “when individuals surrender their rights to an all-powerful sovereign” are clearly references to an old, undesirable form of power, not an expression of President Obama’s viewpoint about how things are or should be in the world today.

so clever editing to tell a lie.

This should not be necessary, surely there is enough legitimate proof that you don't have to make shit up?