CONSPIRACY TO STEAL WANTA’S $4.5 TRILLION EXPOSED
Tuesday 21 November 2006 23:27
By Christopher Story FRSA, Editor and Publisher, International Currency Review, World Reports Limited, London and New York: www.worldreports.org. Press the ARCHIVE Button on the Home Page for Wanta Crisis reports since June 2006.
Note to all ICR subscribers: Please read this and preceding postings for updates that are not included in the latest (double) issue [International Currency Review, Volume 31, #s 3 and 4], which went to press in late October. The list of banks with accounts holding funds belonging to the Ambassador, was published in the posting dated 26th October 2006 entitled AUTHORITATIVE LIST OF THE WANTA BANKS. The earlier posting on the offer made by Ambassador Leo Wanta to the Austrian authorities remains accurate, valid and unaltered by subsequent developments. It is up to Vienna either to accept or to reject his offer of massive tax windfalls.
Ever since the formally agreed and signed-off Settlement for Ambassador Leo Wanta of $4.5 trillion, which he has made over to his Virginia-based corporation AmeriTrust Groupe, Inc, was hijacked by the criminal gangs running the US Government in July 2006, Leo Wanta’s associates and key investigators, operating deep within the financial system, have been able to monitor what has been happening to the funds, who is benefiting, and which institutions are associated with these serial fraudulent transactions. International Currency Review is now authorised to disclose details of the latest diversionary operation surrounding the Ambassador’s funds.
$4.5 TRILLION WANTA FUNDS REMAIN TAGGED AT GOLDMAN SACHS
In the first place, it is important to bear in mind, when reading what follows, that the $4.5 trillion REMAINS located in the form of a CHIP that is tagged in the name of Ambassador Leo Wanta and his Virginia-based corporation, AmeriTrust Groupe, Inc., in a US Treasury account with Goldman Sachs. The US Treasury Secretary, Henry M. Paulson, was formerly the CEO of Goldman Sachs, which is deploying these funds for its own institutional and self-enrichment purposes.
Therefore, the convoluted operation described below has nothing to do with Wanta’s tagged funds, but reflects rather a diversionary and criminal conspiracy masterminded by none other than Henry M. Paulson himself, who has insisted on the telephone to several victims of his Department’s capriciously aberrant behaviour in recent weeks, that ‘I CONTROL THE SHOW, I DECIDE WHEN AND HOW TO RELEASE THE MONEY, IF I DECIDE TO PAY…’. [For outburst context, see below].
TREASURY AND CORRUPT BANKS CONSPIRE TO AVOID PAYMENT
In the light of intelligence developed by investigators working with Ambassador Wanta and his colleague, the Treasurer of AmeriTrust Groupe, Inc, Michael C. Cottrell, M.S., it has emerged that Paulson thinks he is in charge of decisions concerning the disposition inter alia of Wanta’s funds, and that their placement is entirely a matter for him alone, and for no-one else – not even the President of the United States, George W. Bush Jr., who has hitherto been blamed for this breakdown of financial discipline and overt criminal activity at the highest levels in Washington.
PAULSON EMERGES AS THE MASTER CRIMINALIST OPERATIVE
Contrary to earlier impressions, it has become clear that this man is a menace to the continued integrity of the US Government, and that power has corrupted him completely. The latest example of his dangerous brinkmanship is the complex diversionary financial ‘pass-the-parcel’ operation, described below, which was designed to enable both the Treasury and the Federal Reserve to claim that they have fulfilled their obligations towards (inter alia) Ambassador Wanta – whereas in reality, what has been mounted is the Grandfather of all US Government Financial Scams:
According to a Compliance Officer speaking with authority on what he knows from the US Treasury, the $4.5 trillion of Wanta’s funds were included within funds that were Treasury-directed from the US Treasury’s account with a large Wall Street institution, to the Federal Reserve, and thence to Bank of America, Los Angeles, CA, and thence again to Wachovia Bank, New York, from which disbursements were to be made (ostensibly) to various accounts – including the Securities Account of AmeriTrust Groupe, Inc, with Morgan Stanley in New York.
