THE FINANCING OF AL-QAEDA BY U.S. INTELLIGENCE

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FIRST SEQUENCE OF ‘HARD INFORMATION’ UNVEILING DETAILS OF THE CRIMINALITY

Thursday 26 November 2009 20:00

• NOTE: NSA CLOSED DOWN WWW.WORLDREPORTS AND OUR SERVERS TO TRY TO STOP US POSTING THIS REPORT: Shortly before 6:00pm, when this report was scheduled to be posted,
our website and all our servers were suddenly inaccessible.This is a highly sensitive and pertinent report and it is time-sensitive. We have started distributing it separately by fax, but are glad to be able to bring it to you by the usual means, notwithstanding this latest White House-ordered outbreak of US official international banditry. Interfering with a foreign website, as you know, is ILLEGAL: like everything else these criminal operatives do.

Self-evidently, whenever attempts are made to take our website down just as we are working on a sensitive report, the net effect is to confirm that what we are stating is accurate. And indeed, it has been specifically confirmed to us that the analysis concerning the use of the audit of the Fed as cover for a fraudulent operation is ACCURATE.

• They have been caught with their pants down YET AGAIN.

• At about 6:20pm, after the website was placed out of action, we were authoritatively advised that the Obama Administration is quote ‘LYING TO EVERYONE’ about the Settlements and their activity.

• WHAT A DIFFERENCE ONE DAY IN THIS CRISIS MAKES

• AUDIT OF THE FED BEING USED AS COVER FOR:
SWAPPING PUBLIC FOR PRIVATE DEBT, DISPENSING WITH THE G-7-APPROVED $ REFUNDING PROGRAMME, AND REIGNITING THE FRAUDULENT FINANCE DERIVATIVES CAROUSEL

• CURRENCY BOXES BEING USED TO ‘CLEAN UP’ MESSES AT TREASURY AND THE FED

• LURCHING FROM ONE DIALECTICAL EXTREME TO THE OTHER

• AMERICA: THE WORLD’S CLASSIC CONTINUING REVOLUTIONARY POWER

• PLEASE KEEP READING/REFERENCING the report dated 24th November 2009 as it contains many ‘grenades’ primed to explode… We’ve had to post this new report earlier than planned.

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’.

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

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

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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:

FIRST DELIVERY OF ‘HARD INFORMATION’ PROVOKED BY THE CONTINUED SABOTAGE
In sharp contrast to the preceding report, we publish herewith, to begin with, detailed intelligence, the implications of which will be clear to ‘the interested’ and to close students of the prevailing unprecedented global criminal finance crisis, and on which we will make no further comment and will answer no questions. This is the first ‘delivery’ of such intelligence; and further postings of such intelligence will follow (in accordance with the sources’ timeframe) until resolution.

The forthcoming issue of International Currency Review [Volume 35, Number 1] will publish original documents relating to the ‘recovery’ of the gold buried in The Philippines during the Second World War under General Tomoyuki Yamashita, creating new sources of slush funds for the manipulation of foreign governments and the financing of the US Intelligence Power’s familiar ‘Black’ and other operations on behalf of the White House and the energy corporations, and showing how the CIA [proxy for the overall US Intelligence Power, which includes the Office of Naval Intelligence (ONI)] handled/handles the banks and depository arrangements, while the mafia was and remains to this day employed to provide ‘international delivery protection’ services.

This model has been extended, we believe, for general application.

Notes providing details of the sources of this information are given under Notes and References at the foot of the report; and the individual numbered items’ specific original sources are designated by capitalised characters appended to the end of each item, thus: (A), (B), (C), etc.

First, the following recent information has been brought to our attention:

• (1): On 23rd October 2009 it became known to us that former President George H. W. Bush had placed one or more persons inside the ‘CT’ Trust operation in order to ‘sabotage’ the release of the Settlement funds (A)

• (2): On 24th October 2009, the individuals referenced above (2 persons) were found inside the ‘CT’ Trust operation holding full banking codes with the intention of diverting funds during the “release” process on orders and with authority from George H. W. Bush and with the “blessing” of Rahm Emanuel, President Obama’s Chief of Staff (A).

• (3): When confronted with the foregoing, George Bush Sr. stated that quote “he will not pay [identity of key background figure withheld] or anyone else”(A).

• (4): On 24th October 2009, source was authoritatively informed that documents identifying the account numbers and coordinates of the Caribbean Accounts for George H. W. Bush have been filed with Mr Dan G. Blair – Commissioner, Postal Regulatory Commission, nominated by former President George H. W. Bush – and that this information was to be brought to the attention of President Barack Hussein Obama, but that Mr Obama’s White House Chief of Staff, Rahm Emanuel, had STOPPED and PREVENTED President Obama from seeing the documentation in question (B).

• (5): The subject-matter of the documentation mentioned above referenced the theft of $12.5 billion (twelve point five billion US dollars), via Bank of America, Dallas, Texas – the funds having been illegally diverted on Sunday 18th January 2009 to the Carlyle Group under a Presidential Executive Order issued by President George W. Bush from the DTC suspense account which had been holding the funds for disbursal to CMKX DIAMONDS, INC. (CMKX – OTC) as the result of Court rulings involving the Securities and Exchange Commission (the SEC) and the shareholders of CMKM DIAMONDS, INC. (B).

Secondly, the following historical information has been brought to our attention:

• (6): Mr Jan Morton Heger, Leo Wanta’s Attorney at the time, was attempting, in October 1998, to establish new bank accounts for AmeriTrust Corporation (USA) with the Bank of England in London, Midland Bank (London), and Barclays Bank (London). (C).

• (7): Attorney David McCall (of Gay, McCall, Isaacks, Gordon & Roberts, P.C., located at 777 East 15th Street, Plano, TX 75074), assisted Jan Morton Heger in the process of setting up the bank accounts. (C).

• (8): Among bankers involved in establishing the bank accounts for AmeriTrust Corporation (USA) were Mr James Denny (former Director of Midland Bank), Mr Thomas Hays, Mr Brian English, and Mr Brian Donnell – managers at Barclays Bank (London) – who are now running the operations. (C).

• (9): The “new” AmeriTrust Corporation (USA) bank accounts – with a different Federal Reserve Number approved and assigned by the Chairman of the Federal Reserve Board (Fed)) at the time, Dr Alan Greenspan – were to “mirror” the concurrent Bank of America (Chicago) bank accounts of Marvelous Investments Limited [care of: C. E. Crowninshield, CPA, located at 869 Turnpike Street, North Andover, MA 01845], EIN 04-3371126, Lee (Leo) E. Wanta, President and CEO. (C).

• (10): Imelda Marcos, the former First Lady, Republic of The Philippines, refused to release her gold (asset accounts) held at bank accounts in Switzerland and “Lee Morris’ [Admiral Lee Morris, a.k.a. Woodrow L. Morris, a.k.a. Leon Morris of 7039 East San Miguel, Paradise Valley, AZ 85253] negotiated with Mr Ramos † in October 1998 for the “buy-back” of the Clark Air Force Base in The Philippines. (D).

• (11): On Tuesday 6th October 1998, Judge Ted Spence died, causing a “pivot” for Sheikh Bin Laden with respect to the intended movement of funds to the Middle East. (D).

• (12): A total of 25 AmeriTrust Corporation (USA)/Marvelous Investments Limited bank accounts were established – a fact that was causing much concern at the ‘top’ among the Active Controllers, meaning that former President James Earl ‘Jimmy’ Carter and the current EB01 [= Executive Branch 01 – Ed.], President William J. Clinton, could not see over the funding horizon. (D).

• (13): A total of 131 “boxes” were being utilized by Affidavit to obtain and use the ‘Deed of Trust’ at the Bank of England (London) for the said funding. (D).

• (14): These “boxes” were described in a ‘Talking Paper’ dated and sent by fax by ‘Lee Morris’ on Monday, 7th October 1996 to Michael C. Cottrell, B.A., M.S., in the following terms: (D).

“… The transaction involves 1934-35 era US dollar currency, bonds, debentures, gold certificates and various foreign currencies. The master inventory with disposition instructions and ownership data is too voluminous … and too sensitive to reveal… the boxes themselves are six (6) feet square and weigh about 2,221 pounds each. The total amount in each box is US$100 million…”. (D).

• (15): The Bank of England/Treasury (London) accounts set up for AmeriTrust Corporation (USA)/Marvelous Investments Limited were confirmed to have been established as of 14th October 1998 and were ready for funding from the Bank of America (Chicago) correspondent bank accounts, namely Chase Manhattan Bank (New York, NY) ABA# 021-000-021, for the account of: National Financial Services, LLC, Account # 066196-221, for further credit to: Marvelous Investments Limited, Account # FBW-027324, North Andover. MA [confirmed by email from LASALLE STREET SECURITIES, Sherry Carey, on 17th August 2004]. (E).

• (16): The cost to maintain and support the aforementioned accounts would be 120 basis points (1.2%) of each transaction on each account. (E).

• (17): Attorney McCall was to start transferring funds from the Marvelous Investments Limited accounts beginning with US$175 million on Friday, 16th October, 1998, for a total transfer value of US$1.125 billion (E).

• (18): The US$1.125 billion was to fund the issue and purchase of Senior Medium Term Bank Debentures from (E):

• (19): Marvelous Investments Limited, FED ID # 04-337-1126, located at: 4000 Steeles Avenue West, Suite #221, Woodbridge, Ontario, Canada L4L 4V9, Attn: Jan Morton Heger, Secretary/Director (E).

• (20): … via: Bank of America, 345 Montgomery Street, San Francisco, CA, ABA # 121-000-358; Bank Officer: Rick Megoza; Account Name: Law Offices of J. Morton Heger, Attorney/Client Trust Account IFO Marvelous Investments Limited, Account # 16647-00461.… (E).

• (21): …paid by: Bank of New York, 48 Wall Street, New York, NY: ABA # 021-000-018; Bank Officer: James M. Allen, Vice President, Nesbitt Burns, Toronto, Ontario, Canada: Contract Number: FF/AMB 980605.MIL/1075; Code: ST GABRIEL-JMJ/JUBILEE2000. (E).

• (22): The transaction and prices were approved by the Chairman of the Federal Reserve Board, Dr Alan Greenspan. (E).

• (23): Federal Reserve Chairman Greenspan also approved the elimination of Marvelous Investments Limited’s operation, and the assignment of a new Federal Reserve Number and Contract to AmeriTrust Corporation (USA) – authorizing the issue of Senior Medium Term Bank Debentures via the Triton Trust (Cayman Islands)/Delaware (E).

• (24): AmeriTrust Corporation (USA)/Marvelous Investments Limited – since transformed into Barrington Investment Group, AG (St Gallen, Switzerland*), later Deutsche AG* (Switzerland), was also domiciled in Hong Kong with Joseph Ackermann – CEO of Deutsche Bank (Germany) and Hans Peter Breuer (Dresdner Bank, Germany) as operating officers of “Group AG, et al.” (F).

• (25): Fifty-one (51) programs with six trading accounts through BANK OF AMERICA via “Group AG, et al” were established and were to be operated by the aforementioned – with Attorney David McCall (Gay, McCall, Isaacks, Gordon & Roberts, P.C.) as legal counsel (F).

• (26): “Lee Morris” [Admiral Lee/Leon Morris] was “with” the CIA Director of Central Intelligence William J. Casey when he died. (G).

• (27): “Lee Morris” was an Aide to Admiral Stanley Turner, an Administrator for James Woolsey and Admiral John Poindexter, and served as Logistics Officer for Admiral Farley. (G).

• (28): “Lee Morris” was required to resign from Barrington Investment Group, AG [Deutsche AG], in January 2003, by the Active Controllers: Former President James Earl ‘Jimmy’ Carter, Former President William J. Clinton, and the then President of the United States, George W. Bush. (G).

Notes and References:

All the foregoing information is contained in a notarised and signed six-page statement of facts dated 23rd November 2009 and received by the Editor of this service at 4:47 p.m. on Tuesday 24th November 2009. The information is reproduced here as provided in the Affidavit with only minimal editing for presentational purposes and no alteration of content whatsoever.

The numbered items contain information derived as follows [see capitalised letters (A), (B), (C) etc. at the end of each entry]:

(A): Items (1) – (3): Telephone call from [identity of key background figure withheld] timed at between 9:00 p.m. and 9:04 p.m. EDT on 24th October 2009.

(B): Items (4 – (5): Telephone call from [identity of key background figure withheld] timed at between approximately 9:18 p.m. EDT and 9:20 p.m. EDT on 24th October 2009.

(C): Items (6) – (9): Telephone call timed at between approximately 10:45 a.m. EDT and 11:12 a.m. EDT on 9th October 1998 in which Admiral Lee Morris advised as indicated in items (6) – (9).

(D): Items (10) – (14): Telephone call timed at between approximately 3:32 p.m. EDT and 3:55 p.m. EDT on 9th October 1998 in which Admiral Lee Morris advised as indicated in items (10) – (14).

(E): Items (15) – (23): Telephone call timed at between approximately 11:05 a.m. EDT and 11:27 a.m. EDT on 14th October 1998 in which Admiral Lee Morris advised as indicated in items (15) – (23).

(F): Items (24) – (25): Telephone call timed at between approximately 9:59 a.m. EDT and 10:32 a.m. EDT on 18th April 2003 in which Admiral Lee Morris advised as indicated in items (24) – (25).

(G): Items (26) – (28): Telephone call timed at between approximately 9:44 a.m. EDT and 10:42 a.m. EDT on 1st May 2003 in which Admiral Lee Morris advised as indicated in items (26) – (28).

* ‘Partners’ in Barrington Investment Group, AG, St. Gallen, Switzerland, now called Deutsche AG, reportedly include but are not limited to: George H. W. Bush Sr., Joseph Ackermann, Helmut Kohl (former Chancellor of Germany) and Mikhail Gorbachëv. Bush, Kohl and Gorbachëv made money out of ‘ending the Cold War’. Of course.

† Brigadier General Onofre T. Ramos, Comptroller of the Philippine Armed Forces

WHAT A DIFFERENCE ONE DAY IN THIS CRISIS MAKES
In the report published on 24th November 2009, our Preface pointed out the multiple hazards we face in seeing clearly through the fog of lies, disinformation, diversionary lines of enquiry and other detritus which the criminal cleptocracy continually recycle for public consumption.

Lucky we incorporated that Preface because, accurate though the report was ‘to the best of our knowledge and belief’, new information started emerging the moment we had posted that analysis.

Because, all of a sudden, previously evident indications of settlement suddenly stalled – as has happened many times previously. The new information, still available only in outline format, that has been analysed by us, and confirmed to us by US sources, is as follows:

AUDIT OF THE FED BEING USED AS COVER FOR:
SWAPPING PUBLIC FOR PRIVATE DEBT, DISPENSING WITH THE G-7-APPROVED $ REFUNDING PROGRAMME, AND REIGNITING THE FRAUDULENT FINANCE DERIVATIVES CAROUSEL
The ‘recovered’ currency boxes are being used in conjunction with the TALF programme to clean up the mess on the Federal Reserve’s balance sheets and to rid the Federal Reserve Bank of New York of the $500 trillion in junk derivatives assets referenced in the report dated 24th November 2009, accumulated under Timothy Geithner when he was President of that institution.

• IT’S ALL FRAUDULENT AND ANOTHER ‘SMOKE AND MIRRORS’ OPERATION.

• Note: When the Editor was developing what follows on the transatlantic line, in the middle of the night (2:30 am on 26th November) the usual army of US and foreign eavesdroppers checked in. They got SO AGITATED at what we were discussing, that after jiggering the connection for several minutes, they wound up SEVERING THE CONNECTION ALTOGETHER. When these IDIOTS do this, they simply CONFIRM the accuracy of the analysis that is being developed.

So we can state, without fear of contradiction, that the following assessment represents a reasonably ACCURATE summary, based on data to hand, of the LATEST U.S. OFFICIAL FRAUDS.

Naturally, President Obama knows all about this fraudulent ‘clean-up’ operation, and is party to it, having presided over the most permissive ballooning of US official debt in history ($1.0 trillion + per annum, with the Treasury selling debt TO ITSELF) – all of which debt is totally unnecessary, given that had the G-7-approved Dollar Refunding Programme been implemented when it should have been, there would have been no financial crisis at all and the US Treasury’s finances would already be in excellent order. The banks would have been liquefied on the books given that the Treasury must place its tax accruals with the banks. Which is why these people are engaged in committing financial and economic terrorism against the American people and the world.

• The Active Controllers think that they can clean up the messes at the Treasury and the Federal Reserve IN LIEU OF the G-7 prescribed Dollar Refunding Programme, which presupposes that their objective is exclusively to re-establish the Fraudulent Finance carousel as the norm.

• This operation is TOTALLY FRAUDULENT because what they are doing is seeking to ‘validate’ the Federal Reserve’s vast accumulated portfolio of fraudulent derivatives debt – from which the criminal finance operatives and the banks profited by means of deceitful, fabricated assignments of so-called ‘structured products’ consisting of alienated mortgages sold on without recourse, which were fraudulently ‘guaranteed’ under TALF at the Fed level and which represented PRIVATE DEBT – with US Treasury Guarantees: which is to say, they are fraudulently converting PRIVATE DEBT WHICH THEY PROFITED FROM (Carlyle, etc) into PUBLIC DEBT, which the American people will have to pay down for generations to come.

• The intention is to ‘clean up’ the derivatives overhang at the Federal Reserve and the US banks, making the US banks ‘look pristine’ by means of a fraudulent facade operation, leaving generations of American taxpayers with the bill, and leaving the Rest of the World’s banks holding vast caches of US ‘trashets’. The criminal operatives get to profit NOW, while the US taxpayer pays for their huge illicit profits (profiteering) achieved through fraudulent transactions, for generations ahead, and the Rest of the World goes to hell. For lo! Suddenly, the Fed and the big US banks have no derivatives problem: so ‘we don’t need the on-the-books Dollar Refunding Programme…’.

[But in reality the objective is to MINIMISE THE IMPACT OF THE REFUNDING OPERATION].

• Furthermore, this operation is being implemented under the cover provided by the requirement for the Federal Reserve to be audited, as originally called for by Representative Ron Paul, and now approved by Congress. Thus we can see that the auditing of the Fed is providing supposed cover for a series of completely fraudulent transactions whereby the American taxpayer will be called upon to refund the Treasury in order to pay for the profiteering of the criminal financiers and the criminal enterprise banks and instititions: and moreover this fraud is being done with one set of fraudulent books at the say-so of Geithner, Summers, Bernanke, Rahm Emanuel, Leon Panetta and President Obama, whose job is to know what is being undertaken in his name and to block corrupt operations by his subordinates, a responsibility that he is conspicuously failing to exercise.

• So it turns out that the auditing of the Fed is being used as a FACADE for fraudulently ‘cleaning up’ the Federal Reserve’s books (for the audit) WHILE AT THE SAME TIME providing the economic terrorists with a pretext for BLOCKING the G-7-approved transparent, fully taxed, on-the-books US Dollar Refunding Programme.

The only problem is that THIS FRAUD HAS HEREBY BEEN EXPOSED, as a consequence of which yet another corrupt stratagem concocted by these terrorists has been publicised for all the world to see. The markets won’t buy this: indeed, they’re seeing right through it right now.

• A parallel objective is to try to use the currency boxes as collateral inter alia via TALF to re-ignite the derivatives Fraudulent Finance trading operations with all the ‘platforms’ that corrupt agents have been scrambling to establish in recent weeks and months. This purpose CONFLICTS WITH the foregoing (fraudulent) Fed-Treasury ostensible clean-up operation.

But that will come as no surprise to readers of this column, given the DOUBLE-MINDED (facing both ways) modus operandi, which, as we have pointed out, is STANDARD PRACTICE.

In other words, in addition to providing a means of ‘bailing out’ the Fed and relieving the American Treasury of its estimated $500 trillion worth of ‘trashets’, by providing Treasury ‘guarantees’ (which are cashable) instead of the ‘trashets’ which were accumulated under the former President of the Federal Reserve Bank of New York, one Timothy Geithner, the ‘advertised’ intent to provide the US dollar with solid backing by recovering and applying the 1933-34 et al. US dollar currency boxes as backing, appears to be cynical ruse, cover and facade for a typically duplicitous operation, in collaboration with the Chinese, and implemented by Robert Gates at the Pentagon (who used to be Director of Central Intelligence) to obtain the means of:

(1): Enabling the Federal Reserve to ‘survive’ an audit of its books;

(2): Dispensing with (‘MINIMISING’ THE IMPACT OF) the Dollar Refunding Programme; and:

(3): Providing new collateral for further Fraudulent Finance derivatives operations using fabricated assignments of private mortgages and trading of so-called mortgage-backed securities, i.e. corrupt business ‘as usual’: hence Dominique Strauss-Kahn’s grim warning earlier this week: see below.

OTHER ASSESSMENTS THAT HAVE EMERGED SINCE THE REPORT DATED 24TH NOVEMBER
Far from being removed from the frame, George H. W. Bush remains or has remained in control, and his instructions are being or have been followed by his corrupt satraps in high places who have been specifically named to us again as: Timothy Geithner, US Treasury Secretary; Rahm Emanuel, White House Chief of Staff; Robert Gates (Pentagon); Leon Panetta (CIA Director of Central Intelligence); Lawrence Summers; and, outside the formal structures, that familiar crook Henry M. Paulson Jr.

• These people are/have been continuing to hold the United States and the Rest of the World to ransom, as they have been doing all along: on the familiar corrupt instructions of George H. W. Bush. It can be seen from the detail at the top of this report that Bush Sr. has been ordering all subsequent Presidents around, probably on the same principle as Cheney’s reversion to his CIA operative rôle when he ceased to be Vice President.

Put another way, these operatives hold high office on assignment by the Intelligence Power and after leaving high office (having enriched themselves contrary to the Constitution) revert back to their ongoing rôle as intelligence operatives alone (except that George Bush Sr. is also the US-based Abwehr Gauleiter under his handler Dr Henry (‘Heinz’) Kissinger).

Bush’s underlying motivation all along has been to place and recycle the drug-trafficking proceeds from the Golden Triangle and Colombia et al., having generated over the years such an abundant pipeline of drug money that ever more exotic outlets are needed to cover this avalanche, which continues growing all the time.

But the hideous mistake these genocidal terrorists working for George Bush Sr. have made from their perspective has been to assume that the proceeds of the exotic financial operations that have been developed in order to handle these illicit money flows, could be stashed away offshore indefinitely. Reports of Bush drug ‘assets’ being transferred from Colombia to Switzerland suggest that a deal with the Swiss (where Bush’s associate, Mark Rich, a.k.a. the DVD operative Hans Brand, is based) has also been formulated, and is in the process of implementation.

• Being the consummate Leninist that he is, Bush reneged on whatever deal was agreed. When an insider was asked pointedly on 25th November by an associate: WHY DO YOU KEEP ON TRYING TO REACH AGREEMENT WITH BUSH SR., there was no answer. [The answer is that these people keep hoping that he will honour his undertakings, WHICH HE HAS NEVER, EVER DONE].

• It is understood that Chinese parties are part of the ‘deal’ that was struck [see above], which sheds NEW light on their collaboration with elements of the US Military Power at Fort Hood, and vice versa. It has further been suggested to us that the Chinese have rotten apples in their midst who may have succumbed to bribery and corruption. In other words, it would appear that Chinese elements have compromised, and have BEEN compromised.

• The Chinese have indeed therefore demonstrated, according to this preliminary information, that they are no more able to enforce the Rule of Law than the feckless and weak American authorities in this context; and they have demonstrated that they, too, are not to be trusted.

• It has been explicitly stressed to us from the United States that President Barack Hussein Obama has NO POWER, is treated with contempt by his associates, is being betrayed by them all the time, and is content with baubles, such as travelling to Scandinavia to pick up his Nobel Peace Prize (which, as previously noted, is a device to ‘legitimise’ ‘received lies’ or diversions).

On the other hand, he must know all about the currency box deal and how it is being used as the pretext for the facade to ‘clean up’ the mess at the Treasury and the Fed; so just as it is being argued that he has no power, the opposite can also be argued: that he signed off on this arrangement (the dialectical double-mindedness theme again).

• US banks which have been ordered to release – Bank of America (the CIA’s bank, within which sits Wachovia), Citibank etc – were reported to us on 25th November 2009 to be POINT BLANK REFUSING TO RELEASE THE FUNDS that they are required to release.

They are refusing to release money that does not belong to them and which they have no legal right to retain and in doing so they are deliberately and with specific intent, aggravating global tensions and sharply increasing the likelihood of a catastrophe – a calamity that was specifically hinted at earlier this week by Dominique Strauss-Kahn, the Managing Director of the International Monetary Fund (who is the best man to hold this post since the Editor began following the Fund in the early 1970s), when he warned in so many words that any repetition of the grotesque financial derivatives permissiveness of the past will lead to a calamity in the sense that governments, already stuffed to the gills with debt, will be unable to come up with a renewed round of bailouts.

• It is beginning now to appear likely that what we are witnessing may be OR MAY HAVE BEEN a deliberate, criminal operation to destroy the entire financial system, so that the Fascists can pick up the world’s assets at firesale prices, so they imagine(d).

You can read this another way too: you can say that the recalcitrant criminal enterprise banks are collaborating with these criminals to DESTROY CAPITALISM.

That would suit them just fine. Remember the days, under overt Communism, of the monopoly State Bank, the monopoly Commercial Bank, the monopoly Industrial Bank and the monopoly Agricultural Bank? That’s where we are headed if these stupid people don’t come finally to their senses (which we think they finally will have to: and we’ll keep slamming them until they do).

• The criminal US enterprise banks that are refusing to release the funds they hold are accordingly continuing to engage in financial terrorism against the American people and the Rest of the World, and they are doing so, we have been authoritatively informed, on the specific ongoing instructions of Geithner, Panetta, et al, ALL OF WHOM PERSIST, IT TRANSPIRES, IN TAKING INSTRUCTIONS FROM GEORGE BUSH SR., who works, as we have demonstrated, directly with the Germans through the DVD’s Deutsche Bank, which has a reputation as the nastiest bank in the world.

• We hear from our best sources, both within the US official structures and beyond, that a sense of absolute frustration and anger prevailed on 25th November 2009, that the situation appeared to be beyond critical, and that, as was the case back in 2007, nobody in the United States has the GUTS to confront these criminals, arrest them and give them the treatment recommended in the preceding report [24th November. Please continue reading that report, as it contains a great deal that is of continuing importance as this crisis careers out of control: see: Archive].

• ON THE OTHER HAND, given that the fraudulent ‘currency box clean-up’ between the Treasury and the Federal Reserve is taking place [see above], it ALSO appears that time was needed to procure this clean-up, so that the Thanksgiving Weekend came in handy for that purpose.

• That is of course a weak (though typical) excuse for this further delay – and echoes an issue that has arisen from time to time, concerning how cascading Treasury tax accruals arising from the fully transparent, on-the-books Dollar Refunding Programme will be shown for public consumption by the Office of Management and Budget (OMB), given that national pride will preclude any allusion to the sovereign source of these funds. Apparently this is an issue that has been exercising certain minds, and that has been fed into the ‘delay factory’.

However since time has run out – not least given that a huge portfolio of derivatives contracts matures, we understand, imminently – this is an issue that can perfectly well be resolved AFTER the eight on-the-books Dollar Refunding trades per week have started.

After all, the Office of Management and Budget is past master at the ‘smoke and mirrors’ game. It will therefore know how to climb back through the mirror, like Alice, into the Drawing Room – given that it will be called upon to re-educate itself in the art of dispelling the smoke.

LURCHING FROM ONE DIALECTICAL EXTREME TO THE OTHER
This crisis lurches dialectically from one extreme to the other – hitherto a deliberate, foolproof Psy-Ops technique so that as soon as a ‘down’ phase has been promulgated, preparations have in the past made (through ‘leaks’ or disinformation ‘lines’) for the next up-phase to be set in motion.

However the VELOCITY of these lurches, at this stage of the crisis, has accelerated to the point at which what was assessed and written up in the morning can be out of date by the afternoon, and what was accordingly changed in the evening can be redundant by the time of posting at midnight.

One should pay no attention whatsoever to these mood-swings (Ying-Yang Ops.), some of which are still being deliberately contrived but which now, increasingly, reflect lurches perpetrated by hands-on officials and Active Controllers (see above), as they scamper and scurry like rats in a cellar when the lights have been switched on.

Rather, to stiffen backbones, what we now intend to do is, in addition to our explanatory reports, to publish the ‘hardest’ form of data available to us – the first installment of which is unveiled above.

The purpose of these new installments, which will be made available by this service as soon as practicable (at least until resolution), after the information has been provided to us (and we cannot be drawn on WHEN these reports will appear: that’s secret!), is to signal to all concerned (i.e., ‘the interested’, to cite Lenin) that precision evidence will be placed into the public domain which will indicate, inter alia, how successive supine and corrupt US Presidents – Carter, Clinton, Bush Jr. and now Mr Obama – have been taking instructions from a PRIVATE CITIZEN called GEORGE HERBERT WALKER BUSH, on behalf of foreign interests bent on reversing the outcome of two world wars (revenge) (and in order to provide continuity for the funds generated by drug-trafficking and energy cartel frauds). The overt Communists used to refer to such operations as ‘revanchism’.

As previously explained, the US Intelligence Power serves as the clandestine arm of the Executive Branch which acts in the interests of the energy corporations which operate a price-rigging cartel hiding behind the OPEC ‘public consumption’ cartel; and the Intelligence Power, having long since usurped total power in collaboration with the brainwashed US Military Power, considers that it is entitled to subvert foreign governments, to conspire to steal and seize their assets, and generally to perpetrate mayhem around the world with impunity – both because it thinks it is covered by the National Security Act of 1947 et seq. (a criminalists’ charter), and also because it is the clandestine arm of the White House, which is ‘sovereign’.

AMERICA: THE WORLD’S CLASSIC CONTINUING REVOLUTIONARY POWER
And behind this lurks, finally, the unspoken, hidden dimension that the United States is the world’s classic revolutionary power, that it reverted to that OVERT rôle after the Soviet Union had handed back the revolutionary ‘torch’ after 72 years (1917-1989: the Babylonian Rule of 72), and that it is the primary engine today of the World Revolution, which uses the ‘globalisation’ ploy as cover for its operations. ‘Globalisation’ has predictably turned out to be a cover and a pretext for off-balance sheet Fraudulent Finance; and the intention of the financial/economic terrorists in power, who are revolutionaries, has been to continue this behaviour sine die, irrespective of the opposition.

Thus, on the one hand, these people have been staggering from one slap in the face to another, since, as indicated in the preceding report, they never imagined, in their worst dreams, that there could ever be any opposition.

On the other hand, the criminal mentality has no idea how to ‘go straight’, or interest in doing so. We are told that the ‘technicians’ in power, starting with Geithner, don’t know anything other than Fraudulent Finance. So that’s what they do: and they imagine that through recovering the currency boxes, they can not only ‘restore’ the Treasury and the Federal Reserve (Fraudulent Stabilisation), but ALSO do the opposite: namely try to re-establish the derivatives ‘platform trading’ ‘business as usual’ [Fraudulent Destabilisation] – i.e., operate dialectically on a double-minded basis – despite the DECISIVE discontinuity of 10th-12th September 2008.

Lord Myners, the City Minister in Gordon Brown’s Labour Government, reiterated to the House of Commons Treasury Select Committee on 24th November 2009 that ‘we now know that the banking system was within a matter of hours of collapse’ (at the beginning of October 2008, just weeks after the mid-September discontinuity when the $6.2 trillion within the $14.0+ trillion was ‘pulled’ and placed into ‘lockdown’ with the $7.8 trillion making up the difference [see these reports, passim].

• LATE NEWS, 5:00pm UK 26th November:
(1): An unconfirmed report was received at about 3:30pm that ‘$7.0 billion has just gone missing’. A further unconfirmed report received at about 11:40am UK time indicating that the $7.0 billion was used to ‘pay off’ certain American Indian parties.

(2): The Editor receievd an email on 26th November timed at 15:50 UK from a long-standing and reliable US contact, with full coordinates, from Colorado, stating as follows [verbatim]:

‘A friend of mine in Houston had taken his wife out to an anniversary dinner this past week and saw Bush #41 with Barbara at the same restaurant. He remarked [that] he was quite hunched over and hobbled around with a cane. He mentally didn’t seem to be with it. Barbara was definitely calling the shots with directions to all their party. I thought I would just pass on this info’.

Editor’s comment: It may well be that we have entered Bush 41’s twilight zone. However given the absolute mayhem that this man has caused for Americans and the Rest of the World, referencing Bush Sr. as the common factor in almost everything that is being exposed and is unravelling, is unavoidable, and will probably remain so for a long time. There is also the possibility that certain elements may be quite comfortable with fingers being pointed at Bush Sr., as it may enable them to ‘do conjuring tricks’ behind that handy facade. Overall, this very useful information does not change the analysis at all. And of course the damage that Bush Sr. has done will reverberate for decades into the future. He may even live now to see actual chaos: think Dubai and Abu Dhabi.

(3): REMOVAL OF IRAQI WMD AHEAD OF THE INVASION SURFACES IN THE ‘MAINSTREAM’:
Barely 48 hours after we re-exposed the fact that the Iraqi weapons of mass destruction (supplied under Bush Sr.’s direction by the United States: as our publication Arab-Asian Affairs has separately publicised, Bush Sr. has been accused of being directly implicated in the provision to the Saddam Hussein regime of the poison gas that was used to massacre innocent civilians in Halabja in 1982), The Daily Telegraph carries [26th November 2009] a front page report headed: ‘Blair was told of dismantled WMD’. The article states:

‘Tony Blair was told 10 days before the start of the Iraq war that intelligence suggested that Saddam Hussein’s weapons of mass destruction had been dismantled, the Inquiry heard yesterday’.

‘A report stated that Iraq’s chemical and biological weapons ‘remained disassembled’ [wrong: they had already been removed on behalf of Bush Sr. by the Soviets: – Ed.] and that Saddam ‘might not have the munitions to deliver them’, said Sir William Ehrman, the Director of International Security at the Foreign Office at the time of the 2003 invasion’.

‘Despite the information’ [and despite the fact that authorities must have known that the two Soviet ships laden with Iraq’s dismantled WMD under the Iraqi version of the ‘Sarindar Programme’ had sailed from Umm Qasr in February 2003 – Ed.] ‘coalition forces pressed on with military action…’.

Our assessment [24th November report: Archive] that the Chilcot Inquiry is being manipulated to cover up the fact that the WMD had been supplied by the United States under the direction of the Bush Sr. criminal apparat, is in the process of being confirmed. The Daily Telegraph’s front page report elaborates: ‘In the [House of] Commons yesterday, Nick Clegg, Liberal Democrat leader, accused the Government of trying to “suffocate” the Inquiry by restricting Sir John Chilcot’s ability to publish documents [that] he has consulted. Mr Clegg confronted Gordon Brown [Prime Minister] over a “protocol” that prevented the release of papers on grounds including national security and data protection laws. Mr Clegg said that the Inquiry was being neutered by “the Government’s shameful culture of secrecy”. And what would the British Government’s motivation be here?

• Why, to cover up (a) the fact that the WMD were supplied to Iraq by the United States; (b) the criminal intent of the Bush apparat behind the invasion (seizing the Central Bank of Iraq and its assets, then trying to pillage Rafidain Bank (in order to encumber its sub-accounts in London, etc); and (c) the fact that the Blair Government was engaged in a criminal enterprise with the Americans.

(4): NEGOTIATING WITH THE BANK WAS “LIKE DEALING WITH ORGANISED CRIME”:
The Times, London, reports today that a New York Judge, Jeffrey Spinner, threw out an application on behalf of IndyMac bank for foreclosure on the home of Greg and Diane Horoski, stating that the lender’s behaviour had been, quote:

‘… harsh, repugnant, shocking and repulsive to the extent that it must be appropriately sanctioned so as to deter it from imposing further mortifying abuse’.

Judge Jeffrey Spinner accused the bank’s representatives of ‘an opprobrious demeanour and condescending attitude’. Noting that the Horoskis had turned up for the Court on six occasions, despite Mrs Horoski’s difficulty in walking, her husband’s multiple health problems, and an offer by the daughter, who lives with them, to purchase the property, the Judge elaborated:

‘At each appearance, they have assiduously attempted to resolve this controversy in an amicable fashion, only to be callously and arbitrarily turned away’. Eviction would leave the Horoskis and their daughter homeless, “leading to an additional level of problems, both for them and for our society”. Whereupon the Judge declared that the mortgage was “hereby cancelled, voided, avoided, nullified, set aside and is of no further force and effect”.

Mr Horoski had informed The New York Post that negotiating with IndyMac was “like dealing with organised crime”. This good and brave man may not have realised that he WAS.

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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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.

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*VISTA: Virtual Instant Surveillance Tactical Application.

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BUSH SR. IN GERMANY TO SABOTAGE PAYMENT PROCESS

story4

WHILE MERKEL STRUTS IN WHITE HOUSE PRETENDING TO COMPLETE

Tuesday 3 November 2009 03:00

UPDATE, 4TH NOVEMBER: 1:00 am UK:

CHINESE ‘TO GO TO WORLD COURT TO SEEK LIEN ON U.S. TREASURY’
First, we are informed that Geithner impeded the Settlement payment process again on Tuesday. A number of informed US sources have pointed out that this course of action is ‘remarkably foolish’ given the extreme level of tension reached as a consequence of the latest sabotage operation.

• Secondly, ‘the Chinese will be at the World Court this morning demanding a LIEN ON THE U.S. TREASURY, and other drastic measures against the United States’, we have been informed. They are so angry, and with good reason, that ANYTHING COULD HAPPEN.

• Thirdly, we understand that the European countries AND THE ARABS NOW are as furious as the Chinese authorities and parties. This suggests that all support for Bush Sr. has drained away, and that (as we believe) this sauerkraut has overplayed his hand (brainwashed Germans always do, as we learned when dealing with Herr Shickelgruber (Hitler), didn’t we). The only residual support is found among certain less well intellectually endowed US officials such as Timothy Geithner, who probably needs to look up the Book of Daniel and read all about THE WRITING ON THE WALL.

• Fourth, it was stated to the Editor that the following language has been used INSIDE THE U.S. STRUCTURES: ‘THEY DON’T GIVE A S…… ABOUT 41 ANY MORE’. (Begging the question of where the ‘any more’ comes from: i.e., why did they ever give a s……: to which the answer is: Bush Sr.’s technique of dangling the lure of riches). But the deeper significance of this is that THIS IS THE PRECISE LANGUAGE used by the Chinese intelligence operative Howie Kwong Kok, when Sr. told him that he (Bush Sr.) owns the monies in the offshore bank accounts that we publicised. You may therefore draw your own conclusions as to what this means, especially in the light of the recent horizontalisation of the Bush Sr. Houston Attorney John O’Quinn: See In Memoriam [18 October].

• In the fifth place, Ms. Natasha Dandridge, Legal Assistant, Office of the Inspector General of the US Securities and Exchange Commission, has today emailed the Editor as follows:

‘Thank you for contacting the US Securities and Exchange Commission (SEC) Office of Inspector General (OIG). In response to your request, please be advised that you have our permission to republish the document referenced in your e-mail below’ [viz: The Office of Inspector General’s interview with Bernard L. Madoff conducted on 17th June 2009 at the Manhattan Metropolitan Correctional Center, referenced in this report]. The full text of this amazing interview will be published in the forthcoming issue of Economic Intelligence Review [Volume 12, Number 10].

• With reference to Obama’s scheduled trip to Wisconsin to RESCIND Wanta’s commission from President Reagan, it will be interesting to see whether this now takes place on schedule, as it would have to occur AFTER the payments, not before. Since further malicious sabotage by various means was reported on Tuesday 3rd November, the trip to Wisconsin may be postponed.

• Finally, the Editor has been advised, with reference to the report below, that ‘there were no complaints’ from within the US structures: which means that certain sentiments that you see elaborated in this report ARE NOT OFFICIALLY OBJECTED TO. Now reverse that phrase, please. This CONFIRMS the Bush-DVD double-cross operation: Bush Sr. sabotaging while Merkel signs.

Update ends here.

DISREPUTABLE BRITISH CONSERVATIVE PARTY LEADER DESTROYS HIMSELF
Americans may not yet have noticed that David Cameron, the brainwashed lightweight selected by the corrupt British Intelligence Power so that he can be easily manipulated in conformity with the globalist agenda should the mis-named ‘Conservative’ Party win next year’s General Election, has just stated verbiage to the effect that ‘because the Lisbon Treaty [which DESTROYS RESIDUAL UK SOVEREIGNTY, THEREBY COMPLETING THE PAN-GERMAN ‘COUP D’ETAT BY INSTALMENTS’] has now been ‘ratified’, we can’t hold a referendum on it: even though two years earlier, this deceiver gave a ‘cast-iron guarantee’ that a referendum would be held under the ‘Conservatives’.

This political party is a bunch of fourth-rate, opinionated and complacent traitors and wretches who have sold the country into the hands of an unelected, institutionally corrupt enterprise that owes allegiance exclusively to the long-range pan-German strategic deception programme that we have exposed in our reports. It is despised for its fecklessness; and its supine leader now looks like a fool, which is what he is. Why use the weasel adjective ‘cast-iron’, only to discard it two years later?

Stupid idiot. The British people have had enough of these misguided, weak, corrupt traitors who masquerade as politicians in featherbedded circumstances. The Editor’s friend, Ashley Mote, the former MEP for Southeast England, has accordingly posted the following today on his website:

CAMERON’S PROMISES ARE WORTHLESS:

David Cameron’s decision to renege on his “cast-iron” signed commitment to a referendum on the Lisbon Treaty tells us all we need to know about him and the future direction of the Conservative Party under his leadership.

His idiotic excuse – that the treaty is now law* – is an insult to our intelligence.

It is also demonstrably threadbare. Perhaps he is too young to remember 1975, when the British people voted in a referendum to ‘stay in the Common Market’. Membership had been UK law for over two years. Did no-one remind him?

Yet more odious and depressing was Cameron’s implicit admission that the British people could not look to him to protect our sovereignty or our birthright to decide who governs Britain.

His offers of a referendum on any future treaties, and to repatriate (unspecified) powers already ceded to Brussels, are equally insulting and pathetic. Indeed they are even more loathsome, since he must already know neither can happen.

The following realities must be blindingly obvious to anyone who has been paying attention:

1: Lisbon is self-amending. There will be no more treaties. His referendum pledge is worthless.

2: Repatriation of powers is specifically forbidden in the treaties already signed and confirmed in Lisbon. The EU has always functioned as a ratchet – ‘what we acquire we keep’: defined in French as the ‘acquis communautaire’. Heath was told to “swallow it all and swallow it now”.

3: Any attempt by Cameron to claw back some powers from the EU will be met with one very simple bureaucratic answer: “Re-negotiation and cherry-picking are not possible. The treaties specifically forbid it. But you can leave. Your country ratified Lisbon. Now, it’s in or out? Your choice”.

We all know what will happen then. He’ll buckle, and we get precisely nowhere.

The 2010 British General Election looks increasingly difficult to call, and the prospects of the current bunch of lawless incompetents surviving has just improved – against all the odds.

There is serious trouble ahead. [Ashley’s post ends here].

* The Treaty is illegal. The Irish Referendum was rigged, as previously reported. There are currently four cases challenging the Referendum outcome before the Irish Supreme Court.

• A COORDINATED DVD-STASI DECEPTION PERPETRATED AGAINST THE MAIN ENEMY

• OBJECT OF EXERCISE: STEAL THE CHINESE GOLD AND DOUBLE-CROSS THE QUEEN

• GEORGE BUSH SR. IS IN GERMANY SABOTAGING THE SETTLEMENT PROCESS WHILE HIS AGENT, THE DEUTSCHESNAKE MERKEL, IS IN THE WHITE HOUSE PRETENDING TO AGREE TO THE SETTLEMENTS IN THE FULL KNOWLEDGE THAT BUSHRAT SR. IS SABOTAGING THEM

• A CLUMSY DVD DECEPTION OPERATION BLOWN WIDE OPEN BY THIS SERVICE

• BUSH SR. COORDINATES THE SABOTAGE WITH HIS PARTNER JOSEPH ACKERMANN

• BUSH CALLS PAULSON WHO CALLS THE CLINTONS WHO CALL GEITHNER AND PANETTA

• THE MAIN NAZI PERPETRATORS EXPOSED FOR THE WHOLE WORLD TO SEE

• THE SUPREMACY OF THE US SECURITIES ACTS AND REGULATIONS

• BASEL COMMITTEE EXPANDED: HENCE, LESS EXCUSE FOR IGNORANCE

• OFFICIAL DERIVATIVES DATA HAVE NOT BEEN UPDATED

• CHINA’S GOLD LOAN AND AGREEMENTS WITH THE UNITED STATES

• ANY FURTHER INTERFERENCE AND IT COULD END IN A WORLD WAR

• THE ROLE OF AFGHANISTAN IN THIS CRIMINAL MAELSTROM

• CRIMINAL ACTIVITIES OF UK, U.S., GERMAN AND OTHER GOVERNMENTS

• THE S.E.C.’S INCREDIBLE AND LOADED INTERVIEW WITH MADOFF

• THE LIES, DUPLICITY AND SUBTELTY OF THESE REVELATIONS

• THE LIES THAT THE S.E.C IS ASKING US TO BELIEVE

• YES, IT’S THE S.E.C. THAT HAS LEAKED THESE ADMISSIONS – ON PURPOSE

• THE BRITISH MONARCHICAL POWER NEEDS TO BEWARE

• WHERE IS THE VERIFIABLE ENFORCEMENT OF TRANSPARENCY?

• THE REALITIES THAT CANNOT (BUT WILL BE) SIDESTEPPED

• MEETINGS OF COMPROMISED OPERATIVES AT THE WHITE HOUSE

• PRESIDENT OBAMA’S SUDDEN VISIT TO WISCONSIN: ‘DECOMMISSIONING’ OF WANTA

• THE EUROPEAN COMMISSION IS A CRIMINAL ENTERPRISE

• BRITISH GOVERNMENT KNOWINGLY ENGAGED IN CRIMINAL DIVERSION OF TAX MONIES

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’.

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

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

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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.

GEORGE BUSH SR. IS IN GERMANY SABOTAGING THE SETTLEMENT PROCESS WHILE HIS AGENT, THE DEUTSCHESNAKE MERKEL, IS IN THE WHITE HOUSE PRETENDING TO AGREE TO THE SETTLEMENTS IN THE FULL KNOWLEDGE THAT BUSHRAT SR. IS SABOTAGING THEM
It is reported to us by a very well informed ‘connected’ source unique to this service that George H. W. D. V. D. Bush Sr. is IN GERMANY as we speek, sabotaging the Settlements process, while his corrupt agent, Chancellor Angela Merkel, was en route to the United States where, according to the White House Press Secretary, Robert Gibbs [C-SPAN, Friday 30th October], she was scheduled to meet President Obama at the White House on Tuesday morning 3rd November 2009.

