Saturday 11 October 2008 04:00

UPDATE: 16th October 2008:

Yesterday evening, this report was found to have been illegally ‘snipped’ and severely truncated by NSA/CIA mental defectives. Whenever these fools do this, they reveal that what we have posted is ACCURATE AND TO THE POINT. By illegally interfering with what we publish, and cutting out parts of the text to which they take objection, they REVEAL THAT WE ARE ON THE RIGHT LINES. Anyone who is not sitting on their brains, as clearly these low-level idiots are, can work that one out.

In this instance, the ‘snip’ occurred at the point where we highlight the G-7’s requirement that the large international banks must have an ‘international college of supervisors’ attached to them, to ensure that their criminal financial operations do not resume.

This is an extremely embarrassing and onerous requirement that the international community has imposed upon these banking criminal enterprises, and it also gets in the way of further financial fraud operations that elements of the corrupted US intelligence community wish to pursue in order to finance their ‘Black Operations’ in the future.

So ‘snipping’ at this point in the text below clearly exposes what these criminals have in mind. We have now restored the entire text as it was, with the single alteration that The Refunding Plan is now referred to, for obvious reasons, as ‘The G-7-Approved Refunding Program’. The point in the original text where the article was criminally cut short is shown here:

= INCLUDING ESTABLISHMENT OF COLLEGES OF SUPERVISORS to be attached to each very large institution, charged with the task of checking and monitoring the ongoing operations of the largest financial institutions. In other words, the G-7 is insisting upon CHECKS AND BALANCES.

It will be recalled that [TEXT WAS ILLEGALLY TERMINATED BY NSA HERE] these ‘colleges’ were recommended in the G-7‘s communiqué dated 13th April 2008, following the call by Mr Michael C. Cottrell in March for an ‘oversight panel’ to protect Mr Cottrell from any untoward actions that might be taken independently by others under the intended funding arrangements which we had labelled ‘The Wanta Plan’. This is now to be referred to as ‘The G7-Approved Refunding Program’.

INTERIM ASSESSMENT: The theatrical display on the stage in front of the curtain last weekend and into Tuesday was blown up into a Radio City Music Hall Christmas Spectacular, with massive vulgar fireworks and explosions all over the place, in a brazen operation to SWAMP the Settlements that were ‘supposed’ to be transpiring behind the curtain (or to recycle the earlier metaphor, the mass-production sausage machine was supposed to have been activated in parallel).

Since this did not happen, the cash resources that are sitting in key US banks ready to finance the Settlements and which are the answer to the crisis that has been contrived by the criminalists who are withholding the payouts, have not yet been distributed.

THIS IS A U.S. CRIME AGAINST THE AMERICAN PEOPLE AND THE WHOLE OF HUMANITY, and the stock market has of course cottoned on to this reality, having understood that the theatrical display WAS NOT THE REAL THING. China is believed to have signalled to the crooks in the White House and the Treasury that if they do not release, the Chinese are easily in a position to crash the stock market by a further 2,000 points. This is quite likely now, in the face of Bush’s mad intransigence.

We will bring forward a further analysis when we have established more clearly what crimes are being committed and what steps are being taken to FORCE THE ISSUE.

• Remember the thousands of bankers who were rounded up this time last year and shipped to Europe in a fleet of planes? Remember that they were given no time to collect their toothbrushes or to say goobye to their spouses etc? They were shipped to Europe (notably Britain and Germany) because their crimes were committed there and they had thought they were covered by some form of US protection or other, which was an illusion. In the case of those bankers taken to Britain, they had moved funds held in accounts with the Bank of England. It has now been revealed to us that these bankers WERE JAILED FOR 25 YEARS. When some of their lawyers rushed over to Europe to try to salvage their clients, THEY TOO WERE NABBED and got severe jail sentences.

The bankers and some of their attorneys were caught by the EU’s anti-terrorism legislation, which embraces money-laundering and financial fraud, as their crimes were committed inter alia in Britain and Germany. Thus these people were caught by a device originally invented (in the United States) to provide a pretext for the ‘Big Brother surveillance society’, the underlying intention of which was always primarily to keep tabs on who knew what about the FRAUDULENT FINANCE, not terrorism. But it was copied by the Europeans: hence the irony here.

• With an Obama LANDSLIDE imminent, WE EXPECT A MASSIVE PURGE OF CORRUPTED U.S. BANK AND OTHER PERSONNEL to materialise. This will be all the more likely if it transpires that sabotage of the Settlements persists into the Transition. The money to finance the Settlements is present in key US institutions and the withholding of its release is a crime of TREASON IN TIME OF WAR, not least as it is imposing hardship on Americans that the President of the United States possesses the power to alleviate. His obstructive failure to do so is CRIMINAL TREASON.

• All who are cooperating with Bush et al to hold on to the Settlements monies are co-conspirators and should be arrested and indicted forthwith for TREASON, corruption and fraud.

• The hardships that Americans and others are suffering are EXCLUSIVELY attributable to the criminal actions of the corrupt President Bush II and his cronies in sabotaging the Settlements.

The original report plus earlier Updates now follow:






UPDATE, 14th October 2008:

Evidence is accumulating that the snakes are STILL dancing. Settlements undertakings that should have been met yesterday were, as usual, not fulfilled, according to three separate sources.

