TRAIN WRECK UPON TRAIN WRECK UPON TRAIN WRECK
Tuesday 28 July 2009 04:00
‘Whoever, having knowledge of the actual commission of a felony cognizable by a court of the United States, conceals and does not as soon as possible make known the same to some Judge or other person in civil or military authority under the United States, shall be fined under this title or imprisoned not more than three years, or both’.
CALLING EVIL GOOD, AND GOOD EVIL
‘Woe unto them that call evil good, and good evil; that put darkness for light, and light for darkness; that put bitter for sweet, and sweet for bitter!’
‘Woe unto them that are wise in their own eyes, and prudent in their own sight!’
Isaiah, Chapter 5, verses 20-21.
‘WE’LL KNOW OUR DISINFORMATION PROGRAM IS COMPLETE WHEN EVERYTHING THE AMERICAN PUBLIC BELIEVES IS FALSE’: William Casey, Director of Central Intelligence: An observation by the late Director at his first staff meeting in 1981. This observation reveals the mentality of cynicism which infests the US Federal control structures, and the reality that these structures regard the American people with total contempt. This attitude is the opposite to the noble concept of service to the American people which ought to inspire holders of public office, and therefore represents the epitome of decadence.
The evil spirit directing William Casey got the better of him when he committed suicide in hospital some years later, ostensibly to ‘protect the President’. The fantastic verbal fantasies perpetrated on certain US websites that are operating on the basis of Mr Casey’s principle, enunciated above, should therefore be handled with extreme care. Casey warned you!
‘NONE OF THIS MUST EVER COME OUT’
‘None of this must ever come out, you understand’.
Well, it has. What did she expect?
Gwendolyn Waymark, a Bush Sr. operative, in a voicemail to the Editor in May 2003.
• HISTORICAL GENESIS OF THIS CRIMINAL FINANCE CRISIS
• U.S. NATIONAL SECURITY COUNCIL : A LENINIST STRUCTURE
• U.S. POWER MODEL IS ‘PURER’ THAN THE SOVIET MODEL
• PROOF THAT THE CIA AND THE MAFIA WORK TOGETHER
• THE DURKHEIM PARADIGM: ‘ANOMIE’, ‘NORMLESSNESS’
• COMPROMISED U.S. LAW ENFORCEMENT TRIES AGAIN
• DISSECTING ELEMENTS OF THE CONTROL MECHANISM
• ‘THEY CANNOT BE ALLOWED TO GET AWAY WITH IT’
• NSC-68 AUTHORISED OPERATIONS ‘BY ALL MEANS’
• FURTHER LEGITIMISATION OF OFFICIAL CRIMINALITY
• CRUCIAL NATIONAL SECURITY DECISION DIRECTIVES
• SIX EXTERNAL OBJECTIVES IDENTIFIED UNDER REAGAN
• GOLITSYN’S ‘ONE STEP FORWARD, TWO STEPS BACK’ WARNINGS IGNORED
• THE SOVIET RESPONSE TO THE REAGAN OFFENSIVE
• RUSSIAN WARNING ABOUT A WAVE OF CRIMINALS
• WHY THE SOVIETS HAD FAITH IN THEIR LENINIST PRESCRIPTION
• THE BUSH-CIA-DVD CRIME SYNDICATE MOVES INTO ACTION
• UPDATED ANALYSIS JUDGED TO BE ACCURATE
• THE ‘SORCERER’S APPRENTICE SYNDROME’
• WANTA REMOVED FROM ACCESS TO THE ACCOUNTS BY BUSH-CLINTON
• ‘UNINTENDED CONSEQUENCES’ COVER FOR CHAOTIC OUTCOMES
• OBAMA’S HIDEOUS HEALTH CARE LEGISLATION:
THE GOVERNMENT WILL APPEAR AT YOUR DEATHBED
• THE DEVASTATING TESTIMONY OF NEIL BAROFSKY
• DEADLY CONSEQUENCE OF HANDING UNLIMITED POWERS TO PAULSON
• RECKLESS DISPLAY OF IRRESPONSIBLE TREASURY STEWARDSHIP
• ESSENCE OF THE ‘WITHOUT RECOURSE’ FRAUD
• NEW JERSEY COURT DECISION AGAINST DEUTSCHE BANK
• NEW YORK COURT RULING AGAINST DEUTSCHE BANK
• U.S. COURTS ARE KNOCKING THE FALSE BOTTOM OUT OF DERIVATIVES
• BAROFSKY CITES ‘CONFLICTS OF INTEREST’ AND ‘COLLUSION’
• TREASURY TRIES TO BURY BAROFSKY’S DEVASTATING REPORT
• BERNANKE CONDEMNS HIMSELF AND HIS STEWARDSHIP
• FED CHAIRMAN HINTS AT YET MORE GUARANTEES – FOR COMMERCIAL REAL ESTATE
• $60 TRILLION ON THE BASIS OF THESE NUMBERS ALONE, AND COUNTING
• BERNANKE’S NUMBERS RUBBISH THE OMB DATA
• OFFICIALS PLAY FAST AND LOOSE WITH EACH OTHER’S NUMBERS
• THE QUEEN’S POINTED QUESTION AT THE L.S.E.
• LETTER TO THE QUEEN EXAMINED BY THE BRITISH ACADEMY
• QUEEN MISINFORMED BY THESE NOTED ‘EXPERTS’
• IRAQI LEADER’S SECRET VISIT TO THE WHITE HOUSE
• HOMELAND SECURITY DOCUMENT TO BE SIGNED
• INCREASINGLY HYPER WHITE HOUSE BEHAVIOUR AHEAD OF HIGH-LEVEL CHINESE VISIT
• HIDDEN CRISIS FOR THE EUROPEAN UNION, TOO
• GERMAN COURT’S RULING ON THE LISBON TREATY
• DR HANS TIETMEYER: THE E.U.’S GORBACHEV
• ‘BULLETS WILL FLY AFTER 19TH JULY’: UPDATE
• And finally:
• WHAT ARE WE DOING IN AFGHANISTAN? OUR QUESTION IS NOW THE #1 UK PUBLIC ISSUE
• INTERNATIONAL CURRENCY REVIEW: Volume 34, Numbers 3 & 4: Comprehensive coverage of the twists and turns of this crisis between September 2008 and June 2009, containing details of many of the astonishing goings-on in the lawless space called the intergovernmental sector.
• In this ‘Black’ arena, ‘anything goes’, assets of other parties are stolen and traded, deception is standard practice, and everyone lies to everyone else. This huge issue, currently ‘on machine’,
provides a devastating record and critique of the deplorable behaviour of the Big Powers, as they fight over stolen money. Please apply via the CONTACT US facility for availability and price details.
• 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.
• Globalist hegemony ideology and practice are 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. Also, the Editor’s study entitled The European Union Collective, which proves that the EU is a long-range strategic entrapment operation to reduce European countries to satrap status within a German empire using economic strategy for relentless economic warfare purposes, can be bought here.
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• COPYRIGHT NOTICE: The Editor and his companies have taken measures to obtain protection and recompense for the gross breaches of copyright material, books and works owned by this service, our companies, the Editor and Author, and the Authors whose interests we must protect. In the first place, a pirate platform service in the United States has received a demand for a very large sum of money to compensate us for the wanton stealing of three of our books, the consequence of which barbaric acts has been effectively to destroy our book publishing business. Secondly, the agents for the Google Settlement have been specifically informed by registered mail that we have written, also by registered mail, to the four universities and one public library who have entered into an agreement with Google under the so-called ‘Google Settlement’.
The universities in question are: Oxford, Stanford, Harvard and Michigan; and the public library is the New York Public Library. Our three companies have opted out of the Google Settlement, which is anyway now in some disarray.
These and related parties have been advised that if ANY of our works, published by all three of our companies, not just the intelligence books company which has already been severely ransacked, are assaulted by copyright pirates, we will take all legal measures open to us to enforce our rights and those of our authors. The rationale underlying this scourge is the false and spurious one that the intellectual property of the whole of humanity is the property of the ‘global commons’: a dirty, revolutionary piece of hypocrisy and subversion, the underlying purpose of which is to destroy small publishers so that there will be no dissenting voices to The New Underworld Order.
When time permits, we will be providing ‘further and better particulars’ concerning this outrageous revolutionary development. In the meantime, those amoral persons and parties who have so far downloaded our works are hereby warned that every single download will be traced, and that they risk being pursued for very large damages for gross and insolent breaches of our copyright.
Anyone wishing to reproduce the important anti-World Revolution article posted here must contact the Editor for written permission, on the understanding that a precise form of words that we will specify must accompany any reposting and that the entire article, with credits, must be displayed. Any deviation will be treated as a breach of copyright and dealt with accordingly [see above].
• ROGUE’S GALLERY OF DECEIVERS: Given the deceit and abuse that has been meted out to the Editor of this service since we began these investigations in 2002, the Editor plans to expose, by name, each of the primary perpetrators of deception against us, including a UK-based deceiver recently unmasked who sought to extort money for delivering sensitive packages that he never delivered. This character has been reported to the Police, and a Major Crime Book Number will be sought with a request for an investigation. The relevant documents have been sent by registered and signed-for mail, to the Special Branch officer concerned. Those who have deceived us will be made to endure the grave consequences of their serial duplicity, starting with Leo Wanta, to whom the Editor lent $35,000 to pay for his release from irregular probation, which should have been paid back on 11th June 2007 but concerning which nothing has been heard. All other collaborators and operatives who tried to deceive us at various stages will also be exposed for their deception.