And according to the same ‘authoritative’ source, THE US TREASURY DEPARTMENT IS NOW FINISHED WITH THIS TRANSACTION. Any failure to deliver the funds is therefore now supposedly a banking problem, and nothing to do with the Treasury and the Federal Reserve. Clever, isn’t it? Because…
WACHOVIA BANK IS IMPLICATED IN THE LATEST DIVERSION
We are now authorised to state that the aforementioned US Treasury Direct was diverted/hijacked by the SENIOR COMPLIANCE OFFICER WITH WACHOVIA BANK, NEW YORK, A CERTAIN MR ROBERT ARMENTA (phonetic), WHO ALSO ‘JUST HAPPENS’ TO BE A SENIOR COMPLIANCE OFFICER WITH THE FEDERAL RESERVE BANK OF NEW YORK. This information has been verified by more than the usual two sources.
THE SAME COMPLIANCE OFFICER IS IMPLICATED IN THE MISSING $5.5 TRILLION OF OVER-THE-COUNTER CREDIT DERIVATIVE OBLIGATIONS (CDOs/CBO), alluded to in a Lipper HedgeWorld report from Basel, Switzerland, by Martin de Sa’Pinto, Senior Financial Correspondent, dated 17th November 2006, posted at 7.47 am on that day.
In that report, referring to the fact that notional amounts of all types of derivatives contracts jumped to $369.9 trillion in the first half of 2006, representing an increase of 24% on the previous half-year period, it was explained that ‘notional amounts in the interest rate segment (of aggregate derivatives contracts outstanding) are relatively huge compared to the actual risk involved. This is implied by the gross market values for this segment, which total around $5.5 trillion, or 2% of the notional values that are outstanding’. Translated into the vernacular, this means that $5.5 trillion has gone missing. This development is not to be confused with, and is quite separate from, the $4.275 trillion of US Treasury Securities and Federal Reserve Notes (FRNs) reported in early November to be in default in three European money centers – a figure that is believed by now to be significantly larger.
THE TREASURY DIRECT FUNDS AND THE CBO FUNDS HAVE BEEN TRANSFERRED VIA WACHOVIA TO HSBC (BIRMINGHAM, UNITED KINGDOM), DEUTSCHE BANK (BERLIN) AND STANDARD CHARTERED BANK (DUBAI), BY THE BUSH-PAULSON-BERNANKE CRIMINALIST OPERATIVES WHO ARE SEEKING EVERY MEANS OF HOLDING ON TO THE FUNDS AND OF PREVENTING FULFILMENT OF THE WANTA SETTLEMENT, BOTH FOR SELF-ENRICHMENT PURPOSES AND ALSO BECAUSE THEY FEAR THAT IF WANTA IS PAID, HE WILL ENSURE THAT ALL CONCERNED ARE INDICTED AND SLAMMED INTO JAIL.
In reality, a 75-year ‘gag’ order will come into effect the moment he is paid (which WILL happen), and these aberrations will remain reported – exclusively, it seems, by International Currency Review, as the controlled ‘mainstream media’ is blind and has no real clue – for future financial historians to dissect. At least, that was what the Ambassador originally had in mind, since he (correctly) believes that ‘vengeance is the Lord’s’. However, according to law enforcement, as these official criminal operatives have become ever more brazen, and have compounded their past financial crimes by perpetrating fresh scams on the shaky assumption that they can continue to play fast and loose with the funds of others, it is becoming less and less likely that they can escape the inevitable crackdown and backlash that will ensue as they continue to play Russian routlette on this scale.
WACHOVIA BANK AND ITS SENIOR COMPLIANCE OFFICER HAVE DISREGARDED THREE (3) FEDERAL RESERVE DIRECTIVES AND ONE (1) FED ORDER TO EFFECT PAYMENT ON THE TREASURY DIRECT TRANSMITTALS FOR AMERITRUST GROUP, INC., IN FINAL SETTLEMENT OF THE $4.5 TRILLION.
Also deprived of their funds, which were to have been settled in tandem with the Ambassador’s $4.5 trillion, are law firms represented by TROUTMAN SANDERS LLP and PARKER CHAPIN LLC.
It stands to reason that if you double-cross powerful legal firms, and deprive them of what is owed to them, you are running a level of risk which exceeds that entailed when you double-cross others. This is the measure of the perpetrators’ arrogance.
