Monday 30 March 2009 00:00













• 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. Our list is the easiest to load and clearest of the lists that have been reproduced privately on the Internet.

• We have just published: International Currency Review Volume 34, #2 on Systemic Fraudulent Finance and The Legalisation of Financial Corruption. Also just published are issues of our titles Economic Intelligence Review, London Currency Report, Interest Rate Service and Arab-Asian Affairs. For further details, please check the second white panel on the Home Page.

• 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 well 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 contemporary Russian eyewitness Sergei Melgounov, another Edward Harle Limited book available direct from this website.

• ADVERTISEMENT: Details of the Internet Security Solution software offered by this service in conjunction with a donation are appended at the very foot of this report, below the legal data. See also the catalogue by clicking on World Reports Limited and scrolling down to the bottom.

• DONATIONS: You can help finance these exposures (which the Editor has to prepare on top of his normal publishing responsibilities) by sending us a donation. Press Make a Donation, which is live, and it takes you straight to our ultra-safe ordering system, which accepts Visa and MasterCard.

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.

• The CONTACT US facility is found in the red box throughout this combined website.


Given the importance of all this text, we reappend the entire portion that was snipped, and have also restored the ‘snipped’ text on the original report dated 26th March. If it is illegally ‘snipped’ again, we will retore it again. Interfering with a ‘foreign’ website is illegal.

This latest aberration shows with CRYSTAL CLARITY that what we are saying is ACCURATE: witness the fact, which is alluded to below the restored ‘snipped’ text, that current pre-G-20 coverage in the ‘mainstream’ media in both London and New York is discussing every nuance under the solar system with the single exception of the ONLY ISSUE THAT MATTERS: namely, the perverse intention to restore the Fraudulent Finance Ponzi fraudulent trading operations so that the greedy US ‘State within the State’ Intelligence Power that controls the Federal Government can continue its secret offshore financing operations so as to retain its power contrary to the interests of the American people and the Rest of the World.

• The text ‘snipped’ from the 26th March 2009 report is given immediately below. When our text is ‘snipped’, we have IMMEDIATE confirmation that it’s accurate (which we don’t need to be told, or we wouldn’t have posted it in the first place). If the text had been inaccurate, the CIA/NSA would be delighted because we would be contributing to the fog of confusion that they sponsor in order to be able to continue with their corrupt and fraudulent activities unexposed. So these people are in serious need of brain surgery: when they ‘snip’, they reconfirm the accuracy of what they ‘snipped’.

• We were advised of the criminal ‘snipping’ by phone and a number of emails. Sample comment from one US correspondent advising us of the ‘snipping’:

‘As always, we in the United States appreciate and rely on your reports, for we can get nothing from our brainwashed and controlled media’.

‘All intelligent persons in the United States are outraged at the actions of this criminal clique of hardened criminals who have taken over our democracy. This is NOT what we voted for in November of last year’. Email received from a US address: 29th March 2009: 14:01:05.


With the Lombard Odier-wrapped illicit derivatives trading programme in full swing and being showered with what ‘new money’ the crooks have been able to generate and steal, the criminal official intention is to rebuild the broken derivatives sector, with the assistance of ‘bought and paid for’ corrupt hedge fund operators and money managers (not all of whom are professional sheisters obviously), and to keep the carousel going and building, fed with new money filched from gullible investors, whether borrowed on permissive terms from the Federal Reserve or not, with a view to making the entire derivatives mountain of around $700 trillion (excluding double-counting) ‘whole’ – notwithstanding the reality that hardly any of these derivatives ‘Structured Products’ contain ANY real value at all, since almost all of them are NON-RECOURSE.

This is all explained in the latest issue of International Currency Review, and also in Economic Intelligence Review [see second white panel], as well as in the four-page leaflet containing the three main charts which is being distributed in Washington, DC, and elsewhere.

All that our latest subscriber printed materials do is to point out the stark reality of the fact that these false constructs (derivatives) are by definition totally fraudulent and devoid of value, so that retrospective attempts sponsored by the demented US Government to pass off that they contain value represents a massive, unprecedented fraud on the US taxpayer and future generations of Americans, while at the same time:

• Guaranteeing the accumulation of new mountains of debt arising from the Federal Reserve’s outrageous lending for speculative purposes; and:

• Guaranteeing a hyperinflation. Pundits are now suggesting that this phenomenon will emerge in several years’ time. The Editor’s view is that the choices made by the new bunch of fantasists in charge in Washington are so extreme, So damaging, so wrong-headed and so destabilising, that the hyperinflationary pressures will become apparent much sooner than that – WITHOUT delivering any ‘beneficial’ impact to the ‘real’ economy in the interim.

The decisions made since Obama took office are SO perverse that one is tempted to join those who insist that this is all being done on purpose. The correct answer to such empty speculation is that we don’t know whether this is the case or not.

On the basis of the Christian knowledge that the devil is the author of all lies and confusion, the Editor’s view is that these operatives are wallowing in devilish confusion and have fallen prey to diversionary, self-defeating, complex, elaborate ‘whizz-kid’, knee-jerk ‘solutions’ in a desperate bid to ‘resolve’ the colossal problem created by the corrupted money center banks themselves, which were indulging, until mid-September 2008, in unproductive, illicit, off-balance sheet speculative activity on a scale with no historical precedent.

That suggests that if it had not been for such wasteful,unproductive, untaxed, off-balance sheet speculation, many of the banks in question would be surplus to requirements.