Our interim assessment is that the theatrical display on stage was transformed into a Spectacular event like the Christmas Spectacular at New York’s Radio City Music Hall, with the Sarkozettes and other well-known Dark Actors Playing Games on stage, and that no assurances fed to Trustees or anyone else at this juncture can be relied upon. The object of this exercise appears to have been to swamp the market so that what was to take place behind the curtain could be ‘overlooked’. This may still turn out to be incorrect, but that’s what we instinctively perceive ‘as we speak’.

President Bush II is to meet Sarkozy and Barroso on Saturday.

Washington, 11th-12th October 2008:

There are two dimensions to the prevailing ‘response’ to the international financial crisis, which is really the global fraudulent finance crisis: (1) What is being promulgated for public consumption out of Washington, London, Paris and Berlin; and: (2) What is happening/will be happening behind the curtain which divides the perception fed to the world’s press and thence to the general public, from the actual objective reality and solution.

Since the Editor is concerned with (2) and has been the sole outlet for authoritative information on the ‘wholesale’ Settlements programme, and since this matter is ‘in process’, it is not considered appropriate for us to elaborate on this further at this stage, except that we CAN NOW CONFIRM that matters are proceeding very satisfactorily.

The resolution of (2) is THE REAL ACTION, and so (1) is for global public consumption. HOWEVER, this theatre would be ridiculed even by the ‘mainstream’ media’, if it did not contain SUBSTANCE. So, the theatrical display is packed with brand new ‘goodies’, with the President of France, Nicolas Sarkozy, having just desported himself today at a glossy Paris Press Conference as a ‘responsible leader’, maximising the potential for the familiar EU knee-jerk official refrain that ‘this crisis has brought Europe closer together’ (the reverse is the case), and generally emphasising how ‘clean’ and ‘responsible’ the European Union Collective is showing itself to be, when in reality:

• Paribas was up to its neck in involvement with dubious financial operations connected with the Bush Crime Family, as everyone with even superficial knowledge of these matters knows.

• Deutsche Bank is stuffed to the gills with toxic paper, having dominated this ‘trading activity’ for decades, and having acted as a counterparty to dubious financial transactions since the year dot. It will be recalled that very soon after we started to expose this corruption in 2006, two warehouses, one in London and another in Ottawa, suddenly caught fire and were destroyed, one after the other (July 2006). The London warehouse contained vast stocks of documents lodged by Deutsche Bank.

Of course, the Bank of England has been doing this stuff, as well, as we publicised extensively in 2007. But the fact is that the British authorities, not M. Sarkozy and the Germans, are in the driving seat, in two respects that can be reported here:

• First, the Plan announced by Sarkozy, Barroso and Trichet at their elaborate Press Conference in Paris this evening is the ‘Brown Plan’: and hats off to the French President for acknowledging this fact at his Press Conference, although he could not then resist alluding to the fanciful divergence between the ‘Anglo-Saxon Financial Model’ and the ‘European Financial Model’, all of which is pure nonsense because this is AN INTERNATIONAL FINANCIAL CORRUPTION CRISIS, nothing else.

And, of all people, as a key player, Sarkozy KNOWS THAT THIS IS INDEED THE CASE.

• Secondly: Certain British ‘special’ authorities (not ‘straight’ MI6, which tried to STOP the Editor pursuing this dangerous exposure research back in 2004, as we will divulge presently) are driving the Settlements distribution operation, which, with the associated Refunding Plan, provides the REAL SOLUTION to the crisis. For which, of course, the actors on the PUBLIC stage will take ALL the credit, without ever explaining to the world how the turnround was REALLY achieved.

The British Prime Minister, Gordon Brown, appeared in Paris on Saturday and consulted with Sarkozy et al, but, not being a Head of State, did not participate (also, as Britain is not inside the Eurozone) in the Paris Press Conference, at which the EU-15 (Eurozone) Plan, a.k.a. ‘The Brown Plan’, was announced. This contained three features, of which the following two are important:

(1) EU-15 Governments will provide guarantees with respect to interbank lending until December 2009, the purpose being to negate the distrust between banks which is among the most dangerous of consequences of the crisis, given that the banks know which other banks were/are involved in the fraudulent finance operations, and vice versa.

(2) Individual ‘Member State’ Governments’ authorities will be ‘allowed’ to recapitalise their banks, and will be ‘given’ a free hand in this regard. Nicolas Sarkozy waxed eloquent at length about how the agreement that he says has been reached between the Eurozone 15 (and also more generally between all 27 EU ‘Member States’) has ‘brought all Europe more closely together, blah blah blah’, whereas of course this provision actually drives a coach and horses right through the elaborate EU financial and economic coordination arrangements and incestuous red-tape provisions inter alia of the Maastricht Treaty. From the perspective of the EU Collective’s mantra of ‘ever closer union’, this development is a RETROGRADE step, which naturally affords the Editor of this service truly immense satisfaction, given that the EU in general and the European Commission in particular, is a corrupt, self-serving, collectivising, elitist, anti-nation state duplicate bureaucratic supranational government and unaccountable dictatorship which despises democracy and thinks it appropriate to restrict Members of the European Parliament, for instance, to speeches lasting for no more than ONE MINUTE (which, as a wordsmith, the Editor can confirm represents 90 words, precisely). If an MEP goes beyond his allocated minute, they cut the microphones off, as in the Supreme Soviet.

