Saturday 12 July 2008 12:11

• UPDATE: The section below headed OTHER RELEVANT CONSIDERATIONS has been expanded.

By Christopher Story FRSA, Editor and Publisher, International Currency Review, World Reports Limited, London and New York. For earlier reports, press ARCHIVE. Order your subscriptions and our ‘politically incorrect’, hence correct, intelligence books from the Edward Harle segment.

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LONDON, 12th July 2008: The enormous 976-page double issue of International Currency Review focusing on the biggest criminal financial crisis in world history was yesterday collected from our London premises in a 7.5-tonne Royal Mail truck, for distribution to paid subscribers worldwide.

Publication of this issue makes it impossible for the organised financial criminalists who have been ‘enronising’ the whole world, to arrange for their exposed complicity in this crisis to be expunged from the record, or overlain by diversionary lines of enquiry, lies, or orchestrated attempts by the counterintelligence websites to ‘shoot the messenger’.

For the extensive historical record is now lodged, or shortly will be, with official and private sector institutions, governments, intelligence agencies, university and public libraries, and other ‘special’ locations around the world. This FACT precludes anyone being able to rewrite history in such a way as to seek to cover up the criminal behaviour of the chief snakes who have brought the world to the brink of financial and economic catastrophe, as we first predicted on this website in September 2006, when we warned of what could happen if the snakes were allowed to continue their crimes.

The chief snakes, whose identities are familiar to readers of this service, have seen to it that their corrosive bribery modus operandi has polluted and corrupted many other governments around the world, plus their high (including their very highest) officials and office-holders. Criminal operatives always seek to enmesh their targets in parallel and related criminal activity, in order to have the familiar blackmail weapon ready to hand in case ‘circumstances change’.

And since rats in a stinking sack always turn on each other (as they have been doing, by the way, with added venom in recent weeks), the blackmail weapon is invariably used. You can see its scars on the jaded faces of these odious official rip-off merchants, all of them.

We are constrained by certain ‘real time’ factors from elaborating further at this stage, but when the truth of what has been going on, especially since we last reported, is comprehensively exposed, it should cause worldwide revulsion and consternation, given the identities of those known to have succumbed to the belching corruption orchestrated from the Black House in Washington, DC.

Nor will the chief US financial snakes enjoy a peaceful night’s sleep for the rest of their despicable little lives: that, we understand from key sources, can be taken for granted.

International Currency Review, published since 1969, is a journal of record and insight into what goes on behind the scenes, and is differentiated from every other publication in this field not least because it addresses issues that the ‘mainstream’ is unable to develop, since most such financial sector publications are owned by the big, corrupted media houses.

When we say ‘corrupted’, we do so with intent: we and others are aware of the identity of the large US broadcasting organisation that accepted a colossal bribe, thought to have been arranged by Unterreichsführer Reinhard B. Cheney, worth $2.0 billion, specifically NOT to cover the underlying criminal dimensions of what, as we predicted, has broadened into the worst financial corruption crisis in human history. The assumption all along has been that if the sordid details of the financial criminality could be confined to the Fifth Estate, and multiple diversionary lines of enquiry could be fostered in the controlled US and British neocon media, no-one would ever be any the wiser and the whole thing would blow over with the passage of time.

Faced with this challenge, the Editor of this service has attempted to ensure that the entire can of worms has been lodged IN PRINT all over the world, rather than simply stored electronically.

This will ensure that the record cannot be amended in order to facilitate, for instance, a further free run by ‘Box Gang 2’ in the future: for that was what was intended.

But with International Currency Review Volume 33, 3/4 lodged all over the world ‘where it matters’, this will not be possible. The enormous presentation not only records the narrative which led to the exposures of embedded financial fraud, but also publishes documents showing how Wantagate led to the present predicted state of affairs, while also showing how the crisis can/will be resolved.