According to Story’s First Law, ‘all organisations are run for the benefit of those who are running the organisation’. This, of course, explains why, deprived of the toys that they were playing with, the banks went on strike and have been hoarding and stealing funds ever since – precisely with a view to restarting the speculative, win-win Ponzi Fraudulent Finance that they were wallowing in prior to mid-September 2008, instead of focusing primarily on lubricating the real economy.

The smarter solution would have been to allow more than just Lehman Brothers to go to the wall. Wall Street, where the wall is, is supposed to believe in free markets, with no participant being subsidised at the expense of other participants. The new, decadent, twist is that all the relevant participants can have their corporate snouts in the trough, and to hell with the hyperinflationary consequences. The Wall Street institutions and the satellite hedge funds and other intermediaries, along with the banks, are all being subsidized AT THE EXPENSE OF THE REAL ECONOMY.

• It’s called a banker’s ramp.

And to cover all this up, the United States is now governed by a man who takes his cue from Fidel Castro and President Chavez. He thinks his gift of the gab can be relied upon somehow to save him from the devastating and very rapidly approaching adverse consequences of his perverse, wrong-headed decisions, which are holding up the recovery of the Rest of the World.

And he is using this gift of the gab to LIE to the American people that this is all about reviving the real economy, when it isn’t. It’s all about reviving the fraudulent derivatives sector carousel.


The previously reported theft of the $12.8 billion was orchestrated to achieve three objectives at the same time:

• To dissolve the multi-billion dollar claims and Court Order related to CMKM et al, and to make it clear that the CMKM Attorney(s) have signed the appropriate documentation to secure the funds held at the Depositary Trust Clearing Corporation under Court Order, and STEAL THE MONEY.

• To satisfy the ‘Payee’ et al, by authorising and signing a Presidential Executive Order (15th January 2009) – thereby circumventing public disclosure (and possible physical threat when George W. Bush was no longer President of the United States) and STEAL THE MONEY.

• To STEAL the $12.8 billion via Presidential Order/Court Claim – and funds sitting under the control of the DTCC – with the intent to send the money to Carlyle et al., without any repercussions – via Bank of America, Tyler, Texas, and then to Canada.

Some time ago we reported that Lord Myners, the City (of London) Minister in the Gordon Brown Government, had publicly suggested that City bankers engaged in Fraudulent Finance should be prosecuted. We then received a prompt message to the effect that ‘they’ would be grateful if we did not ‘go on about this’. There was no explanation, as usual.

It has since emerged that Lord Myners, who was selected to head up the British Government’s investigation into tax havens, chaired a hedge fund group operating through Jersey, Channel Islands. Jersey is used by fund managers to keep profits offshore so as to avoid British tax.

Before becoming a Government Minister, Lord Myners was appointed to head a company that took over Liberty Ermitage Jersey, controlling investments worth about $2.0 billion. Myners made his fortune with Gartmore, a prominent City fund management outfit, the Jersey, C.I., offshoot of which handled millions of pounds for more than 4,100 overseas investors.

Lord Myners was also involved with Aspen Re, a reinsurance firm located in Bermuda, thereby saving large sums in tax annually. A UK Treasury spokesman said on 23rd March:

‘All of his past business roles are a matter of public record and he has made a full declaration of the interests. The experience he brings continues to be hugely valuable to the Government at a time when we are working to restore and rebuild the banking sector’.

In other words, the British Government is relying, in part, on the toxic experience of a hedge fund manager, familiar with the Fraudulent Finance sector of course, to advise them on how to REBUILD the banking sector which has been devastated by its indulgence in Fraudulent Finance.

Maybe when he called for British bankers who have been engaged in Fraudulent Finance to be prosecuted, he was going too far for the likes of certain interests. It is normally the case that these people reinvent themselves as ‘whiter than white’ (‘Blankfeinism’), but it would appear that Lord Myners’ linen might not necessarily emerge gleaming white from the wash.

Observations from The New York Times on the latest instalment of ‘Geithnerism’ [25th March 2009]:

• Can banks that received Government bailouts use taxpayer money to bid on toxic assets, in the hope of making a profit? [Correct answer: NO – Ed.].

• Can banks sell some assets and then use the proceeds, leveraged by generous Government financing, to buy more of the same? [Correct answer: NO – Ed.].

• Might investment houses be tempted to overpay, if doing this buoys up the value of their own investments? [TARP provides for an Oversight Review Committee with clawback powers to compel restitution if too much is paid. This explains why Goldman Sachs is rushing to pay back the billions it received from the Government so that it is not bound by the TARP restrictions. No-one is asking about ‘source of funds’: whence the Goldman billions for repaying the Government? – Ed.].

• In the end, it will be the taxpayer who will be largely footing the bill.
[Not ‘in the end’: straight away – Ed.].

• Joseph E. Stiglitz, a Nobel Prize-winning economist, in an interview with Reuters, called the program “very badly flawed” and said it offered “perverse incentives” that amounted to “robbery of the American people”. [Couldn’t have said it better ourselves – Ed.].

• Bert Ely, a prominent banking consultant, said investors would be cautious because many crucial details were still missing – the size and terms of loans they would receive from the Federal Deposit Insurance Corporation, for example, and the amount of equity they would be allowed to put in, and whether banks would be allowed to walk away if they did not like the price at auction. “Today we know a lot more than we did yesterday, right?” Mr Ely said. “I’m being facetious!”.

• Many questioned the auction mechanism to sell toxic assets off from banks’ balance sheets. Price, most experts agree, is the biggest sticking point. The banks want to sell high. Potential investors want to buy low. [There is STILL no indication of how the fake ‘assets’ that are to be bought initially, will be priced – Ed.].

