GORBACHEV IMPLICATED IN STEALING COTTRELL’S CONTRACT

story3

THE TOP GANGSTERS EXPOSED: GORBACHEV, KOHL, BUSH SR., ACKERMANN

Thursday 4 February 2010 05:01

WITH DEUTSCHE AG PARTNERS HELMUT KOHL, BUSH SR., AND ACKERMANN, GORBACHEV ALSO BENEFITED FROM THEFT OF THE QUEEN’S GOLD AS A PARTNER IN DEUTSCHE AG

RACKETEERING THROUGH GERMANY BY GORBACHEV, KOHL, AND THE U.S. GANGSTERS
In the following analysis, everything starts coming decisively together. We now prove that former President Mikhail S. Gorbachev, working with former US President George H. W. Bush Sr., former German Chancellor Helmut Kohl and Dr Joseph Ackermann, all partners in Deutsche AG (formerly called Barrington Investment Group), Switzerland, stole a contract using the electronic tag to the securities account owned by Michael C. Cottrell’s Pennsylvania Investments, Inc., with Benchmark Securities, In., New Jersey, at a table-top meeting in Geneva on 7th October 2002 by the means described below, which included the electronic ‘forging’ of Mr Cottrell’s signature. This theft was preceded by seven related thefts from Mr Cottrell’s firm’s securities account, itemised below.

This means that former President Mikhail Gorbachev and former German Chancellor Helmut Kohl are financial criminals like George H. B. Bush Sr. and should be treated accordingly. Mr Gorbachev and Helmut Kohl have, as partners in Deutsche AG, by definition been profiting from the theft of Mr Cottrell’s contract and property, and also, as further revealed below, from proceeds from the theft of The Queen’s gold, which, we were informed at 1.15 am on 4th February 2010, have likewise been channelled through Deutsche AG, Switzerland. As of 2nd February 2010, The Queen’s gold had not been restored. [In view of what we allude to but cannot divulge below, this grim situation may have changed on 3rd February, but we don’t know whether this is the case, yet].

• The proceeds of innumerable corrupt transactions involving these characters have been run through the DVD’s main institutions, Deutsche Bank and Dresdner Bank. So what is being exposed is that George H. W. Bush Sr. (CIA/DVD) and Mikhail Gorbachev (Soviet Military Intelligence (GRU) and KGB/FSB) have been ransacking American and non-American victims alike, and running this colossal open-ended racketeering through Germany, with the assistance of the former STASI of East Germany (who are GESTAPO in relabelled clothing). Hence the presence on the scene of STASI operatives such as Eva Teleki, a Swedish opera singer, and other operatives suspected of being continuing STASI agents, such as Chancellor Angela Merkel (the former Secretary of the Agitation and Propaganda Department of the Young Communists at Marx Lenin University, in East Berlin). This explains why Merkel was earlier fingered by this service as guardian in Germany of George Bush Sr.’s stolen and exploited racketeering assets with German institutions.

• Vladimir Vladimirovich Putin, who is a senior Soviet GRU operative, was based in East Germany before he migrated to Leningrad, and is believed to have been responsible for orchestrating, at least from the Soviet side, the clockwork ‘collapsible communism’ operations in Eastern Europe. Gorbachev has been reported to us to operate from a large wing of the Kremlin, as though he never left the place. Which he didn’t. He’s been at the centre of this criminality THROUGHOUT.

• Leo Wanta, who answers the phone in German, was the courier between George H. W. Bush Sr. and Mikhail Gorbachev. Although he says he’s Polish, we think this felon and fraudster (who has stolen this Editor’s loan plus interest) may be a DVD operative/double agent, possibly STASI.

• Note: It is standard CIA ‘tradecraft’ practice to usurp the expertise of outside professional talent if it is not available in-house or by some other means. In this context, the CIA perpetrators needed a US securities expert with impeccable credentials and a securities account. What the CIA does is apply its standard Bush-style ‘bait and switch’ technique, exploiting and maximising the potential of the usurped professional expertise, before rejecting it and stealing the assets associated with it.

That’s what happened to Michael C. Cottrell, B.A., M.S. This procedure also explains Wanta’s ‘use’ of Mr Cottrell for his failed AmeriTrust Groupe, Inc. operation, because Mr Michael C. Cottrell has the requisite securities market expertise and account facilities, which were applied for the benefit of Mr Wanta. Note also that Steven Goodwin, the Wanta Attorney in Richmond, VA, who accepted this Editor’s $35,000, which Wanta stole, was born, as stated previously, in Dusseldorf.

• ‘BLAIR AND BERNANKE REPORTEDLY ARRESTED ON 3RD FEBRUARY’
It was reported to us at 1:00am on 4th February 2010 that the forgoing were both ARRESTED on Wednesday 3rd February 2010: see below for outline details. BREAKING.

• TWO GIANT WHITE HOUSE THEFTS THEY’VE LIVED TO REGRET

• STEALING THE QUEEN’S GOLD, COTTRELL’S CONTRACT (PLUS CMKX)

• MORE ABOUT JEB BUSH’S APPEARANCE AT THE WHITE HOUSE

• WHITE HOUSE THEFTS FROM MICHAEL C. COTTRELL’S FIRM,
AND THE ELECTRONIC FORGING OF HIS SIGNATURE

• GORBACHEV AND KOHL IMPLICATED WITH BUSH SR. AND ACKERMANN

• DEUTSCHE BANK AG A CO-CONSPIRATOR WITH BUSH JR. AND CHENEY

• BLAIR AND BERNANKE REPORTED TO US TO HAVE BEEN ‘ARRESTED’

• THE NOOSE HAS TIGHTENED AND THE TRAPDOOR IS POISED TO FALL

• CRIMINAL OPS. WITHIN A ‘RULE OF LAW’ FRAMEWORK

• SHOCKS PENDING FOR PEOPLE WHO FANCY THEY HAVE ‘STELLAR REPUTATIONS’

• LIES AND DIVERSIONARY PLOYS OVER WORLD COURT JURISDICTION

• THE THEFT OF THE QUEEN’S GOLD AND THE LIEN ON THE U.S. TREASURY

• U.S. TREASURY IS THE DEFENDANT IN THE WORLD COURT ACTION

• ELECTRONIC JAMMING OF GOLD THEFT PHONE CONVERSATION

• GERMANY IS BEING PROGRESSIVELY EXPOSED AS THE ENEMY

• NON MERCI! IL FAUT TOUT D’ABORD QUE VOUS VOUS DEBARRASSEZ DES ALLEMANDS

• SCANDAL OF WALL-TO-WALL U.S. OFFICIAL PSY-OPS AGAINST AMERICANS

• C.I.A. SCAMS INSIDE GOVERNMENT AS WELL AS THE PRIVATE SECTOR

• ‘SORCHA FAAL’ WARMONGERING’ AGITPROP OPERATION
RUN BY AN OFFICE OF NAVAL INTELLIGENCE AGENT FROM VIENNA, VA

• WHY THE EAVESDROPPERS ROUTINELY SHOOT THEMSELVES IN THEIR CLUB FEET

• THE HIDEOUS FINANCIAL AND ECONOMIC ‘SHOCKS’ IN STORE

• THE LATEST AVAILABLE DERIVATIVES NOTIONAL VALUE DATA

• CONGRESS SLAPPED IN THE FACE AS WELL: BY NEIL BAROFSKY

• FOR ‘FUNDAMENTAL PROBLEMS’ READ: RAMPANT CRIMINALITY

• BANKERS AT DAVOS REPORTED TO HAVE BEEN AT LOGGERHEADS

• U.S. CROOKS REPORTED TO BE FLEEING THE COUNTRY

MISPRISION OF FELONY: U.S. CODE, TITLE 18, PART 1, CHAPTER 1, SECTION 4:
‘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’.

‘Seeing what’s at the end of one’s nose requires constant effort’. George Orwell.

• 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.

• 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.

• ADVERTISEMENT: Details of the INTERNET SECURITY SOLUTION software offered by this service in conjunction with a donation can be accessed immediately: See the Home Page World Reports Limited serials catalogue by clicking World Reports Limited and scrolling to foot of page. Scroll to the foot of THIS page to read our extended Ad. for the INTERNET SECURITY SOLUTION.

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 ‘politically incorrect’ [i.e., correct] intelligence books online from this website.

• CMKM/CMKX CASE DOCUMENTS:
Press Archive for this report [29th January 2010]
Case Number CV10-00031 JVS (MLGx):
SERVICE OF CMKM.CMKX $3.87 TRILLION SUIT VS. S.E.C.
The biggest lawsuit in world legal history: The phantom share giga-scandal.

Note: If the current report [4th February 2010] is displayed, access the Archive for immediate display of our CMKM/CMKX report dated 29th January. All preceding reports, at least back to December, are also relevant to the current state of tension brought about by these gangsters.

• And note that this report EXPANDS our understanding for WHO has been involved all along.

NEW REPORT STARTS HERE:

MORE ABOUT JEB BUSH’S APPEARANCE AT THE WHITE HOUSE
In our report dated 31st January, referencing the appearance of Jeb Bush at the White House on Saturday 30th January accompanying Godfather Bush Sr., we stated as follows: ‘Furthermore, the reason Jeb Bush suddenly surfaced was that Jeb Bush was involved when the Delmarva funds were stolen in August 2002. It will be recalled that Jeb was on record earlier as protecting his own interests under the smokescreen of the lie that his father was too gaga to know what he was doing, which has always been baloney. So Jeb has been caught too’.

The underlying facts here, which are central to the state of affairs reached at the end of January 2010 and which explain Jeb Bush’s sudden surfacing at the White House, as well as his sombre appearance when photographed leaving the official residence in a snowstorm, are as follows:

(1): Michael C. Cottrell, B.A., M.S. had served as a Trustee of Delmarva Timber Trust
and remains a Trustee of the Trust.

(2): In 2002, given Mr Cottrell’s status as a Delmarva Timber Trust Trustee and his security and background check credentials, Mr Michael C. Cottrell’s corporation Pennsylvania Investments, Inc.,
had been offered a contract to trade $500 billion by Deutsche Bank AG.

(3): This contract was stolen from Mr Cottrell’s computer, complete with his signature and passport image and details, by specific instructions of Dr Joseph Ackermann’s co-partner in Deutsche AG (formerly Barrington Investment Group), George Bush Sr., and his criminalist associates, Richard B. Cheney and George W. Bush Jr. between 19th August and 7th October 2002, using the National Security Agency (NSA) T-2 program. Mr Cottrell’s signature was ‘forged’ in the sense that it was lifted from his computer and used to seal the consequent illegal transactions accruing for the benefit of Gorbachev, Kohl and Bush. Further details of these thefts, will be found below.

(4): On 19th August 2002, Jeb Bush attended a meeting with Delmarva Timber Trust personnel, the subject matter of that meeting being how Delmarva could make a deal with George H. W. Bush Sr. and with George W. Bush.

(5): In our brief reference above and in our report dated 31st January 2010, the statement that ‘the Delmarva funds were stolen’ contained a misunderstanding by the Editor. It was funds deposited in a securities account belonging to Mr Cottrell’s Pennsylvania Investments, Inc., that were stolen, by means of the electronic ‘forging’ of Michael Cottrell’s signature, on the specific instructions of the Bushes and Cheney, from the White House. Mr Cottrell had been offered the contract by Deutsche Bank given his Delmarva Timber Trust background and his securities credentials.

WHITE HOUSE THEFTS FROM MICHAEL C. COTTRELL’S FIRM,
AND THE ELECTRONIC FORGING OF HIS SIGNATURE
As BREAKING EVENTS are showing, this was a fatal theft too far by the DVD’s Bush Crime Family and their lackey, MK-ULTRA operative Richard B. Cheney.

Deutsche Bank had been more than content to approve the securities market credentials of Michael C. Cottrell, B.A., M.S. a Delmarva Trust Trustee, with rollovers and extensions. His firm’s securities account was held within Benchmark Securities, Inc., New Jersey. Deutsche Bank had concluded that he was the ONLY American they would be prepared to consider for the intended trading purposes; and after they had checked him and his credentials out, they were delighted and so approved him for the $500 billion contract.

Funds had been procured and tagged to Pennslyvania Investments Inc.’s securities account within Benchmark Securities Inc., New Jersey, for the purpose of using the funds with the contract.

Between 19th August 2002 and 7th October 2002, the Bush II White House, using the National Security Agency’s T-2 program, fraudulently ‘pinged’ Michael C. Cottrell’s securities account on seven separate occasions. The perpetrators were consequently able to purchase several billion dollars’ worth of contract paper on each occasion.

At the end of this exercise, at a table-top meeting in Geneva on 7th October 2002, they activated the electronic tag to access the contract enabling them to steal the contract for Deutsche AG and the funds in Pennsylvania Investments Inc.’s securities account within Benchmark Securities Inc.

In order for them to achieve these thefts, Michael C. Cottrell’s signature was electronically copied for the purpose – the electronic equivalent of forgery of the principal’s signature. Therefore, in addition to conspiracy to commit theft, and to the thefts themselves, the criminals concerned, who include Mikhail Gorbachev and Helmut Kohl, perpetrated forgery as well.

GORBACHEV AND KOHL IMPLICATED WITH BUSH SR. AND ACKERMANN
As previously reported, partners in Deutsche AG, formerly Barrington Investment Group, include Dr Joseph Ackermann, the DVD’s main banker, George H. W. Bush Sr., Helmut Kohl, the former Chancellor of Germany, and former President Mikhail Gorbachev, all of whom, therefore, are co-conspirators in perpetrating the theft implemented in Geneva on 7th October 2002.

Former President Mikhail Gorbachev and former German Chancellor Helmut Kohl have shared the proceeds accruing to their partnership in Deutsche AG (formerly Barrington Investment Group), so Gorbachev and Kohl are identified as having STOLEN THE CONTRACT AND FUNDS BELONGING TO MICHAEL C. COTTRELL, B.A., M.S., elaborated above.

DEUTSCHE BANK AG. A CO-CONSPIRATOR WITH BUSH JR. AND CHENEY
Also implicated were George W. Bush (Jr.), Richard B. Cheney and Cheney’s aide, Libby. Since Deutsche Bank had approved Michael C. Cottrell’s credentials as stated above, in allowing these illegal transactions to go through on the basis of an electronically stolen (and therefore forged) version of Mr Cottrell’s signature, Deutsche Bank itself became a co-conspirator, with Deutsche AG and its partners, in these successive thefts and exploitations of the funds which had been placed with Mr Cottrell’s securities account at Benchmark Securities, Inc., New Jersey.

The named highest-level US perpetrators, who erroneously imagined that they are covered by the National Securities Act of 1947 et seq. and are accordingly ‘licensed’ to abuse their high offices by committing theft, fraud and forgery, then intimidated and bore false witness against Mr Cottrell and arranged for the FBI to utter threats against him. Specifically, on 2nd October 2002, FBI Special Agent Jan Trigg and FBI Special Agent O’Grady [telephone number: 718-286 7307] telephoned Mr Cottrell at 3:44pm, accused HIM of conducting fraudulent transactions, and accompanied this lie with threats. In reality, the fraudulent transactions were being conducted by George H. W. Bush Sr., Richard B. Cheney, President George W. Bush and their foreign high-level partners.

BLAIR AND BERNANKE REPORTED TO US TO HAVE BEEN ‘ARRESTED’
At 1.00 am UK time on this date, 4th February 2010, the Editor was informed that the following were arrested on 3rd February 2010:

• Tony Blair, former British Prime Minister.

• Dr Ben Bernanke, Chairman of the Federal Reserve Board

• Please note that the foregoing statement IS ACCURATE. CONSTRUE what has just been stated: The Editor was informed by transatlantic telephone at the time and date stated here, of the above arrests. This, we repeat, is 100% ACCURATE as presented to you. That’s what we’ve been told.

• Note: The possible ‘cover’ for the arrest of Blair may have been the fact that when the respected former British Labour Government Cabinet Minister, Clair Short, testified on 2nd February 2010 at the Chilcot Inquiry into whether Britain’s participation in the Iraq War was illegal, she denounced Blair as a liar, deceiver and con artist. Specifically, Ms. Short stated that Blair lied to his Cabinet and misled Britain’s Parliament over the Iraq War, accusing Blair of personally ‘conning’ her and of ‘deceiving the Cabinet, Parliament and the public’. Ms. Clare Short said that when she tried to question the legal case for war in Cabinet, she was jeered at, and Blair told her to ‘be quiet’. [Sources: Daily Telegraph, 3rd February 2010, page 12; The Times, 3rd February 2010, page 14].

• At 1.15 am UK time on this date, 4th February 2010, the Editor was informed that two top MI-6 personnel travelled to the United States to supervise matters currently in hand.

• The Editor was also informed of travel arrangements to the United States concerning a top personage but chooses to withhold this information at this time.

THE NOOSE HAS TIGHTENED AND THE TRAPDOOR IS POISED TO FALL
Of course what has happened is that due to their criminal greed in general, and as a consequence of this colossal theft in particular, involving the electronic ‘forging’ of Mr Cottrell’s signature, it has been possible to turn the tables on these careless and overconfident gangsters – with the noose being tightened progressively round their necks by stages.

• They are now metaphorically standing on the platform, with the executioner poised beneath them ready to shift the lever to open the trapdoor into which they will be dropped.

You may well ask yet again why have these people not been arrested in front of the TV cameras – as so many furious observers, including ourselves, have understandably been demanding. Among reasons for this not happening, we suppose, are included feeble fears for the future of the dollar system and the Republic; but the most likely generic reason for this not happening to date has been an unwarranted expectation by almost all elements within the US structures involved in the criminality and in covering it up, that they would all get away with everything in the end, given that their criminalist foreign associates are such big names.

• WE DON’T THINK SO…

CRIMINAL OPS. WITHIN A ‘RULE OF LAW’ FRAMEWORK
The real opposition has not crumbled – highlighting the central problem that these organised gangsters face, which can be summarised as follows:

• On the one hand, they have ‘successfully’ and comprehensively subverted the Rule of Law, the financial system, the domestic and world economies, the US intelligence community, many other intelligence communities and governments, the US military, elements of the US judiciary and law enforcement, and Wall Street. You would have thought that this would be more than enough to guarantee these gangsters open-ended ‘success’ for ever more, wouldn’t you.

• Yet on the other hand, since EVERYTHING they do is illegal, criminal or borderline ditto, and since they lie through their teeth and have to continue lying through their teeth because each successive lie has to be propped up with further lies, they recognise that they must operate within what remains of the Rule of Law and the judicial system that they despise. Otherwise they wouldn’t get their lies so entangled, and they wouldn’t go to such lengths (such as citing ‘national security’ as cover for criminal activity) to cover up their endless criminal behaviour.

As was inevitable given their overconfidence and the web of conflicting lies with which they are strangling themselves, the residual Rule of Law and the judicial system have caught up with these inveterate gangsters. We know for a fact that ‘they’ never expected that the lawyers acting for the CMKM/CMKX Plaintiffs [see Archive reports dated 9th January and 29th January] would actually FILE their devastating Complaint requesting monetary payment of $3.87 trillion given the floatation of an estimated 2.0 to 2.25 trillion phantom CMKM/CMKX shares from within the SEC itself.

However the Chairman of the Securities and Exchange Commission, Mary L. Schapiro, has been served with the Summons, and the other defendants have been or are about to be served their Summonses, as well.

SHOCKS PENDING FOR PEOPLE WHO FANCY THEY HAVE ‘STELLAR REPUTATIONS’
Given updated indications of failure hitherto to perform across the board financially, subpoenas are pending against individuals whose careers and ‘stellar reputations’, whether hospitalised or not, will be abruptly terminated as a consequence.

• Ignoring Summonses is not an option. Such behaviour would ensure summary judgment against the defendants, probably associated with jail sentences for contempt of court.

LIES AND DIVERSIONARY PLOYS OVER WORLD COURT JURISDICTION
Meanwhile a routine old lie that is being revived in order to obfuscate the desperate plight facing the gangsters, is that the World Court has no jurisdiction in the United States. This obfuscation has been trotted out for years, and is being irresponsibly promulgated by some disruptive US websites. Like parallel spurious ‘Black’ propaganda with similar cover-up intent, this reiterated assertion is both irrelevant and malicious. Readers are misled by such diversions, perpetrated by operatives who are perfectly well aware of the true situation, and are deliberately instructed to cover it up. In what follows, we have no choice but to mingle geopolitical analysis based on our deep experience, with the necessary financial and gold information. You can extract the financial and gold information from the analysis, and it will stand unaffected as precisely described here.

THE THEFT OF THE QUEEN’S GOLD AND THE LIEN ON THE U.S. TREASURY
Underlying facts associated with the World Court lien against the US Treasury reported by this service include the following, and concern the theft of The Queen’s gold on 29th-30th March 2007. Contrary to what we were led to believe later in 2007, this matter has NOT been rectified, according to the most recent information obtained from US inside (official) sources and passed to this Editor at about 7:00pm UK time on 3rd February.

• Therefore, The Queen’s gold has remained STOLEN now for the best part of TWO years.
[Note: We are not able to discuss this matter beyond what is published here].

This scandalous state of affairs has been deliberately exploited by the large pan-German Nazi Fifth Column in the United States as a wedge to destroy the British Monarchy and to create tension and confusion between the two wings of the ‘Main Enemy’ (as the continuing Nazis and their covert Soviet associates see us), Britain and the United States. The ultimate objective is to destroy what remains of the Anglo-US Alliance – to drive a wedge between the two countries, and this operation which is far advanced. It is now being comprehensively THWARTED.

(1): On 20th-30th March 2007, a highest-level US criminal intelligence operation serving the interests of the pan-German Fifth Column was mounted to steal gold belonging to the British Monarchical Power. As indicated, it is a primary objective of the ongoing pan-German Nazi ‘Black’ counterintelligence apparatus, Deutsche Verteidigungs Dienst (DVD), the heirs of the Abwehr – before whom Chancellor Angela Merkel, genuflects – to destroy the British Monarchy.

The British Monarchy provides national stability and stands in the way of the completion of the pan-German long-range strategy for hegemony in Europe and beyond. Even more to the point here, the British Monarchical Power is the ONLY power standing for the true Rule of Law – the ONLY power standing firm in the face of the ‘Black’ forces bent on thrusting the world into irretrievable chaos, not least by continuing ad infinitum their Fraudulent Finance operations.

• That’s why the Monarchy is targeted as described

(2): On Friday 29th March 2007, British banking system went ‘dead’ – such that the Editor of this service, who attempted a small VISA Credit card transaction in Victoria Street, London SW1, that afternoon, was unable to complete the transaction. When the Editor made some enquiries, it later transpired that Credit Card transactions had failed across the board in the United Kingdom. Further enquiries eventually yielded the following astonishing state of affairs:

(3): The banking ‘blackout’ extending into Saturday 30th March 2007 (separately confirmed to us, incidentally, by top Westminster political sources on 13th December 2008, and on subsequent occasions, the most recent of which, as noted, was 3rd February 2010), was used as ‘Blackout’ cover for the stealing of gold belonging to the British Monarchical Power.

This theft forms part of the basis for the action taken, in collaboration with Chinese parties, by agents for the British Monarchical Power against the US Treasury and the Federal Reserve, resulting in the lien for $47 trillion on the US Treasury referenced in some of our earlier reports. This lien is in force and has not yet been discharged (although this may be ‘in process’).

• As a consequence, the United States is temporarily not sovereign, a state of affairs that will unfortunately remain the case until this matter is resolved.

(4): By early May 2007, research conducted by this service had confirmed that a massive theft of gold directed from the highest levels of the criminal US Government structures (in conformity with the long-range pan-German strategy to destroy the British Monarchical Power) had indeed been secretly perpetrated on 29th-30th March 2007. On 15th May 2007, the Editor happened to mention to a US party that US criminalists had stolen The Queen’s gold. The person retorted that ‘I find that hard to believe’ and the Editor replied: ‘In that case, as you don’t believe what I say, don’t ever contact me again’. This conversation was recorded by the eavesdroppers, disrupting certain operations being conducted against the Editor of this service.

(5): At 1:45pm UK time on Tuesday 2nd February 2010, the Editor was engaged in a transatlantic telephone conversation with Michael C. Cottrell B.A., M.S., in which the Editor had raised the issue of ongoing attempts by controlled websites to obfuscate the jurisdiction of the World Court in the United States (an old diversionary ‘line’). As this matter was being reviewed, Mr Cottrell said:

‘They stole The Queen’s gold in London, not in the United States. Hence she can prosecute them under the British anti-terrorism legislation’.

(6): As soon as Mr Cottrell had said ‘They stole The Queen’s gold’, the transatlantic phone call was heavily jammed electronically by eavesdroppers. [See our observations about the stupidity of the eavesdroppers, below]. Every time they do this, they simply confirm the accuracy of what is being discussed. It was just possible for us to conclude the conversation above the din, and the Editor therefore managed to add that, thanks to this further confirmation (now afforded by the electronic jamming), the matter of the stealing of the gold in 2007 would be revisited by this column.

• The theft of The Queen’s gold was discussed internally in the United States on 3rd February 2010, and as indicated above, the Editor was susbequently informed that this matter remained outstanding and had NOT been resolved.

(7): Two of the actual criminal events which have given rise to this crisis and to the lien, took place in Europe: in London (the stealing of The Queen’s gold) and also in The Netherlands (the operation against ABN Amro). Thus BOTH criminal events afford the British Monarchical Power jurisdiction under British and European anti-terrorism legislation, which embraces ALL financial criminality – providing a further reason why our description of the US high-level operatives and gangsters as Financial Terrorists, is accurate. The relevant British and European anti-terrorism legislation is believed to have been duly invoked.

(8): Proceeds from the trading of The Queen’s gold have been systematically channelled, we now understand, through Deutsche AG (formerly Barrington Investment Group, Switzerland), which of course means that Messrs Gorbachev, Kohl, Bush Sr, Ackermann, et al, HAVE PROFITED FROM THE STEALING OF THE QUEEN’S GOLD. Hence, they are themselves criminal Financial Terrorists.

U.S. TREASURY IS THE DEFENDANT IN THE WORLD COURT ACTION
Since the United States is the defendant in this (and the Chinese) World Court case(s), World Court jurisdiction most definitely applies in the United States, contrary to the mischievous disinformation being recycled for obfuscatory purposes, by US agents of influence who have been so instructed. The World Court is, moreover, an offshoot of the United Nations, arising from the Bretton Woods Agreements. The World Court also has an American Justice; and enforcement, auditing and other relevant personnel associated with this World Court matter were indeed sworn in at the US Justice Department at the beginning of December 2009, as we reported – given that it is necessary under international law for foreign personnel engaged in enforcement of World Court orders to be sworn-in on the soil of the defendant country.

ELECTRONIC JAMMING OF GOLD THEFT PHONE CONVERSATION
It was clear from the electronic jamming which interfered with the foregoing transatlantic telephone conversation that US electronic intelligence services wished this matter to be suppressed. In view of what is transpiring in ‘real time’ as this report is being finalised, their anxiety is understandable. But precisely because of that intervention, we are hereby taking this opportunity to lay out the facts more fully than before, as known to us – bearing in mind that this service exposed the gold theft in 2007, within a matter of weeks after that assault by Germany’s agents within the US structures against the British Monarchical Power.

You may now perhaps understand why, outraged at this development, we then called for the US Ambassador to be recalled from London, for him to be ordered to procure the rectification of this assault within a specified period, and in the absence of any progress within two months, for the US Embassy to be closed and US bases operating on British territory to be evacuated.

Of course, given innumerable other considerations, we did not expect any of this to happen: but strong language needed to be used in order to convey, to those with ears to hear, the extreme gravity of the situation, and to advertise the theft which no-one else (of course) was reporting.

GERMANY IS BEING PROGRESSIVELY EXPOSED AS THE ENEMY
Because Britain is enmeshed in the sterile European Union Collective – the long-range pan-German hegemony collectivisation operation mapped out under Hitler and delineated in the compendium Europäische Wirtschaftsgemeinschaft, published in Berlin in 1942, which we have extensively exposed elsewhere [in particular in The New Underworld Order], it is still taboo to describe Germany as THE ENEMY.

• But there is no doubt whatsoever that this is an accurate statement.

In the European sphere, France covers for Germany under the terms of the Treaty of the Elysée (January 1963), which is of indefinite duration and provides for both sides to reach ‘an analogous position’ in respect of all external matters of common interest.

The indefinite treaty was signed by the duplicitous General Charles de Gaulle, no friend of Britain despite his exile in London during the war, and Dr Konrad Adenauer, the former Hitler-era mayor of Cologne, and friend of Hitler’s favourite German bankers, Drs. Abs and Pferdmenges. New plans to integrate dimensions of the French with the British military structures, reportedly being discussed within the British official circles, appear to overlook these fundamental considerations – given that British policy remains dominated by brainwashed, second-rate people who do not understand, are ignorant of, or refuse to accept, the reality that long-range pan-German DVD strategy is viscerally opposed to the continued existence of Britain as an independent country – just as it is focused on building ‘the Thousand-Year Reich on the ruins of the United States’.

NON MERCI! IL FAUT TOUT D’ABORD QUE VOUS VOUS DEBARRASSEZ DES ALLEMANDS
The current wheeze in London is that a new revival of the Edwardian ‘entente cordiale’ would be appropriate, given Britain’s weakened position following the corruption of elements of the City of London by the DVD-serving Bush-worshipping George Bush Center for Intelligence, Langley, VA.

Such a démarche should not even be contemplated unless and until France denounces and exits from the 1963 Treaty of the Elysée with Germany. Otherwise further entanglement with France will simply mask further lethal entanglement with the long-range subversion strategy implemented by the secret pan-Germans – which the prevailing financial showdown is, at least, destabilising.

The offensive against Britain and the British Monarchy is being directed from three centres: Germany (Dachau) itself; the Germanophile component of the subversive Bush-corrupted US Intelligence Power; and Germany’s wartime ally, Japan, also known to be targeting British power, which is extensively centred within the British Monarchical Power.

A constant campaign of vituperative venom, very typical of familiar old Nazi hate propaganda, is disseminated via several notorious US websites – with no tangible impact other than to confuse Americans who do not possess access to the underlying accurate information, or who want their prejudices reinforced. These cynical CIA/DVD Psy-Ops activities are leading nowhere, given the prevailing ‘evolution of events’ (to cite Lenin); but are cruelly misleading Americans who deserve better than to be constantly lied to by operatives working for the criminalised Intelligence Power which is itself an instrument of foreign interests.

SCANDAL OF WALL-TO-WALL U.S. OFFICIAL PSY-OPS AGAINST AMERICANS
The barrage of disinformation directed at well-meaning Americans by evil elements within the US official structures is, of course, an ongoing scandal of immense proportions which no-one in the United States seems to be interested in addressing. People with influence and contacts that we know well, seem to accept this state of affairs as perfectly normal. It is NOT in any way normal for a Government to deploy crude Psy-Ops specialists and agents of influence whose job is to spew out disinformation and lies 24/7 for the specific purpose of deceiving and misleading its own people.

This abomination has matured from the poisonous Operation Mockingbird, the CIA’s Psy-Ops offensive against, and to subvert, the US media implemented during the Cold War period – with the covert aim of preventing the press from investigating embarrassing and criminal operations by the Intelligence Power itself as it consolidated its control over the US Federal Government structures behind the Cold War smokescreen – becoming far more of a menace than the GRU-KGB ever was.

This monstrous, self-financing, criminalised US ‘State within the State’ – which will tolerate no interference with its criminal operations, is responsible for perpetrating the biggest portfolio of criminal finance scams in history, and has absolutely no intention of reforming itself – is thought to have perpetrated three or more hidden giga-scams that are comparable in size to the incredible CMKM/CMKX phantom shares fraud that we have exposed on this website. We are aware of two comparable scams in the United States, and another in Canada (which has been comprehensively corrupted by the Bush Crime Syndicate operations there, FBI Division Five which sits inside the Royal Canadian Mounted Police, the compromised Canadian intelligence community, and a number of well-known Canadian banks). The US Intelligence Power recognises no limitations to its arrogant abuse of the power that it has usurped from the American people and that it deploys to coerce and subjugate the Executive Branch, in particular.

C.I.A. SCAMS INSIDE GOVERNMENT AS WELL AS THE PRIVATE SECTOR
Enron was NOTHING compared to what is emerging as this monstrosity’s financial and related crimes – dancing to the tune of the Bush and Clinton DVD Crime sub-Syndicates of the George Bush Center for Intelligence, Langley (which in turn serves even darker interests identified at the top of this report) – are progressively being exposed.

For the US Intelligence Power has penetrated and subverted not just the Financial Sector, both at home and internationally – exporting its corruption abroad in order to escape the US monopolies and securities legislation, and maximising the potential for perpetrating ever more open-ended fraudulent finance operations at home under cover of the National Security Act of 1947 et seq. (a crooks’ charter) – but has, in parallel, exploited its entrée inside official structures, such as the SEC, Fannie Mae and Freddie Mac, the CIA itself and the Pentagon (the Halliburton scamming operations) to perpetrate unspeakable frauds against targeted constituencies from inside the Government itself. After all, since the White House has for years been doing not a lot else but engage in open-ended corrupt financial operations, what’s the problem?

This abominable US Intelligence Power monstrosity needs to be decapitated, decimated, trampled under foot, and buried in concrete. Furthermore, when that imperative reform finally takes place, as it surely will – given the extreme shocks in store – not a single member of its corrupted staff should be ever eligible for re-employment in a new, slimmed-down US intelligence sector subject to proper checks and balances with very sharp teeth.

If you say this can’t happen, you have already fallen victim to a central ingredient of the cynical CIA Psy-Ops offensive that’s being waged at maximum intensity against the American people – namely, a defeatist mentality. They want you to think like that – because defeatism protects their continued illegitimate hegemony. But everything’s collapsing onto their heads now, we think.

FACT: These people CAN be defeated. Look what immense progress has been made since it ceased to be the case that they always got their own way. Further progress is being made every day, and the pace at which these people are being destabilised is rapidly accelerating. Remember: They never thought there could ever be any real opposition, so they weren’t prepared for it when it materialised: and they have been scared and on the defensive ever since.

The fact is, they don’t have the initiative, although they may kid themselves that they do: all of us who are standing up to these vermin, have the initiative. These CIA marionettes are spinning like tops. Many may wind up spinning in their graves or dangling from George H. W. Bush’s lamp posts. And an awful lot of people are likely to wind up in jail.

‘SORCHA FAAL’ WARMONGERING’ AGITPROP OPERATION
RUN BY AN OFFICE OF NAVAL INTELLIGENCE AGENT FROM VIENNA, VA
One egregious example of the contemporary manifestation of Operation Mockingbird, which we have exposed several times already in this column, is the fake so-called ‘Sorcha Faal’ operation.

These reports typically begin with the weasel phrase ‘Rumours circulating in the Kremlin today’ or else ‘Reports circulating in the Kremlin today’, for the purpose of conning the gullible reader into believing that he or she is reading inside information from Soviet Military Intelligence (GRU) or the successors to the KGB (FSB). As the Editor of Soviet Analyst, the Editor of this service is naturally aware of the fact that, as we have said before, the Kremlin doesn’t ‘DO’ rumours. So it is incredible that such a naïve and uneducated ploy has any traction at all.

As we have stated on several occasions in the past, the ‘Sorcha Faal’ warmongering drivel – much of which agitates for a world war as soon as possible, it seems – is disseminated by an Office of Naval Intelligence operative named J. Forrest Sharpe, working out of Vienna, VA.

The Office of Naval Intelligence is one of the snakepits within the US Intelligence Power that has been most viciously scrabbling, for years, to control the money. Its warmongering agitation and propaganda is associated with the ‘War Party’ who imagine that the financial crisis can be buried beneath the rubble of a World War.

This is an extremely malicious disinformation operation serving the interests of a particularly nasty component of the US Intelligence Power: ONI has a reputation of being much the most ruthless and aggressively dangerous of the various CIA ‘subsidiary’ and competing entities which are often at loggerheads with each other.

On 2nd February 2010, the Editor of this service emailed David M. Dastych, a Polish journalist and ‘former’ intelligence operative based in Warsaw, to inform him of the above facts, given allusions to Sorcha Faal disinformation in one of his reports (although Mr Dastych was not in fact buying the line). At 17:06 UK time (same day), the Editor received this response from Mr Dastych:

Dear Mr Story

I’ve checked about J. Forrest Sharpe and his publications. You’re perfectly right, this ONI officer pretends to be “SORCHA FAAL” and his publications pretend to be from a “rumour mill” of the Kremlin and the Russian Intelligence [services] (GRU, FSB).

My respect.

David Dastych.

WHY THE EAVESDROPPERS ROUTINELY SHOOT THEMSELVES IN THEIR CLUB FEET
The incident at 1:45pm UK time on 2nd February, itemised above, when the mention of the stealing of The Queen’s gold in a transatlantic telephone call was immediately followed by loud electronic jamming (which however was not replicated when the Editor called back a few minutes later), is simply the latest in a long line of such interferences with our communications which have confirmed or reconfirmed elements of research on which we were working.

Of these incidents, the previously most important occasion was a conversation in 2006 between the Editor in London, Mr Wanta in Wisconsin and ‘Mr Nasty’ (Thomas Henry) in Nebraska, in which the Editor mentioned in a few words his analysis of pan-German long-range subversion strategy and its implementation against the ‘Main Enemy’ (Britain and the United States) by the Nazi-DVD.

This ‘unexpected’ observation by the Editor – based, by the way, on documentary evidence, as well as on ongoing research – was immediately greeted not by one, but by no less than THREE gasps – none of which were emitted by parties to the conversation. Bearing in mind that Wanta answers the phone with ‘Guten Tag’, this was ‘quite interesting’.

All our phone calls (domestic as well as international) are listened to, and one can hear the various despicable eavesdroppers clicking in one after the other. These people may not understand that this behaviour is not merely tacky and sordid: it also enables us to inform them what we want them to know. It’s a two-way street. They probably never thought of that.

THE HIDEOUS FINANCIAL AND ECONOMIC ‘SHOCKS’ IN STORE
Finally, as we recently reported, the Barack Obama Administration will have the distinction of having presided over the accumulation of $4.5 trillion of Treasury ‘background’ debt – all of it wholly unnecessary – in the space of just two years. But it took from 1913 to 1994 for the US Treasury to incur Gross Federal Debt (as reported) of $4,643,307 million – and until 2005, if the Office of Management and Budget’s ‘smoke and mirrors’ device, mandated by Statute, whereby the surpluses in the so-called Trust Funds are ‘invested in’ the Federal Funds, is used as the measure.

Now as we have repeatedly stated, incurring this vast accumulation of new US ‘Trashets’ debt is wholly unnecessary, and therefore represents a further form of Financial Terrorism against the American people. Because if the Group of Seven-mandated Dollar Refunding Programme, requiring a regular calendar of fully taxable, transparent, on-the-books trades to take place on a continuing basis, had been implemented, the US Treasury Department would long since have been at the receiving end of a cascade of windfall tax receipts at 35% per trade – and wouldn’t have needed to have incurred much, or any, of this extra garbage debt at all.

Of course, implementation of this scheme would have, and will, knock out clandestine, off-balance sheet, tax-evasive derivatives trading, with the proceeds stashed in offshore bank accounts. But the proceeds from these discredited money laundering operations are basically stuck offshore anyway, and cannot be surfaced onto the balance sheet under Basel II and Basel III, except through crooked banks – making a laughable mockery of the observable persistent intent among bankers generally to try to rehabilitate fully the discredited derivatives mayhem.

THE LATEST AVAILABLE DERIVATIVES NOTIONAL VALUE DATA
To some extent, according to Bank for International Settlements data, the derivatives sector was somewhat restored in the first half of 2009 – given that, after peaking at $683,725 billion in June 2008, the notional derivatives contracts amount outstanding had ‘recovered’ to $604,622 billion by the end of June 2009 (taking account of double-counting) compared with the reported aggregate of $547,371 billion to which this notional figure had slumped by the end of December 2008.

That collapse had represented a notional value wipeout of no less than $136.4 trillion in the space of six months (actually, from mid-September to December 2008). In the first half of 2009, the notional value of derivatives contracts outstanding was clawed back up by $57.3 trillion, a 42% ‘recovery’ – indicating loud and clear that no lessons whatsoever had been learned from what happened, and that the financial community wasn’t inclined, even in the face of the massive slap in the face that it received from mid-September 2008 onwards, to go back to school.

CONGRESS SLAPPED IN THE FACE AS WELL: BY NEIL BAROFSKY
This is not only the view of our soundest advisers, but it is echoed by the only figure other than Paul Volcker within the Obama Firmament who has been talking any sense at all – namely, Mr Neil Barofsky, the Special Inspector General for the Troubled Asset Relief Program, whom the Obama Administration are obtusely ignoring.

As required by law, Mr Barofsky delivered a 224-page quarterly report to Congress on 30th January 2010, in which he yet again complained that Congress had been fiddling while Washington, DC, burned. US policymakers, he reiterated, had taken NO STEPS SO FAR to address the fundamental problem that triggered the financial crisis.

• Mr Barofsky did, however, reveal the small matter of 40-odd investigations into misappropriation of the $700 billion of TARP money (which was exactly what we had predicted in late 2008 when the criminal financier Paulson was orchestrating that operation). The $700 billion was leveraged to at least $23 trillion – which, by the way, belongs exclusively to the American people, as it’s ALL been stolen. ‘The money you make exploiting my money is my money’.

Specifically, Barofsky berated Congress, saying that ‘it is hard to see how any of the fundamental problems in the system have been addressed to date’. Echoing views expressed to us repeatedly by the securities expert, Michael C. Cottrell, Mr Barofsky elaborated that the bailout ‘will have been for naught if we do nothing to correct the fundamental problems in our financial system and [we will] end up in a similar or even greater crisis in two, or five, or ten years’ time’.

FOR ‘FUNDAMENTAL PROBLEMS’ READ: RAMPANT CRIMINALITY
However the ‘fundamental problems’ embrace rampant criminality inside the highest ranks of the US Federal Government, starting at the White House, the Treasury, the Federal Reserve and, of course, the criminalised Intelligence Power, which controls all three. The only progress that has been made in this connection has resulted from the determined opposition that the serpents have encountered not from within the Government’s own structures – but from beyond.

Like everyone else except this service, Mr Barofsky is unwilling to use straightforward words and phrases like ‘fraud’, scam’, ‘corruption’, ‘criminal finance’ – for fear of offending, in this context, US legislators who are themselves involved in clandestine money-laundering, tax evasion, Fraudulent Finance, and other manifestations of Financial Terrorism. We understand that when Paul Volcker testified before Congress on 3rd February 2010, it was possible to tell, from the questioning, which legislators had been bribed by Bernanke, Panetta, Geithner, or all of the above.

• And yes, as he can’t bring himself to use the appropriate vocabulary, Mr Barofsky naturally ALSO avoids mentioning Financial and Economic Terrorism altogether.

BANKERS AT DAVOS REPORTED TO HAVE BEEN AT LOGGERHEADS
The gravely damaged financial system, rotten to the core, and riddled with cancerworm, cannot be ‘repaired’ until the contemporary preference for Fraudulent Finance is cauterised first. Judging by reports of stand-up rows behind the scenes at bankers’ meetings in Davos, the self-destructing, complacent Wall Street, London, Paris, Zurich and Frankfurt élites, are losing their cool – as they contemplate the wreckage brought about by their own unfettered criminality and greed.

Yet by all accounts, their attitude is that any reforms that belatedly emerge from the US legislative process, and from the confused goings-on in London, they will be able to circumvent.

If that’s their attitude, Neil Barofsky’s two-year timeframe is much too optimistic. When inflation primed by this unprecedented outbreak of monetary waywardness and permissiveness takes off, the nitro-glycerine will be ignited – and the last chance to prevent a global calamity will have been squandered by these greedy money-lending opportunists, who have so far escaped scot-free from the consequences of their financial criminality (give or take their bonuses).

Two generations ago, these people would have been shot at dawn for speculation in time of war. They may fear that a similar fate awaits them ‘down the pike’ – so they may prefer to grab what they can now, before the destruction for which they and their criminalist associates in high places are responsible, drags them down to economic hell along with everyone else.

U.S. CROOKS REPORTED TO BE FLEEING THE COUNTRY
It is reported to us (as has been the case at tense stages of this crisis in the past) that criminal financiers are fleeing the United States – taking some of their loot with them. This time round, however, the reports have an urgency about them that we hadn’t noted on earlier occasions.

Fleeing abroad won’t do them much good, for two reasons. First, if they touch the funds, they will immediately be fingered. Secondly, they are just as likely, if not more so, to be picked up in Europe, than in the United States.

INTERPOL are on worldwide alert for these criminals, and the British and European anti-terrorism legislation has very nasty, sharp teeth. So come on over, folks: our cops will happily pick you up.

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, Hauppauge: 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
• 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.

• BEWARE OF MALICIOUS IMITATIONS: It has come to our notice that certain websites have been in the habit of copying reports from this site, attributing the reports to the Editor of this service, but at the same time AMENDING AND INSERTING TEXT NOT WRITTEN BY THE EDITOR.

• This is a very old, malevolent US counterintelligence DIRTY TRICK.

Therefore, you should be advised that the GENUINE ORIGINAL REPORT is, by obvious definition, accessible ONLY FROM THIS WEBSITE. If you come across an article elsewhere that is attributed to the Editor of this service, you should refer to the ORIGINAL ARTICLE HERE and you should bear in mind that the illegally duplicated article may contain text that was NOT written by the Editor of this service, but which was inserted for malicious purposes by counterintelligence.

Likewise, although we haven’t yet had time to elaborate this issue, we have taken drastic steps around the world to close off the malicious piracy of our books. One technique used by several disreputable sites (in the United States, the Netherlands and Switzerland) is to copy our title(s) and (a) to display an image of the front cover WITHOUT THE ISBN DATA at the top of the cover; and (b) to DELETE THE COPYRIGHT PAGE. In so doing, the criminal pirates proclaimed that they knew perfectly well that they were/are engaged in theft and can be prosecuted for stealing copyright.

• 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.

ADVERTISEMENT: INTERNET SECURITY SOLUTION
YOU CAN ORDER THIS DIRECT FROM THIS WEBSITE. Summary:
Press Internet Security Solution or go to the World Reports Limited serials catalogue and scroll down until you come to this product. Then proceed through the simple and ultra-safe ordering procedure [Visa or MasterCard only]. Send a donation as you order this RECOMMENDED solution.

NON-U.S. INTERNET SECURITY SOLUTION CD AVAILABLE: FAR BETTER THAN NORTON ETC
It has now been established that the National Security Agency (NSA) works with/controls Microsoft, Norton, McAfee, and others, in pursuit of the Pentagon’s vast BIG BROTHER objective, directed from the ‘highest’ levels (not the levels usually referred to) which seek to have every computer in the world talk direct to the Pentagon or to NSA’s master computers.

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

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

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

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

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

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

• It is suitable for PC’s but not Mac computers. As with all such programs, the License is renewable at a modest fee annually. This is done on-line in the usual way [with the supplier direct].

*VISTA: Virtual Instant Surveillance Tactical Application.

Advertisements

U.S. INTELLIGENCE POWER ‘STEALS $1.3++ TRILLION’

cropped-chrisstory

COLLECTIVE AMNESIA OVERWHELMS U.S. SOURCES ‘SEEKING RESOLUTION’

Saturday 9 January 2010 01:00

THE SITUATION REEKS TO HIGH HEAVEN OF GRAFT, COMPROMISE, BLACKMAIL, BRIBERY AND CORRUPTION MASTERMINDED BY PANETTA, MRS CLINTON, GEITHNER AND OBAMA

• WE MONITOR ANOTHER GIGA-SLITHER OF THE SERPENT IN REAL-TIME

• KEEP READING THE ‘OPERATION STILLPOINT’ REPORT DATED 7TH JANUARY 2010.
IT EXPLAINS, ACCURATELY, WHAT HAS BEEN HAPPENING SINCE EARLY REAGAN.

• Press ARCHIVE for immediate access to the crucial OPERATION STILLPOINT report.

• THE CMKM/CMKX CLASS ACTION FOR $3.87 TRILLION: SEE REPORT DATED 7TH JANUARY:
FOR THE FIRST TIME EVER WE ARE POSTING TWO REPORTS WITH THE SAME DATE. WE HAVE OBTAINED THE TEXT OF THE CMKM/CMKX CLASS ACTION LAWSUIT AGAINST THE SECURITIES AND EXCHANGE COMMISSION [S.E.C.] REQUESTING MONETARY COMPENSATION OF $3.87 TRILLION, AS FLAGGED IN OUR REPORT DATED 7TH JANUARY 2010. NOW FILED IN THE UNITED STATES DISTRICT COURT, CENTRAL DISTRICT OF CALIFORNIA, THE CASE # IS: CV10-00031-JVS (MLG-x). THIS TEXT IS NOW LIVE ON THIS WEBSITE.

• PRESS ARCHIVE AND YOU WILL SEE IT IS THE FIRST REPORT LISTED.

• MEMORANDUM TO MI-6 ET AL:
MAY THE RELEVANT PARTY HAVE CONFIRMATION OF THE LINE-ITEM PAYMENT PLEASE. CONSTANT SHILLY-SHALLYING BY STATESIDE SOURCES ON THIS SUBJECT HAS BEEN EXPERIENCED. WE HAVE BEEN ASKED TO SAY THAT THIS IS A DEMAND, NOT A REQUEST.

Before we go any further, here are two emails we’d like you to read:

(1): From a respected and very well-connected source in the United States:
8th January 2010 at 20:35 UK time:

‘Hi Chris. Just heard from a good source and he’s saying that your latest Update’
[7th January 2010] ‘is right on’.

(2)*: From A. Clifton Hodges, of Hodges and Associates, the firm of lawyers filing the CMKM/CMKX class action lawsuit against the Securities and Exchange Commission and its Commissioners joint and severally, referenced in our report dated 7th January 2010, in response to a ‘belt and braces’ request from the Editor for written confirmation that he was content for us, as we had been advised earlier, to ‘trailer’ the class action suit in our report dated 7th January. This email was received by us at 19:56 on 04 January 2010 UK time:

Mr Story
Thank you for your carefulness. For the record, you have my authorization to publish the CMKX trailer, and any other additional information that may illuminate it. I believe in what is being done and am anxious to assist in any reasonable way possible….

Sincerely, A Clifton Hodges
PS: Please keep up the fine job you and your associates are performing, I am happy to lend a hand if I can be useful.

* This is appended in order to ‘correct’ those, including an arrogant fellow in Paris who told the Editor to do his ‘due diligence’, who have purported to ‘correct’ the Editor’s information on the CMKM/CMKX exposure.

* Quite apart from the stupidity of that, it stands to reason (if such critics are capable of logic) that we would not publish information of such far-reaching significance, if it were not accurate and properly provenanced. We’ve being doing this stuff for NEARLY FOUR DECADES.

MISPRISION OF FELONY: U.S. CODE, TITLE 18, PART 1, CHAPTER 1, SECTION 4:
‘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’.

‘Seeing what’s at the end of one’s nose requires constant effort’. George Orwell.

‘If you think you’re too small to make a difference,
try sleeping in a closed room with a mosquito’. African proverb.

• FOR SEVERAL YEARS WE HAVE CARRIED THIS RUBRIC AT THE FOOT OF EACH REPORT:

• 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.

• 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.

• Please Make a Donation, if you feel able to do so, to help finance Christopher Story‘s ongoing global financial corruption investigations. Your assistance will be very sincerely appreciated and will make a real difference, hastening the OVERDUE resolution of the worst financial corruption and linked financial fallout in world history. Just press Make a Donation, which is live, and it takes you straight to our ultra-safe ordering system, which accepts Visa and MasterCard. Or press the live Donate link at the top right-hand corner of this page. See also the ADVERTISEMENT below.

• See the SECOND WHITE PANEL ON THE HOME PAGE for updated information on our very latest subscription-based print publications, including Economic Intelligence Review, Arab-Asian Affairs, Soviet Analyst and Global Analyst. The updates provide outline summaries of the subjects covered, most of which are immediately relevant to these reports, which supplement the serials.

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

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.

NEW REPORT STARTS HERE:

DEVELOPMENTS SINCE OUR REPORT DATED 7TH JANUARY 2010
We will now deal with developments that have transpired since we reported on 7th January 2010: that report should be borne in mind in absorbing what follows.

It can be accessed by pressing ARCHIVE.

Two over-arching developments have been observed:

• First, $1.3++ trillion was transferred on 7th January 2010 to ‘Alexandria’ [see below], that is to say to the Central Intelligence Agency. Ostensibly these funds were for ‘taxes’, but in reality they would appear to have been STOLEN by the White House and the US Intelligence Power (at 10:20pm EST].

• All of a sudden, on 8th January, NOBODY KNOWS ANYTHING. Contacts who have been veritable fountains of detailed information for years have miraculously NO INFORMATION, and haven’t a clue what is happening. This applies to Gold Badges and others who should know better.

• Now, we were’nt born yesterday, so we begin by asking the following question:

• How is it possible that, immediately following the transfer of $1.3++ trillion – a development WHICH WAS TRACKED IN REAL-TIME BY OUR CONTACTS AND HAS BEEN DEFINITIVELY VERIFIED – that THE FOLLOWING DAY, nobody has any idea why the releases have not been completed? This reeks of a typical White House/ C.I.A. stitch-up ORDERED FROM THE TOP.

COLLECTIVE AMNESIA FOLLOWS THE C.I.A.’S LATEST MASSIVE THEFT
This sudden outbreak of COLLECTIVE AMNESIA affects all sources of intelligence RIGHT ACROSS THE BOARD. What are we to assume? That these sources ALL CAUGHT SWINE ’FLU (remember it??) simultaneously? That, all of a sudden, they’re ALL suffering from Alzheimer’s?

Hardly. No, what we DO ASSUME, as we were’nt born last week, is that, ARMED WITH THIS NEWLY STOLEN MONEY, the Intelligence Power under Mr Leon Panetta has ‘made it worth their while’ for these intelligence and Trustee sources to suffer from amnesia simultaneously.

WE ACCUSE LEON PANETTA OF STEALING $1.3++ TRILLION
We therefore accuse Leon Panetta POINT BLANK of stealing $1.3++ trillion on the instructions of George Bush Sr. and Barbara Bush and of making arrangements to pay off all who are supposed to know better, and who purport to have been manoeuvring to clear up this mess – including Gold Badges and others who will be named, if this matter deteriorates any further.

WHY HAVENT ANY OF THE TOP LEVEL CRIMINALS BEEN REMOVED?
And WHO is Leon Panetta’s boss? Stand up, Barack Hussein Obama, the elected official who is responsible for getting this done. Mr Obama, here are our questions to you, Sir:

(1): Why have you not fired Leon Panetta?

(2): Why have you not fired Mrs Hillary Clinton?

(3): Why have you not fired that liar, Timothy Geithner?

(4): What double game are you playing, and why do you imagine for one moment that you are going to get away with further duplicity with impunity?

In this connection, we would like to point out that knee-jerk responses on certain websites to our reference in the report dated 7th January to Mr Obama, and the rôle of Republicans, were ignorant fantasies. Mr Obama is, whether you or anyone else likes it or not, a central figure in this crisis. We don’t care whether he’s Father Christmas, Brigitte Bardot or Frankenstein. It doesn’t matter what his politics are for THIS PURPOSE, either; and neither are sterile partisan politics RELEVANT IN THE FOCUSED CONTEXT that we are addressing.

• Get real, you knee-jerkers.

Now, if Mr Obama, an operative, is playing dirty double games, you can be certain of one thing: it will ALL come out in the wash. Or rather, the dirty linen will be revealed for all to see, and smell.

And do not be surprised if this latest abomination escalates further, as the desperate, cornered, terminally corrupt Intelligence Power seeks to cling on to its usurped and illegitimate hegemony over the Executive Branch of the US Federal Government, and virtually everything else.

This crisis will not ‘go away’, we are now being informed, until every single one of these rats has been taken out and given the treatment due to traitors in time of war.

• POSSIBLE EXPLANATION FOR OBAMA’S APPARENT CONDUCT:
It is likely that the three penetrations of the White House event for the Indian delegation that was featured in our report dated 7th January 2010, in which we indicated that these penetrations were almost certainly intended to send Mr Obama a message along the lines of ‘DO WHAT WE WANT, OR YOU’LL CEASE TO BE VERTICAL’, scared the President to such an extent that he caved in to the will of the snakes, serpents and rats in his putrid criminalist entourage. VERY LIKELY INDEED.

EVENTS MONITORED ON 7TH AND 8TH JANUARY

On 7th January, we learned as follows:

• INTERPOL brought in more personnel in planes over last weekend (2nd-3rd January) to handle the arrests and enforcement operations, in the face of the feckless, institutionalised weakness and double-dealing of dupicitous American colleagues.

•Mrs Barbara Bush, who has signatures controlling accounts and documentation even though the Bush Crime Family have reportedly been ‘cleaned out’ financially, has been interfering BIG TIME. Is there a problem, by any chance, just because this perpetrator is FEMALE? Surely not, in an era that has taken leave of its senses because of the mania for ‘equality’, to such an extent that it places women in the military front line?

• Several senior bankers were ELIMINATED. We were informed that these horizontalisations took place in the United States, London (where the corruption can be smelled from 60 miles away, where the Editor is sitting) and Paris.

• On making further enquiries, the Editor was informed that, at least in the US context, a CENTRAL BANKER or bankers suffered this fate. When we probed even further and learned of the parallel INTERPOL operation in London, we deduced that this may have referred to a horizontalisation at the Bank of England: however that, for the time being, is unconfirmed speculation on our part.

• The following countries were reportedly NOT PAID [see preceding report]: Greece, Iceland, Italy and Spain. What do these countries have in common? Answer: They were/are all Bush Crime Family laundry hidey-holes. They are being suitably punished by the enforcers.

• The Bush Sr.-linked Trustee named Doug Glascow in Texas, who was required to attend at a bank in Dallas, was reported to us first of all to have informed contacts that he could not attend at the bank because he was sick. However separately, we were told, he informed another party or parties that he had been involved in a car crash. BAD MOVE.

According to our sources, INTERPOL then obtained the police records for the location of the purported car wreck; and as no such car crash incident had been reported, the Trustee was accused of lying and was arrested.

The price of such antics at this late stage includes the penalty applicable to Economic Terrorists in time of war – plus, en route, the forfeiting of all assets.

It was on the basis of THIS EVENT, that all the usually well-informed sources bamboozled us and everyone else all day on 8th January with their collective amnesia – the pretext being that since Glascow had been ‘removed’ (as reported), ‘how could we know what was happening, as he was responsible for signing off for the subsequent payments’.

• The only problem with that alibi was that the law firm behind him had/has power to ‘sign off’ in Glascow’s absence (as reported to us). But see below when we come to that issue.

• The so-called ‘Connecticut Trustee’ (see report dated 28th December 2009) was reported to us to have been distorting information for public consumption, and had been advised that if he didn’t finish his work in accordance with his responsibilities, he will, like Glascow, forfeit everything he owns – not to mention suffering investigation and prosecution which, under the CHANGE OF POLICY at the US Department of Justice, has dire implications, as we have reported.

• On 8th January, we learned as follows:

• Friday 8th January was repeatedly described to us as being ‘AN ABSOLUTELY CRITICAL DAY’.

• It was reconfirmed that Mrs Barbara Bush has been interfering.

• It was elaborated to us that Mr Glascow had attempted to divert monies to Mrs Barbara Bush.

• The Dallas Trustee, Glascow, was supposed (despite the information about what happened on 7th January) to have signed off at 7:00am on 8th January. But he couldn’t, as he had been removed from the scene, according to the preceding day’s information. As indicated, that then provided the various informants with a pretext for suddenly ‘knowing nothing’.

• An unknown number of US Treasury officials were arrested on the morning of 8th January.

• A well-informed US source told us:
‘A lot of people won’t be around on Monday if it hasn’t been done today’. Later the same source elaborated: ‘They are going to have to take down a lot of people’.

• An unconfirmed report to us stated that Dr Joseph Ackermann, CEO of the DVD’s favourite banker, Deutsche Bank, had been confronted and ‘dealt with’. We cannot confirm this at this time. But it’s certainly imperative. He’s holding the world to ransom: see: OPERATION STILLPOINT.

• We were informed that our report exposing OPERATION STILLPOINT quote ‘didn’t just hit a nerve, it severed it’. Specifically, we were informed that people hadn’t realised that Stage 1 of OPERATION STILLPOINT embraced the myriad Ponzi schemes, of which Madoff, Stanford and CMKM/CMKX are the primary examples, and all the scams from which many of our readers have suffered so badly. This includes ALL the Ponzi programs specialising in stealing the principal.

• FACT: Notwithstanding that ‘today [Friday, 8th January] is the crucial day’, the releases did not take place. How do we know this? Because certain parties who would have been appropriately informed received no information, under the blanket cover provided by the sudden epidemic of convenient collective amnesia.

THE TROUTMAN SANDERS LLP DIMENSION
In the preceding reports we referenced the Atlanta-based firm of Troutman Sanders LLP as having been instructed to break down and make disbursals, according to our sources. This has not been denied. The Administrative leadership of this firm is as follows:

Braykovich, Mark: Atlanta
Chen, Jane: Shanghai
Chrovat, Laura M,: Chicago
Clifton, Sherl A.: Orange County
Conover, Cindy A.: Washington, DC
Daniel, Sallie A.: Atlanta
Engel, Claire A.: Atlanta
Fan, Janet: Hong Kong
Field, Marina L: San Diego
Fulk, Judy A: Atlanta
Gilbert, Marta D.: Atlanta
Goold, Kimberly: Virginia Beach, Norfolk
Hinnant, Amy: Raleigh
Kunkel, Barbara: Atlanta
Murphy, Janet: Tysons Corner
Neary, Timothy R: Washington, DC
Newcomb, Robert W.: Richmond
Ramsey, William R: Atlanta
Roath, Clare Martin: Atlanta
Ruberti, Catherine I.: Atlanta
Williams, Lee Tremlett, Chief Financial Officer, Atlanta
Zimbaro, Raffaela: New York.

On both 7th and 8th January 2010, it was emphasised to us by several sources that if a single penny were misrouted or misappropriated, then (a) the key personnel would be arrested and (b) the firm’s doors would have to be closed and it would cease to be in business come next week.

• Will this firm be in business next week?

• Is INTERPOL doing it’s job adequately?

• Is President Obama protecting Panetta, Mrs Clinton, Geithner, and the other scumbags, as would appear to be the case as NONE OF THESE PEOPLE HAVE BEEN SACKED despite the fact that this is by far the worst crisis to face the United States of America for decades, and probably – if matters continue in prevailing mode – in the whole of its tawdry history?

• If Obama is protecting these people, is he not then quite plainly a co-conspirator, so that he cannot be exempted from arrest and takedown, as we were advised he was warned on his return from his vacation in Hawaii?

• Is INTERPOL vigorously addressing the theft by the CIA of $1.3++ trillion and:

• Is it not high time that INTERPOL took on the task of distributing the funds directly itself, as none of these corrupt US bankers, office holders and operatives can be trusted?

• FACT: The arrival of $1.3++ trillion in ‘Alexandria’ on 7th January may have been routed through the Tysons Corner office of the firm of lawyers mentioned above. It’s located within what London property agents call ‘a stone’s throw’ of the Central Intelligence Agency’s Langley base (sorry, we mean: the George Bush Center for Intelligence).

• As no doubt you all know, the following characters are rushing, all of a sudden, for the exits – having ‘considered their options’ over the holiday period: Senator Christopher Dodd (Stalin’s Grandson); Senator Bryan Dorgan; Bill Ritter, Governor of Colorado; and John Cherry (who has abandoned his campaign for the Governorship of Michigan).

The words ‘heat’ and ‘kitchen’ spring to mind here.

• FACT: We are informed [see above] that certain people have been quote ‘taken out and shot’ on both sides of the Atlantic. Some days ago, sources with somewhat unsavoury connections said: ‘It’s going to get bloodier’. IT IS GETTING BLOODIER.

• That’s the way it looks from London tonight.

• PERSONAL NOTE: The Editor and his wife will be attending their second grandchild’s christening in Cambridge this weekend, so the Editor will be out of his private office from 2:00pm on Saturday 9th January until late on Sunday evening 10th January. The christening’s more important.

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
• 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.

ADVERTISEMENT: INTERNET SECURITY SOLUTION
YOU CAN ORDER THIS DIRECT FROM THIS WEBSITE. Summary:
Press Internet Security Solution or go to the World Reports Limited serials catalogue and scroll down until you come to this product. Then proceed through the simple and ultra-safe ordering procedure [Visa or MasterCard only]. Send a donation as you order this RECOMMENDED solution.

NON-U.S. INTERNET SECURITY SOLUTION CD AVAILABLE: FAR BETTER THAN NORTON ETC
It has now been established that the National Security Agency (NSA) works with/controls Microsoft, Norton, McAfee, and others, in pursuit of the Pentagon’s vast BIG BROTHER objective, directed from the ‘highest’ levels (not the levels usually referred to) which seek to have every computer in the world talk direct to the Pentagon or to NSA’s master computers.

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

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

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

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

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

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

• It is suitable for PC’s but not Mac computers. As with all such programs, the License is renewable at a modest fee annually. This is done on-line in the usual way [with the supplier direct].

*VISTA: Virtual Instant Surveillance Tactical Application.

RELEASES OCCURRED ON 1ST MAY AS DEMANDED BY WRIT

BUT THE CUSTODIAN BANKS ARE ILLEGALLY BLOCKING TRUSTEES’ ACCESS

Thursday 7 May 2009 08:00

THE BANKS ARE OBSTRUCTING JUSTICE, ARE ACTING ILLEGALLY, AND ARE IN GROSS AND BLATANT BREACH OF THEIR BASIC FIDUCIARY DUTIES AS CUSTODIANS OF THEIR CLIENT TRUSTEES’ PAID-IN FUNDS. THESE BANKS ARE PERPETRATING FINANCIAL TERRORISM:

• FUNDS WERE PLACED IN THE TRUSTEES’ ACCOUNTS ON 1ST MAY

• BUT THE CUSTODIAN BANKS HAVE SO FAR ILLEGALLY BLOCKED ACCESS TO THE FUNDS

• THE WRIT HAS THEREFORE NOT BEEN FULLY EXECUTED

• WERE THE BANKS GIVEN PERMISSION TO ACT ILLEGALLY?

• WARNING TO GEITHNER IN THE LIGHT OF THE ABOVE

• OBAMA AND GEITHNER OBSTRUCTING JUSTICE AND PERPETRATING TERRORISM

• CRIMINAL FINANCIAL ENTERPRISES AND THEIR DIRECTORS

• ENFORCEMENT TEAM CONTINUING ITS NECESSARY WORK

• THE CRIMINAL BANKS HAVE NO EXCUSE THIS TIME

• NOW WE KNOW WHY THE TRUSTEES WERE ABUSED ALL WEEKEND

• THE AIR FORCE ONE EPISODE OVER MANHATTAN

• THE CURIOUS MATTER OF THE BRIEFCASE UNDER THE TABLE

• ‘WEAPONISED PNEUMONIC OR BUBONIC PLAGUE’

• FORMER U.S. HIGH OFFICIALS CONTINUE RUNNING ‘BLACK OPS’

• WILD REPORTS BY ANONYMOUS UNPROVENANCED SOURCES

• OUTGOING BRITISH M.E.P. BLASTS THE SHAM EUROPEAN PARLIAMENT

THE SOLUTION TO THE CRISIS THAT HAS BEEN AVAILABLE ALL ALONG:
Operating the $ Refunding from London without US Government participation delivers:

(1) Massive ongoing windfall tax accruals to the BRITISH Treasury given that all funds resident in the United Kingdom jurisdiction for 24 hours are taxable by the Inland Revenue. This makes the UK Refunding proposal of extreme interest to Her Majesty’s Government and the UK Treasury.

((2) Massive ongoing windfall benefits to the UNITED STATES Treasury given that it will also receive a cascade of tax accruals from this independent private sector Refunding Program.

(3) The necessary refinancing of the UK and US banking systems ON THE BOOKS with no input from either Government and NO CORRESPONDING DEBT CREATED IN THE BACKGROUND.

(4) GOOD (i.e., on-balance sheet, taxed) money which will CHASE OUT THE BAD MONEY that the crass US Fraudulent Finance concoction will generate.

• In mid-March we published: International Currency Review Volume 34, #2 on Systemic Fraudulent Finance and The Legalisation of Financial Corruption. Also published recently are issues of our titles The Latin American Times, Economic Intelligence Review, London Currency Report, Interest Rate Service and Arab-Asian Affairs. Issues of Soviet Analyst and Global Analyst are imminent.

• For details, see the second white panel on the Home Page.

• To subscribe to our intelligence services, see the catalogue under World Reports Limited.

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

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

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

• LEO WANTA: As you may recall, the Editor lent this operative $35,000 to extract him from what we diagnosed as fraudulent probation, due to expire on 28th November 2010. This action triggered the entire sequence of unravelling events that has followed. As a consequence, Wanta’s probation was duly shortened by five years, to expire on 14th November 2005. The private funds, which the Editor filched from the proceeds of the sale of our London house, should have been repaid on 11th June 2007 with interest, having been made available for a two-year term. The Editor has not been repaid, Mr Wanta has taken no steps to indicate to the Editor why this is the case, and has not written to explain the situation: so that, as a consequence, these funds are considered to have been stolen.