We have prepared a detailed analysis of the so-called ‘Paulson proposals’, which represent an easily demolished FALSE PROSPECTUS, the key purpose of which, all along, has been to ensure that ‘Box Gang 2’ will be able to operate in an environment of total permissiveness dressed up as though it represents a reformed banking and financial market environment. But even if we knew nothing about the semi-technical aspects of what is being proposed here, we can with ease show that these proposals, brought forward last March, and now being trumpeted by the criminalists via wall-to-wall TV coverage, Congressional hearings and evaluations by sycophantic financial media hacks, represent a transparently FALSE PROSPECTUS, for the following straightforward reason:

The financial markets, the banking networks, the currency, the entire international financial system, depend upon something called CONFIDENCE. But a simple glance at the confused and deliberately convoluted ‘Paulson proposals’ reveals that their actual outcome is to UNDERMINE CONFIDENCE, which they are certainly doing, not least because of the jerkily PHASED stages suggested by the Working Group, which include recommendations for ‘studies’ to be launched before any decisions are taken as to which old or new regulator does what, when and where, and for what purpose. This confusion is a recipe for destabilising the financial markets, which has been successfully achieved.

As for the malicious intent to scrap the ‘rules-based system’ and to replace it by a nice’n corruption-friendly, imprecise, fuzzy, muddled-up pot-pourri of ‘principles’ dignified by the epithet ‘principles-based system’, to be ‘regulated’ by a rats’ nest of expensive new US bureaucracies, it represents a cynical exercise in OBFUSCATION which, allied to the parallel operation fronted by the US Federal Reserve to revise Basel-II despite the reality that the United States, a clapped-out pariah financial basket-case these days, has agreed to implement its provisions, can be demonstrated to represent a failing operation by the cornered US criminalist classes to salvage the permissive environment to which they are accustomed, always with the intent of resuming corrupt ‘business as usual’.

So, our paper on the self-discrediting ‘Paulson’ false regulation prospectus will be published soon.

As noted above, we cannot go into details at the moment bacause matters must take their course and it is not appropriate for a ‘foreigner’ to get entangled in the wheels of the juggernaut, which has a momentum of its own and is, contrary to the fears of pessimists, in steady international and US hands which have NOT been corrupted and WILL PROCURE THE NECESSARY OUTCOMES.

Necessary events will follow thick and fast. Reconstitution of a sound financial system will take a little longer: two years is what we are being told by our sources. One reason for this is that the key developments cannot be implemented by the current Executive and Legislative Branches, which are of course tainted beyond repair; and nor can the operation to shovel more regulatory powers into the hands of the Federal Reserve, which is RESPONSIBLE with other compromised parties for the corruption crisis and has FAILED TO REGULATE, ‘happen’ while the US Federal Reserve System apparat is itself under investigation, contrary to fears expressed hysterically by others.

And the International Monetary Fund though far from whiter than white itself, is preparing to take a detailed look-see inside the US financial can of worms, provided it can rustle up enough gas-masks to conform with staff health and safety regulations. The Fund will have to STOP allowing parties to exploit its de facto off-balance sheet, hidden accounts arrangements, if it is itself to recover any credibility. As for the World Bank, that corrupt institution appears not yet, under Zoellick, to have grasped that its own reputation has been severely degraded since these exposures exploded.

To sum up, we have just distributed worldwide the huge double issue of International Currency Review that we promised, which is now on its way to paid subscribers and will be present in all the key places where it matters, thereby precluding any retrospective rewriting of history designed to protect the hides of the criminalist operatives who are responsible for these abominations.

Secondly, we are engaged in finalising a demolition job on the so-called ‘Paulson proposals’, which represent a criminalist FALSE PROSPECTUS, although we are certain they will be consigned to the dustbin of history; and this offensive will be published as soon as possible. This has been much more important than sustaining the current narrative, a pause being necessary anyway (see below).

Thirdly, we WILL revert to the narrative of events since we last reported in June, which we have been unable to elaborate since then due to certain constraints that we cannot go into but which can generically be summed up as ‘not getting in the way of the juggernaut’. Some of these events will, as indicated, cause revulsion and consternation, when the identities of characters who have been corrupted are promulgated for public consumption.

Additionally, an underlying intention of the counterintelligence website manipulators has been to engage us in sterile polemical argumentation leading down rabbit holes, into byways and away from the relevant issues, with the ultimate purpose of imploding everyone who has been commentating on these developments, from whatever perspective. Maligning, libelling or else compromising the messenger is thought to be the cheapest way to close down unwanted exposures. These attempts, which have been many, intense and varied over the past several years, have all failed.

