GEITHNER TO LAUNCH WORLD’S BIGGEST PONZI SCAM

G-7 PRIVATE SECTOR DOLLAR SYSTEM REFUNDING TO BE IGNORED

Sunday 8 February 2009 23:45

BAD DEBTS TO BE PILED UPON BAD DEBT TO REFLOAT TRASH DERIVATIVES

OBAMA LED ASTRAY BY MAD OPERATIVES DEDICATED TO A WHEELBARROW FUTURE
WHO ARE TAINTED BY/IN PREVIOUS WASHINGTON ADMINISTRATIONS SINCE 1981

QUEEN’S $6.2 TRILLION TO BE BYPASSED IN NEW DEBT ORGY

BANKS MAY BE ‘REFLOATED’ ON A FILTHY SEA OF U.S. TRASH

SAME CLIQUE OF FINANCIAL TERRORISTS RUNNING OBAMA’S SHOW

TREASURY AND FED WILL MANUFACTURE BAD MONEY IN SPADES

ON-BALANCE SHEET G-7 CAPITAL MARKETS TRADING SHOULD GO AHEAD FROM LONDON ON THE PRINCIPLE THAT GOOD MONEY PUSHES OUT BAD, IN ACCORDANCE WITH THE REVISED INSTRUCTIONS BASED ON ‘THE REQUEST/AFFIDAVIT DATED 29TH DECEMBER 2008’

• MADOFF ‘VICTIMS’ LIST: Two reports were posted on 6th February 2009 containing the entire list of customers of Bernard L. Madoff Securities, Inc.. Because the list is so huge, we divided it into two segments: Clients A-N; and clients O-Z, plus a Miscellaneous section. See: Archive.

• QUEEN CANCELS STATE VISIT TO DUBAI AFTER THEFT
MASSIVE SUM TRANSFERRED ILLEGALLY FROM CITIBANK LAST WEEK:
This urgent report, posted dated 7th February 2009, has now been replaced by the report published below which it had been intended to post on the 7th. You can still access the Dubai report via the Archive in the usual manner. Please do so.

• Globalist hegemony ideology and practice is comprehensively debunked in the Editor’s study entitled The New Underworld Order, which can be ordered via the books section of this website. If you want to see what may happen if the angle of decline steepens much further, you could do worse than also order a copy of The Red Terror in Russia, by the brave contemporary Russian eyewitness Sergei Melgounov, another Edward Harle Limited book available direct from this website.

• IMPORTANT UPDATE: See at the foot of this report for signs of a belated rethink implying an outbreak of common sense, spearheaded by Mr Lawrence Summers. DON’T SKIP THIS PLEASE.

• The add-on about Summers’ ‘redirection’ at the foot of this report, is entitled:
INTERVENTION ON SUNDAY 8TH FEBRUARY BY MR LAWRENCE SUMMERS:

By Christopher Story FRSA, Editor and Publisher, International Currency Review and associated intelligence publications and information services. See this site for details and ordering facility.

• CORRESPONDENCE TO THE EDITOR: We routinely, automatically DELETE all emails which OMIT any element of the requested coordinates. We are not prepared to deal with anonymous spooks and other cowards who are too scared to provide their coordinates, for identification.

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• BOOKS: Edward Harle Limited has so far published FIVE intelligence titles: The Perestroika Deception, by Anatoliy Golitsyn; Red Cocaine, by Dr Joseph D. Douglass, Jr.; The European Union Collective, by Christopher Story; The New Underworld Order, by Christopher Story; and The Red Terror in Russia, by Sergei Melgounov. All titles are permanently in stock. We sell books DIRECT.

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EDITOR LIED TO AND DECEIVED BY U.S. OFFICIAL FLATTERERS

NSA STEALS ICR TEXT PROVING TARP WAS A SCAM TO REFUND CARLYLE, BUSH ET AL.

THE PAULSON TREASURY’S TARP $700 BILLION PLATFORM SCAM

BASED ON THE FALSE PRESUMPTION THAT THE DERIVATIVES ‘ASSETS’ HAVE VALUE

• Note: The forthcoming issue of International Currency Review [Volume 34, #2] will definitively reconfirm WITH DIAGRAMS, that derivatives ‘assets’ are trash, worthless, and why this is so.

TEN FURTHER MADOFF-STYLE PONZI SCAMS READY TO ‘BLOW’ IN EUROPE (ANY TIME)

THE GEITHNER TREASURY WILL FOLLOW PAULSON’S EXAMPLE BY LAUNCHING THE BIGGEST FRAUDULENT FINANCE PONZI SCHEME IN WORLD HISTORY, WHICH WILL DESTROY THE U.S. DOLLAR SYSTEM AND WILL ENSURE A HYPERINFLATION AND THE DESTRUCTION OF VALUE

THE CORRUPT CIA, COVERTLY FUNDED BY PONZI FINANCE, INSISTS IT MUST CONTINUE

REQUEST THAT THE G-7 REFUNDING SHOULD BE RUN OUT OF LONDON

GEITHNER PROSPECTUS WILL BE FRAUDULENT AND FALSE

ANOTHER SIGN THAT CORRUPT ‘BUSINESS AS USUAL’ IS INTENDED

IMPERATIVE AND INDISPENSABLE NEED FOR A BREAK WITH THE PAST

PRESIDENT BARACK OBAMA SABOTAGED BY HIS ENTOURAGE

SIGNS OF OBAMA’S REQUIREMENTS BEING UNDERMINED

OBAMA WANTS TRANSPARENCY AND THE RULE OF LAW: HIS PERSONNEL DISAGREE

TOP U.N. OFFICIAL CONFIRMS THAT INTERBANK MARKET IS FUNDED BY DRUG MONEY

THE ‘LOCKDOWN’ OF $14 TRILLION EFFECTIVE 12TH SEPTEMBER 2008

‘STATE WITHIN THE STATE’ JEALOUS OF ITS FRAUDULENT FINANCE

FLURRY OF ACTIVITY TO PRESERVE FRAUDULENT FINANCE PONZI OPS

HOW THE INTELLIGENCE POWER MAY BE CONTROLLING THIS PRESIDENT

INTELLIGENCE POWER DEVALUING THE PRESIDENT’S TRANSPARENCY DRIVE

POSTSCRIPT: ‘THE FILLING IN THE HOLES’ LIE

NEW REPORT STARTS HERE:

EXECUTIVE SUMMARY:
On 25th January 2009, the Editor received a message from supposed official allies in the United States to the following effect: ‘Those who matter in Washington are delighted with your new post [25th January]. Could you please leave it up there’. This message was accompanied by flattery.

The reason for the source’s ‘satisfaction’ with the report was that it was calculated to assist the process of shoehorning the Timothy Geithner, the former President of the Federal Reserve Bank of New York which has presided over the worst epidemic of corruption in world history, into the stop slot in the Treasury – so that the Financial Fraud can continue.

On 5th February, as the Editor and his colleague were making final changes to the forthcoming issue of International Currency Review [34, #2] which contains a step-by-step exposure by the US securities expert Michael C. Cottrell, of how the Paulson Treasury designed the TARP operation specifically in order to refund Carlyle, Carlyle Capital, George H. W. Bush, James A. Baker III and other highest-level Financial Terrorists, the NSA directed electronic pulses onto our production computer and removed the relevant concluding paragraphs and the final chart that explains how the Paulson TARP scam was to be accomplished.