By Christopher Story FRSA, Editor and Publisher, International Currency Review, World Reports Limited, London and New York. For earlier reports, press the ARCHIVE. Order your intelligence subscriptions and our ‘politically incorrect’ intelligence books online from this website.
The Editor is indebted to Michael C. Cottrell, B.A., M.S., for permission to quote from and elaborate on his work ‘Elite Power and Capital Markets’. This is a thesis submitted in 2002 in partial fulfilment of the requirements for the Degree of Master of Science, Administration of Justice Department, Mercyhurst College. As soon as we have procured the total cessation of the stealing of our books by American copyright pirates (an operation which is ongoing ‘as we speak’), it is intended that Edward Harle Limited will publish this important work for which we hold the world rights.
• NEW REPORT STARTS HERE:
HISTORICAL GENESIS OF THE CRIMINAL FINANCE CRISIS
The wall-to-wall official corruption exposed via this website and in our financial publications International Currency Review and Economic Intelligence Review, and which continues as though there had been no discontinuity in September 2008, has its origins in devilishly pragmatic decisions taken under the Truman and Eisenhower Administrations – although the criminal propensities of the ad-hoc, opportunistic power élite can be traced back to ancient times.
For the purposes of contemporary analysis, the genesis of the prevailing unprecedented crisis can be traced not just to the signing into law by President Truman on 26th July 1947 of the US National Security Act of 1947, but also to the clandestine establishment on 4th November 1952 by the secret signature of President Truman of the National Security Agency (NSA).
Unlike the Central Intelligence Agency established under the 1947 legislation, which, it was tacitly understood, would confine its operations to outside the continental United States, the activities of the NSA were not to be constrained geographically. Moreover the NSA came to possess the world’s largest computer bank – which it operated for more than two decades before the world started to catch up and computers became standard communications equipment.
The worldwide counterintelligence crusade against Communism for which, ostensibly, the CIA was established, was galvanized on 7th April 1950 when President Harry Truman promulgated NSC-68 (National Security Council ‘Decree’ Number 68), which promoted ‘a bold and massive program of rebuilding the West’s defensive potential to surpass that of the Soviet world, and of meeting each fresh challenge promptly and unequivocally’ (1).
U.S. NATIONAL SECURITY COUNCIL : A LENINIST STRUCTURE
Before we go any further, the de facto status of the National Security Council (NSC) should be identified. This entity, controlled traditionally by the Vice President of the United States, effectively ‘sits above’ the entire Government of the United States and is in reality ‘superior’ to the Presidency itself. However for public consumption purposes, it appears to be subordinate to the White House.
In this respect, there is no difference whatsoever between the status of the US National Security Council and that of the comparable Security Council which, for instance, functioned ‘above’ the Government in Communist Czechoslovakia, of which the late defector Jan Sejna was Secretary, and President Gorbachëv’s so-called ‘Presidential Council’ which likewise ‘sat above’ the Soviet Government. In contemporary Iran, a similar arrangement prevails, in the format of the Council of Guardians, which effectively issues ‘guideline’ instructions to the Government.
The model is quintessentially Leninist – which should come as no surprise, since the more we study how the US structures really operate, the more closely they come to resemble the classic Leninist power model, as has been partially explained in some of these reports. For instance, in both the United States and the covert Soviet Union, the power triangle is identical – consisting, on the left flank, of the all-powerful Intelligence Power, complemented on the right flank by the brutal Military Power – both of which stand over the Party Power.
Although under overt Soviet Communism, the Party more or less dispensed with the ying-yang dialectical method, whereby two opposing factions, both controlled by the Intelligence Power, appear to ‘compete’ for power, under covert Communism this model was reinstated.
But the relabelled ‘former’ Communists remain Communists, so that no matter who wins elections under the covert Communist model, the Communists always win.
And because the Intelligence Power and the Party under both overt and covert Communism are interpenetrated, it is also the case, as in the United States, that no matter which political grouping appears to win an election, the Intelligence Power always wins.
U.S. POWER MODEL IS ‘PURER’ THAN THE SOVIET MODEL
In the United States, this Leninist model is even ‘purer’ than is the case in the covert Soviet Union, because, like its matching dialectical power vortex in Moscow, the Washington model presupposes the penetration of the Military Power and the dialectical (two)-Party Power by the Intelligence Power, which retains its hegemony thanks to its power of offensive penetration, which in turn stems from its comprehensive deception-only ‘ethic’.
Lies, double-cross, ‘bait and switch’ and endless diversion, by any means and at all times, are its modus operandi. It has no capability to behave in any other manner.
Logically, this also presupposes open-ended cooperation between the controlling Intelligence Power and the organized criminal underworld – which is why the Editor’s book is called The New Underworld Order [available from the books segment of this website].
PROOF THAT THE CIA AND THE MAFIA WORK TOGETHER
For the reality is that the CIA and the mafia work together, both at home and abroad. Thus the Yamashita’s gold papers, which will be featured in detail in International Currency Review, Volume 35, Number 1, to be published in the autumn, contain a diagram that specifically confirms that, in the context of the United States’ criminal operations to steal the stolen Japanese gold (hidden by the Japanese military inter alia in The Philippines during the period of Japanese power hegemony in the earlier years of the Second World War):
(a) The CIA was in charge of the depository financial arrangements with the banks, while:
(b) The mafia was placed in charge of enforcing and protecting the physical delivery of the gold, on behalf of the CIA, to its smelter and other destinations.
In other words the entire operation was not only a criminal Financial Warfare offensive, but was officially recognised to be a covert criminal operation: otherwise, overt law enforcement cadres could have been employed to guarantee and enforce the physical deliveries of the restolen gold, rather than organised crime.
Not that this posed a problem for the coordinators of the Financial Warfare operations concerned. On the contrary, criminality had become the norm, beneath the cover provided by lip-service to the Rule of Law, in accordance with the perverse, obtuse logic of the ‘Black’ French sociologist Emile Durkheim (15th April 1858- 15th November 1917), who managed to persuade gullible thinkers and relativist policymakers that the ‘natural order’ of things presupposes criminal behaviour and the law of the jungle. No doubt this deviant frame of mind had already become well and truly inculcated into the subconscious collective mentality of ‘intelligence professionals’, not least since ‘any and all means’ of destroying the Hitler régime had been ‘legitimised’ during the Second World War.
THE DURKHEIM PARADIGM: ‘ANOMIE’, ‘NORMLESSNESS’
Durkheim taught inter alia that ‘moral goals are those the object of which is society, and to act morally is to act in terms of the collective interest’ (2) – which, being interpreted, corresponds with ‘the end justifies the means’, the chief mantra of Vladimir Lenin, the geomasonic Illuminati and of all ‘Workers of Darkness’. Such a perverse philosophy, of course, overturns the very basis on which civilization is built – the ability to distinguish and to choose between good and evil, which is what the ancient Children of Israel learned before any other ethnic group, a fact that Durkheim, being of Jewish extraction, naturally understood perfectly well.
A watered-down version of Durkheimism was postulated inter alia by the American author Robert K. Merton, who wrote that ‘the technically most effective procedure, whether culturally legitimate or not, becomes typically preferred to institutionally prescribed conduct [and] as this process continues… the society becomes unstable, and develops ‘anomie’, or ‘normlessness’ (3).
This is the stage reached in the United States and Britain today: and both societies are in various stages of disintegration and collapse as a consequence. In the United States, a knowledgeable correspondent based in Washington, DC, emailed the Editor on 26th July, pointing out that that ‘my friends on the Hill are getting slammed by the calls from regular Americans. Staffers are weary of the anger coming at them from outside the Beltway. Anger is mounting, and it is all around. They demand to know what is going on’ (4) – and why, for instance, State employees in Pennsylvania have not been paid for June and were unlikely to be paid in July and August, should this White House continue sabotaging the Settlements, thereby blocking distribution of Obama’s Stimulus Money and the associated promised payments to the States.
COMPROMISED U.S. LAW ENFORCEMENT TRIES AGAIN
As it happens, it is precisely the criminal determination of the highest-level perpetrators of these endless Financial Terrorism offences that we and others have exposed and denounced – summed up by the notoriously defiant statement attributed some weeks ago to George Bush Sr., that ‘we are making so much money by trading these funds that we will just continue doing it until August, and nobody can stop us’ – which is itself driving the Settlements process (insofar as it can be detected).
This is because Gold Badges and other elements of US law enforcement appear belatedly to have woken up to the reality that the official and banking sector perpetrators, who have assumed all along that they have been protected by the National Security Act et. seq., by NSC-68 and given the hegemony of the ‘Durkheim Paradigm’, cannot and will not be allowed to get away with the total destruction of the US financial and real economies (even though this has in reality all but been achieved over the longer term: see below).
For, given the pressure exerted by the Swiss, British and Chinese enforcement cadres and by Swiss financial controllers, US Gold Badges and law enforcement have acquired the determination previously lacking due to their own compromised situations (arising from signatures appended to the equivalent of the British Official Secrets Act, and from bribery), to make life almost impossible for the perpetrators, which we believe is what has been happening behind the scenes.
