TREASURY TO SELL $450 BILLION OF TRASH PER MONTH

BUDGET REQUIRES OVER $2.7 TRILLION OF TRASH SALES BY SEPTEMBER

Tuesday 3 March 2009 03:00

• UPDATE, 3rd March 2009: 4.30pm: OUR CHINA ANALYSIS CONFIRMED: SEE HERE:

At about 8:30am today, 3rd March, speaking on CNBC Squark Box, Lawrence Lindsay, the former Clinton era economic adviser, and an adviser to President-elect Obama during the Transition, reported that he had just returned from a visit to China. Mr Lindsay said that officials there told him that there is no way that China will be buying ANY MORE TREASURIES until such time as the United States has straightened out the chaos inherent in its never-ending attempts to sidestep and fudge the Fraudulent Finance issues that are destroying the entire world real and financial economies.

This senior former Obama adviser also expressed ASTONISHMENT that the Geithner ‘stimulus package’ is such a mess, clearly implying his knowledge of the irresponsible and fantasy numbers in the revised Obama Federal Budget, which is the subject of the present report. In sum, therefore, the complete shambles and disarray, arising from duplicity and a refusal to face facts, at the White House and among the President’s advisers, is confirmed by a highly-placed insider, who also, in the process, confirms the accuracy of our assessment of the ’eminent domain’ lie demolished below.

The Editor is now in possession of detailed chapter and verse concerning what has been going on in the background since Mr Obama came to office, but is precluded by sensitive sovereign factors for the time being from divulging this information until granted leave to do so.

THE ORIGINAL REPORT POSTED AT 3:00AM LONDON TIME ON 3RD MARCH STARTS BELOW:

FEDERAL BUDGET NUMBERS INDICATE THAT OBAMA PEOPLE ARE COMPLETELY MAD…

… OR ELSE THEY ARE HIDING SOMETHING SO TERRIBLE THAT THEY DON’T MIND RIDICULE

OBAMA’S INDIA RUBBER BUDGET NUMBERS DON’T IMPRESS THE FINANCIAL MARKETS

HE’S PROMISING THE MOON, THE PLANETS, THE STARS AND THE MILKY WAY…

… PAYING FOR IT WITH A TRASH DEBT MOUNTAIN THAT CAN’T BE LEGITIMATELY FINANCED

INSTEAD OF VIA TAXABLE REVENUE GENERATED IN THE PRIVATE SECTOR AS ADVISED

• DAY OF RECKONING IS ‘HAPPENING’ AT HIGH SPEED, JUST AS THIS SERVICE PREDICTED

MRS CLINTON’S CRASS STATEMENT IN CHINA: HER BRAIN FELL OUT OF HER HEAD

THE ‘EMINENT DOMAIN’ ‘STORY LINE’ AGAIN: DESPICABLE, MALICIOUS RUMOUR. PROVE IT.

•INTERNATIONAL CURRENCY REVIEW, Volume 34, #2: This issue is now well advanced in our print works and will be distributed worldwide soon. As indicated previously and below, it contains three flowcharts which show how the fake ‘derivatives’ sector represents a gigantic BANKERS’ RAMP, how the Paulson TARP operation was designed to reliquefy the likes of Carlyle, Carlyle Capital, George Bush Sr. and other familiar perpetrators, and why ALL derivatives ‘products’ are frauds – equipped, even, with their own esoteric language, the purpose of which is to prevent ordinary mortals from understanding how these interrelated Ponzi Scheme operations function.

But it is historically true that ALL Ponzi schemes implode sooner of later. What makes the present situation unprecedented in the history of fallen humanity is that (a) what is happening was indeed predicted here long before anyone had ever heard of Roubini, and (b) all the Ponzi operations are interlinked. Hence reports of EIGHT more Ponzi collapses pending in Europe, the panic that is now evident everywhere as it has been realised that hardly any institutions managed to avoid being caught up in the corruption, and the chaotic responses of terrified governments and officials who have not understood the central issue: THE DERIVATIVES ARE FAKE AND HENCE WORTHLESS.