Having disgorged all his rhetoric, Sarkozy added a call for ‘a global conference’ to address issues arising from this crisis. The Editor is sitting right now in the Press Room of a global conference, at the epicentre of geofinancial expertise, given that the International Monetary Fund, whatever its underlying geopolitical purpose, is universally recognised to be technically proficient in respect of all financial issues. So quite clearly the European ‘call’ for a global conference is orchestrated, and involves leveraging the crisis (arising from rampant financial fraud, and triggered by our long-term exposures thereof) in order to maximise the potential for elevating the global hegemony agenda to a new level (a ‘great leap forward’). Sarkozy has been revealed to us as an important tool whose job it is to achieve precisely such an ‘advance’ in the global hegemony agenda.

Finally, we add a few observations about current COINTELPRO operations which continue to be ratcheted up in order to cover the tracks of those most closely involved in the financial fraud, and to obfuscate the resolution of this crisis so that those targeted remain confused with a surfeit of false or dubious information, and therefore none the wiser.

It will be recalled that the Lord’s careful Words ‘if the blind lead the blind, BOTH shall fall into the ditch’ were preceded by the crucial words: ‘Leave them alone’. By this token, it is not this, or any, Editor’s job to disabuse those who may choose to be misled, from the delusions fed to them by sources with apparently malicious intent.

However what little can be usefully said at this juncture is that statements to the effect that the British Government and Monarchy have designs upon the United States, represent the worst form of DVD-related ‘Black’ trash propaganda, and anyone believing such insane rubbish needs to go to the Emergency Department of their nearest hospital without further delay.

The absolute reverse is the case. The United States has got itself into this mess because it has not yet found a way to preclude organised crime from annexing the highest offices of the Republic, and because it has not yet disciplined and curbed the extensively criminalised ‘State within the State’, namely the corrupt Intelligence Power. The Rest of the World has to ‘live with’ the United States, and since, because of the above failings, the United States is/was bankrupt and in the hands of its creditors, the Rest of the World, led in practice by the British (part of the ‘Main Enemy’, remember) are engaged in assisting the American people out of this mess, which has caused huge problems internationally. (Sarkozy’s task is to perform at the front, not the rear, of the stage).

This HAD to happen, and the Editor is proud to have been called to contribute very materially to this outcome. See above reference to matters proceeding VERY SATISFACTORILY.

This morning, the Editor approached the Governor of the Banque de France at the end of a seminar discussion, and pointed out that there was never any excuse for the ‘mortgage scandal’ dimension of the crisis for the following reason (reiterated in successive issues of International Currency Review and on this website):

Since at least 2002, the Tables displayed in the Government-Sponsored Enterprises (GSE) section of the Office of Management and Budget’s annual budget documentation have been BLANK.

This indicated that officials within the OMB could not/would not risk inserting fake GSE numbers
because they would have left themselves open to prosecution for disseminating false information. Since the Tables were left BLANK for years, anyone in the financial sector doing his or her due diligence should have interpreted these conspicuous data omissions as a RED FLAG, and should have quit operating ANY financial program involving Fannie Mae, Freddie Mac and Farmer Mac. But the Governor and his panel had a nice ‘line’ in answer to such unwanted barbed criticism.

The ‘line’ is this:

• ‘The party was such fun and everyone joined in the dancing while the music kept playing’, as though this is a proper excuse for OPERATING CRIMINAL FINANCIAL FRAUD SCHEMES.

As soon as he heard what the Editor had to say, the Governor tried to escape from the Editor’s presence and said cynically: ‘Now we know’. This nasty response, like so many other indications, reveals that these people are ALL ON THE DEFENSIVE. Their Number One Enemy is Yours Truly.

Dominique Strauss-Kahn, the former French Finance Minister who is now the Managing Director of the International Monetary Fund (IMF), said in his statement before the Bank-Fund Development Committee on 10th October that quote ‘the historic events of the past few weeks could hardly have been imagined as the subprime crisis began to unfold a little over a year ago’.

Manifestly, this website and International Currency Review are not his favourite reading. If he had paid attention to what we were predicting from 2nd September 2006 onwards, and to what we also clearly predicted in July 2007 with our warnings about the imminent ‘train wreck’, he would surely not have made such a rash observation [see Archive and International Currency Review].

It is however ‘standard practice’ for senior officials who failed to anticipate current events to claim that ‘no-one had predicted this’. We recall the former British Chancellor of the Exchequer, Mr Nigel Lawson, claiming in the House of Commons that ‘no-one predicted’ the British balance-of-payments deficit in a certain year, when International Currency Review had forecast the outcome precisely. This habit is an ungenerous trait and M. Strauss-Kahn, respected for his clarity of vision and his ability to express himself in writing very effectively, should perhaps send us an apology!

Yesterday evening, the Editor attended a Press Conference here in the Press Room complex at the headquarters of the International Monetary Fund. The conference (or rather, the monologue) was conducted almost exclusively by Herr Steinbrück, the German Finance Minister, in the German language throughout, except when he had to answer the Editor’s questions.

On this occasion, the Editor refused to hand the microphone back after asking his first question, and persisted until the ambush was complete, and Herr Steinbrück had spilled the beans. Normally the microphone is removed from the questioner almost immediately on these occasions.

If possible, the precise verbatim exchange will be publicised as soon as the relevant transcript has been made available in the Press Room. What follows here is a paraphrase of the ambush:

Editor: ‘Herr Steinbrück, you have representatives of the world’s press in front of you. Would you kindly talk about the real issue? They need to know about it. I refer to the very large sums of money that were transferred to US banks late last year and subsequently, to pay the Settlements, which you of course know all about and which will resolve the crisis’

‘Did you discuss this central issue at the G-7 Meeting that has just concluded?’