DISSECTING ELEMENTS OF THE CONTROL MECHANISM
That, however, has not interfered with the requirement reportedly being imposed upon payees by the US Department of Homeland Security for payees to sign a documents agreeing to certain terms including, we surmise, a gag order. Of significance here is the reported decision that has been taken under Obama for the Department of Homeland Security to be folded soon into the National Security Council – creating a prospective White House-centred GESTAPO.
Since the National Security Council is chaired by the Vice President of the United States, it is this appointed (intelligence) official who emerges as more powerful even than the President himself – since, as stated above, the NSC, after the Leninist control model, ‘sits above’ the Presidency and all components of the Federal Government.
It is the NSC, therefore, that instructs, for instance, the National Security Agency to intensify the barrage of official lies, or shall we say ‘destructive ambiguity’, spewed out to the American people nowadays inter alia via the 55++ controlled Internet disinformation outlets (the identities of which have been exposed by the Editor in The New Underworld Order). This background explains why the greatly disliked former Vice President Cheney – a criminal operative and ‘former’ MK-Ultra controller fully conversant with all dimensions of the Himmlerian ‘Black Arts’ portfolio – was correctly perceived by Americans who sensed how evil his vibes were, to be the most powerful Vice President in American history.
As we have explained, intelligence operatives appointed to, or selected for, high office remain intelligence officers after they leave their high-profile posts – which simply means that after leaving office, they continue to handle the operations that they were running while abusing the posts that they previously held. In Richard Cheney’s case, he is reported to us to have continued seamlessly with his life of financial criminality since leaving office, as though no discontinuity had occurred – arrogantly assuming that the protection he enjoyed due to his intelligence background and his official status, could be relied upon to protect him from the consequences of his gross, serial crimes and treasonous betrayal of the trust of the American people.
‘THEY CANNOT BE ALLOWED TO GET AWAY WITH IT’
And if we read the American mood correctly, it is the thought that these criminal finance operatives may be ‘getting away with it’, that infuriates ordinary law-abiding Americans most of all. The common desire is that all these evil people, without any exceptions, should be brought face to face with a régime of merciless severity, given the criminal financial abominations that they have committed in time of war, and their relentless stealing of assets while ordinary Americans have been thrown out of work and face foreclosure on their homes.
As George Bush Sr. is notoriously reported to have observed, ‘if the American people knew what we have done, they’d hang us up on lamp posts’. Our prediction is that if the purge that is at last said to be gathering real momentum in the United States does not take urgent account of this righteous mood on the part of the furious American people, the belatedly-reacting US structures seeking to enforce the Rule of Law may live to regret their complacency.
NSC-68 AUTHORISED OPERATIONS ‘BY ALL MEANS’
NSC-68. issued on 7th April 1950 confirmed that the ‘Truman doctrine’ of ‘containment (of Stalinist expansionism) should not be purely defensive, but should seek quote ‘BY ALL MEANS short of war to foster the seeds of self-destruction within the Soviet system and an intensification of operations by covert means in the fields of economic warfare and political and psychological warfare’ (5).
The important words here have been displayed in CAPITAL LETTERS: ‘by all means’ – which, being interpreted, means of course seeking to achieve the objective by overt, covert and corrupt means, with the assistance of organised crime, deploying all known criminal methodology without restraint, stealing, misappropriating, abusing, discrediting their targets, bearing false witness, murder (even though President Ford, by Executive Order in 1976, prohibited assassinations following a series of botched operations by the CIA’s sinister ‘Health Alteration Committee’), lying to officials, lying in court, and waging unrestrained economic and financial warfare under cover of the intelligence community’s ‘crooks’ charter approved by Congress in 1947, et seq.
FURTHER LEGITIMISATION OF OFFICIAL CRIMINALITY
These developments collectively had the following consequences:
(1). Criminal activity by the Government was comprehensively legitimised.
(2). The Cold war was ‘ratified’, so that the distinction between war and peace was blurred.
(3). The role of US intelligence operations was elevated and expanded, and the size of the intelligence community was greatly enlarged.
This was dangerous enough. But as soon as President Reagan came to office, the new President’s Director of Central Intelligence, the veteran wall Street lawyer and swashbuckling wartime OSS operative, William J. Casey, persuaded Reagan to sign an Executive Order allowing the CIA to conduct covert operations within the continental United States (6).
At his Directorship nomination hearing in January 1981, Casey defined ‘covert action’ as ‘a secret operation with ‘nonacknowledgeability”. At the same time, illustrating his ability to think in double-speak, Casey defined ‘clandestine activity’ as ‘one that is secret, (and) that is not necessarily nonacknowledgeable’. This oblique language referenced the use of corporations which were not covert, but which could operate clandestinely, supporting NSC-CIA operations at home (now) and abroad. The corporations were selected to support covert operations (like the Soviets’ original US corporation, Amtorg), by making legitimate and legally constituted business enterprises available to support the Administration’s covert operations – key examples being Evergreen Aviation, Chemical New York, Capcom Financial, Continental Grain, and (notoriously) Matrix-Churchill.
These and multiple other so-called ‘Enterprise’ and ‘Conus Ops.’ Corporations had to change their operating names and locations after Casey’s suicide in hospital on 6th May 1987, but their NSC-CIA supporting operations continued.
CRUCIAL NATIONAL SECURITY DECISION DIRECTIVES
During 1982 and 1983, the Reagan Administration secretly issued three National Security Decision Directives (NSDD) – NSDD-32, NSDD-66, and NSDD-75 – to steer foreign policy and achieve, at long last, fulfillment of the aggressive Truman policy of destabilising and destroying the Soviet Union ‘by all means’, so that, once again, nothing was precluded. Specifically:
• NSDD-32, issued in March 1982, declared that ‘the United States would seek to neutralize Soviet control over eastern Europe’ and ‘authorized the use of covert action and other means to support anti-Soviet organizations in the region’ (7).
• NSDD-66, issued in November 1982, declared ‘that it would be US policy to disrupt the Soviet economy by attacking a ‘strategic triad’ of critical resources that were deemed essential to Soviet economic survival’ (8).
• NSDD-75, issued in January 1983, ‘called for the United States not to just co-exist with the Soviet Union, but to change it fundamentally’ (9).
SIX EXTERNAL OBJECTIVES IDENTIFIED UNDER REAGAN
Thus both the policy objectives, the presidential (NSC covert) instructions and the needed financial (corporate) conduits were in place by January 1983, with six areas of financial concern highlighted for immediate attention, according to authoritative sources. These were as follows:
(1). The Soviet covert operations uncovered by ‘FAREWELL’ – a source within the Soviet first Chief Directorate run by French counter-intelligence, the DST. The DST agent discovered the Soviets’ intention to steal and/or buy US high-tech technology, via Amtorg-like Soviet corporations, i.e. via ‘mirror images ’ of US ‘Enterprise Ops’. Between 1976 and 1980, for instance, the Soviet Ministry of Aviation had saved over $800 million in Research and Development costs by transferring high-tech technology from the United States via this covert operation (10).
The corollary of this important discovery was that a weakness in the Soviet military complex had been uncovered which, as was interpreted by the Reagan Administration, meant that the Soviets’ reliance on ‘buying’ or else stealing foreign technology could be weakened by undermining the USSR’s ‘purchasing capacity’. The Soviet ‘strategic triad’ consisted of export sales of oil, export sales of natural gas, and the US hard currency resulting from such sales (11).
(2). Poland and continued support for Solidarity (12).
(3). Military support for the anti-Soviet Mujaheddin in Afghanistan (13).
(4). Financial and military support for the Contras in Central America (14).
(5). Funding and support for the purchase of arms by Iraq in the Iran-Iraq War (15) ; and:
(6). Anti-Soviet economic operations designed to achieve a fundamental change in the Soviet system (16), as provided for under NSDD-75.
GOLITSYN’S ‘ONE STEP FORWARD, TWO STEPS BACK’ WARNINGS IGNORED.
Since the CIA were not listening to the warnings about Soviet strategic deception capabilities by Anatoliy Golitsyn (17) (who got some elements of Soviet deception, such as ‘FAREWELL’, wrong), it failed to understand or recall that the Soviet Leninists invariably followed Lenin’s basic teaching religiously – including his famous dictum ‘One Step Forward, Two Steps Back’.
Accordingly, the CIA, and Western intelligence generally, were unaware that the Soviets, having recognised that the Reagan Administration had revitalised Truman’s ‘containment’ policy and was now engaged in waging ruthless warfare against the USSR ‘BY ALL MEANS’ short of war, were now proceeding to apply this Leninist principle to the letter.
Specifically, the Soviets responded, following the ‘Festival of Three Funerals’ (the rapid quick-step demise of Messrs Brezhnev, Andropov (Lieberman) and Chernenko), with the abrupt elevation (not without a couple of murders in the process) of Mikhail Gorbachëv, head of the Communist Party of the Soviet Union’s most powerful structure, the Administrative Department, to the position of CPSU General Secretary. Gorbachëv, who surfaced in the top post in 1985, proceeded without delay to prepare the ground for a deceptive Leninist response.
THE SOVIET RESPONSE TO THE REAGAN OFFENSIVE
Accordingly, the KGB would orchestrate an apparent ‘transformation’ of old Soviet attitudes and society, while Soviet Military Intelligence (the GRU, fronted since 1999 by the top GRU operative Vladimir Vladimirovich Putin) would supervise the continued covert coherence of the Soviet Union, with the Communist Party operating underground.