International Currency Review may be ordered direct via this website. To order the forthcoming issue alone, please enter a regular order and ALSO send us an email via the CONTACT US tab to state that you specifically require International Currency Review Volume 34, #2 only. We have to charge a premium for individual issues, as we sell only serials in the normal course of business.
On this occasion, we are charging $300 for this issue, incorporating a 50% DONATION mark-up.

All such orders, as with all donations made to assist us with the financing of this research and our necessary exposures, are appreciated and acknowledged by the Editor.

• 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.

• 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.

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.

• NEW REPORT STARTS HERE:

PULLING THE WOOL OVER THE MARKET’S EYES HAS FAILED
President Barack Obama makes a nice speech. That’s what he does.

But by the end of February he had squandered this sole asset – and had revealed not only his status as an Emperor without clothing, but the void that sits in the White House. It is matched by parallel black holes at the Federal Reserve Board and the US Treasury.

When it comes to the Federal Budget, which the Editor of this service has studied for the past three decades, the official expectation is that the whole world will immediately contract Ego (Eyes Glaze Over), so that no-one will be able to separate the smoke from the mirror image of the smoke generated by the duplicitous Office of Management and Budget (OMB) – whereupon time will pass, the press will rapidly get bored of the subject, and the latest duplicitous budgetary sleight of hand will have passed undeconstructed except by diligent observers of whom nobody takes any notice.

Such cynical, self-defeating thinking has notoriously accompanied the aftermath of US Federal Budget presentations since Carter’s Presidency and earlier: so, one might ask: what else is new? Haven’t we all been here before?

No, we certainly have not.

In the first place, President Obama’s speeches have been littered with the words ‘transparency’ and ‘accountability’ – the primary subliminal message being that since the American people voted for a ‘Break with the Past’, this is what they’re going to get.

In other words, Obama and his team are all nice’n WYSIWYG: what you see is what you get.

Er, not at all. The reverse is the case.

TALK OF TRANSPARENCY AND ACCOUNTABILITY WHILE PRACTISING FRAUDULENT FINANCE
President Barack Obama talks ‘transparency’ and ‘accountability’, while presiding over a revised Federal Budget decorated, would you believe, with the slogan ‘An Era of Responsibility’, that is such an insult to the intelligence of even the most uninitiated amateur budgetologist, that the only possible reaction, prior to tearing one’s hair out, is to ask the question: are these people really as mentally defective as the Budget numbers suggest?

Or is the problem that they are so steeped in deception, lies and diversionary counterintelligence antics, that they have become terminally confused?

Actually, the problem may be that the previous Administration stole an estimated $9.0 trillion, which has vanished from the false books. And since the Clintons were, as noted earlier, working with the previous Administration (as Clinton ‘works for’ Bush Sr.), THEY were involved in this pillaging.

So it’s not just that these people are mental defectives, like all US counterintelligence operatives specialising in lies and deceit, but that they have a colossal problem, too – a problem so terrible that they have been reduced to publishing Budget numbers which stretch credulity to infinity.

In other words, their madness is dictated by the absolute necessity of trying to avoid being picked up, handcuffed and consigned to spending the rest of their tawdry lives in jail (if only the US Gold Badges weren’t so compromised themselves that they won’t actually support the Rule of Law).

Certainly, in nearly 40 years of watching second-rate US and British politicians and policymakers mess up everything that they touch, the Editor of this service has never observed any US Budget presentation as devoid of common sense as is implied by the Federal Budget that Barack Obama introduced in February, having torn up the Budget presented by his discredited predecessor’s Administration (at enormous cost to the taxpayer, of course) and replaced it with a set of numbers so fanciful and ridiculous that one can hardly believe that the OMB didn’t hire lunatics from the local asylum to prepare this scandalous piece of official documentation.