Steinbrück (looking annoyed, even agitated: paraphrase throughout): ‘I have no information about such Settlements or any such matters. We did not discuss this matter at that meeting, no’.

Editor: ‘Did you discuss this at earlier G-7 meetings?’

Steinbrück (going round the houses, more extensively than paraphrased here): ‘We discuss many issues at these meetings and the question of certain transfers and related issues’ (obfuscation and diversion here) ‘has been discussed at earlier meetings of the Group of Seven, yes’.

Editor: ‘Mr Steinbrück: These funds have been illegally blocked for many months. We are talking about massive criminal corruption. Would you care to inform the world’s press about this, please?’

Steinbrück: ‘There are certain instances of which I am aware in Germany and these cases are in the hands of prosecutors and the relevant authorities. These are matters for the German authorities. I am neither able nor competent to discuss or allude to cases of corruption which are a matter for other Governments and jurisdictions. The issues you refer to are a matter for the Government of the United States and you should address your questions to the United States Government’.

Editor: ‘Mr Steinbrück: You have just acknowledged that the Settlements money has been blocked illegally by criminal action. Thank you very much’.

As the Editor handed back the microphone, a person sitting behind him lent over and whispered in his ear: ‘You are very brave’. This was a compliment, but, generous though it was, it was misplaced.

Exposure has moved mountains. Exposure of this huge corruption WILL move mountains. And the Settlements WILL be paid. It was crystal clear to all present that Herr Steinbrück knew all about the illegally blocked funds, held hostage by the Bush Crime Family-controlled White House, ‘Paulson’ and other operatives; and since the Editor would not yield back the microphone until the German Finance Minister had admitted this, WE ARE NOW IN A COMPLETELY NEW SITUATION with regard to exposure of this criminality. With the posting of this report, the cat is well and truly out of the bag.

This exchange between the Editor of International Currency Review and the German Finance Minister took place at approximately 6.40pm in Washington, DC, on 10th October 2008.

Following this revealing exchange, Steinbrück reverted to more German language monologues and carried on answering questions from German-speaking pressmen who appeared not to have understood or paid attention to the exchange, and therefore reverted to the diversionary issues that Steinbruck was content for them to discuss, as though our exchange had never taken place.

The Communique issued by the G-7 Finance Ministers and Central Bank Governors after 6.15pm on Friday evening 10th October prior to this Press Conference, is the shortest that the G-7 has issued in the 31 years that the Editor of this service has covered these meetings.

This means that there was a blazing row (there IS a blazing row) and that a decision was taken to publish as little information for public consumption as possible. However the G-7 Communique contains confirmation that The G-7-Approved Refunding Program (which the Editor called The Wanta Plan, but which is now called The G-7-Approved Refunding Program), will proceed.

Since Herr Steinbruck is a G-7 Minister, he knows perfectly well, therefore, that the refunding operation (see below) which presupposes the Settlements payout, IS scheduled to occur.

Hence his denial that this overall matter was discussed at the G-7 Meeting that took place last evening, CANNOT POSSIBLY BE TRUE. The press has been misled. However this was no problem for Herr Steinbruck because the German-speaking pressmen who hogged the Press Conference clearly had no idea what the Editor was talking about, and didn’t follow up the Editor’s questions. Another gross failure of the Fourth Estate here. But who NEEDS the Fourth Estate, any more?

The Refunding Program involves special Capital Markets Instrument operations to be conducted transparently ON-THE-BOOKS with a group of financial institutions, centralised but in the private sector, with all proceeds fully taxed, yielding massive ongoing accruals to the US Treasury.

The United States is bankrupt and is essentially in the hands of its creditors. The Refunding Program, which should have been kick-started in June 2006, will address and rectify this state of affairs, providing both immediate and long-term relief to the American people and the whole world.

This Program was hijacked in collusion with President George W. Bush Jr. and his father, George H. W. Bush Sr., in June 2006, by the Secretary of the United States Treasury, Henry M. Paulson Jr., who procured the placement with Goldman Sachs of the $4.5 trillion of funds remitted during May 2006 from China that were constantly referenced in our ‘Wantagate’ reports (terminated on 18th March 2008). Since Paulson had been CEO of Goldman Sachs until his sudden appointment as US Treasury Secretary in place of John Snow, this corrupt act has represented the most extreme instance of an official, criminal conflict of interest in financial history, as we pointed out at the time.

After we had kicked up a huge stink about this, Paulson had the funds abruptly removed to another institution, not least since Goldman Sachs was being accused of criminal conduct by this service.

Paulson and friends then proceeded to exploit, leverage, hypothecate, multiply and finally steal
these funds, which were intended by the remitter for The Refunding Program.

Hence, as we persisted in pointing out, the holders of the highest offices in the George W. Bush Jr. Administration were and are specifically and EXCLUSIVELY responsible for the catastrophe that has come about, and which we first predicted in our report dated 2nd September 2006, and in analyses published in July and August 2007 anticipating and confirming the financial ‘train wreck’.

The reason that we were able to predict this ‘train wreck’ accurately was that we were following the CORRECT TRAIL, whereas the US and British ‘Mainstream’ media, having been compromised by multiple nefarious methods, ‘bought’ the CIA’s COINTELPRO ‘slide’ line that the financial crisis was attributable to ‘subprime mortgages’ (which have always existed). One of the ‘Black’ methods used to neutralise the press in the United Kingdom included the dissemination by rogue UK intelligence operatives of fantastic lies about the Editor of this service, which were fed to the press. Details of this operation will be revealed on this website at the appropriate time.