This dialectical (two-faced, double-minded, Leninist) strategy would, Soviet long-range planners calculated, hoodwink the Americans into assuming that their strategy’s expected ‘success’ would be permanent and could never be reversed, while at the same time providing the Soviet Leninist strategists with a unique opportunity for a ‘Blowback’ operation involving, especially, the release of large numbers of Soviet mafiya operatives from jails and KGB-linked cooperative structures, for penetration of the United States en masse.
The Soviet strategists appear to have calculated, accurately, that US covert operatives would become so intoxicated with the ’success‘ of their Financial Warfare operations against the Soviet Union, that they would fail to understand that the same techniques could and would just as easily be deployed against the United States itself.
RUSSIAN WARNING ABOUT A WAVE OF CRIMINALS
This, certainly, was what the deeply Leninist Russian Serious Crimes Investigator, Boris Uvarov, meant when he told the late Clare Sterling in Moscow in 1992 that Western authorities had no clue what was about to hit them. ‘Naturally it‘s wonderful that the Iron Curtain is gone, but it was a shield for the West’, he told her. ‘Now we’ve opened the gates, and this is very dangerous for the Rest of the World. America is getting Russian criminals; and Europe is getting Russian criminals. They’ll steal everything. They’ll occupy Europe. Nobody will have the resources to stop them. You people in the West don’t know our mafiya yet. You will, you will’ (18).
WHY THE SOVIETS HAD FAITH IN THEIR LENINIST PRESCRIPTION
This of course was a threat, as well as being an informed statement by an official who was fully cognizant of the underlying medium-range Leninist deception strategy of the deliberately ‘chaotic’ era fronted by the former Secretary of the Moscow Communist Party, Boris Yeltsin (Baruch Ellia), and knew what was intended. In simple terms, the aggressive Americans were to be allowed to wallow in their Financial Warfare operations, but in doing so they’d expose the United States itself to destabilization on a scale to rival the ransacking of the Soviet Union. And this devious ‘One Step Forward, Two Steps Back’ strategy would be guaranteed success for two fundamental reasons:
(1) The Americans and British, being motivated by their lust for access to Soviet energy resources, would be allowed to transfer Western technology to the covert Soviets on an open-ended basis until the rehabilitation of the Soviet energy sector was complete, a process that was expected to take a decade. Thereafter, the ‘assets of the Party-State’ would be progressively clawed back by the successor régime which would be directed by Soviet Military Intelligence (GRU), the guardian of the Party-State. Note: In 2003, senior US intelligence officers attending a seaborne conference were shocked when told that Putin is a top GRU operative. They thought he was KGB.
(2) Since the US Financial Warfare operation was being implemented by the CIA, a known criminal enterprise interfacing with and interpenetrated by organized crime, Soviet KGB cadres linked into the vast Soviet underground criminal economy could rely upon US greed and corruption to prevail over the original Reagan-era geostrategic objective – corrupting US operations internally from the outset. Thus the covert Soviet criminalists would enjoy carte blanche as they applied fresh opaque layers of graft and corruption upon the convoluted strata of institutionalised American intelligence community corruption and sleaze, ensuring a terminal condition of corruption throughout the key structures. This calculation, based on the Soviets’ operational experience, proved to be correct.
Its intellectual foundations rested upon analytical work conducted by Yakovlev’s Institute for the Study of the USA and Canada, which had accurately identified the poisonous presence within the US Federal official structures of what we now recognise as the Bush Crime Syndicate, linked via Kissinger and Bush Sr. to the pan-German long-range perversion and subversion operation based in Dachau, Deutsche Verteidigungs Dienst (DVD). Since the Soviets and the Germans work closely together at the highest intelligence level, the Politburo would in any case have been familiar with the implications of this long-range ‘corruption from within’ operation masterminded by the heirs of the Nazi Abwehr through their Fifth Column operations in America.
THE BUSH-CIA-DVD CRIME SYNDICATE MOVES INTO ACTION
Likewise, having studied the precise workings of the US financial system in detail in 1982-84, Vice President George H. W. Bush arranged for the inside information obtained from that study to be exploited for criminal theft and collateral-grabbing purposes first, via the scamming of the Savings and Loan sector during the 1980s – a development which was triggered almost immediately following liberalization measures implemented early in Reagan’s first term – and secondly, in fulfillment of Reagan’s three Executive Orders mandating the destabilisation of the Soviet Union ‘by all means’ in conformity with NSC-68.
Bush Sr. then set about effectively converting the CIA into his own controlled criminal operation – further locking the CIA into his and the DVD’s orbit by procuring the renaming of the CIA’s Langley headquarters as the ‘George Bush Center for Intelligence’.
It is beyond belief that there appear to have been no brains within the CIA capable and robust enough to work out what such a putsch would mean for the Agency, should it ever be inclined, in any future moment of fleeting sanity, to ‘clean up its act’.
In other words, the stage was now set for the application of criminal methodology in fulfillment of President Reagan’s revitalized Financial and Economic Warfare instructions – a task for which the Bush Crime Syndicate was ideally suited, and for which it assumed it had carte blanche authority.
In the preceding report, we trailed the reinterpretation, therefore, that the ransacking and pillaging of the Soviet Union was a criminal conspiracy perpetrated by the CIA-DVD (Bush) Syndicate under cover of Reagan’s instructions, which ran completely out of control.
One of the key operatives involved in this operation was Leo Wanta, who emerges from all this as George Bush Sr.’s bagman and a custodian of a large number of offshore corporate bank accounts established under Reagan’s Executive Order 12333 which empowered US intelligence operatives to form corporations of which the operative would own the shares and control the bank accounts in question – a wholly reckless departure, given that intelligence operatives specialise in lies and deception so that, by definition, none of them are ever to be trusted.
And some can be trusted less than others.
UPDATED ANALYSIS JUDGED TO BE ACCURATE
As previously reported, when we ‘tested’ this updated analysis recently with a respected and knowledgeable ‘connected’ US source, we were immediately informed that it is accurate – and also that, moreover, whereas this revised analysis is the product of intellectual deduction, the source in question had acquired this understanding as ‘hard information’. This therefore explains why Mr Bush Sr. has been reported at times to insist that the funds held in the ‘Wanta’ bank accounts that the Editor extracted from the mass of documents obtained from the public domain that we hold, were ‘his (George Bush’s) funds’. It is these funds that are intended to be washed (i.e., laundered) THROUGH THE SOVEREIGN, to emerge ‘clean’ and ONTO THE BOOKS, under extreme pressure from the international community headed by The Queen.
Stepping back for a moment, it will therefore be more clearly seen that the ‘takedown’ of the Soviet Union was exploited, in effect, as cover for a colossal pillaging and raping operation by organised criminal elements within the US intelligence community, on a scale with no historical parallel.
And what the Americans may have failed to understand is that, in appearing to collaborate with the US and Western perpetrators of this unprecedented onslaught, the Soviet strategists applied, with consummate skill, Lenin’s ‘One Step forward, Two Steps Back’ principle – with the longer-range objective of making money in the interim and then turning the tables on the rapacious Americans as they complacently gorged themselves with the spoil: which is what has happened.
THE ‘SORCERER’S APPRENTICE SYNDROME’
But beyond that dimension, the heady criminal intoxication associated with the pillaging offensive has exhibited clear signs of the ‘Sorcerer’s Apprentice’ syndrome. Because, having exhausted the seams of the Soviet mine, the Bush-CIA-DVD Syndicate, which was now amply financing not just the CIA’s ‘Black Ops’ budget, but the total political hegemony of the CIA itself was unable, and had no intention, of reverting to its precarious understanding of the ‘Rule of Law’ mode. On the contrary, if the USSR could be ransacked, so could any other target – including the United States itself.
In other words, the precedents of the criminal cadres’ ‘success’ in pillaging the US Savings and Loans and the Soviet Empire, formed the basis for open-ended criminal finance operations across the board – building on the already deeply embedded Fraudulent Finance and trading operations that had long since infected banks all over the world as a direct consequence of the proliferation of US intelligence corporations and their associated clandestine bank accounts – a device copied by the Gorbachëv Politburo in 1991.
WANTA REMOVED FROM ACCESS TO THE ACCOUNTS BY BUSH-CLINTON
Meanwhile, Bush Sr. plotted with his selected associates, the Clintons, to remove Leo Wanta from access to the accounts at the foreign institutions listed again in our report dated 17th July 2009, by orchestrating the events in Lausanne when Mr Wanta was arrested on 7th July 1993 and thrown into that stinking Swiss dungeon on trumped-up charges of not having paid $14,127 of Wisconsin state tax which had in fact been paid twice already (in May and June 1992), and which the Editor’s stolen loan funds extended to Mr Wanta which should have been repaid with interest on 11th June 2007, paid for a third time [see Archive report dated 6th August 2007].
As Wanta, like Vreeland, knew about the 9/11 abomination plot in advance, he was held in jail after the kangaroo court session in 1995, until a few days after the ‘Reichstag Fire’ event, to ensure that any risk of him exposing in advance the insider plot to blow up the Twin Towers arising from his antagonism towards Bush Sr., would be minimised (info from a source ‘special’ to this service).
‘UNINTENDED CONSEQUENCES’ COVER FOR CHAOTIC OUTCOMES
It is worth pointing out here that the above outline of how this crisis has developed in recent years remains consistent with the well-known dialectical, manipulative methodology whereby the self-appointed and deluded power elite, working through Freemasonry which acts as the host for Sufi-Sabbatean Illuminism in its many perverted formats, seeks to achieve its objectives.