IF WACHOVIA HAS TO BE CLOSED, THE MELTDOWN WILL SPREAD
It should be pointed out that Wachovia Bank is one of the ‘owners’ of the privately-owned Federal Reserve System. Wachovia Bank was advised on Friday the 17th November and again on Monday 20th November 2006 that steps will be taken to have the bank closed down if the Ambassador’s funds are not paid into his Virginia-based corporation’s Securities Account with Morgan Stanley in New York, without further delay. This will precipitate the global financial meltdown that these criminal idiots are evidently doing their utmost to precipitate.
On 15th November 2006, Mr Paulson was confronted by parties we are not permitted to name, concerning his culpable non-performance in respect of various outstanding Treasury obligations, of which the Wanta Settlement is just one of a number – the largest being the Treasury’s $32 trillion contract with the Chinese of 20th June 2006.
PAULSON USURPS THE POWER OF THE PRESIDENT
In response this legitimate enquiry, this former CEO of Goldman Sachs responded in a threatening tone of voice with the following assertive statement:
‘I CONTROL THE SHOW, I DECIDE WHEN AND HOW TO RELEASE THE MONEY, IF I DECIDE TO PAY…’. This reminds us of the Luciferian remark of one of his underlings last September, who was telephone-recorded saying: ‘We’ll pay when we’re Goddam ready’.
By the above circuitous means, the Treasury thinks it has ‘washed its hands’ of the Wanta Settlement, by arranging for its co-conspiring financial institutions to divert the funds – which of course they are all handling illegally, laying themselves open to RICO litigation in the American courts – in such a way that no-one can be blamed for the Treasury’s non-performance. Unfortunately for Mr Paulson, this despicably crooked little diversionary scheme – designed to enable Goldman Sachs to keep the Ambassador’s $4.5 trillion – is not about to work out as planned.
We are advised that those directly participating in this devious hijacking operation, or with knowledge of it, include President George W. Bush Jr. (who is in a position to order his colleagues to cease and desist from their fraudulent behaviour, even if Mr Paulson believes that HE is in sole overall charge), Vice-President Richard B. Cheney, Treasury Secretary Hank Paulson himself, Federal Reserve Board Chairman Dr Ben Bernanke, and the Director of National Intelligence, John Negroponte.
CUNNING, CLUMSY PLOT TO GET TREASURY AND FED OFF THE HOOK
The diversionary plot was arranged in the usual two-faced, deceitful manner – with the US Treasury and the Federal Reserve issuing instructions that the perpetrators wrongly imagined will enable both of them, and their senior officers, to deny any wrongdoing – and involving complicit institutions both in the United States and abroad. All concerned are co-conspirators and accessories to the continuing facts of this official corruption. Apparently, because all this corruption is officially condoned, the participating institutions and their senior officers (at home and abroad) believe that they will be in the clear when the day of reckoning arrives. We don’t think so.
In fact, let us be clear about this: both the US and the foreign institutions that are illegally mishandling funds represented to be based upon those belonging to the Ambassador and other owners, are wide open to eventual RICO litigation in the US courts. And since powerful law firms have been double-crossed and are victims of these officially perpetrated and condoned scams, the likelihood of such outcomes is far from academic. For a list of the US laws that are being flouted by these official crooks, please see earlier website postings in this series, on www.worldreports.org.
And another point has to be stressed. Although the Wanta funds have been annexed by Goldman Sachs and remain tagged in favour of Ambassador Leo Wanta and his corporation, as described above, the US Treasury has falsely represented, as has the Federal Reserve – through the Treasury’s Directions and the Federal Reserve’s three Directives and one Order – that the instructions that both have given, concern inter alia, the disposition of the $4.5 trillion belonging to the Ambassador.
DIVERSIONARY FINANCING OPERATION ‘WILL NOT FLY’
If you still follow us, it will therefore NOT be possible for present or past officers of either the Treasury or the Fed to claim in court that these instructions did not concern the Ambassador’s funds (even though the actual funds remain annexed by Goldman Sachs). In other words, the duplicity of the Treasury and the Federal Reserve in this conspiracy will unravel, and neither will be able to claim that their responsibilities were fulfilled. To summarise: this reprobate attempt at obfuscation ‘will not fly’.