Since the German financial terrorist Frau Merkel is an agent for George Bush Sr., it is crystal clear that this is A COORDINATED OPERATION, designed to snatch the Chinese gold [see below] and at the same time to entrap Her Majesty The Queen in an agreement which was supposed to resolve matters once and for all. People keep asking: How is it possible that Christopher E. H. Story is still vertical? But OUR question is: HOW IS IT POSSIBLE THAT THE SAME CAN BE SAID OF BUSH SR?

As of 21:57pm UK time on 2nd November, the Editor of this service received notification from the above-mentioned source to the following effect: ‘We got word late today from a covert Government source that 41 is in Germany for the purpose of stopping the payment process’. QUOTE UNQUOTE.

SO: Deutschesnake Angela Merkel is WORKING IN CAHOOTS WITH BUSH SR., playing games with the dignitaries and probable co-conspirators who are surfacing at the White House, with the aim of shafting the British Monarchical Power, the Chinese and the Swiss enforcement cadres, while all the while going through the motions of implementing the agreements that have been reached.

THIS MEANS THAT Frau Merkel is an international terrorist operative who is, like the Bush Crime Family she serves, engaged in sabotaging the Settlements and revalidation process in order to rescue the derivatives-based Fraudulent Finance carousel so that the HEAD SERPENT, Frau(d)Merkel’s controller, George H. W. D. V. D. Bush, can restore the status quo ante, and resume his fraudulent off-balance sheet trading operations, in collaboration with his corrupt lackeys in the White House, the US Treasury and the Federal Reserve Board, viz, fellow operatives Messrs Rahm Emanuel, Lawrence Summers, Timothy Geithner and Dr Benjamin Bernanke, and their avaricious co-conspirators inside the structures of the criminal Intelligence Power which is fighting to cling to its potential for manufacturing fiat money out of thin air to finance its rampaging operations.

Aiding and abetting these sheisters, are known crooks inside the US Legislature, more of whose heads will undoubtedly now roll as this crisis escalates into the stratosphere. Not to mention the consequences that will now ensue given that the Chinese authorities will be well within their rights to exercise lien on American assets wherever they have the jurisdiction to do so. Maybe there’s a blackmail element here; but even if that’s the case, what we now face is a dreadful state of greatly heightened global instability which could soon rush completely out of control.

For while the German Chancellor and her pathetic EU satraps parade around the Obama White House chatting up a President who appears to have no idea how duplicitous his Mossad Chief of Staff and his lapdog Summers are, Merkel’s boss, Godfather Bush Sr., is in Germany sabotaging the very agreements that Merkel is there to sign off on: AND THE GERMAN BITCH KNOWS IT.

A CLUMSY DVD DECEPTION OPERATION BLOWN WIDE OPEN BY THIS SERVICE
In other words, the gameplan was: Fraud(d) Merkel, go to the White House and sign the papers, along with your satraps Swedish Prime Minister Reinfeld (who’s current President of the European Union), EU High Representative Javier Solana, and Jose Manuel Barroso, European Commission President [see below] and make a good show of signing off on everything; while I, George Bush Sr. will fly to Germany to sabotage the agreement that you, Frau Merkel, are signing up to.

BUSH SR. COORDINATES THE SABOTAGE WITH HIS PARTNER ACKERMANN
George Bush Sr. is reported to us to be or to have been with his German business partner, Joseph Ackerman, who operates with George Bush Sr, via the Barrington Investment Group, A.G., based in Switzerland. Ackermann is Chief Executive Officer and Chairman of the DVD’s laundry institution, Deutsche Bank. EVERYTHING WE ‘VE STATED ABOUT BUSH SR. AND WHO HE WORKS FOR IS BEING VALIDATED. No doubt eh justifies his terachery on the basis that he’s is part of ‘Metabridge’, the CIA-DVD-Mossad-MI-6 World Revolution intelligence tie-up bent on destroying national sovereignty.

BUSH CALLS PAULSON WHO CALLS THE CLINTONS WHO CALL GEITHNER AND PANETTA
Our sources confirm that on 2nd November, George Bush Sr. telephoned the former US Treasury Secretary, Henry M. Paulson from Germany. The corrupt Henry Paulson telephoned the corrupt CIA operative and Secretary of State Mrs Hillary Clinton and her corrupt, degenerate CIA husband Bill Clinton. Former President Clinton telephoned Timothy Geithner and ordered him to sabotage the Settlement payments, and Hillary Rodomski Clinton telephoned Leon Panetta, Director of Central Intelligence and ordered him to collaborate in blocking the Settlements.

While all this was going on, President Obama was receiving the President of the European Union, Swedish Prime Minister Reinfeld, and was standing by to receive Frau(d) Angela Merkel and the other Europeans either aware or unaware that Paulson, the Bushes and the Clintons, plus Geithner and Panetta, were simultaneously blocking the payments process which the visiting Europeans had ostensibly arrived to complete. Obama may well ask: who’s doing what, to whom, getting no answer.

UNFORTUNATELY FOR ALL THOSE NAMED ABOVE, THE GAME IS UP BECAUSE YOU HAVE BEEN EXPOSED AND CAUGHT IN FLAGRANTE. We are told that George Bush Sr’.s life expectancy is near zero, and that (as anticipated in the report below which we had just completed before all this Bush sabotage information became available to us) THE CHINESE ARE ABSOLUTELY FURIOUS. Not only are they not getting paid, but their gold, the boxes [see below] and their other assets are in grave jeopardy, as are the assets of Her Majesty The Queen.

• Can you imagine a clumsier piece of state-sponsored deception, and a state of affairs MORE LIKELY to trigger an implosion and a collapse of international relationships than THIS DUPLICITY?

THE MAIN NAZI PERPETRATORS EXPOSED FOR THE WHOLE WORLD TO SEE
The foregoing exposure reveals the accuracy of our assessment that the MAIN ENEMY OF THE MAIN ENEMY (as German and covert Soviet intelligence reference Great Britain and the United States) is the Nazi Continuum served by George Bush Sr., his partner Joseph Ackermann, CEO of Deutsche Bank, who runs the DVD’s main banking institution, and their hypercorrupt cohorts in the United States, including Paulson, the Clintons, Geithner, Summers, Panetta and Bernanke.

• So many of Bush Sr.’s co-conspirators have either been horizontalised (e.g. John O’Quinn: see In Memoriam and Horizontalisation News: 18th October 2009, as updated) or neutralised, or else have decided that they won’t support his criminal operations any more, that Bush has been reduced to trying to orchestrate the sabotage of the Settlements Payment Process himself personally, with the assistance of his closest German allies, Ackermann and Merkel.

THE SUPREMACY OF THE US SECURITIES ACTS AND REGULATIONS
As you are aware unless you have been brainwashed – which, as you are reading this seems unlikely – under the US Securities Acts and Regulations of 1933 and 1934, NO OFF-BALANCE SHEET ACCRUALS are allowed and if generated, CANNOT BE PLACED ONTO THE BOOKS.

And as you are aware, unless you have been asleep for the past several years – which is equally unlikely – we have appended the relevant Regulations at the foot of almost EVERY report in this series that we have published.

We didn’t do this for decorative purposes, or to make ourselves look righteous, or for any other spurious reason: we did it because THESE ARE THE REGULATIONS AND THE STATUTE LAW OF THE UNITED STATES. These are the Securities Statutes that it is the DUTY AND RESPONSIBILITY of the US authorities, starting at the White House, the US Treasury and the Federal Reserve, to implement TO THE LETTER, without flinching, in order to PROTECT INVESTORS FROM BEING FLEECED BY CHARLATANS AND PONZI SCHEME OPERATORS.

• Like Madoff, Stanford, Helmut Kiener [see report dated 30th October 2009] et al., working for George Bush Sr. as launderers of stolen and illicit funds, and of drug-trafficking proceeds.

We have repeated the US Securities Regulations, and the legal definitions of FRAUD, at the foot of most of these reports, for the benefit of the MANY AUTHORITIES around the world, and the myriad financial institutions, investors, intelligence observers and others, that flatter us by reading these reports – just IN CASE they may have chosen to forget THE CONTINUED EXISTENCE OF THESE U.S. STATUTES in their enthusiasm for trying to engineer a mechanism for bringing the illicitly accrued, untaxed off-balance sheet funds onto the books ‘to solve the derivatives problem’.

BASEL COMMITTEE EXPANDED: HENCE, LESS EXCUSE FOR IGNORANCE
In this connection, before continuing, it is to be noted that the Basel Committee on Banking Supervision now comprises representatives from Argentina, Australia, Belgium, Brazil, Canada, China, France, Germany, the Hong Kong SAR, India, Indonesia, Italy, Japan, Korea, Luxembourg, Mexico, Netherlands, Russia, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Turkey, United Kingdom and the United States.

The Committee’s Governing Body has, since 10th June 2009, been broadened to include Central Bank Governors and Heads of Supervision from the new BIS member countries invited to join (Argentina, Indonesia, Saudi Arabia, South Africa, Turkey, Hong Kong SAR and Singapore).

OFFICIAL DERIVATIVES DATA HAVE NOT BEEN UPDATED
Accordingly, a BROADER CONSTITUENCY of countries is therefore au fait, at first hand, with the internal deliberations of the Basel Committee on Banking Supervision run from within the Bank for International Settlements in Basel, Switzerland. It follows that this broader constituency WILL BE AWARE, at first hand, of the REASONS WHY the table denoting the notional (and gross market value) amounts outstanding of over-the-counter derivatives HAS NOT BEEN UPDATED since December 2008, when data for June 2009 SHOULD HAVE BEEN DISPLAYED BY NOW.

• But this updated information is MISSING both from the Bank for International Settlements’ own presentation [as at 2nd November 2009] and from the International Monetary Fund’s Global Stability Report as made available at the IMF/World Bank Annual Meetings this year in Istanbul, which simply reproduces the data published by the Bank for International Settlements.

• WHAT could be the cause of this omission?

It may be recalled that the total notional value of derivatives contracts outstanding, according to these sources, rose from $418,131 billion in December 2006, to peak at $683,341 trillion in June 2008, eroding to $591,963 trillion as of December 2008. In parallel, the underlying supposed gross market value forming the base for this leveraged funny derived money rose from $9,791 billion in December 2006, to $20,353 billion in June 2008, to reach $33,889 billion at the end of December 2008 [ex-double counting]. Since when, no further data have been published. Why is this?

The first partial answer to this question can be easily established. A colossal FUDGE is being concocted, with the objective of procuring both achievement of ‘the Settlements’ (or some of them) AND corrupt derivatives trading ‘business as usual’ – the underlying objective being to VALIDATE (i.e. to apply value to) the colossal ‘hidden’ overhang of derivatives ‘assets’ stashed off the books (which, inter alia, the Bush Crime Syndicate cannot access because the accounts in question have been de facto frozen and these monies cannot be ‘legitimised’ by being brought back, other than fraudulently with the connivance of the US Treasury and Fed, onto the books).

The second, and related partial answer to this question is that A HIATUS in the data is ‘desirable’ for the purposes of perpetrating this fudge, so that the somnolent ‘mainstream’ media never get their act together and so fail to grasp that, while the US banks have been driven onto the Basel-II standard (otherwise the Rest of the World’s banks would have to cease dealing with them), the Bush-Clinton-Merkel-Deutsche-Bank-Dresdner Bank Crime Syndicate are intent upon getting ‘back into business’, on the pretext that if this can’t happen, then the German banks will collapse.

CHINA’S GOLD LOAN AND AGREEMENTS WITH THE UNITED STATES
Under two agreements reached with the Chinese in late October:

• China has LOANED the United States 10,000 tonnes of gold, with strings attached (the details of which are, obviously, not yet clear to us), to provide the basis for backing the US dollar so that the corrupt US financial enterprises which have been eager participants in Bush’s Fraudulent Finance, can be deemed by the Rest of the World to be operating in the context of a currency which has real backing – i.e., which is no longer supported, as a Congressional Budget Office once claimed, BY NOTHING. Under Basel-II compliance, the Rest of the World’s banks cannot continue to function in a fiat dollar environment underpinned by zilch.

This applies notwithstanding that the European Collective Currency (the Euro) is itself backed by NOTHING, not even a Government: hence the panic stations to erect a VIRTUAL GOVERNMENT which will provide the illusion that the Euro is backed by a Government.

FACT: The Chinese gold loan ‘substitutes’ for the gold belonging to the British Monarchical Power which was stolen on 29th-30th March 2007, as exclusively reported by this service.

• That gold was stolen to order by the official US criminal cadres, with subversive assistance from agents within the Bank of England and elsewhere in the British banking system, which procured an unannounced sudden shutdown of the banks, so that a ‘black hole’ occurred during which dirty transactions could take place – with the criminal purpose of ‘validating’ the US dollar, as is now being done instead with the Chinese gold loan.

• The stolen gold was ‘returned’ to its rightful owner after we exposed this scam on our website.

On 15th May 2007, when we mentioned this theft on the transatlantic telephone to a US contact, the person retorted: ‘I find that hard to believe’, thereby revealing a lack of trust in this Editor’s ability to ascertain facts. We therefore stated immediately that given this level of distrust, the contact was requested never to get in touch with us again.

That destroyed one of the operations being run against us by the criminal US Intelligence Power at the time, and caused consternation in certain eavesdropping quarters.

• Certain ‘boxes’ containing 1933 US currency, worth perhaps $100 million each in that currency, are being returned to the United States, in order, we understand, to ‘make up’ the $14.0+ trillion which is needed given the imperative requirement for the United States to comply with the Writ of Enforcement concerning the stolen $6.2 trillion made available to finance the US Dollar Refunding Programme on 19th-20th June 2007, plus the other sovereign monies which the criminal American Government DIVERTED AND STOLE.

After Obama was handed the Writ during his painful meeting with The Queen at Buckingham Palace on 1st April 2009, and failed to deliver within the 30 days allowed by the Writ, ENFORCEMENT measures were subsequently taken, to which we have alluded in subsequent reports.

ANY FURTHER INTERFERENCE AND IT COULD END IN A WORLD WAR
It is understood that if there is any interference with the agreed terms by the US or European snakes, and given the vulnerability of the gold component, the Chinese will take certain DRASTIC MEASURES UNILATERALLY against the United States, without any further prevarication. In other words, if anything goes wrong now, we will immediately face a rapid escalation of international tensions that may well culminate in a World War. This will begin with liens being placed on US assets all over the place, and the tensions will escalate very rapidly from there.

What will the currency content of the ‘boxes’ be used for? If the criminal intent that we detect oozing out of the White House, the US Treasury and the Federal Reserve is implemented, they will be deployed as the basis for corrupt off-balance sheet hypothecation ‘business as usual’ in open defiance of the Securities Acts – which may explain why it may have been thought helpful to leave the BIS/IMF derivatives data un-updated, in case it turns out that a massaged number needs to be inserted so that the consequent escalation of the data doesn’t look too shocking.

In this context, we also detect the real possibility that the BIS has been keeping THREE SETS OF BOOKS: Gross market values, amounts outstanding of over-the-counter (OTC) derivatives, and the real numbers which are too horrific to publish.

THE ROLE OF AFGHANISTAN IN THIS CRIMINAL MAELSTROM
The next line of enquiry takes us back to Afghanistan. Note here as follows:

• Several of our publications published in November 2009 carry a widely disseminated colour photograph of a US soldier standing guard over a heroin poppy field. In the background, we have detected a very tall BREEZE-BLOCK DEFENSIVE WALL. Since the field is alive with red poppies and is being guarded by the heavily-armed GI, it is quite clear that the defensive wall has been erected in order to FACILITATE PROTECTION OF THE OPIUM POPPY CROP.

According to a statement on 1st November 2009 by General Khodaidad Khodaidad, the Afghan Minister of Counter-Narcotics, NATO foreign troops are engaged in drug profiteering, with most stockpiles of opium located in two provinces controlled by military forces from the United States, Britain and Canada. WHICH TELLS US ALL WE NEED TO KNOW ABOUT THEIR GOVERNMENTS.

The United Nations Office on Drugs and Crime (UNDOC) has confirmed a huge increase in opium production since the US-led invasion of Afghanistan, and recently reported that ‘Afghan opium is having a devastating impact on the world, killing thousands in consumer countries’.

On 28th October, The New York Times reported that Ahmad Wali Karzai, a brother of the Afghan President, is involved in the opium trade and is a CIA operative. No doubt he reports to Richard Armitage, the satanic former US State Department official thought to be the primary US coordinator of the Afghan opium operation.

• It may be recalled that in the summer of 2008 we wrote to the British Ministry of Defence to ask what British troops are doing in Afghanistan. In our letter we requested that the MOD specifically DENY that British and allied NATO forces are operating there for the cynical purpose of ensuring, consolidating and maintaining control over the opium poppy crop (and removing it from control by ‘the opposition’), so that the West can expropriate and exploit it.

We pointed out that if the Ministry prevaricated or did not respond, we would be obliged to inform our subscribers and readers that our suspicion that this is the case had been validated. In other words, in the absence of a specific denial from the MOD, we would take it as read that the above is indeed the case. ALL the MOD needed to do was to write to us to confirm that the British are NOT in Afghanistan for that purpose. But despite several pointed reminders IT FAILED TO ANSWER OUR LETTER AT ALL. We therefore conclude that our assessment is correct.

The photograph of the poppy field being guarded by a US soldier behind a protective breeze-block wall tends to confirm the accuracy of this conclusion.

• Moreover every other sensible analyst who is not high on heroin or cocaine and whose mind is not addled with New Age MK-Ultra-type Cheney-Himmlerian New Age claptrap, has of late reached exactly the same conclusion. The clincher was in fact provided as early as January 2009, when:

• Antonio Maria Costa, the Director of the United Nations Office on Drugs and Crime (UNDOC), based in Vienna, Austria, was interviewed in the local journal Profil, and stated that the only liquidity available in the interbank market in the second half of 2008 was DRUG MONEY.

What he actually meant was that, with effect from the placing of the sovereign $14.0+ trillion into ‘LOCKDOWN’ on the 10th-12th September 2009, as previously reported by this service (following which, on 18th September 2009, the Editor received the three gunshot ‘warning’ voicemail and was advised to take care while travelling in the United States and attending the IMF/World Bank), the only remaining liquidity in the interbank market was drug money.

CRIMINAL ACTIVITIES OF UK, U.S., GERMAN AND OTHER GOVERNMENTS
This ADMISSION by such a senior official of an international agency CONFIRMS the central part being played by Afghanistan in this crisis.

And let us be specific:

• The Governments participating in the Afghanistan operation are engaged in criminal wartime profiteering activity to seize and retain control of the illicit drug trade partly in order to keep the interbank market liquid, the banks afloat, and colossal illicit profits rolling into the bank accounts of criminal operatives and the bank accounts of official agencies and political parties.

• The profiteering Governments involved, including the British, US, Canadian and German Governments, are cynically sacrificing young lives of soldiers in pursuit of this damnable, criminal ‘internationalist’ profiteering policy of which none of their electorates approve.

• When we telephoned the Ministry of Defence, this is exactly the excuse their personnel proffered: it’s an international policy: it’s been agreed internationally (i.e., it’s nothing to do with us). This reflects the fact that military operations have all been internationalised (collectivised).

• As a related but tangential point here, British Ministers continue to talk loosely about the ‘national interest’. But NATIONAL INTERESTS HAVE BEEN ABOLISHED. Our young men are dying not only in support of a satanic international war profiteering policy, decided upon by a collective (NATO), but also in support of CRIMINAL OPERATIONS because:

• The British US, German and other Governments have no problem, evidently, with perpetuating the scourge of drugs for profiteering purposes. In other words, they are knowingly engaged in mass murder of their OWN people – indicating that they hold their populations IN CONTEMPT.

• Given this state of affairs, and since it remains the case that the current internationalist wars (in Iraq and Afghanistan) continue, this criminal behaviour represents more than an offence for which those responsible should be arrested, put on trial and jailed for life: but also an act of treason, for which the penalty used to be capital punishment.

THE S.E.C.’S INCREDIBLE AND LOADED INTERVIEW WITH MADOFF
We now turn to an astonishing development that confirms what may be going on behind the scenes. On 30th October, The Wall Street Journal published a short article headed: ‘Jailhouse Interview: Madoff Rips SEC, Calls Schapiro a “Dear Friend”’.

The article, which Madoff gave while he was in the forbidding Metropolitan Correctional Center adjacent to the Manhattan Courthouse in Lower Manhattan on 17th June, failed to highlight quite astonishing matters of enormous consequence, concentrating instead on trivia such as Madoff’s comment that ‘everything the SEC did prior to 2006 was a waste’, ‘it never entered the SEC’s mind that it was a Ponzi scheme’, and ‘I wish they had caught me six years ago, eight years ago’.

He criticised the US whistleblower Henry Markopolos as ‘just jealous’ of his business, called the current head of the SEC, Mary Schapiro “a dear friend” (a kiss of death, surely for her reputation), and referred to one SEC investigator, who wandered around his office and the building wearing a jacket displaying the slogan ‘ENFORCEMENT’, as an ‘idiot’ who didn’t do any ‘enforcing’. All highly entertaining, but totally beside the point (on purpose, we presume).

The SEC’s document headed ‘Interview of Bernard L. Madoff’ on which The Wall Street Journal’s article was based, carries the following rubric which appears at the top of every page:

‘This document contains information that has been collected in connection with an investigation conducted by the US Securities and Exchange Commission Office of the Inspector General (OIG).

It contains confidential, privileged and sensitive information and should not be recopied or distributed without the express consent of the OIG’.

So the first point to note is that what follows appeared in an official SEC document. We wrote to the SEC asking for permission to reproduce the document in toto, but in the meantime we exercise our right to QUOTE FROM the document in exactly the same way as The Wall Street Journal has done, and we draw your attention to the following three segments:

• [Bernard L.] ‘Madoff stated that he served on the committee as to who should register as
Investment Advisers. He said that they were trying to get hedge funds to register, and
stated that “nobody wants to register” because they would be subject to prosecution for fraud’.

• ‘Madoff stated that he’d heard that Merrill Lynch, Goldman Sachs, and Credit Suisse wouldn’t do business with him; however, he stated that David Kamansky (Merrill Lynch’s CEO), Dan Tully (the former Chairman and CEO, Merrill Lynch), and the Chairman of Morgan Stanley (he did not name John Mack) were clients of his’.

• ‘He stated that these people did business with him and did not think the returns of 10-12% were unusual. He stated that if you look at his strategy day-to-day, it would be “extremely volatile”; however, month-to-month it would show low volatility. He stated he would hold on to a loss until it became viable again, and that the strategy itself was real, “not that exotic”, and “not that unusual”.

• ‘Madoff noted that the industry is growing incredibly complicated. He gave the example of when his firm put up a credit default swap and didn’t know how to put it on the books. Madoff said he didn’t know, and it wasn’t in manuals, so he called [REDACTED: Personal Privacy]’.

‘He said [REDACTED] didn’t know, but conferenced in another industry person, who told him to put it in his London office books. He said he called Merrill Lynch, Lehman Bros, five firms in total, all of which didn’t know. He said the NASD had no clue. Madoff stated that today, lots of trades are done off the books because people don’t know what to do with them’.

THE LIES, DUPLICITY AND SUBTELTY OF THESE REVELATIONS
Let’s take each of these assertions individually:

(1): ‘Madoff stated that he served on the committee as to who should register as Investment Advisers. He said that they were trying to get hedge funds to register, and stated that “nobody wants to register” because then, they would be subject to prosecution for fraud’.

Madoff served earlier as the Director of NASDAQ:
See Count One (Securities Fraud), Paragraph 3:
Complaint: United States of America vs. Bernard L. Madoff, Defendant: Violation of 15 U.S.C. Sections 78j (b), 78ff; 17 C.F.R. Section 240.10b-5: Approved by Marc Litt, Assistant United States Attorney, before: Honorable Douglas F. Eaton, United States Magistrate Judge, Southern District of New York: 08 MAG 2735: Filed at the US District Court on 11th December 2008 by Agent Theodore Cacioppi, Special Agent with the FBI:

Quote: ‘BERNARD L. MADOFF, the defendant, is a former Chairman of the Board of Directors of the NASDAQ stock market’ unquote [page 2 of Original, a copy of which we hold].

Therefore Bernard L. Madoff, by definition, was FULLY AU FAIT AT ALL TIMES with the 1933 and 1934 US Securities Acts and associated regulations governing the American Securities industry. In this passage he admits that the hedge funds, handling unregistered securities (viz., ‘structured products’) knew that they were all engaged in Fraudulent Finance operations but assumed that if they didn’t register with the SEC then they could remain ‘below the radar’ even though what they were doing was ILLEGAL. Because the 1933 and 1934 Acts don’t just apply to entities registered with the SEC: they apply generally, including to ALL HEDGE FUNDS.

SINCE MADOFF WOULD THUS HAVE BEEN FULLY AU FAIT AT ALL TIMES with the 1933 and 1934 US Securities Acts and associated regulations, IT SEEMS SUPERFLUOUS TO ADD HERE THAT THE SEC, NASDAQ and FINRA were and are equally au fait with the US Securities regulations. Yet this SEC document contains information implying that these regulators were just ignoring them.

(2): ‘Madoff stated that he’d heard that Merrill Lynch, Goldman Sachs, and Credit Suisse wouldn’t do business with him; however, he stated that David Kamansky (Merrill Lynch’s CEO), Dan Tully (the former Chairman and CEO, Merrill Lynch), and the Chairman of Morgan Stanley (he did not name John Mack) were clients of his’.

So, Madoff’s clients included:

• David Kamansky, CEO of Merrill Lynch,
one of George Bush Sr’s. preferred money-laundering outfits.

• Dan Tully, former chairman and CEO of Merrill Lynch, ditto.

• John Mack, head of Morgan Stanley.

But these three big noises were/are all in the SECURITIES BUSINESS, so they KNOW THE 1933 AND 1934 REGULATIONS INSIDE OUT. And therefore they know, for instance, that:

• OFF-BALANCE SHEET FUNDS CANNOT BE PLACED ONTO THE BOOKS, EVER. This is because, in the US Securities sector, it is mandatory for both SOURCE OF FUNDS and USE OF FUNDS to be specified. Otherwise the funds cannot be handled.

We therefore now ‘discover’ that the heads of Merrill Lynch and Morgan Stanley were knowingly engaged, according to this testimony, in CRIMINAL AND ILLEGAL FINANCIAL OPERATIONS that flew in the face of the US Rule of Law, and THAT THESE TRANSACTIONS were evidently WINKED AT by the regulatory authorities. And why would that have been the case?

• Answer: because the entire system had been corrupted from top to bottom by the Fraudulent Finance operations masterminded and controlled the US Intelligence Power’s Bush-Clinton-CIA-DVD Syndicate which was flouting US Securities regulations and representing that since the British and European jurisdictions didn’t require disclosure of source and use of funds, a veil could be drawn over the ‘anomalous’ US regulatory arrangements.

(3): ‘He stated that these people did business with him and did not think the returns of 10-12% were unusual. He stated that if you look at his strategy day-to-day, it would be “extremely volatile”, however, month-to-month it would show low volatility. He stated he would hold on to a loss until it became viable again, and that the strategy itself was real, “not that exotic”, and “not that unusual”’.

In other words, Kamansky, Tully and Mack were openly ignoring the PRUDENT MAN RULE and were profiteering from Madoff’s Ponzi operation, which, being highly sophisticated bankers, THEY MUST HAVE KNOWN was a gigantic Ponzi operation, as Madoff openly admits himself.

That meant that Bernard Madoff was stealing his clients’ capital, which is how Ponzi scams work. It is INCONCEIVABLE that these three named financiers did not know that the superior returns on offer from Madoff were anomalous and based on fraud.

(4): ‘Madoff noted that the industry is growing incredibly complicated. He gave the example of when his firm put up a credit default swap and didn’t know how to put it on the books. Madoff said he didn’t know, and it wasn’t in manuals, so he called [REDACTED: Personal Privacy]’.

‘He said [REDACTED] didn’t know, but conferenced in another industry person, who told him to put it in his London office books. He said he called Merrill Lynch, Lehman Bros, five firms in total, all of which didn’t know. He said the NASD had no clue. Madoff stated that today, lots of trades are done off the books because people don’t know what to do with them’.

THIS IS A PACK OF EGREGIOUS LIES. SPECIFICALLY:

• Someone in his firm didn’t know how to place a credit default swap onto the books.

Why was that? The statement presupposes that they knew full well, that because the securities transaction was off-balance sheet, it had to remain off-balance sheet for source and use of funds (Securities Acts) reasons, i.e. they knew that the transaction was illegal, which was why it couldn’t be placed onto the books.

• ‘Madoff said he didn’t know, and it wasn’t in manuals’: but he had served as the head of NASDAQ so he knew that the credit default swap, being off-balance sheet, could not be brought on balance-sheet without falling foul of the securities market regulations on which he had to be an expert; and that presupposes that he knew that the trade itself, being a security, was in any case illegal.

• We then have the charade that Madoff called someone whose identity is redacted for personal privacy reasons, ‘who told him to put it in his London office books’.

So, the former head of NASDAQ was baffled by what to do in these circumstances, when he, of all people, was steeped in knowledge of the 1933 and 1934 Securities Acts as ex-head of NASDAQ.

• We are then informed that five firms, including Merrill Lynch, the now defunct Lehman Bros and three other securities firms, and NASD had ‘no clue’ about what should be done and that ‘lots of trades are done off the books because people don’t know what to do with them’.

In other words, everybody’s doing it, no enforcement is taking place, everybody’s getting away with it, nobody’s paying their taxes, so it’s OK

And the reason that ‘lots of trades’ are done off the books is that the trades involve securities that are ILLEGAL. Given that these trades are illegal, their existence is by definition withheld from the Internal Revenue Service – compounding their illegality, so that the perpetrators are now engaged in the following crimes AND KNOW THAT THEY ARE ENGAGED IN THESE CRIMES:

• Fraudulent securities transactions.

• Tax evasion.

• Money laundering.

THE LIES THAT THE S.E.C IS ASKING US TO BELIEVE
We are being asked to believe that the former Chairman of NASDAQ, top Wall Street securities financiers, including Mr John Mack, US regulators and others HAD NO CLUE ABOUT THE U.S. SECURITIES ACTS AND COULDN’T HAVE CARED LESS ANYWAY. In other words, these parties were evidently indifferent to the prospect that an unknown number of US investors were being fleeced and pillaged and deprived of any possibility of retrieving their capital while being paid handsome returns (usually rolled over into the principal).

They were ‘IGNORANT’ of the fact that this operation represented a component of an orchestrated, officially condoned, foreign-inspired, Fifth Column-facilitated ransacking and systematic corruption of the US financial system for the purposes of self-enrichment and the satisfaction of a grotesque, avaricious lust for power.

And finally, given this ‘ignorance’, their arrogance was such that they NEVER IMAGINED THAT, SOONER OR LATER, the lid would blow off their dirty cauldron of iniquity, and that their criminal scamming and speculative Ponzi profiteering operations would be exposed and subjected to the glare of furious onlookers who are ready, RIGHT NOW, to skin these crooks alive and hang them from George Bush’s lamp posts.

YES, IT’S THE S.E.C. THAT HAS LEAKED THESE ADMISSIONS – ON PURPOSE
Observe, however, how this information has surfaced. It has been placed in the public domain by the United States Securities and Exchange Commission itself.

This is a very subtle SEC operation. Because Messrs Kamansky, Tully and Mack (who is leaving his post soon, according to reports) may doubtless conclude that they can DENY what Mr Bernard L. Madoff, a convicted felon, told the SEC Inspector General H. David Kotz and Deputy Inspector General Noelle Frangipane at around 3:00pm on 17th June 2009.

• They may assume that because Madoff is a convicted felon, they can refute what he says.

• That’s the whole point.

BUT what this official deliberate leak does is cynically and surreptitiously prepare the ground for a RENEWAL OF THE FRAUDULENT FINANCE CAROUSEL and a crude attempt – by devious means evidently encased within the agreements reached with China and other parties, including Germany and the European Union (a vast prospective money-laundering sink, as it is institutionally corrupt, while the European Commission is itself an egregious criminal enterprise given that its accounts have been disapproved by the EU’s own Court of Auditors for the past 14 years) – to engineer the placement of the off-balance sheet, untaxed accruals onto the balance sheet ‘below the radar’.

THE BRITISH MONARCHICAL POWER NEEDS TO BEWARE
If this is indeed the case, the British Monarchical Power – which, in collaboration with the Chinese and Swiss authorities concerned, has spearheaded the necessary enforcement and resolution of this crisis – needs to consider that the agreed-upon, on-the-books, taxable US Dollar Refunding Programme, which will be delivering CLEAN, TAXED MONEY into the British and US systems, will STILL be competing with dirty off-balance sheet money because, judging by what we can deduce from available partial information, some compromise or other has been reached which does NOT eradicate the scourge of criminal Fraudulent Finance.

• SO WE ASK THE QUESTION:
WHO, EXACTLY, IS WATCHING AND VERIFYING THE TRANSPARENCY OF THE OFF-BALANCE SHEET TRANSACTIONS THAT ARE CURRENTLY HAPPENING?

• IT NEEDS TO BE UNDERSTOOD AT THE HIGHEST LEVEL IN THE UNITED KINGDOM THAT NONE OF THESE SIGNATORIES CAN BE TRUSTED. We smell a huge, foul-stinking rat. It is VERY LIKELY that the agreements mask a cynical intention, and a mechanism, for the proliferation of off-balance sheet transactions (a) through the corrupt Treasury and Federal Reserve in the United States, and (b) outside the United States – in which case CONTROL OF THE NEW SYSTEM HAS BEEN LOST BEFORE IT HAS EVEN STARTED UP, WHICH WOULD MEAN IN TURN THAT:

• FUNDS COMMITTED FOR SUCH OPERATIONS AS THE REFUNDING PROGRAMME COULD BE COMPROMISED IF THESE PEOPLE ENGINEER THE POLLUTION OF ON-BALANCE SHEET, TAXABLE OPERATIONS, WITH TAINTED MONIES LAUNDERED AS CONTEMPLATED.

• WE REPEAT: NONE OF THESE PEOPLE CAN EVER BE TRUSTED. They don’t reach agreements unless they can exploit them for their own nefarious purposes, and turn on the parties with whom agreements have been reached. They are LENINISTS.

They operate on the basis that it is permissible AT ALL TIMES to renege on ALL UNDERTAKINGS: which is identical to George Bush Sr.’s standard ‘BAIT AND SWITCH’ TECHNIQUE.

WHERE IS THE VERIFIABLE ENFORCEMENT OF TRANSPARENCY?
You are dealing with a bunch of crooks: the most dangerous financial fraudsters and gangsters in the world. THERE MUST BE VERIFIABLE ENFORCEMENT OF TRANSPARENCY. We cannot see any sign of verifiable enforcement of transparency.

• Otherwise the entire operation will collapse. It will all be over very quickly and good money allocated for noble purposes will be degraded, polluted and devalued, as in Wiemar Germany’s HYPERINFLATION. Complacent talk by economic gurus who HAVEN’T BEEN FOLLOWING THE REAL ACTION to the effect that hyperinflation is out of the question, is BUNK.

• WE HAVE TO HAVE CAST-IRON GUARANTEES OF TRANSPARENCY RIGHT ACROSS THE BOARD. Every single dollar must be accounted for, and available for taxation when emerging as profit. We cannot see ANY SIGN of the necessary guarantees of such transparency.

As we pointed out earlier, YOU CANNOT REACH AGREEMENTS WITH SERPENTS. Sooner or later they turn and bite you. It is universally understood that the King of Serpents, George H. W. D. V. D. Bush, double-crosses every single party and counterparty that he deals with. That is his standard modus operandi: it’s called ‘bait and switch’. At the moment, we don’t know what compromise has been reached in order for the world to ‘move forward’ out of this crisis environment, although we DO know that the Dollar Refunding Programme, as presented, will proceed.

THIS IS BECAUSE THE PRIVATE SECTOR GENERATES TAXABLE REVENUE, WHEREAS THE GOVERNMENT SECTOR CAN ONLY GENERATE DEBT.

• FACT: We happen to know that after the foregoing assessments were being developed on 2nd November 2009, amid the usual illegal eavesdropping by GCHQ, Munich, French Intelligence, the Israelis and the rest, considerable annoyance was later expressed in certain quarters: INDICATING THAT OUR ASSESSMENT THAT THIS AGREEMENT CONTAINS A SET-UP TRAP IS CORRECT.

THE REALITIES THAT CANNOT (BUT WILL BE) SIDESTEPPED
No doubt diplomats and others will rationalise what has been agreed as ‘the only practical way forward’, in the circumstances. To which we reply as follows:

• Irrespective of the circumstances, it is unconscionable for so-called ‘civilised’ governments to be engaged in drug-running and war profiteering, at the expense not only of the young military lives being lost in these collectivised wars, but of the millions of victims of drug addiction brought about by the SUPPLY of drugs onto the street (given that demand for drugs is driven by supply, not the other way round). Those responsible for formulating and implementing this policy are criminals and should be treated as such.

• Irrespective of the circumstances, a financial system which depends upon drug-trafficking proceeds for the liquidity of the interbank market is a satanic black hole that requires immediate reform and stringent regulation and control – contrary to the permissive prognostications of snake-oil salesmen like Lord Griffiths of Fforestfach, a Vice President of Goldman Sachs London, who pronounced the other day that we should put up with the obscene rewards paid to speculators at Goldman Sachs, as this benefited the general economy. (Many years ago, Brian Griffiths may have thought that writing articles for International Currency Review would help him further his career).

• Irrespective of the circumstances, the US Securities Acts of 1933 and 1934, which were formulated in order to protect investors from ‘boiler room’ and Ponzi scams, preclude ALL off-balance sheet transactions in the US system, so that ANY such trades are and will remain illegal.

• Irrespective of the consequences, the cancer inside the US financial and official structures arising from the corruption originating with the Bush Syndicate (Octopus) and the penetration of and stranglehold within the Intelligence Power by the pan-German Fifth Column protected by the German Chancellor, Frau Angela Merkel (a known STASI operative and the former Secretary of the Agitation and Propaganda Department of the Young Communists at Marx-Lenin University), needs to be expunged from the system. There is no sign of this happening on the scale that is required, despite the almost daily lengthening of our In Memoriam Listing [see report 18th October 2009].

• Irrespective of the circumstances, ALL those officials in government and within the corrupt financial enterprises and the regulatory structures who have participated in and facilitated or condoned the flouting of the US Rule of Law, should be brought to justice, however high up the greasy pole they operate. Be they ever so high, the law is above them.

MEETINGS OF COMPROMISED OPERATIVES AT THE WHITE HOUSE
According to details released by the White House Press Secretary Robert Gibbs on C-SPAN [30th October], on Tuesday 3rd November, Mr Obama was to receive Chancellor Angela Merkel in the morning, and the following key figures in the afternoon: the Swedish Prime Minister and current President of The European Union Collective, Mr Reinfeld; the EU High Representative, Xavier Solana; and Jose Manual Barroso the President of the institutionally corrupt criminal enterprise called the European Commission. These operatives’ signatures will have been needed to clinch the Settlements compromise agreements (that were being sabotaged in Germany by Bush Sr.).

Mr Reinfeld, however, was seen being welcomed to the White House on Monday, so something went wrong with Mr Gibbs’s publicised schedule, or the information contained therein was either deliberately or unintentionally inaccurate.

PRESIDENT OBAMA’S SUDDEN VISIT TO WISCONSIN: ‘DECOMMISSIONING’ OF WANTA
On Wednesday, President Obama was scheduled to translate himself, all of a sudden, to Madison, Wisconsin. This city is little over an hour’s drive from Eau Claire, which in turn is not far from where Leo/Lee Wanta has resided. This man is not an Ambassador for The Principality of Snake Hill, which we have demonstrated of course does not exist. His claim to an Ambassadorship from a defunct Somali Government following a ceremony in Paris with Alain Juppe likewise lacks substance as it would have needed to have been renewed by subsequent Somali Governments.

This former master of deception (who has lost his touch) obtained his original commission directly from President Reagan; so it can only be RESCINDED by the President of the United States.

We therefore speculate that the real purpose of President Obama’s Wisconsin trip may be to RESCIND Wanta’s Reagan commission on the basis of a Presidential Directive, and to obtain Mr Wanta’s signature on documents in accordance with that Directive. In theory, one could travel to observe the Presidential motorcade arriving for this purpose.

However the terrain is unfriendly, consisting of a heavily wooded environment which presents obvious dangers, even for a veteran investigative journalist used to adventures of this nature.

• MIDNIGHT: We have just been authoritatively informed that the above analysis is ABSOLUTELY ACCURATE. When first formulated, we were going to treat this analysis as speculative: but it has been confirmed. Wanta is to be DECOMMISSIONED by the President of the United States on the basis of a new PRESIDENTIAL DIRECTIVE delivered PERSONALLY BY PRESIDENT OBAMA, with immediate effect. Therefore, all the nonsense being pumped out about him by the operative Tom Heneghan collapses in a heap of drivel and dust, likewise with immediate effect.

• On a minor note, as previously reported, Robert Gibbs told C-SPAN that the purpose of Obama’s trip to Wisconsin was to ‘discuss the strengthening of America’s education system’.

So we now know (not that we ever didn’t) that White House Press Secretaries LIE TO THE MEDIA. What else is new?

THE EUROPEAN COMMISSION IS A CRIMINAL ENTERPRISE
As previously reported, the Editor told a large London audience at a conference organised by the Constitution Group in Friends Hall, Euston, on Saturday 31st October, that Mr Geza Novacs, of the EU’s Court of Auditors, has reconfirmed specifically to us what of course is general knowledge anyway, namely that the accounts of the European Commission have been disapproved by the Court of Auditors for the past 14 years running.

The Editor pointed out that in order for the EC’s accounts to become valid, it will be necessary for a team of auditors to go back for 15 years, to the last set of accounts that was approved, and to work forward, analysing each transaction in each year, identifying fraudulent transactions, arranging for the perpetrators to be arrested, charged and prosecuted, and for each successive year’s accounts to be subjected to an analysis along these lines, progressing from year to year, to the present.

Since this will and can never happen, the European Commission’s status as a criminal enterprise IN PERPETUITY is confirmed. Little José Manuel Barroso, the EC President, therefore presides over a criminal enterprise, which means that he is himself complicit in criminal financial transactions.

He is engaged in the subversion of the Rule of Law and is a co-conspirator in the conduct of Fraudulent Finance. which does not appear to bother him in the slightest.

In an ideal world, President Obama should remind him of these realities: whereas of course, since Mr Obama has himself presided over criminal fraud and terrorist financing in time of war, he is just as compromised as the reportedly paedophile President of the European Commission.

In his speech in London, the Editor drew attention to the following exchange between Mr Paul Craig, a senior official at the UK Serious Fraud Office (SFO) that took place in June 2009 when the former MEP for Southeast England, Ashley Mote, attended at his request at the SFO to discuss cases of fraud involving UK-based suppliers and the institutionally corrupt European Commission:

ASHLEY MOTE: Have I been wasting my time here today?

PAUL CRAIG: No.

ASHLEY MOTE: Is it a criminal offence to pass public money
to an organization known to be corrupt?

PAUL CRAIG: Yes.

BRITISH GOVERNMENT KNOWINGLY ENGAGED IN CRIMINAL DIVERSION OF TAX MONIES
It therefore follows that the British Government is engaged in CRIMINAL CONDUCT in channelling British taxpayer monies into the hands of the European Commission. It further follows that ALL so-called EU ‘Member States’ are similarly engaged in such criminal conduct. Moreover all relevant authorities in all the EU countries are KNOWINGLY so engaged, as ALL the EU Governments have access to legal advice which cannot diverge from the categorical statement made by Paul Craig of the British Serious Fraud Office last June in London, to Ashley Mote MEP.

Finally, the Editor presented his audience with the solution. All VAT monies should be diverted forthwith into a special account with the British Treasury. When Brussels starts to complain, the British authorities could deliver a sharp diplomatic Note to the Commission pointing out that Her Majesty’s Government has been advised, and has concluded, that it is illegal for it to pay British taxpayer funds into the hands of a criminal enterprise, in this case the European Commission. The British Government could add that so far as it is concerned, Brussels’ accounts must be reworked back from 15 years to the satisfaction of London, and that it reserves the right to annexe British VAT accruals to the Treasury in perpetuity.

This is the kind of action that will make the Brussels head of the serpent sit up and take notice.

Similarly drastic action NEEDS to be taken by the COMPLACENT AND COMPROMISED U.S. REGULATORY AUTHORITIES AND LAW ENFORCEMENT to reassert the Rule of Law and to do so relentlessly in the securities sector until these evils are stamped out for good.

• And the war to control drugs so as to exploit the proceeds of this satanic, murderous activity MUST BE TERMINATED IMMEDIATELY.

In the absence of clearly emphatic initiatives as decisive as these, the selfish, amoral, complacent, arrogant and decadent, paedophile-ridden, self-appointed globalist élite will discover, sooner than they may think, that guns ARE being primed and removed from attics, the word ‘decapitation’ will cease to be academic, and George Bush Sr.’s notorious lamp posts will finally be put into service.

• UPDATE: ANOTHER FULFORD FABRICATION: This notorious disinformation operative based in Japan appears to specialise in fabrications of his own invention. After asserting more or less that the British Head of State telephones this Editor and tells him who to attack, Fulford’s latest childish connipition is the fabrication that Michael C. Cottrell is an MI-6 agent. They used to say that about the Editor of this service, until the stupid, ignorant lie could no longer be sustained.

Now the description has migrated to Mr Cottrell. This reflects crass ignorance about, and a lack of research into , this US securtities expert’s background. Obviously whatever disciplines Fulford was used to at Forbes, never rubbed off on him, whereas too much sake has indeed taken its toll.

• It is interesting to observe what happens when such disinformation operatives and mischievous websites are confronted, instead of being meekly agreed with. Normally what happens is that their true allegiance emerges, if it has been hidden from view. That’s what’s happening ‘as we speak’.

• The Editor’s analysis of the methodology used against targets by US operatives is being updated and will be published at a suitable juncture. In recent weeks, more familiar techniques have come to light, and these are being added to the draft. In other words, the Editor will be in a position to provide you with a profile of typical attributes and a checklist of techniques used by these people to deceive and ensnare their targets in accordance with their handlers’ instructions.

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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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.

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BERNANKE PERSONALLY BLOCKING THE U.S. PAYOUTS

NEW YORK FED’S $500 TRILLION DERIVATIVES ‘BLACK HOLE’ IS EXPOSED

Sunday 6 September 2009 20:00

• ALL OFF-BALANCE SHEET FUNDS ARE ‘FROZEN’

• BERNANKE AND GEITHNER HAVE BEEN TAKING ORDERS FROM BUSH SR.