The well-known cycle of Thesis, Antithesis and Synthesis revealed by Engels never actually reaches the pre-planned Synthesis because its sponsor, the Devil, is the author of all lies and confusion. It follows that the operations of all Workers of Darkness – the CIA and its affiliates, DVD, KGB, GRU et al. – invariably lead to chaos and confusion: or, to satisfy the complacent intellects of ‘the interested’, to so-called ‘unintended consequences’.
This means that outcomes always diverge from what was planned and intended – a lesson that these people seem quite incapable of absorbing.
OBAMA’S HIDEOUS HEALTH CARE LEGISLATION:
THE GOVERNMENT WILL APPEAR AT YOUR DEATHBED
Accordingly, the operatives in charge of the White House, the American Treasury and the Federal Reserve have shown themselves to be incapable of comprehending the inevitable ‘unintended consequences’ of their perverse behaviour, which the Obama Administration is compounding with such incredible follies as the HR 3200 Health Care Bill which the nonpartisan Congressional Budget Office calculates will saddle US taxpayers, at its conservative estimate, with $1.04 trillion in new Federal outlays over the next decade. This iniquitous Leninist bill provides, incidentally, for the US authorities to sanction the de facto murder of ‘end-of-life’ patients [see pages 85, Line 7; 272, Section 1145; 425, Lines 4-12; 425, Lines 22-25; 426, Lines 1-3; 427, Lines 15-24; 429, Lines 1-9; 429, Lines 10-12; 429, Lines 13-25; and 430, Lines 11-15 of HR 3200].
Further, this ideologically motivated draft legislation – a primary component of the ‘convergence’ operation to achieve ‘Synthesis’ between the socialising United States and the ‘capitalising’ covert Soviet Union – disregards the financial implications: illustrating the point made above, namely that the key structures of the US Government are not interested in contemplating the train wrecks they are engaged in creating and exacerbating.
THE DEVASTATING TESTIMONY OF NEIL BAROFSKY
By far the most telling indication of this syndrome surfaced on 20th July, when it was reported (first briefly by Bloomberg and on 21st July, equally briefly by the Financial Times) that Neil Barofsky, the CONGRESS-appointed technocrat who operates from within the Treasury as the Special Inspector General for the Troubled Assets Relief Program (TARP), had informed the Congress, in testimony prepared for a hearing on 21st July before the House Committee on Oversight and Government Reform, that the total value of new guarantees and obligations amassed by the Treasury since the passage of the TARP legislation in November 2008, had reached $23.7 trillion.
Mr Barofsky, whom President Obama (who has now taken to sacking Inspectors General to whose findings he (or Rahm Emanuel) takes exception) cannot dismiss, because he is a Congressionally-mandated appointment, went on to make the following DEVASTATING STATEMENT for the frantic Congress to consider:
‘TARP has evolved into a program of unprecedented scope, scale and complexity’.
DEADLY CONSEQUENCE OF HANDING UNLIMITED POWERS TO PAULSON
This has happened because, as you will doubtless recall, that criminal Henry M. Paulson, aided and abetted by the now suddenly more sanguine Dr Ben Bernanke, appeared before the Congress last October and threatened Armageddon, if the Legislative Branch did not immediately provide the Treasury Secretary with the sweeping powers that he demanded (on the basis of a three-page draft bill which the duo handed to Congressmen for their attention).
After Congress rejected this blackmail out of hand, it then did what it always does – embarked upon a stupendous pork-barrel fest, producing a bill running to nearly 480 pages. Although the Treasury Secretary did not manage to pull off his arrogant ‘total immunity from all future consequences of my actions’ provision, Paulson DID obtain blanket powers to do what he liked.
RECKLESS DISPLAY OF IRRESPONSIBLE TREASURY STEWARDSHIP
So he proceeded, after passage of the bill, to embark upon the most reckless display of wanton behaviour ever perpetrated by any US Treasury Secretary since the foundation of this benighted Republic – focusing on the provision of guarantees to Fraudulent Finance derivatives transactions which, as we have demonstrated, are devoid of all value since the packaged, securitised and on-sold assets are stamped WITHOUT RECOURSE by banks offering them for securitisation.
ESSENCE OF THE ‘WITHOUT RECOURSE’ FRAUD
For instance, a typical housing mortgage Promissory Note for a mortgagor in Virginia dated May 2006 of which we hold a copy, is stamped: Pay to the Order of [Blank] WITHOUT RECOURSE: Bank of America N.A.; By: Christina M. Schmitt [Signature], Assistant Vice President. The accompanying Deed of Trust is stamped: Pay to the order of [Blank] WITHOUT RECOURSE: Bank of America N.A.; By: John E. Mack, Sr. Vice President. The text of the Deed of Trust contains the following language:
‘Lender: the word “lender” means Bank of America, N.A., its successors and assigns. The words “successors and assigns” mean any person or company that acquires any interest in the Credit Agreement’.
From this example, the following is concluded:
(1). Bank of America absolves itself of all responsibility for the fact that the ‘asset’ is ‘dud’ because it has stamped the papers: WITHOUT RECOURSE.
(2). Nevertheless, the bank is aware, given this stamp, that the ‘asset’ is devoid of real value, given that the ONLY real income stream consists of the mortgage payments by the mortgagor to the bank. Thereafter, as the bank makes clear via its WITHOUT RECOURSE stamp, which was appended to the documents AFTER their signature by the mortgagor and without his/her knowledge, no ‘assign’ can have access to the sole income stream.
(3). Even so, the bank intends to sell this ‘asset’ to an ‘assign’ for packaging (securitisation), or bundling with X other ‘assets’ by a specialist ‘packaging house’ for onward sale to whichever Fraudulent Finance specialist purchases the bundle, and to pay what it is prepared to pay for it.
(4). The bank has extended the definition of ‘lender’ to include ‘assigns’ even though the ‘assigns’ actually do no lending. All that happens is that the bank receives a second (discounted) payment from the ‘packager’, on top of the income stream from the mortgagor.
(5). The bank is itself engaged in dubious finance, while the ‘assigns’ are engaged in Fraudulent Finance operations – marketing ‘assets’ that are underpinned by no flow of funds, as the ‘assets’ are stamped WITHOUT RECOURSE.
NEW JERSEY COURT DECISION AGAINST DEUTSCHE BANK
On 14th July 2009, as we briefly reported, a new Jersey Court dismissed a foreclosure action filed against the sundry borrowers by Deutsche Bank Trust Company America as the alleged Trustee for a securitised mortgage loan trust after Deutsche Bank had wilfully, and despite the entry of THREE separate Court orders, refused (i.e. proved UNABLE) to produce top-copy documents demanded by the borrowers which included documents setting forth the identity of the true owner and holder of the Promissory Note and of the mortgage, the complete chain of title to ownership of the Note and mortgage, payment application histories, and documents as to the securitised loan trust.
The Court had given Deutsche Bank multiple opportunities and extensions of time within which to produce the documents, but Deutsche Bank continually refused (i.e. was UNABLE) to produce ANY of the documents requested, resulting in the dismissal of Deutsche bank’s foreclosure action. The Court also ruled that Deutsche Bank is not permitted to re-file any foreclosure action whatsoever until it is produces ALL of the subject discovery. The attorney representing the borrowers, W. J. Barnes PA, has numerous other cases pending, in which similar discovery requests have been lodged with Deutsche Bank, none of which had been complied with. And it gets worse.
NEW YORK COURT RULING AGAINST DEUTSCHE BANK
Deutsche Bank was additionally the subject of a recent ruling in a case in New York in which the Court denied Deutsche Bank’s Motion for Summary Judgment. Without elaborating in detail here, it transpired that 142 days after the borrower was claimed to be in default, a ‘derived’ ‘asset’ based on his mortgage agreement (i.e. a ‘toxic’ loan) was assigned to Deutsche Bank. The Court required a satisfactory explanation, via sworn Affidavit, by an officer of the securitised trust, as to why, in the middle of ‘our national subprime mortgage financial crisis’, Deutsche Bank would consider it sensible to purchase a nonperforming loan from a nominee.
The Court further enquired as to whether Deutsche Bank violated a corporate fiduciary duty to the Note holders of the securitised mortgage loan trust with the purchase of a loan that had defaulted 142 days prior to the assignment of the (therefore ‘toxic’) loan to the trust.
A commentary provided by Attorney Barnes elaborated: ‘It appears that Deutsche Bank may have done so to take advantage of one or more ‘credit enhancements’ inside the securitised mortgage loan trust which pay benefits upon declaration of the default. These credit enhancements are extremely complicated and multi-layered, and are required by law in connection with the issuance and sale of the mortgage-backed securities ‘backed’ by the trust’.
‘The assignment of the mortgage and Note to the securitized trust, which were already in default well in advance of the assignment, would permit Deutsche Bank both to realize a profit through payment of credit enhancement benefits (which effect a paydown of the claimed ‘default’) while simultaneously permitting Deutsche Bank to institute a foreclosure, thereby resulting in a ‘double dip’ (actually, a triple-or-more dip’ – Ed.) for Deutsche Bank. This is, of course, illegal; but unless competent counsel raises the issue, it goes unnoticed and Deutsche Bank, like so many other foreclosing parties, winds up stealing the borrower’s property and getting paid for doing it’.