Furthermore, after the Editor made this platform available to assist Mr Wanta with his problems, he double-crossed us as revealed in our reports dated 3rd and 18th March 2008. Since then, we have had nothing whatsoever to do with this US operative. However on 6th May 2009, he took it into his head to circulate, without our permission, a copyrighted report that we published on the 18th April 2006. The Editor would like it to be known that we did not authorise the redistribution of this article and that Wanta is not permitted to steal our copyrighted works without prior permission. Should any further such breaches occur, we will reserve the right to add this further impertinence to the list of follies that this operative has committed against us, and will take measures to protect our rights.

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.

NEW REPORT STARTS HERE:

RELEASES TOOK PLACE ON 1ST MAY AS REQUIRED BY THE WRIT
On 1st May 2009, the necessary releases, delayed since time immemorial by the corruption of the highest US office-holders, intelligence cadres, banks and their foreign co-conspirators to defraud the rightful recipients, were paid into the Trustee accounts at the relevant US money center banks.

BUT THE CUSTODIAN BANKS HAVE SO FAR ILLEGALLY BLOCKED ACCESS TO THE FUNDS
It is now SIX days later, and the banks acting as custodians of the funds have failed to allow the Trustees into whose accounts the funds were paid, to access them – in gross, criminal breach of their fiduciary duty to enable the Trustees to take economic receipt of the funds for which they are responsible. The banks are therefore engaged in criminal obstruction of justice and terrorism.

FUNDS WERE PLACED IN THE TRUSTEES’ ACCOUNTS ON 1ST MAY
The released funds are ON THE BANKS’ BOOKS, which is the central point to bear in mind when assessing what follows. Instead of allowing the Trustees to handle their funds in accordance with instructions, the criminal enterprise banks are exploiting the existence of these funds that are now ON their books to generate new liquidity, on the working assumption that (a) they will not be held to account and (b) that the President of the United States and the Treasury Secretary will not enforce the law to bring an end to this criminal abuse and obstruction of justice.

THE WRIT HAS THEREFORE NOT BEEN FULLY EXECUTED
The World Court Writ of Execution raised by the Chinese parties and representatives of The Queen reportedly on behalf of the international community to bring an end to this American (and German) financial criminality has therefore not yet been fully enforced. The first stage – release of the funds into the Trustees’ accounts – took place as noted on 1st May 2009, thereby ‘compromising’ the war threat by the international community.

But the second stage, permitting use of the funds by the Trustees, had yet, as of this filing, to be implemented. The banks in question are custodians with fiduciary responsibility to the Trustees, and are required forthwith to place the funds live on their clients’ accounts. They have no latitude whatsoever to prevent their clients from using their funds as they see fit.

But that is not happening. Furthermore, this has been going on for the past six days.

WERE THE BANKS GIVEN PERMISSION TO ACT ILLEGALLY?
Because what they are all doing is ILLEGAL, it appears that the institutions may have been GIVEN PERMISSION TO ACT ILLEGALLY, which may implicate the US Treasury Secretary, Mr Timothy Geithner, and the President of the United States, Mr Barack Obama.

Mr Geithner can ORDER the banks to release the funds to the Trustees but, as of this posting, HE HAD NOT YET DONE SO. That means he is a co-conspirator in this OBSTRUCTION OF JUSTICE.

Why is this? Could he have been coerced? Could he have been bought off? The second possibility seems more likely, in view of the sudden appearance – out of context – of the following text at the foot of a report published by the operative Wayne Madsen on 5th May, which also mentioned the London ‘Safety Lock Box’ raids that took place on 2nd June 2008 that we have often referred to in these reports, since they ‘blew’ the geo-corruption linkages sky-high, and have triggered multiple dimensions of the unraveling process, as predicted:

‘Informed sources have told WMR (Wayne Madsen Report) that high-level rumors of a sex scandal involving the Treasury Secretary (Timothy Geithner) are swirling around both the Treasury and the Inter-American Development Bank, headquartered in Washington, DC’.

WARNING TO GEITHNER IN THE LIGHT OF THE ABOVE
Since Madsen is known to be an operative, we take this as a warning to Geithner that he is to be or is being blackmailed; and the reason for the appearance of this text out of context from the rest of the Madsen report dated 5th-6th May is that Geithner is allowing the banks to break the law and is obstructing justice – a not-so-subtle way of drawing to his attention the need for the US Treasury Secretary to reverse himself IMMEDIATELY and to order the banks to cease and desist from their illegal operations, obstruction of justice and abuse of their fiduciary duties.

OBAMA AND GEITHNER OBSTRUCTING JUSTICE AND PERPETRATING TERRORISM
More generally, since Geithner and relevant highest-level officials with the power to do so have NOT PREVENTED THE BANKS FROM ACTING ILLEGALLY, they are ALL OBSTRUCTING JUSTICE and are de facto co-conspirators in this FRAUD and breach of the Rule of Law. Therefore, they can be designated, like the criminal enterprise institutions concerned, as being themselves engaged in perpetrating financial and economic terrorism against the United States, the people of the United States and the Rest of the World, for which only the most severe measures are applicable.

Also obstructing justice and engaging in economic and financial terrorism, given their involvement in these matters, are Mrs Barbara Bush – who is stated by multiple sources to be handling Mr Bush Sr.’s affairs and interacting with the Pierce family given that Bush Sr.’s dementia is progressing fast (it is further advanced than is reported) and he has difficulty recognising his sources by name or face – Vice President Joseph Biden, William Jefferson Clinton and Mrs Hillary Rodomski Clinton.

(Having put his foot in it by stating that, given the ‘flu scare, he would not advise his family to travel on public transport, Biden made sure that cameras were on hand when he publicly appeared on 4th April at the Wilmington, Delaware, train station after riding Amtrak from Washington).

CRIMINAL FINANCIAL ENTERPRISES AND THEIR DIRECTORS
The criminal enterprise institutions that are acting illegally in breach of their fiduciary duties and obstructing justice in this respect are reported to us to include the following:

JPMorganChase, Deutsche Bank acting as clearing house for JPMorganChase, Citibank, Bank of America, and Wells Fargo.

The Directors of these institutions, being responsible to their Boards, are PERSONALLY liable along with their criminal enterprise firms, for the consequences of the crimes being committed, whether authorised by higher authority of not. That includes OBSTRUCTION OF JUSTICE.

Higher authority cannot ever authorise illegal activity – the overturning of the Rule of Law – with impunity. It may THINK it can, and the banks that are exploiting the fact that huge sums were placed ONTO THEIR BOOKS on 1st May 2009, may ASSUME that they are authorised to operate illegally, with impunity: but the price to be paid for this grotesque breach of their basic fiduciary duty and the parallel obstruction of justice will almost certainly turn out to be extremely high.

The Directors of these entities (1) are as follows:

Akamoto, Ross, Deutsche Bank AG
Al Thani, Nawaf, Deutsche Bank AG
Armstrong, C. Michael, Citigroup/Citibank
Asmarger, Regis, Deutsche Bank AG
Arzber, Thomas, Deutsche Bank AG
Augustine, Norman, Deutsche Bank AG
Baker II, John D., Wells Fargo
Barnet III, William, Bank of America
Belda, Alain J.P., Citigroup/Citibank
Binh, Pham, Deutsche Bank AG
Bock, Kurt, Deutsche Bank AG
Böhr, Wolfgang, Deutsche Bank AG
Borda, Kenneth, Deutsche Bank AG
Börsig, Clements, Deutsche Bank AG
Botelho, Mauricio, Deutsche Bank AG
Bowles, Crandall C., JPMorganChase
Bramble, Sr., Frank P., Bank of America
Braunstein, Jason, Deutsche Bank AG
Bryant, Charles, Deutsche Bank AG
Bryson, John, Deutsche Bank AG
Budzvna, John, Deutsche Bank AG
Burke, Stephen B., JPMorganChase
Capellas, Michael, Deutsche Bank AG
Cardoso, Fernando, Deutsche Bank AG
Cash Jr., James, Deutsche Bank AG
Casjens, Günther, Deutsche Bank AG
Chandler, Edward, Deutsche Bank AG
Chen, John S., Wells Fargo
Colbert, Virgis W., Bank of America
Collins, John T., Bank of America
Conroy, Kathryn, Deutsche Bank AG
Cote, David M. JPMorganChase
Countryman, Gary L., Bank of America
Crown, James S., JPMorganChase
Cunningham Keith, Deutsche Bank AG
Dean, Lloyd H., Wells Fargo
Deering, Anthony, Deutsche Bank AG
Deutch, John M., Citigroup/Citibank
Dimon, James, JPMorganChase
Dunham, Archie, Deutsche Bank AG
Eick, Karl-Erhard, Deutsche Bank AG
Fallon, Robert, Deutsche Bank AG
Förster, Heldrum, Deutsche Bank AG
Fortabat, Maria de, Deutsche Bank AG
Franks, Tommy R., Bank of America
Futter, Ellen V., JPMorganChase
Gifford, Charles K., Bank of America
Gray, III, William H., JPMorganChase
Griswold IV, Benjamin, Deutsche Bank AG
Grundhofer, Jerry A., Citigroup/Citibank
Guzman, Nicolas, Deutsche Bank AG
Hashimoto, Toru, Deutsche Bank AG
Herling, Alfred, Deutsche Bank AG
Hernandez, Jr., Enrique, Wells Fargo
Herzberg, Gerd, Deutsche Bank AG
Howell, William, Deutsche Bank AG
Idei, Nobuyuki, Deutsche Bank AG
Iglesias, Enrique, Deutsche Bank AG
Jackson, Jr., Laban P., JPMorganChase
James, Donald M., Wells Fargo
Jeffe, Robert, Deutsche Bank AG
Job, KBE, Peter, Deutsche Bank AG
Johnson, Robert, Deutsche Bank AG
Joss, Robert L., Wells Fargo
Kaden, Lewis B. Citigroup/Citibank
Kagermann, Henning, Deutsche Bank AG
Kangas, Edward, Deutsche Bank AG
Kappes, Hans-Peter, Deutsche Bank AG
Khan, Rafi, Deutsche Bank AG
Klee, Martina, Deutsche Bank AG
Kley, Karl-Ludwig, Deutsche Bank AG
Kovacevich, Richard M., Wells Fargo
Kuczynski, Pedro-Pablo, Deutsche Bank AG
Labarge, Suzanne, Deutsche Bank AG
Lee, Gang-Yon, Deutsche Bank AG
Lévy, Maurice, Deutsche Bank AG
Lewis, Kenneth D., Bank of America
Li, David, Deutsche Bank AG
Liveris, Andrew N., Citigroup/Citibank
Lozano, Monica C., Bank of America
Luengas, François, Deutsche Bank AG
Mark, Henriette, Deutsche Bank AG
Marram, Ellen, Deutsche Bank AG
Martin, Lynn, Deutsche Bank AG
Massey, Walter E., Bank of America
May, Robert, Deutsche Bank AG
May, Thomas J., Bank of America
McCormick, Richard D., Wells Fargo
McDonald, Mackey J., Wells Fargo
Mer, Francis, Deutsche Bank AG
Milligan, Cynthia H., Wells Fargo
Mitchell, Georgina, Deutsche Bank AG
Mitchell, Patricia E., Bank of America
Montova, Miguel, Deutsche Bank AG
Moore, Nicholas G., Wells Fargo
Mordashov, Aleksey, Deutsche Bank AG
Moriarty, Rich, Deutsche Bank AG
Mulcahy, Anne, Citigroup/Citibank
Neubart, Garrett, Deutsche Bank AG
Nocvak, David C., JPMorganChase
Oetker, August, Deutsche Bank AG
O’Neill, Michael E., Citigroup/Citibank
Pagani, Luis, Deutsche Bank AG
Pandit, Vikram, Citigroup/Citibank
Parsons, Richard D., Citigroup/Citibank
Pfeiffer, Eckhard, Deutsche Bank AG
Phelps, Michael, Deutsche Bank AG
Pina, Antonio, Deutsche Bank AG
Pischetsrieder, Bernd, Deutsche Bank AG
Platscher, Gabriele, Deutsche Bank AG
Prueher, Joseph W., Bank of America
Qingyuan, Li, Deutsche Bank AG
Quigley, Philip J., Wells Fargo
Ramadorai, S., Deutsche Bank AG
Raymond, Lee R., JPMorganChase
Rhodes, Bill, Citigroup/Citibank
Ricciardi, Lawrence R., Citigroup/Citibank
Rice, Donald B., Wells Fargo
Rodin, Judith, Citigroup/Citibank
Rogowski, Michael, Deutsche Bank AG
Rossotti, Charles O., Bank of America
Ruck, Karin, Deutsche Bank AG
Runstad, Judith M., Wells Fargo
Ryan, Charles, Deutsche Bank AG
Ryan, Robert L., Citigroup/Citibank
Ryan, Thomas M., Bank of America
Sada, Armando, Deutsche Bank AG
Samuelsson, Hakan, Deutsche Bank AG
Sanger. Stephen W., Wells Fargo
Santomero, Anthony M., Citigroup/Citibank
Schaeffer, Maria-Elisabeth, Deutsche Bank AG
Siegert, Theo, Deutsche Bank AG
Sloan Jr, O. Temple, Bank of America
Snow, John, Deutsche Bank AG
Steel, Robert K., Wells Fargo
Stumpf, John G., Wells Fargo
Svenson, Susan G., Wells Fargo
Tan, Keng Yamc, Deutsche Bank AG
Teyssen, Johannes, Deutsche Bank AG
Thieme, Marlehn, Deutsche Bank AG
Thompson, Jr., William S., Citigroup/Citibank
Thumann, Jürgen, Deutsche Bank AG
Tillman, Robert L., Bank of America
Todenhöfer, Tilman, Deutsche Bank AG
Toth, Devin, Deutsche Bank AG
Unuvar, Ahmet, Deutsche Bank AG
Urrutia, Miguel, Deutsche Bank AG
Volk, Stephen, Citigroup/Citibank
Wanandi, Sofjan, Deutsche Bank AG
Ward, Jackie M., Bank of America
Weatherill, Lucas, Deutsche Bank AG
Weldon, William C., JPMorganChase
Wenning, Werner, Deutsche Bank AG
Wolfe, Louis, Deutsche Bank AG
Wunderlich, Leo, Deutsche Bank AG
Yunling, Zhang, Deutsche Bank AG
Zetsche, Dieter, Deutsche Bank AG
Zhang, Lee, Deutsche Bank AG

ENFORCEMENT TEAM CONTINUING ITS NECESSARY WORK
The enforcement team headed by Swiss personnel cooperating with foreign government cadres to enforce execution of the World Court’s Writ of Execution continues, we understand, to deploy all means available to procure compliance with the Writ of Execution. Arrests and ‘neutralisations’ have continued unabated for the past several weeks.

Since the enforcement team is NOT free to leave the job half done – as discussed in the preceding report, failure to execute the Writ of Execution is not an option for the team’s members: otherwise they themselves will become co-conspirators in the obstruction of justice – this heightened crisis environment will continue until resolution.

Logic would therefore suggest that ALL Directors of the criminal enterprise institutions engaged in this fraudulent tapping of the paid-in funds, breach of fiduciary duty and obstruction of justice are vulnerable to whatever measures the enforcement team unilaterally decides to take in order to fulfil its instructions and to procure completion of its allotted task – which means compelling these very arrogant and recalcitrant institutions and their Directors, to meet their fiduciary obligations.

THE CRIMINAL BANKS HAVE NO EXCUSE THIS TIME
In the past, criminalist officials and bankers have enjoyed playing the disinformation game of ‘it’s not my fault’: but this option is precluded now because the institutions concerned are all overtly engaged in maximising the accruals to be leveraged off the funds that are sitting on their books in the Trustees’ accounts, which is illegal. The big US banks are in gross breach of standard banking conduct, which means that, as we have often argued in the past, they cannot be trusted to carry out instructions – which further means that anyone dealing with the identified giga-institutions may be risking the loss of control over any funds they handle.

Moreover by depriving the countries and Trustees of their rightful funds while these banks pursue their own selfish interests and obstruction of justice contrary to their fiduciary duty to their clients, the banks have reconfirmed that they are indeed criminal enterprises.

And by condoning this latest appalling breach of banking standards, the Rule of Law, and of trust, President Obama, George Bush 41 and Mrs Barbara Bush et al are active participants in blocking the releases and in obstructing justice – a state of affairs that reflects a reckless degree of risk-taking arrogance that the Rest of the World has come to associate with the pariah nation called the United States of America, and which is liable to lead to a progressive degradation of international relations in the context of open economic warfare built on a substructure of the red-hot internal and external intelligence war which is in turn reflected in the irresponsible lies and diversionary reports churned out by notorious US controlled disinformation outlets.

NOW WE KNOW WHY THE TRUSTEES WERE ABUSED ALL WEEKEND
The foregoing throws new light on why the Trustees were kept at the banks from Friday 1st May through to Monday 4th May, when, as previously reported, a shoot-out occurred, killing two Federal officers. These tensions erupted because instead of allowing the Trustees to access their funds in accordance with their fiduciary obligations, the corrupt banks blocked access and embarked upon another round of exotic financing operations using the money that was now sitting ON THEIR BOOKS as base. In other words, when the releases finally occurred, they ‘pulled another one’.

As noted above, they must have been told that they could proceed to break the law; and this clearance to act illegally could ONLY have come from the highest levels. But as we all know, compliance with an illegal order does not absolve the perpetrator from responsibility at all. The banks that are acting illegally and are obstructing justice are legally as well as criminally liable.

THE AIR FORCE ONE EPISODE OVER MANHATTAN
The episode involving one of the Air Force One planes over Manhattan on 27th April now turns out to have been far more serious than has hitherto been explained, and can be read several ways, including the possibility that it may reflect a deep schism in the bowels of the US official structures.

Although F-16s always take up the lock-on position at the tail of the target aircraft, it is also true that when the fighter aircraft is directly on the tail of a target plane, that is a military position for a shoot-down. If the F-16’s Stinger missile had been released, the US President’s aircraft would have been destroyed. (There were in fact two F-16s present),

If that assumption is correct, the reason for the extraordinary manoeuvres of the Air Force One may have been that the presidential plane had to fly close to the buildings where the warmth emitted from the windows could interfere with the Stinger missile, which is heat-seeking.

On this analysis, the presidential plane shown in the videos was being lined up to be shot down by one of the F-16s, which, by extrapolation may have been given actual instructions to destroy the presidential plane unless it returned to the Washington area. The intention had been for the plane to land at LaGuardia Airport.

Although President Obama was reported to be elsewhere in the country on 27th April, he is known to have a double, thought to be a brother, who is slightly darker but can be ‘touched up’ with the application of those careful make-up skills deployed by the specialists hired from Hollywood for this purpose (see earlier posting). According to an unconfirmed report, it is possible that the purpose of the flight of the plane from the Air Force One fleet was for Obama secretly to attend a meeting at Citibank at which George H. W. Bush Sr. was thought to be present. Any such meeting would have needed to take place at the bank.

In which case, to take this hypothesis to its logical conclusion, the interception of Air Force One by an armed and primed US F-16 which actually locked-on to the tail of the presidential plane ready to shoot the plane down if it did not conform with the F-16’s instructions, provides empirical evidence of something being seriously wrong at the heart of the US structures, of the order of a colossal breach between warring elements – all over the money, of course.

Even though F-16s always ‘tailgate’ like this in such circumstances, the F-16’s behaviour conforms to classic military manoeuvres, indicating at the very least here that the ‘PR pictures’ report was a spurious and feeble, albeit brazen, cover story.

There is probably a link, too, to the shoot-out that occurred in the morning of 27th April, after the country representatives had been abused all weekend long, as discussed in our report dated 29th April – again, over money, or rather the blocking of the Trustees’ access by the banks.

An alternative hypothesis would be that the episode had something to do with shoulder-mounted missiles, some of which are of Russian origin, that were reported to have been brought into New Jersey, home of the seething US component of the Russian mafiya, who ‘want to be paid’ like the Chicago elements as well. On 12th August 2008, 3 men were arrested, one at Newark and two in New York, on suspicion of seeking to procure missiles for launching against US airliners.

That the episode on 27th April may have been related to the known concern over shoulder-fired missiles sounds less far-fetched when we recall the incident earlier this year of the scheduled flight that landed in the Hudson River without loss of life. The videos show that the two engines were damaged in a manner that could not possibly have been achieved by a bird-strike – the story that was quickly peddled to cover up what actually happened – which may have been that the plane was immobilised by one or more shoulder-launched missiles. The video showed a black SUV racing along the side of the river as the plane ‘landed’ on the water. In other words, a message may have been sent by the Russian mafiya that they expect to be paid, or nastier things will start happening.

THE CURIOUS MATTER OF THE BRIEFCASE UNDER THE TABLE
Sources who attended a very recent ‘conservative’ dinner meeting in Washington, DC, at which General John Singlaub, Ross Perot and General Petraeus were prominently on display, reported to us that a certain operative spent the dinner suddenly leaving the table to ‘conduct some business’, returning, vanishing again, and then finally disappearing altogether, during the event. On arrival at the dinner, the spook had brought a briefcase which he slid under the table where he was seated.

When, finally, this agitated individual left altogether and didn’t return, it was later found that his briefcase was still where he had left it under the table. Our sources advise that it was decided to open the briefcase. It contained nothing at all, with the exception of a bottle of liquid. Research reveals that the operative concerned is a distinguished US counterterrorism official and a sniper.

‘WEAPONISED PNEUMONIC OR BUBONIC PLAGUE’
A retired US Army medical expert advises that our first-hand report from Mexico City [1st May 2009 posting] implied to her that the outbreak appeared to involve Weaponised Pneumonic Plague. The Merck Manual states that it has a 2-3-day incubation period, followed by the abrupt onset of high fever, chills, tachycardia, and often severe headache. Coughing, not prevalent initially, develops within 20 to 24 hours. Sputum is mucoid at first, rapidly shows red blood specks, and then becomes uniformly pink (blood). Most untreated patients die within 48 hours after the onset of symptoms.

The authoritative source elaborated:

‘The only way they could have done this would have been using the advance preparatory team that arrives before the POTUS. The team would never have been suspected. Mexico City is the perfect medium for this purpose, having a high concentration of people (over 20 million++), poverty, lousy sanitation and health, and the stagnant air pollution that overhangs the city. I would suspect that the advance prep team would also have been required to check out the top of all the highest and medium-sized buildings (for likely sniper positions). They would have used the tallest buildings and worked their way to street level in order to gain maximum saturation so as to obtain the highest kill ratio, given the dense smog and pollution and heavy population density. They would most probably have used the exhaust systems and would have placed aerosolised delivery systems within them – all set with timers, of course. They would have to have been present in order to release the plague. The entire presidential team would have been on antibiotics so as not to arouse anyone’.

‘Yersinia pestis (Bubonic Plague, or Black Death, which is still found in rodents in the southwestern United States): who would suspect it? It is not the ‘flu. The ‘flu that is (or was) spreading across the United States could simply be a cover. They should spread out and try to find the delivery systems. These people are murderous and very evil, and extremely stupid. They are not the sharpest tools in the shed. They have to find the delivery systems before these operatives attempt to retrieve them’.

‘Bubonic plague involves the lymph nodes and severe swelling, whereas pneumonic plague is a variant but does not involve the lymph nodes so it is usually misdiagnosed, and is very deadly’.

Marc S. Griswold, a former Secret Service agent who was serving as the lead advance special agent for the US Energy Secretary, Stephen Chu, during the trip to Mexico in mid-April, and who travelled with President Barack Obama on his visit, confirmed in early May that the minor cough he contracted in Mexico developed into Swine ‘Flu. The agent’s close family members are among nine probable cases that were reported on 1st May to have emerged in Maryland, Another was a World Bank official who had recently travelled to Mexico.

Although Griswold recovered and was reportedly back at work at the beginning of May, the agent said that his illness severely strained his relationship with his brother; while his daughter, who was not infected, had to endure stares and mean jokes as rumours spread through her school about her father’s rôle in bringing the first cases of Swine ‘Flu to the region. Close friends were refusing to talk to him, after it was realized that he had infected his nephew and other family members.

Of course the real explanation for these reactions was suspicion that Griswold may have been one of the agents involved in releasing what may have been a Weaponised Biowarfare Agent.

As previously reported, samples of agents went missing from the US Army Medical Command’s operation at Fort Detrick, MD. Specifically, on 22nd April, US Army criminal investigators were reported by The Frederick News-Post to be looking into the removal of disease samples from the US Army Medical Research Institute of Infectious Diseases. The investigators are from the US Army Criminal Investigation Unity at Fort Meade.

Fort Detrick (USAMRID) is the US Army’s leading biodefence laboratory, where researchers study pathogens, such as Ebola, anthrax and plague. In February, USAMRID halted all its research into these and other diseases, following discovery of virus samples that weren’t listed in its inventory.

The Institute’s Commander, Colonel John Skvorak, ordered the halting of research while experts conducted a complete inventory of the Institute’s agents, which was not yet complete in late April when this information first surfaced.

FORMER U.S. HIGH OFFICIALS CONTINUE RUNNING ‘BLACK OPS’
Evil operatives and holders of high office like Richard B. Cheney, who is certainly involved in the present situation, are known to continue operations with which they were involved while in office. They believe they are entitled to carry on seamlessly with whatever they were doing or controlling before. This is the origin of the adage that there is no such thing as a ‘former’ operative. Cheney is thought to have ‘split’ from the Bushes since leaving office,

In addition, these people are operatives first, and holders of high office second: so the reason that they carry on seamlessly with their ‘Black Ops’ is really that ‘this is what they do’.

It is clear that George Bush Sr. is/was capable of anything, including crimes against humanity: after all, he was personally responsible, for instance, for the deployment of chemical weapons against the civilian population of Halabja, Iraq, in 1992, a horrific and unrequited crime against humanity.

There is little doubt that the reason, or a key reason, why Bush Sr. and probably former President Clinton, who ‘works for’ or ‘worked for’ George H. W.Bush Sr., remained ‘untouched’ despite the immense crimes that they have committed, was that they have all along been blackmailing the US Government by letting it be known that if crossed, they would be prepared to adopt ‘exceptional measures’, not excluding crimes against humanity. If the US structures were influenced by this hideous blackmail, they failed to understand that the blackmailer is in a weaker position than the blackmailee – since once the blackmailer has used his ‘weapon’, he is powerless. Which may very well now be the case with Bush Sr., a man as evil and dangerous as Adolf Hitler (Schickelgruber).

The good news is that Bush Sr’s. dementia is proceeding rapidly. The bad news is that Mrs Barbara Bush is reported to be intermeddling in Bush Sr.’s Fraudulent Finance affairs. The further very bad news is that Jeb Bush has been wheeled in to carry on where Mr Bush Sr. may be on the verge of leaving off. A former employee at Jeb Bush’s private residence in Florida revealed some time ago that the Jeb Bush home was encased in an aura of satanic evil.

WILD REPORTS BY ANONYMOUS UNPROVENANCED SOURCES
Wild reports from unprovenanced, anonymous US sources which cannot be trusted because the sources conceal their identities and co-ordinates, can be dismissed as consisting of the usual toxic mixture of fact and falsehood. As for the suggestion by an identified source that ‘Internet reports’ may contain disinformation, we object to being bracketed with cowards who post anonymously and therefore cannot be held accountable for what they publish.

And since the object of the exercise is to extract truth from the dense fog of disinformation and lies spewed out by the controlled outlets, it is inevitable that, from time to time, information may turn out to be unreliable. Few can avoid being deceived by these ‘Black Ops’ people sometimes.

But when other sources pick up our feeds, as has happened repeatedly recently, you can be reasonably sure that what we have reported first is accurate ‘to the best of our knowledge and belief’ at the time of reporting. Finally, on this subject, we do not read the anonymous sources.

On one issue reported to us as having been featured in such sources, we do have a constructive observation to make. It is known that much top-secret US military technology has been transferred, during and since the Clinton era, to the Chinese. The motivation for this TREASON, we suggest, is that since the United States (due to the corruption of its structures and top officials) could not pay the Chinese what was owed to them, high-tech US secrets in breach of US national security were handed over IN LIEU OF PAYMENT. This may have happened on several occasions, we suspect.

OUTGOING BRITISH M.E.P. BLASTS THE SHAM EUROPEAN PARLIAMENT
During the almost (typically) empty final plenary session of the European Parliament before the European ‘elections’ in June, the Editor’s friend, Ashley Mote, Independent MEP for Southeast England, attempted to sum up, in the one minute allotted for such speeches in the rubber-stamp European Soviet (sorry, ‘Parliament’), what he thinks of that deliberate travesty of democracy.

This is what he said to the European Soviet on 4th May 2009:

‘Over the last five years I have watched in horror the EU’s endless, scandalous, institutionalised looting of taxpayers’ money’.

‘I have watched in horror an already overcrowded UK being deluged by hundreds of thousands of uninvited foreign workers who arrived for their benefit and to claim our welfare’.

‘I have watched in close-up a legislative system which permits anonymous bureaucrats to generate so-called law without any regard for the damage they do to the British economy and businesses’.

‘I have watched in close-up this expensive, ineffectual talking shop of a ‘Parliament’ masquerading as an illusion of accountable democracy – a monstrous deceit on the electors who sent us here’.

‘President Gorbachëv was right (2). The EU is the old Soviet Union, dressed in Western clothes. One day you will realise that you cannot be masters in someone’ else’s house’.

As usual, the few socialists and ideological federalists waiting their turn to speak tried to shout Mr Mote down, without any intervention from the Chairman, of course.

In doing so, they indicated that, as usual, Mr Mote had struck a few nerves.

Notes:

(1) The Directors of the named institutions were collated from the criminal enterprises’ websites on 6th May 2009. In each case, the name of the main institution is indicated only.

(2) This information reflects a comment made by Gorbachëv (real name Orbach, or Korbach) on a visit to London in March 2001.

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.

ADVERTISEMENT: INTERNET SECURITY SOLUTION

NON-U.S. INTERNET SECURITY SOLUTION CD AVAILABLE: FAR BETTER THAN NORTON ETC
It has now been established that the National Security Agency (NSA) works with/controls Microsoft, Norton, McAfee, and others, in pursuit of the Pentagon’s vast BIG BROTHER objective, directed from the ‘highest’ levels (not the levels usually referred to) which seek to have every computer in the world talk direct to the Pentagon or to NSA’s master computers.

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

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

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

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

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

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

*VISTA: Virtual Instant Surveillance Tactical Application.

WORLD COURT ENFORCEMENT TEAM IN U.S. THIS WEEK

SWINE ‘FLU = BLACKMAIL OP. DROPPED BY OBAMA TEAM IN MEXICO

Thursday 30 April 2009 21:37

• WORLD COURT ENFORCEMENT PERSONNEL ARRIVE IN U.S.

• STATE OF EXTREME, UNPRECEDENTED GLOBAL TENSION

• SPLIT WITHIN THE RANKS OF THE WORKERS OF DARKNESS

• ENFORCEMENT OF THE WORLD COURT’S WRIT IS MANDATORY

• TRILLIONS OF DOLLARS STOLEN BY BUSH 41 AND 43 RETRIEVED

• OBAMA WHITE HOUSE ADVANCE TEAM RESPONSIBLE FOR ‘FLU OUTBREAK?

• CRIMINALS OPERATING INSIDE THE U.S. GOVERNMENT ARE WAGING BIO-TERRORISM AGAINST THE AMERICAN PEOPLE AND THE REST OF THE WORLD FOR SELF-ENRICHMENT

• DISINFORMATION SPREAD BY U.S. LAW ENFORCEMENT

• POSTSCRIPT: MORE ON OBAMA’S REMOVAL OF JESUS SYMBOL

• Operating the $ Refunding from London without US Government participation delivers:

(1) Massive ongoing windfall tax accruals to the BRITISH Treasury given that all funds resident in the United Kingdom jurisdiction for 24 hours are taxable by the Inland Revenue. This makes the UK Refunding proposal of extreme interest to Her Majesty’s Government and the UK Treasury.

((2) Massive ongoing windfall benefits to the UNITED STATES Treasury given that it will also receive a cascade of tax accruals from this independent private sector Refunding Program.

(3) The necessary refinancing of the UK and US banking systems ON THE BOOKS with no input from either Government and NO CORRESPONDING DEBT CREATED IN THE BACKGROUND.

(4) GOOD (i.e., on-balance sheet, taxed) money which will CHASE OUT THE BAD MONEY that the crass US Fraudulent Finance concoction will generate.

• In mid-March we published: International Currency Review Volume 34, #2 on Systemic Fraudulent Finance and The Legalisation of Financial Corruption. Also published recently are issues of our titles The Latin American Times, Economic Intelligence Review, London Currency Report, Interest Rate Service and Arab-Asian Affairs.

• For details, see the second white panel on the Home Page.

• To subscribe to our intelligence services, see the catalogue under World Reports Limited.

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

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

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

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

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

NEW REPORT STARTS HERE:

WORLD COURT ENFORCEMENT PERSONNEL ARRIVE IN U.S.
At 1:50pm on Thursday 30th April we established that a contingent of heavy-duty enforcement personnel reporting to and representing the World Court and the Group of Ten financial powers have been operating in the United States since Monday 27th April. Their duty is to enforce the requirements of a writ, believed to have been dated 1st April, immediately ahead of the Group of Twenty (G-20) meeting in Canning Town, London, on 2nd April 2009, and which would have been deposited with the Meeting and served on President Obama in particular.

This may have been the origin of the story that Obama wouldn’t be attending the G-20 Meeting, and would be visiting the Tower of London instead, as a tourist – the cynical purpose of this tale being to signal to the foreign governments concerned that Obama wasn’t about to make himself available to accept service of the writ.

After second thoughts, presumably his arrogant entourage would have advised him: ‘Not to worry, you needn’t pay attention. Let them serve the writ’ (speculation on our part).

• Furthermore, we have just been told that President Obama is blocking the Settlements and that he himself has no intention of ever allowing them to occur. However this has been authoritatively dismissed as Bush Sr. disinformation propaganda, although it HAS become known that Mr Obama takes his orders directly from Bush Sr. Somehow, we DO NOT THINK THIS IS A VIABLE SITUATION.

Obama is also cited as having told the World Court that it is bought and paid for, so he needn’t pay attention to what it requires. By the same token, Obama is also authoritatively said to have told the Congress that it, too, is bought and paid for.

• However, again, our sources state emphatically that the appropriate law enforcement cadres DO NOT CONCUR, and that the Settlements WILL HAPPEN, and this this obstruction will be overcome.

From what we understand, a lot of very prominent people are in for a rude awakening.

STATE OF EXTREME, UNPRECEDENTED TENSION
For the situation has now reached a pitch of extreme tension, given that execution of the writ requires its demands to have been met by 1st May – which is of course the Feast of Beltane, the Number One World Revolution esoteric date, when misled, brainwashed nutcases dressed up as Druids assemble at Stonehenge to worship the devil, or figments of their own imaginations, while deluded revolutionary cadres around the world celebrate ‘the onward march of the Revolution’.

SPLIT WITHIN THE RANKS OF THE WORKERS OF DARKNESS
But what we are witnessing is of course a massive split within the ranks of the demented Luciferian protagonists of revolutionary action through corruption, because, since the Devil is the author of all lies and confusion, these people are all at loggerheads with each other in multiple dimensions – having, of course, been stealing money from each other and perpetrating grotesque abuses which not even their own evil allies can tolerate.

This will explain why, paradoxically, the sense is that the criminal group that is holding the whole world to ransom, headed by George H. W. Bush Sr., has gone too far even for ‘underworld’ and banking sector compartments previously considered to be its allies and fellow-travellers.

Which should not surprise any of us at all, and should also serve as a warning to those who persist with the erroneous belief that the Revolution cannot be stopped and that the worst outcomes (of which innumerable terrible scenarios are painted and repainted daily) are inevitable.

THEY ARE NOT, and both the exposures to date and their consequences should have made this plain enough by now. Far from being inevitable, the World Revolution is COLLAPSING.

ENFORCEMENT OF THE WORLD COURT’S WRIT IS MANDATORY
So what is happening ‘as we speak’? According to our sources, the heavy enforcement personnel (referred to as ‘the Swiss’) are REQUIRED to procure the demands set out in the World Court writ: that is to say, they have UNLIMITED POWERS TO EXECUTE THE WRIT and may use all means at their disposal to satisfy it. Nothing, we understand, is excluded in this context.

TRILLIONS OF DOLLARS STOLEN BY BUSH 41 AND 43 RETRIEVED
So far, we understand that:

• The World Court enforcement personnel (‘bailiffs’ with powerful backup’) have retrieved SEVERAL TRILLION DOLLARS STOLEN BY CRIMINAL U.S. PRESIDENTS BUSH 41 AND BUSH 43.

• They have presided over a wave of arrests all round Europe.

• They are poised to effect further arrests all over America, taking place in real-time now.

• They have powers to arrest holders of the highest offices INCLUDING THE U.S. PRESIDENT AND THE VICE PRESIDENT if they get in the way of execution and implementation.

• Interference or resistance to the will of the foreign governments as demanded by the World Court on their behalf, whether by the President of the United States or by any other holder of high (or any) office under the United States, will represent OBSTRUCTION OF JUSTICE, against which the enforcement team have power to retaliate in decisive fashion.

• The team may be entitled to deploy force to achieve their objectives: as indicated above, they can use ANY MEANS to enforce the World Court’s demands on behalf of foreign Governments and sovereign powers who have been defrauded by the United States Government.

• As also indicated above, they are NOT in a position to report back to the World Court that they have been unable to procure satisfaction of the requirements of the Court’s writ, or else the personnel THEMSELVES will be arraigned for OBSTRUCTION OF JUSTICE.

• Therefore, failure to implement the will of the wronged Governments as specified by the World Court’s Writ of Execution, is NOT AN OPTION.

OBAMA WHITE HOUSE ADVANCE TEAM RESPONSIBLE FOR ‘FLU OUTBREAK?
The Washington Post reported at 1:54pm Thursday that a member of the Security Advance team for President Obama’s recent trip to Mexico is suspected of having contracted swine ‘flu.

The Security Advance Team is part of Homeland Security which took over the Secret Service under former criminal President George W. Bush.

The obvious deduction is that this operative may have been handling the phial containing the swine ’flu pathogen, and that it was released in Mexico by the President’s personnel in advance of the President’s visit to Mexico – so that the resulting epidemic or much worse would appear to have originated in Mexico, whereas, as we asserted in the report dated 29th April, the laboratory-developed disease will have been developed at the Army Medical Command, Fort Detrick, MD.

This UNPRECEDENTED SCANDAL means that President Barack Obama, or the Bush-Clinton criminal gangsters, or all of the above, have deliberately unleashed one of the blackmail weapons that they have held up their sleeve in order to blackmail the US Government, the American people and the Rest of the World, should they find themselves up against a steel wall, as is now the case.

Thus criminal forces within the American Government are waging not just economic and financial terrorism against Americans and the Rest of the World, but BIOLOGICAL TERROR as well.

Either Obama will have to clean out the White House and his Cabinet forthwith, or he himself will be removed, by whatever means, or will find that the outcry is such that he has to leave office.

The international repercussions from this development will be COLOSSAL.

A senior British intelligence source cited by a correspondent is reported to have warned that this criminal group would perpetrate bio-attacks around the world, and that, as a consequence, millions of people would die. This intel source did not convey any such assessment to us, but then British intelligence doesn’t talk to us directly at all.

[On the contrary, MI6 attempted in 2004, through the veteran journalist Gordon Thomas, to deflect the Editor from pursuing these enquires, accompanied by threats of some trumped-up exposure or other which had already been disseminated to the UK ‘mainstream’ press. In response, the Editor published the entire text of the threatening conversations with Mr Gordon Thomas in our financial journal, which was the last that was heard of this operation. Since then, the Editor has been very conspicuously barred from the British media. But the consolation prize is that the readership of this website exceeds the entire readership of all British newspapers combined].

CRIMINALS OPERATING INSIDE THE U.S. GOVERNMENT ARE WAGING BIO-TERRORISM AGAINST THE AMERICAN PEOPLE AND THE REST OF THE WORLD FOR SELF-ENRICHMENT
Whichever way this unfolds, there is NO DOUBT now that the ‘pig ’flu’ outbreak is DIRECTELY CONNECTED with the criminal finance crisis which has come to a head this week as explained above. BEFORE we were aware of this Washington Post report, the following text had been prepared for this posting:

Against this background – none of which has been denied by knowledgeable sources with whom the data was checked – we now have no doubt whatsoever that the ‘Pig ‘Flu’ outbreak represents a deliberate bio-attack perpetrated by this criminal group. It is exactly as we perceived: CORNERED, they are unleashing, or threatening to unleash, the hideous weapons with which they have been BLACKMAILING the US Government, the American people, and the rest of the world.

We wouldn’t be surprised if it turns out that the ‘nukes in a suitcase’ bravado is part of the same armoury of blackmail weapons that this criminal gang has been holding in readiness, and which it has been using to prevent what needs to be done to cauterise this virus of criminality from the body of humanity. However the showdown is taking place, and the gang can’t stop it now.

If this is correct, then the US law enforcement community needs to understand that the blackmailer is always in a weaker position than the blackmailed. The reason for this simple reality is that once the blackmailer’s bluff has been called, he has ‘blown it’.

True, this criminal gang may have several layers of blackmail weaponry in their armoury. But the answer to that is that if their bluff is called with respect to the first blackmail layer, they will have been defeated before they can activate the second, escalated, blackmail dimension.

In any case, refraining from picking up these people because their blackmailing power is feared, represents OBSTRUCTION OF JUSTICE by law enforcement, including of course those elements referenced immediately below.

DISINFORMATION SPREAD BY U.S. LAW ENFORCEMENT
Separately, it has been stressed, correctly, elsewhere that ‘Black’ disinformation has been liberally disseminated by the ‘three-letter people’. The reason for this is that the head of that sub-snake is up to beyond his eyebrows in this criminal finance activity. The entire institution, a key component of US law enforcement, has therefore been compromised, which goes a very long way to explain why the US criminal gangs have not been brought down earlier.

We received several reports late on 29th April to the effect that Trustees and their lawyers had diverted paid-out funds to their own or separate accounts, although this corrupt practice has been ongoing for a long time. No doubt these people will be picked up in the prevailing sweep and will wind up contemplating, for 25 years, the life-cycles of the North American or European cockroach: if they survive, that is. And that, we suspect, is now very far from certain.

• It’s showdown time, big-time.

POSTSCRIPT: MORE ON OBAMA’S REMOVAL OF JESUS SYMBOL
In the report dated 29th April, the Editor has inserted a new segment concerning what happened when President Obama gave a speech at Georgetown University on 14th April. We are leaving the text in that report unchanged, but since posting it we have received photographs of the platform in the Georgetown University hall where Obama delivered his speech.

Behind the platform is a tableau with a triangular carved wooden headpiece which forms a focal point for the hall. Within the triangular surface delineated by the headpiece is the Christian symbol IHS painted in gold, with a cross rising above the H. This is a standard symbol used for centuries.

The Editor has before him a colour photograph of the platform with this carved wooden focal point, which contains, below the superstructure, the name Georgetown University and some other inscriptions not relevant to this commentary.

Also on the Editor’s desk is a second colour photograph showing the carved wooden headpiece with the gold-painted IHS blacked out, the entire area facing the hall being now entirely black.

The source who provided this information and photographs, is of impeccable credentials, integrity and standing, and the foregoing information is accurate. It seems that President Obama did not wish to be televised beneath the well-known symbol, traceable to the early Christian era, of Jesus Christ. You may draw your own conclusions.

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.

ADVERTISEMENT: INTERNET SECURITY SOLUTION

NON-U.S. INTERNET SECURITY SOLUTION CD AVAILABLE: FAR BETTER THAN NORTON ETC
It has now been established that the National Security Agency (NSA) works with/controls Microsoft, Norton, McAfee, and others, in pursuit of the Pentagon’s vast BIG BROTHER objective, directed from the ‘highest’ levels (not the levels usually referred to) which seek to have every computer in the world talk direct to the Pentagon or to NSA’s master computers.

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

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

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

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

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

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

*VISTA: Virtual Instant Surveillance Tactical Application.

OBAMA PREFERS ‘TRASHETS’ OVER DEBT-FREE SOLUTION

STABILISATION WITHOUT DEBT TO BE HANDLED FROM LONDON

Tuesday 14 April 2009 14:00

UPDATE, 22nd April 2009:

‘SUDDEN DEATH SYNDROME’:
WELCOME TO THE THIRD CLINTON (MURDER) ADMINISTRATION

The sudden death of the 41-year-old Chief Financial Officer of Freddie Mac, reported this morning, should serve as a wake-up call for all those, including the delegates and media people attending the Spring Meetings of the International Monetary Fund and the World Bank this week/weekend, who have been naively and stupidly handling the global financial crisis as though this is some kind of technical glitch, rather than facing up to the central reality:

• THIS IS A CRISIS BROUGHT ABOUT BY RELENTLESS CRIMINAL FINANCIAL CONDUCT.

• And it’s being covered up with violence (very badly).

The Clintons, working with Bush Sr. and Greenspan (concerning which sorcerers more is pending), are in the driving seat: and because these operatives have been stealing, stealing, stealing, they cannot stop, since they have to keep covering up their past thefts, murders and related crimes.

So the cat is now well and truly out of the bag. THIS IS THE THIRD CLINTON ADMINISTRATION, and Obama is just one voice in a murderous criminal enterprise now run by Vice President Biden, who is in charge of the National Security Council (NSC) which tells the President what to do.

Vast sums of money have been stolen and these are the criminal operatives, working for their own self-enrichment and to sustain the illicit supremacy of the US Intelligence Power, a.k.a. the ‘State within the State’, a.k.a. the CIA, who are responsible for the ransacking and for the corruption of the international financial system, the banks and the intergovernmental institutions. Moreover the core corrupters have been joined of late by certain other personnel, as will shortly be revealed.

Their desperation is such that they couldn’t care less about the uproar that was bound to ensue from this latest Clintonesque ‘suiciding’. Furthermore the explanation for recent blatant actions by Bush Sr. and Greenspan is precisely that the Clintons are in the driving seat, with Biden in charge of the NSC: so they think they have total immunity, even though both are under indictment!

We were warned over a year ago by a ‘former’ US operative that the post-Bush II Administration would be worse than its predecessors: the only prediction that he omitted, was to confirm that life after Dubya would be CLINTON ADMINISTRATION #3.

This is the WORST OF ALL POSSIBLE WORLDS:
IT MEANS WALL-TO-WALL CORRUPTION, MORE MURDERS, MORE UNSPEAKABLE CRIMES, AND THE FURTHER RELEGATION OF THE UNITED STATES TO PARIAH STATUS.

• That’s how we and others are looking at the ‘whacking’ of the Freddie Mac CFO.

• NOTHING will be remedied UNTIL THESE CRIMINALS ARE DEALT WITH. How can a corrupted financial system be repaired when the crooks who destroyed it are STILL running the show?

• Journalists who sidestep this issue because they haven’t got the guts to speak the truth or because they quiver in awe of their weak or controlled Editors, need to ask themselves:

• Am I doing my job , or am I just a prostitute?

• STANFORD FACT: A Bloomberg report by Alison Fitzgerald and Michael Forsythe dated 16th April on the Stanford blow-out, contains, in its final paragraph, on the seventh page of this long report, the following reference: ‘Kevin Sadler, a lawyer with Baker Botts LLP in Austin, who represents the [Stanford] receivership…’. So, right at the end of the report lurks the most important fact of all: the receivership is in the hands of the Bush Crime Family’s TOP FIXER, James A. Baker III. The fox is calling the shots, rearranging the chickens.

• The rest of the article is very interesting: But not as interesting as:
THE ONLY FACT IN THE REPORT OF ANY SIGNIFICANCE, THE ONE AT THE END.

•ACHTUNG! Overnight 13th/14th April we received a large number of emails and some phone calls, all from the United States, indicating that www.worldreports.org was ‘down’ for a period and could not be accessed. We are very grateful for your emails and diligence! We have now (as of 1:30pm UK time on 14th April) checked every single word, on the assumption that there may have been some interference to the text originally published in International Currency Review, Volume 34, #2, from the NSC, and we find that no alterations have been made.

This is a SECOND post of the same report posted on 13th April. You can tell the difference by the single word-change in the title, which now reads: OBAMA PREFERS ‘TRASHETS’ OVER DEBT-FREE SOLUTION. Thus, if there’s further nonsense, they’ll know that we are capable of restoring the text exactly as before, so intereference is a waste of their time and everyone else’s.

•FURTHER ACHTUNG! Our website and communications were attacked by ‘the enemy’ AGAIN on 22nd April, for about two hours. This offensive activity by NSC/NSA is ILLEGAL. Our IT people are smart and have fixed the situation. Each time these idiots do this, they send a signal to MILLIONS around the world that we are telling the truth and that they don’t like it. They need brain surgery.

• Plus, every time they do this, they gratuitously signal that we’ve hit a bulls’eye.

Also, the ‘serious situation’ notice indicating a certain problem thought to have arisen because of US official anger at our work, was MIRACULOUSLY resolved in the course of this Monday, after that notice was added. We have left the notice in THIS report, with an additional sentence to that effect.

OUR REPORT DATED 14TH APRIL 2009 WHICH IS VERY IMPORTANT, NOW STARTS HERE:

• Operating the $ Refunding from London without US Government participation delivers:

(1) Massive ongoing windfall tax accruals to the BRITISH Treasury given that all funds resident in the United Kingdom jurisdiction for 24 hours are taxable by the Inland Revenue. This makes the UK Refunding proposal of extreme interest to Her Majesty’s Government and the UK Treasury.

((2) Massive ongoing windfall benefits to the UNITED STATES Treasury given that it will also receive a cascade of tax accruals from this independent private sector Refunding Program.

(3) The necessary refinancing of the UK and US banking systems ON THE BOOKS with no input from either Government and NO CORRESPONDING DEBT CREATED IN THE BACKGROUND.

(4) GOOD (i.e., on-balance sheet, taxed) money which will CHASE OUT THE BAD MONEY that the crass US Fraudulent Finance concoction will generate.

• WHITE HOUSE WILFULLY REJECTS SOUND FINANCE IN ORDER TO RETAIN CONTROL

• GRIEVOUS DISPLAY OF ARROGANCE AND TREASON AGAINST THE AMERICAN PEOPLE

• PRIVATE SECTOR REFUNDING WITHOUT OFFICIAL INVOLVEMENT IS THE ANSWER

• NEW GENERATION OF LETHAL ‘ASSETS’ (‘TRASHETS’) TO BE UNLEASHED ON THE WORLD

• GEITHNER-SUMMERS’ FRAUDULENT FINANCE GENERATES HUGE UNNECESSARY DEBT

• THE ESSENCE OF THE OBAMA WHITE HOUSE’S DE FACTO FINANCIAL TERRORISM EXPOSED

NAVIGATING THIS REPORT:

(1) PRIVATE SECTOR REFUNDING METHOD THAT YIELDS TAXABLE REVENUE AND NO DEBT

(2) ERRONEOUS AND OBTUSE FORMULA THAT CREATES COLOSSAL UNNECESSARY DEBT

(3) BY DEFINITION, THE PRIVATE SECTOR PRODUCES TAXABLE REVENUE

(4) THE PUBLIC SECTOR CAN ONLY PRODUCE MORE AND MORE DEBT: IT CAN’T TAX ITSELF

(5) U.S. FINANCIAL GURUS ‘COMING LATE TO THE PARTY’ ARE PICKING AT YOUR CORPSE

(6) SCANDALOUS OBFUSCATION OF FRAUDULENT FINANCE BY THE G-20

(7) OBAMA WANTS TO PROCEED WITH A NEW GENERATION OF FRAUDULENT FINANCING

(8) OBAMA THEREFORE APPEARS TO HAVE DOUBLE-CROSSED THE QUEEN

(9) THE MEETING AT THE HIGHEST LEVEL IN LONDON ON 1ST APRIL 2009

(10) KICKING AGAINST THE PRICKS: WHAT WASHINGTON INTENDS TO DO NOW

(11) WAVE OF FRAUDULENT FINANCE WILL GENERATE REVENUE AT HUGE COST

(12) THE REAL MOTIVE: THE CROOKS ARE TERRIFIED OF LOSING CONTROL OF TRADING

• THE LEGALISATION OF FINANCIAL CORRUPTION

• REASON FOR PRESENTING THIS ANALYSIS

• CHAPTER ONE:
THE LEGALISATION OF FINANCIAL CORRUPTION:
THE CREATION OF SECURITISATION AND CREDIT DEFAULT SWAPS

• CHAPTER TWO:
THE LEGALISATION OF FINANCIAL CORRUPTION:
DESCRIPTIONS OF THE RESULTING FINANCIAL FRAUDS AND SCAMS

• DESCRIPTIONS WITH CHARTS OF DERIVATIVE SCAM METHODOLOGY

• FOR FURTHER INFORMATION ABOUT THE LEGALISATION OF FINANCIAL CORRUPTION, PLEASE ADDRESS ENQUIRIES TO OUR ADVISER, THE U.S. SECURITIES EXPERT MICHAEL C. COTTRELL, B.A. M.S. ON 814-455 9218, as he is the source for the historical, technical and related intelligence in this report. The information contained herein was first published in International Currency Review, Volume 34, #2, in March 2009. When calling Michael Cottrell, full identification must be given. Without full identification, calls will not be taken. Email: pii-mcc@msn.com.

•The central issues raised in this report are the issues that MUST be addressed at the imminent IMF/World Bank Spring Meetings to be held in Washington, DC, concluding on 25th-26th April.

• In mid-March we published: International Currency Review Volume 34, #2 on Systemic Fraudulent Finance and The Legalisation of Financial Corruption. Also published recently are issues of our titles The Latin American Times, Economic Intelligence Review, London Currency Report, Interest Rate Service and Arab-Asian Affairs. For details, see the second white panel on the Home Page.

• To subscribe to our intelligence services, see the catalogue under World Reports Limited.

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

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

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

• VIRTUAL REALITY VERSUS REALITY:
Many Internet users do not seem to understand that a huge ongoing mind-control and influence-building offensive (Operation Mockingbird Mark II) has been mounted against the American people by the controlling Intelligence Power, which is a key instrument of the World Revolution. This evil operation has been running and corrupting for many years.

At least 60 US websites pump out or elaborate unprovenanced ‘virtual reality’ into which the nefarious Intelligence Power and its key operatives headed by George Bush Sr., can insert their chosen lies ‘du jour’. The purpose of the incessant barrage of lies, diversions, agitation and poisonous hate propaganda and other manifestations of this elaboration of the art of Dr Josef Goebbels, is to cover up the colossal catalogue of crimes that these agents of the Intelligence Power and their corrupted financial sector associates at home and abroad have perpetrated and continue to commit against the American people and the Rest of the World.

One technique used by this counterintelligence apparat is to intermingle serious analysis with New Age drivel and MK-Ultra-style mental manipulation designed to waylay those who have no sound grounding in faith and who drift in the wind, like the 19th century British Prime Minister Lord North, who was known as ‘the cushion’ because he resembled the shape of the last person who sat on him. Although we make no claim to infallibility, unlike the Pope, this service is not engaged in the devious and reprobate promulgation of virtual reality, which the targeted population is meant to confuse with reality. We focus instead on the truth as perceived to the best of our ability at the time of posting, however uncomfortable that may be for the crooks exposed in the process.

This does not mean to say that we are not from time to time deceived, like everyone else, by these odious liars and deceivers: but our focus at all times is on truth. We play no mind games, like these unspeakable reprobates, many of whom are paid to confuse, redirect and deceive.

And finally, this is done not because it is enjoyable, but so that the Editor can at least say to his daughters and their families: I tried to make the world a better place. In this connection, a Rabbi friend of the Editor told him once that his Jewish teaching is that ‘you are required to try, but you are not expected to finish’. Christians are required to finish: so we will continue the fight.

• A VERY SERIOUS SITUATION AFFECTING THE EDITOR OF THIS SERVICE IS PENDING BEHIND THE SCENES. Unless this matter (which we cannot go into right now) is resolved in short order, the unintended consequence will necessarily be a serious escalation of the exposures, which all the official parties concerned can avoid if they behave sensibly. At the moment there appears to be a stand-off. But the Editor will be placed in an impossible position if the wrong decision is taken.

• The matter referenced above was MIRACULOUSLY resolved on Easter Monday!!!!!

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:

(1) PRIVATE SECTOR REFUNDING METHOD THAT YIELDS TAXABLE REVENUE AND NO DEBT:

For longer than we can remember we have been pointing out that THERE IS A SIMPLE, STRAIGHTFORWARD, TRANSPARENT SOLUTION to the financial crisis.

For longer than we can recall, we have stressed that the decisions taken by the former Bush II Administration via the corrupted Treasury headed by that criminal financier Henry M. Paulson Jr., and the new even more convoluted decisions taken by the Geithner Treasury, are THE REVERSE OF THE SAID SIMPLE, STRAIGHTFORWARD SOLUTION to the financial crisis.

The Obama Administration and the Geithner Treasury have leveraged the Fraudulent Finance formulae developed under the corrupt Paulson Treasury, with the same objective:

• To reignite and reboot the moribund Fraudulent Finance derivatives ‘Structured Products’ Ponzi parallel financial system, also known as a colossal BANKER’S RAMP, that was closed down between 10th and 12th September 2008 as reported by this service, when the $14.0 trillion was placed out of these criminal operatives’ reach.

Given the above, it follows that this obtuse attempt to continue the Ponzi Fraudulent Finance represents a US NATIONAL SECURITY ISSUE and should be addressed as such.

Let’s not mince words here:

• Continuing with the Fraudulent Finance formulae concocted by the US Treasury and the Federal Reserve presents a grave threat to the stability, prosperity and the future of the Republic: and all concerned with this cynical rearguard operation to revive the collapsed derivatives sector should be handled with the severity reserved for them under the Patriot Acts, that lay down definitions of ECONOMIC AND FINANCIAL TERRORISM, which is what these people are perpetrating.

(2) ERRONEOUS AND OBTUSE FORMULA THAT CREATES COLOSSAL UNNECESSARY DEBT:

It is possible, but unlikely, that the President of the United States has not understood this. So let us, once again, explain where his perverse advisers have led him astray.

• FACT: The TRUTH is always simple. LIES are always complex, and become ever more so because successive lies have to be perpetrated in order to buttress the earlier lies. A policy built on lies will COLLAPSE. Like plutonium, lies have a half-life: they decay.

• As will be seen below, derivatives are so complex that no-one can understand what is going on: which is the WHOLE POINT. They’re based on LIES. They are FRAUDS.

• SUCH A STRUCTURE IS LIKE AN INVERTED PYRAMID:
As the original lie at the base of the inverted pyramid decays, fresh lies have to be invoked, like scaffolding, to prop up the earlier lies. Eventually, as the lies proliferate, the scaffolding of lies which is underpinning the inverted pyramid on either side becomes unstable, too, and eventually the entire structure collapses.

• Obama therefore faces, sooner rather than later, the absolute collapse of the pyramid of lies and diversionary financing deceits that his wilfully misguided colleagues and advisers have fed him.

So let us reiterate the SIMPLE TRUTH that the President needs to UNDERSTAND:

(3) BY DEFINITION, THE PRIVATE SECTOR PRODUCES TAXABLE REVENUE:

Here are the basic economic FACTS of the matter:

• By definition, the private sector generates REVENUE which the Government TAXES.

• It follows, therefore, that the SIMPLE SOLUTION to the entire crisis is to ALLOW THE PRIVATE SECTOR to recoup the situation using the financial trading techniques that have hitherto been used clandestinely and corruptly and which the criminal financiers want to continue undertaking below the radar so that they don’t have to pay tax.

• These trading techniques are NOT ILLEGAL. However they become illegal when performed clandestinely, with the proceeds held UNTAXED, off-balance sheet, and placed in secret offshore accounts. In other words, when combined with TAX EVASION, they become illegal.

• So the simple, straightforward, transparent ANSWER to the crisis is crystal clear. PRIVATE SECTOR trading on-balance sheet yielding WINDFALL TAXABLE REVENUES should proceed immediately, and should have started up in June 2007 after the Group of Seven Financial Powers agreed in northern Germany that this was the way forward, reapproving this solution in 2008.

• FACT: By blocking this SIMPLE, STRAIGHTFORWARD SOLUTION – the Refinancing Programme – the Bush Administration compromised the national security of the United States, committed treason against the Republic and its people, and engaged in ECONOMIC AND FINANCIAL TERRORISM.

The Obama Administration is continuing down the same futile path, and since it has the appalling example of its predecessor to contemplate, it should know better. So it is compounding the errors of its predecessor régime, and is likewise committing ECONOMIC AND FINANCIAL TREASON by choosing the PERVERSE ROUTE, and failing to apply THE CORRECT SOLUTION.

(4) THE PUBLIC SECTOR CAN ONLY PRODUCE MORE AND MORE DEBT: IT CAN’T TAX ITSELF:

By definition, the public sector generates DEBT. The public sector PRODUCES NOTHING and so, by definition, cannot generate revenue. It CANNOT TAX ITSELF, except through its payroll taxes. Since it cannot generate REVENUE, it relies on the taxpayer, on the creation of debt and also on printing money to finance its endlessly permissive operations.

• Therefore, the convoluted inventions of the Geithner Treasury and of the Bernanke Federal Reserve to reboot the derivatives sector represent perverse ARTIFICIAL CONSTRUCTS which, by definition, generate DEBT, not REVENUE. THIS IS ENTIRELY UNNECESSARY: see above.

• To embark upon complex Fraudulent Financing operations under the cover of ‘stimulating the economy’ but in reality, in order to revive the derivatives sector which has collapsed – and which is now widely understood to represent a MONUMENTAL FRAUD given that the so-called ‘Structured Products’ generally have NO RECOURSE to the underlying original source of funds – is to engage wilfully in FINANCIAL TERRORISM against the American people and the Rest of the World.

• Now as we have all observed, the Obama Administration thinks it can continue down this path. We have news for this President’s headstrong ‘experts’. Your tired formula is rotten and it will collapse. There are liable to be few takers for your artificially revivable fraudulent ‘assets’ scheme; and although you have wrapped your criminal intentions in a dense fog of complexity consistent with the pack of barefaced lies that you are marketing, you are trying to build your house on sand.

As you have already doubtless observed, you can’t even build the house, because the foundations are sinking into the sand before you even start bricklaying.

• So, if President Obama prefers for his Administration to run into the sand, by all means carry on! Just keep going with this revamped Fraudulent Finance formula, and see where it leads you. You are collectively as arrogant and perverse as your predecessors: and you doubtless imagine that because you think ‘they got away with it’, you will too.

WRONG! You are careering towards DISASTER.

• Since you know perfectly well what the CORRECT SOLUTION is, but are simply UNWILLING TO PURSUE IT, you cannot escape condemnation as perverse perpetrators of Financial Fraud and Economic and Financial Terrorism. It’s not as though you are ignorant. Not at all. We know for a fact that you are aware that the CORRECT SOLUTION is to proceed with the trading in the private sector without Government involvement, and to tax the resulting REVENUES, which will finance the entire Obama Programme, with money to spare – creating NO DEBT in the process.

• TO REPEAT: By NOT pursuing this course, you are explicitly and wilfully engaging in Economic and Financial Terrorism. You may believe that the people don’t yet ‘get this’. But believe us, they will, they will. And when they do, those lamp posts that your friend George Bush Sr. spoke about, may be used for ‘other purposes’.

(5) U.S. FINANCIAL GURUS ‘COMING LATE TO THE PARTY’ ARE PICKING AT YOUR CORPSE:

As mentioned in the preceding report, it has been our experience over decades that after we have stuck our necks out and our predictions are seen to have been correct (which is simply a question of making sure that one is following the relevant threads, and not blindly running after diversions), prominent economists, Nobel Laureates and other members of the community of the ‘Great and the Good’ pile in and ‘reveal’ the realities that we have previously exposed.

A number of these fragrant characters – Messrs Stiglitz, Black and Sachs, for instance – are at this time engaged in precisely such ‘revelations’, although NONE of them are stating what needs to be said: namely that you are promoting the doomed legalisation of Fraudulent Finance. For whatever reason, such people can’t bring themselves to employ the word: CRIMINAL.

But you can disregard almost every word they publish! Because what they are doing is criticising and pulling apart Geithnerism-cum-Bernankeism, which is a completely sterile activity! Geithnerism doesn’t need to be pulled apart because it’s irrelevant: it is going to collapse and the whole of the financial world knows it. And is rightly terrified that it will.

• And have these prominent ‘Establishment’ economists yet come up with the alternative
(there’s only ONE alternative)?

• Correct: They have NOT. What Stiglitz, Black and Sachs OUGHT all to be promulgating now is the CORRECT SOLUTION outlined above: Transparent, on-balance-sheet, fully taxed, visible trading operations in the private sector, generating ONGOING REVENUE – with the Government OUT OF IT ALTOGETHER and just raking in the windfall TAX REVENUES.

Instead of rabbiting on about the intricacies of Geithnerism, writing convoluted articles which make them look good but which go nowhere, they should be applying their acquired influence to FORCE this Government onto the right track. Yes, that would mean demanding the sacking of Geithner and Summers and placing Bernanke on notice that he must do what the President demands, or else.

And of course this all presumes that we have a President who knows what he is doing and wants to do the right thing, which are pretty tall assumptions but have to be made here for the sake of this argumentation – even though the President now appears to have lied to and double-crossed The Queen [see below] and is intent on going on with a false revival of the derivatives carousel.

(6) SCANDALOUS OBFUSCATION OF FRAUDULENT FINANCE BY THE G-20:

We always thought that the purpose of suddenly elevating the Group of Twenty to idolatry status was actually a device to diminish the importance of the Group of Seven (G-7), for the SPECIFIC purpose of smothering the G-7-Approved Refinancing Programme of transparent on-balance-sheet trading operations yielding taxable REVENUE without Government involvement.

And so it has proved – since, as noted in the preceding report, the G-20 Communiqué made NO MENTION of derivatives, Structured Products, Fraudulent Finance, Ponzi schemes, and all the other aberrations – assuming that the Press Room would buy this omission without comment.

Well, the Editor, who didn’t waste time attending the London Canning Town circus, turned out to be the ONLY COMMENTATOR, until The Times woke up the following Monday, to have NOTICED that there was NO MENTION of the underlying Fraudulent Finance causes of the crisis whatsoever.

• Which means that, since Gordon Brown organised the circus, and was therefore in a position to lay down what would be expected from it, he may be a direct participant in this deception and fully supports the continuation of the Fraudulent Finance rather than the implementation of the G-7 transparent DEBT-FREE Refunding Programme, which is the sole SOLUTION to the crisis.

(7) OBAMA WANTS TO PROCEED WITH A NEW GENERATION OF FRAUDULENT FINANCING:

Having returned home from his eight-day tour, to attend a Jewish Seder in the White House (the first time this has ever occurred), President Obama will proceed now with the PERVERSE COURSE.
Specifically, it is intended to standardise the derivatives default price and to proceed with the new derivatives trading platform based on the obtuse Geithner-Summers formula, with the following Economic Terrorism objectives:

• To suck every available good dollar out of unwise, reckless and short-sighted investors.

• To enable Carlyle and Carlyle Capital, for the Bush-DVD Crime Nexus, to extract their profits.

• After which there will be another COLLAPSE, probably within a year or even within six months [see below] which will be FAR, FAR WORSE than what has been experienced to date.

This is what the Obama Administration is going to do. That is their mad, reprobate intention.

(8) OBAMA APPEARS THEREFORE TO HAVE DOUBLE-CROSSED THE QUEEN:

We have been advised by UK sources who know the score that President Barack H. Obama is absolutely not to be trusted. However because he is Head of State, and given that the Editor is a ‘foreigner’, we have bent over backwards to give this man the benefit of the doubt, even though it soon became apparent that things weren’t right: The Queen’s $52 billion of ‘guarantees’ were stolen, before being ‘restored’; and the $14.0 trillion was finally withdrawn as we reported, on 29th January, after it had become clear that the Obama Administration was intent upon pursuing the perverse course, rather than the Refunding Programme.

[Malicious counterpropaganda intended to create the false impression that the $14 trillion that we reference is another $14 trillion stolen or partly stolen by others, and that the $6.2 trillion element is the same as the stolen $4.5 trillion again referenced in the preceding report, is unprovenanced, confusion-building deception the underlying motives for which, if exposed, would compromise and expose many facets of this offensive to bamboozle compartmentalised cadres and other parties].

We did form the impression earlier that the diplomatic skills that our Head of State is known to be able to deploy, had yielded the mutually appropriate results. And as we now understand this fluid situation, President Obama is believed to have been told by the British Head of State that it would be enormously in the mutual interest to proceed with the on-the-books, transparent private sector revenue-generating Refunding Programme agreed to by the G-7 in 2007 and 2008. It is believed that he indicated that he would at least take notice of this request, but please review the greater detail below. We do not really know whether he signed anything meaningful at the G-20 jamboree, although we do know that he entered into commitments which he reneged upon the moment he arrived back home: all that is known is that after ranting about the ‘Deliverables’ being ‘mandatory’, President Sarkozy calmed down, implying that unspecified ‘sensible’ decisions had been taken.

But it would now appear that President Obama simply paid lip service to what The Queen will have told him, without having the slightest intention of actually paying any attention to what Her Majesty had said after leaving her presence. If that is not the case, there is no evidence to the contrary.

What we do know is that the White House was reported to us on 11th April 2009 to be ‘extremely annoyed’ (more colourful language being employed) that the CORRECT SOLUTION laid out by this service, which WAS discussed at the meeting between the two Heads of State, was even raised.

One can speculate as to the causes of such annoyance, and one can also speculate that the matter alluded to above concerning the Editor of this service is indeed CONNECTED to the fact that the CORRECT SOLUTION was raised at that crucial Heads of State meeting.

Such speculation would be along the right lines!