Paulson’s predecessor had travelled to China with Dr Alan Greenspan to procure the release by Chinese intelligence of the $4.5 trillion that had been held with the People’s Bank of China since the arrest of Leo Wanta in Lausanne in July 1992. Outline details of the source of funds may be reviewed by accessing our report containing the text of the Petition for a Writ of Mandamus: this website (Archive: report dated 8th August 2007).

Dr Greenspan is the ‘technician’ who invented what we have termed the ‘Never Pay Syndrome’, which Greenspan developed on instructions from George Bush Sr. Under this deception, one phone call is sufficient to block repeated attempts, involving a large number of Trustees and institutions, to effect the payouts. Trustees, who have been obliged to attend at their banks repeatedly, as instructed, in anticipation of intended payouts, have had their lives turned upside down by this unbelievable corruption, for years. The participating banks have likewise been repeatedly ‘stood up’ by this means, even though many of these institutions are complicit.

Unbelievably, Greenspan is featured as the lead story in the issue of ‘Emerging Markets’, a paper produced daily for these Annual Meetings, dated 10th October. His portrait appears on the front page, with an article providing attendees with the guru’s latest prognostications on the global financial crisis of which he is the primary technical author.

Specifically, Greenspan gives quote ‘a surprisingly upbeat assessment of the state of the financial markets’, seeing ‘an eventual thawing of the world’s frozen credit markets’. Greenspan ‘praises the actions of Governments in buying up toxic assets and recapitalising banks’. An extended article by this notorious financial criminal is scheduled for publication in the edition of the paper for 11th October not yet seen by the Editor at nearly 3.00 am here in the long since deserted Press Room.

The ‘Never-Pay Syndrome’ was first applied during the precedent, indeed, the model, for this crisis in 1989-92. Then, as today, repeated payout operations were routinely sabotaged while the same duplicitous controllers exploited, duplicated, multiplied and helped themselves directly to funds belonging to others or which had been remitted for a specific purpose. Those who knew anything about this scandal were then systematically liquidated under the Clinton Presidency.

Since William Jefferson Clinton, a CIA operative like his ‘wife’, ‘works for’ George Bush Sr., there is now no mystery any longer about why those 420++ people and Bush-Clinton associates who ‘knew too much’, were systematically liquidated, in a purge recalling Josef Stalin (Djiugashvili-Kochba).

After the $4.5 trillion had finally vanished, The Queen and Prince Al-Waleed of Saudi Arabia were persuaded to ‘replace’ the stolen/diverted funds with a LOAN worth a total of $6.2 trillion. After all, The Queen had told the G-7 Meeting held in northern Germany in June 2007 that The Refunding Program must be implemented ‘for the sake of the whole of humanity’. These funds have been held in a suspense account with Citibank in New York City, pending resolution of this matter, given that the exposures of these scandals on this website have made it very difficult, and probably almost impossible, for corrupt financial manipulations to take place now without being traced.

The lenders of these funds can recall them at any time; and a failure to comply would trigger, for instance, the seizure of American-owned assets found in any US dollar-denominated accounts, for instance, with the Bank of England, to an amount at least equivalent to The Queen’s loan funds plus compound interest, plus any amounts representing the duplication of these loan funds, which have not been applied for the purpose for which they were intended by the lenders.

Due to the serial criminality of the holders of highest office in the United States, The Refunding Program has not yet taken place (it has been criminally delayed for 27 months already), so that the exposures of the criminal financial operations that we have have publicised, were left to corrode the system while the criminal operatives continued to help themselves to other people’s money and to generate colossal sums from them for self-enrichment and ‘Black Ops’ purposes.

What is now happening is that the legal principle ‘The money you make by illegally using my money is my money’ is being forced down the throats of the criminalist operatives behind the scenes. It is not a subject that the German Finance Minister wanted to talk about in public, given for instance that Deutsche Bank holds one of the largest portfolios of toxic traded garbage paper in the world.

Meanwhile Chancellor Angela Merkel, who served as the Secretary of the Agitprop (Agitation and Propaganda) Department of the Young Communists at Marx-Lenin University in East Berlin in her youth, is on the rack, like Finance Minister Steinbrück. Why? It is reported to us that George Bush Sr. has been paying bribes to this woman for the past four years, in exchange for which she guards funds ‘owned’ by Bush Sr. et al in the largest German financial institution.

Here is the text of the Communique handed out in the IMF/World Bank Press Room last evening:

Washington: The G-7 agrees today that the current situation calls for urgent and exceptional action. We commit to continue working together to stabilize financial markets and restore the flow of credit, to support economic growth. We agree to:

1. Take decisive action and use all available tools to support systemically important financial institutions and prevent their failure.

2. Take all necessary steps to unfreeze credit and money markets and ensure that banks and other financial institutions have broad access to liquidity and funding.

3. Ensure that our banks and other major financial intermediaries, as needed, can raise capital from public as well as private sources, in sufficient amounts to re-establish confidence and permit them to continue lending to households and businesses.

4. Ensure that our respective national deposit insurance and guarantee programs are robust and consistent so that our retail depositors will continue to have confidence in the safety of their deposits.

5. Take action, where appropriate, to restart the secondary markets for mortgages and other securitized assets. Accurate valuation and transparent disclosure of assets and consistent implementation of high quality accounting standards are necessary.

