IMPASSE DRIVEN BY FEARS OF HARSH I.R.S. INVESTIGATIONS

chrisstory

TAX EVASION AND MONEY-LAUNDERING (= TERRORISM UNDER PATRIOT ACTS)

Tuesday 7 July 2009 21:01

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’.

CALLING EVIL GOOD, AND GOOD EVIL
‘Woe unto them that call evil good, and good evil; that put darkness for light, and light for darkness; that put bitter for sweet, and sweet for bitter!’

‘Woe unto them that are wise in their own eyes, and prudent in their own sight!’
Isaiah, Chapter 5, verses 20-21.

• PRECISE FACTOR IMPEDING SETTLEMENTS IDENTIFIED

• PAYOUTS HAVE TO BE EFFECTED ON THE BOOKS

• PAYEES MUST PAY TAX ON THEIR RECEIPTS

• U.S. PENALTIES FOR TAX EVASION ARE BARBARIC

• WHEN THEY FIND OUT, ORDINARY AMERICANS MAY REACT VIOLENTLY

• ‘NONE OF THIS MUST EVER COME OUT, YOU UNDERSTAND’

• ‘NEGOTIATED SETTLEMENTS’ PLOY DESTABILISED BY THIS SERVICE

• NEW LIES FOR OLD AND OLDER LIES FOR NEW

• COUNTRY RECIPIENTS STILL BEING MESSED ABOUT

• STASI OPERATIVE MERKEL IN THE WHITE HOUSE

• ROOTS OF EXTREME TENSIONS BETWEEN THE U.S. AND GERMANY

• PROSPECTS FOR A DEVASTATING FINANCIAL COLLAPSE

• PATIENCE EXHAUSTED: EXPOSURES BEING PLANNED

• THE DIALECTICAL YING-YANG REDIRECTION ROUTINE

• THE THEFT COVER-UP DISINFORMATION BARRAGE

• OTHER RELATED AND RELEVANT WORLD REVOLUTION DIMENSIONS

• BEHIND MICHAEL JACKSON’S ‘SUDDEN DEATH SYNDROME’ EXPERIENCE

• GHOULISH CREATION OF THE BUSH CRIME SYNDICATE

• DANIEL FINKELSTEIN’S INANE INTERVENTION

• BERNIE ECCLESTONE REVEALS HIS TRUE (BUSH) COLOURS

• ‘COMMON PURPOSE’ CAMERON’S MINDLESS PC ‘GAY PRIDE’ BEHAVIOUR

• THE ‘CONSERVATIVE’ PARTY AND E.U. CORRUPTION

• GORDON BROWN RISKS EXPOSING HIMSELF AND ‘FRIENDS’

• MUNN’S FALSE APOLOGETICS FOR DEVIANT MEN

• SIMULTANEOUS ‘GAY PRIDE’ EVENTS ALL OVER THE WORLD:
WELCOME TO THE WORLD REVOLUTION

• BARROSO BEING PUSHED FOR A NEW E.C. TERM

• OPERATIVES IN CHARGE TODAY THREW TV SETS OUT OF WINDOWS IN THE ’60S

• WHY EUDEOLOGUES BUTTRESS BROWN TO PREVENT AN EARLY ELECTION

• BROWN’S MIND IS A TABULA RASA

• PROPER ACCOUNTING WOULD SHOW BIG BANKS TO BE BUST

• BANKS CONTRIVE DESPERATE NEW SURVIVAL WHEEZES

• U.S. ‘STATE WITHIN THE STATE’ CLINGING TO ITS ‘BLACK FINANCING’ ‘RIGHTS’

• OBAMA COMPARED TO A MAGICIAN (SORCERER)

• ‘STIMULUS’ AND STATE MONIES HELD UP BY SETTLEMENTS IMPASSE

• SETTLEMENTS IMPASSE DRIVEN BY FEAR OF I.R.S. INVESTIGATIONS

• U.S. OFFICIAL AND BANKING SECTOR UNDERTAKINGS REMAIN NOTORIOUSLY WORTHLESS

• PSY-OPS OFFENSIVE DESIGNED TO COVER UP THEFTS

• GRAND JURIES HAVE NOT BEEN SITTING IN VAIN

• THEY’VE GOT TO PAY TAX ON THEIR RECEIPTS

• THEY WANT THEIR MONEY BUT THEY DON’T WANT AN I.R.S. INVESTIGATION

• PREDICTED ECONOMIC DISINTEGRATION MONITORED

• EVEN THE FED’S CHIEF ECONOMIST IS ALARMED

• ‘ZERO’ INTEREST RATES TO ENTICE MONEY BACK INTO HEDGE FUNDS

• EQUALLY HORRENDOUS DATA FROM ALL OVER THE WORLD

• THE MONEY IS READY – BUT SITTING ON THE SIDELINES

• INCOMING MI6 CHIEF EXPOSED BY HIS WIFE

• INTERNATIONAL CURRENCY REVIEW: Volume 34, Numbers 3 & 4: Comprehensive coverage of the twists and turns of this crisis between September 2008 and June 2009, containing details of many of the astonishing goings-on in the lawless space called the intergovernmental sector.

• In this ‘Black’ arena, ‘anything goes’, assets of other parties are stolen and traded, deception is standard practice, and everyone lies to everyone else. This huge issue, currently ‘on machine’,
provides a devastating record and critique of the deplorable behaviour of the Big Powers, as they fight over stolen money. Please apply via the CONTACT US facility for availability and price details.

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

• Globalist hegemony ideology and practice are comprehensively debunked in the Editor’s study entitled The New Underworld Order, which can be ordered via the books section of this website. If you want to see what may well happen if the angle of decline steepens much further, you could do worse than also order a copy of The Red Terror in Russia, by the contemporary Russian eyewitness Sergei Melgounov, another Edward Harle Limited book available direct from this website. Also, the Editor’s study entitled The European Union Collective, which proves that the EU is a long-range strategic entrapment operation to reduce European countries to satrap status within a German empire using economic strategy for relentless economic warfare purposes, can be bought here.

• 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.

• The Editor’s $35,000 Wanta bail-out money has been stolen.

• See the second white panel for details of our latest distributed intelligence publications.

• 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.

• COPYRIGHT NOTICE: The Editor and his companies have taken measures to obtain protection and recompense for the gross breaches of copyright material, books and works owned by this service, our companies, the Editor and Author, and the Authors whose interests we must protect. In the first place, a pirate platform service in the United States has received a demand for a very large sum of money to compensate us for the wanton stealing of three of our books, the consequence of which barbaric acts has been effectively to destroy our book publishing business. Secondly, the agents for the Google Settlement have been specifically informed by registered mail that we have written, also by registered mail, to the four universities and one public library who have entered into an agreement with Google under the so-called ‘Google Settlement’.

The universities in question are: Oxford, Stanford, Harvard and Michigan; and the public library is the New York Public Library. Our three companies have opted out of the Google Settlement, which is anyway now in some disarray.

These and related parties have been advised that if ANY of our works, published by all three of our companies, not just the intelligence books company which has already been severely ransacked, are assaulted by copyright pirates, we will take all legal measures open to us to enforce our rights and those of our authors. The rationale underlying this scourge is the false and spurious one that the intellectual property of the whole of humanity is the property of the ‘global commons’: a dirty, revolutionary piece of hypocrisy and subversion, the underlying purpose of which is to destroy small publishers so that there will be no dissenting voices to The New Underworld Order.

When time permits, we will be providing ‘further and better particulars’ concerning this outrageous revolutionary development. In the meantime, those amoral persons and parties who have so far downloaded our works are hereby warned that every single download will be traced, and that they risk being pursued for very large damages for gross and insolent breaches of our copyright.

Anyone wishing to reproduce the important anti-World Revolution article posted here must contact the Editor for written permission, on the understanding that a precise form of words that we will specify must accompany any reposting and that the entire article, with credits, must be displayed. Any deviation will be treated as a breach of copyright and dealt with accordingly [see above].

• ROGUE’S GALLERY OF DECEIVERS: Given the deceit and abuse that has been meted out to the Editor of this service since we began these investigations in 2002, the Editor plans to expose, by name, each of the primary perpetrators of deception against us, including a UK-based deceiver recently unmasked who sought to extort money for delivering sensitive packages that he never delivered. This character has been reported to the Police, and a Major Crime Book Number will be sought with a request for an investigation. The relevant documents have been sent by registered and signed-for mail, to the Special Branch officer concerned. Those who have deceived us will be made to endure the consequences of their serial duplicity, starting with Leo Wanta, to whom the Editor lent $35,000 to pay for his release from irregular probation, which should have been paid back on 11th June 2007 but concerning which nothing has been heard. All other collaborators and operatives who tried to decieve us at various stages will also be exposed for their deception.

By Christopher Story FRSA, Editor and Publisher, International Currency Review, World Reports Limited, London and New York. For earlier reports, press the ARCHIVE. Order your intelligence subscriptions and our ‘politically incorrect’ intelligence books online from this website.

• NEW REPORT STARTS HERE:

PRECISE FACTOR IMPEDING SETTLEMENTS IDENTIFIED
Now that the angle of real economic decline has steepened to the point at which the US and world economies face a much worse outcome than in 1929 (see below), we are in a position to pinpoint the PRECISE factor which underlies the slump. It is this.

The officials, operatives, intermediaries, bankers and others who have stolen and diverted between $300 trillion and $500 trillion of funds and who are being compelled to disgorge this loot, cannot reveal ‘source of funds’. And the reason for THIS is simple:

• Since the disgorged money has to be paid out in a transparent manner – that is to say, on the books – TAX will be payable on the paid-out funds.

• This tax will, moreover, be payable IMMEDIATELY.

PAYOUTS HAVE TO BE EFFECTED ON THE BOOKS
Tax accruals onto the Treasury’s books are TRANSPARENT. So, when this money is paid out, and vast accruals of tax transforms the Treasury’s books, people are going to start asking questions like: what on earth has been happening?

Where has all this money, that’s been sitting on the sidelines, come from? Millions of people have been thrown out of work, factories are being mothballed or closed down, supermarket shelves are increasingly bare or filled with the cheapest possible junk, nobody’s buying anything: and yet, all of a sudden, this avalanche of hidden money materialises – money that could have been deployed BEFORE millions were thrown out of work, BEFORE factories were closed or mothballed, and BEFORE supermarket shelves started resembling the shelves of stores in Zimbabwe.

• So what’s being going on?

• And THAT’s the question that the criminalist cadres are all terrified to have to answer.

And it’s NOT just because they don’t want to pay the tax due on the payout monies (although that’s an important ongoing factor here, too).

No, what these people are scared out of their wits about is that payment of the Settlement monies will, by definition, be liable to expose the fact that THEY are tax evaders:

• All co-conspirators and Accessories to the Fact of these Fraudulent Finance operations face the prospect of MANDATORY Internal Revenue Service investigations into their preceding financial histories. IRS agents will want to know ‘source of funds’, and they won’t be able to tell them without incriminating themselves. And in the uncompromising post-Bayou, post-Madoff and post-Stanford environment brought about by the reprobate intransigence of these crooks, that frightens them.

• Jail sentences for tax evasion in the United States are extremely severe, even barbaric. But the tariff’s on the Statute Book and the Courts are now applying the FULL TARIFF.

•And that, friends, is the ROOT CAUSE OF THE IMPASSE. ‘They’ are absolutely terrified.

PAYEES MUST PAY TAX ON THEIR RECEIPTS
Put bluntly, all concerned – whether inside the official structures, agents, intermediaries, handlers, crooked bankers or brokers – who have payments due to them must (a) pay tax on the money and (b) divulge to the IRS agent all relevant information relating to ‘source of funds’. Which means that it is more than likely that these people will be identified as having evaded tax and having engaged in money-laundering – implying prosecution and a savage jail term.

Therefore, every ruse under the sun has been deployed to avoid such an outcome. And as this downward spiral continues and the real economy is being crucified, the money that has been stolen and illegally multiplied sits on the sidelines and is being systematically blocked (up to our press date) by the President of the United States and the US Treasury Secretary, who controls the Internal Revenue Service himself. So the highest-level officials are, or have been, systematically impeding the financial solution to their own and the whole world’s problems because the stolen money has to be paid onto the books, tax has to be paid on it, and such receipts will have to be reported to the Internal Revenue Service.

U.S. PENALTIES FOR TAX EVASION ARE BARBARIC
And large numbers of both recipients and perpetrators could go to jail under the TEFRA legislation of 1986 for 20 years, as a consequence of the MANDATORY investigations that will follow.

That, in a nutshell, is the central core of the problem. And it exposes the deeper meaning behind George Bush Sr.’s notorious observation that ‘if the people knew what we have done, they’d string us all up on lamp posts’.

We appear to be fast approaching that outcome. Sources inform us that many US States missed distributing their paychecks on the 1st July. Can you imagine what will happen if this breakdown is repeated in the coming months? The Editor personally knows an employee of a well-known utility who has to rise every morning at 3:30 am to travel for an hour and a half to work, so as to be at her desk at 6:00am. Such hardworking employees are taxed at source.

WHEN THEY FIND OUT, ORDINARY AMERICANS MAY REACT VIOLENTLY
When such Americans discover that the corrupt élite and the financial sector snakes have been evading tax on a stupendous scale under the past four US Administrations, while the ordinary American has been paying his or her taxes regularly without protest, they are going to explode. And we mean precisely that. The American people are EXTREMELY ANGRY, and rightly so.

Within the space of four Administrations, the US economy has been ransacked and decimated by criminal operatives that we and others have exposed. And please take note of this nuance:

• Everyone who is not sitting on his or her brains is aware that the economy is in severe slump, and that the slump is getting much worse by the week. As we report below, the properly computed rate of US unemployment is believed to be approaching 19%. But because ordinary Americans are naturally preoccupied with running their daily lives, providing for their families, etc, they do not necessarily know WHY this is happening.

• It’s when they finally become aware of WHY their lives are being wrecked and their standard of living is being destroyed, that their anger will know no bounds.

• With State paychecks not arriving and California floating IOUs in lieu (which cannot easily be financed, contrary to a new wave of Wall Street bravado on that score, given that institutional investors are likely to demand significant discounts to compensate them for the risks they will be running in acquiring these ‘assets’ of a bankrupt State), the AMERICAN people will, if this long-term observer of the United States’ experience is any guide, take matters very decisively into their own hands. In California, too, more than 238,000 State employees have been working two days less per month since February, and variations on this theme are reported from 22 US States.

‘NONE OF THIS MUST EVER COME OUT, YOU UNDERSTAND’
So, on top of being terrified that they are liable to be exposed as tax evaders, these parties are probably starting to have sleepless nights over their own physical safety. And don’t forget that the Bush Sr. operative Gwendolyn Waymark (not her real name) warned the Editor in May 2003, after he had returned from interviewing ONI Vreeland in Niagara Falls, Canada, that ‘none of this must ever come out’, you understand.

• ‘It must never come out’ because all concerned are liable to be fingered for evading tax IN THE PAST, never mind about their dislike of having to pay tax on the suppressed payout money NOW.

So, faced with this situation and the prospect of going to jail for 20 years, the crooked players who are holding Americans, the United States and the Rest of the World to ransom, prefer instead to let the real economy crash – in the Fascist expectation of being able to mop up remaining real assets with hidden, off-balance sheet, offshore funds at fire sale prices.

• That’s the underlying game plan: BUT WE KEEP DESTABILISING IT.

‘NEGOTIATED SETTLEMENTS’ PLOY DESTABILISED BY THIS SERVICE
On 1st July 2009, we threw into total confusion the proposal to impose ‘Negotiated Settlements’ on a ‘take it or leave it’ basis. This is not the first time that this website has indeed upset the criminal planners’ stratagems. And the reason they hate our guts is that they KNOW we are right. The money has to be paid out in a transparent manner, with tax paid into the Treasury and receipts given for the taxes paid. The IRS will then have to decide what to do next.

One ‘way out’ might theoretically be for the President of the United States to issue an Executive Order declaring a Tax Amnesty for a limited period, to cover all recipients of Settlement payout monies. Why has this amoral expedient not been applied? Several reasons:

• It would have to be applied across the board and would need to be ‘seen to be fair’.

• People would ask why a tax amnesty is necessary at a time when tax revenues are collapsing.

• The criminalist cadres STILL think they can continue evading reality, and continue to place their own interests and concerns (including not being caught for tax evasion and money-laundering) above those of ordinary American taxpayers and everyone else.

NEW LIES FOR OLD AND OLDER LIES FOR NEW
Therefore, the US intelligence-linked dialectical manipulators, the familiar ying-yang merchants, the professional hired disinformation agents, and the army of parasitical counterintelligence deceivers who are paid to bamboozle the American people and the Rest of the World, have been harder at it than ever since we last reported. What else is novel? The accelerated frequency of their lies, for starters. And secondly, the monumental proportions thereof.

First, on Tuesday/Wednesday last week, we were advised by three sources that President pro tempore Barack Obama had intervened to stop the payments. Then, on Sunday 5th July, we were advised by a Trustee who sourced his information to ‘Head of State’ level in Europe, that Mr Obama issued Executive Orders on the morning of 4th July to the effect that all payees must be paid and all recipient parties must have been satisfied within 72 hours.

• But since the banks were closed on Saturday and Sunday, and our sources say that no bank staff turned up to effect the payments, quite clearly this reported presidential ‘intervention’ was devoid of meaning, unless this latest 72-hour ‘window’ period was meant to start on Monday morning: as indeed the President would have known if and when he issued such Executive Orders.

In between, we were ‘authoritatively’ advised that the money had been sent to China. Then, later, we were informed that it was all ‘safely back with the US Treasury’ (FACT: NO money held within Treasury accounts is safe). When we asked whether, en route to China, the stolen and diverted funds had visited the moon, there was no answer. Which was perhaps not surprising, given that the President of the United States is ‘travelling’.

In which connection, a stand-off with GRU-Prime Minister Vladimir Vladimirovich Putin appears to have been yet another ploy, given reports that Obama’s intelligence brief may have required him to ‘split’ Putin from Mr Medvedev – a risky venture, since Putin is Soviet Military Intelligence (GRU), whereas Medvedev is plain common or garden KGB.

In exchange for maximum cooperation across a wide range of issues, including no doubt Iran, and in the context of a possible pledge by Barack Obama to follow through on non-deployment of the anti-missile installations in central Europe, the covert Soviets were asserted to have demanded release of the illegally blocked Settlements funds once and for all. None of this has surfaced in the open reports, which have focused on the urgent need to replace existing bilateral arms reduction arrangements that expire in December 2009.

• Late on Tuesday 7th July, UK time, there were indications of a further ‘it’s on’ sequence in play, with Trustees having been summoned to the payout banks, and so on. These reports continued right up to the time of posting, so we have been unable to verify them at this time.

COUNTRY RECIPIENTS STILL BEING MESSED ABOUT
Meanwhile, furious at STILL being messed around, representatives of a number of payee countries are believed to have travelled to the United States recently, where they made their views known in appropriate circles and language in no uncertain terms. Also visiting the United States recently has been Frau Angela Merkel, the German Chancellor and ‘former’ STASI/DVD operative, who spent her formative years at Marx-Lenin University in East Berlin as the Secretary of the Young Communists’ Agitation and Propaganda Department.

Although we have published this information several times in the past, Merkel’s STASI connections are now surfacing into the public domain, AT LONG LAST. Specifically, on 3rd July 2009, Bloomberg repeated a report in the German newspaper Bild that Chancellor Merkel’s weekend home in the Uckermark region of Brandenburg is being guarded by ‘former’ STASI agents. Brandenburg is the German Federal State that surrounds Berlin. The Brandenburg Interior Ministry informed Bild that it employs 58 ‘former’ STASI officials, Bloomberg’s report added.

STASI OPERATIVE MERKEL IN THE WHITE HOUSE
This woman appeared of late in the Oval Office where, by all accounts, she told the President of the United States what to do, although she is having to tread ‘very carefully’ here. After all, as agent for George H. W. Bush Sr., the head of Deutsche Verteidigungs Dienst (Dachau) in the United States, where one of the CIA’s headquarters buildings is named the ‘George Bush Center for Intelligence’, she is in a position, if not to stamp her jackboots, at least to crack the financial whip.

She is in a position to do this because Deutsche Bank acquired the derivatives clearing facilities of JPMorganChase, which is the custodial bank for all the corrupt banks involved in the Settlements equation. Operationally, these institutions work together, but at the same time, their relationship must be as fraught as that between the US and the German Governments, since a credit default at any time could cause a cascade of defaults, or defaults could be the result of other defaults; and both Governments can therefore bring pressure to bear on the other across a very wide range of issues, in an environment of almost unbearable ‘Black’ tension.

Underlying this symbiotic relationship ‘made in hell’ are the following realities:

• Frau Merkel continues as Bush Sr.’s paid (bribed) agent and serves the interests, therefore, of the Bush-Clinton-CIA-DVD Financial Crime Syndicate.

• At the same time, Frau Merkel likewise represents the fraught interests of Deutsche Bank and Commerzbank, which have accumulated colossal volumes of derivatives ‘assets’ since 1984. The volume of such trash held by these corrupt institutions is far greater than the total volume of derivatives held in the whole of the United States, by an enormous order of magnitude.

• The worn phrase ‘hoisted with your own petard’ springs to mind.

ROOTS OF EXTREME TENSIONS BETWEEN THE U.S. AND GERMANY
Therefore, the tension between Washington and Berlin is so great that it is safe to say that both countries have the immediate capacity to destroy the other, with ironically the Germans being far more vulnerable to a real catastrophe even than the United States in terms of the sheer volume of junk assets held by the big German banks. (On top of which, Merkel faces an election soon, with her odious colleague, Herr Steinbrück, the German Finance Minister, breathing down her neck).

This means that there is an extremely delicate balancing act that both sides are forced to play, as they jockey for influence over each other and connive to take ridiculous measures to prevent the collapse of the entire global banking system.

Quite simply, these two powers are caught in a ghastly embrace of their own making (or rather, thanks to the CIA/DVD) – which accounts no doubt for the arrogance with which the Godfather laughed at the whole world at Kennebunkport in June, when he parachuted out of a plane to demonstrate that nobody has the guts to interfere with his parachute: which was meant to tell everyone: I AM IN CHARGE AND THERE’S NOTHING YOU CAN DO ABOUT IT.

PROSPECTS FOR A DEVASTATING FINANCIAL COLLAPSE
In reality, the entire top-heavy house of toxic cards that George H. W. Bush Sr. has conjured into existence as a consequence of the illicit trading of stolen and multiplied assets by the Intelligence-Crime Syndicate since 1984, is sitting astride a razor blade and could come crashing down on him and every single one of his layers of co-conspirators at any time, cutting all of them up into small pieces. A commercial property crash is imminent whether these people come to their senses or not. Faced with this state of affairs, the Crime Syndicate imagines, unbelievably, that it can revert, after multiple con-tricks and manipulations, to hypothecation ‘business as usual’ – so long as NOBODY ROCKS THE BOAT. Hence Ms. Waymark’s original observation to the Editor of this service:

‘None of this must come out, you understand’.

In the light of recent developments, it appears that earlier reports of some payments having been made were false. As previously mentioned here, given the deliberate and persistent dissemination of falsehoods by those with an interest in covering up the serial financial and other abominations and thefts, so as to avoid being sent to jail for tax evasion, everyone ‘in this business’ is liable to be deceived at some stage. But according to both ‘underground’ and ‘overground’ sources, no parties have been paid – least of all following our exposure dated 1st July, in which we revealed that a crude attempt had been made to push ‘Negotiated Settlements’ onto the table, backed by an arrogant ‘take it or leave it’ attitude.

• Apparently after we exposed this latest ruse, everything from the White House’s duplicitous perspective ‘went into free-fall’. There was also US official alarm at the fact that we have had to pass certain files detailing evidence of financial fraud, to Thames Valley Police (Special Branch).

PATIENCE EXHAUSTED: EXPOSURES BEING PLANNED
To which the short answer is: if you mess people about and lie to them on an open-ended basis, and you make the mistake of imagining that you can continue to behave like this with total impunity, eventually those with shorter fuses will get fed up and will take appropriate unilateral action. Which is what we have announced we intend to do. But here again, our words have been twisted by one or two people who think they can tell us what to publish, and when.

On 1st July 2009, we simply reiterated what certain parties had been advised earlier, namely that the 1st July 2009 (close of business) deadline mentioned was NOT BLUFF, but that thereafter we will be collaborating with certain parties to ventilate hard, detailed exposure information which will ‘burn’ key perpetrators, operatives and other malefactors by name and in detail.

These reports, sourced from contacts, will be backed by Affidavits to provide the Editor of this service with protection, and will NOT be contingent upon payment of Settlements funds. Obviously if that were to take place, the matter might be reviewed; but given that no undertakings by US or for that matter complicit European (including ‘Head of State’) provenance can, on the basis of past experience, be relied upon, we and associates are no longer prepared to be lied to for the rest of our lives, and fully intend to deploy the power of exposure to maximum effect.

THE DIALECTICAL YING-YANG REDIRECTION ROUTINE
Since one or two people have taken it upon themselves to hassle us on this score, the Editor points out that when we have the material, we will edit and publish it. We ourselves are not engaged in assembling the researched materials: we are waiting for them to be provided to us.

In the meantime we will be continuing with regular reports, although there is every likelihood that these may be pushed to one side as the exposure operation acquires momentum. As the criminal operative Lenin taught, the ONLY weapon that the criminal operatives fear is exposure: and one reason for this is the standard criminal intelligence community norm that there are only two rules:

(1) Don’t steal what your fellow rival criminal operative has already stolen; and (2) don’t get caught. Because if you get caught, we won’t help you. On the contrary, we will probably make extra certain that you’re locked up in the Gulag for the indefinite future so that you can’t expose US.

Before going any further, a few considerations on the use of the dialectical method of throwing sand in our faces, may be appropriate here. By now, the manipulators will have cottoned on that not everybody is fooled ALL of the time by their endless lies and wheezes. This realisation makes life more problematical for them, as they have to work harder to swat nasty bugs like the Editor of this service, which keep popping out from behind the filthy curtains.

However, the reality that the abused American people, and their sympathisers abroad, after years of being lied to, are better informed about the fact that they ARE being lied to on an open-ended basis, does NOT actually change the behaviour of the manipulators. As you will have noticed, they continue with their ying-yang dialectical ploys: On Tuesday/Wednesday, Obama intervenes to stop the payments (depressing expectations); on Saturday, he issues Executive Orders requiring their completion within 72 hours (raising expectations).

THE THEFT COVER-UP DISINFORMATION BARRAGE
Hence, the fact that virtually everyone who is aware of this corruption has come to recognise the ying-yang procedure as a sordid routine ploy, does not make the manipulators think twice about continuing with this deception technique. On the contrary, whether we understand the cynical mind-games they are playing or not, is a matter of indifference to them. Because even if we DO understand what they are up to, their technique STILL WORKS.

Recall that when threatening the Editor of this service in 2004/2005 with fabricated false witness, the veteran British MI6-linked ‘journalist’ Gordon Thomas uttered a phrase as memorable as the warning conveyed by Gwendolyn Waymark restated above:

‘It doesn’t matter that it’s not true. All that matters is that it’s OUT THERE’.

Hitherto, we’ve refrained from mentioning that with this single remark, Gordon Thomas destroyed the credibility of everything he has ever written and published throughout his professional life, including, for instance, his study of Mossad.

With the grave and accelerating deterioration of this crisis, our own stance has had to change. Those who are preparing to supply us with the necessary exposure material, which takes a little time to put together, have accepted that these exposures should have been triggered a long time ago. They have understood this, because the manipulators have gone several steps too far. One can perhaps accept modified undertakings half a dozen times: but when promises are blatantly broken more than that, the reaction can be harsh. An uncompromising response to these cynical manipulators and provocateurs is what is called for at this juncture: and, having been at the receiving end of provocations designed to shut us up, this service stands ready to oblige.

OTHER RELATED AND RELEVANT WORLD REVOLUTION DIMENSIONS
One or two people seem to think they can tell us what to publish, and what not to publish. This is a novel doctrine: that armchair parties with whom we have and never will have any relationship and who pay this commercial enterprise nothing at all, think they can order us around!

Apparently what these shallow people take exception to is our exposure of separate dimensions of the World Revolution through which we are living, other than the issues surrounding the Financial Fraud Ponzi scams and thefts. In the first place, we do not ‘work for’ these people; and secondly, we don’t ‘work for’ anyone at all, contrary to what some people with a narrow, compartmentalised mentality, appear to believe.

Further, while it may appear to the uninformed that certain social and spiritual issues are ‘not related’, they most definitely are. Be very mindful, please, that you don’t skip what now follows.

BEHIND MICHAEL JACKSON’S ‘SUDDEN DEATH SYNDROME’ EXPERIENCE
That ‘sudden death syndrome’ experienced by a creature fond of making satanic hand signals called Michael Jackson: was it an accident? His body is evidently to be buried in a $15,000 gold-plated coffin encased in concrete. Now why on earth would this be necessary?

The increasingly scurrilous and revolutionary London Daily Telegraph carried a photograph of this ghoul on 28th June (page 9), sticking his left hand up with the two index fingers making a variant of the familiar devil’s salute so favoured by George W. Bush Jr., Mrs Laura Bush, Elizabeth Taylor, Dan Quayle, General Tommy Franks, Silvio Berlusconi, King Abdullah, and now Sarah Palin.

But Jackson, this repulsive, decadent paedophile, a protégé of Elizabeth Taylor, wasn’t just a ‘pop phenomenon’ that erupted out of nowhere, bamboozling and depraving millions of ignorant and gullible sheeple with his overtly pornographic, paedophiliac and filthy narcissism.

No. He was ‘an operation’: and who do you suppose was his ultimate ‘controller’? Think of someone who stands for wall-to-wall depravity and the Works of Darkness to whom we refer in every report. You got it in one: George Herbert Walker Godfather-Satan Bush Sr.. This fact is quite well known among Los Angeles area showbusiness cognoscenti, who point to certain real estate connections.

Michael Jackson was also reported as having ‘assisted the CIA’ with ‘Operation Clydesdale’, which was ostensibly concerned with exterminating criminal paedophile gangsters operating in Eastern Europe. This ‘line’ implies a further ‘connection’ with the Bush Criminal Syndicate, and would have been intended to cover Mr Jackson’s active participation in paedophile operations run by a cadre within the corrupt and depraved Intelligence Power, motivated by the notorious CIA objectives of (a) furthering depravity and (b) generating streams of ‘Black’ CIA funding in the process.

GHOULISH CREATION OF THE BUSH CRIME SYNDICATE
Michael Jackson was a creature of the Bush-CIA/DVD Crime Syndicate, a money-making ‘platform’ operation which – like the later J. K. Rowling Harry Potter committee-written, witchcraft-teaching, child-depraving operation directed by a filthy revolutionary cell inside the ‘Black’ components of British counterintelligence – was framed with just two objectives in mind:

• To maximise the revolutionary potential for calling good evil, and evil good, in order to generate mass multiple personality disorder among our children and young people so as to satisfy depraved revolutionary mind-control objectives and to enlarge the pool of children ‘available’ for abuse.

• To establish a money cow and a consequent flow of funds for ‘platform’ trading purposes.

DANIEL FINKELSTEIN’S INANE INTERVENTION
A ‘sorcerer’ who writes in The Times, London, called Daniel Finkelstein, a grinning, self-satisfied fellow who thinks he has life ‘sussed’, filled the whole of page 22 of this particular Murdoch rag on 1st July 2009 with a ‘thoughtful’ article entitled ‘After Jacko’s death, we know the War is Over’.

What war? Oh, the Culture Wars, of course! Finkelstein’s instrumental (and ignorant) theme was that ‘the Culture Wars have been won’ – that the generation of the ‘sixties is in full charge, and old fogies such as your Editor who missed the ‘sixties, thank goodness, are about die off, so they don’t count. ‘We’re all (depraved) pop fans now’, this revolutionary Useful Idiot, who is something to do with the so-called ‘Conservative’ Party (see below), proclaimed. ‘War is Over’.

Well, not so far as we and everyone we know are concerned, it isn’t. Just because a whole feckless generation has been brainwashed by Workers of Darkness into calling good evil and evil good, that does not mean to say that the War is Over. On the contrary, what it signifies is that the war has to start over. Wide indeed is the path to destruction, and narrow is the way to salvation; and few there be that choose that way (1). You can assess Whom we paraphrase here.

As for Jackson, let’s revert briefly to his experience of ‘sudden death syndrome’. It has been put to us by the informed sources who made us aware of Jackson’s ‘Bush dimension’, that those forces who are engaged in warfare behind the scenes against the CIA-DVD Bush-Clinton Crime Syndicate, eliminated Jackson in order to close down the ‘trading platform’ potential that was associated with this manipulated, depraved paedophile. Recall that tickets for exhibitions of narcissistic Jackson depravity to be launched from the epicentre of geomasonry, London, were being sold for venues throughout the world, out to next spring: a nice depravity-spreading little earner, hey what?

Now despite assurances that the fools who rushed to buy tickets to ogle at this devil will get their money back, what do you think will happen to their money?

• If you imagine they’ll be getting it back, keep imagining. Also, there’s an awful lot of loot to be milked from the death of a devil who’s to be buried in a gold-plated casket encased in concrete. And where have we ever read of bodies being buried in cement? Plus: we WONDER WHY he needs to be buried in concrete. No doubt George Herbert Walker Paedophile Bush knows the answer.

BERNIE ECCLESTONE REVEALS HIS TRUE (BUSH) COLOURS
While on the subject of Bush Crime Syndicate assets, it may be recalled that we have previously mentioned the rôle of Bernie Ecclestone, the Formula One (Monaco) commercial rights holder, as a bridge or intermediary/agent between George H. W. Bush Sr. and the disreputable former British Prime Minister Tony Blair. Monaco is a prime CIA money-laundering centre, and London is or was the biggest financial casino in the world.

As widely reported, Ecclestone only had to mention in an interview that ‘Hitler was a man who could get things done’, referencing Herr Shickegrüber’s reorganisation of German (war) industry and the construction of autobahns, to be countered by widespread negative reaction, especially from the Jewish community. Speaking later to the German newspaper Bild, Ecclestone said that ‘this was all a big misunderstanding. I did not put Hitler forward as a positive example, but I simply noted that, before his appalling crimes, he acted successfully against unemployment and the economic crisis’.

Ecclestone added that he had not intended to ‘hurt the feelings of a community… many of my closest friends are Jews’ – most of whom, it seems, do not yet understand that prominent Jews such as Eichmann were directly involved in organising the Holocaust, which was a ghastly ethnic cleansing exercise (see Chapter Ten entitled ‘The Thousand-Year Reich’ in the Editor’s book The New Underworld Order available via the Edward Harle Limited books section of this website).

But the key point here is that Ecclestone has now revealed how precisely he fits into the Nazi environment inhabited by the Bush Crime Family, of German Jewish extraction.

• At Dachau, the heirs of the Nazi Abwehr and Jewish intelligence cadres of similar persuasion collaborate, which is THE Big Secret. And of course organised sport, huge spectacles (such as Michael Jackson) and organised ‘art’ are extensively exploited as money-laundering conduits. Mr Ecclestone’s name has been mentioned in connection with drug-trafficking operations.

‘COMMON PURPOSE’ CAMERON’S MINDLESS PC ‘GAY PRIDE’ BEHAVIOUR
We referenced above the so-called ‘Conservative Party’, which is run by a fellow called David Cameron. This brainwashed young operative is a disgrace to the Editor’s wonderful school, Eton College. Like the British Ambassadors to Warsaw and Sofia who have nothing better to do these days than to disseminate ‘Gay Pride’ greetings to orchestrated displays of aggressive homosexual revolutionary narcissism in the capitals to which they are accredited, Cameron was reported on 3rd July to have ‘publicly apologised for’ Section 28, the law introduced by the Thatcher Government banning local authorities from PROMOTING homosexuality.

In other words, this Useful Idiot, which is what Lenin would have called him, thinks IT’S A GOOD IDEA FOR LOCAL AUTHORITIES TO PROMOTE SEXUAL DEVIANCY.

Specifically, speaking at a ‘Gay Pride’ event, Mr Cameron said: ‘I am sorry for Section 28. We got it wrong. It was an emotional issue. I hope you can forgive us’.

No, Mr Cameron, it is YOU who has got it wrong, you lily-livered, amoral vote-grubber. You have no convictions of your own: your mind is a Common Purpose-stuffed mind, full of ‘politically correct’, i.e. INCORRECT, platitudes and panaceas which fill the gap in your apparently ‘hollowed out’ soul.

You aspire to be Prime Minister of what remains of the United Kingdom on a platform of calling good evil, and evil good. You have lost not only this Editor’s vote, but those of the very large numbers of British voters who follow this website.

• We can see from your craven cowardice and submission to the revolutionary preoccupation with turning everything upside down, that you are not to be trusted as Prime Minister.

THE ‘CONSERVATIVE’ PARTY AND E.U. CORRUPTION
Mind you, your Party has shown itself to be completely untrustworthy across an entire spectrum of issues, starting with its equally craven acceptance of the status quo in Europe – including that idea that it’s OK that we should continue to pour billions into the European Commission, the accounts of which have been qualified now for FOURTEEN YEARS RUNNING.

• It is ILLEGAL for public moneys to be paid to a criminal enterprise, didn’t you KNOW THAT?

• The fact that your fellow Useful Idiot Gordon Brown is content with this corrupt state of affairs, notwithstanding that if Value Added Tax receipts paid over to the Brussels criminal enterprise were diverted to the Treasury, his financial problems would be resolved in short order, doesn’t excuse YOU from not grasping this self-evident reality.

GORDON BROWN RISKS EXPOSING HIMSELF AND ‘FRIENDS’
Naturally, where Cameron featured in this ‘love-in’ with the aggressive revolutionary homosexual lobby, the ‘challenged’ Gordon Brown wasn’t far behind. So, on 2nd July, the British Prime Minister told ‘Gay Pride’ marchers that his policy on homosexuality was that ‘you can’t legislate love’. He should tell that to his ‘rivals’ Tony Blair and Lord Mandelson!

He made this fatuous comment in a message to ‘Gay Pride’ marchers. And on 4th July, his wife, an operative, was reported in the UK media to have ‘joined thousands of revellers including Michael Cashman, a Labour Member of the European Parliament and former EastEnders sit-com actor and his ‘partner’ Paul Cottingham’ in ‘Pride London’, ‘the annual gay parade through the capital’. Also separately observed at such a revolutionary event was Cameron’s equally deluded ‘Conservative’ fellow Old Etonian, Boris Johnson, the Mayor of London, who was formerly MP for Henley.

Ironically, it has been a bishop from Pakistan, of all countries, namely the Bishop of Rochester, Dr Michael Nazir-Ali, who has been called to rebuke the reprobate and wayward political, church and revolutionary establishments in Britain, which is sliding so rapidly down the drain that there won’t be anything left to see in a few years’ time. Dr Nazir-Ali correctly asserts the central fact that truth is not malleable, to be bent in order to accommodate those who can’t face up to it.

• Which is the standard line of revolutionary reprobates such as Derek Munn, the Director of Public Affairs, no less, for Stonewall, the militant homosexual campaign group.

MUNN’S FALSE APOLOGETICS FOR DEVIANT MEN
In the lead story coverage given to this sordid issue on the front page of The Sunday Telegraph on 5th July, Munn waffled: ‘It is unfortunate that in 2009, a church leader should continue to promote inequality and intolerance…’.

• Have you identified the deceit and lies contained within these few words?

First of all, what has 2009 got to do with it? Have the truth and good been amended to fit in with the fashionable preferences of people living in 2009? Note also the embedded weasel implication that a healthy attitude towards sex is passé.

What is has always been clearly unhealthy and extremely dangerous (apart from being disgusting if you stoop to think what these people do to each other), is OK in 2009, for some reason. Presumably this Mr Munn thinks we have ‘grown out of’ boring righteousness. We don’t need it any more. His approach, of course, represents relativism gone mad; and what he is actually mouthing is the age-old delusion that Man is in charge here, not God. (Vide the Book of Genesis, and the Apostle Paul’s Epistle to the Romans, Chapter 1). Man (i.e. Munn) can make up his own mind what is good and what is evil; and then, having called good evil and evil good, is entitled, Munn-Man asserts, to RAM HIS PERVERSIONS DOWN EVERYONE ELSE’S THROAT.

As for the rest of his sentence, who is promoting inequality? Inequality implies that at least two entities have to be compared. What is being compared? Like all these muddled and brainwashed operatives, he doesn’t define his terms. A Bishop upholds Biblical teaching, and this somehow represents ‘inequality’.

What Munn really meant was that he wants carte blanche to fornicate with someone of his own sex, and the Bishop is trying to stop him. Actually, what the Pakistani Bishop called for was repentance.

If Mr Munn and his associated men prefer not to repent, there is no compulsion on them to do so. (They will pay for their arrogance later – see above – but that is their own lookout).

In the meantime, we do not need to witness Munn’s Man-movement’s contrived ‘outrage’ at being told that the course they are following is the broad way towards perdition. That is the truth of the matter and they are welcome to ignore it. But just as they can ignore the truth if they so wish, so we may ignore their raving, contrived revolutionary ‘requirement’ that we should all stop and marvel at their perversions. We don’t need to know about them at all, but for some diabolical reason these particular revolutionary Useful Idiots have been mass-brainwashed into assuming that we do.

SIMULTANEOUS ‘GAY PRIDE’ EVENTS ALL OVER THE WORLD:
WELCOME TO THE WORLD REVOLUTION
Has it ever occurred to you that this is a World Revolutionary operation? How come that ‘Gay Pride’ marches erupt in New York, Washington, Seattle, Los Angeles, Tokyo, Warsaw and Sofia all at the same time – when a few years ago, and for a hundred millennia before that, they never took place?

Ask yourself, likewise, what lies behind the ‘in-our-face’ depravity of manufactured, manipulated ghouls like Michael Jackson? The only satisfactory outcome for this truly pathetic creature who contributed so much to the collapse into obscenity, is that he’ll spend the rest of eternity encased in concrete. That’s quite a proxy for what hell has to offer for all those who follow the broad way to perdition by perversely insisting that good is evil, and evil good. And that goes for the millions of deluded ‘fans’ who have been worshipping this fallen, dead idol, and have been cravenly pouring money into the pockets of the Bush-Clinton CIA-DVD Crime Syndicate in the process.

BARROSO BEING PUSHED FOR A NEW E.C. TERM
While on the subject of revolutionary perversions, the little Portuguese President of the European Commission, identified as the senior EC official who ‘chose’ five-year-old Madeleine McCann to be his plaything, is being heavily pushed by the Great Brainwashed also known as the Dark Forces within the European Union Collective, to serve a further term as the President of this institutionally corrupt criminal enterprise. This is happening DESPITE the fact that this nasty little fellow has been exposed as a paedophile, with our report dated 20th September last year in which this exposure was featured duly blocked by censors in Portugal, according to this service’s informants.

The point to be stressed here is that such perversity reflects a common characteristic of these operatives. When you stamp on them, it has no effect. And when you expose them, they re-emerge as an equally bad smell somewhere else.

It is hard for normal observers to comprehend this abnormal behaviour: but it is consistent with what we have observed over the years in confronting intelligence-linked Workers of Darkness. The point was made by Paul in Chapter One of his Epistle to the Romans, where, after his description of the perversions with which we are all familiar these days, in verses 18-31, he concludes:

‘… who knowing the judgment of God, that they which commit such things are worthy of death [viz, spiritual death] not only do the same, but HAVE PLEASURE IN THEM THAT DO THEM’ (3).

OPERATIVES IN CHARGE TODAY THREW TV SETS OUT OF WINDOWS IN THE ’60S
To revert to the havoc wreaked by the Western Governments, led by the Americans and the British, as they continue perversely to pursue flawed economic and financial policies that are diametrically opposed to common sense, some hard economic numbers culled from around the world, itemised (for Britain and the United States) below, show how expertly they have contrived to destroy almost all the furniture in the room.

This is hardly surprising, since as Mr Finkelstein has so helpfully reminded us, the people running our governments today were hippies and Useful Idiot flower children with daisies in their hair and hashish in their pockets, in the 1960s. And one of their favourite pastimes in those evil days was throwing television sets out of windows.

Metaphorically speaking, these people are throwing television sets out of windows to this day. Offered a choice between pursuing sound finance and embarking upon a slide towards the abyss, they have of course made the latter selection. Whether these deviant choices reflect arrogance, ignorance, perversity, weakness of character or sheer bloody-mindedness, is hard to say.

WHY EUDEOLOGUES BUTTRESS BROWN TO PREVENT AN EARLY ELECTION
Gordon Brown’s domestic political situation is so weak that the ‘builders of Europe’ are desperate for him to cling to office at least until the New Year, because the confused ‘Conservatives’ appear to be on the verge of doing just one thing right: holding a referendum on Britain’s relationship with ‘Europe’ if they are elected and the Lisbon Treaty hasn’t been ratified by then (which they clearly anticipate it will have been). That, the EUdeologues calculate, would sink the European Union Collective’s Lisbon Treaty, which effectively destroys the residual national sovereignty of the satrap European nation states that have fallen into this long-range pan-German trap (2).

Although the German Constitutional Court has demanded legislation which will give supremacy over European Law to the Bundestag, so that the Lisbon Treaty may be in jeopardy ironically from the Germans themselves (as the Irish are being browbeaten into changing last year’s ‘NO’ decision in a new ‘change your mind’ referendum this autumn so as to deliver the answer that Brussels requires), a British General Election this autumn is regarded as the greater threat.

As a consequence, the obsequious Europeans were reported to be sucking up to Brown, first at a one-day Summit meeting with President Sarkozy at Evian, France on 6th July, and secondly at the Group of Eight meeting in L’Aquila, Italy four days later.

Specifically, President Sarkozy’s chief foreign policy adviser, Jean-David Levitte, a top French intelligence operative and the former French Ambassador to Washington, has ludicrously started praising Mr Brown to the skies, substituting ‘entente formidable’ for ‘entente cordiale’ in a replay of the tired and discredited mind-games that the Americans routinely play with the moribund Anglo-American ‘Special relationship’.

According to diplomatic sources cited by The Times, London (6th July):

‘Mr Brown’s position with European leaders is enhanced because they fear that a leadership challenge and early election could sink the treaty, which is due to come into force by Christmas. The Conservatives are committed to a referendum if they are elected before it is ratified’: and since any referendum on British’s relationship would yield a decisive NO (as we hate this German trap), Gordon Brown is co-conspiring with the Continentals to frustrate the wishes of the British people and to destroy the sovereignty of our nation. As for Cameron, he’s agnostic on this score.

BROWN’S MIND IS A TABULA RASA
And as for Brown’s contribution to the resolution of the global crisis, his mind appears to be a total blank. In the G-8 context, Mr Brown was said to be intending to ‘sound a wake-up call for the world economy’, against the background of a 75% increase in oil prices this year, protectionist measures which are adding to the de facto collapse of trade and business (see below) and the total failure of banks to restart lending because (which remains unstated) the banks are mainly in fact bust.

And the reason that many are bust is that they hold vastly more in trash (derivatives and subprime junk) than in cash, as would be revealed if proper accounting principles were to be applied.

PROPER ACCOUNTING WOULD SHOW BIG BANKS TO BE BUST
If a proper accounting of the big banks’ positions were to occur, most of the Big Names would be exposed as bankrupt. Private bankers are concerned at the prospect of 25% capitalisation, as many are holding more derivatives and sub-prime non-assets than cash. These are all on the short-term side of the balance sheet.

A proper accounting of short-term liability ratios would reveal that a large number of banks are bust and therefore (as we have argued before) completely surplus to requirements, let alone to the needs of the real economy. That a cull of Big Banks will occur is a certainty.

Given this horrifying state of affairs – which has arisen exclusively as a consequence of the speculative and illicit Fraudulent Finance operations conducted during the free-for-all that has raged since 1984 – the only way many of these banks (which offer only one product: DEBT) can hang on, is by behaving as though their derivatives portfolios represent real value, contrary to the objective reality that they are largely worthless. In their increasingly desperate attempts to remain ‘relevant’, some ‘Big Names’ are therefore coming up with ‘new wheezes’, as though what they are doing is ‘innovating’ again – whereas the harsh reality is that they are trying to stitch new clothing together in a hurry to cover up their nakedness.