• Shortly after we posted the preceding report, which included the intelligence that President Sarkozy had threatened STASI-Chancellor Merkel with ‘elimination’ because she was blocking the releases on behalf of Bush-DVD, Merkel suddenly cut short her visit to Afghanistan.

Another interesting development is reported here: the Editor received an email from Beijing at 11:45pm on 9th April (UK time) from a known and reliable Spanish contact, containing the following information: ‘Just to let you know that it is not possible to read your website in Beijing, except in international hotels’. This implies that the Chinese Government may also consider that our direct assertion of the truth is too painful, even for them – notwithstanding the reality that the Chinese authorities are very assiduous subscribers to our financial journal, International Currency Review.

(9) SOLUTION: INDEPENDENT PRIVATE SECTOR TRADING PLATFORM FROM LONDON:

This leaves the proposal to operate the private sector Refunding Programme independently from London as the ONLY remaining way out of the catastrophe that the Barack Obama Administration is perversely rushing towards, with its determination to press ahead with the new Geithner-Summers Plan which, bless him, Jeffrey Sachs, Economics Professor at Columbia University and Director of the ‘Earth Institute’ (!!), said on 6th April is ‘even worse than we thought’ (sic!) [see below].

• TO REPEAT WHAT IS STATED AT THE TOP OF THIS REPORT:

Operating the $ Refunding ANYWAY from London without US Government participation delivers:

(1) Massive ongoing windfall tax accruals to the BRITISH Treasury given that all funds resident in the United Kingdom jurisdiction for 24 hours are taxable by the Inland Revenue. This makes the UK Refunding proposal of extreme interest to Her Majesty’s Government and the UK Treasury.

(2) Massive ongoing windfall benefits to the UNITED STATES Treasury given that it will also receive a cascade of tax accruals from this independent private sector Refunding Program.

(3) The necessary refinancing of the UK and US banking systems ON THE BOOKS with no input from either Government and NO CORRESPONDING DEBT CREATED IN THE BACKGROUND.

(4) GOOD (i.e., on-balance sheet, taxed) money which will CHASE OUT THE BAD MONEY that the crass US Fraudulent Finance concoction will generate.

As for Professor Sachs, and to give him his due, Sachs elaborated:

‘Cynics [NO: realists – Ed.] believe that the Geithner-Summers Plan is exactly what it seems: a naked grab of taxpayer money for Wall Street interests. Geithner and Summers argue that it’s the least bad approach to a messy situation, in which we need to restore banking functions but don’t have any perfect ways to do that [NOT TRUE: see above – Editor]. If they are serious about their justification, let them come forward to confront their critics and to explain to the American people why the other proposals are not being pursued. So far, Geithner and Summers tell us that their plan is the only option, but without a word of further explanation as to why’.

In other words, Geithner and Summers are liars because they BOTH KNOW that there is another solution – namely, the transparent on-the-books taxable revenue-generating agreed Refunding Programme MINUS Government, that they have explicitly rejected. They have rejected it because they are working to refund Carlyle and Carlyle Capital, of behalf of the corrupt Bush-Clinton Cabal, and to relieve foolish investors of every good dollar so as to enable these operations to extract their profits at the expense of the soon-to-be-scammed investors concerned, and the taxpayer.

And of course, Jeffrey Sachs himself hasn’t yet got round to putting forward the ONLY SOLUTION, outlined above – which is surprising, given that he is not unendowed with the requisite ‘smarts’.

If he doesn’t do so soon, we would be perfectly entitled to conclude either that he’s actually rather dense, or else that, like the rest of these people, he’s ‘part of the problem’.

(9) THE MEETING AT THE HIGHEST LEVEL IN LONDON ON 1ST APRIL 2009:

Although self-evidently we are not privy to what was discussed between the Monarch and the President of the United States, we know through several sources that the Refunding Programme which will generate TAXABLE REVENUE WITHOUT U.S. TREASURY DEBT, was discussed and that key names that you know about were mentioned in this connection. At the mention of these key names, President Obama backed off and MAY HAVE uttered words to the effect: ‘No, that’s not the way WE are going to do it’, while also indicating a commitment (note the two opposite stances) and demonstrating a complete change of attitude from one of confrontation to one of cooperation in response to The Queen’s remarkable genuine professional ability to charm.

Whether the President bad-mouthed the key US expert in question to The Queen cannot possibly be known, but it can be deduced from information received that he may well have done so. The name in question is not appreciated at the White House and the US Treasury, because he speaks the truth and because neither intend to proceed with sound finance. He is of course the expert whose work we reproduce from International Currency Review, Volume 34, #2, below.

If President Obama did bad-mouth Michael C. Cottrell, B.A., M.S., it had NO EFFECT! Otherwise the White House would not be ‘extremely annoyed’ ‘as we speak’, and nor would the issue concerning the Editor of this service have blown up (to be alaborated later, if there is no resolution).

The perverse and ruinous intention is to proceed along the Fraudulent Finance route, which will end very quickly in disaster and – here’s the Editor’s point – WILL TAKE THE BRITISH ECONOMY AND BANKS DOWN WITH IT. (Now you know why the Editor is involved in this battle).

As an outline, what appears to have occurred is exactly as was predicted earlier on this website:

• Obama arrives at Stansted under a cloud.

• Obama attends at Buckingham Palace for his one-on-one meeting with The Queen.

• At this meeting, the Refunding Programme as explicitly explained directly to The Queen’s advisers by the key US name in question through ourselves, is raised. Also mentioned is the second key US name whose reputation for integrity is likewise impeccable.

• In the course of the interview, Obama’s stance was transformed for the purposes of completing the meeting, from one of confrontation to one of intended cooperation, and various commitments may have been given. These commitments appear to have been false.

• Obama then proceeds on his travels from podium to podium, and on arriving back home, we understand, indicated that he intends to proceed along the disastrous course concocted by his top appointed officials and advisers representing Biden (the new Cheney), Cheney himself, Summers and Bush 41 – who, we know, specifically intervened in the evening of 9th April 2009, to stop the release process, AFTER a conversation between the Editor and Michael C. Cottrell, B.A., M.S.

In summary, the President of the United States gave certain undertakings at the highest level in the United Kingdom without having the slightest intention of honouring them, thereby making it evident in retrospect that he was not interested in the G-7-Approved private sector Refunding Programme, and would be proceeding along the disastrous route recommended by the Financial Terrorists and traitors to the United States and the American people who are jeopardising US National Security and either couldn’t care less, or don’t understand where they are going.

Which of course means that the situation, as stated in the preceding report, is now far more tense and dangerous than was the case prior to the G-20 watershed meeting at which these matters were supposed (ostensibly) to have been stitched up behind the scenes.

(10) KICKING AGAINST THE PRICKS: WHAT WASHINGTON INTENDS TO DO NOW:

The intention of these operatives, headed by President B. Obama with the full cooperation of the NYSE and ICE, is to re-start the collapsed Fraudulent Finance derivatives, in the expectation that some fools abroad will pile into this deceitful DEBT-GENERATING process, thereby fraudulently restarting the carousel – with a view to elevating the ‘Toxic’ or ‘Legacy’ ‘assets’ (which have NO RECOURSE to the underlying flow-of-funds and so are accordingly fundamentally fraudulent and worthless), highly desirable, and enticing imprudent institutional investors like pension funds and money managers in the municipal sector, as well as reckless banks and greedy private investors at home and abroad who are pready to abandon the Prudent Man Rule, into this poisonous bonanza.

Once Carlyle and Carlyle Capital et al have ‘revalidated’ the existing overhang (including double-counting) of between $600 and $700 trillion of fraudulent derivatives ‘assets’ (that is to saym have converted the current dead, moribund and worthless Ponzi derivatives into cash) – while having procured that foolish foreign purchasers, American pension funds, municipalities and banks have stuffed themselves to the gills with a brand new generation of even more worthless fraudulent Ponzi ‘assets’ than the previous lot – these fraudsters will be in a position to take down the entire system – whereupon they will be in a position to scoop up all the residual good assets and a few banks that they covet, achieving their revolutionary objectives by means of Fraudulent Finance.

For the immediate future, we know for a fact that none of those parties in the background in the United States who have been told what is happening, are paying any attention. Their eyes glaze over and they block their ears. They are indifferent to the fact that on the other side of the balance sheet, the US Treasury is to accumulate a vast, open-ended additional overhang of official US debt, which will burden future generations of Americans out to infinity.

• And because WE KNOW that they DO understand the logic of the G-7-Approved revenue-generating, debt-free Refunding Programme, these people, ALL OF THEM, can be accused of:

• Committing treason against the American Republic and People.

• Criminal co-conspiracy to defraud the portfolios of pension funds, municipalities, institutions and unwise investors at home and abroad on a monumental scale.

• Criminal intent to revalidate worthless assets that they know to be fraudulent by the usual Ponzi Scheme method of PULLING IN NEW MONEY, in exchange for which new, even more prospectively poisonous false derivative ‘assets’ will be stuffed into portfolios in the United States and abroad (if foreigners fall for this latest official American scam) which the foolish purchasers will be unable to dispose of in due course when the new generation of ‘trashets’, in turn, is found to be worthless both because they are intrinsically so, and because there will suddenly be no takers for this trash.

• Gravely compromising and jeopardising US National Security by criminally mortgaging the futures of generations of Americans through the deliberate creation of wholly unnecessary debt to finance this Fraudulent Finance to ‘restore’ value to the likes of Carlyle and Carlyle Capital, in accordance with the treacherous intentions of George H. W. Bush Sr. on behalf of the DVD (Abwehr), Dachau and its sentinel, the bribed STASI-Chancellor Angela Merkel.

• Gross dereliction of law enforcement duty in failing to take the severest measures against all those in plotting this outrageous escalation of US official scamming, which is intended to buttress the usurped control of the Intelligence Power over the Executive Branch of the US Government, as previously explained by this service.

• Recklessly sacrificing economic and financial stability for criminal purposes as described.

• Exploiting public office for the fraudulent and criminal purposes in question, including self-enrichment and the financing of ‘Black Operations’ in open defiance of the clear interests of the American people and of future generations of Americans.

• Engaging in these criminal acts in time of war, exacerbating the treason that they are committing.

• Openly engaging in gross acts of Economic and Financial Terrorism, as provided for in their own national security legislation.

(11) NEW WAVE OF FRAUDULENT FINANCE WILL GENERATE REVENUE AT HUGE COST:

Buried inside this intended giga-scamming operation is the US official intent to generate revenue by these means – revenue that may OR MAY NOT be taxed. On the basis of past experience, a huge proportion of the intended Ponzi transactions will be handled, as usual, off-balance sheet, so that the proceeds will be shovelled into ‘offshore’ accounts, despite the latest revived G-20 ‘offensive’ against tax evasion. Whether the offshore centres will comply with the pressures being exerted on them now that the Bush Crime Family is ostensibly ‘out of the way’ (Bush II TORPEDOED the OECD’s operations against the offshore centers in 2001) remains unclear.

But even if a significant proportion of the new Fraudulent finance transactions are taxed, the tax accruals will have been MORE THAN OFFSET by the huge increase in US Treasury debt that is to be created and is being created on the other side of the US Federal Government’s balance sheet.

And as we have pointed out, IT IS NOT NECESSARY TO CREATE ANY NEW TREASURY DEBT AT ALL. So, what is the problem?

• ANSWER: This is the Geithner-Volcker-Summers-Bernanke-Obama method of purporting to have these transactions occur in the private sector WHILE RETAINING CONTROL.

(12) THE REAL MOTIVE: THE CROOKS ARE TERRIFIED OF LOSING CONTROL OF TRADING:

What they are terrified of is LOSING CONTROL OF TRADING. That’s the bottom line.

• So they are quite happy to burden the present and future generations of Americans with colossal unnecessary Treasury debt IN ORDER TO RETAIN CONTROL.

• Therefore, THEY ARE COMMITTING TREASON AGAINST THE AMERICAN PEOPLE, since there is an alternative method of getting out of this mess: by RELINQUISHING CRONYISM CONTROL so that the Government sector is not engaged in creating UNNECESSARY DEBT to finance this scam.

Discontent may remain muffled for now in the context of the official attempt to invent a ‘feel-good’ factor for public consumption, in the ‘expectation’ that the imminent Fraudulent Finance rebooting operation with the Lombard Odier external ‘insurance wrap’ will reignite the productive economy, whereas its purpose is to exchange the worthless existing derivatives pile for NEW MONEY, in accordance with the standard Ponzi principle.

This operative said on 9th April that the US economy will begin to feel as if it is recovering within the next few months, as the “sense of free fall” comes to an end. Addressing the Economic Club of Washington, this operative offered NO EVIDENCE WHATSOEVER for his assertions, as his woolly phraseology revealed. There were ‘still substantial downdrafts’ (no mention of the ten huge Bush-related Ponzi networks waiting to ‘blow’ in Europe, of course); but Mr Summers was ‘reasonably confident’ that ‘the sense of a ball falling off the table’ will come to an end within months.

‘We will no longer have that sense of free fall’, he waffled, adding that his aim was to ensure that the downturn is not an ‘historic event’. He thought that in the past 6-8 weeks ‘things have felt a little better’ on the basis of ‘a substantial anecdotal flow of information’.

Tell that to the owner of the diner frequented by the Editor of this service in Midtown New York, which was empty when last visited, or to the Midtown breakfast diner which is normally so crowded on Sunday mornings that for years it was a waste of time turning up there. The other Sunday the Editor strode past and observed plenty of tables, so he renewed his acquaintance with the place.

Exactly what class of weed Mr Summers has been consuming is unknown. But what we do know is that, as President Obama’s ‘closest economic adviser’, this operative is a key driving force behind the intended Fraudulent Finance offensive that will crucify the present and future generations of Americans because of the HUGE BURDEN OF UNNECESSARY DEBT that it will generate – thanks to Summers’ perverse refusal, along with his colleagues, to TAKE THE CORRECT ACTION.

Meanwhile the blocking operations of the Connecticut Trust group on behalf of George H. W. Bush Sr. have continued unabated since we ‘outed’ these criminals. On 9th April 2009, further sabotage activity by this group was reported. Releases are being sabotaged because the criminal controllers intend to have everything their own way, supported by Gold Badges who are likewise intent on not doing their jobs, but instead collaborating in the intended official Fraudulent Finance orgy.

• On the other hand, we received information from usually reliable sources on Easter Day, believe it or not, to the effect that an unspecified number of arrests had taken place that day, of key people at their homes under US Homeland Security legislation, and that those arrested were said to have been hauled away without being read their rights. [When we report such arrests etc, we replicate what sources tell us. If confirmed we say so: on Sunday it was not possible to confirm such reports].

• Also on Easter Day, we learned that a previously wealthy Russian who had bought a property in West Palm Beach for $125 million from Donald Trump, who had previously acquired the palace in question for $45 million, was of course trying to dispose of it, and that Donald Trump had offered him $25 million for it! This information comes from local real estate sources.

THE LEGALISATION OF FINANCIAL CORRUPTION
The following analysis, published in International Currency Review, Volume 34, Number 2, on pages 2-37, will demonstrate even to those perverse US officials and bankers whose ears are blocked and who have eyes to see but refuse to see, that we have the full authority of due diligence and proper professional analysis behind us – plus the necessary clout to have published what follows in our journal, the latest issue of which is now resident with governments and their structures, as well as with central banks, treasury departments, international institutions, intelligence agencies, and other subscribing official and private sector organisations and policymaking environments.

The ICR financial analysis, entitled ‘The Legalisation of Financial Corruption: The Creation of Securitisation and Credit Default Swaps’ ( as Chapter One) and ‘The Legalisation of Financial Corruption: Descriptions of the Resulting Derivative Financial Frauds and Scams’ (Chapter Two), has been in the international public domain for a month now, and is based upon research and analysis specially conducted for this service by the sole US securities expert who is telling the truth and pulling no punches (an ACCURATE statement), Michael C. Cottrell, B.A., M.S.

Our website will be upgraded this year to enable us to publish charts and illustrations. At the moment, we do not have this capacity. Therefore, in Chapter Two, the references to the three charts are supplemented by Notes appended at the foot of the analysis, following the list of 163 References and Notes appended to the analysis itself.

These three Notes are NOT NUMBERED because numbering them would interfere with the existing hierarchy of references. To know more about the three charts explaining the scamming operation under Paulson’s TARP deception, which is the precursor of the Obama Administration’s even more convoluted TALF arrangements, see chart references: Figures One, Two and Three.

• CHART LEAFLET DISTRIBUTED IN VIRGINIA AND D.C:

These three charts have been distributed by a senior authority by hand in Virginia and Washington DC in the form of a four-page International Currency Review leaflet entitled:

‘Revaluing worthless, false ‘Structured Products’
(in order to refinance corrupt Fraudulent Finance operations in the process):

Deconstruction of the Paulson Treasury ‘TARP’ operation:

Three charts exposing official Fraudulent Finance
published in International Currency Review: VOLUME 34, NUMBER 2, MARCH 2009’.

The International Currency Review presentation is followed by the definitive world Glossary of Deceptive and Exotic Derivatives Terms [pages 39-87], including specially invented terminology consistent with this lie-factory, which serves the purpose of OBFUSCATION so as to mask what is happening in the derivatives sector behind a fog of jargon. This glossary is not published here.

REASON FOR PRESENTING THIS ANALYSIS
Finally, this analysis is presented here for two key reasons:

(1) To demonstrate that our professional conclusion and our recommendation that the debt-free Refunding Programme must proceed from London is based upon solid and accurate analysis, not just upon vapid arm-chair opinion; and:

(2) To make it impossible for those interested parties who are opposed to doing what has to be done the honourable and correct way, to deny that we know what we are talking about here which, believe it or not, we have heard is taking place.

• After nearly four decades of publishing this journal, it ought to be understood that we DO know what we are talking about, which is why governments and their structures, banks, central banks, international institutions, leading investors and certain intelligence agencies worldwide subscribe to International Currency Review.

• FACT: Indicative of its petty-minded revulsion at being told what it doesn’t want to know, last December the Paulson Treasury cancelled its sub. to International Currency Review, to which it has subscribed since the early 1970s, and asked for a refund, which we do not provide (see ‘How we do Business’ on our website)!!! (When you buy a pair of shoes at a shoe store, you don’t return to the store and ask for the money back on one shoe! You paid for two shoes and you keep the shoes).

THAT’S HOW STUPID THESE DEVIOUS PEOPLE HAVE BECOME. They don’t fancy having a serious journal lying around in their Library – as has been the case for nearly four decades – describing their behaviour as duplicitous and criminal: which it is.

If that wasn’t the case, we wouldn’t describe it as such, would we? The US Treasury is engaged in systematic Financial and Economic Terrorism against the American people and the Rest of the World. This is not a figment of our imagination: money-laundering is Financial Terrorism according to the Patriot Act legislation. Too bad that they make an exception for serial official misconduct.

• CHAPTER ONE:
THE LEGALISATION OF FINANCIAL CORRUPTION:
THE CREATION OF SECURITISATION AND CREDIT DEFAULT SWAPS

PART ONE: THE HISTORICAL BACKGROUND
The financial market environment that produced credit derivatives and other structured products was the cumulative consequence of the following:

• BCCI, which was deliberately imploded and its surpluses stolen;

• The Bush Task Group on Regulation of Financial Services;

• CAPCOM, CARLYLE, ENRON, and:

• The Gramm-Leach-Bliley Act of 1999.

A: BCCI: THE BANK OF CREDIT AND COMMERCE INTERNATIONAL
This bank was established as a partnership involving the Bank of America, with an initial fully paid-up capitalisation of $10,000,000 – $2,500,000 provided by the Bank of America for a 25% ownership share, in collaboration with Agha Gasan Albedi of Pakistan (1). The bank’s primary supporters, both politically and financially, were Sheikh Zayed bin Sultan Al-Nahyan, the eventual ruler of the United Arab Emirates (UAE), and Kamal Adham, known as ‘the godfather of Middle Eastern Intelligence’ (2).

Bank of America’s expansion into the Middle East was ‘justified’ on the basis that it took advantage of ‘Corbanking’ (= correspondent banking). The transference of funds into external Financial Center banks and the offering of access to master trusts, foreign exchange, depository services, and check-clearing through correspondent banking networks, enabled the Bank of America to gain a foothold into Islamic banking institutions (3). Pakistan became the clear choice for Western banks intending to establish Corbanking relationships – due to three characteristics:

(1): The reality of ‘Islamisation’;
(2): The existence in Pakistan of a highly skilled banking profession;
(3): The emergence of a new government committed to liberalisation, i.e., specifically to privatisation of national banks and the establishment of new investment banks (4). Islamic banking prohibits the payment of interest on money deposited with the bank, and usury. Additionally, the new government of Zulfikar Ali Bhutto committed itself to liberalising and privatising the country’s banks as a way to encourage foreign business enterprises into Pakistan. Habib Bank and the Muslim Commercial Bank provided links between the Islamic-oriented banks and the new liberalised investment banks that were established in the country (5).

During the Second World War, the United States used the Office of Special Services (OSS) and its Board of Economic Warfare (BEW) as primary instruments to harass and destroy the economic activities of Nazi Germany. The Central Intelligence Agency (CIA) employed the same strategies, through BCCI’s correspondent arrangements throughout the Middle East (6).

BCCI thus became a primary instrument by means of which the so-called ‘Reagan Doctrine’ was to be implemented. This US strategy was packaged for public consumption as an offensive aimed at financing and supporting anti-Communist insurgencies around the world, as President Reagan had ostensibly ‘decided’ that the Cold War had outlived its sell-by date.

[Addendum by the Editor: In reality, a much darker imperative was at work: 1989 was the 72nd anniversary of the Russian Revolution. In accordance with the secret logic of the ‘Rule of 72’, it was time for the ‘torch’ of Revolution to be handed back to the classic revolutionary power of all time, the United States. The United States’ aberrant behaviour as a pariah state reflects this].

THE RELEVANT REAGAN NATIONAL SECURITY DECISION DIRECTIVES
In the course of 1982 and 1983, President Ronald Reagan secretly issued three National Security Decision Directives (NSDD) for the purpose of steering US foreign policy:

• NSDD-32, NSDD-66, and NSDD-75.

• NSDD-32, issued in March 1982, declared that ‘that the United States would seek to neutralise Soviet control over Eastern Europe’, and authorised ‘the use of covert action and other means to support anti-Soviet organisations in the region’ (7).

• NSDD-66, issued in November 1982, declared that 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).

• Finally, in January 1983, NSDD-75 was issued, calling for ‘the United States not to just co-exist with the Soviet system, but to change it fundamentally’ (9).

NSDD-66 and NSDD-32 allowed the Reagan-Bush White House to undertake more drastic measures towards implementation of the ‘Reagan Doctrine’ by seeking any means necessary to secure low oil prices, that would damage the Soviet economy, while also arming and supporting Iraq and the anti-Soviet Mujaheddin Afghanistanis.

This operation utilised the BCCI financial conduit provided by the CIA and the National Security Council under Vice President George H.W. Bush Sr.. The war was costing the Central Intelligence Agency (CIA) more than $100 million dollars a year, and ‘necessitated’ funding Pakistan’s ISI (Inter-Services Intelligence) which was actively supporting the Mujaheddin against the Soviets (10).

The CIA engaged with more than 200 leading US corporations in this context, so that all these US corporations thereby provided cover for the operations of specifically CIA-sponsored and CIA-supported US corporate entities (such as Chemical Bank of New York) (11).

B: CHEMICAL BANK OF NEW YORK
Chemical Bank of New York was established in 1934, when Lehman Brothers, a Wall Street Investment firm, bought 20% of the Rockefeller shares in the Corn Exchange Bank of New York.

The Corn Exchange Bank was then merged into the Chemical Bank and became the Chemical Corn Exchange Bank – later re-named the Chemical Bank of New York.

On 20th November 1978, Chemical Bank established the Chemical New York Southwest, Inc., in Houston, Texas, as a loan production affiliate of Chemical Bank, New York, NY. The Directors of Chemical Bank also created ChemLease, Inc. as an equipment finance affiliate, which changed its name to Chemical Business Credit Corporation in January, 1980, with a brief to provide equipment and commercial finance services (12).

Chemical New York Corporation, a bank holding company, re-structured its international financing operations, in April 1983, and in doing so, promoted:

(a) Mr William B. Harrison, Jr., to head the US Corporate division encompassing all corporate lending in the United States;
(b) Mr Maurice H. Hartigan II, as the head of Account Management and Solicitation of Correspondent Banks, brokerage firms, and insurance companies;
(c) Mr Barry T. Linsley, as head of all Treasury and foreign exchange operations
in Europe and the Middle East; and:
(d) Mr William C. Pierce, as head of the Energy and Minerals Group (13).

In September 1984, Chemical Bank established a special Government Relations Office in Washington, D.C., to be known as Chemical New York, Inc., located at 2000 Pennsylvania Avenue, N.W.., although Chemical New York Inc.’s District of Colombia-registered office was at 1025 Vermont Ave., N.W. (14). Chemical New York purchased Texas Commerce Bancshares, owned by the family of James A. Baker III (President Reagan’s Chief of Staff) in 1987 (15).

The Federal Reserve Board approved an application, on 21st April 1988, from Chemical New York Corporation to be engaged through a subsidiary, Chemical Futures, Inc., in the execution and the clearance of futures contracts on a municipal bond index.

• Chemical Futures, Inc. was allowed by the Federal Reserve Board to solicit, execute, and clear futures contracts on major (international) commodities exchanges for non-affiliated persons, and would be allowed to serve as a futures commission merchant on the Chicago Board of Trade (16).

By 1996, Mr. Harrison had become Chairman and Chief Executive Officer (CEO) at Chase Manhattan Bank, New York, whereupon he successfully merged Chase Manhattan Bank with Chemical Bank for the sum of $35 billion US dollars. This merger incorporated the assets acquired by Chemical Bank when Chemical Bank merged with Manufacturers Hanover Corporation, in 1991. Thus, by the end of 1996, Chemical Bank/Chase Manhattan Bank had become the largest banking operation in the United States, with assets of over $235 billion (17).

• Chemical Bank and BCCI: Although BCCI only existed between 1972 and 1992, it paved the road for financial terrorism, the scourge which has been and continues to be exposed through our website and published reports, because it became the financial conduit for White House/CIA/NSC operations and lethal adventures following on from the circumstances outlined at the beginning of this report, which should be considered and used as a verbal flow-chart. BCCI was used for:

(1) The purchase of arms for the anti-Soviet Mujaheddin in Afghanistan, via the CIA [and DCI/Vice President G.H.W. Bush];
(2) Arms purchases by BOTH Iran and Iraq during their eight-year war, so that de facto the United States was one of the powers sustaining the war with arms sales; and:
(3) The self-destruction of the Soviet Union’s financial system, induced by means of bribery and an economic warfare operation involving CAPCOM, et al., Chemical Bank, et al., and the CIA (embracing the open-ended financial operations of free-wheeling CIA operatives, such as Leo Wanta, who was assisted by the much more resourceful and effective Chinese intelligence financier, Howie Kwong Kok)(18).

C: CAPCOM

Capcom was created by BCCI’s Treasury Department head, Ziauddin Ali Akbar, who capitalised the corporation with funds from BCCI and BCCI customers (19). Akbar registered a shelf corporation, on 26th April 1984, named Hourcharm Ltd., at his home address in London (England), and then, on 22nd May 1984 renamed it Capital Commodity Dealers, Ltd. before again renaming the company as Capcom Financial Services, Ltd., in July 1984 (20). Capcom was thereafter funded with additional monies, to an amount of £25,000,000 (approximately $37,000,000, in 1984 US dollars) (21).

Its speciality was changing its name and spawning offshoots. Specifically, Capcom Financial Services Ltd. then went through a number of variations:

• Capcom Securities, Ltd.;

• Capcom Inc.;

• Capcom Co., Ltd.;

• Chemical Futures, Inc.; and:

• Capcom Equities, Inc. (22).

• Capcom, Inc. was formed in Cleveland, Ohio, on 8th August 1976; in Boca Raton, Florida, on 26th August 1976; and in Washington, D.C., in 1981 (23).

Capcom Co., Ltd. operated/operates as a London-based Japanese Management Consulting Services firm which was established in 1991 (24).

Finally, Capcom Equities, Inc. (re-named as Everest Securities, Inc., on 19th March 1990), was set up on 12th August 1988, in Illinois, with its registered office in Plantation, Florida (25).

BCCI’s network of banks aided the movement of massive amounts of funds to arms suppliers in the United States Canada, China, and Soviet satellite countries, and provided the main mechanism for Capcom profits/losses from the purchase and sale of options derived from the Chicago Mercantile Exchange to flow on and off the BCCI books (26). This ‘options scheme’ facilitated the ‘loss’ of a minimum of between $250 million and $500 million within a Capcom/BCCI ‘black hole’ (27).

D: BUSH TASK GROUP ON REGULATION OF FINANCIAL SERVICES (1983-1985)
In December 1982, Vice President George H.W. Bush announced the formation of The US Task Group on Regulation of Financial Services to:

‘Review the Federal Government’s regulatory structure for financial institutions and propose any desirable legislative changes to the existing system’.

It was against that official background that, in a keynote speech addressing The American Assembly at Columbia University, on 8th April 1983, Bevis Longstreth, a Commissioner with the US Securities and Exchange Commission [SEC], made a detailed appraisal of the Financial Services Industry and regulations, the full text of which is given as Appendix Three with this presentation (28):

‘If a salesman… deals directly with the consumer of financial services – he would have to contend with various US and State financial services regulators. If the salesman is affiliated with a broker-dealer, he must become a registered (securities) representative [in order] to sell securities.

To qualify, he must meet detailed requirements with respect to character and competency; in recommending transactions he is subject to rigorous ‘suitability’ standards and generally to the NASD’s (National Association of Securities Dealers) Rules of Fair Practice. In addition, he is subject to the BLUE SKY laws of the States where his clients reside’ (29).

‘If the salesman wants to sell commodity futures or commodity options he must be qualified as an associated person of a futures commission merchant and conducts his activities in accordance with the regulatory scheme administrated by the Commodity Futures Trading Commission (the CFTC) and the National Futures Association’ (30).

‘If the salesman wants to sell insurance products he is subject to the jurisdiction of the state insurance regulators. If he wants to provide investment advice, with respect to securities, he must register as an investment adviser under the Investment Advisors Act and conform to its requirements, including state regulations’ (31).

‘If the salesman is employed by a bank, he can offer securities, manage pooled investments and render investment advice. Because a bank is not a broker or dealer and is exempted from the Investment Advisors Act, the securities laws do not apply. A different set of regulations apply, issued by bank regulatory authorities’ (32).

According to Mr. Longstreth, these multiple regulatory schemes were/are inefficient, ineffective, and, therefore, irrational. He believed that the time had come to ‘clear out this regulatory thicket in favour of a functional approach – based on identifying what aspects of function warrants regulation, and then design a regulatory agency to administer the regulation’ (33).

Mr. Longstreth addressed the ‘need’ to de-regulate ‘Pooled Funds’ (now known as HEDGE FUNDS), since the function of pooled funds is the management of the customer’s money based upon the supposed ease of management and economies of scale. At the time, in 1983, pooled funds were subject to the Investment Company Act of 1940 and the Securities Act of 1933 (34).

Additionally, banks may not sponsor mutual funds, but may organise common and collective trust funds that are very similar to mutual funds. However, banks are regulated by the Comptroller of the Currency’s Regulation 9, and in some cases, ERISA [Employee Retirement Income Security Act of 1974], which address conflicts of interest. Mr Longstreth questioned ‘whether any reason justifies preserving the differences in regulation of pooled funds’ over better management of the funds on behalf of the customer (35).

Another type of fund that Mr. Longstreth raised regulatory questions about was Money Market Mutual Funds and the implicit evasion of Regulation Q.

The issue of risk, in the case of Money Market Mutual Funds, may be slight, but the deposit may not be paid out at par (‘breaking the buck’).

Moreover, since passage of the Garn-St. Germain Act, the question of money market deposit accounts was made a matter of law (36).

Mr Bevis Longstreth also made out a case for the consolidation of the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), on the basis that then-recent (1983) legislation had made the jurisdiction between the two agencies so close, that there was now little overlap. However, the term ‘commodity’ is also defined under the US Commodity Exchange Act as a ‘security’, and the many broker-dealers regulated by the SEC are also futures commissioned merchants subject to the CFTC regulations (37).

Mr. Longstreth concluded that the Glass-Steagall Act of 1933 had reflected a clear Congressional determination that avoidance of the ‘hazards’ and ‘financial dangers’ to banking that arise when commercial banks engage in investment banking, outweighed the advantages of competition, convenience or expertise that might support bank entry into the investment banking arena (38). …Yet, he elaborated, ‘the growing interdependence of financial intermediaries should give pause to policymakers tempted by the siren song of Adam Smith’.

Therefore, Mr Longstreth concluded that it was ‘my thesis that’:

(1) Market discipline can only assure soundness in an overall environment where institutions are PERMITTED TO FAIL;

(2) The linkages among financial intermediaries often are too extensive (and growing stronger and more numerous) to PREVENT ANY ONE FAILURE FROM TRIGGERING OTHERS;

(2) Therefore, the collateral consequences of failures often impose unacceptable costs on the financial system; and:

(4) Accordingly, to assure soundness, a new system of direct regulation is needed – a system broad enough to encompass all financial intermediaries, and flexible enough to enable the forces of full disclosure and market discipline to do their share of the job (39).

Finally, Mr Longstreth urged people to study the Federal Reserve Act as the most logical source of regulation and emergency funds, but noted that the Federal Reserve Act was too archaic and inflexible to do the necessary regulatory job (40).

The BUSH TASK GROUP (the 1983 task force) was established as the result of US Congressional hearings (1981-1983) regarding enforcement of The Corrupt Foreign Practices Act (1977) involving corporate reporting and accounting (41).

The Task Group was formed, in part, as a result of the SEC Chairman John S. R. Shad’s proposal for a one-year task force which would:

(1) Review the regulatory structures applicable to the securities, banking, thrift, and insurance industries in the United States;

(2) Propose that financial services should be regulated by functional activities rather than by outmoded industry classification;

(2) Recommend that overlapping, duplicative, and conflicting regulatory activities be consolidated, having identified the overlaps, duplications and conflicts; and:

(4) Recommend that ‘excessive regulation’ within and between agencies should be eliminated under new legislation (42).

The Bush Task Group endorsed proposals for the substantial reorganisation of the Federal regulatory system for depository institutions. The proposals would repeal the exemptions in the Securities Act of 1933 covering the registration of securities issued by banks and Savings and Loan Associations and would transfer to the SEC, the burden of administering periodic reporting, proxy solicitation, and short-swing profits provisions of the Exchange Act… .

Thus, these initiatives would consolidate the administration of securities disclosures requirements for banks and US Savings and Loan Associations, ostensibly resulting in more uniform disclosure financial disclosure to public shareholders and securities analysts and facilitating evaluation of comparative investment risks (43).

The Securities and Exchange Commission (the SEC) would become the repository for filings of all publicly held institutions, Savings and Loan Associations, and holding companies, as it is for all other publicly owned companies.

In early 1984, the SEC testified in support of legislation to facilitate the development of the private secondary mortgage market.

The resulting legislation was signed by President Reagan on 3rd October 1984, and was designed to encourage offerings of mortgage-backed securities by private issuers (44).

OSTENSIBLY ‘UNINTENDED’ CONSEQUENCES
The financial deregulation that resulted from the Bush Task Group of 1985 has led to an age of heightened power for the Federal Reserve System via the following mechanisms, contributing to the collapsing system now in evidence:

(1) The continued expansion (coverage) of Regulation K,
i.e., international banking and Edge Act corporations;

(2) The further expansion of free-market activities introduced under:
The Omnibus Banking Bill of 1980;

(3) The Competitive Equality Banking Act of 1987;

(4) The Electronic Fund Transfer Act;

(5) The Financial Institutions Reform, Recovery, and Enforcement Act of 1989;

(6) The Foreign Bank Supervision Enhancement Act of 1991;

(7) The Gramm-Leach-Bliley Act of 1999;

(8) The Legal Certainty for Bank Products Act of 2000; and:

(9) Title 31, United States Code, Subtitle IV (45).

The Bush Task Group Report on Regulation of Financial Services (Blueprint for Reform) presented on 26th and 27th March 1985 contained several recommendations concerning the deregulation of the banking industry, including:

• The Federal bank oversight supervisory agencies should be thinned out;

• A Federal Banking Agency should be created;

• The Securities Act of 1933 should be amended;

• Restrictions in the Investment Company Act of 1940 should be removed; and:

• The Trust Indenture Act of 1939 should also be amended.

The overall emphasis of this report was primarily to reduce the regulatory oversight of Federal supervision of national banks – thereby allowing the banks to gain access to the lucrative, but prohibited, non-banking financial services arena (46).

E: CARLYLE
The Carlyle Group, describing itself today as a ‘global private equity firm’, was established in 1987, in Washington, D.C., as a Private Partnership by Stephen L. Norris, and David M. Rubenstein (47).

The partnership then hired William E. Conway, Jr., Daniel A. D’Aniello, and Greg Rosenbaum. By 1995, Messrs Rubenstein, Conway, and D’Aniello reportedly collectively owned an approximate 50% interest in the group’s general partnership, with the California Public Employees Retirement System (CalPERS) as the only US institution owning a stake in the partnership (a 5.5% share, for $175 million, paid in 2001) (48).

In September 2007, Mubadala Development Company, ‘an investment group owned by the government of Abu Dhabi, which is part of the United Arab Emirates’, purchased a ‘7.5% share of Carlyle’s general partnership, for $1.35 billion’ (49). Wikipedia has named George H.W. Bush and former Secretary of State James A. Baker III as notable investors in Carlyle Group [sic!] (50).

In our reports, we have pointed out that the participants in this colossal ‘money machine party’ operated on the assumption that the bonanza would continue for ever – as is presupposed by the reality that the Depository Trust and Clearing Corporation (DTCC) boasted during 2008 that it had cleared $1.8 quadrillion of derivatives transactions.

This entity is owned by a group of US clearing banks, now including inter alia Deutsche Bank, which purchased the clearing facilities from JPMorganChase. It has guaranteed over $600++ trillion of derivatives ‘assets’ outstanding and, as more and more of these contracts reach maturity and fail, its guarantees are being called, with actual or prospectively DISASTROUS consequences.

It was the height of irresponsibility for the banks to have set up a corporation to guarantee these exotic transactions (clearing them = guaranteeing them). When the guarantees are called, they must be honoured (operation of law).

Notwithstanding the above, on 31st January 2007, William E. Conway, Jr., sent a letter to the firm’s ‘investment professionals worldwide’, which contained some revealing observations, in which Mr Conway attributed the continued rise of world stock markets to a glut of liquidity in the world financial system, describing the glut as reflecting:

‘… the availability of enormous amounts of cheap debt’.

Mr Conway’s letter elaborated: ‘This cheap debt has been available for almost all maturities, most industries, infrastructure, real estate and all levels of the capital structure’. He said that there is so much liquidity in the world’s financial systems that ‘lenders (even ‘our’ lenders) are making very risky credit decisions’.

‘And of course when [the liquidity bubble] ends, the buying opportunity will be once in a lifetime. But I do not know when it will end’. Mr Conway also expressed concern that the resulting US recession could become a global depression.

F: ENRON
Enron started life on 25th April 1930, as a component of a group of filed companies, operating in different US states, with the various DBA (‘Doing Business As’) companies having different names, such as the Northern National Gas Company. Enron was crossed-filed as a corporation in Texas on 10th December 1934, in Iowa on 26th August 1935, and in Delaware on 11th October 1934 (51).

Enron evolved into a component of the US intelligence community’s Energy Operations, with various agreements and contracts being secured from Middle Eastern parties resulting from the Allies’ victories in the Second World War.

In parallel, though, Enron also became an energy behemoth given its multiple cross-filed component corporations consisting of legal, chartered, and assumed names, i.e., Enron Corporation; Northern National Gas Company; Division of Internorth, Inc. (this name being registered three times); The Peoples’ Natural Gas Company; Division of Internorth, Inc.; Northern Natural Gas Company; Energy Systems Company; Division of Internorth, Inc.; Internorth, Inc.; HNG/Internorth; Enron Oil & Gas Company; EOG Resources, Inc.; HNG Fossil Fuels Company (52).

[The replicated/duplicated names represent separate companies,
registered and filed separately in different States].

Enron, et al., was/were exploited during the Reagan-Bush Administration, via CIA/DCI William Casey’s various ‘Enterprise Operations’, to move monies and materials around the world in order to meet the needs of ‘LASMO’, Amerada Hess, and other entities involved with the implementation of President Ronald Reagan’s Executive Orders NSDD-32, NSDD-66, and NSDD-75., referenced above (53). Enron was also deployed as a conduit for monies and jobs for the South American operations of the NSC-CIA during the George H.W. Bush Administration (54) [e.g., Falklands].

Between 1985 and 1987, Enron had set up four phoney offshore shell corporations to arrange sham oil trading contracts with Enron. Messrs. Mastroeni and Bourget were convicted and sentenced for defrauding Enron and for filing false tax returns – all under the sole supervision of Mr Kenneth Lay, Enron’s Chairman and Chief Executive Officer (55).

Enron’s offshore entities were (and in some cases still are) numerous and had/have multi-year, multi-million dollar contracts with such corporations as Kuwait Foreign Petroleum Exploration Co., El Paso Energy Partners, LP., BG-Enron, Enron Oil & Gas India Ltd. (EOGIL), Chaco, Amerada Hess Corp., and Trans Pacific Petroleum NL.(56) Amerada Hess forms a component part of the LASMO/Wilmington Trust operations of the 1990s (57).

We have already seen that Enron, et al. consisted of a large number of filings – winding up with 20 legal, chartered, and assumed DBA names filed in numerous States throughout the United States.

Enron’s top leadership, represented by Jeffrey K. Skilling and Kenneth L. Lay, were aggressive in securing debt to increase Enron’s capital to finance the expansion of its operations. At the same time, the conglomerate spawned over 3,500 offshore Special Purpose Entities or Vehicles (SPEs or SPVs) to hold assets that had been illegally moved from Enron’s balance sheet to the balance sheets of these so-called Special Purpose Vehicles.

The SPEs benefited from quite extraordinary ‘special exemptions from regulation’, applicable for EnronOnline, as specified in a 200-page attachment to the 11,000-page General Funding Bill passed by Congress on 15th December 2000 (58).

These SPE exemptions allowed Enron, et al., to own as little as three percent of the limited partnership with any outside interest partner, i.e., OSPREY Partnership, which generated $3.9 billion off-balance sheet debt – backed only with preferred stock – which was to be convertible into 50 million common shares in Enron (59).

EnronOnline was launched, on November 29, 1999, as the first web-based transaction system. This innovation allowed buyers and sellers to buy, sell, and trade commodity products globally – but only through Enron. The site allowed energy users to trade natural gas, electricity, and over 500 other products including credit derivatives, bankruptcy swaps, pulp, gas, plastics, paper, steel, metals, freight, and even TV commercial time.

This ‘off-the-floor’ trading platform soaked up tremendous volumes of Enron’s funds, since Enron was either the buyer or the seller of the aforementioned commodities and securities. Essentially, Enron was draining itself of its cash flow via EnronOnline’s trading activities. EnronOnline was closed down for online trading on 28th November, 2001 (60).

Given its huge debt burden, Enron’s survival hinged on its credit rating status. At the end of October 2001, both Moody’s and Fitch declared that Enron had been slated for review for possible downgrade (61). The possible downgrade would force Enron to issue millions of shares to cover the guaranteed loans, and thus devalue the stock further.

On 29th October 2001, the rumour spread on Wall Street that Enron was seeking one to two billion dollars’ worth of additional financing from the banks – a development that contributed to Moody downgrading Enron’s credit rating or senior unsecured long-term debt ratings, to Baa2, just above junk bond level. Standard & Poor’s downgraded Enron to BBB+ on 30th October 2001 (62, 63).

Enron had created myriad offshore entities [see above] that were used for planning and avoiding taxes, while increasing Enron’s reported ‘profitability’ and of course ensuring the accumulation of vast (Ponzi) untaxed profits offshore.

Enron’s ownership and management had full freedom of currency movement, internationally, enjoying total anonymity, so that losses were thereby hidden while off-balance sheet profits accrued to the companies and their ‘executives’.

The operations of these Special Purpose Enterprises (SPEs) made Enron appear more profitable than its actual financial condition warranted, and created a dangerous spiral that required Enron to perform better and better in each succeeding quarter – requiring deception to be employed in order to hide the obvious fact that Enron was haemorrhaging cash. Although the inside executives knew of this situation, the public did not, since Enron’s Securities Exchange Commission quarterly and annual filings did not reveal the true financial situation – as is required by law.

Arthur Anderson, LLP, Enron’s accounting firm, was well aware of this unlawful situation, but did nothing to correct it, and, in fact, participated (co-conspired, as a professional Accessory to the Fact) in structuring the offshore so-called Special Purpose Enterprises to enshroud the process from public scrutiny (64).

On 2nd December 2001, Enron filed for Chapter 11 bankruptcy (65). Robert E. Rubin, a US Treasury Secretary during the Clinton Presidency, telephoned the Treasury and spoke to the Undersecretary for Domestic Finance, Peter Fisher, about ‘what (Mr Fisher) thought of the idea’ of the US Treasury persuading bond-rating agencies to hold off reducing the freefalling Enron credit rating.

Such an intervention would help both Enron and Citigroup, one of Enron’s leading creditors. Quite properly, Mr Fisher told Rubin, who was Citigroup’s CEO, that the idea was not appropriate; and he took no action to assist Enron (66).

The US Treasury Secretary of the day, Paul O’Neill, the Commerce Secretary, Donald Evans, and the Federal Reserve Chairman Dr Alan Greenspan, all likewise revealed that they had received calls, on 2nd December 2001, from Enron’s CEO Kenneth L. Lay asking for help for Enron (67).

Thereafter, Enron, like BCCI and CAPCOM, was charged by the Securities and Exchange Commission and other authorities, with falsely reporting profits from commodity trading (68), leaving debts ‘off the books’, and overstating profits by $400 million plus, in its annual reports (69).

G: THE FINANCIAL SERVICES MODERNIZATION ACT OF 2000:
THE GRAMM-LEACH-BLILEY ACT (GLBA)

This Act updated the United States’ laws governing financial services by repealing two provisions of the GLASS-STEAGALL ACT, namely, Sections 20 and 32.

These two provisions prohibited the affiliation of commercial and investment banking firms, and limited officer and director interlocks between them (70). GLBA overrides restrictions in the Bank Holding Company Act (BHC Act), and the limitation on bank holding companies to engage in the insurance business (71).

The Act created a new ‘financial holding company’ category under Section 4 of the Bank Holding Company Act. Such holding companies can engage in a statutorily provided list (menu) of financial activities, including insurance and securities underwriting and agency activities, merchant banking and insurance company portfolio investment operations (72). Activities that are ‘complementary’ to financial activities were/are also authorised.

The non-financial activities of firms predominantly engaged in financial activities (at least 85% financial) are grandfathered for at least 10 years, with a possibility for a five-year extension (73).

The expanded ranges, according to certain testimony before a Congressional Committee, allow for technological advances and for meeting the needs of wholesale and retail customers (74).

Additionally, the Federal Reserve Board was authorised to be the umbrella regulator for financial holding companies, since GLBA allows financial services firms to engage in merchant banking (75).

This activity placed American banks on a footing similar to their European counterparts. European financial institutions engage in investment banking, advising, and negotiating in mergers and acquisitions activity, and in a variety of other services including securities portfolio management for customers, insurance, the acceptance of foreign bills of exchange, dealing in bullion, and participating in commercial ventures (76).

PART TWO: FNMA [‘FANNIE MAE’] AND FHLMC [‘FREDDIE MAC’]:

PART TWO – A:

THE FEDERAL NATIONAL MORTGAGE ASSOCIATION [FNMA]:
The Federal National Mortgage Association [FNMA] was first organised by the Reconstruction Finance Corporation (RFC) on 10th February 1938 with a capital stock of $10 million, owned by the RFC, and surplus of $1 million under the name National Mortgage Association.

It was rechartered under the Housing Act of 1954, and made a constituent agency of the Housing and Home Finance Agency.

The functions, powers, and duties of the Housing and Home Finance Agency were transferred to the Department of Housing and Urban Development on 9th September 1965. Effective from 1st September 1968, FNMA was now converted into a Government-sponsored private corporation (a Government-Sponsored Enterprise, or GSE) – with respect to its secondary market operations for home mortgages.

Additionally, under the same legislation, the Government National Mortgage Association (GNMA, or ‘Ginnie Mae’), was established to continue other functions, i.e., special assistance functions, management and specified liquidating functions, guarantees of mortgage-backed securities, and participation sales – supervised by the Secretary of Housing and Urban Development (HUD) (77).

On 1st September 1968, FNMA had capital consisting of privately-held common stock worth approximately $140 billion and preferred stock held by the Secretary of the Treasury worth approximately $160 billion. By 30th September 1968, FNMA had retired its preferred stock with proceeds from the sale of subordinated capital debentures, thus becoming an entirely private corporation, although a majority of its board of directors continued to be appointed by the US Secretary of Housing and Urban Development (HUD). Under the 1968 Act, by 1st May 1970, FNMA, with the concurrence of the Secretary of HUD, had resolved that at least one-third of FNMA’s common stock was or would be owned by persons or institutions in the mortgage lending, home building, real estate, or related businesses (78).

However, FNMA continued to operate as a Government-Sponsored Enterprise, being treated as such in the annual Office of Management and Budget documentation, with specific charter accords that made it subject to several possible forms of Federal supervision, although this supervision also provided it with several conspicuous advantages:

(1) The Secretary of the Treasury has the authority, which is entirely discretionary, to purchase obligations of the Federal National Mortgage Association up to a specified amount outstanding at any one time;

(2) The corporation’s common stock and its other securities were to be exempt from registration requirements and other laws administered by the Securities and Exchange Commission (SEC) to the same extent as securities issued or guaranteed by the US Government;

(3) FNMA was made exempt from paying any taxes to any State or local taxing authority except for real property taxes, but it pays full Federal corporate income taxes; and:

(4) The corporation’s obligations were to be issuable and payable via the facilities of the Federal Reserve Banks, which are paid by FNMA for their services (79).

It is to be noted that the FNMA’s notes and debentures (prior to 8th September 2008) were not Federal Government obligations nor are/were they Federally guaranteed by an agency of the Federal Government, even though the Government-Sponsored Enterprises’ operations were routinely incorporated in the annual Office of Management and Budget (OMB) presentations – in recent years, with yawning gaps shown in the summary accounts displayed in the documentation, as re-presented in Figures A and B on pages 16 and 17, to illustrate [refers to our journal: Editor].

However, FNMA obligations were/are guaranteed by an agency of the US Government, and having the Full Faith and Credit of the United States behind them, are mortgage-backed bonds issued by the FNMA guaranteed by the Government National Mortgage Association (80).

PART TWO – B:

THE FEDERAL HOME LOAN MORTGAGE CORPORATION [FHLMC]:
The Federal Home Loan Mortgage Corporation was established on 24th July 1970 under the Federal Home Loan Mortgage Corporation Act [FHLMCA] of the Emergency Home Finance Act of 1970 (12 U.S.C. 1430, Note) (81).

This entity was established for the purpose of strengthening the existing secondary markets in residential mortgages insured by the FEDERAL HOUSING ADMINISTRATION or guaranteed by the Veterans Administration, and assisting in the further development of secondary markets for non-Federally insured or guaranteed residential mortgages (82).

The entity is also authorised to purchase residential mortgages from members of the FEDERAL HOME LOAN BANK SYSTEM as well as other institutions whose deposits or accounts are insured by agencies of the US Government, US Federal Home Loan Banks, and the Federal Savings and Loan Insurance Corporation (83).

FHLMC is empowered to raise funds to purchase the aforementioned mortgages via the issuance of securities in the capital market. When the FHLMC was created in 1970, this process existed only for Government-insured or guaranteed mortgages, and it was expected that encouraging the growth of a secondary market for conventional mortgages would increase the effective supply of residential mortgage financing and make mortgage investments more attractive to markets (84).

In 1972, the FHLMC developed a computerised matrix to assist the underwriting of single-family conventional mortgages; in 1975, it introduced the Guaranteed Mortgage Certificate (GMC) (85).

By 1977, the US secondary market for conventional residential mortgages had matured, and by 1978, the Federal Home Loan Mortgage Corporation had obtained Congressional approval to begin developing a new purchase program for home improvement loans, i.e., adding new rooms, the rehabilitation or improvement of an older home, and/or the installation of energy efficient features (86). Other activities that have been developed in this context include the Renegotiable Rate Mortgage Purchase arrangement, which created a secondary mortgage market, and a purchase program for the Pledged Account Mortgage (PAM) (87).

Under this scheme type, so-called (Mortgage) Participation Certificates (PCs), also known as Pass-Through Securities, are provided in registered form only, having original principal balances of $100,000, $200,000, $500,000, $1,000,000, and $5,000,000.

The FHLMC sells these PCs through a group of securities broker/dealers as well as through the corporation’s own Marketing Department.

Each PC holder collects on the pooled mortgages, including prepayments and interest. The FHLMC guarantees punctual payment of interest and the full payment of principal (88).

Guaranteed Mortgage Certificates (GMCs) represent undivided interests in conventional (non-FHA-insured and non-VA-guaranteed) residential mortgages.

GMCs pay interest semi-annually, and principal once per annum in guaranteed minimum amounts. Any GMC certificate holder may call upon the FHLMC to repurchase the GMC at par (value) in 15, 20, or 25 years after the original date of issuance, depending upon the specific issue (89).

A program of FHLMC Swap transactions was instituted in 1981 to enhance the liquidity position of Federal Savings and the Loan Insurance Corporation-insured Savings and Loan Associations by replacing mortgage loans with guaranteed FHLMC Mortgage Participation Certificates (PCs) (90).

This scheme was to operate as follows:

• A single institution (individual seller swap transaction) or a group of institutions (multiple seller swap transactions) would sell mortgage loans to the FHLMC with an aggregate outstanding principal balance sufficient to meet the FHLMC’s pool formation requirement of $100 million.

• The FHLMC would sell PCs to these institutions backed by the same mortgages.

• The associations would continue to service the mortgage loans and pay a guarantee fee to the FHLMC. The PC rate would be keyed to the lowest coupon rate of the pooled mortgages. Gains or losses on the subsequent sale, purchase, or exchange of PCs emanating from these swap transactions would be accounted for on the books of the insured institutions (91).

The Federal Home Loan Mortgage Corporation remains a corporate instrumentality of the United States, but it is not considered a Federal agency. The FHLMC has historically had been exempt from all Federal, state, and local taxation.

On 18th January 1984, the US Congress repealed its Federal income tax exemption, effective 1st January 1985. However, the securities sold by Freddie Mac continue to be subject to Federal and State taxes (92). FHLMC was, until FY 2009, displayed in the [journal] section of the annual Office of Management and Budget documentation under the heading ‘Government-Sponsored Enterprises’.

PART THREE: THE EMERGENCE OF ‘STRUCTURED PRODUCTS’
So-called ‘Structured Products’ are defined as representing a pre-packaged investment strategy based on derivatives, a basket of securities, options, indices, commodities, debt issuances, foreign currencies, and swaps.

SEC Rule 434 defines structured securities as ‘securities whose cash flow characteristics depend upon one or more indices or that have embedded forwards or options or securities where an investor’s investment return and the issuer’s payment obligations are contingent on, or highly sensitive to, changes in the value of underlying assets, indices, interest rates or cash flows’ (93).

‘Structured Products’ have been described as arising from the ‘needs’ of companies that want to issue debt more cheaply – one method of achieving this objective being to issue a convertible bond. The convertible bond is a debt that, under certain circumstances, can be converted to equity.

Specifically, ‘convertible securities’ are securities, usually preferred shares or else debentures, that may be exchanged for a designated number of shares of another class, usually common shares, called the conversion securities (94).

The ratio between the convertible and conversion securities is fixed at the time the convertible securities are issued, and is usually protected against dilution (95).

This exchange for the potential higher return, providing that the investors are prepared to accept the lower interest rates, could in theory return a greater value to the investor over time.

Investment banks, under the Gramm-Leach-Bliley Act (The Financial Services Modernization Act), chose to append features to the basic convertible bond – such as increased income in exchange for limits on the convertibility of the conversion securities or principal protection.

These extra features were based upon the premise that investors could also use strategies that employed options and other derivatives – in a pre-packaged product. Thus, investors accepted lower interest rates on debt, and purchased new products with higher promised returns via option and derivative features.

• Derivatives are actually contracts that derive their value from the underlying or supporting securities instrument, and offer investment managers and traders numerous risk and return strategies that were traditionally unavailable or too expensive to implement (96).

• Derivative contract instruments involve futures, forward, and option contracts.

• A futures contract is an agreement to buy or sell a specific amount of a commodity or financial instrument at a particular price on a specific future date (97).

• A forward contract is similar to a futures contract, since it is an agreement to buy or sell the future delivery of a valued item at a specified price at a specified date (98).

However, this contract is not standardised and is traded Over-The-Counter (OTC) by direct contact between the buyer and seller, and is not marked to the market (marked-to-market), i.e., there is no interim cash flow between the parties (99).

Additionally, forward contracts embrace credit risk, since either party may default at the contracted time and price due to the lack of a formal exchange to vet the creditworthiness of the parties (100).

An option contract is an agreement which the seller of the option grants the buyer the right to purchase (from, or to sell to), the seller, a designated (security) instrument at a specific price within a specified time frame (101). The seller is referred to as the writer, and the buyer’s payment is referred to as the option price or option premium.

Finally, when the option’s instrument is purchased or else sold, this transaction is referred to as exercising the option, and the price paid at the delivery of the option instrument is the strike price. The right to buy the option is a call option, and the right to sell the option is a put option (102). Options can also be written, or sold, on cash instruments or futures.

Combinations of derivatives and financial instruments create structures that have (had) significant risk/return and/or cost savings profiles.

Thus, ‘Structured Products’ are designed to provide investors with highly targeted investments correlated to their (the investor’s) specific risk profile, given the return requirements and market expectations as analysed by the investment bank.

The financial engineering tricke yields a ‘value’ for the derivative securities – based on combining the ‘underlyings’ (underlying security instrument) like shares, bonds, indices or commodities – with derivatives, to produce the projected values of the options, forwards, and swaps (103).

The process of hedging with futures is a bond or investment bank portfolio manager’s method of counteracting the risk involved in holding long term debt instruments, since derivatives are not disclosed on the balance sheet, due to their short-term nature (104). Swapping futures that have cash-streams gives the appearance of containing any risk of default of the debt instrument.

Moreover the issuers can avoid any SEC disclosure, since these contracts have not been required to be disclosed on their financial statements. For instance, in 1996, Wall Street traded $500 billion in Repos and $200 billion in currency and interest rate swaps every day, without disclosure (105).

• A Mortgage-Backed Certificate (MBC) is a ‘Structured Product’ that is backed by mortgages.

Such MBCs are issued by both the Federal Home Loan Mortgage Corporation, and the Federal National Mortgage Association. Other types of such certificate are guaranteed by the Government National Mortgage Association.

Investors in these instruments receive payments for the interest and principal paid on the underlying mortgages. Until the 7th September 2008, Mortgage-Backed Certificates and the secondary mortgage market was meant to have helped (in theory, at any rate) to keep mortgage money available for home financing purposes (106).

• A Collateralized Debt Obligation (CDO or CBO) is another type of ‘Structured Product’, comprised of investment-grade bonds backed by a pool of variously rated bonds, including junk bonds. CDOs represent different degrees of credit quality, rather than maturities. Underwriters of CDOs package a sizeable and diversified pool of bonds, including high-risk, high-yield junk bonds, which are then separated into TIERS.

Typically, the top tier represents the higher quality collateral (paying the lowest interest rates), the middle tier is backed by riskier bonds (i.e., bonds paying a higher interest rate), and the bottom tier represents the lowest credit quality with no fixed interest rate (paying residual interest payments – that is, money left over after the other tiers have been paid out) (107).

• A Collateralized Mortgage Obligation (CMO) is a mortgage-backed bond that separates mortgage pools into different maturity classes, called tranches.

This type of ‘Structured Product’ applies income from payments and pre-payments of principal and interest from the mortgages in the pool in the order that the CMO pays out. Tranches pay the income stream in different rates of interest with maturities from a few months to 20 years.

CMOs are issued by FREDDIE MAC and other private issuers, and they are backed by Government guarantees or by other top-grade mortgages with AAA ratings. However, if mortgage rates drop sharply, the resulting flood of refinancings of mortgages could cause pre-payments to soar; and in these circumstances, CDO tranches will be repaid before the expected tranche maturity (108).

• Collateralized Debt Obligations Cubed (CDO-CUBED) are so-called special-purpose vehicles or entities with securitised payments in the form of tranches. CDO-CUBED are backed by a pool of Collateralized Debt Obligation Squared (CDO-SQUARED) tranches. CDO-CUBED allow the banks to resell the credit risk that they have taken once again, by repacking their CDO-SQUAREDs (109).

• A CDO-SQUARED is a CDO in which the collateral portfolio or reference portfolio consists of other CDO tranches (110).

• Yet another ‘Structured Product’ is the Credit Default Swap (CDS), an instrument that was first developed in the late 1990s for bonds, loans, and similar instruments related to bank transactions. Within a CDS, one party (the protection buyer) buys protection on the credit or risk of default, and the other party or counter-party is the seller (the protection seller), who sells the credit protection.

The primary ‘benefit’ of the Credit Default Swap is its power as a new source of risk distribution – since it frees up regulatory capital, which facilitates additional business. Payout is linked to a credit event (default) and to the performance of a reference entity (i.e., the underlying obligor), not to a specific bilateral trade transaction. Interestingly, since there is no transfer of ownership of the underlying asset, the CDO tool solution can be cheaper and more flexible than an assignment of the underlying asset (111). These are the formal features of these exotic instruments.

PART FOUR: THE U.S. TREASURY SEIZES FNMA AND FHLMC
On Sunday, 7th September 2008, in the context of the exposures of massive financial fraud and meltdown revealed by this service, the (former) US Treasury Secretary, Mr Henry M. Paulson Jr., announced plans to take control of Fannie Mae (FNMA) and Freddie Mac (FHLMC), to replace the companies’ Chief Executives, and to provide up to $200 billion in capital to restore the enterprises or agencies to ‘financial health’ (112).

Paulson noted that more than $5 trillion of debt and mortgage-backed securities issued by Fannie and Freddie is owned by central banks and other investors worldwide.

He elaborated: ‘Failure of either of them would cause great turmoil in our financial markets here at home and around the globe’ (113).

The seizure transferred directly into the US Government’s hands control of the bulk of the secondary home mortgage market, and assumed direct responsibility for ‘solving the housing crisis’. It marked the total failure of the public-private experiment that was developed to create a robust home ownership environment for Americans, via companies with private shareholders seeking to maximise profits with public oversight and fiduciary responsibility (114).

In its attempt to bolster the US mortgage market, the US Treasury was to buy on the open market at least $5 billion of new mortgage-backed securities issued by Fannie Mae and Freddie Mac (115). Accordingly, this arrangement protects the investments of bondholders, including mutual funds that hold huge amounts of debt issued by both corporations.

The Treasury’s intervention also specifically assisted those investors such as Pacific Investment Management Company, the substantial Newport Beach, CA, bond manager, that had only recently purchased large amounts of mortgage-backed bonds.

Initially, Treasury was to purchase $1 billion of preferred shares in both of the former Government-Sponsored Enterprises. The preferred shares were to yield 10% and were to be senior to those issued earlier – thus giving the Government the first right to receive dividends.

The US Treasury was also to receive warrants that give the Government the right to a 79.9% share for a nominal amount.

The US Treasury further pledged to provide up to $200 billion to the companies so that they may survive despite heavy losses on mortgage defaults (116).

However, existing common shareholders would suffer a dilution of their shares and earnings if the Government exercises its warrants.

The preferred shareholders may fair better, since the Office of Thrift Supervision has stated that roughly 2% of the 829 companies that it regulates have a concentration in common or preferred shares of Fannie Mae or Freddie Mac surpassing 10% of their Tier 1 capital.

Regulators say they will work ‘to develop capital-restoration plans ‘to resolve this issue’’ (117).

The Treasury has imposed Conservatorships on the Federal National Mortgage Association (FNMA) and upon the Federal Home Loan Mortgage Corporation (FHLMC), with control and supervision of day-to-day operations to be provided by the Federal Housing Finance Agency, which is designated as the ‘regulator’ of the two entities.

This required the CEOs of Fannie Mae and Freddie Mac to step down, and the replacement of the firms’ Boards of Directors. Additionally, dividends on common and preferred stock were eliminated at both the enterprises. The entities could increase their guarantee mortgage-backed securities holdings without limits, and could still buy replacement securities for their portfolios (118).

Another aspect of this seizure was that the enterprises/agencies were provided with a back-stop credit facility. Secured loans were to be made available on an ‘as needed’ basis until the end of 2009, to be based on available collateral to match the requested loan. Loans were to be funded directly from the General Fund at the Federal Reserve Bank of New York. Such loans would not be extended with maturities beyond 31st December 2009 (119).

The US Treasury’s scheme limited the size of each of these enterprises’ mortgage portfolios to a maximum of $850 billion as of the end of 2009. Currently, the portfolios own or guarantee about $5.3 trillion in mortgages and related securities.

Effective beyond 2009, the Treasury intends the enterprises’ mortgage holdings to shrink by about 10% a year until each entity reaches $250 billion (120).

CHAPTER TWO:
THE LEGALISATION OF FINANCIAL CORRUPTION: DESCRIPTIONS OF THE RESULTING FINANCIAL FRAUDS AND SCAMS

DERIVATIVE SCAM METHODOLOGY:

MBS-CDO-CDS LOAN ORIGINATION
Loan origination begins with a prospective home buyer and with a valid mortgage seller, i.e., an individual makes an application for a mortgage loan from a mortgage bank. Upon the appropriate financial investigation, the applicant is approved as the mortgage borrower. A mortgage loan is a debt instrument giving conditional ownership of an asset, secured by the asset being financed.

The borrower gives the lender a mortgage in exchange for the right to use the property while the mortgage is in effect, and agrees to make regular payments of principal and interest. The mortgage lien is the lender’s security interest and is recorded in title documents in US public land records (UCC1). A mortgage involves real estate and is a long-term debt, normally 25-30 years (121).

Originally, mortgages were written exclusively as fixed-rate fully amortizing loans, but they have evolve dinto loans that are more flexible. Recent innovations in the packaging of mortgage loans for resale in the Secondary Mortgage Market to investors have helped to create a national market for mortgage lending and a wide variety of synthetic financial instruments (122).

The mortgage issuing bank executes and lodges a UCC1 at the appropriate office of public records in the local court house department (in the United States) as a matter of public information and also legal authority. The mortgage lien (UCC1) is subject to a code of US legislation governing various commercial transactions, including the sale of goods, banking transactions, secured transactions in personal property, and other matters that are designed to bring uniformity to these areas in the legislation of the various states that have adopted the Uniform Commercial Code (123).

The Mortgage Note is a written promise to repay a mortgage loan plus interest. This gives the lender a security interest in the mortgage property. The Mortgage Note is the Promissory Note stating the principal amount due, the rate of interest, and the terms for repayment of the funds advanced. The borrower signing the Note, and any cosigners, are personally liable to repay the debt – and are detailed in the UCC1 (124).

US Federal or private insurance programs that protect mortgage lenders against the default risk generally require mortgage insurance. The mortgage insurance premium is paid by the borrower. Federal insurance coverage is administered by the Federal Home Loan Housing Administration, and private mortgage insurance programs are administered by private insurance companies. Private mortgage insurance is provided by specialised insurance companies (125).

The mortgage banker originates mortgages for resale to investors, and derives income much like a merchant banker – via origination fees and servicing income.

Loans are sold in one or two ways: (a) By private placement of whole loans or pools of loans with a single investor, typically an institutional investor, such as an insurance company; or elee: (b) by issuance of securities that are backed by mortgage loans (126). [Note: The originating and early stages of the process are illustrated in the first chart, Figure One, not shown here].

INSTITUTIONAL ORIGINATION, SALE AND RESALE OF MBS, CDS & CDOs:
In this type of scam [Figure 2 in our printed edition], the investment banker (or firm) acts as the underwriter or agent serving as intermediary between the issuer (the mortgage banker, et al.) of the securities, and the investing public.

• A firm-commitment underwriting occurs when the investment banker, either as manager or participating member of an investment banking syndicate, makes outright purchases of new securities from the issuer and distributes them to dealers and investors – profiting on the spread between the purchase price and the public offering or selling price (127).

• A best effort offering is a conditional arrangement whereby the investment banker markets a new issue without underwriting it, acting as an agent rather than principal and taking a commission for whatever volume of securities the banker succeeds in marketing to parties who may not have performed adequate due diligence.

• Another type of conditional arrangement is referred to as a standby commitment, when the investment banker serves clients issuing new securities by agreeing to purchase for resale any securities not purchased by existing holders of rights (128).

The secondary mortgage market is defined as the buying, selling, and trading of existing mortgage loans and mortgage-backed securities that have been underwritten and packaged for resale – to provide liquidity for the originating lending institution (129). Mortgages originated by the lenders are purchased by Government agencies (namely, the Federal Home Loan Mortgage Corporation and the Federal National Mortgage Association), and by investment bankers, (such as (formerly) Lehman Brothers, and by Goldman Sachs, etc.).