The purpose of the counterintelligence ops., fronted by operatives who are anonymous and justify their anonymity on the spurious ground of the need to protect their families (we all have families), is to enmesh and to LINK all bona fide commentators who DO NOT hide behind anonymous labels, so that when the intended implosion of credibility takes place, those commentators with identities will be imploded along with the anonymous commentators. But the anonymous operatives hiding their identities behind pseudonyms will then suddenly disappear into oblivion like the cynical smile on the face of the Cheshire Cat, leaving those who have been pillaged and who are white hot with fury to vent their anger on the bona fide, named commentators. That is the underlying purpose of these US Psy-Ops counterintelligence websites.

The enormous PRINT publication that we have just distributed worldwide to all places ‘where it matters’ makes it impossible for the Luciferian controllers of these counterintelligence hacks to implicate this service and the Editor in the intended credibility implosion, planned from the outset.

It is worth adding that in playing around with the housing and mortgage markets, even going so far on 11th July as to trailer the nationalisation of Freddie Mae and Freddie Mac, the main criminalists intended to pull the pin of their grenade, imploding the whole system, on the cynical presumption that ‘we’ve got our money, so who cares?’ They found that this decision, taken at the early meeting attended by the chief criminalists on the morning of Friday 11th July, could not be implemented as there are no financial resources available anyway, and the outcome would be not just a US, but also a global, hyperinflation. With the collapse of a huge US financial institution capitalised at $32 billion after the market closed, it was borne in on these criminal clowns that they have their backs to the wall and that Bush Sr.’s observation about lamp posts would turn out to be a prophecy come true, given that millions of Americans would soon be made aware of WHO has been responsible for their plight. Other crucial factors have kicked in that are subject to the mentioned ‘real time’ constraints.

For the explanation of the financial fraud underlying the plight of Fannie Mae and Freddie Mac, please refer to our report dated 26th December 2007, which explained how these Government- Sponsored Enterprises (GSEs) have been exploited to facilitate the defrauding of the ‘mortgage holders’ by the criminal enterprise financial institutions, with the GSEs themselves accordingly implicated as co-conspirators not least since they should have recouped scammed funds from the financial sector criminal enterprises. Once this fraudulent activity was blown by our report dated 26th December 2007, it was only a matter of time (rather a long time, over seven months) before reality caught up with the criminalised GSEs, as has now occurred. SEE ARCHIVE.

Finally, a project we have in mind will examine, in due course, the mentalities of the various parties enmeshed in this nexus of criminality, whether wittingly or unwittingly, to highlight several of the basic lessons to be learned, such as the crass idiocy of constructing ANYTHING, including even a criminal house of cards, on the basis of lies. The reason for this is that all lies, like plutonium, have a half-life, and therefore decay. Assuming the metaphor of an upturned pyramid, the base of which is the master lie, this lie and all successive lies and diversions have to be sustained, as the earlier lies are inevitably called into question. The result is that the upturned pyramid of untruth becomes progressively more and more unstable, having to be supported by emergency scaffolding on both sides which, ultimately collapses. When that happens the entire structure of deception unravels: and that, folks, is what we have the very great privilege and joy of witnessing today, ‘as we speak’.



LEGAL TUTORIAL: The Steps of Common Fraud:

Step 1: Fraud in the Inducement: “… is intended to and which does cause one to execute an instrument, or make an agreement… The misrepresentation involved does not mislead one as the paper he signs but rather misleads as to the true facts of a situation, and the false impression it causes is a basis of a decision to sign or render a judgment” Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Fraud’.

Step 2: Fraud in Fact by Deceit (Obfuscation and Denial) and Theft:

• “ACTUAL FRAUD. Deceit. Concealing something or making a false representation with an evil intent [scanter] when it causes injury to another…”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Fraud’.

• “THE TORT OF FRAUDULENT DECEIT… The elements of actionable deceit are: A false representation of a material fact made with knowledge of its falsity, or recklessly, or without reasonable grounds for believing its truth, and with intent to induce reliance thereon, on which plaintiff justifiably relies on his injury…”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Deceit’.