BANKS CONTRIVE DESPERATE NEW SURVIVAL WHEEZES
Hence on 6th July, The Financial Times (which now suddenly costs TWO POUNDS A COPY in a time of ‘deflation’, by the way) carried a front page report entitled ‘Banks reinvent securitisation to cut capital costs’, beginning with the following paragraph:

‘Investment banks, including Goldman Sachs and Barclays Capital, are inventing schemes to reduce the capital cost of risky assets on banks’ balance sheets, in the latest sign that financial innovation is far from dead’.

‘The schemes, which Goldman refers to as “insurance” and BarCap calls “smart securitisation”, use different mechanisms to achieve the same goal: cutting capital costs by up to half in some cases, at the same time as regulators are threatening to force banks to increase their capital requirements’.

‘BarCap’s structures involve the pooling of assets from several clients into a secured financial product [sic] that can be sold to other investors and rated by a credit rating agency, potentially reducing the capital allocated against the assets by between 10% and 50%’.

‘These new mechanisms are in some respects similar to discredited structured products such as Collateralised Loan Obligations, which were widely blamed for fuelling the financial crisis. But the schemes’ backers argue there are two significant differences. First, they involve the securitisation of banks’ existing assets, rather than of new lending. Second, bankers argue that the new products [sic] do not disguise the transfer of risk’.

Neither do they disguise the fact that banks are desperately trying to shore up their individual houses of cards against the prospect that as this hideous crisis develops vicious characteristics, their cupboards will be found to be bare, and they will collapse. Manifestly, Gordon Brown has no clue how such problems are to be overcome, because, like his American counterparts, he rejects the ONLY SOUNDLY BASED SOLUTION in the circumstances: transparent financial trading on the books. Fear of being caught for tax evasion is rife in the United Kingdom as well, although the penalties are nothing like as draconian as in the United States.

One can also detect that these ‘innovative’ bank securitisation formulae represent elements of a rearguard campaign by these bankrupt institutions to try to generate funds so that when it comes to ‘source of funds’ time, they will have a ready (false) explanation for how the money was ‘made’.

U.S. ‘STATE WITHIN THE STATE’ CLINGING TO ITS ‘BLACK FINANCING’ ‘RIGHTS’
In the US context, we have long since identified precisely where the key problem lies; and in the course of doing so, we have highlighted the reality that there is no power with the guts and the determination to stand up to the predatory and amoral US Intelligence Power, which relies upon Fraudulent Finance and endlessly proliferated sources of ‘Black’ funding, to finance its absolute independence from the decrepit Federal Government, and thus to sustain its malevolent status as the predatory ‘State within the State’, instead of being SUBSERVIENT to the White House.

This analysis is extended in the latest issue of our financial journal, International Currency Review. To understand the crisis in the United States, one must first be aware of the forces that sustain it. And since Geithner, Obama, Bernanke and Clinton are beholden to and are either operativesof, or assets of, the Intelligence Power which has usurped the Presidency (by placing its own operatives in the highest slots), there is at least an underlying rationale, beyond terror at being sent to jail for tax evasion, for the disastrous financial and economic course that the Obama Government is hell-bent on pursuing – creating mountains of debt on the other side of the ‘cash for trashets’ equation, all of which are TOTALLY UNNECESSARY because if financial trading operations were finally to be conducted openly and transparently ON THE BOOKS and EXCLUSIVELY in the private sector, its proceeds could be taxed at 35%, triggering a massive ongoing waterfall of on-the-books accruals to the Treasury without the US authorities needing to incur a single cent of additional indebtedness.

It follows that the perverse refusal of the Obama White House and the Geithner Treasury to pursue this course, which was agreed upon by the Group of Seven Financial Powers in 2007, pleaded for by The Queen when she informed them that the Dollar System on-the-books Refunding should go ahead ‘for the sake of the whole of humanity’, and which has been extensively expounded by this service, represents nothing less than:

• A wilful act of Financial and Economic Terrorism committed by the American Government against its own people, by burdening US taxpayers with vast accumulations of toxic background Treasury debt that is TOTALLY UNNECESSARY. To complain that this behaviour is brain-dead would be much too polite. It is recklessly irresponsible.

• The White House may not LIKE the CORRECT SOLUTION because it deprives corrupt officials and office-holders of opportunities for self-enrichment, and risks exposing multiple co-conspirators to prosecution for past tax evasion and money-laundering: but the CORRECT SOLUTION would quickly finance everything that Obama SAYS he wants to achieve.

OBAMA COMPARED TO A MAGICIAN (SORCERER)
Which reminds us again that the first-rate academic thinker, Professor Michael Hudson, has put his perceptive finger on who we should be comparing Barack Obama with: namely, a magician, a.k.a. a sorcerer. In Hudson’s recent analysis for Global Research, the Professor pointed out that there is a total disconnect between what Obama says, and what he does (the double-mindedness dimension, a.k.a. the dialectic, again):

‘The disconnect is not accidental. Its rhetoric follows the strategy of a stage magician whose patter talk serves to divert attention away from what his hands are actually doing’.

• Like Tommy Cooper, the great, late British comic magician. When our Tommy had a heart attack on stage, and fell down dead, the audience roared with laughter.

• THEN THE CURTAIN CAME DOWN WITH A DEAFENING THUD.

‘STIMULUS’ AND STATE MONIES HELD UP BY SETTLEMENTS IMPASSE
Speaking of which, it’s curtains in California, where Governor Schwarzenegger has announced that he’ll be shutting his State Government offices on the first three Fridays of every month (shades of Britain’s ‘three-day week’ in the early 1970s under fellow Nazi stooge Edward Heath), and has also declared a fiscal emergency.

He’s had to do that because the money allocated from the Settlements for the States had not been paid by the beginning of July: similar situations are reported from a total of 22 American States, we understand. US States are not allowed to run unfinanced deficits, and must balance their books.

Likewise, barely 10% the Obama-promised so-called ‘Stimulus Money’ had been forthcoming, either.
Neither the money for the US States nor the bulk of the ‘Stimulus Money’ can be paid out until the Settlements funds are released; and as explained in this report, these funds have hitherto been blocked not only because the controlling US Intelligence ‘State within the State’ is so jealous of its hegemony which is financed by ‘Black’ financial operations that will be rendered impossible when Settlements are paid out, but also because of deep fears that both payees and perpetrators will be vulnerable to mandatory Internal Revenue Service investigations for past tax evasion and money laundering (which is TERRORISM under the Patriot Acts legislation).

SETTLEMENTS IMPASSE DRIVEN BY FEAR OF I.R.S. INVESTIGATIONS
The reason that the US ‘State within the State’ won’t be able to finance its usurped status after the Settlements funds have been remitted relates precisely to the fact that the monies must be paid out transparently ‘on the books’ with TAX PAID at source on remittance, in the context of ‘source of funds’ disclosure – which risks IRS tax evasion and money-laundering investigations.

So, unless the IRS is now instructed by the US Treasury and the White House to turn a blind eye to launching such investigations, this impasse will drive the US economy and the whole world into a hellish economic depression with no historical precedent – notwithstanding the fact that hundreds of trillions of hijacked dollars are sitting ready on the sidelines, continually traded by the criminalist classes, and which should be paid out to end the Settlements stalemate and therefore the overall financial and economic crisis.

Do you suppose that Barack Obama actually REMEMBERS all that empty rhetoric concerning the ‘Stimulus Money?’ As well as the US States not being paid, no other parties have been paid, either: not even the corrupt politicians who are scheduled to be rewarded, we understand, for their serial venality and corruption expertise. Certainly the ‘countries’ hadn’t yet been paid at our press date, contrary to earlier understandings. According to one usually unreliable ‘underground’ source, the money has been placed out on contract – which may have had something to do with the story about the funds disappearing to China, and /or with the statement attributed to Bush Sr., namely that ‘they’ intend to ‘play with’ the money until August.

U.S. OFFICIAL AND BANKING SECTOR UNDERTAKINGS REMAIN NOTORIOUSLY WORTHLESS
It’s probably tautological to reiterate that any foreign government or party entering into financial contract arrangements with the US Government should seriously consider brain surgery. Nothing that any American Government does or says can be trusted. None of its undertakings can be relied upon. American money center banks have a reputation for duplicity, thievery and dishonesty that has to be experienced to be believed. Our researches in the Manhattan Court have confirmed that when we describe specific US financial institutions as criminal enterprises, we do so with impunity because we are not only stating the truth, but are indulging in gross understatement.

Nothing that US agencies and spokesmen say or publish these days can be believed. The entire edifice of the US Government has been polluted by the lies, disinformation, mind-games, MK-Ultra operations and other Psy-Ops. depravities perpetrated daily against the American people by the arrogant Intelligence Power which controls the US Government as a malevolent ‘State within the State’. And these lies and perversions are ALL motivated by ONE OBJECTIVE alone: to bamboozle the American people so as to prevent them from becoming aware that between $300 trillion and $500 trillion has been diverted and stolen: and having been retrieved is sitting on the sidelines while the economy collapses, because the CIA wants to retain its ‘Black financing rights’ and its associates fret about IRS investigations for tax evasion and money-laundering.

PSY-OPS OFFENSIVE DESIGNED TO COVER UP THEFTS
Or put another way: what is so difficult to understand is that the longer these frantic US operatives continue with their cynical mind-games over the Settlement funds which they are under extreme pressure to pay out, the more obvious it has become to observers that the Psy-Ops offensive has one objective only: and it has nothing whatsoever to do with ‘national security’: it’s to throw sand in our faces, to create diversions and to bamboozle everyone concerned, so that the huge thefts and Financial Fraud can continue to be covered up – even though post-Bayou, post-Madoff and post-Stanford, everyone can see that it is only a matter of time before the big fish are finally caught in the resuscitated Rule of Law net themselves.

GRAND JURIES HAVE NOT BEEN SITTING IN VAIN
For according to our sources, the multiple Grand Juries that have been examining myriad strands of the Octopus’s abominations, have not been sitting in vain. The machinery of law enforcement, when it comes to its senses, grinds slowly (unfortunately), but it grinds exceedingly small. The way things are going, it is safe to assume that, notwithstanding the wayward behaviour of this White House and this Treasury, there’s nowhere for the giga-criminals to hide.

• It’s maximum tariff time in the Courts – which just MIGHT make some of these criminal operatives think a little more carefully about whether they really are all that interested in contemplating the natural history of the North American cockroach for decades on end.

Except that their terror of being investigated, indicted and convicted for tax evasion acts as a deterrent to ‘coming clean’ and bringing this catastrophic death march to an end. In other words, the perpetrators are caught in a vice that they constructed themselves: if they settle, they risk being investigated for tax evasion and money-laundering; if they continue stalling, they will wind up being brought to justice as a consequence of the slow-moving, but lethally effective, recovery of the US forces of Law and Order, driven in part by the deliberations of the Grand Juries.

THEY’VE GOT TO PAY TAX ON THEIR RECEIPTS
When, as is inevitable, the stolen and diverted Settlement funds are paid out, the recipients MUST PAY TAX ON THEIR REMITTANCES. The money must be paid ON THE BOOKS, which means that the accruals will be taxed. Co-conspirators of all shapes and sizes, who have been manoeuvring for years to get paid, nevertheless fear that reality.

• Because when they are compelled to pay tax on their payouts, they will have to reveal ‘source of funds’: whereupon they risk being investigated for EARLIER tax evasion. It’s not just that they don’t want to pay tax on any remitted Settlement funds (which they don’t): it’s that they don’t relish being investigated under TEFRA 1986 for evading tax for many years in the past.

THEY WANT THEIR MONEY BUT THEY DON’T WANT AN I.R.S. INVESTIGATION
The hideous dilemma these people therefore face is that they want their money, but they don’t want to be investigated by the IRS and State tax departments.

In this sense, therefore, both payees and perpetrators, the distinctions between whom are often blurred, are stuck in a Terrible Totentanz. Something’s got to give: and because of the accelerating descent into the abyss, which we believe is at the tipping point of running completely beyond any recall, what is going to have to give is that the Settlements are going to have to be paid out: and the payees and perpetrators are going to have to face the consequences.

As for the Rest of Us, we are left to contemplate the devastation that the incompetent fools calling themselves policymakers in our countries have already achieved, after throwing all the furniture and TV sets out of the window because they have been working in lock-step with the corrupted institutions and tax evaders themselves, given that British and US politicians have been bribed to ‘cooperate’ or keep their mouths shut.

For in the real economy, the crisis has only just begun, with a new downwave imminent, if we assume that President Obama’s reputed issuance of Executive Orders last Saturday demanding completion of the Settlements, is yet another bluff and delaying tactic. On the basis of experience, that is the appropriate conclusion to be drawn. Meanwhile the hundreds of trillions of dollars that are needed to reboot the economy are sitting on the sidelines being traded by the crooks and not paid out in order to avoid the likelihood of tax evasion and money laundering investigations.

PREDICTED ECONOMIC DISINTEGRATION MONITORED
In the United States, earnings have declined at an annualised rate of 1.6% in the past three months In May, 467,000 US jobs were lost and time worked was 6.9% lower than a year earlier, dropping to 33 hours a week – a far steeper decline than during the 1990 and 2001 recessions, according to analysts. So far, the United States has lost NINE MILLION full-time jobs during the first leg of this downwave, which reflects the criminal factors identified above.

According to the Centre for Labor Market Studies in Boston, US unemployment has already reached 18.2%, if it is counted according to the former criteria used, compared with the OECD’s ‘harmonised unemployment rate’ reading for March 2009 of 8.5%. But even on that basis, 13.2 million American employees were out of work in that month.

Expectations of employment prospects in the United States, measured on a ‘Future Tendency’ basis, had collapsed from ZERO expectations in March 2008 to MINUS 48% by February 2009. Order books are sparser than for nearly a century, and a business confidence indicator had slumped to a reading of 36% by March 2009 (readings above 50% indicate improving confidence and vice versa).

EVEN THE FED’S CHIEF ECONOMIST IS ALARMED
The vast accumulation of completely unnecessary debt that the Geithner Treasury is accumulating because of its perverse refusal to ‘permit’ transparent on-the-books taxed private sector trading with no Government participation and therefore no official debt creation, is even alarming officials within the Federal Reserve Board itself. In a paper published in 2003, Thomas Laubach, the Board’s senior economist, calculated the impact on long-term interest rates of rising US fiscal deficits and consequently soaring national debt. Applying his 2003 assumptions to the recent developments, he has concluded that US long-term interest rates will soon double from their current level of around 3.4%. This would make it punitively expensive for the Treasury to finance the long-term borrowings that it could have avoided if it had not been headed by controlled puppets of the CIA Intelligence Power and Wall Street (the only product of which is debt).

• Both domestically and globally, profits earned by the world’s largest firms fell by an estimated 34% in the second quarter of 2009, according to Standard and Poor’s, with a further 21% decline expected during the third quarter of this year.

In the United Kingdom, almost 50 graduates are scrabbling for every job with leading employers, compared with 30 last year, while the number of vacancies for them is 25% below the level that was recorded in the third quarter of 2008.

UK Industrial production was running at 88.5% of its year-earlier level last March, while ‘Future Tendency’ expectations for employment that month had slumped to minus 49, compared to minus 13 a year earlier, indicating extreme pessimism surrounding employment prospects at a time when a million school and university leavers will flood onto the labour market this summer and autumn.

A similar ‘Future Tendency’ assessment published by the OECD in Paris showed a reading of – 54% compared with a positive reading of 13% in March 2008, while the level of order books was – 63% in March 2009 compared with +4% in the same month a year earlier, Stocks held by manufacturers had risen to 32% (nobody is buying anything much) compared with 13% in March 2008; while a parallel confidence indicator in the manufacturing sector showed a negative 50% compared with a positive reading of 1% a year earlier. ‘Future Tendency’ research covering the British construction, retail trade and services sectors, revealed huge negative readings of 48%, 38% and 32% respectively, compared with year-earlier findings of – 2%, – 13%^ and +19%.

‘ZERO’ INTEREST RATES TO ENTICE MONEY BACK INTO HEDGE FUNDS
And in both Britain and America (and elsewhere) interest rates have been reduced to near zero, penalising savers as never before, for a reason that has never been revealed: to drive surplus funds back into Hedge Funds as part of the (failing) ongoing rearguard offensive to try to reignite the moribund and false derivatives trading sector, so that the carousel can somehow continue, and the US Intelligence Power can retain its usurped status.

EQUALLY HORRENDOUS DATA FROM ALL OVER THE WORLD
We could blind you with similar numbers relating to countries you may have thought were likely to be sheltered from the storm, including Switzerland where ‘Future Tendency’ surveys have shown negative data for manufacturing sector employment prospects ( – 67%), production ( – 30%), order book levels (down 59% year-on year), confidence ( – 42% year-on-year) and stockbuilding (up to 36%) – all of which represent nothing short of COLLAPSE when compared with year-earlier data.

Equivalent real economy findings for Australia, Austria, Belgium, the Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Italy, Luxembourg, Netherlands, New Zealand, even Norway, Poland, Portugal, Slovak Republic, Sweden and Spain (where unemployment reached 17.4% of) the workforce in March and rose towards 19% subsequently, just like in the pre-boom days) all make terrifying reading. As plants close, pay packets dry up, retail consumption slumps and more factories close, so that more pay packets dry up and more factories close: and so on towards social chaos and actual revolutionary violence in the streets.

SWISS ENFORCEMENT CADRES STILL SEEKING EXECUTION OF WORLD COURT WRIT
Unsurprisingly, given the surprisingly dreadful condition of the Swiss ‘real’ economy, it is mainly Swiss enforcement cadres who, with their Chinese equivalents, are reportedly still engaged in procuring the execution of the World Court Writ that fell due on 1st May and which was handed to President Obama in London on 1st April, according to the relevant and reliably sourced information published by this service WHICH HAS NEVER BEEN CONTRADICTED.

We speculate, in this context, that President Obama will have issued his alleged Executive Orders on 4th July for the releases to take place, in order to provide himself with necessary ‘cover’ during his travels, since the issuance of such orders provides ostensible ‘evidence’ of his intention to settle. But of course we all know that such White House ‘intentions’ are usually devoid of content.

THE MONEY IS READY – BUT SITTING ON THE SIDELINES
And yet hundreds of trillions of diverted, hijacked and overdue Settlement dollars are sitting on the sidelines, being traded by the criminal cadres fronted these days by President B. Obama who issues Executive Orders that his rebellious/cooperating subordinates are at liberty to ignore – on the instructions of the controlling Intelligence Power, which still refuses to let go of its position as a ‘State within the State’ financed by ‘Black money’.

• That factor is at least as important as the fear of investigation for past tax evasion.

• In combination, these forces condemn the world to hell on earth – unless the Settlements are released: which of course this sermon is designed to help procure.

INCOMING MI6 CHIEF EXPOSED BY HIS WIFE
PS. Earlier, we reported that the Germany-oriented Sir John Scarlett, the head of MI6, or the Secret Intelligence Service. (known in the old days as ‘C’), is stepping down this month, and also that he is being replaced by Sir John Sawers, Britain’s Ambassador to the United Nations in New York.

On 6th July it emerged that Lady Sawers had placed a large amount of personal data on Facebook, accessible to an estimated 200 million users worldwide. In addition to pictures of Sawers running around on a beach in bathing trunks, his wife recorded details of their London flat, their children, their circle of friends, and where they go on holiday.

• The Times carried a large cartoon of Sawers standing at the top of the hideous MI6 headquarters building in Vauxhall, across the River, in his bathing knickers.

In response to expressions of the gravest concern, including by Patrick Mercer, Chairman of the House of Commons’ Counterterrorism Sub-committee, Mr Millipede, the little Pole who’s filling in as Foreign Secretary while Gordon Brown clings to office so as to ensure the ratification of the Lisbon Treaty ahead of the British General Election contrary to the wishes of the British electorate but in accordance with Mr Millipede’s own bias, remonstrated on BBC One that it was ‘no State secret’ that Sir John wore Speedo swimming trunks on family holidays, adding:

‘For goodness’ sake, let’s grow up’. Neither is it a State secret that Britain is run these days by a bunch of deluded laid-back jackasses, also referred to by people known to this Editor who move in Government circles as ‘the scum of the earth’.

Of exceptional interest, in view of the widely-held suspicion that the outgoing ‘C’, Sir John Scarlett, is effectively a German stooge, The Times’ report on this wholly unbelievable display of stupidity made passing mention of Lady Sawers’ half-brother, Hugo-Haig Thomas, a former diplomat, who was among those featured in family photographs on Facebook.

The Times’ report added: ‘Mr Haig-Thomas was an associate and researcher for David Irving, the controversial historian who was jailed in Austria in 2006 after pleading guilty to Holocaust denial’. Mr Irving, for reasons not publicised and entirely separate from Holocaust denial, is a repulsive creature. Exposure of this extraordinary intelligence calls into question our earlier hope that Sir John Scarlett’s successor might be someone who prioritises Britain’s rather than the long-range pan-German strategic deception apparat’s interests.

Notes and References:
(1) ‘Enter ye at the strait gate: for wide is the gate, and broad is the way, that leadeth to destruction, and many there be which go in thereat: because strait is the gate, and narrow is the way, which leadeth unto life, and few there be that find it’. Matthew, Chapter 7, verses 13-14.

(2) The European Union Collective represents the realisation of a detailed German political control blueprint developed in Nazi Germany and originally published in Berlin in 1942 in a compendium entitled ‘Europäische Wirtschaftsgemeinschaft’ (European Economic Community), copies of which are held at the Staatsbibliothek, Berlin, and in the British Library, London. The Chapter headings of this Nazi document correspond almost precisely to the subject headings of the Maastricht Treaty of 1992. The EU’s Lisbon Treaty, if ratified, will provide the ‘capstone’ on this long-range pan-German strategic deception operation designed to decapitate the European nation states, and to facilitate German economic and political hegemony.

• Ironically and typically, given the financial crisis for which the successors of the Nazi pan-German Abwehr (military counterintelligence) are largely responsible, Germans have become bored with this monster that their controllers have created in order to satisfy their lust for power and control.

(3) Paul’s list of the abominations with which we are confronted every day as the World Revolution driven by the Workers of Darkness appears to overwhelm us, represents the most devastating condemnation of reprobate human behaviour ever compiled.

• Chapter 1, verses 25-32 reads as follows:

‘Who changed the truth of God into a lie, and worshipped and served the creature more than the Creator, who is blessed for ever. Amen.

For this cause God gave them up unto vile affections: for even their women did change the natural use into that which is against nature:

And likewise also the men, leaving the natural use of the woman, burned in their lust one toward another; men with men working that which is unseemly, and receiving in themselves that recompense of their error which was meet.

And even as they did not like to retain God in their knowledge*, God gave them over to a reprobate mind, to do those things which are not convenient.

[* i.e. they removed religious teaching from the schools – Ed.],

Being filled with all unrighteousness, fornication, wickedness, covetousness, maliciousness; full of envy, murder, debate, deceit, malignity, whisperers,

Backbiters, haters of God, despiteful, proud, boasters, inventors of evil things,
disobedient to parents,

Without understanding, covenant breakers, without natural affection,
implacable, unmerciful:

Who, knowing the judgment of God, that they which commit such things are worthy of death, not only do the same, but have pleasure in them that do 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
• Crimes, General Provisions, Accessory After the Fact [Title 18, USC]
• Currency and Foreign Transactions Reporting Act
• Economic Espionage Act
• Hobbs Act
• Imparting or Conveying False Information [Title 18, USC]
• Maloney Act
• Misprision of Felony [Title 18, USC] (1)
• Money-Laundering Control Act
• Money-Laundering Suppression Act
• Organized Crime Control Act of 1970
• Perpetration of repeated egregious felonies by State and Federal public employees and their Departments and agencies, which are co-responsible with the said employees for ONGOING illegal and criminal actions, to sustain fraudulent operations and crimes in order to cover up criminalist activities and High Crimes and Misdemeanours by present and former holders of high office under the United States
• Provisions pertaining to private business transactions being protected under both private and criminal penalties [H.R. 3723]
• Provisions prohibiting the bribing of foreign officials [F.I.S.A.]
• Racketeer Influenced and Corrupt Organizations Act [R.I.C.O.]
• Securities Act 1933
• Securities Act 1934
• Terrorism Prevention Act
• Treason legislation, especially in time of war.

• Please be advised that the Editor of International Currency Review and associated intelligence services cannot enter into email correspondence related to this or to any of the earlier reports.

We are a private intelligence publishing house and have no connections to any outside parties including intelligence agencies. The word ‘intelligence’ on this website and in all our marketing material is used for marketing/sales purposes only and has no other connotations whatsoever: see ‘About Us’ on the red panels under the Notes on the Editor, Christopher Story FRSA, who has been solely and exclusively engaged as an investigative journalist, Editor, Author and private financial and current affairs Publisher since 1963 and is not and never has been an agent for a foreign power, suggestions to the contrary being actionable for libel in the English Court.

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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.

*VISTA: Virtual Instant Surveillance Tactical Application.

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SETTLEMENTS AND REFUNDING: OR DOLLAR COLLAPSES

FORENSIC ANALYSIS OF DEVELOPMENTS SINCE THE U.S. ELECTION

Monday 5 January 2009 00:01

• The US dollar requires refunding as a matter of the most extreme urgency.

The G-7-Approved Private Sector on-the-books Capital Markets Refinancing Programme, which was criminally blocked against the interests of the American people and the entire world by the self-serving thieves headed by the Bushes, Paulson, Cheney, the Clintons, Greenspan, Bernanke et al from June 2006 onwards, is the ONLY means whereby this can be achieved.

It CANNOT be done from WITHIN the US Federal Government structures, as the Government ONLY CREATES DEBT. The Private Capital Markets Refinancing Programme agreed upon by the Group of Seven financial powers CREATES REVENUE and ONGOING U.S. TREASURY TAX RECEIPTS.

Government and White House structures, being PUBLIC SECTOR, cannot do this.

The crisis that developed from June 2006 onwards is a SPECIFIC CONSEQUENCE of the corrupt decision by President George W. Bush Jr., Henry M. Paulson, Vice President Cheney, Dr Bernard Bernanke, George Bush Sr, Dr Alan Greenspan, and others, to perpetuate the depraved deficit-financing and fraudulent finance/self-enrichment carousel CREATING EVER MORE DEBT that was then hidden off-balance-sheet, rather than proceeding with the REVENUE-PRODUCING SOLUTION using fully taxed on-the-books private sector capital markets transactions that has been ON THE TABLE since 2005/2006 and which is THE ONLY WAY FORWARD FOR AMERICA AND THE WORLD.

Due to the unchecked criminal, perverse behaviour of the highest-level operatives listed above and exposed by this service, the prospect of the weight of derivative junk crashing through the ceiling into the basement and demolishing several of the largest institutions in the world, is no longer academic. If this happens, there will be a global collapse into uncontrollable chaos.

If the incoming Obama Government deviates in ANY respect from the G-7-Approved on-the-books Private Sector Capital Markets US dollar refunding formula, THE U.S. DOLLAR WILL COLLAPSE and THE AMERICAN REPUBLIC WILL NOT SURVIVE. That is the stark reality: the bottom line.

• Be warned. Our predictions, from September 2006 onwards, have been ACCURATE.

• THIS REPORT HAS BEEN UPDATED TO 8TH JANUARY, 2.00PM UK TIME…

• Mr Barack Obama has been using words like ‘oversight’, ‘transparency, and ‘full accountability’, which are NOT words that sink happily into the ears of the giga-crooks whose time is up. On 8th January, he appointed a Chief Performance Officer, Nancy Killefer, formerly of the IRS Oversight Committee and a Treasury performance evaluation expert.

• MADOFF: $1.7 BILLION IN CASH AND LIQUID ASSETS FOUND BY IRVING J. PICARD: The Trustee appointed by the Securities Investor Protection Corporation (SIPC) has uncovered not only the cash sum of $830 million reported below, but also a further $850 million in liquid assets, according to The Times, London, of 8th January 2009. Judge Ronald Ellis has to decide whether Mr Madoff’s activities, including the distribution by himself and his wife of valuables, called heirlooms by the Defendant’s lawyer, Ira Sorkin, when reporting to the Court on 7th January, warrant the revocation of Madoff’s bail terms. Court documents we hold, seem pretty clear on this point.

• OUT OF THE FRYING PAN AND HOVERING IN MID-AIR BEFORE FALLING INTO THE FIRE?

• THE ELITE POWER CONTINUUM’S NEW-OLD CONTROLLING TEAM

• THE PLAN: TO PURPORT TO IMPLEMENT THE G-7-APPROVED REFINANCING SCHEME WHILE IN PRACTICE CONTINUING CORRUPT ‘BUSINESS AS USUAL’: WHEN THE EDITOR SAID THIS ON THE TRANSATLANTIC PHONE, FORT MEADE PULLED THE CONNECTION, MEANING: IT’S TRUE.

• FOR THESE PEOPLE, DEBT IS AN ASSET CONTAINING CASHFLOW THAT CAN BE STOLEN

• ROCKEFELLERS, FACING DISASTER, FORCING BUSH CROOKS TO COMPLY?

• WHY THERE IS NO WAY OUT FOR THE FRAUDULENT FINANCE CADRES

• THE DEBT-ORIENTED ‘NEW ECONOMIC TEAM’ IMPOSED ON OBAMA

• LEON PANETTA FOR DCI? ARE THESE DESPERADOS MENTALLY CHALLENGED? [NEW]

• THE INITIALLY DELICATE POSITION OF BARACK OBAMA

• INCOMING PRESIDENT IS IN A STRONGER POSITION THAN PEOPLE MAY THINK

• PROMINENT RECENT ‘NEUTRALISATIONS’: SEE ‘IN MEMORIAM BELOW

• ‘FEEDER’ PONZI FINANCIER MURDERED TO COVER UP ALPHA CONNECTION?

• PRESIDENTIAL PARDONS WON’T SOLVE THEIR PROBLEM

• THE SECONDARY ‘FEEDER’ FUNDS WERE SEPARATE PONZI FRAUDS

• PERTINENT QUESTIONS FOR THE BENEFIT OF ‘THE INTERESTED’

• LONDON ‘SAFETY LOCK BOX’ RAIDS REMOVED THE COLLATERAL

• MADOFF PONZI CAROUSEL THEN BECAME A PRIMARY SOURCE OF FUNDS

• FIVE-HOUR EMERGENCY MEETING BETWEEN MRS CLINTON AND GEITHNER

• NEW YORK FED AND S.E.C INVOLVED IN THE MASTER SCANDALS

• BIG BANKS REFUSING CLIENTS ACCESS TO THEIR OWN FUNDS (= THEFT)

• OUTLINE INFORMATION ABOUT CAROUSEL TRANSACTIONS

• ‘RETAIL’ INVESTORS’ FUNDS STOLEN TO FINANCE CAROUSEL PONZI FRAUDS

• OTHER HIDEOUS DIMENSIONS OF THE POISON OF THE OCTOPUS

• ‘MAINSTREAM’ AND COURTS CONCERNED, FOR NOW AT LEAST, ONLY WITH THE MONEY ‘IN’

• FACT: NONE OF THIS MONEY HAS VANISHED. IT HAS ALL BEEN STOLEN…

• STANDARD ‘BCCI PROCEDURE’: COLLAPSE THE ‘MONEY MACHINE’, RAKE OUT THE MONEY

• POSSIBLE ISRAELI TIT-FOR-TAT FOR THE BUSH-TRIGGERED MADOFF TAKEDOWN

• STOKING UP ANTI-SEMITISM: A CYNICAL ‘ADDED BONUS’ FOR THE REVOLUTION

• DOUBLE-MINDEDNESS AND THE DOUBLE-CROSS TRADITION

• ‘MADOFF TAKEDOWN’ RELEASED TRILLIONS TO BE STOLEN WITH EASE

• GLOBALIST STRATEGISTS DESTABILISED BY SUCCESSIVE EXPLOSIONS

• UNPRECEDENTED ADMISSION BY THE IMF MANAGING DIRECTOR THAT ELITE IS TO BLAME

• BANKS HOARDING MONEY IN CASE DTC GUARANTEES ARE CALLED

• CORRUPT ‘BUSINESS AS USUAL’ PLANS IN DISARRAY

• SUCCESSIVE WAVES OF DEFAULTS OUT TO 2012-2014

• THE STRENGTHENING OF BARACK OBAMA’S POSITION

• THE FATE OF DELUDED HOLD-OUTS AGAINST THE SETTLEMENTS

• SHOUTING MATCH OVER PAYOUTS TO U.S.-BASED RECIPIENTS

• UGLY SITUATIONS FACING KEY PLAYERS

• DECISION TO APPLY THE ‘BCCI/ICELAND/ENRON TREATMENT’ TO MADOFF

• BELATED OPERATION TO DISCREDIT PRESIDENT SARKOZY

• WHAT PRESIDENT BUSH JR. WAS REALLY UP TO IN BAGHDAD: TRYING TO STEAL MONEY

• NO DENIAL OF THE MORGAN STANLEY TERRORISM FINANCING CENTER

• AL-QAEDA WILL HAVE TO BE CLOSED DOWN: BY BARACK HUSSEIN OBAMA

• FOLLOWING OUR MULTIPLE EXPOSURES, DVD NOW SAID TO BE ‘BITTERLY DIVIDED’

• DVD’S BRUSSELS BLACKMAIL UNIT AIMED AT EUROPEAN COMMISSIONERS: DG1-X

• THE MADOFF HYDROGEN BOMB EXPLODES

• MADOFF RECRUITED BY, AND ‘WORKED FOR’, BUSH/CIA PONZI CRIME APPARAT

• ‘MADOFF TAKEDOWN’: A VAST SMOKESCREEN ‘PROTECTING’ THE GIGA-CROOKS

• MADOFF ‘CHANGES THE SUBJECT’, WHILE LAW ENFORCEMENT SITS ON ITS HANDS

• THE PRIMARY ORIGINAL DOCUMENTS FROM THE MADOFF COURT FILES

• MADOFF BANK ACCOUNTS WITH JP MORGAN CHASE AND BANK OF NEW YORK MELLON

• MORE BANK OF NEW YORK MELLON BANK ACCOUNTS COME TO LIGHT

• EXPERT ADVANCE WARNINGS ‘DISREGARDED BY THE S.E.C.’

• HEAVILY PROMOTED STAR WITNESS FAILS TO APPEAR: WAS HE THREATENED?

• PARALLEL INTERVENTION OF THE SECURITIES INVESTOR PROTECTION CORPORATION

• IF YOU THINK YOU’RE A VICTIM, THE FBI WOULD LIKE TO HEAR FROM YOU

• INTERIM LIST OF ‘MONEY IN’ LOSERS ARISING FROM THE COLLAPSING
OF THE MADOFF COMPONENT OF THE GLOBAL PONZI MONEY MACHINE

• FORMER PRESIDENT CLINTON FORCED TO REVEAL HIS ‘DONORS’

• PARTIAL LIST OF CLINTON FOUNDATION ‘DONORS’

• CONCLUSION: U.S. DOLLAR REFUNDING MUST PROCEED AS DEMANDED BY THE G-7

• THE ORIGINAL PONZI SCHEME EXPLAINED: AGAIN, IN CASE YOU MISSED IT EARLIER

• LIST OF U.S. STATUTES, SECURITIES REGULATIONS AND LEGAL PRINCIPLES WHICH THE CRIMINALISTS, ASSOCIATES AND ALL THE MAIN FINANCIAL INSTITUTIONS HAVE FLOUTED

• THE COPYRIGHT OF THIS ARTICLE IS OWNED BY WORLD REPORTS LIMITED: ALL RIGHTS ARE RESERVED. ELECTRONIC REPRODUCTION OF PART OR ALL OF THIS TEXT PROHIBITED.

• WE HAVE RECENTLY ISSUED AN INVOICE FOR $27.3 MILLION AGAINST AN INFRINGER OF OUR COPYRIGHT WORKS IN CALIFORNIA, WITH FULL DETAILS FURNISHED TO THE SECRETARY OF STATE OF CALIFORNIA, WHICH IS HYPERSENSITIVE ABOUT COPYRIGHT BREACHES.

• THE USUAL CROP OF FABRICATIONS ABOUT THE EDITOR OF THIS SERVICE HAS STARTED UP, WITH ONE GROSS LIBEL ASSERTING THAT THE EDITOR ‘WORKS FOR’ A CERTAIN POWER. SUCH LIES ARE ATTRIBUTABLE TO (1) IGNORANCE AND (2) MALICE. THIS OPERATION IS 100% INDEPENDENT, ALWAYS HAS BEEN, ALWAYS WILL BE, AND FUNCTIONS ARMS’-LENGTH FROM ALL OUTSIDE INTERESTS. SEE THE STATEMENT IN PLAIN ENGLISH AT THE FOOT OF REPORT.

• ANONYMOUS SOURCES OF ‘INFORMATION’ AND ‘DEBATE’: By definition, all anonymous US sources of so-called ‘information’ are spooks and other cowards who are too scared to reveal their identities, for fear not least of being held accountable for their convoluted fabrications. Therefore, anyone who attaches significance or relevance to ANYTHING that any of these anonymous, self-contradictory sources purport to be revealing, does so at his or her own peril. One can of course freely choose to be misled by the various US controlled disinformation, diversion and obfuscation sources, if one wishes to avert one’s gaze from the obvious: namely that the kleptocracy is running these Psy-Ops diversionary operations in order to provide themselves with cover for their odious crimes, and to keep the Ponzi victims hoping, like Rip van Winkel, that they haven’t been ripped off. And since the anonymous spooks and cowards hide behind anonymity, any denial of this apparent truth from them will, like all pronouncements aimed at misleading the ‘scammed’, lack credibility.

Obviously, some of these anonymous sources who cannot be held accountable for any of their lies and fabrications, may take objection to what we may publish. However that is their problem: since they do not reveal their identities, no communication with these operatives is ever possible or at any stage desirable, because in any ‘debate’, a level playing field is necessary: a ‘debate’ between a real person and anonymous spooks and cowards would not take place on a level playing field.

The cover of these anonymous spookies has been well and truly blown. When this happens, the knee-jerk response is to resort to defamation. However defamation of a real person by anonymous spooks lacks all credibility too, and simply reveals the pinpoint accuracy of the assessment.

In any case, as has been stated at the foot of most of our reports for years, we cannot enter into correspondence as a consequence of these reports. Many of those who may attempt to enter into correspondence with us are not subscribing to our published services and have no intention of doing so. This service was originally developed to be of assistance to our subscribers, and that is its main purpose. The Editor’s job is to manage and produce the publications listed on our catalog, accessible via this website. The production of these reports is a secondary exercise. Therefore, if you don’t subscribe, we are not available to be of further assistance. The Editor does, however, try to respond to kind and helpful emails expressing positive support, provided that all coordinates are clearly shown in the Contact Us fields so provided. Again, the Editor has been quite amazed at the kindness shown in response to our Christmas posting dated 26th December 2008.

That experience confirms the Editor’s personal experience that Americans are often the kindest and most generous people in the world. Their problem is that their Government is run by organised geomasonic crime. Amid great fury, a tectonic change is in progress which few yet understand.

For a comprehensive debunking and takedown of the geomasonic New World Order, please place an order for the Editor’s book The New Underworld Order, available from this combined website.

• NEW: CALENDAR OF OFFICIAL REGULATORY AND ENFORCEMENT FAILURES: SEE BELOW

• NEW: IN MEMORIAM: LIST OF RELATED/REPORTED SUDDEN DEATHS (‘SUICIDINGS’)

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.

Just as material posted on the Internet by ANONYMOUS sources lacks credibility, so that therefore its content should prudently be dismissed as irrelevant, so are emails addressed for our attention from ANONYMOUS senders considered impertinent and unworthy of attention. Secondly, offensive emails ventilating some gripe or other, are normally deleted unread by our system. On a pleasing note, we received a VERY LARGE positive ‘e-mailbag’ following the 26th December 2008 Christmas report, which the Editor found very touching, kind, unexpected and generous*. Thank you! Contrary to expectations, opposition was extremely feeble, confined even to lecturing the Editor on which Bible he should be reading! When you stand up to them, THEY FALL BACK TO THE GROUND.

* Interestingly, all these generous emails (and phone calls) emanated from the United States and Canada. There was NOT ONE SINGLE SUCH RESPONSE from the United Kingdom. NOT ONE.

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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.

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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. 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.

• 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.

• NEW REPORT STARTS HERE:

OUT OF THE FRYING PAN AND HOVERING IN MID-AIR BEFORE FALLING INTO THE FIRE?
In reports posted since the US general Election, we have noted that while, given the imminent end at long last of the evil George Bush II Administration, it can be said that we have jumped out of the frying pan, it has hitherto been too early to conclude that we have yet fallen headlong into the fire. Our stance therefore has so far postulated that we were hanging in-mid-air, pending the arrival of further data, which would make the answer to this riddle more apparent.

Closer now to the installation of the new American régime, we have the following evidence, already publicised here, to suggest that President-elect Obama has not been a pushover for the Forces of Darkness that have apparently hijacked his incoming Administration.

We’ll repeat this evidence first:

• When Mr Obama visited the White House for the first time following the election with his wife, the Bush team tried to bribe him. He rejected this typically brazen, arrogant and crude Bushite attempt to compromise him, according to our special sources. The fact that Obama told the President where to get off is a known PLUS for the incoming President of the United States.

• We also know that when he was briefed by the FBI in Chicago immediately following the election, Mr Obama ‘blew up’ when it was made apparent to him that, under a long-planned CIA contingency arrangement in case he won the election (i.e., if the CIA Forces of Clintonesque Darkness could not rig the outcome to their satisfaction), the framework for his Administration had been decided for him by the mainly Jewish operatives who stand to lose most if corrupt ‘business as usual’ were to be thwarted with the installation of the new régime. Previously we reported that Mr Obama’s first briefing was from the CIA, but since the FBI is subordinate to the organised criminal ‘State within the State’ known as the CIA, that is a nuance that makes little difference. In subsequent days, he also received detailed briefings direct from the CIA.

• It is further known that President-elect Obama lost no opportunity to make it very clear that the Settlements process must be completed (the country recipients WERE paid, effective Friday 19th December 2008, in cash, the Treasury having guaranteed the payments from 18th December). Our information is that he has demanded settlement on several occasions. It is clear that resistance to his demands by the organised criminalists has been only partially successful to date.

• As further reported by this service, when impediments to settlement orchestrated by Gordon Brown became known, President-elect Barack Obama sent an emissary to speak directly with the corrupted British Prime Minister, who is an intelligence officer like his corrupt predecessor, to demand that he cease and desist, on pain of being arrested.

In June 2008, we reported that Gordon Brown’s treachery and dishonesty was exposed when he secretly flew to Belfast, having already said goodbye to President Bush II and his wife in front of the TV cameras on the steps of Number 10 Downing Street. In Belfast, he rejoined President Bush Jr. and his wife, and engaged in certain banking transactions in collaboration with Bush II himself. This was exposed after we posted the following paragraph in our report dated 18th June 2008, which was followed up and found to be accurate:

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.

• President-elect Obama is known to have been ‘working with’ President Nicolas Sarkozy, who obtained the ‘mandate to pay’ from President George W. Bush at Camp David in October 2008 as previously reported by this service, to procure the Settlements without further ado.

• The ‘Daley people’ and other ‘forces’ out of Chicago want to be paid, too, you understand (do you?) and have, as predicted ages ago, taken the law into their own hands, which is why gunshots are heard in trading rooms, bankers and intermediaries are found sitting at their desks after having suffered heart attacks or with their wrists slashed, and numerous other unspecific ‘neutralisations’ are and have been taking place with increasing ‘Black’ intensity as the hijacking of the whole world by the most ruthless gang of intelligence criminals mysteriously still walking today stretches way beyond the globally critical stage.

THE ELITE POWER CONTINUUM’S NEW-OLD CONTROLLING TEAM
Within this overall context, however, it is a reality that the illicit trading team which is to operate seamlessly from the Obama White House – a team that the ‘Black’ operations intelligence criminals working for and with several domestic and foreign intelligence-linked counterparties put together ahead of Obama’s election victory and foisted on him the moment the election outcome had been confirmed – consists of finance operatives linked to past gross financial abominations, under the preceding two US Administrations.

• This ‘retread’ team intends to continue the illicit trading activity under President Obama’s nose from the White House throughout the new President’s term or terms office, but is facing severe impediments behind the scenes which cannot be reported on at this time.

The primary members of this latest manifestation of the Elite Power Continuum are Rahm Emanuel (a Kissinger operative, member of the Israel Defense Force, i.e. one would suspect him to be an Israeli Military Intelligence Officer), Hillary Rodomski Clinton, Joseph Biden, Tom Daschle (Citibank stooge, mentored by Robert Rubin), Bill Richardson* (ex-Kissinger Associates), Eric Holder (he who arranged the pardoning of Marc Rich, a.k.a. the very long-range DVD operative Hans Brand), General James L Jones (yet another Kissinger associate), Lawrence Summers (mentored by Robert Rubin, guardian of Clinton’s (frozen) accounts), Timothy Geithner (ex-Kissinger Associates), Paul Volcker (Rockefeller family representative yet Chairman of a Rothschild Wolfensohn firm), David Axelrod (a political consultant whose past clients include Senators H. Clinton, John Edwards and Christopher Dodd, Stalin’s grandson), and Susan Rice, ex-Clinton’s National Security Council.

* On 4th January 2009, Bill Richardson, Governor of New Mexico, withdrew his name from the list of candidates for confirmation, citing ‘a pending investigation into a company that has done business with his State’ (code for an imminently breaking corruption scandal). We speculate that Hillary was behind this rapid ‘exit’. What does Mr Richardson know, for instance, about Rocky Flats and the espionage of the Chinese operative Wen Ho Li at Los Alamos, we wonder? Just asking…

The notorious names among these operatives should be arrested forthwith and extradited to the United Kingdom to face charges of financing international terrorism, of economic terrorism, and of stealing from The Queen, and enriching themselves as a consequence inter alia of profiting from the theft of her gold on 29th-30th March 2007, which was exclusively reported, in the first instance, by this service. Protests from various quarters that ‘there is no-one willing to arrest these people’, ignore the fact that by publicising such information, the pressure on these soulless operatives is ratcheted up all the time. After all, the daily lives of all the familiar highest-level criminalists have been rendered intolerable and miserable as a consequence of what has had to be posted to date – entirely as a consequence of the perverse decisions that these people have made so as to be able to continue their terrorism financing operations. That has been their choice: they made their own filthy bed, and they must lie in it.

• Almost everyone in this cauldron has been compromised to some degree or another.

• THE PLAN: TO PURPORT TO IMPLEMENT THE G-7-APPROVED REFINANCING SCHEME WHILE IN PRACTICE CONTINUING CORRUPT ‘BUSINESS AS USUAL’: WHEN THE EDITOR SAID THIS ON THE TRANSATLANTIC PHONE, FORT MEADE PULLED THE CONNECTION, MEANING: IT’S TRUE.

Notwithstanding everything that has happened since Treasury Secretary Paul O’Neill was fired by President Bush Jr., after O’Neill had asked him to release the diverted funds, and since we started to publicise the hijacking of the $4.5 trillion, and our subsequent detailed website exposures of the historically unprecedented corruption, the Intelligence Power has put in place an Economic Team, listed below, FOR THE SPECIFIC OBJECTIVE OF CONTINUING WITH THE FRAUDULENT OFF-BALANCE SHEET FINANCING OPERATIONS SEAMLESSLY THROUGHOUT THE OBAMA YEARS, from within the White House as though there has been no discontinuity and no opposition to this corruption had ever surfaced, and the Rest of the World knew nothing about it.

FOR THESE PEOPLE, DEBT IS AN ASSET CONTAINING CASHFLOW THAT CAN BE STOLEN
Beyond the standard criminal finance purpose, the mentality behind this intention (which is being thwarted) assumes that salvation is to be found through the issuance of yet more debt. For these people, who have overstayed their welcome, debt is ‘an asset’ in a sense not usually understood: for the practical factor here is that DEBT PRESUPPOSES A CASHFLOW WHICH CAN BE STOLEN.

Cashflow exists within debt ‘assets’: so these criminal finance operatives are predisposed towards the United States accumulating ever more debt, out to infinity – choosing to overlook the reality that another year or less of this behaviour will destroy the US dollar completely.

• For the dollar to be destroyed, all that is necessary is for one or two big financial powers to refuse to pay or charge for their oil in dollars: and such a development is IMMINENT. The parallel collapse of one or more huge US institutions would destroy the entire world financial economy.