These agencies and bankers, in turn, create pools of mortgages, which they repackage as mortgage-backed securities, called Pass-Through Securities or Participation Certificates, which are then sold to investors. Thus, the secondary mortgage market encompasses all activity beyond the Primary Market, which is between the homebuyers and the originating mortgage lender (130).

• Pass-Through Securities represent pooled debt obligations repackaged as shares, that pass income from debtors through the intermediary, to investors. The most common type of so-called pass-through is a bog standard Mortgage-Backed Certificate, usually Government-guaranteed, where homeowners’ principal and interest payments pass from the originating bank or Savings and Loan through a Government agency or investment bank to investors, net of service charges. Other types of assets marketed via pass-through are auto loans and/or student loans (131).

• Additionally, Participation Certificates represent an interest in a pool of funds or in other instruments, such as a mortgage pool (132).

• The underwriting process of creating a pooled debt obligation is the business of investment bankers, who usually form an underwriting group, (a purchase group or syndicate), to pool the risk and assure ‘successful’ distribution of the issue.

The syndicate operates under an agreement among underwriters. The underwriting group appoints a managing underwriter or lead underwriter, who/which is usually the originating investment bank/ banker that prepares the plan details and the SEC registration material (133).

The underwriting agreement represents the underwriters’ commitment to purchase the securities, and gives details of the public selling price, the underwriting spread, including all discounts and commissions, the net proceeds to the issuer, and the settlement date. The issuer agrees to pay all expenses incurred in preparing the issue for resale, including the costs of registration with the SEC and of the prospectus, and agrees to supply the managing underwriter with sufficient copies of both the preliminary prospectus and the final, statutory prospectus (134).

The issuer guarantees:

(1) To make all required SEC filings and to comply fully
with the provisions of the Securities Act of 1933;

(2) To assume responsibility for the completeness, accuracy,
and proper certification of all information in the registration statement and prospectus;

(3) To disclose all pending litigation;

(4) To use the proceeds for the purposes stated;

(5) To comply with State securities laws;

(6) To work to get listed on the agreed-upon exchange; and

(7) To indemnify the underwriters for liability arising out of omissions
or misrepresentations for which the issuer had responsibility (135).

• Figure 1 on page 25 [of the journal: see Special Chart Note below] provides a flowchart to illustrate how these MBS/CDO/CDS scams are structured and develop, identifying the primary institutions involved. This chart is reproduced exactly as supplied to us by our expert adviser, Michael C. Cottrell, B.A., M.S., with visual enhancement by the Editor of this service.

• Figure 2 on page 27 [of the journal: see Special Chart Note below] ‘zooms’ in on the right-hand component of Figure 1, showing how the institutional resale of the MBS/CDS/CDOs is scammed internationally, showing the underwriting, issuing, selling, and the purchasing of the mortgage-backed securities of FNMA and FHLMC via pooled securitisation.

As noted, prior to 8th September, 2008, FNMA and FHLMC were both Government Sponsored Enterprises (GSEs) which owned or guaranteed approximately 50% of the mortgage market in the United States, aggregating over $5 trillion of outstanding debt and mortgage-backed securities issued by them (136). As publicly traded securities, these GSE-issued mortgage-backed securities were purchased by other mortgage originators, securitised by them, and ‘re-sold’ by them as mortgage-backed securities to other investors (137).

The referenced world-wide institutions shown in Figures 1 and 2 – Goldman Sachs, A.I.G., Lehman Brothers, Morgan Stanley. Citibank. JPMorganChase, Wachovia, Deutsche Bank, Barclays Bank, Bank of England, NatWest [RBS], Coutts [RBS], General Motors, Ford Motor Company and General Electric – purchased, re-packaged, and re-sold the various ‘Structured Products’ under the guise of offsetting the risks of the ‘challenging market environment’, according to numerous financial experts who ventilated on this subject between 2001 and September 2008.

Even after the credit freeze that developed following the measures taken in mid-September 2008 in the United Kingdom which resulted in the placement into ‘lockdown’ of $6.2 trillion of LOAN funds plus $7.8 trillion of sovereign funds for the Settlements (= $14.0 trillion) referenced in our website reports – thereby depriving the carousel of its illegally exploited ‘real’ cash base – there have been innumerable attempts to induce the public to view ‘Structured Products’ in a positive light.

For instance, on 5th November 2008, The Wall Street Journal displayed more than one full page describing the advantages and values of ‘Structured Products’ and why investors should continue to buy them, promoting them as tools to help manage volatility and to protect portfolios (138).

WALL STREET JOURNAL COMMENTS ON ‘STRUCTURED PRODUCT’ TYPES
Regarding the standard types of ‘Structured Products’, the article stated that some use leverage to enhance upside returns and may or may not cap (limit) the upside.

• Absolute Return Notes: Pay returns if the underlying (security) goes up or down but are not traded outside a specific range (139).

• Buffered Return Enhance Notes:
Provide downside protection if the ‘underlyings’ do not breach a preset barrier, while Reverse Convertible Securities pay handsome coupons and the performance upside of a stock; but if the stock breaches a downside price, they will convert into that stock’s shares (140).

There are also Partial- or Fully Principal-Protected Notes, which guarantee that some or all of an investor’s principal will be returned at maturity even if the underlying performs poorly (141).

The Wall Street Journal article elaborated:

‘Issuers of Structured Products are large investment banks or affiliated firms in the United States or around the world. Issuers may craft a structured investment that they believe would appeal to many investors, then sell these so-called ‘off-the-shelf’ investments’ through large, regional or independent broker/dealers, and/or financial planners. An issuer may also customize a single Structured Product tailored to a specific investor’s needs’ (142).

Additionally, the WSJ article concluded that ‘… one important aspect with structured investments is to understand the credit risk in the product, i.e., the risk that an issuer may not be able to honor its obligation to repay investors in the future is a risk inherent in many Structured Products…’ (143).

NEW DERIVATIVE SCAMMING LEGISLATION:
THE EMERGENCY ECONOMIC STABILIZATION ACT OF 2008

Public Law 110-343, also known as The Emergency Economic Stabilization Act of 2008, was signed into law by President Bush Jr. on 3rd October 2008.

Within this act was also enacted the Troubled Assets Relief Program (TARP) which authorised the US Secretary of the Treasury to spend up to $700 billion to purchase distressed assets. The Act stated that its purpose is: ‘To provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and prevent disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes’ (144).

The law authorised the Secretary of the Treasury to draw up to $250 billion for immediate use, and then required the President of the United States to certify when an additional $100 billion of funds are needed. Disbursement of the final $350 billion was subject to Congressional approval (145).

Mr Neel Kashkari was appointed on 6th October 2008, by Treasury Secretary Paulson, as the interim head of the Office of Financial Stability , formed under the legislation, and was tasked to administer the TARP program (146).

The Troubled Assets Relief Program has several administrative units:

(1) A Mortgage-backed Securities Purchase Program – to identify which of the troubled assets should be purchased, and the purchase mechanism to be used;

(2) A Whole Loan Purchase Program – to identify which types of loans should be purchased first from regional banks, and how to value them, since the banks are clogged with whole residential mortgage loans;

(3) An Insurance Program – to establish a viable scheme to insure troubled assets, including mortgage-backed securities and whole loans;

(4) An Equity Purchase Program – to purchase equity in a broad array of financial institutions; and

(5) A Home Ownership Preservation Scheme – to help US homeowners when TARP purchases mortgages and MBS securities, and other ‘Structured Products’ (147).

However, by 12th October 2008, it had become evident that TARP as described to Congress and as administered by the Office of Financial Stability could not be operated in accordance with the legislation and described above.

On 23rd September 2008, Treasury Secretary Paulson had told the US Senate Banking Committee that ‘some said we should just stick capital in the banks, take preferred stock in the banks. That’s what you do when you have failure, this is about success’(148). Mr Paulson also told lawmakers that it made more sense to jumpstart the frozen credit markets (frozen over, due to the MBS-CDS-CDO illiquidity) with ‘market measures’, by which he meant buying up assets rather than institutions (149). Then, within a few days, Mr Henry M. Paulson Jr. confirmed his intention to buy stakes in banks by asserting that: ‘We can use the taxpayer’s money more effectively and efficiently, get more for the taxpayer’s dollar, if we develop a standardized program to buy equity in financial institutions’(150).

The Treasury was the source of the US Federal Government’s plan, under the disreputable Bush II Administration, to buy up to $700 billion worth of illiquid Mortgage-Backed Securities (MBS) with the supposed intent to increase liquidity availability in the secondary mortgage markets and to reduce potential losses by financial institutions owning these securities (151).

TARP was sold to Congress on the basis that the US Treasury would spend the $700 billion on the frozen credit securities in a ‘reverse auction’ whereby financial institutions are invited to compete against each other in offering to sell their mortgage-backed securities at a low price.

Bonds for a single pool of mortgages are divided into more than a dozen tranches, with different seniority, different credit ratings, and different rules for payment.

The performance of the underlying mortgages (‘the underlyings’) varies greatly from one pool to another. It was against this background that Mr William Poole, a retired President of the Federal Reserve Bank of St. Louis, stated: ‘I am not aware that the Treasury Department presented any evidence on auctions that have been successful when they are used for assets that are so heterogeneous’(152).

THE TARP OPERATION AND MR KASHKARI
Within Public Law 110-343, Congress required the formation of a Congressional Oversight Panel to ensure the proper usage and expenditure of the TARP funds. (This development replicated and probably copied Mr Cottrell’s demand for the insertion of an Oversight Panel when it transpired early in 2008 that any transactions involving Leo/Lee Wanta could not be contemplated without such a safeguard – prior to the necessary and unavoidable severance of relations between Mr Cottrell and Wanta, publicised on our website in March 2008 and by this service).

The Interim Assistant Secretary for Financial Stability, Neel Kashkari, submitted an update on 8th December 2008, with respect to the oversight arrangements made for the Troubled Assets Relief Program (153) (TARP). An appointed Oversight Panel Board selected the Federal Reserve Board Chairman, Dr Ben Bernanke, to be Chairman of the Oversight Board. The legislation required the Board to meet once a month, but it met five times in the space of two months, with numerous staff calls between meetings. Additionally, the law required the appointment of a Senate-confirmed Special Inspector General to oversee the program (154).

The legislation also required the Government Accountability Office (GAO: previously the more appropriately named Government Accounting Office) to establish a physical presence inside the US Treasury to monitor the TARP.

The US Treasury duly provided workspace for the auditors within days of the President signing the law, and the Treasury Secretary, Mr Paulson, had his first call with the Acting Comptroller General, Mr Gene Dodaro, on Tuesday 7th October 2008. The Acting Comptroller General and his team met the US Treasury’s team for the first time on Thursday 9th October 2008.

Subsequently, Mr Kashkari participated in multiple briefings with the GAO and the respective staffs met almost daily for ‘program updates’, and to review contracts (155).

The GAO’s very conscientious staff met the Treasury’s team on Saturday 22nd November 2008, before their report was finalised. The GAO’s report provided a review of the TARP programs and progress – essentially a snapshot at the 60-day mark of this large and complex project (156).

The law required the US Treasury to publish a Transaction Report within two business days of completing each transaction. The US Treasury proceeded to publish four transaction reports – on 29th October 2008, 17th November, 25th November, and 26th November 2008 – covering the 54 transactions then competed (157).

The law also required the US Treasury to publish a Tranche Report to Congress within seven days of each $50 billion commitment that has been made.

The comprehensive Tranche Report must provide details on the following:

• The transactions undertaken to date.

• The impact of these transactions on the financial system.

• The challenges that remain to be addressed: plus:

• Additional measures that may be necessary to address those challenges.

The US Treasury published, to begin with, three Tranche Reports – on the 3rd November, 21st November, and 2nd December 2008 (158).

Further, the law required the Treasury to provide a detailed report on the overall program within 60 days of the first exercise of the TARP purchase authority.

That report was submitted to the Congress on 5th December 2008 (159). At this stage, Mr Kashkari stated in public that ‘we must remember that just over half of the money that was allocated to the Capital Purchase Program has been received by the banks’ (160).

On Monday 8th December 2008, the US Senate confirmed New York Prosecutor Neil Barofsky as the Special Inspector General within the Treasury Department who was responsible for auditing TARP. On that self-same day, the US Treasury Department released a statement notifying Congress that it had committed a total of $335 billion to financial-rescue programs since October 2008. This amount left $15 billion remaining in the first tranche of $350 billion approved by Congress (161).

HOW THE LEGISLATION ASSISTED THE FINANCIAL FRAUDSTERS:
THE PAULSON TREASURY’S TARP $700 BILLION PLATFORM SCAM

Figure 3 [of the journal: see Special Chart Note below] illustrates the process of taking the private mortgage, commercial mortgage, credit card loans, and/or any other fungible debt, and via the underwriting group or underwriting trust pool, and turning that debt into a securitised ‘Structured Product’ to be pooled and sold into the global institutional market place.

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

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

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

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

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

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

SEPARATION OF THE ASSET AND THE LEGAL AUTHORITY TO CLAIM THE ASSET
This separation of the asset and the legal authority to claim the asset occurred during the financial securitisation process of pooling, re-pooling, and re-packaging – supposedly (for international public consumption) to spread the risk of default to as many holders as possible – thus furthering the development of the Credit Default Swap derivatives market.

The typical CMO (‘Structured Product’) has ‘A’, ‘B’, ‘C’, and ‘Z’ tranches, representing fast pay, medium pay, and slow pay bonds plus a tranche that bears no coupon but receives cash flow from the collateral remaining after all the other tranches are satisfied (see previous discussion) (162).

More sophisticated CMOs have multiple ‘Z’ tranches and a ‘Y’ tranche incorporating a sinking funds schedule (163).

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

Under the guise of a government ‘bailout’ theme and marketed to Congress and the US general public as being for the purpose of buying the illiquid asset-backed securities, Treasury Secretary Paulson intended to operate TARP as a Trading Platform – that is to say, as an International Hedge Fund benefiting from US Government Guarantees – from within Treasury (behaviour which has hitherto been completely illegal) to purchase, at a higher price than necessary, the CDO, CDS, MBS etc. derivatives from the very entities and banks that have directly contributed to the mass-production and sale of these toxic illiquid ‘Structured Products.

The purpose of this Trading Platform was/is therefore to use public funds to quantify the value of the toxic products, and to overpay the elitist holders, i.e.: the likes of leading Fraudulent Finance specialists, viz: AIG, CITIBANK, GOLDMAN SACHS, CARLYLE CAPITAL, CARLYLE GROUP.

BECAUSE, once the ‘Structured Products’ had been valued, via reverse auction, and purchased, Paulson and his friends would then be able to re-pool and re-package the relevant derivatives via FNMA and FHLMC for re-sale into the demonstrably gullible marketplace, where the phrase ‘due diligence’ appears to be foreign to many operators in the market – thereby repeating the process for as long as possible.

Profits from this Trading Platform could then be transferred to an unknown Master Custodial Account set up within the external international monetary system – such as a receptacle set up for this purpose by President George W. Bush Jr. in Benin, West Africa – without the knowledge of, or any accountability to, the American Taxpayer, the US tax authorities, or anyone else.

CONCLUSION:

Thus, public funds were to be used yet again to generate private accruals, while a massive fraud would be concealed under cover of the necessity of ‘managing’ the illiquidity of the ‘Structured Products’ and regaining credit flow within the international banking system. See the flow charts: Figures 1-3 in the International Currency Review presentation [see Special Chart Notes below]

References and Notes:

General Note: Some use has been made of references captured via Wikipedia, an on-line ‘do-it-yourself’ encyclopaedia. The Editor is not enamoured of these ‘communising’ websites which seek to make information universally available, given that a hidden agenda may apply in some cases. For instance, a certain US platform allows its ‘users’ to upload copyrighted material and then says that it is compliant with US legislation if the illicit upload of the copyrighted material is pointed out to them: in other words, the entity specifically claims that it is not required to perform due diligence and has no duty of care with regard to infringements of copyright belonging to others.

In that case, it is known that the object of the exercise is to steal the copyright material and to drive small publishers out of business. It is the Editor’s specific experience that alteration of errors on Wikipedia has been followed by the restoration of those errors. In the instances noted below, Mr Cottrell has ‘seen through’ Wikipedia to the original sources, which should be referenced should further research be intended.

01. Michael C. Cottrell, ‘Elite Power and Capital Markets’, (Master of Science Thesis, Mercyhurst College, 2001), page 81.
02. Ibid., page 81.
03. Cottrell, ‘Elite Power and Capital Markets’, page 80.
04. Cottrell, ‘Elite Power and Capital Markets’, page 80.
05. Cottrell, ‘Elite Power and Capital Markets’, page 80.
06. Cottrell, ‘Elite Power and Capital Markets’, page 79.
07. Cottrell, ‘Elite Power and Capital Markets’, page 83 (383).
08. Cottrell, ‘Elite Power and Capital Markets’, page 82 (384).
09. Cottrell, ‘Elite Power and Capital Markets’, page 82 (385).
10. Cottrell, ‘Elite Power and Capital Markets’, page 85 (407, 409, 410, 411).
11. Cottrell, ‘Elite Power and Capital Markets’, page 85.
12. Cottrell, ‘Elite Power and Capital Markets’, page 85 (414, 415, 416, 417).
13. Cottrell, ‘Elite Power and Capital Markets’, page 86 (418, 419).
14. Cottrell, ‘Elite Power and Capital Markets’, page 86 (420).
15. Cottrell, ‘Elite Power and Capital Markets’, page 86 (422).
16. Cottrell, ‘Elite Power and Capital Markets’, page 86 (424).
17. Cottrell, ‘Elite Power and Capital Markets’, page 86-87 (425, 426, 427).
18. Ibid., page 81.
19. Federation of American Scientists, ‘BCCI-CAPCOM’, Washington, D.C., 2008,
(available at http://www.fas.org/irp/congress/1992_rpt/bcci/21capcom.htm), Internet, page 2.
20. Ibid., page 2.
21. Ibid., page 2.
22. Cottrell, ‘Elite Power and Capital Markets’, page 87.
23. Cottrell, ‘Elite Power and Capital Markets’, page 87.
24. Ibid., page 87.
25. Ibid., page 87.
26. Cottrell, ‘Elite Power and Capital Markets’, page 88.
27. Ibid., page 88.
28. Bevis Longstreth, Securities and Exchange Commission Commissioner, ‘Open Letter to Bush Task Group on Regulation of Financial Services and Wirth Commission on Capital Markets’, Securities and Exchange Commission, Washington, D.C., 1983, (available for access at: www.sec.gov/new/speech/1983/040883longstreth), page 5.
29. Ibid., page 5.
30. Ibid..
31. Ibid..
32. Ibid., page 6.
33. Ibid..
34. Ibid..
35. Ibid., page 7.
36. Ibid..
37. Ibid., page 9.
38. Ibid., page 10.
39. Ibid., page 12.
40. Ibid., page 13.
41. John S. R. Shad, Chairman, ‘50th Annual Report of U.S. Securities and Exchange Commission for the fiscal year ended September 30, 1984’, U.S. SEC Library, Washington, D.C., 1984, (available at http://www.sec.gov/about/annual_report/1984), Internet, page 42.
42. John S. R. Shad, op. cit.
43. Ibid., page 42.
44. Ibid., page 42.
45. Cottrell, ‘Elite Power and Capital Markets’, page 124.
46. Cottrell, ‘Elite Power and Capital Markets’, page 124.
47. Wikipedia, Dan Brody, ‘The Iron Triangle: Inside the Secret World of the Carlyle Group’, John Wiley & Sons, 2003, ISBN 0-471-281085.
48. Wikipedia, John Mintz, ‘Founder Going Beyond the Carlyle Group.’, The Washington Post, 9th January 1995, F9.
49. Thomas Heath, ‘Pair of Proposals Take Aim at Carlyle Group’, The Washington Post, 15th February 2008, (at http://www.washingtonpost.com/wpdyn/content/article/ 2008/02/14AR2008021403573.html).
50. Wikipedia, ‘Carlyle Group’, (at http://en.wikipedia.org/wiki/Carlyle_Group), page 1.
51. Cottrell, ‘Elite Power and Capital Markets’, page 169 (10, 11, 12, 13).
52. Cottrell, ‘Elite Power and Capital Markets’, page 169 (14, 15, 16, 17, 18, 19, 20, 21, 22).
53. Cottrell, ‘Elite Power and Capital Markets’, page 169.
54. Cottrell, ‘Elite Power and Capital Markets’, page 169.
55. Cottrell, ‘Elite Power and Capital Markets’, page 170 (23, 24).
56. Cottrell, ‘Elite Power and Capital Markets’, page 170 (25).
57. Cottrell, ‘Elite Power and Capital Markets’, page 170.
58. Cottrell, ‘Elite Power and Capital Markets’, page 170 (27, 28, 29).
59. Cottrell, ‘Elite Power and Capital Markets’, page 170 (29, 30).
60. Wikipedia, ‘Enron: Enron Creditors Recovery Corporation’, Wikipedia Foundation, Inc., 2008, (available at http://www.wikipedia.org/enron/enrononline), Internet, page 6.
61. Wikipedia, ‘Enron’, Alex Berenson and Richard A. Oppel, Jr. ‘Once-mighty Enron Strains under Scrutiny’, The New York Times, 28th October 2001, page B1.
62. Wikipedia, ‘Enron’, Richard A. Oppel, Jr. ‘Enron seeks additional financing’, The New York Times, 29th October, 2001, page A8-A9.
63. Ibid., ‘Enron credit rating is cut, and its share price suffers; concern increasing on borrowing capacity’. (Moody’s Investors Service lowers credit rating), The New York Times, 30th October 2001, page C2.
64. Wikipedia, ‘Enron: Enron Creditors Recovery Corporation’, page 9-10.
65. US Government information. ‘Enron: Crouching Profits, Hidden Debt’, Diamar Interactive Corporation, 1996, (available at http://www.about.com), Internet, page 1.
66. Ibid., page 2.
67. Ibid., page 2.
68. Cottrell, ‘Elite Power and Capital Markets’, page 171 (32).
69. US Government Information. ‘Enron: Crouching Profits, Hidden Debt’, page 1: See also Note 65.
70. Cottrell, ‘Elite Power & Capital Markets’, page 134. (162), Richard M. Whiting, ‘Promises Finally Kept: Glass-Steagall Repealed…and More’, The Journal of Lending & Credit Risk Management, [Lexis-Nexis] (Robert Morris Associates/Information Access Company, 2000, accessed 27 December 2001) from:http://www.nexis.com/research; Internet.
71. Ibid..
72. Financial Services Modernization Act, CRA Amendments in the Gramm-Leach-Act,
(available from http://www.banking.senate.gov/conf/grmleach.htm) page 1.
73. Ibid..
74. Cottrell, ‘Elite Power & Capital Markets’, page 134. (166), Congress, Senate, Committee on Banking, Housing, and Urban Affairs. The Gramm-Leach-Bliley Act: Financial Services Modernization. 106th Congress, 1st Session, 24 and 25 February 1999, page 204-205.
75. Cottrell, “‘Elite Power and Capital Markets’, page 134. (167), Richard M. Whiting, ‘Promises Finally Kept: Glass-Steagall Repealed…and More’, The Journal of Lending & Credit Risk Management. [Lexis-Nexis] (Robert Morris Associates/Information Access Company, 2000, accessed 27 December 2001) from http://www.nexis.com/research; Internet.
76. John Downes, A.B., and Jordan Elliot Goodman, A.B., M.A., eds.,
‘Dictionary of Finance and Investment Terms’ s.v. ‘Merchant Bank’.
77. Glenn G. Munn, F.L. Garcia and Charles J. Woelfel, eds., ‘Encyclopedia of Banking & Finance’, 10th Ed., Chicago: Probus Publishing, 1994, (Electronic Portion, Orem: Infobase Press, 1994), s.v. Federal National Mortgage Association.
78. Ibid., page 1.
79. Ibid., page 1.
80. Ibid., p.2.
81. Glenn G. Munn, F.L. Garcia and Charles J. Woelfel, eds., ‘Encyclopedia of Banking & Finance’, 10th Ed., Chicago: Probus Publishing, 1994, (Electronic Portion, Orem: Infobase Press, 1994), s.v. Federal Home Loan Mortgage Corporation
82. Ibid., page 1.
83. Ibid., page 1.
84. Ibid., page 1.
85. Ibid., page 1.
86. Ibid., page 2.
87. Ibid., page 2.
88. Ibid., page 2.
89. Ibid., page 2.
90. Ibid., page 2.
91. Ibid., page 3.
92. Ibid., page 3.
93. Wikipedia, ‘Structured Product’, Securities Exchange Commission, (available at http://sec.gov/division/corpfin/forms/regc.htm#delivery), page 1.
94. Robert W. Hamilton, ‘Corporations’, 4th Ed., St. Paul, Minn.: West Publishing Company, 1997, page 593.
95. Ibid.. page 593.
96. Cottrell, ‘Elite Power and Capital Markets’, page 145. (248) Frank J. Fabozzi with T. Dessa Fabozzi and Irving M. Pollack, ‘The Handbook of Fixed Income Securities‘, 3rd Ed., New York: Richard D. Irwin, Inc., 1991, page 669.
97. Cottrell, ‘Elite Power and Capital Markets’, page 145 (249) Downes, ‘Dictionary of Finance and Investment Terms’, s.v. ‘Futures Contract’.
98. Cottrell, ‘Elite Power and Capital Markets’, page 145-146. (248) Frank J. Fabozzi with T. Dessa Fabozzi and Irving M. Pollack, ‘The Handbook of Fixed Income Securities‘, 3rd Ed., New York: Richard D. Irwin, Inc., 1991, page 670.
99. Cottrell, ‘Elite Power and Capital Markets’, page 146. (248) Frank J. Fabozzi with T. Dessa Fabozzi and Irving M. Pollack,‘The Handbook of Fixed Income Securities‘, 3rd Ed., New York: Richard D. Irwin, Inc., 1991, page 671.
100. Ibid,.
101. Cottrell, ‘Elite Power and Capital Markets’, page 146. (248) Frank J. Fabozzi with T. Dessa Fabozzi and Irving M. Pollack, ‘The Handbook of Fixed Income Securities‘, 3rd Ed., New York: Richard D. Irwin, Inc., 1991, page 670.
102. Cottrell, ‘Elite Power and Capital Markets’, page 146. (248) Frank J. Fabozzi with T. Dessa Fabozzi and Irving M. Pollack, ‘The Handbook of Fixed Income Securities‘, 3rd Ed., New York: Richard D. Irwin, Inc., 1991, page 672.
103. Wikipedia, ‘Structured Product’, page 3.
104. Cottrell, ‘Elite Power and Capital Markets’, page 146. (255) Roger Lowenstein, ‘When Genius Failed: The Rise and Fall of Long-Term Capital Management’, New York: Random House, 2000, page
105. Cottrell, ‘Elite Power and Capital Markets’, page 146. (256) Roger Lowenstein, ‘When Genius Failed: The Rise and Fall of Long-Term Capital Management’, New York: Random House, 2000.
106. Downes, ‘Dictionary of Finance And Investment Terms’, s.v. ‘Mortgage-Backed Certificate’.
107. Downes, ‘Dictionary of Finance And Investment Terms’, s.v. ‘Collateralized Debt Obligations’.
108. Downes, ‘Dictionary of Finance And Investment Terms’, s.v. ‘Collateralized Mortgage Obligations’.
109. ‘Collaterized Debt Obligation Cubed – CDO CUBED’, Investopedia, ULC, 2008.
110. ‘CreditFlux Dictionary’, CreditFlux Ltd., 2008, at http://www.creditflux.com/glossary; Internet.
111. JPMorgan Chase & Co., ‘Credit Default Swaps and Trade: A Useful Tool for Distributing Risk.’, JPMorgan Chase & Co., 2008.
112. James R. Hagerty, Ruth Simon, and Damian Paletta, ‘U.S. Seizes Mortgage Giants’,
The Wall Street Journal, 2008, September 8, 2008, page A1.
113. Ibid., page A15.
114. Ibid., page A15.
115. Ibid., page A15.
116. Ibid., page A15.
117. Ibid., page A15.
118. Ibid., page A15.
119. Ibid., page A15.
120. Ibid., page A15.
121. Thomas Fitch, ‘Dictionary of Banking Terms’, 3rd Edition, Hauppauge: Barron’s Educational Series, Inc., 1997, s.v. ‘Mortgage’.
122. Ibid..
123. Steven H. Gifis, Law Dictionary. 2nd Edition, Hauppauge: Barron’s Educational Series, Inc., 1984, s.v. ‘Uniform Commercial Code’ [UCC].
124. Thomas Fitch, ‘Dictionary of Banking Terms’, s.v. ‘Mortgage Note’.
125. Thomas Fitch, ‘Dictionary of Banking Terms’, s.v. ‘Mortgage Insurance.’.
126. Fitch, ‘Dictionary of Banking Terms’, s.v. ‘Mortgage Banker’.
127. John Downes, A.B., and Jordan Elliot Goodman, A.B., M.A., eds., ‘‘Dictionary of Finance and Investment Terms’, 7th Edition., Hauppauge: Barron’s Educational Series, 2006, s.v. ‘Investment Banker’.
128. Ibid..
129. John Downes, A.B., and Jordan Elliot Goodman, A.B., M.A., eds., ‘Dictionary of Finance and Investment Terms’, s.v. ‘Secondary Mortgage Market’.
130. Ibid..
131. John Downes, A.B., and Jordan Elliot Goodman, A.B., M.A., eds., ‘Dictionary of Finance and Investment Terms’, s.v. ‘Pass-Through Security’.
132. John Downes, A.B., and Jordan Elliot Goodman, A.B., M.A., eds., ‘Dictionary of Finance and Investment Terms’, s.v. ‘Participation Certificate’.
133. John Downes, A.B., and Jordan Elliot Goodman, A.B., M.A., eds., ‘Dictionary of Finance and Investment Terms’, s.v. ‘Underwrite’,
134. John Downes, A.B., and Jordan Elliot Goodman, A.B., M.A., eds., ‘Dictionary of Finance and Investment Terms’, s.v. ‘Underwriting Agreement’.
135. Ibid..
136. Blackrock, ‘Government Takeover of Fannie Mae and Freddie Mac’, Blackrock, Inc., 2008, (available at http://www.blackrock.org), p.1.
137. Ibid..
138. Lori Pizzani, ‘Structured Investment Products, Tools to Help Manage Volatility, Protect Portfolios’,
The Wall Street Journal, November 5, 2008, Dow Jones: New York, 2008, page C11.
139. Ibid..
140. Ibid..
141. Ibid..
142. Ibid..
143. Ibid..
144. Wikipedia, ‘Public Law 110-343’.
145. Wikipedia, ‘Troubled Assets Relief Program’, Summary of the Emergency Economic Stabilization Act of 2008 (http://banking.senate.gov/public/_files/latestversionEESASummary.pdf), United States Senate Committee on Banking, Housing and Urban Affairs, page 1.
146. Deborah Solomon, ‘Regulators Outline Steps to Quell Crisis’, The Wall Street Journal, Dow Jones: New York, October 7, 2008, page A6.
147. Wikipedia, ‘Troubled Assets Relief Program’, http://www.accountability-central.com/single-view-default/article/treasury-update-on-implementation-of-troubled-asset-relief-program-tarp-before-institute-of-intern, Internet, page 1.
148. Edmund L. Andrews and Mark Landler, ‘White House Overhauling Rescue Plan’,
The New York Times, October 12, 2008, http:///www.nytimes.com/2008/10/12/business, Internet, p. 3.
149. Ibid..
150. Ibid..
151. Wikipedia, ‘Emergency Economic Stabilization Act of 2008’, AP Article: ‘Rescue Plan Seeks $700 Billion to Buy Bad Mortgages’, (http://www.nytimes.com/aponline/business/AP-Financial-Meltdown.html) article by The Associated Press in The New York Times September 20, 2008.
152. Ibid., page 4.
153. Herbie Skeete, ‘US Treasury Interim Assistant Secretary For Financial Stability Neel Kashkari Update on The TARP Program’, Mondo Visione Ltd: London, 2008, available at: http://www.mondovisione.com/index.cfm/section=news&;action, page 1.
154. Ibid., page 2.
155. Ibid., page 2.
156. Ibid..
157. Ibid., page 3.
158. Ibid., page 3.
159. Ibid..
160. Ibid., page 4.
161. Maya Jackson Randall and Michael R. Crittenden, ‘Treasury Could Improve Management of TARP’, The Wall Street Journal, December 9, 2008, Dow Jones: New York, 2008, page C4.
162. John Downes, A.B., and Jordan Elliot Goodman, A.B., M.A., eds., ‘Dictionary of Finance and Investment Terms’, s.v. ‘Tranches’.
163. Ibid..

Captions to the charts that appear in International Currency Review Volume 34, Number 2 [March 2009] but are not shown in this website presentation:

Figure 1, page 25 of the journal: MBS-CDO-CDS scam (Fraudulent Finance) flowchart, showing how a single loan triggering one solitary cashflow of mortgage payments is typically leveraged and intermingled with other such origination cashflows into exotic ‘derivatives’ known as ‘Structured Products’ via pools which are sold on to investment banks before being marketed internationally, where the US securities legislation (the 1933 and 1934 Securities Acts) does not apply. There is no precedent for such colossal OFFICIALLY organized fraud.

Figure 2, page 27 of the journal: MBS-CDO-CDS scam (Fraudulent Finance) flowchart: Institutional sale and resale of so-called ‘Structured Products’ that have zero intrinsic value because beyond the originating Mortgage Bank, none of the subsequent parties enjoys prospective access to the single originating stream of funds. As a former Goldman Sachs official, speaking privately, told the Editor of this service: ‘These ‘assets’ are worth what someone is prepared to pay for them’.

Since they have been comprehensively discredited, except among those compartmentalised intermediaries, bankers, intelligence cadres and others who may not yet be ‘up to speed’ (if any such creatures remain, which given developments since September 2008, logic would suggest is unlikely), ‘what someone is prepared to pay for them’ effectively means nothing. As Mr Michael C. Cottrell’s narrative shows, the Paulson Treasury TARP operation had as one of its hidden purposes the injection of ‘value’ into worthless hybrid collectivised ‘assets’.

• Addendum: Of course, this is the PRIMARY OBJECTIVE of both the Geithner TARP deception and its Obama Administration successor schemes.

Figure 3, page 33 of the journal: This chart shows how the routine operations of the Fraudulent Finance ‘Money Machine’ were to be ‘revalidated’ via the Paulson Treasury’s Troubled Assets Relief Program (‘TARP’) enacted within the Emergency Economic Stabilisation Act of 2008, signed into law by President George W. Bush Jr. on 3rd October 2008. Specifically, the diagram exposes the fact that $700 billion of US taxpayers’ funds and new Federal Government debt was in fact to be deployed for the specific benefit of Carlyle, Carlyle Capital, George Bush Sr., James Baker and others, who are responsible for the financial crisis not least by blocking the sole answer: the On-the-books Refunding Program.

• NOTE:
In further work we’ve done on this subject, we have extended these charts to demonstrate that the Geithner TALF Plan is specifically intended for the same purpose: to refund the likes of Carlyle and Carlyle Capital, under cover of purporting to be specifically designed to ‘stimulate’ the economy.

Unlike the private sector Refunding Programme agreed by the Group of Seven financial powers in 2007 and 2008, the Paulson-Geithner ‘solution’ theoretically generates revenue all right (assuming there are any fools out there internationally who will fall for this new generation of officially driven derivatives Ponzi scamming) while perversely and unnecessarily generating colossal mountains of Treasury debt on the other side of the balance sheet of the US Federal Government

In this context, revenues generated from this ‘Legitimised Fraudulent Finance’ will yield, say, 35% in tax accruals – always provided the proceeds are held on-balance sheet, contrary to the practice hitherto of holding the proceeds off-balance sheet in offshore accounts and untaxed (tax evasion); whereas 100% of official debt will have been UNNECESSARILY created in the background: thereby mortgaging the futures of several generations of Americans.

THE WHITE HOUSE/CIA MOTIVE: TO STAY IN CONTROL
The reason that this disastrous Fraudulent Finance approach has been adopted by the Obama Administration is that, by this means, the Government and its corrupted cronies STAY IN CONTROL OF TRADING OPERATIONS WITH NO COMPETITION. That is the motive.

By contrast, the pure way of achieving a sound recovery within the exiting framework without creating ANY NEW DEBT AT ALL, is for the private sector to handle the refunding operation WITH NO GOVERNMENT INVOLVEMENT.

That way, the Government gets to tax 35% of the accrued proceeds of the eight on-balance sheet trades per banking day, thus acquiring NEW MONEY WITH NO DEBT.

The Obama Administration’s decision to pursue the reprobate course represents a wilful refusal to conduct the affairs of the US Treasury in a responsible manner, representing TREASON against the American people and the Republic.

The ‘reason for the Treason’ is that it knows that there is a SOUND WAY TO PROCEED and has deliberately chosen the unsound route for unsound reasons, instead.

Since the Obama Administration’s unsound decision will gravely impair the prospects not only of the American people but of ‘the whole of humanity’, it represents effectively a DECLARATION of FINANCIAL WARFARE ON THE REST OF THE WORLD, WHICH IS TO BE FLOODED WITH ‘TRASHETS’.

‘We will do things OUR way’, even though WE KNOW that what we intend to do is irresponsible, reckless, economically illiterate, and is the financially unsound route to perdition:

AND THE WHITE HOUSE KNOWS IT.

• LATE NEWS: FREEDOM WATCH USA JUMPS ON OUR BANDWAGON
Although we have no brief at all for Larry Klayman, the agitprop group Freedom Watch USA that he runs out of Washington DC has expanded a class action lawsuit filed in US Federal Court in Los Angeles on behalf of shareholders in A.I.G. (American International Group) which has just been amended to include Treasury Secretary Geithner, former Treasury Secretary Henry M. Paulson and the former Chairman of the SEC Christopher Cox.

AIG shareholders have seen the value of their shares collapse by an estimated $214 billion. We must be sharply aware that this lawsuit may, like the lawuits referenced in our preceding report, represent a component of the CIA’s ‘collapsing’ operation, which is now in full gear, whereby all strands of the multi-faceted scandal are ‘collapsed’ into a welter of open-ended litigation, so that the underlying issues become sub judice and nothing ever gets resolved (on purpose). It’s the Bush/DVD CIA’s neat way of hiding their incessant thefts.

However some of the public comments made by this operator echo findings published in our reports, even though of course Klayman cites that Missouri Professor as his inspiration (without mentioning that the Missouri Professor Black ‘may have been’ jolted out of his serial academic daydreams by this service). Samples:

• ‘The American people, not the compromised ruling elite in Washintgon, DC, have begun a second American Revolution to take the country back from the con men on Wall Street and on Pennsylvania Avenue, who under successive Administrations played a central part in the meltdown of the US financial system and economy’.

• ‘The inspiration for this amendment was information disclosed by University of Missouri Professor William K. Black on the Bill Moyers’ Public Broadcasting Service television show last Friday, when he implicated these Government officials in a massive cover-up of the banking scandal, mostly for the benefit of Goldman Sachs, the former employer of both Paulson and Geithner, in which they held a significant financial interest’.

• FOR BACKGROUND, SEE OUR 2006-2007 Wantagate reports concerning Henry ‘Conflict-of-Interest’ M. Paulson Jr..

• ‘As for Cox, his reckless and intentionally impotent oversight at the SEC is the basis of the claim against him’ referenced above.

• ‘Freedom Watch will not rest [GOSH! Ed.] until justice is done and it won’t come from the Obama Administration, bent on deceiving the US taxpayer that it intends to clean up this corruption, all the while lining the pockets of its friends at A.I.G. with the Government bailout money, who gave handsomely to have their President elected’.

Remember, you read all about this HERE months and several years BEFORE these US operatives started getting in on the act. It has now, ALL OF A SUDDEN, since G-20, become ‘acceptable’ to start saying what this service has been proclaiming since 2006.

Nor is it appropriate for us to jump for joy at this development. This is because one of the more insidious techniques used by the Intelligence Power is to ‘take over’ issues, so that they can then be CONTROLLED. And given what we know about the character running this operation (which would sit very uncomfortably for him if published), this is likely to be the intention here. Another clue that this is not an objective operation, is that the sum of money being claimed is not that large, given that trillions of dollars have been systematically looted by these organised criminals who have hijacked the US Federal Government and the banks.

Nevertheless, at this early stage, it is appropriate to note that what you read on this website and in our printed publications first, is now belatedly ‘sort of’ MAINSTREAM.

• Very late in the day, of course, because these ‘professionally concerned’ operatives didn’t have either permission or the guts to expose this corruption earlier. Shame on them.

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.

ADVERTISEMENT: INTERNET SECURITY SOLUTION

NON-U.S. INTERNET SECURITY SOLUTION CD AVAILABLE: FAR BETTER THAN NORTON ETC
It has now been established that the National Security Agency (NSA) works with/controls Microsoft, Norton, McAfee, and others, in pursuit of the Pentagon’s vast BIG BROTHER objective, directed from the ‘highest’ levels (not the levels usually referred to) which seek to have every computer in the world talk direct to the Pentagon or to NSA’s master computers.

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

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

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

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

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

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

*VISTA: Virtual Instant Surveillance Tactical Application.

QUEEN’S $52 BILLION STOLEN UNDER OBAMA’S REGIME

WHITE HOUSE ATTEMPTS TO GET US TO BLAME PREVIOUS ADMINISTRATION

Monday 9 March 2009 16:00

QUEEN’S FUNDS WITHDRAWN ON 29TH JANUARY 2009 AFTER OBAMA CAME TO OFFICE

SO THE $52 BILLION OF HMQ’S MONEY (‘GUARANTEES’) WERE STOLEN UNDER OBAMA

A SCANDAL THEY HOPED COULD BE DEFLECTED AWAY FROM THE NEW WHITE HOUSE

WHY THE VIBES BETWEEN OBAMA AND BROWN DURING BROWN’S DC VISIT WERE SO BAD

• VERY IMPORTANT UPDATES APPENDED AT 3:00AM 10TH MARCH 2009
ARE LOCATED AT THE FOOT OF THIS REPORT ABOVE THE LEGAL REMINDERS

•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:

QUEEN’S FUNDS WITHDRAWN ON 29TH JANUARY 2009 AFTER OBAMA CAME TO OFFICE
It will be recalled that we have reported that the $14.0 trillion of real cash-cash funds, the only ‘real’ and clean money in the system, had to be withdrawn from access by US authorities altogether and that the withdrawal of these funds occurred on 29th January 2009.

This fact, which we had already reported, was confirmed to the Editor of this service on 3rd March 2009 by a British intelligence source.

The $14.0 trillion had consisted of the $6.2 trillion made available by Her Majesty the Queen, with a proportion owned by Prince Al-Aweed Al-Talal of Saudi Arabia, via the Bank of England on 19th-20th June 2007, to Bank of New York Mellon for use as the basis for the Group of Seven (G-7)-approved Refunding Programme of transparent, fully taxed private sector Capital Markets trading operations to reliquefy the delinquent banks ON THE BOOKS, and that the $6.2 trillion cash represented LOAN funds which had nothing whatsoever to do with any other funds referenced in earlier reports.

It will also be recalled that we have reported that the $6.2 trillion languished for 19 months within the Custodial Account system under Paulson US Treasury control within US money center banks, and was not used for the purpose for which it was intended, but was corruptly redeployed instead to generate illicit funds for the corrupt banker’s ramp carousel and for the enrichment of holders of the highest offices in the United States and their corrupt attorneys, intermediaries and others.

In our posting dated 5th March 2009, we reported that prior to the $14.0 trillion (incorporating the $6.2 trillion) being repatriated, an amount of $50 billion of The Queen’s funds had allegedly been stolen. We included the word ‘allegedly’, although we KNEW that $52 billion HAD been STOLEN.

Moreover as reported, the $6.2 trillion plus the Chinese segments aggregating $7.8 trillion were removed from any possibility of being accessed by US parties on 29th January 2009, namely just over a week AFTER President Barack Obama entered the White House.

MANIFESTLY, if there had been a problem of theft PRIOR TO OBAMA COMING TO OFFICE, the funds would have been removed from access by the corrupt US authorities BEFORE Mr Barack Hussein Obama entered the White House, wouldn’t they?

• The British authorities concerned wouldn’t have wanted to cause the incoming Obama Administration embarassment by removing the funds after the Inauguration.

• Diplomacy, and all that.

• INSTEAD OF WHICH the funds were removed from access AFTER the Inauguration.

SO THE $52 BILLION OF HMQ’S MONEY (‘GUARANTEES’) WERE STOLEN UNDER OBAMA
From which it is A CERTAINTY that the $52 billion that were STOLEN from The Queen’s LOAN funds were sliced AFTER OBAMA ENTERED THE WHITE HOUSE, AND NOT BEFORE.

• FACT: Therefore, the theft occurred under President Obama and NOT under his predecessor.

Which must be a FACT that the White House would prefer that we hadn’t UNDERSTOOD.

• Next point:

On Friday 6th March 2009, between approximately 8:19 EST and 8:20 EST, Michael C. Cottrell, B.A., M.S., the US securities expert, received a telephone call from a Gold Badge who advised him that
a ‘clarification’ was ‘necessary’ regarding ‘the $50 billion of The Queen’s money allegedly stolen prior to repatriation’ (citing the Editor’s language used in the report dated 5th March 2009).

The ‘clarification’ that he wanted made (should the Editor so agree to it, at his sole discretion) was that this text should be amended to read:

‘$52 billion of guarantees by The Queen’ and that no cash was stolen.

HOWEVER, a signed guarantee is a signed guarantee, and one issued by a Head of State is better than CASH, don’t you know. So, what we have now found out is as follows:

• US authorities UNDER OBAMA ADMIT that value of $52 billion belonging to The Queen was STOLEN, thereby acknowledging the accuracy of our report to this effect dated 5th March 2009.

• Stealing guarantees means that The Queen’s guarantees, if they were stolen rather than actual cash, were stolen BECAUSE THEY WERE TO BE USED FOR PURPOSES OTHER THAN THOSE THAT WERE INTENDED BY THE GUARANTOR. This is A GROSS ACT OF ECONOMIC WARFARE.

NO WONDER THAT THE VIBES BETWEEN OBAMA AND BROWN DURING HIS RECENT VISIT TO WASHINGTON WERE SO BAD. NO WONDER COMPLICIT VICE PRESIDENT BIDEN LOOKED LIKE A SOUR JACKASS AS HE SAT WITH A SIMILAR BLANK EXPRESSION TO CHENEY BEHIND THE BRITISH PRIME MINISTER AS HE DELIVERED HIS PRAISE FOR THE VERY CROOKS WHO HAVE STOLEN FROM THE QUEEN AND ARE CONTINUING TO RAPE AND PILLAGE THEIR FELLOW AMERICANS AND THE REST OF THE WORLD UNDER BARACK HUSSEIN OBAMA ‘AS WE SPEAK’.

• If it is the case that guarantees rather than cash were stolen, then we suggest that the publicity we have given and are giving to this matter must, by definition, render the illegal and corrupt use of those guarantees for duplicitous, illicit purposes UNDER THE B. OBAMA REGIME impossible now, since every Government and every bank in the world will be appraised of this latest instance of official corruption at the highest level of the US Government, under President Obama as under his predecessors, just as soon as this report has been posted.

• BUT IF the guarantees have already been deployed, those parties thereto will have become co-conspirators in this de facto Act of US Economic Warfare against the United Kingdom committed under the Obama Administration and should immediately UNWIND THE TRANSACTIONS and/or the relationships involved, or face the consequences.

THE EDITOR MAKES HIS OWN ‘CLARIFICATION’
Finally, the Editor would like to make the following further ‘clarification’:

• Pressure has been exerted from the White House on the Editor of this service to post certain information (in our possession), the overall effect of which would be to serve the Obama White House’s interest in focusing the entire blame for specific thefts and fraud, and generally for the ongoing, unresolved financial chaos, on the corrupt predecessor Administration, and away from the present US Government and White House.

• The Editor was not born yesterday, although yesterday was in fact his birthday.

• If it was all the Bush II Administration’s fault, why then was the US Dollar Refunding not at once implemented as agreed by the G-7 Financial powers in 2007 and 2008, why have the Settlements been sabotaged SO FAR, as under the despicable George Bush regime, and why was $52 BILLION OF THE QUEEN’S MONEY STOLEN, and why this nit-picking differentiation between $52 billion cash and $52 billion of guarantees by a Head of State?

• Is it seriously suggested that stealing $52 billion of guarantees by a HEAD OF STATE is a LESSER CRIME than stealing $52 billion in cash?

But thanks anyway to the Gold Badge for confirming the theft, which took place UNDER OBAMA AND NOT BEFORE HE ENTERED THE WHITE HOUSE.

• Thought you’d all appreciate this ‘clarification’.

• UPDATES APPENDED AT 3:OOAM UK TIME 1OTH MARCH 2009:

(1) We have been advised that the matter of the $52 billion of The Queen’s ‘guarantees’ has now been ‘rectified’ by or on the instructions of President Obama. This BEGS THE QUESTION of why they were ‘removed’ in the first place: AND WE KNOW THAT THEY WERE MISSING WHEN THE LOAN FUNDS WERE WITHDRAWN, as this information was provided inter alia by a Gold Badge source, and it has now been separately confirmed that the $52 billion of ‘guarantees’ were indeed ‘restored’. (Clearly if they have been ‘restored’, that is because they were previously missing).

• So, WHEN were the $52 billion ‘restored’, exactly?

AFTER the appearance of the present report, which rendered the ‘guarantees’ USELESS when corruptly applied for a purpose for which they were not intended, by any chance?

(2) We have not published certain other detailed information supplied to us, for the reason set out above, namely that it focuses attention on certain criminal acts under the Bush II regime, whereas the crisis the world faces is being experienced UNDER PRESIDENT OBAMA and Vice President Joe Biden, who have the power to resolve matters but have conspicuously failed, so far, to do so.

We are not satisfied that the information that certain forces want us to publish has been proffered for straightforward reasons, and until such time as this is clarified to our satisfaction, the Editor exercises his prerogative not to publish the information [see above].

(3) Nor is this White House enforcing the Rule of Law.

• For instance, the Clintons are reported to have been able to REMOVE all their ill-gotten money from Citibank. Excu…se us? Those funds were FROZEN when the Provost Marshal was replaced by a new Provost Marshal way back, remember?

• So we suspect that Clinton’s gopher, Robert Rubin, has procured the removal of the Clinton funds from Citibank and that he did this before he himself left the institution.

• If this is correct, then the new White House has allowed a disgracefully corrupt state of affairs to remain unaddressed, and THAT IS NOT GOOD ENOUGH AND IS NOT CONSISTENT WITH PLEAS THAT WE HEAR TO THE EFFECT THAT PRESIDENT OBAMA IS A ‘WHITE HAT’.

• On the evidence to date, his hat is getting rather dirty, and the dirt comes off the hands of the scumbags in his entourage.

(4) We are advised that the oft-braceleted Dr Alan ‘Greenspan was flung into jail yesterday, and that a sensitive meeting took place on Monday to ‘decide his fate’. One is tempted to ask why on earth it is necessary to hold a meeting to decide whether this crook has now committed enough crimes to warrant APPLICATION OF THE RULE OF LAW: or could it be that he holds so much dirt on those who are trying to decide what to do with him, that they are prepared to go on fiddling while the whole international financial system collapses, stupid fools, around their ears?

(5) After propaganda all weekend to the effect that the Settlements were on track for progress and implementation on 9th March, NOTHING HAPPENED, even though Citibank had been advised that if the payments were not effected as required on 9th March, Citibank will be subjected to a straight FDIC takeover (which was supposed to happen overnight: we’ll see).

(7) The Editor has detailed information on the Stanford dimension of the crisis, plus the open domain intelligence on Vice President Biden’s involvement, and this report takes precedence, although there is still some work left to do on it (on top of the Editor’s other publishing work).

• FACT: Stanford, from Houston, TX, took over where Noriega left off, as a primary Ponzi scheme operative working with/for the Bushes. DVD drug-running operative Carlos Lehder ‘testified’ in Noriega’s trial (although his testimony was a rant and was superfluous to requirements), and was the source of the $40 million procured by a Bush Sr. Attorney to pay off key political structures in 2000 when the election was being stolen, and to silence the law enforcement, plus the legal and penitentiary personnel, when Lehder, in exchange, was whisked from long-term incarceration and extradited to GERMANY. Naturlich. Our sources reported that the political structures in question recieved $32 million and the corrupted personnel $8 million, on that happy and lucrative occasion.

• SWINDLER’S LIST UPDATE: Sherman Oaks-based mortgage banker Bruce Friedman, whose
Friedman Charitable Foundation committed $10 million to the Children’s Museum of Los Angeles and $1 million to Brandon’s Village, a special-needs park in Calabasas, has been indicted on
securities fraud charges by the Securities and Exchange Commission [9th March 2009].

The SEC alleges that Friedman, along with his two companies, Diversified Lending Group (DLG) and Applied Equities, Inc. (AEI), perpetrated a $216 million real estate investment fraud scheme, raising money from investors nationwide, many of whom are seniors, promising guaranteed high returns via real estate investments. Another PONZI FRAUD bites the dust.

The SEC complaint alleges that Friedman diverted substantial investor money to ventures that were unrelated to real estate, and misappropriated at least $17 million to support his hyperlavish lifestyle, including purchases of a luxury home, cars, vacations, jewellery, and designer clothing for himself and a female of his acquaintance. The SEC has frozen DLG’s, AEI’s and Friedman’s assets.

OK, small fry compared with Madoff, Stanford, the Bushes, the Clintons, Dr Alan ‘god’ Greenspoon, and all the other notorious criminals that we have to report about. But shoals of ‘little fish’ like this sheister are cruising for the appropriate bruising, and it’ll continue like this for YEARS AND YEARS.

Mopping up the lesser sheisters makes US law enforcement, after years of neglect, both look good and feel good about itself: whereas, what is actually happening is that most Americans are asking with extreme impatience, now: WHY ARE THE GIGA-CROOKS WALKING, when they should all have been arrested and decapitated BEFORE THIS PREDICTED CRISIS RAN OUT OF CONTROL?

• The sordid answer which is being SUPPRESSED is this: ‘BECAUSE WE WANT TO BE PAID, TOO’.

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.

CATASTROPHIC BANKERS’ RAMP TO CONTINUE UNDER OBAMA

SMALL PROBLEM: THE MARKET AND THE WORLD AREN’T BUYING IT

Sunday 15 February 2009 04:00

UPDATE 25th February: Note from the Editor: Would the party who emailed me last year with outline details of $25,000 that Wanta accepted from him and never repaid, please email the Editor as soon as possible, with ‘further and better particulars’? We do have the original email, but it is in another location, and the Editor could usefully apply this information now: cstory@worldreports.org.

See new update for 23rd February: ‘EU ELITE FEASTS WHILE THE WORLD CRUMBLES’ below…

See new update for 20th February: ‘STANFORD TOOK OVER FROM NORIEGA’, below this update…

IF THE BLIND LEAD THE BLIND, BOTH SHALL FALL INTO THE DITCH (1)

• UPDATE 19TH FEBRUARY 2009:
AND LO! THEY ARE FALLING INTO THE DITCH ‘AS WE SPEAK’:
Specifically, on 18th February, the cost of insuring a $10 million US Treasury instrument for a five-year maturity reached $90,000. On 19th February, the cost had risen to $93,000! In a normal market, the cost should not exceed $10,000, at the most.

• SO, the more they write, the more junk the US Treasury creates, the higher the price. It’s been doing this more or less constantly since Obama took office, by the way.

This data, publicised by CNBC and derived from CME ‘pit’ sources, tells you that the market is 100% in agreement with the assessment elaborated upon below. Confidence in US Treasury instruments is collapsing, as a consequence of the fact that not all financial market participants and observers are as mentally deficient as the corrupt technicians who are taking Barack Obama and the United States’ financial economy to the cleaners.

What they thought they could get away with is a giga-TARP operation, involving circular financing which only delivers vast mountains of new garbage Treasury debt in the background: and we are talking about TRILLIONS here. We therefore CONFIRM that the disastrous course adopted by the financial sorcerers surrounding President Obama WILL lead this Adminstration, the US dollar and the US and world financial economies into a BRICK WALL, and that the deterioration of which the above-mentioned price is a potent symptom will be RAPID, taking the whole world by surprise.

When this materialises, kindly remember the following, would you? The catastrophe is specifically and EXCLUSIVELY a consequence of the determination of these Fraudulent Finance specialists to CONTINUE with their exotic, illicit financial Ponzi operations, LONG AFTER THE REST OF THE WORLD HAS SEEN RIGHT THROUGH THEIR DUPLICITY. So, fasten your seatbelts: these US idiots made their choice, hoping to cover up their complicity in the Banker’s Ramp. Now they will finally discover that by wilfully refusing to ‘go straight’ with on-the-books financing as agreed ages ago by the Group of Seven, they will reap the whirlwind. And so, unfortunately, will the Rest of Us.

THE BLIND FOOLS HAVE BROUGHT THIS PREDICTED CATASTROPHE UPON THEMSELVES

• UPDATE, 20TH FEBRUARY 2009: STANFORD TOOK OVER FROM NORIEGA:
In extensive coverage of the Stanford scandal today, The Daily Telegraph states: ‘As ‘Sir’ Allen’s financial empire unravelled, depositors across the Caribbean and South America besieged banks that he controlled in Antigua, Venezuela, Ecuador, Colombia, Peru and Panama’: which HAPPEN of course to be the primary locations of the Bush-CIA drug empire. On making further enquiries, the Editor has just been informed that quote ‘Stanford took over from Noriega’ unquote.

Stanford’s offices in Houston are in the Galleria complex where Carlyle’s offices are located.

And WHERE was Stanford ‘picked up’? Uh, in Fredericksburg, Virginia, deep inside intelligence communitysville. Who would want to GO THERE when ostensibly on the run from law enforcement?

Only a high-level drug-running Central Intelligence Agency operative in trouble who needed to be debriefed in a hurry and told what steps to take to PROTECT THE AGENCY from exposure, right?

On 1st November 2008, according to Mr Wayne Madsen’s service, the Spanish news agency EFE reported that Venezuelan military intelligence operatives raided Stanford International Bank in Caracas and investigated three Stanford Bank employees at the Venezuela branch believed to be US drug-running intelligence agents. The press is also reporting an extremely unfortunate photo of Stanford and Barack Obama ‘in happier times’.

So you see, folks (to coin a phrase), it’s not simply all about the money, it’s ALL ABOUT THE CIA MONEY: THE COLOSSAL DRUG-TRAFFICKING AND FRAUDULENT FINANCE CRIMINAL PONZI NEXUS upon which the power to control the US Government USURPED by the CIA rests.

• The CIA is IN CONTROL, OUT OF CONTROL, and needs to be BROUGHT UNDER CONTROL, which is not about to happen under Leon Panetta, who ‘ran the money’, didn’t he, under Clinton. And this, in turn, is WHY the financial sorcerers in the White House and the Treasury are risking a catastrophic collapse: because they defer NOT to the US President, but rather to the reprobate, arrogant, ruthless Intelligence Power that CONTROLS the President, and which has USURPED the Presidency given its power as the ‘State within the State’ (operating from the George Bush Center for Terrorism), acquired by financial corruption and its allegiance to the DVD’s George Bush Sr..

• All of which brings to mind our letter to the British Ministry of Defence some months ago, in which we asked: WHAT ARE WE DOING IN AFGHANISTAN? And to which, as subsequently reported, the Editor received NO REPLY. The lack of response reflected the fact that the MOD knew that any response would be displayed on our website: so, rather than LIE TO US, they didn’t respond at all.

Today, The Daily Telegraph carries an op-ed article ASKING THE SAME QUESTION. The article begins as follows: ‘ALTHOUGH IT HAS YET TO COME CLEAN ON THE ISSUE, the Government believes that our commitment in Afghanistan will last for generations. Our Ambassador to Kabul blithely mentioned us being there for “30 years”. BUT WHAT ARE WE THERE FOR?’

The author, Michael Burleigh, doesn’t say. He thinks we are ‘chasing phantoms’. WE SAY:

• NO, WE’RE NOT, SIR. WE’RE CLAIMING AND GRABBING CONTROL OF THE DRUG TRADE. That’s why the idiot Brit in Kabul says we’ll be there for 30 years. Because that’s how long they think it’s going to take to ELIMINATE THE OPPOSITION.

• By its cowardly non-response to the Editor’s straightforward question (which it can rectify at any time, to ‘correct’ any ‘misapprehensions’ we may have), the Ministry of Defence has confirmed by its default, that it is a criminal enforcement organisation.

• Like the Central Intelligence Agency and the US military.

IN OTHER WORDS, the British Government SUPPORTS THE CIA, which means that it is perfectly content that this revolutionary US ‘State within the State’ controls the US Government, which by extension means that the British Government is a co-conspirator in the entire range of scandals.

So the ‘Special Relationship’ has decayed to the point at which it serves exclusively the interest of a vast, unfettered criminal enterprise which knows no bounds to its abuse of power. And treads all over the British at every possible opportunity, by the way. Indeed it treats the Brits with disdain.

In any rational environment, that would be cause enough for a comprehensive suspension of these intelligence relations until such time as the Americans get round to cleaning up their act.

• UPDATE 23RD FEBRUARY: EU ELITE FEASTS WHILE THE WORLD CRUMBLES
We are not commenting quite yet on familiar financial issues we have been asked to comment on, because (a) certain information we hold has to be held back due to ongoing geopolitical ‘real-time’ considerations and (b) because other information is not yet ‘hard’ enough to be used. So, instead, you may be interested in the following description of filthy EU pigs with their stinking snouts in the feeding trough that appeared in an article in Murdoch’s Sunday Times, even, on 22nd February:

‘The past few months have been an interesting time to be working in Brussels’.

‘Outside, in the real world, reputable banks crumbled to dust, shares went into a nosedive, big companies became close to worthless, hundreds of thousands lost their jobs and millions feared the worst. Inside the Eurobubble, you’d hardly have known. The elite continued to go to champagne
receptions in the evenings before eating in highly-rated restaurants at taxpayers’ expense’.

‘They continued to flit from city to city to attend meetings; continued to fly around the world on fact-finding missions; and continued to think up ever more rules and regulations to help organise the
lives of the European Union’s 500 million citizens’.

Our only further comment would be that had the Editor written this, the language would have been, as the erstwhile Carlyle employee John Major used to say, ‘not inconsiderably’ fruitier.

‘STRUCTURED PRODUCTS’: TOXIC INVENTION OF A MASSIVE BANKERS’ RAMP

REVALIDATING AND FALSELY REVALUING WORTHLESS ASSETS

ROOT CAUSE OF THE GLOBAL CRISIS: THE CIA FUNDS ITSELF BY FRAUD

RECENT DEVELOPMENTS: THE DUBAI THEFT • GREENSPAN’S INDICTMENT

PUFFING UP FLAWED POLICIES GUARANTEED TO FAIL

THE SOLUTION

WHY THE SOLUTION IS BEING BLOCKED, AND WHO IS BLOCKING IT

FRIGHTENED HEDGE FUND OPERATIVES MEET AT GOLDMAN SACHS

COALITION OF PARTIES BLOCKING THE REFUNDING

ANATOMY OF MBS-CDO-CDS FRAUDULENT FINANCE OPERATIONS

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

THE DIAGRAMS TO BE PUBLISHED WITH OUR PAPER

FAT CAT BRITISH BANKERS SO SORRY THEY LOST THEIR OWN MONEY

BARCLAYS BANK’S FALSE BALANCE SHEET

WHY WE WERE TOLD TO ‘COOL IT’ ON CRITICISING BANKERS

A COUPLE OF PERTINENT ‘PERISH THE THOUGHTS!’

SNAPSHOTS OF PONZI CRISIS FALLOUT IN BRITAIN AND EUROPE

EUROPEAN COMMISSION’S DELUSIONS ABOUT ‘ASSET RELIEF’

SWISS RE SCRAPS ITS DERIVATIVES OPERATION COMPLETELY

WORST PROSPECTS FOR BRITAIN SINCE 1931

GOVERNMENTS UNABLE TO HANDLE HUGE INSTITUTIONAL COLLAPSES

MADOFF UPDATES

OUR SUSPICION OF A STITCH-UP IS SUPPORTED BY ANOTHER SOURCE

CRUDE CIA BLACKMAIL THREAT AGAINST MI-6

IN MEMORIAM

REACTIONS TO OUR REVELATION CONCERNING MICHAEL C. COTTRELL, B.A., M.S.

THE LIBELLOUS ATTACK ON MICHAEL C. COTTRELL, B.A., M.S.

THE EDITOR’S INTERIM STATEMENT

MICHAEL C. COTTRELL’S SWORN AFFIDAVIT IN RESPONSE TO THE ATTACK

• Attack on the Editor by Heneghan following this posting:
This operative has now dispensed libel in the Editor’s direction, a somewhat foolish move as it is plainly now open to the Editor to take action against him for libel in the English Court. Readers can of course judge for themselves whether an operative who loses no opportunity to excoriate Mrs Clinton yet at the same time contributes to the Hillary Clinton for President political campaign, is someone in whom trust can be placed when assessing the veracity of his so-called ‘intelligence’. And by the way, the Editor is not an intelligence ‘asset’: ‘liability’ would clearly be more accurate!

We have no information to suggest that this reckless operative has seen fit to retract his earlier libels against Michael C. Cottrell, B.A., M.S., and Colonel Dana Wilcox, and likewise no overtures have been forthcoming from this fellow to retract his libels and fabrications against the Editor of this service. Presumably he assumes that he is somehow protected from the consequences of his rash behaviour. According to what we hear, we strongly doubt that this can be the case. Since we have been ‘asked to comment’ on Heneghan’s libels against the Editor, here is our comment: they are libels, see? What he has stated concerning the Editor represents febrile fabricated gibberish.

The Editor has been asked to point out that anyone ‘out there’ who wants to know more about the background to these ignorant rants, and why they are doing them, should get directly in touch with Michael C. Cottrell, B.A., M.S., at his phone number 814-455 9218. Calls will only be accepted from parties who reveal their full identity. Spooks and others who hide their identities because they are scared of being exposed by us, will naturally not be inclined to make such a telephone call.

• Greenspan update: Enquiries by the Editor have CONFIRMED that that Dr Alan Greenspan WAS arrested the week before last, and we know precisely WHO performed the arrest. This being the case, it is reasonable to ask why this crook has been allowed to remain in circulation, delivering a speech, for instance, to dummies attending the Economic Club of New York on 17th February.

The answer appears to be that the 45-page indictment has NOT been withdrawn, that he HAS been arrested, and for all we know he may be walking around with an electronic tag on his right foot.

As these reports inter alia have established, there is one rule for crooks operating at the highest levels, and another for subsidiary crooks, such as the Bush laundryman ‘Sir’ Allen Stanford, who tried to escape from the United States on the 18th February but was frustrated when the private jet firm hired to fly him to Antigua, refused his dodgy card. The Stanford unravelfest is of course just another dimension of the spasms of violent implosions arising from the exposures of this hive of Fraudulent Finance – which has completely destabilised all governments, central banks and their advisers, who have responded with chaotic, uncoordinated, pointless, knee-jerk ‘do-something’ policy changes, such as reducing interest rates to close to zero, and thereby effectively deleting the financial sector from the equation: which is why Greenspoon is now ‘calling for’ nationalisation of all banks. Not only is he himself specifically responsible for the crisis, but central government control of banks = Communism, which places ALL assets in the hands of guess who: THE CROOKS.

Zero rates WORSEN the prospective plight of the banks, as depositors seek actively to improve returns, thus threatening the finances of the banks which were corrupted by the Bush-Greenspan derivatives Ponzi operations. We will be deconstructing some of these flailing responses later.

•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.

• 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.

• Please Make a Donation to help finance Christopher Story‘s ongoing global financial corruption investigations, which have turned the whole world upside down and have exposed the corruption which was intended to enable the geocriminalist syndicate to seize the wealth of the entire world. These people have finally been more or less completely stopped in their tracks as a consequence of these exposures. Your assistance will be sincerely appreciated and will make a real difference, hastening the OVERDUE resolution of the worst financial corruption and linked financial fallout in world history. The Editor’s $35,000 Wanta bail-out money was not repaid and so has been stolen. It will be collected in due course and the thief will be appropriately dealt with, having so far taken no steps at all to repay the Editor’s loan funds, which should have been remitted on 11th June 2007.

• See the second white panel for details of our latest distributed intelligence publications.

• Subscriptions by serious observers and analysts to our services may be placed via this website.

NEW REPORT STARTS HERE:

INTRODUCTION
We can now complete the metaphor that we held in suspense following the American Presidential Election. After hovering in mid-air trying to decide whether to fall headlong into the fire or not, the CIA-controlled US Federal Government under President Obama has fallen face-first into the (Ring of) Fire, and is in the process of being consumed in the flames.

The flames are fanned by a lethally explosive incendiary device called a Banker’s Ramp.

Instead of accepting that the products of the Bankers’ Ramp – so-called derivative ‘Structured Products’ – are without instrinsic value, the fools and co-conspirators in the US Treasury and at the Federal Reserve under Bernanke thought they could con the world, as Mr Paulson tried to do, into believing that these worthless fraudulent assets could be repackaged with an insurance wrap, and thereby converted from trash status with no recourse to the underlying flow of real cash-cash, into value-laden assets of tangible value. Which is impossible. Natch, this latest marketing ploy failed even as it was being tentatively launched.

For unsurprisingly, Treasury Secretary Geithner’s revamped version of the duplicitous H. Paulson TARP scheme, the purpose of which was to refinance Carlyle, Carlyle Capital, George H. W. Bush Sr. and other notorious Fraudulent Finance parties [see below], was given an immediate thumbs-down by the financial markets on 10th February, even as Mr Geithner was speaking. Specifically, the S & P 500 closed down 4.9%, while its financial sub-index fell on the day by 11%.