• UPDATE, 11 SEPTEMBER 2009:
IT HAS BEEN INACCURATELY ASSERTED ON ANOTHER WEBSITE THAT THE EDITOR PAID FOR WANTA’S RELEASE FROM JAIL. THIS IS AN OLD C.I.A. LIE WHICH HAS BEEN PROMULGATED FOR TWO YEARS OR MORE. The Editor did NOT procure Mr Wanta’s release from jail which of course is impossible. The Editor loaned Leo/Lee Wanta $35,000 for two years on an arms’-length basis at 7% compound per annum, effective 10th June 2005 and repayable on 11th June 2007.

• He did not repay the Editor’s $35,000. He has STOLEN THE EDITOR’S LOAN FUNDS.

The purpose of the loan was to settle Court ‘Restitution’ plus fees in respect mainly of State Tax of $14,129 plus interest that Wanta had already paid twice, in May and June 1992 (we hold copies of the relevant transaction documents). The Editor’s private loan funds paid this tax bill for the THIRD time. Full details of this scandal were exposed in our final report on that subject, dated 6th August 2007 [see Archive]. But that is NOT the main point of this insert, necessitated by the repetition of this old C.I.A. LIE, exploiting the timing of the loan. The LIE masks a colossal hornets’ nest of evil.

The main point is as follows. The subtle C.I.A.-originated LIE that the Editor paid for Wanta’s release from PRISON presupposes (deceitfully) that Wanta was released in 2005 WHICH IS NOT TRUE. On the contrary, Wanta was released from jail eight or ten days after 9/11 (on 19th or 21st September 2001). But by reiterating that the Editor’s funds procured Wanta’s release from JAIL, the FALSE impression is given that Wanta emerged from U.S. prison FOUR YEARS after 9/11: A FABRICATION.

Wanta was collected from jail shortly after 9/11 by Gerald Salchert, resident in the United States, of Austrian extraction, and taken to the home of a relative in Wisconsin.

WHY would the C.I.A. promulgate this LIE (and we will explain later WHO started this LIE)? In order to answer that question you need to be aware of the real reason Wanta was held in jail during the run-up to 9/11. The reason is that, since Wanta had been scammed and badly treated (which maybe he deserved: but that’s a separate point), the C.I.A. had concerns that he might divulge the 9/11 plans AHEAD OF THE ABOMINATION. So they held him incarcerated until afterwards.

• What does this tell you? Work it out for yourself! Mr Wanta KNEW ABOUT 9/11 IN ADVANCE of the event, and they had to make sure that he didn’t spill the beans because of his dissatisfaction at the way he had been treated. SO THEY HAVE EXPLOITED THE DATE OF THE EDITOR’S LOAN PAYMENT, WHICH OBTAINED WANTA’S EXIT FROM PROBATION (gaining him five years and two weeks, to be precise, as his scheduled probation end-date had been 28th November 2010), TO COVER UP THE FACT, EXPOSED BY THIS LIE, THAT THE C.I.A. AND THE U.S. GOVERNMENT KNEW ALL ABOUT 9/11 BEFORE IT HAPPENED. Because as Leo/Lee Wanta, who worked for the Government and the Bush Crime Syndicate, knew about 9/ 11 BEFORE the event, SO DID THE U.S. GOVERNMENT and the C.I.A. If you think this is DYNAMITE, you are 100% ACCURATE.

• OUR CAMPAIGN AGAINST THE STEALING OF OUR PUBLISHED WORKS AND BREACH OF
COPYRIGHT, AN OPERATION ORCHESTRATED BY THE C.I.A. TO ENTICE US INTO LITIGATION:

• On the morning of Monday 7th September, one of our associates walked into the offices of an operation in Utrecht, Netherlands, that had been engaged in the illegal stealing of the Editor’s work, published by Edward Harle Limited, entitled The New Underworld Order, which can ONLY be obtained legally direct from our London and New York offices and via this website [books section].

• Well over 10,000 copies of our book had been illegally stolen (downloaded) from mininova.com. The image of the book displayed on that website was cropped so that the ISBN ref: 1-899798-05-6 had been cut away, while the copyright page [page iv] was MISSING, indicating with crystal clarity that all concerned were fully aware that this represented a grievous copyright breach.

• Furthermore, the download text (of which we retain a complete paper copy and a pdf) was ADULTERATED. Confronted by our associate with a copy of the book, showing the cover and the copyright page, the Dutch perpetrators removed our book from their website immediately, thereby acknowledging the theft. The site in question deceitfully boasts that no material on their platform is copyright material, which is a brazen lie. We have other measures in store for this operation.

• Our associate rang the bell, knocked at the door, and then tapped at the window, in office hours. Personnel refused to let him into the building, but instead exited the front door and spoke to him in the street. Our associate showed our book to the two people who had emerged from the building, indicating that the front cover as shown on their website excluded the ISBN reference, and then opened the book at the copyright page. The personnel behaved in a somewhat shifty and rather insolent manner, accepted that they were in grievous breach of copyright, then retreated into the building, and proceeded to remove the adulterated version of The New Underworld Order from their website. By discourteously not allowing our associate to enter the building, they inadertently confirmed that the operation is an intelligence front. Very shabby, second rate tradecraft.

• A similar crooked entity in the Geneva area in Switzerland has stolen nearly 1,300 copies of our work, The Perestroika Deception, by the Soviet defector, Anatoliy Golitsyn, edited by Christopher Story, in which we hold world rights. The copyright belongs to Anatoliy Golitsyn. There will be repercussions from these brazen revolutionary thefts of the intellectual property of others.

• This places perpetratrors of these wanton thefts, which are designed to put smaller publishers out of business so that only the doctored, ‘politically correct’ ‘line’ on any sensitive subject stays in the public domain, on notice that we will take UNCONVENTIONAL MEASURES to close down this impertinent menace so far as we are concerned, and that we will make sure that perpetrators are shamed and named by all means at our disposal. As for the US Intelligence Power, you are also placed on notice that we will expose your dirty tricks and your snide attempts to inveigle us into financially destructive litigation. Your dirty tricks stink in the nostrils of the whole world.

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.

‘WE’LL KNOW OUR DISINFORMATION PROGRAM IS COMPLETE WHEN EVERYTHING THE AMERICAN PUBLIC BELIEVES IS FALSE’: William Casey, Director of Central Intelligence: An observation by the late Director at his first staff meeting in 1981. This observation reveals the mentality of cynicism which infests the US Federal control structures, and the reality that these structures regard the American people with total contempt. This attitude is the opposite to the noble concept of service to the American people which ought to inspire holders of public office, and therefore represents the epitome of decadence.

The evil spirit directing William Casey got the better of him when he committed suicide in hospital some years later, ostensibly to ‘protect the President’. The fantastic verbal fantasies perpetrated on certain US websites that are operating on the basis of Mr Casey’s principle, enunciated above, should therefore be handled with extreme care. Casey warned you!

HOW TO HANDLE OUR KNOWLEDGE OF THESE EVIL PEOPLE
‘Fret not thyself because of evil-doers, neither be thou envious against the workers of iniquity.
For they shall soon be cut down like the grass, and wither as the green herb’.
Psalm 37, verses 1 and 2.

‘The wicked plotteth against the just, and gnasheth upon him with his teeth. The Lord shall laugh at him: for he seeth that his day is coming. The wicked have drawn out the sword, and have bent their bow, to cast down the poor and needy, and to slay such as be of upright conversation. Their sword shall enter into their own heart, and their bows shall be broken’. Psalm 27, verses 12-15.

‘I have seen the wicked in great power, and spreading himself like a green bay tree. Yet he passed away, and lo, he was not; yea, I sought him, but he could not be found’. Psalm 37, verses 35-36.

‘The transgressors shall be destroyed together; the end of the wicked shall be cut off. But the salvation of the righteous is of the Lord; he is their strength in the time of trouble. And the Lord shall help them, and deliver them; he shall deliver them from the wicked, and save them, because they trust in Him’. Psalm 37, verses 38-40.

JAMES THE BROTHER OF JESUS ON FINANCIAL FRAUD:
‘Go to now, ye rich men, weep and howl for your miseries that shall come upon you.

Your riches are corrupted, and your garments are motheaten.

Your gold and silver is cankered; and the rust of them shall be a witness against you, and shall eat your flesh as it were fire. Ye have heaped treasure together for the last days.

Behold, the hire of the labourers who have reaped down your fields, which is of you kept back by FRAUD, crieth; and the cries of them which have reaped are entered into the ears of the Lord….

Ye have lived in pleasure on the earth, and been wanton; ye have nourished your hearts, as in a day of slaughter. Ye have condemned and killed the just; and he doth not resist you’.
James, Chapter 5, verses 1-6.

• TWO IMPORTANT CONSEQUENCES FROM THE LATEST SABOTAGE

• BUSH SR. ET AL SUDDENLY REALISED DERIVATIVES ARE WORTH ZILCH

• GEORGE BUSH SR. NEEDED TO BE REMOVED AT ONCE

• 285 PROMINENT PEOPLE TO BE ARRESTED ‘BEFORE CHRISTMAS’

• SOME POSSIBLY RELATED SEPTEMBER DATES

• CHINESE MOVE TO IMMOBILISE THE DERIVATIVES SECTOR

• MEANWHILE GEITHNER CARRIES ON PROMOTING DERIVATIVES

• THE EUROPEAN COMMISSION IS A CRIMINAL ENTERPRISE

• FINANCIAL TIMES MINDLESSLY SUPPORTS GEITHNER’S DOOMED CAMPAIGN

• GEITHNER’S DECEITFUL DEMARCHE TO THE G-20

• TREASURY SECRETARY IS WHISTLING IN THE WIND

• SWISS PRIVATE BANK TELLS CLIENTS TO SELL U.S. ASSETS

• CIA NEVER MAKES MISTAKES, SO HOW CAN IT LEARN FROM THEM?

• PRESIDENTS 42 AND 43 FLY TO TORONTO AFTER THE FUNERAL

• THE REASON BUSH SR. DIDN’T APPEAR IN THE BASILICA

• NO SPLIT: JUST A NEW CORRUPTION ‘OPPORTUNITY’

• SCANDALOUS SITUATION AT THE WORLD COURT

• CANADA SUDDENLY POSTS US$-DENOMINATED BOND SALE

• UNITED ARAB EMIRATES TO KINDLY OBLIGE, AS WELL

• NEW YORK FED HAS A $500 TRILLION ‘BLACK HOLE’

• MORE BELATED CHINESE MEASURES AGAINST FRAUDULENT FINANCE

• ORIGINAL THEFT OF DELMARVA TIMBER TRUST ASSETS

• DESPITE THIS CRISIS, BERNANKE WAS BLOCKING THE PAYOUTS

• CIA-PRESIDENT OBAMA IN SECRET CAHOOTS WITH BERNANKE

• POOR BERNANKE A VICTIM OF IDENTITY FRAUD

• FED IS (WAS) NO-GO AREA FOR U.S. LAW ENFORCEMENT CADRES

• BARNEY FRANK BELATEDLY CALLS FOR THE FED TO BE AUDITED

•‘EXTRAORDINARY RENDITION’ OF TOP CRIMINALS REQUIRED

• LIBYAN CONTROVERSY IS A U.S. FALSE FLAG OPERATION

• DAVID RIFKIN, A U.S. SCUMBAG, LECTURES US ON THE BBC

• THE CHENEY OIL OPERATION IN LIBYA

• BRITISH SIMPLY TOOK A LEAF OUT OF THE U.S. BOOK

• CHENEY TRYING TO DESTROY U.S.-UK COOPERATION

• THE UNANSWERED AFGHANISTAN QUESTION JUST GOT NASTIER

• INSPIRING EXAMPLE SET BY THE MAYOR OF DONCASTER

• BRITISH MINISTRY OF DEFENCE IS BETRAYING THE PEOPLE

• A GLIMPSE OF REVOLUTIONARY REALITY IN THE BURMA CONTEXT

• BUSH PUSHED WAY BEYOND CO-CONSPIRATORS’ TOLERANCE

• SATAN WAS NOT CALLED THE SERPENT FOR NOTHING

• THE SERPENT IS A DISCIPLE OF LENIN [or rather, vice versa]

• TAKEN BY SURPRISE, THE SERPENT COULDN’T ORGANISE ITS OWN DEFENCE

• NO ‘GUTS’ ARE NEEDED! JUST DO IT!!

• WHEN WE STAND UP TO THEM, THEY ‘FALL BACK TO THE GROUND’

• INTERNATIONAL CURRENCY REVIEW: Volume 34, Numbers 3 & 4 was published on 14th August and was being mailed worldwide on Monday 17th August 2009. It contains our devastating blow-by-blow reporting of astonishing behind-the-scenes events tearing the lawless intergovernmental environment apart, where anything goes, assets are ‘diverted’, and no-one is responsible.

However, as a specific consequence of these exposures, the net is decisively closing in on ALL criminalist financial operators, both within notorious official structures and in the international financial community, as is becoming clearer by the day. This 592-page report on what has been happening behind the scenes is now being lodged in places ‘where it matters’ around the world, which means that it is impossible for a veil to be drawn over this financial criminality, EVER.

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

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

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

• The Editor’s $35,000 Wanta bail-out LOAN money plus interest has been stolen. This has not been denied for all the time that this true statement has been posted at this location! Wunderbar!

• 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 foot of this report, below the legal data. See also our catalogue by clicking on World Reports Limited and scrolling down to the bottom.

• COPYRIGHT NOTICE REFERENCING THE STEALING OF OUR COPYRIGHTED BOOKS BY U.S. COPYRIGHT PIRATES APPEARS AT FOOT OF THIS REPORT ABOVE THE LEGAL DEFINITIONS.

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 AND NOTES START HERE:

• NOTE:
This report covers developments and intelligence sifted up to a cut-off point of Thursday evening UK time, 3rd September 2009. THE U.S.-RELATED SEGMENTS ARE OUT OF DATE. We regret that, due to ‘the unfolding of events’ [Lenin: see Note (8) below] we cannot update beyond the cut-off time and neither can we comment any further for a number of days ahead. The narrative should be considered solely as ‘informed background’. The segment originally prepared for posting on 2nd September is clearly indicated. In some contexts, the tenses employed have not been altered.

• LEO WANTA: For the past several months or so, Wanta has been residing in a ‘safe house’ and has not continued in the residence of a family member. This confirmed development throws our earlier observations of the legal bind he was in due to his presence in Wisconsin, up in the air: and one reason for the move may precisely have been to address those issues.

Additionally, a number of wholly inconsequential ‘postings’ mentioning or attributed to Wanta which have appeared on one or more other websites, have represented elements of a ruse to throw sand in the faces of ‘the curious’. Their purpose will have been to provide a modicum of ‘continuity’ and to throw ‘the curious’ off the scent.

It remains a fact that the Editor’s $35,000 loan plus interest has been stolen. A letter from Leo Wanta indicating that he could not pay for the time being, due to his circumstances, would have sufficed to alleviate matters in the interim, but this was not forthcoming.

It would be no excuse at this late stage to say that he could not place such a matter in writing, since we hold a large library of undertakings that he has placed in writing, together with detailed faxed instructions to the Editor of this service. If he has been taken to a ‘safe house’ to hide him from the legal consequences of his theft(s), that could be construed as a provocative slap in the face of the Editor. But of course there are other, more pressing, reasons, no doubt.

The overall intelligence community lesson to be learned from this is that if intelligence operatives are going to interface with real investigative journalists, they had better not engage in tradecraft deception, or the likelihood will be that roadside timebombs will blow up in their faces.

• Put more succinctly: DO NOT PRESUME YOU CAN HOODWINK ALL THE PRESS ALL OF THE TIME. And surely, it should be obvious, now that Herr Bush Sr. is discredited, that the ‘bait and switch’ and ‘double-cross’ deception techniques, extensively publicised here, when deployed against journalists, are thoroughly discredited and past their sell-by date, as well.

• MEMORANDUM TO THOSE WHO TRIED TO DISCREDIT THE EDITOR VIA GORDON THOMAS, ‘THE VISITOR’ AND DASTYCH: These sordid techniques cannot be relied upon to deliver the anticipated results, since not everybody responds in textbook fashion to threats. At the latest count, the Editor had received 28 threats.

• A history of the deceptions perpetrated against the Editor is pending.

ALL OFF-BALANCE SHEET FUNDS ARE ‘FROZEN’
Following the ‘lockdown’ of the $14+ trillion of REAL on-the-books funds, including the previously referenced $6.2 trillion of LOAN money, on 10-12 September 2008, all off-balance sheet funds, the source of which cannot be identified, have been totally frozen and cannot be brought back onto the balance sheet. The CEO of Alchemy Partners, Jon Moulton, has now ‘jumped’ because of this.

Once the overdue Settlement payments in the United States have been unblocked by Dr Ben Bernanke, the Chairman of the Federal Reserve, and Timothy Geithner, the US Treasury Secretary, both the US Treasury and the Federal Reserve will cease to exist in the format to which they and the world are accustomed, as they will necessarily be Basel-II (and Basel-III) compliant, which will mean that the most important question in the world – ‘What is the source of funds?’ – will govern ALL FINANCIAL TRANSACTIONS. The dual system, with separate sets of books, will collapse.

The crisis has therefore reflected the ruthless determination of a handful of criminal US finance operatives, headed of late by Bernanke and Geithner, taking orders from Bush Sr., to defy the wishes of the international community by blocking the US dimension of the Settlement payouts in order to sustain this double-minded, corrupt system of ‘two sets of books’ that is collapsing.

BERNANKE AND GEITHNER WERE TAKING ORDERS FROM BUSH SR.
According to our sources, these two US criminal finance operatives were still interfering with the payments during the period of 48 hours when we held back a report prepared for posting effective 2nd September. It has been suggested by some that we made a mistake by announcing this fact, as our brief statement signifying the postponement was initially claimed to have been exploited by the criminal finance cadres to obfuscate the situation temporarily, to what they considered to be their advantage. On the other hand, we also received support for this action, as is typified by the rather flattering email reproduced in Note (1) and posted on another website.

• In any case, the final outcome shows that our judgment was in fact correct.

TWO IMPORTANT CONSEQUENCES OF THE LAST SABOTAGE
Nothing of significance had been lost because not only was it obvious from other evidence that the payout last week was about to be sabotaged anyway, but this episode did achieve the following outcomes, so we are informed:

• It decisively flushed out George H. W. D. V. D. Bush Sr. as issuing demands, instructions and physical threats to unnamed personnel, requiring them to sustain the sabotage operation.

Our information is that these threats were of a PHYSICAL nature – a quite interesting development, since this revealed that Bush Sr. HAD NO FINANCIAL LEVERAGE ANY MORE (for bribes), which we know to be the case. So he was forced to resort to barefaced murder threats instead.

• We are informed that certain parties have FINALLY, at long last, UNDERSTOOD, that one cannot reach any agreements or understandings AT ALL with serpents [see text at the foot of this report]. Quite astonishingly, we were told on 4th September that certain US personnel who ought to have found this out years ago, were at last obliged to acknowledge that one cannot negotiate with these people and that they need to be removed from the scene.

Hard though it may be for rational observers to comprehend, what we and others have recognised almost since the beginning, has ONLY NOW become apparent to the US cadres we are obliquely referring to here – as a DIRECT consequence of the sabotage operation perpetuated by Bernanke and Geithner and ordered by Bush Sr., which messed up the Settlements payments that were ready to go as of 1:00pm Eastern Daylight Time On Wednesday 2nd September 2009.

BUSH SR. ET AL SUDDENLY REALISED THE DERIVATIVES ARE WORTH ZILCH
Apparently this development was attributable, sources say, to the fact that certain fools stupidly offered Bush Sr. 2% (alternatively stated to be 2.5%) of some unquantified derivatives aggregate, which the serpent ‘turned down’. What all concerned appear not to have understood is that 2.0% or 2.5% of zero equals zero. Therefore, farcically, Bush Sr. actually turned down nothing. It was at this point that Bush Sr. appears to have realised that the Fraudulent Finance derivatives ‘assets’ are immobilised and de facto locked out of the on-the-books financial economy. Apparently when that happened, scales fell off certain previously blinded cadres’ eyes, and, at half past midnight, they realised that ‘one cannot reach agreement with serpents’. Quite why they couldn’t see that obvious fact when you and this Editor saw it years ago, is not explained. (Presumably it reflects the fact that some were corrupted and hoping to cut deals out of the funny money for themselves).

In this connection, certain sources advised us that, notwithstanding the above, ‘Bush Sr. is out of the picture’ – which is true; and yet, he was reported to us last week to have been issuing physical threats of liquidation, intimidating officials and bankers, and influencing the deception operations presided over by Bernanke and Geithner, whose ever more eccentric public statements continued to purport to assume that the off-balance sheet world could be restored to its former fraudulent glory – the current focus being on removing the infuriating British from all positions of influence and power as quickly as possible, and packing the international forums that matter with corrupt Third World operatives who can be relied upon to do what the US criminal financiers require.

[This plot is about to falter, too].

GEORGE BUSH SR. NEEDED TO BE REMOVED AT ONCE
Given this background, we were specifically asked last week to state that George Bush Sr. needed to be removed from the scene completely and IMMEDIATELY, not least given that his vituperative threats of murder which were reportedly being sprayed all over the place, were liable to lead to his arrest for uttering threats over the phone, which is a Federal offence (2) .

• Moreover we felt that the British Monarchical Power had every right, and should now proceed, to take the necessary drastic action against George H. W. D. V. D. Bush Sr. and the other American and UK financial terrorists, without further ado.

Hitherto no-one in the United States appears to have had the guts to do this. But this serpent is FINISHED, except that he appeared as late as last week STILL to have been able to interfere with the Settlements. It was being pointed out to us that Americans operate 800 bases around the world financed by funny money, and flaunt themselves as the big, most powerful military machine on the block: yet their cowardice HAS DISGUSTED the whole world because they appear to be so corrupt and compromised that they lack the guts to stamp on the head of this serpent.

That the serpent’s head has to be crushed is universally recognised AND IT MUST HAPPEN NOW, with no further feeble, pathetic prevarication indicative of inner rottenness and weakness – a state of affairs that is simply reinforcing international perceptions, where it matters, of the United States as an internally depraved pariah state.

Indeed we were advised by sources with European connections that this latest sabotage of the Settlements was likely to trigger an operation ‘to “hit” the Obama/Bush cartel if we aren’t paid tomorrow’ [email from an informed source, at 6:01pm UK time on Thursday 3rd September] (3) .

285 PROMINENT FIGURES TO BE ARRESTED
Another usually well-informed source (US) advised us on 4th September that ‘all 285 people’ who have been engaged in this criminal finance sabotage to block the payouts and associated matters concerning immense corruption ‘WILL BE ARRESTED BY CHRISTMAS’.

• We think this will occur rather sooner than that.

SOME DATES THOUGHT EARLIER TO BE SIGNIFICANT
It was also reported to us that the threats spewed out by the serpent were accompanied by an assertion, known to be false, that the payouts were to be blocked ‘until 15th September’. This of course was equivalent to saying ‘until the end of the solar system’, except for the following two important passing considerations:

• As reported in The Wall Street Journal on 3rd September (4) : ‘On September 16 2009, China will put into effect an agreement governing how their banks trade domestic derivative products among themselves. But as a condition of their dealing with foreign banks, China’s five largest commercial banks are seeking to impose tough credit demands that will be hard to comply with, according to certain lawyers and people at several foreign banks’.

CHINESE MOVE TO IMMOBILISE DERIVATIVES OPERATIONS
The Chinese banks concerned are Bank of China Ltd, Industrial & Commercial Bank of China Ltd., China Construction Bank, Agricultural Bank of China Co., and Bank of Communications. The Wall Street Journal report elaborated that these Chinese banks ‘dominate the domestic money markets, supplying as much as 80% of market liquidity. Not being able to deal with them would punch a big hole in the operations of foreign banks in China’.

‘Under the new régime, banks will be allowed to trade [financially – Ed.] only with counterparties with whom they have signed a Master Agreement. That agreement will initially cover existing trading in interest-rate swaps, bond forwards, foreign exchange swaps and forwards, and cross-currency swaps. But the five big banks are insisting that foreign banks, and in some cases their major shareholders, guarantee the credit of their China units before they sign any agreement, according to foreign bankers with direct knowledge of the situation’.

‘Under existing arrangements, foreign banks can trade derivatives with the five big [Chinese] banks without providing credit guarantees’.

In other words, financial trading with the big five Chinese banks will, effective 16th September 2009, be restricted to THE FIRST LEVEL ONLY, cutting out a vast swathe of subsequent levels of derivative trades – which necessary reform will VIRTUALLY TERMINATE the derivatives operations of foreign banks with China. Unless the big Chinese banks have signed a Master Agreement with a foreign bank counterparty, they will not be permitted to engage in derivatives transactions AT ALL: hence the bleating by ‘lawyers and people at several foreign banks’ that their business is about to be decimated, destroyed or altered beyond recognition.

While the foregoing information on the Chinese trading stipulation is of exceptional significance, it will also of course have been noted that 16th September is one day later than the false ‘deadline’ fed by the criminal finance Godfather, George H. W. D. V. D. Bush Sr. During the week there were further ‘end of the solar system’ noises, too, suggesting, incorrectly, that the end of the current US fiscal year (30 September) would be the ‘next’ illicit ‘deadline’. Another significant fixture in this context was the late-September meeting of the Group of 20 scheduled for Pittsburgh, preparatory work for which was being transacted in London in early September.

Consistently with the correct Chinese attitude that ‘enough is enough already’, Associated Press reported on 3rd September that China is buying the first $50 billion of the International Monetary Fund’s initial Special Drawing Right (SDR) bond sale. Although this announcement was presented for public consumption in the usual knee-jerk context, promulgated in the IMF’s own statement [2nd September 2009] that this purchase ‘will boost the Fund’s capacity to help its membership weather the global financial crisis, and facilitate early recovery of the global economy’, the Chinese authorities paid for the purchase of $50 billion worth of SDRs with 341.2 billion yuan but in fact, by means of a complex foreign exchange configuration, disguising the fact that they were dumping dollars in order not to destabilise the market – a move which, as Zhang Bin, an international finance specialist at the Chinese Academy of Social Sciences, said will ‘help to raise China ’s IMF status’.

MEANWHILE GEITHNER CARRIED ON WEIRDLY PROMOTING DERIVATIVES
While the Chinese have made it crystal clear that the Fraudulent Finance derivatives party is OVER, the US Treasury Secretary, who presided over the accumulation of the derivatives BLACK HOLE within the Federal Reserve Bank of New York of which he was President amounting to $500 trillion [see below], is attempting to bamboozle the Group of Twenty leaders into taking steps to ‘control’ the derivatives markets – the unspoken purpose of this deception being to ‘take it for granted’ that these Fraudulent Finance operations are to continue, which is not going to be the case.

Specifically, The Wall Street Journal reported on 4th September 2009 that ‘on Thursday, Treasury Secretary Timothy Geithner sent a letter to the G-20 leaders [meeting in preparatory session in London – Ed.], arguing that international agreement on higher bank-capital rules was necessary to protect the global financial system [unspoken: which his own terrorist finance stewardship at the New York Fed has so grievously corrupted – Ed.], and he called for a deal by the end of 2010’.

• FACT: It is STANDARD revolutionary procedure to keep kicking the timeframe out into the future. Every conference is concerned with setting the agenda for the subsequent conference. That way, the ‘Useful Idiocracy’ is bamboozled into believing that ‘progress’ (however defined) is being made towards whatever objective may be flavour of the month. Meanwhile the serpentine manipulators obfuscate the situation while always gaining more time.

•FACT: The US Treasury Secretary’s stance is deceitful. On the one hand, he and Bernanke were sabotaging and blocking the releases as stated above, on the orders of the world’s most sought-after financial criminal; while on the other hand, he is masquerading before the G-20 as a valiant defender of financial law and order. According to what we have been informed, this two-faced (dialectical, double-minded) behaviour isn’t being well received.

On the contrary, M. Jean-Claude Trichet, President of the European Central Bank, in announcing that ‘the ECB has an exit strategy from its non-standard measures in place’ (5) has, of late, most interestingly, aligned his institution effectively with the British Monarchical Power (contrary to the underlying purposes of the European Union Collective, which is to destroy all sources of British power permanently). The reason for this volte face is that the potential exists within this financial maelstrom for the European financial economy to be completely destroyed, since the collective currency, the Euro, has no backing – and is supported by no sovereign government. The European Union is not a sovereign entity: it is in fact an illusory construct which operates specifically, as the Editor reported and explained in his book The European Union Collective: Enemy of its Member States’, to usurp and crush the sovereignty of its weakened constituent satrap membership.

THE EUROPEAN COMMISSION IS A CRIMINAL ENTERPRISE
Moreover the accounts of the European Commission have not been signed off for the past 14 years running by the EU’s own Court of Auditors, because they are fraudulent.

• Any auditor signing the European Commission’s accounts would lay himself open to prosecution for aiding and abetting false accounting.

Since this is the case, the British Government, for instance, is complicit in financial fraud because it channels UK taxpayers’ funds into the accounts of the European Commission which, given that its accounts are fraudulent and have been demonstrated to be fraudulent for the past 14 years, is a criminal enterprise. According to the Serious Fraud Office in London, it is illegal to pay taxpayers’ money into the hands of a criminal enterprise.

As previously recommended here, all British taxpayers’ VAT funding should therefore be diverted forthwith into special accounts at the British Treasury, where they can accumulate until such time as the past 14 years’ EC accounts have been rectified, restitution has been made for all the funds that have been misdirected and stolen, all officials, past and present, involved in these criminal diversions and thefts have been indicted and put on trial, and the British Government pronounces itself to be satisfied that the necessary standards of financial probity have finally been achieved.

Since of course this will never happen, the British Government could redeploy the accrued Value Added Tax inflows for the purposes of plugging the colossal holes punched recklessly into them by the Brown Government, and reviving the British economy which has been extensively ‘enronised’ by the operations of Godfather Bush in collaboration with his corrupt and subsequently double-crossed pal, Tony Blair (who has his come-uppance).

In the meantime, by aiding and abetting the criminal diversion of British taxpayers’ VAT funds, the British Government condemns itself as a co-conspirator in defrauding British taxpayers, and is therefore entitled to be classed as a Criminal Government (and not for this reason alone: but this will ‘do’ for the time being).

All of which further complicates the standing of the corrupt European Commission itself, even as it is being bombarded by the banks as they lobby this criminal enterprise intensively to try to prevent the inevitable confirmation that the Fraudulent Finance bonanza is almost totally finished – which of course will consign certain of these institutions that specialise in speculation, to oblivion.

FINANCIAL TIMES MINDLESSLY SUPPORTS CAMPAIGN
This campaign is being supported by the industry’s house organ, The Financial Times, London, which reported on 2nd September that ‘top investment banks and other big users of derivatives markets’ [prior to mid-September 2008, but this is never mentioned because those concerned don’t want to acknowledge that the derivatives sector remains moribund – Ed.] ‘have warned European Union regulators that there are limits to the extent to which over-the-counter contracts can be standardised and cleared centrally’.

“Standardisation is not a clear prerequisite for delivering the systemic and operational risk improvements sought by regulators… initiatives that would seek to standardise the terms of all OTC contracts are counterproductive”.

• This was the message to the European Commission [EC] from three associations representing investment banks and securities firms: the International Swaps and Derivatives Association, the Securities Industry and Financial Markets Association, and the London Investment Banking Association, in a joint submission to the EC made public on 3rd September.

“Such initiatives can lead to ineffective hedging and incomplete transfer of risk. Leaving end-users with unwanted and unmanageable basis – that is, a mismatch between the specific risks they face and the non-specific, generic instruments that would be available in the market’ (6).

But The Financial Times’ idolatry of the dying Fraudulent Finance derivatives sector was sharply rebuffed on 4th September, when The Daily Telegraph’s Business section led with an article on the turmoil which has overtaken one of the most prominent of British private equity funds, Alchemy Partners, with the departure of its founder John Moulton – who, like the sharpest operators in this business, see the writing on the wall and are getting out IMMEDIATELY, so leaving the impending wreckage to others (who do not seem to realise what will be hitting them).

• Moulton’s exit will lead to a change in the ‘key man’ clause – entitling investors (leading banks, pension funds, university endowments and high net worth individuals) to pull out of their financial commitments to the fund (provided they can do so in practice, given the ‘unfolding of events’) because they will no longer benefit from Mr Moulton’s standing, prestige and expertise.

Amid expectations that Moulton’s departure would undermine Alchemy’s chances of raising fresh capital from investors, one insider was reported to have observed:

‘Alchemy certainly won’t be able to draw down any cash. In this market, people are desperate to get out of commitments and when they see an opportunity they grab it’ (7).

This devastating admission from a private equity fund ‘insider’ tells you, in one succinct sentence, that the obtuse behaviour of Geithner and Bernanke flies in the face of objective reality, common sense and the INEVITABLE ‘unfolding of events’ (8).

GEITHNER’S DECEITFUL DEMARCHE TO THE G-20
In parallel with this campaign, Mr Geithner surfaced in The Financial Times house organ on the 3rd September with a thinly-disguised plea for the colossal stash of illicit off-balance sheet funds to be plonked onto the books – thereby of course supposedly perpetuating the old Fraudulent Finance vortex to the satisfaction of George H. W. D. V. D. Bush Sr. In other words, this Geithner was STILL promoting the decapitated US Fraudulent Finance agenda – in the teeth of the opposition from the European Commission and the British Monarchical Power.

The essence of this deceitful operation fronted by Geithner was selling the G-20 the illusion that the US authorities are masters of regulation, when in fact the whole purpose of their rearguard campaign was to kill stone dead the necessary reform which cannot be stopped – namely that ALL transactions are to take place ON the books, consigning all the accumulated fraudulent derivatives accruals held off-balance sheet to the numeral ZERO.

• That of course will permanently defang the criminal finance syndicate, while impoverishing the cabal which had been holding the world to ransom (to the extent that it is not already impoverished by virtue of the freezing of its corrupt accounts).

The deceitful Geithner agenda was revealed in the first of five priorities which he spelt out in his article for the house organ of the City of London and beyond:

• Geithner: ‘First, capital requirements for banks simply must be higher across the board. Bringing more capital into the banking system is vital’.
• Translation: For ‘bringing more capital into the banking system’, read: Tipping off-balance sheet funds onto the books (while paying lip-service to Basel-II etc: see below).

• ‘Geithner: ‘Second, the regulatory framework also should put a greater emphasis on higher-quality forms of capital that best enable financial groups to absorb losses. Consistent with this principle, during good economic times, common equity should constitute a large majority of a bank’s Tier 1 capital’. • Translation: ‘Derivatives ‘assets’ are ‘a higher form of capital’.

• Geithner: ‘Third, capital requirements and accounting rules should be more forward-looking and should reduce the system’s pro-cyclicality. The capital régime should require banks to hold a larger buffer over their minimum capital requirements during good times, to be available in bad times’.
• Translation: ‘We don’t want real regulations which will constrain our permissive money-making behaviour. What we want is regulations made of India rubber which ‘go with the flow’ and that we can abuse and circumnavigate to suit our requirements’.

• Geithner: ‘Fourth, banks should be subject to explicit liquidity standards designed to improve their resilience in the face of runs by creditors and prevent the build-up of liquidity risk in the financial system as a whole’.
• Translation: ‘I am parodying Basel-II in order to bamboozle the G-20 into accepting my permissive agenda, without them realising what I’m up to’.

• Geithner: ‘Finally, we need to improve the rules used to measure risks embedded in the banks’ portfolios and the capital required to protect against them, and put greater constraints on banks’ use of leverage to dampen volatility’.
• Translation: Sounds nice, but see his fourth ‘point’ above: I am parodying Basel-II in order to bamboozle the G-20 into accepting my permissive agenda, without them realising what I’m up to.

• Geithner [final paragraph in his Financial Times (house organ) article]:
‘Strengthening capital requirements is an essential part of a broader effort to modernize [sic!] our regulatory framework so that the financial system is strong enough to withstand the failure of large complex institutions. That is the most effective way to prevent the world from re-living the events of last autumn [unspoken: which I personally, while I was President of the FRBNY, did so much to facilitate]. And that is the challenge we must tackle in London, Pittsburgh and beyond [unspoken: Pay attention to what I am saying, G-20].
• Translation: ‘Part of a broader effort to MODERNIZE’ = ‘to DUMB DOWN, so that we can wantonly infiltrate the off-balance sheet derivatives accruals onto the banks’ balance sheets under cover of the permissive regulatory régime intended by Paulson, myself and Bernanke, in the service of the criminal finance syndicate which we serve.

• In other words, we are in charge, and we reject the Basel disciplines while paying lip-service to them for public consumption and in order to hoodwink you G-20 attendees’ (9).

Geithner evidently thinks that he can outsmart the international community and the G-20 by sticking the Basel words back to them – using Basel-type language deceitfully in order to convey, with the naïve assistance of The Financial Times, an impression of wholesome regulatory rectitude – while in fact meaning the opposite. We and others, including the President of the European Central Bank, see right through this dialectic, as do the Chinese authorities.

• So it will ‘go nowhere’ – for this reason alone.

THE U.S. TREASURY SECRETARY IS WHISTLING IN THE WIND
The Geithner deception campaign is being waged in parallel with the overdue and drastic steps that will be taken, effective 16th September 2009, outlined above, by the Chinese authorities. This illustrates the fact that the US Treasury Secretary, who, with Dr Bernanke, was willfully BLOCKING the Settlement payouts which, by definition, will liquefy the banks (to the extent that payout monies have not been stolen), is whistling in the wind.

How does he expect his decadent formula to fly, in the face of the Chinese determination that it shall not fly, and in the face of the 100% transparent, fully taxable, on-the-books Dollar Refunding programme to be operated from London?

SWISS PRIVATE BANK TELLS CLIENTS TO SELL ALL U.S. ASSETS
On a separate note, but by way of illustrating how strands of ‘globalism’ are unravelling, Bloomberg reported on 2nd September that one of Switzerland’s oldest banks, Wegelin & Co., has told wealthy clients to sell their US assets, or remove their funds from the bank. The bank’s Managing Partner, Konrad Hummler, explained that US proposals to extend reporting requirements for banks with clients who acquire US stocks and bonds, together with estate tax liabilities that may be inherited by heirs of people with such holdings, had prompted the decision.

“We came to the conclusion that it’s a threat to our clients”, Herr Hummler, who is also President of the Swiss Private Bankers’ Association, said in the course of an interview during a conference in Zürich. ‘It’s also a threat to us as a bank because as a custodian we are an executor to the estate. We find this aspect discomforting, so we recommend selling all American securities whatsoever”.

Herr Hummler added that he intended to raise the issue on 4th September at a meeting of the Private Bankers’ Association, members of which include Pictet & Cie., Lombard Odier & Cie., and Mirabaud & Cie. After initial reservations, they were considering following suit.

• The report originally intended for publication on 2nd September 2009 starts here:

CIA NEVER MAKES MISTAKES, SO HOW CAN IT LEARN FROM THEM?
At the VIP showing of ‘Four Presidents and a Funeral’ held at the Boston Catholic Basilica of Our Lady of Perpetual Help [sic], CIA-‘President’ Barack Hussein Obama spoke about ‘learning from our mistakes and growing from our failures’.

However since the CIA never makes mistakes, it is hardly in any position to learn from them. But given that certain of those present were Grand Masters of manipulative cynicism, it is not out of place here to consider what the ‘President’ may actually have meant by these ‘inspirational’ words.

One definite possibility is that he was speaking in code to ‘the interested’ seated hypocritically en masse in the Basilica, signalling to those with ears to hear that the highest-level current and former operatives have ‘learned’ from the catastrophic mess they have made of the finances of the United States, the world, and their own pockets, by stumbling upon a new ‘wheeze’ to make money for themselves: hence ‘growing from our failures’.

PRESIDENTS 42 AND 43 FLY TO TORONTO AFTER THE FUNERAL
Let us explain. On the self-same day of the funeral, former President William Jefferson-Clinton AND former President George W. Bush flew at once to Toronto. The Toronto Star plastered a picture of Mr Clinton duly lecturing an audience of Canadian fans on ‘Embracing our Common Humanity’ – a dangerous title, one would have thought, for Clinton to employ, given that he used to embrace a Canadian MP of Austrian extraction during his frequent trysts in Canada of yore, a lady considered by some to be ‘common to humanity’.

But be that as it may, it stands to reason that Messrs Clinton and Bush Jr. rushed up to Canada for reasons OTHER THAN Clinton’s eagerness to enlighten a collection of extremely naïve Canadians – some of whom, according to The Toronto Star [31st August 2009] declared 42 to be ‘a marvellous fellow’, a ‘wonderful man’ and ‘an icon’, thereby lending new meaning to the phrase ‘Oval Office carpet’. The reasons for the Two Criminal Presidents’ haste to visit Toronto, are examined below.

THE REASON BUSH SR. DIDN’T APPEAR IN THE BASILICA
But first, we need to reconsider the ‘Four Presidents and a Funeral’ scene. They turned out to be NOT the Four Criminal Presidents who had DEMANDED and obtained their immunities on Thursday 22nd August 2009, as previously reported, but rather the Four Criminal Presidents MINUS George H. W. D. V. D. Godfather Bush Sr. – the stand-in being the ever-sunny and likeable President Jimmy Carter, who attended with his wife, the Steel Magnolia. So why, obviously, was the Godfather of all Godfathers missing from this happy gathering?

Why, none other than because George Bush Sr. had attempted to intervene with the settlements process that had in fact started on Thursday 27th August, continuing into Saturday, the day of the funeral. He is likely to have paid dearly for this last throw of the dice.

NO SPLIT: JUST A NEW CORRUPTION ‘OPPORTUNITY’
Bush Sr.’s absence from the funeral Mass gave rise to speculation on our part as to whether the Three Remaining Criminal Presidents had split from Godfather Bush – a proposition given some apparent weight by the nonchalant and goofily relaxed demeanour of former President George Bush Jr. at the Mass – to which the answer is ‘not really’.

On the contrary, Mr Bush Jr. was happy inter alia because he was about to fly to Canada with his criminal predecessor to clinch a deal which these operatives vainly hoped will float them out of the quagmire they’re in, characterised by the lugubrious fact that most of their accounts are frozen.

Before we visit Canada ourselves, though, a word about the World Court’s earlier behaviour. It proved impossible for us to obtain reliable indications as to whether suggestions that the Four Criminal Presidents’ craved immunities had in fact been revoked just as quickly as they were so scandalously granted. Given that Clinton 42 and Bush 43 surfaced in Toronto immediately after the funeral gathering, the balance of probability might have seemed to be that those reports were false or mistaken – although in view of the Canadian behaviour exposed immediately below, the Toronto authorities may have waived aside any such little local difficulties.

SCANDALOUS SITUATION AT THE WORLD COURT
There is also a peculiar, and quite scandalous, state of affairs within the World Court itself, which apparently enables individual Judges to annul what other World Court Judges have approved. The President of the World Court these days is Hisashi Owada (Japan), while the Vice-President of the Court is Peter Tomka (Slovakia). The Judges are: Shi Jiuyong (China); Mr Abdul G. Koroma (Sierra Leone); Awn Shawkat Al-Khasawneh (Jordan); Thomas Buergenthal (United States); Bruno Simma (Germany); Ronny Abraham (France: sic!); Kenneth Keith (New Zealand); Bernardo Sepúlveda-Amor (Mexico); Mohamed Bennouna (Morocco); Leonid Skotnikov (The Russian Federation); António A. Cançado Trinidade (Brazil); Abdulqawi Ahmed Yusuf (Somalia); and Christopher Greenwood (United Kingdom). The Registrar is Philippe Couvreur (Belgium).

With the likely exception of the Chinese and the New Zealand Judges, the ONLY World Court Judge who might be suspected of being liable to act honourably, would be Christopher Greenwood, the British Representative. And IF it is the case that a given World Court Judge can annul what other Judges or the Court itself have decided in the context of immunities, it stands to reason that one would expect this Thomas Buergenthal character have stood ready at all times to sabotage the decisions of other Judges, the World Court itself, or all of the above. No wonder the reputation of this globalist institution, which provides scant information concerning its operations, has sunk into the gutter along with those of the Four Criminal Presidents and the United States itself. [Note: the figure four in this context will be seen to require adjustment – up to the figure five].

Anyway, the complacent nonchalance and demeanour of former US Presidents 42 and 43 as they sat through CIA-President Obama’s eulogy for the deceased Edward Kennedy (‘one musn’t speak ill of the dead’, as one VIP noisily pointed out later), will have been enhanced by any stray thoughts they may have entertained during those proceedings concerning the infinite malleability of the Court.

Granted, the Four Criminal Presidents naïvely considered that they DEFINITELY NEEDED their immunities, otherwise they wouldn’t have DEMANDED them back on 22nd August, as we reported. At the same time, given the composition of this discredited globalist institution, the Two Criminal Presidents must have obtained some satisfaction from their knowledge that they can, if necessary, access the bank account coordinates of certain of these World Court Judges; and in any case, a clandestine promise of ‘compensation’ will have surely been all that was ‘necessary’.

Manifestly, if the foregoing analysis is inaccurate in any way, shape or form, the World Court can correct any inadvertent errors of analysis on our part at any time.

CANADA SUDDENLY POSTS US$-DENOMINATED BOND SALE
On 31st August, Bloomberg reported that Canada is planning a bond sale denominated not in Canadian dollars but in US dollars – the first such offering for more than a decade – and that the launch ‘may take place in the “near future”’. Canada does not in fact need to offer such bonds to the market, as its finances across the board are in a commendably healthy state; and we suspect that the entire operation will be ‘pulled’ given the ‘unfolding of events’ and this exposure.

But the Canadian Finance Minister, Jim Flaherty, announced the sale on Friday 28th August in a surreptitious manner on the Department’s website, without indicating the volume of such bonds to be sold. According to the website posting, the purpose of the bond is to strengthen the Canadian reserves of foreign exchange and to support lending by the International Monetary Fund. Mr Eric Lascelles, the Chief Economist with TD Securities Inc., Toronto, suggested that Canada’s supply of foreign currency-denominated bonds ‘has generally declined rather sharply over the years…. This is just an opportunity to reverse that trend’.

But it isn’t ‘an opportunity’ at all: it’s a wheeze suddenly posted without warning on the Finance Ministry’s website. Why?

Step forward (metaphorically speaking) William Jefferson Rockefeller-Clinton and George W. Bush Jr., world-class Financial Fraudsters and Experts in Stealing Other People’s Money whose swollen bank accounts have been extensively frozen.

If enough Canadian officials have been bribed, or rather, promised their cut from the intended high-yield, medium-term Canadian notes denominated in US dollar currency and therefore redeemable clandestinely via the Federal Reserve [see below], and given that the Criminal Presidents can only now deal ON the books, why, the answer to their ‘prayers’ will surely be a luscious new portfolio of foreign bonds issued in American currency. Except that this won’t happen!

UNITED ARAB EMIRATES TO KINDLY OBLIGE, AS WELL
And ever so helpfully, just to ‘make a market’, it is reported to us that the United Arab Emirates is now proposing to issue US dollar-denominated bonds, as well. Specifically, the state-controlled Emirates NBD PJSC, the biggest UAE bank by assets, is seeking, Bloomberg also reported on 1st September, to raise more than $500 million in US currency this year by selling medium-term notes with a typical maturity of between three and five years.