• Banking executives said that that their institutions would not want to unload ‘assets’ at fire-sale prices, a step that would compel many of the banks to raise sizeable amounts of additional capital. [Even though ‘fire-sale’ prices would be much too expensive given that the assets are fraudulent to begin with and therefore worth $0. $0 + $0 = $0, usually – Ed.].

• Under the accounting rules, banks must carry securities on their books at market prices. Most financial firms have already marked down these ‘assets’ to prices that might be low enough to lure buyers. But banks need not carry ordinary loans at market value. Instead, they are allowed to hold them at their higher values until they are repaid. So, for many commercial banks, selling loans now, at distressed prices would almost certainly lead to large losses. Such losses might raise questions about how some banks will fare in a so-called stress test that Federal regulators are in the process of applying to about 20 lenders.

“I don’t see how they are going to get the banks to sell”, said an executive at a large bank.
There are going to be substantial write-downs taken to get them off the books”.
[In other words, ‘Geithnerism’ CHANGES NOTHING. It doesn’t ‘amend reality’].

After the Chinese parties had made the grave mistake of caving in to cynical pressure from the US authorities to participate in the latest instalment of ‘Geithnerism’, the Chinese would presumably have indicated their willingness for some of their funds to be used to purchase ‘toxic’ assets. The banks would have said: ‘But at what price?’ The Chinese would have responded: ‘Well if you don’t know the start-up buying price, we want our money back’. At which point the banks said: NO WAY.

APPENDIX TWO [excerpted from the report dated 24th March 2009]:

Her Majesty: Good morning, Mr President, how very nice to meet you.

President Obama: It’s a pleasure to be here, Your Majesty.

HMQ: Mr President, I was concerned to hear about a small matter of $52 billion of my guarantees that apparently went missing recently.

PO: I understand that these were restored, M’am.

HMQ: Yes, but why were the guarantees diverted or stolen in the first place? Were any of my guarantees used for purposes for which they were not intended?

PO: I don’t know M’am. I imagine not.

HMQ: Mr President, you are aware, are you not, that after my LOAN funds within a total amount of $6.2 trillion languished within your banking system within the Treasury Custodial Account network at several money center banks for 19 months, to no avail, I was compelled, on 29th January 2009, to order the withdrawal of these funds, which were made available via the Bank of England on 19th-20th June 2007 to finance the Group of Seven-Approved Dollar System Refunding Programme by means of transparent private market trading transactions?

PO: I am, M’am.

HMQ: Mr President, are you aware of the REASON that I had to order these funds to be withdrawn?

PO: Not entirely, Your Majesty. Please explain.

HMQ: Mr President, when you toured European countries last year, you signed documents in which, I understand, you pledged to release all the blocked or hijacked funds and to proceed, if I am not mistaken, with the G-7-Approved private sector Refunding Programme. I had been led to believe that, in the light of your undertakings, you would indeed honour your commitments.

PO: My advisers decided that I should adopt alternative strategies, I am afraid.

HMQ: But Mr President, a signed commitment is a signed commitment, you know! Furthermore, my own expert advisers inform me that the ‘alternative strategies’ that your officials have adopted are designed to revalidate and revalue fundamentally worthless false derivative ‘assets’ while at the same time accumulating vast new mountains of real debt with which generations of Americans will be burdened in the future – a state of affairs which could have been entirely avoided if you had implemented the Group of Seven-Approved Dollar System private sector Refunding Programme for which I provided the necessary funds on LOAN, and which you undertook to do last year.

PO: Unfortunately, M’am, I was advised that our banks would not be prepared to cooperate in the proposed G-7-Approved private sector Refunding Programme.

HMQ: But Mr President, you carry the privilege of being the most powerful human being on earth! You have the power to insist upon the implementation of what was agreed by the world’s leading financial powers in 2007 and 2008! In addition, I made available a very large sum of money pro bono publico on a LOAN basis to finance this project, which I told the Group of Seven powers in 2007 was necessary ‘for the sake of the whole of humanity’. Moreover the Group of Seven-Approved private sector Refunding Plan would have cost the US Treasury NOTHING, while showering it with windfall tax revenues for a long time to come! What on earth persuaded you to disregard this very simple and straightforward solution to your problems, which are OUR problems, too?

PO: Uh, I hear what you say, M’am. It looks as though the various patchwork schemes developed by Timothy Geithner are going nowhere anyway. I’ll reconsider the situation.

HMQ: Ah, but Mr President, as you know my LOAN funds were withdrawn on 29th January after it had become clear that your Administration was not about to honour its undertakings in this regard. I am advised that there is now a proposal that the G-7-Approved Refunding Programme should be run out of London. Very conveniently, there is a provision in British tax law whereby funds that are resident within the British jurisdiction for 24 hours, are taxable.

My Government finds it most attractive that windfall tax accruals should arise from such ongoing, transparent on-the-books trading activity. Of course, since the Refunding Programme will remain an American private sector operation, your Treasury will likewise receive immense ongoing accruals from tax. So, by running the transparent private sector Refunding Programme from London, we will be able to help you, after all. Don’t you think the daffodils in my garden are gorgeous this year?

PO (looking out of the Palace window at the magnificent display of British daffodils): Yes, Your Majesty, they are gorgeous. Don’t you think so, Michelle?

• ALSO snipped was the standard legal data that we have been publishing for the past 48 months and more, which gets up their craw, too. The standard text of the Legal Notes is found below.