The actions should be taken in ways that protect taxpayers and avoid potentially damaging effects on other countries. We will use macroeconomic policy tools as necessary and appropriate. We strongly support the IMF’s critical role in assisting countries affected by this turmoil.

We will accelerate full implementation of the Financial Stability Forum recommendations and we are committed to the pressing need for reform of the financial system. We will strengthen further our cooperation and work with others to accomplish this plan.


• ‘Take action… to restart the secondary markets for mortgages and other securitized assets’:

• [we will] ‘work with others to accomplish this plan’

= IMPLEMENT THE REFUNDING PROGRAM THAT PAULSON HIJACKED IN JUNE 2006, which in turn presupposes releasing the blocked Settlement funds which are the SOLUTION to the crisis.

• ‘The actions should be taken in ways that protect taxpayers’:


• ‘Take decisive action and use all available tools to support systemically important financial institutions and prevent their failure’:


• ‘Take all necessary steps to unfreeze credit and money markets and ensure that banks and other financial institutions have broad access to liquidity and funding’:

= ‘ALL NECESSARY STEPS’, not SOME necessary step: ALL necessary steps includes and further presupposes implementation of THE REFUNDING PROGRAM and thus payout of the Settlements that have been criminally blocked by the holders of the highest offices.

It is NECESSARY to do both, so this opaque language CONFIRMS THAT BOTH WILL PROCEED.

• ‘Accurate valuation and transparent disclosure of assets and consistent implementation of high quality accounting standards are necessary’:

= ‘Mark-to-market’ pricing is to replace creative pricing for fraudulent marketing purposes, while disclosure of ‘source of funds’ and of assets is to become routine again, smothering the notorious fraudulent finance and the secretive, illegal and untaxed ‘funny money’ offshore operations.

Further, the era of creative accounting and deceiving investors and the general public by CEOs, Finance Directors and their accountants, is hereby decisively terminated.

• ‘We will accelerate full implementation of the Financial Stability Forum recommendations’:

= INCLUDING ESTABLISHMENT OF COLLEGES OF SUPERVISORS to be attached to each very large institution, charged with the task of checking and monitoring the ongoing operations of the largest financial institutions. In other words, the G-7 is insisting upon CHECKS AND BALANCES.

It will be recalled that these ‘colleges’ were recommended in the G-7‘s communiqué dated 13th April 2008, following the call by Michael C. Cottrell in March for an ‘oversight panel’ to protect Mr Cottrell from any untoward actions that might be taken independently by others under the funding arrangements which we had labelled ‘The Wanta Plan’.

• This is now to be referred to as ‘The G-7-Approved Refunding Program’.

In conclusion, the following SENSATIONAL developments are reported:

1. The German Finance Minister, ambushed by the Editor of this service at the foregoing IMF Press Conference, has inadvertently acknowledged the accuracy and the relevance of our reports on the Settlements and The G-7-Approved Refunding Program, and has thus referred in public to the fact that the White House (The US Government) is complicit in blocking the delayed Settlements and The G-7-Approved Refunding Program. Herr Steinbrück’s pointed comment that the Editor should address his questions to the United States Government leaves NO DOUBT that the German Finance Minister knows PRECISELY what the Editor was referring to via these questions.

2. The Group of Seven Communiqué released in Washington last evening has indeed confirmed that The G-7-Approved Refunding Program will go ahead, and that, accordingly, the colossal volume of Settlement funds sent over to the United States in 2006-2008 to fund the Settlements (because the payouts have to be effected in dollars, which was the denomination of the original stolen and diverted funds), will be completed.

• ALL’, not ‘SOME’, ‘necessary steps‘ are intended, which includes the above.


Extreme dissatisfaction within the Group of Seven (G-7) financial powers (as reflected in the unprecedentedly short G-7 Communiqué yesterday) at the continued criminal intransigence of the leadership of the White House and the US Treasury, will take the form of a Heads of State Meeting in Paris on Sunday 12th October.

HM The Queen will probably be represented, although Her Majesty, served by very senior and distinguished military and ‘former’ MI6 officials and diplomats, is in the driving seat, along with the BIS (Bank for International Settlements). HM The Queen has the complete support, behind the scenes, of all the 159+ countries, which require The G-7-Approved Refunding Program start-up to be kick-started with no further delay and prevarication from the US authorities on orders from the Bush White House and Crime Family and their corrupt and criminalist associates.

Many signals of total international backing for an immediate return to the Rule of Law and proper supervision and regulation, in sharp contrast to the US preference for fraud, are evident at these Meetings. For instance, a clear statement by Mr Alipour-Jeddi, of the Organization of Petroleum Exporting Countries (OPEC) at the 18th Meeting of the IMFC (a.k.a. the International Monetary and Financial Committee), dealing with the falsification of petroleum prices, and released to the Press on the morning of 11th Octgober 2008, calls insistently for the strengthening AND ENFORCEMENT of ‘regulation aimed at minimizing the potential for distortions to economic fundamentals of price discovery (excessive speculation, fraud, manipulation)’.

• Mention of fraud and manipulation at these Meetings is extremely rare.

Iceland has been ‘enronised’ (hollowed out: see Glossary appended to our reposted report on The Cottrell Plan (18th September 2008). When London became fully aware of the fac t that the failure of Icelandic institutions threatened the viability of a swathe of British operations, primarily High Street commercial retail chains and services, British authorities contacted the Icelandic Government and warned that they would take steps to see to it that the Prime Minister of Iceland would be arrested for perpetrating economic and financial terrorism against the United Kingdom if the Icelandic banks were not nationalised immediately so that the Icelandic investments in Britain were protected.