The widespread decline wiped out most of the preceding week’s strong stock market gains, with JPMorganChase and Wells Fargo shares losing 9.8% and 14.2% respectively, while Bank of America and Citigroup stocks dropped by 19.3% and 15.2%.

Now this Geithner fellow is the son of Peter F. Geithner, the Director of the Asia Program at the Ford Foundation in New York. Mr Geither’s dad oversaw the Ford Foundation’s micro-finance operations in Indonesia which were being developed by Ann Dunham-Soetoro, the mother of President Barack Obama. Timothy Geithner’s maternal grandfather, whose name was Charles F. Moore, was an adviser to President Eisenhower, and was also a Vice President of Ford Motor Company. Timothy Geithner spent most of his childhood living outside the United States, first graduating from the International School in Bangkok. He also obtained a degree from Dartmouth College in Government and Asian studies, and his MA from Johns Hopkins University was in international economics.

Yet notwithstanding Geithner’s superb educational background and qualifications, the much-heralded Geithner statement, as predicted, was a complete flop. Mr Geithner had evidently not received sufficient education to be able to discern that what he was intending to propose would collapse like the remainder of a child’s balloon after it has been popped; and nor, it appears, was he in any way disposed to read the trailer for his expected flop that we published on this website on 8th February, ahead of his presentation.

According to market sources, the primary cause of the resulting uncertainty was, as one voice put it, that ‘the question of how to value banks’ toxic assets remains unanswered’.

Which was a petty silly complaint, given the fact of the matter, known to all market participants who aren’t high on speed: THEY CAN’T.

The reason that the banks’ derivatives assets haven’t been valued and cannot be valued is that THEY HAVE NO VALUE. They are figments of financial marketing sorcerers’ imaginations.

The very word ‘derivative’ itself contains the brazen lie that the subsequent ‘Structured Products’ are DERIVED from the original transaction, whereas in reality the cashflow from the original deal does not ‘travel’, and the subsequent parties have NO RECOURSE to the hard cashflow from the original transaction, so that they are handling phantom trades divorced from the original contract.

‘STRUCTURED PRODUCTS’: TOXIC INVENTION OF A MASSIVE BANKERS’ RAMP
This reality, which has been borne in on even the dumbest dumkopf since our exposures, will be spelled out in the forthcoming issue of International Currency Review with the benefit of simple flow-charts showing how derivatives ‘assets’ are created and are fraudulently ‘marketed’ without recourse to the sole source of real money – the payments to the Mortgage Bank of the mortgagor, or the payments of the credit card holder to the card issuer. All subsequent derivative ‘Structured Products’ are fraudulent Ponzi-model scams, because they have no value given that none of the subsequent derivatives parties have recourse to the original source of funds [see below].

That derivative ‘Structured Products’ are symptomatic of a massive Bankers’ Ramp which has loaded European institutions with perhaps as much as $30 trillion of dud assets, is implied not only by the facts of the matter (explained in greater detail below), but also by the rather pertinent fact that traders on the Chicago Mercantile Exchange tell us from the pits that they regard derivatives products as completely worthless, and will not be interested in exotic new Treasury instruments (‘Geithners’) designed to turn sawdust into gold.

Likewise, as previously reported, the regional US Federal Reserve Banks consider derivative products to be without intrinsic value – a stance that places them at odds with Geithner’s former employer, the Federal Reserve Bank of New York, and the Federal Reserve Board under the co-conspirator Dr Ben Bernanke, both of which institutions specialise in Fraudulent Finance.

No-one, either at home or abroad, in the G-7 or the G-20, is going to be interested in any magic formula developed by the US Treasury to persuade investors that derivatives-based repackaged Ponzi-model ‘Geithners’ marketed with a US official guarantee and US Treasury imprimatur are a sound investment. It won’t fly.

For given the worldwide awakening to the truth about this Fraudulent Ponzi-model finance, the likelihood of foreigners rushing to purchase degraded US Treasury ‘Geithners’ masquerading as of intrinsic worth when the reality is that they consist of recycled toxic waste, has shrunk to nearly zero – not least given that Mr Geithner has shown himself to be even less proficient at pulling the wool over the markets’ eyes than the serial fraudster Henry M. Paulson was in his notorious day.

REVALIDATING AND FALSELY REVALUING WORTHLESS ASSETS
No, what the US Administration – now completely under the control of the Bush-Clinton criminal finance continuum – was crassly intending to do, was to revalidate the Bankers’ Ramp as though there has been no discontinuity – an extraordinarily stupid and blind course to adopt.

For the Fraudulent Finance engineers inside the Central Intelligence Agency, the Treasury and the Obama White House were hoping to ignore the much greater overall sophistication of sensitised observers since these exposures started in 2006, and to deny all that has happened during this distressing period – the blatant official corruption, the duplicity and diversionary operations, the wall-to-wall disinformation and propaganda, the endless lies and spiels about ‘filling in the holes’ when what was meant was that pyramid-selling participants were being paid off with ‘new money’ derived from other victims of the scams, the suicides, the false reports of imminent settlement recycled every week out of the gutter – and to pull a new Fraudulent Rabbit out of the Treasury’s box of magic tricks, as the US Treasury has done so often before.

But this time, the Magic Rabbit disappeared before it was even out of the hat. It was scared away by the glaring light of global scepticism and the absence of the smoke and mirrors cover to which it is accustomed. For the age of smoke and mirrors is over.

No longer can the US Treasury convince anyone in the world that has the answer to the mess for which it is responsible, on behalf of the controlling Intelligence Power (see previous report and below). And one reason that the US Treasury has lost all credibility – apart from the fact that, under Paulson, who systematically trashed the Full Faith and Credit of the United States, it became known as the Lie Factory – is that it is deliberately, under heavy pressure from the Bush Crime Family, the Clintons and associates, the Chicago FBI, and the CIA, choosing the WRONG PATH, despite the fact that it knows perfectly well what the CORRECT COURSE OF ACTION SHOULD BE.

Yes, the US Treasury knows what it SHOULD DO, but is obtusely continuing with the Bush-Paulson policy of Fraudulent Finance instead of adopting the SINGLE COURSE OF ACTION that would soon guarantee an end to the crisis. Given the extreme gravity of the situation, this represents nothing less than wilful treason against the United States and its people, and a perverse intent to pursue the worst possible course which, if not reversed, will bankrupt the whole world.

ROOT CAUSE OF THE GLOBAL CRISIS: THE CIA FUNDS ITSELF BY FRAUD
It would be comforting, perhaps, to believe that US Treasury officials are just incompetent. But the record shows that no, they seem to be malevolent: they are wilfully impeding and standing in the way of resolution of all outstanding problems over time, by obtusely insisting upon an open-ended continuation of deficit-financing operations to sustain off-balance sheet Fraudulent Ponzi-model Finance, so that the US criminal élite’s cronies can continue to generate false, unreported and so untaxed profits from their unproductive and illicit speculative activity and can continue hiding the proceeds untaxed in offshore bank accounts. And the primary reason for this madness is the factor we again identified in the preceding report:

• The Treasury’s stance is governed by the fact that it defers to the Intelligence Power which controls the US Federal Government, selects its personnel, and has usurped the power of the Executive Branch. As we have frequently pointed out, the CIA is in control, out of control and needs to be brought under control.

And guess what: they don’t like us reminding you of this fact.

• Because when we do so, we are in fact pinpointing the core of the problem facing the United States and the WHOLE WORLD, which is that the Central Intelligence Agency (proxy for the vast, corrupted US intelligence community and its drug-running operations) is a self-financing ‘State within the State’ that controls the Executive, Legislative and Judicial Branches of Government – not the other way round. The CIA is supposed to be the clandestine arm of the White House.

But thanks to its proven ability to penetrate all other branches of Government and its structures, and to finance its operations on a gargantuan scale using drug-trafficking proceeds and Ponzi schemes of ever increasing sophistication, it has usurped the US Government itself.

For it was the intelligence community that developed these Fraudulent Finance schemes in the first place. Who do you suppose provided traders with the special satellite-linked ‘grey screen’ trading equipment enabling Agency operatives based in the boonies to conduct secret Fraudulent Finance trading operations within the closed financial system that is at the root of this crisis?

The equipment is provided by the Intelligence Power. The Editor knows of one family where the successive husbands operated this equipment clandestinely without even explaining what they were doing to their family members. And this secret trading, designed to increase the illicit, hidden takings of the Intelligence Power through Fraudulent Finance, goes on all over the United States.

The Intelligence Power finances itself via Fraudulent Finance operations and is jealous of its total independence from Congress and of its power to control the Government. Key figures throughout the Administration are either intelligence operatives or puppets of the CIA.

Therefore, the Administration defers to the Intelligence Power, instead of the CIA operating from a position of subordination to the Executive Branch.

• That is the nub of the crisis facing the whole world.

It is the CIA et al. that is blocking resolution of this crisis, by ensuring that the Treasury seeks to continue the Fraudulent Finance activity, which is supposed to be funded by a vast increase (so it supposes) in official debt, with no prospect of any of it ever being amortised.

This is of course a recipe for disaster, collapse and a wheelbarrow future: and the culprit is the CIA.
It is the corrupt US Intelligence Power that pulls all the strings and is insisting upon the Treasury retaining control over ‘recovery financing’, despite the reality that the Treasury and the Federal Reserve can never achieve the objective that the CIA insists upon, because no-one in their right mind is going to buy the repackaged Treasury trash for long, if at all.

Therefore, the US and global crisis boils down to the very issue identified a long time ago by this service: the Central Intelligence Agency is jealous of its hegemony which is financed by Fraudulent Finance and fears that when its Ponzi operations cease, it will LOSE its hegemony status and will cease to be in any position to control the Government, especially the Executive Branch.

Given moreover that the Central Intelligence Agency is a criminal enterprise directed de facto by the Bush Crime Family with its Clinton add-ons (2) via the George Bush Center for Terrorism (oops, Intelligence), it may well view the threat to its hegemony by the ongoing and irreversible collapse of the derivatives fraud as a pretext for taking matters even further into its own hands, by which we mean perpetrating some atrocity or other to provide a pretext for drastic domestic repression. This may satisfy its power lust but will not, of course, solve its financial problems insofar as the collapse of the derivatives sector will leave it dependent solely on its drug-trafficking proceeds.

In this connection we need to reiterate that anonymous, unprovenanced reports by a fictitious source calling itself Sorcha Faal and purporting to be derived from the Kremlin, is actually a diversionary disinformation operation perpetrated by an Irishman, S. L. O’Huallachain and by Commander J. Forrest Sharpe, of Light in the Darkness Publications, Vienna, VA, located, as we recently pointed out, deep in US intelligence communitysville, according to our sources.

Sharpe is said to be ‘active duty submarine service fleet’, implying an Office of Naval Intelligence (ONI) link here – ONI being one of the most ruthless of all the arms of the CIA sub-Octopus, as well as ‘incidentally’ being where Admiral Blair, the new Director of National Intelligence (DNI), comes from: which probably tells you all you need to know about the agenda of such reports.

As previously noted, they begin with the phrase ‘Rumours circulating in the Kremlin today’, a tell-tale giveaway, as the Editor’s long service as Editor of Soviet Analyst entitles him to state without fear of contradiction that the Kremlin doesn’t DO rumours.

No, this is just another outlet for the destructive US domestic intelligence war and for gratuitous scaremongering, agitation and propaganda spewed out by the scared ‘State within the State’ which correctly perceives that it is in severe danger of being cut down to size as a consequence of the exposure and implosion of its Fraudulent Finance operations which sustain its usurped status as the power that controls the Federal Government, whereas it is supposed to be the subordinate clandestine arm of the Executive Branch.

RECENT DEVELOPMENTS: THE DUBAI THEFT • GREENSPAN’S INDICTMENT
With reference to the massive sum of money that was diverted to Dubai on Friday 6th February, threatening the likelihood at the time that Citibank might have been unable to open its doors on Monday 9th February, the funds were retrieved over that weekend so that, in the event, Citibank did not collapse and was able to open for business.

As we reported, that event precipitated the cancellation of the State Visit to Dubai and Abu Dhabi by The Queen and the Duke of Edinburgh previously planned for late March – an analysis that we were subsequently told was ‘absolutely accurate’.

Concerning the cuffing of the arch-criminal finance specialist Dr Alan Greenspan, there are now at least four versions concerning this operative’s arrest: (a) He was arrested on or about Monday 2nd February; (b) he was cuffed on Friday 6th February, as we reported; (c) he was cuffed on Thursday 5th February 2009, which we are now inclined to believe would have been more accurate than (b), because we also now think that the funds were diverted to Dubai on Thursday the 5th, or at least overnight 5th/6th February; and now (d) a warrant has been issued for Greenspan’s arrest, which (as of the morning of 12th February) remained pending.

On 12th February we learned that a 45-page indictment has been prepared against Greenspan, and this information was confirmed by a separate very reliable source.

In addition, a batch of officials at the Federal Reserve who thought they were TSTBA (‘Too Senior to Be Arrested’) were reported to us on 12th February to have been arrested in the context of their continuing sabotage of the Settlements. And on Wednesday 11th February, 18 examinations of the biggest US banks were initiated, with a team of some 100 bank examiners descending like locusts on Citibank, JPMorganChase, Bank of America and other US criminal financial enterprises looking inter alia for derivatives exposures. In this connection we have learned that there exists a circle of very high-level and influential bankers and traders whose names are not currently in the public eye, who have been systematically blocking the Settlements, while at the same time continuing their headlong derivatives Ponzi trading operations.

As for the meltdown inside the Securities and Exchange Commission (SEC), accused by Harry Markopolos before the House Financial Services Subcommittee of failing for many years to take necessary measures against Bush-Ponzi fraudster Bernard L. Madoff, the agency’s previously referenced leading enforcement officer, Linda Thomsen, was reported be resigning ‘to pursue opportunities in the private sector’. Obviously, she decided that the heat in the kitchen was excessive for her fragile constitution.

We have been further advised that certain other very well-known characters on the stage are targeted for arrest and indictment. These developments reflect the fact, stressed to us by reliable sources, that there is now a consensus that these arrogant financial sector Financial Terrorists (which is what they are) are not above the law.

Let us hope that this time round, Law Enforcement makes the arrests in front of the TV and press cameras, as we have advised in the past: that would be the single most effective step that could be taken to bring this crisis to a head so that the unavoidable, sabotaged shakeout is not fudged.

PUFFING UP FLAWED POLICIES GUARANTEED TO FAIL
Against this incredible background, the Secretary of the United States Treasury stood up before the whole world on 10th February 2009 and announced that he intends to perpetuate a gigantic fraud! His ill-considered plan was dead in the water the moment it was announced.

As a consequence, the US Treasury and the Federal Reserve have made themselves the laughing stock among those elements of the financial intelligentsia and of key official structures around the world who know precisely what should be done, and have watched with renewed astonishment at the endless capacity for these US financial sorcerers to imagine that they can continue lying and deceiving the markets, the investing public, the American people and the Rest of the World.

As for President Obama’s ‘stimulus bill’, it represents a big band-aid which would be better applied to a bandicoot, because of course it simply adds further to the debt in the background and fails to address the central issue, namely that CASH REVENUE has to materialise in order for the banks to be refloated ON THE BOOKS.

The only possible justification for this rash initiative, which narrowly passed the Senate on 13th February, would be as a short-term stop-gap measure pending the REVENUE cashflows triggered by the G-7-Approved Refunding Programme – which is what President Obama appears to have had in mind, and which his own personnel are obtusely blocking.

The banks CANNOT be refloated via the revalidation and revaluing of worthless junk through the issuance of more and more ‘background Treasury debt’ on the scale required – not least because no insurance wrapround that the Treasury and the Federal Reserve might devise can compensate for the fact that the markets have seen through the Ponzi scams and are not proposing to gobble up any US Treasury repackaged trash ‘assets’ with falsified ‘values’ anytime soon. The Treasury’s purpose all along, as under Paulson, has been to perpetuate opportunities for Fraudulent Finance so that the off-balance sheet proceeds of these Ponzi frauds can be stashed untaxed in offshore bank accounts by the self-appointed privileged ‘élite’ serving the selfish and treasonous interests of the terrified US Intelligence Power.

In fairness, it should also be stressed that the lethal derivatives Ponzi trading carousel is being sustained by the ‘powerful’ circle of top traders and bankers alluded to above, upon whom the Treasury is said to rely when it needs ‘assistance’, who consider themselves literally to be above the law, immune from arrest and prosecution, and who function inside what they consider to be a ‘protective zone’ of privilege within which ‘legitimised’ Fraudulent Finance can be practised with impunity. These people are about to discover that, contrary to that complacent assumption, the game has changed as a discontinuity has taken place which they have chosen not to recognise.

THE SOLUTION
The universal solution to the global systemic financial corruption crisis has been on the table for several years, and was specifically re-approved by the Group of Seven Financial Powers at their summit meetings in 2007 and 2008. The adjective ‘universal’ is applicable because implementation of the agreed-upon solution will, over quite a short space of time, refloat the banks by generating accruals on-the-books, revalidate the US dollar and the US dollar financial system in the process, revitalise the world trading system as a consequence, and shower the US Treasury with ongoing windfall tax accruals which will transform its finances and reverse the centuries-long one-way deficit-financing and debt accumulation route to financial collapse.

Banks will be refloated on balance-sheet very quickly because accruals arising from transparent transactions with the appropriate capital markets instruments as prescribed by the G-7 will cascade into the banks in the form of deposits, transforming the banks’ balance sheets in the process.

This solution, like all truthful and straightforward means of resolving problems, is the essence of simplicity. By contrast, the covert, surreptitious, off-balance sheet, untaxed, secretive, fraudulent derivatives ‘Structured Products’ operations based on worthless assets generating fake yields, are enveloped in a fog of extreme complexity, as will be revealed in somewhat excruciating detail in the forthcoming issue of International Currency Review [Volume 34, #2].

The universal solution to the global systemic financial corruption crisis consists of the following straightforward and wholly transparent response:

• The ongoing conduct of fully taxed on-balance sheet capital markets instrument transactions with selected institutions in the PRIVATE SECTOR (therefore wholly independently of the DEBT-BUILDING public sector), as approved by the Group of Seven Financial Powers in 2007 and 2008, using LOAN funds provided pro bono publico for this purpose at her sole discretion primarily by the British Head of State, the total value of which is $6.2 trillion.

[These funds were placed into ‘lockdown’ on 12th September 2008, after it had transpired that instead of being deployed for the purpose intended by the lender(s), the funds had been illegally subjected to exploitation to finance the Fraudulent Finance Ponzi-model carousel.

After these funds, plus an additional $7.8 trillion of monies owned by the Chinese parties, went into ‘lockdown’, flows of funds needed to finance the corrupt illicit trades – with the exception of the drug money flows sustaining interbank operations as identified by the Executive Director of the Vienna-based United Nations Office on Drugs and Crime (UNODC), Sr. Antonio Maria Costa, which were referenced in our report dated 8th February 2009, dried up – triggering mass redemptions, including an estimated $7.0 billion of redemptions by clients of the Bush-linked Ponzi scheme manipulator, Bernard L. Madoff, as described in earlier reports].

• Such ON-BALANCE SHEET PRIVATE SECTOR capital markets transactions will generate REVENUE which will be TAXED, yielding ongoing windfall tax accruals to the American Treasury – which, by definition, will reverse the century-old decadent US one-way deficit-financing orgy accumulating vast mountains of official debt in the background which can never be repaid, accompanied by the degradation of Treasury securities and the US dollar itself to trash status.

• Under this wholly transparent Group of Seven-Approved Capital Markets Refunding Programme, Michael C. Cottrell, B.A., M.S. is instructed to conduct the on-balance sheet transactions using the appropriate instruments through his firm Pennsylvania Investments, Inc., in accordance with the lenders’ instructions.

• In our report dated 8th February 2009, we revealed the foregoing information for the first time, in the face of the intransigent intention of the American Treasury to continue with the Ponzi-model Fraudulent Finance operations to which it and its associates, especially the relevant hedge fund operatives, have become accustomed.

The Treasury’s approach is wrong-headed and perverse, not least because it will simply pile debt upon bad debt upon very bad debt, while purveying for public consumption a FALSE PROSPECTUS based upon the lie that worthless derivatives ‘Structured Product’ ‘assets’ have value, which is not the case. In other words, the US Treasury’s sterile proposals on behalf of the hedge funds, ‘private equity’ ‘players’ and banks ‘working for’ George Bush Sr., which were dead in the water on delivery anyway, would falsely represent that trash ‘assets’ contain value, a gross deception and fraud.

• In our report dated 8th February, we further recommended that the G-7-Approved Refunding Programme outlined above should proceed anyway, as has been specifically instructed ‘per the request/affidavit dated 29th December 2008’, but through London rather than New York.

• By definition, the GOOD, TRANSPARENT, TAXED REVENUE dollars accruing from the approved Capital Markets transactions under the G-7-Approved $ Refunding Programme will very definitely displace the BAD MONEY FALSELY GENERATED by the complex, Fraudulent Finance Ponzi-model operations that the US Treasury seeks to perpetuate, for the reasons explained below.

WHY THE SOLUTION IS BEING BLOCKED, AND WHO IS BLOCKING IT
Bear in mind that the G-7-Approved Refunding Plan is, as we constantly reiterate, APPROVED by the Group of Seven Financial Powers, which are fighting for their economic survival in the face of the recalcitrance of the American criminal financiers who are holding the whole world to ransom.

As noted above, the SOLUTION has been on the global table for several years and if it had been implemented in 2006/2007, instead of being hijacked by the corrupt Paulson Treasury so that funds could be stolen and the later LOAN monies belonging to the lender(s) abused and exploited, the whole world would not now be experiencing the ‘train wreck’ that we predicted on this website on 2nd September 2006, in December 2006, and in reports published here and in our journal in June and July 2007. We predicted the ‘train wreck’ accurately because we saw then that the corrupt US Treasury had no intention of implementing the G-7-Approved Refunding Programme and that the constant barrage of ‘we’ll pay you tomorrow’ rhetoric, with its innumerable variants, represented a cynical CIA counterintelligence propaganda offensive designed to enable the organised criminal cadres inside the US official structures and their allies to continue trading derivatives, to sustain the bubble of Fraudulent Finance, and to keep the army of outraged protesters at bay indefinitely.

Quite simply, the cloth-ears at the US Treasury preferred to continue down their yellow brick road, enriching themselves and their co-conspirators in the process, under the protection of the corrupt Chicago component of the FBI and the Bush-Clinton organised crime operations – to the general satisfaction of the expanded domestic and international élite that has been so corrupted by this Fraudulent Finance ever since George H. W. Bush Sr., stole the money from Continental Illinois Trust Company in the 1980s.

FRIGHTENED HEDGE FUND OPERATIVES MEET AT GOLDMAN SACHS
Immediately following the damp-squib Geithner presentation of the US Treasury’s immediately discredited plan for open-ended Ponzi-style finance stretching out to the end of the solar system, about 20 alarmed US hedge and ‘private equity’ Ponzi-money fund operatives, meeting under the auspices of the so-called ‘Goldman Sachs Roundtable’, gathered in emergency session to thrash out their concerns that, from their perspective, things were now falling apart, since Mr Geithner’s proposals, on which some had pinned their hopes, had gone down like a wayward lead balloon. Those attending included representatives of KKR, Fortress Investment Group [FIG], Bain Capital, Perry Capital, Capital Research, Putnam, and Citadel.

People who attended told CNBC that they received an urgent invitation to go to the meeting after Geithner’s speech. Goldman Sachs, which initially denied that the meeting ever took place, later reversed its position and confirmed that the meeting, hosted by John Winkelreid and Gary Cohn, was planned well in advance. How’s that for standing on your head without anyone noticing? Some of those who attended said that they decided to attend because of the Geithner speech. According to the CNBC report, aired by Charlie Gasparino [www.cnbc.com/id/29163525]:

‘What the group concluded was that the longer the ‘plan’ takes to produce, the more difficult the situation becomes. That’s because reviving the securitization market is the key toward reviving the economy and it’s a vicious circle [sic]. The longer it takes to revive securitization, the worse the economy becomes and the securitized products held by the banks lose more value’.

The foregoing CNBC statement contains egregious falsehoods that are self-evident but which nevertheless need to be spelt out given that CNBC also appears to be inhabited by cloth-eared economic ignoramuses:

• Revival of the real economy does NOT depend upon so-called revival of the ‘securitisation market’ consisting of worthless assets. First, there can be no such ‘revival’ now that the absolute worthlessness of the ‘securitised assets’ has been exposed, taken on board across the world, and ridiculed by traders in the Chicago pits – as well as by institutional investors and others who have had their corporate and fingers burned in the financial holocaust that has already taken place.

Further, as previously reported, the regional Federal Reserve Banks do not agree with the corrupt Federal Reserve Board under Dr Ben Bernanke and his Ponzi scheme predecessor, the frequently-braceleted Dr Alan Greenspan [see below], and the Federal Reserve Bank of New York (FRBNY), that derivatives assets have any value. They have been exposed as trash, and that’s that.

• The ‘justification’ for derivatives transactions is the false argument that securitisation ‘spreads risk’. This only happens, however, in the sense that the Mortgage banks receive double or treble payments per mortgage (even quadruple payments in certain circumstances). The later remittances are discounted, but they all add up. But the purchasers of the securitised ‘Structured Products’ by definition acquire extreme risk for their money, because no party beyond the Mortgage bank has recourse to the only source of ‘real money’, which is the income stream from the borrower.

• The US economy is not ‘becoming worse’ BECAUSE ‘securitisation cannot be revived’, but rather because the sole SOLUTION to refinancing the banks, the US dollar and the world trading system has been and continues to be BLOCKED by the parties identified in this segment, including the foregoing attendees as the so-called Goldman Sachs Roundtable.

• The ‘securitised assets’ held by the banks cannot lose ‘more’ value, as they have already lost 100% of their value and it is impossible, therefore, for these non-assets to be devalued any further. As indicated below, Swiss Re, the second largest reinsurer in the world, has just scrapped its own investment bank and in the process has written down its derivatives ‘assets’ to their correct value:

• ZERO.

The CNBC pronouncement illustrates a stratum of gross ignorance and fatuous stupidity on the part of the CNBC correspondent, equalled only by the attitude of a BBC economics correspondent who belaboured the false point on 11th February that ‘no banker, no financial journalist, nobody if they cross their heart, could say that they foresaw this’.

Not if they weren’t reading the reports on this website, right.

And by the way, this standard technique, favoured by those who cannot see ahead, of tarring all analysts with the brush of their own blindness, ignorance and forecasting ineptitude, while familiar to this Editor who has observed this all his forecasting life, is a low trick routinely played by the blind leading the blind. Because they have fallen in the ditch, they assume that no-one could have led them away from it. It makes the mess they’re in less uncomfortable.

COALITION OF PARTIES BLOCKING THE REFUNDING
Who, then, is BLOCKING the Group of Seven-Approved Refunding Programme?

Answer: the following sinister coalition:

• The primary source of opposition to the G-7-Approved Refunding programme is the Intelligence Power, a.k.a. the Central Intelligence Agency and its extensions [see below], which finances its operations with all the funny money that the Ponzi schemes that it developed specifically for that purpose, generate. The Intelligence Power in the United States controls the Government, not the other way round. As we have frequently stated, the Intelligence Power is in control, out of control and needs to be brought under control.

It is significant that no matter how many times we have reiterated this glaringly obvious truth, not a single individual with whom we remain in contact, including of course those with a CIA background, has EVER picked this point up and given it the slightest support. The reason for this may be that all these people, without exception, are perfectly content with the status quo, which is as follows:

Given its FINANCIAL INDEPENDENCE FROM CONGRESS, the Intelligence Power has USURPED THE EXECUTIVE BRANCH of the Federal Government. The CIA is supposed to be the clandestine arm of the White House, instead of which, with the National Security Council (NSC), it CONTROLS the White House, and ensures that its own personnel or agents are always positioned in the most sensitive nodes of the structures, including the top slots.

• This is not democracy: it is corrupt, anti-democratic, abusive rule by a ‘State within the State’.

This overpowerful and ruthlessly amoral American ‘State within the State’ is financed by means of the Fraudulent Finance operations exposed in these reports. The ‘State within the State’, this controlling Intelligence Power, is unwilling to give up its hegemony over the Executive Branch (as well as de facto the other branches of the Federal Government). It is therefore purposefully and short-sightedly resisting and BLOCKING the implementation of the SOLUTION outlined above.

• Moreover the Intelligence Power is indifferent to the consequent suffering of the American people and the Rest of the World. It is concerned exclusively with the threatened retention of its control hegemony. It imagines that if it just continues this obnoxious resistance, it will ‘win out’ in the end. That is a false presumption.

• On the contrary, the longer the Intelligence Power BLOCKS the SOLUTION, the greater will be the consequent damage and the greater the likelihood that, with the disintegration of the nation, and the entire world economy as a direct outcome of its obtuse behaviour, the arrogant, ruthless and opinionated US Intelligence Power will be destroyed as well.

• But not all CIA/DIA operatives are as completely blind and stupid as painted above (it is possible to be very clever and smart, and stupid and blind at the same time). Some CIA operatives know perfectly well that things must change. They should assert themselves now, for the sake of the Republic and, as The Queen put it succinctly in 2007, ‘for the sake of the whole of humanity’ – although we hold out very little hope of any such development.

• Finally, the CIA is absolutely PETRIFIED of the G-7-Approved Refunding Programme, because it is recognised in ‘circles that matter’ that in fact it MUST be implemented, cannot be side-stepped, and will indeed prevail. But its own personnel place their own wretched interests and that of the amoral Intelligence Power first. These people will have to undergo psychological re-orientation training come the Revolution, if they don’t change their stupid attitude before it’s too late.

Beyond this central factor, the coalition of operatives opposing the G-7-Approved Refunding Programme include the following:

• The US Treasury, under Geithner as under Paulson, which defers to the controlling Intelligence Power that controls the White House (although for public consumption purposes the US Treasury defers to the White House). As is the case within the CIA, not everyone inside the US Treasury is corrupt: on the contrary, it has been the case since these exposures developed, that one or more Treasury Compliance Officers have been threatened with jail sentences under the Patriot Acts for actually doing their jobs properly and resisting the corruption mandated under Henry M. Paulson.

• The Federal Reserve Bank of New York under Mr Geithner before he was translated to the US Treasury. As confirmed by the recent arrests, announced on this website, of Robert Armenta, the senior Federal Reserve Compliance Officer (who was offered a choice between 25 years in jail if he cooperated and 99 years if he chose not to divulge the names of those involved in these scams), and Christopher J. McCurdy, a senior Vice President who was arrested after he had destroyed the crucial banking codes associated with the Settlements, the New York Fed is a nest of corruption. Under Geithner it presided over frauds exposed in our reports, and it is at loggerheads with the regional Federal Reserve Banks who are unanimous, as we have previously reported, that the derivatives ‘assets’ are worthless. The FRBNY works closely with:

• The corrupt Federal Reserve Board under Dr Ben Bernanke, who has continued and elaborated upon the Fraudulent Finance operations exploiting the closed Federal Inter Bank Settlement Fund developed under his corrupt, often-arrested predecessor, Dr Alan Greenspan – the inventor of the ‘never-pay syndrome’ which, with the benefit of hindsight and closer understanding nowadays of the universality of the Ponzi model, was actually a symptom of universal Ponziness.

This ‘never-pay syndrome’, supported by that noisy barrage of duplicitous disinformation promising payment tomorrow, painting false descriptions of arrangements having been made for Trustees to be called into banks and banking codes having been altered, and so forth, elaborated by reports of banks not co-operating, answerbacks not arriving, and any other variation on the theme of why the payments were being blocked that they could think up overnight, turns out actually to have been nothing less than an integral component of Ponzi scheme methodology.

Ponzi scheme methodology operates on the principle that new money has to be found to pay off earlier investors or to pay them handsome returns with no questions asked, until the pyramid selling scheme collapses, when ALL THE MONEY IS STOLEN.

Further members of the coalition resisting the G-7-Approved Refunding Programme also include:

• The hedge fund and ‘private equity’ parties including those who attended the ‘Goldman Sachs Roundtable’ meeting, who are desperately trying to find a way to ‘fix the prices of the securitized bonds’ as Ken Griffen, the founder of Citadel, told CNBC after that meeting – despite the fact that trash ‘assets’ have no value so that any price-fixing would be fraudulent and therefore open to endless litigation in the courts.

• The corrupted banks which continue to promote and develop derivatives trading ‘opportunities’ and scams, as though there had been no discontinuity.

• FACT: Without derivative ‘Structured Products’ trading, there is no way these criminal enterprise banks, scamming hedge fund operatives and so-called ‘private equity’ Ponzi-groups can ever hope to recoup the monies for George Bush Sr. and which they themselves have lost on own account. They cannot believe ‘this has happened to them’, but it has.

• They cannot accept that there has been a decisive discontinuity, but there has.

• The Clintons, the Bush Crime Family and their compromised associates, including the former French President Chirac, and M. Levitte, the former French Ambassador to Washington, who is now President Sarkozy’s closest adviser, and a host of others including the US operatives Jan Morton Heger, Leo Wanta, George Reig, Captain Morris (ONI), Tom Heneghan (see below), and a group of bankers and leading derivatives traders who operate in the shadows and have in the past been so ‘powerful’ that the Treasury would even call upon them for ‘assistance’.

ANATOMY OF MBS-CDO-CDS FRAUDULENT FINANCE OPERATIONS
In our report dated 8th February 2009, we reported that the NSA had interfered with our production computer and had stolen three pages from our imminent analysis by Michael C. Cottrell, B.A., M.S., under the generic heading ‘The Legalisation of Financial Corruption’ in which we analyse in detail the precise steps of the Ponzi finance operations – and in which we demonstrate both that the derivatives have no value, and also that this ‘mystery’ is encased in a fog of jargon so dense that outsiders (such as the CNBC correspondent) never get to to understand what is going on.

The segment stolen from our production computer also contained the chart in which we show that the Paulson TARP operation represented a fraud designed to inject fictitious, fabricated value into worthless ‘Structured Products’ using taxpayers’ money so as to enable the speculators to ‘start over’ – with the top ‘insiders’ such as George Bush Sr., Carlyle and Carlyle Capital and James A. Baker III especially benefiting from the Government bailout operation.

Before we go any further, we need to repeat the sections that were stolen from our production and the introduction, in order to place this back into context:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

THE DIAGRAMS TO BE PUBLISHED WITH OUR PAPER
As indicated above, the exposure of the ‘Structured Products’ frauds in the forthcoming issue of International Currency review is accompanied by three charts [Figures 1-3]. Each chart carries a very bold notice stating:

‘THERE IS NO RECOURSE TO UNDERLYING CASH FLOW AFTER ‘A’’, where ‘A’ represents here the Mortgage issuing banks which are in receipt of cashflow from the mortgagor (the party taking out the mortgage)

• Description of Figure 1 [Page 25]: MBS-CDO-CDS SCAM FLOWCHART:
The Fraudulent Finance Non-recourse Carousel:
STEPS SHOWN ON THE CHART:

(1) The borrower makes payments to the Mortgage issuing banks.

(2) The crucial Universal Commercial Code [UCC – 1] document is lodged with the local Courthouse Land/Deed Recorder [Land Registry in England]. The Mortgage banks retain control/custody of the UCC-1 document which does not ‘travel’ with the subsequent transactions. T

he Mortgage banks have the continuing benefit (excluding defaults) of the real money cash flow from the borrower/mortgagor.

• The Mortgage banks obtain new money by on-selling the mortgage to investment bank pools or the FNMA or FHLMC [see (3) immediately below]. They have now been paid twice (although they sell the mortgage on at a discount. When they do so, an egregious deception occurs.

Because the Mortgage banks retain control of the crucial underlying document, the UCC-1, and/or the Land/Deed papers, they are actually selling NOTHING at all, UNLESS they are actually engaged in committing ‘visible’ fraud by on-selling ANOTHER TOP COPY OF THE UCC-1 or else the Land/Deed papers. The fraud here may be achieved by the borrower being required, in many instances, to sign THREE TOP COPIES of the relevant documents, without the TRUE reason for this fake ‘requirement’ being spelled out (‘FRAUDULENT CONCEALMENT’). Whether this occurs or not, the following legal hazards arise in this context:

• “ACTUAL FRAUD: Deceit. Concealing something or making a false representation with an evil intent [scanter] when it causes injury to another…”.
Sourced from: Steven H. Gifis, ‘Law Dictionary’, Fifth Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Deceit’.

• “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…”.
Sourced from: Steven H. Gifis, ‘Law Dictionary’, Fifth Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Deceit’.

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…”.
l “Conveyance made with intent to avoid some duty or debt due by or incumbent on person (entity) making transfer…”.
Source: Black, Henry Campbell, M.A., ‘Black’s Law Dictionary’, Revised 4th Ed

(3) The Mortgage banks sell mortgages either into Investment Bank Pools or into Trust Pools of the Federal National Mortgage Association [FNMA, ‘Fannie Mae’] or the Federal Home Loan Mortgage Corporation [FHLMC, ‘Freddie Mac’] which, since 8th September 2008, lost their Government-Sponsored Enterprise (GSE) status after being taken over wholesale by the Treasury.

• The Mortgage banks are also basically ‘indifferent’ (in a ‘normal’ market environment unlike the prevailing situation) as to whether the borrower ultimately defaults or not. If the borrower defaults, the Mortgage bank is now in the real estate business and acquires the property which it then sells (third payment). On top of this, since the Mortgage bank has retained full control over the UCC-1 document, which does not ‘travel up the derivatives chain, it is in a position to on-sell a ‘derived’ mortgage on the basis of that document, generating thereby a FOURTH payment (from the same mortgage), and at the same time ‘starting over’.

(4) The Investment Bank Pools operate an Underwriting Group and a Buying/Selling Syndicate, and undertake ‘securitisation’, packaging or re-packaging of pooled (or collectivised) securities. The FNMA and FHLMC Trust Pools operate an underwriting Trust Pool, a Buying/Selling Syndicate and create ‘Securitisation Pools’ and develop[ Mortgage-Backed Security packaging and Pass-Through Securities – pools of fixed-income securities that are backed by a package of assets. A servicing intermediary collects monthly payments from issuers and, after deducting a fee, remits or passes them through to the holders of the Pass-Through Security.

This device is also known as a ‘Pass-Through Certificate’ or a ‘Pay-Through Security’. The most common type of pass-through is a Mortgage-Backed Certificate, whereby ‘homeowners’’ payments pass from the original lending bank through a Government agency or investment institution to the investors. This is the ONLY exception to the general rule that there is NO RECOURSE to underlying real cash flow after the borrowers’ payments into the Mortgage banks themselves.

(5) The chart shows ten representative US domestic pools which sell the repackaged securities or ‘Structured Products’ to Goldman Sachs, A.I.G., Lehman [defunct], Morgan Stanley, Citibank, JPMorgan Chase, Wachovia, with some pools selling direct to General Electric or foreign banks, such as Coutts. At the lower right corner of the chart is the rubric: ‘From the U.S. institutions the scam is taken international…’.

This references the fact that, for instance, Goldman Sachs will sell the repackaged ‘Structured Products’, however marketed, for instance, to Deutsche Bank, Barclays and the Bank of England, while Lehman [defunct] sells to Natwest, as does Morgan Stanley. Meanwhile the ‘Structured Products’ or securitised pooled ‘assets’ have long since been DECOUPLED FROM the original underlying cash flow of the mortgager borrower(s), so that the only ‘value’ attached to the packages is derived from the NAMES of the institutions marketing them.

As a disillusioned former Goldman Sachs officer informed the Editor recently, the derivatives ‘are worth what someone is prepared to pay for them’.

Now that they have been exposed as intrinsically worthless, the only parties who will pay anything for them are those compartmentalised zombies who have not yet understood that there has been a fundamental discontinuity which cannot be ‘made good’ or denied.

Figure 2 [Page 27] provides a close-up of the right-hand side of Figure 1, showing how a single loan triggering one solitary cash flow of mortgage payments is typically leveraged and intermingled with other such cashflows into exotic ‘derivatives’ known as ‘Structured Products’ via pools which are sold on to investment banks before being marketed internationally, where the US securities legislation (the 1933 and 1934 Securities Acts) does not apply.

Figure 3 [page 33] follows the funds paid to the US investment banks for the on-sold ‘Structured Products’ by the foreign institutions (Deutsche Bank, Barclays Bank, Bank of England, Natwest and Coutts, in the illustrations) and by General Motors, Ford Motor Company and General Electric (as illustrated), which invest them with Carlyle, Carlyle Capital and other ‘top’ hedge funds and ‘private equity’ entities such as those whose representatives attended the ‘Goldman Sachs Roundtable’ meeting on 10th February and benefiting insiders such as George Bush Sr. and James A. Baker III*.

A placard on Figure 3 reads: ‘PURPOSE OF TARP OP: TO INJECT VALUE INTO WORTHLESS ‘STRUCTURED PRODUCTS’, AND THEN ‘START OVER’’.

Meanwhile, since ‘Fannie Mae’ and ‘Freddie Mac’ are now controlled directly by the Federal Government (the Treasury), they re-pool and repackage ‘fresh’ ‘Mortgage-Backed Securities’ (‘Structured Products’), enabling the process to begin again. The chart proclaims at this point;

• START OVER: and the selling into the market ‘starts over’.

So Carlyle, Carlyle Capital and the other hedge funds and ‘private equity’ entities repurchase the newly created Mortgage-Backed Securities (MBSs), CDOs (Collateralised Debt Obligations) and CDSs (Credit Default Swaps) from the market for purchase by the US Treasury under the TARP scheme using (in the case illustrated) the Paulson TARP bailout money for the purpose.

This procedure reliquefies Carlyle, Carlyle Capital and the other hedge funds and ‘private equity’ entities by generating a flow of cash from the Treasury into their accounts.

An explanatory box labelled ‘How the TARP scam to refund worthless toxic ‘Structured Products’ to benefit the above* was supposed to operate. It all went horribly wrong’, positioned at the lower right-hand corner of Figure 3 explains further:

• STEP ONE: Assign [False – Ed.] value to Mortgage-Backed Securities, Collateralised Debt Obligations and Credit Default Swaps and other derivative ‘assets’.

• STEP TWO: Purchase funds: First to Carlyle et al.

• STEP THREE: Carlyle et al.: Repurchase derivatives from the market and onsell them to Treasury under the TARP program.

Postscript: The TARP scheme is thus SPECIFICALLY shown, with the assistance of these diagrams which will appear on pages 25, 27 and 33 of International Currency Review Volume 34, #2, to have represented an operation concocted by the corrupt Paulson Treasury, to refinance and revalue the worthless derivatives trash ‘assets” and to refinance Carlyle, Carlyle Capital etc. – whereas it was fraudulently marketed to Congress and to the American population as a bank bail-out programme which was also intended to alleviate the mortgage ‘crisis’. It represented, therefore, a fraud on the United States Government, the American people and the whole world.

The new version of TARP under President Obama, marketed as an economic stimulus bill, has the same primary objective as the TARP scheme. It is NOTHING to do with resolving the crisis and, like Geithner’s incoherent and immediately discredited proposals, will be seen to represent another fraud – probably a fraud too far.

Significantly, the Chinese authorities were reported on Friday 13th February to have informed Mrs Hillary Clinton, whose own involvement in criminal financial operations they of course know all about, that if the United States is to receive further Chinese investments in US Treasury securities, the US Government will need to guarantee all preceding Chinese investments in US dollar assets. In other words, the Treasury must provide and insurance wrap or guarantee for Chinese investors, including the Chinese Government.

• Translated into the vernacular, this riposte represents a Chinese official black eye or raspberry for Mrs Clinton and the Geithner Treasury; or to be more precise, the Chinese have told the US Secretary of State, who removed $500 million from Bank Crozier in Grenada, to GET LOST.

FAT CAT BRITISH BANKERS SO SORRY THEY LOST THEIR OWN MONEY
If after killing ten people while driving under the influence of alcohol you say to the policeman who is arresting you ‘I’m ssh-sho shorry, offisher, I couldn’t sh-shee where I wash going’, the fact that you have apologised to the policeman will not prevent you being arrested and cuffed, hauled off to a police cell, breathalysed, dragged into court, remanded in custody, put on trial and sentenced for grievous bodily harm and manslaughter, after losing your driving license.

However if you are a British banker and a big mason as well, and you have spent two decades presiding over banking fraud in which your institution has enthusiastically participated, you are liable to imagine that you can apologise’ profusely in order to avoid the consequences of your criminal behaviour – while spattering your fake apologies with gratuitous references to the fact that you personally have lost millions and are much poorer as a consequence of the fact that your bank frauds have been found out. Further, when analysed, your apologies are discovered not to represent personal apologies at all, but merely ‘regret’ at the ‘turn of events’.

That these creatures live in a cocooned world of legitimised corruption was confirmed when, as the Financial Times reported on its front page [11th February 2009], four previously ‘top’ British ‘Fat Cat’ bankers made the following arrogant statements to Members of Parliament:

• Lord Stevenson, Former chairman of HBOS: ‘We are profoundly, and I think I would say unreservedly, sorry at the turn of events… All of us [Fat Cats] have lost a great deal of money’.

Translation: We are not sorry for our participation in the Ponzi frauds. What we are sorry about is that our Fraudulent Finance operations came unstuck, as a consequence of which we personally have lost a huge amount of money. It’s a shame because we were all doing so well before the discontinuity, weren’t we.’.

• Andy Hornby, former Chief Executive of HBOS: ‘I don’t feel I am particularly personally culpable … I have lost considerably more money in my shares than I have been paid’.

Translation: ‘All I care about is that I have personally lost money. I couldn’t care less that as a direct consequence of my own participation in the Fraudulent Finance derivatives scams, I have brought the whole world to the edge of ruination’.

• Sir Tom McKillop, former chairman of Royal Bank of Scotland: ‘We bought ABN Amro at the top of the market. So anything we paid was an error. Everything we paid, basically, has not been worth it. In fact, we are sorry we bought ABN’.

Translation: ‘I’ll fob them off with this bromide so that they don’t get round to asking me why on earth we bought ABN Amro, because if they were to ask me that, I would have to reveal that we bought ABN Amro in order to obtain control of a vast portfolio of secret accounts containing stashed accruals generated through Fraudulent Finance operations that we were lusting after’.

• Sir Fred Goodwin, former Chief Executive of Royal Bank of Scotland: ‘I could not be more sorry for what has happened. But I’ve invested a lot in RBS… it’s of great distress for me to see what particularly my colleagues are going through’.

Translation: ‘However I am not going to mention that I presided over the construction of a huge campus for my bloated institution using the proceeds of dubious Fraudulent Finance transactions, and neither shall I be making any reference whosoever, if I can get away with it, to the fact that we plastered Caribbean airports with garish posters encouraging investors including by definition agents handling the proceeds of CIA-developed drug-trafficking operations, to park the funds they control with Royal Bank of Scotland’.

BARCLAYS BANK’S FALSE BALANCE SHEET
Luckily for the Show Trial bankers on display, none of the MPs on the investigating Committee asked the key question: what was the source of the funds you were playing with?

Likewise, when the institution regarded by experts as even more corrupt than Royal Bank of Scotland, Barclays Bank, suddenly announced on 9th February that it had expanded its balance sheet over the preceding 12 months by £900 billion, so that Barclays’ assets and liabilities both mushroomed to more than £2.0 trillion, NO-ONE in the media bothered to ask Barclays about its source of funds. The Gross Domestic Product (GDP) of the United Kingdom is about £1.4 trillion.

The ‘source of funds’ issue was passed off on the basis that the bank had acquired hundreds of billions of dollars of derivative positions alongside the bank’s acquisition in September of the North American ‘assets’ of Lehman Brothers.

Obviously, if Barclays Bank were to fail – dismissed as an ‘unlikely event’ on the 10th February 2009 by The Times’ Banking and Finance Editor, Patrick Hosking – the size of Barclays’ balance sheet would have serious repercussions for British taxpayers and would destroy the creditworthiness of the British Government. But is it really ‘unlikely’ that Barclays Bank, stuffed with worthless assets that it values fraudulently at full fake value, might fail?

ON FRIDAY 13TH FEBRUARY, LLOYDS TSB’S SHARE PRICE COLLAPSED BY 35%. In the evolved context, there is no such thing any more as a bank that’s TBTF (‘Too Big To Fail’) because, on the basis of fraudulent valuation, such prospectively failing institutions now have balance sheets that exceed the total value of the host country’s Gross Domestic Product by an order of magnitude.

It’s stupid to suggest that such failures are ‘unlikely’ when the glaring reality is that as a direct consequence of their decades of playing Ponzi, these banks are all technically bankrupt.

Barclays Bank is a puff fish: its balance sheet was puffed up by $900 billion of fake ‘assets’ that have no value [see below] which the bank says have value and which its accountants corruptly certify as having value. The auditors for Barclays Bank had better be well protected by adequate insurance against being sued by an army of scammed depositors and others when it transpires that this institution is in fact bankrupt and that the British authorities cannot possibly bail it out.

• The same now applies to Lloyds TSB.

WHY WE WERE TOLD TO ‘COOL IT’ ON CRITICISING BANKERS
Meanwhile, in our report dated 25th January 2009, you may recall that we ran some paragraphs under the heading ‘BRITISH MINISTER CALLS FOR CORRUPT BANKERS TO BE ARRESTED’.

Specifically, we referenced a front-page report in the Times of 24th January 2009, in which Lord Myners, the Brown Government’s Minister for the City of London, was reported to have demanded the arrest and indictment of British bankers engaged in Fraudulent Finance practices [see, for instance, above]. The newspaper had reported inter alia as follows:

‘A furious onslaught on banking’s “Masters of the Universe” has been unleashed by Mr Gordon Brown’s City Minister. Too many bankers fail to realise they are grossly over-rewarded and have no sense of society… Lord Myners says that the banks have been mismanaged, and [has delivered] the strongest attack [by UK officials] so far on those responsible’.

‘Lord Myners says that there will have to be fundamental changes in the way that banks operate and that ‘the golden days of huge bonuses in the investment banking arms are gone…’.

‘He calls on banking boards and shareholders to stamp on the reckless behaviour of bosses and adds’ – crucially, which is why we quoted this – ‘that if people have committed crimes, they should be prosecuted’’.

We then added the following elaboration:

‘In view of the fact that we have been reporting arrests of bankers until we are blue in the face (with more reported below), this outburst, late in the day as it is, represents evidence that the too-slow-to-come-to-its-senses UK official sector has at long last been shocked into the realisation that this is a CORRUPTION CRISIS first and foremost’.

‘ALL RESPONSES SHOULD BE BASED ON THIS PREMISE, rather than on the more palatable presumption that this is ‘simply’ a systemic global financial crisis of the utmost gravity’.

In our report dated 30th January 2009, under paragraphs headed ‘ATTEMPT TO GAG US FROM REPORTING UK FRAUDULENT FINANCE DEVELOPMENTS’, we stated:

‘… A few days ago, the Editor was asked: would we hold back on any further comment arising from Lord Myners’ belated observation, reported in the preceding analysis, that those engaged in the FRAUD in the banking sector in Britain should be prosecuted.

‘We were about to add that the Conservative Party leader, David Cameron, interviewed on Sky News on 26th January, elaborated:

‘We need to look at the behaviour of banks and bankers, and where such people have behaved inappropriately, that needs to be identified, and if anyone has behaved criminally, in my view, there is a rôle for the criminal law/ I don’t understand why in this country the regulatory authorities seem to be doing so little to investigate it, whereas in America, they are doing quite a lot’.

On 10th February 2009, The Times’ columnist Rachel Sylvester kindly unravelled the conundrum surrounding the question of why the Editor was suddenly asked to ‘hold it’ with reference to further elaboration of Lord Myners’ entirely correct warning that criminal bankers should be prosecuted. In her article entitled ‘Labour can’t control the pinstriped puppets’, she wrote:

‘Lord Mandelson, the Business Secretary, was less than pleased when Lord Myners, the City Minister, launched an onslaught against the “grossly over-rewarded” Masters of the Universe last month. “A key part of New Labour was to recognise the importance of wealth makers”, a certain Government aide says. “A big tactical error would be to unleash a lot of anti-banker rhetoric”’ (3).

Ah, so NOW we know we know why we were requested, via the MI-6-X-Y-Editor transatlantic loop, to ‘go easy’ on criticisms of bankers, and especially on suggestions that those British financial sector executives believed to have been engaged in criminal Fraudulent Finance should be prosecuted.

The source behind this request was none other than the intelligence operative Lord Mandelson himself. Lord Mandelson, it appears, is not at all keen that banking executives should be punished for their financial crimes: so he let it be known that the Editor should be informed accordingly.

A COUPLE OF PERTINENT ‘PERISH THE THOUGHTS!’
Whether this means that Mandelson reads our website, and whether it further implies that he is under pressure from a certain powerful a sponsor, is something that we won’t need to go into at this juncture: no doubt this aspect of the matter, like everything else, will ‘come out in the wash’. But for the time being, Heaven forbid that a British Minister of the Crown should be interfering in the legal process by becoming actively engaged in discouraging justified calls for these heads of criminal financial enterprises, past and present, to be prosecuted for fraud. Perish the thought!

It cannot possibly be the case, either, that when, as Chancellor of the Exchequer, Gordon Brown appointed Dr Alan Greenspan as an adviser, the frequently arrested Dr Greenspoon was actually employed to advise the then Chancellor on how to PREVENT the lid blowing off the London-based derivatives Ponzi scamming pressure cooker, on behalf of his mentor and fellow criminal finance Godfather, George H. W. Bush Sr., and his co-conspirator and partner in these giga-financial crimes Tony ‘Rollover’ Blair, can it? Perish that thought as well.

• A correspondent writes from the United States to inform us that his mother, who lives in Ruislip, Middlesex, bought an apartment outright (for cash) on a 125-year lease, with no mortgage.

But in March 2004, she obtained a short-term loan from Northern Rock which, as we know, was extensively engaged in Fraudulent Finance operations, with a Clinton-linked subsidiary operation out of Jersey, Channel Islands. When the lady paid off the loan, in less than three months, she then requested that the lease documents used for collateral purposes be returned to her from Northern Rock. The bank informed her that they could not locate the documents.

She wrote letters to Northern Rock, who responded that they would arrange for copies to be sent from the Land Registry. The lady said that she did not want copies, but the originals. Northern Rock stated that they did not hold the originals, even though they had taken the originals as collateral for the loan. The poor lady then complained to the Banking Ombudsman, who proved to be completely ineffective (suggesting that the UK Banking Ombudsman is there to protect the UK criminal banks involved in this activity, rather than the customer). In the end, the lady obtained two copies of the lease documents from the Land Registry (in December 2004 and March 2005).

The correspondent requested our help: and although we simply cannot take on ‘cases’ (since we receive several such distressing cases with a request that we investigate them every month from the United States), in this sole instance we responded that if we were provided with the relevant underlying correspondence, we will take the matter up with Northern Rock, with the suggestion that if the new Government-sponsored management of this institution persists with the stance that they cannot now retrieve this person’s original lease documents, we will then expose the nationalised Northern Rock as remaining complicit in these evil fraudulent finance operations under the British Government’s protection based upon the corrupt alienation of underlying property documentation. We now await receipt of the relevant correspondence.

SNAPSHOTS OF PONZI CRISIS FALLOUT IN BRITAIN AND EUROPE
Meanwhile the fallout from exposure of the Fraudulent Finance practices continues to reverberate across Europe. A snapshot of some developments on 11th to 13th February under this heading will illustrate that multilingual chickens are coming home to roost:

• City of London:
Half a dozen financial services businesses in the City were reported on 11th February to be under investigation by the Serious Fraud Office SFO), which is equipped with a new Director, Mr Richard Alderman, who has replaced previous management considered by the Editor of this service, from first-hand experience of the SFO’s failure to investigate manifest frauds committed by a European Commission-linked British firm, to have been duplicitous and compromised. Whistleblowers have reportedly drawn the SFO’s attention to the activities of colleagues and others; and the SFO’s own lawyers are said to be coordinating their inquiries with the Financial Services Authority and the City of London Police. The SFO is also using US-style ‘swat teams’ in City fraud investigations.

Additionally, it was revealed on 13th February (The Times, London) that Terry Freeman, né Sparks, a Director of GFX Capital Markets was detained by a specialist unit of the City of London Police at his Essex home on Monday 9th February 2009. A source was quoted as telling the newspaper that ‘the Police are looking to see if he was a mini-Madoff. There are elements of a Ponzi scheme but what they have to determine is whether the business became that after it got into trouble or else whether it was a Ponzi all along’.

• However OUR question is more to the point: Is this one of the ‘ten Madoffs’ waiting to blow in Europe, referenced in the preceding report?’

Freeman’s fund ceased trading in January 2009, leaving hundreds of clients who had invested between £5,000 and £500,000, chasing their money to no avail. Freeman-Sparks set up GFX in 2004.

Unsurprisingly, trouble started precisely in SEPTEMBER 2008 (the $14.0 trillion was, you will recall, placed into ‘lockdown’ on 12th September 2008: the Editor received the ‘triple gunshot voicemail’ on the following Saturday), when GFX’s clients were suddenly unable to obtain new statements and were prevented from withdrawing their funds. The postings on Mr Freeman’s ‘Trader’s Diary’ blog became erratic and many clients became anxious after finding they could not contact the principal.

The firm suspended its operations immediately ahead of the Madoff arrest, on 3rd December 2008.

A message written by a ‘concerned investor’ posted on Mr Freeman’s blog reads: ‘Terry is being investigated by the City of London police for fraud, money-laundering and unregulated trading. The offices in London are no longer manned’. Police confirm that Freeman has been interviewed with respect to allegations of money laundering and potential offences under the Financial Services and Markets Act, but has been released pending further enquiries.

• British Government:
A few days ago, the British press revealed that Sir James Crosby had resigned as Chairman of the Financial Services Authority which is supposed to be aggressively investigating City-wide Financial Ponzi-model fraud, after he was accused of having sacked a senior HBOS executive who had been warning of excessive risk-taking at HBOS and that the bank was shattering all the known rules of commercial banking behaviour and prudence. The sacked executive, in a memorandum to a House of Commons Committee, noted that his many conscientious warnings were sternly rebuffed, and that there was a sterile culture of ‘not rocking the boat’ and ‘don’t tell me what I don’t want to hear’ at the banking entity which has since been taken over by Lloyds TSB, in an unwise move which has severely weakened that institution and its reputation.

On 13th February it was further revealed in the British press that an American, Glen Moreno, the Director and Chairman of the newly established entity set up by the Brown Government called UK Financial Investments, which is supposed to preside over and supervise the progress of how the Government’s bank bail-out money is used, had resigned from his new post (which he only took up a few weeks earlier) amid allegations that a Liechtenstein institution with which he has links is (of course) involved in tax evasion operations.

The resignation followed Treasury questions in the House of Commons, during which the highly respected and skilled Conservative MP, Michael Fallon asked: ‘Can it really be right that the body looking after the taxpayers’ interest… should be chaired by Mr Moreno who appears to have been so heavily involved in tax dodging in Liechtenstein?’ It has transpired that Mr Glen Moreno was a trustee of Liechtenstein Global Trust (LGT), a private bank accused of facilitating large-scale tax avoidance. A former employee at LGT, Heinrich Kieber, revealed the existence of secret offshore accounts held by tax-evading US politicians and others in the United States and other countries.

• Belgium:
Shareholders in Fortis rejected a state rescue plan to carve up the banking and insurance group, defying Belgian Government warnings that Fortis will face total collapse. On 11th February, Belgian Ministers convened an emergency meeting to try to prevent the dispute bringing down yet another coalition Government, following the collapse in December of the Belgian Government led by Yves Laterme over the handling of the nationalisation of Fortis, Belgium’s largest single employer. More than 5,000 angry shareholders roared with delight as their votes blocked a plan to sell part of the Fortis Group to BNP Paribas, another huge institution which is up to its neck in Fraudulent Finance, with the Belgian state taking control of Fortis’s lending operations. Shareholders had won a court case to delay the Belgian Government’s blueprint for the carving-up of Fortis until they had been consulted. The Belgian Finance Minister, Didier Reynders, said that the entire enterprise would face bankruptcy if the shareholders blocked the deal. The total liabilities of Fortis are equivalent to four times Belgian Gross National Product. The interest rate spread between Belgian official debt and German Bunds soared by 125 basis points on fears that the Belgian Government may have to take over the liabilities of Fortis, further undermining the creditworthiness of the Belgian state. Again, these liabilities the false values attributed to the trash ‘assets’ on Fortis’ balance sheet.

• Ireland:
The latest banking scandal to break in Ireland concerns the discovery by Government-appointed investigators that Irish Life & Permanent had transferred more than six billion Euros billion £5.4 billion) of deposits to the books of the Anglo Irish Bank very shortly prior to the end of the bank’s financial year, only to withdraw the exact same amount some weeks later. Most of the funds were deposited on the final day of the bank’s most recent financial year. Moreover the bulk of all these deposits were placed just hours after the Irish Government had announced a guarantee to insure all deposits and debt liabilities held at Irish banks. The Finance Minister, Brian Lenihan, says that he was aware of certain unacceptable practices, including the transfer from Irish Life, when the decision was made to nationalise the bank.

Given these shady practices, the Office of the Director of Corporate Enforcement and the financial sector regulator have initiated investigations into these transactions, which may result in criminal proceedings: Lord Mandelson, please note. The Irish Defence Minister, Willie O’Dea, elaborated:
‘If it transpires that Anglo Irish, or any bank, was artificially building up its deposits to give a false picture of its financial health, that would be very, very, very serious’.

• European Commission:
A leaked memorandum prepared for the EU Finance Ministers (ECOFIN) was reported to have warned that the so-called ‘toxic’ debts of European banks risk overwhelming some of the weaker EU ‘Member States’ and ‘may’ [sic] present a systemic danger to the overall EU banking system. Countries which the authors of the document appeared to have in mind are those with bloated banking systems, namely: Ireland, Britain, Belgium, Netherlands, Austria, Sweden and a non-EU country, Switzerland. Some crucial passages from this document have surfaced, including:

‘Estimates of total expected asset writedowns suggest that the budgetary costs of asset relief could be very large both in absolute terms and relative to Gross Domestic Product’.

‘For some Member States, it may be the case that asset relief for banks is no longer an option, due to their existing budgetary constraints and/or the size of their banks’ balance sheets relative to GDP. The extent of any possible risks to the European Union’s banking system as a whole from an inadequate response in these Member States needs to be considered’.

EUROPEAN COMMISSION’S DELUSIONS ABOUT ‘ASSET RELIEF’
It will have been noted here that the European Commission is looking at ‘asset relief’ as though this is a viable policy – when what is actually implied here is that the false values of the fundamentally valueless derivatives ‘assets’ are supposed to represent actual liabilities which the governments in question might be called upon to honour.

This is a strategy of certain ruin in an environment that is also destroying the fabric of Economic and Monetary Union (EMU) and its add-on provisions. For instance, contrary to all EU norms, the Irish budget deficit is projected to reach 12% of GDP in 2010, with the equivalent measures in both Spain and the United Kingdom expected to reach 10% of Gross Domestic Product.

All three countries have been ‘enronised’ and used as ‘trading platforms’ by the Bush Sr.-Clinton Greenspan organised criminal Fraudulent Finance Ponzi derivatives offensive.

SWISS RE SCRAPS ITS DERIVATIVES OPERATION COMPLETELY
On 12th February 2009, the world’s largest reinsurer, Swiss Re, dispensed with the services of Jacques Aigrain, its Chief Executive, a former JPMorgan investment banker, who had shifted the organisation into risky derivatives operations. Swiss Re announced a record full-year trading loss of SwFr1.0 billion (£602 million) after announcing a week earlier that it was scrapping its investment bank altogether. That entity traded ‘Structured Products’ such as Credit Default Swaps (CDOs), triggering a writedown of SwFr6.0 billion (£3.6 billion) for the full year in question.

Swiss Re pointedly replaced M. Aigrain with Stefan Lippe, an insider, who previously headed the group’s property and casualty and life and health underwriting divisions. In other words, the entity placed a veteran professional reinsurer into the outgoing CEO’s slot, signalling that it would be reverting exclusively to its core business, and would have nothing more to do with derivatives.

Note that the dismissed CEO who took Swiss Re on a derivatives wild goose chase, came from JPMorgan. Translation: Swiss Re not only closed down its so-called investment banking operation, but also reflected the true position, by VALUING THE DERIVATIVES ‘ASSETS’ AT ZERO.

• This is the kind of evidence of the worthlessness of these fraudulent assets, that cannot be ignored, even by derivatives market ideologues,

• FACT: Many of the colossal losses being logged by financial institutions reflect the fact, which is never reported, that they are ACTUALLY engaged in purging their books, or those of subsidiaries, altogether of the fraudulent derivatives ‘assets’ which were previously reported to have value, but which, since the discontinuity, have been seen to be worth nothing at all.

• ANOTHER FACT: One reason this is happening is that accountancy firms (auditors) do not relish the prospect of being sued for negligence in having signed off on accounts containing fraudulent valuations of derivatives ‘assets’ – given the general climate that has arisen due to the concrete discontinuity, in which it is now universally recognised that derivatives have no value and can no longer be fraudulently passed off as though they do.

WORST PROSPECTS FOR BRITAIN SINCE 1931
In announcing that Britain faces its steepest downturn since the postwar years of 1945 and 1946 and its worst peacetime contraction since 1931, with real Gross Domestic Product expected to contract in real terms by 4% year-on-year in 2009, the Governor of the Bank of England, Mervyn King, warned on 11th February that unless the British Government and policymakers worldwide succeeded in ‘bringing the banking crisis to an end’, the consequences for the UK economy could be even more severe. Mr King added:

‘The United Kingdom economy is in deep recession. The length and depth of the recession will depend to a significant extent on developments in the rest of the world, where a severe economic downturn has taken hold’.

• No measures have been taken that can bring the banking crisis to an end.

On the contrary, all the measures that have been taken are precisely the reverse of what needs to be done, being predicated on the basis of the false assumption that the ‘toxic derivatives assets’ have value, and can be revalued with the new (false) values fixed, which is a fanciful pipedream as Mr Geithner is discovering for himself.

GOVERNMENTS UNABLE TO HANDLE HUGE INSTITUTIONAL COLLAPSES
By extension, and as can be seen from the above, governments are panicking in the face of a general expectation that they will indeed become progressively (or suddenly) liable to guarantee and therefore honour the liabilities of the recalcitrant criminal enterprise banks.

Against this background, they have embarked upon a desperate policy of printing money, a.k.a. of quantitative easing, to balloon the money supply, and to expand government debt on a scale with no precedent, thereby effectively ensuring a ‘wheelbarrow’ future.

Instead of adopting this ill-advised and manic non-strategy, the governments concerned should do what the Group of Seven financial powers agreed to do at their meetings in both 2007 and 2008, and which they have so far FAILED to do.

• That policy is spelled out in the section entitled THE SOLUTION.

Governments have failed to implement the strategy that the G-7 agreed upon in 2007 and 2008 because they are fearful of the big criminal enterprise banks and of the powerful traders and intermediaries that wish to continue the Fraudulent Finance carousel operations, as though there had been no discontinuity – in order to recoup the funds they lost in dancing to the enticing tunes played for them by Godfather Bush Sr. and his sorcerer-in-chief, Dr Alan ‘Bracelets’ Greenspan.

And behind this sabotage lies the factor identified earlier – namely, the criminal finance intentions and covert self-financing practices of the US ‘State within the State’ which controls the Executive Branch, selects its leading figures, and has usurped the power of the Executive.

In order to sustain this position, the CIA, controlled by the Bush-DVD faction inside the Intelligence Power, has seen to it that its Fraudulent Finance Ponzi operations have been exported to as many counterparties abroad as the external platforms that have been compromised can muster.

By enticing so many swarms of flies into its web the Bushspider operating out of the George Bush Center for Financial Terrorism has attempted to preclude the discontinuity that has actually taken place – namely, exposure of the fact that these transactions are ALL FRAUDULENT.

The US Treasury’s cack-handed attempt to perpetuate the fraud, by having the corrupt Federal Reserve fund exotic new US Treasury instruments (or ‘Geithners’) ‘enhanced’ with an insurance wrapround and a deceitful Treasury ‘good health’ label, has both invited ridicule and drawn global attention to the relevance of Mervyn King’s warning that the situation will deteriorate sharply ‘if the world’s policymakers fail to bring the banking crisis to an end’.

There is, and has always been, ONLY one way to bring the global banking crisis to an end: and that is to implement, without further obtuse delay, the Refunding Programme for the US dollar and world trading system agreed upon by the Group of Seven Financial Powers in 2007 and 2008:

• See under SOLUTION, above.

MADOFF UPDATES
Following the revelation that Mrs Ruth Madoff removed about $15.5 million from a Massachusetts brokerage firm operating as a Ponzi scheme ‘feeder’ funnel into the Madoff giga-Ponzi enterprise during the three weeks prior to Bernard L Madoff’s arrest on 11th December 2008, it has emerged that a far larger number of people than previously envisaged, have been scammed and/or affected by the Madoff dimension of the George Bush Sr. global financial corruption nexus.

According to Court documents filed by the Massachusetts securities regulators, Mrs Ruth Madoff withdrew $5.5 million from Cohmad Securities on 25th November and a further $10 million on 10th December. This information is detailed in two wire transfer receipts filed by Mr William Galvin, the Massachusetts Secretary of State.