On 20th March 2009, The Guardian plastered its front page with a report in which it revealed some outline details about the scandal involving Barclays Bank’s secret routine use of tax havens, when of course the ordinary taxpayer is precluded from doing so without disclosing such usage to the UK tax authorities. In its lead report, The Guardian stated that Barclays’ schemes:

‘… are similar to those detailed in documents published by The Guardian this week which have been the centre of a three-day hearing at the High Court, and are the subject of a gagging order’.

The British newspaper’s report continued:

‘The internal Barclays memos were leaked by a mole to the Liberal Democrats. The new allegations reiterate claims that the bank’s main purpose in entering into these schemes was to make profits from tax avoidance through an intricate circuit of offshore Cayman Islands and Luxembourg-based companies. The profits are said to be enormous and the deals so complex that HM Revenue and Customs (HMRC) struggles to unravel them’.

‘Barclays has vigorously denied the claims and earlier this week won an emergency injunction forcing The Guardian to remove internal bank documents from its website. A Judge confirmed the ban, saying the documents contained confidential commercial information and legal advice’.

‘The Guardian is also banned from giving information about other publicly accessible sources of copies of the documents’.

• FACT: Barclays Bank, one of the most egregious Fraudulent Finance institutions in Britain, is said to be in negotiation with the UK Treasury to secure insurance money which will burden all British taxpayers for years to come, from the Government, to protect it against huge losses arising from its own Fraudulent Finance operations. The Guardian pointed out that ‘pressure has been mounting on banks to unwind tax avoidance schemes when they are taking money from the public’.

‘Royal Bank of Scotland, in which UK taxpayers own 70% of the shares, has since disbanded its department responsible for creating tax avoidance schemes’.

‘Sources with detailed knowledge of the Structured Capital Markets division of Barclays told The Guardian yesterday that its main purpose was to make profits from tax trades’.

‘Every single thing SCM does is a tax trade’, said one. ‘The deals start with tax and then commercial purpose is added to them’. The newspaper’s report elaborated:

‘The sources painted a picture of a brutally competitive environment at SCM, source of a major part of Barclays’ past profits. One describes high-rolling poker games, abrupt sackings and the use of a ‘motivation game’ in which an executive was strapped into a mock electric chair’.

• In other words, exactly the kind of behaviour that you would expect from a fully-paid-up ‘Black’ institution serving the interests of the Forces of Outer Darkness.

Before reporting the sequel to The Guardian’s revelations below, the following open information listing the offshore entities of well-known US Fraudulent Finance institutions is pertinent here:

• A,I.G.: Last time we checked: 728 subsidiaries in offshore centres.

• Bank of America: 59 subsidiaries in the Cayman Islands.

• Citigroup: 427 subsidiaries: 21 in Jersey, 91 in Luxembourg, 19 in Bermuda, 158 in the Caymans.

• Countrywide Financial: Two subsidiaries in Guernsey.

• Goldman Sachs Group: Three subsidiaries in Bermuda, Five in Mauritius, 15 in the Caymans.

• Lehman Brothers: 31 subsidiaries in the Cayman Islands.

• News Corporation (Rupert Murdoch): 33 subsidiaries in the Cayman Islands. Others known.

• Wachovia: 18 Subsidiaries in Bermuda, three in the British Virgin Islands, 16 in the Caymans.

On Thursday 26th March, the Liberal Democrats’ Treasury spokesman, Lord Oakshott, delivered a broadside against the Prime Minister, Gordon Brown, and the secretive activities of Barclays Bank Plc – thus highlighting, for global public consumption, the DOUBLE STANDARDS that bedevil the panicking official classes as the unravelling of the Fraudulent Finance giga-scandal threatens to swamp the overhyped Group of Twenty meeting in London on 2nd April, when the leaders of 20 powers with competing agendas and bitter rivalries and resentments over US official corruption, are supposed to be producing a formula for stabilisation in the course of meetings lasting precisely four and a half hours. There is no way this meeting can deliver without the release of the hijacked Settlements and termination of the banditry by US banks and authorities partly reported here.

Nor can any global recovery take place without the G-7-Approved private sector Dollar Refunding Programme yielding REVENUE as opposed to the convoluted, scatterbrained ‘solutions’ devised by the Geithner Treasury to rekindle the dead derivatives sector which was dealt a motal blow by the events of 10th-12th September 2008, as also reported by this website and in our services.

Lord Oakshott used parliamentary privilege to say what newspapers have been banned from saying by a Court injunction won by Barclays.

The media is, however, allowed to report his speech, which this and other services are now doing.

In the 26th March debate in the House of Lords on tax evasion, Lord Oakeshott said:

‘Tax havens are sunny places for shady people’.

‘No one sends their money to Monaco or the Cayman Islands because they are centres of excellence for fund management’.

‘From Antigua to Belize, you use a tax haven because you have something to hide, be it from the taxman, the authorities where you live or even your family’.

‘ “Low tax and low disclosure” is the polite way in which the apologists for tax havens put it, but if you are Mobutu or Mugabe, Mrs Imelda Marcos or a Colombian with a big briefcase, a brass-plate
company in an anonymous office block means that your millions leave no trace and tell no tales’.

‘Gordon Brown is strutting the world’s stage as Mr Clean-up, the man to make tax havens and tax dodgers quake in their boots’.

‘OH YEAH? – Why then did the [British] Treasury say only yesterday that the asset protection scheme for banks to dump their bad debts on the taxpayer and the code of practice covering tax avoidance for the banking sector due next month, are “separate issues”?’