• We did not lose the text and the chart because we keep multiple copies of everything.

However the NSA stole the precise text of our exposure of the TARP fraud, presumably in order to establish whether we would be likely to expose the new Ponzi fraud that Geithner has in mind.

On 6th February, a CNBC report duly revealed that Mr Geithner is to unveil the Grandfather of all Ponzi operations on Monday, whereby the US Treasury will preside over repackaged TRASH assets on a prodigious scale in order to refloat the banks, irrespective of the fact that this Ponzi operation will pile debt upon debt and will GUARANTEE a wheelbarrow hyperinflation down the road.

We have therefore concluded that the Obama-Geithner Treasury has no intention of mobilising The Queen’s $6.2 trillion, made available for ON-BALANCE SHEET CAPITAL MARKETS OPERATIONS to assist the United States in a gesture of friendship and for no other purpose, in accordance with the reiterated wishes of the Group of Seven Financial Powers in 2007 and 2008.

Finally, we conclude, from such signals as the provocative appearance at the White House of the disgraced and discredited former British Prime Minister, Tony Blair, who ‘rolled over’ as we alone reported last year and exposed comprehensive details of the corrupt Octopus, that The Queen is being snubbed and the young President of the United States is being deceived and may have little understanding of what his own appointees are intending, on behalf of the same discredited crew of rancid, hyper-corrupt Fraudulent Finance specialists that have been consistently exposed in our reports and printed intelligence publications.

• It is therefore recommended that the G-7-Approved Private Sector Capital Markets Refunding Programme, instructing Michael C. Cottrell, B.A., M.S., to handle transparent on-balance sheet taxed Capital Markets transactions on the basis of the LOAN FUNDS through his securities firm Pennsylvania Investments, Inc., should proceed anyway as been specifically instructed, ‘per the request/affidavit dated 29th December 2008’, but through London rather than New York.

This recommendation has regard for the facts that good money pushes out bad, and that the G-7 Financial Powers cannot possibly approve the disastrous course that the new Geithner Treasury intends to pursue, which will end with US Treasuries and dollar bills acquiring trash status, like the worthless derivatives non-assets which the Treasury intends to repackage, falsely representing that underlying derivatives ‘assets’ have value, which is not the case. The forthcoming issue of International Currency Review will definitively demonstrate that derivatives ‘assets’ are TRASH.

EDITOR LIED TO AND DECEIVED BY U.S. OFFICIAL FLATTERERS
Dealing quickly with this ‘water under the bridge’ matter, as noted above, we received a sudden communication from official sources after posting the report dated 25th January 2009, the precise language of which included the following sentence:

‘The people who matter in Washington are delighted with the latest report. It says exactly what they wanted it to say’ [even though we prepared it ourselves without any such input of course]. ‘Could you ask Mr Story to leave it up there please’. These unsolicited observations were accompanied by various flattering remarks which we won’t go into.

As usual, when these people say something out of character like this, what they say usually has an inner, deceptive meaning. In this case, what they were so pleased about was that the report was precisely calibrated, they perceived, to assist the process of Mr Timothy Geithner being corruptly shoehorned into the post of US Treasury Secretary, which they wanted to happen so that the Fraudulent Finance model could be ensured and perpetuated.

Unfortunately, we thought at the time that even Geithner would be preferable to Stuart Levey, an associate of the previous Treasury Secretary, the corrupt and wholly discredited Henry M. Paulson [see Archive]. At the time, the Editor queried how on earth one could presume that this Geithner, President of the Federal Reserve Bank of New York, could possibly be a sensible appointment, given that this man presided, as President of FRBNY, over the perpetration of routine Fraudulent Finance operations on an unprecedented scale.

Now it transpires, of course, that these doubts were justified. For what the duplicitous sources dispensing flattery in our direction were actually doing was to encourage us to leave the 25th January report up long enough for it to have the clinching impact that was evidently considered necessary in order to ensure Geithner’s US Senate confirmation. Once again, therefore, as with Wanta, the Editor has been gravely traduced and deceived.

NSA STEALS ICR TEXT PROVING TARP WAS A SCAM TO REFUND CARLYLE, BUSH ET AL.
On 5th February, the Editor was working with his colleague to finalise pages for the next issue of International Currency Review. This contains an analysis by Michael C. Cottrell, B.A., M.S., with 3 diagrams, entitled ‘THE LEGALISATION OF FINANCIAL CORRUPTION’, that carefully demonstrates and proves that the Paulson Treasury’s TARP operation represented a colossal Ponzi-style fraud designed to refund Carlyle, Carlyle Capital and corrupt ‘insiders’ starting with George H. W. Bush Sr., James A. Baker III and other highest-level US financiers of terrorism.

All of a sudden, our screen became completely unstable under the impact of electrical pulses which can only have been directed externally. There were two attacks: on the first occasion, the relevant pages were retrieved without loss. About 20 minutes later, however, a further pulse attack resulted in the ‘loss’ of the concluding pages, associated with the final diagram which shows:

(a) How the Henry M. Paulson Treasury had concocted a devious false prospectus programme to inject false value into fraudulent and worthless derivative ‘Structured Products’ and:

(b) How this process, thanks to the fact that the Treasury now controlled the FNMA (‘Fannie Mae’) and FHLMC (‘Freddie Mac’) directly, would ensure that the Government bailout money agreed by Congress would refund Carlyle, Carlyle Capital, Bush Sr., James Banker II et al., as stated above.

We therefore publish immediately below the precise text that was stolen by the NSA in the course of this second ‘pulse attack’. We were of course able to restore the stolen text, plus the concluding chart showing the scam in graphic form, almost immediately, so nothing was achieved except that the forces concerned obtained a copy of the language we are using.

They therefore knew that we were about to expose the TARP Ponzi scam, although they would have known that anyway since they listen in to all our telephone conversations.

• Reference is made in the text below, to the diagrams, which are not shown here (because this platform does not currently support illustrations).

• But it is necessary to include these diagram references in order to reveal why NSA stole this text by directing electrical pulses at our production computer. This is the text they stole:

HOW THE LEGISLATION ASSISTED THE FINANCIAL FRAUDSTERS:
THE PAULSON TREASURY’S TARP $700 BILLION PLATFORM SCAM
Figure 3 opposite illustrates the process of taking the private mortgage, commercial mortgage, credit card loans, and/or any other fungible debt, and via the underwriting group or underwriting trust pool, and turning that debt into a securitised ‘Structured Product’ to be pooled and sold into the global institutional market place.

The boxes indicating ‘Pool A-1’ etc. represent the securitised pools of mortgages and other ‘assets’, and the various tranches of these ‘Structured Products’.

These tranches and/or pools are then sold on to the banks, investment banks, and ‘financial products’ companies for re-sale and/or re-packaging and then re-sale to international banks, investment banks, and corporations.

US Treasury Secretary Paulson’s TARP plan to obtain unlimited authority over the $700 billion was premised on the basis that via a reverse auction, the ‘Structured Products’/derivatives could be purchased by the Treasury TARP group and re-packaged, via the new FNMA and FREDDIE MAC, and then re-sold at a profit.

BASED ON THE FALSE PRESUMPTION THAT THE ‘ASSETS’ HAVE VALUE
This operation assumed that the illiquid derivatives have a specific value or a market value.