Iceland is one of a number of smaller countries targeted by the Bush-linked criminlist nexus as counterparty bolt-holes for their fraudulent toxic finance operations. Other smaller countries that have been ‘enronsied’ include, as previously reported, Ireland, Estonia, Argentina and Zimbabwe.

FACT: It will be recalled that the US bankers who were rounded up this time last year and flown to European capitals where they were made to account for their serial fraudulent finance criminality, were ‘handled’ under European legislation which categorises fraudulent finance marketing and related operations as ‘economic and financial terrorism’.

Significantly, the statement by European Commissioner Joaquin Almunia to the International Monetary and Financial Committee on behalf of the (corrupt) European Commission, made available in the Press Room on Saturday 11th October, concludes with this statement:

‘The fight against… the financing of terrorism continues to be a high priority for the EU where a robust anti-money laundering and counter-terrorism financing framework is in place’.

As we pointed out some time ago, this is a fascinating example of these people being trapped by their own diversionary deception. The US focus on terrorism provides the pretext for the ‘Big Brother surveillance society’ which, in turn, has as its PRIMARY agenda keeping tabs on who knows what about the fraudulent finance, so that anyone considered a prospective threat to its continuation, can be ‘dealt with’.

• See below for what happened while the Editor was on the train from New York.

Two extraordinary factors are reported herewith:

(1) President George W. Bush Jr. was asked by leading Governments to attend a meeting very recently, at which inter alia he was to be confronted over his blocking of the Settlements and The G7-Approved Refunding Program. He refused to attend. The European Governments concerned (with the Chinese) RETALIATED by orchestrating the market crash. That has ‘worked’, because we understand that as a consequence, Bush II ‘got the message’ and agreed to attend another meeting at which the same issues were to be ‘discussed’. (The G-7 Ministers and Central Bank Governors have been in more or less ongoing session since last Monday, we understand).

(2) With confidence in the large institutions in the United States having now almost completely collapsed, because no-one knows which institutions will be around in the morning (literally), the controllers of very large funds have taken to placing such funds overnight with the US Treasury, in order to be able to get a good night’s sleep and to preclude waking up at 3:00 in the morning in a cold sweat for fear that their funds have vanished along with the institutions holding them.

(It is presumed that such placements are made into Treasury accounts, as we are not aware of the existence of ‘overnight’ Treasuries, although ‘anything’ is clearly possible). Such placements are being made without earning any interest. Of course this is grossly ironic in the extreme, given that the ‘Treasury Secretary’ has systematically wrecked the ‘Full Faith and Credit of the United States’.

• So what is happening to the interest that is payable on these deposits, if it’s not being paid to the depositors? ANSWER: It is being ‘booked’ internally, and then SIPHONED OFF CORRUPTLY as usual, for private self-enrichment and other familiar criminal purposes. ANOTHER HUGE SCANDAL that the Fourth Estate has missed. [But who NEEDS the Fourth Estate, when the Fifth Estate (the Internet) can perform the necessary exposures that the Fourth estate is too scared to promulgate?].

• Summary: Rather than take a risk with the banks, the controllers of very large amounts of funds ‘prefer’ to place their monies overnight with ‘Paulson’, no doubt cynically aware that the interest is being ‘trousered’ by ‘Paulson’, Bush Jr. and their unbelievably corrupt ‘buddies’.

[Concerning a recent ‘scare story’ that the Internet will be closed down, why would ‘they’ do that? Closing down the Internet would spike and close down the 55++ or more redirection, diversion, obfuscation and disinformation websites perpetrating COINTELPRO ‘Psy-Ops’ operations so as to bamboozle and confuse the jaded American people in order to blind them to the colossal corruption of their leadership under the Bush II Presidency].

It is very reliably reported to us today that certain US financial institutions are refusing to carry out instructions from clients to move funds, and have been refusing to move funds for about two weeks. The sources of this information are involved with clients engaged in transactions worth hundreds of millions (not billions) of dollars. When instructions are issued by these bank clients that payments are to be made to meet obligations falling due, the banks in question are REFUSING to implement such instructions.

This is of course illegal, and means that the banks in question are de facto STEALING the funds. Frustration of transactions by any bank is a very serious offence under the previously referenced Universal Commercial Code, and renders the offending bank liable for huge additional payments, to be added to the principal. Notwithstanding this nasty reality, we understand that the institutions, when threatened with unavoidable legal action, are STILL not complying with such payment orders.

Between 30th September and 2nd October inclusive, associates of Dr Alan Greenspan, the chief architect of the ‘Never Pay Syndrome’, were ‘liquidated’. The Editor was informed that the various ‘whacked’ personnel were located in Germany and the World Bank.

Earlier, we had been advised that Dr Greenspan had suffered the indignity of having ‘bracelets’ dangled adjacent to his person, and of having been informed by enforcement personnel (MI6, Interpol, possibly accompanied by US Marshals) that if he did not at once now personally reverse what we believe may have been ‘standing instructions’ for the repeated attempts at the Settlements to be blocked, he would spend the rest of what remains of his life in jail.

This did not ‘work’, so more drastic measures were immediately taken, and Greenspan was told that if he did not comply, ‘you will be next’.

• We believe that this procedure is being applied, or is pending, with respect to certain other highest-level criminalist operatives.