In a further twist to this diversionary obfuscation operation, Auditors appeared at the offices of Wachovia Bank, New York, at 8.30am, Eastern Standard Time, on Friday 17th November 2006, to audit the bank’s books. The bank’s doors remained closed on that day until 11.00 am, when Wachovia refused to honour the three Federal Reserve Directives and the Fed Order, claiming ‘lack of funds’.
IN VIETNAM, CHINESE DEMAND ACTION, AND PUTIN AGREES
On 18th November, at the APEC meetings held in Vietnam – when Presidents Bush and Putin, dressed up in Vietnamese gowns, appeared to be exceedingly awkward in each other’s company and barely on speaking terms (since Putin has been financially shafted by President Bush) – Vietnamese President Hu and President Vladimir Vladimirovich Putin discussed ‘The Wanta Plan’ and the US Treasury’s corrupt non-performance in respect of it. [The parties, apart from Bush, would not then have known about the Treasury’s latest convoluted means of avoiding payment]. Also attending this meeting was the Chinese Finance Minister. He addressed himself directly to President G. W. Bush in the presence of President Putin, and said: ‘Get it done, or we will do it’. President Putin concurred. The Americans are terrified that the Communist Chinese will indeed meet the obligations that the US Treasury refuses (by devious means) to honour.
Among the reasons that the Chinese are insisting on implementation of the Wanta Settlement, is that they understand better than anyone in Washington, that if it does not take place, the dollar will collapse and their economy will be crucified. Since they are now the largest holders of real dollars cash in the world, they have informed the American authorities that they will meet the US Treasury’s obligations, if Mr Paulson is not prepared to do so – which would of course give the Chinese Communist Government unprecedented leverage over the United States, in perpetuity.
Due to the greed and arrogance of the official criminal operatives holding power in Washington, these realities have not, evidently, made a sufficient impression inside brains of the officials concerned, whose eyes are green – and blind to the geopolitical dangers they are courting.
CHINESE TRUST NO-ONE IN AMERICA BUT WANTA AND COTTRELL
The other reason the Chinese mean what they say is that Ambassador Leo Wanta, and his colleague, Michael C. Cottrell, M.S., are the ONLY US financial experts that they trust. This trust is grounded in their experience of dealing with Leo Wanta many years ago, when he was meticulous in fulfilling his promises and meeting his financial obligations towards them. Both the Ambassador and Mr Cottrell are held in the highest regard in Beijing for this reason alone. Naturally, they do not share the political orientation of the Chinese Communists: but at this level of international finance, what matters is trust, which is a product of meeting one’s obligations. It should be recalled that basically the same people remain in power in Beijing as were there when Leo Wanta dealt with them honourably (as always) in years gone by.
The above statement has been approved by Ambassador Leo Wanta and by Michael C Cottrell M.S. The following brief further analysis addresses the duplicity built into Mr Paulson’s speech on 20th November 2006 before the Economic Club of New York. It contains clues as to the mentality of the gang leaders holding the highest positions in the US Government. In case this is not sufficiently understood, the Rest of the World (with the likely single exception of the crooks holding power in London) is beyond disgusted at the arrogance of the present bunch of US office-holders, and has concluded that nothing that any U.S. official says can ever be trusted.
DUPLICITOUS NEW YORK SPEECH BY THE TREASURY SECRETARY
Many observers of the global financial crisis that we have been reporting for months – which is hidden from the view of most people, given the flood of derivatives-based liquidity and the massive bonuses being paid out to traders and financiers in the City of London this Christmas – will have noticed something curious about the remarks delivered by Henry M. Paulson, the US Treasury Secretary, before the Economic Club of New York on 20th November 2006. The Financial Times, given its lack of understanding of what is going on behind the scenes, reported Paulson’s speech ‘straight’, on the basis of the Treasury’s pre-speech release.
Those in the know will have been uncomfortably aware that Mr Henry Paulson’s smooth rhetoric diverged from the deplorably reprobate behaviour over which he, as US Treasury Secretary, is presiding. There was a conspicuous mismatch between his lofty rhetoric, and what he has been up to behind the scenes.