In fairness it should be added that Sanjay Uppal, the Chief Financial Officer with the UAE bank, also told Bloomberg that ‘honestly speaking we could go through this year with very little issuance’ on the assumption of a reduction in general nervousness in the financial markets – famous last words, since we are now in the eye of the biggest financial storm in history, courtesy of the Four Criminal Presidents, two of whom flew with indecent haste to Toronto on Saturday 29th August after leaving the Boston Catholic Basilica.

While accordingly hoping to line their own pockets thanks to the ‘good’ and probably corrupt offices of Canadian ‘facilitators’ (the fact that Clinton and G. Bush Jr. arrived in Toronto over a weekend is neither here nor there: that’s when deals are struck at this level of corruption), the Two Corrupt Presidents will also have been keenly aware of the extreme urgency of the situation (so far as their own pockets and persons are concerned). Because, without such a concept to cling to (and it may be aborted following this posting, as has occurred in the past), their already debilitated financial futures would surely be looking as severely constrained as their physical prospects.

For one thing, they wouldn’t be in any position to compete with the London-based on-the-books, fully transparent and taxable Dollar Refunding operation, of which they are insanely jealous and which all concerned in their circles have vainly attempted to thwart.

NEW YORK FED HAS A $500 TRILLION ‘BLACK HOLE’
But secondly, even more to the point, the entire Derivatives Hydrogen Bomb may be about to explode. Specifically:

• The Federal Reserve Bank of New York, primary seat of this Fraudulent Finance, is reported to us to have a BLACK HOLE of $500 TRILLION in off-balance sheet holdings that are not covered by any collateral or assets whatsoever.

This state of affairs arose partly under the stewardship (not) of Timothy Geithner, the current US Treasury Secretary, who uses barracks language when haranguing distinguished female heads of critical financial sector agencies, as previously reported. One can perhaps more easily understand why this man loses his cool: he will be taken down when this collapse ‘blows’.

• It was against this background that Reuters reported from Peking on 31st August that Chinese State-owned corporations will be allowed by the Chinese authorities to ‘walk away’ from any loss-making commodity derivative trades [see above].

Specifically, the State-owned Assets Supervision and Administration Commission, which is the regulator and nominal shareholder for the Chinese State-Owned Enterprises (SOEs), was reported to have informed six foreign banks that the SOEs now reserve the (sovereign) right to default on derivatives contracts. The report was derived from an unnamed Chinese official source cited by Caijing magazine in an article published on 29th August.

MORE BELATED CHINESE MEASURES AGAINST FRAUDULENT FINANCE
The report was qualified by Reuters’ assertions that official confirmation could not be obtained, but a banking source told the news agency that ‘a handful of the State-Owned Enterprises… are being encouraged by regulators to renegotiate. It’s outrageous, but it’s China, so everyone is treading very carefully’ – but not with sufficient care to prevent this report reverberating around the world, as all talk of recovery was suddenly swamped by well-founded gloom on 1st September, when the stock market reflected the mood immediately.

Air China, China Eastern and COSCO (shipping), having incurred colossal derivatives losses since 2008, were reported to have issued almost identical notices to banks.

• SASAC became responsible for overseeing the derivatives trading activities of SOEs from the local securities regulator in February 2009, after several Chinese firms had reported immense losses from playing around with derivatives.

This is the corollary to the new ‘Master Agreement’ régime referenced above, to be introduced by the Chinese authorities effective 16th September.

The Chinese authorities have been seeking since February 2009 to prevent the sale of foreign derivatives ‘products’ to Chinese firms by foreign banks, after certain large Chinese enterprises bought so-called ‘protection’ contracts against higher prices, when of course the derivatives sector imploded following the events of 10th-12th September 2008.

• In July, SASAC ordered all those Central Government-controlled State corporations still unwisely engaged in trading derivatives to file quarterly reports concerning their investments, including, the Reuters report added, details of their holdings and performance.

ORIGINAL THEFT OF DELMARVA TIMBER TRUST ASSETS
The gargantuan BLACK HOLE within the Federal Reserve Bank of New York is a direct and specific consequence of the criminal hypothecation of derivatives based on assets belonging to Delmarva Timber Trust which were stolen by CIA criminal finance operatives under the Clinton Administration with the full knowledge and encouragement of the White House.

• These Delmarva Timber Trust assets, including assets held in Bank Rafidain sub-accounts, were held in London and kept thus as a safekeeping measure to keep the assets away from the clutches of Godfather George H. W. Bush Sr., Rockefeller-Clinton and Leo Wanta.

•THIS is what Paulson, Geithner and Bernanke are COVERING UP.

The accumulation of such a colossal portfolio of dud derivatives assets, arising originally from this CIA-controlled THEFT, and the running of these dollar transactions via the New York Fed, has led directly to the biggest financial crisis in world history – a state of affairs which is exacerbated, ‘as we speak’, by the following further scandalous abomination:

DESPITE THIS CRISIS, BERNANKE WAS BLOCKING THE PAYOUTS
For the past three weeks plus, UP TO OUR CUT-OFF TIME, the Settlements payouts in the United States were BLOCKED, as reported above, by Dr Ben Bernanke, Chairman of the Federal Reserve Board, working with the desperate US Treasury Secretary, Timothy Geithner.

In other words, the CRISIS THAT WAS PRIMED TO BLOW UP was being deliberately triggered and exacerbated by the head of the US Central Bank himself, in order to assist Geithner and Paulson to continue obfuscating the existence of this $500 trillion ‘BLACK HOLE’.

Which, of course, also explains why CIA-‘President’ Obama (10), holidaying on Martha’s vineyard in readiness for the expected ‘Four Presidents and a Funeral’ event, very suddenly interrupted his vacation – having (to our own professional knowledge) previously told the pressmen and women accompanying him, to ‘chill out because there won’t be any news this week’ – and took time out on 25th August to propose that Dr Bernanke should serve a second four-year term as Chairman of the Federal Reserve Board.

This announcement could perfectly well have been made later, after Obama’s return to Washington, and in any case was issued way in advance of ‘normal practice’.

CIA-PRESIDENT OBAMA IN SECRET CAHOOTS WITH BERNANKE
What this told us was that, since we know that Bernanke was BLOCKING the payouts, ‘President’ Obama, who was repeatedly reported to us by usually reliable US sources to be ‘anxious for this matter to be finalised once and for all’, was playing a double game – since he had so prematurely reappointed the US central banking official whom he knew to be blocking, and whom he had very probably ‘instructed’ to block, the Settlements payouts in the United States.

• Hence CIA-‘President’ Barack Obama is or has been a co-conspirator with Godfather George H.W. D.V.D. BushSr, Clinton 42, Bush Jr. 43, Hillary Clinton, et al. in holding the whole world to ransom.

POOR BERNANKE A VICTIM OF IDENTITY FRAUD
In a revealing side-show, Agence France-Presse and Newsweek reported on 26th August that poor Federal Reserve Board Chairman Dr Ben Bernanke was one of hundreds of victims of an identity fraud ring that stole over $2.1 million from individuals and financial institutions. Court documents had revealed that a thief stole Dr Bernanke’s wife’s purse in August 2008 and had begun cashing cheques on the Bernanke family’s bank account.

The reports stated that the theft of Dr Bernanke’s cheque book became part of an ongoing, wide-ranging identity-theft investigation mounted by the US Secret Service and the United States Postal Inspection Service, and that the probe led to arrests, criminal complaints and indictments brought by Federal prosecutors in the United States Court for the Eastern District of Virginia, Alexandria – the famous court which was the scene of the events of 19th October 2007 reported by this service and attended by the Editor.

The Chairman of the Federal Reserve Board permitted himself the privilege of being interviewed by Newsweek, saying that ‘identity theft is a crime that affects millions of Americans every year’.

‘Our family was but one of 500 separate instances traced to one crime ring. I am grateful for the law enforcement officers who patiently and diligently work to solve and prevent these financial crimes’.

Inevitably, the Editor’s sensitive nature compels him to commiserate with Dr and Mrs Bernanke. What a trial this experience must have been for them, poor things.

FED IS (WAS) NO-GO AREA FOR U.S. LAW ENFORCEMENT CADRES
Since, however, the Federal Reserve and the Federal Reserve Interbank Settlement Fund are no-go areas for the law enforcement officers of which Dr Bernanke is so touchingly proud – given that no checks and balances apply in that arena – we can be certain that the Chairman of the US Federal Reserve Board loses no sleep at night, after stroking his beard, over the financial devastation that he inflicts upon the payees of the Settlements monies, including the 330,000 victims of the ruthless Ponzi schemes perpetrated by the crumbling edifice of endless financial corruption constructed by Godfather Bush and his chief technician, Bernanke’s predecessor, Dr Alan Greenspan.

The fact that NONE of the criminals who thought they would be paid, will be receiving a single red cent, according to our latest authoritative information, does not in the slightest compensate for the scandalous fact that the Chairman of the US Federal Reserve Board was himself willfully continuing to block legitimate payouts in collaboration with the US Treasury Secretary.

BARNEY FRANK BELATEDLY CALLS FOR THE FED TO BE AUDITED
Significantly, but far too late to save the situation, Representative Barney Frank has joined Rep. Ron Paul in calling for a comprehensive audit of the Federal Reserve Board – in the context of Bloomberg’s case against the Fed which resulted in a Court victory for the publisher, and that Dr Ben Bernanke, of course, is resisting.

• An audit, which will need to include the Federal Reserve Interbank Settlement Fund. will put an end to the corrupt practices at the Federal Reserve once and for all: so ‘Gatekeeper’ Bernanke’s job is to prevent that happening, while illegally blocking the Settlements payouts at the same time

‘EXTRAORDINARY RENDITION’ OF TOP CRIMINALS REQUIRED
The British Monarchical Power, wielding the Writ of Execution, should instruct the ‘enforcers’ to procure the ‘extraordinary rendition’ of these highest-ranking US financial criminals, including Dr Bernanke himself, to a jurisdiction where the handcuffs that need to be applied to them are not subsequently ordered to be removed by World Court Judge Thomas Buergenthal.

• The report originally intended for posting on 2nd September ends here.

LIBYAN CONTROVERSY IS A U.S. FALSE FLAG OPERATION
The row over the release from Scottish incarceration of the Libyan prisoner (note that we do not describe him as ‘bomber) has been misrepresented on both sides of the Atlantic. In Britain, the ‘mainstream’ media has focused on the ‘humanitarian’ dimension, which has been escalated to ‘pinpoint’ the Prime Minister, Gordon Brown, as duplicitous in ‘doing this deal’ behind the backs of ‘our friends the Americans’. In the United States, outlets such as The New York Daily News have all enjoyed themselves throwing bad eggs at the British – with that newspaper declaring on 2nd September that the ‘Special Relationship’ is ‘gone’, under the headline: ‘Brown the Betrayer’.

The yellow New York paper waffled: ‘As for the ‘Special Relationship’ between the US and Britain, the storied alliance built on the resolve of World War II and carried on through Thatcher and Blair, through Iraq and Afghanistan: it is, in a word, gone’.

Now this service has argued that the ‘Special Relationship’ is shattered and should be wound up, but NOT for the spurious reasons put forward by US outlets. On the contrary, our ‘line’ is that we have been deceived and abused for so long by the United States, which has traditionally treated the United Kingdom with cynical disdain, that there is no point in continuing this pretence until such time as the Americans ‘clean up their corrupt act’.

However whereas WE have sound reasons for this argument, the barrage of hatred pouring forth from the United States following the release of the Libyan intelligence operative is based upon the very kind of duplicitous behaviour of which WE complain, and of which the US outlets themselves are complaining in the context of the release of Abdel-baset Ali Mohmed al Megrahi from jail in Scotland (11) in a disgusting ourbreak of ‘Black-calling the Kettle Pot-ism’.

DAVID RIFKIN, A U.S. SCUMBAG, LECTURES US ON THE BBC
In this connection, one of the more loathsome US operatives who stuck his oar in, appearing on the air to castigate the British over this affair, was David Rifkin, a former US Justice Department official who ‘served’ under Reagan and George W. Bush. This impertinent US operative surfaced on the BBC’s ‘World at One’ radio programme on 2nd September to inform us as follows:

‘This is the kind of duplicitous behaviour that most people here do not expect from Britain. I really can’t think about a more duplicitous act by Britain vis-à-vis the United States in the postwar period’.

Note that Mr David Rifkin stated that such behaviour was not to be expected from Great Britain – whereas (unstated) it is standard behaviour from the United States, given the hegemony of the criminalised Intelligence Power, as Mr Rifkin knows perfectly well. While his wife served on the Federal Reserve Board, David Rifkin, described to us by US sources as ‘a scumbag’, exploited his wife’s position by engaging in all sorts of off-balance sheet deals in which he should not have been engaged. He is a spokesman for the de facto Financial Terrorist group within the structures, a fact of which the naïve ‘World at One’ BBC presenters would have been wholly ignorant. Lectures from this US scumbag are accordingly themselves doubly duplicitous and therefore contemptible.

THE CHENEY OIL OPERATION IN LIBYA
Two especially notorious US intelligence operatives named Christiansen and Brock, in partnership with the criminal operative Richard B. Cheney, did a clandestine deal with the terrorist Government of Colonel Qadhafi, and developed a Libyan oilfield. After President R. Reagan’s bombing of Libya (using British airfields without our permission for the purpose, of course), these nasty operatives returned to Libya, where they resumed operations.

Given that British Petroleum (BP) has its largest operation in Libya, this contrived furore over the ‘Lockerbie bomber’ clearly has NOTHING to do with the sensitivities of the bereaved families, or concerning where al-Meghrahi was to die, about which these hardened criminals couldn’t care less – and everything to do with a carefully pre-planned ‘Blowback’ operation designed to discredit the British Government by exploiting the fissiparous inclinations of the Scottish Nationalist minority government in Edinburgh, consequent upon the following development.

BRITISH SIMPLY TOOK A LEAF OUT OF THE U.S. BOOK
It is perfectly clear that the British took a leaf out of the US Intelligence Power’s ‘grabitisation’ book. What happened, in essence, was that a very long-range British intelligence operation was developed for the purpose of ‘locking’ the ‘Lockerbie’ scandal into place in the British national interest (even though supposedly no European Union country has any national interests as they have largely been collectivised under the European Union arrangements: this example shows how false that ‘settlement’ is in practice).

Participants in this operation included the ‘cream’ of British ‘hard men’, all of whom could easily give their odious American intelligence rivals a run for their money. These figures included Sir John Bond, Chairman of HSBC; Lord Foster, the ‘international’ British architect; Lord Guthrie, the former head of the British military; Lord Bell, the Lady Thatcher’s original PR man, now a publicity tycoon; Prime Minister Tony Blair; Lord Browne, ex-Chief Executive Office, British Petroleum; Lord (Jacob) Rothschild; Jacob’s son, Nathaniel Rothschild; Peter Munk, a billionaire operative; Peter Mandelson, the high-ranking Business Secretary ‘handler’ of Gordon Brown; and, on the Libyan side, Colonel Muammar Qadhafi and his son, Saif al-Islam Qadhafi, whom the Rothschilds have carefully cultivated and befriended over a long period.

CHENEY TRYING TO DESTROY U.S.-UK COOPERATION
The correct way to look at the Libyan sequence, therefore, is to recognise that the contrived row over the ‘Special Relationship’ reflects a US Blowback operation orchestrated by a highest-level US criminal intelligence agent called Richard B. Cheney. Furthermore, this operation fits perfectly with the ongoing deception activities of the US Treasury Secretary, Timothy Geithner, a scoundrel whose days in power (we predict) may be numbered by the ‘unfolding of events’, who is focused on replacing European representation on the Board of the over-compliant, US-controlled International Monetary Fund by procuring a reduction of seats on the Board from 24 to 20 by 2012, with the large developing countries that already have chairs retaining them. The object of this exercise is to kick the British (and possibly the French) off the Board, so that it can then be packed with more corrupt Directors from emerging countries upon whose support the desperate, corrupt elements headed by Geithner within the US Treasury depend for re-starting the collapsed derivatives trading sector.

THE UNANSWERED AFGHANISTAN QUESTION GETS NASTIER
The refusal of the British Ministry of Defence to answer the Editor’s question ‘what are we doing in Afghanistan’ – with its repeated corollary that in the absence of any coherent official answer, the Editor would have to advise readers that Great Britain is supporting a subversive US operation to acquire control over the heroin trade – is now destabilising the British Government itself.

Specifically, Eric Joyce MP, a former British Army Major and the Parliamentary Private Secretary to the Defence Secretary, Mr Robert Ainsworth, resigned on 3rd September, presenting the UK Prime Minister, Gordon Brown, with a sharp rebuff for the Government’s failure to explain to the British people why our troops are being killed in large numbers in an Afghanistan war the true rationale of which has never been explained to the British people.

This MP for Falkirk West stated pointedly in his resignation letter: “I do not think the [British] public will accept for much longer that our losses can be justified simply by referring to the risk of greater terrorism”. Dismissing this outburst as the opinion of ‘a junior parliamentary aide’, the previously almost unheard-of Mr Ainsworth failed to answer our question, or any one else’s – leaving the issue up in the air, and therefore ripe for further elaboration by this service.

To begin with, unconfirmed reports from within British military circles suggest that, despite early indications that British troops are soon to be withdrawn from Afghanistan (believed to arise due to the ‘unfolding of events’), contingency plans ALSO exist for as many as 32,000 British troops (thirty-two thousand) to be deployed there. This madness is accompanied by Mr Joyce’s further comment in his resignation letter to the following effect: ‘Britain fights; Germany pays; France calculates; and Italy avoids’, in the Afghan context. More to the point, Germany has a military force of 340,000 under arms, with a further 50,000 armed reservists, 1,000 tanks in pristine condition ready to roll and, according to information ‘special’ to this service, surreptitious nuclear weapons.

• By contrast, the British military is bleeding to death, resources are being poured down the ghastly Afghan drain to support the corrupt American grab of the heroin trade, and our aircraft carrier projects have been indefinitely postponed or cancelled in part because the UK military’s resources and services are being deliberately diverted and abused.

And why are they abused? Let’s get to the nub of this issue:

• Britain’s military forces, the best in the world, have been subverted. Specifically, they are not deployed in the national interest (given that European Union ‘Member States’ have no national interest since they have mostly been collectivised, unless we are talking about Germany and France in which case collectivisation is for the rest of the EU and not for them).

• On the contrary, our military is routinely deployed in the ‘international interest’, namely in support of an internationalist agenda, which in reality means the agenda of the criminalist internationalists.

• This reality CANNOT BE EXPLAINED TO THE BRITISH PEOPLE because they don’t know about this subversive agenda (although a huge percentage almost certainly suspects it), and because they overwhelmingly support the continued unity and sovereignty of the United Kingdom of Great Britain and Northern Ireland.

• Therefore, the UK Ministry of Defence is, in collaboration with the UK Government as a whole, engaged in a gross deception of the British people – one consequence of which includes the fact that hundreds of our finest young men are being slaughtered in a war which, contrary to vague official assurances, does not serve British interests at all.

• In fact the reverse is the case: precisely because the Ministry of Defence provides its military resources in support of internationalist (i.e. FOREIGN) interests, which they are precluded from revealing because they cannot divulge the truth to the British people, the MOD is actually engaged not only in deceiving and defrauding the British population, but in renting out its military power to the enemies of the United Kingdom.

The sooner such straightforward, basic truths start to sink into the thick skulls of brainwashed UK apparatchiks, policymakers, the political Establishment and officialdom, the better.

INSPIRING EXAMPLE SET BY THE MAYOR OF DONCASTER
They could do well to consider the behaviour of a newly elected Mayor of Doncaster, a northern British town. Announcing that he considers that his task is to reduce the costs of bureaucracy and thus the burden on the people he was elected to serve, this man has indicated that he will use his newly conferred popular power as follows:

• His first action was to reduce his own salary from £75,000 to £30,000, saving taxpayers £45,000.

• He immediately reduced the huge number of Council members to a dozen, saving the city an estimated £800,000 per annum.

• He has already blocked the funding of a ‘gay pride march’.

• He will block the funding of all superfluous and subversive ‘Common-Purpose’-influenced activities which have nothing to do with the purposes of municipal government.

• He has informed all holders of ‘non-jobs’ within the municipal bureaucracy that they had better start looking for a real job outside local government, because their non-jobs will be terminated.

• On the basis of the immediate savings he has ordered, he has announced that the Council Tax bills for local people will be reduced initially by 3%.

• He has reiterated that he was elected to serve the people of Doncaster, that he places their interests above all others, and that he will oppose, refuse and terminate all activities and expenses which contravene that purpose.

BRITISH MINISTRY OF DEFENCE IS BETRAYING THE PEOPLE
The British Ministry of Defence has sold its soul to corrupt interests which contravene those of the British people. It should come clean with the people, starting with Afghanistan. If It can’t persuade its brainwashed Government bosses to come to their senses, it should take matters into its own hands and issue a ‘Mission Statement’ indicating that it serves the interests of the British people exclusively and that it will ensure in the future that this objective is rigidly adhered to.

Of course this isn’t going to happen, is it. Well, they said that before we started this operation to eliminate the scourge of the criminalist financiers and of their Fraudulent Finance.

A GLIMPSE OF REVOLUTIONARY REALITY IN THE BURMA CONTEXT
Referencing our previous coverage of the ‘rescue’ of an American from Burma (a.k.a. Myanmar) by Senator Jim Webb, Chairman of the Senate Foreign Relations Committee, we have been informed that the rescuee was seen making a satanic salute during his transfer from Burma in the sequence described, to the United States.

This reinforces our perception that Burma is intended to be ‘unlocked’, no doubt as the Afghan situation goes from bad to worse, in the interests of the drug operations conducted by the CIA and the corrupt US military which, like the Agency, is engaged in drug-trafficking.

The ‘Burma Play’ has next to NOTHING to do with ‘establishing democracy’ and with the fate of the Burmese ‘democracy icon’, Aung San Suu Kyi – but EVERYTHING to do with validating an option to ‘unlock’ Burma in the interests of (drug-trafficking) strategy. No doubt Webb, described as ‘a gruff Vietnam veteran’, is himself a ‘Useful Idiot’ who may not understand what he is doing.

In all likelihood, the American ‘rescued’ by Senator Webb was a CIA operative or agent fulfilling instructions to prepare the ground for this ‘Burma Play’ operation, which would explain his satanic salute. In case this mystifies some people, it is a characteristic of these Workers of Darkness that they cannot contain within themselves what they are up to, often resorting to gestures – like the satanic salutes perpetrated by former President Bush Jr., and Laura Bush at the 2004 Inaugural Ball, or the same gestures by many other key operatives, including the Iranian President Ahmad Inejad (Mr Dinner Jacket) – to release their tensions.

• We liken such behaviour to the spooky gargoyles stuck up on European masonic cathedrals, many of which stick their tongues out at passers-by below.

BUSH PUSHED WAY BEYOND CO-CONSPIRATORS’ TOLERANCE
In taking stock of the ongoing and immediate ‘unfolding of events’, we may observe as follows:

• The head of the serpent, George H. W. D. V. D. Bush Sr., being of dual German and US nationality and of Germanic extraction, has, as we predicted, exhibited the cardinal weakness of all German schemers and conspirators. He has simply pushed matters so far beyond the toleration snapping-point even of his own most obliging criminalist associates in the trading, financial, official and organised crime sectors at home and abroad, that he has destroyed and forfeited their bought and blackmailed ‘loyalty’ to him and everything he stands for.

Hitler made the same mistake: he went too far and lost his essential support and underpinning, as a result. This is in fact a standard German trait, born of pride and arrogance, and one which profilers, had any with integrity existed within the structures, could have identified as soon as the scales ever started to fall from their eyes as a consequence of these exposures.

• ‘All things considered’, we should actually ‘be grateful for’ the fact that this serpent has shown himself to be true to this fateful weakness. The reason for this is as follows. By pushing bovine intransigence to such extremes, thereby alienating not only the corrupt collaborators at home and abroad without whose cooperation his criminal cartel operation cannot function, but everyone else who matters as well, he has unwittingly ensured that the FINAL OUTCOME will be seen to be MORE SATISFACTORY than would have been the case if some kind of sordid, dirty compromise had been agreed earlier in the process (which was actually impossible: see below).

• BECAUSE: The serpent’s intransigence has made it inevitable that the entire global portfolio of fraudulent off-balance sheet derivative ‘assets’ would indeed be shown and finally recognised to be worth ZERO – and that this evolved outcome would, by process of the disgust and exhaustion attributable exclusively to this serpent’s obtuse misplaced cunning and stupidity in spinning his resistance out for so long, come (much faster than anyone may have anticipated) to be accepted without question everywhere. Had some kind of compromise been reached with the weaker and now decapitated cabal and its criminalised intelligence sector hangers-on earlier, such a decisive outcome would not have been possible, and the world would have limped towards an even ghastlier catastrophe, if that can be imagined.

• Therefore, hideous, exhausting, infuriating, maddening, destructive and destabilising although this horrible experience has been for ALL concerned, that is the prohibitive price that has been and is being paid for REAL reform and fumigation.

• We expect the pace of arrests, indictments, imprisonments and ‘other measures’ to accelerate as the resistance crumbles with the COLLAPSE of the crime syndicate and its associates – beginning in the United States and spreading rapidly throughout the world.

SATAN WAS NOT CALLED THE SERPENT FOR NOTHING
In this connection, the being to which we are introduced at the beginning of Genesis, after Adam and Eve, is the underworld creature called THE SERPENT. The choice of this metaphor to signify TOTAL EVIL, was NOT ACCIDENTAL. Think about it. What does a serpent DO? It slithers around. Can it move in a straight line? Can it be relied upon for any purpose? The answer is NO.

The reason that this financial crisis may now at last be on the verge of resolution (on the basis of intelligence to hand, and assuming no or few further serpentine slithers) is that all who have stood up to and resisted the wiles of the serpent are CRUSHING THE SERPENT’S HEAD. Once the head of the serpent has been bruised, as the Bible puts it, the serpent cannot slither any longer.

What has the Bush-Clinton-CIA-DVD criminal syndicate been doing in response to the repeated initiatives taken against it by those who have finally resolved to fight for the restoration of the Rule of Law (leaving aside the reality that the corrupted US legal system needs to be purged as a matter of urgency, as well)?

Every time some kind of ‘accord’ or undertaking has been reached, the serpent has predictably reneged on its undertakings – that is to say, the snake has slithered back into the undergrowth.

• Irrespective of the details of each successive phase, this is the essence of what has been happening. The serpent has repeatedly slithered into the undergrowth instead of fulfilling its promises, which have invariably turned out to be worthless.

We have, in fact, been living through an enactment of what we are taught at the beginning of the book of Genesis, BUT WHICH MOST OF US NEVER UNDERSTOOD. We have witnessed THE ESSENCE OF EVIL, and how it operates. Those who have tried to reach accommodations with the serpent and his sub-serpents, have been deceived on every occasion.

THE SERPENT IS A DISCIPLE OF LENIN [or rather, vice versa]
Well, of course. One cannot ever reach accommodation with a serpent. It was ‘not by accident’ that Lenin, one of the 20th century’s most conspicuous incarnations of the serpent, taught his followers that ALL agreements made with ‘the bourgeoisie’ can be reneged upon whenever ‘the correlation of forces’ favours ‘the Revolution’ (which itself means ‘slithering round and round in circles’). The US revolutionary criminals at the highest level operate on precisely the same criteria: as the Editor of Soviet Analyst, this Editor can state with authority that we have observed the criminal operatives at the highest levels of the US official structures following Leninist methodology, including dialectical behaviour, TO THE LETTER.

These American and collaborating foreign operative-office-holders are disciples of Lenin. At the relevant levels, covert and overt Soviet (‘International Socialist’) and German (‘National Socialist’) long-range intelligence structures work closely together, as has been the case since long before the Molotov-Ribbentrop Pact. The collapse of that accord made no difference over the longer term, (and even among Hitler’s own Nazi intelligentsia, at the time): because it represented just another dialectical ‘switch’ – yet another ‘bait and switch’ operation.

TAKEN BY SURPRISE, THE SERPENT COULDN’T ORGANISE ITS OWN DEFENCE
So: we have been wrestling with the serpent and observing closely how he operates.

• Furthermore, in bruising the serpent’s head, all of us who have stood up against this ruthless and relentless evil, have demonstrated the indisputable fact that when faced with real opposition, the snakes were so taken by surprise that they couldn’t organise any defence.

• They slithered into the undergrowth instead.

Belatedly, they have, it is true, orchestrated ‘stings’ and scamming operations against some of us (including a CIA operation to proliferate the theft of the rights and copyright in our books to try to entice us into financially destructive litigation, which will be exposed in detail soon); but because they were so staggered that there was any opposition at all, they were taken by surprise and failed to organise in retaliation. They have been kept on the wrong foot ever since.

NO ‘GUTS’ ARE NEEDED! JUST DO IT!!
It may be recalled that a commentator, Mark Huber, reported as follows on another website, on 12th June 2008, concerning some of these exposures:

“Chris Story’s facts are understated. This is much bigger than he knows or is willing to state… so far. He is the only investigator who has had the guts to print the results of his research. It is causing unbelievable turmoil in criminal, financial and political circles, long accustomed to conducting their nefarious actions beneath the radar of the public, and honest media”.

But actually NO GUTS ARE REALLY NEEDED. The secret is: JUST DO IT!!! When you have ‘done it’ they are ALREADY on the back foot. Just as the blackmailer is actually in a weaker position than the blackmailee (who can defang the blackmailer permanently by allowing the blackmailer’s report to be acknowledged), so are these snakes PERMANENTLY disadvantaged when their criminal behaviour has been, and continues to be exposed. THEY CANNOT RECOVER FROM GENUINE EXPOSURE!

Think about it. If the allegations are true, they can’t deny them. When we have stated that Citibank is a criminal enterprise, nothing happens. Why is that? BECAUSE IT’S TRUE. And any perusal of the cases involving money center banks in the United States Court for the Southern District of New York, in Downtown Manhattan, for instance, will reveal that innumerable other colossal institutions which we could name, are criminal enterprises, as well.

WHEN WE STAND UP TO THEM, THEY ‘FALL BACK TO THE GROUND’
From which it may be deduced that when we stand up to these criminals, they are so staggered that ANYONE has had the effrontery to DARE to contradict them, which has never taken place before, that they become mired in confusion. This confusion becomes all the more agonising and acute for them because the serpent’s arrogance, given that he has perpetrated these huge crimes without opposition for so long, has blinded him and his fellow demons to the reality that the opposition is no flash in the pan, but is – let’s boldly acknowledge the fact – supported and ordained by the Divine Providence. The credit belongs NOT to any one of us, but exclusively to The Lord.

• In this context, if you search the scriptures, you will find that the demons are NOT atheists. They KNOW about the Lord, and are TERRIFIED (12).

Those who cannot bring themselves to believe this, or to believe at all, would nevertheless do well to contemplate, in this context, the following verses from the Gospel of John that we have often highlighted before:

‘Jesus therefore, knowing all things that should come upon him, went forth, and said unto them, Whom seek ye?’

‘They answered him, Jesus of Nazareth. Jesus saith unto them, I am he. And Judas also, which betrayed him, stood with them’.

“As soon then as he had said unto them, I am he, they went backward, and fell to the ground’. [John, Chapter 18, verses 4-6].

He withstood them, and they went backwards, and fell to the ground. That is what happens when we resolutely, and with steely determination, and knowing by Whom we are supported, stand up to the serpent and his disciples.

Notes and References:

1. ‘Bravo to Christopher Story. His answer is so appropriate and eloquent. This shows once again, what a “class act” this talented man is! In such a critical time, it is without question appropriate to use best judgment and to act as prudently as possible. Waiting a few extra days is not going to be the end of the world. Some people lose perspective of the enormous scope of what’s coming’.

In the event, as indicated in the main text, we have been specifically informed that the two main consequences associated with our delay in publishing that are noted, arose because, after turning down the extraordinary 2% (or 2.5%) cut offer (as described later in this report), Bush’s duplicity was FINALLY comprehended by certain cadres who ought to have known much better years earlier.

2. Uttering threats is a Federal offence no matter how the threat is uttered; but in the present context it is understood that Bush Sr. has been uttering threats of physical retribution over the phone. [In a much earlier commentary, we may have suggested that the utterance of threats, which is a criminal offence in the United Kingdom, may not have the same ‘standing’ in the United States. We elaborated this in the context of the numerous threats received by the Editor of this service (now up to 28, by the way, of which six have been explicit death threats, and excluding the ‘Triple Gunshot Voicemail’ episode that followed the ‘lockdown’ of the $14+ trillion achieved on 10-12th September 2008 as a direct consequence of our intervention).

• We stand corrected and now confirm what we should have known earlier, that the utterance of threats in the United States is a Federal offence.

3. Email received by the Editor from a high-level payee at 6:01pm on Thursday 3rd September 2009.

4. The Wall Street Journal, 3 September 2009, International Finance section, page C2, ‘Foreign banks caught in a bind’, report from Shanghai by Denis McMahon.

5. “Europe has mapped its monetary exit’, Jean-Claude Trichet, President, European Central Bank, the Financial Times, London, 3rd September 2009.,

6. ‘Derivatives users warn on OTC regulation’, The Financial Times, 2 September 2009.

7. The Daily Telegraph, Business section, 4th September 2009, page 1, ‘Moulton quits Alchemy over strategy’. The insider added: ‘Many of Alchemy’s investors have been with Jon [Moulton] for a long time. He has made them a lot of money and they put their money to work based on him’.

• These savvy investors, noting that one of the very top UK hedge fund operators is getting out of the business NOW, will most certainly take the hint and grasp the opportunity (IF IT STILL REMAINS) presented by the associated variation of the ‘key man’ clause, to remove their funds from Alchemy before it collapses. This is proxy for the ENTIRE derivatives sector, as it unwinds, because off-balance sheet funds WILL be worth zero, whatever Geithner, the industry lobbying organisations and the Financial Times may propagandise to the contrary. Money is being rapidly removed from these entities whenever possible.

8. It was Lenin who used the phrase ‘the unfolding of events’ to describe or hint at a cascading sequence of developments destined to swamp and smother all attempts to resist it. As noted elsewhere in this report (and also earlier), US holders of high office and routine CIA behaviour demonstrate by their slimy words and unreliable undertakings that they are de facto disciples of Lenin – in many respects, more skilled and devious than their Soviet counterparts.

9. ‘Financial stability depends on more capital’, by Timothy Geithner, US Treasury Secretary (for the time being), The Financial Times, 3 September 2009.

10. Concerning CIA-‘President’ Obama, we have been remiss of late in failing to post a reminder that on 14th June 2008, the well-regarded News Host Tim Russert died suddenly of a ‘heart attack’ aged 58, almost immediately after concluding an interview with Barack Hussein Obama. It will be recalled that the Bush Godfather appeared at the funeral.

11. The matter of the involvement of the Scottish Nationalist minority Government is a separate issue here, and is excluded from this analysis. However the incident has unveiled the fact that this Scottish devolved government, established under Blair’s devolution project in 1999, is behaving as though Scotland is a sovereign power in its own right – pursuing ‘trade’ agreements with countries such as Qatar, representing itself in Brussels, and otherwise conducting itself in precise conformity with one of Lenin’s more obscure dicta: ‘separation precedes federation’ (although the Scottish nationalists will have a problem with the ‘federation’ bit.

[This subject requires a separate presentation].

12. ‘Thou believest that there is one God; thou doest well: the devils also believe and tremble’, James (the brother of Jesus), Chapter 2, verse 19.

• COPYRIGHT NOTICE: The Editor and his companies have taken measures to obtain protection and recompense for the gross breaches of the 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].

LIST OF U.S. STATUTES, SECURITIES REGULATIONS AND LEGAL PRINCIPLES OF WHICH THE CRIMINALISTS, ASSOCIATES AND ALL THE MAIN FINANCIAL INSTITUTIONS REMAIN IN BREACH:

LEGAL TUTORIAL: The Steps of Common Fraud:

Step 1: Fraud in the Inducement: “… is intended to and which does cause one to execute an instrument, or make an agreement… The misrepresentation involved does not mislead one as the paper he signs but rather misleads as to the true facts of a situation, and the false impression it causes is a basis of a decision to sign or render a judgment”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Fraud’.

Step 2: Fraud in Fact by Deceit (Obfuscation and Denial) and Theft:

• “ACTUAL FRAUD. Deceit. Concealing something or making a false representation with an evil intent [scanter] when it causes injury to another…”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Fraud’.

• “THE TORT OF FRAUDULENT DECEIT… The elements of actionable deceit are: A false representation of a material fact made with knowledge of its falsity, or recklessly, or without reasonable grounds for believing its truth, and with intent to induce reliance thereon, on which plaintiff justifiably relies on his injury…”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Deceit’.

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

• “FRAUDULENT CONCEALMENT… The hiding or suppression of a material fact or circumstance which the party is legally or morally bound to disclose…”.

• “The test of whether failure to disclose material facts constitutes fraud is the existence of a duty, legal or equitable, arising from the relation of the parties: failure to disclose a material fact with intent to mislead or defraud under such circumstances being equivalent to an actual ‘fraudulent concealment’…”.

• To suspend running of limitations, it means the employment of artifice, planned to prevent inquiry or escape investigation and mislead or hinder acquirement of information disclosing a right of action, and acts relied on must be of an affirmative character and fraudulent…”.

Source: Black, Henry Campbell, M.A., ‘Black’s Law Dictionary’, Revised 4th Edition, St Paul: West Publishing Company, 1968, s.v. ‘Fraudulent Concealment’.

FRAUDULENT CONVEYANCE:

• “FRAUDULENT CONVEYANCE… A conveyance or transfer of property, the object of which is to defraud a creditor, or hinder or delay him, or to put such property beyond his reach…”.

• “Conveyance made with intent to avoid some duty or debt due by or incumbent or person (entity) making transfer…”.

Source: Black, Henry Campbell, M.A., ‘Black’s Law Dictionary’, Revised 4th Edition, St Paul: West Publishing Company, 1968, s.v. ‘Fraudulent Conveyance’.

U.S. SECURITIES REGULATIONS OF WHICH INSTITUTIONS
HAVE BEEN SHOWN TO BE IN BREACH [SEE REPORTS]:

• NASD Rule 3120, et al.
• NASD Rule 2330, et al
• NASD Conduct Rules 2110 and 3040
• NASD Conduct Rules 2110 and IM-2110-1
• NASD Conduct Rules 2110 and SEC Rule 15c3-1
• NASD Conduct Rules 2110 and 3110
• SEC Rules 17a-3 and 17a-4
• NASD Conduct Rules 2110 and Procedural Rule 8210
• NASD Conduct Rules 2110 and 2330 and IM-2330
• NASD Conduct Rules 2110 and IM-2110-5
• NASD Systems and Programme Rules 6950 through 6957
• 97-13 Bank Secrecy Act, Recordkeeping Rule for funds transfers and transmittals of funds, et al.

U.S. LAWS ROUTINELY BREACHED BY THE CRIMINAL OPERATIVES AND INSTITUTIONS:

• Annunzio-Wylie Anti-Money Laundering Act
• Anti-Drug Abuse Act
• Applicable international money laundering restrictions
• Bank Secrecy Act
• Crimes, General Provisions, Accessory After the Fact [Title 18, USC]
• Currency and Foreign Transactions Reporting Act
• Economic Espionage Act
• Hobbs Act
• Imparting or Conveying False Information [Title 18, USC]
• Maloney Act
• Misprision of Felony [Title 18, USC] (1)
• Money-Laundering Control Act
• Money-Laundering Suppression Act
• Organized Crime Control Act of 1970
• Perpetration of repeated egregious felonies by State and Federal public employees and their Departments and agencies, which are co-responsible with the said employees for ONGOING illegal and criminal actions, to sustain fraudulent operations and crimes in order to cover up criminalist activities and High Crimes and Misdemeanours by present and former holders of high office under the United States
• Provisions pertaining to private business transactions being protected under both private and criminal penalties [H.R. 3723]
• Provisions prohibiting the bribing of foreign officials [F.I.S.A.]
• Racketeer Influenced and Corrupt Organizations Act [R.I.C.O.]
• Securities Act 1933
• Securities Act 1934
• Terrorism Prevention Act
• Treason legislation, especially in time of war.

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

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

ADVERTISEMENT: INTERNET SECURITY SOLUTION

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.

NEGOTIATED SETTLEMENTS DECEIT SHARPLY REBUFFED

OBAMA AND GEITHNER IN SORDID ‘TAKE IT OR LEAVE IT’ SCAM

Wednesday 1 July 2009 17:44

• WHITE HOUSE AND TREASURY SEEKING TO RENEGE ON THEIR OBLIGATIONS

• DEADLINE OF CLOSE OF BUSINESS ON 1ST JULY APPARENTLY TREATED AS ‘BLUFF’

• INTERNATIONAL CURRENCY REVIEW, Volume 34, #s 3 & 4, will be ‘on machine’ shortly. It will be distributed to subscribers worldwide in July. It tells the incredible narrative of behind-the-scenes events associated with this criminal finance crisis (almost all of which have been missed by the so-called ‘mainstream’ press), since September 2008, when the practical consequences of the US Government’s financial criminality boomeranged worldwide. The journal provides a permanent record of these events, making it impossible for them to be expunged from the record.

INTERNET SECURITY SOLUTION: see foot of this report and the World Reports catalogue.

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:

EDITOR INFORMED OF DEADLINE OVER WEEKEND
Late on Saturday 27th June 2009, the Editor of International Currency Review was informed that a deadline for performance of officially hijacked and grossly overdue Settlement monies, had been advised. The deadline is close of business Dallas, TX, time on 1st July 2009.

Relevant parties were informed that failing Settlement in full by the deadline, exposures of crimes hitherto kept secret from the general public will proceed, and this service was requested to stand ready to receive a steady stream of compromising material which has been held back hitherto.

It has to be said that, as a publicist, the Editor of this service did recommend a long time ago that certain intelligence so far kept under wraps should be released, since, as Lenin taught, exposure is the ONLY weapon that ‘works’ when confronting recalcitrant serial criminal operatives who think they are protected from the consequences of their crimes (in this context, by the National Security Act of 1947 et seq). As a criminal operative himself, Lenin knew whereof he spoke on this score.

OBAMA PERSONALLY SABOTAGED THE LATEST PAYMENTS PROCESS
We have three separate authoritative reports to the effect that the allocation and distribution of monies compliant with the end of June payment scenario was aborted by President Barack Obama. The third confirmation of this provoking intervention was received as this urgent report was being finalised. For your information, THREE interferences had also been made by 5:30pm UK time to try to prevent us from posting this report. We assume that these US interventions are consistent with Obama’s now thrice-confirmed PERSONAL SABOTAGE OF THE SETTLEMENTS.

We further understand that the World Court have read the riot act to this man and that World Court personnel were despatched to the White House to inform this Obama fellow of the consequences of his continued intransigence. As the matter was put to us, these are liable to be dire.

‘STRUCTURED SETTLEMENTS’ DECEPTION PROMOTED BY THE WHITE HOUSE
Emulating the behaviour of the Bush II Administration, which at one stage was caught in flagrante parcelling out segments of the ‘Wanta’ tax payment in the clear expectation and intent that it would never be paid onto the books, with the tax monies annexed instead for illicit purposes, the Obama White House and the Geithner Treasury have put it about that the payees are to accept ‘Structured Settlements’ on a ‘take it or leave it’ basis.

In translation, that means ‘here, take this pittance and these IOUs which may promise payment in tranches over 30 years, and be grateful, and shut up’: which is exactly what certain parties would appear to be minded to do, or actually doing.

THE PURPOSE OF THE EXERCISE
The underlying objectives of this latest instance of White House and US Treasury Financial Terror are the same as have become apparent for months under the Obama Administration:

(1) The bulk of the Settlements money is retained by the criminal enterprises and their official associates and intermediaries for illicit financing purposes.

(2) Taxes payable as a consequence of implementation of the G-7-Approved Fully Transparent on-the-books taxable private sector Refunding Programme with no Government sector input, are to be DENIED to the US Treasury, which represents TREASON AND FINANCIAL/ECONOMIC TERRORISM COMMITTED AGAINST THE AMERICAN TAXPAYER and against future generations of Americans.

GOVERNMENT CAN ONLY CREATE DEBT: PRIVATE SECTOR GENERATES TAXABLE REVENUE
As we have reiterated here and in our financial intelligence publications:

• The Government Sector is capable ONLY of creating DEBT. Since it generates no revenue, it cannot tax itself (other than via income taxes levied on its employees). By contrast:

• Only the Private Sector generates REVENUE which the Government Sector can tax. In the financial trading context that we are talking about, transparent on-the-books trading generates transparent REVENUES which trigger transparent tax accruals.

•FACT: Revenues arising from private sector trading cascade into the Treasury with NO INPUT FROM GOVERNMENT WHATSOEVER. The Government DOES NOTHING: all it does is collect the windfall revenues. NO UNNECESSARY DEBT WHATSOEVER IS GENERATED.

• QUESTION: Then why do the Obama White House and the Geithner Treasury prefer to burden current and future generations of American taxpayers with a colossal portfolio of UNNECESSARILY INCURRED OFFICIAL DEBT THAT CAN NEVER BE REPAID?

• ANSWER: Because they are evidently NOT INTERESTED in resolving the colossal problems facing Americans, but PREFER INSTEAD to retain control of trading so that they and their corrupt cronies and criminal enterprises/intermediaries can continue (so they assume) to benefit financially, to fund the colossal ‘Black Ops’ budget of the controlling CIA Intelligence Power, and to refloat the moribund and fraudulent derivatives sector which represents a gigantic pile of Ponzi operations.

DERIVATIVES SECTOR BASED ON PONZI PRINCIPLES
The derivatives menace which has been found wanting by this service reflects the hegemony of the FALSE PROSPECTUS. The prospectus underlying a derivatives ‘product’ is false because it represents to the targeted investor that it encapsulates value, whereas the REALITY is that the promoter of the ‘derived’ product has NO RECOURSE to real underlying cash flow. THEREFORE derivatives operations are based, like Madoff’s marketing, on the familiar classic PONZI FRAUD.

How is a derivatives operation funded? Why, by pouring more funds into the Ponzipot, just like Madoffism. And when, as happened last September, NO MORE REAL HEAVY MONEY IS AVAILABLE, the derivatives Ponzi operation collapses. Last September’s collapse occurred because the Editor of this service advised that the LOAN funds made available by sovereign parties to finance the G-7-Approved Dollar Refunding Programme be placed into ‘lockdown’, as they had been systematically exploited by these US official crooks since the funds were originally made available by the Bank of England to the Bank of New York Mellon on 19th-20th June 2007.

• When it became apparent that the Obama Administration could no more be trusted to honour its international obligations than its discredited criminal predecessor, the entire $14.0+ trillion LOAN funding was finally withdrawn altogether on 29th January 2009, again consistently with our advice.