‘That is the most unjoined-up government imaginable’.

‘Why has the budget of HM Revenue and Customs’ hard-pressed tax avoidance team, led by
Mr Tailby, been cut by five per cent from 6th April?’

‘Barclays will be laughing all the way to the Cayman Islands. Our taxmen are like fat policemen running after a speeding Ferrari; they need all the help that they can get’.

‘We all rejoice at the sinner who repenteth, but this is the same Gordon Brown who as Chancellor cuddled up to the bankers so hard that it hurt and who showed no interest in taxing or regulating hedge funds registered in the Cayman Islands and run by non-doms in Mayfair, or the private equity millionaires with their absurdly generous special tax breaks. . .’ .

‘Why will the Prime Minister and the Treasury not use their power over the banks to stamp out tax abuse right under their nose in London?’

‘You do not have to take a Caribbean cruise; all you have to do is get on a boat down the Thames to Canary Wharf. . .’.

‘Nearly-nationalised Royal Bank of Scotland (RBS) claims to have closed down its tax avoidance
operations at Head Office but still actively promotes its operations in offshore tax havens and via its private bank in Switzerland’.

‘Barclays has developed tax avoidance into a massive profit centre in its own right, with vast sums of the bank’s money touring tax havens on what in one case amounts almost to a three-day super saver return ticket from Canary Wharf, saving Barclays, not the taxpayer, mountains of tax’.

‘Documents leaked to the Liberal Democrats, which appear to detail systematic tax avoidance on a grand scale by Barclays, were injuncted last week’.

‘The Sunday Times and The Guardian had already made them front-page news and these documents are widely available on the internet from sites such as Twitter, wikileaks.org, docstoc.com and gabbr.com.

‘The Guardian had to remove them from its website and cannot tell its readers where to find them’.

‘These documents describe deals worth billions of pounds set up by Barclays Bank in order to make money out of depriving the UK and foreign exchequers of revenue’.

‘Barclays would not last for one minute without the British taxpayer standing behind it, yet it is holding out one hand for taxpayers’ money while it picks taxpayers’ pockets with tax avoidance activities on the other’.

‘Unlike Barclays, HM Revenue and Customs cannot match the best tax and legal brains that money can buy and unpick these deals’.

‘It is a sad day for democracy if a Judge sitting in secret can stifle this essential public debate’.

‘Louis Blom-Cooper and three distinguished colleagues wrote to The Guardian:

“Barclays may properly be regarded as an operator in the private sector, but its corporate status, carrying with it all the advantages that incorporation confers on the institution, and performing a function so vital to the country’s economy, was such that Mr Justice Blake should have concluded that Barclays Bank was akin to that of a public authority and susceptible to the precepts of public sector activity. Perhaps the Court of Appeal will exhibit rather more boldness in supporting the Guardian’s valuable crusade against tax avoidance”.

‘Vince Cable [the Liberal Democrats’ Treasury spokesman in the House of Commons] has done his duty and sent all these documents to HMRC and the Financial Services Authority’.

‘I believe that it is my duty today to tell, as I just have, Parliament about Barclays’ tax avoidance machine with its aggressive exploitation of tax havens and to tell the public, in their own interest, where they can get chapter and verse and judge [this matter] for themselves’.

‘Barclays has a whole department, the Structured Capital Markets division, inside Barclays Capital, dedicated to dodging the taxman, and has been reported as paying Mr Roger Jenkins, who runs it, £40 million a year’.

‘Vince Cable and I are now being told of more, even murkier, deals. About a third of a billion pounds has been added to Barclays Bank’s bottom line by the following six “projects”, from what we see:’

• ‘Barclays’ Project Knight, set up in 2007, with capital of more than $16 billion, involved making loans to American banks needing Federal funding: Wachovia, WaMu, Bank of America, BB&T.

‘This allowed Barclays to benefit from “double-dip” tax credits, as they are called, and made the bank £100 million or more’.

• ‘Project Faber, also in 2007, involved capital of £1.5 billion and made Barclays £29 million in tax profits [according to our information]’.

‘That involved using tax havens in the Isle of Man and the Caymans for subsidiaries to channel loans to Luxembourg banks’.

• ‘Project Brontos in 2007 was a scheme between Barclays and Italian banks to save Italian tax; it made Barclays £15 million in profits at a conservative estimate’.

• ‘Project Valiha, with capital of nearly £400 million, involved an elaborate trade with interest rate swaps that could be transferred to an American counterparty, alleged to be A.I.G., which gained Barclays £69 million in tax-free profits’.

• ‘Project Brazil, set up in 2005-06, made Barclays £30 million in tax profits from currency trades.

• ‘Project Berry: a Barclays subsidiary buys index-linked gilts and lends them back to Barclays so that it can collect tax reliefs worth £134 million’.

‘How many more of those morbid mutants are on the books of Barclays’ Structured Capital Markets?
‘Before the Treasury takes on any of the toxic assets of Barclays, we must know how much tax it has avoided, how and with whom, and what has passed through or is still hidden in tax havens. . .’ .

No G-20 ‘agreement’ that omits a comprehensive, permanent global ban on Fraudulent Finance will make any sense or can be expected to yield the appropriate results, although if the releases have been done by the end of the 72-hour (Swift) window expiring at the end of March, the G-20 may be able to make an announcement referencing some formula implying the availability of new liquidity.