However, as our report dated 26th December 2007 pointed out, the original lending bank actually winds up being paid prospectively FOUR TIMES for the same mortgage: first, by the mortgagor; secondly by the ‘packager’; thirdly, via the insurance mechanism outlined above; and in the fourth place, when the bank enters the real estate market and sells the foreclosed property.
U.S. COURTS ARE KNOCKING THE FALSE BOTTOM OUT OF DERIVATIVES
We are now at the receiving end of a massively expanding portfolio of detailed information about such cases, which are piling up in the Courts right across the United States. An especially large file of foreclosure cases has been sent to us from California. The significance of all this hassle is that as unfortunate Americans and their advisers are becoming better informed about these frauds, and as the US Courts become less and less willing to tolerate the criminal behaviour of the recalcitrant big lending banks, the bottom is gradually being knocked out of the fraudulent derivatives sector BY THE COURTS themselves, even as the financial engineers try to revive securitisation.
This makes it all the more reprehensible that Mr Barofsky had to inform Congress on 21st July 2009 that the Treasury had guaranteed $23.7 trillion of trash ‘assets’ since the Legislative Branch was blackmailed and bounced into making the catastrophic mistake of endowing the Treasury Secretary with unlimited powers to do exactly what he liked, to ‘save the system’ – when what was actually going on was that the US Treasury was buttressing the criminal enterprise banks which had all been running this ‘bankers’ ramp’ for years.
BAROFSKY CITES ‘CONFLICTS OF INTEREST’ AND ‘COLLUSION’
Nor did Mr Neil Barofsky mince his words when he appeared before the House Committee on Oversight and Government Reform. In his report to Congress, the Congressionally-appointed official whom Obama and Geithner cannot sack, elaborated that ‘disagreements remain’ between his Office of the Inspector-General for the Troubled Assets Relief Program [Sigtarp) and the Treasury itself over various crucial matters, and that there are [READ THIS CAREFULLY]:
‘… FUNDAMENTAL VULNERABILITIES… RELATING TO CONFLICTS OF INTEREST AND COLLUSION, TRANSPARENCY, PERFORMANCE MEASURES, AND ANTI-MONEY LAUNDERING’.
TREASURY TRIES TO BURY BAROFSKY’S DEVASTATING REPORT
The Geithner Treasury’s response to this scathing criticism from its very own Congressionally-appointed official was the quite astonishing one of trying to dismiss Mr Barofsky’s $23.7 trillion out of hand, with the add-on that it was ‘not useful’. However, significantly, the US Treasury’s response EXPLICITLY failed to challenge Mr Barofsky’s arithmetic – given that he had in fact simply added up the new obligations and guarantees, which was how he arrived at his number.
Obviously, Mr Geithner et al recognise that if he so wishes, Mr Barofsky has the option of providing the Congress with a complete list of the guarantees and obligations in question.
The Treasury simply retorted that the total included programmes that had never been used or that were being wound down. But it gave the game away by attempting to minimise what it knows is a calamitous state of affairs, by complaining that Barofsky had failed to incorporate assets acquired by the Government, such as equity in banks and automobile manufacturers, which, the Treasury, claimed, offset some of the risk that the Treasury had acquired! The vacuous hollowness of that claim revealed just how bare the Treasury’s intellectual cupboard has become.
Aware of the explosive nature of Neil Barofsky’s revelations, the Treasury then did its best to smother the report altogether – which of course is why we draw your kind attention to its quite exceptional importance here.
BERNANKE CONDEMNS HIMSELF AND HIS STEWARDSHIP
Meanwhile in his Congressional testimony and public comments at a ‘town-hall-style’ meeting in Kansas City, Missouri, Dr Bernanke has revealed that total Medicare and Medicaid obligations outstanding already exceed $35 trillion, so that the proposed Barack Obama Health Care Bill would (unstated) hardly be a wise move. Astonishingly, Bernanke told the Kansas City meeting that not only was he ‘not going to be the US Federal Reserve Chairman who presided over another Great Depression’, but that ‘I have a lot of confidence that within a few years [sic] we will not only be back on track, but that we will be growing strongly again’.
This is ‘hard to believe’, given that all observers are aware that the ‘next whammy’ will be the commercial real estate sector, which suffers from exactly the same toxicity, and for the same Fraudulent Finance reasons, as the devastated home mortgage sector. One assumes that Dr Bernanke was just flannelling to keep his audience happy on that occasion.
FED CHAIRMAN HINTS AT YET MORE GUARANTEES – FOR COMMERCIAL REAL ESTATE
Indeed, when testifying before the Senate Banking Committee on 25th July, Dr Bernanke admitted that a prospective wave of defaults in the commercial real estate sector ‘may’ present a ‘difficult’ challenge for the US economy. Under questioning, the Chairman then reached immediately for the Paulson/Geithner solution, telling the Committee that the authorities ‘could’ provide Government guarantees for commercial mortgages – against the background of an average 7.6% decline in commercial real estate prices in May, bringing to total decline to 35% since the market’s peak, according to Moody’s Investors Service. Real Capital Analytics Inc. reported in late July 2009 that commercial properties in the United States valued at more than $108 billion are now in default.
But Dr Bernanke has NO SOLUTION EXCEPT MORE OF THE SAME. This is what he told Senator Christopher Dodd (Stalin’s grandson), the Committee Chairman:
‘As the recession’s gotten worse in the last six months or so’ [unspoken: thanks to the perverse application of the WRONG policy responses selected by myself and my White House and Treasury colleagues – Ed.] ‘we’re seeing increased vacancies, declining rents, falling prices – and so, more pressure on commercial real estate. We are somewhat concerned about that sector and are paying very close attention to it. We’re taking the steps that we can through the banking system and also through the securitization markets to try to address it’.
$60 TRILLION ON THE BASIS OF THESE NUMBERS ALONE, AND COUNTING
So, in the face of $35 trillion of unfounded Medicaid and Medicaid obligations, plus $1.04 trillion of additional avoidable costs arising from Obama’s recycled Hillary Clinton Health Care Bill, and $23.7 trillion of guarantees and obligations identified by Mr Neil Barofsky, for a total of $59.74 trillion and counting, the Chairman of the Federal Reserve Board is nonchalantly suggesting that, given the powers enabling the Treasury secretary to do anything he likes that the compromised Congress so recklessly handed to Henry M. Paulson and his successor, it might be a good idea for open-ended guarantees to be dished out to the failing commercial real estate sector, as well.
And in almost the same breath, Dr Bernanke also told the Senate Banking Committee that the market for debt ‘backed’ by commercial mortgages ‘has completely shut down’ – even though the Chairman simultaneously said that the authorities would be taking ‘what steps we can… through the securitization markets’ to ‘address’ the problem.
BERNANKE’S NUMBERS RUBBISH THE OMB DATA
In addition, to make matters worse, the Chairman of the Federal Reserve Board may not have fully appreciated that in revealing his $35 trillion outstanding obligations estimate for Medicaid and Medicare, he was contradicting the Director of the Office of Management and Budget (OMB), Peter Orczag. According to the OMB’s ‘reworked’ debt data presented for public consumption in the first quarter of 2009, are as follows (in millions of dollars):
• (1) Gross Federal Debt, as published by the Office of Management and Budget: $ 12,867,455.
• (2) Less: Funds Held by Government Accounts (as required by Statute). These are all earmarked Trust Funds, required to meet future welfare etc obligations: $ 4,336,088.
• (3) ‘Total’ Federal Debt as reported by the Office of Management and Budget. This ‘total’ is a ‘smoke and mirrors’ number, since the funds in Column 2 are not only required by Stature to meet future commitments, entitlements, etc, but have already been squandered as current expenditure, as the surpluses in the Trust funds are required by law to be ‘invested’ in the Federal Funds (= for current expenditure): $ 8,531,367.
• (4) Therefore, to arrive at the ‘true’ US Federal Debt outstanding on the basis of the OMB’s published data (which is itself unreliable), the Trust Fund data from Column 2 must be added back to so-called ‘Total Federal Debt. Column 4 shows Federal Debt with Debt Held by Government Accounts added back: $ 17,203,543.
• (5) HOWEVER, since the Trust Fund monies [Column 2] have actually been spent on current expenditure, the objective reality is that the Column 2 data should be ‘added back’ TWICE – to reflect (a) the fact that the Trust Fund monies have been squandered as required by law on current expenditure; and (b) the requirement for these earmarked funds to be available to meet future obligations: $ 21,539,631.
Source: Table in Economic Intelligence Review, Volume 12, Numbers 3 & 4, page 30.
[We arrive at almost $30 trillion in column 5, on the basis of the OMB’s current numbers, only in 2014 – and, furthermore, column 5 is ‘controversial’ because it incorporates the squandered Trust Fund accruals twice, to account for (a) the fact that they have long since been dissipated on current expenditure, and (b) are required to meet future mandatory obligations, as well].
OFFICIALS PLAY FAST AND LOOSE WITH EACH OTHER’S NUMBERS
So, while everyone is aware that the OMB’s numbers are in any case made of India Rubber, it is noteworthy that Dr Ben Bernanke, who, with his colleagues Paulson and Geithner, has knowingly played fast and loose with the financial futures of hundreds of millions of American taxpayers for several generations to come, likewise plays fast and loose with Mr Orszag’s numbers, as well. Both of you can’t be right, Dr Bernanke. Or did you imagine that nobody would notice?