The US dollar external Ponzi operation that ‘worked’ for a century, notoriously depended upon the willingness of foreigners to hold dollars. It is crystal clear to this financial sector observer who has nearly four decades’ experience that if the new US Obama Treasury does not proceed with the G-7-Approved Refinancing Programme exactly as conceived, WITHOUT AMENDMENT – namely, that it is to be a PRIVATE SECTOR CAPITAL MARKETS OPERATION, not a Government operation that is susceptible to ‘insider’ corruption run surreptitiously out of the White House and the Treasury, key financial powers will DROP THE U.S. DOLLAR. The argument that ‘there is no alternative’ cannot be relied upon in the situation that will be unfolding in the first quarter of this year.

As the Rest of the World will KNOW at some stage soon (during the first quarter of 2009) whether the new Treasury is to implement the G-7-Approved Refinancing Plan WITHOUT AMENDMENT, any FAILURE OR FURTHER FOOT-DRAGGING on the part of the new Obama Treasury to adhere to the Private Sector Capital Markets Refinancing and US Dollar Refunding Programme as was specifically approved by the Group of Seven (G-7) powers and re-approved at the G-7 Conference in northern Germany in June 2007 when The Queen called for its implementation ‘for the sake of the whole of humanity’, could lead to the unhesitating abandonment of the US dollar as the currency in which payment is demanded and made for exported oil, irrespective of all other considerations.

BECAUSE:

• Foreigners will take fright at the prospect of another eight years of a pariah US Government intent upon ADDING TO the overhang of obligations that is threatening to fall through the roof, through all the building’s floors and into the basement, with catastrophic consequences.

The new Obama Economic Team, whether foisted upon the incoming President or not, is DEBT-oriented: which is a recipe for catastrophic and terminal failure. The G-7-Approved Private Sector Refinancing Programme, which GENERATES ON-THE-BOOKS ACCRUALS THAT ARE TAXED AT 35% yielding massive ongoing real money accruals to the US Treasury, CREATES NEW REVENUE AND THEREFORE POSITIVE, TRANSPARENT AND TANGIBLE CASHFLOW that is available both for paying down debt and for urgent infrastructure rebuilding and massive domestic projects: funds that, because of on-the-books transparency, cannot be diverted, stolen, exploited or ransacked by ruthless, wayward finance operatives holding high office within the US official structures.

• It is the ONLY way forward, and everyone, from Barack Obama downwards, and at the highest levels of the leading financial powers, knows it.

ROCKEFELLERS, FACING DISASTER, FORCING BUSH CROOKS TO COMPLY?
As will be seen when we come to the deliberate imploding (by the Bush apparat) of the Madoff Ponzi Scheme Carousel, the two institutions employed by Madoff and his broker-dealership are JPMorgan Chase and The Bank of New York Mellon – the two US exotic financial enterprises which have accumulated colossal inverted overhanging pyramids of derivatives junk liabilities: indeed, JPMorgan Chase, which harbours the Terrorism Financing Center that we have exposed on this website, is where this immense assembly of fraudulent finance Ponzi Scheme scams began.

• IS’NT THAT INTERESTING?

Now, we are advised by ‘deep’ sources that the Rockefellers have ‘got the upper hand’ against the Bush Crime Family apparat. But this is ‘back to front’ in the following respect:

The practical reality is that the Rockefeller interests are in extreme danger of being crushed and reduced to pulp should the accumulated weight of the derivatives liabilities that is sitting on the roof crash through successive floors into the basement: and this will happen, as the Rockefellers know very well, if the G-7-Approved Refinancing Programme creating real, on-the-books taxable revenues that cannot be hijacked, diverted or stolen by criminal operatives inside the American structures, is sidestepped, as the New Economic Team was (INCREDIBLY) set up to procure.

Hence, the Rockefeller interests (believed to be backed here by the Rothschilds as well) have been left with no option but to insist that the G-7-Approved Refinancing Programme is finally kick-started in the private sector, and NOT via the White House and the Treasury, as the debt-oriented high-level fraudulent finance engineers had intended.

WHY THERE IS NO WAY OUT FOR THE FRAUDULENT FINANCE CADRES
More broadly, the US fraudulent finance sector is now facing the reality of collapse because by spreading the risk so widely, they have in fact generated an environment of open warfare both within the affected financial institutions, between the participants, between financial institutions, between investors and implicated US legal firms, in fact prospectively between every benighted participant in this US-instigated global panorama of financial fraud.

• Why did they spread the risk so broadly?

• Answer: Because it was assumed that if anyone tried to STOP the carousel (as has occurred), the outcome would be a financial nuclear explosion.

On this false premise, they therefore assumed, like professional Ponzi artists and losing gamblers in a casino, that their fraudulent finance carousel could continue sine die and that their formula for manufacturing false wealth out of nothing could never be challenged or brought down.

How wrong these ‘Useful Idiots’ were. HOW STUPID AND ARROGANT, TOO.

Because what they now face is financial annihilation and obliteration whichever way the crisis goes:

• ANNIHILATION when, against the background of the G-7-Approved Private Sector Capital Markets Refinancing Programme, derivatives outstanding are priced, say, at 1 cent on the dollar:

or:

• OBLITERATION if the entire inverted pyramid of derivatives liabilities collapses, destroying the likes of JPMorgan Chase and The Bank of New York Mellon in the process – and of course the Rockefellers AND THE BUSH-CLINTON FINANCIAL CRIME apparatus with them.

In other words, THERE IS NO WAY OUT FOR THE FINANCIAL CRIMINAL CADRES. They are caught and cannot get out with the money they thought they had made.

• But there IS a way out for the Rest of Us – via the G-7-Approved Refinancing Programme.

THE DEBT-ORIENTED ‘NEW ECONOMIC TEAM’ IMPOSED ON OBAMA
Meanwhile the emergence of the new ‘retread’ Economic Team, for the purpose of continuing debt financing and fraudulent finance as usual, explains why the outgoing US Treasury Secretary, that devil Mr Paulson, was walking around with a self-satisfied smirk on his face. He knew that when he leaves office, it will be illicit, corrupt ‘business as usual’ – run out of the White House, with him, of course, as a corrupt participant. OR SO HE IMAGINED.

The team members, specifically assembled to continue the illicit financial trading operations out of the White House, Treasury and State Department under Mr Obama’s nose, are as follows (1):

• Timothy Geithner, US Treasury Secretary: President and CEO of the Federal Reserve Bank of New York, former Director of Policy Development for the International Monetary Fund, Member of the Group of Thirty (G-30), formerly employed at Kissinger Associates, mentored by Lawrence Summers and by Robert Rubin, and a Bilderberg, Council on Foreign Relations and Trilateral Commission member/participant. [Trilateral Commission is another long-range German front].

• Paul Volcker, to be head of a new Economic Recovery Advisory Board: Former Chairman of the Federal Reserve Board under Presidents Carter and Reagan, the former President of the Federal Reserve Bank of New York, Chairman of a Rothschild Wolfensohn Company, Member of the Group of Thirty (G-30), longtime Rockefeller Family associate, and a Bilderberg and Council on Foreign Relations member, and North American Chairman of the Trilateral Commission. Volcker, as was previously reported, is also a Trustee, which may be assumed to be liable to influence his thinking.

• Rahm Emanuel, White House Chief of Staff: This man is a member of the Israel Defence Force (IDF), i.e. of a foreign military establishment, from which we deduce that he is the Israeli equivalent of a Soviet Military Intelligence (GRU) officer. Why don’t they just install the head of the ongoing Soviet GRU as White House Chief of Staff, and be done with it? A hardline Zionist and a Kissinger protégé, former Congressman and a member of the Board of Directors of Freddie Mac, he also spent two years as an investment banker for Wasserstein Perella [see this report]. He was a key member of Clinton’s finance campaign committee and was implicated in the cover-up of the murder of Vincent Foster. His father was a member of the Israeli Irgun terrorist group, which blew up the King David Hotel inflicting a large number of British military deaths in the process.

• Lawrence Summers, to head the National Economic Council: Summers was US Treasury Secretary during the Clinton Administration, former World Bank Chief Economist, former President of Harvard University (where rising operatives are sent for indoctrination), Board Member of the Brookings Institute, protégé of David Rockefeller, mentored by Robert Rubin, and also a Bilderberg, Council on Foreign Relations and Trilateral Commission member/participant..

• David Axelrod, Senior Adviser: A political consultant whose past clients include Senators Hillary Clinton, John Edwards and Representative Christopher Dodd (Stalin’s grandson).

• Hillary Clinton, Secretary of State: Originally a clandestine CIA asset who was used to infiltrate the Yale University anti-war movement, Watergate hearings participant, CIA operative, senior partner in the Little Rock, Arkansas Rose Law Firm, key figure in the Mena drug trafficking scandal, alleged architect of the Waco disaster, implicated in many deaths including the cover-up of the murder of Vincent Foster: world-class criminal operative and a Bilderberg, Council on Foreign Relations and Trilateral Commission member/participant. Likely to order liquidation of the Editor of this service.

• Joseph Biden, Vice President: Senator since 1972, Member of the Senate Judiciary Committee, Chairman of the US Senate Committee on Foreign Relations, staunch Zionist sympathiser who told Rabbi Mark S. Golub of Shalom TV: ‘I am a Zionist. You don’t have to be a Jew to be a Zionist’, and a Bilderberg, Council on Foreign Relations and Trilateral Commission member/participant.

• Bill Richardson: Former US Congressman, Chairman of the Democratic National Convention in 2004, former employee of Kissinger Associates, US Ambassador to the United Nations, Governor of New Mexico, Energy Secretary, key operative involved in the Monica Lewinsky Israeli intelligence honey-trap spying cover-up with Bilderberg luminary Vernon Jordan, and a Bilderberg and Council on Foreign Relations member/participant. THIS CANDIDATE HAS WITHDRAWN: SEE ABOVE.

• Robert Gates, Defense Secretary: The former Director of Central Intelligence (CIA), and Defense Secretary under President George W. Bush, knee-deep in the Iran-Contra scandal and its financial ramifications, named in a 1999 class action lawsuit pertaining to the criminal Mena drug trafficking operation, Co-Chairman of a Council on Foreign Relations Task Force with Zbigniew Brzezinski, and a Bilderberg and Council on Foreign Relations participant.

• Tom Daschle, Health Secretary: Former Senate Majority leader, Clinton lackey, mentored by Robert Rubin and a Bilderberg and Council on Foreign Relations member/participant.

• Eric Holder, Attorney General: heavily involved in procuring the Presidential Pardon for Marc Rich (the long-range Deutsche Verteidigungs Dienst (DVD) operative Hans Brand), Deputy Attorney General under Janet Reno, and facilitated the pardoning of 16 Puerto Rican FALN terrorists.

• Janet Napolitano, Director of the Department of Homeland Security: Governor of Arizona, US Attorney during the Clinton Administration, instrumental in the Oklahoma City Bombing cover-up (which inter alia covered up the destruction of the German Nazi files kept in the Murrah Building) after she had declared ‘We’ll pursue every bit of evidence and every lead’, soft on immigration, described as ‘another Janet Reno’, and a Council on Foreign Relations Member.

• General James L. Jones, National Security Advisor: Former NATO Supreme Allied Commander, Special Envoy for Middle East Security, on the Board of Directors of Chevron and Boeing, NATO Commander, Member of Brent Scowcroft’s Institute for International Affairs along with Zbigbiew Brzezinski, Bobby Ray Inman, Dr Henry Kissinger, and the former DCI (CIA), John Deutch.

• Susan Rice, US Ambassador to the United Nations: Rhodes Scholar, campaign foreign policy advisor to John Kerry and Michael Dukakis when Presidential candidates, member of President Clinton’s National security Council, Assistant Secretary of State for Africa, alumnus of the Brookings Institution (funded by the Rockefellers and the Ford Foundation), member of the Aspen Strategy Group teeming with insiders such as the odious drug operative Richard Armitage, Brent Scowcroft and Madeleine Albright, and a member of the Council on Foreign Relations.

On a much more satisfactory tack, Mr Obama has selected:

• Mary Schapiro, to be Head of the severely discredited US Securities and Exchange Commission (SEC): Ms Schapiro has been Chief Executive of the Financial Industry Regulatory Authority (FINRA) and was Head of the Commodity Futures Trading Commission (CFTC) during the Clinton era, where she ran a very tight ship. This is an inspired choice, as this lady’s reputation stands high; and as The Times, London, stated correctly on 19th December, she has a ‘deep understanding of both financial futures and the commodities markets’.

Given the imperative for the Wall Street Rule Book to be rewritten, as Michael C. Cottrell, M.S. has argued, this appointment is significant, indicating that Mr Obama is ‘not to be messed with’.

• Peter Orszag, to be Director of the Office of Management and Budget (OMB): Ordinarily, this appointee’s brief is to continue the falsification of the US Federal Budget numbers out to infinity. However Mr Orszag has been Director of the Congressional Budget Office, which enjoys a sound reputation, whereas the OMB has for decades been engaged in creative accounting, smoke and mirrors obfuscation, and the falsification of the US Federal Budget and background debt data. On the face of it, therefore, the appointment of Mr Orszag is an inspired ‘pick’ which, we understand, was entirely Mr Obama’s own: and a clever move this is, too: because if, finally, an honest Director is installed at the OMB, it suddenly becomes much harder for the numbers to be fiddled.

Very significantly, when presenting Mr Orszag to the press and the public on 25th November, Mr Obama predicted a ‘page-by-page, line-by-line budget review to root out unnecessary spending’. And, with his Electoral College landslide victory amply confirmed, Mr Obama proclaimed that he possesses ‘a mandate to move the country in a NEW DIRECTION, and NOT TO CONTINUE the same old practices that have gotten us into the fix we’re in…. As soon as the recovery is well under way, we need to set up a long-term plan to reduce the structural deficit and to make sure that we are not leaving a mountain of debt for the next generation’.

• This sounds pretty much like an Obama endorsement of the G-7-Approved Private Sector Capital Markets Refinancing Programme, which is, and HAS ALWAYS BEEN, the ONLY solution on the table, because only the private sector creates revenue: the Government ONLY CREATES DEBT.

• Separately John Podesta, head of the Obama Transition Team, and former White House Chief of Staff, was implicated in the Vincent Foster murder along with Emanuel and Mrs Hillary Clinton. At the time of this analysis, there was no indication that Podesta would see ‘life after Inauguration’.

• Leon Panetta, former Chief of Staff to criminalist President Clinton, was reported on 5th January to have been selected as Director of Central Intelligence (CIA). THIS IS VERY BAD NEWS. Panetta was involved in all the relevant ‘bad stuff’ under Clinton, and his ‘selection’ (imposition?) suggests a rearguard action by the recalcitrant criminalists to CONTINUE ‘running the money’ through the CIA if, as expected, the intention to continue doing so seamlessly through the White House, the State Department and the Treasury, is closed off (due to factors we can’t go into). If this suspicion is in any way close to the mark, it needs to be understood that THIS WON’T FLY EITHER. The situation is precisely as stated in the opening paragraphs of this report, above the bullet points.

Panetta is very familiar with the secret Halliburton scamming operations buried inside the CIA and the Pentagon which we helped to expose in the summer. He is very fully aware of the faulty Saudi Arabian artillery weapon which killed US troops undergoing training, and he knows all about those toasters costing less than $20 at hardware stores which Halliburton sold for nearly $1,900 a piece. He is Cheney’s evil twin. A HILLARY CLINTON PICK AND IT STINKS.

The US criminalists THINK THEY CAN CONTINUE WITH THEIR FRAUDULENT FINANCE. But time and global patience has run out. Should they remain under this mischievous illusion for long after the Inauguration, they will be BURIED, along with Morgan Stanley, The Bank of New York Mellon, Deutsche Bank and the other corrupt institutons. Such an outcome may be imminent.

• These fools MUST BE STOPPED. THEY ARE OPERATING ACCORDING TO OLD, REDUNDANT CRITERIA. Their model is a train wreck. They cannot continue this fraudulent finance. They think they CAN continue this fraudulent finance off-balance sheet. It is the job of Gold Badges et al to make them understand that the model has not only passed its sell-by date: it’s a grenade that will ignite a financial and economic holocaust with no parallel, affecting the whole of humanity. Clinton is a deeply evil influence inside the Obama camp and is evidently calling the shots. However, this madness CANNOT OVERCOME THE ELEPHANT IDENTIFIED AT THE TOP OF THIS REPORT, and neither can it overcome key factors that cannot be discussed right now. These developments all reflect warfare behind the scenes and cannot be taken as ‘set in concrete’ quite yet.

• There are more shoes to fall (i.e. airborne shoes to be thrown).

• WE UNDERSTAND, HOWEVER, THAT, ALL OF A SUDDEN, THE PENNY HAS DROPPED… Namely, that a calamity will follow any imminent failure to complete the Settlements and the Refunding of the US Dollar by means of the G-7-Approved Refinancing Programme using transparent Capital Markets Operations on-the-books, yielding REVENUE, rather than continuing with such transactions off the books, yielding DEBT which is what Government participation in the Refinancing Programme can only generate. The prospect of a catastrophic series of events is of extreme global concern….

THE INITIALLY DELICATE POSITION OF BARACK OBAMA
Because this pre-assembled, debt-focused incoming Obama Economic Team was put in place and apparently foisted on President-Elect Obama (whether with his consent or not is unknown), anger among the CIA-backed Internet Blogocracy was switched after the US Election away from outgoing President George W. Bush to Mr Barack Obama, who was even being referred to in late December as ‘more evil than Bush’ – an amazing transformation, given the fact that Obama had not yet shown his mettle except as analysed above (none of the febrile ‘rumours’ about what he is supposed to have agreed to, had any substance as they were typically proffered by unaccountable ANONYMOUS sources and even if that were not the case, could never be verified): nor can ANY President-Elect promulgate Executive Orders, as has been suggested elsewhere, in a quite astonishing display of ignorance! But then, the sources for this nonsense are ANONYMOUS and thus unaccountable.

The likelihood is that Obama was suddenly the focus of vituperative CIA-fanned attacks precisely because, as indicated here, the Elite Power Continuum served by the Intelligence Power, which controls the US Government, intended to pretend that there has been no discontinuity – and to continue centrally-directed, surreptitious corrupt financial operations out of the new White House under Mr Obama’s nose, as though nothing had happened. Given CIA compartmentalisation, the Blogocracy cannot be expected to be aware that this scheme has already been torpedoed.

It also stands to reason that attempts may be made to blackmail the incoming President.

• However we have two points to stress in this connection:

(1) EVERY SINGLE MEMBER of this crew on the stage and off the stage, even operatives below the radar, is being prospectively blackmailed at all times. There is a ‘Black’ file on 100% of those who are chosen to walk onto the stage. So the fact that Mr Obama is almost certainly being blackmailed by the evil Intelligence Power is essentially a NEUTRAL issue. He has displayed evidence that he can be very tough, and his wife, who should know, has specifically stated that he is and will be ‘a hard task-master’. Therefore, in our opinion this man shows the character and ability to rise above this unavoidable hazard. The way to deal with the threat of any blackmail (which can of course be predicated on lies), even when baseless, is to recall that the blackmailer is invariably in a weaker position than the blackmailee, not least because if he uses his ‘weapon’, he then exhausts all his ammunition and thereafter becomes powerless. Therefore, the best course for Mr Obama, should he have concluded that he may unjustly be a blackmail target, would appear to be to steel himself to ignore any such pressure, and to bear in mind the following foreign example: which is not to be construed as having any implications whatsoever, but solely to make the point that the blackmailer is WEAKER than his target (especially, as in Mr Obama’s case, when the prospective blackmail may be based upon the odious transgressions of lies and false witness):

(2) Vladimir Vladimirovich Putin has been called a ‘vampire’ by his wife, no less. This probably refers to Vladimir Putin’s involvement in certain satanic activities, which would be fully consistent with his background as a Soviet Military Intelligence (GRU) operative, as well as his KGB background. (GRU officers are also KGB officers: KGB officers are not necessarily GRU officers).

Mr Putin was further deliberately photographed within the past year kissing the bared tummy of a small child. What was that all about? Here is the answer: Putin, like José Manuel Barroso, President of the European Commission, and certain others we could name, is a paedophile, a fact which has clearly been held in reserve by those forces inside the structures who believe they can or could blackmail him. By staging this ‘kissing operation’, Mr Putin ‘blew’ their chances. While the revolting image revealed the truth about Putin’s depravity, it also simultaneously destroyed the blackmailing power threat held over his head. Putin shrewdly calculated that by staging the kissing session, he could neutralise the blackmailers and would ‘get away with it’: which he has.

INCOMING PRESIDENT IS IN A STRONGER POSITION THAN PEOPLE MAY THINK
In summary, if President-elect is liable have false witness deployed against him by these odious operatives, that is not necessarily the end of the world for the incoming President. And the other side of the coin can be summarised as follows:

• Given that all the other characters on the stage will be serving at the President’s pleasure, he will be in a position to dispense with their services should they step out of line. In this connection, Mrs Hillary Clinton has already stepped out of line, according to The Guardian of 24th December 2008, which reported that:

‘The former first lady has wasted no time as she begins building up her team in preparation for taking over as America’s most senior diplomat from Condoleeza Rice’ in January 2009. ‘Sources in Washington suggested Mrs Clinton had embarked on an “empire-building” exercise as she seeks an expanded rôle within Mr Obama’s Administration’.

‘She wants a bigger budget and an expanded role for the State Department, not just in foreign affairs, but in dealing with global economic issues in the current financial crisis’ –

… code for she wants to continue ‘running the money’ as hitherto.

The Guardian further reported that ‘Mrs Clinton has told Mr Obama she wants to appoint high-profile special envoys. Her husband Bill has been suggested as a possible envoy to deal with Pakistan and India –

… code for positioning, reaffirming, revitalising and procuring the implementation (in part, by her CIA husband) of conduits for ongoing illicit financial transactions, and probably also for activation of that $2.0 trillion which at one stage ‘vanished’ into the bowels of the UBS office in India.

Other operatives (all of Jewish extraction, like herself) reportedly being considered by Mrs Clinton as she attempts to build up her State empire prematurely before she had even vacated her Senate seat or been confirmed (which she cannot be until she had vacated her Senate seat), include the well known globalist operative Richard Holbrook, Martin Indyk (a former US Ambassador to Israel), Jacob Lew (Clinton era head of the President’s Office of Management and Budget, and thus deeply involved in the falsification of budgetological numbers), and Mr James Steinberg, a former Deputy National Security Adviser to President Clinton.

Clearly, Mrs Clinton’s strategy is to inflate herself to the max ahead of Mr Obama’s Inauguration so that, as she imagines, he will find her impossible to oppose, or difficult to move: her calculations may also include the knowledge that President Obama would not be able to move her in the early years, not for 18 months, at least: during which time the extension of the illicit, fraudulent trading arrangements would have become embedded within the White House, so that the new President would be ‘unable’ to intervene.

PROMINENT RECENT ‘NEUTRALISATIONS’: IN MEMORIAM: LIST OF RELATED AND REPORTED
SUDDEN DEATHS (‘SUICIDINGS’) GROWING RAPIDLY: 5TH JANUARY 2009 WAS A ‘BAD DAY’
Before going any further, it is unfortunately necessary to review the various appalling publicised, mainly financial sector, ‘neutralisations’ that have taken place recently, as the struggle to procure the Settlements has intensified, in order to carry our investigation forward:

• Paulo Sergio Silva, aged 36, a trader for the brokerage arm of the Brazilian banking congolmerate Itau, was reported to have ‘shot himself in the chest’ during an afternoon trading session of the Sao Paulo commodities and futures exchange last November, stopping trading for 15 minutes.

• Kirk Stephenson, who helped start Luqman Arnold’s investment company Olivant Ltd., committed suicide, a British coroner’s court decided in December 2008. Stephenson, 47, jumped in front of a train on 25th September 2008, at the railway station in Taplow, near Maidenhead, located 28 miles west of London. The train was travelling at 100 miles an hour.

• Alex Widmer, Chief Executive of Bank Julius Baer, Zürich, aged 52, was reported by Reuters on 5th December to have ‘committed suicide’. Two unnamed ‘independent’ sources were cited by the Swiss News website 20Minuten to have stated that the death was a suicide.

Swiss police refused to comment on the death. A bank spokesman, however, was careful to point out for public consumption that there was no link between Widmer’s death and the group’s current [sic] activities, but declined to give further details on the cause of Widmer’s death, saying it was a ‘private matter’. The operative word here was ‘current’, implying that Widmer had been involved in questionable activities in the past: and indeed, further enquiries by this service confirmed that this interpretation is correct. Market sources have advised the Editor of this service that ‘the top Julius Baer banker was killed and we know why’: other sources have stated unequivocally to us that this was a murder, associated with the elaborate cover-up, retribution and ‘neutralisation’ operations that are taking place in the context of the Settlements crisis.

• Gavin Macdonald, aged 47, a top mergers and acquisitions banker, was reported on Monday 8th December 2008 to have died ‘from a heart attack’ at the London offices of Morgan Stanley in Canary Wharf. However he died on the preceding Friday night, so that his death was not in fact announced for at least 56 hours. Macdonald was Global Head of Mergers and Acquisitions for the institution. In view of the fact that he died ‘on Friday night’, there was plenty of lime for a ‘massaged line’ to have been developed to ‘explain’ his sudden death, which was attributed to ‘overwork’. Promptly on the Monday, Morgan Stanley’s CEO, John Mack, led tributes to the dead banker.

Mr Mack heads the institution within which a special suite devoted to the financing of terrorism, which we now refer to as the Terrorism Financing Center, is located. When the Provost Marshal attempted, with Department of Defense Internal Affairs assistance, to enter this room in October 2007, he was barred from entry on the orders of Vice President Cheney, to whom, ludicrously, he reported. You will have noted that THERE HAS BEEN NO DENIAL OF THIS INFORMATION – for the familiar reason, that the intelligence, which came from the actual ensuing investigation, is true.
Macdonald would of course have been aware of the existence of the Terrorism Financing Center, and may well have been considered a prospective threat to the ongoing cover-up operations. Mr Mack’s oleaginous tributes to Gavin Macdonald need to be considered in the foregoing context.

•Christen Schnor, aged 49, a Danish-born senior executive with HSBC bank, was discovered on Wednesday afternoon 17th December hanging by a belt, naked, in the wardrobe of his £500-a-night suite at the Jumeriah Carlton Tower Hotel, Cadogan Place, in Knightsbridge, London, having also rented a £390-a-day apartment for his wife and two children in Lower Sloane Street, in the same upper-class area. Schnor worked at HSBC’s Canary Wharf office. This death resembles that of Amschel Rothschild who was discovered hanging in a high-class hotel in Paris on 11th July 1996.

• Non-banking death: Michael Connell, an IT expert said to have been directly implicated in the rigging of George W. Bush Jr.’s 2000 and 2004 elections (since the Republicans cannot ‘win’ US elections without rigging them these days, as previously explained, due to deliberately arranged demographic factors) was killed on 19th December when his single-engine private plane crashed three miles short of Akron airport. Mr Connell was reported to have told a close associate that he was afraid that George Bush and Vice President Cheney would “throw [him] under a bus”.

It had earlier been verified that Carl Rove had threatened Connell and his wife, Heather (sounds familiar?). Mr Connell had flown to a small airport outside Washington DC on 18th December 2008 for a meeting. On 31st October, Mr Connell had appeared before a Federal Judge in Ohio after being subpoenaed in a Federal lawsuit investigating the rigging of the 2004 election under Karl Rove’s direction. The Judge ordered Mr Connell to testify under oath at a deposition on 3rd November 2008, the day before the election.

The White House is reported to have become extremely concerned that Mr Connell planned to divulge details of his secret illegal work for the White House. Heather Connell owns GovTech Solutions. Both GovTech and an IT firm called SmartTech of Chattanooga, TN, have been implicated in the rigging of the 2000 and 2004 elections and a White House email scandal.

In 2005, the US operative Andy Stephenson was poisoned with a substance capable of mimicking pancreatic cancer, after travelling the United States tirelessly exposing the wholesale falsification of election results using doctored software and rigged electronic voting machines, thus making a mockery of George W. Bush’s puffed-up boasting about ‘spreading democracy’ in the Middle East and elsewhere. Further exposure of this sub-scandal would be very liable to broaden and become engulfed in the colossal fraudulent finance unravelling that is taking place, which the criminalists are trying desperately to cover up, without success.

• René-Thierry Magon de la Villehuchet, 65, founding partner and CEO of Access International Advisors, was found dead with his wrists slashed on the morning of Tuesday 23rd December 2008, in his office at 509 Madison Avenue, New York. The French financier, an aristocratic society fund manager with a chateau in Brittany, was found at 7.50am with no pulse, in his office a couple of blocks from the Rockefeller Center. A spokeswoman for the New York medical examiner was careful to insist many hours later that it had not yet established the cause of death.

In other such cases, ‘sources’ have been in the habit of insisting that the death was a ‘suicide’.

The French financier employed a sizeable army of royally-connected ‘Alpine advisers’ to trawl the casinos, ski slopes and yacht clubs of Europe in frantic search of wealthy investors for investment in his fund, which in turn fed the demand for ‘replacement money’ for the Bernard L. Madoff Ponzi investment operations [see below]. M. de la Villehuchet’s connections and his own aristocratic pedigree enabled him to tap into a rich seam of intermediaries who helped to secure funds on behalf of Access, for onward placement with Madoff.

His ‘advisors’ included Philippe Junot, first husband of Princess Caroline of Monaco, and Crown Prince Michael of Yugoslavia, described as an ‘investor relations executive’. Families said to have invested with the French financier included the Rothschilds, other European grandees, and heirs to the L’Oréal cosmetics fortune, especially 86-year-old Liliane Bettencourt, daughter of the L’Oréal SA founder, Eugene Schueller, who is reported to have invested part of her fortune estimated at $22.9 billion with Bernard L. Madoff through the dead French financier. The 86-year-old holds a 30% shareholding in L’Oréal SA, which is the world’s largest manufacturer and purveyor of cosmetics.

In a letter dated 12th December 2008 to clients, Access International Advisors stated that funds, including its LUXALPHA SICAV-American Selection, were invested solely with Bernard L. Madoff’s investment firm. Data compiled by Bloomberg indicated that it had $1.4 billion in assets as at 17th November 2008. Reporting M. de la Villehuchet’s death on 24th December, The Daily Telegraph cited an anonymous source as stating that it was ‘highly likely’ that the French financier committed suicide, while a French newspaper report stated that he killed himself.

• Adolf Merckle, a German industrialist and billionaire, aged 74, was found on 5th January 2009 near railway tracks in southern Germany. The BBC reported on 6th January that Merckle had lost about 400 million Euros after wrong-way bets on Volkswagen shares. Herr Merckle’s business interests included Phoenix Pharmahandel, a drugs wholesaler with annual sales of about 21 billion Euros, Ratiopharm, a generic drugs company with annual sales estimated at 1.8 billion Euros, Heidelberg Cement, a cement firm with annual sales of 11+ billion Euros, the Kaessbohrer ski-slope equipment firm with sales of 183 million Euros, and VEM, a conglomerate of three engine manufacturers, with sales of 280 million Euros. The total turnover of the deceased’s conglomerate in 2008 was 30 billion Euros. The businesses employ about 71,000 people. Herr Merckle’s holding company had been in talks with banks to secure credit after it ran up high levels of debt.

In a statement, the family commented that ‘the distress to his firms caused by the financial crisis and the related uncertainties of recent weeks, along with helplessness of being unable to act, broke [him] and he ended his life’.

“News of Adolf Merckle’s death left me deeply shaken”, Baden-Wuerttemberg’s Prime Minister, Guenther Oettinger, said. The State had “lost a great entrepreneur”. In November 2008, the State Government signalled it would not assist Merckle after he sought a bailout. Herr Merckle had hired the insolvency lawyer Eberhard Braun and had threatened to initiate bankruptcy proceedings for VEM unless lenders provided him with restructuring capital, according to reports in December.

• WE DO NOT CONCUR WITH THE ABOVE: Merckle almost certainly ‘knew too much’ and appears to have been a victim of the DVD split identified by this service. It is inconceivable that a successful businessman as proficient as Merckle would have entered into one or more wrong-way bets with funds needed for his multiple enterprises. This ‘line’, publicised for public consumption, does not impress, and neither does it compute. Since the DVD and the Bushes HAVE LOST, we are looking at doors being slammed shut, and the slamming doors will be making quite a racket.

• The subtle point to be understood here is that until perhaps 5th January, the Bush Crime/DVD nexus thought they had ‘won’, which was an illusion AND HAS SINCE BEEN CONFIRMED TO THEM to be an illusion. Furthermore, they COULD NEVER ‘WIN’ without also destroying the Rockefellers through inter alia the collapse of JPMorgan Chase (a Germany-oriented bank, and the seat of the Terrorism Financial Center), which means that the Clintons (as the former President is of course a Rockefeller) could not in fact allow the Bushes to get away with their game. Therefore, ALL OF A SUDDEN, and all the more so in the light of certain developments, the Clintons will support the Settlements: which they cannot avoid in view of the reality set out at the top of this report.

• Steve Good, Chairman and Chief Executive of Sheldon Good & Co., a leading US real estate auction firm, was found with a gunshot to the head in his red Jaguar on Monday 5th January (the same day as Herr Merckle threw himself in front of a train near his Blaubeuren home in southern Germany). No suicide note was found with the body, suggesting thsi was yet another execution. Mr Good, who was Chairman of the US Realtors’ Commercial Alliance Committee, had a long-standing business relationship with Donald Trump, according to several reports dated 7th January 2009.

‘FEEDER’ PONZI FINANCIER MURDERED TO COVER UP ALPHA CONNECTION?
Concerning the case of M. de la Villehuchet, who was found at his desk with both wrists slashed, and a boxcutter and a bottle of sleeping tablets on the floor, we also beg to differ with the authors of the ‘received version’ promulgated so very smoothly for public consumption. This man, too, was almost certainly murdered, given his ALPHA involvement.

The La Tribune website stated that the financier ‘could not cope with the pressure following the outbreak of the scandal’, which is an understatement: he was desperately seeking replacement funds to satisfy his devastated aristocratic clients, implying in true Ponzi style, of course, that if such funds could by any remote chance have been procured, he would have disbursed them to refund the clients who had been severely affected or wiped out – leaving the problem of how to handle the new investors until further dupes had been inveigled to invest: but of course, raising any funds at all against the prevailing background, exacerbated by the globally publicised Madoff scandal itself, had by now become impossible.

So, yes, the financier was desperate. But one of the clues to the likelihood that he was murdered lies in the name of one of his funds, LUXALPHA SICAV-American Selection. Here’s why.

• The money invested in Madoff’s operations (THE MONEY ‘IN’) has not been LOST: It has been STOLEN – by associates of the George Bush-Clinton Crime Nexus. In order to understand this, several additional facts must be added here:

(1) It has been confirmed to us that Bernard L. Madoff was recruited into the global George H. W. Bush- controlled money-leveraging and laundering operations around 2005-2006: just when the $4.5 trillion sent over by the People’s Bank of China ostensibly to finance Leo Wanta’s payment became available for the highest-level financial fraudsters to play with. What a coincidence!

(2) It has been separately confirmed to us that Bernard L. Madoff had extensive insider dealer assistance for his Ponzi operations. He could not have operated without such assistance. The immense extent of this collaboration SHOULD emerge as the SEC’s investigations proceed:

• However this depends on the extent to which the SEC, SIPC etc investigations have already been ‘sown up’; and as indicated below, the initial impression gained is NOT ENCOURAGING.

(3) The Madoff operations formed a key component of the global financial corruption carousel presided over by the Bush-Clinton criminal high-level intelligence community gangsters.

René-Thierry Magon de la Villehuchet may have been murdered on the instructions of ‘Black Ops’ elements in order to prevent him exposing in detail the labyrinthine connections linking the Bush-Clinton Crime Nexus to the DELIBERATE takedown of Bernard L. Madoff and to the fact that the Madoff operations represented the Master Ponzi Scheme presiding over an army of subsidiary Ponzi Schemes. However the ‘neutralisation’ of de la Villehuchet cannot, obviously, prevent the inevitable connections being made between the Master Ponzi Scheme, the secondary ‘feeder’ Ponzi Schemes, and the overarching Bush-Clinton-CIA global fraudulent finance abominations being exposed in gory detail, as successive arms of the Octopus unravel and the extent of the biggest financial scandal in world history, and ALPHA’s role in it, is progressively unmasked.

• If those at the helm of this operation imagine that their intelligence connections will protect them in perpetuity, they may have a nasty shock coming to them, even though there may be evidence of a possible ‘insider’ operation to ‘contain’ the fallout from the ‘Madoff takedown’ [see below]. If our suspicions on this score prove to be correct, we would still consider the outlook for these highest-level US criminalists as grim, because the explosion is so huge that even with any ‘accommodating’ associates, they cannot realistically hope to prevent the audit trail from reaching their front doors.

• Also to be borne in mind is the fact that the SEC’s own-account operations, which are absolutely unconscionable for a Regulator, may be liable at any time to be exposed in detail, with the prospect of severe consequences for Mr Cox and others: so the SEC itself would appear to have a vested interest in ensuring that whatever emerges from the myriad complex investigations and the legal processes, is appropriately ‘sanitised’. Again, our view would be that it is FAR TOO LATE FOR ANY SUCH COVER-UP OPERATIONS TO BE WHOLLY ‘SUCCESSFUL’.

PRESIDENTIAL PARDONS WON’T SOLVE THEIR PROBLEM
Following the issuance of a handful of Presidential Pardons before Christmas, President Bush II is expected to ‘do a Clinton’ and promulgate an extended list of Presidential Pardons on 19th January 2009 just before he ceases to be the most disgraced President of the United States in the always disturbed history of the Republic. Observers expect a bumper crop of blanket pardons, including one for himself, which explains why Vice President Richard Cheney, of MK-Ultra notoriety, has been bragging on TV about how he authorised torture (satisfying his innate sadism).

But as mentioned in an earlier report, these people are financiers of international terrorism as defined in their own repressive domestic legislation and in the copycat anti-terrorism legislation promulgated in the European Union context and in the United Kingdom.

Their financial thievery and scamming operations against her Majesty The Queen, the sovereign of America’s supposedly ‘closest ally’, entitles them to be arrested, held in custody, indicted, tried and sentenced to the maximum period of detention, like the many thousands of bankers scooped in the autumn of 2007 and extradited to the United Kingdom and other European countries on charges of economic terrorism, as previously reported.

These former bankers received 25 years’ incarceration for their criminal activities, and many of the lawyers who rushed across the Atlantic to bail them out were likewise arrested as co-conspirators and accessories to the fact of these terrorism financing crimes, receiving similar treatment (as also reported on this website and of course never denied by anyone).

It follows, therefore, that this expected issuance of corrupt Presidential Pardons en masse will not get these criminals off the hook. They may rely upon the fact that their routine corruption has in turn corrupted leaders of European countries such as Chancellor Angela Merkel, who has been receiving bribes from George Bush Sr. in exchange for ‘protecting’ ‘his’ stolen and corrupt funds, or their fellow intelligence operative Gordon Brown, who has been exposed as corrupt, as we have revealed. But the fact remains that, at any stage in the future, any or all of these criminal financiers of global terrorism could be picked up the moment they step into the relevant jurisdictions.

THE SECONDARY ‘FEEDER’ FUNDS WERE SEPARATE PONZI FRAUDS
Stephen Harbeck, Chief Executive of the Securities Investor Protection Corporation (SIPC) who is the senior receiver of Madoff’s now defunct Ponzi-brokerage business, said on the 27th December 2008 that investigators were dealing with a ‘highly complex hybrid fraud’, elaborating that each of the individual investment accounts feeding the Madoff operations could be its own self-contained Ponzi fraud: and this is certainly the impression gained from de la Villehuchet’s desperate attempts to ‘replace’ the funds belonging to his portfolio of previously wealthy European investors.

Speaking on the steps of the US Bankruptcy Court for the Southern District of New York, Stephen Harbeck added: ‘We will trace funds wherever the trail goes’, implying that extensive use had been made of offshore tax havens.

A report in The Guardian on 28th December said that ‘forensic accountants examining Mr Madoff’s [multiple sets of] books believed he had regularly sent large sums of money to offshore accounts in the Caribbean area and Europe. ‘There are accounts at New York Mellon Bank that we have been looking at that appear to have sent and received money from offshore locations’.

Bank of New York Mellon is one of the exotic financial enterprises identified in our reports in 2007 which mishandled the $6.2 trillion of loan funds made available by Her Majesty The Queen and by Prince Al-Aweed al-Talal of Saudi Arabia. As this element of the scandal unfolds, the prospects of the highest-level criminals emerging unscathed is expected to diminish at an accelerating pace.

On 23rd December, US Bankruptcy Judge Burton Lifland ruled that Madoff investors could receive no more than $100,000 in cash compensation, no matter how much they lost – a development that will have come as a severe blow to investors such as Mr Walter Noel (Fairfield Greenwich Group), whose operations ostensibly lost $7.5 billion, while the women’s wear magnate and Madoff mentor Carl Shapiro is reported to have lost $545 million of his personal fortune [see our alphabetical list of ‘victims’ in respect ONLY of the money ‘IN’, below]. Judge Lifland invited all Madoff investors to attend a meeting at the US Bankruptcy Court on 18th February 2009.

PERTINENT QUESTIONS FOR THE BENEFIT OF ‘THE INTERESTED’
At this stage we ask the following questions concerning the financing of terrorism, and economic terrorism, which those whom Lenin called ‘the interested’ will certainly understand:

• What did and do the Clintons, Robert Rubin, Dr Alan Greenspan, Timothy Geithner, Dr Benjamin Bernanke, George W. Bush Jr., Henry M. Paulson, and Vice-President Richard Cheney have to do with Miapollo Investments Limited, Hong Kong, Apollo Management LLP, Eva Teleki, Leo Wanta, Olga Sarantopoulos, Golub Capital, Wasserstein Perella, Timothy Geithner (protégé of the guttural triple agent Dr Henry Kissinger), George H. W. Bush Sr., and Alpha [ALPHA] Bank in Greece: always bearing in mind who set up Miapollo Investments, Inc. and Apollo Management LLP for Bush Sr.?

• For what purpose did M. Jean-Paul Levitte, the former French Ambassador to Washington (now President Sarkozy’s closest intelligence and finance adviser), introduce a Mr Leon Black (not to be confused with a Mr Blue) to Crédit Lyonnais executives in Paris?

What can be stated at this stage is that the above-mentioned ‘worked with’ Mrs Hillary Clinton on the thieving of relevant accounts along with the Bushes, and that all are implicated with the ALPHA fraudulent finance and terrorism financing operation, which is still functioning. These fraudulent finance and terrorism financing operations were and continue to be committed in countries other than the United States, especially the United Kingdom, – so that all these people and their banking and intermediary associates, are specifically implicated in the financing of terrorism abroad. Under the Patriot Act USA et seq, financing terrorism abroad is a violation of the US legislation, qualifying the perpetrators to be arrested and incarcerated sine die, which is what ALL these double-minded perpetrators deserve and will, we believe, ultimately experience.

LONDON ‘SAFETY LOCK BOX’ RAIDS REMOVED THE COLLATERAL
When 300 armed Metrololitan Police surrounded and raided the three ‘Safety Lock Box’ centres located in Mayfair, Hampstead and Edgeware, London, on 2nd June 2008 under the command of Assistant Metropolitan Police Commissioner John Yates, stolen, illicit and other collateral assets being used for fraudulent finance hypothecation purposes were placed wholly out of reach of the criminalist cadres and the corrupt banking strata concerned.

As we reported at the time and have reported subsequently, the British police raids marked a decisive development, arising out of intelligence gleaned inter alia from bankers arrested and extradited to the United Kingdom in the autumn of 2007. It is unprecedented in our experience for such an enormous squad of armed police to attend such raids in Britain, indicating quite clearly to anyone not sitting on their brains that this was an operation of unprecedented importance and significance, involving facing down the most ruthless gangsters on earth. And this judgment has indeed turned out to be accurate.

MADOFF PONZI CAROUSEL THEN BECAME A PRIMARY SOURCE OF FUNDS
Because once the contents of the ‘Safety Lock Boxes’ had been placed out of reach (they remain under heavily armed guard, we understand), a central source of illicit creative fraudulent financing (of terrorism) had suddenly been closed down.

That left the Bernard L. Madoff complex of fraudulent Ponzi financing operations, and its colossal portfolio of feeder Ponzi self-contained fraudulent finance carousels as the primary source for the continuing flow of corrupt funds needed to keep the overall carousel going, with the exception of the Alpha operation (and probably several others, including the Omega operations). In summary, with the London ‘vaults’ shut down, the Bernard L. Madoff complex became the primary open source of funds (with the exception, as noted of the Alpha operation et al).

FIVE-HOUR EMERGENCY MEETING BETWEEN MRS CLINTON AND GEITHNER
When margin calls arising from the implosion that occurred in mid-September, when the $14.0 trillion of LOAN money held within the Treasury custodial accounts was placed into ‘lockdown’ (on Friday 12th September 2008) following measures taken on 6th September 2008 and subsequently in Britain, the Madoff-linked feeder funds and thus Mr Madoff’s own operations collapsed under their own weight. On 20th September 2008, the Editor received the ‘triple gunshot voicemail’. On 22nd September, Senator Hillary Clinton met Timothy Geithner, President of the Federal Reserve Bank of New York, for at least five hours, issuing a bromise statement afterwards implying that she had in fact been discussing ‘economic reform’ with Mr Timothy Geithner – whereas in reality this was an emergency meeting to discuss how on earth to prevent the exposure of the fraudulent finance operations in which both were and are implicated up to their necks – in light of the developments since 6th and 12th September, and the volume of margin calls that were ensuing.

NEW YORK FED AND S.E.C INVOLVED IN THE MASTER SCANDALS
Among the relevant sources of exotic fraudulent finance caught up in the consequent maelstrom were funds submitted by the Federal Reserve Bank of New York under Timothy Geithner to the Bank of New York Mellon and funds associated with the Securities and Exchange Commission’s own in-house proprietary trading account, mentioned in an earlier report.

• For the New York Fed and the SEC themselves to have been involved in these operations represents a colossal pair of parallel scandals which should trigger indictments of the primary characters involved at both institutions – starting with Christopher Cox and Timothy Geithner.

When the Federal Reserve opened up the swap doors, they were taking in quasi-fungible assets (Treasury guarantees) and exchanging them for Euros which could then be deployed within the Swiss exotic trading operations. This revolutionary nexus of fraudulent finance, of economic and ‘financial terrorism’ offensives, is so huge that it cannot be explained in depth at this stage.

However we can summarise some of the stages of this immense fraudulent finance operation – winding up with the resulting dubious derivative fake ‘assets’ outstanding being ‘guaranteed’ by the Depositary Trust Clearing (DTC) Corporation, owned by the largest clearing banks, which has boasted that it has handled transactions ‘worth’ $1.8 quintillion, and has ‘guaranteed’ up to $700 trillion of derivatives contracts outstanding (taking account of double-counting).

BIG BANKS REFUSING CLIENTS ACCESS TO THEIR OWN FUNDS (= THEFT)
It is reported to us by respected and responsible market sources that one very large British bank, one very large German bank and one very large Swiss bank, in particular, are among institutions which have formed the habit in recent weeks of illegally refusing to release funds when instructed to do so by clients holding accounts with these institutions.

A case involving the UK institution resulted in the removal of a senior bank officer (also a diplomat) from the institution on Monday 29th December 2008, after the funds had been transferred from the bank’s Far East office to London, to fund a certain transaction.

• These banks are hoarding funds not least because they may expect to be called upon to fund guarantees entered into on their behalf by the Depositary Trust Clearing (DTC) Corporation, as an ever-increasing volume of related transactions ‘goes sour’. This factor is exacerbating the impact of the banks’ own corrupt off-balance sheet financial transactions on the real economy, and is the primary cause of the banks’ ‘lending strike’.

For the designers, perpetrators, intermediaries and traders involved in this biggest of all financial scamming operations NEVER THOUGHT THAT THE CAROUSEL WOULD RUN INTO TROUBLE, just as Charles Ponzi assumed that his classic scamming operation following the First World War could be continued ad infinitum. All concerned had and retained a vested interest in the continuation of this corrupt money machine, which has come unwound and will continue unravelling, contrary to their naïve and greedy expectations.