INDIA RUBBER NUMBERS: TREASURY TO SELL $450 BILLION TRASH PER MONTH
The Office and Management and Budget wants the world to believe that the nominally outstanding Federal debt total of nearly $10 trillion as of 30th September 2008 can safely be ballooned to over $23 trillion by the end of Fiscal Year 2019 (these are data ‘as reported’: but see below).

For these entirely fanciful projections to materialise, the Treasury will ‘need’ to sell $13.2 trillion of trash instruments over the period. Bear in mind when looking at OMB numbers that beyond the preceding and current Fiscal Years’ data, all its numbers are made of India Rubber (even though the current data are likewise manufactured from a similar material).

So, as this veteran budgetologist can testify, what you get is ever such a smooth fake projection upwards: no shocks, you understand.

But on 17th February 2009, the Statutory Debt Limit was jacked up from $9,961 billion, to $12,104 billion, an unprecedented increase of $2,143 billion, to accommodate much of the ‘projected’ increase in debt to be issued by the Treasury, of $2,718 billion, by the end of Fiscal Year 2009, namely by 30th September this year. That’s RIGHT! The Budget documentation says that the US Treasury is to sell more than $2.7 trillion of debt instruments in the space of six months!

TO REPEAT: The Obama Office of Management and Budget’s documentation seriously states that the US Treasury must sell trash instruments ‘worth’ more than $2.7 trillion in the space of just six months – that is to say, it must sell $450 billion of trash Treasuries every month from March to September 2009. But the financial markets are saying: NO WAY, JOSE.

As previously reported here, on 18th February, the cost of insuring a $10 million US Treasury instrument for a five-year maturity against default was $90,000, whereas in a normal market environment, the cost should be $10,000. On 19th February, this cost had risen to $93,000.

By 23rd February, the price had escalated further, to $100,000. This information emerged from the Chicago ‘pits’, so it represents an accurate snapshot of what the market thinks of the intellectual calibre of the Obama Treasury and the Office of Management and Budget.

Now, even if prospective purchasers of such US Treasury trash existed ‘out there’, the price that the market would insist upon being paid for it would be not just prohibitive: it would rule out any such market’s existence. Hence, the moment that the position is considered by anyone who is not a mental defective, it must immediately become apparent, perhaps even to the most arrogant CIA/ONI dumkopf, that what was being proposed wasn’t just a non-starter: it indicated that President Barack Obama, Timothy Geithner and the OMB Chief, Peter Orszag, all need emergency brain surgery.

MRS CLINTON’S BRAIN FELL OUT, TOO
Mrs Hillary Clinton, the US Secretary of State, and the CIA wife of the CIA operative co-running the world’s most destructive terrorism financing machine and drug-running racket in history, in which Mrs Clinton has herself been closely involved ever since the drug-running operations via Mena in Arkansas, departed in February on a trip to the Far East, winding up sitting awkwardly on a couch in Beijing, face to face with the Chinese top man du jour.

At the end of that visit, Mrs Clinton, who has never been renowned for possessing a first class brain, told the controlled Chinese media:

‘We have to incur more debt. The US needs the investment in Treasury bonds to shore up its economy to buy Chinese products’.

This observation has to rank as the most crass to emerge from the lips of an American Secretary of State in the whole demented history of this frenetic geomasonic Republic – and is certainly by far the most asinine official remark that this Editor has recorded since he began the mournful task of monitoring the endless foolishness and idiocies of officials and politicians nearly 40 years ago.