VICTIMS OF TREASURY SCAMMING THREATENED BY PAULSON
For instance, deploying similarly offensive language to that used in September by one of his unfortunate underlings, Mr Paulson has told no less than THREE victims of his own Department’s high-handed behaviour that he will pay what they are owed, if he decides to, when he feels like it, and on his own conditions. The tone of his comments was threatening, unpleasant, and reminiscent of a threat from a Chicago gangster.
Why has Mr Paulson lost his cool? Because he, like all those who are misbehaving at the highest level in the United States these days, is on the defensive. Since June 2006, the US Treasury, with the White House and the Federal Reserve, has presided over the illegal deployment, for institutional and personal gain, of the $4.5 trillion which is tagged in a Treasury Account at Goldman Sachs and Company, New York, in the name of Ambassador Leo Wanta and his Virginia-based corporation, AmeriTrust Groupe, Inc. No amount of illegal handling of these funds can hide or disguise the fact that they remain tagged and payable to the Ambassador and his Virginia-based corporation, not least since investigators and observers working with the Ambassador from deep inside the structures monitor every illegal movement of these funds.
‘PRINCIPLES-BASED’ SYSTEM FOR THE UNPRINCIPLED
Hank Paulson’s main theme in his New York speech was the desirability of what he called a ‘principles-based’ accounting system, as opposed to a rules-based one.
Excuse us? Principles? Since when did Mr Paulson’s Treasury exhibit any adherence to principles – such as fulfilling its undertakings?
Take the latest example of its lack of principles. On Friday, a senior US Treasury apparatchik informed Ambassador Wanta that the New York Securities House Account of his Virginia-based corporation would finally, at long last, be credited with the $4.5 trillion stolen from the Ambassador by the authorities last June. (Actually, the $4.5 trillion should be paid plus compound interest: but let us leave this point aside for a moment). Specifically, the official voice at the other end of the telephone stated that the relevant Securities Account would be credited by 2.30 am on Monday morning Eastern Standard Time, 20th November 2006.
As has been the case in the past, this latest verbal undertaking from the US Treasury proved to be completely worthless [see above]. Instead of being credited as instructed by the Treasury (so that the Treasury believes it is ‘covered’), the sequence of events described above ensued. Yet another round of overnight ‘pass-the parcel’ involving several large US and foreign institutions, was kicked off this week, so that the banks concerned can book huge overnight profits to improve their corroded balance sheets.
DECODING THE TREASURY SECRETARY’S UNPRINCIPLED RHETORIC
Yet on the self-same morning when the $4.5 trillion should have been credited to the AmeriTrust Groupe, Inc’s Securities Account with Morgan Stanley, the US Treasury Secretary had the gall to stand up before the Economic Club of New York, where he pontificated at great length about the virtues of a ‘principles-based’ accounting (and accountability) system, and how much more preferable such a system is to a ‘rules-based’ system.
Let us decode the Treasury Secretary’s duplicitous rhetoric for you:
• ‘Principles-based’ = a loose, vague environment in which verbal undertakings can be routinely reneged upon, false instruments and documents can be freely tendered, promises can always be broken, and in which undertakings are made of India-rubber: like those of the US Treasury.
If necessary, co-conspiring US and foreign financial institutions engaged in criminal operations can be roped in to ‘legitimise’ whatever scam is intended. In other words, a crooks’ charter.
• ‘Rules-based’ = a Capital Markets environment in which the Rule of Law prevails and in which breaches of trust and of undertakings result in appropriate lawsuits and RICO actions, triggering three times damages, plus the long-term imprisonment of the felons concerned, including official holders of high public positions either before or after they have left office.
Of course, given the US Treasury’s notorious behaviour under both Mr Paulson and his predecessor, John Snow, it stands to reason that a loverly-jubbly ‘principles-based’ Capital Markets environment, in which undertakings morph overnight and promises have no meaning, is just the kind of market environment that current holders of the highest offices and other corrupt officials, plus their complicit intermediaries and institutional accessories to the fact of criminalised behaviour, naturally prefer.