OUTLINE INFORMATION ABOUT CAROUSEL TRANSACTIONS
If we consider the Securities and Exchange Commission’s corrupt own-account transactions and supposedly borrowed (but now shown, post-Madoff, to have been STOLEN) funds, as our starting-point source of funds in an illustrative flow-chart, various stages can be described as follows:

• Leveraging of the sourced funds 3:1 in the United States.

• Transfer of the proceeds to the Swiss-based corrupt and exotic financing factory and issuance of bonds by the likes of Lehman Brothers, AIG, Bank of New York Mellon, Citibank and Morgan Stanley (funding for the bonds obtained from the Switzerland ‘money factory’ and direct out of the SEC’s own-account operations) at an 18% purchase price, for onward selling with a 30% mark-up, yielding an absolutely colossal 48% overall spread.

• Funds sent to Spanish institutions, especially Sr. Botin’s corrupt Banco Santander (which bought inter alia Alliance and Leicester and Abbey National in the UK), and probably onwards to corrupt institutions in the Southern Cone of Latin America, where Bush people have been congregating.

• Onward selling of the bonds, with a 30% backhander to the Bushes and 70% to other participants, including and especially the Bernard L. Madoff operations:

Since Madoff’s entities issued their own client confirmations and statements, Mr Madoff was able to juggle and obfuscate them with false accounting – a fact of real life that would appear to have been recognised ahead of the Madoff collapse, by Kingate Global Management, one of the ‘feeder Ponzi funds’ and one of the largest such subsidiary funds which had attracted some $2.75-$3.50 billion for investment in and ‘management by’ Madoff Investment Securities, Inc, despite having warned its investors that the Madoff brokerages ‘could abscond with those assets’.

In its fund prospectus, Kingate had warned that ‘there was always the risk that the assets with the investment adviser could be misappropriated. In addition, information supplied by the investment adviser may be inaccurate or even fraudulent. The co-managers [viz., Kingate and Tremont: see the alphabetical list below] are entitled to rely on such information (provided they do so in good faith) and are not required to undertake any due diligence to confirm the accuracy thereof’.

• This approach allowed Madoff to falsify the confirmations and statements issued to his clients. The Madoff Ponzi Carousel diverged from the ENRON operation in that ENRON employed a huge transnational firm of accountants, whereas Madoff used part-time accountants.

In parallel with, complementary to, and derived from such ongoing ‘money machine’ transactions, corrupt US Treasury and Citibank terrorism financing operations operate in outline as follows:

• Collateralized Debt Obligations (Mortgage Debt Securities etc) derived from Carlyle, AIG, Bush fraudulent finance and other linked sources are taken into the US Treasury/Citibank financing sub-machine to fund the master rotating derivatives underwriting machine – with the resulting new Collateralized Derivative Operations (CDOs) being delivered e.g. into the back-room operation of the complicit Bank of England (run, in 2007 at any rate, by a Carl Daniels, out of Birmingham but probably also linked to the US Embassy in London).

• Bank of England issues loans against the CDOs which are fed back to Carlyle, AIG and the Bush-Clinton Fraudulent Finance Empire and Carousel.

And the resulting outstanding derivatives obligations are all ‘guaranteed’ by the bank-owned private corporation calling itself the Depositary Trust Clearing Corporation, WHICH IS WHY BIG BANKS HAVE PROBLEMS, AND MAY COLLAPSE IF THE NEW ADMINISTRATION MESSES UP.

‘RETAIL’ INVESTORS’ FUNDS STOLEN TO FINANCE CAROUSEL PONZI FRAUDS
The ‘package people’, like the Madoff investors, have all been ripped off, too: but most of them can’t reconcile themselves to this reality. Earlier this year, President Bush Jr. (43) was quoted as having uttered evil words which, in translation, meant that these people can shout and scream to their dying day, and they will never receive a single cent. Many of these unfortunate victims have died without coming to terms with the fact that they have been scammed by these very self-same high-level self-appointed corrupt élite financial terrorists and fraudulent finance criminals that are being exposed by this service, as the biggest financial criminal crisis in world history unravels.

They cannot enforce anything inter alia because of ‘non-disclosure’ documents that they may have signed, the nebulous identities of the parties with whom they entered into their transactions, and the fact that, wittingly or otherwise, they breached the old Prudent Man Rule, which is not a legal matter but an issue of prudence which would weigh against them in any court proceedings which cannot be brought because the Ponzi frauds were structured so that no-one could ever be held accountable. That’s what we meant by the ‘Never-Pay Syndrome’ – invented by George H. W. Bush Sr., the physical embodiment of Lucifer on earth, and the technician with whom he has fallen out, Dr Alan Greenspan, whom the Bushite CIA dogs have recently punished by pulling down the House of Madoff and making off with the trillions and trillions of dollars’ worth of proceeds (money ‘OUT’).

Meanwhile, to keep the middle-class US investor victims from reaching in unison for their guns in their attacks, an elaborate, cynical Psy-Ops operation has been mounted by CIA counterintelligence cadres through controlled outlets and their possibly unwitting disciples for years, to keep all these victims expecting resolution at the end of the rainbow.

But their money has long since been STOLEN, and incorporated into the vast revolutionary self-enrichment Ponzi money machine for the odious Luciferian globalist elite – even as members of this discredited class are at each others’ throats now that their immense system of Ponzi scams is sagging or crumbling, and as the Bush Crime Family and associates make haste to shovel as much illicit money down to the Southern Cone as can be achieved within the very short space of time left for these people before they reap the consequences of their unspeakably cruel, selfish, ruthless, criminal and reprobate behaviour.

The above should not be construed as meaning that ‘the ransacked’ have no eventual remedy: but their condition is unfortunately probably as parlous as the victims of the Madoff Ponzi takedown.

• Whoever denies this is de facto assisting the CIA’s evil ‘Psy-Ops’ operation against the victims.

OTHER HIDEOUS DIMENSIONS OF THE POISON OF THE OCTOPUS
Of course that dimension is only one segment among a myriad past and ongoing scams, many of which are focused on ripping off officially sponsored programs at a Federal, State, county and city level via the courts, schools, parks and Environmental Protection Agency (EPA)-related projects, foundations, charities, cemeteries, hospitals, welfare agencies, nursing and home health care operations, you name it. These scams involve inter alia the use of ‘Asset-Backed Securities Trust Pools’ (2006-HES) and ‘Mortgage Pass-Through Certificates’ (Series 20006-HES).

Details of such scamming have been dug up by investigators into horrendous ongoing property-related scams in Arizona linked to NAMED high-level criminalists, and separately began to emerge during a recent Cook County foreclosure, in which the Judge ordered the bank and the victim into the hallway to ‘work out a settlement’: evidently the Judge didn’t want the relevant information to be revealed in Court, probably because his name was on the list and he himself was implicated.

Literally thousands of companies are associated with this scamming operation, using Mortgage Electronic Registration Systems, Inc. (MERS) as the transfer vehicle. In essence, these criminals, consisting of attorneys, judges, bankers and others, are simply transferring properties without the owners’ knowledge, prior to foreclosure, with most of the accounts in question found to be held with Fidelity Investments, we have been informed. The stolen property then becomes available as collateral for further fraudulent finance operations.

‘MAINSTREAM’ AND COURTS CONCERNED, FOR NOW AT LEAST, ONLY WITH THE MONEY ‘IN’
Concerning the Madoff dimension, in the foregoing survey, it will have been noted that while an estimated $50 billion is said to have been ‘lost’ as a consequence of the collapse of the Madoff operations, untold trillions of dollars came out the other end.

To elaborate: the US and global ‘mainstream’ media, as well as the United States District Court for the Southern District of New York, and the Bankruptcy Court, are ostensibly (to begin with, at any rate) concerned with the estimated ‘losses’ of $50 billion which have been widely publicised, based on the many documents filed with the Court (of which the Editor, by visiting the Court, obtained a complete set extant up to 21st December 2008, during his pre-Christmas visit to New York).

But that’s just the money ‘IN’.

NONE OF THIS MONEY HAS VANISHED. IT HAS ALL BEEN STOLEN.

What about the money ‘OUT’?

This, of course, as revealed above, is of a far larger order of magnitude, given the following:

• Leveraging operations doubtless conducted by Bernard L. Madoff’s office itself, perhaps at 3: 1, within the United States.

• Leveraging operations consistent with the illicit fraudulent finance operations that are typically conducted by the Bush-Clinton fraudsters, up to 40:1 which will have been conducted through Madoff’s London office, with counterparties in Britain. Switzerland, Spain, Austria, France, etc.

By means of the usual high-yield investment program leveraging and hypothecation operations, the base $50 billion will long since have been converted into trillions of dollars; and it is confirmed that the proceeds were transferred in large part via Israel to the Southern Cone of Latin America (Paraguay, Argentina, Uruguay, Brazil), where significant numbers of Bush-linked operatives and associates are reported to us to be congregating.

Significant proceeds will also have been transferred to Russia and/or converted into untraceable, portable precious gems like raw diamonds, held in Rotterdam or in London lock boxes such as those at Coutts Bank, used as the money-laundering institution for the Blair-Bush Deutsche Bank-Vatican Bank financing operation brokered by Bernie Ecclestone and laundered through Coutts Bank, which is The Queen’s Bank, acting as the clearing house and providing the operation with false ‘legitimacy’ behind Her Majesty’s back.

As we have seen, far from Madoff‘s operations having been ‘stand-alone’ from the gigantic Bush-Clinton-CIA orchestrated fraudulent finance giga-scandal that is unfolding, therefore, they formed a prominent and integral part of the overall global fraudulent finance Ponzi scamming machine.

Furthermore, the methodology employed to STEAL ALL THE MONEY (THE TRILLIONS, NOT JUST THE BILLIONS), was the standard procedure used by the US criminal intelligence community in all previous such instances – namely, to implode the operation.

STANDARD ‘BCCI PROCEDURE’: COLLAPSE THE ‘MONEY MACHINE’, RAKE OUT THE MONEY
That’s what they did with BCCI, walking away with over $9.0 billion clear. That’s the same model as was applied in the cases of ENRON and Iceland. And that’s what Bush Sr. ordered in the Bernard L. Madoff case. By imploding Madoff, the crooks GET TO WALK AWAY WITH THE LOT.

• That’s the crucial reality that everyone is MISSING. THE MONEY HAS ALL BEEN STOLEN.

No doubt the timing of the Madoff takedown was influenced by the consequences of the implosive events of September 2008, which will have triggered the thought in the minds of the top criminalist strategists that it was now time to apply the ‘BCCI treatment’, i.e. to close down Madoff altogether, let all the subsidiary Ponzi schemes and their investors flounder, make off with the ‘money OUT’ in toto, and (in Bush’s mind) deliver a body blow to the Jewish community and Israel at the same time.

POSSIBLE ISRAELI TIT-FOR-TAT FOR THE BUSH-TRIGGERED MADOFF TAKEDOWN
IN RETALIATION for this Bush-sponsored ‘BCCI/ENRON treatment’ of the Madoff Ponzi carousel, the Israelis have leaked supposedly devastating money-laundering and bribery information showing how Mossad and other Israeli parties reportedly transfer money from the Israeli Government direct into active US Congressional campaign accounts (illegal foreign donations), with funds also being wired directly from Israeli Government bank accounts into active personal accounts of Members of Congress. The sources publicising this information reportedly received electronic files showing bank account numbers, bank routing numbers and account numbers for NAMED Members of the the US House of Representatives, the US Senate, and even elected officials in various States.

The incoming data allegedly showed routing numbers of the receiving banks revealing that certain Members of the US Congress and of the US Senate have bank accounts in places like Barbados, Liechtenstein, Switzerland, the Turks and Caicos Islands, the Cayman Islands and London.

Electronic file data sent over to source from Israel was said to reveal names of leading US law firms and dubious front corporations all over the United States. However, significantly, ABSOLUTELY NO CONCRETE DETAIL, SUCH AS ACTUAL BANK ACCOUNT DATA, had been published by the 4th January 2009, the initial outline surfacing via a non- anonymous website on New Year’s Eve.

Whether this data ‘firms up’ into hard information or not, the context in which it should be viewed at this stage is that it could represent a direct Israeli tit-for-tat ‘Psy-Ops’ operation in response to the body blow inflicted upon Jewish interests as a consequence of the Bush-Clinton-triggered Madoff takedown. We are well into the ‘Samson’ period now: the gloves are off everywhere.

Even if the data is not confirmed, it surfaced specifically in the context of the Madoff ‘takedown’, albeit clothed by the leak source as motivated by disgust at the onslaught against the Palestinians, of whom more than have been reported were stated to have died. The source added: ‘I intend to publish this information, including names, dates and account numbers, on the web’.

• By 4th January, an estimated 260,000 Palestinians lacked water and roughly the same number lacked electricity. Some 80% of the population relies on food aid, requiring 400 food trucks a day into the Gaza Strip. Only 100 trucks are being allowed in, according to the BBC.

STOKING UP ANTI-SEMITISM: A CYNICAL ‘ADDED BONUS’ FOR THE REVOLUTION
Now, on the back of this, Mr Bush Sr. and his fellow Nazis (notwithstanding that the Bushes are German Jews, originally) will have relished the prospect of destroying large numbers of competing Jewish foundations, investors, competitors, and other entities and enterprises – reducing Palm Beach, which was infiltrated and basically taken over by Americans of Jewish extraction from the 1960s onwards, to a state of near-hysteria, given that Jewish sources with whom we are in contact state that many Jewish investors there have been ‘wiped out’. We received a report (see below) of Jewish people in Palm Beach having been reduced to selling their Christmas/holiday presents in desperate hand-to-mouth attempts to raise liquidity.

• In an interesting by-product of this development, certain Jewish foundations that have been wiped out or rendered useless in the New York area, had been financing revolutionary agitprop operations promoting homosexual marriage and the usual array of leftish Gramsci-tradition cultural revolutionary abominations designed to destroy what remains of Christian standards and culture, a key objective of angry, deluded Babylonian revolutionary Jews: the takedown of these people has put a stop to these activities in some instances.

As a clear consequence of the revelations from the Madoff scandal so far, latent anti-Semitism (as anticipated by this service) has predictably intensified. On 20th December 2008, Agence France-Presse reported from New York that ‘anti-Jewish commentary is inundating the Internet following Bernard L. Madoff’s arrest on charges of masterminding one of the biggest Wall Street frauds in history’ [sic] – indicating of course that the media will continue focusing on the Madoff dimension, as intended, while the much bigger perpetrators behind Madoff consolidate their getaway with the ‘money OUT’ as described in outline here.

The Anti-Defamation League (ADL) reported that there had been “an outpouring of ant-Semitic comments on mainstream and extremist websites”. The French agency cited an ADL statement that ‘site users have posted comments ranging from deeply offensive stereotypical statements about Jews and money – with suggestions that only Jews could perpetrate a fraud on such a scale – to conspiracy theories about Jews stealing money to benefit Israel’,

Abraham Foxman, National Director of ADL, elaborated:

‘Jews are always a convenient scapegoat in times of crisis, but the Madoff scandal and the fact that so many of the defrauded investors are Jewish has created a perfect storm for the anti-Semites. Nowadays, the first place Jew-haters will go is to the Internet, where they can give voice to their hateful ideas without fear of repercussions’.

Among entries reported to be featured in the electronic files referencing financial transfers from Israeli Government bank accounts to bank accounts in the United States is a series of entries showing transactions between Loh’ama Psichologit to the Anti-Defamation League in New York City. A Google search for Loh’ama Psichologit shows it to be the Literature and Propaganda segment of the Israeli intelligence organisation Mossad.

The Editor has a friend who is Education Director of a Jewish School and Synagogue in a certain US State. In discussion about the misbehaviour of certain people of Jewish extraction some years ago, the Editor pointed out that these people seemed intent on repeating the mistakes of the past and on stoking the latent fires of anti-Semitism. The Editor recalls his friend’s exact response:

‘Yes and these people cause our community immense concern all the time’.

Our unsolicited advice to Mr Foxman is that he should direct severe criticism publicly, or behind the scenes if he prefers, to his own community, and should issue grave warnings to these people about the prospective consequences of Jews being identified as perpetrators of financial frauds in the prevailing climate. The fact that almost all the identified victims of the Madoff scandal that have been identified to date are Jewish, misses the point – which is that no distinction is liable to be made in the minds of those criticising the Jewish community, between victims and perpetrators.

Likewise, in ‘a very worst-case scenario’ that history again repeats itself, no distinction whatsoever will typically be made between those Jews perceived to be villains, and righteous Jews. That is the danger on which Mr Foxman and his friends should be concentrating.

In case some people are still mystified as to why there is warfare among the Jews, may we remind you of the Editor’s old story about the nice lady who took pity on him when he was employed briefly with the merchant bank S. Japhet & Co., St Swithin’s Lane, in the City of London, in 1959. It was the time of the Eichmann trial. The middle-aged Jewish lady used to sit with your young correspondent occasionally in the canteen. To the Editor’s naïve question: ‘What’s this all about? Eichmann’s Jewish!’ the lady replied: ‘Didn’t you know? A Jew’s greatest enemy is another Jew?’

DOUBLE-MINDEDNESS AND THE DOUBLE-CROSS TRADITION
In addition, one must remain aware at all times, as this giga-criminal finance scandal continues to unfold, of the ‘double-mindedness dimension’ characteristic of all key operatives. These people are ALL double-minded, in direct contravention of Jesus Christ’s warning on this central issue:

• ‘The light of the body is the eye: if therefore thine eye be single,
thy whole body shall be full of light’.

‘But if thine eye be evil, thy whole body shall be full of darkness.
If therefore the light that is in thee be darkness, how great is that darkness!’
Matthew, Chapter 6, verses 22-23.

‘The light of the body is the eye: therefore when thine eye is single, thy whole body also is full of light; but when thine eye is evil, thy body also is full of darkness’.

‘Take heed therefore that the light which is in thee be not darkness’.
Luke, Chapter 11, verses 34-35.

One of the layers of deep meaning here is that double-mindedness is wholly evil and represents, therefore, TOTAL darkness. It is often noted that the criminals we identify can be quite pleasant to meet (albeit there is always a spooky dimension to all of them). But their fake ‘niceness’ masks the fact that their orientation is in fact the opposite. They pose as ‘reasonable’, ‘decent’ people, but their eye is evil: they are Dark Actors Playing Games. Furthermore, they employ the duplicitous dialectical method at all times. Hence, in summary, they routinely:

• Say one thing and do the opposite;

• Double-cross their collaborators and associates;

• Renege on all their undertakings; and:

• Relish application of the standard duplicitous intelligence community ‘bait and switch’
technique to entrap their targets.

Now George W. Bush Sr. ROUTINELY DOUBLE-CROSSES EVERYONE WITH WHOM HE DEALS, and there are NO exceptions to this rule. The same applies to his duplicitous son. So do not be in any way amazed, sceptical or scandalised that Bush Sr. and his criminalist intelligence associates will have specifically pulled the rug from beneath their collaborator, Bernard L. Madoff.

‘MADOFF TAKEDOWN’ RELEASED TRILLIONS TO BE STOLEN WITH EASE
On the contrary, this operation has released trillions of dollars (probably running into the hundreds of trillions) into the hands of the criminalist operatives directed by the Bush-Clinton-CIA Octopus, while at the same time destroying a large part of the Jewish community and delivering a bodyblow to Israel in the process. After all, Bush Sr., of German Jewish extraction, consorts with the Arabs.

Therefore so far as the ‘German’ element of the Octopus is concerned, the Madoff takedown has been a superbly ‘successful’ operation – releasing immense resources ‘free’ into its hands, while undermining Jewish elements in the process. Don’t forget, either, that each arm of the Octopus is permanently entwined with other arms, locked in struggles to the death – with every component of the Octopus at various times or simultaneously at loggerheads with or fighting other arms, or all of the arms. After all, Satan is the author of all lies and confusion, which is the stinking River Styx of death in which these world-class criminals operate.

• That they will all drown in its foul waters is a certainty.

GLOBALIST STRATEGISTS DESTABILISED BY SUCCESSIVE EXPLOSIONS
So, despite occasional confusing appearances to the contrary, the global financial showdown that we predicted is now blowing up in the faces of almost all the primary Illuminati cadres and figures, with linked secondary explosions going off at intervals at an ever increasing pace – leaving the criminalist participants, for the most part, staggering around shouting and snapping at each other incoherently. Even so, there are still some of their caste, equipped with fewer brain cells than their comrades-in-crime, who would appear to have not yet understood that there has been a decisive discontinuity, thanks to the relentless exposures, and that the criminal finance community have been rumbled, and are being progressively brought to their knees.

Their Dirkeim Paradigm – after Emile Durkheim [1858-1917], who postulated that criminal behaviour is humanity’s norm and that ethical conduct is anomalous – has been turned on its head, so that the criminalists are now increasingly seen to be the anomie, with the Rule of Law, however degraded and corrupt, starting to reassert its primacy in the United States, at least in patches.

This development, to which this service has contributed, has come as a nasty shock to those criminalists who have grasped the outline of what has happened, because they had been in the ascendancy and in control for 25 years, and truly believed that their Criminal Republic had been successfully established and could never be challenged, let alone dislodged.

They thought that their fake wealth factory, based on hypothecating often stolen or diverted assets up to 40:1 (in London, for instance), would continue for ever. And they imagined that no-one would or could ever stand up to them, given their long-term success in compromising, through blackmail and/or bribery, almost everyone on their darkened stage.

Instead of which the successive bombs that have gone off and continue to explode ‘unexpectedly’ in their faces (and will continue to do so for many years ahead) have disfigured their self-righteous images of false rectitude, so that the whole world can now see these double-minded, two-faced rats for what they are: the greedy, decadent scum of the earth who have had their filthy day, and large numbers of whom face (or are already serving) extended periods of imprisonment, with 25 years apparently the norm. Others have suffered ‘neutralisation’ – the currently fashionable euphemism for being bumped off.

UNPRECEDENTED ADMISSION BY THE IMF MANAGING DIRECTOR THAT ELITE IS TO BLAME
It is against this background that one of the most prominent members of the contemporary self-appointing élite, Dominique Strauss-Kahn, Managing Director of the International Monetary Fund, has actually become the first of their number to acknowledge publicly that an attempt really has been made by this self-same arrogant, globalist Elite Power Continuum, to steal the wealth of the whole of humanity for themselves.

Specifically, the Fund’s Managing Director warned in a speech given in Madrid on 16th December 2008 that ‘social unrest may happen in many countries – including advanced economies… Violent protests could break out in countries worldwide if the financial system is not restructured to benefit everyone rather than a small élite’.

In a BBC interview on 21st December, M. Strauss-Kahn said ‘we are in the biggest crisis we have experienced for 60 or 70 years’, and indicated that the IMF forecasts due in January 2009 would be even bleaker still. However as the Managing Director of the Fund knows that the underlying cause of the crisis is unfettered fraudulent finance, stealing and criminality, he is also well aware that no forecast that Fund’s experts may issue in the foreseeable future will capture the horrors in store – given that, in the face, for instance, of all our exposures, the US criminalists have CONTINUED with their fraudulent finance operations, long after they have been exposed in general terms, resisting implementation of the G-7-Approved Refinancing Programme, which will implement capital markets transactions on-the-books to refinance the banks and to endow the US Treasury with a stream of windfall tax receipts on an ongoing basis.

The intention, up to the end of 2008 at any rate, was to apply the G-7-Approved Refinancing Programme but to run it through the White House – where, of course, it would be corrupted and would immediately revert to corrupt debt-generating fiat money ‘business as usual’. As indicated above, this intention has been thwarted.

Never before has a member of that self-appointed élite openly warned that its own behaviour was risking a global upheaval: indeed, never before has a member of that élite even acknowledged that it exists as an organised force for evil. Those of us who have done our due diligence know this to be the case; but it is unprecedented for a superior member of the caste to agree with us. French journalists inform us that the highly intelligent IMF Chief is known for his clear thinking and for his commendable verbal precision and directness. One may deduce, therefore, that this observation represented a blunt warning to the few high-level criminalists who were still seeking to resist the inevitable as late as the Christmas week, that their behaviour cannot be tolerated any longer.

M. Strauss-Kahn’s remarks echoed those of another ‘insider’, Senator Christopher Dodd, Stalin’s grandson, who, commenting on the banks hoarding money, told The New York Times in October that ‘if it turns out that they are hoarding, you’ll have a revolution on your hands. People will be so livid and furious that their tax money is going to line their pockets instead of doing the right thing’.

‘There will be hell to pay’.

It would appear that even high-ups among the self-appointing globalist élite have realised that the most prominent criminalist operatives within the folds of the Octopus have overstepped the mark – threatening the collapse of the entire financial system, having chosen throughout the build-up to the present defining moment, to assume that certain banks faced liquidity problems, rather than a SOLVENCY crisis (of their own making, but a solvency crisis nonetheless).

It is unprecedented for representatives of the Illuminati-associated structures to issue warnings against their own fellow perpetrators.

BANKS HOARDING MONEY IN CASE DTC GUARANTEES ARE CALLED
Meanwhile, as the fragile world financial economy hovers on the brink of catastrophe with, as Senator Dodd has correctly gauged, the banks hoarding the funds that have been doled out by governments, the main issue early in January 2009 was: why are they doing this?

• The correct answer to this question is broader than the popular generic assumption that the banks are hoarding cash in order to avoid bankruptcy.

The reality was that the big complicit institutions have been hoarding fungible cash-cash to post against the vast derivatives exposures (see above) (on the working assumption that it cannot be that the guarantees will all have to be applied at once), in accordance inter alia with their stringent obligations under Basel-II. In the United States, the two institutions in the deepest trouble in this respect are Citibank and JP MorganChase.

These institutions have not only hoarded the cash dished out to them by the Treasury under the corrupt Henry M. Paulson Jr., which means that Mr Paulson has been bribing them to refrain from disgorging the Settlements funds, but have also, as repeatedly reported by this service, duly held onto and illegally presided over the exploitation of the $14 trillion on-the-books LOAN money made available to them for the sole purpose of financing the Settlements by Her Majesty The Queen, Prince Al-Aweed Al-Talal, and the Chinese parties.

These LOAN funds were made available by these highest-level parties in 2007 so as to finance the Settlements and thereby to provide the on-the-books resources to start the aforementioned G-7-Approved Refinancing Programme of capital markets transactions which will liquefy the banks on-the-books, while providing the Treasury with an ongoing cascade of tax receipts at 35% per annum out into the future – all ON THE BOOKS, as opposed to the prevailing Durkheim Octopus ‘system’ of debt-oriented legalised corruption which has resulted in the proliferation of unfunny money out to infinity stashed untaxed in offshore accounts for self-enrichment purposes and the financing of ‘Black Ops’ adventures and abominations.

• The LOAN funds, held from mid-September onwards in ‘lock-down’ so that they could not be used for ANY purpose other than to finance the Settlements, were lodged within the custodial group within the JPMorganChase US Treasury suspense account with Citibank.

When the $14 trillion LOAN funds were placed into lockdown effective 12th September 2008, they were at once subject to a stronger category of control than is implied by the word ‘frozen’, which we can certainly assert metaphorically to mean that tampering with one cent of such funds would be tantamount to an act of war.

As soon, then, as the said LOAN funds were placed into ‘lockdown’, the stock market and related sectors imploded and threatened to collapse. It then immediately transpired, given this collapse of the stock market during the week ending 19th September 2008, that the $14 trillion of LOAN funds had been illegally deployed to prop up the illicit US interbank carousel and to provide the base for leveraging and hypothecation operations – facilitating corrupt exotic ‘business as usual’, which was ‘why’ the Settlements had been delayed for a good 15 months beyond the approximate stage that the LOAN funds were first made available to replace the funds that had earlier been diverted, stolen and/or encumbered, including the $4.5 trillion that was provided by the People’s Bank of China in May 2006 referenced in our earlier reports.

The ‘lockdown’ of the LOAN funds, buttressed by the backwash from the London ‘Safety Lock Box’ raids on 2nd June 2008, has driven all subsequent events, forcing the US criminalists to the wall (where they risk being shot) and lighting the fuse for the series of bomb explosions, which will be prolonged and will continue for many years.

Unsurprisingly, it was on Saturday 20th September 2008, within days of the 12th September 2008 ‘lockdown’ of the $14 trillion, that the Editor of this service received the ‘triple gunshot voicemail’ reported earlier. It can now be revealed that the message conveyed by this macabre voicemail was this: ‘We will kill you for what you have done’.

CORRUPT ‘BUSINESS AS USUAL’ PLANS IN DISARRAY
However the outcome has so far been encouragingly different. In the first place, Robert Rubin, the Clintons’ Citibank-based financial ‘minder’ (guardian of the Clintons’ ill-gotten gains, including illicit profits derived from the exploitation of Her Majesty The Queen’s gold which was diverted during the ‘unscheduled’ British banking ‘black hole’ shutdown on 29th-30th March 2007) – was ordered to ‘get your … out of Citibank immediately’, in mid-December.

When we followed this intelligence up, we were advised that Rubin’s presence within this criminal enterprise being no longer required, he had been faced with no choice but to hasten for the exit. However as the ALPHA operation (and possibly other CIA covert criminal financing operations) are still running, one can take it as read that this hands-on fraudulent finance specialist is still up to his neck in related activities.

On 4th December 2008, The New York Post reported the progress of an investigation of the rôles of Mr Robert Rubin and the former Citibank CEO Chuck Prince in what the newspaper called ‘a Ponzi-style scheme that’s now choking world banking’, implying that some ‘mainstream’ journalists have belatedly been following this website after all. The report gave outline details of a Federal lawsuit by Citigroup investors represented by the law firm Kirby McInerney, which had produced a 500-page report alleging what the paper described as ‘a complex cover-up of toxic securities that spread across the globe, wiping out trillions of dollars in their destructive paths’.

Investor plaintiffs in the suit have accused Citigroup management of ‘overseeing the repackaging of unmarketable Collateralized Debt Obligations (CDOs) that no-one wanted – and then reselling them to Citibank and hiding the poisonous exposure off the books in shell entities’.

The lawsuit stated that ‘when the bottom fell out of the shaky assets, Citigroup’s stock values collapsed, wiping out more than $122 billion of shareholder value’, but that Rubin and other top insiders cashed out for themselves via ‘suspicious’ share sales ‘calculated to maximize the personal benefits from undisclosed inside information’.

The investigation conducted by Kirby McInerney was applied to amend and add new details to a blanket investor lawsuit filed against Citigroup following the exposures by this service in the fall of 2007. Consequent upon our exposure of the recycling of the standard ‘Bernie Cornfeld’-style Ponzi scheme technique, the amended lawsuit called ‘the actions of Citi leaders “a quasi-Ponzi scheme” to hide troubles – and keep Citi stock afloat while insiders unloaded about three million shares’ between 1st January 2004 and 22nd February 2008 for huge profits.

The Complaint named Citigroup, Rubin, Mr Prince, Vice Chairman Lewis Kaden, ex-Chief financial Officer Sallie Krawcheck and her successor, Gary Crittenden. The suit specifically stated that Rubin cleared $30.6 million on his stock sales, while Prince cleared $26.5 million, former Chief Operating Officer Robert Druskin grabbed nearly $32 million and the former Global Wealth Management unit chief, Todd Thomson, enriched himself by $25.7 million.

• The significance of this case is that it adds to the pressure on the criminal enterprise on top of all the other pressures, including the ever-present possibility (at the time of posting) that the LOAN funds provided inter alia by Her Majesty the Queen might be called at any time.

SUCCESSIVE WAVES OF DEFAULTS OUT TO 2012-2014
The bombs set off by the events of last September are exploding all over the place, and they will continue exploding for the next four or five years as components of the nexus of financial fraud peak in succession (the so-called ‘sub-prime’ element being only the first of the megaton nukes to have exploded to date). Still to explode between 2009 and 2012/2013/2014 into a chasm of defaults, are other manifestations of the legalisation of financial corruption, such as Credit Default Swaps (CDSs) and all forms of securitised fake ‘assets’, Alternate A ‘assets’, and ‘Adjustables’.

In non-technical language, the Credit Default Swap overhang matures and peaks in 2009, while the derivatives ‘originated’ on the basis of other residential assets, commercial property, credit cards and auto loans will ‘peak’ in disorderly sequence between 2009 and 2012-14. This means that even when remedial circumstances such as the actual implementation of the on-the-books G-7-Approved Refinancing Programme do come on-stream, high-yield residual financial sector nukes will still be exploding ‘unexpectedly’, taking the ‘mainstream’ media by surprise, as usual. There is nothing to be done now about this state of affairs.

THE STRENGTHENING OF BARACK OBAMA’S POSITION
Ever since he was briefed by the FBI in Chigaco on the day following his election victory, President-Elect Barack Obama, who ‘blew up’ himself when the duplicity of associates was revealed to him on that and subsequent occasions and who soon came to understand that his prerogative to appoint whom he liked to serve in his Administration had been somewhat pre-empted for him by the prior construction of a shell Administration for the Elite Power Continuum for him to accept on a ‘take-it-or-leave-it’ basis, Mr Barack Obama has demanded finalisation of the Settlements.

And as noted, he has himself been responsible for two of the most critical appointments – to the leadership of the Securities and Exchange Commission and the Office of Management and Budget.

THE FATE OF DELUDED HOLD-OUTS AGAINST THE SETTLEMENTS
As his position strengthened with the waning of the CIA’s sterile rearguard Bush-Cheney Internet campaign to discredit Barack Obama, and the Electoral College outcome on 11th December proved favourable to the President-Elect as expected, the President-Elect’s insistence on completion of the Settlements, to the fury of the Bush criminalists, has driven events at a hectic pace.

On Friday 18th December, Mr Obama warned that some 100 key people – including Attorneys whose firms must distribute the Settlement funds to the 1,000-odd Trustees for onward remittance – who have been protected hitherto, would cease to enjoy all immunity from the consequences of their complicity in financial crimes with effect from Monday 22nd December: indicative of the fact that if they were to impede the Settlements (as always, on the orders of Bush Sr.), they would be arrested, like the scores of bankers in Europe who have been arrested in successive waves over the past several weeks, and since the fall of 2007. On 18th December we received a report, for instance, to the effect that a further 12 ‘sleepers’ impeding the Settlements had been cuffed.

On 16th December 2008, it was reported/confirmed that five key Trustees in Europe had been arrested; and it is believed that these people were ‘taken down’ for prolonged periods.

• In addition, a not inconsiderable number of ‘sleepers’ and others taking orders from the imploding George Bush Sr. apparat have, in recent weeks been ‘neutralised’ – this being the currently fashionable euphemism for ‘liquidated’.

On 23rd December (5.35pm) the Editor was advised that a significant number of bankers and others had been ‘arrested’, taken away, ‘neutralised’ (liquidated) on the preceding day, in line with similar operations on the two preceding days and earlier. On 26th December 2008, it was confirmed to us that President Sarkozy, on behalf of all the European Union’s ‘Member States’, had issued ‘a final ultimatum’ to the criminalist US authorities for the Settlements payouts to be finalised by the end of the year (when Sarkozy’s six-month rotating EU Presidency came to an end), although as President of France, his ‘mandate to pay’ extracted from President George W. Bush at Camp David would not be affected (as the White House may have assumed). It was also confirmed to us from the United States that, despite everything that has happened, President George W. Bush STILL thought he was in charge of the Settlements process, given that the familiar blocking games played by the Bushes all along continued seamlessly following Sarkozy’ acquiring his ‘mandate to pay’.

On 28th December 2008, in a repetition of the familiar sterile obfuscating delay antics, a Trustee reported several instances of Trustees failing to turn up at banks for payouts, as has often been reported all along (one of the standard sabotage techniques) and that ‘they are working furiously to get everyone in place’, with ‘feelings really frayed right now’ – not that they have not been frayed ever since this service became involved with this crisis.

But for such a source to mention ‘frayed feelings’, giving the standard habit of understatement, reflected the extreme fractiousness of the situation, which has led to many sudden deaths, with more in the pipeline, according to our information. However, so successful has the Bush-Cheney disinformation, diversion, expectations-manipulating ‘Psy-Ops’ apparatus been throughout this coordinated operation to scam every target imaginable, that none of this unspecific ‘information’ can ever be relied upon: it is foolhardy for people to do so. Such ‘information’ can only become reliable when backed up by indpendent sources, as in the case of the jailed bankers in the UK.

The authorities under the incoming Administration would have the option of foreclosing on both Citibank and JPMorganChase in the event (as appeared to be the case immediately ahead of the Christmas holidays) of their continued intransigence, after partial completion of the Settlements in favour of ‘the countries’ on Thursday 18th December, which was the date when the US Treasury guaranteed value and the country recipients were said to have been ‘paid out’.

SHOUTING MATCH OVER PAYOUTS TO U.S.-BASED RECIPIENTS
But when it came to paying out the US-based recipients, the Editor gathered that a blazing row, or ‘shouting match’ developed, involving recalcitrant American refusals to disgorge tranches of the LOAN funds to US recipients. This row may have focused inter alia on the illegality of Citibank and other institutions even contemplating further misapplication of elements of the $14 trillion in ‘lockdown’ which could NOT be touched except for Settlements disbursement purposes.

According to our sources, the explosive international slanging and shouting match started on Friday 19th December 2008, when the US tranches of the Settlements were stalled, and was still continuing on Saturday 20th December, immediately ahead of the Editor’s return to London from New York on Sunday 21st December.

In the second place, the bailout providing loans worth $17.4 billion to Detroit automakers reflected NOT the desperate plight of the US motor manufacturers, but rather alleged EXTREME FEAR in the White House and the Treasury that if General Motors and Chrysler were to be placed into Chapter 11 bankruptcy, the consequent investigations would expose the fact that these household names’ balance sheets are stuffed with fraudulent securitised derivative assets, and that their accounts had been falsified for years since such dubious assets had been treated for accounting purposes as though they are ‘real’ assets – which is not the case, as they are worthless, although the system of legalised corruption dictates otherwise.

UGLY SITUATIONS FACING KEY PLAYERS
Any Trustee appointed under Chapter 11 procedures would be bound to report such information, which would set off colossal further aftershocks throughout the financial system, coming on top of the Madoff takedown which will continue setting off landmines way out into the future, despite any evidence of ‘insider’ attempts to contain the fallout – not least within the offices of the Securities and Exchange Commission, which allowed these corrupt practices to flourish (even as the SEC has been participating in the fraudulent finance trading operations on own account), in the context of the Gramm-Leach-Bliley Act of 1999 and the associated weakening of the stringent US securities legislation of 1933 and 1934, which, however, still applies and should have been enforced.

The fact that the Deposit Trust Clearing Corporation (DTCC) has been ‘guaranteeing’ these false securitised ‘derivatives’ assets, and has even boasted about clearing $1.8 quintillion of such junk as noted above, does NOT ‘guarantee’ the ‘value’ of such assets, given that they are intrinsically worthless: it simply confirms that the legalisation of US financial corruption has comprehensively failed to disguise the real-world reality that such false ‘assets’ are both illegitimate AND worthless, even though the legitimisation of corruption prescribes the opposite.

DECISION TO APPLY THE ‘BCCI/ICELAND/ENRON TREATMENT’ TO MADOFF
In the third place (but perhaps slightly in the wrong order), on Thursday 11th December, which we believe is about when the carousel finally ran out of fresh ‘IN’ resources altogether – as the events of mid-September had led to the drying-up of the secondary market, thus precluding the tapping of the secondary and tertiary markets for prop-up funds – all of the leading corrupted financial players suddenly discovered, in sync, that the cupboard was bare. Faced with this prospect, the Bush Sr. Crime and CIA criminal enterprise apparat is believed to have decided to apply the ‘BCCI treatment’ to the Madoff Ponzi scamming machine and its subsidiary Ponzi operations – just as it had earlier pulled the plug on ENRON and, more recently, Iceland, a conveniently located fraudulent finance platform established/exploited by Bushite associates (e.g. Khaled Aziz, Hospice Trust, etc).

The routine practice appears to be that as soon as one of these Ponzi fraudulent finance carousels reaches a tipping point, the criminal finance engineers deliberately allow the fake money machine to implode, rakes all the cash out for itself, and leaves all the deluded investors and (in this case) the subsidiary Ponzi investor funnels dangling, like the ‘package people’.

One consequence of this development was that lame-duck President George W. (Dog) Bush Jr. was reported to have asked his lawyers whether he could continue to stall on the Settlements (so that he could wind up stealing some more money) and what would the likely consequences be for him personally if he did so. Our sources informed us that his corrupt lawyers responded words to the effect: ‘Well, you’ve got away with it so far, so what’s the problem?’

By responding corruptly in this manner, the President’s co-conspiratorial Attorneys revealed how far behind the curve and how compartmentalised they have remained, since the reality is that Bush II has NOT ‘got away with it’ and is manifestly defeated and stretched flat out on the rack, despite theatrical appearances to the contrary. The Bushes may THINK that they have raked out all the money and have ‘won’, but as explained above, they are liable to lose the lot.

In any case, since President Sarkozy obtained his ‘mandate to pay’, the outgoing President Bush has not been in control of events, even though it is clear from this episode and from his behaviour generally that he thought he was still in charge. Maybe it all depends on his daily intake.

BELATED OPERATION TO DISCREDIT PRESIDENT SARKOZY
Meanwhile an operation was noted in December 2008 apparently to destabilise President Nicolas Sarkozy and to place him under a cloud, focused on the huge Clearstream corruption and money-laundering scandal that has grown a new leg – with inter alia the revelation, extracted from widely available Clearstream historical spreadsheets, that Sarkozy holds or held two secret accounts in false names, Paul de Nagy and Stéphane Bosca. We were suspicious of this sudden eruption, given that the ‘intelligence’ proffered and pilfered for international public consumption was extracted from documentation that has been circulating for several years; so it represented nothing new.

But specifically, it was reported on 18th December 2008 that Sarkozy might soon be facing renewed charges that he was at the receiving end of corrupt foreign funds through the Luxembourg-based Clearstream entity. President Sarkozy’s father’s full name was M. Nicolas Paul Stéphane Sarkösy de Nagy-Bosca. The Clearstream money-laundering scandal connects directly with American political and ‘Black Ops’ financing operations through Bank of Credit and Commerce International (BCCI), Banco Ambrosiano (the Vatican: see the preceding report), Bahrain International Bank (associated with the deceased – as of 26th December 2001 – Osama Bin Laden), and Bank Menatep, the KGB entity previously headed by the disgraced and then imprisoned covert Soviet KGB operative and oligarch and former minor Gorbachëv-era Minister, Mikhail Khodorkovsky.

The Clearstream data of which this service has been aware for several years contain accurate information, indicating that allegations by the Sarkozy entourage that the spreadsheets that have been in circulation for the past several years are forgeries, are false. M. Sarkozy was reported in February 2007 and earlier to have received corrupt funds from Zug-based Marc Rich, a.k.a. Hans Brand, the long-range DVD operative and corrupt financier who was notoriously ‘pardoned’ by President Clinton during his last hours in office (see above). The man who is now President of France was also alleged in 2007 to have received funds from Russian-Israeli mafiya accounts of Bank Menatep. However the ‘surfacing’ of this OLD intelligence is obviously suspect.

WHAT PRESIDENT BUSH JR. WAS REALLY UP TO IN BAGHDAD: TRYING TO STEAL MONEY
On Saturday 13th December, Bush Jr. appeared in Baghdad where, on 16th December 2008, he narrowly escaped being hit on the head by what have become the most famous footwear items in history – thrown by Muntadhar al-Zaidi, the courageous Iraqi TV journalist working for al-Baghdadia satellite TV station, who followed and reported on the US Apache helicopters’ trails of death and destruction, and has been a relentless exposer of the gross, Nazi-style abominations and atrocities committed by the US forces in Iraq. Throwing one’s shoe at a person is the ultimate insult in the Arab world and also anywhere in Europe from Austria eastwards.

The first airborne shoe was accompanied by the following pertinent imprecation:

‘This is the farewell kiss, you dog’.

At least, that is what was widely reported. Less widely reported was what the journalist shouted to accompany the arrival of the second airborne shoe:

‘This is from the widows, the orphans and those who were killed in Iraq’.

As the Iraqi and Arab satellite stations broadcast this expression of pent-up fury and outrage at the brutality of the invading and occupying US forces, and of the CIA’s cadres with their hideous ‘Black’ abominations from Abu Ghraib onwards, regional TV stations and media websites were inundated with messages of adulation. The Guardian summarised the content of these messages thus:

‘Bush is a mass murderer and a war criminal who sneaked into Baghdad. He killed a million Iraqis. He burned the country down’.

Ostensibly, ‘the Dog’ was in Baghdad to sign off on the negotiated troop withdrawal arrangements, this being presumably Bush II’s final Iraq-related act as the most despised US President in history. But in actual fact, what Mr Bush was really more interested in, was stealing money.

• Two impeccable sources informed us on 16th December 2008 that he attempted to steal a large sum while in Iraq, only to be informed that the funds had been placed beyond his reach, under the protection of the World Court.

So the workings of the devious mind of this cunning little criminal dog-snake had been anticipated in advance, given that it would have been known that he was to make a flying visit to Baghdad over the weekend of 13th-14th December 2008 (even though the visit was ‘secret’). Mr Bush’s failure to steal money from the Central Bank of Iraq or indeed from any other component of the Iraqi financial infrastructure may account for the man’s ‘crushed’ appearance during subsequent TV broadcasts.

NO DENIAL OF THE MORGAN STANLEY TERRORISM FINANCING CENTER
While all this was developing, our report exposing the office suite within Morgan Stanley known from the relevant investigation in 2007 to be the Terrorism Financing Center specialising in the financing of the projection by the corrupt revolutionary United States of secret ‘Black Ops’ global terrorism operations headed by the US-created hydra called Al-Qaeda, had already been in the public domain for OVER THREE WEEKS. This exposure, which stemmed from our knowledge that the Provost Marshal was refused entry to this office suite with his accompanying personnel when he attended Morgan Stanley’s premises in October 2007, and from the findings of the subsequent official but unreported investigation, prompted the following response:

• NO RESPONSE AT ALL:
From any of the CIA-controlled disinformation or confusion-mongering websites, which obviously, being CIA-backed outlets, could not ‘touch it’, with one exception. It was suggested by an observer that the breaking of this information was worthy of a Pullitzer Prize (although simple Brits don’t really understand what on earth that is). The comment was accompanied by the add-on that ‘it had better be true, or one wouldn’t want to be in Story’s shoes’. Well, Story remains, at least as of the time of writing, in the new shoes that he bought in order to be properly dressed for his fourth daughter’s candle-lit wedding in our 11th century parish church on 13th December 2008.

• NO REFUTATION WHATSOEVER from any Fourth or Fifth estate source. Manifestly, if the report were untrue (which is not the case!), it would have been necessary at some stage to discredit it. But this has not happened, because the report is true, as you would expect.

Now it is a fact that this information, which had been known for over a year by our sources, who had previously been precluded from revealing it to us, was made available for a very good reason. Even though, as indicated above, the report has so far been confined to this website, that doesn’t matter because of the website’s immense global coverage. The reality is that this information is out in the public domain, so that governments worldwide have picked it up and know the truth of the matter (if it had been withheld from them by their penetrated intelligence services).

AL-QAEDA WILL HAVE TO BE CLOSED DOWN: BY BARACK HUSSEIN OBAMA
It can therefore only be a matter of time before Al-Qaeda is wound up.

• And who do you suppose has been positioned to achieve just that outcome?

• Why, Barack Hussein Obama, of course. Let us explain, in case this is not clear.

Treating the 25 years of the Reagan-Bush-Clinton ascendancy as the Thesis (Clinton has all along ‘worked for’ Bush Sr., but carries the opposite (dialectical) political label), we are now presented with the purported Antithesis under President Barack Obama.

• Although the Elite Power Continuum remains in place, the team members have been switched.

The socialist-internationalist British Prime Minister Gordon Brown pronounced on 14th December that Al-Qaeda was planning 20 separate terrorist attacks on civilian targets in the United Kingdom. However being also a blackmailable intelligence officer, Mr Brown knows perfectly well, or should know, that Al-Qaeda has been financed inter alia via the Morgan Stanley-based Terrorism Financing Center (our name for the abominable suite within that corrupt financial enterprise in Midtown New York City). It therefore follows that Brown may be a duplicitous deceiver who knows the truth but hasn’t got the guts to expose it, because he is being blackmailed, or is just plain ignorant due to compartmentalisation or because his handlers have been instructed to leave him in ignorance – which might be the sort of behaviour to be expected from the current Germanophile head of MI6.