• In June 2007. Greenspan was arrested. He was held under house arrest according to US Trustee sources who communicated this known fact in writing at the time, to the Editor of this service. However other sources reported that he was held in jail or in a police cell. An image of Dr Greenspan emerging from a doorway looking distraught and unkempt, surfaced briefly in US broadcast media and was almost immediately withdrawn. The subsequent crisis issue of International Currency Review displayed ‘Wanted’-type photographs of both Greenspan and the former Governor of the Bank fo England, who was also reported to us to have been arrested (in July 2007). This information has been in the public domain for 16+ months [see Archive and International Currency Review].

Certain completely inaccurate and scurrilous assertions about The Queen appearing in the United States and confronting President George W. Bush recently, reveal that the familiar COINTELPRO technique of mixing falsehoods with a few facts that may be true, is of the essence of the huge redirection and diversion agitprop ‘Psy-Ops’ operations being dished out by American and foreign counterintelligence to bamboozle and confuse the American people and the Rest of the World in the process. In the United Kingdom, Her Majesty The Queen’s physical whereabouts are essentially a state secret.

However we can gauge where she was ‘yesterday’, by reading the Court Circular which appears daily in The Times and The Daily Telegraph.

That text reveals the formal duties and activities of the Royal Family, including such matters as the presentation by newly appointed Ambassadors of their credentials, and where the ceremonies or audiences took place. By reviewing this text, it is possible to establish where Her Majesty WAS on the preceding weekday in question. By this means, it is established that The Queen DID NOT fly to the United States to confront the President of the United States, an assertion which revealed that the source who invented this nonsense is ignorant of the above straightforward facts about our Head of State. Besides, our 82-year-old Queen does NOT behave in the manner crudely suggested by the ignorant ‘report’ in question. Such ‘mistakes’ reveal that this ignorant stuff is ‘made up’.

Our ‘sausage machines’ report dated 27th September is being openly referred to, we are informed. For instance, at about 5:00pm on Thursday 9th October, Stuart Varney (who happens to be British) was monitored on Fox making the following comment:

‘There’s lots of … in the sausage factory’.

Our monitor missed the word that is omitted from this subliminal allusion, but it is obvious that the missing word is either ‘sausages’ or ‘money’.

The same sequence was also monitored on another US national financial news channel on the 9th.

Separately the National Review dated 1st October 2008 carries an article entitled:

“Two weeks in the sausage factory”.

From which we conclude that the biggest corruption scandal in world history IS KNOWN ABOUT inside the Beltway and in the press rooms of the leading broadcasting corporations, from which we further deduce that IT CAN ONLY BE A MATTER OF TIME before the controlled so-called ‘Mainstream’ media will ERUPT with this Grandfather of all scandals, to the astonishment of the American people and of the whole world except within certain foreign corridors of power.

The fact that the person who whispered in the Editor’s ear after his questions to Herr Steinbrück, knew exactly what the Editor was talking about, speaks further volumes on this score.

As will of course have been universally observed, our prediction that certain financial institutions will cease to exist, has come to pass and will continue to come to pass. HOWEVER, what has so far not been noted, in this context, is this. With the long-delayed activation of The G7-Approved Refunding Program, the US Treasury will be the beneficiary of huge continuing inflows of tax funds to be derived from the ON-THE-BOOKS, fully taxed, fully transparent Capital Markets instrument operations involved.

This will mean that institutions which have grown grossly fat through marketing and financing the US Government’s colossal, continuously expanding, one-way debt, WILL NOT BE NEEDED ANY MORE, which in turn illuminates, does it not, another reason for the crumbling resistance to the payouts and The G7-Approved Refunding Program associated with the Settlements.

Therefore, the overnight disappearance of some of these institutions is ACTUALLY appropriate, given the imminent new circumstances; and it can ALSO be interpreted in itself, as indicating that The G7-Approved Refunding Program will proceed.

While on the Amtrak train from New York to Washington DC yesterday, the Editor had to make a number of phone calls from his US mobile phone. In the course of communicating with a special and highly respected source, his calls were repetitively disrupted while the unwanted instruction ‘INSERT SIM CARD’ appeared on the screen. The SIM card was of course sitting in its proper place adjacent to the battery. After this interruption had occurred on at least two dozen occasions, the Editor contacted another associate, and the same thing continued to happen repeatedly.

The associate then left a message saying that he would immediately report the matter to the Gold Badges. The Gold Badges kindly contacted a certain team, who were tasked to investigate and to establish who was responsible for this interference. The Editor was professionally informed that it was likely that the perpetrators were located within 50 feet of where the Editor was sitting. When the Editor pointed out that he was ‘on wheels’, so that this implied that there was a ‘tail’, the experts confirmed that this would be the case and that the main perpetrator would be wearing an earpiece. There would probably be two operatives working together.

After a gap of some time the Editor identified two men sitting three rows in front of the Editor on the other side of the aisle. These operatives usually work in pairs. The ‘Mr earpiece’ stood up when we reached Union Station and nonchalantly rolled up the wire attached to his earpiece while talking to his colleague (‘partner’) and then left the train ahead of the Editor.

On his arrival in the Press Room, the Editor needed to contact several correspondents and also to read the text of the G-7 Communiqué over the mobile phone to Michael Cottrell.

These phone calls and conversations all proceeded normally, with no further interruptions along the lines of the interference on the train. ENDS.



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 or 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
• 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 and associated intelligence services 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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