Step 3: Theft by Deception and Fraudulent Conveyance:


• “FRAUDULENT CONCEALMENT… The hiding or suppression of a material fact or circumstance which the party is legally or morally bound to disclose…”.

• “The test of whether failure to disclose material facts constitutes fraud is the existence of a duty, legal or equitable, arising from the relation of the parties: failure to disclose a material fact with intent to mislead or defraud under such circumstances being equivalent to an actual ‘fraudulent concealment’…”.

• To suspend running of limitations, it means the employment of artifice, planned to prevent inquiry or escape investigation and mislead or hinder acquirement of information disclosing a right of action, and acts relied on must be of an affirmative character and fraudulent…”.

Source: Black, Henry Campbell, M.A., Black’s Law Dictionary’, Revised 4th Edition, St Paul: West Publishing Company, 1968, s.v. ‘Fraudulent Concealment’.


• ‘FRAUDULENT CONVEYANCE… A conveyance or transfer of property, the object of which is to defraud a creditor, or hinder or delay him, or to put such property beyond his reach…”.

• “Conveyance made with intent to avoid some duty or debt due by or incumbent on person (entity) making transfer…”.

Source: Black, Henry Campbell, M.A., ‘Black’s Law Dictionary, Revised 4th Edition, St Paul: West Publishing Company, 1968, s.v. ‘Fraudulent Conveyance’.


• NASD Rule 3120, et al.
• NASD Rule 2330, et al
• NASD Conduct Rules 2110 and 3040
• NASD Conduct Rules 2110 and IM-2110-1
• NASD Conduct Rules 2110 and SEC Rule 15c3-1
• NASD Conduct Rules 2110 and 3110
• SEC Rules 17a-3 and 17a-4
• NASD Conduct Rules 2110 and Procedural Rule 8210
• NASD Conduct Rules 2110 and 2330 and IM-2330
• NASD Conduct Rules 2110 and IM-2110-5
• NASD Systems and Programme Rules 6950 through 6957

In addition to which Bank of New York Mellon is/was in violation of:
• 97-13 Bank Secrecy Act, Recordkeeping Rule for funds transfers and transmittals of funds, et al.


• Annunzio-Wylie Anti-Money Laundering Act
• Anti-Drug Abuse Act
• Applicable international money laundering restrictions
• Bank Secrecy Act
• Conspiracy to commit and cover up murder.
• Crimes, General Provisions, Accessory After the Fact [Title 18, USC]
• Currency and Foreign Transactions Reporting Act
• Economic Espionage Act
• Hobbs Act
• Imparting or Conveying False Information [Title 18, USC]
• Maloney Act
• Misprision of Felony [Title 18, USC] (1)
• Money-Laundering Control Act
• Money-Laundering Suppression Act
• Organized Crime Control Act of 1970
• Perpetration of repeated egregious felonies by State and Federal public employees and their Departments and agencies, which are co-responsible with the said employees for ONGOING illegal and criminal actions, to sustain fraudulent operations and crimes in order to cover up criminalist activities and High Crimes and Misdemeanours by present and former holders of high office under the United States
• Provisions pertaining to private business transactions being protected under both private and criminal penalties [H.R. 3723]
• Provisions prohibiting the bribing of foreign officials [F.I.S.A.]
• Racketeer Influenced and Corrupt Organizations Act [R.I.C.O.]
• Securities Act 1933
• Securities Act 1934
• Terrorism Prevention Act
• Treason legislation, especially in time of war.

• Please be advised that the Editor of International Currency Review cannot enter into email correspondence related to this or to any of the earlier reports.

We are a private intelligence publishing house and have no connections to any outside parties including intelligence agencies. The word ‘intelligence’ on this website and in all our marketing material is used for marketing/sales purposes only and has no other connotations whatsoever: see ‘About Us’ on the red panels under the Notes on the Editor, Christopher Story FRSA, who has been solely and exclusively engaged as an investigative journalist, Editor, Author and private financial and current affairs Publisher since 1963 and is not and never has been an agent for a foreign power, suggestions to the contrary being actionable for libel in the English Court.



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