As a result of the London ‘safety lock box’ raids conducted by 300 armed Metropolitan Police officers on 2nd June 2008, details of certain secret offshore bank accounts with Henry Ansbacher, British Virgin Islands, a preferred DVD money-laundering and bribery payment recipient bank, were discovered. This fact places a questionmark over the futures of certain key UK figures.

Another possible explanation for Brown’s remarks would be that they represented a feeble attempt to discredit our report: evidently, Mr Story’s exposure of the Morgan Stanley Terrorism Financing Center ‘cannot be true, because why would Morgan Stanley be interested in mounting 20 attacks against America’s supposedly closest ally’?

Anyone who thinks like this hasn’t begun to grasp:

(a) That the so-called ‘Special Relationship’ has been degraded and corroded by the wayward and relentlessly evil operations of the DVD segment of the US Intelligence Power; and:

(b) That the deviousness of the evil DOUBLE-MINDEDNESS of these people is infinite: they have NO WAY of combating the truth other than with more lies. IF YOU HAVEN’T UNDERSTOOD THE DOUBLE-MINDEDNESS DIMENSION BY NOW, YOU’LL NEVER UNDERSTAND ANYTHING.

Anyway, our revelation of the existence of the Morgan Stanley Terrorism Financing Center also represented yet another HORRIBLE BOMB EXPLOSION in the faces of the recalcitrant criminalist revolutionary perpetrators, since, by definition, it signalled not only that Al-Qaeda would have to be wound up, but, even more to the point in our context, that:

• The United States’ reprobate and wholly inexcusable covert ‘Black Ops’ financing of terrorism worldwide through Morgan Stanley and possibly other criminalist US institutions, will have to be wound up, as well. This follows because now that this report has of course remained unchallenged, the US Government has come under pressure, and will remain under intensified pressure, from governments, other observers and this service, to close down these revolutionary abominations, and to make haste in doing so. The ‘discontinuity’ afforded by the arrival of a properly elected and validated (by the US Electoral College) new Administration (albeit the controlled Antithesis to the preceding Thesis), especially a man of Mr Obama’s ethnic background, provides the deliberately prearranged DIALECTICAL opportunity to achieve this desirable outcome.

We can leave our disgust and justifiable fury at the hideous behaviour of the revolutionary US Government and its ruthless Intelligence Power as a promoter and projecter of terrorism, to later.

FOLLOWING OUR MULTIPLE EXPOSURES, DVD NOW SAID TO BE ‘BITTERLY DIVIDED’
Recalling that the Intelligence Power controls the US Government, not the other way round, it can be seen that the Bush-directed neocon (Trotskyite/DVD) intelligence community’s ‘Faction A’ which has been surreptitiously promoting the World Revolution and causing mayhem around the world, is being superseded by an ‘opposing’ faction, which will now set about dismantling the worst features of the run-away revolutionary madness sponsored by Faction A.

The genies that the outgoing team’s evil people have let out of the bottle include the DELIBERATE ongoing CIA-originated radicalisation and mindless indoctrination of Pakistani youth, so that a huge swathe of that country, like Afghanistan, is in the hands of armed gangs, as is the case for the same underlying reason in large areas of Africa.

Given that the routinely treacherous British Foreign Office has a team in Rawalpindi which recruits Pakistani immigrants to the United Kingdom (each agent is said to be required to fulfil his quota of 15 Pakistani immigrants per working day, on a bonus basis), it is self-evident that elements of the British Government structures, by importing Pakistanis into Britain en masse, are actively engaged in working with the (DVD) enemy to destabilise the United Kingdom which they are supposed to be serving. This is among many such grotesque revolutionary aberrations that have come to light through recent forensic research by analysts whose brains have not yet been ‘washed’.

Such operations were originally masterminded by the Bush-linked DVD-servicing component of the corrupted US Intelligence Power, but have now all reached the ‘maximum chaos’ level and are in growing jeopardy, as we understand that, following our exposures (specifically), the Dachau-based DVD, related to Bush Sr.’s hellish activities, is now bitterly divided.

More and more of the DVD’s filthy operations are being exposed, including the transfer of little girls along with drugs and nuclear components by submarine, for unloading at a northern German port (where little girls have been photographed by clandestine operatives, being disgorged from one of the submarines in question).

DVD’S BRUSSELS BLACKMAIL UNIT AIMED AT EUROPEAN COMMISSIONERS: DG1-X
We now report a further dimension of DVD’s operations, which hopefully will accentuate additional splits in the ranks of German intelligence. The Brussels-located component of this shadowy ‘Black’ Nazi strategic deception continuum agency, labelled DG1-X, is hereby exposed. DG1-X specialises solely in compromising European Commissioners, which it divides into the following categories:

• European Commissioners susceptible to paedophile compromise for blackmail purposes; Subsidiary question: Do they prefer little boys or little girls? Refer back to our exposé of the President of the European Commission, José Manuel Barroso, in the DVD exposure report published in October 2008.

• European Commissioners susceptible to the standard honey-trap operation for blackmail purposes (provision of women).

• European Commissioners susceptible to the standard bribery/financial compromise operation for blackmail purposes (money-trap operations).

As we all know, other agencies ‘do this stuff’, as you will have read elsewhere recently on this website; and not all of them are ‘Black’. But the significance of this DVD unit is that it operates in Brussels specifically to target European Commissioners, who of course are away from home when they are stuck in the distinctly gloomy Belgian capital.

• The reason for the existence of DG1-X in Brussels is that the modelling of the European Union as a COLLECTIVE, in order to obscure the underlying intention for it to be controlled by Germany and to represent, ultimately, ‘Greater Germany’, as per the blueprint originally specified in ‘Europäische Wirtschaftsgemeinschaft’ [1942, Berlin], necessitated the incorporation of an add-on mechanism for ensuring that European Commissioners could always be relied upon to do Germany’s bidding. DG1-X probably targets other EU personnel as well as Commissioners.

• FACT: When the Editor recited this information of late on the transatlantic telephone line, the connection was immediately severed. This always indicates that what is being said is accurate (routinely showing what fools the eavesdroppers are).

THE MADOFF HYDROGEN BOMB EXPLODES
The next nuclear explosion to disfigure the faces of the Workers of Darkness was the subsidiary Octopus Master Ponzi Scheme run by Bernard L. Madoff, who was arrested at about 8.30 am in his Manhattan apartment on 64th Street on 11th December 2008. In an extensive report dated the 20th December and entitled ‘Madoff Scheme Kept Rippling Outward, Crossing Borders’, The New York Times ploughed methodically through the office press cuttings file, characterising Madoff’s self-confessed giga-scam as ‘the first Global Ponzi Scheme in history’ – which is of course NOT TRUE, since George H. W. Bush Sr.’s Octopus operations represent a whole universe of exported Ponzi schemes. But the article, which covered more than two huge full pages in the newspaper, and was only concerned with the money ‘IN’ (see above), did an excellent job assembling details of Madoff’s domestic and international connections, which were almost 100% Jewish.

As we have seen, Bernard L Madoff was recruited by George W. Bush Sr. to run ‘his’ money. After the $14 trillion was placed into ‘lockdown’ during the week ending on 17th September 2008 (see above), Madoff’s firm started to encounter massive redemption demands.

Bearing in mind that the funds, once transferred abroad, for instance to London, could then be leveraged 40:1, the pressure faced by Madoff related not just to originally invested funds, but impinged upon much larger sums of money which could not be accessed because they had been routinely transferred out to offshore tax havens and to Israel and then onwards inter alia to the Southern Cone of Latin America – Paraguay, Uruguay, Argentina and Brazil – where many of the key dogs and rats are now congregating, to satisfy Bush Sr., who demanded his payoff and pound of flesh at the Jews’ expense. The Madoff takedown, in short, represented another George Bush Sr. operation to claw back the immense sums he lost at an earlier stage of the crisis for which he is responsible, inter alia via naked shorts, as reported by this service.

It can be seen, too, that the destruction of Madoff was a George Bush Sr. ‘BCCI/ENRON takedown-type’ operation designed effectively to take down Israel itself – Mr Bush Sr.’s revenge against Alan Greenspan, his former technician, with whom, as our exposures gathered momentum, he had fallen out (new information). As noted, every cited victim of the Madoff implosion is Jewish.

The United States Court proceedings deal, and are likely to continue addressing, just the money originally invested (the money ‘IN’) – not the money leveraged off the base funds, which amounts to trillions and which would appear, according to our own special sources (not secondary Internet sources) to have been channeled extensively THROUGH Israel, as has been stated, en route to South America, for the benefit of the Bushrats congregating there.

In other words, the Bushrats are not only fighting each other and their double-crossed Jewish associates inside the sack, but have essentially burned the sack (their boats) as well. The colossal transfers to Israel for onward transmission to the Southern Cone, were monitored in real time.

MADOFF RECRUITED BY, AND ‘WORKED FOR’, BUSH/CIA PONZI CRIME APPARAT
Madoff’s operations could not have been possible without, and were assisted by, insider traders associated with the Octopus operations linked to the Bush-Clinton Crime nexus. The New York Times’ article showed clearly how the scam operated, with a key mechanism being Mr Madoff’s success in hitching other, subsidiary Ponzi Scheme investment scamming operations – such as Ascot Partners (led by J Ezra Merkin), Fairfield Greenwich Group (headed by Walter M. Noel and Jeffrey Tucker, who has said that the firm worked with Madoff for 20 years), Tremont Group, and Maxam Capital Management, which enjoyed steady annual profits averaging 8%-12% and which directed a constant stream of new investors into Madoff’s clutches.

Since we now know that Madoff ‘worked for’ Bush Sr. in his later years, the leveraged proceeds from the inflowing funds that were multiplied and consistently maximised, were in the main kept abroad, while the entities and individuals listed below were paid from new incoming funds placed by new investors or by existing investors who increased their investments, with the actual Ponzi scheme related essentially to the principal monies invested, only. So gargantuan was the greed associated with this operation, that the externally generated funds were retained offshore (they could hardly be repatriated without attracting attention and without courting mandatory IRS tax evasion investigations), while the ‘IN’ money was repaid, or returns on it were paid, from new ‘IN’ money. The ‘OUT’ money was effectively an entirely separate operation.

Of course the ‘returns’ paid to investors did not reflect actual investment outturns, but rather rigged numbers falsified to enable the ‘managers’ to deliver the Ponzi-style returns expected.

In other words, there were two parallel master operations: the use of the base funds for external (40:1) leveraging, hypothecation, high-yield investment programmes and the like, with the created proceeds stashed offshore, as usual, untaxed and off-balance sheet; and the Ponzi scheme and its subsidiary Ponzi Schemes revealed in the existing Court documents, whereby earlier investors were repaid and interest was paid with funds provided by later investors. The hidden operation, concerning which Mr Madoff was reported by his elder son to be ‘cryptic’, was the Bush-related sink-hole. The Court documents imply that Madoff ‘kept several sets of books’.

We speculate that Madoff succumbed to recruitment by George Bush Sr. because he calculated that the massive hypothecated fiat money accruals generated by participating in the Bush-related off-balance sheet transnational fraudulent finance operations could be tapped so as to perpetuate his ‘on-the-books’ Ponzi Scheme activities, which he had been running long before George Bush Sr. operatives recruited him. However when Bush Sr. suddenly (we are informed) made demands consistent with a Bush ‘BCCI/ENRON takedown’ decision to ransack Madoff’s operations, to rake out all the money, to destroy his Jewish participants and inflict massive harm on the State of Israel, this means of supporting the increasingly vulnerable Ponzi Scheme ceased to be available.

Separately, we have repeatedly pointed out in these reports that all get-rich-quick ‘humanitarian’ and ‘prosperity’ programs which may have enticed participants to ignore the Prudent Man Rule with promises of mouth-watering returns, represented traps for the unwary. The original Charles Ponzi story has been posted several times with these reports, and is reposted below (3).

‘MADOFF TAKEDOWN’: A VAST SMOKESCREEN ‘PROTECTING’ THE GIGA-CROOKS
Before considering some of the Court documents associated with the Madoff ‘takedown’ operation, the matter must be placed firmly in the much broader context of the Bush-Clinton-CIA/DVD Criminal Cadres’ ruthless ransacking operations to steal as much of other people’s coveted possessions and wealth by reprobate means as possible, in order to sustain the criminalist community’s status as arbiters of both the future of humanity and of the mad World Revolution to reorder human affairs in accordance with their own sick preferences. And when we examine the clues left by the Madoff implosion operation, it becomes perfectly clear that this is an integral component of the offensive against humanity directed by the most ruthless network of gangsters to have been sicked up by the human race. The clues are quite specific, too.

According to our Palm Beach correspondent, desperate Jewish householders have been trying to sell their Christmas/holiday presents to raise cash, as their liquidity has been reduced effectively to zero. Others have been despeartely engaged in short-selling of their homes, only to find that the bankers they deal with, don’t want to know. Many people in Palm Beach, our informant says, have been literally ‘wiped out’. And the perpetrators of this ‘takedown’ have STOLEN both the money ‘IN’ and as indicated above, the much more prolific money ‘OUT’, in accordance with THE STANDARD PATTERN employed by the giga-crooks since at least the ‘classic’ CIA takedown of BCCI.

Other instances of the application of this technique, involving the hollowing-out of the target, to be followed by the deliberate, preplanned triggering of its collapse after all the ‘free money’ has been raked out, can indeed be seen to include ENRON, Iceland, even Ireland (if you look closely at the structure of that country’s balance-of-payments), and now the Madoff enterprises.

Looking at ‘Madoff’ in this broader perspective, we can see with ease that Bernard L. Madoff is just the shill: there is always a shill. He ‘had it good’ for years: now it’s his turn to take the full rap. If he winds up in jail for the rest of his life, what is that to the big criminals behind the curtain? If several people get killed, as happened with the takedown of Enron, what is that to the giga-crooks? If the people of Iceland starve and shiver in the cold, who cares, given that the country’s entire financial system has long since been ransacked and hollowed out?

In addition, the Madoff Ponzi system ‘implosion’, which was directly linked to the consequences of the London ‘Safety Lock Box’ raids on 2nd June 2008 and the placement of the $14.0 trillion into what we have described as ‘lockdown’ on 12th September 2008, as sources of replacement funds effectively dried up from mid-September onwards (the London-based stolen and illicit collateral having been neutralised), serves the following purposes in the interests of the giga-crooks:

• A diversionary purpose: Everyone is looking directly at the Madoff case, becoming entangled and confused by the spaghetti junction of confusing sub-cases, litigation, Court documents, SEC, FINRA and SIPC investigations: which is JUST WHAT THE GIGA-U.S. CROOKS WANT. After all, they have got away with the BIG MONEY, they have hollowed out the Master Ponzi Scheme and all its subsidiary Ponzi operations, and they urgently need the benefit of the cover so helpfully now provided by the MADOFF SMOKESCREEN, for two reasons:

(1) To ensure that no-one looks BEYOND the Court documents to grasp what has happened.

(2) To ensure that no-one looks into the criminal finance operations these people have been up to inside Citibank. In this connection, we interrupt this sequence with a reference to some comments attributed to Sir Win Bischoff, the Chairman of Citigroup, during a New Year’s Day broadcast on the BBC’s domestic Radio 4 Today Programme.

Asked the usual knee-jerk BBC question: ‘Who is really to blame for the crisis?’ (this question is asked repeatedly because none of these journalists can get it into their heads that this is 100% about ORGANISED FINANCIAL FRAUD AND NOTHING ELSE), Sir Win responded as follows:

‘My view is that they [bankers] are partly to blame. There are people who feel remorse about this: there’s no doubt about it. Do they all? I don’t know…. It is very important for banks not to deny that they carry some of the can, whether that’s 50 cents on the dollar, that is their responsibility, or 60 or 40’. Now remember that Sir Win is CHAIRMAN OF THIS HUGE BANK. WHAT DOES THIS IMPLY?

• A possible insider control purpose: When we examine the Court papers (the earliest filed Court documents were assembled from the US Court by the Editor), we discover that CONTROL OF THE EXPOSURES MAY BE CONTAINED ‘within the system’. There are several clues to this possibility:

(A) Court Document #2 [Securities and Exchange Commission COMPLAINT vs: Bernard L. Madoff and Bernard L. Madoff Investment Securities LLC, Defendants: Reference: 08 Civ. 10791 (LLS): Appointment of Receiver, Lee Richards, of Richards Kibbe & Orbe LLP ‘over all the assets and accounts of defendant Bernard L. Madoff Investment Securities LLC (“BMIS”) outside of the United States, to take control forthwith over BMIS’s dealings and transactions with any non-United States entity or counterparty, with full access to BMIS’s books and records necessary or useful to him in the exercise of his powers over BMIS’s foreign business or transactions’ signed by United States District Judge Louis L. Stanton at 6.42pm on 12th December 2008: plus:

Court Document #3: Securities and Exchange Commission ORDER vs: Bernard L. Madoff and Bernard L. Madoff Investment Securities LLC, Defendants: Reference: 08 Civ. 10791 (LLS) ECF Case: Order to show cause, Temporary Restraining Order and Order Freezing Assets and Granting Other Relief; Order consented to by defendants and therefore signed off by United States District Judge Louis L. Stanton at 4:51pm on 13th December 2008.

Court Document #2 appoints LEE RICHARDS, of Richards Knibbe & Orbe LLP, as ‘receiver over all the assets and accounts of the defendant Bernard L. Madoff Investment Securities LLC (“BMIS”) outside of the United States’, while Court Document #3 appoints LEE RICHARDS, of Richards Knibbe & Orbe LLP ‘as receiver for the Defendants’ assets, including, without limitation, Madoff Securities International Ltd. (“Madoff International”) and Madoff Ltd.’: the Defendants being Bernard L. Madoff and Bernard L. Madoff Securities LLC.

LEE S. RICHARDS III is a founding partner of Richards Knibbe & Orbe LLP. His stated specialities, according to the firm’s website, are ‘white collar criminal defense, securities enforcement defense, regulatory proceedings, internal investigations and complex litigations’.

‘He has extensive trial experience and he regularly represents investment banks, hedge funds, public companies, investment advisers, corporate officers and directors, and other professionals in investigations and proceedings by the DOJ, SEC, FINRA, and other governmental entities and SROs. He also represents companies and senior executives in commercial litigations, class action and derivative cases, and arbitrations relating to a variety of disputes’.

Under the lead-in ‘Some notable representations include’, Mr Richards’ website lists the following:

‘Representation of several major New York investment banks in a variety of DOJ, SEC and FINRA investigations…

… including the representation of one of the major investment banks which advised ENRON’.

From this information it can be stated without fear of contradiction that Mr Lee Richards III is very knowledgeable in respect of how Enron- and Madoff-type Ponzi operations are structured.

(b) Under the Securities Investor Protection Act of 1970 (SIPA, 15 U.S.C. Sec 78aaa et seq.), the SEC and also the Securities Investor Protection Corporation requested (Civ. 08-10791) the US Court on 15th December 2008 to name Irving H. Picard [SEE BELOW] as Trustee, with the firm of Baker and Hostetler LLP appointed Counsel for the Trustee. This development will be referenced in greater detail when we examine the Court documents below, where we point out that:

Baker and Hostetler LLP has been established for 90 years with offices in Cincinnati, Cleveland, Columbus, Cosa Mesa, Denver, HOUSTON, Los Angeles, New York, Orlando, Washington DC, Brazil and Mexico. Having been ordered to be appointed Trustee under SIPA via the SEC and Securities Investor Protection Corporation, Irving J. Picard proceeded to JOIN the New York office of Baker & Hostetler LLP, per the firm’s Press Release, dated 22nd December 2008, headed: ‘Court-Appointed Trustee In Madoff Fraud Investigation Joins Baker Hostetler in New York’.

• WE REPEAT: Irving J. Picard was appointed Trustee, BAKER and Hostetler LLP were appointed Counsel to the Trustee: whereupon Irving J. Picard joins the firm of Counsel. IMAGINE!

On 3rd January 2009, The Times, London, reported that Martin Rosenman, President of Stuyvesant Fuel Service, a private New York-based fuel company, is suing Irving J. Picard, for the return of $10 million. The context of this suit revolves around that fact that Mr Picard’s first action was to obtain the Bankruptcy Court’s authority to transfer $28.1 million from the $200-$300 million said to be left in Madoff’s bank account(s), to cover the costs of the liquidation. But Mr Rosenman argued on 2nd January that Mr Picard had no right to these funds, pointing out that he (Mr Rosenman) transferred $10 million to Madoff just six days ahead of Mr Madoff’s arrest.

Specifically, Mr Rosenman argued that he spoke to Bernard L. Madoff on 3rd December 2008 about investing, and on 5th December he received details of an account into which the cash should be transferred. On 9th December, Martin Rosenman was informed by BMIS that Bernard L. Madoff had sold short $10 million in US Treasury bills on his behalf. Claiming that he had not authorised such a transfer, Mr Rosenman stated that he could find no record of any such transaction.

The lawsuit claims: ‘BMIS never transacted a trade of US Treasury bills on Rosenman’s behalf’. Mr Howard Kleinhendler, a partner in the firm of Wachtel & Masyr, representing Mr Rosenman, said that he suspected that at the time that Mr Rosenman invested his funds, Madoff knew that he was close to being exposed and caught, and was collecting cash in order to make a final distribution among family and friends. in addition to revealing Mr Picard’s action, this is just an example of the incredible legal tangle that is now building.

• 6th January 2009 Update: Irving J. Picard was reported by Bloomberg on 5th January to have identified $830 million in liquid assets in bank accounts associated with BMIS. Stephen Harbeck told the Congressional Committee that these assets ‘may be’ subject to recovery for clients of Madoff’s firm, according to Bloomberg, without explaining the use here of imprecise language.

In a separate Bloomberg report, the Assistant US Attorney, Marc Litt, whose signature appears on the Court documents obtained by the Editor of this service, was stated to have asked the Federal Judge to imprison Mr Madoff, as he awaits trial, arguing that Mr Madoff’s $10 million bail (and, one would presume, his properties pledged to the US Government) should now be revoked and the funds forfeited because he transferred $1.0 million of valuables, in violation of the asset freeze order. The report stated that Madoff disposed of five items, including ‘very valuable jewelry’, Mr Litt informed the Magistrate Judge, Ronald Ellis, on 5th January in the Manhattan Federal Court.

Some of the items were mailed by Madoff and his wife Ruth to third parties. Mr Litt stated that the transfer started on 29th December 2008, representing a ‘changed circumstance’, specified under Federal law, precipitating the necessity to alter the terms of Mr Madoff’s bail, since the transfer violated the freezing of his assets agreed to as confirmed in the Court papers we have examined.

Marc Litt explained that ‘the case against the defendant is strong, and it’s getting stronger’. The transfer represented ‘an obstruction of justice’.

(3) An examination by the Editor of the time-sequence of events which led to Bernard L. Madoff’s arrest reveals an extremely tight timeframe within which the ‘Madoff takedown operation’ was accomplished, suggesting at the very least that Attorneys, typists and other personnel would have to have worked all night on the necessary documentation.

Now knowledgeable US sources inform the Editor that this is not unusual. Nevertheless, the whole process looks TOO PAT TO HAVE BEEN SPONTANEOUS. Consider the following sequence, extracted from the Securities Fraud Count document submitted to the Court on 11th December by the FBI Special Agent, Thodore Cacioppi:

• First week of December 2008: Bernard L. Madoff informed ‘Senior Employee No. 2’ (one of his sons) that there had been requests from clients for approximately $7 billion in redemptions.

• About 9th December 2007: Madoff informed ‘Senior Employee No.1’ (one of his sons) that he wanted to pay bonuses to employees in December, rather than February (as was usual).

• On 10th December 2008, the ‘Senior Employees’ ‘visited Madoff at the offices of Bernard L. Madoff Investment Securities LLC to discuss the situation further… At that time, Madoff informed the Senior Employees that he had recently made profits through business operations, and that now was a good time to distribute…’.

‘When the Senior Employees challenged his explanation, Mr Madoff said that he did not want to talk to them at the office, and arranged a meeting at Mr Madoff’s apartment in Manhattan. According to Senior Employee No. 2, Madoff stated in substance, that ‘”he wasn’t sure he would be able to hold it together” if they continued to discuss the matter at the office’.

• ‘Confession’ of Madoff to his two sons on 10th December: ‘His investment advisory business was a fraud… he was “finished”… it was “basically a giant Ponzi scheme”… the business was insolvent, and [that] it had been for years… the losses from this fraud [were] at least $50 billion’

• On 11th December, the FBI Special Agent with another FBI agent entered Madoff’s Manhattan apartment after presenting themselves, and at Madoff’s invitation. ‘He acknowledged knowing why we were there. After I [the FBI Special Agent] stated “we’re here to find out if there’s an innocent explanation”, Madoff stated, “There is no innocent explanation”‘.

The FBI Special Agent’s Charge document was dated the same day, 11th December 2008, and was signed off by The Hon. Douglas F. Eaton, United States Magistrate Judge for the Southern District of New York. Now the Editor is prepared to acknowledge that the US ‘system’ is capable of great efficiency: but given the complexity of the documents that the Editor was able to obtain direct from the Court during his pre-Christmas visit to New York, and even conceding that the documents may in some instances have been elaborated from boiler-plate templates, the whole process seems to the Editor of this service to have been MUCH TOO PAT AND COMPACT TO BE REASSURING.

That, in turn, supports the analysis that the ‘Madoff takedown’ falls into the BCCI, Enron, Iceland imposion category, the model procedure being that when the time comes for all the accessible cash to be raked out, the carcase of the target is DELIBERATELY COLLAPSED, to facilitate this.

• Depending on the circumstances, this may have to be done in a frightful hurry.

In this connection, we can also observe that Madoff told his sons that he had just $200-$300 million of cash left. THE REST OF THE FUNDS HAD BEEN MISAPPROPRIATED AND STOLEN. Hence he left the ‘collapsing operation’ until the remaining several hundred million was ‘available’ for the illegal distribution that he was contemplating: a step too far for his sons, who, if they had agreed to such a distribution, would have laid themselves open to immediate arrest, along with their father. Whether they will be arrested later, remains to be seen, and depends on how much they knew.

Finally, the relevance of the foregoing open information concerning the SEC-appointed Trustee and the SIPC-appointed Trustee who immediately joins the firm of Counsel, should be reviewed.

MADOFF ‘CHANGES THE SUBJECT’, WHILE LAW ENFORCEMENT SITS ON ITS HANDS
In summary, Madoff ‘changes the subject’: No-one is supposed to be looking inside Citibank, no-one is supposed to be going on about the Settlements, no-one is supposed to be talking about the stolen/diverted $14.0 trillion of LOAN MONEY THAT BELONGS TO THE QUEEN, TO PRINCE AL-AWEED AND THE CHINESE PARTIES, no-one is supposed to care a hoot about the plight of the 320,000 long-suffering pillaged ‘package’ victims, and no-one is supposed to be in charge of his or her brains any longer, because ‘IT ALL DEPENDS ON THE OUTCOME OF MADOFF’.

• A lovely, open-ended laywer-enriching spaghetti junction of intertwined litigation operating at cross-purposes with no conceivable resolution because the innumerable decisions will all come to rely on each other, or will be impeded by the innumerable ongoing investigations which will take years to resolve, if any can ever be resolved. The perfect contrived cover for the giga-crooks.

MEANWHILE:

• THE GIGA-CRIMINALS HAVE STOLEN THE BIG MONEY. BUSH SR. HAS PROBABLY BY NOW GOT HIS TRILLIONS ‘BACK’, even though they were of course STOLEN IN THE FIRST PLACE.

• You are perfectly entitled to ask yet again, but with much greater determination than ever:

EXACTLY WHAT HAS U.S. LAW ENFORCEMENT BEEN DOING ALL THIS TIME, WHILE WE AND OTHERS, AT GREAT RISK TO OUR OWN PERSONAL SAFETY, HAVE BEEN EXPOSING THIS BOTTOMLESS AND REEKING CESSPIT OF OPEN-ENDED U.S.-PRIMED FINANCIAL CRIMINALITY?

• Law enforcement, Gold Badges and others need to get off their butts, instead of feathering their own nests like the rest of these people, and MI6/Interpol need to redouble their own operations in order to ensure that the requirements of the owners of the LOAN funds are fulfilled. Further failure to deliver, will CERTAINLY condemn the world to an absolutely horrendous future: IN 2009.

• Our forecasts have been accurate to date: SO START PAYING PROPER ATTENTION and earn some respect, instead of displaying your individual and collective feebleness and impotence.

• It is INSUFFERABLE for you people to be allowing these criminal operatives to get away with their crimes, if this is what is happening, and to obfuscate the audit trails with the connivance of deeply-placed Accessories to the Fact of this massive operation to hijack the whole world.

• Nor can it be tolerated that the criminalist cadres may indeed be relying upon the potential for the Madoff events to OBFUSCATE matters to their advantage, and to impede the Settlements and the grossly overdue implementation of the G-7-Approved on-the-books Capital Markets revenue-producing and tax-generating SOLUTION TO THE WHOLE WORLD’S FINANCIAL PROBLEMS which the US-based Washington area operatives have deliberately and malevolently SABOTAGED.

• So get off your butts and belatedly start DOING YOUR JOB.

• Or, as we asked earlier, are you ALL co-conspirators? THAT’S THE IMPRESSION YOU GIVE.

• WE ALL WANT RESULTS, NOT LIES, BLUFFS, DIVERSIONS AND SUBTERFUGES.

THE PRIMARY ORIGINAL DOCUMENTS FROM THE MADOFF COURT FILES
Addressing exclusively the money ‘IN’ dimension, the Editor has obtained the complete file (Case Numbers: 08 MAG 2735, AND 08 Civ. 10791), as of 21st December, held at the United States District Court for the Southern District of New York on the Madoff case (4), which represents the biggest explosion since our exposure of the Morgan Stanley Terrorism Financing Center, from which we report as follows, bearing in mind the context outlined above:

• Madoff’s ‘agreed bail package’ specified on the Appearance Bond dated 11th December 2008 bound Madoff to pay the United States $10.0 million (personal recognizance bond) secured by the Defendant’s Manhattan Apartment (valued at approximately $7.0 million) and to be co-signed by four financially responsible persons including his wife; and limited his travel to the Southern and Eastern Districts of New York and Connecticut, requiring him to surrender his travel documents. The Appearance Bond was signed by Bernard L. Madoff and by his wife, Ruth Madoff, and Peter Madoff, as surety.

• On 17th December 2008 a Court Agreement to Forfeit Property was signed by Bernard Madoff and Ruth Madoff. The property forfeited pending the outcome of the case consists of the Manhattan apartment on 64th Street,, Madoff’s Palm Beach residence, and his third US residence in Montauk, on the northeast fork of Long Island.

• The Complaint filed on 11th December 2008 by FBI Special Agent Theodore Cacioppi, in which Bernard L. Madoff is accused of violation of 15 U.S.C. sections 78j(b), 78ff; 17 C.F.R. section 240, 10b-5, contains inter alia the following:

COUNT ONE [Securities fraud]
1. … Bernard L. MADOFF, the defendant, unlawfully, willfully and knowingly, by the use of the means and instrumentalities of interstate commerce and of the mails, directly and indirectly, in connection with the purchase and sale of securities, would and did use and employ [sundry] manipulative and deceptive devices and contrivances in violation of Title 17, Code of Federal Regulations, Section 240.10b-5, by:

(a) employing devices, schemes, and artifices to defraud;

(b) making [many] untrue statements of material facts and omitting to state material facts necessary in order to make the statements made, in the light of the circumstances under which they were made, not misleading, and:

(c) engaging in acts, practices, and courses of business which operated and would operate as a fraud and deceit upon persons, to wit, MADOFF deceived investors by operating a securities business in which he traded and lost investor money, and then paid certain investors purported returns on investment with the principal received from other, different investors, which resulted in losses of approximately billions of dollars. (…)

3. I have reviewed the publicly available website of a securities broker dealer named Bernard L. Madoff Investment Securities LLC, from which I have learned the following:

(a) BERNARD L. MADOFF, defendant, is founder of Bernard L. Madoff Investment Securities LLC;

(b) Bernard L. Madoff Investment Securities LLC is a securities broker dealer with its principal office in New York, New York;

(c) Bernard L. Madoff Investment Securities LLC “is a leading international market maker. The firm has been providing quality executions for broker-dealers, banks and financial institutions since its inception in 1960”;

(d) “[w]ith more than $700 million in firm capital, Madoff currently ranks among the top 1% of US Securities firms;

(e) BERNARD L. MADOFF, the defendant, is a former Chairman of the Board of Directors of the NASDAQ stock market; and:

(f) “Clients know that Bernard Madoff has a personal interest in maintaining an unblemished record of value, fair-dealing, and high ethical standards that has always been the firm’s hallmark”.

4. I have interviewed two senior employees of Bernard L. Madoff Investment Securities LLC (“Senior Employee No. 1”, and “Senior Employee No. 2”, collectively the “Senior Employees”).

The Senior Employees informed me, in substance, of the following:

(a). The Senior Employees are employed by Bernard L. Madoff Investment Securities LLC, in a proprietary trading and market making capacity. According to the Senior Employees, BERNARD L. MADOFF, the defendant, conducts certain investment advisory business for clients that is separate from the firm’s proprietary trading and market making activities.

According to the Senior Employees, MADOFF ran his investment adviser business from a separate floor in the New York offices of Bernard L. Madoff Investment Securities LLC. According to Senior Employee No. 1, MADOFF kept the financial statements for the firm under lock and key, and stated that MADOFF was “cryptic” about the firm’s investment advisory business.

(b). In or about the first week of December 2008, BERNARD L. MADOFF, the defendant, told Senior Employee No. 2 that there had been requests from [various] clients for approximately $7.0 billion in redemptions, that he was struggling to obtain the liquidity necessary to meet these obligations, but that he thought that he would be able to do so.

According to the Senior Employees, they had previously understood that the investment advisory business had assets under management on the order of between approximately $8 and $15 billion. According to a Form ADV filled by MADOFF on behalf of Bernard L. Madoff Investment Securities LLC with the SEC on or about January 7, 2008, MADOFF’s investment advisory business served between 11 and 25 clients and had a total of about $17.1 billion in assets under management.

(c). On or about December 9, 2008, MADOFF informed Senior Employee No. 1 that he wanted to pay bonuses to employees of the firm in December, which was earlier than the employee bonuses are usually paid. According to the Senior Employees, bonuses traditionally have been paid in February of each year. On or about December 10, 2008, the Senior Employees visited MADOFF at the offices of Bernard L. Madoff Investment Securities LLC so as to discuss the situation further, particularly because MADOFF had appeared to the Senior Employees to have been under great stress in the prior weeks. At that time, Mr MADOFF informed the Senior Employees that he had recently made profits through business operations, and that now was a good time to distribute them. When the Senior Employees challenged his explanation, MADOFF said he did not want to talk to them at the office, and arranged a meeting at MADOFF’s apartment in Manhattan.

According to Senior Employee No. 2, MADOFF stated, in substance, that he “wasn’t sure he would be able to hold it together” if they continued to discuss the issue at the office.

(d). At MADOFF’s Manhattan apartment, MADOFF informed the Senior Employees, in substance, that his investment advisory business was a fraud. MADOFF stated that he was “finished”, that he [now] had “absolutely nothing”, that “it’s all just one big lie”, and that it was “basically a Ponzi scheme”. The Senior Employees understood MADOFF to be saying, in substance, that he had for years been paying returns to certain investors out of the principal received from other, different investors. MADOFF stated that the business was insolvent, and that it had been for years. Mr MADOFF also stated that he estimated the losses from this fraud to be at least approximately $50 billion. One of the Senior Employees has a personal account at Bernard L. Madoff Investment Securities LLC in which several million had been invested under the management of MADOFF.

(e). At MADOFF’s Manhattan apartment, MADOFF further informed the Senior Employees that, in approximately one week, he planned to surrender to authorities, but before he did that, he had approximately $200-$300 million left, and he planned to use that money to make payments to certain selected employees, family, and friends. (…)

5. On December 11, 2008, I spoke to BERNARD L. MADOFF, the defendant. After identifying myself, MADOFF invited me, and the FBI agent who accompanied me, into his apartment. He acknowledged knowing why we were there.

After I stated, “we’re here to find out if there’s an innocent explanation”, MADOFF stated, “There is no innocent explanation”. MADOFF stated, in substance, that he had personally traded and had lost money for institutional clients, and that it was all his fault. MADOFF further stated, in substance, that he “paid investors with money that wasn’t there”.

MADOFF stated that he was “broke” and “insolvent” and that he had decided that “it could not go on”, and that he expected to go to jail. MADOFF also stated that he had recently admitted what he had done to Senior Employees Nos. 1, 2 and 3.

WHEREFORE, deponent prays that BERNARD L. MADOFF, the defendant, be imprisoned, or bailed, as the case may be.

THEODORE CACIOPPI
Special Agent
Federal Bureau of Investigation

Sworn to before me this 11th day of December, 2008

[Signed] Honorable Douglas F. Eaton, United States Magistrate Judge,
Southern District of New York.

THE COMPLAINT BY THE SECURITIES AND EXCHANGE COMMISSION
The Securities and Exchange Commission’s Complaint, filed with the Court on 11th December 2008 (08 Civ. 10791) informed the Court in summary that:

1. The Commission brings this emergency action to halt ongoing fraudulent offerings of securities and investment advisory fraud by Bernard L. Madoff (“Madoff”) and Bernard L. Madoff Investment securities LLC (“BMIS”), a broker dealer and investment adviser registered with the Commission. From an indeterminate period through the present, Madoff and BMIS has committed fraud through the investment adviser activities of BMIS. Yesterday, Madoff admitted to one or more employees of BMIS that for many years he has been conducting a Ponzi-scheme through the investment adviser activities of BMIS and that BMIS has liabilities of approximately $50 billion.

Mr Madoff told these employees that he intends to distribute any remaining funds at BMIS to the employees and certain investors in the investment advisor business, such as family and friends. Such a distribution will be unfair and inequitable to other investors and creditors of BMIS.

2. Expedited relief is needed to halt the fraud and prevent the Defendants from unfairly distributing the remaining assets in an unfair and inequitable manner to employees, friends and relatives, at the expense of other customers.

3. To halt the ongoing fraud, maintain the status quo and preserve any assets for injured investors, the Commission seeks emergency relief, including temporary restraining orders and preliminary injunctions, and an order:

(i) imposing asset freezes against the Defendants;

(ii) appointing a receiver over BMIS;

(iii) allowing expedited discovery and preventing the destruction of documents; and:

(iv) requiring the Defendants to provide verified accountings.

The Commission also seeks permanent injunctions, disgorgement of ill-gotten gains, plus prejudgment interest and civil monetary penalties against all of the Defendants.

On 12th December 2008, the SEC asked the Court to issue ‘a temporary restraining Order and an Order freezing assets and granting other relief’ (08 Civ. 10791 (LLS) ECF Case: to which, in a Note, the SEC stated that the Defendants had consented) directing that:

‘pending a final disposition of this action, Defendants, and each of their financial and brokerage institutions, agents, servants, employees, attorneys, and those persons in active concert or in participation with either of them who receive actual notice of such Order by means of personal service, facsimile service, telephonic notice, notice by e-mail, or otherwise, and each of them, hold and retain within their control, and otherwise prevent, any withdrawal, transfer, pledge, [offsetting or] encumbrance, assignment, dissipation, concealment or other disposal of any assets, funds, or other property (including money, real or personal property, securities, commodities, choses [sic] in action or other property of any kind whatsoever) of, held by, or under the direct or indirect control of, Defendants, whether held in the name of Madoff, BMIS, Madoff International or Madoff Ltd.., or for the direct or indirect beneficial interest of one or both of them, wherever situated, in whatever form such assets may presently exist and wherever located, and directing each of the financial or brokerage institutions, debtors and bailees, or any other person or entity holding such assets, funds or other property of the Defendants, to hold or retain within its control and prohibit the withdrawal, removal, transfer or other disposal of any such assets, funds or other properties, including, but not limited to:

(1) all assets, funds, or other properties held in the name of, held by, or under the control of one or both of the Defendants;

(2) all accounts in the name of Madoff or BMIS or on which Madoff is a signatory, including the accounts listed [herewith: the accounts were listed as Appendix A but are given here now]:

• JP Morgan Chase Account No: 000000140081703
Account in the Name of: Bernard L. Madoff Investment Securities

• JP Morgan Chase Account No: 000000066709466
Account in the Name of: Bernard L. Madoff Investment Securities

• The Bank of New York Mellon Account No: 890-0402-393
Account in the Name of: Bernard L. Madoff Investment Securities

• The Bank of New York Mellon Account No: 030-0951050
Account in the Name of: Bernard L. Madoff

• The Bank of New York Mellon Account No: 866-1126-621
Account in the Name of: Bernard L. Madoff Investment Securities LLC

• NOTE: On 30th December, it emerged that Irving J. Picard, the SIPC-appointed Trustee, had reached ‘an understanding’ with Bank of New York Mellon to have certain funds released.

MORE BANK OF NEW YORK MELLON BANK ACCOUNTS COME TO LIGHT
But the US Bankruptcy Judge, Burton Lifland, indicated that the Court papers outlining the said ‘agreement’ were ‘very basic’, according to Bloomberg, and asked Picard’s lawyer, Richard Bernard, for more information on the accounts in question. Bernard told the Court that there are ‘more funds and accounts’, without being specific.

He added that Bank of New York Mellon was holding some funds back because it may have “set-off rights” on certain claims, adding that he was limited in what he could say in open Court because of the ongoing criminal investigations. Clause III of the Order requested of the Court by the SEC and SIPC against BMIS filed on 15th December 2008 and signed by US District Judge Louis L. Stanton at 4:08pm on that date, reads:

‘ORDERED that all persons and entities are notified that, subject to the other provisions of 11 U.S.C. section 362, the automatic stay provisions of 11 U.S.C. section 362(a) operate as a stay of:

… G. The set-off of any debt owing to the Defendant that arose before the commencement of this proceeding against any claim against the Defendant’.

Clause VIII elaborates: ‘ORDERED that the stays set forth above shall not apply to:

G. Any set-off or liquidating transaction undertaken pursuant to the rules or bylaws of any securities clearing agency registered under section 17A(b) of the Securities Exchange Act of 1934, 15 U.S.C. section 78q-1(b), or by any person acting under instructions from and on behalf of such a securities clearing agency…’.

To illustrate again that the SEC has finally been galvanised in this case to be seen to be casting its net over EVERY PARTY involved with Mr Madoff, Paragraph III of the SEC’s Order to Show Cause, Temporary Restraining Order, and Order Freezing Assets and Granting Other Relief [dated 12th December 2008] stated [page 8 of the Court document]:

‘IT IS FURTHER ORDERED that Defendants show cause… why this Court should not also enter an Order enjoining them, and any person or entity acting at their direction or on their behalf, from destroying, altering, concealing or otherwise interfering with, the access of the [SEC] Plaintiff Commission to any and all documents, books and records, that are in the possession, custody or control of Defendants, and each of their partners, agents, employees, servants, accountants, financial or brokerage institutions, attorneys-in-fact, subsidiaries, affiliates, predecessors and successors and related entities that refer, reflect or relate to the allegations in the Complaint, including, without limitation, documents, books, and records referring, reflecting or relating to defendants’ finances or business operations, or the offer or sale of securities by Defendants and the use of proceeds therefrom’. ENDS.

The relevant Court-filed documents clearly and specifically identify all the possible categories of collaborators and participants, and all Madoff-related property wherever located, prohibiting the tampering with and destruction of documents and of course TEAR SHEETS, or any movement of funds, requiring the unravelling of all funds commingled between BMIS and Madoff’s personal account(s), so that anyone caught up in this maelstrom who disturbs the audit trail will fall within the Court’s sights for appropriate treatment.

Specifically, the Defendants were directed to ‘provide a verified accounting immediately’, against the background of the freezing of the assets of the Defendants, the appointment of Lee Richards, of Richards Kibbe & Orbe LLP as ‘Receiver for the Defendants’ assets including without limitation Madoff Securities International Ltd (“Madoff International”)’, the London platform from where the primary leveraging operations were run, ‘and Madoff Ltd’.

The SEC’s Order requesting the freezing of relevant accounts and other relief sought, as noted, prohibition of ‘the destruction, concealment, or alteration of documents by Defendants’. ‘It appears from the evidence presented that certain ill-gotten gains derived from the Defendants’ fraudulent conduct have been deposited into the accounts of BMIS and/or Mr Madoff’s personal accounts. Self-evidently, Madoff-linked accounts in London and on the Continent are clearly targeted by the language of the Court documents, but it remains to be seen whether this will result in transparency of whether, as may be expected, an opaque veil will be drawn over the international dimensions.

On 31st December 2008, it was reported that Pomerantz, a prominent law firm, was considering asking the US District Court for the Southern District of New York to publish the list that Madoff had been required to compile, detailing the precise whereabouts of the assets. This firm was reported to be seeking to sue hedge fund Ponzi operations that channelled money into the Madoff ‘money machine’. Bernard L. Madoff had been required by the US Court to draw up a detailed list of all his investments, assets, loans, lines of credit and accounts (should there be any beyond those already identified by the SEC in its documentation), and to furnish this information by close of business on New Year’s Eve (see below).

Bloomberg reported on 1st January 2009 that an SEC enforcement official, Andrew Calamari, had confirmed receipt of the list of assets required to have been delivered by Mr Madoff and BMIS by close of business on 31st December 2008, adding that the list will not be made public. The official said that the Court had not authorised the disclosure of the ‘domestic’ list: ‘The 18th December Court Order does not authorize public release of materials related to the Securities and Exchange Commission’s ongoing investigation’.

• Commenting on this point, Professor John Coffee of Columbia Law School told Bloomberg that the SEC may intend the data to be kept secret because ‘there is a danger that foreign regulators and foreign creditors may seek to seize that money if the names are made public’.

• This was the first hint that, in addition to the US domestic legal ‘spaghetti junction’ of conflicting litigation, the international dimension will magnify this legal quagmire by an order of magnitude.

Under the relevant Court order signed by Louis L. Stanton, US District Judge, the list had to include all assets held by Madoff’s operations for his “direct or indirect benefit”.

Madoff’s foreign operations, such as the London-based Ponzi scamming machine offices located off Berkeley Square, Mayfair, central London, were given until 26th January to compile and hand over their own lists. Exclusion of any information from such lists will incur severe consequences.

By the end of 2008, four related cases by aggrieved investors had already been filed since the Madoff ‘confession’, arrest and bail arrangements were publicised. The SEC is expected to take steps to repatriate assets held outside the United States. All cases lodged into this maelstrom will become entangled in the already complex demands of the SEC/SIPC/FINRA investigations.

On 3rd January 2009, Fred Longer, a lawyer representing Group Defined Pension Plan & Trust, a Jersey City, NJ-based investor, filed a lawsuit in the Manhattan Federal Court against the hedge fund operator Tremont Group Holdings [see list below] over Madoff-related losses. Also named was Tremont’s auditor, Ernst & Young LLP, with Longer claiming that the accounting firm missed warnings about the Ponzi scheme. This Complaint seeks class-action, or group, status.

It appears that losses disclosed by some clients, and in the public demain [see our list below] may have been inflated by purported gains shown in the clients’ accounts with Madoff. Thus, whereas Yeshiva University, New York, had valued its foldings with Madoff at $110 million, it stated on 30th December that its net investment was of the order of $14.5 million, before inflation by ‘fictitious profits’. So there may be large differences between ‘money ‘IN”, and totals ‘lost’.

EXPERT ADVANCE WARNINGS ‘DISREGARDED BY THE S.E.C.’
To add to the discomfort of the SEC and the entire Bush-corrupted Wall Street Establishment, it emerged before Christmas that Harry Markopolos, a derivatives expert who previously worked for Rampart Investment Management, a fund competing with the Madoff operations, had been warning the SEC for TEN YEARS prior to the Madoff exposures, that Bernard L. Madoff’s activities ‘stank to high heaven’. He spent ten years trying to induce the Securities and Exchange Commission to investigate Mr Madoff and all his works.