WHY MRS CLINTON’S COMMENT LENDS NEW MEANING TO THE ADJECTIVE ‘CRASS’
For the sake of ‘joined-up’ analysis, we can briefly summarise the depths of stupidity and mental retardation plumbed by this woman’s reported pronouncement:

(1): It has been explained to these people ad nauseam that the United States does NOT have to incur more debt. A scheme which would bypass debt-creation was presented to and agreed by the Group of Seven Financial Powers at their meeting in Northern Germany in June 2007. This scheme was reviewed and reapproved in 2008. It consisted of:

(2): Transparent on-the-books private sector capital markets transactions generating fully taxable REVENUE using funds lent for the purpose by Her Majesty the Queen and Prince Al-Aweed Al-Talal of Saudi Arabia. Together with a further $7.8 trillion of sovereign funds belonging to the Chinese parties, these monies, owned by foreign owners but made available pro bono publico to help get the United States, the US dollar system, the world trading system and the world economy out of the hole eagerly dug for it by the practitioners of Fraudulent Finance and their shadow financial sector, remained on the table for 19 months (in the case of the $6.2 trillion) until they were withdrawn on 29th January 2009, as we reported – after it had become clear that the new Obama Administration preferred the yellow brick road to absolute perdition rather than to seize the no-strings-attached lifeline which would indeed have rescued the Obama Presidency, the United States, the US dollar system, and the whole world. The funds were made available PRO BONO AMERICANO PUBLICO.

Needless to say, instead of being used for the purposes for which they were intended by the owners and lenders, the $14.0 trillion of foreign funds were misused, leveraged and securitised – so that the illicit proceeds generated therefrom are today worth – guess what? NOTHING!

• Because all derivatives assets are worth: ZILCH. As the world is rapidly finding out.

• See? We told you the day of reckoning would arrive much faster than anyone anticipated, shocking the whole world in the process. And that’s EXACTLY what’s happening, isn’t it?

(3): ‘Continuing to buy Chinese products’ does not ‘shore up’ the American economy: it contributes further to decimating it. There is no law which requires the United States to buy Chinese products: the United States should be manufacturing these products itself, as it used to do in the old days before ‘free trade’ was manipulated to provide cover for ‘globalism’, a.k.a. Fraudulent Finance.

• Mrs Clinton’s brain appears to have been working back to front before it fell out.

(4): The suggestion that the Chinese must pour vast sums into worthless Treasury trash, only days after key Chinese parties had removed $7.8 trillion from residual access as described in our earlier reports, indicated that Mrs Clinton’s brain is disconnected from the rest of her body and that she is even dumber than those who have had dealings with her know her to be.

Quite simply, Mrs Clinton’s brain fell out: which may not be surprising since, if she hadn’t managed to get herself appointed Secretary of State, she would be in handcuffs. She’s so uptight, she can’t think straight, given the extreme ongoing bind she’s in, as her protective house of cards collapses.

AN EXOTIC LIE TO OBFUSCATE THE BUDGETARY SMOKE
As soon as elements of the panicking, self-interested and traitorous US intelligence community realised that the financial markets were not about to buy into these fantasies and lies, designed to preserve the usurped hegemony of which the CIA is so protective, a ‘story line’ was put about, to the effect that the Chinese authorities had demanded ‘eminent domain’ terms enabling them to seize real assets (property, infrastructure, warehouses, government buildings, plants, railways) in exchange for agreeing to pour their good dollars into the Treasury sink-hole.

This pack of lies was concocted both to terrify the already hysterical American people and also, in part, to cover up the fact that the Federal Budget as proposed cannot be implemented.

This needed covering up, because an automaton called Barack Obama was continuing, day by day, to promise not only the moon, but also the planets, the stars and the Milky Way to the masses – whose expectations have been very dangerously aroused and are scheduled to be dashed to smithereens ‘even as we speak’.

The other reason for this ‘story line’ connects with what we report above – namely that the Obama Administration and the Clintons are covering up a giga-problem so enormous that they have been driven to publishing nonsense Budget numbers to provide ‘rationales’ for intended Fraudulent Finance operations behind the scenes which the despised hoi polloi are not supposed to suspect, let alone to understand.