• However even THAT is a problem because given the background of endless lies and deceit, and in the absence of consensus on CLOSING DOWN FRAUDULENT FINANCE, none of the participants will make any reference to SOURCE OF FUNDS, and nor will the G-20 press statement.

Contemplating the list of highest-level participants, it boggles the mind that the confused British Government can have seriously believed that these people could possibly expect to reach any lasting, properly grounded consensus: which is why Gordon Brown stamped out a huge ‘carbon footprint’ and careered round the world to browbeat foreigners into ‘forging a consensus’ ahead of this meeting which London is rightly terrified will be a gigantic flop. When he got back, exhausted, he briefed the press in Downing Street on Saturday about the forthcoming G-20 meeting, costing £4 million an hour which, as previously noted, has been exiled: to the far-away London ExCel Centre, which is squeezing the meeting that is meant to save the whole world from a depression worse than the 1920s, between London International Dive Show and MillionaireMind Intensive UK Live.

• Principal participants at the G-20 meeting, with their hang-ups, are as follows:

• Argentina: Cristina Fernandez de Kirchner, 56: Focused on new secret trading ops. with US.

• Australia: Kevin Rudd, 51: Guardian of huge secret US installations near Alice Springs.

• Brazil: Luiz Inácio Lula da Silva, 63: Focused on new secret trading ops. with Americans.

• Canada: Stephen Harper, 49: Guardian of huge corrupt US deposits at Canadian banks.

• China: Hu Jintao, 66: Livid about US double-cross over the $13 trillion and other US scams.

• Czech Republic [EU Presidency]: Mirek Topolanek, 52: Says Obama’s policies = ‘road to hell’.

• France: Nicolas Sarkozy, 54: At loggerheads with everyone, Chancellor Merkel especially.

• Germany: Angela Merkel, 54: Guardian of Bush Sr.’s corrupt funds; at loggerheads with Sarkozy.

• India: Manmohan Singh, 76: Holds or held stashed stolen trillions from fraudulent trades.

• Indonesia: Susilo Bambang Yudhoyono, 59: Orphanages mask hidden ops. by US CIA agents.

• Italy: Silvio Berlusconi, 72: Italian ‘gentlemen’ and Pope = heirs to Mussolini’s finance ops.

• Japan: Taro Aso, 68: Scammed by George Bush Sr., taken to cleaners, thoroughly confused.

• Mexico: Felipe Calderón: 46: Drug war leverage over US, as CIA won’t quit drug-trafficking.

• Russia: Dmitri Medvedev, 43: Boom-bust trauma: serves Gorbachev’s long-range strategy.

• Saudi Arabia: Ibrahim al-Assaf, age uncertain: Kingdom’s fingers burned by Bushes and CIA ops.

• South Africa: Kgalema Motlanthe, 59: Included pending intended Benin trading platform.

• South Korea: Lee Myung Bak, 67: Bush Crime and other CIA fraudulent funds stashed in Seoul.

• Turkey: Recep Tayyip Erdogan, 55: Allows US drug operations into the former Soviet Union.

• United Kingdom: Gordon Brown, 57: Prophet of ‘stimulus’ in lieu of tackling derivatives issue.

• United States: Barack Obama, 47: It’s not the economy, stupid. It’s the derivatives, stupid.

• FACT: The CIA’s poisonous disinformation ops. (Operation Mockingbird) and anonymous spooks continue to excoriate The Queen, turning facts back to front and upside down, indicating just how nervous the ‘State within the State’ has become over the complete breakdown and uncovering of its multiple secret ‘Black’ Fraudulent Finance and Ponzi financing operations and the prospect that the Refunding Programme run from London will deliver ‘clean’, taxed funds onto the books of the big banks, so that this good money will unavoidably ‘drive out’ the BAD MONEY that these fools think they can continue to generate, so as to maintain their evil, destructive control over the US Federal Government in general and the Executive Branch in particular.

The biggest threat they face comes from the sole guardian of the Rule of Law, namely The Queen. Which also explains why various US intelligence community compartments are running operations against the British Monarchy. So much for the so-called SPECIAL RELATIONSHIP, which these US crooks are successfully destroying: because, as an Obama apparatchik pointed out to the Brown entourage, Britain isn’t ‘special’ to the United States at all. Then get out of our laundry!

The White House released a list of the bank CEOs who met with President Barack Obama on Friday.
‘At this meeting, the President will reiterate his belief that getting the economy back on track will require an understanding that each of us must look beyond our own short-term interests to the wider set of obligations we have to each other in order for America to succeed,’ the White House statement stated, according to Reuters, even though the meeting had already taken place.

The banking executives who attended the ‘brunch’ included:

• Jamie Dimon, JP Morgan Chase & Co
• Ken Chenault, American Express
• John Koskinen, Freddie Mac
• Ronald Logue, State Street Corp
• Robert Kelly, Bank of New York Mellon Corporation
• Rick Waddell, Northern Trust
• James Rohr, PNC Financial Services Group Inc.
• Lloyd Blankfein, Goldman Sachs Group Inc.
• John Mack, Morgan Stanley
• Vikram Pandit, Citigroup*
• John Stumpf, Wells Fargo & Co
• Cam Fine, Independent Community Bankers
• Edward Yingling, American Bankers Association (ABA)
• Richard Davis, U.S. Bancorp
• Ken Lewis, Bank of America

The actual cabal of bankers, excluding the Freddie Mac and ABA executives, was, unsurprisingly, the esoteric number THIRTEEN. Those with knowledge of the Works of Darkness will not be in any way surprised by this revelation. See the Editor’s study The New Underworld Order for details.