These wire transfer orders represent the first open evidence that any member of Madoff’s family was assembling cash immediately before Madoff ‘confessed’ on 11th December that he had been running a gigantic ‘Ponzi scheme’ for years. Mr William Galvin seeks to revoke Cohmad Securities’ registration in Massachusetts for failing to cooperate with his investigation.

This State filing coincided with US Federal prosecutors being granted another extension, to mid-March, to file an indictment or present evidence against Mr Madoff. The Financial Times reported on 12th February 2009 that ‘Mr Madoff’s attorney and prosecutors have been in discussions about a “possible disposition” of the case, according to a Court document filed on 11th February. This could mean that prosecutors and the defence are attempting to work out a deal before trial. Mr Madoff has already agreed to a partial settlement with civil authorities’.

These developments reek of an ‘insider stitch-up’, as trailered by this service in our earlier report on this subject. The forthcoming issue of International Currency Review, Volume 34, #2, contains facsimiles of the early Madoff Court case documents obtained by the Editor from the United States District Court for the Southern District of New York during his pre-Christmas visit to New York, with a great deal of related background information.

On 13th February, Bloomberg reported that Mr Madoff’s defence attorney, Ira Sorkin, may have a conflict of interest in defending his client because the lawyer’s parents invested with Bernard L. Madoff until 2007. Madoff’s Ponzi operations are thought to have functioned as early as the 1970s.

An IRA (Individual Retirement Account) opened by Sorkin’s father was inherited by his mother in 2001. When his mother died in 2007, the IRA was cashed out. Joan Meyer, a former prosecutor who is now a partner with Baker & McKenzie LLP, said:

‘If one of his close family members was the recipient of that money and essentially benefited from that fraud scheme, it’s something that an attorney would clearly have to consider’. The Wall Street Journal reported that the account was divided between Mr Sorkin’s sons, Roger and Peter.

Ms. Meyer elaborated that defendants who sign waivers for their lawyers in such prospective conflict-of-interest cases and who are later convicted, have been known to claim that the waiver was obtained without sufficient information or was sought in respect of conflicts that cannot be waived, potentially leading to what Ms. Meyer called “a litigation issue in the future”.

Sorkin’s name and those of his parents appeared on the 162-page list filed in the US Bankruptcy Court in Manhattan [see our alphabetic listings, reports dated 6th February 2009]

Other links between Sorkin and Madoff over the years have also been dredged up recently.

All we would say at this stage is that this state of affairs may, we suspect, turn out to be ‘extremely convenient’ for Madoff in due course, and comparably ‘embarrassing’ for the US Government.

• On purpose?

OUR SUSPICION OF A STITCH-UP IS SUPPORTED BY ANOTHER SOURCE
The Editor’s early published suspicion that the Madoff crisis was vulnerable, given the drafting in of certain ‘connected’ attorneys, to being ‘stitched up behind closed court doors’, and our earlier allusions to the reality that the Madoff Ponzi operation was linked to the Bush-Clinton-Chicago organised crime Octopus are supported by the following excerpt from Wayne Madsen’s WMR website (dated 9th February 2009):

‘The Securities and Exchange Commission (SEC) announced that it had cut a deal with $50 billion Ponzi scammer Bernard Madoff whereby Mr Madoff will neither admit nor deny fraud claims against him in a suit brought by the SEC. In return Madoff has agreed to pay civil fines and penalties levied by the SEC. The agreement has no bearing on Madoff’s criminal trial’.

‘WMR has learned that in addition to 20 million documents stored by Madoff in a warehouse in Queens that were stored without any indexing system and merely placed in boxes and strewn around the floor, are millions of additional documents that were stored by Madoff in a Brooklyn warehouse that was partially flooded. A number of Madoff documents there were destroyed by water damage’.

‘WMR has also learned that a key element in Madoff’s Ponzi scheme was Madoff Energy LLC, formed as a Delaware corporation in February 2007. Other Madoff firms in the energy arena were Madoff Energy Holdings LLC, Madoff Energy III LLC, and Madoff Energy IV LLC. There are links between these now-defunct Madoff energy entities and Texas oil and natural gas industry interests, some close to the Bushes and Dick Cheney’.

‘WMR has also learned that the kid glove treatment given by Federal authorities to Madoff, including allowing him to remain in his Upper East Side luxury town home, is because Madoff’s Ponzi scheme was part of a much larger operation, one involving top officials of both the George W. Bush and Barack Obama Administrations, as well as the notorious Russian-Israeli Mafia’.

• JUST AS WE INDICATED EARLIER.

CRUDE CIA BLACKMAIL THREAT AGAINST MI-6
The Madsen report dated 9th February 2009 also contained a veiled threat of CIA blackmailing operations against the British Government which we understand to be a further dimension of the bitter intelligence war and stand-off between the threatened US Intelligence Power and the British intelligence services centred around the issue of The Queen’s LOAN funds.

The veiled threat is interpreted by us as a deliberate provocation by the beleaguered CIA which is resisting the inevitable implementation of the G-7 – Approved Refunding Programme because of its fear that it will then lose key sources of illicit finance which are the fountainhead of its usurped power over the Executive Branch and what it has hitherto considered to be its unchallengable US and worldwide hegemony.

Madsen, who is widely used to run ‘trailers’ of what the CIA and its affiliate entities have in mind, and whose service also specialises in ‘breaking’ connections that certain US forces want ‘out there’ for their own reasons – and who has, significantly, NEVER alluded to our reports, indicating that his service may engage in selective reporting – referenced the controversy surrounding the detention and brutal treatment in Gantanámo of Binyamin Mohamed, whom Madsen INCORRECTLY claimed to be an Ethiopian citizen when in reality he is a British citizen, and whose lawyers have demanded that the British Foreign and Commonwealth Office turn over 42 classified documents that reveal how Mohamed was tortured, renditioned between Afghanistan, Pakistan, Morocco and Cuba which, Madsen reported ‘may also shed light on the British Government’s involvement in kidnapping and torture’.

The source elaborated:
‘WMR has learned that the CIA, with the support of the Barack Obama Administration [sic! The CIA CONTROLS the Obama Administration], is threatening to release details of other British abductions and torture if London proceeds to reveal details of the kidnapping and torture of Mohamed’.

The report then went on to spell out what blackmail cards the CIA thinks it holds against MI-6, which has the power and responsibility (see our earlier reports) to procure the implementation of the Settlements and the Refunding Programme.

The following package represents a crude, typically CIA-style blackmail threat:

‘Specifically, the CIA is in possession [how on earth does Madsen know? – Ed.] of potentially embarrassing details of the abduction and torture by Britain’s MI-6 intelligence service of 28 Pakistanis abducted by British agents in Athens after the July 7, 2005 transit bombings in London’. The report continued to elaborate on this matter in a tone which can only be described as very threatening, concluding with the following:

‘With suspicions growing that Milliband [British (Jewish) Foreign Secretary] and Prime Minister Gordon Brown are involved in a major intelligence cover-up, any US disclosures about Britain’s rôle in renditions and torture, violations of international and European law, could result in a further erosion of support to Labor in Britain…. If the British Government reveals details of Mohamed’s rendition and torture by the Americans, it can be expected that there will be a mutually-assured destruction campaign waged between Washington and London’.

The only problem with this barefaced blackmail threat is that a British Judge had already ruled – but in furious language, prompting superheated exchanges recently in the House of Commons – that the relevant information about the Americans’ brutal treatment of Mohamed would NOT be released for unspecified security reasons ‘and in order to preserve the essential confidences inherent in the intelligence relationships between the two countries’, or verbiage to that effect.

The British Foreign Secretary (Miliband) then elaborated at great length in Parliament about why the information would not be released.

• In other words, Madsen’s belated CIA blackmail threat was sterile, beyond its expiry date and empty – suggesting that the CIA was scratching around looking for some further pretext to exert pressure on the British, given the stand-off over the G-7-Approved Refunding Programme which it is systematically blocking.

• A pretty feeble operation, which was flattened when the British authorities saw through the CIA’s typically sordid blackmail attempt.

IN MEMORIAM
William Foxton OBE, a distinguished British Army officer, who rose from the ranks in the Green Jackets regiment, lost his arm in combat, and worked for United Nations missions, the French Foreign Legion and the Sultan of Oman, shot himself in the head on 10th February 2009 (not 1983) after losing his life’s savings in the Bush-Madoff Ponzi operation.

Major Foxton killed himself in a park near his home in Southampton. His son, Willard, 28, said of Madoff and associates:

‘They have got my father’s blood on their hands’. The retired soldier had invested some of the money he had earned while serving the Sultan of Oman, in two hedge funds that were rolled into Madoff’s scheme, and had lost ‘a six- or seven-figure sum’, according to Mr Foxton Jr.

‘Essentially I want Madoff and others to know that they have my father’s blood on their hands. I’m very angry. My first thought was to show up at Madoff’s trial in New York and throw my father’s medals in his face’.

If there is a trial, that is: right now, our early suspicion that the Bernard L. Madoff scandal and its reverberations were liable to be stitched up behind corrupt court doors by corrupt US lawyers trying to cover up for George Bush and the Clinton Chicago FBI and the other financial gangsters behind this corruption, looks as though it may have been right on the mark.

REACTIONS TO OUR REVELATION CONCERNING MICHAEL C. COTTRELL, B.A., M.S.
In the preceding report, dated 8th February 2009 we revealed for the first time that Michael C. Cottrell, B.A., M.S., is instructed to proceed with the Group of Seven-Approved transparent Dollar System Refinancing Capital Markets transactions on the basis of the $6.2 trillion of LOAN funds provided mainly by Her Majesty the Queen designed to generate taxable REVENUE on the books, thereby refloating the banks ON BALANCE SHEET.

This information was published because it had finally become clear that, despite all the reiterated promises, undertakings and assurances from behind the scenes that the G-7-Approved Refunding Programme would proceed as instructed by the lender(s), these undertakings had turned out to be as worthless as the trash derivatives ‘Structured Products’ that have been exposed as fraudulent and without any value, as is universally accepted. Previously it had been considered appropriate NOT to divulge this information – publication of which apparently came as a shock to certain parties who remain hell-bent on continuing the discredited Ponzi scamming operations.

As a direct and immediate consequence of that revelation, several responses were forthcoming:

• 1: SCURRILOUS LIBEL ATTACK AGAINST COTTRELL AND HIS CORPORATION:
First, Michael C. Cottrell, B.A., M.S., was subjected to a series of deliberately libellous assertions and innuendos in a website posting on 11th February 2009 by an operative called Tom Heneghan. We deal with this matter in the final section below. The purpose of the careless libel attack was to try to discredit Mr Cottrell and his firm Pennsylvania Investments, Inc., given that (see below) the Obama Administration is using the ‘SMOKE AND MIRROR MONEY’ generated by illicit means and contrary to the lenders’ and owners’ instructions off the back of the $14.0 trillion, to ‘reboot’ not the American economy (as is claimed) but first of all, the internationally and domestically discredited fraudulent derivatives sector for the benefit of all parties involved in this financial corruption.

• 2: CRUDE CIA BLACKMAIL THREAT AGAINST MI-6:
Secondly, a separate, crude CIA blackmail threat as described above was deployed in a clumsy manner to exert pressure on MI-6, within this overall context. Other ongoing, unspeakable CIA blackmail operations perpetrated by US intelligence cadres against targeted figures in Britain are known to the Editor of this service.

• 3: DIVERSIONARY ARTICLES ‘REPLACING’ G-7 BY INEFFECTIVE G-20:
Thirdly, all of a sudden, articles started appearing, coinciding with a meeting of Group of Seven Ministers in Rome on 13th February, suggesting that the G-7 was a spent force and that ‘the action’ would come from the Group of Twenty (G-20) who are scheduled to meet on 2nd April. The purpose of this new ‘angle’ was to discredit the G-7-Approved Refinancing Plan.

This line was pushed, in particular, in a Bloomberg article by Simon Kennedy, which kicked off with the following inaccurate statement:

‘The Group of Seven, whose finance chiefs convene this weekend in Rome, is ceding its traditional power to rebuild the world economy to a broader body of governments that now wield greater sway over global growth’.

Among the ‘authorities’ cited for this diversionary ‘line’ was Paul Martin, the former Canadian Prime and Finance Minister, who was reported to have told Bloomberg: ‘The G-20 reflects the realities of the global economy. Its Finance Ministers are becoming the dominant policy-making body’.

Also cited was none other than Gordon Brown, the British Prime Minister, identified earlier as having impeded the Settlements and the Refunding, who said on 9th February: ‘You cannot talk about the world economy and what you want to do without involving a whole range of countries’.

However the former American Treasury official John Taylor, who is now a Professor at Stanford University, contradicted all this by stating, accurately, that the G-7 can ‘still get things done better’ because it is smaller, involves only major economies and is monitored closely by investors. As for Joseph Stiglitz, the former Chief Economist with the World Bank and a former adviser to President Clinton, he of course pushed the G-20 line: ‘It’s effectively recognition by the G-7 that they don’t have the money. The money is in Asia, the Middle East’.

But the Group of Seven have permission to deploy the $6.2 trillion provided pro bono publico mainly by Her Majesty The Queen for transparent on-the-books taxable REVENUE generation to refloat the banks and thus the US and world economies, and they also command the means of implementing this strategy thanks to instructions referencing the Refinancing Programme, which require Capital Markets transactions to be conducted using the appropriate instruments by and through Michael C. Cottrell’s Pennsylvania Investments, Inc. investment banking firm.

Further, the notion that the G-20 can agree on anything PRACTICAL in this crisis is, in this Editor’s 38 years’ experience of observing these international platforms, eyewash. The G-20 powers can never agree on much, and can rarely implement anything effective: G-20 is just a talking shop.

And as indicated above, the Chinese have specifically informed Mrs Clinton that their terms for any further Chinese investments in US Treasuries entail the provision of a wrapround guarantee for all preceding Chinese financial investments – which, in translation, means that they informed the US Secretary of State that the Chinese will be pouring no more dollars down the corrupt US Treasury black hole – which, by further extrapolation, is another way of saying:

YOU HAVE NO SAY IN THE MATTER. WHAT HAVE YOU TO DO WITH US?

• A sentiment from which no sane and informed observer can dissent.

• 4: USE OF ‘SMOKE AND MIRROR MONEY’ DERIVED FROM THE $6.2TRILLION ETC:
In the fourth place, and crucially, passage of the ‘stimulus bill’ represents a pre-planned substitute for the use of HM The Queen‘s money to reboot first, the fraudulent derivatives sector, and only secondly, the US economy.

As noted above, the money allocated for this purpose is ‘SMOKE AND MIRROR MONEY’ generated from the illicit exploitation of the previously referenced $14.0 trillion (including the $6.2 trillion of LOAN funds provided mainly by The Queen), which were placed into ‘lockdown’ on 12th September 2008, following actions taken, we can now finally reveal, by Mr Cottrell and this service (which was why the Editor received the ‘triple gunshot voicemail’ message on the following Saturday morning).

The intention, therefore, is to deploy the illegally generated funds to kick-start the fraudulent derivatives sector again – notwithstanding the realities that it is now universally recognised that these fake ‘assets’ represent the products of a gigantic Bankers’ Ramp, and that institutions as prominent as Swiss Re are writing their derivatives exposures down to zero.

The so-called ’stimulus bill‘ is intended, first and foremost, to BY-PASS USAGE OF THE QUEEN’S LOAN FUNDS which had to be placed out of reach on 12th September 2008 because they were being misused by the banks, hedge funds and so-called ‘private equity’ funds that have been engaged for years in this Fraudulent Finance Ponzi-model activity.

The primary purpose of the ‘stimulus bill’ is the same as Paulson’s corrupt TARP scam, which was designed to refinance Carlyle, Carlyle Capital and friends, as described in the foregoing exposure with diagrams, to be published in the forthcoming issue of International Currency Review.

We can therefore state without fear of contradiction that the US Legislative Branch is co-conspiring with the US Treasury and the Obama White House to PERPETUATE THE DERIVATIVES SCAMMING FRAUDS by seeking to re-start the Ponzi scams following the discontinuity that has taken place (4).

Will this FRAUD succeed?

It cannot succeed. The Chinese, who have hard cash-cash dollars, will not purchase the degraded instruments that the US Treasury will be marketing.

Will other governments and parties that have had their fingers burned want to buy ‘Geithners’ or whatever ‘products’ are now to be concocted on the basis of the ‘stimulus bill’ that President Obama was expected to sign on Monday 16th February, on his return from Chicago where he will have been talking to certain circles with a vested interest in these matters?

What do you think?

OBAMA ADMINISTRATION SELECTS THE WORST OF ALL POSSIBLE WORLDS
So, because the US Government, under Mr Obama as under Bush II, will not agree to the SOLE SOLUTION [see above] TO THE CRISIS THAT HAS BEEN ON THE TABLE FOR SEVERAL YEARS, the United States and the Rest of the World are now condemned to suffering the very worst of all possible worlds – all in order to satisfy the greed and lust of a small clique of corrupt operatives, financiers and others who defer to the determination of the Intelligence Power to retain its control over the US Executive Branch as described above.

Hence Michael C. Cottrell’s request for the instructions pertaining to his stated responsibilities to conduct transparent Capital Markets operations in accordance with the G-7-Approved Refinancing Plan, to be applicable out of London, using the LOAN funds provided pro bono publico by HM The Queen for the purpose, in accordance with the Group of Seven’s long outstanding and hitherto sabotaged requirements.

THE LIBELLOUS ATTACK ON MICHAEL C, COTTRELL, B.A., M.S.
As noted above, the US securities expert Michael C. Cottrell, B.A., M.S., and his investment banking firm Pennsylvania Investments, Inc., were subjected to a deliberate, violent, scurrilous, libellous and desperate attack by an operative called Tomas P. Heneghan, whose address is reportedly 532 W. Jefferson Avenue, Naperville, IL 60540-5219.

• Heneghan is the President and Chief Executive Officer of Equity Lifestyle Properties, Inc.: mailing address: 2 N. Riverside Plaza, Ste 800, Chicago 60808-7882.

On 28th December 2007, Equity Lifestyle Properties, Inc. contributed $2,300 to the Hillary Clinton for President campaign. [Source for all this detail: CampaignMoney.cpm/political contributions/thomas-heneghan]. In the past, the Editor of this service was fed diversionary lies about this operative by an agent seeking to persuade us that Heneghan ‘works for George Bush Sr.’.

On the contrary, this operative worked with Leo Wanta and David Williams and was involved with the Clintons and Al Gore. The libellous attack on Mr Cottrell and his corporation, consisting of smears and innuendos unsupported by any evidence, was specifically timed so as to follow the revelation in our preceding report of Michael C. Cottrell’s standing with regard to the instructions referenced above concerning the Group of Seven-Approved Refunding Programme on the basis of the $6.2 trillion of LOAN funds provided for the purpose pro bono publico and ‘for the sake of the whole of humanity’ by the lender.

The objective of the attack was to smear Michael Cottrell and his corporation ahead of the Senate’s passage of the ‘stimulus bill’ which, instead of deploying these LOAN funds for the G-7-Approved Refinancing Programme ON THE BOOKS to refloat the banks in a proper manner, would instead apply the ‘SMOKE AND MIRROR MONEY’ generated by illicit means inter alia through the irregular exploitation of the LOAN funds prior to their placement into ‘lockdown’ on 12th September 2008.

As reiterated above, the LOAN finance was placed into ‘lockdown’ because it was being corruptly misused in contravention of the instructions and purposes for which the funds were loaned, as a generous discretionary contribution to rescuing the world economy from the fate to which the Bush and now the Obama Administrations have perversely consigned it.

This attack was laughable in the sense that it is said of Mr Cottrell, by the kind of people we are having to expose, that ‘you can’t trust Michael Cottrell. He’s too honest’. However the libels and lies stepped beyond tolerable boundaries: and for this reason, first, the Editor agreed with Mr Cottrell a response to a request from a website for an interim statement; and secondly, Mr Cottrell prepared an Affidavit for publication on our website platform and for filing in Court [see below].

Both of these responses are now displayed. This was such a serious and gratuitous attack that Mr Cottrell has been left with no choice, except that he will not descend to the Heneghan level.

The attack also impugned the integrity and loyalty to the United States of Colonel Dana Wilcox.
The Editor has met this gentlemen and can state that among the information that he holds about him is included the fact that he has handled vast sums of money on behalf of Uncle Sam and has never ’touched a cent‘ – unlike other figures mentioned in our reports. Colonel Wilcox would probably not wish the Editor to have made this statement here, but in our view it succinctly summarises in one sentence the level of distinguished integrity applicable.

THE EDITOR’S INTERIM STATEMENT
At 5:43pm on Friday 13th February, the Editor‘s interim statement of rebuttal was posted by agreement (at the website’s request) on http://www.rumormillnews.com

The text of that statement is as follows:

(1) Michael C. Cottrell, B.A., M.S., is at his residence and office in Erie PA.
He has not been arrested.

(2) No warrants have been issued for the arrests of Michael Cottrell and Colonel Dana Wilcox and no investigations of either of them have been undertaken or are intended

(3) Your communication has been forwarded to the Badges.

(4) Aspects of the matter have, I understand, been vigorously dealt with by authorities behind the scenes.

(5) Michael C. Cottrell, B.A., M.S., may be contacted on 814 455 9218. Anyone calling him must identify themselves fully.

(6) All other assertions in the referenced Heneghan segment, with which I am familiar, are also totally false.

(7) The scurrilous attack by innuendo represents a response by Wanta, who remains a convicted felon, to our revelation for the first time, in the recent report, of the status of Mr Michael C. Cottrell B.A., M.S., with respect to the G-7-Approved Refunding Programme.

(8) I have been briefed on the matter in detail and will add substantially to this rebuttal of these scurrilous lies and libels in the forthcoming report, which is currently in preparation.

Christopher Story FRSA, London, 13th February 2009.

MICHAEL C. COTTRELL’S SWORN AFFIDAVIT IN RESPONSE TO THE ATTACK
At 8:46pm London time on 12th February 2009, Michael C. Cottrell, B.A., M.S., faxed the following sworn Affidavit to the Editor, for inclusion with this presentation. The Affidavit is structured for prospective filing at the United States District Court for the Eastern District of Virginia, Alexandria, by Colonel Dana Wilcox in the near future.

Colonel Wilcox and Michael Cottrell are understood to require a comprehensive retraction of the libels and lies about them perpetrated by Mr Heneghan against them. The text of the Affidavit forwarded to the Editor is as follows:

I, Michael C. Cottrell, B.A., M.S., as President, Chief Executive Officer, and Chairman of the Board of Pennsylvania Investments, Inc., do hereby swear and affirm the following facts –

That [I] refute and demand legal proof supporting the allegations presented by Mr Tom Heneghan, International Intelligence Expert, within “The Warrant Issued for Greenspan Madoff-Gate Update” [posting at:] (http://blog.myspace.com/tom_heneghan_intel), dated February 11, 2009…

ALLEGATION #1:
“P.S. WE CAN ALSO REVEAL TONIGHT THAT WARRANTS HAVE ALSO BEEN ISSUED FOR THE ARRESTS OF EAST GERMAN STASI DVD-U.S.-CIA AGENT AND EX-NAZI [sic], COLONEL DANA WILCOX, ALONG WITH FORMER LEO WANTA COLLEAGUE MICHAEL COTTRELL”.

(1) Upon notification of this series of allegations by Mr Heneghan, on February 12, in a phone call with the authorities – between approximately 7.30 a.m. EST and 7:32 a.m. EST –

I was advised that the allegations are not true, no such warrants have been issued for either Mr Wilcox or myself – further, there is no investigation of us.

I demand Mr Heneghan show proof of said warrants issued, by whom, to whom.

ALLEGATION #2:
“BOTH WILCOX AND COTTRELL RECENTLY TRIED TO ILLEGALLY REPRESENT THEMSELVES AS REPRESENTATIVES OF AMBASSADOR LEO WANTA IN REGARDS TO IMPLEMENTATION AND SETTLEMENT OF THE WANTA-REAGAN-MITTERRAND PROTOCOLS”.

(2) Per notification to the Department of Taxation of the Commonwealth of Virginia dated 31 March 2008, that since Mr. Lee/Leo Wanta has dismissed Michael C. Cottrell, B.A., M.S., from any and all activities relating to AmeriTrust Groupe, Inc.

• that all notices of taxation matters be referred to Mr. Lee Emil Wanta, 396-6726, Shareholder since May 20, 2004, at 715-864-6956/715-726-1097, or diplomat_switzerland@msn.com or at 13093 77th [Avenue] Chippewa Falls, WI 54729-6285;

• Registration change Request: 23 March 2008, AmeriTrust Groupe, Inc., 13093 77th Avenue, Chippewa Falls, Wisconsin 54729-6285;

• that all documents forwarded to ANY entity since 23 March 2008 have been under the authority of Michael C. Cottrell, B.A., M.S., President and CEO of Pennsylvania Investments, Inc.;

• Mr Dana Wilcox is neither a part nor an employee of Pennsylvania Investments, Inc.;

• Neither Mr. Wilcox nor Mr Cottrell – since 23 March 2008 – have or will ever represent a convicted felon named Leo/Lee Emil Wanta or AmeriTrust Groupe, Inc.;

I demand Mr Heneghan show proof of such an instance.

ALLEGATION #3:
“AT THIS HOUR, COTTRELL AND WILCOX HAVE BEEN ACTING AS COLLECTION AGENTS FOR THE BRITISH MONARCH QUEEN ELIZABETH IN REGARDS TO A $6.2 TRILLION LOAN GIVEN BY HER MAJESTY TO FORMER WHITE HOUSE OCCUPUNK GEORGE W. BUSHFRAUD”.

• This is such an outrageous statement that any American can place themselves as “collection agents” for Her Majesty –

I demand Mr. Heneghan show the proof of said allegation.

ALLEGATION #4:
“BOTH COTTRELL AND WILCOX REPRESENT A NOTED MONEY LAUNDRY CALLED PENNSYLVANIA INVESTMENTS, WHICH HAS BEEN LINKED TO THE BERNARD MADOFF PONZI SCHEME…”.

As President of Pennsylvania Investments, Inc., located at 1157 West 7th Street, Erie, PA 16502 – 814-455 9218 –

I demand that Mr. Heneghan provide any U.S. FEDERAL ATTORNEY that will substantiate this slanderous statement – WHERE IS THE PROOF – NO U.S. ATTORNEY has EVER stated or implied that Pennsylvania Investments, Inc. is or has EVER been linked to Bernard Madoff or any of the BUSH-CLINTON-MADOFF schemes;

A copy of this affirmation shall have the same effect and force as an original.

I, Michael C. Cottrell, B.A., M.S., President of Pennsylvania Investments, Inc., located at 1157 West 7th, Erie, PA 16602, United States Passport No. 205125335, do hereby swear and affirm that the above statement is true and factual.

[Signed]
Michael C. Cottrell, B.A., M.S.
President
Pennsylvania Investments, Inc.

12 February 2009.

References and Notes:
(1) ‘And he spake a parable unto them, Can the blind lead the blind? Shall they not both fall into the ditch?’: Luke Chapter 6, verse 39.

(2) Rachel Ehrenfeld told the Editor in October 1999 that she and a girlfriend were present in a women’s accessories boutique at the Rockefeller Center when, all of a sudden, 18 presidential security personnel rushed in and ordered everyone in the boutique to freeze. She and her friend were stranded in the middle of the floor. Shortly afterwards in walked President Bill Clinton, who proceeded to order something or other for one of his female ‘acquaintances’. Ms. Ehrenfeld told the Editor that the next few minutes felt like the best part of half an hour, and that she had never, in her whole life, experienced such an unpleasant atmosphere. She said that the vibes around this man were deadly. Suddenly Clinton turned to her and his face went as red as a beetroot.

Then, the purchase complete, the President and his bodythugs evacuated the premises, leaving the other customers stunned. Rachel said she couldn’t get out of the place fast enough.

Two subsidiary points complete this story (which we have told here before, without naming the source): First, Clinton is of course the illegitimate son of Winthrop Rockefeller, so ‘shopping’ at the Rockefeller Center makes sense for him. Secondly, Ms. Ehrenfeld is a leading criminologist and told the Editor that she had debriefed some of the worst serial killers in America, in the GULAG.

She added that never, during such debriefings, had she experienced vibes anything like as bad as those surrounding President William Jefferson Clinton. This man and his wife are back in control of the US Government, on behalf of their patrons, the Bush Crime Family.

(3) The attempt by Lord Mandelson to smother criticism of British bankers’ appalling behaviour hit a brick wall when Patrick Hosking added this condemnation in an excoriating commentary in The Times, London, of 14th February 2009, entitled ‘Britain’s bankers plumb new depths’.

The commentary, with which we are in total agreement, read in part:

‘The spectacle of bankers continuing to award themselves bonuses while taking taxpayer support is feeding an extraordinary public rage and a fierce sense of injustice. With 40,000 people losing their jobs each month, it is a recipe for trouble, come the traditional rioting months of the summer’.

‘The seething sense of unfairness is almost palpable. The view that a small élite not only caused the crisis, but continues to profit at the expense of everyone else, is near universal’.

‘Gordon Brown’s promise of no rewards for failure in state-supported banks is looking ever more threadbare. We now know that Peter Cummings, the highest-paid individual on the HBOS Board, headed a division responsible for £7.0 billion of losses last year, yet he was still given a reported £660,000 payoff when he left in early January clutching his £6.0 million pension pot’.

‘The suggestion by Lord Myners, the City Minister, that some bankers simply have no sense of the broader society around them is getting harder to refute. To be preparing to pay out billions of pounds in discretionary bonuses over the next few weeks suggests an ignorance of the public mood and a single-mindedness bordering on the sociopathic’.

No doubt those who tried to pressurise the Editor this service to ‘cool it’ in reporting further on Lord Myners’ fully justified and long overdue observations on the filthy greed of these corrupt British banking types, will have read the foregoing passages in The Times. But just in case they didn’t, we reproduce them here for the record. All part of the service.

(4) Various American parties have sought to take issue with us over our presumed attitude towards President Barack Obama. Apparently we were supposed to have followed their example in abruptly ceasing to castigate outgoing President Bush Jr., and to switch to firing at the incoming President.

In order not to fall into this trap, the Editor invented the metaphor about jumping out of the frying pan and hovering in mid-air while it became clear whether we were to jump into the fire, or not.

Further, the Editor of this service is not a citizen of the United States, is a frequent guest in New York and elsewhere (having visited the country very frequently since 1977) and may be one of the best informed Englishmen in the world concerning the United States. It is clearly not for him to enter into sterile internal debates about issues relating to the new President, especially since it was unclear (for multiple reasons) how Mr Obama would develop in office, and what his priorities might be. The Editor was as disturbed as all other observers about the composition of the new US Administration, but still considered it appropriate not to descend to the mud-slinging level instantly indulged in by certain American observers. If they want to do that, it is their choice: but it is not for them to criticise the Editor for not joining in such activity.

The Editor is well aware of all the issues that have been raised under this heading. However he still considers it appropriate, diplomatic and plainly right to reserve judgement, while at the same time taking note of the fact that the new President of the United States is extremely polite and courteous at all times, which is more than could ever be said of his recent predecessors.

For this reason alone, the Editor considers that he should be allowed to remain the judge of what he may or may not write in the future about President Obama, in whom so much hope has been placed. The fact that Mr Obama has taken the wrong (and probably disastrous, for him) decision in allowing his personnel to place the impossible task of revitalising the decayed Fraudulent Finance sector at the top of his list for action, is a regrettable and prospectively catastrophic mistake.

But the Editor considers that the new President is still entitled, as current Head of State, to proper respect from a ‘foreigner’, especially a Brit.

And that’s where the matter rests.

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.

GEITHNER TO LAUNCH WORLD’S BIGGEST PONZI SCAM

G-7 PRIVATE SECTOR DOLLAR SYSTEM REFUNDING TO BE IGNORED

Sunday 8 February 2009 23:45

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

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

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

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

SAME CLIQUE OF FINANCIAL TERRORISTS RUNNING OBAMA’S SHOW

TREASURY AND FED WILL MANUFACTURE BAD MONEY IN SPADES

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

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

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

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

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

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

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

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

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

• 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.

• Please Make a Donation to help finance Christopher Story‘s ongoing global financial corruption investigations, which have turned the whole world upside down and have exposed the corruption which was intended to enable the geocriminalist syndicate to seize the wealth of the entire world. These people have finally been more or less completely stopped in their tracks as a consequence of these exposures. Your assistance will be sincerely appreciated and will make a real difference, hastening the OVERDUE resolution of the worst financial corruption and linked financial fallout in world history. The Editor’s $35,000 Wanta bail-out money was not repaid and so has been stolen. It will be collected in due course and the thief will be appropriately dealt with, having so far taken no steps at all to repay the Editor’s loan funds, which should have been remitted on 11th June 2007.

• See the second white panel for details of our latest distributed intelligence publications.

• Subscriptions by serious observers and analysts to our services may be placed via this website.

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

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

THE PAULSON TREASURY’S TARP $700 BILLION PLATFORM SCAM

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

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

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

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

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

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

GEITHNER PROSPECTUS WILL BE FRAUDULENT AND FALSE

ANOTHER SIGN THAT CORRUPT ‘BUSINESS AS USUAL’ IS INTENDED

IMPERATIVE AND INDISPENSABLE NEED FOR A BREAK WITH THE PAST

PRESIDENT BARACK OBAMA SABOTAGED BY HIS ENTOURAGE

SIGNS OF OBAMA’S REQUIREMENTS BEING UNDERMINED

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

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

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

‘STATE WITHIN THE STATE’ JEALOUS OF ITS FRAUDULENT FINANCE

FLURRY OF ACTIVITY TO PRESERVE FRAUDULENT FINANCE PONZI OPS

HOW THE INTELLIGENCE POWER MAY BE CONTROLLING THIS PRESIDENT

INTELLIGENCE POWER DEVALUING THE PRESIDENT’S TRANSPARENCY DRIVE

POSTSCRIPT: ‘THE FILLING IN THE HOLES’ LIE

NEW REPORT STARTS HERE:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

We further conclude as follows:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

What they say is the precise reverse of the truth.

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

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

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

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

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

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

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

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

• The language used here is deliberately ‘mild’.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

That’s because they are all FRAUDULENT.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

His organisation had established that:

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

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

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

Let’s stop here for a moment:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

GEITHNER TO SPEAK FEB 10 ON BANK BAILOUT, SUMMERS SAYS

By Ann Hughey

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

Geithner had been scheduled to speak on the plan tomorrow.

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

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

Last Updated: February 8, 2009 10:15 EST

WELL, WELL, WELL.

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

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

LEGAL TUTORIAL: The Steps of Common Fraud:

Step 1: Fraud in the Inducement: “… is intended to and which does cause one to execute an instrument, or make an agreement… The misrepresentation involved does not mislead one as the paper he signs but rather misleads as to the true facts of a situation, and the false impression it causes is a basis of a decision to sign or render a judgment”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Fraud’.

Step 2: Fraud in Fact by Deceit (Obfuscation and Denial) and Theft:

• “ACTUAL FRAUD. Deceit. Concealing something or making a false representation with an evil intent [scanter] when it causes injury to another…”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Fraud’.

• “THE TORT OF FRAUDULENT DECEIT… The elements of actionable deceit are: A false representation of a material fact made with knowledge of its falsity, or recklessly, or without reasonable grounds for believing its truth, and with intent to induce reliance thereon, on which plaintiff justifiably relies on his injury…”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Deceit’.

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

• “FRAUDULENT CONCEALMENT… The hiding or suppression of a material fact or circumstance which the party is legally or morally bound to disclose…”.

• “The test of whether failure to disclose material facts constitutes fraud is the existence of a duty, legal or equitable, arising from the relation of the parties: failure to disclose a material fact with intent to mislead or defraud under such circumstances being equivalent to an actual ‘fraudulent concealment’…”.

• To suspend running of limitations, it means the employment of artifice, planned to prevent inquiry or escape investigation and mislead or hinder acquirement of information disclosing a right of action, and acts relied on must be of an affirmative character and fraudulent…”.

Source: Black, Henry Campbell, M.A., ‘Black’s Law Dictionary’, Revised 4th Edition, St Paul: West Publishing Company, 1968, s.v. ‘Fraudulent Concealment’.

FRAUDULENT CONVEYANCE:

• “FRAUDULENT CONVEYANCE… A conveyance or transfer of property, the object of which is to defraud a creditor, or hinder or delay him, or to put such property beyond his reach…”.

• “Conveyance made with intent to avoid some duty or debt due by or incumbent or person (entity) making transfer…”.

Source: Black, Henry Campbell, M.A., ‘Black’s Law Dictionary’, Revised 4th Edition, St Paul: West Publishing Company, 1968, s.v. ‘Fraudulent Conveyance’.

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

• NASD Rule 3120, et al.
• NASD Rule 2330, et al
• NASD Conduct Rules 2110 and 3040
• NASD Conduct Rules 2110 and IM-2110-1
• NASD Conduct Rules 2110 and SEC Rule 15c3-1
• NASD Conduct Rules 2110 and 3110
• SEC Rules 17a-3 and 17a-4
• NASD Conduct Rules 2110 and Procedural Rule 8210
• NASD Conduct Rules 2110 and 2330 and IM-2330
• NASD Conduct Rules 2110 and IM-2110-5
• NASD Systems and Programme Rules 6950 through 6957
• 97-13 Bank Secrecy Act, Recordkeeping Rule for funds transfers and transmittals of funds, et al.

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

• Annunzio-Wylie Anti-Money Laundering Act
• Anti-Drug Abuse Act
• Applicable international money laundering restrictions
• Bank Secrecy Act
• Conspiracy to commit and cover up murder.
• Crimes, General Provisions, Accessory After the Fact [Title 18, USC]
• Currency and Foreign Transactions Reporting Act
• Economic Espionage Act
• Hobbs Act
• Imparting or Conveying False Information [Title 18, USC]
• Maloney Act
• Misprision of Felony [Title 18, USC] (1)
• Money-Laundering Control Act
• Money-Laundering Suppression Act
• Organized Crime Control Act of 1970
• Perpetration of repeated egregious felonies by State and Federal public employees and their Departments and agencies, which are co-responsible with the said employees for ONGOING illegal and criminal actions, to sustain fraudulent operations and crimes in order to cover up criminalist activities and High Crimes and Misdemeanours by present and former holders of high office under the United States
• Provisions pertaining to private business transactions being protected under both private and criminal penalties [H.R. 3723]
• Provisions prohibiting the bribing of foreign officials [F.I.S.A.]
• Racketeer Influenced and Corrupt Organizations Act [R.I.C.O.]
• Securities Act 1933
• Securities Act 1934
• Terrorism Prevention Act
• Treason legislation, especially in time of war.

• Please be advised that the Editor of International Currency Review and associated intelligence services cannot enter into email correspondence related to this or to any of the earlier reports.

We are a private intelligence publishing house and have no connections to any outside parties including intelligence agencies. The word ‘intelligence’ on this website and in all our marketing material is used for marketing/sales purposes only and has no other connotations whatsoever: see ‘About Us’ on the red panels under the Notes on the Editor, Christopher Story FRSA, who has been solely and exclusively engaged as an investigative journalist, Editor, Author and private financial and current affairs Publisher since 1963 and is not and never has been an agent for a foreign power, suggestions to the contrary being actionable for libel in the English Court.

QUEEN CANCELS DUBAI STATE VISIT AFTER THEFT

MASSIVE SUM TRANSFERRED ILLEGALLY FROM CITIBANK LAST WEEK

Saturday 7 February 2009 23:45

IF MONEY HAS NOT BEEN RECOVERED, CITIBANK MAY BE UNABLE TO OPEN ON MONDAY

FBI TOLD TO ARREST GREENSPAN IN CONNECTION WITH THIS COLOSSAL HEIST

SYSTEMIC FRAUDULENT FINANCE CRISIS WORSENS DRAMATICALLY BY THE DAY

• 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.

• 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 contemporary eyewitness Sergei Melgounov, another Edward Harle Limited book that’s available direct from this website.

• ATTACKS BY ANONYMOUS U.S. SPOOKS AND COWARDS who are too scared to reveal their coordinates and identities are by definition, as we have pointed out before, spurious and of zero credibility. Instead of getting in touch with us by email, telephone, fax or via the website, i.e. via FOUR means of direct communication, they prefer to traduce the Editor anonymously in order to attempt to inflate an innocent mistake into a lie, plagiarism or any other abomination that arises in their cowardly brains. These Agency-sponsored anonymous confusion, distortion, diversion and misrepresentation specialists are low snoopers who trawl through an honest text to see if they can identify an error, so that they can then divert attention from the primary information carried in the report, tar the source with a brush smelling of their own rancid mentality, and magnify their findings in a joyous outpouring of self-righteously hypocritical finger-pointing.

If you can be troubled to go to the foot of this report you can see that the dreadful error has been removed. We have established that our usually reliable source delivered the information to us in a manner which masked the date of the information. The Editor is responsible for his own mistakes and of course accepts 100% of the blame for this error.

However what readers should pay attention to is the fact that instead of addressing the subject- matter of this report, which is the rather important LIFE AND DEATH ISSUE OF THE STEALING OF TRILLIONS OF DOLLARS WHICH COULD RESULT IN A GLOBAL CALAMITY, these CIA diversion specialists picked up the Editor’s mistake and magnified it to attempt to discredit the Editor: which indicates, yet again, that their interest is NOT to enlighten the uninformed, as they self-righteously profess, but quite the opposite: to shed doubt on genuine sources of analysis.

The underlying presumption here is that if a source makes one single mistake then the rest of what he writes is by definition inaccurate. But the argument is false: the conclusion does not follow from the premise, except in untrained minds. So, having dealt with this nasty little attack on the Editor, let’s resume paying attention to the fact that THE CROOKS STOLE OR DIVERTED A MASSIVE SUM OF MONEY ON FRIDAY, shall we, which is of considerably greater importance, you may think, than the single mistake made by this Editor under pressure. See the Madoff lists: A-N, and O-Z.

People who hide behind a mask of anonymity have priorities and agendas that they are hiding from open scrutiny. They are cowards because they are not operating on an open playing field. That way, they can throw bad eggs at an Editor they dislike or whose reports are liable to expose corruption and duplicity, but are immune from receiving the same treatment themselves. They would be the first to profess the need for ‘fairness’ but their despicable modus operandi reeks of hypocrisy and makes a mockery of their self-righteous tendency to ‘correct’ what expert sources report.

They can ‘correct’ named open sources, but they cannot be ‘corrected’ in person themselves. In other words, they wouldn’t like to be exposed, as the Editor is, to verbal and personal attacks. That is not open debate: it is one-sided debate loaded in favour of the anonymous cowards in question.
As such, it represents a Stalinist-style plague designed to intensify the fog of disinformation.

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.

• 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.

• Please Make a Donation to help finance Christopher Story‘s ongoing global financial corruption investigations, which have turned the whole world upside down and have exposed the corruption which was intended to enable the geocriminalist syndicate to seize the wealth of the entire world. These people have finally been more or less completely stopped in their tracks as a consequence of these exposures. Your assistance will be sincerely appreciated and will make a real difference, hastening the OVERDUE resolution of the worst financial corruption and linked financial fallout in world history. The Editor’s $35,000 Wanta bail-out money was not repaid and so has been stolen. It will be collected in due course and the thief will be appropriately dealt with, having so far taken no steps at all to repay the Editor’s loan funds, which should have been remitted on 11th June 2007.

• See the second white panel for details of our latest distributed intelligence publications.

• Subscriptions by serious observers and analysts to our services may be placed via this website.

GEITHNER TO LAUNCH WORLD’S BIGGEST PONZI SCAM:
TREASURY TO IGNORE G-7 REFUNDING PROGRAMME AS DEBT IS PILED UPON DEBT

The report below replaces a scheduled report entitled GEITHNER TO LAUNCH WORLD’S BIGGEST PONZI SCAM that was to have been posted now, ahead of Mr Geithner’s planned announcement on Monday. That report will now be posted dated Sunday 8th February, and will explain what the US Treasury under Mr Geithner has in mind: MUCH MORE of the same PONZI FINANCIAL FRAUD, with prospectively disastrous ‘wheelbarrow’ consequences.

URGENT NEW REPORT STARTS HERE:

IMMENSE SUM OF MONEY DIVERTED FROM CITIBANK TO MIDDLE EAST
On Friday 6th February 2009, a colossal sum of money was illegally diverted to the Middle East by someone inside Citibank. The perpetrator was caught but we have been unable to confirm that the funds were retrieved. Since relevant people in the United States were running around on Friday evening like headless chickens, there remains a possibility that the funds have not been retrieved.

The source reporting the gross diversion and theft of cash funds from Citibank told us by email that this development has brought the Settlements payouts to a complete halt.

The immense sum of missing funds is believed to represent ‘mirror’ funds (or duplicated monies) created off the back of the $14 trillion referenced in our reports, which includes the very large sum of money made available by Her Majesty the Queen to finance the Group of Seven (G-7)-Approved on-the-books Refunding Programme of Capital Markets operations designed to generate taxable, transparent revenue to restart the banking system and world trade, which is now in depression.

• There are also unconfirmed reports of continuing illegal financial diversionary activity between Citibank and its counterparty in Athens, Greece, as mentioned in an earlier report. This would be an ALPHA operation. Citibank is a notorious CIA-linked criminal enterprise.

As we pointed out a long time ago, any Trustee holding funds for beneficiaries with this criminal enterprise is open to being sued by the beneficiaries for gross negligence and abuse of their fiduciary responsibility always to act in the beneficiaries’ interests.

IMF MANAGING DIRECTOR SIGNALS THAT HE KNOWS HOW SERIOUS THIS IS
Speaking in Kuala Lumpur, the Malaysian capital, on 7th February 2009, the Managing Director of the International Monetary Fund, M. Dominique Strauss-Kahn, said that advanced economies are already in a depression and that the financial crisis may deepen unless the banking system is fixed. ‘The worst cannot be ruled out. There is a lot of downside risk’, he observed (Bloomberg).

It is inconceivable that the Managing Director of the International Monetary Fund would have made such a statement if he had not known that the front wheels had come off the tractor.

They flew off on Friday when it was discovered that Citibank had alienated a colossal sum of money to the Middle East illegally. And they flew off because this money was diverted by the self-same rat gang, now directed by the Clintons from within the compromised Obama Administration, that have been stealing money ever since we started reporting on this crisis, and long before.

We have politely given the Obama Presidency the benefit of the doubt. Now that phase is over. If he ordered the FBI to arrest Greenspan [see below], good for him. But other criminals must be removed from the scenery, too. A ruthless response is needed when dealing with these people.

The actual $14.0 trillion is safe as it cannot be accessed by the criminals, we understand.

CONSEQUENCES OF THIS HUGE THEFT MUCH MORE SEVERE THAN IN EARLIER INSTANCES
This latest setback (replicating innumerable instances of similar corrupt diversions of funds that continued non-stop under Bush Jr., Cheney and Paulson) not only halted ongoing Settlements payout activity, but is having MUCH MORE SEVERE CONSEQUENCES than in earlier instances.

First, if the funds are not recovered, there is a question as to whether Citibank, that irretrievably corrupt CIA enterprise, will be able to open its doors on Monday 9th February. The funds will have to have been recovered by opening time EST on Monday, or the bank may, we are informed, be liable to be out of compliance with its Basel II obligations, which will mean that other banks will be unable to conduct business with Citibank. It will have to remain closed for business.

ARCH-ARCHITECT SORCERER GREENSPAN ARRESTED AGAIN
On 3rd February, we received reports that Dr Alan Greenspan, the architect of the open-ended derivatives-based Ponzi Fraudulent Finance operations, the Master Sorcerer, had been ‘cuffed’.

On 5th February, a source advised us by email as follows: ‘I was told that the FBI has been told to arrest Dr Alan Greenspan today. I haven’t been able to confirm that anywhere, but maybe you can check it out’. We checked it out and found the report to be accurate. It is confirmed. The report that he had been ‘cuffed’ earlier in the week may or may not have been inaccurate: he may have been arrested twice in one week. We have no word as to whether this criminal is still in bracelets.

Nor is it yet clear whether this crook was arrested prior to the theft of an immense sum referenced herewith, or in anticipation thereof. That the theft and Greenspan’s arrest were linked, is certain.

BRITISH ROYAL VISIT TO DUBAI AND ABU DHABI ABRUPTLY CANCELLED
On 6th February it was suddenly announced unexpectedly that Her Majesty The Queen and the Duke of Edinburgh had cancelled an unspecified long-planned State Visit, ‘because of clashing engagements’, especially the meeting of the Group of 20 in London, scheduled for late March.

Now these State Visits cannot be turned on and off like a switch: they take months of planning. As one insider cited by The Times, London, on 7th February, pointed out:

‘It does not stack up to me. These things are very carefully constructed. There would be a huge amount of unwinding to do. Plans would have been quite far advanced already’.

The destination of the State Visit was withheld by the Palace but was revealed in the London press on Saturday morning as being a tour of the Gulf States, focusing in Dubai and Abu Dhabi.

However, only two weeks earlier, Buckingham Palace had sent emails to the Royal correspondents informing them of the dates of the tour (23rd-27th March 2009), asking which press organisations would be likely to send journalists to cover the tour.

The sudden cancellation of such an important State Visit at short notice on grounds of a diary clash was said by the Times’ correspondent to ‘strain credibility’. Such State Visits have hardly ever been cancelled before, and only in cases of extreme crisis, as for instance after 9/11.

‘The cancellation will have involved months of preparatory work involving Palace officials, local Embassy staff and Royal protection squad officers going to waste. Officials would have gone on reconnaissance visits, while the Embassy would have been charged with helping the host country to draw up an acceptable itinerary. In the weeks before the trip, every destination – every palace, every mosque, every museum – would have had to be checked for security by The Queen’s police bodyguards…. The Queen’s tours are always undertaken at the behest of the Foreign Office and this tour would have followed closely on the heels of Gordon Brown’s trip to the Gulf in November 2008 to lobby the countries of the Gulf Co-operation Council for extra IMF funds’.

The newspaper then considered whether Prince Philip’s health was a factor. The Duke has in fact pulled a muscle in his back and has been told to rest for two months, but is otherwise in very good health and it is not believed that this condition will have been a consideration at all.

The destinations were not thought to present security problems, either.

NO WAY THIS COULD HAVE HAPPENED IF THE CRISIS WAS NOT EXTREME
Further, the newspaper argued, embarrassment will be felt by the Rulers of Dubai (viz., Sheikh Mohammed Bin Rashid Al-Maktoum) and Abu Dhabi (Sheikh Mohamed bin Zayed Al Nahyan), who will have lost face as a consequence of this cancellation.

Moreover Dubai is in serious difficulties, and hardly needs such a setback at this time: The Times revealed on 6th February that ‘many expatriates have been abandoning their cars outside Dubai’s international airport and fleeing home rather than risking jail for defaulting on loans. Police have found more than 3,000 cars, mainly Mercedes and large 4x4s, at the airport in recent months’.

[Note: A similar situation has been observed recently at Dublin’s airport, where large numbers of cars have been abandoned by expatriates and Irish people fleeing that ‘enronised’ country].

So what, then, could the reason for the sudden cancellation of this British State visit to the Gulf States possibly be? The Times didn’t know, as its staff haven’t been following the Refunding and Settlements crisis, have they? No, they had no clue.

Indeed, the British press could not bring forward any coherent reason for the cancellation, even though the pretext of a ‘diary clash’ was rightly considered implausible. An accurate deduction.

PALACE HAD EMAILED ROYAL CORRESPONDENTS ABOUT THE TRIP TWO WEEKS EARLIER
The clue that this was a sudden cancellation is to be found in the fact that two weeks earlier, the Palace had emailed media outlets with Royal correspondents to ask them which journalists would be sent on the State Visit. It is also to be found in the consideration that the British know Eastern Potentates very well indeed, and are therefore acutely sensitive to the necessity of NEVER placing such people in a position where they lose face.

For such a State Visit to have been abruptly cancelled, therefore, there must be a huge crisis.

And there is. The reason for the unprecedented cancellation of this important State Visit to the Gulf States by The Queen and the Duke of Edinburgh is that, in collaboration with the financial criminals in and behind Citibank, a vast sum of money (described to us as ‘massive’, and consisting of CASH) had been stolen and accepted by Dubai and possibly Abu Dhabi as well.

There must be a presumption that attempts to retrieve the funds were met with opposition

There is no way that the Foreign Office, which runs Buckingham Palace and advises The Queen in these matters, under the uniquely peculiar British system whereby Ministers advise The Monarch, who takes their advice and yet remains 100% in charge of affairs, would have agreed to this sudden cancellation if this assessment were not broadly correct.

UNPRECEDENTED ESCALATION OF GLOBAL ECONOMIC WARFARE
Cancellation of this State Visit by The Queen and The Duke of Edinburgh to Dubai and Abu Dhabi represents a huge escalation of the economic and financial warfare stand-off, and signals that the familiar crew of highest-level RATS in the United States are CONTINUING TO SABOTAGE THE WORLD ECONOMY, in a ruthless pursuit of their own criminal interests.

U.S. LAW ENFORCEMENT SHOWN TO BE A WASTE OF SPACE, WORSE THAN USELESS
Given that, in the face of this crisis, certain relevant people in the United States were, as we were told, running around like headless chickens, may we offer these CHICKENS some old advice?

• GET OFF YOUR BACKSIDES AND ARREST THESE EVIL PERPETRATORS, both within and now outside the Administration, and keep them incarcerated, instead of issuing ‘warnings’ and ‘threats’ which you rarely carry out. You feeble fools, who have allowed these crooks to play havoc with the world. You weaklings who do nothing but talk and spread disinformation instead of doing your job.

• YOU KNOW WHO THESE CRIMINALS ARE. THERE ARE A LOT OF THEM INSIDE THE OBAMA REGIME, WHICH IS BEING MANIPULATED BY THE CLINTONS AND THEIR ASSOCIATES. ARE YOU SCARED OF THESE PEOPLE? THEY ARE RUTHLESS, YES. BUT WE HAVE DEMONSTRATED THAT IF ONE STANDS UP TO THEM, THEY ARE AMAZED, AND BACK OFF. SO FACE THEM DOWN.

• YOU HAVE FORFEITED ALL RESPECT FROM THIS QUARTER, BUT YOU STILL HAVE TO DO YOUR JOB. UNLESS YOU, TOO, ARE COMPROMISED AND BRIBED, AND COULDN’T CARE LESS.

• These intelligence community criminals DO NOT have protection on the pretext of ‘national security’. They are exploiting the National Security Act et seq. to steal on a gargantuan scale, an activity that has nothing to do with national security. It UNDERMINES national security, you fools.

If Citibank collapses in the face of this crisis or a further development shortly, YOU, FEEBLE U.S. LAW ENFORCEMENT TYPES, will be reponsible. You are already responsible for the reality that nearly four million Americans have been thrown out of work because YOU tolerated this thievery and did NOTHING when you should have handcuffed these FINANCIAL TERRORISTS.

• Now the Editor’s own family has been affected, you second rate, pontificating incompetents.

THESE PEOPLE ARE ALL TERRORISTS WHO ARE UNDERMINING NATIONAL SECURITY
The familiar crooks who are stealing are ALL Financial Terrorists. They are terrorising the whole world in ruthless pursuit of their own demented greed and power/hegemony interests.

They include the Bushes, the Clintons, Greenspan, Bernanke, Cheney and other well-known CIA operatives who have imprisoned Obama in the White House and are stopping him doing his job.

• We also suspect that the crook Tony Blair remains involved: see the forthcoming report.

These revolutionaries, which is what they are, are no different from the revolutionaries run by Stalin in the Caucasus: they use exactly the same techniques and they have the same ruthless objectives: to seize and steal the assets of others, so as to obtain or retain power.

For them, the Dirkheim norm is the ideal: Emile Dirkheim (1856-1917) enthusiastically proclaimed that criminality becomes the norm, and the Rule of Law comes to seem eccentric and aberrant.

Under all the Patriot Acts, and the equivalent copycat anti-terrorism legislation that’s applicable in Britain and Europe, bank fraud, money-laundering, stealing and diverting money is TERRORISM.

And it is being committed by these people IN TIME OF WAR.

The proper treatment for TERRORISTS, most especially in time of war, is that if they do not cease and desist, their life expectancy is drastically shortened. Or these days, they can be hauled off for a taste of their own medicine by means of ‘extraordinary rendition’, which continues.

These FINANCIAL TERRORISTS are holding the world to ransom and have already semi-destroyed the world economy with their ongoing Fraudulent Finance Ponzi operations. The Managing Director of the IMF knows what he is talking about: and he understands what this massive theft implies.

• These crooks need to be arrested ON TERRORISM CHARGES and dealt with AS PRESCRIBED BY STATUTE in the manner laid down for terrorists who ruthlessly continue to commit such crimes.

Anyway, as a direct consequence of this latest unbelievable escalation of the organised criminal operations of these people, the British State Visit to the Gulf States has been cancelled. That is a signal not only to corrupt Middle East collaborators with the Clintons [see the list of ‘donors’ to the Clinton Foundation that we published on this website on 5th January 2009] and to despicable rats like Cheney, the Clintons and the Bushes, but also to everyone involved with this crisis behind the scenes in Washington and its environs, that this latest theft is the last straw. Even if the money has been recovered and Citibank opens its doors on Monday, the lasting damage has been done.

• IN MEMORIAM:
The add-on reference to the suicide of a gold dealer posted here was based bona fide upon a report headed ‘another suicide’ sent to us by a usually reliable source. Certain observers siezed with relish upon the possibility that the add-on may have contained an error, thereby attempting to divert attention from the urgent message published above. Pending an investigation by our source (who is away from his desk at the moment), we have removed this add-on so that the report is not distorted by such typically diversionary tactics. If we made a mistake, we will trace the source of the honest mistake and will post a correction (as we always do). If it transpires that the add-on was in fact accurate, we will repost this information which has meanwhile been removed so that spooks and diversion specialists can’t play further games with this wholly secondary issue.

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.

WASHINGTON EXPOSED AS SECRETLY FINANCING AL-QAEDA

PRESIDENT-ELECT OBAMA DEMANDS PAYMENT OF THE SETTLEMENTS

Wednesday 3 December 2008 02:30

BIGGEST TERRORISM SCANDAL IN WORLD HISTORY UNFOLDING BEFORE OUR EYES

SECRET ROOM INSIDE MORGAN STANLEY FUNDING AL-QAEDA AND GLOBAL TERRORISM

COVER-UP OPERATIONS ‘BLOWN’: WASHINGTON HAS BEEN FINANCING GLOBAL TERROR

NOW WE KNOW WHY THESE SNAKES HAVE BEEN WRIGGLING, SPITTING AND SQUIRMING

• IMPORTANT NOTICE: 4TH DECEMBER 2008:
The Editor has been informed that there have been no arguments, no objections, no disputes, no denials whatsoever Stateside re: the crucial intelligence concerning the room or suite inside the premises of Morgan Stanley exposed in this report, which was being used as the financial sector base for the U.S.-DRIVEN FINANCING OF TERRORISM AND AL-QAEDA ALL AROUND THE WORLD.

• The key reason for this is that THE INTELLIGENCE CAME FROM THE INVESTIGATION ITSELF. It is therefore RECONFIRMED that THE WHITE HOUSE HAS BEEN FINANCING AL-QAEDA AND TERRORISM, and therefore ECONOMIC TERRORISM AGAINST HER MAJESTY THE QUEEN.

• It is further confirmed that ALL PARTICIPANTS IN THE TERRORISM FINANCING OPERATIONS, which means ALL APPARATCHIKS, OFFICIALS, SPECIAL BRANCH, POLITICIANS, BANKERS AND OTHERS who have been involved in this despicable and loathesome activity on both sides of the Atlantic ARE NOW THEMSELVES KNOWN TERRORISTS. THIS HAS NOW BEEN CONFIRMED.

• As a direct and immediate consequence of THIS POSTING, the Editor was informed just before midnight that the word from Washington is that it is now intended to quote ‘DO EVERYTHING BY THE BOOK’. In other words, it is CYA time, BIG-TIME, as the filthy criminal rats scramble to AVOID BEING ARRESTED OR OTHERWISE ‘DEALT WITH’ BECAUSE THEY ARE THEMSELVES KNOWN TERRORISTS. Until the exposure of the Morgan Stanley TERRORISM FINANCING CENTRE, they fondly imagined that all our accusations of their pursuit of economic terrorism would wash over everyone’s head. FOLLOWING THIS POSTING, THEY HAVE HAD TO CHANGE THEIR ATTITUDE.

• There is a deeper point to take on board here. What is meant by ‘DOING EVERYTHING BY THE BOOK’? It is ‘cornered criminalist’ language which, being interpreted, has the following obvious PRACTICAL IMPLICATION: persuading compliant bankers, participants, intermediaries and their counterparties to go along with financing operations which ‘smell’ IS GOING TO BECOME A LOT HARDER, IF NOT ALMOST IMPOSSIBLE NOW. The bankers et al. are going to ‘cease to cooperate’, out of fear that they will be picked up for FINANCING TERRORISM. AND THEY WILL.

• That’s what ‘GOING BY THE BOOK’ means and will mean, in practice.

• FACT: They will ALSO have to wind up the AL-QAEDA and all the related GLOBAL TERRORISM operations. Both Britain and America will have to get out of financing terrorism, and this will have to be done immediately. OVER TO YOU, PRESIDENT-ELECT OBAMA. This may be your finest hour.

• What are YOU going to do about this, Gordon Brown? DROP THIS ANTI-TERRORISM COVER WHICH IS A CRUDE MASK FOR HIGH CRIMES AND MISDEMEANOURS, FOR STARTERS.

• Drop the hideous GESTAPO legislation that you announced in The Queen’s Speech today, too.

• Memorandum to the cadres who are behind the curve in the UK: Special Branch, etc: See foot of this report. Take on board that a rearguard operation to intimidate the Editor of this service is OUT OF ORDER and that our communications with US parties MUST BE RESTORED IMMEDIATELY, AS YOU ARE NOW IN BREACH OF CERTAIN INSTRUCTIONS THAT HAVE BEEN ISSUED FOR OUR PROTECTION. See to it that you follow through with this demand, and cease and desist NOW.

INCOMING U.S. PRESIDENT BRIEFED BY C.I.A. IMMEDIATELY AFTER MCCAIN CONCEDED

INTERFERENCE WITH COMMUNICATIONS BY FORT MEADE FAILS TO KEEP LID ON SCANDAL

OBAMA HORRIFIED AND DISGUSTED AT WHAT HE FOUND OUT. ANGRY WITH BIDEN, TOO.

EVEN SO, BUSH TRIED TO BRIBE BARACK OBAMA WHEN HE VISITED THE WHITE HOUSE

BUSH CRIMINALISTS WARNED: ‘YOU TOUCH OBAMA AND YOU REALLY ARE DEAD MEAT’

WASHINGTON PIGS DEMAND THE RIGHT TO STICK THEIR NOSES IN THE TROUGH FIRST

DEMANDING PAYMENT TO THEIR ‘FOUNDATIONS’ FOR CORRUPT ‘SERVICES RENDERED’

PRESIDENT-ELECT OBAMA ADVISED THAT HE MAY HAVE TO ASSUME POWER EARLY

BUSH JR. SLOW-HAND-CLAPPED BY G-20 DELEGATES WHEN HE WALKED OUT IN A HUFF

TRIED TO SELL THE AMERO SCAM TO THE JADED G-20 MEETING, AND WAS REBUFFED

DUPLICITOUS GORDON BROWN HAD BEEN SECRETLY IMPEDING THE SETTLEMENTS

OBAMA SENT AN EMISSARY TO TELL BROWN TO CEASE AND DESIST OR BE ARRESTED

OBAMA WORKING IN ‘LOCK-STEP’ WITH SARKOZY AND MI6 TO PUT THINGS IN ORDER

ROBERT RUBIN SECRETLY SUPERVISED DIVERSION OF KEY FUNDS TO ATHENS, GREECE

NO WAY GEITHNER COULD NOT HAVE KNOWN ABOUT THESE SCANDALS AND CORRUPTION

MUST HAVE KNOWN, TOO, ABOUT THE CRIMS’ SECRET BANK ACCOUNTS AT CITIBANK

TONY BLAIR’S DEVASTATING ‘ROLLOVER’ TESTIMONY HAS SET EVERYTHING ABLAZE

BLAIR AND BUSH, ‘VIA ECCLESTONE’, SET UP LONDON AS FRAUDULENT FINANCE CENTRE

THE DISTRIBUTION SYSTEM IS BREAKING DOWN AS CREDIT INSURANCE IS PULLED

BRITAIN AND AMERICA HOVERING ON THE BRINK OF A DEPRESSION, AS WE PREDICTED

BUSH SR. SHIPPED PRINTING PLATES TO SADDAM: AT ‘SWITCH’, HAD TO RETRIEVE THEM

• 2.30PM 3RD DECEMBER, UK: SEE NEW DETAILS ABOUT A VISIT TO OUR LONDON OFFICE
BY UK SPECIAL BRANCH OFFICERS AT 12.45 THIS AFTERNOON: FOOT OF THIS REPORT

• 10.45PM, 3RD DECEMBER, UK: COMMUNICATIONS AND SETTLEMENTS UPDATE:
Seems friends of Special Branch didn’t like what we posted at 2.30pm [see above and add-on about the visits from two UK Special Branch officers, by invitation, to this office below]. At the beginning of the day, following our posting the present report overnight, all of a sudden, the interference with our communications, especially to the US office of Michael C. Cottrell, B.A., M.S., which had been illegally disrupted for over a week (all the Editor’s calls went into an electronic void), ceased and the line was freed: the Editor got through immediately with no impediment. We presumed that Fort Meade didn’t fancy having all that mud thrown at them internationally.

But at 10.25pm, the Editor called again with further information; and a loud series of crackles and botched connections occurred, as various dirty eavesdropping scumbags rushed to ‘handle’ the situation, causing the Editor’s voice to be cut off, even though Mr Cottrell’s voice could be heard. Given the loudness of these interventions, we assume that the interference was perpetrated by cover-up merchants in the United Kingdom. They don’t like it when we’re as red hot as we are right now: the hot water’s scalding them. So instead of doing the right thing, they hassle the messenger.

When the Editor was able to communicate via another method, he informed Mr Cottrell that a key Trustee had emailed us [03 December 2008: 19:28, as received UK time], as follows: ‘I have not read your latest article but will do so a bit later. My status is that we are told everyone is ready to close. But something is delaying the U.S. side. The Rest of the World is furious because they were given a 24-hour window for payment that expired at 2:00pm NY time, 26 minutes ago. I have people (the high functionary) checking to see what is the delay’. On receipt of this email, the Editor tried the above communications, and finally conveyed this message; and so the situation is being checked out ‘as we speak’. It would appear that our fingering of Gordon Brown below, coupled with the somewhat unpleasant possible veiled threats that may have been uttered against the Editor of this service and his wife earlier in the day [see below], indicate that there are still massive problems in the United Kingdom, although right now the United States is being blamed.

• The familiar ying-yang escapology game again favoured by the giga-criminals, or what?

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.

Advertisement:
NON-U.S. INTERNET SECURITY SOLUTION CD AVAILABLE: FAR BETTER THAN NORTON ETC
It has now been established that the National Security Agency (NSA) works with/controls Microsoft, Norton, McAfee, and others, in pursuit of the Pentagon’s vast BIG BROTHER objective, directed from the ‘highest’ levels (not the levels usually referred to) which seek to have every computer in the world talk direct to the Pentagon or to NSA’s master computers.

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

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

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

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

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

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

*VISTA: Virtual Instant Surveillance Tactical Application.

• INTERNATIONAL CURRENCY REVIEW, Volume 33, #s 3 & 4, all 972 pages of it, is making waves all over the world. It contains a blow-by-blow deconstruction of this crisis via the Wantagate plus our further analyses: and everything published therein is now well and truly ON THE GLOBAL PUBLIC RECORD. Accordingly the whole world owns a detailed, damning account of the serial criminality of the Bush-Cheney-Clinton ‘Box Gang’ et al., which CANNOT BE EXPUNGED.

• INTERNATIONAL CURRENCY REVIEW, Volume 34, Number 1, consisting of some 400 pages, WAS DISTRIBUTED BY FAST MAIL TO SUBSCRIBERS WORLDWIDE ON 29TH NOVEMBER 2008…

• It tracks the fallout from our exposures of the criminality from mid-April 2008 to 6th October 2008, when this issue of ICR had to go to press. The Glossary that is published with The Cottrell Plan has been separated out and placed at the end of the issue, for long-term ease-of-reference purposes.

• If you wish to obtain a copy and you are not a regular subscriber, please order International Currency Review via our electronic payment system by pressing SUBSCRIBE. This will give a full-price order sequence. Then press CONTACT US and state that you wish to order ICR 34, #1. The single-issue price has to be at a premium to the regular price, charged at $200.00 per copy. Note:
Please ensure that you send a CONTACT US email to the Publisher at the same time as you press SUBSCRIBE, so that we KNOW to send you ONLY ICR 34, #1 and to charge you ONLY $200.

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

• 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.

• Please Make a Donation to help finance Christopher Story‘s ongoing global financial corruption investigations, which have turned the whole world upside down and have exposed the corruption which was intended to enable the geocriminalist syndicate to seize the wealth of the entire world. These people have finally been more or less completely stopped in their tracks as a consequence of these exposures. Your assistance will be sincerely appreciated and will make a real difference, hastening the OVERDUE resolution of the worst financial corruption and linked financial fallout in world history. The Editor’s $35,000 Wanta bail-out money was not repaid and so has been stolen.

• See the second white panel for details of our latest distributed intelligence publications.