Of course, the Chairman’s estimate is much more likely to be ‘ballpark’ than those published by the notoriously inaccurate Office of Management and Budget. But, just as we have the Treasury’s Neil Barofsky saying one devastating thing only to be contradicted by his own Treasury colleagues, so we also have the Chairman of the Federal Reserve Board rubbishing the figures published for public consumption by the Director of the OMB.
Meanwhile, a conservatively estimated additional $1.04 trillion is to be added to the slate as the bill for Obama’s Leninist Health Care legislation, which inserts the Government at Americans’ death bedsides, and ties their heirs up with many further trillions of costs – to be financed by a Treasury that is bankrupt and has willfully refused to implement the US Dollar Refunding procedures which alone have the capability of lifting the United States’ finances out of the morass for which these criminal financiers, intent upon protecting themselves and their co-conspiring criminal financial enterprises, are responsible.
THE QUEEN’S POINTED QUESTION AT THE L.S.E.
In Britain, the press has refocused on an incident in November last year when Her Majesty The Queen visited the London School of Economics. Her Majesty, who is extremely astute and well informed, asked Professor Luis Garicano, of the Economics Management Department, about the origins of the credit crisis, with the following question:
‘Why did nobody notice it?’
The Professor told The Queen:
‘At every stage, someone was relying on somebody else and everyone thought they were doing the right thing’.
The Professor said later: ‘The Queen asked me: ‘If these things were so large, how come everyone missed them?’ (19).
Following The Queen’s visit, Professor Tim Besley (a member of the Bank of England’s Monetary Policy Committee, no less) and Professor Peter Hennessy, a prominent political historian, wrote a three-page letter to The Queen, some details of which have now, all of a sudden, been released. The letter contained the following:
‘In summary, Your Majesty, the failure to foresee the timing, extent and severity of the crisis and to head it off, while it had many causes, was principally a failure of the collective imagination of many bright people, both in this country and internationally, to understand the risks to the system as a whole’ (20).
LETTER TO THE QUEEN EXAMINED BY THE BRITISH ACADEMY
On Sunday, The Observer addressed the same matter; and according to that newspaper, Professor Garicano’s response to Her Majesty’s question was more extensive:
‘She seemed very interested and asked me: ‘How come nobody could foresee it?’ I think the main answer is that people were doing what they were paid to do, and they behaved according to their incentives, but in many instances they were being paid to do the wrong things from our society’s perspective’ (21).
Both newspapers revealed that the content of the letter to The Queen was discussed at the British Academy in June, in the presence of Nick MacPherson, the UK Treasury Permanent Secretary, the Chief Economist with Goldman Sachs, Jim O’Neill, and The Observer’s distinguished veteran economics columnist, known to the Editor of this service, William Keegan.
Mr Keegan used to read our material, but appears to have failed to do so of late.
QUEEN MISINFORMED BY THESE NOTED ‘EXPERTS’
Likewise, the Bank of England cancelled its subscription to International Currency Review some time ago when we ‘got too hot’ for the journal to be seen lying around on official desks inside that establishment. The British Treasury is severely delinquent with its subscription, a point repeatedly brought up by our back-office with its subscription intermediaries, Swets, And in one of his very last moves before leaving office, Henry M. Paulson ordered the Library at the US Treasury to cancel the subscription to International Currency Review that had been running since 1970.
All of which is somewhat unfortunate since, if these ‘experts’ had bothered to read and take on board what we posted on this website on 2nd September 2006, again in early December 2006, and in the summer of 2007, and what we have meticulously published in International Currency Review as the crisis exploded in their faces, they would have seen the train wreck coming.
The Professors at the London School of Economics have even less excuse here, because the LSE subscribes to this journal. And when they resorted to the usual trick of ‘experts’ and politicians who have failed to do their job properly and are very anxious not to be held accountable for their failures – claiming that ‘nobody could possibly have foreseen this, and nobody did’ – they most unfortunately misinformed Her Majesty The Queen.
What they SHOULD have said was that ‘the crisis was predicted by International Currency Review, Your Majesty, but we did not take their predictions seriously’.
IRAQI LEADER’S SECRET VISIT TO THE WHITE HOUSE
On Friday 24th July, the Prime Minister of Iraq, or possibly the President of Iraq, was driven to the White House – a fact that has not been reported in the open media. His unnanounced appearance snarled the traffic and closed down Pennsylvania Avenue – raising the question: what was the purpose of this ‘secret’ visit?
We speculate that its purpose was to make arrangements for stolen and diverted funds stashed by the official American financial operatives with the White House-controlled Central Bank of Iraq to be disgorged by the Central Bank (with payoffs for Iraqi officials, naturally) and probably also for certain related funds to be channelled into tax-free country accounts with the International Monetary Fund and/or the World Bank. These are the only hiding places left.
Disgorgement of hidden funds held with the Central Bank of Iraq will have been ‘necessary’ given indications of a few Settlements payments having been effected ahead of Monday 27th July, until which date the funds earmarked for payout were said by sources to be ‘encumbered’.
At 3:55 a.m. EDT, The Washington Post announced that the US Secretary of Defence and former Director of Central Intelligence, Robert Gates, arrived in southern Iraq for an unannounced visit. The newspaper said he would be meeting Prime Minister Nouri al-Malaki. Again on a speculative basis, this strongly suggests that there are problems between the White House and the Iraqi Government over the disgorgement of funds stashed with the Central Bank of Iraq.
• We stress that this is OUR interpretation, but people we have spoken with did not deny it.
HOMELAND SECURITY DOCUMENT TO BE SIGNED
This information was associated with reports to the Editor that payees were being required to sign a document proffered by the Department of Homeland Security laying down the terms on which the payees’ remittance could be accepted. According to our sources, some payees were extremely surprised at being asked to sign anything.
• We were told that in the absence of such signatures, the payees would forfeit their funds.
• The Homeland Security document was also thought to embrace a gag order.
INCREASINGLY HYPER WHITE HOUSE BEHAVIOUR AHEAD OF HIGH-LEVEL CHINESE VISIT
Since our last posting, President Obama is reported to have fired his Secret Service chief (the report of which was removed from the Internet). Pennsylvania Avenue has been blocked off with yellow tape (as of 25th July, at least), and the White House helicopters were flying in and out of the White House grounds all day on Saturday, with tourists not allowed anywhere near the place.
A resident mole tells us that policemen were everywhere to be seen, while cell phones and laptops were being scrambled and cell telephone messages truncated after no more than three sentences, when connections were being lost.
• Additionally, as posted below, we have received our first tentative report about ‘people being removed’. While the very noticeable commotions in Washington on Saturday, reported to us now by several sources, could have been related to the visit of the Chinese delegation [see below], it is also speculated that they may have been connected to implied ‘horizontalisations’. Obama’s earlier on-TV comment that if people break into his house, they will be shot [see also below] can similarly be viewed in this context. These considerations are all SPECULATIVE at this juncture.
Recently, low-flying aircraft operated ALL NIGHT over Washington DC. Enquirers were told that NORAD was conducting some ‘tests’ over the capital, which was, to put it mildly, highly unusual.
However these disturbances were thought initially to have been associated with the arrival of a huge high-level Chinese delegation in Washington. At least 150 Chinese officials decended on the US capital for dozens of meetings with their US counterparts.
• As a consequence, much of Washington was again brought to a standstill on Monday 27th July.
Although these annual US-Chinese (G-2) meetings are of course prescheduled, the presence of the Iraqi leader in Washington on 24th July, followed by the Chinese delegation, suggested linkage to the Settlements crisis, with both Iraq and China intensively and deeply involved in the resolution.
The crisis has completely destabilised the psychology of Americans, who blame incompetent and corrupt officials across the board for their country’s plight (same in Britain). This cannot continue.
It was the DC mole who informed us (see above): ‘My friends on the Hill are getting slammed by calls from regular Americans. Staffers are weary of the anger coming at them from outside the Beltway. Anger is mounting, and its all around. They are demanding to know what’s going on’.
Finally, at a televised press conference earlier concerning the peculiar incident in Cambridge, MA on 16th July 2009, when a 58-year-old male Black, Mr Henry Gates, of Ware Street, Cambridge, was arrested after a sustained racialist yelling incident, President Obama uttered words to the effect: ‘If anyone breaks into my house, they get shot’ [LATE AMENDMENT: SEE ABOVE].
It is highly unusual for the President of the United States to utter such an intimidating comment in public. So, was the Cambridge incident either used or staged, so as to provide the POTUS with an opportunity to issue such a warning on camera?
If ‘people were being removed’ [see below], one can easily imagine why the Presidnet might want to promulgate such a warning publicly. As a warning to those planning his own removal?
HIDDEN CRISIS FOR THE EUROPEAN UNION, TOO
In conformity with the norm that everything these evil people touch descends into chaos and confusion, as their house is built on lies, Germany’s highest Court recently pronounced on the Lisbon Treaty, on which the Euro-manipulators are relying for the final destruction of what remains of the national sovereignty of the European satrapies (sorry, ‘Member States’).
Last year, Irish voters, who are as stroppy, if not more so, than the British electorate, slapped the Euro-manipulators down by voting NO THANK YOU to the Lisbon Treaty, which must be ratified by all 27 EU ‘Member States’ before the next stage of this World Revolution dimension can proceed.