Unfortunately for President Obama and his deluded colleagues, these dimwits, none of whom have any actual business experience, have forgotten about something called the marketplace.

It is signalling loud and clear that it believes that Obama’s fine rhetoric represents empty verbiage, that the Federal Budget numbers are garbage, and that it has no intention of assisting the Geithner Treasury (if Geithner is still around) to finance these final twitches of the maddened financial snake which has emerged from the Bushes.

TAKING THE BUDGET DATA AT FACE VALUE
The way the Editor has deconstructed US Federal Budgets over the years is always the same: to take the published numbers at face value. The point here is that we are dealing with official data: so who on earth are WE to question the reliability of these numbers?

By taking the official OMB numbers at face value, it becomes a simple matter to expose them to ridicule, which is the purpose of this report.

When reviewing the US Federal Budget, our routine practice for many years, both in International Currency Review and Economic Intelligence Review, has always been to ‘add back’ the ‘Debt held by Government accounts’ to the ‘Gross Federal Debt’ (as reported).

The reason this must be done is that since at least the Carter era, the monies accruing in so-called budgetary ‘Trust Fund’ accounts is EARMARKED money that will be needed in the future to meet longer-term statutory obligations of the Federal Government. However, by Statute, and ever so conveniently, these earmarked moneys are ‘required’ to be ‘invested’ in the so-called Federal Funds accounts (current expenditure accounts).

It therefore follows that the ‘Trust Fund’ moneys have already been squandered – whereas, as indicated, they are needed to meet future obligations. So the ‘Debt held by Government accounts’, which is REMOVED from the official OMB statements of ‘Gross Federal Debt’, has to be ADDED BACK in order to yield a ‘true’ picture of Gross Federal Debt Outstanding (always bearing in mind that all the OMB Budget numbers are made of India Rubber).

AN UNTHINKABLE BORROWING REQUIREMENT
On this basis, and using ONLY the published numbers, total Gross Federal Debt Outstanding jumps from $14,144 billion as at 30th September 2008, to $17,019 billion at the end of September this year, winding up at $30,892 billion on 30th September 2019 – long after the American Republic will, at this rate, have ceased to exist.

Even if the Chinese had caught Mrs Clinton’s brain disease, they could not possibly accommodate this borrowing requirement. And since the Chinese parties withdrew their $7.8 trillion of real cash money, which had been ‘sitting there’ inside the Treasury’s custodial account system for at least 19 months (this was certainly the case with the $6.2 trillion of loan money), the likelihood of the savvy Chinese having agreed to an arrangement whereby they enjoy eminent domain and thus freedom to seize real assets in the United States in the event of the US Treasury defaulting on its trash debt obligations, can be seen to be quite ridiculous.

THE MALICIOUS ‘EMINENT DOMAIN’ RUMOUR RECYCLED NOCH EINMAL
The Chinese have been ‘doing this stuff’ for hundreds of years and, unlike Mrs Clinton, aren’t stupid. They would have the smarts to work out that such ‘eminent domain’ would, like the US Treasury trash itself, be worthless – since in any such crisis they would naturally be physically prevented from taking over ‘their’ US assets.

In any case, the US Secretary of State could not offer such an undertaking without exceeding her powers: and in the unlikely event that she HAS traded open-ended Chinese purchases of trash US Treasuries to the tune of $450 billion a month between now and September 2009 for such ‘eminent domain powers’ (a ‘story line that cropped up about a year ago, so it’s nothing new), she should be arrested and impeached.

As for those operatives disseminating this rumour, and variants of it, it is incumbent upon them to reveal the name of any US Embassy official who may have leaked this (spurious) information, the date and times of the relevant telephone call, chapter and verse concerning the document (?) in question, and other hard information necessary to corroborate such an outrageous and traitorous assertion. If they cannot do so, THEY should be arrested by law enforcement without further ado.