At this meeting, the bankers were given their marching orders. As we did not have a fly on the Oval Office wall, we will not elaborate beyond drawing your attention to the following keywords in this context: PROSECUTION, IMMUNITY, PRESIDENTIAL PROTECTION, GOING PUBLIC.

The Washington Post reports on Sunday 29th March that President Obama announced three senior US Treasury Department nominees on Saturday. They are:

• Helen E. Garrett, to be Assistant Treasury Secretary for Tax Policy. A member of President George W. Bush’s 2005 ‘bipartisan’ tax reform advisory panel, she is a former Professor at the University of Chicago Law School. The Garrett family has been heavily involved with the Bushes.

• Michael S. Barr, who was an adviser to the Clinton Administration’s Treasury Secretary, Robert E. Rubin, latterly the guardian of the Clintons’ funds at Citibank, and who managed to preside over the removal of said funds from the institution before he left it: to be an Asistant US Secretary of the Treasury for Financial Institutions. He is a Senior Fellow at the Center for American Progress and the globalists’ Brookings Institution. Thick with RUBIN.

• George W. Madison, to be General Council at the Treasury. He was a partner at Mayer, Brown & Platt in New York, where he practised banking and finance law. The firm ‘issued a lot of paper’.

Whoever is making these decisions is STICKING THEIR NOSES UP at the American people and the Rest of the World by DELIBERATELY picking people associated with the Fraudulent Finance orgy.

The following text, reported on Bloomberg and sourced from Reuters, Geneva, is, uh, interesting:

‘The sustainable investment firm run by Al Gore, the former US Vice-President, is about to be closed to new investors, having raised close to its $5.0 billion target’.

‘Generation Investment Management will probably restrict inflows into its main Global Equity Fund next month, Gore and David Blood, co-founder of the company, said at a news conference Tuesday (24th March). Blood said the firm could not manage more than $5.0 billion in assets…. He declined to name clients, but said they were typically institutions, with 45% to 50% coming from Europe, 25% from Australia and the rest from the United States’.

‘The private Swiss bank LOMBARD ODIER DARIER HETSCH, which started selling the fund in Europe last year, is now the biggest investor in it, said the bank’s senior partner, Thierry Lombard’.

The arch-speculator and financial sorcerer George Soros appeared on the front page of The Times, London and across a double-page spread inside Murdoch’s severely degraded title, to announce that the G-20 summit meeting, which will last for four and a half hours hours, will usher in a global depression ‘if it fails’: he then added that the odds are that it will fail.

• FACT: The Bretton Woods meetings took 22 days to complete.

In a typical Sorosian outbreak of ‘Blankfeinism’, Soros pronounced:
‘You’ve got to come up with practical measures that are going to provide protection to the whole developing world, periphery countries, against a storm that originated from the center [unspoken: and in which I was a prominent participant – Ed.] against a calamity that is not of their own making’.

• Translation: We are looking to the G-20 to agree to pour vast resources of ‘new money’ into the Third World, especially Africa where Bush Jr. and Paulson have set up the newest secret trading platform in obscure Benin. We need LOTS AND LOTS OF NEW MONEY to grease the carousel that we are all intent on restarting with regard only for our own agenda and interests, as we are the élite and we dictate what is good for the world, by which we mean ourselves. We hide behind high-falutin’ ‘humanitarian labels’, like Gore with his ‘climate change’ fund. It makes people ‘feel good about themselves’ when investing in our Ponzi scamming schemes.

On both sides of the Atlantic, the controlled ‘mainstream’ press has been waffling about every peripheral and irrelevant G-20 nuance under the sun, in order to avoid addressing the ONLY ISSUE THAT MATTERS, namely that this is a CRIMINALISM CRISIS, first and foremost, and that the root cause of the global calamity is the reckless, ruthless and ongoing pursuit of Fraudulent Finance operations, protected by the US Intelligence Power: the ‘State within the State’ which finances its operations by means of these ‘Black’ criminal finance scams and cannot ‘handle’ the prospect of being unable to generate corrupt funds on the scale to which it has become accustomed.

The only thing we can say in favour of the ‘mainstream’ right now is that it would appear that certain journalists realise that things are ‘not right’ and are venting their annoyance by writing copy which not even the Editor of this service would contemplate writing in these always sober reports.

• Examples:

• From the Times, London, 28th March 2009, page 34:

‘Among the extras [at the conference] will be an Australian Prime Minister who was once caught eating his earwax on television, an Argentine President known as the Queen of Botox, and a Spanish Prime Minister who looks like Mr Bean. But each and every member of the cast will arrive with a set of narrow national or regional interests that are unlikely to serve the interests of creating a new world consensus’ [Accurate: – Ed.].

• And the ExCel Centre, lacking the majesty more usually associated with such a great international gathering of leaders, is a fitting venue for such a summit about global economic blight’ [unspoken: brought about by the wall-to-wall corruption of the globalist elite represented by the participants themselves: – Ed.].

• ‘This soulless grey bulk was built in the graveyard of what was once the world’s largest port. Its name, with irritant capital letters in the wrong place, is redolent of the foetid marketing strategies of the recently evaporated development boom…’.

• From The New York Times, 29th March, page 4 of The Week in Review:

‘Some have likened [The task facing the G-20] to rebuilding an aircraft in mid-flight, and on its success may depend the future wellbeing of much of the world’s population of 6.5 billion, not to mention the fragile political prospects of Mr Brown’.