Such an assumption is definitely false, since there is NO actual and specific asset that is directly attached to the ‘Structured Product’ – given the obvious fact that the asset was split from the locally filed UCC-1 that defines who is the mortgagee and mortgagor, and who has legal claim to the asset once the mortgage or debt is paid in full.

IN OTHER WORDS, holders of these fake, fraudulent exotic ‘assets’ have no recourse to the original underlying source(s) of ‘real money’ funds.

This separation of the asset and the legal authority to claim the asset occurred during the financial securitisation process of pooling, re-pooling, and re-packaging – supposedly (for gullible public consumption) to spread the risk of default to as many holders as possible – thus furthering the development of the Credit Default Swap derivatives market.

The typical CMO (‘Structured Product’) has ‘A’, ‘B’, ‘C’, and ‘Z’ tranches, representing fast pay, medium pay, and slow pay bonds plus a tranche that bears no coupon but receives cashflow from the collateral remaining after all the other tranches are satisfied. More sophisticated CMOs have multiple ‘Z’ tranches and a ‘Y’ tranche incorporating a sinking funds schedule. [This passage in the printed version references the earlier discussion, not reproduced here].

Figure 3 illustrates a non-public TARP program, prior to the appointment of Mr. Kashkari, et al. and the Congressional Oversight Panel restrictions.

Under the guise of a government ‘bailout’ theme and marketed to Congress and the US general public as being for the purpose of buying the illiquid asset-backed securities, Treasury Secretary Paulson intended to operate TARP as a Trading Platform – that is to say, as an International Hedge Fund benefiting from US Government Guarantees – from within Treasury (behaviour which has hitherto been completely illegal) to purchase, at a higher price than necessary, the CDO, CDS, MBS etc. derivatives from the very entities and banks that have themselves directly contributed to the mass-production and sale of these toxic illiquid ‘Structured Products’. The purpose of this Trading Platform was/is therefore to use public funds to quantify the value of the toxic products, and to overpay the holders, i.e.: the likes of leading Fraudulent Ponzi-Finance specialists such as: AIG, CITIBANK, GOLDMAN SACHS, CARLYLE CAPITAL, CARLYLE GROUP, and others.

BECAUSE, once the ‘Structured Products’ had been valued, via reverse auction, and purchased, Paulson and his friends would then be able to re-pool and re-package the relevant derivatives via FNMA and FHLMC for re-sale into the demonstrably gullible marketplace, where the phrase ‘due diligence’ appears to be foreign to many operators in the market – thereby repeating the process for as long as possible. Profits from this Trading Platform could then be transferred to an unknown Master Custodial Account set up within the huge external international monetary system – such as a receptacle set up for this purpose by President George W. Bush Jr. in Benin, West Africa – without the knowledge of, or any accountability to, the US Taxpayer, the US tax authorities, or anyone else.

CONCLUSION
Thus, PUBLIC funds were to be used yet again to generate PRIVATE accruals, while a massive fraud would be concealed under cover of the necessity of ‘managing’ the illiquidity of the avalanche of toxic ‘Structured Products’ and regaining credit flow within the international banking system. See the flow charts: Figures 1-3 herewith. ENDS.

[Note: This text will appear on pages 32-34 of International Currency Review, Volume 34, #2].

THE LEGALISATION OF FINANCIAL CORRUPTION
International Currency Review, Volume 34, #2, containing Mr Cottrell’s detailed exposure entitled THE LEGALISATION OF FINANCIAL CORRUPTION of how the Paulson Treasury was using, and was planning to deploy, US taxpayers’ money to benefit Carlyle, Carlyle Capital George H. W. Bush Sr., James A. Baker II et al, is in production and will be published as scheduled.

It contains detailed information about derivative Ponzi scam methodology, exposing ‘High-Yield Investment Programs’ as Ponzi scams, plus a number of other features exposing the gigantic RAMP which these US criminals are perpetrating on the world.

• Therefore the international community, and many powerful foreign governments and their central banks, will have chapter and verse from us confirming how the Paulson Treasury was intending to perpetrate that fraud.

• Now, however, we learn that this fraudulent activity is to continue:

THE GEITHNER TREASURY WILL FOLLOW PAULSON’S CORRUPT EXAMPLE BY LAUNCHING THE BIGGEST FRAUDULENT FINANCE PONZI SCHEME IN WORLD HISTORY, WHICH WILL DESTROY THE U.S. DOLLAR SYSTEM AND WILL ENSURE A HYPERINFLATION AND THE DESTRUCTION OF VALUE ON A SCALE WITH NO HISTORICAL PRECEDENT

At about 3.15pm on Friday 6th February 2009, CNBC revealed that Mr Geithner intends on Monday 9th February to announce a massive refloating of bad (worthless) assets which will be encased with an ‘insurance wrap’ in the shape of a Government-guaranteed instrument.

Given not least that the bad American banks (Citibank, Bank of America) are already engaged in operations to refloat bad assets, and against the background of the TARP Fraudulent Finance operation implemented under the Paulson Treasury, this departure will ensure that Treasury paper and the US dollar will be rapidly degraded, finally winding up as worthless as the derivatives trash that the Geithner Treasury stupidly and recklessly intends to repackage.

Just as, on 2nd September 2006 and again with our ‘train wreck’ warning articles in June and July 2007, we accurately predicted the SYSTEMIC FRAUDULENT FINANCE CRISIS that has indeed ensued as a specific consequence of the corruption of the CIA-Citibank-Bush-Clinton Crime Nexus, so we hereby predict that the consequence of the Geithner Treasury’s intended Ponzi operations will guarantee a ‘wheelbarrow’-style hyperinflation in the United States and therefore in other parts of the world, as well. That this will occur if such madness proceeds, is A CERTAINTY.

We further conclude as follows:

• The Geithner Treasury has no intention of implementing the Group of Seven-Approved Private Sector Refunding Programme using transparent, taxable capital markets operations on-balance sheet, as agreed by the Group of Seven Financial Powers in 2007 and 2008, and underpinned with The Queen’s LOAN funds of about $6.2 trillion, in accordance with the instructions issued from the highest level in London ‘per the request/affidavit dated 29th December 2008’.

These instructions merely indicated how the Refunding was to be operated, but the provision of the LOAN was extended as a gesture of friendship and solidarity by the British Monarch by way of assistance to the Group of Seven Financial Powers and for NO OTHER REASON. The lender is of course entitled to stipulate how her funds are to be deployed.

• Since the course to be adopted by the Geithner Treasury will simply pile bad US debt upon debt upon bad debt, the impact of the intended US official Ponzi financing operations will be superficial, temporary and disastrous. You cannot refinance lowest-grade debt soundly by repackaging it to falsely represent that it is not lowest-grade trash by creating more debt by an order of magnitude.

• And you certainly cannot repackage BAD DEBT, TRASH THAT HAS NO VALUE AT ALL, into ‘good’ debt by waving a magic wand and asserting in the false prospectus that ‘it’s OKAY, because the Government insures and guarantees the new debt instruments’, which is what they intend to do.

• There will accordingly be NO DIFFERENCE between the intentions and behaviour of the Geithner Treasury and Bernard L. Madoff’s giga-Ponzi operations [see the alphabetical list of Madoff Ponzi ‘victims’ posted on this website on 6th February, in two segments].

Both, like Charles Ponzi himself, presented a FALSE PROSPECTUS which fooled some investors for a while, but ended in disaster.