‘WRONGDOERS WILL SEEK WAYS TO CIRCUMVENT THE RULES’
Mr Paulson said at one point in his speech that that ‘Rules by themselves cannot eliminate fraud. Wrongdoers will seek out loopholes or ways to circumvent the rules’.
One wonders whom exactly he meant by ‘wrongdoers’ here. Although he referenced the ‘recent business scandals’, was he ALSO speaking from his own and his official colleagues’ perverted perspective, by any chance? After all, the US Treasury over which Mr Paulson presides, remains in breach not only of its formal undertakings towards Ambassador Wanta and other victims, but also of its contract dated 20th June 2006 involving the disposition of $32 trillion with the Communist Chinese – having failed to deliver, and having provided the Chinese with no more than a few paltry progress payments. This has understandably infuriated them. Other victims, apart from the Chinese authorities and Ambassador Wanta, have, as noted, also been double-crossed by Paulson’s Treasury.
So Paulson is no stranger to non-performance. He is himself adept at ‘seeking out loopholes or ways to circumvent the rules’.
Yet he boasted hypocritically in his speech of his 32 years’ experience in Capital Market business both in the United States and abroad. He has served as the Chairman of Goldman Sachs, and his Series 7 and Series 24 securities qualifications, required by the Securities and Exchange Commission (SEC), oblige him (even though he may have forgotten this) to comply 100% with SEC regulations at all times, and to meet his legal obligations likewise. Did he imagine that his audience would not be aware of his hypocrisy and double-talk in this context?
NEW YORK SPEECH A SMOKESCREEN TO MASK TREASURY SCAMMING
The entire New York speech appears to have been designed to throw a smokescreen over the latest fraudulent behaviour with which, as detailed above, Mr Paulson is directly associated. As we have reported, on Friday 17th November, auditors appeared at Wachovia Bank, which did not open its doors until 11.00 am. This bank is believed to be implicated in the outright misappropriation and theft of between $9.0 trillion and $11.00 trillion. The institution was warned on 17th November that the Ambassador’s account must be credited by 2.30 am on Monday 20th November as promised, or steps will be taken to have this institution – with which William Clinton, George H. W. Bush Sr. and John Negroponte, among other criminalist operatives, are involved – closed down.
This threat was repeated on Monday 20th November, after the promised Wanta Settlement payment was again illegally obfuscated.
Last week, the US Treasury Secretary suggested to powerful Chinese authorities that a tripartite arrangement should be implemented, involving the US Treasury, the Chinese authorities, and the Ambassador and his colleague, Michael C Cottrell, M.S., under which the Treasury would not need to remit the $4.5 trillion of the Ambassador’s tagged funds to Leo Wanta’s Virginia-based corporation, at all. That would have enabled Goldman Sachs to hold on to the actual $4.5 trillion indefinitely, which appears to be Mr Paulson’s objective. In other words, this was just another two-faced ploy to try to avoid fulfilment of the Wanta Settlement, so that Goldman Sachs could keep the funds for ever. Sorry, it isn’t going to work out.
SEEING THROUGH ANOTHER TREASURY PRETEXT NOT TO PAY
The Chinese authorities – who, like other extremely important foreign parties we cannot yet name, are furious that they have repeatedly been double-crossed by these duplicitous scoundrels in Washington – retorted, cleverly, that this proposition needed to be cleared with the Ambassador and Mr Cottrell. As reported above, both are held in the highest possible regard in Beijing, given not least that Leo Wanta is the only US financial expert they trust, based on his impeccable behaviour towards them many years ago. Naturally, neither the Ambassador nor Mr Cottrell would countenance such a prospectively fraudulent arrangement, and neither will the Chinese.
But this is the kind of set-up the Treasury Secretary invokes by a ‘principles-based’ Capital Market environment. Being interpreted, this means that he can change his ‘principles’ in accordance with whatever scam takes his fancy. It may have suited him hitherto that President George W. Bush Jr. has primarily been blamed for the crisis and bad publicity surrounding the hijacking of the Wanta funds, because such ‘finger-pointing’ has provided cover for the disgraceful corruption over which he is himself presiding – continuing the reprobate behaviour of his predecessor, John Snow.