For instance, Markopolos had accused Madoff of using the names of UBS and Merrill Lynch to lend credibility to his Ponzi activities. This is a variant of our point that holders of ‘derived’ assets enjoy NO RECOURSE TO SOURCE OF FUNDS, with their ‘assets’ supported solely by the name(s) of the institution(s) marketing them (their values being, as a savvy Jewish friend of the Editor’s pointed out recently, ‘what somebody agrees to pay for them’).

The London Times reported on 19th December that:

‘According to the [Markopolos] documents, which were written in November 2005, Mr Madoff is alleged to have told potential investors that all his options trading business was channelled through UBS and Merrill Lynch’.

‘However, Mr Markopolos asserted: “The counterparty credit exposures for UBS and Merrill would be too large for these firms’ credit departments to approve. The SEC should ask Bernard Madoff for trade tickets showing he has traded OTC [over the counter] options thru these two firms”‘.

‘It is understood that neither UBS nor Merrill Lynch has any material exposure to Mr Madoff’s businesses and also that neither had had a sufficiently substantial relationship with Mr Madoff to have conducted these types of trades. Such a discrepancy raises serious questions about the truthfulness of Mr Madoff’s sales pitch to new investors, such as hedge funds, and whether Mr Madoff sought to exploit the longstanding reputations of UBS and Merrill Lynch [sic] to legitimise his own operations’.

On 22nd December, The Times, London, elaborated:

‘Harry Markopolos, a derivatives expert who once worked for a rival fund, spent ten years urging the SEC to investigate Mr Madoff. In numerous reports, including a 19-page document written in November 2005 entitled ‘The World’s Largest Hedge Fund is a Fraud’, Mr Markopolos picked apart the investment strategy of Mr Madoff’.

‘Some claims by Mr Markopolos were anecdotal – “I have spoken to the heads of various Wall Street equity derivative trading desks and every single one of the senior managers I spoke with told me that Bernie Madoff was a fraud” – but sizeable chunks of his accusations involve detailed analysis of Mr Madoff’s investment strategy. He questions the way that Bernard Madoff charged for commissions and alleges that Mr Madoff used the names of leading investment banks such as UBS and Merrill Lynch to lend credibility to his schemes’.

‘He also claims that the overall investment strategy of Mr Madoff would have been impossible to carry out. Mr Madoff sought to lure investors with the promise of 12% returns by buying blue-chip stocks and insuring against the possibility that their value would fall by selling derivatives – a process known as hedging. Mr Markopolos argues, however, that for Mr Madoff to have fulfilled such a strategy, he would have regularly done more business than the entire New York market in those securities’.

HEAVILY PROMOTED STAR WITNESS FAILS TO APPEAR: WAS HE THREATENED?
Unsurprisingly, Harry Markopolos was to be a star witness to be questioned on 5th January 2009 by the Financial Services Committee of the House of Representatives, where the Democrat Chairman of the panel, Barney Frank, was faced with having to steer a careful course between seeking to extract the truth from terrified SEC officials, and the known involvement of severely compromised members of the Legislative Branch of the United States Government.

• UPDATE: Bloomberg reported on 5th January that Harry Markopolos, the former Chief Investment Officer with Tampart Investment Management, Boston, cancelled his appearance before Congress, saying that he was ‘worn down’ and wanted more time to prepare his remarks, accoding to Barney Frank, Chairman of the House Financial Services Committee. This development has to be added to the roster of UNSATISFACTORY DEVELOPMENTS related elsewhere in this report. The impression gained is that Mr Markopolos may have been THREATENED and ordered to amend his testimony, ‘or else’. If such tactics are being used, it shows that the rats have STILL not realised that WHETHER THEY LIKE IT OR NOT, EVERYTHING WILL BE EXPOSED.

CALENDAR OF OFFICIAL REGULATORY AND ENFORCEMENT FAILURES
The Christian Science Monitor obliged on 5th January with a handy summary of the ongoing ‘lapses’ of supervision and enforcement by the corrupted Securities and Exchange Commission, to wit:

• 1992: Madoff’s name comes up in an SEC probe of Florida accountants who
allegedly sold unregistered securities.

• 1999: SEC examiners review trading practices at Madoff’s investment advisory firm.

• 2001: The SEC’s Boston office receives information from securities industry executive Harry Markopolos raising questions about the steady stock market returns of Madoff’s firm.

• 2004: The SEC looks into whether Madoff’s firm engaged in improper trading practices.

• 2005: The SEC interviews Madoff and family members, finding no improper trading practices.

• 2005: An industry-based regulatory office finds no improper trading practices by Madoff’s firm.

• 2005: SEC investigators meet with Markopolos, who alleges that Madoff’s firm is “the world’s largest Ponzi scheme”: see details above.

• 2006: An SEC enforcement investigation finds that Madoff and one of his clients misled regulators. As a result, Madoff agrees to register as an investment adviser.

• 2007: The Financial Industry Regulatory Authority (FINRA) examines Madoff’s firm. No regulatory action results. It appears that this entity took its cue from the corrupted SEC [yet see above].

PARALLEL INTERVENTION OF THE SECURITIES INVESTOR PROTECTION CORPORATION
United States District Judge Louis L. Stanton signed the Defendants’ consent to the total Order (only partially reported here) at 4.51pm on 12th December 2008. Additionally, under the Securities Investor Protection Act of 1970 (SIPA, 15 U.S.C. Sec 78aaa et seq.), the SEC and also the Securities Investor Protection Corporation requested (Civ. 08-10791) the Court on the 15th December 2008 to agree that ‘customers of the Defendant, Bernard L. Madoff Investment Securities LLC, are in need of the protection afforded by the’ SIPA, and in particular than the Court should order:

‘that all persons and entities are stayed, enjoined and restrained from directly or indirectly removing, transferring, setting off, receiving, retaining, changing, selling, pledging, assigning or otherwise disposing of, withdrawing or interfering with any assets or property owned, controlled or in the possession of the Defendant, including but not limited to the books and the records of the Defendant, and customers’ securities and credit balances, except for the purpose of effecting possession and control of said property by the Trustee’ (who was named as Irving H. Picard), with the firm of Baker and Hostetler LLP appointed Counsel for the Trustee.

Baker and Hostetler LLP has been established for 90 years and has offices in Cincinnati, Cleveland, Columbus, Cosa Mesa, Denver, HOUSTON, Los Angeles, New York, Orlando, Washington DC, Brazil and Mexico. Having been ordered to be appointed Trustee under SIPA via the SEC and Securities Investor Protection Corporation, Irving J. Picard proceeded to JOIN the New York office of Baker & Hostetler LLP, per the firm’s Press Release, dated 22nd December 2008 headed: ‘Court-Appointed Trustee In Madoff Fraud Investigation Joins Baker Hostetler in New York’.

Thus no sooner had the court-appointed Trustee, Irving H, Picard, been approved, than he joined the firm appointed as Counsel for the Trustee – raising the obvious question in the minds of this and other observers as to whether we have just uncovered a posible prospective inside stitch-up, the intent of which might logically be to control the exposure of information which would link the Madoff Master-Ponzi scheme and its subsidiary Ponzi operations directly with the Bush Sr.-Clinton Fraudulent Finance Crime Carousel, as has already been signalled above. It is not stated here that this IS the case: what is stated here is solely that the question has arisen.

A Memorandum of Law supporting the application of the Securities Investor Protection Corporation (all related documents labelled Civ. 08-10791), filed on 15th December, stated inter alia that:

‘A proceeding under SIPA is a liquidation proceeding. The Trustee has the same powers and title with respect to the broker-dealer and its property as a Trustee in bankruptcy, including the right to avoid preferences. SIPA does not attempt to make all customers whole [see above] and SIPC is not an insurer of customer accounts. SIPA establishes a plan of limited protection via the liquidation proceeding, in which SIPC’s role is carefully delineated’.

‘It contemplates that customers’ claims will be satisfied to the maximum extent possible from the assets already on hand with the member… SIPA was not intended for the protection of brokers and dealers. However, after a liquidation proceeding is commenced to protect a member’s customers, SIPA authorizes the Trustee to close out certain contractual commitments between the members and another broker-dealer. This authority was designed to avoid the so-called “domino effect”, namely, the chance that the demise of a member might precipitate the failure of one or more other broker-dealers’.

‘Under SIPA Sec 78eee(b)(1), the Court is required to issue a protective decree if the Court finds that any of the conditions specified in the legislation exists, each of which is ‘a clear manifestation of serious difficulties that create, at the very least, an unacceptably high risk of loss of customer property for which the Defendant is responsible and accountable’.

The application by SIPC concluded:

‘According to information provided by the Commission and FINRA [the Financial Industry Regulatory Authority], the Defendant is insolvent, is unable to meet its obligations as they mature, and is not in compliance with the requirements regarding financial responsibility under sections 15(c)(3) and 17(a) of the Securities Exchange Act of 1934, 15 U.S.C. sections 78o(c)(3) and 78q(a) (2000), and [also] Commission Rules 15c3-1, 15C3-3 and 17a-3, 17 C.F.R. sections 240.15c3-1, section 240.15c3-3 and section 240.17a-3. Consequently, three of the conditions referred to in SIPA section 78eee(a)(3) and specified in SIPA section 78eee(b)(1) exist’.

‘Pursuant to SIPA section78eee(b)(1), if the defendant consents to the issuance of a protective decree, the Court “shall forthwith issue a protective decree”’.

On the same day, 15th December 2008, Bernard L. Madoff Investment Securities LLC consented to the issuance of a protective decree by the Court, although whether this will in practice adequately serve the interests of the investors in the giga-Ponzi scheme, who were in many cases themselves operating subsidiary Ponzi schemes, remains to be seen. The obvious question in the mind of this investigator and others is: with the Court-appointed Trustee having joined the Court-appointed firm of Counsel, are we looking at a pre-prepared damage limitation operation carefully designed not to expose the corruption and to procure statutory remedies, but rather to cover up linkages which would provide further direct connections with the Bush-Clinton Fraudulent Finance Money Factory operations that have already been partially exposed by this service?

IF YOU THINK YOU’RE A VICTIM, THE FBI WOULD LIKE TO HEAR FROM YOU
On 18th December 2008, the FBI issued the following Press Release:

U.S. Department of Justice
Federal Bureau of Investigation

PRESS RELEASE
26 Federal Plaza
New York
NY 10278

For Immediate Release

December 18, 2008

U.S. v. Bernard L. Madoff
http://newyork.fbi.gov/pressrel/2008/nyfo121808.htm

If you believe that you have been a financial fraud victim in the above captioned matter, please provide the following information:

(1) Full name
(2) Mailing address
(3) Phone number
(4) COPIES of any documents that substantiate your loss (do not send original documents)

Please mail this information to:

FBI New York
ATTN: Victim Assistance Office
26 Federal Plaza
23rd Floor
New York, NY 10278

Madoff’s offices on Madison Avenue have been guarded 24 hours a day, partly to prevent attacks by irate scammed investors, with the office sealed since Bernard L. Madoff was arrested, while FBI, Securities and Exchange Commission, Securities Investor Protection Corporation and Financial Industry Regulatory Authority investigators conduct urgent forensic examinations of Mr Madoff’s multiple sets of books.

Because no information is yet available on the value of the leveraged and hypothecated ‘money OUT’ numbers, the focus, as noted above, has so far been (and may remain) on the ‘money IN’ losses attributed (as at the end of 2008) to investors and operators of sub-Ponzi schemes in the Madoff giga-Ponzi operation. Here is an interim list, based upon open data available at the end of 2008, of the affected parties, whose funds have been STOLEN, not lost:

INTERIM LIST OF ‘MONEY IN’ LOSERS ARISING FROM THE DELIBERATE COLLAPSING
OF THE MADOFF COMPONENT OF THE GLOBAL PONZI MONEY MACHINE*

*Note: Data extracted from open sources. Some data varies between source.

Abu Dhabi Investment Authority [at least $400 million]
Access International Advisors, René-Thierry Magon de La Villehuchet [$1,400 million]
Aozora Bank (Japanese bank) [$230 million]
Ascot Fund [Gabriel Capital, Ascot Partners] [$0.92 billion]
Ascot Partners [Gabriel Capital], hedge fund founded by L Ezra Merkin [$1,800 million]
AXA (French insurer) [$123 million]
Banco Santander, Optimal Investment Services, Geneva [$2,870 million-$3,100 million]
Bank Medici (Austrian Bank, believed bankrupted) [$2,100 million]
Banque Bénédict Hentsch & Cie [$47.5 million -$48.8 million]
BBVA (Spanish bank) [$369 million -$404 million]
Benbassat & Cie [$935 million]
BNP Paribas SA [initially $431-$478 million, later ‘billions of Euros of losses’]
Braman, Norman, former owner of the Philadelphia Eagles [$ unknown]
Bramdean Alternatives (Mrs Nicola Horlick) [9.5% of assets]
Caissse de Dépots et Consignations [$1.4 million]
Carl and Ruth Shapiro Family Foundation [see Carl Shapiro]
Carl Shapiro, former Chairman of Kay Windsor, Inc, apparel) [$545 million]
Chais Family Foundation [$ unknown]
Clal Insurance $0.8 million]
CNP Assurances [$4.1 million]
Congregation Kehilath Jeshurun [$3.5 million]
Crédit Mutuel [$124 million]
Dexia Bank [$107 million]
EIM Group (European investment firm) [$230 million]
Elie Wiesel Foundation for Humanity [$15.2 million: 100% loss]
Eric Roth, film writer [$ unknown]
Fairfield Greenwich Advisors & Group, Walter Noel [$7,500 million]
Fairfield Sentry/Sigma Fund [see Fairfield] [$7.28 billion]
Fairfield, CT (town pension fund for public employees) [$42 million]
Feinstein, Leonard, co-founder of Bed Bath & Beyond [$ unknown]
Fix Asset Management [$400 million]
Fortis Bank, Nederland (Dutch bank) [$1,350 million-$1,400 million]
Gerald Breslauer, Los Angeles financial adviser [$ unknown]
Gift of Life Bone Marrow Foundation [$1.8 million]
Great Eastern Holdings, Singapore [$64 million]
Groupama [$13.6 million]
Harel Insurance [$14.2 million]
Harley International Ltd [Cayman: all its assets: $2.76 billion managed as at end-October 2008]
Henry Kaufman, economist [$ unknown]
Herald USA [see Bank Medici] [$2.50 billion]
HSBC Holdings [$1,000 million]
Hyopswiss (Swiss private bank) [$50 million]
Jeffrey Katzenberg [$ unknown]
JEHT Foundation [$ unknown]
Jewish Federation of Greater Washington [$10 million]
Jewish Foundation of Greater Los Angeles [$6.4 million]
Julian J. Levitt Foundation [$6.0 million]
Kevin Bacon, actor [$ unknown]
Kingate Global Management [FIM Advisors] [$2.75 billion – $3,500 million]
Korea Life Insurance [$50 million]
Lautenberg, Senator Frank and family foundation [$ unknown]
Liliane Bettencourt, L’Oréal SA heiress [$ billions unknown]
LuxALPHA SICAV – American Selection [Ascot International Advisors] [$1.4 billion]
M & B Capital Advisers (Spanish bank) [$52.8 million]
Madoff Family Foundation [$19 million]
Maimonides School [Up to $5 million]
Man Group (British hedge fund) [$360 million]
Maxam Capital Management (CT-based fund of funds) [$280 million]
Mediobanca [$0.7 million]
Merkin, Ezra, Chairman of GMAC Corporation: see Ascot Partners
Mirabaud [$ several million]
Mortimer B. Zuckerman Charitable Remainder Trust [$30 million]
Natixis (French investment bank) [$554 million]
Neue Privat Bank [$5.0 million]
New York Law School through Ascot Partners [At least $3 million]
Nomura Holdings [$304 million]
Nordea Bank (Swedish bank) [$59 million]
North Shore-Long Island Jewish Health Care System [$5.7 million
Notz Stucki [$ unknown]
Optimal Strategic US Equity [see Santander] [$3.23 billion]
Picower Foundation [$958 million: has announced closure]
Pioneer Alternative Investments [$280 million]
Primeo Select Fund US [UniCredit. Pioneer Alt Invs] [$0.85 billion]
Ramaz School [$6.0 million]
Reichmuth, (Swiss private bank) The Reichmuth Matterhorn Fund [$327 million]
Robert J. Lappin Charitable Foundation [$8 million: 100% loss]
Royal Bank of Scotland [$599 million-$625 million]
Rye Select broad market Fund [see Tremont] $3.10 billion]
SAR Academy [$1.2 million]
Senator Frank R. Lautenberg’s Charitable Foundation [$ unknown]
Société Générale [$13.8 million]
Stephen Spielberg [$ unknown]
Sterling Equities [[$ unknown]
Swiss Life Holding (Swiss insurer) [$78.9 million]
Thema International Fund [see Bank Medici] [$1.10 billion]
Tremont Group Holdings, hedge fund of Massachusetts Mutual Life [$3,300 million]
Tufts University [$20 million]
UBI Banca (Italian bank) [$86 million]
UBS AG [$ unknown]
UniCredit (Italian bank) [$92 million]
Union Bancaire Privée (Swiss bank) [$700 million -$1,080 million]
Vincent Tchenguiz, UK property magnate, via Bramdean [£40 million]
Wilpon, Fred, owner of the New York Mets [$ unknown]
Wunderkinder Foundation, Steven Spielberg [$ unknown, heavy Madoff investor]
Yeshiva University, New York [$110-$125 million: but see text above]
Zuckerman, Morton, Chairman of Boston Properties, landlords of the Citibank offices at 399 Park Avenue and owner of The New York Daily News and U.S. News and World Report [significant losses through a fund that invested substantially all of its assets with Madoff’]

FORMER PRESIDENT CLINTON FORCED TO REVEAL HIS ‘DONORS’
Finally, in a further indication that the skids are well and truly under the highest-level financial fraudsters, we must add that former President Clinton released what The New York Times called ‘a complete list’ of more than 200,000 ‘donors’ [sic] to the William J. Clinton Foundation ‘as part of an agreement to douse concerns about potential conflicts of interest if Senator Hillary Rodham Clinton is confirmed as the Secretary of State in the Obama Administration’. The list revealed that ‘some of the world’s richest people and most famous celebrities handed over large checks to finance his Presidential Library and charitable [sic] activities’.

The New York Times’ articles [19th and 20th December 2008] did not, however, mention that the Clinton Library is equipped with some of the most sophisticated state-of-the-art eavesdropping and electronic equipment in the world, and that the new list of donors and donations (of which a small selection is appended below) is indicative of a ‘you scratch my back, I’ll scratch yours’ approach, also known in the United States as ‘pay to play’.

• The disclosure of these names represents a component of a deal intended to smooth the way for Mrs Clinton to be confirmed and to move seamlessly into the State Department. On 4th January, the facile British Press was praising Mrs Clinton as ‘an honest broker’. Manifestly, Fleet Street uses a dictionary not available to the rest of us. It would be helpful if the stupid UK journalists concerned would belatedly look up the word ‘honest’ in the Oxford English Dictionary.

Funds for the Katrina disaster were channelled corruptly into a joint ‘foundation’ controlled by George H. W. Bush Sr. and former President Clinton, under the ‘nose’ of the complicit or feeble Federal Emergency Management Agency (FEMA, originally funded with ‘Black Ops’ drug money).

The fate of the Katrina money has subsequently been ‘successfully’ obfuscated by the highest-level current and former office-holding criminal financiers, so that it is currently not possible to identify Katrina funds having been moved into the William J. Clinton Foundation: but logic would suggest that this would have occurred, and/or that the funds were used to finance illicit below-the-radar financial leveraging transactions, in the usual manner.

The ‘deal’, brokered by the Obama team represented by its co-chairwoman Valerie Jarrett, reflects a 5-page Memorandum of Understanding signed on 12th December 2008 with the William J. Clinton Foundation, represented by its Chief Executive, Bruce R. Lindsey. This Memorandum required Mr Clinton to disclose his past donors by the end of 2008 and any future contributors once a year.

It also required that that ‘if’ Mrs Clinton is confirmed, the Clinton Global Initiative, an offshoot of the Foundation, will be incorporated separately, will no longer hold events outside the United States and will refuse any further contributions from foreign governments.

More vaguely, other initiatives operating under the auspices of the Foundation would follow new rules and consult with US State Department ethics officials in certain circumstances. (There is of course no reference in the document to any requirement that the ‘ethics officials’ have oversight over the intended illicit financial activities of the criminal operative Hillary Clinton in the event that, as intended, this Jezebel winds up as Secretary of State).

Previously, Mr Clinton had declined to reveal the identities of donors to his Foundation, as Federal law does not require former US Presidents to reveal foundation donors. Clinton’s main argument had been that many donors expected confidentiality.

Yet, all of a sudden, this ‘concern’ was jettisoned, in the scramble to ensure that Mrs Clinton arrives at the State Department without being cuffed and jailed or bailed on the way.

To mask this U-turn, Clinton advocates waffled following the disclosures that the list showed that Mr Clinton had nothing to hide, which is NOT the point that Clinton relied upon earlier when he declined to publish the list in order to preserve the confidentiality of the donors. Many of these parties will certainly have been chagrined at the emergence of their identifies as Clinton donors, into the public domain – not least because as this concatenation of immense financial scandals progressively expands like a solar explosion, they risk their names being dragged into the sewer along with those of the Clinton criminals themselves.

PARTIAL LIST OF CLINTON FOUNDATION ‘DONORS’
The following partial list of prominent ‘donors’ to the William J Clinton Foundation has been assembled to illustrate the ‘pay-to-play’ dimension of the way these crooks operate, lifting the veil on how these organised US gangsters have spread their filthy corruption throughout the world:

• Selected prominent donors to the William J. Clinton Foundation out of a total of 200,000 donors named by former President Clinton on 18th December 2008 in the interests of ‘transparency’ but contrary to the interests of the donors and as part of the deal to infiltrate Mrs Clinton into the State Department, where she will be ‘protected’ and from where the intention is that the fraudulent finance operations will continue:

Absolute Return for Kids [Between $1,000,001 and $5.0 million]
Abu Dhabi Ruling Family [$ not known by this service]
Alfonso Fanjul [$ not known by this service]
Alix Foundation [Between $1,000,001 and $5.0 million]
Amar Singh [Between $1,000,001 and $5.0 million]
Arnold H. Simon [Between $1,000,001 and $5.0 million]
Ausaid [Between $10,000,001 and $25 million]
Australian Government aid agency, an [$ not known by this service]
Barbra Streisand/Streisand Foundation [Between $1,000,001 and $5.0 million]
Bernard L Schwartz [Between $1,000,001 and $5.0 million]
Bill and Melinda Gates Foundation [Between $10,000,001 and $25 million]
Blackwater Training Center [$ not known by this service]
Blackwater Training Center [$ not known by this service]
Bloomberg L.P. [$ not known by this service]
Bren and Melvin Simon [Between $1,000,001 and $5.0 million]
Brunei Government aid agency, an [$ not known by this service]
Cameron Diaz, actress [Between $25,001 and $50,000]
Children’s Investment Fund Foundation, [More than $25 million]
Citi Foundation [Between $1,000,001 and $5.0 million]
Clinton Giustra Sustainable Growth Initiative, Canada [$1,000,001 to $5.0 million]
Copresida-Secretariado Tecnico [Between $10,000,001 and $25 million]
Denise Rich [Brand], former wife of Marc Rich [Hans Brand] [$250,001 to $500,000]
Dominican Government aid agency, an [$ not known by this service]
Dubai Foundation [Between $1,000,001 and $5.0 million]
Eli and Edythe Broade Foundation [Between $1,000,001 and $5.0 million]
ELMA Foundation [Between $10,000,001 and $25 million]
Elton John AIDS Foundation [Between $1,000,001 and $5.0 million]
Entergy Corporation [Between $1,000,001 and $5.0 million]
Frank Giustra, CEO, Radcliffe Foundation [Between $10,000,001 and $25 million]
Fred Eychaner [Between $10,000,001 and $25 million]
Freddie Mac [$ not known by this service]
Friends of Saudi Arabia [Between $1,000,001 and $5.0 million]
Gilbert R. Chagoury [Nigerian President Abacha crony] [$1,000,00 to $5.0 million]
Government of Brunei Darussalam [Between $1,000,001 and $5.0 million]
Government of Norway [Between $5,000,001 and $10 million]
Haim Saban and Saban Family Foundation [Between $5,000,001 and $10 million]
Howard and Michele Kessler [Between $1,000,001 and $5.0 million]
Howard Gilman Foundation [Between $1,000,001 and $5.0 million]
Hunter Foundation [Between $10,000,001 and $25 million]
Issam M. Fares & Wedge Foundation [Between $1,000,001 and $5.0 million]
James P. Greenbaum Jr. Family Foundation [Between $1,000,001 and $5.0 million]
John D. Mackay [Between $1,000,001 and $5.0 million]
Kingdom of Saudi Arabia [Between $10,000,001 and $25 million]
Kuwait Government aid agency, an [$ not known by this service]
Lakshmi N. Mittal [Between $1,000,001 and $5.0 million]
Lukas H. Lundin [Between $1,000,001 and $5.0 million]
MAC AIDS Fund [Between $1,000,001 and $5.0 million]
Mala Gaonkar Haarmann [Between $1,000,001 and $5.0 million]
Michael and Jena King [Between $1,000,001 and $5.0 million]
Michael Schumacher [Between $5,000,001 and $10 million]
Michael Smurfit [Between $1,000,001 and $5.0 million]
Harold Snyder [Between $1,000,001 and $5.0 million]
Nasser al-Rashid [Between $1,000,001 and $5.0 million]
Nationale Postcode Loterij [Between $5,000,001 and $10 million]
Norwegian Government aid agency, an [$ not known by this service]
Omani Government aid agency, an [$ not known by this service]
Open Society Institute (George Soros) [Between $1,000,001 and $5.0 million]
Paul Reynolds [Between $1,000,001 and $5.0 million]
Presidential Inaugural Committee [Between $1,000,001 and $5.0 million]
Princess Diana Memorial Fund [Between $1,000,001 and $5.0 million]
Qatari Government aid agency, an [$ not known by this service]
Richard Caring [Between $1,000,001 and $5.0 million]
Robert L. Johnson [Between $1,000,001 and $5.0 million]
Robertson Foundation [Between $1,000,001 and $5.0 million]
Rockefeller Foundation [Between $1,000,001 and $5.0 million]
Roy and Christine Sturgis Charitable and Educational Trust [$1,000,001 to $5.0 million]
Rupert Murdoch [$ not known by this service]
S. D. Abraham [Between $1,000,001 and $5.0 million]
Sheikh Mohammed al-Amoudi [Between $1,000,001 and $5.0 million]
Smith and Elizabeth Bagley [Between $1,000,001 and $5.0 million]
State of Kuwait [Between $1,000,001 and $5.0 million]
State of Qatar [Between $1,000,001 and $5.0 million]
Stephen L. Bing [Between $10,000,001 and $25 million]
Sterling Stamos Capital Management [Between $1,000,001 and $5.0 million]
Sultanate of Oman [Between $1,000,001 and $5.0 million]
Suzlon Energy [Between $1,000,001 and $5.0 million]
Swiss Reinsurance Company [Between $1,000,001 and $5.0 million]
Sydney E. Frank Foundation [Between $1,000,001 and $5.0 million]
T. G. Holdings [Between $1,000,001 and $5.0 million]
Taiwan Economic and Cultural Office [Between $1,000,001 and $5.0 million]
Taiwan Government aid agency, an [$ not known by this service]
Theodore W. Watt [Between $10,000,001 and $25 million]
Tom Golisano [Between $10,000,001 and $25 million]
Unitaid [More than $25 million]
Victor Phillip Dahdaleh Charitable Foundation [$1,000,001 to $5.0 million]
Victor Pinchuk, Ukrainian oligarch [Between $1,000,001 and $5.0 million]
Wallace W. Fowler [Between $1,000,001 and $5.0 million]
Wal-Mart Foundation [Between $1,000,001 and $5.0 million]
Walter H. Shorenstein [Between $1,000,001 and $5.0 million]
Walton Family Foundation [Between $1,000,001 and $5.0 million]
Wasserman Foundation [Between $5,000,001 and $10 million]
Zayed Family [Between $1,000,001 and $5.0 million]

CONCLUSION: U.S. DOLLAR REFUNDING MUST PROCEED AS DEMANDED BY THE G-7
Since the State Department controls much of the money operations, it is clear that the objective of the controlling corrupt “powers” has indeed been to continue the fraudulent finance operations from within the White House and the US Treasury for the next four or eight years, as previously: in other words, the fraudulent, debt-generating exotic financing was to continue seamlessly with a replacement set of highest-level fraudulent finance operatives in place, many of whom (led by Mrs Clinton and Rahm Emanuel) were/have been involved in this terrorism financing activity all along.

That is the objective ‘as we speak’. Will it be achieved? It is understood, to begin with, that former President Bill Clinton was captured some time ago on a videotape made in Alabama, referring to President-Elect Obama in disparaging ethnic terms. We have now learned that outgoing President George W. ‘Dog’ Bush is also on record as describing to Mr Obama in comparable language. Both these racist outbursts have been channelled back to the President-Elect, who reportedly laughed at the perpetrators. But ingrained in this response, we were told, was the following message:

‘You can be rude about me now, if you like. But wait and see what I’m made of when I am in power’.

Being interpreted, this means (we speak with ‘understanding’) that if you imagine that you can pressurise me, you have yet to learn what resources I can bring to bear to make you think again.

Therefore, whether the incoming President will in fact allow the fraudulent finance operations to continue seamlessly, thereby ensuring a colossal financial and economic implosion worldwide early in his Administration, the collapse of gigantic corrupted US and foreign institutions, the destruction of his Presidency and Law and Order, and the collapse of the US dollar plus an immediate reversion to ‘beggar-thy-neighbour’ competitive currency devaluations and a bitter global trade war followed by open warfare remains, in our view, on a knife-edge at this time.

• But the central issue THAT NO-ONE CAN POSSIBLY ESCAPE, is this:

DOLLAR REFUNDING CAN ONLY BE DONE BY GENERATING REVENUE, NOT DEBT
The US dollar needs refunding NOW, which cannot be done by the US Government at all, because the US Government CAN ONLY CREATE DEBT.

• IT CANNOT GENERATE REVENUE. No Government can GENERATE TAXABLE REVENUE.

The previous refunding of the US dollar was initiated by President Reagan and confirmed for public consumption by means of a communiqué dated 17th August 1982. The US dollar is in extreme need of a further refunding, to enable it to regain its capitalisation value and thus to renew the world’s international trading markets.

This can ONLY be done by means of the overdue Private Sector Refunding mechanism long since prescribed by the G-7-Approved Refinancing Programme of Capital Markets operations, generating cash REVENUE and not DEBT – with substantial ongoing on-the-books tax accruals paid into the US Treasury, to break the century-long, sterile and now completely discredited US debt-financing orgy which has brought the United States to its current status as a pariah state, reliant on exporting terrorism to ‘get its way’ and provide open-ended pretexts for it to seize the resources of others.

For this US Dollar Refunding Programme to be viable, there must be third party auditing: and the Government and its Presidential Cabinet, with an Economic Team tainted by the fraudulent finance operations of previous Administrations, cannot, in any case, be relied upon, given past experience, to do so in an objective manner.

To preclude a catastrophic perpetuation of the degenerate fraudulent finance carousel system, which is bringing the world financial and real economies to the verge of irremediable breakdown, accompanied by the collapse of colossal financial institutions and the US dollar, full disclosure and disciplined transparent regulation in perpetuity are prerequisites.

NO SOLUTION IS AVAILABLE OTHER THAN ON-THE-BOOKS.

It CANNOT be done off-the-books: and, despite immense Bush-Cheney bribery, if the Rest of the World sees the Obama Administration ‘trying this on’, and sidestepping the precise Group of Seven requirements, there will, as Senator C Dodd has said in another, related, context, be HELL TO PAY.

• WORLD-WIDE HELL TO PAY. THIS YEAR. PROBABLY IN THIS QUARTER.

SUMMARY: If the new Administration follows through with any ‘solution’ falling short of these long outstanding, pre-agreed G-7 standards, THE U.S. DOLLAR WILL COLLAPSE, the whole of humanity will suffer on a scale with no historical precedent, and the American Republic WILL NOT SURVIVE.

As the late, great Sherman Skolnik, who was right more often than wrong (sometimes he was completely off the wall, especially towards the end) used to day: Watch this space.

• References, Notes and the original Ponzi Scheme:

(1) Data courtesy of Victor Thorn, veteran researcher,
journalist and anti-New Underworld Order Author.

(2) Prudent Man Rule: This is the fundamental American principle that is applicable in respect of professional money management, originally asserted by Judge Samuel Putnum in 1830 as follows:

‘Those with responsibility to invest money for others should act with prudence, discretion, intelligence, and regard for the safety of capital as well as income’ [1830 Massachusetts Court decision: Harvard College v. Armory]. The Prudent Man Rule directs Trustees ‘to observe how men of prudence, discretion and intelligence manage their own affairs, not in regard to speculation, but in regard to the management and disposition of their funds, considering the probable income as well as the probable safety of the capital to be invested’. Investments in risky Ponzi and Pyramid Schemes and in ‘programs’ such as those referenced, typically breach the Prudent Man Rule.

Sources: (a) World Reports Limited website report dated 22nd July 2008 entitled: ‘U.S. market revamp is false prospectus’; (b) World Reports Limited website report dated 18th September 2008 entitled: ‘Michael C. Cottrell’s U.S. financial reform proposals; (International Currency Review, Volume 34, Number 1, THE COTTRELL PLAN, pages 243-272 and GLOSSARY, pages 293-326.

(3) On 13th and 22nd January 2007, this service SPECIFICALLY identified the methodology used by the CIA/Bush financial fraudsters as being based on the CLASSIC PONZI MODEL In retrospect, it is clear that few US Ponzi scam victims took the relevance of this on board. Now the name ‘Ponzi’ is finally all over the newspapers: but ONLY, so far, in the Madoff context. It needs to be applied to ALL THE INTERLINKED BUSH-CLINTON-CIA FINANCIAL SCANDALS, RIGHT ACROSS THE BOARD.
It is high time that our message in January 2007 was finally understood: PONZI is the STANDARD METHODOLOGY used for all these scamming operations mounted by criminalised US intelligence-linked cadres, to impoverish and steal from their victims AT HOME AND ABROAD. IT IS STANDARD PROCEDURE. The broken-hearted ‘package people’ investors are classic PONZI SCAM VICTIMS.

This is not, as some knee-jerk hysterics will claim, apologetics for the criminals: IT’S FACT. And the way to deal with FACT, however unpleasant, is to FACE IT. The way NOT to deal with FACT is to place one’s faith in ANONYMOUS SOURCES that, by definition, lack all credibility, whose reporting cannot be verified and which hide behind anonymity so that when they are caught out lying, they cannot be held accountable. These cowards are suspected by sane people of cynically peddling endless tall stories and disinformation that is fed to them for the self-evident purpose of keeping the scammed victims on the edge of their seats until they die. Beware of such faceless charlatans.

• MANY HAVE DIED WAITING FOR THEIR PIED PIPERS TO PLAY THEM A NICE CLOSING TUNE.

Website outlets focusing on keeping the scammed victims expecting payouts have now veered into total chaos mode, blaming everyone on earth from the probably recently deceased Madame Wu to Father Christmas in a deliberately shambolic and thoroughly cynical obfuscation offensive, designed EXCLUSIVELY to protect the perpetrators from the inevitable backlash and retribution that awaits them as soon as the scammed victims finally come to terms with the fact that they have been raped, pillaged, ransacked, and ‘hollowed out’. In readiness for the possibility that they’ll have to keep going for 8 more dreary years, targets have been switched from the Bushes to Obama.

The victims have all along been despised by the primary perpetrators, who couldn’t care less about their plight and are concerned EXCLUSIVELY with the protection of their assets and bodies against the days of reckoning that await them. The fact that the Omega Ponzi operations and related scams against private victims were perpetrated by the criminalised US intelligence community does NOT mean that the perpetrators will not receive their overdue come-uppance: it simply means that a war of attrition has to be waged against these devils, who have wrecked so many Americans’ lives.

(If the Editor is attacked for stating the truth after this posting, we will expose the backing behind the perpetrating website(s) involved in this outrageously cynical disinformation campaign).

The two initial reports in which we SPECIFICALLY exposed the Ponzi scamming dimension, which has of course now finally burst into the ‘mainstream’ with the ‘Madoff takedown’, were as follows:

(a) ‘US intelligence community OMEGA OPS/’Ponzi Game’ frauds’:
13th January 2007.

(b) ‘Treasongate background: Intel Ponzi Scamming:
Classic Ponzi Model for Unregistered Thievery’:
22nd January 2007

The report dated 22nd January 2007 containing our first posting of the summary of the classic Ponzi scam entitled ‘How Charles Ponzi pulled it off: Making a fine art out of a pyramid fraud’, was initially published in International Currency Review, Volume 27, Number 3, December 2001, pages 51-52.

• This text is now repeated immediately below, for ease of reference:

THE ORIGINAL PONZI SCHEME EXPLAINED: AGAIN, IN CASE YOU MISSED IT EARLIER
Charles Ponzi, an immigrant from Italy to Boston, MA, made millions of dollars for a brief period, by exploiting his shrewd observation that while national currencies were fluctuating wildly in 1920, just after the end of the First World War, the Universal Postal Union (UPU) issued coupons which were always worth a given amount of postage stamps.

In those days, European refugees were flocking to the United States, Canada and Brazil; and often, their only contact with their families and friends back home was an occasional letter, enclosing a few dollars. The Universal Postal Union arranged to move the millions of letters, standard business documents and messages across national borders by issuing Postal Reply Coupons. You bought a Postal Reply Coupon in your country of residence, and enclosed it with your letter.

Your mother, once she had received the letter, exchanged the Postal Reply Coupon for stamps at her local post office.

Charles Ponzi told friends in Boston: ‘Everybody’s heard of the Postal Union. They print coupons like these I’m holding here: Postal Reply Coupons. You can send a letter home, or anywhere in the world, with these coupons. And you can trade this coupon for a stamp in any country. I send my mother coupons with every letter that I write home’.

‘Now, in cooperation with certain large businesses in our city, I am making a fortune on the Postal Reply Coupon. Stocks are too risky. Forget it. And bonds, what are they paying right now? Maybe six percent? Savings accounts at Tremont Trust, they’ll give you four and a half cents on the dollar. Give them $100 and they’ll give you back $104.50. I can beat that into the ground’, Ponzi insisted, beating his cane against the floor. ‘My investors get 50 cents on the dollar. Place a hundred dollars with my Securities Exchange Company, and you take out $150. Put that $150 in, you’ll get back $225. That’s right, in six months, you can more than double your money’.

How could he pay 50%, when banks couldn’t even manage 5%? ‘Exchange rates’, Mr Ponzi explained. ‘Every morning I go down and check to see how the lira is doing against the dollar. Usually you get five lire for a dollar. This morning I checked, and with the war just ended, it takes 20 lire to the dollar’. While currency rates were bouncing around like popcorn, Mr Ponzi explained, the Postal Reply Coupon always bought one stamp. Here’s what I do’.

‘I send my cousin in Parma, Italy, $1.0. He exchanges the dollar for lire. With these 20 lire (2,000 centesimi), he can buy 66 Postal Reply Coupons (worth 30 centesimi each, the cost of a letter-sized stamp in Italy). Back in the United States, each of the coupons will buy one stamp, face value five cents. I redeem all 66 coupons for $3.30 worth of stamps. The magic happens in the exchange rate. In America, my dollar buys 20 Postal Coupons. But if I exchange the US dollar for lire, and buy the coupons in Italy, then return and buy the stamps in America, I get $3.30 worth of stamps for that same $1.0. My profit margin is 230%’.

‘Yeah, but $3.30 worth of stamps is still stamps’, complained an attentive listener.

‘I know’, said Ponzi. ‘So I sell the stamps at a 10% discount through my contacts with the larger firms downtown. Deducting the discount, I’ve got $3.0 cash now, from the $1.0 that I started out with.

Now, let’s say, I got that dollar from you. I will pay you back your dollar, plus 50 cents interest. Since I just sold $3.0 worth of stamps, I have a dollar and 50 cents for myself’.

‘I’m going to spend a third of that money on my offices and processing overheads, and a third on commissions and bonuses to my sales people; and then, ladies and gentlemen, I’m going to pocket the other third and take my wife for a stroll’.

This was the essence of the original Ponzi scheme. Note that in this description, Ponzi starts out by exploiting the fluctuations of exchange rates, and the lack of arbitrage; and note that, by the end of the explanation, he is simply offering 50% interest, which he pays out to old claimants out of the additional funds he has received from other investors who are likewise anticipating a 50% return on their investments, within a short space of time.

The germ of the idea was derived from the foreign exchange market; but once Ponzi has realised that people will pour money his way if they are promised a 50% return, he can finally abandon his elaborate explanation (‘his ‘prospectus’) of the exploitation of exchange rate fluctuations and the tedious task of shipping, receiving, handling and exchanging Postal Reply Coupons, which gave him the ‘easy money’ idea in the first place.

In other words, his sales pitch is no more than a now redundant, expendable illustration – a false prospectus which disguises the fact that he is really promoting a pyramid selling operation. For he has realised that all his investors care about is receiving 50% on their money. How this is to be achieved does not normally concern them.

By December 1920, Charles Ponzi was matching old money with ever larger amounts of new money. In May 1921 alone, almost $500,000 of new money poured into the Securities Exchange Company – as 1,500 or more new customers, lured by the 50% yield offered through advertisements, sought their share of the huge profits they thought would be forthcoming at minimal risk. The office now bulged with fat stacks of dollar bills.

THE FLOOR STARTS TO GIVE WAY BENEATH HIM
But problems started to arise when Joseph Daniels filed a lawsuit alleging that he had helped to found the Securities Exchange Company (SEC) with a loan of $230 worth of furniture plus $200 in cash. Daniels had indeed provided the beaten-up desks that had been offloaded in the dusty office, and had let Mr Ponzi have $200 to spark interest in the Postal Coupons.

It wasn’t simply a loan, Mr Daniels maintained, now that Mr Ponzi was drowning in cash. ‘We were partners. I put up capital and property’. On 2nd July, Mr Ponzi was handed a demand for $1.0 million.

The Boston Post telephoned, and Mr Ponzi told the reporter that he had indeed bought furniture from Mr Daniels, but that he had never received any money for investment from him.

But when the newly installed banking commissioner for Massachusetts, Joseph Allen, read the newspaper, he wondered: ‘Where did Ponzi come from? Who are his associates? How is he managing to double people’s money?’

Allen asked Ponzi to pop round to his office, for an interview. The Securities Exchange Company did not describe itself as a bank, nor did it offer any banking services. Therefore, in the absence of a complaint – and none had yet arrived – the Commissioner had no jurisdiction to examine Ponzi’s business. At the interview, Ponzi explained the curiosities surrounding Postal Coupons, pointed out that money chased money, collected his coat, doffed his hat, and bid Mr Allen goodbye.

But Richard Grozier, city editor at The Boston Post, had always thought that Charles Ponzi’s scheme was fraudulent; and to initiate what he fancied would indeed be the inevitable débacle, he elicited a comment from one of Boston’s leading citizens, Clarence Barron, the owner of Dow Jones & Co and The Wall Street Journal.

At the end of July 1920, The Boston Post carried a front page story entitled: ‘Clarence Barron questions the motive behind Ponzi’s scheme’.

Theoretically, Barron admitted, you could indeed turn a profit on the UPU coupons. But that was the only truth buried within the operation. You could never earn more than a few thousand dollars, not just because of the trouble involved in offloading the stamps and tracking the various conversions driving the process, but because there simply were not enough coupons available.

France, Romania and Spain had just abandoned the scheme, a few months earlier. A cursory check with the UPU showed that they had a few hundred thousand dollars’ worth of coupons in circulation – nowhere near the $10 million or $15 million Mr Ponzi claimed to be trading. So where was Ponzi getting his coupons from? Furthermore, the US Postal Service had announced, on 2nd July 1920, that Postal Reply Coupons would no longer be redeemable in lots larger than ten. So how was Ponzi converting his coupons into stamps?

Finally, Barron asked, if Ponzi is doubling everyone else’s money, why does he keep his own funds in regional banks? The Boston Post knew that Ponzi kept millions of dollars on deposit at seven or eight New England banks, and that the accounts were ballooning. How could a man who was paying 100% interest every 90 days, put up with drawing just 4% on his holdings? Barron concluded:

‘Right under the eyes of our Government, Mr Ponzi has been paying out US money to one line, with deposits taken from a succeeding line’ (another bank).

All of a sudden, all the doors which had flown back on their hinges at the sight of Mr Ponzi, were slamming tight shut. The Massachusetts District Attorney ordered Ponzi to cease and desist. His customers demanded their money back, and Ponzi was eventually jailed for Federal mail fraud, then deported. He wound up destitute in South America.

(4) The following documents were obtained by the Editor from the United States District Court for the Southern District of New York in December 2008:

1: Securities and Exchange Commission COMPLAINT vs: Bernard L. Madoff and Bernard L. Madoff Investment Securities LLC, Defendants: Reference: 08 Civ. 10791 filed 4:51pm 11 December 2008.

2: Securities and Exchange Commission COMPLAINT vs: Bernard L. Madoff and Bernard L. Madoff Investment Securities LLC, Defendants: Reference: 08 Civ. 10791 (LLS): Appointment of Receiver, Lee Richards, partner of Richards Kibbe & Orbe LLP ‘over all the assets and accounts of defendant Bernard L. Madoff Investment Securities LLC (“BMIS”) outside of the United States, to take control forthwith over BMIS’s dealings and transactions with any non-United States entity or counterparty, with full access to BMIS’s books and records necessary or useful to him in the exercise of his powers over BMIS’s foreign business or transactions’ signed by United States District Judge Louis L. Stanton at 6.42pm on 12th December 2008.

3: Securities and Exchange Commission ORDER vs: Bernard L. Madoff and Bernard L. Madoff Investment Securities LLC, Defendants: Reference: 08 Civ. 10791 (LLS) ECF Case: Order to show cause, Temporary Restraining Order and Order Freezing Assets and Granting Other Relief; Order consented to by defendants and therefore signed off by United States District Judge Louis L. Stanton at 4:51pm on 13th December 2008.

4: Securities and Exchange Commission and Securities and Investor Protection Corporation ORDER vs: Bernard L. Madoff and Bernard L. Madoff Investment Securities LLC, Defendants: Reference: 08 Civ. 10791: Appointing Irving H. Picard as Trustee and law firm Baker & Hostetler LLP as Counsel for the Trustee ‘with all the duties and powers of a Trustee as is prescribed by the Securities Investor Protection Act’, and inter alia authorising the Trustee ‘to take immediate possession of the property of the Defendant, wherever located, including but not limited to the books and the records of the Defendant, and to open accounts and obtain a safe deposit box at a bank or banks to be chosen by the Trustee’: signed by United States District Judge Louis L. Stanton at 4:08pm on 13th December.

5: Securities and Exchange Commission and Securities and Investor Protection Corporation ORDER vs: Bernard L. Madoff and Bernard L. Madoff Investment Securities LLC, Defendants: Reference: 08 Civ. 10791: Application to the Court of the Securities Investor Protection Corporation (SIPC), signed and filed on 15th December 2008.

6: Securities and Exchange Commission and Securities and Investor Protection Corporation ORDER vs: Bernard L. Madoff and Bernard L. Madoff Investment Securities LLC, Defendants: Reference: 08 Civ. 10791: Memorandum of Law in support of the application to the Court of the Securities Investor Protection Corporation; signed and filed on 15th December 2008.

7: Securities and Exchange Commission and Securities and Investor Protection Corporation ORDER vs: Bernard L. Madoff and Bernard L. Madoff Investment Securities LLC, Defendants: Reference: 08 Civ. 10791: Consent by Bernard L. Madoff Investment Securities LLC, signed by Bernard L. Madoff as ‘Sole Member’, to the service of the Complaint and the Application by the Securities Investor Protection Corporation, dated, notarised and filed on 15th December 2008.

8: United States of America v. Bernard L. Madoff: Case # 08 MAG 2735: AGREEMENT TO FORFEIT PROPERTY, signed by Bernard L. Madoff and Ruth Madoff on 17th December 2008 and filed on that date. The property forfeited: 133 East 64th Street, Apt 11A/PH, New York, NY 10065; 410 N. Lake Way, Palm Beach, FL 33480; 216 Old Montauk Highway, NY 11954.