THE GEITHNER TREASURY’S INTENDED PONZI SCAM OPERATIONS WILL LIKEWISE END IN HYPERINFLATIONARY COLLAPSE. A ‘WHEELBARROW’ FUTURE WILL BECKON.

•FACT: The Ponzi modus operandi, whether maintained as the model or ‘degraded’ to become outright theft with no repayments contemplated, is always driven from the outset by the absolute imperative of OPENING UP NEW SOURCES OF FINANCE.

This is what the Geithner formula will do, too. It will be recalled from the classic Ponzi model that once Charles Ponzi realised that his investors didn’t care a fig about his Postal Reply Coupons spiel, he dropped it altogether and changed his prospectus.

The changed prospectus made no mention of Postal Reply Coupons or any other mechanism, and instead focused exclusively on rates of return, which by now Ponzi realised were the sole concern of his ‘investors’. All they wanted was a fat rate of return, and Ponzi surmised that they didn’t care how it was achieved: exactly the same principle as was deployed by Bernard L. Madoff, who told his Ponzi participants not to ask questions, but to take their money and be grateful it was so generous.

• The operatives behind the intended massive US Treasury Ponzi marketing operation are of course the usual suspects: Dr Ben Bernanke, Chairman of the Federal Reserve Board; Timothy Geithner, his colleague from the Federal Reserve Bank of New York; the Clintons (acting for the Rockefellers); the Bush Crime Family and James A. Baker III; Henry M. Paulson; and the retreads in the Treasury and from the decadent Clinton era. Yes, we are rude about these people because they know perfectly well that what they are doing is reckless, selfish and wrong: but they carry on doing it anyway. They prefer to follow the yellow brick road, rather than to adopt the sensible on-balance sheet course requested by the G-7 and The Queen, WITH NO STRINGS ATTACHED.

• It is highly unlikely in our opinion that the Group of Seven Financial Powers are going to ‘buy’ this latest Treasury scam, which will dwarf all preceding Ponzi operations in history in terms of size.

• Nor do we imagine that other financial powers will be conned, although it is possible that the severe difficulties being faced now by China and Russia may have influenced their prospective responses. If so, they will be sorely disappointed and will reap the adverse consequences of any support they may be giving the Geithner Treasury behind the scenes in respect of this foolish and reckless departure. Everyone who is not mentally defective can see how reckless this is.

• There are multiple signs that the President Obama may not understand or may not have been reliably briefed, on what his duplicitous policy team have in mind. Assuming this perception to be accurate, President Barack Obama is indeed the ‘Mr Nice’ front man, talking ‘transparency’ until he appears translucent, while the man with the axe stands behind him.

• The man with the axe is the former tax-evader, Mr Timothy Geithner.

TEN FURTHER PONZI SCAMS READY TO ‘BLOW’ IN EUROPE
Anyone who has taken the trouble to peruse the list of Madoff Ponzi ‘victims’ posted here on 6th February 2009 [see our Archive: Two reports listing ‘victims’ alphabetically: A-N and O-Z], will be staggered at the repercussions of that Ponzi exposure alone.

But Harry Markopolos, the brave expert ‘whistleblower’ and investigator, who now fears for his life and the lives of his family members, testified before Congress during the same week ending on 6th February that there are at least TEN MORE PONZI SCHEMES waiting to ‘blow’ in Europe, following the recent Madoff exposures. Imagine, therefore, TEN TIMES THE VOLUME OF VICTIMS THAT YOU CAN READ ALL ABOUT IN OUR TWO POSTINGS DATED 6TH FEBRUARY 2009.

So, the Geithner Treasury is proposing to launch its own Super-Ponzi operation into the whirlwind of innumerable collapsing Ponzi schemes all around it? Does Mr Geithner fancy being impeached?

• Somehow, we don’t think that this scheme can even get off the ground.

REQUEST THAT THE G-7 REFUNDING SHOULD BE RUN OUT OF LONDON
In view of the foregoing, Michael C. Cottrell, B.A., M.S., requests that the intended Private Sector Capital Markets Refunding Programme approved by the Group of Seven Financial Powers, using fully taxable, transparent on-balance sheet Capital Markets operations yielding REVENUE, rather than an endless SEA OF DEBT which is what the false prospectus to be launched by the Geithner Treasury will achieve, should be implemented in accordance with the existing instructions ‘per the request/affidavit dated 29th December 2008’, but run out of London.

The instructions by the British pro bono publico sponsor require these on-balance sheet Capital Market transactions based on the underlying $6.2 trillion to be handled by Mr Cottrell through his firm Pennsylvania Investments, Inc., ‘per the request/Affidavit dated 29th December 2008′.

The thinking here is that since the Geithner Treasury will, on the basis of what is now known, be disregarding the G-7-Approved on-the-books Private Sector Capital Markets Refunding Plan, the world now faces an unavoidable degradation of the US dollar system in the awful context of the prospectively vast ballooning of Treasury debt, and the proliferation of funny money generated by wholly fraudulent Ponzi scamming operations – with accruals continuing to be illegally accumulated untaxed, off-balance sheet, as before.

It will be fraudulent Ponzi ‘business as usual’ but on a more permissive scale than ever before, with all prudence thrown to the winds. There will have been no clean-up whatsoever, and the Obama Presidency will be destroyed along with America itself. A one-term Presidency? Mr Obama will be lucky, in these circumstances, to remain in charge for a full term.

Manifestly, this is a recipe for guaranteed disaster: and since it seems highly improbable that the Geithner Treasury’s intentions will meet with Group of Seven approval, the revised and existing instructions to implement the on-the-books capital markets operations should preferably go ahead on the competitive basis that GOOD MONEY PUSHES OUT BAD.

In other words, since the US Treasury intends to proceed with a reckless formula, repackaging bad ‘assets’ by buttressing them with an insurance wrap, and calling bad assets very good, the sensible course of action for the Group of Seven Financial Powers with the freely offered goodwill of The Queen, will be to compete with this nonsense by generating GOOD MONEY on balance-sheet – a process which will force the US Treasury’s reckless Ponzi operations to grind to a halt.

This will occur because, in the context of on-the-books, fully taxed Capital Markets Operations run out of London, the new fraudulent Geithner US Treasury capital markets instruments consisting of relabelled, worthless non-assets, will fail – due not least to lack of demand.

After all, who and which country in their right mind would want to acquire portfolios of repackaged US bad-money trash Treasury debt assets, and worthless Treasuries, when clean, good-money assets generated on-balance sheet after tax are available as an alternative?

The US Treasury/Federal Reserve ‘solution’ of pouring more and more bad money after bad money appears to be the product of people whose pride has got the better of their ability to think straight, and who cannot face the thought that they must abandon their Ponzi-model Fraudulent Finance, because it means inter alia that the vast, corrupt CIA ‘State within the State’ will no longer be able to finance many of its nefarious operations independently of Congress.

CRIMINAL FORCES ARE PEDDLING THE INVERSE OF THE TRUTH
Given this background, it is no surprise to find that certain propagandists are portraying the situation as the precise inverse of reality.

According to the deceptive interpretation du jour, the one power in the world that is INSISTING upon implementation of the G-7 Private Sector Capital Markets Refunding Programme on the books, as agreed by the financial powers in 2007 and 2008, is portrayed as blocking resolution of the global crisis. This is A BIG, DELIBERATE LIE.