U.S. TREASURY IS NOW AN EXTENSION OF GOLDMAN SACHS
With the arrival of Mr Paulson, the Treasury has effectively become an extension
of Goldman Sachs. Not only has Paulson installed Goldman Sachs-ites in Treasury positions, but he has wilfully ensured that the $4.5 trillion, tagged in the name of Ambassador Leo Emil Wanta and his Commonwealth of Virginia-based corporation, has been annexed by Goldman Sachs so that it can be used for personal and institutional enrichment, while diversionary financing operations supposedly related to the delayed Wanta Settlement and its non-performance, are ‘run’ externally in order to obfuscate the central issue – namely, that GOLDMAN SACHS IS ILLEGALLY SITTING ON THE WANTA FUNDS UNDER THE SIGNATURE AND AUTHORITY OF THE U.S. TREASURY SECRETARY, WHO WAS PREVIOUSLY THE GOLDMAN SACHS CHIEF EXECUTIVE OFFICER.
There has probably never been a more egregious conflict of interest in US, or world, financial history. No wonder Mr Paulson is pushing for ‘rules’ governing the Capital Markets in the United States to be loosened or even replaced by an environment which will be more conducive to saving him from being slammed in jail when he leaves office.
PAULSON’S CANT ABOUT A ‘PRINCIPLES-BASED’ SYSTEM
For in his New York speech, Mr Paulson subtly latched on to the concept that the International Financial Reporting Standards (IFRS) accounting system, used in a number of foreign markets, ‘is different from ours’. He described IFRS as ‘principles-based’, which he then redefined as meaning that ‘the system is organized around a relatively small number of ideas or concepts that provide a framework for thinking about specific issues. The advantage of a principles-based system is that it is flexible and sensible in dealing with new or special situations’.
Just the kind of malleable, India-rubber Capital Markets environment, in fact, that enables those without any scruples or integrity to play fast and loose with the funds of others – such as the law firms represented by Troutman Sanders LLP and Parker Chapin LLC, the Chinese authorities, and Ambassador Leo Wanta.
Mr Paulson’s double-minded rhetoric at the Economic Club of New York fooled only those who were sitting on their brains. Everyone who is anyone in the international financial community and in key government circles worldwide, knows all about the gangsterism of the US authorities since the summer – when they hijacked the $4.5 trillion, tagged in the name of the Ambassador and his corporation, and started playing fast and loose with his funds, driven by unprincipled greed and unbounded arrogance.
Henry Paulson’s call for the US Capital Markets to dispense with the ‘rules-based’ environment – code for the Rule of Law – in favour of a ‘rules-free’ system, where ‘principles’ are the sole privilege of the unprincipled, will not have pleased those who have experience of the US authorities’ serial criminal behaviour these past six months.
SETTING THEMSELVES UP – FOR BEING SLAMMED INTO JAIL
The Ambassador, whose famous integrity stands in sharp contrast to those officials who are co-conspirators and accessories to the fact of the scams that the Treasury has been presiding over since June 2006, will not play the US authorities’ increasingly desperate games. With vast experience of global and official finance, the Ambassador knows that, as Mr Paulson reiterated last week, the $4.5 trillion will have to be duly credited to the Morgan Stanley Securities Account of his Commonwealth of Virginia-based corporation. Every attempt by Mr Paulson and his co-conspirators to avoid payment of the Wanta Settlement funds, brings the United States closer to financial meltdown, the US dollar to collapse – and the official perpetrators of these endless financial scams closer than ever to winding up behind bars. In case this statement is deemed by ill-informed people to represent an empty threat, it should be understood that much of the intelligence published in this posting is derived from investigators working with Ambassador Leo Wanta, and from reliable and disgusted sources inside the financial structures. The fact is that the perpetrators have been caught IN FLAGRANTE.
Ambassador Leo Emil Wanta: Diplomatic Passport Numbers 04362 & 12535 a.k.a. Frank B. Ingram [FBI] (Sector V) SA32NV; and a.k.a. Rick Reynolds, SA233MS • AmeriTrust Groupe, Inc: Federal EIN Number 20-3866855; Virginia State Corporation Identification Number: 0617454-4; Virginia State Department of Taxation Identification Number: 30203866855F001.
International Currency Review Volume 31, Numbers 3 & 4 is published worldwide this week.