• MICHAEL C. COTTRELL’S PROPOSALS FOR THE REFORM OF THE U.S FINANCIAL SYSTEM, AND HIS DEBUNKING OF THE IMPRACTICABLE AND EXPENSIVE ‘PAULSON’ PROPOSALS, PLUS OUR EXTENSIVE GLOSSARY, POSTED ON 22ND JULY AND REPOSTED ON 12TH SEPTEMBER, WERE AGAIN ‘SNIPPED’ BY THE NSA’S MENTAL DEFECTIVES. THE REPORT WAS REPOSTED ON 18TH SEPTEMBER 2008. THE REPORT HAS BEEN EXTREMELY WELL RECEIVED WORLDWIDE.

• PRINT EDITIONS OF THE COTTRELL PLAN: Economic Intelligence Review, Volume 11, #s 9 & 10, published in July-August, was devoted almost entirely to The Cottrell Plan and to the extensive Glossary of financial market and related definitions, which explains where so many people have gone wrong. International Currency Review, Volume 34, #1, also contains The Cottrell Plan and the Glossary, placed at the end of this 400-page issue for long-term easy reference.

• Subscriptions by serious observers and analysts to our services may be placed via this website.

• FORT MEADE INTERFERING WITH OUR COMMUNICATIONS: Our communications with certain parties in the United States are being crudely and illegally sabotaged by National Security Agency idiots who imagine that it is still possible to keep the lid on the biggest scandal in world history, and to cover up the reality that the Bush II Administration has been financing Al-Qaeda and other global terrorism operations. Every time these fools try this on, they simply show their hand.

• Midnight, 2nd-3rd December: US sources say that there has been an intensification of illegal interference by Verizon (an intelligence entity) and other US intelligence community entities with their communications, as with ours, as these criminalist cadres now attempt to prevent (a) certain drastic consequences arising from non-performance, and (b) the distribution of the massively damning information in this report about the reckless and criminal behaviour of these pigs in Washington who are scrambling to place their filthy snouts in the Settlements trough first.

• The bottom line: Our assessment that the United States is a Revolutionary Power engaged in promoting terrorism and financing it (from a secret operations room inside Morgan Stanley: see below) is CONFIRMED. The torch of the World Revolution was handed by the Soviets back to the classic revolutionary power, the United States, after 72 years (1917-1989), 72 being the familiar Babylonian ‘Rule of 72’ number. The Americans became much more dangerous than the Soviets.

But the discovery of specific evidence that the deliberate financing of global terrorism has all along been orchestrated from within Morgan Stanley, and that the dirty finger marks of Bush 41, Clinton 42, Paulson, Greenspan, Cheney and Hillary Clinton are all over the tear-sheet evidence, which was obtained from bankers arrested in Europe during autumn 2007, represents BY FAR THE BIGGEST SCANDAL IN WORLD HISTORY which Fort Meade can now do NOTHING to cover up.

Shame on you, stupid electronic criminalist nerds and fools, for imagining that these crimes would remain buried from public scrutiny for ever. Shame on you, ‘mainstream’ broadcast media and press people, for succumbing to Cheney’s pressure not to expose this unprecedented criminality, which embraces CRIMES AGAINST HUMANITY. No wonder your circulations and revenues are declining.

AND SHAME ON THE BRITISH GOVERNMENT for collaborating with the TERRORIST UNITED STATES GOVERNMENT, when the CORRECT response should have been to EXPOSE THESE TERRORISTS, rather than becoming involved in aiding and abetting these unbelivable crimes against humanity. Collaborating with a pariah terrorist state isn’t pragmatic: it’s reckless, stupid.

Last year, we weren’t allowed to report on the secret Morgan Stanley Terrorism Financing Centre, and we were not told about it. You will see that we were mighty close to exposing this dimension of the BIGGEST SCANDAL IN WORLD HISTORY: Archive: 4th October to 11th November 2007.

• It is understood that we weren’t informed, in part, because of fears that exposure would have triggered, for instance, the destruction of files and evidence: although the real reason we weren’t told, we surmise, was that IT WAS STILL THE INTENTION TO COVER UP THE FACT THAT THE UNITED STATES HAS BEEN FINANCING AL-QAEDA. Well, now THE TRUTH IS BEING TOLD.

• Let the whole world know that the US criminals who pontificate the most loudly about terrorism are those who are financing it. This was always suspected. Now the whole world knows it.

• NEW REPORT STARTS HERE:

PREFACE TO THIS REPORT
In the following report, we have concentrated on intelligence and interpretations based on our own research and which we can vouch for, and have largely ignored the cacophony of conflicting, angry, ‘Black’ and other propaganda that has swirled around the Internet since Barack Obama became the President-Elect of the United States. Our reasoning here can be summarised as follows:

• Whatever anyone says or believes, a decisive DISCONTINUITY has finally materialised. A discontinuity presupposes that all previous assumptions and relationships are either in flux, changing, or subject to change brought about by a rearrangement of the ‘correlation of forces’.

• In the above context, the central fact of importance is that the United States, and therefore the Rest of the World, have finally climbed out of the frying pan.

• Specifically, the United States and the Rest of the World are therefore hovering in mid-air. It is premature to be certain that we will all proceed to jump into the fire, because we are as yet still suspended in mid-air between the frying pan and the fire.

• Equipped with this mindset, we must add that, for the purposes of this report ONLY, we are accordingly AGNOSTIC with reference to the swirling ‘Black’ propaganda against Obama, the Clintons and everyone else on the miserable American political scene which is (see below) manipulated by the controlling Intelligence Power. Of course we have strong views on all the issues that have been and continue to be raised in this context: and in this report we specifically identify, for instance, Mrs Clinton as a financier of terrorism. But none of these issues have ANY relevance to the crucial issue that the whole world faces, which is:

• The absolute paramount necessity for the completion of the wholesale Settlements payouts and for the implementation of the G-7-Approved Refinancing Programme, which will refund the US and European (etc) banks and will deliver on-the-books liquidity throughout the system within a matter of months. The Settlements payouts will finance the G-7-Approved Refinancing Programme.

• Belated resistance to the Settlements (see below) reflects rearguard operations in the face of the reality that unavoidable repatriation threatens those forced to repatriate, with latent criminal proceedings and probable jail for having fraudulent assets on (or ‘under’) their books.

In short, we are not concerned, for the purposes of THIS report, with whether President-Elect Obama’s belief that following Abraham Lincoln’s technique of placing his enemies at the centre of his government is well-founded (which it may well be), with who is of course blackmailing whom (as is known to be the case), with whether a birth certificate was or was not registered in Timbuctoo, with the reappearance of Clinton retreads on the stage, and with all the other murky side-issues that have been raised by anxious observers, protagonists, ‘Black’ propagandists, controlled agents of influence, and others, since Mr Obama was elected.

And the reason we are not concerned HERE with such issues is that IF THE SETTLEMENTS ARE NOT FINALISED, all these people who are shouting at cross-purposes will eventually fall silent because the United States and Britain (the ‘Main Enemy’) will collapse into a DEPRESSION, on the brink of which both economies stand ‘as we speak’.

Therefore, we do not have the luxury to waste time ventilating about these innumerable issues, important though some of them certainly are; since if the Settlements are not completed in short order, the economic and financial systems will collapse under the weight of nearly $700 trillion sitting on the roof, which is on the verge of collapsing into the basement.

In other words, it’s a matter of the proper priorities, and avoiding being diverted by deliberately contrived redirection and agitation and propaganda operations which are intended to OBFUSCATE the prevailing situation in general, and the extremely grave predicament in which ALL the financial criminals find themselves, in particular.

And right now, there is only one priority, if the whole world is to be saved in time from absolute catastrophe: completing the Settlement payouts and breaking all resistance to this process. In the United States and Europe, ‘forces’ are moving around, even with guns, to procure the necessary outcome (intelligence received on Monday 1st December 2008).

This report brings what we have been able to establish on the Settlements dimension of the world crisis, up to date. We would, however, add that we found it somewhat distasteful that, after eight years of rightly excoriating the Bush-Clinton Crime Dynasty and the immense and lasting damage inflicted on the world under the criminal Bush II-Cheney Administration, guns were immediately swivelled round and opened fire on the President-Elect.

It would appear that no matter who the Intelligence Power selects (as it always does) to serve in the White House, they will always receive the same treatment. However the source of the US malaise is that the Intelligence Power, which appoints its agents to the top posts, is in control, out of control and needs to be brought under control: so until that happens, nothing fundamental is ever going to change, and the revolutionary United States will continue sliding into the abyss.

• WARNING: What follows has been developed from our own, not secondary, sources. We fully acknowledge that Obama MAY not measure up to expectations, or worse, and that his ‘Abraham Lincoln’ rationalisation for appointing Mrs Clinton, subject to approval by the new Senate, may turn out to be unsound and that what is really happening is a rearranging of the Titanic’s deck chairs on the assumption of corrupt ‘business as usual’.

• But the evidence assembled below suggests otherwise, if you can temporarily suspend your perfectly reasonable disgust, which we share, at the appointments of Queen Melusina to the State Department and Timothy Geithner to the US Treasury.

CIA BRIEFED OBAMA IMMEDIATELY FOLLOWING HIS VICTORY
Shortly after John McCain conceded the election, which he appears to have ‘thrown’ inter alia by selecting the bimbo operative handled by her husband, Governor Sarah Palin of Alaska, Mr Barack Obama was informed that he would be briefed at the earliest possible moment by the intelligence community. This is extremely unusual, if not unprecedented.

• Mr Obama has been receiving daily CIA briefings ever since.

It is understood that the first briefing took place the day after the election. Since then-Senator Obama had been a junior Senator, he had not been informed about the financial corruption with which a number of his fellow Senators were involved up to their necks. He had been in the Senate for four years, but for almost two of these years he had often been absent on the campaign trail.

ILLEGAL INTERFERENCE BY U.S. AIR FORCE PERSONNEL
Ahead of the election, Barack Obama had been approached by US Air Force personnel, and asked to step down. It is believed that an attempt to bribe him to do so was also made. The US Air Force is heavily indoctrinated, while supporters of the Constitution holding high-level Air Force posts were removed earlier in 2008, leaving key people in charge who are corrupt and involved in the financial fraud and thefts. Interference by armed forces personnel in the civilian political process (albeit that it is manipulated and controlled by the Intelligence Power: see below) is strictly prohibited by the Universal Code of Military Justice (UCMJ) and of course as a constitutional expert, Barack Obama immediately told the Air Force representatives to ‘get lost’. He will presumably also have made a note of their identities so that their illegal behaviour catches up with them later.

Following our report on 31st October that the corrupted former British Prime Minister Tony Blair had ‘rolled over’ on all the familiar highest-level criminalists and their institutional and state co-conspirators, from Bush 41 and 43, the Clintons and the Pope, to Chancellor Merkel, Deutsche Bank and elements of the Hungarian Government (always secretly aligned with the STASI/DVD), it had become imperative to divulge to the new President-elect what had been going on behind the scenes in the darkness.

We understand that Blair’s testimony has now thrown so many grenades into the blazing furnace that explosions are going off in all directions, causing the previously asbestos-clad rats to rush around all over the place inside the furnace trying to escape the heat and flames before they are all engulfed by them. This is a late factor that has briefly ‘delayed’ resolution of the Settlements. It has had this effect because the Blair capitulation has CHANGED EVERYTHING for the criminalists, in that their bluff has been called and THESE RATS cannot now escape.

• SERVES THEM RIGHT FOR AGAIN ABUSING THE GENEROSITY OF THEIR ‘CLOSEST ALLY’.

Especially given Blair’s revelations of the relevant sensitive issues, in which he shopped all the main financial criminals and his fellow highest-level co-conspirators and accessories to the fact of these immense crimes, the US intelligence authorities had been left with no choice in the matter, since they had not been in the driving seat for many months (see below) and risked very severe consequences should they themselves withhold crucial information about the corruption, from the President-elect. The ‘sensible’ decision was therefore taken to brief Barack Obama at the earliest opportunity. We are advised that he received what he was told with shock and contempt.

OBAMA ALSO SHOCKED TO FIND THAT BIDEN KNEW ALL ABOUT IT
Of particular concern, we understand, to President-Elect Obama was his realisation that his Vice-Presidential colleague, Mr Biden, knew all about the financial corruption (let us leave the matter there) and so, by definition, may have committed an offence under the Misprision of Felony Statute (1), at the very least, and will, on further investigation, have been a co-conspirator to some degree or another. This realisation explains why Biden was subsequently described as being ‘unhappy’ with the situation in which he now found himself. Could it be that Biden, to put the worst possible construction on the matter, may have expected his future boss to succumb to the bribery pressure that the corrupt incumbent in the White House would be likely to impose upon him?

The Editor’s original notes on information received at 8.20pm UK time on 6th November include a reference to indications that Senator Obama was first informed to a limited extent that a gigantic scandal with explosive implications was out of control back in May 2008, but that he was not given pertinent details at the time. Our notes state that Mr Obama ‘only started to find out after he was elected and received private security briefings by CIA agents. He’s starting to find out how many figures were involved, and he’s saying [expletive deleted]. His meetings started yesterday and continued all day today. He’s furious and also very angry at Biden. It has never been known for a President-Elect to receive CIA briefings immediately his election has been confirmed’. Our sources elaborated that ‘Obama’s meeting with his financial team. He learned this stuff and was horrified’.

Briefing Obama on this occasion must in any case have been a distrinctly painful experience for the compromised General Hayden, Director of Central Intelligence, and also for John Negroponte, the former Director of National Intelligence (see below), if he too had to attend the briefing, since the CIA and its numerous appendages and so-called subsidiary agencies are notoriously disruptive revolutionary criminal enterprises that have themselves been fully engaged in spearheading the fraudulent finance dimension of the World Revolution.

VOLCKER, A TRUSTEE, HAS SOUND REASONS FOR HIS ADVICE
In this connection, the key member of Obama’s financial advisory team, and a powerful adviser during the later stages of Mr Obama’s campaign, is Paul Volcker, the former Chairman of the Federal Reserve Board, and a man who, whatever critics may say, is held in the highest esteem internationally. As a ‘righteous Jew’, this expert is believed to abhor all the financial corruption, although he IS a Trustee for ‘the Settlements’.

• Over 1,000 Trustees were originally appointed, all of them connected in some way to Bush Sr.

This does not necessarily mean that all Trustees are or will have been compromised (although Bush Sr. always seeks to double-cross, intimidate and/or compromise those with whom he has dealings). In the present context, what it means is that Volcker himself, as a Trustee, needed to be paid, so that he, too, could fulfil his obligations as a Trustee towards other parties. That has been a very significant fact in the overall quadrilateral equation.

• On 27th November, Reuters reported that Mr Obama had picked Volcker to head a special office to advise on economic and financial recovery.

SATELLITE-LINKED TRADING AND ECONOMIC TERRORISM
One dimension of this pointless activity has typically included the distribution inside the United States of special satellite-linked ‘grey screen’ trading equipment enabling selected operatives to conduct secret off-balance sheet and therefore illegal ‘terrorist’ trading from their own homes, often ostensibly unknown even to their own family members. This activity has been very severely curtailed or stopped altogether, as all transactions and funds associated with this trading is tracked 24/7. Many operatives engaged in these illegal trades have had to close down their operations, have gone to ground, or have been arrested.

When tackled about these activities in the past, members of such US operatives’ families, who ‘sort of’ knew what was going on, have typically tended to fall back on the words ‘national security’ when asked direct questions about what such unusual satellite trading equipment was being used for – this phrase being favoured as cover for the reality that the trading equipment had been given to the operatives by the CIA et al. to enable them to conduct illegal, off-balance sheet, untaxed, secret fraudulent finance counterparty trading operations undetected, as such transactions are or were of course all unaudited and subject to no checks and balances at all.

• By their involvement in such hidden fraudulent financial trading activity, the secret Agency-linked traders, located all over the United States, were engaged in economic terrorism and are accordingly vulnerable, as the purge widens, to being arrested and indicted for such crimes.

Of course even family members who knew what their spouses were up to may genuinely have assumed that their secret trading activities were covered by the National Security Act of 1947 et seq.; but since most of these people knew perfectly well what was going on, their toleration of such corrosive activities, amounting to economic terrorism, which have created such growing havoc by accelerating the rate of expansion of the overhang of unrealisable outstanding fiat obligations, represents a prima facie breach of the Misprision of Felony Statute.

DOUBLE-MINDED CRIMINAL ENTERPRISE SERVES DVD’S AGENDA
The CIA’s fraudulent finance operations have been systematically destroying the global financial economy in accordance with the bribery-oriented blueprint developed by George Bush Sr. and the corrupt Dr Alan Greenspan for Deutsche Verteidigungs Dienst (DVD), Dachau, the heirs of the Nazi Abwehr originally directed from Oklahoma City by the late Admiral Canaris, who operated under the assumed name of Samuel Randall Pittman until he fell ill in 1974, when his place was occupied on a temporary basis by the triple or quadruple agent Dr Henry Kissinger, who has never managed to discard his hideously guttural German accent, which no American ever seems to have questioned!

Kissinger persuaded President Gerald Ford (a.k.a. the pornographer Leslie Lynch King Jr.) to fire William Colby (later ‘suicided’ during a ‘canoe trip’ on the Potomac) and to replace him as DCI with George Henry Walker Bush Sr. (Scherff), a long-time Abwehr/DVD asset and CIA agent implicated in the assassination of President John F. Kennedy, in a manoeuvre whereby the DVD came to control the Central Intelligence Agency totally (rather than partially through the notorious earlier postwar penetrations). In April 2008, a ‘connected’ US visitor who appeared at our London office without an appointment on Good Friday, volunteered that our DVD analysis ‘is 100% correct’.

LONG-RANGE PAN-GERMAN REVANCHIST STRATEGIC DECEPTION
The pan-German ‘Black’ DVD Nazi strategic deception Continuum is motivated by a hatred of the ‘Anglo-Saxons’ for having supposedly ‘won’ two World Wars as a consequence of which Germany was virtually destroyed. In 1941-42, the Nazis set up a German Geopolitical Centre in Madrid, which became a haven for Gestapo officers, who occupied all the main hotels there for many years. In the early 1950s, the Allies intercepted a document that they labelled the ‘Madrid Circular Letter’ which spelled out pan-German long-range plans to reverse the outcomes of the two World Wars.

This document elaborated on Nazi policy papers captured by the Allies at the end of the Second Illuminati War, one of which boasted that ‘we shall build the Thousand-Year Reich on the Ruins of the United States’, as explained in great detail in the Editor’s book ‘The New Underworld Order’.

The ‘Madrid Circular Letter’ claimed that ‘für uns ist der Krieg niemals vorbei’ (for us, the war never ended). But the West in general , and the United States in particular, complacently assumed that, having personalised the enemy in the format of the hate-figure of Hitler, that operative’s demise represented the end of the Nazi menace. This view was catastrophically mistaken.

For, as described in the Editor’s book and widely elaborated elsewhere, the Nazi repression and intelligence chief in the Soviet Union, General Reinhard Gehlen, not only managed to persuade a willing US political and intelligence class that Mr Stalin was preparing to invade Western Europe (whereas in reality Josef Djiugashivili-Kochba had only one and a half mechanised divisions, the rest being either decimated or still horse-drawn, while his repression cadres were bogged down with imposing their control over the newly-annexed satellites), but also over time procured the mass penetration of the US intelligence community and other US structures with ‘former’ Nazi operatives and scientists, finally backing the reconstituted European elements of his former networks into the Germany-based US intelligence structures themselves (CIA-1, Frankfurt).

WORLD NOW ENGULFED IN A CHAOTIC INTELLIGENCE WAR
All intelligence organisations today are at war within themselves, as all have been penetrated by foreign powers and domestic enemies, as a consequence of which no intelligence operative can ever trust any of his or her colleagues and must live with the knowledge that he or she is liable to be deceived, double-crossed or entrapped without warning at any stage of a given operation.

The upshot is that the whole world is now engulfed in a ruthless, no-holds-barred, long-running and now red-hot intelligence war over money, which is actually destroying all money and asset values on a scale with no historical precedent. We did predict this outcome in our reports dated 2nd September 2006, and in reports posted, for instance, on 18th and 27th July 2007 [see Archive].

As indicated earlier, the intelligence war over money had been raging largely below the radar, with periodic eruptions, certainly since the Second World War. But given the terrible intransigence of the organised intelligence community-linked criminals who hijacked the White House and the US Treasury under the Bush and Clinton Crime Families, we need hardly be surprised that many unruly elements of the darkness are taking matters into their own hands, seeking to ignite flashpoints in the cynical expectation of being able to foment wars and rumours of wars which can subsequently be exploited to cover up their financial thefts and fraudulent operations. For instance, the Bombay atrocities could well have been associated with the Bush-linked ‘Black’ forces’ fury that the Indian authorities may have ‘ceased to cooperate’ over $2.0 trillion that was illegally transferred, you will recall, to UBS New Delhi, in the course of 2007, when the criminal financial operations were at their peak, before our exposures had started to bring the perpetrators to book.

Amazingly, however, these penetrated and internally warring intelligence communities ‘rely upon’ the ‘Rule of Law’ as a back-stop, even though some of them (headed by the CIA) treat the ‘Rule of Law’ with absolute contempt and consider that they have an open-ended license to break the law, the only rule being ‘you are on you’re own if you get caught’.

CRIMINAL INTELLIGENCE INCOMPATIBLE WITH GOOD GOVERNANCE
Self-evidently, the existence of criminal enterprise intelligence communities as evil as the CIA and its ‘subsidiaries’ is quite incompatible with good governance and indeed with national and external stability and wellbeing. Moreover, as we have explained both electronically and in several of our publications, the aggressive Intelligence Power acquires hegemony over the other two sides of the power triangle, the Military Power and ‘The Party’ which, in the geomasonic control model, is split between two main factions (Thesis, Republicans and the Conservative Party; Antithesis, the US Democrats or the Labour Party). The Intelligence Power typically develops its odious status as the immense, arrogant ‘State within the State’ by exploiting its power of penetration and its ‘licence to deceive’, so that it places its own operatives inside the Military Power and The Party. In both Britain and the United States, the Intelligence Power selects and prepares candidates for the highest offices from among the ranks of its operatives or assets – giving rise to our aphorisms:

• ‘The Intelligence Power is in control, out of control
and needs to be brought under control’; and:

• ‘It is neither here nor there which faction of The Party wins elections,
because the Intelligence Power always wins’.

In the parallel and almost identical (covert) Soviet model, exactly the same phenomenon applies. This central reality (which few Americans yet seem to grasp) does not detract from the fact that the two wings of The Party are or can be at almost perpetual loggerheads with each other, and bitter enemies at all times. After all, enmity, hatred, conflict, antagonism, lying, deceit, reprobate abuse, paedophilia, double-crossing, bearing false witness and all the other familiar ‘Black’ behaviour that is characteristic of the darkness are presupposed, given that Evil Spirit is in charge here.

Perpetual conflict and tension (which the controlled operatives Trotsky and Mao Tse-Tung took to the extreme of advocating and promoting ‘Permanent Revolution’) are the necessary prerequisites for ‘fruitful’ manipulation of the dialectical process (Thesis, Antithesis, Synthesis), with successive dialectical cycles occurring until (in theory) such time as the pre-intended ‘Synthesis’ is achieved.

But of course, as all this is the work of the Devil, that never actually happens: hence the use of the word ‘Revolution’, meaning going round and round in circles.

The word ‘reactionary’ was developed as a label to be used against all who oppose going round and round in circles, with the completely illogical connotation that those who prefer standing still and not getting dizzy by going round in circles, are boring stick-in-the muds who can be dismissed as beyond their sell-by-date. The use of twisted semantics is an important revolutionary tool.

TABLES DECISIVELY TURNED AGAINST PARTS OF THE OCTOPUS
Anyway, we diverge (on purpose), don’t we?

Actually, a modicum of scene-setting has been considered necessary, in particular so as to address two rearguard agitprop campaigns that erupted the moment John McCain conceded the election, leaving Barack Obama as the President-elect. McCain is reported to have decided to ‘throw’ the election in part because, finally, he had become sick of the endless corruption, and preferred the prospect of retiring to a status of ‘elder statesman’, not least so that the far-reaching purge that we identified and predicted in our report dated 6th November 2007, would not be liable to be focused in his direction. In that report, we published paragraphs headed as follows:

• ‘Why the overdue purge, once started, will now continue’;

• ‘The bad apples will continue to be purged’; and:

• ‘The American people will suffer because they cannot get on top of
the most dangerous pack of deceiving and thieving wolves in the world’.

DEFEATED ‘GERMAN FACTION’ FURIOUS THAT IT HAS BEEN COMPREHENSIVELY THRASHED
The good news, as will be explained below, is that, at long last, the tables are now being decisively turned against these ruthless criminal operatives – a fact which has so far escaped the attention of most Americans, and has certainly not been well understood by many correspondents in the United States impatient for progress but lacking adequate information, who appear to imagine that these evils can somehow be remedied overnight, let alone by various frantic authors of certain hysterical electronic postings which have their known origins in last-ditch US counterintgelligence agitprop operations separately designed to destabilise the President-elect, and the British.

Both these sewage outflows of disinformation have been driven by the following realities:

• THE UNITED STATES IS NOW RANK BUST. It is IN HOCK to the European powers. This is NOT a result of deliberate entrapment by these European powers: it is a consequence of the unfortunate failure of the American people to clean up their country’s mess, which is to say, their failure to find a mechanism for ridding the political structures of the corrupt organised criminals who hijacked the US political process many years ago for illegal and corrupt self-enrichment purposes.

• No-one in Europe blames the American people for this failure: it is hardly THEIR fault that such a ruthless gang of criminals and thieves took over their Government and turned it into a murderous money-making machine for their own purposes, to the detriment of the American people and of the whole world, leaving the United States with a degraded reputation as a pariah state.

• After all, the United States ‘replaced’ Britain as the leading power in the world, and expects the Rest of the World to hold its currency, as prescribed under the Bretton Woods system, which ALSO laid down that the second, offsetting, world currency shall remain the pound sterling (which is why, contrary to what the President of the European Commission is now claiming, Britain is NOT about to dump the pound and substitute the European Collective Currency, which is backed by nothing, has no Treasury and lacks any Government in the true sense).

• Contrary to the bitter propaganda motivated precisely by the fact that the DVD-linked criminals holding the highest offices have now been COMPREHENSIVELY DEFEATED, a nasty rearguard ‘Blacking’ operation (which no-one other than the less well-informed (through no fault of their own) takes seriously) has suggested that the Brits have got the ‘upper hand’: whereas what has really happened is that the thefts of The Queen’s gold and attempted thefts of Her Majesty’s loan funds, and other financial crimes against the Sovereign arising from the surreptitious instalment by Bush-Blair of fraudulent finance operations involving Deutsche Bank and the Vatican Bank run through Coutts Bank as clearing house, have been ‘put in order’.

At the same time, since the financial crimes were committed abroad, especially in Britain, British law enforcement, intelligence and justice have been deployed to procure the intended outcome against the intransigent intentions of the scorched and defeated criminalists and some of their intelligence and banking associates, and latterly now of Gordon Brown [see below].

• The pan-German Fifth Column headed by the DVD’s Bush Sr. (Scherff) have now been thrashed so badly, and repeatedly thrashed so badly, that they are bleeding and screaming and bellyaching as they wallow in the mess resulting from their newly exposed criminality, alike a spoilt child who has been disciplined and refuses to submit to any discipline whatsoever.

• There is nothing (apart from organising retaliatory flashpoint atrocities such as shipping trigger-happy mind-controlled False Flag terrorist cadres by boat into Bombay and ordering them through compartmentalised cutouts to indulge in a sadistic bloodbath of Jews and other foreigners) that they can now do about this massive defeat that they are experiencing.

DIVERSIONARY PURPOSE OF PANICKY ANTI-BRITISH AGITPROP
The purpose of the crude attacks on the British that we have been seeing of late is therefore to reverse the truth – which is that the criminal financial operations, equating to financing terrorism, were and have continued to be recklessly perpetrated by these arrogant US criminal operatives against The Queen (see below) and Britain generally, as well as against certain other key European countries. Those controlled diversion and redirection outlets that have been pointing the finger at the British have been ordered or encouraged to do so by their handlers, as part of a crude, belated and futile rearguard response to the stark and decisive defeat these criminals have suffered and are facing, to try to obfuscate what has been going on, and to salvage the wounded pride of those agents of influence who have been unwilling to comprehend that the criminality originated at home but had to be exported to Europe and beyond because the relevant financial fraud operations were and remain illegal under, inter alia, the US securities laws.

See also, appended at the foot of this report, the list of US Statutes that the American perpetrators flouted, and for which many of their number, including representatives of the criminal enterprises, will certainly be called to account as a consequence of crucial US judicial processes which remain empanelled and are intensively engaged in comprehensive reviews of the epidemic of Bush-linked fraudulent finance highlighted by these exposures. These processes will impinge upon the Senate confirmation hearings, which will need to consider the criminal activities of certain nominees.

Recall that nine aircraft were commandeered, as reported in our posting dated 6th November 2007, to transport thousands of arrested US bankers to European centres, especially Britain, where they were taken into custody under the European anti-terrorism legislation. As we reported recently, the bankers and others, including some of their lawyers, were duly jailed for periods of 25 years, with the aggregate number of such prisoners languishing in British and European jails now believed to exceed 10,000. Further information about what they were up to, is contained in the present report.

BUSH TRIED TO BRIBE OBAMA WHEN HE VISITED THE WHITE HOUSE
When considering what follows, it will be as well to remind ourselves that what is presented for public consumption may of course diverge 100% from the reality. Hence widely distributed press photographs of President-elect Obama and his wife flanked by a mean-looking President George W. Bush who has made a complete mess of his Presidency, and his wife Laura with her stiff false smile, at the White House on Monday 10th November, were intended to imply that the outgoing team had been engaged in a polite encounter, smoothing the way for the President-Elect to assume power – and displaying before the whole world that the United States transfers power without acrimony.

Nothing could have been further from the truth about what happened on Monday 10th November, when Mr and Mrs Obama appeared at the White House on schedule. For according to our special sources, what then happened was that Mr Obama was immediately subjected to the Bush bribery routine. Specifically, heavy pressure was exerted on him to meet the wishes of the Bush-Cheney criminalist gangsters in exchange for a huge payout, the proportions of which have not yet been specified (whereas it is known that a huge volume of gold was paid to a previous contender for high office on an earlier occasion).

Reflecting his innate strength of character, his standards of belief and conduct and his extensive knowledge as a former professor of constitutional law in Chicago, Barack Obama reacted with an outright rejection, along the lines inter alia of ‘you must be joking’ – whereupon there really wasn’t much more to be said. The Bush Crime Family had finally ‘blown it’.

These criminal operatives behaved as they have behaved all along – assuming that the Cheney-favoured post-war neo-Nazi-originated power-building technique of bribery, with its corollary of blackmail and control, would ‘work’, as had been the case in innumerable instances before. They took the desperate risk that their offer might be turned down, without stopping to think what the consequences of such an ‘inconceivable’ rejection would be likely to be.

BUSH WARNED: ‘DO NOT TOUCH OBAMA, OR ELSE…’
In order to register the momentous consequences of this encounter on 10th November 2008, a concomitant development must be reported here. Following Obama’s election victory, George Bush Sr. and associates, including his cokehead son, were informed by powerful but unspecified parties that if they proceeded with their project to have President-Elect Barack Obama ‘removed’ – an intention that had been discovered to be a reality, as opposed to wishful thinking – all those concerned would immediately be liquidated without further ado.

• Now it will be recalled that we have previously reported that Bush Sr., the Personification of Evil, has previously been warned that he would be shot dead on sight – a warning he has ignored.

• In 2004, when confronted by representatives of the Joint Chiefs of Staff about his open-ended criminal operations at home and abroad, the charming Mr George Bush Sr. is reported to have shouted: ‘Go take a flying [expletive deleted] at the moon’. [Verbatim].

But this time, the force of the warning appears to have penetrated one ear of the relevant skulls without immediately shooting out of the other one – as usually happens, given that there is not a lot in between. It was borne in upon these crooks that the Intelligence Power had long since made up its mind WHO was to be President of the United States, and that the US Intelligence Power was supported by the Military Power as well – not least, at this late stage, because the Military Power knows what the consequences in terms of domestic revolutionary social unrest would be liable to be, should anything happen to the new President-Elect.

BLAIR SUBJECTED TO INTENSE INTERROGATION IN THE UNITED STATES
In other words, the temperature immediately following the election could be described as close to boiling point, especially as the former British Prime Minister, Tony Blair, had crossed the Atlantic for a second time, to appear in Washington DC for further questioning.

• This followed his capitulation two weeks or so earlier when, faced with a summons to appear, as ordered by Speaker Michael Martin, before a House of Commons Committee ostensibly called upon to investigate the 11-year-old matter of Blair’s exemption of the Formula One motor racing sector from a ban on tobacco advertising shortly after Blair had seen its controller, the dubious Monaco-based Bernie Ecclestone in 1997, Blair had decided to ‘roll over’ on all the primary participants in this fraudulent finance epidemic, as we reported here on 31st October 2008.

As explained in that report, UK Parliamentary committees will only address issues that are before the relevant House and concern its specific business; so the intention had been to entrap Blair with evidence based inter alia (but not exclusively) upon evidence that surfaced following the raids on the ‘safety lock boxes’ by 300 armed Metropolitan Police masterminded by Assistant Deputy Metropolitan Police Commissioner John Yates on 2nd June 2008 – an absolutely crucial, decisive development in the process of unravelling the criminal operations of the Octopus.

BLAIR AND BUSH SET LONDON UP AS FRAUDULENT FINANCE PLATFORM
On Sunday 2nd November, Blair had been obliged to rush to the United States for the first time since he had ‘rolled over’, inter alia to sign certain key release documents in the presence, it is believed, of two Supreme Court Black Robes. With such information surfacing, it now began to emerge that Blair had been much more deeply involved (see below) with the fraudulent finance operations than may have previously been understood. For on 3rd November, we were able to establish from two reliable sources that:

• Following 9/11 (when a large portfolio of contracts had perished given that the offices and 652 personnel of Cantor Fitzgerald, the British-based money brokerage firm, had been destroyed when the Twin Towers were blown up), and certainly by May 2003 when the Editor of this service started to become aware of this, former President Bush 41 and Prime Minister Blair had been instrumental in procuring the exploitation of London as the main ‘platform’ for a new wave of fraudulent finance operations inter alia using stolen assets as base. The Bank of England provided secret offshore account facilities for this purpose as well, and has been directly involved in these activities: hence (a) the arrest of the former Governor, Eddie (Lord) George, in July 2007, and (b) the tension that is evident on the face of the current Governor of the Bank of England, Mervyn King.

• Specifically, Coutts Bank, ‘The Queen’s bank’, was selected to serve as clearing house (money laundry) to move secret fiat funds through to Deutsche Bank, the DVD’s ‘house bank’, and on to the Vatican Bank, by now directed by the former President of the Bundesbank, Herr Dr Hans Tietmeyer, under the control of the German Pope Ratzinger. At Coutts, there is or was a lock box containing substantial usurped collateral assets which may have underpinned at least part of this operation.

• Nefarious intentions here included a blatant attempt to compromise Her Majesty the Queen by exploiting the services of this institution, Coutts Bank, known to have connections with Royalty.

• More generally, cover for this illicit financial activity was to be provided, crudely put, by The Queen, unknown to her, and the Pope simultaneously.

• Incredibly, the conduit ‘enabling’ aspects of this criminalist assault to be perpetrated is reported to us to have been a certain Bernie Ecclestone, whose Formula One (cover?) operations are based in Monaco which is the CIA’s main European money-laundering centre.

Formula One. which may be a massively ‘lucrative’ money laundry (serving the necessary ‘project’ purpose applicable to all such finance), is known to have very extensive German dimensions and is ultimately controlled by Max Mosely, son of Sir Oswald Mosley, head of the British Fascist Party and a Mussolini symathiser, and the supremely snobby socialite Diana Mitford, who had been a personal friend of Adolf Hitler-Schickelgrüber and a Nazi sympathiser (both of whom were interned by the British Government at the outbreak of the Second Illuminati War).

Hence the significance of Speaker Michael Martin’s order for Blair to appear before a House of Commons investigating committee over the 1997 ‘Ecclestone affair’.

• There is also an extraordinary separate ‘Ecclestone’ dimension which would appear to have represented an early attempt by UK authorities to bear false witness against the Editor of this service in order to discourage him from pursuing these enquiries (an operation which of course had the opposite effect). This dimension is elaborated on pages F-03 et seq. of the new issue of International Currency Review [Volume 34, Number 1], published at the end of November 2008, excerpts from which are posted below in the Appendix.

On 21st November it was extensively publicised that the diminutive (5ft 4ins) Ecclestone is to be divorced by his extremely tall Croatian wife (and DVD handler?) Slavica, who could be in line for a record-breaking divorce settlement, as many of his assets are reported to be lodged in her name. The timing of this development is ‘curious’, to say the last.

POWERS OF ATTORNEY TO INVESTIGATE COUTTS LOCK BOX
In March 2005, the Editor of this service was granted a strictly limited (at his request) Power of Attorney empowering him to investigate and report on the existence of certain assets held at Coutts Bank. The Editor attended the offices of Attorney Steven Goodwin in Richmond, VA, from where a conference call to Coutts Bank was arranged at which Mr Goodwin was to inform the bank that he would be attending at Coutts with the Editor in this connection.

The phone call was initially directed to a Mrs Burgess, a contact previously established by the Editor; but when put through, it was diverted to a Mr Robertson, a Scot presumably installed by Royal Bank of Scotland, of which Coutts, via Natwest Bank, was by now a subsidiary (such hasty banking mergers facilitate the hiding of irregular transactions).

• This Mr Robertson did his best to affect total ignorance of the assets in question. At the end of the said conference call, the Editor surprised Mr Robertson by interjecting to say that as Editor of International Currency Review, he was conducting an extensive investigation into missing and hijacked finances worldwide, which was one reason why he would be attending at Coutts Bank accompanied by Mr Goodwin, as had been tentatively arranged for early April 2005.

On 3rd April [see Figure 23, International Currency Review, Volume 33, Numbers 3 & 4, page F-124, facsimile], Mr Goodwin wrote to Robertson at Coutts Bank’s central London address, 440 Strand, London WC2R 0QS, demanding information about certain corporate accounts and noting (by way of illustration) as follows:

‘Enclosed herewith please find a specific Power of Attorney granting me access to this [specified] information. I would specifically refer you to an account in the name of Pacific Victory S.A., having an account number of Z 63 66 76. It is my understanding that on or about April 26 1999, a significant transfer was made into this account at your bank from Standard Chartered Bank, and [that] this transaction was handled by bank officer J. D. Fleming, and/or John S. de C. Firth, Vice-President’.

‘Please contact me immediately regarding these accounts. I look forward to your prompt response’.

CONFERENCE CALL IGNITED RED LIGHTS EVERYWHERE
In the light of the fact that Coutts Bank had been selected, we now know, as the clearing house for the illicit transactions referenced above, you can imagine that the reaction of US and international eavesdroppers to that conference call will have been, shall we say, one of considerable alarm – especially, one would imagine, at Fort Meade, GCHQ Cheltenham, and at the DVD’s listening post near Munich. How was it possible that a mere investigative journalist was so rapidly onto the tail of this newly relaunched fraudulent finance undercover money-laundering operation sponsored by George Bush Sr. and the British Prime Minister, Tony Blair?

At that stage of the investigations, the Editor had been advised that the intention was to repatriate all the funds deposited outside the United States and illegally deployed (both by the institutions and by corrupt US operatives) as collateral following the ‘takedown’ of the Soviet Union, with the collaboration of the bribed Gorbachëv and of the key GRU operative Vladimir Vladimirovich Putin.

But not long after this telephone conference call, a clandestine ‘switch’ took place, and the Editor was in due course informed that $4.5 trillion, by way of a settlement, had been sent over from the People’s Bank of China in May 2006 (after the no-longer-dead Howie Kwong Kok’s signature for the release had been obtained). These funds were supposed to have been made available to finance what is now called the G-7-Approved Refunding Programme, with effect from June 2006: instead of which, the US Treasury Secretary-designate, Henry M. Paulson, secretly signed a certain contract alienating the funds on 20th or 21st June 2006.

• Since this was of course all done behind closed doors, the Editor was not informed and we embarked, as requested, upon what became our globally disseminated ‘Wantagate’ quest for fulfilment of the delivery, which never materialised.

• It now appears that we were encouraged to do precisely this (which was why the Editor was ‘left alone’) as COVER for the switch and diversion of the funds that had already taken place.

GROSS ERROR OF JUDGEMENT BY U.S. COUNTERINTELLIGENCE
If so, that was a catastrophic mistake on the part of the US intelligence community’s cack-handed strategists. OK, we were deceived at the time, and for a long time. But the deception led directly to the global crisis that is now unfolding, because in pursuing the whereabouts and handling of the $4.5 trillion, we unexpectedly exposed successive layers of US official and banking sector duplicity and corruption, which led in December 2006 to Paulson’s arrest in Germany, and thereafter to the successive peeling away of the onion of gross deceit and fraudulent finance which precipitated what became known as the ‘sub-prime crisis’ – a ‘slide’ imposed by US counterintelligence on the situation, designed to prevent the ‘mainstream’ media from investigating further.

As this catastrophe expanded, we specifically warned that the outcome would be a ‘train wreck’: see, for instance, our reports dated 18th July 2007 (‘Touch and Go’); 27th July 2008 (‘Global Train Wreck’); 10th August 2007 (‘And so it came to pass: (Subtitled) Finally, years of financial fraud start unravelling’); 30th August 2007 (‘The ‘sub-prime’ link: How Wantagate unravelled the ‘sub-prime’ scams’) [see Archive], not to mention innumerable other posted warnings along the same lines, starting with our earliest prediction of what would happen in the financial and the ‘real’ worlds if Paulson, the US Treasury Secretary, continued with his corrupt practices (2nd September 2006).

In other words, the highest-level perpetrators of these fraudulent financial manoeuvres, headed by the Bush and Clinton Crime Families, Paulson, Cheney, Greenspan and the rest, PERSISTED with their illegal, unconstitutional behaviour as economic terrorists, in the face of both our warnings of what their behaviour would lead to, and the rapidly accumulating confirmations that these warnings were soundly based. Even when that was OBVIOUS to all who were not sitting on their brains, they CONTINUED WITH THEIR MANIPULATIONS AND DECEPTION MANOEUVRES.

It is thought that during this period, because the ‘mainstream’, controlled and directed by Cheney, remained fast asleep, the US criminalists assumed complacently that the warnings posted on this website could be safely ignored. But what was also ignored was that the Editor of this service is the longest-serving editor of economic and financial publications in the world.

• We were writing and analysing this stuff when Bush Jr. was evading the draft, and Paulson was still metaphorically speaking in short pants.

BLAIR INFLUENCED BY THE GERMAN MOLE ROY JENKINS
A relevant word here about Tony Blair’s political pedigree. Blair, an intelligence officer, was a protégé of Roy Jenkins, one of the Oxford undergraduates who, with Edward Heath and Geoffrey Rippon (the joint signatories of the illegal British Treaty of Accession to the European Economic Community in 1972) had been recruited decades earlier by pan-German interests, as exposed in the first report to have been posted on this website (dated 12th October 2005).

Heath, in fact, was the longest-serving mole ever to have been exposed (which occurred, by the way, in 2003). Hence Blair’s geopolitical orientation was influenced by Heath’s fellow traitor Roy Jenkins. Blair was responsible for appointing John Scarlett as head of MI6; and as also reported here, John Scarlett serves the interests of the pan-German agenda (i.e., the Abwehr/DVD), which initiated and controls the European Union Collective, an anti-nation state entrapment instrument, the purpose of which is to defang, collectivise, ‘enronise’ and also entrap its constituent Member States, in accordance with the blueprint specified in the Nazis’ 1941 compendium ‘Europäische Wirtschaftsgemeinschaft’ (‘European Economic Community), published by Haude & Spenersche Verlagsbuchhandlung Max Pashke in Berlin in 1943, copies of which may be inspected in the Staatsbibliothek, Berlin, and in the British Library (on request).

• As previously reiterated here, the chapter headings of this Nazi tome are almost identical to the chapter headings of the 1992 Maastricht Treaty, which represented the culmination of this Nazi blueprint for achieving political control and regional hegemony.

MISGUIDED BRITISH IDOLATRY OF THE EUROPEAN UNION
The British Establishment’s blind idolatry of our membership of the disastrous and institutionally corrupt European Union Collective is of course a scandal of immense proportions, not least in the prevailing economic and financial context, when the Government’s financial problems could be addressed, as proposed in the preceding report, by diverting all UK payments destined for the European Commission into a suspense account, pending the rectification of the Commission’s fraudulent financing and accounting practices.

Since the Commission’s accounts have been adjudged to be irregular for the past 14 years by the European Court of Auditors, it is beyond scandalous that the British Government still continues to squander more than £50 billion of taxpayers’ funds per year to finance this corrupt and reprobate geopolitical, globalist sink-hole.

• The only reason this idolatry remains intact is that operatives at the highest levels of the British political system, such as Blair and now Brown (see below), are/were compromised.

EMPANELLED INVESTIGATIONS LOOKING INTO WIDE SPECTRUM OF THIS CORRUPTION
Concerning the United States, there is a dimension of the ever-broadening unravelling process that we are prevented by US practice and legal constraints from reviewing.

We refer again to certain empanelled, ongoing judicial processes that have been engaged in comprehensive investigations into multiple US dimensions of the fraudulent finance operations, including the criminal alienation of the original $4.5 trillion, as discussed below, and for instance the Halliburton operations installed inside the Central Intelligence Agency and in the Pentagon which have been systematically defrauding the two structures and the US taxpayer (see report of 26th May 2008: Archive), profiting from the Iraqi and Afghan wars and deaths on a prodigious scale.

• Given these ongoing processes, it seems to us, and others, to be most unlikely that the high-profile perpetrators will escape the devastating consequences of their serial financial crimes.

• The machinery of the Rule of Law grinds slowly, but excessively finely. This all TAKES TIME.

PRESIDENTIAL PARDONS ARE NO USE: CRIMES WERE COMMITTED ABROAD
There has been talk, inevitably, of Presidential pardons, which was what President Bush Jr. was clearly signalling when, immediately ahead of Thanksgiving, he was reported to have conducted a ceremony in the Rose Garden at which he pardoned two turkeys.

• In practice, Presidential pardons will provide perpetrators of these crimes with no protection at all, since the grotesque serial financial crimes in question, including the stealing of The Queen’s gold, from which the Clintons profited (see below), were perpetrated against foreign powers and sovereigns, starting with Her Majesty The Queen.

One can well imagine, therefore, that, as Secretary of State, Mrs Clinton would be liable to receive the frostiest of welcomes in foreign capitals, especially in London, where she might be told in no uncertain terms that she would not be welcome. (On 1st December, The Times of London, globalist Rupert Murdoch’s mouthpiece, perversely said the exact opposite, namely that the appointment of this ‘brilliant woman’ would be enthusiastically welcomed in London, implying either its crass and culpable ignorance of Queen Melusina’s crimes, or an incompetent failure to understand that her CIA husband ‘works for’ DVD chieftain Bush Sr. who has systematically ‘enronised’ both the United States and Britain). How dare this criminal operative purport to tell other countries what to do when she herself should be behind bars for at least the 25-year tariff that lesser (banking) criminals were having to endure due in part to her own open-ended immorality.

• Irrespective of her position, she would certainly be eligible for immediate arrest, incarceration and indictment without further ado: after all, if the current British Prime Minister can be threatened with arrest (see below) by Barack Obama even before he has taken over as President, so can this arrogant Queen Melusina. There are said to be a number of sealed indictments against this woman.

Of course the impact of Bush Jr.’s ludicrous theatrical performance was to reconfirm that this deluded fellow may indeed himself be indistinguishable these days from a terrified turkey – an impression reinforced by the parallel fact that on 24th, 25th and 26th November, President-Elect Obama gave press conferences at which he was universally seen to be ‘behaving presidentially’ – an impression being fostered by no means by accident.

OBAMA ADVISED HE MAY HAVE TO ASSUME POWER EARLY
For Mr Obama has been advised that he must be prepared to assume office early, if necessary – which is to say that there are indications, confirmed by several separate sources to this service, that the prescribed Inauguration Day of 20th January 2008 may be brought forward, or that the new President may have taken office some time in advance of that date. This information has not been accompanied by any elaboration: but it must be obvious that the pressure of events and of ‘the processes’ alluded to above may not allow for the luxury of a transition period of normal duration.

• This, in turn, accounts for the fact that Mr Obama has already assembled the key members of his team for his first term, although we also know, do we not, that all the key people are selected by the Intelligence Power which runs the Government, and its structures, not the other way round. The team has been assembled ‘early’ because the Obama Administration may start early.

Whatever the failing agitpropagandists wanted, the reality is that, in contrast to earlier presidential elections, the outcome in November 2008 was decisive – enabling John McCain to escape from his agony by conceding defeat and making a very generous speech congratulating his opponent at the earliest possible moment. At 8.20pm on 6th November, we were further informed that the current Provost Marshal had retrieved the controversial NESARA (that is, National Economic Security and Recovery Act) documents from Chief Justice John Roberts.

NESARA APPARENTLY REMOVED FROM THE EQUATION
Since the United States now at last possessed (so far as the controlling Intelligence Power was concerned, at any rate, which was ALL THAT MATTERED IN PRACTICE) a constitutionally chosen President-Elect, NESARA was now clearly redundant. It is finished.

• Criminalist President Clinton had signed the legislation, WHICH WOULD ONLY COME INTO EFFECT WHEN ANNOUNCED, in the presence of Navy Seals, who eat Marines for breakfast.

It contained provisions for the reform of the United States’ finances and the removal from office of the President, the Vice President and the Cabinet, and their immediate replacement by an Interim Administration charged with organising elections within six months. NESARA, by the way, explains the original nickname applied to Bush Jr. of ‘Temporary’. It had somehow been assumed that the Clinton legislation, effectively signed under military duress, would be implemented under Bush Jr.

• John Roberts, appointed by Bush Jr. to head the Supreme Court, was briefed to confiscate and ‘sit on’ the NESARA papers, presumably because Bush Jr. saw them as a threat to his rule.

The decisive 2008 election outcome was of course another reason why John McCain conceded so promptly. Given the outcome, NESARA was no longer prospectively ‘needed’, so the Chief Justice could no longer ‘justify’ holding on to the relevant documents, which the current Provost Marshal accordingly ‘confiscated’. President-Elect Barack Obama has since indicated that the authority of the Provost Marshal is to be strengthened under his Presidency, or else has made it plain that the holder of this office has the President-Elect’s full support in the fulfilment of his duties, which, in the prevailing circumstances, amounts to the same thing.

FINALLY, ‘MAINSTREAM’ OUTLETS HINT AT THE REAL CRISIS
On 8th November, CNN came closer than ever before to exposing the institutionalised financial corruption (which, despite everything we have published, has been continuing, although Bush Sr. himself has encountered increasing difficulty in identifying counterparties willing to play financial games with him any more). Specifically, CNN reported on its One O’Clock News that day that ‘two major banks have been caught misusing funds. They are having to settle once and for all’.

The ordinary viewer would not have understood the meaning of ‘once and for all’: but those aware of the immense pressure for completion of the Settlements, which President-Elect Obama was known (by 13th November) to have said ‘must be paid immediately’, will have understood.

• This, by the way, reveals that, as has been known for several years (for certain reasons), CNN has been aware of this nexus of financial scandals all along.

On 27th November, we were explicitly informed, and it was duly confirmed, that the US ‘mainstream’ print and broadcast media had been instructed by Vice President Cheney’s office to refrain from any mention of these matters whatsoever. Earlier, on 25th November 2008, it had been asserted on MSNBC that Cheney had been controlling the ‘mainstream’ media throughout his term in office.

These sudden admissions by ‘mainstream’ outlets did nothing to salvage the tarnished reputation of the ‘mainstream’, which clearly assumed, following the election outcome, that it was now ‘safe’ to start hinting tentatively at the corruption that it has systematically suppressed for years.

• What this means, of course, is that ‘mainstream’ organisations that have suppressed knowledge of criminal operations and practices in high places and within the financial structures are de facto co-conspirators, accessories to the fact of these crimes, and clearly guilty, in the first instance, of offences under the Misprision of Felony Statute.

FIFTH ESTATE HAS PERFORMED AN ‘END-RUN’ ROUND THE ‘MAINSTREAM’
They are uncomfortable because the Fifth Estate (the Internet) has performed an ‘end-run’ around the ‘mainstream’ (sidestream) media, with the consequence that millions of thinking Americans and Europeans are now aware, to some extent, of the existence and implications of this grandfather of all financial corruption scandals. A visitor newly arrived from Germany told the Editor on the 29th November of his sense that many people’s eyes have been opened to the gross criminality of their governments, of financial institutions, and of holders of high office across Europe, as well as in the United States. In other words, the cat is indeed well and truly out of the bag.

BLAIR TOLD HE WOULD NOT BE WELCOME AT CENOTAPH CEREMONY
On 9th November, The Queen and the British nation mourned the dead of the successive Illuminati wars with the moving annual Cenotaph prayers and ceremony, which is usually attended also by former Prime Ministers. This moving ceremony has remained unchanged ever since 1919. On this occasion, Lady Thatcher was present, walking on the arm of her successor, Sir John Major.

Also present, of course, were the Prime Minister, Gordon Brown, and the representatives of the other political parties. But former Prime Minister Tony Blair was absent from the ceremony. We are informed that Blair was told not to appear.

POWERFUL ‘CHICAGO PEOPLE’ WANT TO BE PAID, TOO
On 13th November 2008 the world was treated to the disturbing spectacle of five top ‘hedge fund’ managers, believed to be launderers of George Bush Sr.’s corrupt funds – George Soros, James Simons, John Paulson (no relation), Philp Falcone and Kenneth Griffin – testifying before Mr Henry Waxman’s Congressional Committee and blaming the current financial crisis which of course they have immensely exacerbated thanks to their exotic and dubious financial excesses, on ‘the system itself’. As we have previously pointed out, these so-called ‘hedge funds’ are the ‘venting outlets’ straddling the illicit offshore, off-balance sheet, untaxed sector, and the ‘visible’ on-balance sheet financial economy. Large numbers of these funds are now in extreme difficulties due to avalanches of redemptions; and to stay afloat most have now closed their doors to further redemptions, locking their investors out, to the unrestrained fury of many of their number.

•One of the giga-managers who testified on 13th November represents a ‘constituency’ that was double-crossed by Bush Sr. He therefore turned, believe it or not, to Gold Badges for assistance.

Knowledgeable observers will no doubt understand the significance of this. Suffice it to say here, that it is factors like this which, taken with other considerations such as that the ‘Daley people’ in Chicago ‘also want to be paid’, and in conjunction with the decisive powers exercised by MI6 on behalf of The Queen as a consequence of events described earlier in this series (and later in the present report), have been driving the resolution of the Settlements dimension of this crisis.

CLINTON DISMANTLED THE U.S. ENFORCEMENT MECHANISMS
In answer to the understandable reiterated question ‘why haven’t these high-level criminalists been arrested and brought to justice?’, the interim response that we have ourselves been given is that, during the Clinton Administration, the enforcement mechanisms were essentially dismantled.

President Clinton was effectively appointed by, a client of, and ‘works for’ former President Bush Sr., in a tense relationship that is subject to periodic eruptions of great fury and is characterised, of course, by the usual foul ‘Black’ brew of blackmail, intimidation, false witness, and threats that are characteristic of the Workers of Darkness.

BACKGROUND TO THE G-20 MEETING ON 15TH NOVEMBER 2008
Meanwhile the world’s media in early November 2008 were becoming more and more worked up about the preplanned Group of Twenty (G-20) meeting arranged for Washington, DC, on the 15th November. This meeting was subsequently reported to have developed and agreed upon a menu of ‘principles’ for elaborating by officials and technical specialists, to be reviewed in March 2009 – which of course will be far too late in the day to forestall calamity, absent other delayed remedies, viz. the Group of Seven-approved Refinancing Programme, which provides for fully transparent and on-the-books capital markets transactions which will, inter alia, deliver huge ongoing windfall tax receipts into the hands of the US Treasury, and will reverse the one-way deficit financing orgy that has continued for the past century, enriching all parasitical intermediaries such as Goldman Sachs in the process, and which can only be continued as long as international confidence in the US dollar remains intact, which is no longer the case.

Since the American Treasury under ‘Paulson’ systematically destroyed that confidence and fatally jeopardised the ‘Full Faith and Credit’ of the United States because the highest-level criminalists including ‘Paulson’ himself were concentrating almost exclusively upon exploiting the fraudulent finance carousel for their own self-enrichment and in pursuit of their failing globalist hegemony agenda, the open-ended, one-way deficit-financing orgy is no longer viable.

The moment is long overdue, therefore, for the G-7-approved Refinancing Programme to be kick-started, as was supposed to have happened in June/July 2006, when the original funds were first criminally alienated by Henry M. Paulson, the former CEO of Goldman Sachs, who initially presided over the placement under his sole signatory power with Goldman Sachs of the $4.5 trillion brought over from the people’s Bank of China and referenced in the language of the Petition for a Writ of Mandamus (see our reports dated 24th June 2007 and 5th July 2007: Archive).

Following exposure of this scandal by this service, Paulson ostensibly had to have the funds removed from the custody of his former employers.

However it is also known that, although Paulson was only confirmed as US Treasury Secretary on 10th July 2006, he signed a contract on 20th or 21st June 2006 with respect to the disposition of the $4.5 trillion. The discovery at the end of November 2008 that the funds, or some of the funds, were alienated to Athens, Greece (see below), and the known fact that this transfer occurred, according to our special informants, ‘about over two years ago’, suggests that the contract signed by Paulson may have related to the Athens counterparty.

If that is true, then on the face of it, Michael C. Cottrell, M.S., and the Editor of this service, were comprehensively deceived from the very outset, and used as a front – not simply when a ‘switch’ occurred at some stage between 24th June 2007, when the Petition for a Writ of Mandamus was filed, and our appearance at the Alexandria Court hearing on 19th October 2007, as postulated elsewhere in this report.

And if THAT is indeed the case, our technique of ‘walking in a straight line’ is vindicated, since by doing so, we have procured that the multiple layers of deception have been progressively stripped away over time, exposing the theft and frauds that followed the transfer of the original $4.5 trillion by the People’s Bank of China. When truth is matched against falsehood, the truth always prevails, since lies, like plutonium, have a half-life and decay. They can never be sustained indefinitely because they are in conflict with the truth, which can never be permanently suppressed.

This means that all intelligence community deception operations are fundamentally stupid and flawed, as they presuppose that the intended results will be procured BEFORE the lies have decayed and have been found out – a very risky assumption. In the present giga-deception, the deceivers have all been found out because we were on their tail at an early stage and continued walking in a straight line, while the deceivers, as usual, zig-zagged. They thought that multiple layers of deception could be relied upon to provide them with protection. They thought wrong.

BUSH SLOW-HAND-CLAPPED WHEN HE WALKED OUT AFTER AMERO REJECTION
At the G-20 event in Washington, President George W. Bush attempted, incredibly, to ‘sell’ the international community on the Bushite plan for the Amero, thereby providing the first reliable confirmation that this scheme to impose a common currency on the United States, Canada and Mexico to replace the US dollar, was among the tricks in the Bush Crime Family’s magic cabinet.
When the representatives of the international community indicated in no uncertain terms that this trick, which would of course improverish them further, and by massive proportions, would NOT be countenanced or tolerated (i.e., that the Amero would NOT be accepted by foreign central banks), President George W. Bush Jr., went into a sulk and walked out of the conference.

As he left the presence of the G-20 representatives, he was slow-handclapped out of the door. By this gesture, the international community FINALLY revealed what they think of this rogue, this mass murderer, this inveterate thief, this duplicitous little fellow, this self-serving de facto financial and economic terrorist who has degraded the United States, its currency and its reputation on a scale with no historical precedent – this would-be latter-day Herr Hitler who really had intended to stay in power, we now understand, following an atrocity that had been planned ahead of the 2008 election.

EDITOR ‘BLEW’ A PLOT TO STAGE A U.S. DOMESTIC ATROCITY
For we can now reveal that on 27th November 2008 we were advised that ‘a long time ago’ Bush 43 and Vice President Richard Cheney had resolved to have Mr Christopher Story removed from the scene or ‘taken down’ in some unspecified manner. When the Editor enquired why he had not been told this earlier, there was no answer. When the Editor asked why whatever they had had in mind had not been implemented while the Editor was in Washington and New York in October 2008, he was told that ‘you were protected by too many of The Queen’s people’ on the ground.

When the Editor enquired as to precisely what had caused the President and the Vice President of the United States to decree, so to speak, that the Editor should be ‘taken down’, he was told words to the effect that ‘you blew their plan to stage an atrocity as a pretext for imposing martial law and following through by cancelling the election and implementing a de facto dictatorship’.

This appears to have been a reference to allusions inter alia to prospective atrocities published in our report dated 25th October 2007, including the fears of a Twin Cities atrocity that may have been planned to coincide with the commencement of the Republican National Convention to be held on 1st September 2008, and to the matter of the missing nuclear weapon, which we did mention ONCE but only because the matter had already been extensively covered elsewhere: so that can hardly have been the key trigger that ‘blew’ the conspiracy. Revelation of the Twin Cities plot was a much more likely candidate. Note: We did, separately, report recently that Bush 41 was believed to have demanded that the Editor of this service be ‘removed from the equation’.

However the first that we and associates heard of any possible Bush-Cheney intention to interfere with the Editor and this service was in January/February 2008. The ‘shootings’ episodes at the turn of last year, which certainly involved deaths but possibly of at least one double, may have been a part of this operation, with the objective of discrediting the opponents of the financial criminality in high places. It is possible that this intention remained pending for eight months or so, until certain decisive steps were taken in Britain by the Editor of this service on behalf of his US associates in September 2008, which put an end to any such intentions. Certainly, the Editor was not interfered with when attending the IMF Spring Meetings in April 2008, and subsequently while residing in New York. Thus, such intentions appear to have been overruled, or overtaken by events.

POLITICIANS TRYING TO GET PAID BEFORE EVERYONE ELSE
With the roof collapsing on top of them as the full force of these exposures slaps them in the face, corrupt Washington politicians were reported to us on 2nd December to be scrambling to impose their will on those in charge of the Settlements payouts, holding out their filthy hands for money in the hope of having funds channelled to their ‘foundations’, in payment for ‘services rendered’, i.e. corruption, before any payments to Trustees and others were or could be made. However the real reason for this revolting spectacle is believed to be fear among these rats that they won’t be paid at all, if they aren’t paid first. Never in world history has such a despicable bunch of corrupt hacks behaved in such a primitive, unseemly way. They have no shame: they want ‘their’ money, so they can get out. And they want to get out because it’s terribly hot inside. But they want ‘their’ money.

Very late on 2nd December, the Editor was authoritatively informed that the ‘Big Boys’ were to be paid on 3rd December. The phrase ‘Big Boys’ in this context means the corrupt Washington, DC, politicians. When the Editor asked for an indication of their identities, names like Kennedy, Dodd, Bush Jr., Clinton and other well-known political crooks were mentioned. Christopher Dodd is the grandson of Stalin (Josef Djiugashvili-Kochba), in case you had forgotten.

• Has a more revolting spectacle than the thought of these pigs sticking their filthy snouts in the trough ahead of the rightful Trustees, ever disturbed your personal equilibrium?

VERY SERIOUS QUESTIONS THAT GEITHNER HAS TO ANSWER
In late November, it became known that Mr Obama had selected Timothy Geithner, currently President of the Federal Reserve Bank of New York, as his nominee for US Treasury Secretary.

It is known that this man is currently being ‘watched like a hawk’, given his association with Robert Rubin, the Clintons’ operative guarding their illicit interests at Citibank, in midtown Manhattan. As late as Friday 21st November 2008, Robert Rubin was reported to have interfered with Settlement payments. Obviously, even one of Bush Jr.’s pardoned turkeys would be an improvement over the serial financial criminal, Henry M. Paulson, or his double, whom Timothy Geithner will be replacing, provided the new Senate can approve his credentials. But is that possible?

For serious questions arise in connection with this selection, notably concerning Gaithner’s past exercise of his fiduciary responsibilities, his ethical record, and whether he, like so many of these people, has been, for instance, in breach of the Misprision of Felony Statute.

Since we are concerned about economic terrorism having been relentlessly waged against the United Kingdom, in particular, by the familiar bunch of US criminals in the highest places, these questions necessitate the closest possible consideration, which we believe may be being given to them by the empanelled judicial processes mentioned earlier.

It will be recalled in this context that following lodgement of the Petition for a Writ of Mandamus with the United States District Court for the Eastern District of Alexandria [Civil Action No: 1-07 CV 609 – TSE – BRP: see text published in our reports dated 24th June 2007 and 5th July 2007: Archive] demanding performance in respect of the missing $4.5 trillion that was sent over in good faith by the People’s Bank of China, the US Federal Reserve Bank of Richmond had responded that the Petitioner’s remedy lay within the jurisdiction of the United States Eastern District of New York.

• The relevant passage of the Petition for a Writ of Mandamus reads as follows:

“In May of 2006 the People’s Republic of China caused a free and unrestricted transfer of $4.5 Trillion United States Dollars through international bank fund transfer facilities to an account at Bank of America located at Richmond, Virginia. The designated beneficiary of the transferred funds from the People’s Republic of China was Petitioner herein. This transfer was made by the People’s Republic of China solely and exclusively as a requirement under the mentioned [Wanta] settlement agreement. Upon best information and belief between the dates of July 31st to August 2nd of 2006 the United States Department of the Treasury, without authorization of either the remitting party or the receiving party removed the People’s Republic of China transferred financial assets from Bank of America, Richmond, Virginia to an account in the name of Goldman Sachs at Citibank New York, New York as the beneficiary holder of the monies transferred by the People’s Republic of China referenced above.

This “Chip” (Clearing House Interbank Payment) transfer was facilitated from Virginia domiciled banks to New York domiciled banks via the Federal Reserve Bank Richmond. The Chip transfer did not remove the name of Petitioner as the intended recipient of the transferred money from the People’s Republic of China.

The transfer to the Goldman Sachs et al. account at Citibank put a lawless restriction that the funds were not to be released to Petitioner without the authorization of United States Treasury”.

This passage is also reproduced on page 57 of International Currency Review Volume 33, Numbers 3 & 4, the huge double issue mailed to the international financial community worldwide on 14th July 2008, under the heading: ‘DIVERSION OF WANTA-OWNED FUNDS REMITTED BY CHINESE’.

WHY RICHMOND FED SAID THAT REMEDY LIES WITHIN THE NEW YORK JURISDICTION
In our reported posted on 25th October 2007 [see Archive], under the heading ‘CONSPIRACY TO DEPRIVE WANTA OF COURT DOCUMENTS’, we published the full text of a last-minute Affidavit submitted to the Court by Attorney Steven Goodwin, whose Richmond office was the Registered Office of AmeriTrust Groupe, Inc, in which various convoluted reasoning was advanced to explain why the documents generated as a consequence of the Petition were never seen by the Petitioner.

• Our report of 25th October 2007 contained, however, a reference to a hearing that the Petitioner ostensibly, therefore, never knew about, dated 7th September 2007.

• The relevant language of our report referenced:

‘The Response filed by the Federal Reserve Bank of Richmond and heard by Judge Ellis… on 7th September, wherein the Richmond Fed suggested that the remedy… lies within the jurisdiction of the United States Eastern District Court of New York’.

THE REAL REASON OUR 4TH OCTOBER 2007 REPORT WAS ‘SNIPPED’
Our report dated 25th October 2007 then stated that our related report dated 4th October 2007 had been ‘snipped’, and at the time we thought over-hastily that this had probably occurred ‘because it characterises Citibank as a criminal enterprise’. We elaborated with words to the effect that it was quite stupid of Fort Meade to ‘snip’ this report, given that in so doing it appeared to confirm the accuracy of this statement. However, as has now become apparent, there were much more telling reasons why our report dated 4th October 2007 [see Archive] had been ‘snipped’. For that report also contained the following language:

‘Given that the Federal Reserve Bank of Richmond accepts ‘all well pleaded facts as true’, the Richmond Fed further reconfirmed, in the most authoritative manner possible, that the funds had been placed with an account in the name of Goldman Sachs at Citibank, New York… In its Brief in Support of its Motion to Dismiss, the US Federal Reserve Bank of Richmond elaborated that [the Petitioner] ‘has an adequate remedy under Article 4A (Funds Transfer) of the Uniform Commercial Code by demanding that Citibank release to him the funds held’ by that bank ‘for his benefit’’.

In other words, the relevant funds were held within the jurisdiction of the United States Court for the Eastern District of New York, namely the jurisdiction within which the Federal Reserve Bank of New York, of which Timothy Gaithner was President, resides.

PANTOMIME ANTICS AT THE ALEXANDRIA COURT HEARING
Now, at the hearing at the United States District Court for the Eastern District of Alexandria held on 19th October 2007 that your correspondent attended, Judge Ellis was not at all impressed with the behaviour of the Petitioner on the witness stand, so much so that the Judge more or less ignored everything said from the stand. At the time, the Editor thought this was very odd.

The reason for this behaviour, it has now transpired, is that another deal may have been done at some stage between the lodgement of the Petition in late June 2007 and the hearing on the 19th October, whereby the funds had been diverted to Athens, Greece. It was therefore ‘necessary’ to bring the Petition for a Writ of Mandamus proceedings to an indeteriminate conclusion, as it had ‘reached its sell-by date’.