It is then falsely extrapolated that ‘it may be necessary to bankrupt the United Kingdom in order to overcome this obstacle to resolution’. Nice people, aren’t they?

What they say is the precise reverse of the truth.

The TRUTH is that the corrupted forces, headed by the ‘Black’ US intelligence communities which finance their usurped ‘State within the State’ hegemony by means of the epidemic (which the CIA sponsored in the first place) of Ponzi-model Fraudulent Finance that is now crashing around their cloth-ears, are STILL resisting the G-7’s requirement for transparent, private sector on-balance sheet, fully taxable capital markets operations generating REVENUE to become the standard once again, as a corollary of which the ‘GOOD’ money generated by these transparent transactions will of course DRIVE OUT THE BAD, FOUL MONEY manufactured by the falsely legitimised but still illicit off-balance sheet, untaxed, surreptitious Ponzi-model derivatives trades.

In other words, these forces deny that we face a SYSTEMIC FRAUDULENT FINANCE CRISIS for which they themselves are responsible, and seek to continue their Fraudulent Ponzi Finance operations as though there had been NO DISCONTINUITY.

But their Ponzi model has COLLAPSED and cannot continue without leading the United States and the whole world into a ‘wheelbarrow’ future, with already degraded Treasuries and the US dollar acquiring a status comparable to ‘derivatives’ assets which are WORTHLESS.

‘Revaluing’ such TRASH assets by relabelling them by means of an official imprimatur represents a grotesque deception on the world and a false prospectus, courting the likelihood that the new US Treasury instruments will be shunned by foreigners WHO DO THEIR DUE DILIGENCE.

We are aware of the sources of this deliberate disinformation. They are preparing the ground for a corrupt ‘resumption’ of Fraudulent Ponzi-model Finance in the spring, on a colossal scale, in order to ‘swamp’ the insistence by The Queen that the will of the G-7 Financial Powers that on-balance sheet capital markets transactions should become the standard once again.

In other words, the only power in the world who is standing for the Rule of Law is The Queen: Hence the lies that are being promulgated by those who are suggesting that Britain should be bankrupted in order to overcome this opposition to the intentions of the criminalist forces whose interests these propagandists serve.

ENGINEERS OF A RESUMPTION OF FALSE PONZI-MODEL FINANCE
Those most clearly identifiable as engineers of the crass intention to persist with the Ponzi model are Dr Ben Bernanke, Chairman of the Federal Reserve and his predecessor, the recently recuffed Dr Alan Greenspan; Mr Robert Rubin, Clinton’s ‘Money Manager’, especially while he worked inside Citibank; Mr Timothy Geithner, former President of the Federal Reserve Bank of New York which sanctioned and participated in massive Fraudulent Finance operations; Mr Paul Volcker, the former Chairman of the Federal Reserve Board, who spent some time investigating the Saddam Hussein oil scandal but didn’t do his job properly because George H. W. Bush Sr. was getting his kickbacks from Saddam Hussein; and specifically, Mr Rahm Emanuel (ex Wasserstein Perella & Co.) who, like Hillary Clinton, knows all about the sudden death of Vincent Foster.

These and others, such as Leon Panetta, the CIA Director, who may have covered up the TWA-800 atrocity, are gravely tainted by the activities of previous Administrations since 1981 and may well have been instrumental, at the very least, in seeking ‘safeguards’ to ensure the demise of, or to sabotage the intended effectiveness of, the G-7’s Private Sector Capital Markets Refunding operation to refinance the US dollar and the world trading system.

• The language used here is deliberately ‘mild’.

WHY THE CIA INSISTS THAT PONZI FINANCE MUST CONTINUE
We do not really need any rationalisation of our presumption that the new young President is being double-crossed and deceived by the representatives within his entourage of the ‘State within the State’ – the Intelligence Power which controls the Federal Government (not the other way round) and which has a vested interest in preserving and expanding the Ponzi Fraudulent Finance orgy that it sponsored in the first place in order to establish its independence from Congress.

The CIA and associated intelligence community elements are insistent that the reckless debt-financing environment should remain untouched, because their Fraudulent Finance operations, including drug-trafficking, are the basis of the CIA’s arrogant power as the recalcitrant and wholly amoral ‘State within the State’. By means of financial fraud, the CIA, as the clandestine arm of the Executive Branch, has long since procured de facto independence from Congress – although of course it indents annually for $30+ billion of pocket money from the taxpayer.

Hence, the interests of the ‘State within the State’ and the criminal enterprise banks coincide: both remain hell-bent on proliferating the Ponzi financing model, in reckless disregard of the extreme risks that are being run in doing so.

They both intend to perpetuate the Bush-Paulson Ponzi scamming environment by launching new Treasury instruments with an insurance wrap which will actually represent repackaged toxic and worthless derivative non-assets revalued by Treasury fiat, with massive flows of Federal Reserve credit being poured into the Treasury which will be marketing instruments labelled ‘OKAY’ solely on the say-so of the US Government’s guarantee (insurance wrap).

GEITHNER PROSPECTUS WILL BE FRAUDULENT AND FALSE
However since the underlying repackaged derivatives ‘assets’ represent worthless trash, this intended Treasury Prospectus will be wholly false.

The misleading and therefore fraudulent label ‘backed by the US Government’ (the Full Faith and Credit of the United States), will not ‘fly’ for long, if at all – given that the G-7 Financial Powers are all aware that the intended new Geithner US Treasury operations DO NOT MATCH THE ON-THE-BOOKS FORMULA THAT WAS AGREED BY THEM IN 2007 AND 2008, and bankrolled by The Queen.

On the contrary, the degraded capital markets instruments based on derivatives trash that the Geithner Treasury will be marketing will not be protected by the ‘insurance wrap’ within which they will be packaged, because such instruments will simply generate vast accumulations of NEW U.S. TREASURY DEBT which will degrade Treasury securities themselves to trash status, and the US dollar with them. So the US guarantee will wind up worthless.

The consequence will be a hyperinflation, even though the thick-heads in the Treasury and other official advisers obviously imagine that it’s safe to proceed in this manner because the world is on the verge, as Gordon Brown said recently in the House of Commons, of a depression (a grim view echoed in Kuala Lumpur on 7th February by the Managing Director of the International Monetary Fund). The fallacy there is that the intended Treasury Ponzi orgy, if it takes off (which is in doubt), will itself inflate the dollar money supply on a scale with no precedent. The depression in the real economy will simply coexist with the inflation of the dollar money supply.

Some idea of the likelihood of the Geithner Plan proving a comprehensive flop can be gained from remarks by Thomas Patrick, a derivatives expert and Chairman/Founder of New Vernon Capital. In an interview with CNBC on 6th February 2009, Mr Patrick said:

‘Between June 2006 and March 2007, Merrill Lynch issued Super-CDOs and CDOs from $4.0 billion to $60 billion and NEVER SOLD A BOND‘.

According to Mr Patrick, that is when Merrill Lynch committed suicide.

ANOTHER SIGN THAT CORRUPT ‘BUSINESS AS USUAL’ IS INTENDED
Meanwhile the inter-dealer broker Icap and a consortium of banks were said on 3rd February in London to be preparing a bid for the clearing house LCH.Clearnet in anticipation of what they expect to be a regulatory overhaul of the credit derivatives market. This information emerged in Britain after it became known that the US Depository Trust and Clearing Corporation (DTCC) which, as reported earlier, is owned by the big US money Center Banks and at least one huge European institution and guarantees the derivatives contracts that it handles (by settling them), had made a provisional offer for LCH.Clearnet which would give the DTCC a complete monopoly of derivatives trades, as well as creating the world’s largest firm specialising in the processing of trades in stocks, bonds and currencies.