Bernard Madoff can look forward to being released from jail on 29th June 2159, having received the full tariff of 150 years’ incarceration applicable to the counts against him. Those who will follow him, beginning no doubt with Stanford, can expect a similar 100% tariff, given the Madoff Judge’s clear warning that his rejection of pleas for a lower tariff reflected inter alia the need to provide a strong deterrent against further such abuses.

On the basis of the Madoff tariff, the crimes now being committed against the American people by the Financial Terrorists in the White House, the US Treasury, the US State Department and the Federal Reserve cannot be expected to fall much short of a millennium of incarceration a piece.

SUMMARY OF WHITE HOUSE/TREASURY FINANCIAL TERRORISM
In a nutshell, instead of facilitating the G-7-Approved Private Sector fully transparent taxable, revenue-generating US Dollar Refunding Programme, which requires ZERO Government input and yields a cascade of ongoing tax revenues which will be more than enough to finance all of Obama’s programmes and to resolve all US financial issues, while at the same time reliquefying the banks ON THE BOOKS, the Obama White House prefers instead to pursue a flawed strategy of Fraudulent Finance based upon a Ponzi-model False Prospectus to revive the dead derivatives horse so that these people can continue indefinitely to control trading (as they see it). This is a flawed policy that is destined to fail and collapse, as well as representing a wanton act of Financial Terrorism.

NEGOTIATED SETTLEMENTS ‘SOLUTION’ REJECTED
While we cannot speak for other parties who may fall for Obama’s ‘sugar tips’ guile, offering payees a ‘negotiated settlement’ implying a small down payment and worthless promises to pay (spaced way out into the future), we are in a position to state that certain specific undertakings have to be met by close of business Dallas-time today, if a very serious escalation of the crime exposures, and of international tensions generally, are to be avoided.

As noted above, it has been mooted that ‘Structured Settlements’ are on the table: take it or leave it. The purpose of this notice is to advise those concerned that full implementation of undertakings agreed on 17th May 2008 at Madison, Ohio, regarding Payables Due within specified Due Diligence Documentation Parts 1 and 2 and dated 19th November 2004 to 23rd November 2008 is expected by close of business today.

The details of the relevant Due Diligence papers are, in outline, as follows:

• Due Diligence Documentation, Part 1: regarding Ameritrust Groupe, Inc., A Commonwealth of Virginia Corporation and Michael C. Cottrell, B.A., M.S., then Director, Executive Vice President and Treasurer: 19th November 2004-March 2008, with the following segments: Payorders; ATG-PII JV; MCC Due Diligence; Director History; Morgan Stanley Securities Account; ATG Tax Documents; LEW Permits; Commonwealth of Virginia Tax Department.

• Due Diligence Documentation, Part 2: Accounts Payable regarding Ameritrust Groupe, Inc., A Commonwealth of Virginia Corporation and Michael C. Cottrell, B.A., M.S., then Director, Executive Vice President and Treasurer: 19th November 2004- March 2008, with the following segments: Payable 1; Payable 2; Payable 3; Payable 4; Payable 5; ATG Payorders; ATG Corporate Resolutions; ATG By-Laws. These Due Diligence documents contain binding signed obligations.

• Supplementary Documentation: Pennsylvania Investments, Inc.: A Pennsylvania Corporation incorporated in December 1984: Due Diligence regarding Michael C. Cottrell, President and CEO, and Delmarva Timber Trust, et al: Secretary/Trustee: May 2003.

Referencing again the meeting dated 17th May 2008 at Madison, Ohio, Michael C. Cottrell was authoritatively informed that ‘the plan is to be followed’ involving Mr Cottrell and Pennsylvania Investments, Inc. This information, confirmed in an Affidavit dated 5th September 2008, was made available to highest-level British authorities, with the advice proffered by the Editor of this service concerning the absolute necessity for the abuse of the sovereign LOAN funds to be brought to an immediate end, which is what happened on 10th-12th September 2008 (after which the Editor of this service received the triple gunshot voicemail, as previously reported).

Two subsequent packages of related information and advice that were forwarded to highest-level British authorities were intercepted and aborted by a British agent. This matter was reported in detail to Thames Valley Police, Special Branch, Kidlington, Oxfordshire, two weeks ago; and the packages, dated 30th January 2009 and 3rd March 2009 were simultaneously resubmitted.

The above information references the arrangements that have been made to operate the G-7 Refunding Programme out of London, given the refusal of the Obama White House and of the Geithner Treasury to permit implementation of SOUND FINANCE, in favour of Fraudulent Financing operations based upon a false Ponzi-style Prospectus model

PERVERSE STANCE DOOMED TO CATASTROPHIC FAILURE
Believe it or not, the ‘designers’ of the Obama/Geithner False Prospectus formula PREFER DEBT for a sinister reason: debt presupposes cash flow. DEBT implies cash flow.

And cash flow within debt CAN BE STOLEN. Underlying this stance is a reckless determination to maintain control of illicit, off-balance sheet, corrupt trading and stealing, regardless of the other side of the balance sheet: IMMENSE AND COMPLETELY UNNECESSARY U.S. TREASURY DEBT.

By contrast, the British authorities are extremely interested in the London-based Refunding Programme, given that all trading monies resident within the British jurisdiction for 24 hours or more are taxable in the United Kingdom.

The London-based Refunding is the answer to the British Government’s desperate financial problems, which explains why the sabotage of our conveyance of materials to the highest UK levels has been reported in detail to Thames Valley Police (Special Branch), Kidlington.

PARTICIPATING IN ‘STRUCTURED SETTLEMENT’ = CO-CONSPIRACY
Those who may decide to fall for the blandishments of the US pied piper and who agree to ‘settle’ on his corrupt ‘take it or leave it’ (a down payment now and IOUs out to infinity) terms, immediately become co-conspirators with the official perpetrators of this latest variant extracted from the US Treasury’s box of scams. They will be participating with the corrupt US authorities in an operation designed to pillage the American taxpayer and to burden future generations of Americans. As such, these co-conspirators become financial terrorists along with Obama, Geithner, Clinton, Clinton, Bush, Bush, Bernanke, Kissinger, Greenspan and the rest of the Syndicate which is holding not just the United States and its people to ransom, but the whole of the Rest of the World, as well.

Promises were made on 17th May 2008 at Madison, Ohio and on 15th May 2009 in Erie, Pennsylvania. Failure to deliver on these promises will trigger:

(1) Wide-ranging exposures of criminal financial operations that have hitherto been withheld in order to assist the Settlement process.

(2) Court action on both sides of the Atlantic.

The deadline is close of business, Dallas time, TODAY.

LIST OF U.S. STATUTES, SECURITIES REGULATIONS AND LEGAL PRINCIPLES OF WHICH THE CRIMINALISTS, ASSOCIATES AND ALL THE MAIN FINANCIAL INSTITUTIONS REMAIN IN BREACH:

LEGAL TUTORIAL: The Steps of Common Fraud:

Step 1: Fraud in the Inducement: “… is intended to and which does cause one to execute an instrument, or make an agreement… The misrepresentation involved does not mislead one as the paper he signs but rather misleads as to the true facts of a situation, and the false impression it causes is a basis of a decision to sign or render a judgment”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Fraud’.

Step 2: Fraud in Fact by Deceit (Obfuscation and Denial) and Theft:

• “ACTUAL FRAUD. Deceit. Concealing something or making a false representation with an evil intent [scanter] when it causes injury to another…”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Fraud’.

• “THE TORT OF FRAUDULENT DECEIT… The elements of actionable deceit are: A false representation of a material fact made with knowledge of its falsity, or recklessly, or without reasonable grounds for believing its truth, and with intent to induce reliance thereon, on which plaintiff justifiably relies on his injury…”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Deceit’.

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

• “FRAUDULENT CONCEALMENT… The hiding or suppression of a material fact or circumstance which the party is legally or morally bound to disclose…”.

• “The test of whether failure to disclose material facts constitutes fraud is the existence of a duty, legal or equitable, arising from the relation of the parties: failure to disclose a material fact with intent to mislead or defraud under such circumstances being equivalent to an actual ‘fraudulent concealment’…”.

• To suspend running of limitations, it means the employment of artifice, planned to prevent inquiry or escape investigation and mislead or hinder acquirement of information disclosing a right of action, and acts relied on must be of an affirmative character and fraudulent…”.

Source: Black, Henry Campbell, M.A., ‘Black’s Law Dictionary’, Revised 4th Edition, St Paul: West Publishing Company, 1968, s.v. ‘Fraudulent Concealment’.

FRAUDULENT CONVEYANCE:

• “FRAUDULENT CONVEYANCE… A conveyance or transfer of property, the object of which is to defraud a creditor, or hinder or delay him, or to put such property beyond his reach…”.

• “Conveyance made with intent to avoid some duty or debt due by or incumbent or person (entity) making transfer…”.

Source: Black, Henry Campbell, M.A., ‘Black’s Law Dictionary’, Revised 4th Edition, St Paul: West Publishing Company, 1968, s.v. ‘Fraudulent Conveyance’.

U.S. SECURITIES REGULATIONS OF WHICH INSTITUTIONS
HAVE BEEN SHOWN TO BE IN BREACH [SEE REPORTS]:

• NASD Rule 3120, et al.
• NASD Rule 2330, et al
• NASD Conduct Rules 2110 and 3040
• NASD Conduct Rules 2110 and IM-2110-1
• NASD Conduct Rules 2110 and SEC Rule 15c3-1
• NASD Conduct Rules 2110 and 3110
• SEC Rules 17a-3 and 17a-4
• NASD Conduct Rules 2110 and Procedural Rule 8210
• NASD Conduct Rules 2110 and 2330 and IM-2330
• NASD Conduct Rules 2110 and IM-2110-5
• NASD Systems and Programme Rules 6950 through 6957
• 97-13 Bank Secrecy Act, Recordkeeping Rule for funds transfers and transmittals of funds, et al.

U.S. LAWS ROUTINELY BREACHED BY THE CRIMINAL OPERATIVES AND INSTITUTIONS:

• Annunzio-Wylie Anti-Money Laundering Act
• Anti-Drug Abuse Act
• Applicable international money laundering restrictions
• Bank Secrecy Act
• Crimes, General Provisions, Accessory After the Fact [Title 18, USC]
• Currency and Foreign Transactions Reporting Act
• Economic Espionage Act
• Hobbs Act
• Imparting or Conveying False Information [Title 18, USC]
• Maloney Act
• Misprision of Felony [Title 18, USC] (1)
• Money-Laundering Control Act
• Money-Laundering Suppression Act
• Organized Crime Control Act of 1970
• Perpetration of repeated egregious felonies by State and Federal public employees and their Departments and agencies, which are co-responsible with the said employees for ONGOING illegal and criminal actions, to sustain fraudulent operations and crimes in order to cover up criminalist activities and High Crimes and Misdemeanours by present and former holders of high office under the United States
• Provisions pertaining to private business transactions being protected under both private and criminal penalties [H.R. 3723]
• Provisions prohibiting the bribing of foreign officials [F.I.S.A.]
• Racketeer Influenced and Corrupt Organizations Act [R.I.C.O.]
• Securities Act 1933
• Securities Act 1934
• Terrorism Prevention Act
• Treason legislation, especially in time of war.

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

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

ADVERTISEMENT: INTERNET SECURITY SOLUTION

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.

OBAMA PREFERS ‘TRASHETS’ OVER DEBT-FREE SOLUTION

STABILISATION WITHOUT DEBT TO BE HANDLED FROM LONDON

Tuesday 14 April 2009 14:00

UPDATE, 22nd April 2009:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

• GRIEVOUS DISPLAY OF ARROGANCE AND TREASON AGAINST THE AMERICAN PEOPLE

• PRIVATE SECTOR REFUNDING WITHOUT OFFICIAL INVOLVEMENT IS THE ANSWER

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

• GEITHNER-SUMMERS’ FRAUDULENT FINANCE GENERATES HUGE UNNECESSARY DEBT

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

NAVIGATING THIS REPORT:

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

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

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

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

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

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

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

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

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

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

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

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

• THE LEGALISATION OF FINANCIAL CORRUPTION

• REASON FOR PRESENTING THIS ANALYSIS

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

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

• DESCRIPTIONS WITH CHARTS OF DERIVATIVE SCAM METHODOLOGY

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

NEW REPORT STARTS HERE:

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

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

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

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

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

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

Let’s not mince words here:

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

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

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

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

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

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

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

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

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

Here are the basic economic FACTS of the matter:

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

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

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

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

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

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

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

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

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

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

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

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

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

WRONG! You are careering towards DISASTER.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Such speculation would be along the right lines!

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

• Obama arrives at Stansted under a cloud.

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

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

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

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

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

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

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

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

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

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

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

• Committing treason against the American Republic and People.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

• CHART LEAFLET DISTRIBUTED IN VIRGINIA AND D.C:

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

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

Deconstruction of the Paulson Treasury ‘TARP’ operation:

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

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

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

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

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

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

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

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

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

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

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

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

• The Bush Task Group on Regulation of Financial Services;

• CAPCOM, CARLYLE, ENRON, and:

• The Gramm-Leach-Bliley Act of 1999.

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

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

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

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

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

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

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

• NSDD-32, NSDD-66, and NSDD-75.

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

• NSDD-66, issued in November 1982, declared that that it would be ‘US policy to disrupt the Soviet economy by attacking a ‘strategic triad’ of critical resources that were deemed essential to Soviet economic survival (8).

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

C: CAPCOM

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

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

• Capcom Securities, Ltd.;

• Capcom Inc.;

• Capcom Co., Ltd.;

• Chemical Futures, Inc.; and:

• Capcom Equities, Inc. (22).

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

(3) The Competitive Equality Banking Act of 1987;

(4) The Electronic Fund Transfer Act;

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

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

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

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

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

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

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

• A Federal Banking Agency should be created;

• The Securities Act of 1933 should be amended;

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

PART TWO – A:

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

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

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

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

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

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

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

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

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

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

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

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

PART TWO – B:

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

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

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

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

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

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

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

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

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

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

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

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

This scheme was to operate as follows:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

DERIVATIVE SCAM METHODOLOGY:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

The issuer guarantees:

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

(2) To assume responsibility for the completeness, accuracy,
and proper certification of all information in the registration statement and prospectus;

(3) To disclose all pending litigation;

(4) To use the proceeds for the purposes stated;

(5) To comply with State securities laws;

(6) To work to get listed on the agreed-upon exchange; and

(7) To indemnify the underwriters for liability arising out of omissions
or misrepresentations for which the issuer had responsibility (135).

• Figure 1 on page 25 [of the journal: see Special Chart Note below] provides a flowchart to illustrate how these MBS/CDO/CDS scams are structured and develop, identifying the primary institutions involved. This chart is reproduced exactly as supplied to us by our expert adviser, Michael C. Cottrell, B.A., M.S., with visual enhancement by the Editor of this service.

• Figure 2 on page 27 [of the journal: see Special Chart Note below] ‘zooms’ in on the right-hand component of Figure 1, showing how the institutional resale of the MBS/CDS/CDOs is scammed internationally, showing the underwriting, issuing, selling, and the purchasing of the mortgage-backed securities of FNMA and FHLMC via pooled securitisation.

As noted, prior to 8th September, 2008, FNMA and FHLMC were both Government Sponsored Enterprises (GSEs) which owned or guaranteed approximately 50% of the mortgage market in the United States, aggregating over $5 trillion of outstanding debt and mortgage-backed securities issued by them (136). As publicly traded securities, these GSE-issued mortgage-backed securities were purchased by other mortgage originators, securitised by them, and ‘re-sold’ by them as mortgage-backed securities to other investors (137).

The referenced world-wide institutions shown in Figures 1 and 2 – Goldman Sachs, A.I.G., Lehman Brothers, Morgan Stanley. Citibank. JPMorganChase, Wachovia, Deutsche Bank, Barclays Bank, Bank of England, NatWest [RBS], Coutts [RBS], General Motors, Ford Motor Company and General Electric – purchased, re-packaged, and re-sold the various ‘Structured Products’ under the guise of offsetting the risks of the ‘challenging market environment’, according to numerous financial experts who ventilated on this subject between 2001 and September 2008.

Even after the credit freeze that developed following the measures taken in mid-September 2008 in the United Kingdom which resulted in the placement into ‘lockdown’ of $6.2 trillion of LOAN funds plus $7.8 trillion of sovereign funds for the Settlements (= $14.0 trillion) referenced in our website reports – thereby depriving the carousel of its illegally exploited ‘real’ cash base – there have been innumerable attempts to induce the public to view ‘Structured Products’ in a positive light.

For instance, on 5th November 2008, The Wall Street Journal displayed more than one full page describing the advantages and values of ‘Structured Products’ and why investors should continue to buy them, promoting them as tools to help manage volatility and to protect portfolios (138).

WALL STREET JOURNAL COMMENTS ON ‘STRUCTURED PRODUCT’ TYPES
Regarding the standard types of ‘Structured Products’, the article stated that some use leverage to enhance upside returns and may or may not cap (limit) the upside.

• Absolute Return Notes: Pay returns if the underlying (security) goes up or down but are not traded outside a specific range (139).

• Buffered Return Enhance Notes:
Provide downside protection if the ‘underlyings’ do not breach a preset barrier, while Reverse Convertible Securities pay handsome coupons and the performance upside of a stock; but if the stock breaches a downside price, they will convert into that stock’s shares (140).

There are also Partial- or Fully Principal-Protected Notes, which guarantee that some or all of an investor’s principal will be returned at maturity even if the underlying performs poorly (141).

The Wall Street Journal article elaborated:

‘Issuers of Structured Products are large investment banks or affiliated firms in the United States or around the world. Issuers may craft a structured investment that they believe would appeal to many investors, then sell these so-called ‘off-the-shelf’ investments’ through large, regional or independent broker/dealers, and/or financial planners. An issuer may also customize a single Structured Product tailored to a specific investor’s needs’ (142).

Additionally, the WSJ article concluded that ‘… one important aspect with structured investments is to understand the credit risk in the product, i.e., the risk that an issuer may not be able to honor its obligation to repay investors in the future is a risk inherent in many Structured Products…’ (143).

NEW DERIVATIVE SCAMMING LEGISLATION:
THE EMERGENCY ECONOMIC STABILIZATION ACT OF 2008

Public Law 110-343, also known as The Emergency Economic Stabilization Act of 2008, was signed into law by President Bush Jr. on 3rd October 2008.

Within this act was also enacted the Troubled Assets Relief Program (TARP) which authorised the US Secretary of the Treasury to spend up to $700 billion to purchase distressed assets. The Act stated that its purpose is: ‘To provide authority for the Federal Government to purchase and insure certain types of troubled assets for the purposes of providing stability to and prevent disruption in the economy and financial system and protecting taxpayers, to amend the Internal Revenue Code of 1986 to provide incentives for energy production and conservation, to extend certain expiring provisions, to provide individual income tax relief, and for other purposes’ (144).

The law authorised the Secretary of the Treasury to draw up to $250 billion for immediate use, and then required the President of the United States to certify when an additional $100 billion of funds are needed. Disbursement of the final $350 billion was subject to Congressional approval (145).

Mr Neel Kashkari was appointed on 6th October 2008, by Treasury Secretary Paulson, as the interim head of the Office of Financial Stability , formed under the legislation, and was tasked to administer the TARP program (146).

The Troubled Assets Relief Program has several administrative units:

(1) A Mortgage-backed Securities Purchase Program – to identify which of the troubled assets should be purchased, and the purchase mechanism to be used;

(2) A Whole Loan Purchase Program – to identify which types of loans should be purchased first from regional banks, and how to value them, since the banks are clogged with whole residential mortgage loans;

(3) An Insurance Program – to establish a viable scheme to insure troubled assets, including mortgage-backed securities and whole loans;

(4) An Equity Purchase Program – to purchase equity in a broad array of financial institutions; and

(5) A Home Ownership Preservation Scheme – to help US homeowners when TARP purchases mortgages and MBS securities, and other ‘Structured Products’ (147).

However, by 12th October 2008, it had become evident that TARP as described to Congress and as administered by the Office of Financial Stability could not be operated in accordance with the legislation and described above.

On 23rd September 2008, Treasury Secretary Paulson had told the US Senate Banking Committee that ‘some said we should just stick capital in the banks, take preferred stock in the banks. That’s what you do when you have failure, this is about success’(148). Mr Paulson also told lawmakers that it made more sense to jumpstart the frozen credit markets (frozen over, due to the MBS-CDS-CDO illiquidity) with ‘market measures’, by which he meant buying up assets rather than institutions (149). Then, within a few days, Mr Henry M. Paulson Jr. confirmed his intention to buy stakes in banks by asserting that: ‘We can use the taxpayer’s money more effectively and efficiently, get more for the taxpayer’s dollar, if we develop a standardized program to buy equity in financial institutions’(150).

The Treasury was the source of the US Federal Government’s plan, under the disreputable Bush II Administration, to buy up to $700 billion worth of illiquid Mortgage-Backed Securities (MBS) with the supposed intent to increase liquidity availability in the secondary mortgage markets and to reduce potential losses by financial institutions owning these securities (151).

TARP was sold to Congress on the basis that the US Treasury would spend the $700 billion on the frozen credit securities in a ‘reverse auction’ whereby financial institutions are invited to compete against each other in offering to sell their mortgage-backed securities at a low price.

Bonds for a single pool of mortgages are divided into more than a dozen tranches, with different seniority, different credit ratings, and different rules for payment.

The performance of the underlying mortgages (‘the underlyings’) varies greatly from one pool to another. It was against this background that Mr William Poole, a retired President of the Federal Reserve Bank of St. Louis, stated: ‘I am not aware that the Treasury Department presented any evidence on auctions that have been successful when they are used for assets that are so heterogeneous’(152).

THE TARP OPERATION AND MR KASHKARI
Within Public Law 110-343, Congress required the formation of a Congressional Oversight Panel to ensure the proper usage and expenditure of the TARP funds. (This development replicated and probably copied Mr Cottrell’s demand for the insertion of an Oversight Panel when it transpired early in 2008 that any transactions involving Leo/Lee Wanta could not be contemplated without such a safeguard – prior to the necessary and unavoidable severance of relations between Mr Cottrell and Wanta, publicised on our website in March 2008 and by this service).

The Interim Assistant Secretary for Financial Stability, Neel Kashkari, submitted an update on 8th December 2008, with respect to the oversight arrangements made for the Troubled Assets Relief Program (153) (TARP). An appointed Oversight Panel Board selected the Federal Reserve Board Chairman, Dr Ben Bernanke, to be Chairman of the Oversight Board. The legislation required the Board to meet once a month, but it met five times in the space of two months, with numerous staff calls between meetings. Additionally, the law required the appointment of a Senate-confirmed Special Inspector General to oversee the program (154).

The legislation also required the Government Accountability Office (GAO: previously the more appropriately named Government Accounting Office) to establish a physical presence inside the US Treasury to monitor the TARP.

The US Treasury duly provided workspace for the auditors within days of the President signing the law, and the Treasury Secretary, Mr Paulson, had his first call with the Acting Comptroller General, Mr Gene Dodaro, on Tuesday 7th October 2008. The Acting Comptroller General and his team met the US Treasury’s team for the first time on Thursday 9th October 2008.

Subsequently, Mr Kashkari participated in multiple briefings with the GAO and the respective staffs met almost daily for ‘program updates’, and to review contracts (155).

The GAO’s very conscientious staff met the Treasury’s team on Saturday 22nd November 2008, before their report was finalised. The GAO’s report provided a review of the TARP programs and progress – essentially a snapshot at the 60-day mark of this large and complex project (156).

The law required the US Treasury to publish a Transaction Report within two business days of completing each transaction. The US Treasury proceeded to publish four transaction reports – on 29th October 2008, 17th November, 25th November, and 26th November 2008 – covering the 54 transactions then competed (157).

The law also required the US Treasury to publish a Tranche Report to Congress within seven days of each $50 billion commitment that has been made.

The comprehensive Tranche Report must provide details on the following:

• The transactions undertaken to date.

• The impact of these transactions on the financial system.

• The challenges that remain to be addressed: plus:

• Additional measures that may be necessary to address those challenges.

The US Treasury published, to begin with, three Tranche Reports – on the 3rd November, 21st November, and 2nd December 2008 (158).

Further, the law required the Treasury to provide a detailed report on the overall program within 60 days of the first exercise of the TARP purchase authority.

That report was submitted to the Congress on 5th December 2008 (159). At this stage, Mr Kashkari stated in public that ‘we must remember that just over half of the money that was allocated to the Capital Purchase Program has been received by the banks’ (160).

On Monday 8th December 2008, the US Senate confirmed New York Prosecutor Neil Barofsky as the Special Inspector General within the Treasury Department who was responsible for auditing TARP. On that self-same day, the US Treasury Department released a statement notifying Congress that it had committed a total of $335 billion to financial-rescue programs since October 2008. This amount left $15 billion remaining in the first tranche of $350 billion approved by Congress (161).

HOW THE LEGISLATION ASSISTED THE FINANCIAL FRAUDSTERS:
THE PAULSON TREASURY’S TARP $700 BILLION PLATFORM SCAM

Figure 3 [of the journal: see Special Chart Note below] illustrates the process of taking the private mortgage, commercial mortgage, credit card loans, and/or any other fungible debt, and via the underwriting group or underwriting trust pool, and turning that debt into a securitised ‘Structured Product’ to be pooled and sold into the global institutional market place.

The boxes in the ICR charts indicating ‘Pool A-1’ etc. represent the securitised pools of mortgages, and other ‘assets’, and the various tranches of these ‘Structured Products’.

These tranches and/or pools are then sold on to the banks, investment banks, and ‘financial products’ companies for re-sale and/or re-packaging and then re-sale to international banks, investment banks, and corporations.

Treasury Secretary Henry Paulson’s TARP plan to obtain unlimited authority over $700 billion was premised on the basis that via a reverse auction, the structured products/derivatives could be purchased by the Treasury TARP group and re-packaged, via the new FNMA and FREDDIE MAC, and then re-sold at a profit.

BASED ON THE FALSE PRESUMPTION THAT THE ‘ASSETS’ HAVE VALUE
This operation assumed that the illiquid derivatives have a specific value or a market value.

Such an assumption is definitely false, since there is NO actual and specific asset that is directly attached to the structured product – given the obvious fact that the asset was split from the locally filed UCC-1 that defines who is the mortgagee and mortgagor, and who has legal claim to the asset once the mortgage or debt is paid in full.

• IN OTHER WORDS, holders of these fake, exotic ‘assets’ have no recourse to the original underlying source(s) of ‘real money’ funds.

SEPARATION OF THE ASSET AND THE LEGAL AUTHORITY TO CLAIM THE ASSET
This separation of the asset and the legal authority to claim the asset occurred during the financial securitisation process of pooling, re-pooling, and re-packaging – supposedly (for international public consumption) to spread the risk of default to as many holders as possible – thus furthering the development of the Credit Default Swap derivatives market.

The typical CMO (‘Structured Product’) has ‘A’, ‘B’, ‘C’, and ‘Z’ tranches, representing fast pay, medium pay, and slow pay bonds plus a tranche that bears no coupon but receives cash flow from the collateral remaining after all the other tranches are satisfied (see previous discussion) (162).

More sophisticated CMOs have multiple ‘Z’ tranches and a ‘Y’ tranche incorporating a sinking funds schedule (163).

Figure 3 illustrates a non-public TARP program, prior to the appointment of Mr. Kashkari, et al. and the Congressional Oversight Panel restrictions.

Under the guise of a government ‘bailout’ theme and marketed to Congress and the US general public as being for the purpose of buying the illiquid asset-backed securities, Treasury Secretary Paulson intended to operate TARP as a Trading Platform – that is to say, as an International Hedge Fund benefiting from US Government Guarantees – from within Treasury (behaviour which has hitherto been completely illegal) to purchase, at a higher price than necessary, the CDO, CDS, MBS etc. derivatives from the very entities and banks that have directly contributed to the mass-production and sale of these toxic illiquid ‘Structured Products.

The purpose of this Trading Platform was/is therefore to use public funds to quantify the value of the toxic products, and to overpay the elitist holders, i.e.: the likes of leading Fraudulent Finance specialists, viz: AIG, CITIBANK, GOLDMAN SACHS, CARLYLE CAPITAL, CARLYLE GROUP.

BECAUSE, once the ‘Structured Products’ had been valued, via reverse auction, and purchased, Paulson and his friends would then be able to re-pool and re-package the relevant derivatives via FNMA and FHLMC for re-sale into the demonstrably gullible marketplace, where the phrase ‘due diligence’ appears to be foreign to many operators in the market – thereby repeating the process for as long as possible.

Profits from this Trading Platform could then be transferred to an unknown Master Custodial Account set up within the external international monetary system – such as a receptacle set up for this purpose by President George W. Bush Jr. in Benin, West Africa – without the knowledge of, or any accountability to, the American Taxpayer, the US tax authorities, or anyone else.

CONCLUSION:

Thus, public funds were to be used yet again to generate private accruals, while a massive fraud would be concealed under cover of the necessity of ‘managing’ the illiquidity of the ‘Structured Products’ and regaining credit flow within the international banking system. See the flow charts: Figures 1-3 in the International Currency Review presentation [see Special Chart Notes below]

References and Notes:

General Note: Some use has been made of references captured via Wikipedia, an on-line ‘do-it-yourself’ encyclopaedia. The Editor is not enamoured of these ‘communising’ websites which seek to make information universally available, given that a hidden agenda may apply in some cases. For instance, a certain US platform allows its ‘users’ to upload copyrighted material and then says that it is compliant with US legislation if the illicit upload of the copyrighted material is pointed out to them: in other words, the entity specifically claims that it is not required to perform due diligence and has no duty of care with regard to infringements of copyright belonging to others.

In that case, it is known that the object of the exercise is to steal the copyright material and to drive small publishers out of business. It is the Editor’s specific experience that alteration of errors on Wikipedia has been followed by the restoration of those errors. In the instances noted below, Mr Cottrell has ‘seen through’ Wikipedia to the original sources, which should be referenced should further research be intended.

01. Michael C. Cottrell, ‘Elite Power and Capital Markets’, (Master of Science Thesis, Mercyhurst College, 2001), page 81.
02. Ibid., page 81.
03. Cottrell, ‘Elite Power and Capital Markets’, page 80.
04. Cottrell, ‘Elite Power and Capital Markets’, page 80.
05. Cottrell, ‘Elite Power and Capital Markets’, page 80.
06. Cottrell, ‘Elite Power and Capital Markets’, page 79.
07. Cottrell, ‘Elite Power and Capital Markets’, page 83 (383).
08. Cottrell, ‘Elite Power and Capital Markets’, page 82 (384).
09. Cottrell, ‘Elite Power and Capital Markets’, page 82 (385).
10. Cottrell, ‘Elite Power and Capital Markets’, page 85 (407, 409, 410, 411).
11. Cottrell, ‘Elite Power and Capital Markets’, page 85.
12. Cottrell, ‘Elite Power and Capital Markets’, page 85 (414, 415, 416, 417).
13. Cottrell, ‘Elite Power and Capital Markets’, page 86 (418, 419).
14. Cottrell, ‘Elite Power and Capital Markets’, page 86 (420).
15. Cottrell, ‘Elite Power and Capital Markets’, page 86 (422).
16. Cottrell, ‘Elite Power and Capital Markets’, page 86 (424).
17. Cottrell, ‘Elite Power and Capital Markets’, page 86-87 (425, 426, 427).
18. Ibid., page 81.
19. Federation of American Scientists, ‘BCCI-CAPCOM’, Washington, D.C., 2008,
(available at http://www.fas.org/irp/congress/1992_rpt/bcci/21capcom.htm), Internet, page 2.
20. Ibid., page 2.
21. Ibid., page 2.
22. Cottrell, ‘Elite Power and Capital Markets’, page 87.
23. Cottrell, ‘Elite Power and Capital Markets’, page 87.
24. Ibid., page 87.
25. Ibid., page 87.
26. Cottrell, ‘Elite Power and Capital Markets’, page 88.
27. Ibid., page 88.
28. Bevis Longstreth, Securities and Exchange Commission Commissioner, ‘Open Letter to Bush Task Group on Regulation of Financial Services and Wirth Commission on Capital Markets’, Securities and Exchange Commission, Washington, D.C., 1983, (available for access at: www.sec.gov/new/speech/1983/040883longstreth), page 5.
29. Ibid., page 5.
30. Ibid..
31. Ibid..
32. Ibid., page 6.
33. Ibid..
34. Ibid..
35. Ibid., page 7.
36. Ibid..
37. Ibid., page 9.
38. Ibid., page 10.
39. Ibid., page 12.
40. Ibid., page 13.
41. John S. R. Shad, Chairman, ‘50th Annual Report of U.S. Securities and Exchange Commission for the fiscal year ended September 30, 1984’, U.S. SEC Library, Washington, D.C., 1984, (available at http://www.sec.gov/about/annual_report/1984), Internet, page 42.
42. John S. R. Shad, op. cit.
43. Ibid., page 42.
44. Ibid., page 42.
45. Cottrell, ‘Elite Power and Capital Markets’, page 124.
46. Cottrell, ‘Elite Power and Capital Markets’, page 124.
47. Wikipedia, Dan Brody, ‘The Iron Triangle: Inside the Secret World of the Carlyle Group’, John Wiley & Sons, 2003, ISBN 0-471-281085.
48. Wikipedia, John Mintz, ‘Founder Going Beyond the Carlyle Group.’, The Washington Post, 9th January 1995, F9.
49. Thomas Heath, ‘Pair of Proposals Take Aim at Carlyle Group’, The Washington Post, 15th February 2008, (at http://www.washingtonpost.com/wpdyn/content/article/ 2008/02/14AR2008021403573.html).
50. Wikipedia, ‘Carlyle Group’, (at http://en.wikipedia.org/wiki/Carlyle_Group), page 1.
51. Cottrell, ‘Elite Power and Capital Markets’, page 169 (10, 11, 12, 13).
52. Cottrell, ‘Elite Power and Capital Markets’, page 169 (14, 15, 16, 17, 18, 19, 20, 21, 22).
53. Cottrell, ‘Elite Power and Capital Markets’, page 169.
54. Cottrell, ‘Elite Power and Capital Markets’, page 169.
55. Cottrell, ‘Elite Power and Capital Markets’, page 170 (23, 24).
56. Cottrell, ‘Elite Power and Capital Markets’, page 170 (25).
57. Cottrell, ‘Elite Power and Capital Markets’, page 170.
58. Cottrell, ‘Elite Power and Capital Markets’, page 170 (27, 28, 29).
59. Cottrell, ‘Elite Power and Capital Markets’, page 170 (29, 30).
60. Wikipedia, ‘Enron: Enron Creditors Recovery Corporation’, Wikipedia Foundation, Inc., 2008, (available at http://www.wikipedia.org/enron/enrononline), Internet, page 6.
61. Wikipedia, ‘Enron’, Alex Berenson and Richard A. Oppel, Jr. ‘Once-mighty Enron Strains under Scrutiny’, The New York Times, 28th October 2001, page B1.
62. Wikipedia, ‘Enron’, Richard A. Oppel, Jr. ‘Enron seeks additional financing’, The New York Times, 29th October, 2001, page A8-A9.
63. Ibid., ‘Enron credit rating is cut, and its share price suffers; concern increasing on borrowing capacity’. (Moody’s Investors Service lowers credit rating), The New York Times, 30th October 2001, page C2.
64. Wikipedia, ‘Enron: Enron Creditors Recovery Corporation’, page 9-10.
65. US Government information. ‘Enron: Crouching Profits, Hidden Debt’, Diamar Interactive Corporation, 1996, (available at http://www.about.com), Internet, page 1.
66. Ibid., page 2.
67. Ibid., page 2.
68. Cottrell, ‘Elite Power and Capital Markets’, page 171 (32).
69. US Government Information. ‘Enron: Crouching Profits, Hidden Debt’, page 1: See also Note 65.
70. Cottrell, ‘Elite Power & Capital Markets’, page 134. (162), Richard M. Whiting, ‘Promises Finally Kept: Glass-Steagall Repealed…and More’, The Journal of Lending & Credit Risk Management, [Lexis-Nexis] (Robert Morris Associates/Information Access Company, 2000, accessed 27 December 2001) from:http://www.nexis.com/research; Internet.
71. Ibid..
72. Financial Services Modernization Act, CRA Amendments in the Gramm-Leach-Act,
(available from http://www.banking.senate.gov/conf/grmleach.htm) page 1.
73. Ibid..
74. Cottrell, ‘Elite Power & Capital Markets’, page 134. (166), Congress, Senate, Committee on Banking, Housing, and Urban Affairs. The Gramm-Leach-Bliley Act: Financial Services Modernization. 106th Congress, 1st Session, 24 and 25 February 1999, page 204-205.
75. Cottrell, “‘Elite Power and Capital Markets’, page 134. (167), Richard M. Whiting, ‘Promises Finally Kept: Glass-Steagall Repealed…and More’, The Journal of Lending & Credit Risk Management. [Lexis-Nexis] (Robert Morris Associates/Information Access Company, 2000, accessed 27 December 2001) from http://www.nexis.com/research; Internet.
76. John Downes, A.B., and Jordan Elliot Goodman, A.B., M.A., eds.,
‘Dictionary of Finance and Investment Terms’ s.v. ‘Merchant Bank’.
77. Glenn G. Munn, F.L. Garcia and Charles J. Woelfel, eds., ‘Encyclopedia of Banking & Finance’, 10th Ed., Chicago: Probus Publishing, 1994, (Electronic Portion, Orem: Infobase Press, 1994), s.v. Federal National Mortgage Association.
78. Ibid., page 1.
79. Ibid., page 1.
80. Ibid., p.2.
81. Glenn G. Munn, F.L. Garcia and Charles J. Woelfel, eds., ‘Encyclopedia of Banking & Finance’, 10th Ed., Chicago: Probus Publishing, 1994, (Electronic Portion, Orem: Infobase Press, 1994), s.v. Federal Home Loan Mortgage Corporation
82. Ibid., page 1.
83. Ibid., page 1.
84. Ibid., page 1.
85. Ibid., page 1.
86. Ibid., page 2.
87. Ibid., page 2.
88. Ibid., page 2.
89. Ibid., page 2.
90. Ibid., page 2.
91. Ibid., page 3.
92. Ibid., page 3.
93. Wikipedia, ‘Structured Product’, Securities Exchange Commission, (available at http://sec.gov/division/corpfin/forms/regc.htm#delivery), page 1.
94. Robert W. Hamilton, ‘Corporations’, 4th Ed., St. Paul, Minn.: West Publishing Company, 1997, page 593.
95. Ibid.. page 593.
96. Cottrell, ‘Elite Power and Capital Markets’, page 145. (248) Frank J. Fabozzi with T. Dessa Fabozzi and Irving M. Pollack, ‘The Handbook of Fixed Income Securities‘, 3rd Ed., New York: Richard D. Irwin, Inc., 1991, page 669.
97. Cottrell, ‘Elite Power and Capital Markets’, page 145 (249) Downes, ‘Dictionary of Finance and Investment Terms’, s.v. ‘Futures Contract’.
98. Cottrell, ‘Elite Power and Capital Markets’, page 145-146. (248) Frank J. Fabozzi with T. Dessa Fabozzi and Irving M. Pollack, ‘The Handbook of Fixed Income Securities‘, 3rd Ed., New York: Richard D. Irwin, Inc., 1991, page 670.
99. Cottrell, ‘Elite Power and Capital Markets’, page 146. (248) Frank J. Fabozzi with T. Dessa Fabozzi and Irving M. Pollack,‘The Handbook of Fixed Income Securities‘, 3rd Ed., New York: Richard D. Irwin, Inc., 1991, page 671.
100. Ibid,.
101. Cottrell, ‘Elite Power and Capital Markets’, page 146. (248) Frank J. Fabozzi with T. Dessa Fabozzi and Irving M. Pollack, ‘The Handbook of Fixed Income Securities‘, 3rd Ed., New York: Richard D. Irwin, Inc., 1991, page 670.
102. Cottrell, ‘Elite Power and Capital Markets’, page 146. (248) Frank J. Fabozzi with T. Dessa Fabozzi and Irving M. Pollack, ‘The Handbook of Fixed Income Securities‘, 3rd Ed., New York: Richard D. Irwin, Inc., 1991, page 672.
103. Wikipedia, ‘Structured Product’, page 3.
104. Cottrell, ‘Elite Power and Capital Markets’, page 146. (255) Roger Lowenstein, ‘When Genius Failed: The Rise and Fall of Long-Term Capital Management’, New York: Random House, 2000, page
105. Cottrell, ‘Elite Power and Capital Markets’, page 146. (256) Roger Lowenstein, ‘When Genius Failed: The Rise and Fall of Long-Term Capital Management’, New York: Random House, 2000.
106. Downes, ‘Dictionary of Finance And Investment Terms’, s.v. ‘Mortgage-Backed Certificate’.
107. Downes, ‘Dictionary of Finance And Investment Terms’, s.v. ‘Collateralized Debt Obligations’.
108. Downes, ‘Dictionary of Finance And Investment Terms’, s.v. ‘Collateralized Mortgage Obligations’.
109. ‘Collaterized Debt Obligation Cubed – CDO CUBED’, Investopedia, ULC, 2008.
110. ‘CreditFlux Dictionary’, CreditFlux Ltd., 2008, at http://www.creditflux.com/glossary; Internet.
111. JPMorgan Chase & Co., ‘Credit Default Swaps and Trade: A Useful Tool for Distributing Risk.’, JPMorgan Chase & Co., 2008.
112. James R. Hagerty, Ruth Simon, and Damian Paletta, ‘U.S. Seizes Mortgage Giants’,
The Wall Street Journal, 2008, September 8, 2008, page A1.
113. Ibid., page A15.
114. Ibid., page A15.
115. Ibid., page A15.
116. Ibid., page A15.
117. Ibid., page A15.
118. Ibid., page A15.
119. Ibid., page A15.
120. Ibid., page A15.
121. Thomas Fitch, ‘Dictionary of Banking Terms’, 3rd Edition, Hauppauge: Barron’s Educational Series, Inc., 1997, s.v. ‘Mortgage’.
122. Ibid..
123. Steven H. Gifis, Law Dictionary. 2nd Edition, Hauppauge: Barron’s Educational Series, Inc., 1984, s.v. ‘Uniform Commercial Code’ [UCC].
124. Thomas Fitch, ‘Dictionary of Banking Terms’, s.v. ‘Mortgage Note’.
125. Thomas Fitch, ‘Dictionary of Banking Terms’, s.v. ‘Mortgage Insurance.’.
126. Fitch, ‘Dictionary of Banking Terms’, s.v. ‘Mortgage Banker’.
127. John Downes, A.B., and Jordan Elliot Goodman, A.B., M.A., eds., ‘‘Dictionary of Finance and Investment Terms’, 7th Edition., Hauppauge: Barron’s Educational Series, 2006, s.v. ‘Investment Banker’.
128. Ibid..
129. John Downes, A.B., and Jordan Elliot Goodman, A.B., M.A., eds., ‘Dictionary of Finance and Investment Terms’, s.v. ‘Secondary Mortgage Market’.
130. Ibid..
131. John Downes, A.B., and Jordan Elliot Goodman, A.B., M.A., eds., ‘Dictionary of Finance and Investment Terms’, s.v. ‘Pass-Through Security’.
132. John Downes, A.B., and Jordan Elliot Goodman, A.B., M.A., eds., ‘Dictionary of Finance and Investment Terms’, s.v. ‘Participation Certificate’.
133. John Downes, A.B., and Jordan Elliot Goodman, A.B., M.A., eds., ‘Dictionary of Finance and Investment Terms’, s.v. ‘Underwrite’,
134. John Downes, A.B., and Jordan Elliot Goodman, A.B., M.A., eds., ‘Dictionary of Finance and Investment Terms’, s.v. ‘Underwriting Agreement’.
135. Ibid..
136. Blackrock, ‘Government Takeover of Fannie Mae and Freddie Mac’, Blackrock, Inc., 2008, (available at http://www.blackrock.org), p.1.
137. Ibid..
138. Lori Pizzani, ‘Structured Investment Products, Tools to Help Manage Volatility, Protect Portfolios’,
The Wall Street Journal, November 5, 2008, Dow Jones: New York, 2008, page C11.
139. Ibid..
140. Ibid..
141. Ibid..
142. Ibid..
143. Ibid..
144. Wikipedia, ‘Public Law 110-343’.
145. Wikipedia, ‘Troubled Assets Relief Program’, Summary of the Emergency Economic Stabilization Act of 2008 (http://banking.senate.gov/public/_files/latestversionEESASummary.pdf), United States Senate Committee on Banking, Housing and Urban Affairs, page 1.
146. Deborah Solomon, ‘Regulators Outline Steps to Quell Crisis’, The Wall Street Journal, Dow Jones: New York, October 7, 2008, page A6.
147. Wikipedia, ‘Troubled Assets Relief Program’, http://www.accountability-central.com/single-view-default/article/treasury-update-on-implementation-of-troubled-asset-relief-program-tarp-before-institute-of-intern, Internet, page 1.
148. Edmund L. Andrews and Mark Landler, ‘White House Overhauling Rescue Plan’,
The New York Times, October 12, 2008, http:///www.nytimes.com/2008/10/12/business, Internet, p. 3.
149. Ibid..
150. Ibid..
151. Wikipedia, ‘Emergency Economic Stabilization Act of 2008’, AP Article: ‘Rescue Plan Seeks $700 Billion to Buy Bad Mortgages’, (http://www.nytimes.com/aponline/business/AP-Financial-Meltdown.html) article by The Associated Press in The New York Times September 20, 2008.
152. Ibid., page 4.
153. Herbie Skeete, ‘US Treasury Interim Assistant Secretary For Financial Stability Neel Kashkari Update on The TARP Program’, Mondo Visione Ltd: London, 2008, available at: http://www.mondovisione.com/index.cfm/section=news&;action, page 1.
154. Ibid., page 2.
155. Ibid., page 2.
156. Ibid..
157. Ibid., page 3.
158. Ibid., page 3.
159. Ibid..
160. Ibid., page 4.
161. Maya Jackson Randall and Michael R. Crittenden, ‘Treasury Could Improve Management of TARP’, The Wall Street Journal, December 9, 2008, Dow Jones: New York, 2008, page C4.
162. John Downes, A.B., and Jordan Elliot Goodman, A.B., M.A., eds., ‘Dictionary of Finance and Investment Terms’, s.v. ‘Tranches’.
163. Ibid..

Captions to the charts that appear in International Currency Review Volume 34, Number 2 [March 2009] but are not shown in this website presentation:

Figure 1, page 25 of the journal: MBS-CDO-CDS scam (Fraudulent Finance) flowchart, showing how a single loan triggering one solitary cashflow of mortgage payments is typically leveraged and intermingled with other such origination cashflows into exotic ‘derivatives’ known as ‘Structured Products’ via pools which are sold on to investment banks before being marketed internationally, where the US securities legislation (the 1933 and 1934 Securities Acts) does not apply. There is no precedent for such colossal OFFICIALLY organized fraud.