•FACT: As previously reported, the conference was exiled to the ExCel Centre in Canning Town, ‘Docklands’, when the whole operation was subtly downgraded some time ago. The cover ‘line’ is that holding the conference in that dump rather than at the appropriately appointed and located Queen Elizabeth Conference Centre opposite Westminster Abbey and the Houses of Parliament – the only part of London that most of the visitors know – was necessary because of urgent security concerns, given that mass demonstrations are planned to coincide with the event. But the real reason is that official expectations for the outcome are close to zero, unless the releases take place, which we won’t know for a day or two.

• One other point: You may recall that the overt Communists’ modus operandi was ALWAYS to have ANOTHER conference in prospect. Official Strategy was implemented by moving seamlessly from one conference to the next, so that all concerned were occupied full-time ‘preparing for the next meeting’. That kept everyone working on the Leninist agenda.

Exactly the same procedure is at work with these successive globalist meetings. In this instance, the entire meeting can be seen to be WHOLLY UNNECESSARY. Why? Because only a few weeks later these people will be meeting again in the G-20 forum at the IMF/World Bank Spring Meetings in Washington, DC (second half of April).

Therefore, quite clearly, this G-20 spectacle event (not) is little more than a ‘do-something’ mass perception-moulding exercise in manipulating public opinion, so that popular anger does not get completely out of hand.

Not quite yet, anyway.

It is clear by its childish behaviour that the CIA/NSA/NSC is angry that its endless duplicity is being systematically exposed.

First we have renewed lies and diversionary untruths about The Queen on flaky websites posted by anonymous spooks. Then the NSA fools ‘snip’ our report dated 26th March 2009, as reported above. Now, we are informed of an attack by the Larouche CIA compartmentalised cadre which specialises, on behalf of the German dimension of the CIA ET AL., and its Deutsche Verteidigungs Dienst (DVD), Dachau, Nazi Abwehr Strategic ‘Black’ Deception Continuum bosses, in excoriating the British in order to divert the attention of the gullible from the true source of the world’s evils: THE ONGOING NAZI CONTINUUM. These people have long since discredited themselves: in the 1960s, Larouche himself was a Marxist-Leninist World Revolution agitator.


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.


It has now been established that the National Security Agency (NSA) works with/controls Microsoft, Norton, McAfee, and others, in pursuit of the Pentagon’s vast BIG BROTHER objective, directed from the ‘highest’ levels (not the levels usually referred to) which seek to have every computer in the world talk direct to the Pentagon or to NSA’s master computers.

This should come as no real surprise since the cynical spooks even assert this ‘in-your-face’ by advertising ‘INTEL INSIDE’, which says exactly what it means. More specifically, NSA have made great strides in this direction by having a back door built into Microsoft VISTA. Certain computers, especially those labelled with the logo of the ‘fully collaborating’ firm Hewlett Packard, have hard-core setups which facilitate the remote monitoring and controlling of personal computers by NSA, Fort Meade. We now understand that if you are using VISTA* you MUST NOT enable ‘file and printer sharing’ under any circumstances. If you say ‘YES’, so to speak, to ‘file and printer sharing’, your computer becomes a slave at once to NSA’s master computers. DO NOT ENABLE SHARING.

Unfortunately, this abomination is so far advanced that this may not be the only precaution that needs to be taken. As long as Microsoft continues its extensive cooperation with NSA and the NSC (National Security Council), the spying system which assists the criminalised structures, and thus hitherto the Bush-Clinton ‘Box Gang’ and its connections, with their fraudulent finance operations, NSA may be able to steal data from your computer. The colossal scourge of data theft is associated with this state of affairs: data stolen usually include Credit Card data, which the kleptocracy regards as almost as good as real estate for hypothecation purposes. Even so, you can make life very much more problematical for these utterly odious people by NOT USING U.S.-sourced so-called Internet Security and anti-virus software. Having been attacked and abused so often, we offer a solution.

We use a proprietary FOREIGN Internet Security program which devours every PC Trojan, worm, scam, porn attack and virus that the National Security Agency (NSA) throws at us. We are offering this program (CD) to our clients and friends, at a premium. The program comes with our very strong recommendation, but at the same time, if you buy from us, you will be helping us finance ongoing exposures of the DVD’s World Revolution and the financial corruption that has been financing it.

The familiar US proprietary Internet Security programs are by-products of US counterintelligence, and are intended NOT to solve your Internet security problems, but to spy on you and to report what you write about, to centralised US electronic facilities set up for the purpose. You can now BREAK FREE from this syndrome while at the same time helping us to MAINTAIN THE VERY HEAVY PRESSURE UPON THE CRIMINALISTS WE HAVE BEEN EXPOSING, by ordering this highest quality FOREIGN (i.e., non-US) INTERNET SECURITY SOLUTION that we have started advertising on this website. This offer has been developed in response to attacks we have suffered from the NSA nerds who appear to have a collective mental age of about five years, judging by their output.

• To access details about the INTERNET SECURITY SOLUTION, just press THE LIVE LINK YOU HAVE JUST READ, or else press SERIALS in the red panel below. This opens up our mini-catalogue of printed intelligence publications. Scroll right down to the foot of that section, where you will see details of this service. When you buy this special product, you will also, as we clearly state above, be paying a special premium by way of a donation to help us finance these exposures.

The premium contains a donation for our exposure work and also covers our recommendation based on the Editor’s own experience that this INTERNET SECURITY SOLUTION will make your Internet life much easier. Some versions have a ‘Preview before downloading’ feature.

*VISTA: Virtual Instant Surveillance Tactical Application.


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