OH, AND WHAT ABOUT ‘SOURCE OF FUNDS’?
But most important of all, everyone who pays really serious attention to these matters should train themselves to ask the following question at all times: WHAT IS THE SOURCE OF FUNDS that are to be used to finance Obama’s purchase of the moon, the planets, the stars and the Milky Way?

They won’t answer your question because in President B. Obama’s ‘transparent’ Universe of ‘full accountability’ consistent with the Office of Management and Budget’s slogan used for its February Budget presentation – ‘A New Era of Responsibility’ – they would have to COME CLEAN.

And they can’t do that: DON’T’ BE RIDICULOUS: because the Obama Administration is engaged in Fraudulent Finance on a much larger scale, even, than its disreputable predecessor régime.

So, while the new Presidential automaton mouths his lies and duplicitous deceits about so-called ‘transparency’, ‘accountability’ and halving the deficit, his DOUBLE-MINDED colleagues thought they could pursue the opposite strategy of continuing with their untaxed Ponzi operations off-balance sheet, creating fake money out of nothing. The ‘visible deficit’ in Fiscal Year 2009 will exceed $1.7 trillion, to be followed by a ‘visible deficit’ in 2010 of nearly $1.2 trillion.

In addition to the foregoing, the false mathematics on which Mr Barack Obama’s promises to give American voters the entire planetary system are based, encapsulate what English schoolmasters call elementary SCHOOLBOY HOWLERS (mistakes).

The most astonishing of these is the official assumption that ANYONE, even foreign investors suffering from senile dementia, would ever contemplate investing in US Treasury trash given that such monthly Treasury debt emissions are to average $450 billion for the next six months alone, ACCORDING TO THE OFFICE OF MANAGEMENT AND BUDGET DATA.

If these numbers are ‘wrong’, why publish them? They will be found on page 134 of the part of the OMB documentation entitled ‘Summary Tables’, published in February 2009.

No wonder Mr Geithner was unreliably reported on 2nd March not to have been seen for 19 days. Even if he has surfaced by the time the Editor has eaten his breakfast, he would be wise to keep his face behind his office door: which, preferably, for his own peace of mind and physical safety, should perhaps be kept locked, while he decides when to resign.

• FACT: Following submission of documents on 29th December 2008, Pennsylvania Investments, Inc., of which Michael C. Cottrell, B.A., M.S., is the proprietor, was appointed the lead operation to proceed with the approved private sector-based, transparent, on-balance sheet, fully taxable US dollar capital markets trades generating REVENUE, deploying the lenders’ funds which had been waiting to be used for that purpose for 19 months, but had instead been illegally leveraged.

These funds, which had been placed into ‘lockdown’ between 10th and 12th September 2008 on advice, after they had been abused contrary to the lenders’ requirements, were finally withdrawn altogether on 29th January 2009, after it had become apparent that Barack Obama was not going to authorise the private sector REVENUE-generating option. Also then withdrawn from US access in tandem was the $7.8 trillion of Chinese sovereign funds, for a total of $14.0 trillion cash.

It is strongly recommended that the delayed REVENUE-generating on-balance sheet capital markets transactions should be implemented from the United Kingdom on the same basis, given that GOOD MONEY pushes out bad money. The REVENUE generated by such operations will be ‘good’ money because it will be visible, transparent, fully reported, taxed and ON BALANCE SHEET.

By contrast, Government can only generate DEBT. That’s why enormous quantities of trash US Treasuries are theoretically to be sold in order to finance Obama’s programmes, generating the further debt mountains alluded to above. Choosing the debt route is the WRONG DECISION, as the markets are now confirming. The CORRECT DECISION would be to generate TAXED REVENUE on the books via the private sector capital markets transactions.

By this method, which the G-7 Financial Powers all approved in 2007 and 2008, NO NEW TREASURY DEBT WOULD BE CREATED AT ALL. Simple and straightforward: which is why the G-7 approved it.

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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