Figure 2, page 27 of the journal: MBS-CDO-CDS scam (Fraudulent Finance) flowchart: Institutional sale and resale of so-called ‘Structured Products’ that have zero intrinsic value because beyond the originating Mortgage Bank, none of the subsequent parties enjoys prospective access to the single originating stream of funds. As a former Goldman Sachs official, speaking privately, told the Editor of this service: ‘These ‘assets’ are worth what someone is prepared to pay for them’.

Since they have been comprehensively discredited, except among those compartmentalised intermediaries, bankers, intelligence cadres and others who may not yet be ‘up to speed’ (if any such creatures remain, which given developments since September 2008, logic would suggest is unlikely), ‘what someone is prepared to pay for them’ effectively means nothing. As Mr Michael C. Cottrell’s narrative shows, the Paulson Treasury TARP operation had as one of its hidden purposes the injection of ‘value’ into worthless hybrid collectivised ‘assets’.

• Addendum: Of course, this is the PRIMARY OBJECTIVE of both the Geithner TARP deception and its Obama Administration successor schemes.

Figure 3, page 33 of the journal: This chart shows how the routine operations of the Fraudulent Finance ‘Money Machine’ were to be ‘revalidated’ via the Paulson Treasury’s Troubled Assets Relief Program (‘TARP’) enacted within the Emergency Economic Stabilisation Act of 2008, signed into law by President George W. Bush Jr. on 3rd October 2008. Specifically, the diagram exposes the fact that $700 billion of US taxpayers’ funds and new Federal Government debt was in fact to be deployed for the specific benefit of Carlyle, Carlyle Capital, George Bush Sr., James Baker and others, who are responsible for the financial crisis not least by blocking the sole answer: the On-the-books Refunding Program.

• NOTE:
In further work we’ve done on this subject, we have extended these charts to demonstrate that the Geithner TALF Plan is specifically intended for the same purpose: to refund the likes of Carlyle and Carlyle Capital, under cover of purporting to be specifically designed to ‘stimulate’ the economy.

Unlike the private sector Refunding Programme agreed by the Group of Seven financial powers in 2007 and 2008, the Paulson-Geithner ‘solution’ theoretically generates revenue all right (assuming there are any fools out there internationally who will fall for this new generation of officially driven derivatives Ponzi scamming) while perversely and unnecessarily generating colossal mountains of Treasury debt on the other side of the balance sheet of the US Federal Government

In this context, revenues generated from this ‘Legitimised Fraudulent Finance’ will yield, say, 35% in tax accruals – always provided the proceeds are held on-balance sheet, contrary to the practice hitherto of holding the proceeds off-balance sheet in offshore accounts and untaxed (tax evasion); whereas 100% of official debt will have been UNNECESSARILY created in the background: thereby mortgaging the futures of several generations of Americans.

THE WHITE HOUSE/CIA MOTIVE: TO STAY IN CONTROL
The reason that this disastrous Fraudulent Finance approach has been adopted by the Obama Administration is that, by this means, the Government and its corrupted cronies STAY IN CONTROL OF TRADING OPERATIONS WITH NO COMPETITION. That is the motive.

By contrast, the pure way of achieving a sound recovery within the exiting framework without creating ANY NEW DEBT AT ALL, is for the private sector to handle the refunding operation WITH NO GOVERNMENT INVOLVEMENT.

That way, the Government gets to tax 35% of the accrued proceeds of the eight on-balance sheet trades per banking day, thus acquiring NEW MONEY WITH NO DEBT.

The Obama Administration’s decision to pursue the reprobate course represents a wilful refusal to conduct the affairs of the US Treasury in a responsible manner, representing TREASON against the American people and the Republic.

The ‘reason for the Treason’ is that it knows that there is a SOUND WAY TO PROCEED and has deliberately chosen the unsound route for unsound reasons, instead.

Since the Obama Administration’s unsound decision will gravely impair the prospects not only of the American people but of ‘the whole of humanity’, it represents effectively a DECLARATION of FINANCIAL WARFARE ON THE REST OF THE WORLD, WHICH IS TO BE FLOODED WITH ‘TRASHETS’.

‘We will do things OUR way’, even though WE KNOW that what we intend to do is irresponsible, reckless, economically illiterate, and is the financially unsound route to perdition:

AND THE WHITE HOUSE KNOWS IT.

• LATE NEWS: FREEDOM WATCH USA JUMPS ON OUR BANDWAGON
Although we have no brief at all for Larry Klayman, the agitprop group Freedom Watch USA that he runs out of Washington DC has expanded a class action lawsuit filed in US Federal Court in Los Angeles on behalf of shareholders in A.I.G. (American International Group) which has just been amended to include Treasury Secretary Geithner, former Treasury Secretary Henry M. Paulson and the former Chairman of the SEC Christopher Cox.

AIG shareholders have seen the value of their shares collapse by an estimated $214 billion. We must be sharply aware that this lawsuit may, like the lawuits referenced in our preceding report, represent a component of the CIA’s ‘collapsing’ operation, which is now in full gear, whereby all strands of the multi-faceted scandal are ‘collapsed’ into a welter of open-ended litigation, so that the underlying issues become sub judice and nothing ever gets resolved (on purpose). It’s the Bush/DVD CIA’s neat way of hiding their incessant thefts.

However some of the public comments made by this operator echo findings published in our reports, even though of course Klayman cites that Missouri Professor as his inspiration (without mentioning that the Missouri Professor Black ‘may have been’ jolted out of his serial academic daydreams by this service). Samples:

• ‘The American people, not the compromised ruling elite in Washintgon, DC, have begun a second American Revolution to take the country back from the con men on Wall Street and on Pennsylvania Avenue, who under successive Administrations played a central part in the meltdown of the US financial system and economy’.

• ‘The inspiration for this amendment was information disclosed by University of Missouri Professor William K. Black on the Bill Moyers’ Public Broadcasting Service television show last Friday, when he implicated these Government officials in a massive cover-up of the banking scandal, mostly for the benefit of Goldman Sachs, the former employer of both Paulson and Geithner, in which they held a significant financial interest’.

• FOR BACKGROUND, SEE OUR 2006-2007 Wantagate reports concerning Henry ‘Conflict-of-Interest’ M. Paulson Jr..

• ‘As for Cox, his reckless and intentionally impotent oversight at the SEC is the basis of the claim against him’ referenced above.

• ‘Freedom Watch will not rest [GOSH! Ed.] until justice is done and it won’t come from the Obama Administration, bent on deceiving the US taxpayer that it intends to clean up this corruption, all the while lining the pockets of its friends at A.I.G. with the Government bailout money, who gave handsomely to have their President elected’.

Remember, you read all about this HERE months and several years BEFORE these US operatives started getting in on the act. It has now, ALL OF A SUDDEN, since G-20, become ‘acceptable’ to start saying what this service has been proclaiming since 2006.

Nor is it appropriate for us to jump for joy at this development. This is because one of the more insidious techniques used by the Intelligence Power is to ‘take over’ issues, so that they can then be CONTROLLED. And given what we know about the character running this operation (which would sit very uncomfortably for him if published), this is likely to be the intention here. Another clue that this is not an objective operation, is that the sum of money being claimed is not that large, given that trillions of dollars have been systematically looted by these organised criminals who have hijacked the US Federal Government and the banks.

Nevertheless, at this early stage, it is appropriate to note that what you read on this website and in our printed publications first, is now belatedly ‘sort of’ MAINSTREAM.

• Very late in the day, of course, because these ‘professionally concerned’ operatives didn’t have either permission or the guts to expose this corruption earlier. Shame on them.

LIST OF U.S. STATUTES, SECURITIES REGULATIONS AND LEGAL PRINCIPLES OF WHICH THE CRIMINALISTS, ASSOCIATES AND ALL THE MAIN FINANCIAL INSTITUTIONS REMAIN IN BREACH:

LEGAL TUTORIAL: The Steps of Common Fraud:

Step 1: Fraud in the Inducement: “… is intended to and which does cause one to execute an instrument, or make an agreement… The misrepresentation involved does not mislead one as the paper he signs but rather misleads as to the true facts of a situation, and the false impression it causes is a basis of a decision to sign or render a judgment”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Fraud’.

Step 2: Fraud in Fact by Deceit (Obfuscation and Denial) and Theft:

• “ACTUAL FRAUD. Deceit. Concealing something or making a false representation with an evil intent [scanter] when it causes injury to another…”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Fraud’.

• “THE TORT OF FRAUDULENT DECEIT… The elements of actionable deceit are: A false representation of a material fact made with knowledge of its falsity, or recklessly, or without reasonable grounds for believing its truth, and with intent to induce reliance thereon, on which plaintiff justifiably relies on his injury…”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Deceit’.

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

• “FRAUDULENT CONCEALMENT… The hiding or suppression of a material fact or circumstance which the party is legally or morally bound to disclose…”.

• “The test of whether failure to disclose material facts constitutes fraud is the existence of a duty, legal or equitable, arising from the relation of the parties: failure to disclose a material fact with intent to mislead or defraud under such circumstances being equivalent to an actual ‘fraudulent concealment’…”.

• To suspend running of limitations, it means the employment of artifice, planned to prevent inquiry or escape investigation and mislead or hinder acquirement of information disclosing a right of action, and acts relied on must be of an affirmative character and fraudulent…”.

Source: Black, Henry Campbell, M.A., ‘Black’s Law Dictionary’, Revised 4th Edition, St Paul: West Publishing Company, 1968, s.v. ‘Fraudulent Concealment’.

FRAUDULENT CONVEYANCE:

• “FRAUDULENT CONVEYANCE… A conveyance or transfer of property, the object of which is to defraud a creditor, or hinder or delay him, or to put such property beyond his reach…”.

• “Conveyance made with intent to avoid some duty or debt due by or incumbent or person (entity) making transfer…”.

Source: Black, Henry Campbell, M.A., ‘Black’s Law Dictionary’, Revised 4th Edition, St Paul: West Publishing Company, 1968, s.v. ‘Fraudulent Conveyance’.

U.S. SECURITIES REGULATIONS OF WHICH INSTITUTIONS
HAVE BEEN SHOWN TO BE IN BREACH [SEE REPORTS]:

• NASD Rule 3120, et al.
• NASD Rule 2330, et al
• NASD Conduct Rules 2110 and 3040
• NASD Conduct Rules 2110 and IM-2110-1
• NASD Conduct Rules 2110 and SEC Rule 15c3-1
• NASD Conduct Rules 2110 and 3110
• SEC Rules 17a-3 and 17a-4
• NASD Conduct Rules 2110 and Procedural Rule 8210
• NASD Conduct Rules 2110 and 2330 and IM-2330
• NASD Conduct Rules 2110 and IM-2110-5
• NASD Systems and Programme Rules 6950 through 6957
• 97-13 Bank Secrecy Act, Recordkeeping Rule for funds transfers and transmittals of funds, et al.

U.S. LAWS ROUTINELY BREACHED BY THE CRIMINAL OPERATIVES AND INSTITUTIONS:

• Annunzio-Wylie Anti-Money Laundering Act
• Anti-Drug Abuse Act
• Applicable international money laundering restrictions
• Bank Secrecy Act
• Conspiracy to commit and cover up murder.
• Crimes, General Provisions, Accessory After the Fact [Title 18, USC]
• Currency and Foreign Transactions Reporting Act
• Economic Espionage Act
• Hobbs Act
• Imparting or Conveying False Information [Title 18, USC]
• Maloney Act
• Misprision of Felony [Title 18, USC] (1)
• Money-Laundering Control Act
• Money-Laundering Suppression Act
• Organized Crime Control Act of 1970
• Perpetration of repeated egregious felonies by State and Federal public employees and their Departments and agencies, which are co-responsible with the said employees for ONGOING illegal and criminal actions, to sustain fraudulent operations and crimes in order to cover up criminalist activities and High Crimes and Misdemeanours by present and former holders of high office under the United States
• Provisions pertaining to private business transactions being protected under both private and criminal penalties [H.R. 3723]
• Provisions prohibiting the bribing of foreign officials [F.I.S.A.]
• Racketeer Influenced and Corrupt Organizations Act [R.I.C.O.]
• Securities Act 1933
• Securities Act 1934
• Terrorism Prevention Act
• Treason legislation, especially in time of war.

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

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

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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.

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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.

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.

SHARP INCREASE IN GLOBAL TENSION SINCE THE G-20

RELEASES SABOTAGED BY MERKEL, WHO IS THREATENED BY SARKOZY

Tuesday 7 April 2009 00:01

UNDERLYING ISSUES NOT EVEN MENTIONED IN THE COMMUNIQUE

• ‘NEW WORLD ORDER’ INVOKED FROM THE G-20 PLATFORM

• G-20 COMMUNIQUE SILENT ON THE CAUSES OF THE CRISIS

• EYES GLAZE OVER AT SIGHT OF OBAMA AND BROWN

• ‘FOR US THE WAR NEVER ENDED’, ETC

• GERMAN CADRES’ ANGER DIRECTED TOWARDS THE BRITISH

• SARKOZY AND MERKEL AT EACH OTHERS’ THROATS OVER THE RELEASES

• SARKOZY REPORTEDLY THREATENS MERKEL WITH ‘ELIMINATION’

• ELYSEE TREATY AND E.U. ITSELF THREATENED BY FRANCO-GERMAN BREACH

• BANKERS WHO STAND IN THE WAY POST-G-20 WILL BE ‘ELIMINATED’

• ROTHSCHILDS ‘DEALT WITH’ BY RUSSIAN AND CHINESE INTEL THUGS

• THE GERMAN-ORIGINATED ‘BAIT AND SWITCH’ ROUTINE

• U.S. POWER STRUCTURES MODELLED ALONG LENINIST LINES

• THE STRAIGHTFORWARD DRUG-TRAFFICKING TEST

• DRUG MONEY PROCEEDS AND THE INTERBANK MARKET

• THAT SEPTEMBER 2008 MONEY ‘LOCKDOWN’

• GERMAN MOLES INSIDE THE BRITISH OFFICIAL STRUCTURES

• CORRUPT TURKS AND CAICOS ISLANDS TO BE TAKEN OVER BY BRITAIN

• PROFESSORS CLIMB ONTO OUR BANDWAGON

• HYPOCRISY AND CANT IN THE G-20 COMMUNIQUE

• CRUCIAL FISCAL UNDERTAKINGS IN PARAGRAPH SIX

• THE PRIVATE MEETING BETWEEN THE QUEEN AND PRESIDENT OBAMA

• SUDDEN CHANGE OF LANGUAGE AT THE FED

• FED PUSH FOR EXEMPTION FROM STATUTORY DEBT CEILING

• FED NOW LESS CONCERNED ABOUT DEBT BECAUSE OF REFUNDING?

• THE POST-G-20 CIA ‘COLLAPSING’ OPERATION

• FULL G-20 COMMUNIQUE TEXT APPENDED AS NOTE 5.

• RECENT (OECD) TAX INFORMATION EXCHANGE AGREEMENTS APPENDED AS NOTE 6.

• MADOFF ‘VICTIMS’ LIST: Two reports were posted on 6th February 2009 containing the entire list of customers of Bernard L. Madoff Securities, Inc.. Because the list is so huge, we divided it into two segments: Clients A-N; and clients O-Z, plus a Miscellaneous Section. See: Archive. Our list is the easiest to load and clearest of the lists that have been reproduced privately on the Internet.

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

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

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

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

NEW REPORT STARTS HERE:

• ‘NEW WORLD ORDER’ INVOKED FROM THE G-20 PLATFORM
Indicative of the supreme arrogance of the cabal of internationalists (globalists) who think they know best for the whole of humanity, the controlled British Prime Minister, Gordon Brown, inserted the keywords ‘New World Order’ in his tedious sermon at the Group of Twenty indulgence-fest on 2nd April. Manifestly, the intelligence operative who wrote that speech for him looks upon those who don’t sit on their brains with utter contempt.

It was Mr Gorbachëv (Orbach or Korbach) who recycled this World Revolution control-phrase in the late 1980s, and it was his clandestine ally, George H. W. Bush Sr., who trumpeted the phrase for the benefit of those whom Lenin called ‘the interested’ in the early 1990s.

The purpose of this gratuitous insult to our collective intelligence was to remind those whom Lenin called ‘the interested’ and their fellow-travellers that the G-20 bore-event was about progressing The New Underworld Order, by leveraging the consequences of years of purposely implemented Fraudulent Finance in the interests of the broader globalist agenda – a supposedly ‘Great Leap Forward’ towards an agenda that NOBODY in the world WANTS, beyond the tawdry confines of the controlled, self-important creatures who think they have a right to dictate how humanity should be directed, managed, destroyed, or all of the above.

G-20 COMMUNIQUE SILENT ON THE CAUSES OF THE CRISIS
The British taxpayer was reportedly lumbered with a bill for £50 million to pay for Brown’s globalist jamboree, which issued a Communiqué that conspicuously OMITTED any mention of the following keywords/phrases, thereby signalling with crystal cynical clarity that it did not address the issues underlying this criminal finance crisis:

• Derivatives or ‘Structured Products’

• Fraudulent Finance

• Criminal Finance

• Toxic Assets

• Legacy Assets

• Bribery

• Corruption

• Mafia/mafiya

• Tax evasion

• Drugs, drug-trafficking

• Inflation

• Hyperinflation

Thus the Communiqué SIDESTEPPED the issues that should have been discussed, in favour of bromides for the benefit of the gullible ‘mainstream’ media hoardes for whose ears the entire orchestrated charade was choreographed. The omission of ANY MENTION of these issues in the Communiqué reveals the total contempt of these people for the Press Room.

For days after this circus, the talking heads were still ‘analysing’ the ‘outcome’ of the G-20 meeting on the basis of the diversionary bromide-style Communiqué, thereby plastering the entire world with vacuous interpretations of what the ‘chosen’ operatives striding the revolutionary stage were imagined to have ‘agreed’ – without addressing the fundamental issues summarised above which are the keywords that these ‘analysts’ should have been searching for if they had been equipped with any discernment about what was going on.

• Update! Someone on The Times, London, has noticed that the Communiqué had NOTHING to say about Derivatives a.k.a. Toxic Assets a.k.a. ‘Structured Products’ a.k.a. FRAUDULENT FINANCE!
Writing in The Times, David Wighton argues that despite recognition by G-20 leaders that dealing with banks’ so-called ‘toxic assets’ is vital for the global recovery, very little was said about it in the official Communiqué. He adds: “Now that Mr Sarkozy and Mme Merkel have their crackdown on tax havens, perhaps they can show some leadership on more urgent problems”. [INCREDIBLE!!!!!!!!!!].

ACTUALLY, NOTHING WHATSOEVER was mentioned about Derivatives a.k.a. Toxic Assets a.k.a. ‘Structured Products’ a.k.a. FRAUDULENT FINANCE, because THEY ARE TRYING TO KICK-START THE CRIMINAL OPERATIONS and they don’t want the diverted press to focus on what they are doing. Furthermore, criminal operatives at the highest levels of Governments are vulnerable to EXPOSURE for their own participation in the ransacking of trillions of dollars.

•FACT: The REASON for the current ‘constipated’ state of affairs is that processes are in motion that threaten to entrap and expose VERY BIG NAMES; and everyone concerned is TERRIFIED that the lid cannot be forced down on the cauldron. That’s what the litigation referenced at the end of this report is all about, BUT IT’S MUCH, MUCH BIGGER than even the closest observers realise.

• MORE ARRESTS were reported to us in the afternoon of 7th April. This contradicts intelligence to the effect that anyone standing in the way will now, post G-20, be ‘eliminated’, but that does not preclude ongoing arrests of other co-conspirators and accessories to the fact of misdemeanours.
In fact, ‘liquidations’, we understand, have been ongoing for at least three weeks.

For (see below) the G-20 was a WATERSHED beyond which date the leeway shown to saboteurs in the past will no longer apply. It is surprising, perhaps, to hear of arrests still taking place. What is quite clear is that the Illuminati’s internal war, or the global financial intelligence warfare, has been ratcheted up to a much higher level of intensity. The G-20 event was probably the last time anyone on this foul stage crawling with rats is going to waste time trying to be polite. They had no choice on 1st-2nd April, because they were in the presence of The Queen, who is invariably very polite and is the epitome of good manners. But powerful operatives holding the highest official positions who have stolen vast sums of money and are desperate to avoid being exposed, are not about to waste time being polite, when they are so terrified of being fingered, and jailed for life.

EYES GLAZE OVER AT SIGHT OF OBAMA AND BROWN
The Editor had numerous better things to do than watch and listen to the wall-to-wall opinionated revolutionary internationalist propaganda drivel spouted by Gordon Brown, and has long since suffered from EGO (Eyes Glaze Over) at the sight of President Obama hogging yet another podium and lecturing the whole world, Fidel Castro-like, on what (unspoken) his DVD-CIA handlers want to eventuate. The arrogance of these controlled operatives who leverage power on the globalists’ stage is hard for normal people, let alone for jaundiced observers not accustomed to sitting on their brains, to tolerate.

But the silver lining here is that if these operatives continue thaumatroping (1) humanity with their sterile sermons, the whole world will soon be ‘switched off’ by this agitation, propaganda and self-regarding indulgence, which of course would be a Good Thing.

And indeed this is what will happen because if one fact is certain here, it is that these opinionated would-be jumped-up re-orderers of the world have no sense of proportion, no idea when they are overstepping the mark, and no inclination to cease and desist from their preaching of control-drivel for the supposed ‘benefit’ of humanity. Which of course is all very decidedly GERMAN.

The Dachau-based long-range Nazi strategic deception community behind the ‘globalisation’ thrust towards The New Underworld Order to procure German hegemony displays the one ineradicable characteristic of these people: an inability to know when to stop. This fatal characteristic was on display even as late as 1945, when Hitler was ordering his Generals to continue the War long after the remaining sparrows clinging to the few extant Berlin lamp posts knew that it had been lost.

‘FOR US THE WAR NEVER ENDED’, ETC
Which can remind us that the Nazi intelligentsia, who had decamped to the German Geopolitical Centre in Franco’s Madrid by 1942, were indifferent about the fate of Herr Hitler (Schickelgrüber), a criminal operative dredged up from the back streets of Vienna whom they regarded as expendable. On the contrary, they relished the post-Hitler prospect of implementing a sinister, gradualist long-range deception strategy epitomised by the phrase, found in the captured ‘Madrid Circular Letter’ (circa 1951): ‘Für uns ist der Krieg niemals vorbei’ (‘For us the war never ended’).

And as we have repeatedly elaborated, the other ongoing Nazi slogan of specific relevance to America’s predicament today was: ‘We shall build the Thousand-year Reich on the Ruins of the United States’ – a strategy expertly implemented by the DVD’s supremo in the United States, Dr Henry (‘call me ‘Henny’: no thanks) Kissinger, a disgusting quadruple agent who moved seamlessly from Princess Diana’s memorial service in Westminster Abbey to a nightclub that same evening where he was observed googling at a bellydancer.

President Obama despatched Kissinger and the Bush Family’s primary legal ‘fixer’ and former US Secretary of State James A. Baker III to Moscow in March to conduct discussions with the covert Soviets under Medvedev and GRU-Prime Minister Vladimir Vladimirovich Putin. They subsequently returned to the United States, it is believed, in the company of Gorbachëv, the former Andropov (Lieberman)-era head of the CPSU’s all-powerful Administrative Department and the chief long-range implementer of Andropov’s strategic deception strategy.

The use by President Obama’s handlers of Kissinger and Baker for this mission indicates rather clearly that the US political parties are of course two wings of the single Political Power – which is controlled by the ‘State within the State’ Intelligence Power under the heel of Bush Sr., directed in turn by the probable DVD supremo on the block, Dr Henry Kissinger.

It was this German Jew who persuaded the erstwhile pornographer Gerald Ford (a.k.a. Leslie Lynch King Jr.) to sack William Colby as Director of Central Intelligence and to instal, in his place, George H. W. Bush Sr., of like German Jewish background, thereby taking over the Central Intelligence Agency on behalf of the heirs of the Nazi Abwehr, Deutsche Verteidigungs Dienst.

To ensure the ‘permanent’ allegiance of the CIA criminal enterprise (Bush Jr. referred to it as ‘our enterprise’) to the DVD, Bush Sr. later procured the renaming of the CIA’s Langley campus as the George Bush Center for Intelligence, which should read ‘George Bush Center for Terrorism’.

GERMAN CADRES’ ANGER DIRECTED TOWARDS THE BRITISH
Vituperative, uncontrolled fury emitted from certain quarters against The Queen and the British generally reflects anger at the reality that the Nazi DVD controllers are most decidedly NOT getting everything their own way ‘as we speak’. Some sources of these ignorant ventilations also fail to understand that France and Germany are basically interchangeable under the terms of the Treaty of the Elysée of 23rd January 1963, which is of INDEFINITE duration and specifically requires these two powers to reach quote ‘an analogous position’ unquote ahead of every international meeting involving both powers, in perpetuity.

Therefore, while Sarkozy and Merkel are at loggerheads (see below), they are simultaneously bound by the terms of that never-ending bilateral treaty, which is why they always pontificate IN UNISON against ‘the Anglo-Saxons’ (another piece of egregious nonsense) whenever one of these set-piece New World Order theatres is to be staged at some place near you (2).

SARKOZY AND MERKEL AT EACH OTHERS’ THROATS OVER THE RELEASES
Since the G-20 meeting, tensions between Sarkozy and Merkel are reported to have reached close to boiling point. We have been informed that President Obama did sign a document at that event requiring the releases to proceed – and that President Sarkozy was perhaps unwisely mollified by this development, so that he was able to set aside his earlier threat to implement his planned walk-out should the ‘deliverables’ not be forthcoming. That threat, it will be recalled, had been directed against the US President.

So one can imagine President Sarkozy’s unrestrained fury when he discovered, subsequent to the G-20 meeting, that Mr George Bush Sr.’s agent, Chancellor Angela Merkel, who has been bribed by Bush Sr. for about five years to stand guard over his accumulated ill-gotten gains stashed within the German financial system, has continued to stand in the way of the releases since 2nd April.

• STASI operative Merkel of course implements strategy and tactics dictated to her by the Nazi strategic deception continuum, Deutsche Verteidigungs Dienst, Dachau, as well.

• SARKOZY REPORTEDLY THREATENS MERKEL WITH ‘ELIMINATION’
Given this stand-off, the apoplectic Sarkozy, who now hates the Bushes with a vengeance because (typically) he was double-crossed by George Bush Sr., is reported to have threatened Chancellor Merkel with ‘elimination’ if she continues to block the settlements, which is what she is reported to be doing. Specifically, Sarkozy is reported to have told the German Chancellor: ‘You have to do this, or you’re going to be gone’.

This huge breach between the Treaty of the Elysée partners has now become so extreme, that it threatens to scupper not just the 1963 bilateral Treaty of the Elysée, which is the foundation stone of forced ‘European unity’ itself, but also the cohesion of the German Nazis’ long-range entrapment strategy, the European Union Collective, which is based upon the structure mapped out in the Nazi document Europäische Wirtschaftsgemeinschaft (European Economic Community) published in Berlin in 1942, as previously (and repeatedly) reported by this service (3).

• ELYSEE TREATY AND E.U. ITSELF THREATENED BY FRANCO-GERMAN BREACH
The irony is that while Chancellor Merkel is implementing DVD blocking tactics, to sabotage the releases, she is also taking the risk that her intransigence in deference to the DVD and Bush Sr. will in fact rip the Elysée Treaty and therefore the European Union apart, thereby destroying the framework for German regional hegemony strategy – another instance of the German Nazi habit of always going too far.

A further irony here is that if Chancellor Merkel persists with her blocking behaviour, unless she is eliminated as Sarkozy has threatened, she will be doing us and the whole world an immense favour by perversely dismantling the insidious entrapment structure developed by the wartime Nazis and the German Geopolitical Centre in Madrid which has almost brought Britain to its knees.

BANKERS WHO STAND IN THE WAY POST-G-20 WILL BE ‘ELIMINATED’
The post-G-20 situation is meanwhile associated with a heightening of the intensity of the ongoing Illuminati bloodbath arising from this self-inflicted crisis. Hitherto this bloodletting has continued at a relatively subdued level, with banking sector saboteurs being ‘apprehended’ or arrested, rather than necessarily liquidated. But since the G-20 meeting, sanctions for any failure to cooperate as required have been sharply escalated. We understand that no leeway or mercy will now be shown, and that these sanctions are already being applied.

This is why we are now authoritatively advised that crooked bankers (and probably also corrupt Trustees) who sabotage any element of the post-G-20 financial release procedures will no longer simply be arrested, but will be ‘eliminated’ on the spot – by which is meant that they will be shot dead on sight, or else will be ‘zapped’ so that they suffer a heart attack.

Taken in the context of President Sarkozy’s reported threat that Chancellor Merkel will herself be ‘eliminated’ if her intransigence in blocking the settlements continues, we can now see that, post-G-20, the temperature and the level of international tension has been significantly raised – and that the G-20’s decisions are being perversely sabotaged by Germany.

This was probably inevitable, since tensions were already extremely high prior to the G-20 meeting, as witnessed by Sarkozy’s threat to walk out if the ‘deliverables’ were again impeded. So, having been through that ghastly meeting and having been deceived into believing that agreement to proceed with the releases had been reached, President Sarkozy feels bitterly betrayed by his own supposed ‘ally’, to whom he is supposed to be bound until the end of the solar system by the 1963 perpetual Treaty of the Elysée.

On the basis of past experience, this further satanic theatre of the absurd may just represent yet another instance of the dialectical game that these criminal operatives play, whereby yesterday’s identified villain is today’s beneficial influence, and tomorrow’s villain is a third party we hadn’t previously thought of. On the other hand, something tells the Editor that these new developments represent a very serious escalation of international tensions, exacerbated by fury at the objective fact that these ‘leaders’ assembled at great inconvenience and big expense to appear en masse in Canning Town with false smiles all round, only to find afterwards that the somewhat arrogant and disliked STASI-Chancellor Merkel was sabotaging part of the secret outcome of their meeting.

In particular the Editor was singularly impressed by the fact that as soon as he mentioned the intelligence, obtained from another source, that bankers standing in the way of the releases post-G-20 would be IMMEDIATELY ELIMINATED, this was instantly confirmed as accurate by a respected informant who could not have revealed it unless it had been mentioned by the Editor first.

• We were told: people who stand in the way will find that ‘they didn’t get to go home’.

In this connection, it is understood that two senior Directors on the Board of Citibank/Citigroup were ‘eliminated’ last week. When the Editor enquired whether this implied what he assumed it meant, the answer was in the affirmative; and the sources elaborated that ‘we think that they were zapped in some manner and suffered heart attacks’.

ROTHSCHILDS ‘DEALT WITH’ BY RUSSIAN AND CHINESE INTEL THUGS
Intelligence input received by this service also confirms that, standing in front of the Bush-Clinton-DVD-CIA Criminal Nexus, the three parties that have sabotaged the releases and the ‘final solution’ of this infernal Illuminati warfare all along have been the Rothschilds, the Connecticut Trust group of Trustee operatives, and Citibank. According to certain Jewish sources, no less, the Rothschilds’ behaviour has been dictated by their unwillingness to ‘lose their control’, or at least the degree of control to which they have been accustomed for generations.

Either during or shortly after the G-20 display in Canning Town, Russian and Chinese intelligence operatives (collaborating together under their long-range cooperative alliance) travelled to Paris, where they advised the Rothschilds there, that their ‘time is up’ and that they are required to yield. We were unable to establish why it was necessary for the Russians and Chinese to do this in Paris, given that the Rothschilds are headquartered these days in London. But it was stressed that the visit was not exactly a ‘friendly’ encounter.

And as previously noted, the Connecticut Trust group of Trustees, working for George Bush Sr., have indeed been in the habit of waiting for each successive attempt to procure the releases to be announced, attending at the relevant bank at the appointed date and time, creaming off the profit, and distributing it to designated recipients, as a consequence of which very large sums of money have accumulated in the bank accounts in question.

Further corrupt activity along these lines by these people will, we understand, result in them being summarily executed, like any bankers that may be foolish enough to persist, post-G-20, in standing in the way of resolution. A number of such Trustees have been ‘disposed of’ in the past after they got ‘too greedy’, but in the post-G-20 environment, no leeway is going to be allowed at all – which means that if this satanic impasse continues, we are going to see a number of bankers shot dead or ‘zapped’ in their offices, and Trustees gunned down at point blank range in the street.

As for Citibank, it seems that our early description of this institution as a criminal enterprise was a grotesque understatement on our part.

SECOND PHASE OF THE ICELANDIC LEG OF THE OCTOPUS ‘BLOWS’
The British press confirmed on 6th April 2009 that Iceland has hired Eva Joly, a Norwegian-French investigating magistrate who specialises in preparing complex fraud prosecutions, to advise the investigators and identify evidence of corruption. It will be recalled that the Bush Crime Family had been using Iceland as a laundering centre for elements of its Fraudulent Finance operations, and that the entire Icelandic financial system and the Icelandic krona went into meltdown last October after the Government had been forced to seize Kaupthing, Landsbanki and Glitnir, the country’s largest banks. Clearly, the Icelandic meltdown was an immediate consequence of the drying-up of liquidity in the system following the ‘lockdown’ event on 10th-12th September 2008 [see below].

The Daily Telegraph reported that a source close to the investigation said:

“We need serious help from Europe and the United Kingdom and tax havens to deal with the international aspects of this because it looks like there was a very elaborate network of crossholdings and money flowing overseas. It’s absolutely mind-boggling”.

It also looks as though the Icelandic authorities could benefit by a closer study of the background to their troubles, which they may not have understood, at the outset anyway: and that a good place for them to start might be with this website service.

THE GERMAN-ORIGINATED ‘BAIT AND SWITCH’ ROUTINE
The Franco-German Treaty of the Elysée was promoted by Dr Konrad Adenauer, the former Nazi-era Mayor of Cologne and friend of Schickelgrüber’s favourite German Jewish bankers, Drs Abs and Pferdmenges. Chancellor Adenauer is notorious for having told the Bundesrat that ‘we must never let the West know that our true orientation lies to the East’ – reflecting the historical realities that Nazism (National Socialism) and Communism (International Socialism) are dialectical twins and that German intelligence was resident inside the Kremlin (as it has been inside the White House and Downing Street) for many years: which explains the Ribbentrop-Molotov Pact, and why the Nazis alternated between alliance with the German asset Josef Stalin (who weakened Russia by liquidating the officer corps) and attacking Russia, like rats in a sack. Among these Luciferian beings, loyalties and allegiances are strictly ephemeral, expendable, replaceable, and perfunctory.

The same has always been true of the DVD operative Mr George H. W. Bush Sr., whose modus operandi has invariably been the ‘bait and switch’ technique of turning on his trading partners (Saddam Hussein, Misolevic, Noriega, Sarkozy) as soon as they become too powerful, inciting his monumental lust and jealousy. Indeed the ‘bait and switch’ technique is quintessentially Leninist: and since the United States is in fact structured just like an overt Marxist-Leninist state, this should come as no surprise, either.

U.S. POWER STRUCTURES MODELLED ALONG LENINIST LINES
All overt Communist states have a ‘Security Council’ which is superior to the Government itself – the same model as is evident in the United States, where the National Security Council (NSC) appears to be subordinate to the Presidency but in fact tells it what to do.

In other key respects, too, the US control structure is identical to that of overt Communist régimes – with the standard power triangle consisting of the Intelligence Power (the ‘State within the State’), which is answerable to no-one, supposedly balanced by the Military Power (which it controls) and the Party (which it also controls, and which in the United States is divided into the two dialectical false ‘opposites’, Republican and Democrat).

That the Party is ONE is evident from the seamless interaction between the two wings – so that President Obama has no problem sending his supposed Republican ‘rivals’ Kissinger and Baker to Moscow to talk with the other false dialectical World Revolution ‘opposites’, the covert Soviets.

THE STRAIGHTFORWARD DRUG-TRAFFICKING TEST
If we step back for a moment to reflect on the staged propaganda delivered to the world by Messrs Brown and Obama in recent days, we can short-circuit queries about the bona fides of these two characters quite simply. The elementary way to establish whether Obama and Brown are genuine or controlled (a simple test that applies to everyone else on the stage as well), is to ask (even though we all know the answer):

• Has President Obama ordered the CIA to get out of drug trafficking?

• Has Prime Minister Gordon Brown ordered Government Operations-2 (GO-2) within MI6 to get out of drug distribution via its control of the two drug cartels distributing drugs in the United Kingdom, and its financing of the main political parties using drug money proceeds?

Of course the answer to both questions is no. By extension, we can further ask the subsidiary question: are they serving the interests of the American/British peoples, or not? And again the answer has to be: they can’t be, otherwise this would be their top priority, wouldn’t it. In that case, if they aren’t serving the interests of their populations, they must be serving some other interest – namely, of course, the internationalist One World Agenda, operating CONTRARY to the interests of the nation state, which it seeks to obliterate. Since the nation state is the natural human condition and has been found to serve the preferences and interests of human beings best, it follows that the One World Agenda does not meet the requirements of human beings, and can never do so.

France, Germany, China, the ‘former’ Soviet Union, Israel and other countries are also in the drug business: but that’s not the point. The issue is: do our leaders serve our interests?

And clearly, since they preside over Governments that are engaged in satanic operations (drug-trafficking and distribution) the purpose of which is to make money out of destroying people’s lives, they most certainly do not.

If Brown and Obama had stood on that Canning Town platform and condemned drug-trafficking and the participation of their own structures in this heinous activity, one might have been excused for perhaps taking them seriously.

And there are plenty of other devilish government-sanctioned activities to which they should be opposed, as well. But since neither of these ‘leaders’ condemned them – making no mention of any of the foregoing fundamental causes of the criminal finance crisis, which is degrading the whole world, in their pompous globalist dirges – neither of these two operatives should command our respect: except that President Obama is Head of State and, as previously mentioned, whatever the personality occupying this position, he or she must command a degree of deference because he or she represents the people who are, or ought to be (but are not), sovereign.

In 2005, a US operative said to the Editor of this service: ‘Don’t attack the drug operatives, or they will kill you’. Oh, so the problem is insoluble, is it? It can’t be resolved because anyone standing up to them will be murdered? President Obama cannot be expected to do the right thing because it’s too dangerous? Brown, ditto?

• Here’s a consideration for your attention. We have just broken this taboo. Would good people who may be reading this report care to join in? By all means reproduce what we have published here: be the Editor’s guest.

DRUG MONEY PROCEEDS AND THE INTERBANK MARKET
Now you will doubtless recall that, as previously reported by this service, the Executive Director of UNODC, the United Nations Office on Drugs and Crime, Sr. Antonio Maria Costa, was interviewed in the January 2009 issue of the Austrian journal Profil, and that in that interview he stated that in the second half of 2008 (a period which we think extended from mid-September onwards: see below), the ‘only new liquidity’ in the interbank market was drug money.

The other sources had been closed off – especially the illegal and corrupt misuse of the $14.0 trillion funds, including the Queen’s LOAN money within a total of $6.2 trillion that had been made available to finance the private sector on-the-books Refunding Programme which is the SOLUTION to the crisis, as agreed by the Group of Seven leading financial powers in June 2007, when The Queen appealed for this transparent trading to proceed ‘for the sake of the whole of humanity’. The G-7 re-approved the private sector, revenue-generating refunding of the US Dollar System in 2008.

THAT SEPTEMBER 2008 MONEY ‘LOCKDOWN’
Following advice given and the steps taken at the beginning of September 2008, these funds (the entire $14.0 trillion) were placed into ‘lockdown’ between 10th and 12th September 2008, so that they could no longer be illegally exploited to finance the carousel, as previously explained. It was then only a matter of time before the Bush Crime Family-linked Madoff Ponzi scamming machine ran into severe trouble, in the context of the reported $7.0 billion of redemptions.

(Obviously it didn’t help that, according to The Jerusalem Post, Madoff had transferred $35 billion to the Israel Discount Bank via 181,000 separate wire transfers in the names of individual investors between March 2004 and the same month a year later) (4).

When ‘Sir’ R. Allen Stanford realised what was happening, he started to arrange for monies to be diverted from his various bank accounts – a state of affairs known to his one-man Antigua-based accountant, whose contract with Stanford expired on 31st December 2008. The accountant died suddenly on 1st January 2009.

From the information about drug money flows implied and given above, it can be assumed that one reason why the Great Powers do nothing whatsoever to terminate their structures’ drug-trafficking operations (except via token programmes designed to deflect criticism for public consumption) is that the resulting money flows lubricate the interbank market.

Which of course ties the banks, which are criminal enterprises, into the drug-trafficking business – explaining the corruption of the banks, which is justified on the basis of the argument that banks are neutral institutions which simply handle money flows.

Therefore, attempting to impose discipline and ‘standards’ on banks while Governments continue to sponsor and indulge in drug-trafficking, represents yet another display of the familiar duplicitous double-mindedness with which we have become familiar as we steadily strip the putrid layers of criminality off the legs of the criminal Octopus.

GERMAN MOLES INSIDE THE BRITISH OFFICIAL STRUCTURES
As in the United States, agents for the long-range Nazi strategic deception apparat are buried deep inside the UK structures, such as the Cabinet Office, the Treasury, the Office of the Deputy Prime Minister, the UK Ministry of Defence, the Foreign and Commonwealth Office and the Department for Work and Pensions.

For instance, the ‘Europe Minister’, a ‘Blair Babe’ called Caroline Flint, said at the beginning of April that every operational unit of the British Army, the Royal Navy and the Royal Air Force will soon be available to fight under the EU flag in future wars ‘as part of an EU ‘force catalogue’’. Such crass, revolutionary anti-nation state abominations perpetrated by brainwashed political puppets proceed even as the German operation to entrap its Member States, most importantly Britain, is running into the sand as discussed above – reminding us that the EU is a deliberately structured ‘automaton’ which may keep on functioning long after its underpinning foundations have collapsed beneath it.

Moreover key personnel at the Bank of England have also been instrumental in furthering the long-range Abwehr strategy, whether ‘on the payroll’ or due to blackmail or other satanic pressures.

Thus a key figure at the Bank is a known de facto German agent, with an offshore bank account with Henry Ansbacher, British Virgin Islands (which harbours about 400,000 offshore corporations, the documents for which are stored in a concrete building there).

This crucial information emerged following the previously reported seizure by 300 heavily armed Metropolitan Police of the ‘Safety Lock Boxes’ in Mayfair, Edgeware and Hampstead on 2nd June 2008, as previously reported. ‘Payroll’ funds paid to this corrupt de facto agent for the DVD are believed to be siphoned via Deutsche Bank and UBS to the named bank in the British Overseas Territory, for the beneficiary whose account is in the name of Passenham.

CORRUPT TURKS AND CAICOS ISLANDS TO BE TAKEN OVER BY BRITAIN
In this context it is to be noted that the British Government is now in the process of bringing in legislation at Westminster, following a Commission of Inquiry headed by a British Judge, Sir Robin Auld, to suspend the Constitution of the Turks and Caicos Islands, to remove the Government and Cabinet, to close the single-camera House of Parliament (the House of Assembly) and to assume direct rule under the control of the Governor for an initial period of two years, in order to get to grips with the rampant corruption throughout the Territory‘s structures that the Commission has uncovered. The draft Order-in-Council to put this process into effect was submitted to Her Majesty The Queen in Council on 18th March and was laid before Parliament on 25th March. On the basis of current information, the takeover is expected to come into effect late this month.

Our Latin American service, The Latin American Times [Volume 20, Number 9], to be published in May 2009, will be devoted to this development.

PROFESSORS CLIMB ONTO OUR BANDWAGON
The Editor’s experience all his reporting life is that we stick our necks out in anticipation of what will take place. What we predict then takes place. Many months, perhaps even a year or more later, academics too timid to run the risk of sticking their necks out realise that what was predicted has indeed taken place. They then proceed to muscle in and to pontificate on the subject, having failed to anticipate what was coming down, but now, with the benefit of hindsight, claiming 100% of the credit for their ‘wise prognostications’ for themselves.

Current instances of this syndrome include pronouncements by the Nobel Laureate (therefore by definition, ‘prescient’) economist Joseph Stiglitz, and Professor K. Black, a Professor of Economics and Law with the University of Missouri:

• Dr Joseph Stiglitz, 3rd April 2009: ‘The Obama Administration’s $500 billion or more proposal to deal with America’s ailing banks has been described by some in the financial markets as a win-win-win proposal’, Stiglitz writes in The New York Times.

‘Actually, it’s a win-win-lose proposal: the banks win, investors win, and taxpayers lose’.

The (Geithner) proposal is ‘marked by overleveraging in the public sector, excessive complexity, poor incentives and a lack of transparency’, Stiglitz says.

‘The Government plan in effect involves insuring almost all losses. Since the private investors are spared most losses, then they primarily ‘value’ their potential gains’.

• Professor William K. Black, 5th April 2009: In an interview on the Public Broadcasting Service (PBS) Bill Moyers Journal, William K. Black, Professor of Economics and Law at the University of Missouri, alleged that American banks and credit agencies conspired to create a system in which so-called ‘liars’ loans’ could receive AAA ratings and zero oversight, amounting to a truly massive FRAUD at the epicentre of American finance. But worse still, claimed Dr Black, Timothy Geithner, President Barack Obama’s Secretary of the Treasury, is currently engaged in a cover-up to keep the truth of America’s insolvency from its citizens’.

We can’t be bothered right now to sock you all of Professor Black’s prognostications: but if you have time to track them down on the Internet, you may, uh, come across a good deal of ‘thinking’ that you’ll instantly ‘recognise’ from your very assiduous reading of these reports and, if you are a subscriber, from your study of our analyses in successive issues of International Currency Review.

• For all of the above, please see these reports and successive issues of our journals, passim.

HYPOCRISY AND CANT IN THE G-20 COMMUNIQUE
The G-20 Communiqué (5) recycled the phrase that has been repeatedly used by Prime Minister Brown and his beleaguered and somewhat baffled Chancellor of the Exchequer, Alastair Darling, namely that ‘we have today pledged to do WHATEVER IS NECESSARY’ to:

• Restore confidence, growth, and jobs [unspoken: that we have destroyed by permitting and indulging in Fraudulent Finance];

• Repair the financial system [unspoken: that we have destroyed ditto] to restore lending;

• Strengthen financial regulation [unspoken: in order to regain former control over what our own permissive behaviour allowed to get completely out of control] to rebuild trust [unspoken: which our wayward, wilful and reprobate Fraudulent Finance behaviour, corruption, lies and systematic deception may have permanently destroyed];

• Fund [unspoken: using stolen and diverted funds and money created from the illicit use of other people’s money such as that of The Queen, in defiance of the legal principle that ‘the money you make from your illicit use of my money is my money’] and reform [unspoken: which we have been talking and doing not a lot about for years] our international financial institutions to overcome this crisis [unspoken: of our own making] and prevent future ones [unspoken: that is to say, crises of our own making that run beyond our control, like this one];

• Promote global trade and investment [unspoken: because we realise that in our greed and in pursuit of our secret agendas, we have come close to destroying ‘our global economy’, ‘globalism’ and therefore our planned route towards The New Underworld Order] and reject protectionism [which would complete the process of destroying our One World model], to underpin prosperity [unspoken: by which we really mean ‘to put our globalist model back together again]; and:

• Build an inclusive [globalist cliché], green [globalist cliché implying the unproven ideology of global warming] and sustainable recovery [globalist cliché: the standard overuse of the weasel word ‘sustainable’ implies that ‘if we don’t do what we are ordering the ‘planet’ to do, humanity will perish – a lie based upon the fallacy that the earth’s resources are finite, which is not true. At the time of Christ, there would have been perhaps 50-100 million people on earth. There are now 6.5 billion; and we are all breathing].