• NOTE: However it is suggested elsewhere that the funds were alienated to Athens much earlier, in which case the matter of the way we were deceived is much more serious, as in that case we would have been deceived from the outset. Either way, the deceivers deserve no sympathy.

This explains why it then became necessary for the Petitioner ‘to part company with Christopher Story’ (as he put it to Michael C. Cottrell, M.S.), whom the Petitioner called ‘an honest journalist, which is very rare’ (in a telephone conversation during the first quarter of 2008).

In other words, the services of this ‘honest journalist’ were now an impediment to the Petitioner’s interests, since a possibly parallel deal (see below) may have been done with Cheney et al. behind the scenes while the legal process was continuing, and an ‘honest journalist’, Christopher Story, could not possibly be informed of this fact and would be liable to ‘get in the way’ now.

• This background also explains why the Petitioner angrily told the Editor in a fractured telephone conversation in March 2008 that ‘YOU HAVE DESTROYED EVERYTHING’.

• For ‘everything’ here, read the illegal diversion of the funds, inter alia to Athens (see below).

ROBERT RUBIN RAN THE MONEY – AND THE DIVERSIONS
This diversion had been orchestrated by the corrupt former President Clinton’s main mole inside Citibank/Citigroup, one Robert Rubin, the former US Treasury Secretary, who authored a prominent article published in the Wall Street Journal dated 29th November, the theme of which was ‘It’s not my fault’. [The Editor calls the habit that these people routinely adopt of protesting too much when cornered, ‘Blankfeinism’, after the display of supreme arrogance by Paulson’s successor as CEO at Goldman Sachs, Mr Blankfein, who boasted in the summer of 2007 about how well his institution had been doing, when of course it had been engaged in dodgy financial manipulations as exposed inter alia by this service].

Confirmation that the original $4.5 trillion funds were diverted by Robert Rubin from Citibank to an account or accounts located in Athens, and that the funds had been so diverted for perhaps two + years, was obtained by this service between 11.30pm and midnight on Wednesday 26th November 2008. For their part, certain Greek parties could not understand what on earth was going on, with some concluding that the Americans had gone completely mad. Whether the transactions were in any way facilitated by John Negroponte, of Greek Jewish extraction, and /or by Olga Sarantopoulos, is not known at this juncture.

It may also be recalled that in the late fall of 2007, the Treasurer of the United States, Ms. Anna Escobedo Cabral, held a meeting with Robert Rubin at Citibank, which she was reported to have left in a seriously discontented frame of mind. It was even rumoured that Ms. Cabral had indicated that she would not stand for this endless corruption any longer, would do her best to procure the Settlements, and would then resign. What the US Treasurer is believed to have found out during that meeting was that certain missing funds had been diverted to Athens.

Reverberations from this and related scandals were still roiling Citibank/Citigroup, one of the CIA’s favoured ‘helpful’ institutions, as late as mid-November 2008. On the 13th November, the institution issued the following brief statement:

‘The Board of Directors of Citigroup Inc. today reiterated its full support for the company’s chairman, Sir Win Bischoff, and said it looks forward to its continued leadership. This morning’s Wall Street Journal report to the contrary is completely erroneous’.

The ‘erroneous’ report had referenced allegations that senior Citigroup staff members had been unhappy with Sir Win’s oversight of Chief Executive Vikram Pandit and his management team, and had suggested that Dick Parsons, the bank’s senior independent director, was possibly being lined up to replace Sir Win Bischoff, who was parachuted into Citibank in part to serve inter alia as the guardian of The Queen’s loan funds with the bank.

But in translation, it can be seen that the pressure on Robert Rubin will have been intense, and that a belated rearguard action may have been mounted to ‘rid the bank’ of HM The Queen’s de facto representative and of the influence of MI6 in procuring the necessary overdue resolution of the Settlements dimension of this vast crisis, without collapsing Citibank and causing thereby a worldwide depression (the ‘ace’ that Robert Rubin has of course been cynically playing). On 21st November, Rubin was STILL reported, as noted, to have tried hard to block the Settlements.

GEITHNER MUST DIVULGE WHAT HE KNEW ABOUT THESE DIVERSIONS
The problem facing Timothy Geithner is that, as President of the Federal Reserve Bank of New York, he will need to explain to a Senate hearing that is doing its job properly, and almost certainly to the empanelled ‘judicial processes’, exactly what was his involvement in these various criminal diversions of other people’s money. He will also need to answer questions about how it came to pass that profits illegally derived from the stealing of Her Majesty The Queen’s gold on 29th-30th March 2007 came to be deposited inter alia in secret ‘offshore’, off-balance sheet accounts held at Citibank for Bush Sr. (41), Bush Jr. (43), William Jefferson Clinton (42), Mrs Hillary Clinton, Henry M. Paulson, Vice President Richard B. Cheney, Robert Rubin, Dr Alan Greenspan, Dr Ben Bernanke, and other high-level crooks as beneficiaries. This information came from top US military sources.

•YES, the top criminalists MADE MONEY OUT OF THE STEALING OF THE QUEEN’S GOLD and placed their portions of the proceeds in their illegal, untaxed, off-balance sheet hidden accounts with the CIA’s primary money-laundering criminal enterprise, Citibank. WHICH IS TO SAY, that the Bushes, Clintons, Cheney, Paulson et al. were ALL engaged in FINANCING TERRORISM and in ECONOMIC TERRORISM against Her Majesty the Queen and the British State and people.

• In other words, these top criminals, who rant and rave about global terrorism, are themselves veteran terrorists, engaged in the financing of terrorism by their own definitions, illustrating once again the double-mindedness of these snakes. AND, TO COIN A PHRASE, IT GETS MUCH WORSE:

PROVOST MARSHAL BARRED FROM ENTERING SECRET ROOM INSIDE MORGAN STANLEY
In October 2007, the Provost Marshal of the day, with appropriate back-up, visited the offices of Morgan Stanley in New York City. We alluded to the activities of the Provost Marshal extensively in our reports dated between 4th October 2007 and 11th November 2007 [see Archive]. The Provost Marshal at that time was under the control of (criminal) Vice President Richard B. Cheney.

Our impeccable sources were unable to inform the Editor, but are now able to inform us, that:

• The Provost Marshal and his team attempted to obtain entry to a locked room inside the Morgan Stanley building. They were specifically barred from entering this room, by Morgan Stanley staff, who stood outside the doors and prevented them from entering.

• The purpose of the Provost Marshal’s demand for entry to this room was to obtain back-up evidence that Morgan Stanley, the CEO of which remains John Mack, was engaged in financing terrorism operations in general, and Al-Qaeda in particular, from this room.

• How did the Provost Marshal know this? Because following the arrests bankers in Europe which we also reported during that period, investigators had obtained tear-sheets PROVING that such terrorism financing operations were being run out of this room at Morgan Stanley. Specifically, the tear-sheets carried the finger-prints of the following criminal operatives holding the highest US offices: George H. W. Bush Sr., Vice President Richard B. Cheney, Henry M. Paulson Jr., Dr. Alan Greenspan, William Jefferson Clinton, and Mrs Hillary Clinton (these being the names confirmed to us, but of course there were others, too). The tear-sheets referenced key secret bank accounts, access to which was blocked off and which the Provost Marshal, controlled by Cheney at the time, was unable to inspect. At the time, our sources were ordered NOT to convey this information to us.

SECRET ROOM FROM WHICH AL-QAEDA AND OTHER TERRORIST OPERATIONS WERE FUNDED
We are told that this room housed contracts and other documents relating to the use of funds in the secret bank accounts referenced immediately above.

The operations directed from this secret Morgan Stanley room or office suite were concerned SPECIFICALLY with the terrorist-financing of Al-Qaeda and other international terrorism operations, according to our sources. This means that, as stated above, ALL those named by military sources as beneficiaries of the secret ‘offshore’ accounts, headed by Mr Paulson as US Treasury Secretary, were engaged in the diversion of illicit funds for the purposes of financing terrorism and Al-Qaeda, which the United States and Britain routinely blame for the terrorist abominations that are being financed through these operations run out of the secret office inside Morgan Stanley.

• Thus it is finally determined that the world’s most dangerous revolutionary pariah state is indeed the United States, with the United Kingdom, in a disreputable and reprobate breach with what Great Britain is supposed to stand for, aiding and abetting these hideous, murderous abominations.

• No wonder Blair’s ‘confession’ is reported to be causing these odious criminals nightmares.

Therefore, the Directors of Morgan Stanley and of Citibank stand accused of being engaged in the FINANCING OF TERRORISM, along with Messrs Bush Sr., Bush Jr., the former President Clinton, Mrs Hillary Clinton (who may soon be pontificating all over the world’s stage excoriating Al-Qaeda and even banging on about Osama Bin Laden (the CIA’s ‘Tim Osman’) whom these fools have to keep alive in order to sustain their strategic deception, even though he died on 26th December 2001), Vice President Richard B. Cheney, the former and current Chairmen of the Federal Reserve Board, Drs. Greenspan and Bernanke, Robert Rubin and other co-conspirators in this BIGGEST FINANCIAL CORRUPTION, TERRORISM AND POLITICAL SCANDAL IN WORLD HISTORY.

CHENEY RAN THE MEDIA, RUBIN RAN THE MONEY
In the above context, it was reconfirmed with the same batch of intelligence that Vice President Cheney had been ‘running the media’ while Robert Rubin had been ‘running the money’ – all of which had been going on while we were steadily chipping away at the endless deceptions, lies, diversionary tactics and obfuscations with our ‘Wantagate’ reports, and thereafter.

The Sunday Times, London, of 30th November 2008, carried an extensive article which accurately confirmed that President-Elect Obama had been obliged to seize the initiative so as to fill the de facto vacuum at the top in the United States, given that every strand of US policy has long been atrophied by the corrupt behaviour of the holders of the highest offices, who have done hardly anything since mid-2006 except manipulate the illicit movement of funds so as to extract as much money for lining their own pockets as possible, and to satisfy and make whole the furious demands and elevated expectations of heinous, ruthless ‘Black Ops’ interests and of innumerable corrupt constituencies who have been double-crossed by the ‘Box Gang’ (the Bush-Clinton Crime Nexus).

OBAMA OSTENSIBLY INSISTING ON FINAL SETTLEMENT IN FULL
On Monday 24th November 2008, the President-Elect signed papers requiring the Settlements to be implemented. In the batch of information received late on 26th November, it was confirmed that Mr Obama has been insisting on settlement, a fact that had been confirmed to us earlier in an email dated 13th November 2008 (received at 01:47am) from a Trustee to the effect that that ‘Obama has said we must be paid immediately’.

The sources stated, and it was later confirmed, that Mr Obama has been absolutely appalled at what he had found out following his election victory and that his shock has been all the greater because he had realised that Vice President-Elect Biden had known all about this open-ended criminality.

The Editor speculates that it has been the shock of these discoveries of this wall-to-wall deception, corruption and blatant criminality, that accounts for Obama’s compulsion (given the unprecedented and extraordinary circumstances of this crisis) to ‘act presidentially’.

Americans use this phrase rather loosely and perhaps a trifle cynically. But here, the gravity of the chaos and the corruption is so extreme that the incoming President was immediately left with no option but to respond in a responsible and vigorous manner. Which he did.

It is also true, of course, that in presiding over the Settlements and procuring the implementation of the G-7-Approved Refinancing Programme, the President-Elect will ensure that the disaster that otherwise awaits his Presidency will in fact be transformed over time into a triumphant success.

This is NOT play-acting: it implies confirmation of strength of character, determination, an iron will and of a man who, whatever faults he like everyone else may possess, has immediately risen to the immense challenges that he ‘unexpectedly’ faces given the circumstances and the derailing of the various schemes and plots to have him removed from the scene. After the Bush Jr. White House had tried to bribe him, Mr Obama must have entertained no remaining doubts about the extreme gravity of the Republic’s crisis, and must have been reinforced in his belief in his mission to help the United States climb out of the worst outbreak of financial iniquity the Republic has ever faced.

On Saturday 22nd November 2008, a week after the G-20 meeting and after George Bush Jr. had finally ceased his resistance (so it was being said, not that Mr Bush had any power to resist left), the ‘country payees’ received what was grossly overdue to them in cash. We realise that there have been earlier occasions when ‘the countries’ were reported to have been paid (which have turned out to be occasions when their dollar funds were on-screen but not accessed): but the point here is that this information concerning ‘wholesale’ payments was received over the weekend of 22nd-23rd November, and ‘confirmed’ by separate sources on 1st December 2008.

For the countries to have been paid, a key Tier Two US Trustee must have needed to deploy his instruments, which were integral to the countries being paid. This information was accompanied by indications that US Treasury securities had been issued for the Settlement throughout the week following the G-20 meeting, with Tier Three payees therefore likely to be paid with Treasuries.

A caveat applies to all such information, however, namely that, given ‘banking secrecy’, none of this can be verified, even though some such information is ‘confirmed’: it is all, by definition, based on hearsay – which is why we have usually avoided referencing such ‘intelligence’. But at this late stage, some indication of what is supposed to have been happening, is necessary. A key Trustee payable with the countries, should have been paid, at the latest, on or by Sunday 30th November.

OBAMA ‘WORKING IN ‘LOCK-STEP’ WITH SARKOZY AND MI6’
Mr Obama’s ‘presidential’ behaviour has been buttressed by the fact that President Sarkozy of France, who is also President of the European Union until 31st December this year, and Britain’s MI6 (elements truly serving HM The Queen) are working in lock-step with the President-Elect to procure finalisation of the Settlements, not least in conformity with the instructions and deadline imposed upon the French President requiring him to fulfil his new ‘mandate to pay’ obtained when President Bush Jr. finally ceded what he thought was still his authority in the matter, as previously described by this service.

Unfortunately, both the President-Elect and President Sarkozy encountered further resistance – not from Chancellor Merkel – who as we reported in October, had been on Mr Bush Sr.’s corrupt payroll for four years in exchange for ‘looking after’ Bush-linked funds that we now know were flowing to and from Deutsche Bank and the Vatican Bank (controlled by Merkel’s agent there, Dr Hans Tietmeyer) via the de facto clearing house in London, Coutts Bank – but from the current British Prime Minister, GORDON BROWN.

GORDON BROWN CONFIRMED AS IMPEDING THE SETTLEMENTS
PRESIDENT-ELECT BARACK OMABA THREATENS BROWN WITH ARREST
The batch of intelligence obtained by this service between 11.30pm and midnight UK time on that Wednesday 26th November, all of which was confirmed to be 100% accurate (with the exception of an allegation that active Gold Badges had been instructed to ‘take Story down’, an instruction that is now believed to be redundant anyway), contained the following:

• Gordon Brown had lately been impeding finalisation of the Settlements: in other words there has been no discontinuity between Blair and Brown in respect of the sabotage; and:

• President-Elect Obama sent an agent over to London to speak directly to the Prime Minister with the following stark message: If you interfere any further with the Settlements payouts, YOU WILL BE ARRESTED. In this connection, Barack Obama will have issued this warning with the full authority of Sarkozy, equipped with his said ‘mandate to pay’, backed by the ‘right’ MI6 elements.

When we obtained confirmation of this intelligence, we were advised that ‘relevant parties’ had become aware that someone at very high level in London must have been ‘standing in the way’, given that almost all other known blockages had been removed, with many arrests having taken place across Europe during November, as in the preceding several months.

On 24th November, we had another episode of the ‘waiting for bank answerbacks’ syndrome, it being confirmed later that one bank had failed to provide the necessary answerback, as a direct consequence of which the banker in question had been arrested. There is a suspicion that this sabotage occurred in London and may have been directly connected to the fact that Mr Brown was found to have been impeding the Settlements.

• NOTE: It remains possible that what has been happening is an expanded version of the ‘pass the parcel’ technique whereby the scene constantly shifts between the players, with the spotlight then directed from one to the next one, while the action has already moved to the subsequent crook: a more extensive game than was being played by the highest-level criminalists in 2007 and earlier in 2008, when ‘A’ ‘washes his hands’ of the matter and then points to ‘B’, who has carefully developed his alibi while the action is being corruptly handled by ‘C’, as the spotlight lingers on ‘B’. That model was seen in the US context: perhaps it is now being applied internationally, with the overall aim of sabotaging performance.

• Last week it was Sarkozy. This week it’s Brown. Next week, its Bush again.
After all, these rats, as previously advised, are all out of the same sewer.

• In any given sewer, each rat is different, yet every rat is the same colour. All of them stink.

SUDDEN REHABILITATION OF MANDELSON ‘EXPLAINED’
We are led to believe that the discovery, at this latest of all stages, that Gordon Brown had been impeding the Settlements, has placed this Prime Minister in the same position as his predecessor during his final months in office, when he was under extreme pressure from sources in authority to step down from Downing Street. Given this state of affairs, some new light is hereby thrown on the sudden reappearance of two sinister characters at the centre of the Government in Whitehall and Downing Street. We refer to:

• Peter [now Lord] Mandelson, who was suddenly pulled out of Brussels, where he had been serving as European Trade Commissioner, and has surfaced as Business Secretary at the very centre of the Government, with at times nowadays a higher profile than the Prime Minister.

Mandelson is believed to be a direct Rothschild agent and operates with a brief that will ‘go nowhere’ (see below), to push the Brown Government into ditching the pound in favour of the Euro, a line now openly supported by the compromised President of the European Commission, José Manuel Barroso. Given that the Prime Minister, Gordon Brown, has recently been ‘fingered’ obstructing the Settlements, he may now see capitulation on this central issue as his own route to salvation and as a means of wreaking revenge on The Queen. More generally, as this grandfather of all financial corruption crises unravels, powerful interests are finding their positions threatened, oligarchs are being cut down to size or wiped out, and the furniture is being thrown all around the room, much of it broken into smaller pieces or even ground to dust.

• Alistair Campbell, Tony Blair’s notorious former ‘press agent’, a.k.a. chief intelligence handler, who has suddenly reappeared in Number 10 Downing Street, we understand.

It is possible that the reappearance of these people may have had something to do with Gordon Brown’s irregular behaviour, which we first identified in the following paragraph published in the report dated 18th June 2008:

WHY DID BROWN FLY TO NORTHERN IRELAND HAVING EARLIER
SAID GOODBYE TO THE BUSHES ON THE STEPS OF DOWNING STREET?
We will now pose the following question. WHY was it ‘necessary’ for Brown, who had seen George Bush in the morning of Monday 16th June, to rush up to Northern Ireland so as to be in a position to be standing on the tarmac at Belfast airport, to ‘greet’ the President and Laura when they arrived in Northern Ireland? After all, he had just said goodbye to President Bush. Perish the thought that the purpose of his presence there might have been to open bank accounts. Perish the thought.

• REMARKABLE FACT: The Editor was subsequently informed that this observation alerted the relevant US and British authorities to the fact that Bush flew to Northern Ireland precisely to open bank accounts and that Brown was associated with this activity. Many weeks later the Editor was told that Brown had subsequently been ‘educated’.

… However it now appears, given the intelligence received and confirmed on 26th November 2008, that Brown did not learn his lessons well, i.e., the fool paid no attention (3).

We believe, therefore, that Gordon Brown is now de facto a ‘lame duck’ – a NEW fact which, very surprisingly, seems already to have been sensed by certain ‘mainstream’ outlets, given one or two sudden reversals performed by journalists in respect of their assessments of Mr Brown’s political position. For, all of a sudden, after the Prime Minister had been at the receiving end of a peculiar avalanche of domestic and international praise for his ‘robust’ response to the crisis (which he and his predecessor helped to generate), we read that his standing has declined sharply as economic and financial conditions have deteriorated ever more steeply during the past couple of weeks.

[Note: In an obvious attempt to reverse the impression created by earlier opinion polls, a new poll published in The Daily Telegraph on Tuesday 2nd December suggested that the Conservatives’ poll lead over the Labour Government had collapsed to just 1%. It should be recalled that these opinion polls are actually a device to enable the ‘controllers’ to see which way the wind is blowing, but that they are also used to confuse the people, to sway the thinking of gullible journalists, and to trim the perceptions of targeted constituencies, in order to fine-tune (in this case) an evolving and highly charged political situation, in which many senior figures’ careers may be on the line].

BROWN IMPEDING, MANDELSON SUPPOSEDLY ALLEVIATING
The situation described above is even more convoluted when one considers the contrasting overt behaviour of the Prime Minister and of Lord Mandelson, the Rothschild agent he has hauled back from Brussels and installed in the Cabinet at the centre of Government as Business Secretary.

On the one hand (see above), Gordon Brown is found to have been impeding the outstanding settlements payouts – even though we have been advised that, as of 22nd November, President Bush Jr. had finally ‘agreed’ to the releases, notwithstanding that he had weeks earlier provided President Sarkozy with an irrevocable ‘mandate to pay’ – while on the other hand Mr Brown’s newly appointed Business Secretary has been issuing rapid-fire edicts and statements purporting to signal the British Government’s ‘commitment’ to the struggling industrial and business sectors.

But on closer inspection it would appear that Lord Mandelson’s stance is curiously ambivalent. For instance, he told The Sunday Telegraph (30th November 2008) that he had submitted a preliminary paper to the Labour Party’s National Economic Council in late November which he explained as follows: ‘I made the point that there has to be a screening process to distinguish between those [industries] which are viable and those which are not. But we also need to take account of our own resources and European state aid rules’.

So, leaving aside the fact that President-Elect Obama had to take the extraordinary step of sending an emissary to Number 10 Downing Street to inform the Prime Minister directly that if he continued to block the settlements, WHICH ARE THE SOLUTION TO LORD MANDELSON’S PROBLEMS over the medium term as the G-7 Approved Refinancing Programme will generate the necessary flow of on-the-books liquidity to refinance the US and European banks on the books, the overt position at the very end of November 2008 was that (a) the Prime Minister had been SABOTAGING the ONLY available solution, while (b) his former enemy, Peter Mandelson, who must surely be aware of this, was busily setting limits and citing obstacles to the provision of state assistance to Britain’s rapidly crumbling business and industrial sectors. At the very least, this does suggest a truly constipated, dislocated directorate at the centre of British governance which needs to be swept away if the country is not indeed to sink into a depression which could make 1929 look like a seaside holiday.

ECONOMIC TERRORISTS IN DOWNING STREET?
But at worst, the two most powerful figures in the British Government, Gordon Brown and Lord Mandelson, had themselves been exacerbating Britain’s problems by blocking (at least until late November) the Settlements payouts, thereby assisting the interests of the Bush-Clinton Crime Syndicate and the Octopus, which in turn implies that both these characters may themselves be engaged in perpetrating economic terrorism against the Monarch, the United Kingdom and its people, and should therefore be arrested under the European anti-terrorism laws adopted by the Westminster Parliament: which, presumably, is what President-Elect Barack Obama had in mind when, with the support of President Sarkozy and MI6, he had to despatch a special emissary to inform Mr Brown that he would be arrested if he continued to block the Settlements.

There may indeed, therefore, be the soundest reasons for believing that the very sudden transfer of Mandelson (previously a sworn enemy of Mr Brown, and a man who is known to have excoriated Brown in the past, behind his back, in the most bitter terms), to the very epicentre of the Brown Labour Government, appears to represent a defiant and desperate move by the Prime Minister to wrap ‘European’ protection around himself while at the same time appearing to be ‘getting back at’ The Queen, and effectively ‘changing sides’ – a stance apparently reinforced by the sudden reappearance of Blair’s former ‘handler’, Alistair Campbell, in Downing Street.

• If so, Gordon Brown may have been sharply disabused of this thinking or strategy, as on 2nd December The Financial Times reported that the Prime Minister had ‘quashed’ Barroso’s claim that the economic crisis was driving Britain to abandon sterling and ‘find refuge with’ the Euro. Mr Brown’s spokesman (INTERESTINGLY, he was not named, which is VERY UNUSUAL, implying that this was a PLANTED article) was said to have ‘been forced by Barroso’s remarks’ to state that there are ‘no plans’ for Britain to join the European Collective Currency.

• ‘Changing sides’ among the operatives on the stage is all the rage during this ‘discontinuity’ period, when the correlation of forces is being shaken from top to bottom. It may explain, for instance, the appearance of Mrs Clinton as prospective Secretary of State under Barack Obama. More significantly, however, the trade-off here incorporates the following equation: Mrs Clinton may believe she is ‘safe’ from the consequences of her crimes if confirmed by the Senate, while in exchange Mr Obama will know that SHE knows she cannot step out of line, or she will be ‘chopped’ by the President-Elect, whereupon she will immediately be vulnerable to arrest and its aftermath.

Operative Campbell ostensibly serves John Scarlett of MI6, whose notorious orientation towards the European Union Collective (the long-range Abwehr/DVD anti-nation state strategic entrapment instrument) is well known. MI6 appears to be split, as would be expected, along similar fault lines as the criminal enterprise known as the CIA – between the pro-pan-German faction, and those who still try, against immense odds, but do quite well in the grim circumstances, loyally to serve their home countries and their Heads of State.

If the foregoing analysis is reasonably accurate, any such plot to leverage the present situation to yank Britain out of sterling and into the Euro will fail.

The reason is that Britain can never abandon the pound, which was one of the world currencies designated at Bretton Woods to operate in parallel with the US dollar. The international trading system cannot allow the pound to cease to exist because it is a mainstay with the dollar, and now China, of the international trading system. For international trading arrangements to function, there must be at least two world currencies in the mix, to allow offsetting to take place. The Euro cannot be used as a mainstay currency for this purpose as it is a wholly artificial currency that is supported by both nothing and no government. The yen can be used for offsetting purposes, but it was not a currency that was available when the Bretton Woods system was established as Japan was an Axis country and its currency was of course anathema.

Hence, all talk of Britain joining the Euro – which it is now quite possible Brown may have suddenly sought to embrace behind the scenes, given the pressure he is under following his treachery with Bush last June and his blocking of the Settlements – is eyewash.

For EC President Barroso to wade in with verbal pressure designed to take advantage of Brown’s predicament, smells of a hopeless rearguard response. That leaves the question: who, then, will take over if Brown has to go? And the answer, on this analysis, would be Mandelson – if that had not been precluded (unless he renounces his new peerage) by the fact that he is in the House of Lords. Mandelson may well be operating in conjunction with Messrs Barroso and Rothschild to try to ‘bounce’ Britain into the Euro, but this endeavour, like Brown’s premiership, is doomed.

All of which illuminates what Brown was REALLY up to when he bounded around the world stage and received a substantial, but very fragile, uplift in the British domestic public opinion polls (the mechanism used by the ‘controllers’ to gauge the way the wind is blowing), as the gale-force winds of this crisis assumed hurricane proportions.

He was promoting A NEW BRETTON WOODS, so that the unique position of the pound sterling laid down in the Bretton Woods agreement could then be scrapped, the continued existence of the old Bretton Woods Agreement being an irremovable impediment to the DVD’s project for scrapping the pound. Now that this little ruse has been exposed, and you are for the high-jump, Mr Brown, your clumsy behaviour in seeking to have the existing Bretton Woods Agreement swept away, is DEAD IN THE WATER, mate. You were trying to be ‘too clever by half’, and you messed up BIG TIME.

SIGNS OF THE DISTRIBUTION SYSTEM CRACKING UP
Turning to the concomitant collapse of the economy, quite apart from the daily headline news about well-known high street and corporate names in severe financial trouble, there are ominous signs that the real economy’s distribution system is on the verge of breaking down.

• According to experts on classical Rome, the primary factor, aside from decadence, that brought Rome to its knees – leaving vast tracts of the city itself abandoned and deserted for a millennium and more – was the disintegration of the distribution system.

The Romans had perfected certain mass production techniques for goods in widespread demand, such as vessels for the transportation of wine, roof tiles, domestic housewares, shoes and other products, which depended upon an efficient system of distribution to reach their markets.

Archaeologists have long since taken note of the sharp deterioration in the quality of, say, roof tiles that took place somewhat abruptly in the fourth century or earlier. The main reason for this rapid deterioration is believed to be that the distribution system collapsed, which in turn brought the mass production operations to a halt.

• People in need of roofing tiles were therefore reduced either to stealing them from abandoned buildings, turning to local sources of manufacture, or making the artefacts themselves.

On 18th November, Atradius, the United Kingdom’s largest credit insurer, confirmed that it was clawing back the insurance offered to suppliers to at least 12,000 British businesses. The insurer provides cover against non-payment of bills for goods supplied on credit.

The Financial Times reported on 19th November that one broker had said that the withdrawal by the Atradius corporation was ‘unprecedented in my life’, adding that up to 20,000 British corporations may have been affected over the preceding two weeks alone. Another broker asserted that the UK construction, retail and leisure sectors had been affected and that the Government might soon have to provide credit or insurance to struggling suppliers.

Smaller suppliers typically, and usually with good reason, do not trust larger corporations, which place orders for goods to be supplied on credit, to meet their obligations, on time or at all. So to mitigate the risk of the corporate purchaser not paying its bills, the supplier can take out credit insurance: indeed without such cover, the supplier is less likely to provide the goods needed by the larger corporation – creating a dangerous situation that can cause the collapse of the larger corporations themselves. In other words, the supply chain and distribution systems are creaking and showing early signs of a potential to seize up. On 29th November, the insurance group Amlin, which is estimated to own about 4% of the UK credit insurance market, was reported likewise to be pulling out of the credit insurance market, having reportedly decided not to write any new policies for businesses supplying goods to other businesses on credit.

These insurance firms are clearly anticipating increased losses from payouts. Atradius is said to be aiming to reduce its overall exposure to risk in the United Kingdom by about 7%, compared with a projected 5% reduction of its exposures to the business credit market in the rest of the world. However should the gradient of the economic downturn continue to steepen at its present rate, pointing straight into a depression, thanks to the ongoing criminal sabotage, we would expect such credit risk exposures to be cut back much more sharply after the turn of the year.

• The above observations were prepared on 30th November. On 2nd December, Alan Duncan, the Shadow Business Secretary (‘Conservative’ Party), authored an article in The Financial Times in which, in true socialist fashion, he called for the state to underwrite ‘vital insurance cover to stop the credit crunch [sic] precipitating the collapse of supply chains’.

BRITAIN AND AMERICA ON THE BRINK OF A DEPRESSION
Which brings us to a pressingly critical point. Thanks to the criminal activities of the holders of the highest offices in the United States, Britain and Germany, to name the very worst offenders, both the United States and Britain are now hovering on the brink of a real DEPRESSION, with General Motors effectively bankrupt in the United States and numerous corporations and well-known names such as Woolworths in the United Kingdom going to the wall in a frenetic cascade that is being accompanied by steepening declines in consumer confidence and purchases in recent weeks.

Paul Volcker, who will certainly serve as Mr Obama’s most prestigious economic adviser beyond the special rôle that he has accepted, told a conference convened by Lombard Street Research in London on 17th November that the economic slump has begun to spread after a shocking collapse in output over the two months to mid-November, threatening to overwhelm the incoming Obama Administration as it struggles to restore confidence.

‘What this crisis reveals’, Mr Volcker said, ‘is a broken financial system like no other in my lifetime. Normal monetary policy is not able to get money flowing. The trouble is that, even with all this [government] protection [sic], the market is not moving again’.

In an appropriate oblique criticism of his successor as Chairman of the Federal Reserve Board, the criminal operative, arrested in June 2007, Dr Alan Greenspan, Mr Volcker elaborated that ‘there has been leveraging in the economy beyond imagination, and nobody [at the time] was saying we need to do something’. Mr Volcker also blamed what he called ‘the new means of credit alchemy that led bankers to slice and dice mortgage debt into packages that disguised risk’.

THE DERIVATIVES CRISIS = THE FRAUDULENT FINANCE CRISIS
Actually, none of the ‘downstream’ slicers and dicers, including Fannie Mae and Freddie Mac, had or have any recourse to the sole source of funds, namely the mortgager. The ONLY party with true recourse is the original mortgage bank.

Therefore, ALL ‘downstream’, repackaged, collectivised, securitised so-called derivative ‘assets’ are fraudulent and are worth zero, a fact of life recognised by the regional Federal Reserve Banks, we understand, and which is a source of tension between them and the Federal Reserve Board and the Federal Reserve Bank of New York.

In our forthcoming paper on this subject, we will provide further proof that the derivatives are all worth zero, which is the CENTRAL ISSUE. The only authoritative (that is, internationally approved) derivatives aggregate data are the numbers published by the Bank for International Settlements, reproduced and elaborated by the International Monetary Fund, for instance in its October 2008 Global Financial Stability Report subtitled ‘Financial Stress and Deleveraging: Macrofinancial Implications and Policy’, made available in the Press Room at the IMF/World Bank Group Annual meetings held in October in Washington DC.

Both sources adjust the data, on an estimated basis, for double-counting (2). According to these sources, the notional value of outstanding adjusted global over-the-counter derivatives contracts had expanded from $257,894 billion at the end of 2004, to $596,004 billion by the end of December 2007. The most recent figure cited (applicable to around mid-October 2008) was $667 trillion.

But the underlying gross market values of these outstanding contracts rose from just $9,377 billion at the end of December 2004, to $14,522 billion by the end of 2007.

Thus, whereas the gross market values of outstanding contracts were ‘worth’ 3.6% of their notional values at the end of 2004, the equivalent proportion three years later was 2.4%.

But such assessments are in fact meaningless because, as noted above, these exotic ‘derived’ instruments are, by definition, marketed WITHOUT RECOURSE to the underlying source of real funds, which means that the derived ‘assets’ are fundamentally fraudulent.

If the morgager does default, the only party that can ever know about the default is the original mortgage bank. The ‘downstream’ parties never get to know about it, and AREN’T INTERESTED.

It used to be the case that maximum derivatives leveraging possible in the United Kingdom was 10:1. Earlier this year, leveraging operations of 30:1 were being reported from London, and the large US financial criminal enterprises are believed until recently, at least, to have favoured mad leveraging ratios as extended as 40:1.

This would theoretically enable Citibank, for instance, to convert $306 billion in quick succession to $12,240 billion. However all such proceeds would have to be stashed away off-balance sheet, are adjudged now to be dubious, and cannot be surreptitiously transferred onto the balance sheet, under the Basel-II settlement, given the necessity for the disclosure of source of funds – and the crucial, little-mentioned, factor that auditors’ fears of being sued for misrepresentation, and more generally for their own survival given what has happened to some of their peers, mean that they are no longer susceptible to condoning ‘smoke and mirrors’ treatments of clients’ accounts.

BUSH PEOPLE STILL PUSHING FRAUDULENT FINANCE TRADES
In the face of the reality that the perpetrators of these fraudulent finance operations have been found out, it is STILL the case that Bush Sr. and his few remaining cronies have been continuing, or attempting to persist with, ‘business as usual’, looking for counterparties for exotic trades.

Most such prospective parties have long since realised that Bush-linked associates are criminal operatives: so, as indicated, searching for counterparties, even in Dubai which is now in financial trouble, has been proving a problem. The fact that these people are STILL persisting with this behaviour shows how brainlessly bovine and set in their criminal ways they remain.

One of the lessons that astute counterparties around the world will or ought to have learned by now is that the Bush-linked criminal Octopus, being by far the most ruthless and reckless cabal of criminal financial operatives in human history, ALWAYS, ALWAYS, turns on their collaborators on the basis of the standard, crude ‘bait and switch’ double-cross technique that they were taught at intelligence school. That was what happened, of course, with Iraq.

But although we have publicised the fact that one purpose of the invasion of Iraq was to ransack the Central Bank of Iraq, steal its gold, currency and other assets and acquire control over Rafidain Bank and thus over its sub-accounts in London, believed to hold fiat assets worth an estimated $100 trillion, the deeper reason for the second invasion has not hitherto been divulged.

THE U.S. TREASURY PLATES SHIPPED TO THE USSR IN 1944
Some time in 1944, a US aircraft supposedly (but see below) crashed in Siberia. A certain Soviet KGB officer operating in the United States, one Colonel Kotikov, referred to this aircraft within the hearing of at least one US military officer, as ‘the money plane’. When questioned by the US officer as to the meaning of the phrase ‘the money plane’, Colonel Kotikov explained that the US Treasury was shipping engraved printing plates and related banknote printing materials to the Soviets so that they could start to print the same ‘occupation money’ for distribution in occupied Germany as the United States was printing for the same purpose.

As a Master Printer (because we own a small printing works), the Editor of this service knows only too well that there is ONE cast-iron rule in the printing trade: NEVER release the printing plates.

They are ‘tools of the trade’ and represent components that have to be manufactured in order to print the copies, which is what the customer buys. The customer does not purchase the tools from which the copies were manufactured: just the copies. What the US Treasury SHOULD have done was to print German occupation money for the Soviets, and ship them the currency itself.

• Unless, that is, this was a component of a deep-cover US economic warfare operation.

But unbelievably, the US Treasury shipped not only the engraved printing plates, but also coloured inks, varnish, tint blocks, sample paper and other components, in two shipments conveyed to the USSR via five C-47s. The shipments were arranged at the highest level in Washington, DC, with the planes loaded up at National Airport.

The Soviets then proceeded to print the new marks that their part of occupied Germany needed, which the United States redeemed, with no accountability whatsoever, to the gross amount of $250 million, a colossal sum in those days.

The Soviet official who had repeatedly agitated for the US authorities to send Treasury printing plates to Moscow, was Andrei Gromyko (Katz), who was then Soviet Ambassador to Washington. If Washington had meant to wage economic warfare (possibly by supplying the Soviets with slightly doctored printing plates so that Soviet print runs could be distinguished from the equivalent mark notes printed by or for the US Military Administration), this operation appears to have backfired.

Soviet Military Intelligence (GRU) maintained unhealthily close links at the very heart of the US Government of the day, via Alger Hiss and Harry Dexter White. A published US Department of State Memorandum dated 14th April 1944 of a telephone conversation between Henry Morgenthau, the US Treasury Secretary and a Mr James Clement Dunn, of the State Department, entitled ‘Duplicate plates to be furnished to the Soviet Union’ indicated that the five C-47s finally left National Airport on 24th May 1944. Mr Gromyko even demanded a replacement consignment, after one of the planes had crashed (see above); and the US authorities never queried his ‘information’, sending a plane with a ‘replacement’ consignment of printing plates and materials to the USSR on 7th June 1944.

In this episode, Gromyko had insisted on obtaining US Treasury printing plates so that the Soviets could print German occupation currency without accountability, because the Soviets knew that the US Army would convert such currency into US dollars (whereas the Russians, of course, refused to redeem the same currency with roubles).

As a consequence, every Russian mark that fell into the hands of an American soldier or accredited civilian became a potential charge against the Treasury of the United States. Using the materials provided by Washington, the Russians confiscated an erstwhile Nazi printing plant in Leipzig, deep inside the Russian Zone and therefore at a safe distance from American inspection, and started up the machinery. By December 1946, the US Military Government had found that it had redeemed US dollars to the value of at least 2,500,000,000 marks in excess of the total value of occupation marks issued by its Finance Office. Oh, and the Soviets never paid an invoice for $18,102.84 rendered by the US Treasury to cover the cost of the engraving plates and the materials delivered in 1944.

PRECEDENT SET FOR U.S. PLATES DELIVERED BY BUSH TO SADDAM
Why have we apparently diverged with this historical account of how the Soviets bilked the United States for $250 million in 1944-46? Because a similar operation was apparently perpetrated in Iraq. Only this time round, engraved printing plates were reportedly made available to Saddam Hussein by George H. W. Bush Sr., the arrogant, criminal representative of the DVD who thought he was so powerful that, as late as around 2004, he could even tell members of the Joint Chiefs of Staff to ‘go take a flying [expletive deleted] at the moon’.

If the motive for delivering US Treasury printing plates (whether officially authorised or not) to the Iraqi régime of Saddam Hussein in any way replicated the pattern of the 1944-46 scamming ruse, the objective underlying this treachery will have been to impose a drain on the US Treasury through the redemption of Iraqi dinars into US dollars, which could then be pocketed by US operatives.

It is suspected, therefore, that among the cynical ‘Black’ motives for the invasion of Iraq, and the consequent murder and displacement of around 2,000,000 people, not to mention the thousands of US and Allied military personnel and those 100+ ‘special operatives’ who raided the Central Bank of Iraq and were then grouped together so as to be deliberately bombarded by deadly US weaponry in a contrived ‘friendly fire’ operation, will have been the familiar one, repeated in other contexts in this murky background, of protecting the part of criminal DVD operative George Bush Sr.’s anatomy that he uses for sitting upon. Bush’s ‘rogue’ US monetary printing plates had to be retrieved.

• POSTCRIPT:

ATTEMPT TO INSTAL A CAMERA OUTSIDE OUR OFFICE EXPOSED
On Tuesday 11th November, a visitor to the Editor’s London office noticed that a camera, sprouting several antennae, had been erected on a tall street lighting lamp post located immediately opposite our office building. Earlier, when the Editor had left the building to run certain errands in Victoria Street, he had noticed at least half a dozen men and two big Westminster City Council vehicles, one with a hydraulic lift, parked adjacent to the lamp post, engaged in complex activity focused upon the street lighting. The Editor deliberately reported this matter later via our monitored telephone lines and then, with his visitor, stood outside in the pavement looking at the camera from various angles, before we repaired to a nearby hostelry for some refreshments.

• The camera remained in situ, as viewed from the upper storeys of our building, as late as midnight that evening. By 9.15am the following morning, it had been removed.

On Wednesday 12th November, the Editor began a series of telephone calls to Westminster City Council, with a view to obtaining some explanation for the erection and overnight removal of the camera and antennae overlooking our office. After innumerable attempts to extract a coherent explanation, and having left various voicemail messages expressing our dismay at this behaviour, the Editor finally had to inform the Personal Assistant to the Chief Executive of Westminster City Council, asking for an urgent response. Whereupon he was inundated with responses, culminating in the following explanation by Patrick Allen, a senior Council executive (paraphrase) in answer to our questions: Who authorised the camera? What was its purpose? What budget financed it?:

‘We are testing equipment. The major supplier, British Telecom Plc, is late with its deliveries of hardware. But the lesser suppliers have delivered in accordance with their contracts and have submitted their invoices and want to be paid. The intended system cannot be installed until the British Telecom equipment has been supplied. So we have been testing the equipment provided by the smaller suppliers, to verify that it is fit for purpose. The crew would have erected the camera to test it and would then have removed it once the test was complete’. In answer to the comment that the camera was mysteriously removed overnight, Mr Allen said: ‘That’s quite possible. The crews start at 7.00am in the morning’.

Who are we to argue with this very rapidly provided official explanation for the fact that a camera, complete with numerous antennae, was suddenly erected and focused at our office building and then abruptly removed overnight, after we had reported this matter by telephone and indicated our curiosity by being photographed looking at the camera from all angles in the street?

• VISIT TO OUR LONDON OFFICE ON 3RD DECEMBER 2008 BY UK SPECIAL BRANCH:

Following the ‘triple gunshot voicemail’ [see the report dated 21st September 2008], the Editor reported this event, as requested by a contact, as a courtesy to the local police at Thame Police Station. The Editor was also advised to report that he had been told that there might be a hit squad ‘on the ground’ at the time. At no stage did the Editor mention Al-Qaeda (see below).

On 8th October, detectives from Kidlington visited the Editor’s wife in Buckinghamshire, unknown to the Editor, who had already departed for his trip to the United States scheduled for 9th October. Given the gravity of the ‘triple gunshot’ threat, the Editor had taken advice from several contacts, one of whom had proceeded to inform several UK agencies asking them to provide the Editor with some form of special protection. The Editor was met at Gatwick Airport by three operatives beyond passport control, who asked polite questions after checking the Editor’s identity.

The flight to Newark on 9th October was uneventful and the Editor’s overall trip in the United States, apart from the ‘Amtrak sequence’ when the Editor’s mobile phone communications were severely disrupted while the train was proceeding to Washington, DC, was likewise.

In late November, the Editor was informed by his wife of the visit by officers on 8th October, which information had not been conveyed to him (as she had thought the matter had been dealt with).

On ascertaining the name of the officer from his wife, the Editor contacted Detective Sergeant Duncan Gomm of Thames Valley Police, Kidlington, who picked up the call, said he was on the road and could the Editor call back in half an hour. The Editor returned the call in 40 minutes, which went straight to voicemail, and left his name and number.

At 5.13pm on Thursday 27th November 2008, Detective Constable King-Bishop left a message on our office voicemail returning the Editor’s call: could he please get in touch? At 8.50am on Friday 28th November, Detective Constable King-Bishop left another voicemail, asking the Editor to get in touch, which he did, and she then asked ‘if we can come and interview you’, which the Editor then agreed to. This interview took place today, after the Special Branch officers arrived at 12.45pm as indicated above. The Editor came down the stairs and thought that he observed, through the glass door separating the stairs from the lobby, the male officer place a recording machine in his pocket.

The Special Branch officers asked what information the Editor had provided to the Thame Police. The Editor described the triple gunshot voicemail that had been received on 18th September 2008, and pointed out that the female Police Constable at Thame Police Station would have known what the Editor had told her, so why was the Editor being asked this question?

Detective Constable King-Bishop then said that the female Police Constable had stated that the Editor had indicated that he had been told that there might be an Al-Qaeda cell in the area (close to our countryside location). The Editor stated that this was incorrect: the phrase used had been ‘a hit team on the ground’ (see 21st September report).

It was made clear to the Editor that the Police had done nothing to investigate the triple gunshot voicemail. They asked how many threats the Editor had received since he began this investigation, and he said: 16, all in the United States. There appeared to be little residual concern on their part about the nasty triple gunshot voicemail: but the visitors were anxious to make it clear to the Editor that it was they who had arranged for three personnel to be present at Gatwick when the Editor left for Newark on 9th October. Unexpectedly, an official had rechecked the Editor’s passport and had asked a few curious questions like: ‘How is the business going?’ ‘Have you been at all affected by the downturn?’, which have nothing to do with security. The Editor thought this was odd.

It then emerged that the real purpose of the visit was to persuade the Editor that a certain contact of his could damage the Editor’s reputation ‘which is very high’ (thanks for the compliment). Now the Editor has known this contact since the early 1990s, but had no links until about 2005, when contact was made again by chance, and the person concerned then found out that the Editor was investigating the criminal finance crisis about which he, too, was quite knowledgable.

Our links were then re-restablished, although there was a gap of about 18 months later, after the Editor had had to ‘educate’ the person concerned about his misapprehensions concerning certain high-level US officer-holders. Since the Editor has visited the United States innumerable times since 1977, he is better equipped to understand and know about the various personalities on the US stage than most British observers, and the Editor felt that this contact should understand this.

However when relations were ‘restored’ in 2008, the Editor had three occasions to discuss matters with this contact. The Special Branch officers asked how often the Editor had met this contact, to which the answer in 2008 was ‘three times this year’. It was on the third occasion, on 6th September 2008, that the Editor, by prior agreement, visited the contact and conveyed to him one Affidavit and certain crucial documents which he requested should now be conveyed to our Head of State or her very closest representatives. The Editor had been specifically requested by key US associates to convey these papers to our highest level, and proceeded to ask for this to be done.

He took immediate steps after that meeting to do just that, having commented: ‘This is very serious. I will have to get in touch with X’. We later ascertained that the documents which the US associates needed to be conveyed to our highest level had not only reached their destination, but also that the advice proferred by the Editor that accompanied these documents, had been accepted.

As a direct consequence, the real money (the $14 trillion) underpinning the illicit bankers’ carousel were placed into lockdown, which meant basically that if a single cent were to be encumbered, this would effectively amount to ‘an act of war’ (that may be an exaggeration, but the phrase shows how serious any such further interference with the $14 trillion loan money would be). The ‘lockdown’ had occurred during the week preceding the receipt by the Editor of the ‘triple gunshot voicemail’.

It transpired that the Special Branch officers were engaged in an attempt to discourage the Editor from having further communications with the aformentioned contact, who procured the delivery of the documents to the highest-level destination, whereupon the officers’ expressed ‘motivation’ for the meeting was stated several times: ‘The reason we are here Mr Story is that we are concerned for your reputation, which is very high, given your contacts with this person, who has a reputation as ‘an intelligence nuisance’. Of course it is up to you whom you associate with’.

Now when people say to the Editor ‘it is up to you’, this usually goes down like a lead balloon, as EVERYTHING is up to the Editor, not least given that, as the female officer pointed out, ‘you are completely independent’. Well, in the case of an individual who is completely independent, as the Editor is, by definition, everything is ‘up to him’. It is condescending and arrogant to say this. It is also somewhat threatening, implying that ‘you will regret it if you stay in touch’.

Detective Constable King-Bishop then asked: ‘Are you concerned at all for your own safety?’, and ‘Are you concerned at all for your wife’s safety?’

It has since been pointed out to the Editor that these questions can be interpreted as representing threats against the Editor and his wife, which is one of the reasons we are posting this somewhat tedious detail immediately here. In summary:

• Special Branch officers (Kidlington/Scotland Yard) asked whether the Editor was concerned about his own safety and that of his wife, and we have been advised that these comments are capable of a dual interpretation, one benevolent, and one threatening. Depending on WHO left the ‘triple gunshot threat’, this interpretation may or may not be pertinent.

• Special Branch officers (Kidlington/Scotland Yard) profess to be concerned about the Editor’s reputation, which they say with false flattery is ‘very high’. The only person who needs to be at all concerned about his reputation is the Editor of this service. It is no concern of Special Branch officers affiliated to Scotland Yard/Kidlington what the state of the Editor’s reputation may be.

• Special Branch officers (Kidlington/Scotland Yard) sought to discourage the Editor’s arms’-length occasional association with the aforementioned contact, on the ground that he is alleged (by them) to be ‘an intelligence nuisance’, notwithstanding the fact that after the meeting that was held at the contact’s home on Sunday morning 6th September, the contact proceeded at once to convey the documents to our highest state level, as requested by our US associates. In other words, the Editor took advantage successfully of his contact, with his agreement, to achieve what had to be done, and the contact performed 100% in accordance with expectations.

• Special Branch officers (Kidlington/Scotland Yard) rubbished the reputation and standing of our contact, saying in so many words that he is not what he cracks himself up to be, and that he has been ‘trading on the Editor’s reputation’. First, the Editor is the guardian of his own reputation and has noted no adverse effects from being associated with this contact whatsoever (not that many people know about this contact anyway). Secondly, whatever these UK Special Branch officers may allege, the proven fact (reconfirmed again today) is that when called upon to procure the delivery of sensitive documents to our highest level, the contact did precisely that. Which is what mattered.

• Special Branch officers (Kidlington/Scotland Yard) attempted repeatedly to rubbish the Editor obliquely by pointing out, for instance, that ‘you could have done the research yourself: you didn’t need to use your contact for the purpose of conveying those documents’. Which, by the way, the Special Branch officers asked to see; WHY WOULD THEY BE INTERESTED? The Editor refused to comply with that request, which was completely out of order here.

• Special Branch officers (Kidlington/Scotland Yard) also said that the Editor’s contact had got in touch with various agencies in the United Kingdom and had caused them to become engaged in a great deal of work on behalf of the Editor which was unnecessary. When the Editor asked whether the ‘work’ that had been done by these agencies had been in the Editor’s interest, he was told: Yes. If that was the case, how can such ‘work’ have been unnecessary? The ‘work’ was connected with measures taken to protect the Editor following receipt of the triple gunshot volicemail, which the visitors did not seem to be in the slightest concerned about.

• Special Branch officers (Kidlington/Scotland Yard) made no contact with the Editor of this service after visiting his wife on 8th October, until the Editor got in touch with THEM in late November. So what was the reason for the sudden urgent need to interview the Editor? If there had been a problem concerning the contact to which they object, they could have got in touch with the Editor shortly after his return from the United States at the end of October. Clearly, the phrase ‘damage limitation’ springs to mind. Another phrase that springs to mind is ‘frame up’, of both the Editor AND his valuable and helpful contact, who has received no remuneration, as is the case with all of us. A third pertinent phrase that spings to mind is ‘cover up’: see the main narrative.

• And yet another pertinent phrase that JUMPS OUT OF THE MIND is ‘fishing expedition’.

The Editor had pointed out that the triple gunshot voicemail had NOT left a print on the digital voicemail equipment, whereas the earlier and later voicemails were present, and that he had been led to believe that intelligence facilities possess the ability to wipe out digital voicemail messages, but that ‘ordinary mortals’ cannot do this. (Untrue, but that is what this overworked Editor thought at the time). The male Special Branch officer rubbished this interpretation, adding that ‘anyone could have left that triple gunshot voicemail message’, which did not concern him, as though this was of no residual interest, like the ‘gunshots threat’ itself. The Editor thought that the officers’ lack of interest in the gunshots threat was extremely peculiar: after all, he contacted the Police SPECIFICALLY because of the ‘triple gunshot’ voicemail, to ask for protection.

It then occurred to the Editor that this interview was becoming pointless, and that if the ‘triple gunshot’ voicemail was of zero relevance, quite possibly the Special Branch may KNOW who had perpetrated this threat and may indeed be engaged in a damage limitation exercise. The damage limitation had become necessary perhaps, because UK agencies had been activated by the Editor’s contact in October, which had interfered with the objective of the exercise, which MAY have been been to INTIMIDATE THE EDITOR of this service, given that our intervention on 6th September had procured the lockdown of the $14.0 trillion, with decisive consequences. And these two Special Branch officers now appeared themselves to be possibly intimidating the Editor when they asked those questions about whether the Editor fears for his own and his wife’s safety.

In conclusion, we have been advised to post this narrative so as to signal to those who may be concerned, that if you imagine that intimidating the Editor of this service will ever be liable to achieve whatever hidden motives may apply, you should take it on board that the Editor of this service is not about to become accustomed to submitting to threats. After having received 16 threats in the United States, he is well used to this kind of behaviour. If the Kidlington Special Branch think this interpretation is incorrect, they have out telephone number and coordinates.

• And by the way, they knew all about the criminal finance investigations and their implications.

We are grateful to these officers for what they have genuinely done for us, and for their time. We don’t take kindly to veiled threats, if these were intended, which we imagine cannot be the case.

APPENDIX:

THE EARLY ATTEMPT BY THE DVD-ORIENTED COMPONENT OF MI6 TO PUT A STOP TO THE EDITOR’S INVESTIGATIONS OF THE FINANCIAL CORRUPTION. IT HAD THE REVERSE EFFECT:

The following sequence, published on pages F-05 to F-08 of International Currency Review, Volume 34, #1, distributed worldwide at the end of November 2008, references conversations between the veteran journalist, Gordon Thomas, who boasted of close intelligence connections, and the Editor of this service, in 2004-2005, in which Gordon Thomas warned or threatened the Editor that certain elements ostensibly of UK intelligence had borne false witness against the Editor of this service by disseminating fatuous fabrications about the Editor’s supposed links to Mark Thatcher and Bernie Ecclestone, neither of whom the Editor has ever met and with whom he has never had anything to do, not least because your very own correspondent has done nothing at all in his working life since returning from Canada in 1961 except write and publish, and provide consultancy services, on his own account. This is a full-time 24/7 occupation which allows of no respite, especially as nowadays we also publish (and the Editor writes) books.

• So whoever dreamed up this tripe didn’t do his homework.

However given the huge momentum of the exposures, which have ‘blown’ this fraudulent finance and the involvement of criminal enterprise institutions and intelligence cadres in its perpetration, while exposing the rôles of DVD, Dachau, CIA-1, Frankfurt, Government Operations – 2 (GO-2), DVD chieftain George Bush Sr. and the other criminal elements who have been disturbing the peace of humanity and creating flashpoints around the world (such as in Bombay) to cover up their financial crimes, it would appear that elements of British intelligence later changed their opinion of what the Editor was attempting to achieve. At all events, their early intimidation operation fell flat.

This demonstrates the wisdom, perhaps, of walking in a straight line when investigating and exposing evil, since parties who zigzag cannot keep up with those who forge straight ahead.

The relevant passages from the latest issue of our financial journal, referencing conversations with Gordon Thomas, are as follows:

In the course of the conversation [in Bath, on that occasion], the question of MI6 and British intelligence interest in certain topics arose. It was in this context that the veteran journalist revealed that MI6 had informed him personally that your correspondent is or was involved with Mark Thatcher in connection with the botched coup to seize power and the oil assets in Equatorial Guinea. Observing Thomas’s own astonishment at this curious invention, your correspondent asked when he had heard ‘this nonsense about [my non-existent connection with] Mark Thatcher’.

At first he said that ‘oh, it was very recent, within the past two months’. (However in a telephone conversation on 19th November 2004, Gordon Thomas, who has close MI6 connections, shortened this time-frame to ‘within the past two weeks’, before correcting himself and saying that it may have been ‘within the past two months’. A bit hazy, he was).

Mr Thomas elaborated that his MI6 source(s) had reacted as follows when the Editor’s name had come up in conversation: ‘Oh yes, we know about him. Why revive him?’

We take this to be a reference to the fact that the Editor had published his early findings about this corruption in Volume 28, Number 4 of this service, back in March 2003. That issue alluded to, and illustrated some of, the ‘smoking gun’ financial payout documents made available to the Editor in June 2002. In other words, MI6 thought we had fallen asleep.

Separately, a Pentagon-linked operative had approached the Editor about some scam involving Bernie Ecclestone, a character with a murky background, explaining that he had been told (by MI6, it transpired) that the Editor had some involvement with this motor racing fellow, also a pack of lies. Both the Ecclestone and Thatcher fables were ‘supposedly’ fabricated by MI6.

GORDON THOMAS SPILLS THE BEANS
On later telephoning Gordon Thomas, in order to thank him for his time and hospitality on the preceding afternoon, your correspondent made his deduction of the link clear to him:

Editor: ‘It’s obvious that this mad fantasy about links with Mark Thatcher and the separate nonsense about Bernie Ecclestone comes from the same source, namely MI6’.

Gordon Thomas (as though he knew more than he was revealing): ‘That’s right’.

Editor: ‘Who did you obtain this [Mark Thatcher libel] tripe from:
were they high-up sources?’

Gordon Thomas: ‘I heard this very recently….Yes, one of them is [a high-up source]’.
I would describe the other as middle management’.

Editor: ‘So what makes them do something like this? What drives them to make up such ludicrous stories and lies, when they know they can’t make anything stick’ (since the whole pack of lies is a crude and clumsy invention)?

Gordon Thomas: [paraphrase]: ‘It’s not necessary for them to prove anything. All they need to do is to make allegations. That’s all they need to do’.

Editor: ‘So, what have they done with these lies?
Have they put these inventions out there to the press?’

Gordon Thomas: ‘Yes, it’s with the press, I understand’.

Gordon Thomas then proceeded in general terms to summarise the false story that MI6 had fed to the press about the Editor’s alleged (but totally non-existent) connections with Mark Thatcher and the failed Equatorial Guinea fiasco. In other words, MI6 were attempting to connect the Editor to this episode, of which of course the Editor know absolutely nothing except what we have read in the open press and on the Internet.

Editor: ‘Of course if any such allegations were to appear in print I would go to court at once. Presumably they realise that’.

The Editor reiterated that if any such false allegations were to be made in the press, he would go to court given that the suggestions are fabrications with no basis whatsoever in the real world. The Editor spends all of his time (24/7) preparing serials and books for publication; and as all who know him are aware, has no time for any other work activity of any kind, as has been the case since 1969.

Gordon Thomas then alluded to the fact that the newspapers concerned would have done their homework and would find that they could make no progress since there would be no connections to be unravelled; whereupon he said that it would not have been necessary for there to have been any substance to MI6’s lies: all that would be necessary to discredit the Editor in the eyes of the media would be to put this pack of lies ‘out there’.

FALSE WITNESS LIES, SO THAT THE ‘MAINSTREAM’ WOULD IGNORE IT
The motive would have been to ‘guarantee’ that if International Currency Review were ever to publish any information which might reveal serial official corruption on either side of the Atlantic or anywhere else, the British press would pay no attention (as has hitherto been the case). It was a classic intelligence frame-up.

In further conversation between the Editor and the veteran journalist, Gordon Thomas, it was carefully explained to the Editor that [paraphrase]:

• British and American intelligence are now so incestuously intertwined, and the foreign policy stances of the two Governments ditto, that there is hardly any difference between them.

• (No mention of DVD and Mossad, you notice: Ed.).

• A new second-term Bush Administration had been ‘elected’ on 2nd November and was anxious that ALL its requirements across the board would be complied with by the British authorities, as appropriate, in line with its familiar arrogant approach to the ‘Special Relationship’.

[In the same issue, on pages 41-58, we demonstrated conclusively that the 2004 election, like the election of 2000, was stolen, and we showed in part how this was done].

• It had been explained to the veteran journalist, Gordon Thomas, by MI6, that Washington had basically been pressurising them to ‘do something about Mr Story’. When your correspondent asked why on earth this was considered ‘necessary’, the veteran journalist continued [paraphrase]:

• ‘They think you may be dangerous* because you have the documents and you have control of publications through which information about the financial documents can be disseminated’.

[*Dangerous for what reason? Because we would be liable to expose their nasty corruption, their double-dealing, their open-ended abuse of power, and their treason, by any chance?]

Editor: ‘But they know perfectly well that others have these compromising financial documents…’. [The Editor then mentioned his knowledge that the editor of a prominent publication (Vanity Fair) held copies of the documents in the folder obtained by the Editor in Washington in June 2002].

Gordon Thomas: ‘Yes, but he probably can’t use them, or else is too frightened to do so (accurate: Editor), whereas you can, because the publications you publish are under your direct control’.

Editor: ‘So you are saying that MI6 know that there isn’t a controlling intelligence cell sitting in our ‘press room’, as is the case elsewhere, and are collaborating with the crude Forces of Darkness in Washington who want these financial scandals to remain covered up indefinitely, are you?’

Gordon Thomas: ‘In so many words, that’s what is intended, yes. And here’s what they said. They said: Tell Mr Story about what has happened to’ [adding the name of a well-known UK journalist who stepped out of line. The name of this journalist is known to the Editor]’. This was a threat to surface some wholly concocted ‘sleaze’ report about the Editor.

Gordon Thomas then explained that his MI6 contact(s) referred to photographs of this journalist stripped naked and indulging in some kind of satanic sexual orgy. He then added: ‘They are saying that if you expose these documents, or if they think you are going to do so, they will do everything in their power to discredit you. That way, when you publicise the damning information that you possess, no-one will believe you and the press will take no notice’. ATTEMPTED BLACKMAIL.

The second part of prediction has proved accurate. The press took no notice: but not because of the lies peddled by the criminal organisation calling itself MI6 (or was Gordon Thomas speaking on behalf of Mossad by any chance?), but actually because the ‘mainstream media’ didn’t keep up with events, didn’t do its due diligence, and was all too easily bamboozled by the spooks who fed them redirection ‘slides’ about the ‘cause’ of the problem being ‘sub-prime’ mortgages, which have of course existed ever since mortgages were first thought of. The ‘mainstream’ bought this bromide, and went to sleep for a year.

Consequently, the UK ‘mainstream media’, found wanting and caught short, have since been scrambling to ‘catch up’ with the unravelling Octopus scandal, with no reliable bearings to guide them. We cannot tell whether or not they ignored the evidence we have published since March 2003, on the basis (according to Gordon Thomas’s assessment) of a farrago of concocted rubbish about the Editor which has never even surfaced, despite these threats. They did not even amount to blackmail, because there was nothing in the lies to blackmail the Editor with. However Gordon Thomas behaved disgracefully in allowing himself to be used for this low purpose. Shame on you.

Naturally, the Editor exposed this clumsy attempted frame-up by publishing the complete narrative (on pages 27-39 of Volume 30, Numbers 2 & 3 [known as ‘The Green Book’)].

The BLACKMAIL AND FALSE WITNESS ‘warning’ sequence is concluded:

Editor: ‘This is all going rather further than the previous baseless allegations. Those were so absurd as to be almost demented: anyone who knows me is aware that I do nothing else, 24/7, but prepare our publications for press. How could I have time to mess about with this fellow Bernie Ecclestone, whom I have never met and would never wish to meet, in Monte Carlo, fooling around with motor cars which I know nothing at all about and in which I have never been interested; or with Mark Thatcher, whom I have never met or spoken to either, in some dark corner of Africa?’

‘When would I have time to do any of that, and why do they think I am so pushed for money that I would be tempted by such stupidity? In any case I never invest in anyone else’s ventures: only in my own, not least because I have no time for any other activity. If these stupid idiots had done their homework, they would know this: after all, I have been doing precisely the same thing since the 1960s, and our financial publications are well known in the global banking sector after all these decades. Furthermore our London offices are only round the corner: these people have feet.
They can walk…’.

Gordon Thomas: ‘Oh they wouldn’t do that. They’d have your telephones bugged. They listen to your phone calls. Why would they expose themselves? They want to expose you’.

Editor [thinking: Well, they have just exposed themselves, through you, Mister]:

‘If they are so very desperate, why don’t they liquidate me, like they have liquidated others, this being evidently one of their favourite pastimes? If they think I am so likely to expose their corruption, why don’t they just do that?’

Gordon Thomas: ‘Oh, they wouldn’t do that. it would be far too messy’.

Editor: (unspoken): ‘Oh, so the only reason they ‘wouldn’t do that’ is that it would be far too messy. So, if it wasn’t ‘far too messy’, they would, would they? They made a pretty messy job of poor Dr Kelly’ [the British microbiologist who, like more than 300 of his scientific colleagues around the world, have died mysteriously and violently in recent years because of their knowledge of secret population-reduction biological warfare technology that is being developed in order to rid the world, Himmler-style, of ‘undesirables’, and in Dr Kelly’s case, almost certainly because he knew about the clandestine operation orchestrated by the Bush/DVD apparat to equip Iran with nuclear materials. Dr Kelly was found ‘suicided’ in an Oxfordshire wood in 2003. His body was moved and the related cover-up appears to be unravelling right now, along with everything else.

[INSERTION: It is believed that the ‘triple gunshot warning’ that the Editor received in September 2008 [see Report, 21st September 2008] reflected a belief that we might reveal information about delivery of such materials, along with little girls, drugs and arms, using DVD-supplied submarines].

Editor: (spoken: paraphrase): ‘In revealing their dirty little hands like this, they are exposing themselves, which strikes me as being extremely dumb of them. They have shown their hand, thereby indicating to me that any exposure of these evils is indeed greatly to be feared, which signals to me loud and clear that it is all the more urgently necessary’.

Anyway, as a direct consequence of this clumsy early ‘MI6’ (according to Gordon Thomas: but was it?) intervention, the Editor was further encouraged to continue his enquiries. The correct way to have dealt with their ‘little problem’ would have been for someone from the intelligence services to have made an appointment to come to the Editor’s office across the River Thames, and to have appealed to the Editor on the basis of the old standards of gentlemanly honour. Sorry, we forgot: these people aren’t ‘gentlemen’ any longer. So they blow their cover, instead.

Notes and References:
(1) MISPRISION OF FELONY: U.S. CODE, TITLE 18, PART 1, CHAPTER 1, SECTION 4:

‘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’.

(2). The derivatives data published by the Bank for International Settlements and the International Monetary Fund are, as the IMF states in its Global Financial Stability Report, all adjusted for double-counting. Specifically, notional amounts cited were adjusted by halving positions vis-à-vis other reporting dealers. This means that, taking the mid-October notional value of derivatives contracts outstanding calculated on this basis of $667 trillion, the unadjusted figure would be $1,334 trillion – very close to the figure that we have published in International Currency Review and in Economic Intelligence Review. Gross market values were calculated as the sum of the total gross positive market value of contracts and the absolute value of the gross negative market value of contracts with nonreporting counterparties.

(3) The observations about Gordon Brown’s possible origins extracted below from our report dated 18th June 2008 [see the Archive], which are also published on page 123 of International Currency Review, Volume 34, #1, distributed at the end of November 2008, are pertinent in this context. They immediately followed our paragraph about Brown travelling to Belfast to join President Bush and his wife again in the afternoon of the same day that he had already said goodbye to them in front of the TV cameras on the steps of Downing Street that same morning:

‘The Editor was most interested to observe, on page W2 of the Weekend section of The Daily Telegraph of Saturday, 14th June 2008, in a feature celebrating ‘Father’s Day’, which the British have never previously bothered with, a segment about Gordon Brown and his father. This showed a photograph of Mr Brown’s alleged father John standing in front of an old-style car in a traditional farmyard, with two small boys. The caption reads: ‘Moral compass: Gordon Brown (above left) at the age of two, with his father John and elder brother, John Junior’.

The images of the two little boys had clearly been cut out and then stuck onto the old background photograph. When such montages were made (using old technology), the lighting was liable to cast a dark shadow at some edges of the images stuck onto the background, given that the light casts a shadow round the raised edges in question.

This was clearly a doctored montage, as can be seen from the hard black edge around the left-hand side of the older boy’s face, his right thigh and his left shoulder, and the parallel hard (black) edge around the right ear of ‘Gordon’ and along his left shoulder and arm. This new discovery confirms the Editor’s long-held suspicion that the received ‘legend’ associated with the intelligence officer Gordon Brown may be ‘misleading’.

There are also similar indications that the father figure in this picture may likewise have been mounted onto this rural background image. If these observations are anywhere close to being accurate, there is no difference between Britain these days and the ‘former’ Soviet Union, which was adept at falsifying photographs in order to sustain false ‘legends’ or to reflect liquidations of key personnel. Furthermore, it may be usefully noted that Gordon Brown’s age corresponds to the timeframe of the Hungarian uprising in 1956’.

It is therefore speculated that Brown may be of Hungarian, possibly Ashkenazi Jewish, extraction, and may have been a ‘1956’ refugee baby brought to Britain during the Hungarian uprising period. This analysis is purely speculative and cannot be claimed to be authoritative.

REITERATION OF THE 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.