But Icap and more than ten other banks which are LCH.Clearnet shareholders were reported to have prepared a separate bid for the entity. A spokesman for Icap said that Governments ‘want clearing extended to large parts of the over-the-counter market and the consortium would like to support LCH.Clearnet in this area’. Separately, a US analyst opined in this context that ‘if you aren’t part of the solution, there is a big risk you could be left out and your business model could be challenged. Icap cannot afford to miss out’.

Such reports make it clear that those involved in the illicit, surreptitious, untaxed, off-balance sheet over-the-counter derivatives business, the trades of which cannot be traced, are gearing up for a renewed burst of activity in derivatives – adding to the prospective toxicity of the banks’ balance sheets and magnifying the already horrendous proportions of the financial and economic calamity. Talk of a ‘solution’ along these lines among the corrupt banks responsible for the mad excesses of their Ponzi financial frauds indicate that lessons have not been learned and that the intention is indeed to proceed towards a ‘wheelbarrow future’. No wonder the new President finds himself boxed inside his new ‘prison’.

And the Geithner Treasury appears itself to be preparing yet another Ponzi scheme, the biggest financial fraud in world history. So this would be ‘business as usual’ given that, as stated above, the forthcoming issue of our financial journal International Currency Review will prove that the Paulson Treasury’s so-called TARP scheme was designed:

(a) To inject value into worthless derivative ‘Structured Products’ and:
(b) To bail out and benefit Carlyle and Carlyle Capital, plus insiders George H.W. Bush Sr., James A Baker III and other corrupt operatives who remain inexplicably free to continue their Fraudulent Finance operations despite the fact that they are courting the total disintegration of the financial and economic system and the destruction of their own ill-gotten ‘wealth’ in the process.

THE IMPERATIVE AND INDISPENSABLE NEED FOR A BREAK WITH THE PAST
It is not for these discredited instutions, criminal enterprises in some cases, many of which are plainly surplus to the requirements of the real economy as they consume resources to play paper games with Monopoly Money instead of helping to finance real productive economic activity – to pre-empt matters by presuming that the Fraudulent Finance model is to continue. Are they gearing up for such activity to be carried on transparently, on balance sheet, with all trading accruals to be available for taxation, and zero accruals stashed away in secret offshore bank accounts? Nowhere in any of the reports on this subject have we seen a SINGLE mention that future derivatives deals are to be conducted in the open and transparently, in accordance with the Rule of Law.

That’s because they are all FRAUDULENT.

PRESIDENT OBAMA SABOTAGED BY HIS ENTOURAGE
Even prior to the CNBC revelation, anecdotal evidence suggested that President Obama’s entourage had been trying to block implementation of the endlessly delayed Private Sector Capital Markets Refunding Programme because the entourage defers NOT to the President of the United States, but rather to the arrogant Intelligence Power that selected him, groomed him and placed him there, even if he may have been unaware of this reality.

• There is NO DEMOCRACY in the United States. Elections are all paid, false front operations to ‘legitimise’ a fait accompli demanded by the Intelligence Power.

SIGNS OF OBAMA’S REQUIREMENTS BEING UNDERMINED
There have been many indications that the President’s entourage is sabotaging his agenda, from which we can select the following telling examples:

• According to ‘special’ sources, access to the new President is precluded altogether by the CIA and the National Security Council (NSC). Therefore, he cannot call upon advice from outside the circle of operatives by whom he is surrounded. This may usually have been the case with US Presidents, but we have been specifically informed that IT IS MUCH WORSE UNDER OBAMA.

• The withdrawal of her nomination as Government Performance Officer by Ms. Nancy Killefer, a Treasury compliance officer with a formidable reputation for having things done in accordance with the Rule of Law (we understand), because it transpired that she owed less than $1,000 in State tax arising from a ‘household help’ issue, is consistent with our reading of the situation stated above.

WHY? Because, consider:
DO THE REPRESENTATIVES OF THE PETRIFIED INTELLIGENCE POWER RELISH THE THOUGHT OF COMPLIANCE WITH THE RULE OF LAW?

Don’t ask stupid questions. The CIA uses ‘national security’ as blanket cover for its endless crimes.

And: if it was OKAY for Mr Timothy Geithner to be confirmed by the Senate after having failed to pay back taxes of $34,000 plus penalties, WHY WAS IT NOT OKAY FOR MS. KILLEFER to be appointed, as she owed less than $1,000?

WHY did she withdraw? Obviously, because she was subjected to some form of pressure, or else because it was pointed out to her that since the Treasury would be disregarding the on-the-books capital markets operations requested and preferred by the Group of Seven Financial Powers, there would be no rôle for her talents in the Administration.

The lady pointed out that given her intended rôle, she had to be whiter than white. But the tax omission of which she was accused was so fanciful as to represent a clear stitch-up. At any given tick of the clock, every taxpayer in the United States owes some back taxes.

All things considered here, therefore, we interpret this development as a conspicuous victory for the representatives of the ‘Black’ Intelligence Power who have remained hell-bent on sabotaging and frustrating the will of (a) the President of the United States and (b) the international financial community represented by the Group of Seven leading Financial Powers.

• To round off this picture for now, President and Mrs Obama received a visitor at the White House on 5th February 2009 called Tony Blair, the disgraced and discredited former Prime Minister of the United Kingdom of Great Britain and Northern Ireland. Barack Obama made a generous statement praising Mr Blair, which one must presume represents an outpouring of genuine politeness and natural goodwill on the part of the President.

However as we reported at the time, Tony Blair was cornered by investigators last autumn and, as a consequence, ‘rolled over’ on the perpetrators of criminal Ponzi-model finance within the Octopus. On Remembrance Sunday in November – an extremely important event in the British calendar and especially in the diary of The Queen – Tony Blair was not present. On that solemn occasion, the Top People join The Queen afterwards for a reception.

• Mr Blair was advised that his presence would not be appreciated. We reported this later: and the message should have been lost on nobody.

So what was this wholly discredited British crook doing embracing Mrs Obama in the White House? Without obviously knowing the answer to this question, we can conclude here by observing that it would be in character with Blair to upstage The Queen by walking boldly into the White House, as though his reputation and status had not been tainted in any way.

But more to the point, since Blair, with Bush Sr., facilitated the wholesale exploitation of London as the primary Fraudulent Finance platform, and the Bank of England’s Birmingham-based back office financing operation under Carl Daniels, using a known British drug-trafficker out of the CIA money-laundering base in Monaco, for the purpose, Blair’s appearance at the White House represents a deliberate snub by the criminal operatives to The Queen, consistent with the reckless decision by the Geithner Treasury to proceed in accordance with the ‘Black’ requirements of the ‘State within the State’ that Ponzi-style derivatives-based deficit-financing must continue until the end of the solar system – and to disregard the G-7-Approved Refinancing Programme deploying the funding provided pro bono publico by The Queen, ‘in the interests of the whole of humanity’.