CRUCIAL FISCAL UNDERTAKINGS IN PARAGRAPH SIX
The Communiqué is full of this familiar globalist language, embracing ideologically ‘uncontestable’ presumptions which mask crude propaganda that is not to be challenged by simple people like us.

However Paragraph 6 contained actual SUBSTANCE, even though its CONTENT was masked in G-20-‘speak’ – the OPERATIVE keyword here being FISCAL:

‘6. We are undertaking a concerted fiscal expansion, which will save or create millions of jobs which would otherwise have been destroyed, and that will, by the end of next year, amount to $5 trillion, raise output by 4 per cent, and accelerate the transition to a green economy. We are committed to deliver the scale of sustained fiscal effort necessary to restore growth’.

But if we just take the British situation, there is no scope for ‘fiscal stimulus’ (reducing taxes) at all: in fact, in deference to German policy which is being served by the behaviour of the Governor of the Bank of England, who presided over the mismanagement of a (deliberately?) failed gilt issue the other day, the Chancellor of the Exchequer has actually been talking about RAISING TAXES, i.e. producing a deflationary budget later this month WHICH WILL MAKE THE SITUATION VERY MUCH WORSE. This is EXACTLY in line with covert DVD strategy to decapitate the British economy.

• FACT: In line with their slogan ‘For us the war never ended’, German (Nazi) strategists consider all economic policy to represent a pretext for economic warfare.

So what does Paragraph 6 mean by FISCAL?

The G-7-Approved private sector Refunding Programme of transparent trades yielding TAXABLE REVENUE to reliquefy the banks ON THE BOOKS, is the ONLY means whereby FISCAL STIMULUS can be delivered in the prevailing circumstances.

• FACT: The $5.0 trillion mentioned in Paragraph 6 refers to the tax that will have been raised on the books from the proceeds of the private sector Refunding Programme by the end of 2010.

By contrast, ‘Geithnerism’ – the son of ‘Paulsonism’ – involving the reckless, open-ended creation of Treasury debt in the background, creates no revenue at all, since by definition the public sector generates debt whereas it is ONLY the private sector that can generate TAXABLE REVENUE.

Therefore, it is clear that Paragraph 6 refers to the intended transparent private sector Refunding Programme, which, as this service has repeatedly sought to explain, both in these reports and in our printed subscription services, provides the SOLUTION to the crisis.

Indeed, the crisis would never have reached ‘train wreck’ status if this solution had been applied as soon as it had been approved by the Group of Seven financial powers in 2007. Instead of which, the criminal Paulson-Bush Jr. Treasury chose, as the Obama Treasury has also done, the corrupt off-balance sheet method – in a display of wanton arrogance and stupidity that defies belief, since the owners of the brains in question have more than enough ‘smarts’ between them to have been able to discern the correct way forward.

But crude self-enrichment and financing The New Underworld Order remained the priority, with the disastrous consequences that we predicted on 2nd September 2006 and again in December that year, and in our ‘train wreck’ reports in the summer of 2007: a disgraceful and disgusting display of opinionated, reprobate US official misbehaviour that cannot be expunged from the record (even though the ‘mainstream’ media is doing its best here) given that International Currency Review is resident all over the world, as a witness to these deliberate, criminal abominations.

THE PRIVATE MEETING BETWEEN THE QUEEN AND PRESIDENT OBAMA
Which brings us to what may have been said during the prolonged private meeting between the Queen and President Obama on 1st April 2009. After hastily trying to expunge the insults heaped upon the British during Mr Brown’s earlier visit to Washington, as we have described, President Obama’s minders stood on their heads and started promulgating the opposite message, namely that the ‘Special Relationship’ (so comprehensively mangled by criminalised American Administrations) is greatly to be valued, while our head of State is a jewel without compare (true).

Even so, President Obama arrived under a cloud, as implied by our ‘interview’ between The Queen and the President (see reports from 26th to 31st March 2009 – this text being so close to the reality that certain forces had it ‘snipped’ from our original report).

Now self-evidently, there would have been no flies on any wall inside Buckingham Palace. But even if a microphone had been installed within a picture frame above the Royal mantlepiece, no part of this supremely important private conversation could possibly, under any circumstances, have been leaked, and certainly not to the Editor of this service. That said, close observation left no doubt at all that The Queen deployed her unparalleled skills developed over 57 years of loyal service to place the young President at his ease, and then to persuade him that cooperation rather than confrontation would reap magnificent benefits for both parties, and for the whole world.

Since on-the-books private sector refunding using transparent, fully taxed trading operations yielding TAXABLE REVENUE in spades is the ONLY solution to the shambles created by the Bush-Paulson-Cheney criminal Administration, and exacerbated by the decisions taken under Geithner, and since transparent refunding will finance President Obama’s entire ambitious programme, with money to spare, it would appear that the Queen did not need to over-emphasise what the very intelligent President Barack Obama could certainly now see immediately for himself.

The unanswered question is whether his advisers, all of whom are linked to the Clinton Criminal Compartment of the CIA, had obfuscated this obvious solution or withheld any review of it from his attention – begging the further unanswered question as to whether President Obama was himself complicit in ignoring the G-7-Approved private sector Refunding Programme, or not.

But, as explained in the final brief update to our report dated 31st March, this is now, if the above assessment is correct, ‘water under the bridge’. What matters is that The Queen has diplomatically charmed and ‘turned’ President Obama in the interests of BOTH parties, and ‘for the sake of the whole of humanity’. In the event that the Refunding Programme is sabotaged, then we would join those who proclaim that we are all doomed: but the indications are that it is to proceed.

SUDDEN CHANGE OF LANGUAGE AT THE FED
Open domain indications that A GENUINE DISCONTINUITY occurred as a specific consequence of the successful meeting between The Queen and President Obama are oblique, but telling. We can start with smoke signals from the Federal Reserve which – significantly – began almost immediately after the G-20 theatrical display, and which represented a precise REVERSAL of what the Federal Reserve had been saying PRIOR to that date. To wit:

• Bloomberg, 3rd April 2009: ‘Federal Reserve Chairman Ben S. Bernanke said the central bank must retain the flexibility to withdraw its record injection of credit into the economy to keep inflation in check when the crisis abates’.

‘The central bank’s emergency ‘activities must not constrain the exercise of monetary policy as needed to meet our Congressional mandate to foster maximum sustainable employment and stable prices’, Bernanke said in a speech in Charlotte, North Carolina’.

‘The US central bank has effectively printed money to buy or lend against a range of assets [sic – Ed.] to alleviate the credit crunch and revive the economy. Bernanke’s speech today detailed steps that the Fed can take to remove that liquidity’.

• Bloomberg, 4th April: ‘The Federal Reserve’s two top officials assured that they will pull back their emergency credit programs once the crisis fades, even as they prepare to flood the system further with in excess of $1.0 trillion’.

‘Chairman Ben S. Bernanke said yesterday in Charlotte, North Carolina, that the Fed must retain the flexibility to withdraw its record cash injections to restrain prices. Vice Chairman Donald Kohn said in Wooster, Ohio, ‘the trick will be unwinding this balance sheet in a timely way to avoid inflation’.

‘We can’t go into this without knowing how we are going to get out again’, Kohn, 66, who’s worked for the Fed almost four decades, said in response to a question after a speech at the College of Wooster, where he received a bachelor’s degree in economics’.

FED PUSH FOR EXEMPTION FROM STATUTORY DEBT CEILING
In the course of his comments in Ohio, Kohn also lifted the lid on ANOTHER debt-building operation which may be in the pipeline, thereby reconfirming what a dreadful mess the Federal Reserve and the Treasury find themselves in as a consequence of their participation in and accommodation of this Fraudulent Finance orgy that came to a juddering halt in September 2008.

According to Bloomberg:

‘Kohn said the Fed and Treasury are seeking ‘other tools’ from Congress to help mop up excess cash. One possibility is that the Fed issue its own securities, or ‘Fed bills’, or the Treasury could issue special bills, and put the cash on deposit at the Fed’.

‘“It is important to get either of those tools EXEMPT FROM THE DEBT CEILING so that the Fed could have the power to absorb all the reserves it wanted to”, Kohn said’.

This, of course, would destroy the residual purpose of the Statutory Debt Ceiling, which is all that remains of Congress’s power to curb excessive borrowing by the Government.

In other words, to get out of its ghastly bind, the Federal Reserve is now pushing for a breach in the Statutory Debt Ceiling, which the Congress traditionally guards like a hawk – since if it were to be discarded or eroded, the Legislative Branch would be unable to exercise any constraint at all on the permissive borrowing of the Executive Branch.

FED NOW LESS CONCERNED ABOUT DEBT BECAUSE OF REFUNDING?
Now we have a choice here: we can speculate that this represents just the latest in a long line of demands by the Federal Reserve for the Legislature to furnish it with ‘whatever is necessary’ to enable it to overcome the calamity brought about by the fact that its previous Chairman, Dr Alan Greenspan, was DVD chieftain George H. W. Bush’s chief trader while also serving as Chairman of the Federal Reserve Board; or we can speculate that, post-2nd April 2009, the Federal Reserve may be less concerned (assuming it ever was) about the Treasury’s colossal trash debt burden, given that it has had to recognise that the transparent private sector Refunding Programme generating windfall TAXABLE REVENUE is to go ahead from London, following the private meeting between The Queen and President Obama, so that there is nothing the Fed can do about it.

It is difficult to imagine how the Federal Reserve could possibly contemplate a full-frontal attack on Congress’s sacred Statutory Debt Limit if this were not the case.

As background, it is also a fact that private commentators are starting to deploy language that we have used for a long time in our reports. For instance, the US commentator Sean Brodrick stated on 1st April 2009 that bankers are financial terrorists and should be indicted. Thank you very much. Some of them may now be shot on sight: see above.

THE POST-G-20 CIA ‘COLLAPSING’ OPERATION
Beyond that, the following incredible state of affairs became apparent AFTER the conclusion of the overhyped G-20 theatrical display. What follows will stagger many people, no doubt.

Since we were double-crossed (see relevant reports dated 3rd and 18th March 2008), against the background of the de facto stealing of the Editor’s $35,000 private loan repayable with interest after two years on 11th June 2007, the Editor naturally severed relations with Mr Wanta. However on 24th March 2009, we received a copy of an email despatched by Wanta and addressed to an extended (revealed) list of media types, and to Attorney General Eric Holder, Lawrence Summers, Mr Paul A. Volcker, the Inspector General of the Federal Reserve, First Lady Michelle Obama, Valerie Jarrett, New York State Governor David A Patterson, Vice President Joseph Biden, US Treasury Secretary Timothy Geithner, US Special Counsel Patrick Fitzgerald, GAOFRAUDNET, the Joint Committee on Foreign Affairs, US Securities and Exchange Commission Enforcement Investigations, US Army Inspector General Green, US President Barack H. Obama and others, reading as follows:

Date: Tuesday, March 24, 2009, 11:51 am:
On advice of legal counsel, we will immediately seek treble damages from the US Department of the Treasury, et al, for lawless conversion of US Dollars 4.5 trillion plus daily interest accruals, and for denying me the lawful opportunity to pay my civil/repatriation income tax payment of US Dollars 1.575 trillion directly to our US Department of Treasury, Internal Revenue Service, Washington DC, USA, among other continuing incidents to be documented with extensive exhibits/documentation’.

President Obama… Thank you for trying, but it appears that our mutual attempt to cooperate and readily assist in the economic difficult times have fallen on deaf ears.

Thank you for your kind assistance.

Ambassador Lee Emil Wanta to the United Nations/USA/PRC/Republic of Singapore/State of Israel, Jerusalem.

Principality Central Bank Chairman.

Principality Trade Commissioner.

IT IS TIME………………“Never Let the Magic Dim”.

• Note: The ‘principality’ in question is a ‘micro-state’ in the Sydney, Australia, area calling itself The Principality of Snake Hill. The establishment of actual or ‘virtual’ micro-states (some of which are supposedly recognised by the United Nations) is a cynical operation of the globalist One World manipulators designed to hasten the fragmentation of the integrity of nation states. For instance, such a ‘micro-state’ exists inside the Soviet Military Intelligence (GRU) complex outside Moscow.

We make no further comment on the above, and proceed now to two further comparably extraordinary developments.

On 3rd April, THE VERY DAY AFTER THE G-20 MEETING, Mr Michael C. Cottrell, B.A., M.S., received a telephone call from the Commonwealth of Virginia Department of Taxation asking him for filing and tax documentation in respect of AmeriTrust Groupe, Inc., Wanta’s corporation.

However it may be recalled that on 23rd March 2008, Wanta fired Michael Cottrell from his positions as Treasurer and Executive Vice President of AmeriTrust Groupe, Inc., by issuing and promulgating a three-page document called ‘Resolution of the Sole Shareholder’, whereas of course corporate resolutions are universally required to be Resolutions of the Board of Directors.

Equipped with this document, Mr Cottrell obtained the necessary forms from the Commonwealth of Virginia authorities and proceeded, with relief and at once, to file the necessary formal notices of his (irregular) ‘dismissal’ and his RESIGNATION dated 23rd March 2008 [see above] with the State tax authorities in Richmond, Commonwealth of Virginia.

But natürlich, on 3rd April 2009 the Virginia State authorities claimed, didn’t they, that they had no knowledge of that filing. Within half an hour, Michael Cottrell was of course able to fax copies of the documents that were filed with Virginia on 31st March 2008. Those papers necessarily stated that since Mr Cottrell was no longer Executive Vice President and Treasurer of AmeriTrust Groupe, Inc., as of 23rd March 2008, all future enquiries and communications should be addressed to Mr Wanta at an address in the State of Wisconsin.

Again, bear in mind that this sudden interest on the part of the Virginia tax authorities surfaced IMMEDIATELY FOLLOWING THE CLOSURE OF THE G-20 MEETING IN THE LONDON AREA.

Thirdly, we were informed, AGAIN on 3rd April 2009, by a knowledgeable US official source, that the State of Wisconsin Department of Revenue is to commence legal proceedings or has commenced legal proceedings to sue Bank of America, Richmond, for $4.5 trillion! See our Wantagate Petition for a Writ of Mandamus reports from June 2007 onwards, for background.

Now you may recall from our report dated 6th August 2007 that we have long since proved, with the assistance of documents (reproduced in International Currency Review) that the Wisconsin State Department of Revenue engaged in criminal conduct in charging Wanta THREE TIMES for State tax amounting to $14,129.00, which was paid twice, in May and then in June 1992, and a third time on 21st July 2005 using the Editor’s private LOAN funds. We also identified other respects in which criminal conduct by that Department was demonstrated.

The Editor attempted to assist Mr Wanta by asking the Wisconsin Court whether it would issue, following the ending of his probation as a consequence of the Editor’s payment effective 14th November 2005, the appropriate document recognising the restitution, but made no progress. Finally, on 17th October 2007, the Editor terminated this assistance by writing a Misprision of Felony letter to the relevant Judge in Wisconsin, drawing the Judge’s attention yet again to the matters displayed in our report dated 6th August 2007. All this information has been in the public domain in our financial journal and on this website for a very prolonged period of time.

We can comment no further on the specifics identified above. But what we CAN do, is draw your attention, finally, to the following considerations:

• As indicated, the telephone call from the Commonwealth of Virginia tax authorities and news of the Wisconsin Department of Revenue’s reported lawsuit against Bank of America BOTH occurred on 3rd April 2009, one day after the G-20 meeting.

• This clearly tends to support our assessment that A DECISIVE DISCONTINUITY amounting to ‘a resolution’ of key issues coincided with the G-20 event, arising from the meeting between The Queen and President Obama – ‘necessitating’ a CIA-contrived ‘collapsing’ operation (see below), (leaving aside the separate fact that Chancellor Merkel is reported, post-G-20, to be sabotaging the releases, as discussed above).

It could possibly be argued that the timing of the telephone call and the lawsuit information were both consequent specifically upon the issuance of Wanta’s notice of RICO action against the US Treasury; but in the overall G-20 context, that seems unlikely.

• The suing and cross-suing identified above represents a classic CIA IMPLOSION OPERATION, the overall purpose of which may well be to BURY this matter in a ‘Black’ avalanche of deliberately contrived confusion. It is associated with a parallel escalation of provocatively convoluted website confusion designed to intensify the impenetrable fog of disinformation, diversion, redirection and deception, with everyone portrayed to be fighting everyone else, and all at each other’s throats (a well-known cynical intelligence community obfuscation technique).

The intention of the lawsuits may be to ‘disappear’ the funds that have long since been stolen or diverted in a fog of cross-litigation lasting for years, with the prospect that cases will be dismissed and the entire matter wound up by process of exhaustion. Was this pre-planned? Of course it was.

• And was the advice given to Wanta to embark upon a RICO action ‘poisonous’ advice from a CIA lawyer? You decide.

The $6.2 trillion, of course, is not connected in any way with the foregoing, and was withdrawn as previously reported by this service, on 29th January 2009.

Notes:

(1) The verb ‘to thaumatrope’: to bombard captive audiences with endless verbiage without regard for those forced to put up with this offensive, such that the thaumatroper is engaged in a verbal assault from which the audience cannot escape.

(2) Base allegations that the Editor is ‘anti-French’ or ‘anti-German’ represent the concoctions of diminished minds. The Editor has visited France all his life, speaks French and has close friends in France. He studied singing in Vienna and travelled extensively in Germany in younger days, and listens non-stop to German classical music. We are addressing the evils of Governments and of the globalist usurpers, not of the abused peoples they are supposed to be serving.

(3) See the Editor’s book The New Underworld Order, Chapter Ten: ‘The Thousand-Year Reich’, available from the Edward Harle Limited (intelligence books) section of this combined website.

(4) During dinner in a Tarrytown, NY, restaurant the other day, the Editor’s guest asked what proportion of the perpetrators of these financial crimes are of Jewish extraction, to which the Editor responded: ‘100%’ (not quite true, as Stanford isn’t Jewish: but he’s an exception).

A few days later, an American Jewish contact in London made the unsolicited pertinent point to the Editor that ordinary people of Jewish extraction are getting extremely concerned at what has been happening because, as he put it, ‘they don’t want to be the scapegoats again’. This point was also raised several years ago by a Jewish leader in New York, who warned that if the Jewish community did not take care, there might be a ‘repeat performance’: and this was long before most people had heard of Bernard L. Madoff. The Education Director of a US School and Synagogue who is a friend of the Editor was asked some years ago (by the Editor) what his community’s attitude was towards these Jewish criminals who give the community such a bad name. He responded: ‘These people are a grave and continuing worry to our community. It is a very serious problem’.

These observations should ‘pacify’ anyone of diminished mental capacity who may deduce that our use of the taboo word ‘Jewish’ has any implications whatsoever beyond stating facts as they are, rather than in conformity with mind-controlled ‘political correctness’. Finally, the Editor’s Jewish friends on both sides of the Atlantic openly share this assessment.

(5) The full text of the Group of Twenty Communiqué issued from the London Summit on 2nd April 2009, is appended here for the record:

1. We, the Leaders of the Group of Twenty, met in London on 2 April 2009.

2. We face the greatest challenge to the world economy in modern times; a crisis which has deepened since we last met, which affects the lives of women, men, and children in every country, and which all countries must join together to resolve. A global crisis requires a global solution.

3. We start from the belief that prosperity is indivisible; that growth, to be sustained, has to be shared; and that our global plan for recovery must have at its heart the needs and jobs of hard-working families, not just in developed countries but in emerging markets and the poorest countries of the world too; and must reflect the interests, not just of today’s population, but of future generations too. We believe that the only sure foundation for sustainable globalisation and rising prosperity for all is an open world economy based on market principles, effective regulation, and strong global institutions.

4. We have today therefore pledged to do whatever is necessary to:
• Restore confidence, growth, and jobs;
• Repair the financial system to restore lending;
• Strengthen financial regulation to rebuild trust;
• Fund and reform our international financial institutions to overcome this crisis and prevent future ones;
• Promote global trade and investment and reject protectionism, to underpin prosperity; and
• Build an inclusive, green, and sustainable recovery.

By acting together to fulfil these pledges we will bring the world economy out of recession and prevent a crisis like this from recurring in the future.

5. The agreements we have reached today, to treble resources available to the IMF to $750 billion, to support a new SDR allocation of $250 billion, to support at least $100 billion of additional lending by the MDBs, to ensure $250 billion worth of support for trade finance, and to use the additional resources from agreed International Monetary Fund gold sales for concessional finance for the poorest countries, constitute an additional $1.1 trillion programme of support to restore credit, growth and jobs in the world economy. Together with the measures we have each taken nationally, this constitutes a global plan for recovery on an unprecedented scale.

Restoring growth and jobs:

6. We are undertaking an unprecedented and concerted fiscal expansion, which will save or create millions of jobs which would otherwise have been destroyed, and that will, by the end of next year, amount to $5 trillion, raise output by 4 per cent, and accelerate the transition to a green economy. We are committed to deliver the scale of sustained fiscal effort necessary to restore growth.

7. Our central banks have also taken exceptional action. Interest rates have been cut aggressively in most countries, and our central banks have pledged to maintain expansionary policies for as long as needed and to use the full range of monetary policy instruments, including unconventional instruments, consistent with price stability.

8. Our actions to restore growth cannot be effective until we restore domestic lending and international capital flows. We have provided significant and comprehensive support to our banking systems to provide liquidity, recapitalise financial institutions, and address decisively the problem of impaired assets. We are committed to take all necessary actions to restore the normal flow of credit through the financial system and ensure the soundness of systemically important institutions, implementing our policies in line with the agreed G-20 framework for restoring lending and repairing the financial sector.

9. Taken together, these actions will constitute the largest fiscal and monetary stimulus and the most comprehensive support programme for the financial sector in modern times. Acting together strengthens the impact and the exceptional policy actions announced so far must be implemented without delay. Today, we have further agreed over $1 trillion of additional resources for the world economy through our international financial institutions and trade finance.

10. Last month the IMF estimated that world growth in real terms would resume and rise to over two percent by the end of 2010. We are confident that the actions we have agreed today, and our unshakeable commitment to work together to restore growth and jobs, while preserving long-term fiscal sustainability, will accelerate the return to trend growth. We commit today to taking whatever action is necessary to secure that outcome, and we call on the IMF to assess regularly the actions taken and the global actions required.

11. We are resolved to ensure long-term fiscal sustainability and price stability and will put in place credible exit strategies from the measures that need to be taken now so as to support the financial sector and restore global demand. We are convinced that by implementing our agreed policies we will limit the longer-term costs to our economies, thereby reducing the scale of the fiscal consolidation necessary over the longer term.

12. We will conduct all our economic policies cooperatively and responsibly with regard to the impact on other countries and will refrain from competitive devaluation of our currencies and promote a stable and well-functioning international monetary system. We will support, now and in the future, to candid, even-handed, and independent IMF surveillance of our economies and financial sectors, of the impact of our policies on others, and of risks facing the global economy.

Strengthening financial supervision and regulation:

13. Major failures in the financial sector and in financial regulation and supervision were fundamental causes of the crisis. Confidence will not be restored until we rebuild trust in our financial system. We will take action to build a stronger, more globally consistent, supervisory and regulatory framework for the future financial sector, which will support sustainable global growth and serve the needs of business and citizens.

14. We each agree to ensure our domestic regulatory systems are strong. But we also agree to establish the much greater consistency and systematic cooperation between countries, and the framework of internationally agreed high standards, that a global financial system requires.

Strengthened regulation and supervision must promote propriety, integrity and transparency; guard against risk across the financial system; must dampen rather than amplify the financial and economic cycle; reduce reliance on inappropriately risky sources of financing; and discourage excessive risk-taking. Regulators and supervisors must protect consumers and investors, support market discipline, avoid adverse impacts on other countries, reduce the scope for regulatory arbitrage, support competition and dynamism, and keep pace with innovation in the marketplace.

15. To this end we are implementing the Action Plan agreed at our last meeting, as set out in the attached progress report. We have today also issued a Declaration, Strengthening the Financial System. In particular we agree:

• To establish a new Financial Stability Board (FSB) with a strengthened mandate, as a successor to the Financial Stability Forum (FSF), including all G-20 countries, FSF members, Spain, and the European Commission;

• That the FSB should collaborate with the IMF to provide early warning of macroeconomic and financial risks and the actions needed to address them;

• To reshape our regulatory systems so that our authorities are able to identify and take account of macro-prudential risks;

• To extend regulation and oversight to all systemically important financial institutions, instruments and markets. This will include, for the first time, systemically important hedge funds;

• To endorse and implement the FSF’s tough new principles on pay and compensation and to support sustainable compensation schemes and the corporate social responsibility of all firms;

• To take action, once recovery is assured, to improve the quality, quantity, and international consistency of capital in the banking system. In future, regulation must prevent excessive leverage and require buffers of resources to be built up in good times;

• To take action against non-cooperative jurisdictions, including tax havens. We stand ready to deploy sanctions to protect our public finances and financial systems. The era of banking secrecy is over. We note that the OECD has today published a list of countries assessed by the Global Forum against the international standard for exchange of tax information;

• To call on the accounting standard setters to work urgently with supervisors and regulators to improve standards on valuation and provisioning and achieve a single set of high-quality global accounting standards; and:

• To extend regulatory oversight and registration to Credit Rating Agencies to ensure they meet the international code of good practice, particularly to prevent unacceptable conflicts of interest.

16. We instruct our Finance Ministers to complete the implementation of these decisions in line with the timetable set out in the Action Plan. We have requested the FSB and the IMF to monitor progress, working with the Financial Action Taskforce and other relevant bodies, and to provide a report to the next meeting of our Finance Ministers in Scotland in November.

Strengthening our global financial institutions :

17. Emerging markets and developing countries, which have been the engine of recent world growth, are also now facing challenges which are adding to the current downturn in the global economy. It is imperative for global confidence and economic recovery that capital continues to flow to them. This will require a substantial strengthening of the international financial institutions, particularly the IMF. We have therefore agreed today to make available an additional $850 billion of resources through the global financial institutions to support growth in emerging market and developing countries by helping to finance counter-cyclical spending, bank recapitalisation, infrastructure, trade finance, balance of payments support, debt rollover, and social support.

To this end:

• We have agreed to increase the resources available to the IMF through immediate financing from members of $250 billion, subsequently incorporated into an expanded and more flexible New Arrangements to Borrow, increased by up to $500 billion, and to consider market borrowing if necessary; and:

• We support a substantial increase in lending of at least 100 billion dollars by the Multilateral Development Banks (MDBs), including to low income countries, and [will] ensure that all MDBs have the appropriate capital [Text unclear here].

18. It is essential that these resources can be used effectively and flexibly to support growth. We welcome in this respect the progress made by the IMF with its new Flexible Credit Line (FCL) and its reformed lending and conditionality framework which will enable the IMF to ensure that its facilities address effectively the underlying causes of countries’ balance of payments financing needs, particularly the withdrawal of external capital flows to the banking and corporate sectors.

We support Mexico’s decision to seek an FCL arrangement.

19. We have agreed to support a general SDR allocation which will inject $250 billion into the world economy and increase global liquidity, and urgent ratification of the Fourth Amendment.

20. In order for our financial institutions to help manage the crisis and prevent future crises we must strengthen their longer term relevance, effectiveness and legitimacy. So alongside the significant increase in resources agreed today we are determined to reform and modernise the international financial institutions to ensure they can assist members and shareholders effectively in the new challenges they face. We will reform their mandates, scope and governance to reflect changes in the world economy and the new challenges of globalisation, and that emerging and developing economies, including the poorest, must have greater voice and representation. This must be accompanied by action to increase the credibility and accountability of the institutions through better strategic oversight and decision making.

To this end:

• We commit to implementing the package of IMF quota and voice reforms agreed in April 2008 and call on the IMF to complete the next review of quotas by January 2011;

• We agree that, alongside this, consideration should be given to greater involvement of the Fund’s Governors in providing strategic direction to the IMF and increasing its accountability;

• We commit to implementing the World Bank reforms agreed in October 2008. We further look forward to further recommendations, at the next meetings, on voice and representation reforms on an accelerated timescale, to be agreed by the 2010 Spring Meetings;

• We agree that the heads and senior leadership of the international financial institutions should be appointed through an open, transparent, and merit-based selection process; and:

• Building on the current reviews of the IMF and World Bank we asked the Chairman, working with the G-20 Finance Ministers, to consult widely in an inclusive process and report back to the next meeting with proposals for further reforms to improve responsiveness and adaptability of the IFIs.

21. In addition to reforming our international financial institutions for the new challenges of globalisation we agreed on the desirability of a new global consensus on the key values and principles that will promote sustainable economic activity. We support discussion on such a charter for sustainable economic activity with a view to further discussion at our next meeting.

We take note of the work started in other fora in this regard and look forward to further discussion of this charter for sustainable economic activity.

Resisting protectionism and promoting global trade and investment:

22. World trade growth has underpinned rising prosperity for half a century. But it is now falling for the first time in 25 years. Falling demand is exacerbated by growing protectionist pressures and a withdrawal of trade credit. Reinvigorating world trade and investment is essential for restoring global growth. We will not repeat the historic mistakes of protectionism of previous eras.

To this end:

• We reaffirm the commitment made in Washington: to refrain from raising new barriers to investment or to trade in goods and services, imposing new export restrictions, or implementing World Trade Organisation (WTO) inconsistent measures to stimulate exports. In addition we will rectify promptly any such measures. We extend this pledge to the end of 2010;

• We will minimise any negative impact on trade and investment of our domestic policy actions including fiscal policy and action in support of the financial sector. We will not retreat into financial protectionism, particularly measures that constrain worldwide capital flows, especially to developing countries;

• We will notify promptly the WTO of any such measures and we call on the WTO, together with other international bodies, within their respective mandates, to monitor and report publicly on our adherence to these undertakings on a quarterly basis;

• We will take, at the same time, whatever steps we can to promote and facilitate trade and investment; and:

• We will ensure availability of at least $250 billion over the next two years to support trade finance through our export credit and investment agencies and through the MDBs.

We ask our regulators to make use of available flexibility in capital requirements for trade finance.

23. We remain committed to reaching an ambitious and balanced conclusion to the Doha Development Round, which is urgently needed. This could boost the global economy by at least $150 billion per annum. To achieve this we are committed to building on the progress already made, including with regard to modalities.

24. We will give renewed focus and political attention to this critical issue in the coming period and will use our continuing work and all international meetings that are relevant to drive progress.

Ensuring a fair and sustainable recovery for all:

25. We are determined not only to restore economic growth but to lay the foundation for a fair and sustainable world economy. We recognise that the current crisis has a disproportionate impact on the vulnerable in the poorest countries and recognise our collective responsibility to mitigate the social impact of the crisis to minimise long-lasting damage to global potential.

To this end:

• We reaffirm our historic commitment to meeting the Millennium Development Goals and to achieving our respective ODA pledges, including commitments on Aid for Trade, debt relief, and the Gleneagles commitments, especially to sub-Saharan Africa;

• The actions and decisions we have taken today will provide $50 billion to support social protection, boost trade and safeguard development in low income countries, as part of the significant increase in crisis support for these and other developing countries/ emerging markets;

• We are making available resources for social protection for the poorest countries, including through investing in long-term food security and through voluntary bilateral contributions to the World Bank’s Vulnerability Framework, including the Infrastructure Crisis Facility, and the Rapid Social Response Fund;

• We have committed, consistently with the new income model, that additional resources from agreed sales of IMF gold will be used, together with surplus income, to provide $6 billion additional concessional and flexible finance for the poorest countries over the next 2 to 3 years. We call on the IMF to come forward with concrete proposals at the Spring Meetings;

• We have agreed to review the flexibility of the Debt Sustainability Framework and call on the IMF and World Bank to report to the IMFC and Development Committee at the Annual Meetings; and

• We call on the UN, working with other global institutions, to establish an effective mechanism to monitor the impact of the crisis on the poorest and most vulnerable.

26. We recognise the human dimension to the crisis. We commit to support those affected by the crisis by creating employment opportunities and through income support measures. We will build a fair and family-friendly labour market for both women and men.

We therefore welcome the reports of the London Jobs Conference and the Rome Social Summit and the key principles they proposed. We will support employment by stimulating growth, investing in education and training, and through active labour market policies, focusing on those who are most vulnerable. We call upon the ILO, working with other relevant organisations, to assess the actions taken and those required for the future.

27. We agreed to make the best possible use of investment funded by fiscal stimulus programmes towards the goal of building a resilient, sustainable, and green recovery.

We will make the transition towards clean, innovative, resource efficient, low carbon technologies and infrastructure. We encourage the MDBs to contribute fully to the achievement of this stated objective. We will identify and work together on further measures to build sustainable economies.

28. We reaffirm our commitment to address the threat of irreversible climate change, based on the principle of common but differentiated responsibilities, and to reach agreement at the UN Climate Change conference in Copenhagen in December 2009.

Delivering our commitments:

29. We have committed ourselves to work together with urgency and determination to translate these words into action. We agreed to meet again before the end of this year to review progress on our commitments (6).

(6) Tax Information Exchange Agreements (TIEAS) are based on a model OECD agreement on the exchange of information on tax matters, developed by the OECD Global Forum Working Group on Effective Exchange of Information. The purpose of this Agreement is to promote international co-operation in tax matters through the exchange of information. It was developed by the OECD’s Global Forum Working Group on Effective Exchange of Information (“the Working Group”). The Working Group consisted of representatives from OECD Member countries as well as delegates from Aruba, Bermuda, Bahrain, Cayman Islands, Cyprus, The Isle of Man, Malta, Mauritius, the Netherlands Antilles, the Seychelles and San Marino (the Italian mafia’s de facto jurisdiction).
The Agreement grew out of the work undertaken by the OECD to address harmful tax practices.

The lack of effective exchange of information is one of the primary criteria used in determining harmful tax practices. The mandate of the Working Group was to develop a legal instrument that could be used to establish effective exchange of information. The Agreement represents the standard of effective exchange of information for the purposes of the OECD’s initiative on harmful tax practices. This Agreement text, which was released by the OECD in April 2002, is not a binding instrument but contains two models for bilateral agreements. A number of bilateral agreements have been based on this Agreement.

Recent bilateral Tax Information Exchange Agreements (TIEAS) monitored by this service include:

• Antigua & Barbuda – Australia, 30 January 2007
• Antigua & Barbuda – United States, 06 December 2000
• Antigua & Barbuda – Australia, 30 January 2007
• Antigua & Barbuda – United States, 06 December 2000
• Aruba – United States, 21 November 2003
• Australia – Bermuda, 15 November 2005
• Australia – British Virgin Islands, 27 October 2008
• Australia – Isle of Man, 29 January 2009
• Australia – Netherlands Antilles, 01 March 2007
• Bahamas – United States, 25 January 2002
• Bermuda – United Kingdom, 4 December 2007
• British Virgin Islands – United States, 03 April 2002
• Cayman Islands – United States, 27 November 2001
• Denmark – Cayman Islands, 1 April 2009
• Denmark – Guernsey, 28 October 2008
• Denmark – Isle of Man, 30 October 2007
• Denmark – Jersey, 28 October 2008
• Faroes – Cayman Islands, 1 April 2009
• Faroes – Guernsey, 28 October 2008
• Faroes – Isle of Man, 30 October 2007
• Faroes – Jersey, 28 October 2008
• Finland – Cayman Islands, 1 April 2009
• Finland – Guernsey, 28 October 2008
• Finland – Isle of Man, 30 October 2007
• Finland – Jersey, 28 October 2008
• France – Guernsey, 24 March 2009
• France – Isle of Man, 26 March 2009
• France – Jersey, 23 March 2009
• Germany – Guernsey, 26 March 2009
• Germany – Isle of Man, 02 March 2009
• Greenland – Cayman Islands, 1 April 2009
• Greenland – Guernsey, 28 October 2008
• Greenland – Isle of Man, 30 October 2007
• Greenland – Jersey, 28 October 2008
• Guernsey – Netherlands, 25 April 2008
• Iceland – Cayman Islands, 1 April 2009
• Iceland – Guernsey, 28 October 2008
• Iceland – Jersey, 28 October 2008
• Ireland – Guernsey, 26 March 2009
• Ireland – Jersey, 26 March 2009
• Isle of Man – Ireland, 24 April 2008
• Isle of Man – Netherlands, 12 October 2005
• Isle of Man – Norway, 30 October 2007
• Isle of Man – Sweden, 30 October 2007
• Isle of Man – United Kindom, 29 September 2008
• Isle of Man – United States, 02 October 2002
• Jersey – Germany, 4 July 2008
• Jersey – Netherlands, 20 June 2007
• Jersey – United States, 04 November 2002
• Netherlands Antilles – New Zealand, 01 March 2007
• Netherlands Antilles – Spain, 10 June 2008
• Netherlands Antilles – United States, 17 April 2002
• Norway – Cayman Islands, 1 April 2009
• Norway – Guernsey, 28 October 2008
• Norway – Jersey, 28 October 2008
• Sweden – Cayman Islands, 1 April 2009
• Sweden – Guernsy, 28 October 2008
• Sweden – Jersey, 28 October 2008
• United Kingdom – British Virgin Islands, 29 October 2008
• United Kingdom – Guernsey, 20 January 2009
• United Kingdom – Jersey, 10 March 2009
• United States – Liechtenstein, 8 December 2008
• United States – Gibraltar, 31 March 2009

LIST OF U.S. STATUTES, SECURITIES REGULATIONS AND LEGAL PRINCIPLES OF WHICH THE CRIMINALISTS, ASSOCIATES AND ALL THE MAIN FINANCIAL INSTITUTIONS REMAIN IN BREACH:

LEGAL TUTORIAL: The Steps of Common Fraud:

Step 1: Fraud in the Inducement: “… is intended to and which does cause one to execute an instrument, or make an agreement… The misrepresentation involved does not mislead one as the paper he signs but rather misleads as to the true facts of a situation, and the false impression it causes is a basis of a decision to sign or render a judgment”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Fraud’.

Step 2: Fraud in Fact by Deceit (Obfuscation and Denial) and Theft:

• “ACTUAL FRAUD. Deceit. Concealing something or making a false representation with an evil intent [scanter] when it causes injury to another…”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Fraud’.

• “THE TORT OF FRAUDULENT DECEIT… The elements of actionable deceit are: A false representation of a material fact made with knowledge of its falsity, or recklessly, or without reasonable grounds for believing its truth, and with intent to induce reliance thereon, on which plaintiff justifiably relies on his injury…”. Source: Steven H. Gifis, ‘Law Dictionary’, 5th Edition, Happauge: Barron’s Educational Series, Inc., 2003, s.v.: ‘Deceit’.

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

• “FRAUDULENT CONCEALMENT… The hiding or suppression of a material fact or circumstance which the party is legally or morally bound to disclose…”.

• “The test of whether failure to disclose material facts constitutes fraud is the existence of a duty, legal or equitable, arising from the relation of the parties: failure to disclose a material fact with intent to mislead or defraud under such circumstances being equivalent to an actual ‘fraudulent concealment’…”.

• To suspend running of limitations, it means the employment of artifice, planned to prevent inquiry or escape investigation and mislead or hinder acquirement of information disclosing a right of action, and acts relied on must be of an affirmative character and fraudulent…”.

Source: Black, Henry Campbell, M.A., ‘Black’s Law Dictionary’, Revised 4th Edition, St Paul: West Publishing Company, 1968, s.v. ‘Fraudulent Concealment’.

FRAUDULENT CONVEYANCE:

• “FRAUDULENT CONVEYANCE… A conveyance or transfer of property, the object of which is to defraud a creditor, or hinder or delay him, or to put such property beyond his reach…”.

• “Conveyance made with intent to avoid some duty or debt due by or incumbent or person (entity) making transfer…”.

Source: Black, Henry Campbell, M.A., ‘Black’s Law Dictionary’, Revised 4th Edition, St Paul: West Publishing Company, 1968, s.v. ‘Fraudulent Conveyance’.

U.S. SECURITIES REGULATIONS OF WHICH INSTITUTIONS
HAVE BEEN SHOWN TO BE IN BREACH [SEE REPORTS]:

• NASD Rule 3120, et al.
• NASD Rule 2330, et al
• NASD Conduct Rules 2110 and 3040
• NASD Conduct Rules 2110 and IM-2110-1
• NASD Conduct Rules 2110 and SEC Rule 15c3-1
• NASD Conduct Rules 2110 and 3110
• SEC Rules 17a-3 and 17a-4
• NASD Conduct Rules 2110 and Procedural Rule 8210
• NASD Conduct Rules 2110 and 2330 and IM-2330
• NASD Conduct Rules 2110 and IM-2110-5
• NASD Systems and Programme Rules 6950 through 6957
• 97-13 Bank Secrecy Act, Recordkeeping Rule for funds transfers and transmittals of funds, et al.

U.S. LAWS ROUTINELY BREACHED BY THE CRIMINAL OPERATIVES AND INSTITUTIONS:

• Annunzio-Wylie Anti-Money Laundering Act
• Anti-Drug Abuse Act
• Applicable international money laundering restrictions
• Bank Secrecy Act
• Conspiracy to commit and cover up murder.
• Crimes, General Provisions, Accessory After the Fact [Title 18, USC]
• Currency and Foreign Transactions Reporting Act
• Economic Espionage Act
• Hobbs Act
• Imparting or Conveying False Information [Title 18, USC]
• Maloney Act
• Misprision of Felony [Title 18, USC] (1)
• Money-Laundering Control Act
• Money-Laundering Suppression Act
• Organized Crime Control Act of 1970
• Perpetration of repeated egregious felonies by State and Federal public employees and their Departments and agencies, which are co-responsible with the said employees for ONGOING illegal and criminal actions, to sustain fraudulent operations and crimes in order to cover up criminalist activities and High Crimes and Misdemeanours by present and former holders of high office under the United States
• Provisions pertaining to private business transactions being protected under both private and criminal penalties [H.R. 3723]
• Provisions prohibiting the bribing of foreign officials [F.I.S.A.]
• Racketeer Influenced and Corrupt Organizations Act [R.I.C.O.]
• Securities Act 1933
• Securities Act 1934
• Terrorism Prevention Act
• Treason legislation, especially in time of war.

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

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

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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.

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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.

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.

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.

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

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

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

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

*VISTA: Virtual Instant Surveillance Tactical Application.

• INTERNATIONAL CURRENCY REVIEW, Volume 33, #s 3 & 4, all 972 pages of it, is making waves all over the world. It contains a blow-by-blow deconstruction of this crisis via the Wantagate plus our further analyses: and everything published therein is now well and truly ON THE GLOBAL PUBLIC RECORD. Accordingly the whole world owns a detailed, damning account of the serial criminality of the Bush-Cheney-Clinton ‘Box Gang’ et al., which CANNOT BE EXPUNGED.

• INTERNATIONAL CURRENCY REVIEW, Volume 34, Number 1, consisting of some 400 pages, WAS DISTRIBUTED BY FAST MAIL TO SUBSCRIBERS WORLDWIDE ON 29TH NOVEMBER 2008…

• It tracks the fallout from our exposures of the criminality from mid-April 2008 to 6th October 2008, when this issue of ICR had to go to press. The Glossary that is published with The Cottrell Plan has been separated out and placed at the end of the issue, for long-term ease-of-reference purposes.

• If you wish to obtain a copy and you are not a regular subscriber, please order International Currency Review via our electronic payment system by pressing SUBSCRIBE. This will give a full-price order sequence. Then press CONTACT US and state that you wish to order ICR 34, #1. The single-issue price has to be at a premium to the regular price, charged at $200.00 per copy. Note:
Please ensure that you send a CONTACT US email to the Publisher at the same time as you press SUBSCRIBE, so that we KNOW to send you ONLY ICR 34, #1 and to charge you ONLY $200.

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

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

• Please Make a Donation to help finance Christopher Story‘s ongoing global financial corruption investigations, which have turned the whole world upside down and have exposed the corruption which was intended to enable the geocriminalist syndicate to seize the wealth of the entire world. These people have finally been more or less completely stopped in their tracks as a consequence of these exposures. Your assistance will be sincerely appreciated and will make a real difference, hastening the OVERDUE resolution of the worst financial corruption and linked financial fallout in world history. The Editor’s $35,000 Wanta bail-out money was not repaid and so has been stolen. 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.

BLAIR HAS ‘ROLLED OVER’ TO AVOID ARREST AND JAIL

‘SHOPS’ THE POPE, MERKEL, DEUTSCHE BANK, HUNGARY AND THE OCTOPUS

Friday 31 October 2008 04:01

BLAIR’S CAPITULATION TRIGGERS SIMILAR RESPONSES ALL OVER THE UNITED STATES

THE GANGSTERS AND BANKSTERS HAVE LOST CONTROL: IT’S OUT OF THEIR HANDS

BROWN AND SARKOZY HOPING TO REDEEM THEMSELVES AND PROCURE RELEASES

MERKEL RISKING FATAL E.U. SPLIT TO PROTECT BUSH SR.’S ILLICIT FUNDS

MASSIVE RIFT AT THE HEART OF THE EUROPEAN UNION OVER THE SETTLEMENTS MONEY

GERMAN CHANCELLOR FINGERED BLOCKING SETTLEMENTS PAYOUT ON BUSH’S ORDERS

ELYSEE TREATY PARTNERS, FRANCE AND GERMANY, ARE NOW AT LOGGERHEADS

DAMAGE-LIMITATION VISIT BY MERKEL TO DOWNING STREET ON THURSDAY 30TH OCTOBER

MAIN PROP OF PAN-GERMAN E.U. STRATEGY THREATENED WITH COLLAPSE

SUDDEN SETTLEMENTS-DRIVEN RAPPROCHEMENT BETWEEN BRITAIN AND FRANCE

RELENTLESS EXPOSURES ARE FORCING THE PACE OF GLOBAL RESTITUTION

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.

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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.

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.

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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.

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• 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.

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CONFRONTED WITH HIS COMPLICITY, BLAIR ‘ROLLED OVER’ AND EXPOSED THE OTHER RATS
London, 30th October 2008: It can now be revealed that former British Prime Minister, Tony Blair, has ‘shopped’ the world-class financial criminals in order to avoid being arrested and sent to jail for the rest of his life. Fellow world-class criminal George W. Bush Jr. and his key White House staff were informed in the afternoon of 29th October that Blair had divulged EVERYTHING – identities of those involved and of bank accounts and coordinates – and that, accordingly, the present phase of the geocriminal gangland operation to hold the whole world to ransom has been DEFEATED.