9: Extensive miscellaneous related documentation.

George Orwell: ‘In an age of deceit, speaking the truth is a revolutionary act’.

US friend: ‘You are to be congratulated on a masterful piece of research in exposing the treason and the biggest heist in history’.

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.

THE CORRUPT OCTOPUS HAS BEEN SEVERELY WOUNDED

PRESIDENT SARKOZY THREATENS CHANCELLOR MERKEL WITH ARREST

Sunday 26 October 2008 00:01

• UPDATE, 11.00 PM NEW YORK TIME, 26TH SEPTEMBER:
• Scroll to foot of the report, above the Notes and References and the Annexe:

• SARKOZY REFUSES TO TAKE PHONE CALLS FROM PRESIDENT BUSH 43 OR HIS AIDES

EQUIPPED WITH BUSH’S SIGNATURE, THE E.U. PRESIDENT FORCES THE PACE

E.U. GOVERNMENTS TELL SARKOZY TO ‘FIX IT, OR WE’LL DEPOSE YOU’

BITTER ONGOING DISPUTE AND RIVALRY BETWEEN SARKOZY AND MERKEL

GORDON BROWN TOLD ‘YOU WILL BE REMOVED IF YOU DON’T DELIVER’

MASS ARRESTS OF HIGH-UPS IN EUROPE, THE U.S. AND THE REST OF THE WORLD

HISTORIC DEVELOPMENTS UNREPORTED BY THE CONFUSED ‘MAINSTREAM’

BLEEDING CRIMINAL OCTOPUS VEHEMENTLY RESISTING INEVITABLE EXECUTION

TRUSTEE WHO DECEIVED THE EDITOR FOR TWO YEARS, REPORTEDLY ‘TAKEN DOWN’

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• 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.

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• 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, #1, consisting of 400 pages, is ‘on machine’ and will be distributed worldwide in early November 2008. It tracks the fallout from our exposures of the criminality from mid-April to 6th October 2008, when the issue 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. The issue will be mailed to paid-up subscribers only.

• 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.

• NEW REPORT STARTS HERE:

CRIMINAL GANG HOLDING THE WORLD TO RANSOM ARE ON THE ROPES
New York, 25th October 2008: In the following report, it will be conclusively proven that the world has been held to ransom by an international gang of geocriminal financial operatives and their corrupted, co-conspiring banking sector associates bent on ransacking, pillaging and stealing every financial balance they can lay their hands on, with what they assumed was impunity.

This is first and foremost a geocriminal crisis, as will be further exposed when we publish a special report, currently in preparation, demonstrating the serial illegality of the securitisation processes attaching value to diluted fake ‘assets’ that have no underlying value whatsoever. This report will be published as soon as possible, and this side of Christmas.

Meanwhile it is shown below that the forces of law and order are progressively decimating the ranks of these rats, who were all originally energised by the George H. W. Bush Sr. criminalist network, reporting to the pan-German Nazi long-range strategic deception Continuum based in Dachau, near Munich (Deutsche Verteidigungs Dienst or DVD).

The ‘smoking gun’ link in this chain of criminality is the female operative named Angela Merkel, the German Chancellor, who was formerly the Secretary of the Agitation and Propaganda Department of the Young Communists at Marx-Lenin University, East Berlin.

This STASI/DVD operative is reported to us to have been receiving bribes arranged by George Bush Sr. for the past four years, in exchange for which she is required to guard his proceeds of financial crime held in accounts with Germany’s largest financial institution.

George Bush Sr.’s financial fraud technician-in-chief has all along been Dr Alan Greenspan, a Dark Actor Playing Games, whose acting skills almost deserted him completely when he appeared before a House of Representatives Committee on 23rd October.

Faced with the toughest grilling of his career (which was nothing like tough enough), Dr Greenspan pretended that he was ‘in a state of shocked disbelief’ at what has happened, when of course what he actually meant was that he is in a state of shocked disbelief that he got caught. His continuing intransigence has resulted in some of his closest associates being physically liquidated between 30th September and 2nd October, when he was told that ‘if you continue blocking the Settlements, you’ll be next’. Apparently these hardened criminals don’t think or reason like the rest of us.

His stance, for public consumption, in the face of having been caught out, is to affect shock and disbelief, mingled with a touch of ‘gaga’, as though he’s completely beyond his sell-by date and hasn’t much of a clue about what’s going on any more. He was awfully quiet on that occasion, whereas normally he runs rings round the legislators.

Greenspan’s testimony on 23rd October gave new meaning to the word ‘hypocrisy’, and he showed no remorse whatsoever for having been the primary mover in decimating the lives of millions of people around the world. Basically he said that he made a small mistake, whereas in reality, as the whole world that matters, knows full well, he stole money on a gargantuan scale. Don’t email us and ask why he’s still at large: we cannot possibly answer such a complex question.

Further, since at least 10,000 of his banking and other co-conspirators have ‘gone down’ (either to jail or the grave) since these criminals were cornered in 2006-2007, his own prospects are, shall we say, dismal in the extreme. This also applies to a number of very well-known figures on the stage, as will become apparent over the course of time.

In this analysis, too, we will again observe the ‘rats in a sack syndrome’, which gives all of us great hope for the future. This presupposes that criminals always fall out among themselves: they always turn on each other, since none of them can trust any of their colleagues or peers.

This is now happening on a scale that has never occurred before, and the tensions created by these divisions are even filtering into the consciousness of the ‘mainstream media’, which still appears to have little idea of the underlying causes of this crisis, and is simply regurgitating the pabulum fed to it by the directors of this theatrical snake dance.

For instance, The Times of London is running a blog designed to encourage people to answer the question: ‘What caused the crisis?’ There wouldn’t be much point in telephoning The Times to point out that the answer to this question is emblazoned all over this website, because journalists on these newspapers invariably know better than the experts. Besides, there is another, rather more insidious, reason why they won’t bother to do their due diligence on this score [see below].

MACRO-SUMMARY OF WHAT HAPPENED FROM SEPTEMBER ONWARDS
From 6th September 2008 onwards, certain measures were taken in Britain to provide highest-level authorities with documented information that enabled them to ‘connect the dots’ with respect to the background to the blocking of the Settlement funds.

These consist of the $6.2 trillion loan provided by Her Majesty the Queen and Prince Al-Aweed al-Talal of Saudi Arabia, plus $7.8 trillion loaned altogether by the Chinese. These loans are for the wholesale Settlements; and these are the loan funds that have been BLOCKED from distribution and illegally exploited to sustain the Wall Street and foreign banks’ carousel, enabling all of the banks involved to collect fees as the leveraged money circulates among the institutions.

• The funds were moved to the United States because the Settlements are payable in US dollars.

• FACT: CRIMINAL BLOCKING OF THE SETTLEMENT IS RESPONSIBLE FOR THIS CRISIS
On Saturday 25th October, suspicion was focused on ‘Paulson’, who was reported to us to be again blocking the payouts. These geocriminalist operatives take turns to block the Settlements.

The $14 trillion has been sitting in Treasury suspense accounts with the same custodial group for months, earmarked to finance the wholesale Settlements. It has, as noted above, been illegally BLOCKED and misused by the Bush-Greenspan-Paulson-Clinton geocriminal ‘Syndicate’ which is holding the whole world to ransom, and couldn’t care less about the suffering it has caused.

In addition to the documented information referenced above, certain advice was proffered to the highest levels in London, to the effect that, since the wholesale Settlements were STILL being blocked, only a stance of reinforced steel would be liable to yield the necessary results.

Within a matter of days, the $14 trillion were placed in LOCKDOWN by order of two Heads of State (the British and Chinese), the practical effect of which was that the ‘real money’ underpinning the financial carousel was suddenly no longer available: whereupon the financial carousel suddenly stopped on 19th September. The music stopped.

Ever since then, the global crisis for which the geocriminals headed by the Bushes, ‘Paulson’ and Dr Alan Greenspan are explicitly responsible, has been getting steadily worse and worse, as the Europeans have made it plain that they have had enough of this criminality: so, with the carousel halted, the volume of defaults is increasing all the time, while ‘Paulson’ throws new money at the problem (which he is able to do, to a certain extent), to no effect as the hole is growing ever wider.

• Like a gambler in a casino hopelessly trying to recoup his immense losses by gambling more and more, ‘Paulson’ (proxy now for the US authorities who thought they would never be found out), is pouring more and more ‘new’ money into the system: and yet the defaults are exploding and will continue to go off like grenades for the foreseeable future, so that he can never hope to catch up.

Faced with this situation, the two nearly defeated but still typically arrogant US criminalist co-conspirators, Messrs ‘Paulson’ and Bernanke, appeared before Congress and tried to ‘bounce’ it into coughing up $700+ billion of emergency appropriations on demand, even threatening Martial Law if Congress demurred. When Congress naturally baulked at this arrogance, there followed the two weeks of theatrical activity parodied in our ‘sausages’ metaphor report.

The ‘new money’ was ‘needed’, in reality, to underpin the financing carousel that had suddenly stopped circulating; but in the meantime, since the carousel had stopped, the financial markets descended into chaos while the politicians and the representatives of the criminalist Executive squabbled over their sordid pork-barrel document which duly grew to well over 400 pages, a significant proportion of which have never been published. Final ‘agreement’ on the legislation satisfied the stock markets for a just couple of days, after which they reverted to chaos mode.

One likely reason for this is that that a hedge fund located in Grand Cayman linked to prominent figures may have received a proportion of the final pork-barrel $780 billion of US taxpayers’ money to provide the basis for a brand new ‘funny money’ financing platform, which has been ‘Paulson’s’ objective all along. These people are still fantasising that they can exit from Government with the finance that they ‘need’ to restart their own ‘refunding’ and trading carousel, after leaving office.

• This is a fantasy because most of these people face a bleak future that ‘they never anticipated’.

DUPLICITOUS BUT SUBDUED GREENSPAN BAMBOOZLES CONGRESS AGAIN
In his testimony before Congress on 23rd October, Dr Alan Greenspan, far more subdued than usual, and facing the continued prospect of arrest, nevertheless resorted to his familiar smooth verbiage to describe what has happened, which of course made no reference whatsoever to the fact that he is himself the architect and originator of the fraudulent finance that underlies the worst financial crisis in world history – a crisis that was predicted by this website.

• This smooth verbiage included the following:

‘This crisis has turned out to be much broader than anything I could have imagined’ (unspoken: I never imagined it because I thought the music would continue for ever, would never stop, and I could keep on stealing, stealing, stealing). ‘It has morphed from one gripped by liquidity restraints to one in which fears of insolvency are now paramount’.

‘The evidence strongly suggests that without the excess demand from securitizers, sub-prime mortgage originations (undeniably the original source of the crisis) would have been far smaller, and defaults accordingly far lower’.

As will be seen, all that Greenspan did here was to describe the situation in general terms, offering no solutions and deflecting attention from his own culpability while at the same time perpetuating the CIA ‘slide’ that the crisis stemmed originally from the ‘sub-prime mortgage meltdown’.

The only element of that last statement that is true concerns the fact that when the ‘taster’ low-interest period of certain mortgages ended, very large increases in monthly payments proved impossible for lower-income householders to finance. However the real financial scandal buried inside this ‘slide’ is that the mortgage bank prospectively gets paid FOUR TIMES per mortgage:

Payment #1:
Down payment and subsequent income stream from the householder granted the mortgage.

Payment #2:
A discounted payment from the ‘mortgage collectiviser’ (such as Lehman Brothers or Bear Stearns) which buys the mortgage at a discount from the mortgage bank and then sells it on to Fannie Mae or Freddie Mac, which then places the mortgage in a trust, which then creates Collateralised Debt Obligations (CDOs) after collectivisation with other mortgages (or even with dud paper), and then splits the CDOs into tranches, which are then multiplied creating a ‘basket’ of pools of tranches which are sold off to institutions, especially carousel participating institutions abroad which didn’t originally do their due diligence, with the resulting avalanche of completely worthless assets being propped up alone by the NAMES OF THE INSTITUTIONS marketing them.

Of course, from the earliest stage of this avalanche, the owners of the ‘assets’ beyond the original mortgage bank have sold them ‘without recourse’ to the holder of the original mortgage.

Therefore, if the mortgagee defaults, so that the ORIGINAL asset has become worthless, none of the parties ‘downstream’ is any the wiser. They just keep on marketing successive tranches of these fake ‘assets’ ON THE UNCHECKED ASSUMPTION that the original mortgage is still intact.

• For Greenspan, who was arrested in June 2007 and held under house arrest/in jail for three weeks to bring him to his senses, to tell Congress that he ‘couldn’t have imagined’ this being the case, is TYPICALLY SELF-SERVING and UTTERLY OUTRAGEOUS.

Payment #3:
Since the bank continues to hold the associated Universal Commercial Code 1 document that goes with the original mortgage and does not ‘travel’ with the subsequent hypothecations, the bank is in a position to sell the mortgage a second time, to a third party (which starts the replication process beyond the mortgage bank all over again).

Payment #4:
Finally, the bank of course continues to demand the repayments from the mortgagee. Should the mortgagee default, and foreclosure occurs, the bank hopes to be in a position to repossess the property, whereupon it becomes a realtor and proceeds to sell it or to provide a mortgage against it from scratch (which would open up a further three prospective payments for the mortgage bank in accordance with the above sequence).

In such cases, people facing repossession should, as we pointed out in our report dated 26th December 2007, demand that the TOP COPY of the mortgage document be presented to the Court.

Since the bank has sold the mortgage on, it may not be able to comply with this demand, in which case the repossession should be adjudged to be null and void.

• A related scam associated with this scandal here is that mortgagees may have been asked to sign THREE TOP COPIES of the mortgage documents, which of course greatly facilitates the proliferation of this fraudulent financing scam scenario.

At the IMF/World Bank Group Annual Meetings held in Washington, DC, in 2007, Dr Alan Greenspan gave the prestigious Per Jacobssen Lecture. The security surrounding this event was far greater than the generally heightened level of security always evident at these meetings nowadays.

Specifically, several lines of jackbooted police thugs stood in parallel along the street close to the IMF headquarters buildings, while all the compliant financial sector guests, on a strictly ‘Invitation Only’ basis (contrary to earlier custom for the Per Jacobssen Lecture) crowded into the auditorium to hear the words of wisdom cascading from this smooth financial criminal’s duplicitous lips.

No doubt none of the bankers who attended on that occasion in 2007 gave a moment’s thought to the reality that by following this world-class criminalist pied piper, they had become liable as co-conspirators and accessories to the fact of the biggest rolling financial scamming and hijacking operation in world history, and that due to their greed and sheep-like stupidity, many would find their institutions in severe difficulties a year later.

As mentioned above, at least 10,000 of these people have vanished behind bars or worse, while a certain number of Dr Greenspan’s closest associates ‘are no longer with us’; and yet even as this report is being published, the solution to the crisis, in the format of the Settlements payouts from the $14 trillion that remains in lockdown, is STILL being blocked.

CONSEQUENCES OF PAYING OUT THE SETTLEMENT FUNDS
To revert to the wholesale Settlements: Payment of the wholesale Settlement cash funds, currently in LOCKDOWN due to certain events that we cannot go further into and that took place in Britain in early September 2008, will elevate all recipients of such funds to ‘primary’ status, while ‘degrading’ other $ monies, since the $14 trillion is in fact the only cash-cash money in the world.

Further, activation of the G-7-Approved Refinancing Program – the previously referenced agreed-upon on-the-books fully taxed and 100% transparent limited private sector Capital Markets trading operations – will deliver massive ongoing ‘windfall’ tax receipts to the US Treasury, bringing to an end the century-long one-way deficit-financing orgy that has all but destroyed the United States and which ‘Paulson’ and the other US financial criminals want to continue. Why is that? Answer:

• Because with the reversal of the one-way deficit-financing orgy, there won’t be a lot for the likes of Goldman Sachs, which has grown fat and arrogant on the back of this one-way deficit-financing binge – to do. The fact that it is conspicuously in the interests of the American taxpayer for the G-7-Approved Refinancing Program to be implemented, is of no interest to these criminals, who place the interests (in this case) of Goldman Sachs above the interests of the American people.

On 22nd October [see bellow] it transpired that some problem or other at the corrupted Bank of England had arisen, again blocking the payouts. The Bank was reported to have been ‘not ready’. However Prime Minister Gordon Brown was sharply reminded from the highest level that if he stood in the way of the Settlements, he would be removed from office [see below].

When setting up the criminal finance carousel and ‘Never-Pay Syndrome’, Greenspan and Bush Sr. et al. chose the United Kingdom as their Master Platform.

The consequences for Britain of having allowed these criminals to use the City of London and the British financial sector generally as their Master Platform are already, and will continue to be, quite devastating. The pound has already collapsed by between 48 and 52 cents from its peaks of $2.0457 per UK£1.0 on 10th December 2007, $2.0311 on 12th March 2008, and $2.0036 on 15th July 2008, and is now below $1.53 [Friday 24th October]. It could fall further, for reasons now explained:

PERVERSE, WRONG-HEADED EUROPHILE IDEOLOGY HAS DESTROYED BRITAIN’S ECONOMY
Britain has been comprehensively ‘enronised’ (hollowed out) as a direct consequence of the crass policy of entanglement with European schemes perpetrated by successive indoctrinated cadres in all three main UK political parties and within the Intelligence Power that controls them.

Their internationalist ideology presupposes not only the collectivisation of all national interests (even though British politicians inconsistently continue to talk about the national interest), but that in a ‘Common Market’, it is neither here nor there whether the Germans and/or the French acquire ownership of British national assets such as the engineering and nuclear industries.

• As an international socialist, Brown couldn’t care less about such issues. Such revolutionaries have chips on their shoulders the size of the pyramids.

All the British political parties are mesmerised by this catastrophic ‘European policy’, which in practice represents capitulation to Germany, in specific conformity with the blueprint set out by Nazi intellectuals in their seminar compendium entitled ‘Europäische Wirtschaftsgemeinschaft’ (the ‘European Economic Community’) published in Berlin in 1942, then elaborated by the Nazi German Geopolitical Centre in Madrid in the early postwar years, institutionalised by the Treaty of Rome establishing the European Communities, and replicated via the Maastricht Treaty of 1992, the chapter headings of which are almost identical to those of the 1942 Nazi compendium.

The country’s industrial base has been decimated as a specific consequence of this crass policy; and even today, the present internationalist British Government and the greedy City of London are blithely engaged in selling off as many of the country’s real assets as possible. In addition to those assets sold off to the Germans, as summarised in our DVD exposure of 20th September, the Brown Government has consented to the acquisition of Britain’s nuclear power industry by Electricité de France (EDF), an asset of the French Government which is bound to Germany in perpetuity under the 1963 Treaty of the Elysée procured by General de Gaulle and the Hitler-era Mayor of Cologne, Dr Konrad Adenauer. [For further details and background, see below].

Most cars seen on British roads nowadays are German or French, the country’s once-thriving national motor industry having been sold off to foreigners.

Meanwhile the greedy City of London, on which the economy has therefore had to rely excessively for income, has been taken to the cleaners given that the geocriminalist syndicate has used Britain as its Master Platform, so that the inevitable total unravelling of the fraudulent finance derivatives scamming operation organised by the Greenspan-Bush-DVD/CIA-1 strategists will leave the City of London severely thinned out and less able than ever to fill the massive financing gaps arising from the headlong, DVD-masterminded de-industrialisation that has taken place as a consequence of the false European prospectus embraced by ignorant ideologues littering the political landscape.

A glance at some of the British numbers makes sick-making reading. In respect of the country’s international investment position, British nominal assets abroad rose from $2,782.92 billion in 1996 to $12,882.05 billion in 2007, while the country’s liabilities abroad increased from $2,877.12 billion to $13,697.08 billion. Thus the country’s net external investment deficit ballooned from – $94.2 billion, to – $702.06 billion. By contrast, on lower turnover, Germany’s net external investment surplus over the same period rose from $89.54 billion to $951.88 billion.

• The United Kingdom’s accumulated merchandise trade deficit between 1996 and 2007 inclusive amounted to – $943.64 billion, while the current account deficit reached – $473 billion.

Despite shallow talk by pundits about inflation not being a threat, the heavily massaged official year-on-year consumer price inflation figure for July 2008 was already +4.4%, with overall UK producer prices up by 6.7%. The assumption is that with oil prices heading towards $50 per barrel compared with their peak of $143 per barrel, inflationary pressures will abate.

However since the pound has depreciated from its peaks by more than 25% and has much further to go in our view, and the UK Government has poured vast non-existent fiat resources into the financial sector to prevent it from collapsing after the financing carousel halted, and monetary expansion was already vigorous by July (year-on-year M1 was up by 8.2% and M4 by 11.0%), the money-printing spigot has been unscrewed, so that price inflation remains a severe threat.

• This will remain true even though the British economy is now in recession, having contracted by 0.5% in the third quarter of this year.

The threat is exacerbated by the fact that the Brown Government, which of course failed to do anything whatsoever to curb the financial excesses, let alone to stop Britain being used as the geocriminalists’ Master Financing Platform, has, via its knee-jerk response to the crisis, expanded its panic-driven deficit-financing to an unprecedented degree, creating a hideous burden for future generations. Additionally, UK domestic credit expanded from £961.48 billion at the end of 1996, to £2,638.87 billion in December 2007, representing an increase of £1,677.39 billion, or an average £152.49 billion expansion of domestic credit recorded in the real economy per annum.

Since the county is running huge structural balance-of-payments deficits, this credit is based on NOTHING WHATSOEVER. And of course these data exclude all reference to the colossal mountains of derivatives-sector ‘funny money’ assets held off-balance sheet and offshore, some of which has been leaking into the ‘real’ economy and therefore surreptitiously onto the books via the banks.

LONDON ‘LOCK BOX’ RAIDS YIELDED THE DECISIVE EVIDENCE NEEDED
Flashback to 2nd June 2008, when the Metropolitan Police, headed by Deputy Assistant Police Commissioner John Yates, raided three ‘safety lock box’ centres in London (Mayfair, Edgeware and Hampstead), with the assistance of 300 heavily armed police.

• It will be recalled from our reports at the time that Yates made sure that the mainstream UK and foreign print and broadcast media were present with their TV camera assets and photographers to witness the scene when the police raided the Mayfair establishment.

He did this by careful prior design, in collaboration with ‘other authorities’, in order to send a clear signal to the geocriminal cadres that the game was up, and that the British authorities held all the evidence arising from the fact that Britain had been used as the Master Platform. The stolen and other collateral assets were therefore held in these London ‘safety lock boxes’, as well as with a number of selected financial institutions offering custodial services.

• FACT: The ‘safety lock boxes’ were used to store the stolen and other collateral and assets used as base for the geocriminal financial operations orchestrated by the Bush-Greenspan-CIA-1/DVD geocriminal octopus, using the United Kingdom as their Master Platform.

• We repeat: Britain has all along been used as the primary Master Platform from which these fraudulent finance operations were launched. This can only now be revealed.

The raids on the ‘safety lock boxes’ will have taken much careful preparation, especially given the presence of 300 armed police, indicating that the sheer momentum for the end-game triggered by our exposures could not be ignored and had to be acted upon in London, given that the criminal activities were run out of the British capital. And of course the fact that the Metropolitan Police needed 300 heavily armed police as cover SPEAKS FOR ITSELF.

• After all they were confronting the most ruthless gang of professional fraudsters in history.

The criminalist cadres miscalculated, on the assumption (a) that ‘none of this would ever come out’ (1) and (b) that in the unlikely event of exposure, a British Government, elements of which will have been compromised, would have preferred to adhere to the criminalists’ omertà regime, rather than to institute vigorous measures to cauterise the financial corruption.

Bad mistake. Because Deputy Assistant Metropolitan Police Commissioner John Yates was the top policeman who masterminded investigations into the notorious ‘cash for peerages’ scandal during the Blair era, bringing forward evidence of corruption which he was later prevented by political pressures from taking any further.

It is most unlikely that such a fine upstanding policeman would have been prepared to take this lying down. Accordingly, we suspect, Yates was all the more determined that the (probably linked) investigations into the ‘safety lock boxes’ would be pursued with great determination and that no steps would be spared in connection with this operation.

Hence the quite unprecedented presence of 300 armed police and the equally unprecedented UK and world media and TV presence, which was very deliberately intended to ensure that the whole world, ‘where it matters’, would be informed that the game was now well and truly up.

AND THAT IS PRECISELY THE CASE. Everything that has happened since the British ‘safety lock box raids’ has followed on directly from this historically unprecedented takedown, which has placed the irrefutably relevant evidence into the hands of judicial authorities in the relevant countries.

THE IMF’S HINT THAT THEY KNOW ALL ABOUT THE CORRUPTION (OF COURSE)
Following the inadvertent acknowledgement by Herr Peer Steinbrück, Germany’s Finance Minister, at a German Press Conference on 10th October 2008 attended by your correspondent at the Annual Meetings of the International Monetary Fund and the World Bank Group, to the effect that he knew all about the Settlements crisis and the related criminality, the Editor picked up a further reference, somewhat more oblique, at a later Press Conference in the auditorium off the Press Room.

Specifically, Mr Lipsky, the First Deputy Managing Director of the IMF (the guy with the handlebar moustache), alluded, in the Editor’s presence, to ‘certain issues which for various reasons I won’t be discussing today’ – a reference which, of course, the somnolent ‘mainstream’ media hacks who were present, failed to pick up on: perhaps because they were mainly Germans.

At these so-called press conferences (actually, monologues), one is at the mercy of having to catch the eye of the convenor on the platform: and such people are notoriously wayward, indicating their assent by a nod and then calling on another journalist instead.

THE GEOFINANCIAL FRAUDS COULDN’T BE MENTIONED, OR THEY’D HAVE TO RESPOND
An interesting fact that has been drawn to our attention is that the authorities of countries that have been raped and pillaged by the cornered Bush-linked geocriminalists face the apparent problem that they ‘cannot’ mention the criminal activity in public, because if they do, they would have to take open measures to deal with this offensive.

Since so many foreigners have been corrupted by this vast DVD-sponsored operation, they are supposedly constrained in this respect (we are advised, although of course we do not agree with this feckless attitude). So, at the IMF/World Bank Annual Meetings, for instance, NO open reference to the true cause of the crisis was ‘permissible’: instead, the participants were all walking around the elephant. The one thing that COULD NOT BE MENTIONED was the US high-level corruption.

For ‘insider’ consumption among the corrupt élite, the excuse for not tackling the real cause of the crisis head-on, appears to have been that ‘this is a private matter between The Queen, the World Court and President George W. Bush Jr.’ (The Queen being the greatly injured party, of course). The Chinese parties, working closely with the British, also have a very severe grievance.

However this omertà convention (evident from the rude put-down of the Editor of this service delivered by the Banque de France representative, as previously reported) merely invites the justified accusation that every single one of these people on the stage is de facto (or in reality) a co-conspirator and an accessory to the fact of historically unprecedented financial criminality and of FINANCING TERRORISM. If they know about it, they are de facto a party to it.

That explains why so many of these people look terrified: and with good reason, as more and more of them are arrested without any warning. They are terrified, too, of the Editor of this service, whom they loathe, and likewise with ‘good’ reason. In the European arena, the arrested financial sector fraudsters have been convicted under ‘robust’ EU anti-terrorism legislation, which specifies that money laundering and financial fraud constitutes ‘financing terrorism’ [see below].

In an interesting confirmation that the British Anti-Terrorism Act is being extensively deployed to combat this financial corruption, the Act was used to freeze all accounts with Icelandic banks, and to order financial institutions to cease processing transactions connected with Iceland. The UK Government appropriated assets with Kaupthing two weeks ago. Geir Haarde, the Prime Minister of Iceland, said on 24th October 2008: ‘We still do not know what prompted the British Government’s shameful decision to put Iceland on a ‘terror list’ and apply terrorist law to freeze Icelandic assets in Britain’. His Government is considering suing Britain over the appropriation. However it will get nowhere, since as previously reported here, the anti-terrorism legislation is the primary weapon that has been and continues to be wielded against financial fraudsters and money launderers.

The Editor tried to attract the attention of another convenor at a press conference on Saturday 11th October given by Mr Dominique Strauss-Kahn, which was supposed to have started at 3.30pm. The Managing Director of the IMF appeared at 5.00pm, reminding many of us of an occasion at one of these meetings during the chaotic Clinton era, when President Clinton kept the entire international financial community waiting for an hour and a half, and when he finally made it, uttered no apology whatsoever. Half the auditorium had emptied by the time he arrived.

Had the Managing Director of the IMF had time, the Editor had intended to ask him a question in the broad context of the Fund’s enthusiastic ‘endorsement of exceptional measures’ in the face of this unprecedented financial crisis (unstated: brought about exclusively by the serial criminality of the President of the United States, his father, and their criminalist cronies holding high office).

The question would have been as follows: ‘Does the proposed constellation of measures reiterated by the international financial community include the G-7-Approved Refunding Program, involving fully taxable, 100% transparent limited private sector Capital Markets trading operations on the books, yielding substantial ongoing windfall tax accruals to the US Treasury?’

IMF MANAGING DIRECTOR’ STOCK FALLING: HE’S ‘DONE A WOLFOWITZ’
Unfortunately, Dominique Strauss-Kahn’s authority is in the process of being eroded, as he faces his ‘Wolfowitz moment’. Specifically, the IMF has begun an investigation into whether he abused his position in connection with a relationship with a subordinate.

In August, the Fund hired the US law firm of Morgan, Lewis and Brokius LLP to look into the IMF Managing Director’s relationship with Hungarian-born Piroska Nagy, a former senior official in the IMF’s Africa Department. Ms. Nagy left the Fund in August under a buyout of nearly 600 employees instituted by M. Strauss-Kahn to reduce IMF costs, and she now works for the European Bank for Reconstruction and Development. The investigation was triggered when A. Shakour Shaalan, an Egyptian who is the longest-serving member of the IMF’s Board and who represents much of the Middle East, asked for an independent investigation.

It is reported to be looking into how Ms. Nagy was chosen for the buyout, if she was paid more than she was entitled to, and if she was allowed to take the buyout outside normal IMF channels. Simon Johnson, a former IMF Chief Economist , has commented:

‘This is a very bad time for a leadership distraction. I think the global crisis is just beginning and I think it is going to get much worse before it gets better’.

The affair echoes the similar scandal 15 months ago when neo-con Paul Wolfowitz had to resign as President of the World Bank after investigators had found that he had arranged a 36% pay rise for his companion Shaha Riza in 2005, shortly after he assumed his post.

BANKERS PICKED UP LAST YEAR GET 25 YEARS IN EUROPE
13th October 2008: It is again reported to us that the thousands of bankers who were picked up this time last year and packed aboard a fleet of nine aircraft and then flown off to Europe, all received maximum jail sentences of 25 years for their financial crimes. These were committed in Europe, so European judicial processes were involved. They were given no time to collect their toothbrushes or to contact their family members. They had assumed that they enjoyed Bush-Greenspan Crime Nexus/CIA/NSC protection, and that there was safety in numbers, but they miscalculated.

Since the Bush-Greenspan global financial fraud operation used Britain as its Master Platform, in the case of those bankers who were exported to Britain, they were subject to English jurisdiction. All those who were arrested and exported to Europe were subject to the European anti-terrorism legislation, which embraces money laundering and all forms of financial fraud, as noted above.

A large number of bankers were exported to Germany where they also received maximum jail sentences. As noted in the preceding report, when the bankers’ lawyers flocked over to Britain and Germany to try to extract their clients from custody, many of them were likewise arrested as co-conspirators to the fraudulent financial operations, and received comparably harsh sentences.

• IMAGINE: THIS FINANCIAL CORRUPTION HAS NECESSITATED THE PHYSICAL REMOVAL FROM THE SCENE OF AN ESTIMATED 10,000 BANKERS AND OTHERS TO DATE.

GREENSPAN AND GEORGE REPORTED ARRESTED IN JUNE-JULY 2007
In the UK context, geocriminal funds were stored in accounts inter alia with the Bank of England. In July 2007, we reported exclusively that the former Governor of the Bank of England, Eddie George, was arrested, like his colleague in financial crime, Dr Alan Greenspan, criminal Godfather George H. W. Bush Sr.’s financial technician and the notorious inventor of the ‘Never-Pay Syndrome’.

• Corrupt UK financial operations were run, it will be recalled, out of a ‘backroom operation’ based in Birmingham, headed by an operative named Carl Daniels.

After Greenspan had ‘bracelets’ dangled adjacent to his person, and a number of Dr Greenspan’s associates were liquidated between 30th September and 2nd October 2008 as previously reported, Greenspan was told that ‘if you don’t cooperate, you will be next’. We were then advised (on 5th October) that Greenspan’s accounts have been frozen, all the money contained in the relevant accounts was removed, and the accounts have been closed. No wonder he was distinctly subdued when he appeared before that Congressional Committee on 23rd October.

REGIONAL FEDERAL RESERVE BANKS ‘OUT OF SYNC’ WITH THE BOARD
Separately, on 4th October, we had been advised that the independent regional Federal Reserve Banks are not at all ‘in sync’ these days with the corrupt Federal Reserve Board in respect of any further ‘funny money’ trading operations to be financed from a new platform seeded inter alia by the ‘new money’ appropriated by Congress during the theatrical Congressional ‘sausage machine’ operation in September. The regional Feds have their feet much more firmly on the ground.

It is also believed that Dr Bernanke, whose body movements in public these days betray his justified nervousness, has informed agents for the ‘Box Gang’ criminalists that he and other colleagues ‘are not going to die or go to prison for you, and you are on your own’ (paraphrase).

Actually, under the Misprision of Felony Statute, Bernanke, like all these people, is a co-conspirator and an accessory to the fact of massive open-ended crimes and misdemeanours, not least if he has not reported the financial crimes that he knows all about, to a military officer, Judge, or some other person in authority under the United States (which of course he cannot do without incriminating himself in the process). Same applies, by the way, to ALL Americans who know about these crimes.

The Editor regards this ‘revolt’ inside the Federal Reserve System as a significant development. This internal pressure has evolved exclusively as a consequence of the exposures, which have triggered judicial processes in pertinent countries that have been grinding away slowly but surely behind the scenes, the impact of which will be cumulatively dramatic. These processes cannot be hurried, and neither can any aspect of them be discussed: they take their time, but eventually they deliver decisive results, many of which can now be detected behind the scenes.

THE QUEEN VISITED PARIS ON 12TH OCTOBER
Her Majesty The Queen, as Head of State, visited Paris on Sunday 12th October for the Heads of State Meeting. She attended in order to be able to give her personal imprimatur to agreements.

In the case of The Queen, ‘Mohammed’ goes to the mountain, rather than the mountain visiting Mohammed (to coin a phrase). Therefore, Her Majesty’s presence would have been remote from the location of the Meeting. As for the earlier report that The Queen travelled to Andrews Air Force Base, that was false. An emissary flew to Andrews Air Force Base.

‘Tarmac meetings’ of Heads of State are sometimes equivalent to meetings in the mid-Atlantic, in international waters, so that in theory The Queen could have made that journey, even though the Monarch does not leave the United Kingdom without the prior agreement of Her Ministers. The last time a King left the country without informing the Government, he was replaced.

TELEVISED HUMILIATION OF THE C.E.O.s OF THE LARGEST U.S. INSTITUTIONS
14th October: The CEOs of the big US financial criminal enterprises were televised marching up the steps of the US Treasury Department building in a staged display to show the public that they were accepting the assistance of the Treasury, driven by developments in Europe.

• However one does not ordinarily enter the Treasury building by walking up the steep steps. The normal entrance is by means of an elevator.

This was therefore a clearly staged operation for public consumption, ostensibly designed to show ‘solidarity’ among the criminalist financial elite. But the unfortunate impression now created was of seriously deflated and compromised, formerly arrogant bankers’ backs to the camera as they walked up the steps into the clutches of their corrupt masters, the US Government.

The US Treasury was forced to switch its priorities to pumping money into these criminal financial enterprises, by actions taken following acceptance by the Europeans of the so-called ‘Brown Plan’, which amounts to no more than plain backdoor socialist semi-nationalisation of the banking sector.

The single redeeming feature in the US case is that the new debt securities involved are only guaranteed for three years: i.e., there is a sunset clause, which does not apply in the European context. The US Treasury had to switch its approach in order to avoid a rush of deposits from the criminal financial enterprises into accounts with foreign banks.

Meanwhile Americans have cottoned on that the regional banks have not generally been involved in this fraudulent finance, so that a rush of money from the metropolitan institutions into regional banks has been taking place. Even so, official assistance is now being extended to regional banks, implying that the situation is vastly worse than ‘assumed’ earlier.

BUSH ASSOCIATES AND CORRUPT TREASURY OFFICIALS ‘REMOVED’
At 7.55pm on 14th October, the Editor is advised that further interference by Bush 41 and Bush 43 with the payouts occurred. In this context, it is reported to us that many of Bush Sr.’s associates have been arrested or otherwise ‘neutralised’, with no further details available.

It is separately reported to us that a number of compromised operatives at the Treasury who have been instrumental in following the instructions of the geocriminal operative ‘Paulson’ to block the Settlement payouts, have been ‘taken away’ in the past 24 hours (as reported). The actual number of these people who were removed from the Treasury is said to have been ‘considerable’.

SENIOR TRUSTEE ‘PAID’ BUT SAID TO BE UNABLE TO ACCESS FUNDS
17th October: A very senior Settlements Trustee whom we will refer to as ‘X’, who was tasked with taking care of financial payment matters involving inter alia foreign recipients separately from the Settlements, is reported to us at 11.15am to have been paid.

However he cannot access his funds, which are being blocked ‘by political forces’. At 1.15pm the Editor is informed that this information is accurate and that X’s access to his funds is being blocked by Bush 41 and Bush 43. (This information is again reconfirmed to the Editor at 3.20pm on Monday 20th October). The Bush criminals were advised that if the Settlement funds are not unblocked by this evening, severe measures will be taken against both of them.

The countries that have been ransacked by these criminals, we are told, do have the power to have these geocriminals arrested for serial theft and for innumerable other crimes.

• The Editor is later informed that the foregoing is accurate and that Bush 41 and 43 were both threatened with being arrested.

It is publicly revealed that President Nicolas Sarkozy, of France, who is also the President of the European Union Collective until the end of December (although power has gone to his head and he apparently wants to stay en poste for ever), is now to visit President George Bush at Camp David at the weekend. Also attending will be José Manuel Barroso, President of the European Commission [see our DVD exposure report of 20th September].

• What is NOT reported at this stage is that Gordon Brown, the British Prime Minister, will also be attending. Intelligence officer Brown would certainly be appearing as the representative of The Queen, as well as of the British Government. And he will supposedly have one objective in mind.

BROWN STORMS OUT FROM PRESIDENT GEORGE W. BUSH’S PRESENCE
18th October: It transpires that so far as Sarkozy and Brown are concerned, the purpose of their sudden visits to Camp David is OSTENSIBLY to procure President Bush’s signature on a document authorising the wholesale Settlements releases.

Brown and Sarkozy therefore duly presented Bush Jr. with the necessary paperwork and asked him to sign it, whereupon Bush 43 REFUSED to sign. He was then told, for the first time, that 26 of the Bush Crime Family’s cronies IN EUROPE would be arrested if he continued to block the payments.

Brown (paraphrase): ‘OK, I’m not going to stick around here while you play silly games with me. I’m leaving. You will wind up losing all your powers’.

Whereupon Mr Brown left Camp David immediately. It is believed that he then contacted London, possibly Buckingham Palace, and that as a consequence ‘London’ got on the phone to Camp David and that very sharp words were exchanged. Of course, even if Bush had signed then and there, he would have immediately attempted to renege on his undertaking, given that this man is much more Leninist than Lenin ever was (3). Bush 43 reneges on his formal undertakings within split seconds of signing documents, whereas evil genius Lenin was somewhat more circumspect in this regard.

EUROPEAN UNION ‘MEMBER STATES’ TO SARKOZY: ‘SORT IT’, OR WE WILL DEPOSE YOU
Separately, the European Union Collective’s ‘Member States’ are reported to us to have expressed severe frustration with M. Sarkozy, whom they presumably know, from his past behaviour (and also given that his half-brother, Olivier (Oliver) is a Director of the Bush slush-fund, the Carlyle Group), is not to be trusted. They are watching this unruly and impetuous underworld figure like a hawk.

Specifically, they are reported to have told Sarkozy that they require him, as the President of the European Union, to ‘fix’ the problem of the blocked Settlements. Otherwise they will collectively compel him to resign his post forthwith, they say.

This would be wholly unprecedented and would jeopardise the entire frail and now prospectively disintegrating construct of the European Union Collective, while also placing Sarkozy’s position as President of France under severe immediate strain because of the humiliation that sacking him as European Union President would entail.

• To repeat, the rest of the European Union (with the exception of the corrupt Frau Merkel: see below) have told the President of France and of the EU: ‘You fix this, or we will remove you from the Presidency’. Sarkozy’s whole political existence, and probably his life, are on the line. Evidently Sarkozy was given 20 days to procure the absolute completion of the Settlements. It is not known when the 20 day period started, but that this timeframe exists is certain.

Thus the situation in the early afternoon of Saturday 18th October APPEARED TO BE worse than it had ever been, and seemed now to be completely out of control. It is very likely that Brown, having stated that he wasn’t going to stick around, was probably told to ‘get out’.

BUSH 43 SIGNS AFTER SARKOZY SAYS HE’LL ARREST 26 BUSH ACCOMPLICES
But at 11.15pm the Editor started to receive telephone calls confirming that George Bush 43 had been obliged, finally, to sign the documentation in question, authorising M. Sarkozy to procure the Settlement payouts. President Sarkozy, motivated both by the very serious threat from his fellow EU Governments that he had 20 days to ‘fix it’ or else he will be removed from being President of the European Union Collective, and also by sober consideration of ‘life after Bush’, has clearly decided to forfeit his close and extremely unhealthy relationships with the ever more blackened, disgraced and unsavoury Bush geocriminal network.

• For now, at any rate: until he changes his double mind.

• Of course this departure on the part of Sarkozy simply illustrates the ‘rats in the sack syndrome’ at work: sooner or later each rat will bite each of its rivals.

It further transpired that the primary pressure applied to Bush Jr. was Sarkozy’s threat that if Bush blocked the Settlements again, he (Sarkozy) would indeed use his vast powers as President of the European Union to arrest 26 of Bush’s associates – IN EUROPE.

Furthermore, Sarkozy told Geroge Bush that ANYBODY standing in the way of the payouts, would be arrested immediately. This warning, especially concerning the 26 George Bush Sr. associates in Europe, clearly alarmed Mr Bush 43, because although he believes himself to be omnipotent, he is unable to interfere with foreign law enforcement operations.

19th October: The Editor is again informed that President G. W. Bush finally signed the necessary documentation, and that the primary source of the pressure was that M. Sarkozy would order the arrest of 26 NAMED Bush Crime Family’s closest associates in Europe if he did not sign, or if he or his father or any of their associates with the Settlements interfered again.

The Wall Street Journal confirmed that Gordon Brown had been at the Camp David meeting. It is worth pointing out that Brown intensely dislikes being in the same room as EU President Barroso, who was also present at the Camp David meeting, given the Madeleine McCann scenario (see our DVD exposure report). Brown has the mobile phone number of the McCann family, whose little five-year-old daughter was kidnapped in Portugal in May 2007. Her photograph was made available to the paedophile ring operating inside the European Commission, and the little child was chosen by the President of the European Commission himself, as we reported.

MORE THAN 200 KEY PEOPLE ARRESTED IN SEVEN COUNTRIES
It evidently came as a shock to Bush 43 that Sarkozy, whom he had assumed to be still in the Bush Crime Family’s pocket, had now adopted such a ‘contrary’ stance, and was threatening to order the arrest of 26 of Bush 41’s high-level European associates.

Moreover Bush Jr. was said to have been ‘shocked’ when Sarkozy added that he would order the arrest of ANYONE standing in the way of the Settlements – which he proceeded immediately to do – although it is also believed that multiple arrests had actually been ordered PRIOR TO M. Sarkozy’s meeting with Bush 43 at Camp David, the point here being that Sarkozy wanted Bush to know that he meant business (in order to save his own skin, and Presidencies).

Specifically, between 18th and 19th October inclusive:

• Well over 200 senior bankers and others were arrested in European locations, and in the United States. A key US ‘Trustee’ who has been in touch with the Editor for two years, evidently feeding us diversionary information, and probably reporting back to Bush Sr. all the time, was reported to us on 20th October, to have been picked up during this sweep (on the 18th October). It is also now believed (see below) that ‘X’ in Belgium, the even more senior Trustee, may have been removed from the scene, although this is not confirmed.

• The arrests in question occurred in SEVEN countries.

• Many of those arrested were associates and cronies of the arch-criminalist Dr Alan Greenspan.

SARKOZY ORDERS CHANCELLOR MERKEL TO STOP BLOCKING THE SETTLEMENTS
No sooner had he left the presence of the American President at Camp David, equipped with the President’s signature on the necessary documentation, than Sarkozy got in touch, we understand, with Chancellor Merkel, Bush Sr.’s bribed crony in Berlin: whereupon he told Frau Merkel that, as President of the European Union, he was ordering her to cease and desist all her obstructions to the Settlements payouts, and that if she didn’t fancy complying with this instruction, he possessed the necessary powers to have her arrested.

‘Chancellor Merkel (paraphrase): ‘You’re full of ……’.

President Sarkozy (paraphrase): ‘No I’m not, I mean exactly what I say. You have to cease and desist or you’ll soon find out who’s really in charge. I don’t care who you are. If you continue frustrating the Settlements’ – which were by now scheduled to restart on the evening of Sunday 19th October – ‘I’ll have you arrested and you’ll go to jail’.

MASSIVE SPLIT BETWEEN THE TREATY OF THE ELYSEE PARTNERS
Now, Germany and France are bound together, as mentioned above, by the Treaty of the Elysée of 23rd January 1963, which contains a key clause requiring that the parties shall achieve a ‘common position’ in respect of all international issues. This treaty, which is of unlimited duration and has no exit clause, is the central layer of glue that binds the fragile pan-German European Union together. It was orchestrated by Dr Konrad Adenauer, the Hitler-era Mayor of Cologne, and the close friend of Hitler’s favourite bankers, Drs. Abs and Pferdmenges, and President Charles de Gaulle.

Since the European Union is the realisation of the Pan-European project that originated under Frederick the Great and was updated in 1941 at a conference attended by highest-level Nazi/Pan-German ‘hoch’ intellectuals which resulted in the publication in 1942 of the strategic compendium called ‘Europäische Wirtschaftsgemeinschaft’ (‘the European Economic Community‘), the chapter headings of which coincide almost precisely with those of the EU’s 1992 Maastricht Treaty (4), the European Union Collective is considered by the brainwashed German geopolitical élite to be its own global hegemony property and project. Which is precisely correct.

Therefore, for a jumped-up Jewish-Hungarian French President from an immigrant family to purport to inform the Chancellor of Germany that the powers that he possesses as the President of the EU which Germany considers to be its own plaything, are superior to hers and are sufficient to have her arrested, must have been enough to send the duplicitous Frau Merkel’s blood pressure off the chart. Even so, M. Sarkozy’s threats had no immediately discernible effect on Chancellor Merkel’s attitude, and arrests have therefore continued inside Germany, we understand.

OTHER TELLTALE INDICATIONS OF EUROPEAN UNION FRAGMENTATION
Interjecting here, we can further substantiate the rapid deteroriation not only of US-EU relations (while Bush 43 remains in office) but also of inter-EU relations, especially with respect to Britain.

First, almost immediately after we exposed EC President Barroso as having selected the kidnapped five-year-old girl Madeleine McCann to satisfy his depraved desires, the highly dangerous Peter Mandelson, a fickle character who was fired twice from Blair’s Cabinet, was suddenly yanked back from his position as European Trade Commissioner in Brussels, given a peerage and plonked into Brown’s Cabinet. We could speculate as to why Mandelson had to be pulled out of Brussels at this juncture: suffice it to say that Brown has the mobile phone number of the McCanns [see above].