OBAMA WANTS TRANSPARENCY AND THE RULE OF LAW: HIS PERSONNEL DISAGREE
Contrary to the knee-jerk opinions of the usual jaded American cynics, President Barack Obama is not ‘Clinton with a brown skin’. This highly intelligent former President of Harvard Law Review is genuinely interested in TRANSPARENCY and the RULE OF LAW, and he signalled as such with his early Executive Orders. Cynics would have their audiences believe that Obama is a fake, but we disagree. And it will emerge in due course that our assessment here is correct.

We know for a fact that both prior to and following his Inauguration, the President tried to insist upon implementation of the Group of Seven-Approved Refinancing Programme, which would generate TAXABLE REVENUE, in contrast to the intentions of the people surrounding him, who remain hell-bent on running the parallel system we wrote about in 2007, which generates DEBT.

Following the seizure of the ‘Safety Lock Boxes’ in London on 2nd June 2008, the stolen and other collateral held in the 7,000+ boxes which sustained the Fraudulent Finance operations run out of London and Birmingham (through the corrupt Bank of England’s back office presided over by Carl Daniels), was no longer available to sustain the illicit carousel and the interbank sector.

INSTEAD, INTERBANK LOANS WERE NOW FUNDED BY DRUG MONEY
On 25th January, Reuters reported that Antonio Maria Costa, the Executive Director of the Vienna-based United Nations Office on Drugs and Crime (UNODC) had stated, in an interview released by the Austrian weekly ‘Profil’, that it had indications that illicit drug-trafficking proceeds had been used to keep banks afloat when other sources of funding ran dry last year. Specifically:

‘In many instances, drug money is CURRENTLY the ONLY liquid investment capital. In the second half of 2008, liquidity was the banking system’s main problem and hence liquid capital became an important factor’.

His organisation had established that:

‘Interbank loans were funded by money that originated from drug trade and other illicit activities’. There were ‘signs that some banks were rescued that way’.

• FACT: The Editor has been monitoring the financial sector for 38 years. Although it is very clearly revealed in The New Underworld Order that the US Government is heavily engaged in drug trade operations, and that the drug money flows are a primary source of funding for mad and degenerate World Revolution activities generally, as you know not the slightest attention is taken, however tight the underlying research, to such assertions unless officially confirmed.

Here, for the first time in this Editor’s long experience, we have a top United Nations official going out of his way to reveal that his organisation found that interbank transactions in the second half of 2008 were being financed by drug money flows. AND STILL ARE.

Let’s stop here for a moment:

• FACT :
Banks that have handled flows of drug-trafficking proceeds in order to sustain their operations are CRIMINAL ENTERPRISES, which should be prosecuted for their crimes.

• If law enforcement was doing its job properly, it would need to contact all such institutions and get them to answer specific questions on this score. This would be a problem inter alia for Bank of America and Citibank, the two hitherto biggest CIA institutions, given that the Central Intelligence Agency is a notorious criminal enterprise that is heavily engaged in drug trafficking operations.
[see: The New Underworld Order].

Before a certain US intelligence operative double-crossed the Editor of this service and stole his $35,000 plus interest, he commented, on one occasion: ‘Don’t go after the drug people or they will kill you’. The Editor took careful note of this comment: so here was an arena which was taboo, out of bounds and which, as we now know from the foregoing confirmation by a top UN official, has been propping up the banks.

• This has been happening because other sources of cash dried up.

THE ‘LOCKDOWN’ OF $14 TRILLION EFFECTIVE 12TH SEPTEMBER 2008
With the seizure of the stolen and other collateral held in the 7,000+ seized ‘Safety Lock Boxes’ in Central London on 2nd June 2008, the next body-blow to the carousel was delivered, as previously reported by this service, on 12th September 2008. On that date, the $14.0 trillion of real cash-cash funds previously referenced by this service, were placed into ‘lockdown’. That was done because these LOAN and other earmarked funds were being deployed irregularly, once again, as the base money to finance the carousel and prop up the Ponzi derivatives operations.

Of the $14.0 trillion, $6.2 trillion had been provided by the goodwill of The Queen in response to the Group of Seven Financial Powers’ wish that the decadent US dollar system needs urgently to be re-based, refunded and provided with a means whereby actual taxable REVENUE is generated in the private sector on a scale commensurate with the enormity of the task.

This was to be done by means of new capital markets operations OUTSIDE THE U.S. TREASURY, with THE CRUCIAL DIFFERENCE compared with what has been going on during the past two+ decades, that this activity will be taxed, TRANSPARENT and consistent with the RULE OF LAW which President Barack Obama has correctly identified as the desired hallmark of his Presidency.

‘STATE WITHIN THE STATE’ JEALOUS OF ITS FRAUDULENT FINANCE
But the operatives surrounding him (placed there by the jealous ‘State within the State’ Intelligence Power that controls the Federal Government) intend to CONTINUE WITH THEIR CORRUPT OFF-BALANCE SHEET FRAUDULENT FINANCE OPERATIONS.

As indicated above, the underlying reason for this is that the ‘State within the State’, the corrupt and over-powerful drug-running intelligence community, FINANCES ITS EVIL OPERATIONS OFF-BALANCE SHEET, having become wholly independent of Congress for finance, for many years.

This does not, of course, prevent it from indenting every year for billions of dollars from the Congress and the US taxpayer, even though it actually needs NO MONEY FROM THE TAXPAYER because it has perfected all these Fraudulent Finance Ponzi schemes whereby money is stolen on a prodigious scale, and leveraged and hypothecated to generate vast hidden and untaxed accruals that are routinely stashed in offshore bank accounts of spurious corporations ostensibly owned by intelligence operatives who by definition are liars and deceivers.

So, what the global crisis is really all about is the fear of the petrified CIA that its free-wheeling ‘State within the State’ power is in danger of being pulled. As it should be.

• Indeed, we repeat here what we have said elsewhere: NOTHING can go right in the United States until this corrupt ‘State within the State’ is cut down to size, even though this was not the original objective of the G-7 Financial Powers. Their purpose was to revalidate TRANSPARENCY.

Because, when the intended on-balance-sheet REVENUE-producing capital markets operations start up, the cash-cash generated by such operations will of course be REAL MONEY, and as we all know from school, GOOD MONEY PUSHES OUT BAD.

Accordingly, a vicious rearguard operation is observable, perpetrated by Utah, Bank of America, Citibank, probably also the Vatican, and other ‘Black’ Fraudulent Finance kingdoms, counterparties and ‘commitment holders’, to ensure that the Ponzi-model Fraudulent Finance operations continue on a more comprehensive and destructive scale than ever before.

FLURRY OF ACTIVITY TO PRESERVE FRAUDULENT FINANCE PONZI OPS
As indicated above, we understand that frenetic attempts are therefore being made at this time to plaster the ‘marketplace’ of counterparties and prospective ‘commitment holders’ with proliferating new ‘investment opportunities’ that fly in the face of the logic and imperative of the Private Sector Capital Markets Refunding Programme – the apparent intent being to smother the ‘argument’ and to ‘preserve’ Fraudulent Finance into the future ‘because it cannot be stopped’ as so many parties are involved in it. The Geithner Treasury evidently intends to ‘validate’ such a presumption.

Actually, it is precisely because so many parties have got their fingers burned that those parties that stand to lose most from the inevitable eventual total CLOSURE of the Fraudulent Finance epidemic, whether as a consequence of an unprecedented calamity or by enforced agreement, are trying to blanket the world with Ponzi offers, AS THOUGH THERE’S BEEN NO DISCONTINUITY.