As on previous occasions when ‘ungrateful’ national electorates have given the Euro-snakes a black eye, a new Referendum is being organised for October this year, so that the Irish electorate can benefit from the opportunity to ‘change its mind’. The Irish enjoy being kicked and ordered around even less than the compliant and complacent British: so the outcome of this outrageous piece of political engineering is uncertain – although the EU’s calculation is that since the Irish have been comprehensively ‘enronised’ (but not by the EU: rather, by the Clinton wing of the Bush-DVD Crime Syndicate), they won’t relish being ‘left out in the cold’ by voting NO again. The reality, of course, is that if Ireland hadn’t swapped its national currency for the Euro, it would have been able to devalue the old punt, thereby recalibrating its economy to the new realities of the situation.
Anyway, as usual the Germans must have the last say on all EU matters, since the entire project is a construct promulgated under Hitler [see: ‘Europäische Wirtschaftsgemeinschaft’ (viz: ‘European Economic Community’)], the proceedings of a Nazi seminar convened by Verein Berliner Kaufleute and Wirtschafts-Hochschule und Industrieller, Berlin, in 1941 and later published by Hauder & Spenersche Verlagsbuchhandlung Max Paschke in 1942 – the seminar chapter headings of which correspond almost precisely with those of the Maastricht Treaty (1992).
GERMAN COURT’S RULING ON THE LISBON TREATY
So there was much backslapping in Brussels when Germany’s highest Court handed down a verdict since we last reported to the effect that the Lisbon Treaty complies with Germany’s Basic Law, and so can therefore be adopted by the German State.
However gloating gave way to angst after closer analysis of the Court’s complex judgment showed that it severely curbs any prospect of a Federal Europe being established in practice.
For, according to the German judges, the European Parliament (which is modelled on the Supreme Soviet) is not a true parliament in any proper sense (given that its purpose is entirely to act as a venting mechanism and rubber-stamping factory) which represents a ‘structural democratic deficit preventing further EU integration’.
The judges also took the opportunity to point out that German law ‘prohibits the transfer [to the European Union Collective] of competence to decide its own competence’.
On top of which, Germany’s highest judges have decreed that the German Court must be able to overturn judgments of the European Court of Justice if they diverge from national (German) law. Which is anathema to the Brussels agenda.
This ruling contradicts the entire pernicious EU doctrine of the ‘acquis communautaire’ which lays down that once an element of national sovereignty has been handed to the political collective, it cannot be retrieved by the satrapy which foolishly handed the competence over in the first place.
In other words, the German Court’s ruling challenges the basis of the entire European Union dimension of the World Revolution.
The foregoing does not mean, as some will doubtless rush to assume, that our demonstration that the EU Collective is a pan-German revolutionary hegemony project, is mistaken. No. What it means is that even the Germans are starting to dislike the taste of their own foul medicine. In other words, important German minds are beginning to realise that the monster that the Hitler-era pan-Germans and their heirs have erected, built upon the Franco-German axis ‘set in stone’ by the Treaty of the Elysée of January 1963, is unworkable, counterproductive and may have passed its sell-by date.
If the Irish reject the Lisbon Treaty this October – as, in their own interests, they should (why squander the national independence they fought for?), we’ll certainly be able to reiterate that point later this year, with greater emphasis.
DR HANS TIETMEYER: THE E.U.’S GORBACHEV
Finally, there may be other reasons for this slight ‘loosening’ of the German jackboot. Deutsche Bank is in extreme danger of collapse given the colossal volume of Fraudulent Finance ‘toxic’ assets that it has accumulated during the years when it controlled trading and thought that the fraudulent derivatives and false securitisation bonanza would continue for ever.
In this connection, it is to be noted that the 79th Annual Report of the Bank for International Settlements reconfirms (on page 145) that the Chairman of the BIS’s Administrative Committee is Dr Hans Tietmeyer – who also ‘just happens’ to be in charge of the Vatican Bank, over which presides the German Pope, Herr Ratzinger.
It will be recalled that, as head of the CPSU’s Administrative Department, Mikhail Gorbachëv held the most powerful position within the entire edifice of the Soviet structures. There is an exact parallel here with the fact that Dr Tietmeyer, a former President of the Deutsche Bundesbank, chairs the Bank for International Settlements’ Administrative Committee.
‘BULLETS WILL FLY AFTER 19TH JULY’: UPDATE
At about 3:15pm UK time on 28th July, we received the first intimation under this heading [see the preceding report; 17th July 2009]. Sources advised that quote ‘some people have been removed’, but when pressed for further information, could or would not elaborate. That’s all we know at this stage. However previously, there had been total silence on this score. TO BE CONFIRMED. [Note that there is some further elaboration to this development, above].
• And separately:
WHAT ARE WE DOING IN AFGHANISTAN? OUR QUESTION IS NOW THE #1 UK PUBLIC ISSUE
Last year, we wrote to the British Ministry of Defence asking what on earth Britain is doing in Afghanistan, and would our assumption that we are protecting the heroin trade by any chance be correct? As we have repeatedly reported, the Ministry of Defence chose not to respond to our enquiry at all, despite the fact that we warned that if they failed to provide us with a satisfactory answer, or to respond at all, we would have to conclude that our assumption is indeed accurate, and would continue to advise our readers and subscribers accordingly.
This isssue has now risen to the top of the immense pile of issues of primary public concern. For instance, Charles Moore ran a huge Op-Ed piece recently in The Daily Telegraph, asking precisely the same question. And since British troops are dying like flies in Afghanisatn, the entire UK press corps is now demanding answers to our question. After all, if we knew WHY the troops were dying, that might provide some sparse consolation. But we don’t, and the perverse Ministry of Defence won’t tell us. because it can’t, or else it would be lying. And although it doesn’t mind telling lies, it cannot afford to be CAUGHT OUT TELLING PORKIES TO THE BRITISH PUBLIC.
This case highlights, of course, a crucially evil dimension of the World Revolution, which is this. Everything is collectivised. There are no national interests, only international interests. Therefore, British troops are dying in support of international interests. However these cannot be spelled out because any explanation might run the risk of revealing the true underlying agenda, which in this case includes acquiring, consolidating and maintaining total control over the heroin trade: not to suppress it, but to exploit it in order to ensure the continuation of the endless pipeline of money generated by drug-trafficking that lubricates the interbank market, as confirmed by the head of UNODC (the United Nations Office on Drugs and Crime), Vienna, in his interview published in the Austrian journal Profil last January [see this service, passim].
Now, if the Ministry of Defence would care finally to answer the Editor’s question, in order to dispel this interpretation, before our huge readership accepts this analysis as being accurate, it remains very welcome, at this late stage, to make amends and to respond as it should have done last year.
• Otherwise, we will stick to this line, and so will everyone else who is not sitting on their brains.
• PS: We have separate input from a distinguished Canadian source to the effect that Canadian military officers are questioning what the Canadian armed forces are doing in Afghanistan, too. The answer is the same as that given above: they are assisting with the implementation of international objectives driven by an internationalist agenda that is divorced from the interests of Canada as a sovereign nation state. Belated realisation that this is the case will, we predict, make it harder for the globalist manipulators to dragoon national forces into their filthy wars in the future, especially given prevailing economic and financial conditions. The phrase ‘own goal’ springs to mind here.
Notes and References:
• With the exception of Notes 4, 17 and 18 these Notes and References are ALL taken from Michael C. Cottrell’s work ‘Elite Power and Capital Markets’ referenced above, below the Editor’s credits.
• The information to which the Notes and References refer is derived from Mr Cottrell’s work.
• This is augmented by the Editor’s background knowledge as Editor of Soviet Analyst.
(1). G. J. A. O’Toole, ‘Honorable Treachery’, New York, The Atlantic Monthly Press, 1991, page 449.
(2). Robert T, Hall, Emile Durkheim: Ethics and The Sociology of Morals, West Port, Greenwood Press, Inc., 1987, page 87.
(3). Robert K. Merton, ‘Social Theory and Social Structure’, New York, The Free Press, 1968, p. 189.
(4). Email from a Washington, DC, correspondent dated 26th July 2009, received at 16:42 UK time.
(5). Christopher Andrew, ‘For the President’s Eyes Only, New York, HarperCollins Publishers, 1995, page 183.
(6). Ronald Brownstein and Nina Easton, ‘Reagan’s Ruling Class’, Washington DC, Presidential Accountability Group, 1982, page 623.
(7). Peter Schweitzer, ‘Victory: the Reagan Administration’s Secret Strategy that hastened the Collapse of the Soviet Union’, New York, The Atlantic Monthly Press, 1994, page xvi.
(10). Schweitzer, op. cit., page 47.
(11). Schweitzer, op. cit, pages 132-140.
(12). Robert M Gates, From the Shadows, New York, Simon & Schuster, 1996, page 238.
(13). Peter Truell, ‘False Profits: the Inside Story of BCCI’, Boston, Houghton Mifflin Company, 1992, page 132.
(14). Truell, op. cit., page 132.
(15). Yossi Melman and Dan Raviv, ‘Friends In Deed: Inside the US-Israel Alliance’, New York, Hyperion, 1994, page 380.
(16). Schweitzer, op. cit., pages 131-132.
(18) Claire Sterling, Thieves’ World, Simon & Schuster, New York, 1994, page 113.
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… 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
• 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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