A second element of this episode concerns who Brown selected to replace Mandelson, known in Britain as ‘the Prince of Darkness’. As the Editor was informed before he left for the United States earlier this month, Brown replaced Mandelson with a person called Lady Ashton, of whom no one had previously heard. She is a little mouse of a lady, no doubt very well intentioned and all that…

Our ‘connected’ informant pointed out jubilantly that this appointment was a deliberate snub to the European Commission, indicating that Britain’s relations with this pan-German construct are at rock bottom. The European Union remains deeply unpopular except among the Great Brainwashed.

And so indeed it has turned out. On 19th October, it was confirmed that the appointment of the dear little mouse, Lady Ashton, has indeed been taken as a calculated insult by the Euro-ideologues in Brussels, who are said to be ‘enraged’. A mole inside the European structures, referenced in the British press, asked: ‘Who is she? Feelings are running very high. It is an insult’. So, at least these Dumkopfs understand the art of the diplomatic put-down.

Moreover Lady Ashton added insult to injury when she pointedly snubbed an invitation from the House of Commons’ Trade Committee for an informal chat ahead of her confirmation vote during the week beginning 20th October. She didn’t fancy attending.

FURTHER MANDELSON FALLOUT, AND THE ROTHSCHILD-OSBORNE RIFT
No sooner had these twists been added to the cauldron of escalating confusion than the British MEP (Member of the European Parliament) Syed Kamall [sic] publicly urged Peter (who is now Lord) Mandelson to return to Brussels and disclose his relationship with the Russian GRU oligarch and close Putin associate, Oleg Deripaska, who is on the Interpol watch list, to clarify any conflict of interest arising from this connection while he was the European Commissioner for Trade.

Then, in an extraordinary display of much younger rats biting each other, Mr George (originally Gideon) Osborne, the Shadow (Conservative Party) Chancellor, was forced hotly to deny that he had solicited a political donation from Mr Deripaska while sojourning on his yacht.

Enter George Osborne’s former Oxford University friend, Nathaniel Rothschild, the son of Jacob, whom The Times of London stated on 23rd October 2008 ‘has become intimately involved in Mr Deripaska’s business empire’, which has lost billions of dollars in the stockmarket turmoil.

Likewise, Nathaniel Rothschild’s New York-based Atticus hedge fund has experienced substantial losses: The Wall Street Journal has reported that in the first eight months of 2008, the two principle Atticus funds each lost 25%-30% of their value.

Nathaniel Rothschild broke with his family’s tradition of discretion by writing a letter to The Times, London, published on Tuesday 21st October 2008, exposing George Osborne’s dealings with Oleg Deripaska, a letter which Nathaniel Rothschild justified on the ground that Osborne breached his trust and abused his hospitality, as Osborne had met Deripaska through Rothschild.

Rothschild’s exocet may have destroyed Mr Osborne’s career (he is supposedly David Cameron’s intelligence community handler). Its first consequence was to subject him to half an hour of jeers from the Labour benches. Whether this is an intelligence operation is not yet clear.

Since his sudden return to the Cabinet this month, Mandelson has been dogged by questions over his links to Deripaska and Rothschild. Deripaska, who was worth £16.2 billion before the crash of 2008, needs $2.0 billion by the end of October, in order to be able to retain control of his 25% stake in Norilsk Nickel, the world’s largest nickel producer.

He has to repay part of a $4.5 billion loan borrowed from a group of Western banks that financed his purchase of the shares, even though the banks, if they had done their due diligence, should have known that Norilsk Nickel was stolen from the Soviet Party-State. This loan was secured against Norilsk Nickel’s share price, which has collapsed by 75% since last May, thereby placing Comrade Deripaska’s U C Rusal company in breach of a collateral agreement with the banks.

Nathaniel Rothschild is described as principal adviser to Mr Deripaska and his investment vehicle, Basic Element, which owns the majority stake in U C Rusal, the world’s largest aluminium producer. Nathaniel Rothschild is also chairman of N Plus, an energy corporation owned by Deripaska, aged 40, who was married in 2001 to Polina Yumashev, whose father Valentin was the Chief of Staff to the late President Boris Yeltsin (Baruch Ellia).

Valentin Yumashev later married Baruch Ellia’s younger daughter, Tatyana, thought to have been instrumental in elevating the GRU officer Vladimir Vladimirovich Putin to the Kremlin. Baruch Ellia (Boris Yeltsin)’s wife was the daughter of Comrade Josef Stalin (Djiugashvilia-Kochba) and Rosa Kaganovich, daughter of the well-known Bolshevik.

Mrs Deripaska is a close friend of the girlfriend of Roman Abramovich, the Russian Oligarch, Daria Zhukova, from the equally well-known Bolshevik Zhukov family. Deripaska is Vice-President of the Russian Union of Industrialists and Entrepreneurs (the KGB-GRU mechanism for controlling the oligarchs), which pays frequent visits to the Kremlin.

Deripaska’s Basic Element has investments in over 100 businesses, including LDV Holdings, a light van manufacturer in Birmingham that was the focus of the alleged discussions about channelling an illegal donation to the Conservative Party from Mr Deripaska, who retains close links to Putin.

The Times of London reported on 23rd October that Mandelson has frequently accepted hospitality from Nathaniel Rothschild, including a stay at his chalet at Klosters, in the Swiss Alps. The extent of the relationship between these two figures has emerged as the business links between the young Rothschild and Oleg Deripaska have become clear. In August 2008, Mr Mandleson was the guest of Nathaniel Rothschild in Corfu, during which visit he was ‘billeted’ on Mr Deripaska’s yacht as there were so many guests staying at the Rothschild family villa.

Mandelson’s acceptance of hospitality from Nathaniel Rothschild has raised questions about a possible conflict of interest with respect to his rôle in Brussels, where he made decisions on tariffs that affected Deripaska’s aluminium operations. As mentioned, Nathaniel Rothschild is described as principal adviser to Mr Deripaska and his investment vehicle, Basic Element.

The Code of Conduct for European Commissioners is extremely loosely written – on purpose. It includes the following language:

‘The general interest requires that in their official and private lives Commissioners should behave in a manner that is in keeping with the dignity of their office. Ruling out all risks of any conflict of interest helps to guarantee their independence’.

Of course, since the European Commission is itself irretrievably corrupt, this language DOES NOT FORBID European Commissioners to act in accordance with conflicts of interest. But in London, the conflict(s) of interest are evident: and the Shadow Business Secretary, Alan Duncan, has therefore called for ‘a full declaration of his interests and associations while in Brussels’.

Peter Mandelson is an extremely dangerous commodity, so Gordon Brown must have had some overriding reason for suddenly yanking this discredited creature back from Brussels, kicking him into the Lords, and plonking him inside his Cabinet.

• The overriding reason will doubtless emerge as oligarchs implode, unspeakable activities are exposed, and financial empires built on stolen assets and risky credit collapse.

EUROPEANS THOUGHT THEY COULD ‘BOUNCE’ BRITAIN INTO THE EURO
Meanwhile the Europeans seem to be so out of touch with reality in Britain that they appear to have been trying leverage the international financial crisis to ‘bounce’ the United Kingdom into dropping the pound sterling in favour of adopting the much disliked European Collective Currency, the Euro, using the economic and financial crisis as their pretext.

Indeed, bad blood is spilling out all over the place. For instance, the Chairman of the Eurozone Group of Finance Ministers commented, in the same put-down, arrogant tone as the Banque de France representative had used against the Editor in Washington a few days earlier, that Gordon Brown had to ‘beg to be let into the room’ where crisis talks were taking place last week.

The comparably arrogant Finance Minister of Luxembourg, Jean-Claude Juncker, said that the EU Finance chiefs had ‘warned’ the British Prime Minister that he could be excluded from future talks on the European economy for just as long as the United Kingdom remained outside the European Collective Currency. Brown retorted, in a formal statement from Downing Street, that ‘we continue to review it, but we have no plans to join the Euro’.

BROWN SHOULD FREEZE PAYMENTS TO THE EUROPEAN COMMISSION
However what Gordon Brown SHOULD do (redeeming himself in the process) in response to such high-handed behaviour from Brussels and the EU Finance Ministers, is to say to them:

‘Right. Since you believe you can order us around, we will show you what we are made of’.

‘I will immediately order all payments to Brussels derived from Value Added Tax to be paid into a suspense account in London, and to be held there until such time as the European Commission puts its own corrupt finances in order, eliminates financial fraud and cronyism from its operations, and has its accounts signed off by the Court of Auditors’.

FACT: For the past 14 years, the EU’s Court of Auditors, which is required to ‘audit’ the European Commission’s accounts, has REFUSED to sign the EC accounts, which have been repeatedly shown to be falsified and riddled with fraud, corruption and creative accounting.

It is an ongoing FILTHY SCANDAL that Britain continues to overlook all this corruption in Brussels. Brown should have the courage of any convictions he may retain, and should make a big play with such an initiative. Paying money into this corrupt sink-hole is a DISGUSTING AFFRONT.

Brown should appear on television to announce that he has ordered all tax collections payable to the European Commission’s accounts to be withheld and paid into a suspense account, and should explain to the British public in forthright terms why he is doing this.

SALVATION FOR GORDON BROWN AND THE LABOUR GOVERNMENT
Such an initiative would build upon Gordon Brown’s sudden ‘enlargement’ as ‘the experienced hand’, the ‘man of the hour’ who came up with ‘the Brown Plan’ which was at once adopted by the Europeans and which forced the US Treasury to change its stance and to proceed bail out the big US institutions directly. He should exploit his new-found pre-eminence by stopping all payments to the corrupt European Commission until such time as they clean up their act (which they’ll never do).

Such a move would be hugely popular with the British voting public and, coupled with the much harder line on unfettered immigration that is suddenly being advanced by Brown’s newly appointed Immigration Minister, would rescue the Government and the Labour Party from defeat at the next General Election, ensuring Brown a much longer tenure in Number 10 Downing Street than what he calls ‘the commentariat’ have considered likely.

Only a few weeks ago, Gordon Brown was being almost written off, and was even thought likely to resign early. It was being taken for granted by some that he would be succeeded as Prime Minister by the brainwashed David Cameron, who would in fact be even more fatuously ‘politically correct’ in office than the Labour Government has been.

Stopping payments to Brussels, and making a big political song and dance about it, would be the Brown Government’s salvation. After all, the gloves are off now, and European diplomatic niceties are a luxury of the past. Hypocrisy over Britain’s entanglement in Europe is distinctly passé.

•Memo to the British Prime Minister: You don’t mean to say that you are told what to do by the head of MI6 and GO-2, John Scarlett, do you? He’s too close to Germany. Sack him.

SARKOZY MADE IT CRYSTAL CLEAR THAT HE MEANT BUSINESS
Simultaneously with all the foregoing, President Sarkozy made it clear to all concerned not only that he would have anyone standing in the way of the Settlements arrested (or worse), but further that ‘I don’t care who they are’ – by which he clearly meant that some of the top European cronies of Bush 41 and Greenspan, such as Ackermann, CEO of Deutsche Bank, were in his sights; and that he does indeed possess powers under the EU terrorism legislation to have such people taken down.

• And indeed, those reported to have been placed under arrest from 18th October onwards were all said to be senior people, not small fry at all.

One might add that it also looks as though Sarkozy has at some very recent stage been insulted or double-crossed by the Bush Crime Family, accounting for the remarkable vigour of his response to fulfilling his obligation to procure the Settlements. Additionally, French intelligence will have been pressing him hard to use his powers to ‘make it happen’. But most of all:

• Sarkozy is fighting for his political (and possibly physical) survival as he was given 20 days to procure the wholesale Settlements or to be kicked out. Don’t forget that an assassination attempt on Sarkozy was perpetrated when he visited Israel.

• M. Sarkozy sees this situation as an opportunity to display the power of the Presidency of the European Union. This dark underworld figure has been placed where he is for a reason. And he has no problem deploying underworld procedures to remove all who are STILL standing in the way of the Settlements, we understand from informed sources.

In this connection, the recent ‘accidental death’ in a car crash of the right-wing Austrian political figure Jorg Haider sent a message to all Bush-DVD bankers and operatives in Europe, that they had better stand aside, or else. Even so, the message was not received and so more and more of these people have been ‘removed’ from the scene, whether by arrest under the EU’s harsh anti-terrorism legislation, or ‘by other means’.

DEFIANT CHANCELLOR MERKEL CONTINUES BLOCKING THE SETTLEMENTS
20th October: So, how did Merkel respond to Sarkozy’s threats? She made sure that the attempted payouts, which were to start on Sunday evening, 19th October 2008, with Europe and the Pacific Rim starting to release simultaneously, were frustrated. At 11.50 am on this Monday, the Editor was accordingly informed that a large number of Chancellor Angela Merkel’s geocriminalist associates in Germany had already been arrested.

• At 3.15pm, the Editor of this service was advised that ‘arrests are proceeding all over Europe and in other parts of the world, including the United States’.

BELGIAN TRUSTEE’S HUGE ACCOUNT ‘SEIZED DIRECTLY BY SARKOZY’
The Editor was also separately informed that ‘Xs’ bank account or accounts in Belgium, containing massive funds, was or were hacked into over that weekend (18th-19th October) and that his funds were stolen. The Editor put out some feelers to see whether this could possibly be true. Since the only person who could know that, would be ‘X’ himself, he would be unlikely to be the source of this ‘information’. Later in the day, the Editor was advised that the funds were still intact. At 9.20pm, after further enquiries, the Editor was finally advised as follows:

• The account in the name of the very senior long-term Trustee based in Belgium named ‘X’ was indeed hacked into over the weekend of 18th-19th October.

• The coordinates of the account were altered so that the account was placed under the direct control of President Nicolas Sarkozy.

• On the face of it, one’s knee-jerk reaction to this revelation would be that President Sarkozy, while appearing to press vigorously on all fronts to close the Settlements, was simultaneously helping himself to the funds (given his two-faced, double-minded Illuminati underworld nature as ‘one of the boys’). However such an understandable knee-jerk reaction would be unjustified on this occasion not only because if he had behaved this way, he would most probably suffer the ultimate penalty without further ado, but also because:

• What appears to have occurred is that, in the course of the ‘sweep’ of all who were believed or known to have been blocking the Settlements in alliance with the Bush Crime Family, not only was the ‘Trustee’ who had been in touch with the Editor for two years picked up on Saturday after it had been determined that he may have been ‘redirecting’ our focus all that time in cahoots with Bush Sr. by constantly stating that the Settlements were imminent when he may have known that the reverse was the case or may have been blocking them himself; but his ‘superior’, ‘X’, appears to have been picked up after it had likewise been determined that he may have been blocking the payments as an accomplice of the Bush financial crime nexus, as well.

• Both these characters were reportedly all along ‘working for’ George Bush Sr.

• With ‘X’ and the lesser Trustee out of the way, President Sarkozy, equipped with the authority he needed, ordered his intelligence services to hack into the account and to place the funds directly under his personal control, thereby severing the leverage and the connection or control hitherto asserted by Bush Sr. and Greenspan, and enabling Sarkozy to dispose of the funds in accordance with the authority vested in him by President George W. Bush at Camp David on 18th October.

• Given the Camp David time sequence referenced above, it seems more than likely that the ‘X’ account was hacked into just as soon as Mr Sarkozy, equipped with the authority from Bush 43 to procure the Settlements as described above, had obtained Bush’s signature under the duress threat that the 26 closest criminalist associates of Bush Sr. and Greenspan in Europe would be arrested forthwith if Bush Jr. resisted any longer.

• The ‘X’ account is not part of the main Settlements monies. However these developments are all closely interlinked and they are of supreme significance in terms of achieving the final resolution.

WORLD COURT BACKS SARKOZY WITH ADDITIONAL AUTHORITY
Additionally, the World Court was reported on Monday 20th October to have provided Sarkozy with documents backing up his authority to procure the Settlements payouts that he had obtained from President George W. Bush at Camp David. And once again, against this background and of reports of extensive arrests of Bush-Greenspan criminalists in Europe and around the world, the payout process was supposed to start up again on the same evening, which did not happen.

The US Supreme Court dominated by the Bush stooge John Roberts signed documents releasing OMEGA ‘packages’ for Canada, which was necessary prior to the ‘lever being pulled’. However it later turned out that ONE package, addressed to the chief Trustee for the CIA’s OMEGA Ponzi scam recipients, was sent and reportedly delivered to Toronto.

• On recent earlier occasions when such reports have been verified, it has transpired that the so-called ‘packages’ have tended to contain Affidavits, implying no intention of payment whatsoever.

PACE OF ARRESTS ACCELERATES, DECEPTION OF THE EDITOR ‘PULLED’
21st October: Following the above, the wholesale Settlements releases were supposed to have started at 1.00pm New York time on Tuesday 22nd October. When this did not happen, arrests were reported to us (at 4.55pm) to have taken place in Germany and Switzerland. Our informants stated that ‘people standing in the way are being eliminated without mercy’.

In this connection, we were advised that the anonymous ‘Trustee’ who had been in touch with the Editor for the past two years, had been ‘removed’ on Saturday 18th October. When we attempted to contact him a few days later, someone else responded, employing language quite different from that used by the ‘Trustee’, and from the West Coast as opposed to Texas, where the ‘Trustee’ had previously stated that he lived. Furthermore, the person (operative) who had to respond, dropped his familiar ‘God Bless’ and references to Scripture with which the anonymous ‘Trustee’s’ emails to the Editor over a long period had been peppered.

This operation had been diagnosed some time ago as a George Bush Sr.-linked redirection and deception operation designed to ‘sit inside’ the Editor’s environment, so to speak, in order to suck information from the Editor while purporting to provide us with ‘Settlement progress’ information, which always turned out to be completely inaccurate. The person got annoyed when, from time to time, we hinted that we knew what was going on.

In other words, this was a typical Bush-linked deception operation, based upon the familiar Bush-Greenspan ‘Never-Pay’ model. When the Editor pressed the matter on 24th October by sending the ‘Trustee’ a chaser email, the operative briefed to continue the old charade attempted to close the deception down with the following response, in part: ‘I haven’t communicated because I haven’t had anything to communicate… I am sorry, but I haven’t had anything to report. I am very angry and ready to go on with my life and let the lawyers etc. handle this for me. Enough is enough’.

The only problem with this crude response is that ‘enough was never enough’ for the preceding two years, when the ‘Trustee’ incessantly asked for information from the Editor of this service. Now, all of a sudden, with dramatic events, as recorded above, and Sarkozy under a deadline to settle, which will certainly occur, this person had ‘lost interest’ and had ceased to ask us for any updates at all. And the Bush disinformation apparatus expected us to believe this nonsense!

The reason he ‘lost interest’, after two years of almost daily duplicitous correspondence with this Editor and supposedly at least ten years of agitation before that, is that he was reportedly arrested, as indicated above, on 18th October, for having blocked the Settlements on the orders of Bush Sr.

That left the ‘handlers’ with the problem of how to close down this deception operation if the Editor were to continue the correspondence. The upshot was a couple of curious emails purportedly from the ‘Trustee’ in response to prodding from the Editor, but in a completely different style, shorn of the familiar ‘God Bless’ sign-off because presumably the handler tasked with having to continue the charade doesn’t feel comfortable referencing God. These emails were both sent from the West Coast, where the anonymous ‘Trustee’ does not reside. Pretty poor tradecraft!

The real truth about this pathetic illustration of the stupidity of these compartmentalised American deception ‘specialists’ is that the long-term operation to keep someone ‘on the inside’ with respect to the Editor’s work and connections, has collapsed – blown by the Editor.

• Unsurprisingly, it conforms, therefore, to Story’s Third Law [see The Cottrell Plan report, 18th September 2008: Archive], which states: ‘Sooner or later, all covers and operations are blown’.

SARKOZY’S RUTHLESSNESS ALLEGED, AND BROWN ALLEGEDLY CAUGHT
23rd October: It is again reported to us that Sarkozy had reiterated that the Settlements are to be released ‘come what may’ (code for: ‘we will eliminate anyone impeding the Settlement payouts’). The releases were supposed to have started at 7.00am New York time, but did not. At 10.15am the Editor found out that problems had supposedly arisen on 22nd October with the Bank of England claiming that ‘it was not ready’. There is alleged to be a serious ongoing corruption problem at the Bank of England. We have been told this by impeccable informants.

Special sources further advised the Editor that Gordon Brown had been informed by a higher authority in London that he is required to remove all obstacles to the Settlements in the British jurisdictions: or else he, like Sarkozy, will be removed abruptly from office.

It is understood that far from assisting matters, Brown may have been interfering – which recalls his behaviour when he said goodbye to President George W. Bush Jr. and Laura Bush on the steps of Number Ten Downing Street in the morning of 16th June, and then flew in the afternoon to Belfast where he joined Bush to attend at one or more banks to open bank accounts.

When we hinted at this treachery on this website with our ‘Heaven forbid’ comment, the balloon went up and Bush Jr.’s duplicity towards The Queen was exposed, as we reported at the time.

It is understood that Gordon Brown, who is an intelligence operative, like former Prime Minister Blair, was subsequently ‘educated’. It appears that his ‘education’ was incomplete.

On 24th October, the excuse for non-release was that problems had arisen this time in the US banking sector. However both Sarkozy and Merkel were attending an EU-Asia meeting in Peking.

SARKOZY’S RIFT WITH CHANCELLOR MERKEL WIDENS
And indeed, The Times of London reported on 24th October that Frau Merkel was scheduled to hold ‘a frosty meeting’ with President Sarkozy on the 24th, during a summit meeting between the European Union and Asian leaders in the Chinese capital. So, ‘if it’s Friday 18th October, it must be Camp David. If it’s Friday 24th October, it must be Peking (Beijing)‘.

Flying around the world like bees in a bottle, these jet-lagged, frazzled leaders are increasingly at each other’s throats, as their corrupt world collapses beneath them and they thrash around ever more frenetically to try to ‘do something‘. For public consumption, the ‘frosty meeting’ between Sarkozy and Merkel in the Chinese capital was supposed to have concerned Sarkozy‘s intention to launch a French sovereign investment fund with a capital of 100 billion Euros which the French and EU President says that other European Union Collective countries should copy.

• Sarkozy openly proclaimed that his proposed fund is part of a programme to strengthen public sector control over private business, on the Chinese and Russian models. He’s ‘through’, he says, with capitalism, a convenient way of trying to ‘bury’ his own complicity in the criminality.

This French lurch back to heavy state control (dirigisme) hardly befits a country with budgetary debt in the background of around 1,200 billion Euros. A spokesman for the German Government claimed that the French initiative might fall foul of European law.

However the meeting on 24th October will have been frosty because President Sarkozy had earlier threatened Frau Merkel with arrest for blocking the Settlements releases in accordance with her arrangements with George Bush Sr. who, as indicated above, bribes her in exchange for which she guards the integrity of his illicit funds held with Germany’s biggest bank.

Since the German Chancellor had reacted to Sarkozy’s threat that he would have her arrested, by continuing to block the Settlements, and had been confronted with the extensive arrests of Bush-linked ‘Never-Pay Syndrome’ ‘sleepers’ at the German banks, as reported above, we suspect that the ’frosty meeting‘ will in reality have been more akin to a shouting match – which, of course, will have been taped by Chinese intelligence. They are very happy to have these conferences in the Chinese capital: it’s so convenient for eavesdropping purposes.

Sarkozy has also widened divisions inside the European Union Collective that he says the financial crisis has ‘drawn closer together’, by demanding to be allowed to continue in a presidential rôle as chairman of ‘economic Europe’ until the end of 2009 – a proposal that has gone down like a lead balloon in Berlin and other capitals, especially Prague, which takes over the six-month rotating EU Presidency slot in January 2009 and acquires the power being wielded by Sarkozy.

The Deputy Prime Minister there says that Sarkozy has no right or power to do this, that the Czech Republic is entitled to its six-month stint at the EU Presidency, and that the EU Collective’s rules cannot be changed unless all 27 ’Member States‘ of the Political Collective agree.

What Sarkozy really has in mind here is that not only is the Czech Republic lukewarm about its own EU membership, but it is not even a participant in the Eurozone, so that it will be liable (President Sarkozy assumes) to give a low priority to issues surrounding the collective currency, the Euro.

More generally, the Czechs have pointed out that Mr Sarkozy’s erratic and impulsive behaviour is driving Europe apart rather than the reverse, i.e. that the French and EU President is behaving in a wild and uncoordinated manner, and that power has gone to his head.

The immediate answer to this is that if Sarkozy does not deliver the Settlements payouts within the 20 days laid down by the other EU ’Member States‘ with the probable exception of Angela Merkel’s Germany, he will be relieved of his duties and position by the rest of the European Union.

ROW BETWEEN BRITAIN AND ICELAND INTENSIFIES
The International Monetary Fund is reportedly insisting that Iceland’s dispute with London over British savings held in Icesave, the UK offshoot of Iceland’s Landsbanki, must be resolved before it will take any decision on the scale of emergency IMF support for Reykjavik. The Fund’s governing Executive Board was meeting on 23rd October to consider a prospective rescue package, which could be supported by several Scandinavian central banks and the Bank of Japan.

On 24th October, Iceland announced that it had in fact reached a tentative agreement with the IMF for a $2.0 billion emergency loan. However it appeared that the Scandinavian central banks were now less interested in coming to Iceland’s assistance. Reykjavik has turned to Russia for help.

The Times of London stated on 25th October that ‘Iceland is poised to receive a bailout from the International Monetary Fund (IMF) without giving the UK Government assurances about how it will reimburse thousands of British savers with money in Icelandic banks’.

The Icelandic Prime Minister, Mr Geir Haarde, said: ‘Our dealings with Britain over Icesave are not included in the talks. Those will be resolved on another level and we are at present not prepared to commit to British demands apart from those to which we are legally bound’.

Talks in the Icelandic capital between the country’s Government and representatives from the British Treasury broke up on 23rd October with no agreement. The talks are believed to revolve around Britain lending Iceland some £3 billion, although the Treasury has not named a figure.

Some 300,000 British savers held accounts worth about £4.0 billion with Icesave, which suspended operations on 7th October, and stopped customers from depositing and withdrawing funds.

While spokesmen for both Governments said that talks would in fact continue, 8,000 depositors who held more than £800 million in their offshore accounts on the Isle of Man with Kaupthing Singer & Friedlander, have threatened legal proceedings against the UK Government.

The Isle of Man Government sent a delegation on 24th October to see officials from the Treasury and the UK Financial Services Authority, to demand the release of about £550 million of Isle of Man deposits held by Kaupthing Singer & Friedlander in London that were frozen on 8th October. The British authorities ordered clearing banks not to process transactions involving Icelandic-owned institutions under the Anti-Terrorism Act, prompting a wave of imminent legal proceedings.

The UK Treasury will almost certainly call for a list of the depositors involved, to winkle out any British residents holding undeclared accounts. It may also claim that it is not responsible for protecting accounts in the Isle of Man, which is a separate financial jurisdiction for tax purposes.

FEARS THAT CDO LIABILITIES WILL IMMEDIATELY DESTROY SOME BANKS
Suggestions that one or more huge bank failures were likely to occur on Tuesday 21st October were associated with the fact that outstanding Lehman Brothers’ Credit Default Swaps (CDOs) had to be settled on that date. This episode will serve to illustrate that such instruments are worthless.

These insurance-type guarantees were provided by banks and hedge funds to generate income streams for themselves. Under these arrangements, banks and hedge funds agreed to cover any default by a large investment entity such as Lehman Brothers, the underlying assumption being that the big houses would always remain ‘Too Big To Fail’ (TBTF).

• This kind of assumption ran in parallel with the careless belief that the financial corruption would and could never be exposed, a miscalculation for which the world is paying a heavy price.

Providers of the CDOs charged hefty premia to offer such ‘protection’, which they were confident would never have to be provided. Given that Lehman Brothers’ assets were deemed during the week ending 17th October to be worth just 8 cents on the dollar, the credit default liability would equate to about 92 cents on the dollar, multiplied by about $400 billion.

Theoretically, parties that had agreed to cover credit defaults by Lehman Brothers would need to pay out the cash. If these arrangements were legal, that would be a serious problem that might indeed trigger bank collapses.

But in reality, these private arrangements cannot be enforced. They all represent private, non-regulated undertakings that are in sharp violation of the US securities regulations. Since the only means of enforcement would be through the US Courts, a process that would probably take years, and the Courts would follow the securities regulations (they would have no choice), this ‘deadline’ amounted to nothing substantive. The same will apply to similar deadlines in the future.

What does count is the fact that up to $400 billion of credit has been permanently destroyed through this particular linkage alone. Credit and monetary destruction are proceeding apace.

U.S. DOMESTIC CREDIT EXPANSION FROM 1996 TO 2007 INCLUSIVE
Total US domestic credit outstanding expanded from $13.9 trillion in 1996, to $33.1 trillion in 2007, an increase of some $19.2 trillion, or more than $1.7 trillion, on average, annually.

Within this total, domestic credit outstanding created by the banking system rose from $6.0+ trillion in 1996 to $14.2 trillion in 2007, representing an increase of $8.2 trillion, or $745 billion annually.

In 1996, the difference between domestic credit created by the banking sector and total domestic credit outstanding was $7.9 trillion, which was the aggregate credit that had been created OUTSIDE the banks as of December 1996.

In 2007, this differential had expanded to $18.9 trillion, so that the volume of outstanding domestic credit generated OUTSIDE the banks equated to 133% of that created BY the banks.

Therefore, for many years now, the banks have created less credit outstanding than non-banks (as reported). Thus the banks have declined progressively in importance as sources of credit, while all talk of monetarism, an artificial means of trying to control the expansion of the money supply, has long since died a death. The reason for this is that notions about curbing monetary expansion at the banks through various techniques became redundant with the hegemony of geocriminal ‘funny money’ and fraudulent finance techniques – almost all of which, as we shall be showing in a future study, currently in preparation, are irregular, illegal and unenforceable at law in the United States.

IMPLICATIONS OF THE ’INTERNATIONAL COLLEGES OF SUPERVISORS’
In the preceding report we noted that one of the most embarrassing and painful new realities for the big geocriminal financial enterprises has been the insistence, first publicised via the Group of Seven’s formal statement at the IMF/World Bank Spring Meetings in April 2008, that ‘international supervisory colleges’ must be attached to these institutions, as a means of ensuring that they do not revert to their old corrupt financial bad habits.

As we also pointed out, the report that the Editor wrote overnight on 10th/11th October in the IMF Press Room was subsequently terminated by the NSA/NSC/CIA ‘mental defectives’ just at the point where the Editor noted that this demand for supervision stemmed from Michael C. Cottrell’s call for an ‘oversight panel’ to govern transactions under what was still then (in the first quarter of 2007) referred to here by this Editor’s term ‘The Wanta Plan’.

As will be seen in International Currency Review, Michael Cottrell made it plain that as Treasurer of Wanta’s corporation (prior to Mr Cottrell‘s welcome but irregular dismissal by Wanta), he wouldn’t be prepared to handle a single cent of the funds unless such an oversight panel were installed.

He needed this panel not least for his own protection, given Wanta’s approach to finance.

At this suggestion, Wanta flew into a rage and expostulated on the Editor’s voicemail that ‘if I need an ‘oversight panel, I shall appoint an oversight panel’ and that since it would be ‘his’ money, he would do what he liked with the funds without guidance from anyone else.

After Wanta ‘fired’ Michael Cottrell irregularly (Wanta was later informed that firing Cottrell was ‘the stupidest thing you ever did’), the Editor in turn realised (admittedly very late on the uptake) that if Wanta couldn’t be bothered to repay the Editor’s $35,000 loan which fell due on 11th June 2007 plus interest, how could he possibly be trusted with the vast sums of money that he was claiming?

This past painful episode aside, the decisive fact of the matter is that the international community’s insistent demand for oversight grew specifically out of Mr Michael C. Cottrell’s parallel demand for an ‘oversight panel’ in the above context. This is a development greatly loathed by all the criminal financial enterprises that will be subjected to this new form of discipline.

But there is much more to this significant demand, on which the international financial community is adamant. For the ‘international colleges’ to be attached to the 60-odd criminal enterprises (banks and huge bank-like institutions) will re-establish the derivatives ratios.

DERIVATIVES CONTRACTS AND GROSS MARKET VALUES OUTSTANDING
The most recently available official aggregate for the volume of derivatives ‘assets’ outstanding, is $667 trillion. According to the International Monetary Fund’s ‘Global Financial Stability Report’ for October 2008, subtitled ‘Financial Stress and Deleveraging: Macrofinancial Implications and Policy’, the notional total value of global over-the-counter derivatives contracts outstanding was $297,666 billion at the end of December 2005, ballooning to $596,004 billion just two years later (at the end of December 2007), a figure consistent with the latest official number of $667 trillion.

But the Gross Market Values of the outstanding contracts were estimated by the Fund to have risen from $9,748 trillion to $14,522 trillion over the period.

These IMF data were adjusted for double-counting. Specifically, the notional amounts outstanding have been adjusted by halving positions vis-à-vis other reporting dealers, while the gross market values were calculated as the sum of the total gross positive market value of the contracts and the absolute value of the gross negative market value of contracts with nonreporting counterparties. The elimination of double-counting explains why our earlier figure of $1,200++ trillion surfaced: it appears to have included double-counting.

The ‘international colleges’ to be attached to the big institutions are likely, we suspect, to confirm that the derivatives outstanding are all worth zero.

Which brings us, finally, to the talk about ‘rolling’ financial and economic summit meetings of world leaders ostensibly ‘to discuss the global response to the financial crisis’, according to a senior White House official, cited by The New York Times on 19th October.

The official added that the (initial?) meeting would be intended to ‘explore ideas to ‘prevent any recurrence’ of the cascading financial failures that have forced the major economic powers to take costly, coordinated actions in the past several weeks’.

WHAT ’PREVENTING ANY RECURRENCE‘ WILL MEAN IN PRACTICE
‘Preventing a recurrence’ presupposes closing down all off-balance sheet, untaxed, high-yield investment program offshore parasitical financing operations over which zero supervision, checks or balances, are exercised, or ever apply.

It also presupposes banning hedge funds, or subjecting them, contrary to the wrongheaded and permissive decision on this score taken by the G-7 meeting in northern Germany in June 2007, to severe disciplines to which they are far from accustomed.

Most clearly of all, to preclude any recurrence of this financial corruption nightmare, ‘preventing a recurrence’ implies valuing the outstanding derivatives contracts at zero.

We understand, on authoritative input, that the independent regional US Federal Reserve Banks believe that the outstanding derivatives contracts are worthless, which has obvious implications for SOME of the so-called ‘packages’, as well.

In a final swipe at maintaining his ’free market‘ ideology intact, the subdued financial crook Dr Alan Greenspan told the House Committee on 23rd October:

‘Whatever regulatory changes are made, they will pale in comparison to the change already evident in today’s markets. Those markets for an indefinite future will be far more restrained than would any currently contemplated new regulatory régime’.

By which Greenspan probably meant that with the market implosion in full swing, there will be no need for improved regulation, after all. However, as the worldwide interest in The Cottrell Plan has revealed, no-one is listening. It’s ‘curtains’ for Greenspan, the crooked pied piper of banking.

BELTWAY TALK OF A STOLEN ELECTION, CHAOS AND MARTIAL LAW
Since the Editor will be travelling quite extensively again soon, this may be our last report ahead of the US Presidential Election. At 11.50am on Monday 20th October, the Editor was informed, via an official source ‘inside the Beltway’, that quote ‘they are trying to drag the crisis into the election, to steal the election again, create a pre-revolutionary chaos scenario, and use that as a pretext for imposing Martial Law or a State of Emergency’ unquote.

The Editor responded that ‘well, that’s the only such option they may think they have left. They couldn’t attack Iran because (a) the US military wouldn’t agree to such a rash and amoral attack and (b) in any case, Iran is already a nuclear power, having at least 12 nuclear warheads, according to British sources [see our DVD exposure report dated 20th Sewptember 2008 again].

The Iranians obtained enriched uranium supplies delivered via Type-21 German submarines modelled on the World War II U-Boats, which have also been used by the Bush Crime nexus to deliver drugs and captured children for paedophilia purposes. This is known because a British undercover team has photographed little girls disembarking from one of these submarines at a location in northern Germany.

The children are apparently picked up mainly in Sao Paolo, Brazil, where they run wild, and off the coastline of Portugal, where resident depraved beachcombers act as spies for the paedophile rings running this abominable ‘industry’, and meeting the needs of the ‘protected’ perverts, for instance, operating inside the European Commission in Brussels.

Further, the substitute option of escalating the US provocation in Georgia into a war with Russia was explicitly nixed by the US military, who informed their deranged Commander-in-Chief that under no circumstances would they agree to military hostilities over Abkhazia and South Ossetia.

FINAL MADNESS WILL BE PREVENTED • CHENEY LEAVING EARLY
So presumably, stealing the election and generating pre-revolutionary unrest and chaos in the process would theoretically be the final option for these maniacs, who, by the way, will shortly be deprived of the services of Vice President Richard B. Cheney. He is expected to leave early.

It may be recalled that these US Presidential elections are manipulated by the arrogant hitherto self-financing ‘State within the State’, the Intelligence Power, which controls the Government inter alia by appointing its own operatives to key positions throughout all branches of the structures.

Tweedledum (the Republicans) will, if the defeated Republican/Nazi faction inside the Intelligence Power acts in accordance with the script, be succeeded by Tweedledee, the ‘left-wing’ ‘Democratic’ faction operating dialectically within the Intelligence Power.

Both are Tweedle: that’s the key to understanding the electoral fraud that’s going on. And it should never be forgotten amid the hype and hysteria of the election. This is the American revolutionary model of (fake) ‘democracy’. Tweedle is in the driving seat at all times.

But at the same time, we are told that the mad option of stealing the election and causing chaos would in any case be prevented, too, like all the earlier attempted extracurricular abominations that this corrupt US Administration has contemplated, with the exceptions of 9/11, its disastrous foreign wars and the failed provocation in Georgia.

Finally, since President Bush has been forced to ‘host’ an international meeting on 15th November 2008 to ‘discuss’ how to handle the global financial crisis, which can hardly take place absent the Settlement payouts beforehand, all this talk of a pre-election atrocity and Martial Law can be seen to represent just another wave of the familiar cynical diversionary Psychological Operations.

Certainly, the very recent decisive indications surrounding the Settlements suggest that the worst Government kakocracy (5) in America’s history has run out of options. It will be remembered for having squandered vast resources on pointless wars, for having murdered 2,000,000 people, for having bequeathed a chaotic fiscal legacy and financial burden for its successor to sort out, and for having squandered its time in office to perpetrate unfettered, deeply corrupt fraudulent finance and stealing scams to fund ‘Black Operations’ and for grotesque personal enrichment purposes.

Very probably, the main villains of this odious criminal Administration will find that, once out of office, certain ongoing judicial and law enforcement procedures will see to it that they receive the come-uppance that they so richly deserve – if, that is, they can even manage to survive physically. As you know, many of their associates have, of late, ‘ceased to exist’.

Mention by Colin Powell and several other big figures of ‘a crisis that the American people know nothing about occurring on 21st/22nd January’ immediately following the new American President’s Inauguration confirms (a) that the US élite are congratulating themselves for having covered up the endless corruption in high places from the general public through their control of the ‘mainstream media’ (Operation Mockingbird); and (b) that it is taken for granted that the new President will be obliged to trigger immediate action against the high-level perpetrators of these financial crimes: otherwise the new President will be personally implicated in these crimes.

• That puts paid to all the talk about each of the candidates having ‘done secret deals’ with the Bush-Clinton Crime Syndicate to continue the cover-up of these absolutely unprecedented crimes.

PRESIDENTIAL PARDONS NO USE: OFFENCES WERE COMMITTED IN EUROPE
Presidential pardons? Forgeddaboudit. The bulk of the financial crimes were committed in Britain and Europe, where the accounts were maintained precisely because to have operated such a vast system of financial fraud domestically would have been contrary to the US securities regulations.

The London ‘safety lock boxes’ yielded the concrete evidence that is being used to take these crooks down, on both sides of the Atlantic.

• The hero of our era is therefore Deputy Metropolitan Police Commissioner John Yates.

POSTSCRIPT:
It is surely ‘not by chance’, as they say in Moscow, that, at the very end of this disastrous Bush II term, the Cuban Government has suddenly announced that there may well be more than 20 billion barrels of recoverable oil located in offshore fields in Cuba’s share of the Gulf of Mexico, more than twice the previous estimate. What timing!

If confirmed, this will place Cuba’s oil reserves on a par with the ‘announced’ reserves of the United States, and would catapult Cuba into the group of the top 20 oil producers. Drilling by the Cuban state oil corporation, Cubapetroleo, or Cupet, is expected to begin in 2009. In reality, the drilling will be done by Chinese contractors.

Stand by, therefore, for the removal of the intentional US political cap on Cuba’s oil reserves, the wholesale rehabilitation of Cuba into the ‘family of nations’, the progressive reduction of the US obsession with wrenching the oilfields from others in the Middle East for its own corrupt use, and a retrenchment and refocusing by the United States on its own sorely neglected back yard.

The Cuban oil is located more than a mile deep under the ocean and will be difficult and expensive to extract; and it will be three to five years before any meaningful supplies of Cuban oil from these reserves come on-stream. Nevertheless, this development, and its timing, is symbolic of the end of a disastrous era, and can be counted as another hopeful sign for the future.

• UPDATE 11.00 PM, SUNDAY 26TH OCTOBER:

• SARKOZY REFUSES TO TAKE CALLS FROM PRESIDENT BUSH OR HIS AIDES

• At about 7.00pm New York time, the Editor was informed as follows:

• Continued intransigent blocking of the Settlements has been met by a further wave of arrests of bankers in Europe and, we believe, the United States, who are continuing to defy the requirements of the international community headed by the President of the European Union and France, Nicolas Sarkozy, Her Majesty The Queen and the Chinese parties, for the release of the $14 trillion held in LOCKDOWN MODE in accounts of the custodial group with large US institutions provided by way of loans to meet the Settlements obligations by The Queen, Prince Al-Aweed Al-Talal and the Chinese parties. Since the accounts are in LOCKDOWN, they cannot be illegally used for hypothecation and the financing of the carousel, so the stock market imploded in September as soon as the carousel’s prop was removed. That was the ACTUAL trigger for the massive rolling market upheavals.

• There is serious concern that the most egregious of these criminals, Henry M. ‘Paulson’, and corrupt officials at the US Treasury, are continuing to block release of the monies, i.e. effectively to ‘steal’ the funds, contrary to the formal will of the Group of Seven financial powers + others, the 159 countries, Her Majesty The Queen, the Saudi Prince and the Chinese authorities. The concern revolves around why ‘Paulson’ and remaining cronies in the Treasury have not been arrested yet.

• On Sunday 26th October, telephone calls from President G. W. Bush 43 and his aides made to President Sarkozy were repeatedly refused by the Elysée in Paris. This state of affairs indicates an extremely grave rift between the following powers:

• The United States and France;
• France and Germany [see above]; and:
• The United States and Great Britain:
– with the corrupt German Chancellor collaborating with the Bush Crime Family to block the Settlements, consistently with our identification of the long-range strategic deception ‘Black’ agency, Deutsche Verteidigungs Dienst (DVD), Dachau, as the mentally deficient, ‘possessed’ collective mastermind behind this unprecedented international crisis.

Payment of the hijacked $14 trillion LOAN MONEY to effect the Settlements is the SOLUTION to the financial (criminality) calamity. The refusal of the corrupt President of the United States to release these LOAN funds is now escalating to a level of extreme gravity internationally that had better be resolved soon, before several major powers take matters into their own hands.

If there remain hotheads and Dumkopfs in the White House and the US Treasury who imagine that global crisis beyond financial accommodation can be controlled to their advantage, their delusions are far more dangerous than the endless miscalculations along similar lines made by Adolf Hitler.

Notwithstanding, our DEEP sense is that matters WILL be resolved. No elaboration can be provided at this stage because we have no information whatsoever with which to elaborate.

Notes and references:

(1) ‘None of this must ever come out, you understand’: comment by Gwendoline Waymark (not her real name), a US operative ‘working for’ George H. W. Bush Sr., left on the Editor’s voicemail in May 2003, after it became known that the Editor was investigating the operations of ‘the Octopus’.

(2) In 2004, the veteran journalist and writer Gordon Thomas pressurised the Editor insistently to make contact with a Ukrainian-American Pentagon-linked operative who wished to see him. He said that the US operative had been ‘checked out by MI6’.

The Editor finally consented to meet this individual, who then requested to be contacted while examining fishing tackle in a sports store on Fifth Avenue in New York. The Editor later provided the official gratis with information that he obtained from open sources, including the website of Soviet Military Intelligence (GRU), which this person could perfectly well have researched himself.

When visiting Gordon Thomas in Bath, England, late that year, Mr Thomas suddenly confronted the Editor with the fact that ‘MI6’ had informed the British press that the Editor had been involved with Mark Thatcher in connection with the aborted putsch in Equatorial Guinea.

Since the Editor has done nothing else except write, edit and produce publications since 1969, and provide high-level political advice when asked to do so on occasion, there would have been no time for such antics. When the Editor protested that this was all totally false, Thomas replied:

‘It doesn’t matter that it’s not true. All that matters is that it’s out there’.

The full sequence of this episode is published in the imminent issue of International Currency Review [Volume 34, #1], since it throws further light on the nervousness of the criminalists.

Later, the Pentagon-linked operative surfaced in Britain, where he visited MI6; and after returning to the United States, he telephoned the Editor and started jabbering about some project with which he erroneously stated that the Editor was involved, with Bernie Ecclestone in Monaco, which is a key CIA money-laundering, fraudulent finance and ‘funny money’ manipulation center.

When the Editor stopped him and pointed out that he had better go back to his sources because the Editor didn’t know what on earth he was talking about, there was a long silence. Then the US operative stumbled: ‘Well, that’s worrying, in view of where the information came from’.

It transpired that these fake stories were all depraved intelligence community traps and stratagems designed, in Gordon Thomas’s words, ‘to make you sit up’. He then elaborated:

‘They think you may be dangerous because you have the documents and you control your own publications, and you might expose these activities. So they have disseminated these stories so that the press won‘t take you seriously when you publish anything along these lines’.

To which the answer is that the ‘mainstream media’ fully met the cynical expectations of Gordon Thomas and of the corrupted (DVD-oriented) elements inside MI6 (GO-2: General Operations – 2), headed by John Scarlett, who is a pawn of the DVD.

But this website has surely made an end-run around the complacent, controlled and bamboozled UK ‘mainstream media’, making fools of these particular intelligence community ‘mental defectives’ who bore false witness against this Editor to the British press.

• Furthermore, these British, traitorous ‘mental defectives’ need to understand the following: Independent operators with decades of experience of fending for themselves like this Editor don‘t take kindly to arrogant jackboot tactics from second-rate parasites paid for by his tax remittances whose job should be to protect the Kingdom from enemies, not to try to discredit a person whose father fought for THEIR freedom in TWO World Wars.

• You loathesome skunks, Gordon Thomas included: This should make YOU sit up.

(3) As noted in earlier reports, Lenin taught that agreements with ‘the bourgeoisie’ could be broken at any time consistent with the changing revolutionary ‘correlation of forces’. Thus Lenin differed from George W. Bush Jr., who signs agreements with the specific intention of reneging on them immediately. In this sense, Bush 43 is far more Leninist than Lenin himself.

(4) Full details of how the long-range pan-German hegemony strategy is realised through the German-French dominated European Union Collective, are published in this Editor’s 2007 book entitled ‘The New Underworld Order’, Chapter Ten: ‘The Thousand-Year Reich’.

‘Europäische Wirtschaftsgemeinschaft’ [the ‘European Economic Community’] was a compendium of papers given at a seminar conducted in Berlin in 1941 by top German Nazi Party intellectuals.

The blueprint for the reorganisation of Europe under German hegemony was arranged in almost exactly the same manner as the Maastricht Treaty of 1992, the key chapter and subject headings of which are almost identical to those of the Nazi compendium, which was published in 1942. Copies of this Nazi document are available in the Staatsbibliothek, Berlin, and in the British Library, London. The copy in the British Library must be ordered in advance. Facsimiles of some of the pages from the document are published in the Editor’s book.

(5) Kakocracy: Governance by the worst elements of society exclusively in their own interests to the deliberate detriment of all other elements of society. See Glossary with the Cottrell Plan text.

ANNEXE:

REITERATION OF THE STATUTES, SECURITIES REGULATIONS AND LEGAL PRINCIPLES OF WHICH THE CRIMINALISTS, ASSOCIATES AND KEY FINANCIAL INSTITUTIONS ARE 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.