But there HAS been a discontinuity, as President Obama understands. Unfortunately, those who surround him have so far given every indication that THEY DO NOT UNDERSTAND THAT THERE HAS BEEN A DECISIVE DISCONTINUITY and that the ‘State within the State’s’ Ponzi operations have been exposed and cannot be reconstituted as before with impunity.

IF THEY THINK A TRADE-OFF IS POSSIBLE, IT WILL SOON BE WHEELBARROW TIME

HOW THE INTELLIGENCE POWER MAY BE CONTROLLING THIS PRESIDENT
The subtle serpent called the Intelligence Power (which, by the way, has been ‘explaining’ to our gullible British newspaper readers why ‘extraordinary rendition’ has to continue, the pretext being that ‘you have to retain some tools to entrap those bad guys’), has seen to it that the United States has an engaging President with two young children whom he adores. That’s all that the Intelligence Power ever needed. And here’s why.

During the early years of the Editor’s background research, one of his US contacts (who filed daily reports to the CIA about the Editor’s enquiries) pointed out that ‘they target the children’. And that is true. These devils target innocent children, for paedophilia and especially, in this context, for control purposes. They don’t even need to hint at a threat, because this method is so well known within these demented circles, both inside and beyond the Beltway. Therefore, they instal a young President with two young children, and proceed, thereafter, to do almost exactly as they please.

INTELLIGENCE POWER DEVALUING THE PRESIDENT’S TRANSPARENCY DRIVE
If you are a totally jaded American cynic you will long since have concluded that Barack Obama is himself part of the problem. This is understandable in view of the charlatans who have held office since President Carter, but in our considered assessment, the jaded view is INCORRECT.

This is born out by what we know about the President’s reaction when the Bush Crime Family tried to bribe him on 10th November 2008, and the President’s requirements and Executive Orders, and about his relations with President Nicolas Sarkozy of France, with whom he has reportedly been co-operating closely in a joint offensive to end the intolerable sabotage of the Private Sector Capital Markets Refunding and the Settlements payments by those forces, partly identified above, who may have refused to accept that there has indeed been a decisive discontinuity, that their playtime is over, and that they have run out of rope.

Because we knew some of this earlier, we used the crude metaphor of it being unclear whether the United States and the Rest of the World, having jumped out of the Bush frying pan, was or was not about to fall headlong into the fire. Right now, we would extend that metaphor by elaborating that having hovered in mid-air for many weeks, we are now tumbling towards the fire but haven’t yet actually fallen into it. An invisible hand appears to be preserving us from that grim fate, but if the Geithner Treasury has its way, it will be removed.

If the invisible hand (i.e., common sense) is withdrawn, irrespective of the hype surrounding the prospective launch of the biggest Ponzi scheme in history, a number of VERY LARGE PONZI-MODEL FRAUDULENT FINANCE SPECIALIST INSTITUTIONS will collapse with such suddenness and with such horrendous consequences that there will be NOTHING any government, let alone the redundant and slow-moving European Union COLLECTIVE, can possibly do about it.

• IN THAT EVENT, ALL INTERNATIONAL RELATIONSHIPS, GLOBALISM, THE WORLD TRADING SYSTEM, BILATERAL RELATIONS, THE INTERNATIONAL MONETARY SYSTEM, INTERBANK OPERATIONS AND EVEN INTERNATIONAL COMMUNICATIONS WILL BE JEOPARDISED AND PROBABLY DESTROYED.

• ALL MULTILATERAL INSTITUTIONS WILL CEASE TO BE ‘RELEVANT’.

• It will then be time for our orchard’s wasted apples to be gathered every year, instead of us all buying imported apples, which is absolute nonsense given that Britain grows beautiful apples.

• All factories reliant on ‘just-in-time’ inventory control will fold because they won’t be able to import urgently needed spare parts for their production lines.

Und so wieter. A report showing IN GREAT DETAIL that ‘High-Yield Investment Programs’ are Ponzi scams is in preparation and will be published on this website at an appropriate stage quite soon. The Geithner Treasury development has intervened, so the information we were intending to publish on this subject in this report, is having to be held over for the time being.

• POSTSCRIPT: ‘THE FILLING IN THE HOLES’ LIE
In 2006 and 2007, as the Ponzi scamming operatives in the White House, at the US Treasury and elsewhere continued their corrupt behaviour, one of the ‘lines’ fed to us by US sources was that the Settlements were being held up ’while they fill huge holes in the accounts‘. This was another typical piece of duplicitous misinformation. Taken literally, the statement was not untrue. But the sense was deliberately misleading. For what was meant, of course, was that the ‘holes’ that needed to be filled were payments to unwitting participants in the Ponzi chain.

• We recall the identities of all those who fed this particular lie to us.

• INTERVENTION ON SUNDAY 8TH FEBRUARY BY MR LAWRENCE SUMMERS:

Following the ‘pulse’ stealing of the critical text and diagram from our main production computer on Thursday 5th February [see above], and given that transcripts of our telephone conversations are sent to the White House, the facts that we were about to publish an issue of International Currency Review exposing the derivatives Ponzi-model carousel as fraudulent, and that we were also going to publish the present report publicising this fact, became known ‘by the people who matter in Washington’, to coin a phrase.

In other words, these policymakers realised that we were about to trash their trash instruments, which wouldn’t be in accordance with their preferences, given that we have been told that this website is read all over the world ‘in places where it matters’, to coin another phrase.

The first sign of a possible last-minute change of heart was publicised when Bloomberg reported at 10:15 EST on Sunday that Geithner would be speaking about the Obama Administration’s bailout plan on Tuesday 10th February, NOT 9th February as stated by CNBC at 3.15pm EST 6th February.

But in fact it appears that Mr Lawrence Summers, Director of the National Economic Council, was ordered to appear on ABC’s ‘This Week’ Program in order to spike THIS WEBSITE POSTING. You can see that this may have been the case by reading the full Bloomberg report of 8th February:

GEITHNER TO SPEAK FEB 10 ON BANK BAILOUT, SUMMERS SAYS

By Ann Hughey

Feb. 8 (Bloomberg) — Treasury Secretary Timothy Geithner will speak about the Obama Administration’s bank bailout plan on Feb. 10, Lawrence Summers, director of the National Economic Council, said on ABC’s “This Week” program.

Geithner had been scheduled to speak on the plan tomorrow.

“I think there’s a desire to keep the focus right now on the economic recovery program, which is so very, very important”, Summers said on the program.

“The focus is going to be on increasing the flow of credit and doing it with transparency, with accountability for those who receive support, and with a kind of consistency that, frankly, we haven’t seen so far”.

Last Updated: February 8, 2009 10:15 EST

WELL, WELL, WELL.

Transparency? Accountability? Consistency? Let the whole world see it, please.

LIST OF U.S. STATUTES, SECURITIES REGULATIONS AND LEGAL PRINCIPLES OF WHICH THE CRIMINALISTS, ASSOCIATES AND ALL THE MAIN FINANCIAL INSTITUTIONS REMAIN IN BREACH:

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:

THEFT BY DECEPTION:

• “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:

• “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’.

U.S. SECURITIES REGULATIONS OF WHICH INSTITUTIONS
HAVE BEEN SHOWN TO BE IN BREACH [SEE REPORTS]:

• 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.

U.S. LAWS ROUTINELY BREACHED BY THE CRIMINAL OPERATIVES AND INSTITUTIONS:

• 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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