Specifically, Blair, confronted with proof of his own involvement in these crimes, ‘rolled over’ on his comrades-in-crime and informed those tasked on the command of Her Majesty The Queen with procuring the Settlements releases and getting to the bottom of the global epidemic of gangland conspiracy to seize the assets of the whole world, that the following parties were engaged in these massive criminal operations:

• The German Pope and the Vatican Bank, headed by the former President of the Deutsche Bundesbank, Dr Hans Tietmeyer.

• Chancellor Angela Merkel [see preceding report].

• Dr Alan Greenspan [see most preceding reports].

• Deutsche Bank, the primary German bank/criminal enterprise working for DVD (Deutsche Verteidigungs Dienst, Dachau [see most preceding reports]), which in recent days has been identified as being in very severe trouble, with a huge ‘black hole’ in its falsified accounts.
The reason for the huge ‘black hole’ is identified in this report.

• FACT: Deutsche Bank finances the revolutionary mind-control operation which has severely subverted many strata of the official structures, the police, the banking sector, industry and local government cadres in the United Kingdom, calling itself Common Purpose. This operation was run out of the Office of the Deputy Prime Minister, formerly John Prescott, the revolting creature who was caught fornicating with his secretary in his office with the doors open so that his staff could hear what was going on. It is believed still to be run out of that office. It should be closed down.

• Hungary [details not yet available: but recall the prominent activity, partially exposed via this website, of ‘Baroness’ Eva Teleki, ‘former’ STASI [= Gestapo/DVD] operative interacting with the CIA [CIA-1, Frankfurt], whom this service fingered in 2006 as being thought to have financed the Underground and 7/7 bus explosion abominations in London using stolen funds].

Please refer also to our report dated 26th October 2008, specifically the segment on the ‘Wolfowitz moment’ problems facing the former French Finance Minister, Dominique Strauss-Kahn, current Managing Director of the International Monetary Fund, in connection with his relationship with a Ms. Piroska Nagy, the Hungarian-born former senior official in the IMF’s Africa Department, who is now working for the European Bank for Reconstruction and Development in London.

• It appears that this was a ‘honey trap’ operation that is now believed to have relevance in this context, similar to the ‘honey trap’ used against Wolfowitz.

• In addition, ‘Blair shopped lots of others’ according to our sources, providing comprehensive information on the personnel and banks involved, the illicit banking transactions, bank coordinates and related information which has provided the relevant authorities with a detailed picture of the global spider’s web of financial stealing, fraud and criminality, starting at the White House.

BLAIR’S CAPITULATION TRIGGERS SIMILAR RESPONSES ALL OVER THE UNITED STATES
Following Blair’s capitulation when faced with the evidence of his crimes, we understand that a large number of bankers and others have likewise been ‘rolling over’ and providing a wealth of detailed information on the financial corruption to investigators, identifying colleagues and others involved in these scams and revealing banking coordinates and related pertinent information.

In other words, the pace of the unravelling has accelerated sharply since Blair capitulated, so that the ‘takedown’ of these corrupt snakes has, we believe, reached a ‘tipping point’ beyond which no cover-up is feasible. At the same time, this is a very dangerous environment given that, with their backs to the wall, the criminal cabal is tempted to take matters into its own hands in order to hold on to power, in order in turn to retain control of the funds they have stolen and generated.

Any such development would be considered a TERRORIST ACT against inter alia The Queen, given that her funds are held hostage in lockdown in the face of the cabal’s intransigence.

Powerful countries share the view that under Bush II, the United States became a bandit country, a pariah state buttressed by a corrupt Intelligence Power and bribed segments of the military class.

BLAIR CONFESSION + THE ‘LOCK BOX’ RAIDS + PROBES = CALAMITY FOR THE OCTOPUS
As a consequence of this long-awaited breakthrough due to the petrified Tony Blair divulging all these ‘Black’ secrets, what is known as ‘a paradigm shift’ has occurred, which will eventually result in the takedown of the entire global criminalist network and will most certainly deliver some of the most prominent organised criminal operatives, including those holding high office, to jail. Back-up for this ‘paradigm shift’ is being contributed by certain ongoing judicial processes that have been functioning in the background concerning which no information is known or can be divulged.

The findings from Assistant Metropolitan Police Commissioner John Yates’ heavily armed raids of the London ‘safety lock boxes’ had of course been made available to the appropriate authorities in this context [see our report dated 2nd June, et seq.].

A segment on the Blair connection was included in the draft of the Editor’s report dated the 26th October, but was removed ‘on request’, pending formal developments. Specifically, Mr Blair was to have been supoenaed to appear before a special House of Commons Committee, ostensibly to face questioning over some dirty business in 1997 (ELEVEN years ago) involving the dubious character Bernie Ecclestone, boss of Formula One, and Blair’s exemption of the sport from a ban on tobacco advertising after Ecclestone had given £1.0 million to the Labour Party.

However the real purpose of the hearing would have been to ambush Blair with evidence derived from the aforementioned sources concerning his massive corruption, a development that would have at once implicated the financial criminalism gang and the Bush-Clinton Crime spider’s web.

In order for such an ambush to be feasible, the UK House of Commons authorities would need a platform for its investigations, since they will only deal with matters that are very strictly relevant to parliamentary business, standards and procedures. This explains why the geriatric matter of Bernie Ecclestone was to have been used as the platform for this exposure operation.

Faced with this situation (the background to which had been discussed on open telephone lines, including in conversations featuring the Editor of this service), Blair decided that he had no option but finally to come clean. In such circumstances, a financial and war criminal caught like this MUST reveal EVERYTHING, because if he holds anything back, he will ‘go down’ anyway.

In this connection, we understand that there is considerable concern in several quarters that this crook has not yet (evidently) been arrested and indicted.

THE SEGMENT ON BLAIR THAT WAS REMOVED FROM OUR REPORT DATED 26TH OCTOBER
Before continuing with further details on the current situation, we need to elaborate further about the segment on Blair which had to be removed from our report dated 26th October 2008.

The Editor‘s intention had been to ‘hang’ this crucial component of the report on an article by Sue Cameron that appeared in The Financial Times of 15th October. Since then a number of ‘pointed’ articles on Blair and ‘his money’ have appeared in the UK ‘mainstream’ media, including an article in The Times on 29th October 2008 talking about £12 million accumulated by Mr Blair, which journalists seem to think of as a large sum of money.

In reality, some of the illicit funds received or handled by or via Blair were, AS WE REPORTED AGES AGO, placed with bank accounts in Abu Dhabi. Blair’s corrupt money, or some of it, may be held in the name of (a) family member(s) in the British Virgin Islands. Malaysia is also an issue.

However the 15th October 2008 article in The Financial Times dealt exclusively with the ‘Bernie Ecclestone’ dimension, i.e. with the platform that was to be used for the purpose of ambushing Blair: which was as far as the newspaper could go, assuming it possessed further information, as seemed probable given the first sentence of The Financial Times’ article, as well as other highly pointed references therein:

‘Is the prison cell beckoning for Tony Blair?’ the article began ominously. ‘A glance through my copy of Erskine May, the parliamentary procedure bible that dates back to 1832, suggests that the former Prime Minister’s future could be dire’. What COULD the author if this piece be talking about?

‘This tome is a page turner when it comes to “misleading the House”, “penal jurisdiction”. The rules could be crucial because Michael Martin, the Commons Speaker, has ordered an inquiry into claims that Blair “deliberately misled” Parliament’.

Let us pause here for a brief moment. Equipped with the kind of explosive indications, if not actual intelligence, alluded to above, the Speaker of the House of Commons would have been left with no option but to exercise his latent powers to call for an inquiry, even in respect of what superficially appears to be the ‘lesser’ matter of the Bernie Ecclestone issue: otherwise he, with knowledge of the monumental crimes in question, would of course become a co-conspirator and would be liable to be impeached or otherwise ‘dealt with’ himself.

The FT article continued, citing documents released under the Freedom of Information Act (implying intensive investigative activity along these lines by the London financial paper):

‘Documents released under the Freedom of Information Act reportedly show that he ordered Formula One to be exempted from a ban on tobacco advertising hours after he met the sport’s boss, Bernie Ecclestone, who had given £1 million to Labour. Mr Blair told Parliament the decision was not made right after the meeting’.

Erskine May says “the acceptance by any Member of either House of a bribe to influence him in his conduct… or of any fee, compensation or reward in connection with the promotion of or opposition to any bill, resolution, matter or thing submitted or intended to be submitted to the House or any committee thereof, is a breach of privilege. Members of the House who have been found guilty of such an offence have been expelled or committed”‘.

‘The word “committed” means the slammer (prison). Offenders committed by order of either House are either detained in one of HM prisons or in the custody of Black Rod or the Serjeant-at-Arms”‘.

‘The Commons can treat the making of a deliberately misleading statement as a contempt. Mr Blair must be hoping they do not. The rules also say (you will like this bit): “Those who are committed for contempt may not be admitted to bail”‘.

It should be understood that certain articles appear in the ‘mainstream’ media by deliberate design.

This was one such article. Reading between the pointed lines, and taking due account of such comments as ‘(you will like this bit)’ it is concluded that, contrary to appearances, The Financial Times may, in respect of at least this dimension of the crisis, be ‘up to speed’, or at least that the writer of this article was briefed by a faction of British intelligence.

SARKOZY MADE AWARE OF GROSS FINANCIAL IRREGULARITIES ON 27TH OCTOBER
To continue the narrative: It will be recalled that Gordon Brown and President Sarkozy had to rush to China for the EU-Asia meeting, as reported in our 26th October presentation (‘If it’s Friday 17th October, it‘s Camp David. If it‘s Friday 24th October, it’s Beijing’).

As a consequence of that meeting, Sarkozy is believed to have obtained access to a separate (and new) ‘piggy bank’ worth $4.0 trillion, according to a Bloomberg report which surfaced briefly, before the subject was never mentioned again.

• But the Asian markets appear to have known about this, accounting for the sudden 14-point rise on the Hong Kong Hang Seng Index and such related phenomena as the extraordinary spike of nearly 1,000 points on the destabilised Dow Jones Industrial Average on Tuesday 28th October.

But on Monday 27th October, after it had been made evident to ‘the interested’ that the Settlement releases were to have started before midnight Paris time on the Sunday 26th October, M. Sarkozy‘s advisers identified gross irregularities associated with the fact that colossal sums of money had been removed from where they should have been (almost certainly accounting for subsequent reports of an immense ‘black hole’ within the DVD‘s criminal enterprise, Deutsche Bank).

FRANCE AND GERMANY AT LOGGERHEADS OVER THE SETTLEMENTS
Against this background, it can be revealed that behind-the-scenes tensions at the heart of the fragile and artificial New World Order Collective known as the European Union have risen sharply since we first reported on Sunday 26th October that the President of the European Union, Nicolas Sarkozy, was refusing to take calls from the White House and from President Bush’s aides.

According to our sources, Sarkozy blocked all calls from Bush 43 and his staff throughout Monday 27th October 2008, the day when these reportedly colossal irregularities were identified.

It was separately reported to us that the President of the United States worked himself up into a frenzy of anger, and that he was being verbally ‘beaten up’ by the malevolent forces inside and outside the US structures that have been seeking to block the Settlements in perpetuity – starting with his furious father, who has been complaining that his son ‘dropped the ball’ when he gave M. Sarkozy the power he needed at Camp David on 18th October to mastermind and to complete the Settlements payouts, for fear that President Sarkozy would arrest his father’s 26 most prominent Europe-based criminalist collaborators.

The waves of arrests reported earlier have therefore continued on both sides of the Atlantic, as more and more ‘sleepers’ working for Bush Sr. (and therefore the DVD) are picked up by Interpol, MI6, special agents and other law enforcement cadres, working in collaboration with the special representatives of The Queen, the Saudi Prince and the wronged Chinese authorities.

SARKOZY WOULDN’T PICK UP THE PHONE, SO BUSH HARASSED MERKEL INSTEAD
We speculate that, unable to reach the French President, therefore, Bush 43 called his corrupt client, Chancellor Angela Merkel, and used his blackmail powers against her to ‘require’ her to block the Settlements on his behalf and on behalf of his angry father.

He demanded his father’s pound of flesh. As previously reported, Merkel has been bribed by Bush 41 for the past four years, in exchange for which she was required to ‘look after’ his holdings of stolen, untaxed and otherwise illicit cash in accounts held at Germany’s largest financial institution.

After President Sarkozy called Chancellor Merkel on 18th October, as described in our report dated 26th October, and warned her against blocking the Settlements contrary to his ‘instructions’, Frau Merkel responded with arrogant disdain, and proceeded to do just the opposite of what M. Sarkozy required her to do – i.e., she ensured that at least two attempts at completing the Settlements were blocked (on Sunday night and Monday night, following the return of the leaders from the Beijing EU-Asia summit meeting. However the discovery of the immense ‘irregularities’ on Monday may have been the reason for the releases failing on that date).

• Actually, it is believed that Merkel immediately ordered Deutsche Bank to transfer the Bush Sr. funds over which she was de facto custodian, to (see below) the supposedly ‘safe hands’ of her fellow wily hun, Dr Hans Tietmeyer, head of the Vatican Bank, former President of the Bundesbank.

As previously reported, Sarkozy is under extreme pressure from the furious Heads of State and Government of the other 26 EU ‘Member States’ (excluding Germany) to procure the Settlements, having been given a deadline of 20 days in which to fulfill this requirement: or he will be removed from office, they say (or said, prior to the discovery of the ‘irregularities’, and Blair’s confession, which of course has ‘changed everything’).

Enquiries as to whether this threat is ‘reliable’ have been met by several of our sources with a vehement insistence that the other EU Governments mean what they say.

GORDON BROWN RUSHES BACK TO PARIS ON 28TH OCTOBER
The overall situation by Tuesday 28th October was therefore as follows:

(1) President Sarkozy’s intelligence services and aides had discovered gross irregularities while attempting to effect the Settlements on 26th/27th October.

(2) Sarkozy was refusing to answer desperate phone calls from the White House, given that Bush 43 had realised he had lost control andhis father could no longer micro-manage the deception.

(3) Sarkozy had cornered Chancellor Merkel and found her to be defiant, arrogant, rude and non-cooperative, so that a massive split had opened up at the core of ‘Europe’ (see below).

(4) Former Prime Minister Blair, who had been cornered thanks to a combination of evidence from the lock boxes and ‘background’ judicial process, and faced the prospect of being ambushed by the enquiry ordered by the Speaker of the House of Commons, Michael Martin, had meanwhile decided that he had no option but to do what didn’t come naturally, viz. to ‘come clean’, spilling the beans on an unprecedented scale, so that the spider’s web of financial corruption has collapsed.

AN UNPARALLELED DISASTER FOR THE GLOBALIST CRIMINAL SNAKES
To describe this as a cataclysmic disaster for the ‘criminal classes’ would be like saying that Hitler was basically a good man beneath a misleading exterior. The weight of evidence delivered as a consequence of the raids on the ‘safety lock boxes’, holding the stolen and other collateral and assets used to underpin the use of Britain as the ‘Master Platform’ for the financial corruption [see report dated 26th October] was bad enough.

But for Blair – a central criminalist operative ‘player’ in this Grandfather of all Financial Scandals, the biggest financial scandal in world history, who knows where the bodies are buried – to have fessed up to everything he knows to the special investigators who are looking into these ongoing terrorist acts committed against Her Majesty The Queen, is way beyond beyond what the arrogant criminal gangsters could ever have imagined in their worst cocaine-delusional dreams.

As noted above, the Bush 43 White House was advised of what information Blair has divulged, during the afternoon of 29th October. As a consequence of all this, matters are now completely out of the hands of the criminals, and people like the notorious veteran criminalist operative Mr Henry M. ‘Paulson’, ‘Treasury Secretary’, Michael Chertoff and many well-known names on the decadent Washington, D.C. scene, now have their hands tied as never before, as the situation unravels.

SNOW AND GREENSPAN FIRST ARRESTED BACK IN 2006 FOR STEALING $5.0TRILLION
This, by the way, is perhaps the place to reveal a further piece of the unravelling process. We now understand that John Snow, the former US Treasury Secretary, and Dr Alan Greenspan, were both ARRESTED in 2006 after they had stolen $5.0 trillion. They were then PARDONED by the criminalist occupant of this White House. This information has been supplied by a source located very deep inside the relevant US structures.

It illuminates the quite extraordinary double-deception that ensued when the Editor of this service, having parted with his own loan funds of $35,000, campaigned for the proper disposition of the $4.5 trillion brought over from the People‘s Bank of China in May 2006 [see Archive for details].

Why was the Editor able to continue the damning reports in question?

Here is the proximate answer to that question:

• Because they served, perfectly, the purposes of the Bush Crime Family – redirecting attention to the apparent misapplication of the $4.5 trillion by Paulson, and his conflict-of-interest in retaining sole signatory power over the funds – and AWAY from the fact that Messrs Snow and Greenspan had stolen $5.0 trillion, within which the $4.5 trillion resided, had been arrested, and then pardoned by the criminal President of the United States.

• The Editor never understood why he was ‘left alone’ during those months: now he does.

• It should be understood that our straightforward policy all along has been to ‘walk in a straight line’, which disconcerts and eventually destabilises all the surrounding and ongoing deception operations, in accordance with Story‘s Third Law: ‘Sooner or later, all covers and operations are blown’. The reason deception can typically be exposed by this very straightforward method is that manipulation of the messenger eventually falls foul of the demands of hidden deception strategy, especially when the time comes to make a tactical or a strategic change.

• Therefore, by ‘hanging in there’ for long enough, the deception operations in question eventually become unhinged, which is what has occurred in this classic case.

• BECAUSE, when the LOAN funds from HM The Queen and Prince Al-Aweed al-Talal were made available in June 2007, it became ‘hazardous’ for this ‘line’ to be allowed to continue. See previous reports to enable you to reach your own conclusions on this score.
[The Editor will not respond to related questions].

FROM PARIS, BROWN AND SARKOZY CONFRONT MERKEL WITH HER CORRUPTION
Against this background, Gordon Brown arrived in Paris, as noted, on Tuesday the 28th October. Whereupon Chancellor Merkel was confronted with the disturbing news that the former UK Prime Minister, Blair, had ‘rolled over’ on her, as well as on other corrupt figures such as the Pope (who is NOT the Vicar of Christ, but the lackey of His opposite; here is the contemporary proof: see the Editor‘s work ‘The New Underworld Order‘ for further and better particulars).

This time, Merkel changed her tune, since Brown and Sarkozy possessed all the evidence and information they needed, arising from the lethal combination of the ‘safety lock box’ disclosures, the judicial processes in the background, the information in the hands of the Speaker of the House of Commons, and the devastating confession of Britain’s criminal former Prime Minister, who has probably lost everything in the process, but may have just managed to escape jail (uncertain).

Instead, this duplicitous German Frau BLAMED Deutsche Bank, which has alienated vast funds, inter alia to the corrupt Vatican Bank, under the control of the former President of the Bundesbank, Dr Hans Tietmeyer, who faithfully serves his German False Priest Master (standing in the room of Christ and thereby blocking the faithful from access to Jesus), and the DVD, Dachau, by this means.

• She had the brazen chutzpah to blame Deutsche Bank when SHE HERSELF had exercised her powers to order Deustche Bank to send Bush Sr.’s secret corrupt funds to the Vatican Bank!

Naturally, Brown and Sarkozy were having none of this. Chancellor Merkel has been severely cut down to size, with unconfirmed rumours that both she and the Pope were arrested: there can be no point in speculating further about this, because at these stratospheric levels, such ‘arrests’ may often be ‘momentary’ affairs and are NEVER reported to the ‘mainstream’ unless such a report is deemed necessary by the controlling intelligence cadres involved.

After what appears to have been a joint confrontation with Frau Merkel, Brown and Sarkozy made arrangements to travel to the Middle East, armed with the ‘hot’ banking coordinates and details supplied via Blair’s confession, stopping we believe in Abu Dhabi and Riyadh, and then back to China, where they will either be serving arrest warrants and demands for execution on behalf of The Queen, ordering the immediate repatriation of funds, or both of the above.

It should be added here that, for the time being, pre-Settlement, the Rule of Law and the ongoing strategic and tactical deception activities are IN ALIGNMENT. However AFTER the Settlement, it should NOT be assumed that this will remain the case. After all, M. Sarkozy’s half-brother, Olivier (Oliver in the United States), is a Director of the Carlyle Group, a candidate for being described as the head (if not the heart) of the Octopus, and G. Bush Sr.’s slush fund operation, which is involved in intelligence, industrial and military operations on a huge scale (even though we were advised some time ago that it had been forced to close down its trading platform operations).

In other words, right now, it is in M. Sarkozy’s interests to be pressing RUTHLESSLY for the re-establishment of the Rule of Law in the lawless intergovernmental sphere.

And make no mistake: as his underworld face reveals, this man is indeed RUTHLESS. The position, so far as he is concerned, is: either people cooperate, OR THEY GET KILLED. That’s the way it is.

But AFTERWARDS, when DARKozy emerges covered in glory, it will probably be a different matter. So relaxation after the Settlements would be a VERY BAD IDEA. Remember: the modus operandi is duplicity and open-ended DOUBLE-MINDEDNESS.

EUROPEAN UNION COULD BREAK UP OVER THIS CRISIS
This overall situation is dynamite, threatening to smash the European Union at its very core, given that a house divided against itself cannot stand, and illustrating the following:

• When it comes to money, the rats don’t just bite each other, they engage in bitter and ruthless, ongoing warfare inside their filthy sack.

• Chancellor Merkel was, until cornered, even prepared to allow the EU pan-German construct, the plaything of generations of the pan-German secret continuing Nazi élite, to be smashed up rather than to concede what has to be done to complete the Settlements, just in order to protect Bush Sr., who blackmails her, and to cover up her own crimes.

This of course is ironic in the extreme in view of the our elaboration here that:

• Merkel was being being bribed, and now blackmailed, by the Bush Crime Family to block the Settlements, thereby threatening to pull the European Union apart – given Sarkozy’s obligation to procure the payout, so that the EU political hegemony mechanism established by the Nazis’ long-range strategic Continuum, Deutsche Verteidigungs Dienst (DVD), Dachau, the extension of the Nazi Abwehr (counterintelligence) and the contemporary manifestation of the Nazis’ Madrid-based postwar German Geopolitical Centre, is in immediate jeopardy and could very easily be destroyed by the rivalry and vituperative hatred that has erupted between Sarkozy and Frau Merkel over the German Chancellor’s intransigence in blocking the Settlements.

• Since George Bush Sr. has represented and basically controlled the operations of the DVD, Dachau, in the Western Hemisphere for decades, ever since he replaced the ageing Admiral Canaris (Samuel Randall Pittman) after the DVD ‘seat’ had been kept warm for him in 1974-76 by triple agent Dr Henry Kissinger, we now have the amusing spectacle of the controller of the EU long-range strategic deception programme engaged in a de facto sabotage operation against his clandestine German colleagues’ sacred project.

• FACTS: Kissinger persuaded President Ford to sack William Colby (who was later ‘suicided’ while boating on the Potomac River) as Director of Central Intelligence and to instal instead George H. W. Bush Sr., of German extraction, who has been positively identified as the long-term supremo of the DVD, concentrating on the destruction of ‘the Main Enemy’, Britain and America, in revenge for Germany’s terrible defeats in two Illuminati World Wars.

• It will be recalled that when the Editor of this service identified Eva Teleki and Marc Rich (a.k.a. Hans Brand) in a transatlantic telephone call in 2006 as DVD operatives, and fingered the DVD as the central enemy of ‘the Main Enemy’, there were THREE SEPARATE GASPS from the assorted eavesdroppers during the telephone call in question.

• Canaris (Samuel Randall Pittman) made his North American HQ in Oklahoma City. The Murrah Building in Oklahoma City, blown up during the era of President Clinton, an operative ‘working for’ George Bush Sr., was the location of the files on the German and Zionazi penetration operatives buried inside the US intelligence community and elsewhere within the US structures.

BUSH SR., DVD CHIEF, WILLING TO SACRIFICE GERMAN EUROPE FOR ‘HIS’ MONEY
What all this has demonstrated is that Bush Sr., and his maddened son, have been prepared to sacrifice the product of 7+ decades of surreptitious long-range strategic European hegemony operations by the heirs of the Nazis’ Abwehr which Bush Sr. has spent his life promoting (as an unchecked traitor to the United States and the American people), all in order to retain control over the Bush Crime Family’s illicit hoard of stolen and scammed funds and assets, a good proportion of which was being guarded by Chancellor Angela Merkel, bribed by Mr Bush Sr. for the purpose.

Put another way, the Bush Crime Family was quite prepared to smash up the European Union in order to hold on to its illicit funds in accounts that Merkel had not frozen in Germany (and probably Switzerland as well, given that arrests have been reported from both countries, as noted in the preceding report). Arrests have also just been reported from London.

As indicated, we speculate that when Chancellor Angela Merkel realised that we had exposed her operation and her links with Bush Sr., and that these links were proven by the ‘lock box’ evidence and Tony Blair’s confession, she ordered Deutsche Bank to transfer Bush Sr.’s illicit funds, which were doubtless propping up Deutsche Bank, to inter alia the now German-controlled Vatican Bank, where she imagined, given that the Vatican is an ‘offshore state’ located in the centre of Rome, that they would be safe and from where they could not possibly be extracted.

Unfortunately for Frau Merkel, she failed to reckon with the fact that her duplicity and her bovine stupidity had meanwhile been uncovered as a consequence of former British Prime Minister Tony Blair’s comprehensive confession, in exchange for which he was not arrested on the spot and may (although this is very far from certain) avoid spending the rest of his life at Her Majesty‘s Pleasure.

As for the Pope, we would expect that he will be the first Pope in history to resign in disgrace.

WHAT WE SEE THROUGH THE KEYHOLE…
Since the parasitical European Union Collective is a massive albatross around the necks of the British, and is hated almost everywhere, an E.U. ‘train wreck’ would be greeted (other than among the Great Brainwashed) with unfettered joy and laughter: and a good day would be had by all.

Furthermore, not a single Europhile pundit has ever considered the possibility that there might come a time when the two conspiring central ‘builders of Europe’, France and Germany, might cease their cohabitation and start throwing pillows at each other, followed by chucking furniture around the bedroom and breaking all the ornaments on the mantelpiece.

But that is precisely what we see through the keyhole as we snoop into their fetid bedroom to find out what is going on. Mind you, the hotel staff have all heard the crashing of the furniture and the splintering of the ornaments on the mantelpiece, and have just called the police, in the guise of Inspector Gordon Brown, who had rushed yet again to Paris on 28th October 2008, probably after learning that Blair had ‘shopped’ everyone and in order to find out what had been going on the other side of the Channel. Here, on the face of it, was the answer to that question:

• Frau Merkel, who had told Sarkozy ‘you’re full of …’, when told by the EU President that he had the power to have her arrested, had initially become so angry with President N. Sarkozy that she would’nt speak to him. After all, the ruthless Sarkozy had hardly minced his words, as we reported on 26th October. But this arrogant German Frau had other ideas…

• In blocking the Settlements (and ordering Deutsche Bank to remove tell-tale funds to the Vatican Bank), Frau Merkel, especially given that she was warned not to do any of this by the President of the European Union, was of course engaged in a wilful act of terrorism (as defined by the EU’s own legislation) against The Queen: so she placed herself indeed in grave danger of being arrested, since the EU legislation, funnily enough, is no respecter of persons.

• So it has fallen to Inspector Gordon Brown to act as intermediary to smooth things over, a task to which he is eminently unsuited.

• In an extraordinary twist, Chancellor Merkel was originally scheduled to appear in London on Thursday 30th October, where she was to meet Brown, who initially appeared to be cast in the rôle of go-between, until the Tony Blair confession changed everything for the much worse, so far as Chancellor Merkel was concerned.

Although logic would suggest that there wouldn’t have been much point in Merkel visiting London given the background, The Financial Times of Friday 31st October displayed a staged photograph of Brown embracing Chancellor Merkel on the steps of Number Ten Downing Street, illustrating once again that images of these people frequently belie the reality (another manifestation of the familiar scourge of dualism and double-mindedness).

After all, according to our information, matters have been wrenched well and truly out of the hands of the criminal gangsters, of which she is one, who have all completely lost control of the situation. The staged picture of Brown embracing Frau Merkel suggests, however, that Mr Brown really has been tasked with acting as intermediary. Brown and M. Sarkozy have to travel to the Middle East and China next, doubtless accompanied by a cadre of special ‘retired’ MI6 and Interpol agents, and equipped with appropriate documentation, no doubt, also from the World Court/ICJ.

It may be assumed that the staged picture on the front page of The Financial Times is to be taken, by ‘the interested’, as a clear signal that an accommodation and resolution of these matters is to be expected. As an alternative to the breakup of the European Union, that seems unavoidable.

Brown, of course, remains under intense pressure from Her Majesty the Queen to procure the Settlements, given that her LOAN funds plus those of Prince Al-Aweed Al-Talal (the $6.2 trillion) and the LOAN funds of $7.8 trillion provided by the Chinese parties, for the total of $14.0 trillion, were being held hostage as a consequence of Chancellor Merkel’s intransigence on behalf of Bush Sr., and because she is bribed and blackmailed by the Bush Crime Family as described.

WORST FINANCIAL CORRUPTION CRISIS IN HUMAN HISTORY
Need we repeat that this is unquestionably the biggest ongoing financial corruption scandal in world history, with the potential to wreak absolute havoc with the entire structure of civilisation and to plunge the world into open warfare. The upside here, however, is that this corruption is being systematically exposed, will continue to be systematically exposed, and that the criminal cadres have lost control, with matters having been taken completely out of their hands.

This accounts for the fact that President George Bush Jr. was reported to us to be beside himself on Sunday and Monday 26th-27th October, when M. Sarkozy was refusing to take his calls.

• Imagine, therefore, how much madder he must have been after he was advised in the afternoon of Wednesday 29th October 2008 of chapter and verse concerning the damning details that Mr Blair had finally disgorged, as described above. One imagines that the US President may have needed restraining by means of a straightjacket.

THE $14 TRILLION SETTLEMENT LOAN FUNDS IN U.S. LOCKDOWN
As previously reported, the $14.0 trillion Settlement funds are supposedly still held in LOCKDOWN with the custodial group accounts at large US financial institutions, following the measures taken in September to put a drastic stop to this nonsense by The Queen, in cooperation with the Prince and the Chinese parties. This statement must now assume (because we have no further information) that they have not, DESPITE THE LOCKDOWN, been compromised and subjected to removal, and that they are not co-mingled with the funds alienated on Merkel’s orders from Deutsche Bank.

• The loaned funds were originally transferred from Britain, Europe and China to the US Treasury custodial group accounts specifically to finance the ‘real money’ restitution payments payable in US dollars under the hijacked Settlements.

When the LOCKDOWN orders and constraints were imposed, the $14.0 trillion could, on the face of it (but see above) no longer be exploited illegally as base to sustain the financing of the carousel which was keeping both the stock market and many huge institutions afloat: so the crash started in earnest in mid-September, as a consequence.

Imposition of the LOCKDOWN orders with respect to the said LOAN funds had become absolutely necessary in order to signal to the criminalist cadres that further interference and blocking tactics would have the most drastic consequences. And so it has turned out.

LENINIST BUSH CHANGED HIS MIND AT ONCE, AND HAS BEEN MAD EVER SINCE
Looking back, it is self-evident that the moment that Sarkozy had escaped from Camp David on 18th October armed with the documents signed by Bush 43 that M. Sarkozy needed (to be reinforced by World Court papers obtained on the following Monday, 20th October), the United States’ Leninist President, George W. Bush Jr., changed his mind, as usual.

• But it was too late. He was then verbally ‘beaten up’ by his father and other malevolent forces and was already hurting badly enough, well before the news and detail of the Blair ‘confession’ hit the White House in the afternoon of 29th October.

And Sarkozy couldn’t have cared less, which was why he wasn’t answering the telephone. As for Gordon Brown, he had exited Camp David abruptly, we were told, or else was given the boot by 43, as neither man can stand being in the presence of the other.

So now, by late October, the European performance of this Punch and Judy Show had reached the battering stage. Punch (Sarkozy) had landed several massive blows onto the nose of Judy (Merkel), who responded by sulking in a corner and refusing to play any more. Up popped the Joker (Brown), who darted backy forthy between Punch and Judy, winding up bashing Judy on the cranium so that she has disappeared below the floor boards.

To deploy one last metaphor here: Merkel stood in front of the Settlements train careering towards her at 100mph, thinking she could order it to stop, only to discover too late that she was mistaken.

New telephone hot lines will probably need to be installed at Number 10 Downing Street, the Elysée Palace and the German Chancellery, since the wires are believed to be overheating as these three representatives of the Illuminati insult each other in a lethal fight that allows of NO COMPROMISE.

MURKY MERKEL HAS ALL BUT DESTROYED GERMANY’S TOWER OF BABEL
This explains why Frau Merkel’s behaviour is beyond irrational. Of course, she is cornered: for not only had she been taking bribes from Bush Sr., but as a consequence, the filthy Bush Crime snakes were preparing to deploy certain assets based in Germany (CIA-1, Frankfurt) to blackmail the lady.

Because of her unenviable situation, this one-time Secretary of the Agitation and Propaganda Department of the Young Communists at East Berlin’s Marx-Lenin University faced the choice of caving in, or risking the destruction of the ‘indelible’ ties linking France and Germany in perpetuity.

She chose the path of destruction, ordering Deutsche Bank to remove Bush Sr.’s corrupt funds (which she needed out of the way anyway, to hide the evidence) and then, when confronted with damning evidence obtained inter alia from Blair’s ‘confession’, blaming Deutsche Bank for the chaos, on the assumption that it wouldn‘t become known that she herself, as custodian of Bush Sr.’s illicit funds in Germany, had instructed Deutsche Bank (presumably as she has Bush Sr.’s Power of Attorney) that the funds be transferred into the ‘safe hands’ of her fellow DVD agent, Dr Hans Tietmeyer, former President of Deutsche Bundesbank, appointed to head that notoriously corrupt institution, the Vatican Bank, by the German Pope.

• The ‘black hole’ reportedly ‘discovered’ on Monday 27th October at Deutsche Bank appears to have been related to this sequence of events.

‘IRREVOCABLE’ 1963 BILATERAL TREATY OF THE ELYSEE IN TERMINAL JEOPARDY?
Recall that the ‘indelible’ ties between France and Germany were cemented by the Treaty of the Elysée of 23rd January 1963, signed by German Chancellor Konrad Adenauer, the Hitler-era Mayor of Cologne, and close friend of Hitler’s favourite bankers, Drs. Abs and Pferdmenges, and French President Charles de Gaulle. The Treaty, which has no expiry date, requires the parties to reach ‘an analogous position’ in respect of ALL international issues of common concern, and to coordinate their positions at all international meetings, in perpetuity.

Since President Sarkozy informed Chancellor Merkel on 18th October 2008 that he has the power to have her arrested forthwith, implying that the European Presidency is more powerful, by an order of magnitude, than the Chancellor of Germany, this stance manifestly threatened to blow the Treaty of the Elysée apart, WITHOUT RECOURSE.

• And if France and Germany fall out, the main hydraulic jack that holds up the roof of the rotten European Commission and the European Union Collective generally, would be liable to collapse.

In summary, the Treaty of the Elysée is in tatters, which has HUGE implications for the pan-German Abwehr/DVD’s subversive, anti-nation state construct, the European Union Collective.

• American readers unfamiliar with all this need to understand that the facts that the European Union is (a) socialist/collectivist and (b) a huge long-range pan-German/DVD strategic deception construct, are NOT incompatible. Nazism is National Socialism: Communism and its derivatives are International Socialism, representing, as usual, a false, manipulated thesis/antithesis dialectic.

ITALY STANDS READY WITH NEWLY MINTED LIRE BANKNOTES
Beyond that, the Italian authorities are now fully stocked with newly minted Italian lire, against the increasing likelihood that disillusionment with the Euro will be followed by the re-establishment of their own national currency. A similar tendency is being noted in Greece. Once that happens, the unravelling of the Euro will escalate, and the Danes, who we are told are rethinking their earlier decision to stay outside the Collective Currency, will probably drop the stupid idea of joining it.

The widening of intra-European Union bond yield spreads has heightened continuing uncertainty as to whether Italy and Greece, and others, can possibly continue sharing the same currency as Germany without suffering terminal damage.

BRITAIN SEVERELY ENRONISED, WITH MUCH WORSE TO FOLLOW
As for the hollowed-out British financial and real economies, a general belated realisation that the United Kingdom’s finances and real economic prospects are in almost terminal disarray had driven the pound’s dollar rate down to $1.5280 by the close on 28th October, compared with its peak of $2.0457 on 10th December 2007, a decline of nearly 52 cents – and a depreciation of over 25%.

As previously reported, Britain was used as the Master Platform for the perpetration and marketing of the Bush-Clinton-CIA-DVD fraudulent finance orgy, which has now been brutally exposed, and will continue to be exposed, as a gigantic Ponzi operation.

FRAUDULENT DERIVATIVES PONZI SCAMS TO BE EXPOSED IN A NEW STUDY
The study on this subject that we are preparing will reveal and will prove that the derivatives are fraudulent and worthless. Indeed the very notion that an ‘asset’ marketed without recourse has value ‘derived’ from a real asset that lies many stages removed from the holder, is self-evidently glaringly fraudulent, such assets deriving their notional ‘values’ while the ‘party’ continued, if at all, from the NAMES of the corrupt financial enterprises marketing them, alone.

This is not a failure of so-called capitalism as such: it represents a combination of the deliberate, premeditated failure of US securities market regulation, plus an associated organised criminal offensive, the ultimate purpose being Fascism on a global scale – to be manifested through the acquisition at fire-sale prices of every asset relevant to power and hegemony in the world.

We submit that the exposures have STOPPED THIS HAPPENING – this being the second time that this attempted global control offensive has been halted at the last minute. The first time round, the consequences of the ransacking of the Savings and Loans by the SAME organised Fascist group of criminals, with the same ultimate objective, were mitigated

If the mortgager defaults, the only party who would know that this had occurred, would of course be the original mortgage lending bank. All the subsequent discount purchasers of the derived and securitised (collectivised) assets would have no clue.

Therefore, the thoroughly dishonest assumption perpetrated by the criminal enterprises marketing these fake assets throughout was always that the ‘derived assets’ obtained their value from the original property holder’s mortgage payments flow, when this assumption might be bogus. In any case, replicating value by this means is nothing less than a variant of the Ponzi or pyramid selling fraud: and that indeed is what will be exposed.

MANDELSON ‘TOO CLOSELY INVOLVED WITH RUSSIAN MAFIYA GANGSTERS’
WorldNetDaily reported on 28th October 2008 that UK intelligence sources have revealed that the dangerously controversial Lord Mandelson, yanked out of Brussels and then kicked upstairs to the House of Lords by Gordon Brown shortly after we had exposed that the kidnapped five-year-old Madeleine McCann had been selected by the President of the European Commission, José Manuel Barroso, for his own gratification in line with the practice of the paedophile ring operating within the European Commission itself, appears ‘repeatedly’ in top secret files given his regular contacts with the disintegrating Russian KGB-GRU criminalist oligarch, Oleg Deripaska.

WorldNetDaily says that the files have the highest ‘Y-category’ security rating, which can be read only by the MI6 intelligence chief and DVD stooge John Scarlett, and by the head of MI5, Jonathan Evans (begging the question, of course, of WHO leaked this information).

According to the American Internet-based service, ‘both services have launched an “intensive investigation” into the Izmailovo Organisation, thought to be the most powerful of the Russian mafia gangs, members of which are identified in these files as having ‘contacts’ with the Russian intelligence oligarch.

During the week ending on 24th October 2008, a two-day conference at the US State Department reviewed developments in Russia and the former Soviet Union. Asked by the Editor of this service to comment on the general finding from this conference, a source replied that the conclusion was that ‘Russia and the ‘former’ Soviet Union are almost completely in the hands of organised crime’.

One of the MI6 intelligence files reportedly identifies the Izmailovo Organisation as ‘a multi-faceted criminal family. They specialise in money laundering using banks in Bulgaria, Hungary [please see above: Editor] and the Cayman islands. They also deal in prostitution. They have their own in-house security force staffed by former Russian Special Forces’.

The files on the extremely dubious Lord Mandelson are reportedly held on a secure database shared by MI5, MI6 and GCHQ, the British intelligence community‘s huge eavesdropping centre based at Cheltenham, Gloucestershire.

We comment that while we believe the foregoing intelligence to be accurate, it should be noticed that the entire Deripsaka sequence, enmeshing George (Gideon) Osborne, the Conservative Party Shadow Chancellor and reputed ’handler’ of the brainwashed Conservative leader David Cameron, Nathaniel Rothschild, son of Lord (Jacob Rothschild) and the very dangerous ‘loose canon’ and factotum Peter Mandelson, may also represent a diversionary operation masterminded inter alia by John Scarlett, DVD-serving head of MI6, to ‘change the subject’ in the face of the knowledge that a trap had been set for Blair which would be bound to lead to the exposure of the dwelling places of all of the putrid arms of the Octopus, leading straight to the Bush White House.

Meanwhile, extensive arrests have now been reported, as noted, from London, as well as from Germany, Switzerland and the United States. There, the corrupted intelligence community ‘State within the State’ Intelligence Power is targeted for takedown or makeover, with both candidates for the Presidency voicing reform plans and McCain talking about a greatly slimmed-down community much better attuned to decisive operations against America’s enemies.

First place to start would be to change the name of the CIA’s corrupt Langley establishment from the George Bush Center for Intelligence. The incoming President, or Interim Authority, should DO THIS FIRST. It would send a necessary instantaneous signal to all concerned that their foul reign of terror and their treachery against the American people WILL NOT BE ALLOWED TO CONTINUE.

APPENDIX:

The following report by Agence France-Presse dated 28th October 2008 is appended:

It is an interesting example of how the ‘mainstream media’ and its feeds are able to notice very significant shifts in international relationships, while highlighting the WRONG factors by way of explaining what is observed, and drawing the WRONG conclusions because it is being bamboozled by the theatre rather than understanding what is going on behind the curtain:

PARIS (AFP): Prime Minister Gordon Brown was to meet French President Nicolas Sarkozy for the third time this month on Tuesday, in a sign of increased cooperation between London and Paris on the economic crisis.

France’s traditionally close bond with Germany has been tested by sniping between the offices of Sarkozy and Chancellor Angela Merkel, while Brown has become a regular visitor to Paris since the credit crunch hit [CONFIRMATION OF OUR ANALYSIS HERE AND ON 26TH OCTOBER: Ed.].

Sarkozy, the current holder of the European Union Presidency, hopes to build a common European front at a Brussels summit next week, ahead of a meeting of the G-20 group of current and leading emerging powers in Washington on November 15.

The French leader has said he would like to see the world agree to “refound the global financial system”, and needs all the support he can get.

Brown has been more cautious on the rôle governments should play in the new order, but has also been keen to show leadership on reforming world finance, with the spectre of recession haunting Europe and the world.

The pair were to meet later Tuesday at La Lanterne, Sarkozy’s private residence in the forested park around the Palace of Versailles west of Paris, but first their ministers for Europe met at the French Foreign Ministry.

Afterwards, both ministers agreed on the need to forge a common European stance ahead of November’s G-20 summit. “This is not just an EU problem, it’s not a Eurozone problem, a UK or a French problem, it’s a global problem”, said Caroline Flint, Britain’s Minister for Europe, after talks with her counterpart Jean-Pierre Jouyet.

“Our discussions at EU level can only help us be prepared and persuasive when it comes to looking at what sort of changes we need at a global level to make sure we can limit the damage”, she said. Jouyet said London and Paris had agreed on “the need for tight international cooperation and for Europe to come (to the G-20) united, carrying a common vision of a new economic and financial order”. [Note the constant repetition of the Communist word ‘common’: Ed.].

He said the meetings showed that “relations between our countries have never been so intense, and the cooperation never so tight”.

Long known as a sceptic towards the European Union, Brown was thrust centre stage this month as the 15 nations in the euro single currency used Britain as the model for a united bank rescue plan.

Throwing out the usual protocol, Sarkozy invited Brown to Paris to brief Eurozone members on his plan, and both won plaudits in their respective national media for taking charge of the situation.

On wider reform of the international financial sector, Brown and Sarkozy have also led calls for far greater global regulation and a new role for the International Monetary Fund (IMF) to avert future crises. In contrast, France has clashed repeatedly with its traditional European ally Germany over the response to the crisis, with Chancellor Merkel leading resistance to Mr Sarkozy’s proposal to create an “economic government” for the Eurozone.

Sarkozy would also like to see Europe set up national sovereign wealth funds to shelter strategic parts of their economies from global turmoil – moves that are anathema to Merkel’s more laissez-faire approach. For Jean-Pierre Maulny, the Deputy Director of the Institute for International and Strategic Research, the ad-hoc cooperation between M. Sarkozy and Brown on the finance crisis could mark the start of a longer-term shift in Europe.

“Given the importance of the issues involved, it could have consequences for the balance of power in Europe. That could weaken and alarm the Germans” [ACCURATE: Ed.].

But [THE NOT-UP-TO-SPEED: Ed.] Philip Whyte, senior research fellow at the Centre for European Reform, warned not to “read too much” into the thawing of ties.

“When it comes down to long-term considerations of France’s interest, Germany remains the primordial relationship,” Whyte said. [Editor: sic!!!].

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.

‘NEW 9/11’ TO FABRICATE DERIVATIVES END-GAME

HANK ‘CONFLICT-OF-INTEREST’ PAULSON SCAMS AMERICA

Tuesday 19 December 2006 17:12

DIARY OF ‘CONFLICT-OF-INTEREST’ PAULSON’S CRIMINALITY CONTINUED

PAULSON DIRECTLY ACCUSED OF VIOLATIONS OF THE SECURITIES ACTS OF 1933 AND 1934, AND OF THE ORGANIZED CRIME CONTROL ACT OF 1970, SPECIFICALLY R.I.C.O.

FEDERAL RESERVE ASSET FIRE SALE IN EUROPE

‘CONFLICT’ PAULSON SEEKS G-8 AGREEEMENT TO HIS STEALING WANTA’S $4.5 TRILLION AND USING BARCLAYS BANK CASH TO PAY OUT [‘RE-UP’] 1% OF FACE VALUE OF G-8 NATIONS’ DERIVATIVES DEBT, WITH THE REMAINING NINETY-NINE PERCENT TO BE TAKEN IN THE FORM OF A WORTHLESS TEN-YEAR NOTE. THAT WOULD EXTEND THE DERIVATIVES CRISIS OUT FOR ANOTHER DECADE, BUT BECAUSE OF THIS EXPOSURE IT’S ‘JINXED’, AND HIGHLY UNLIKELY.

GOLDMAN SACHS MAINTAINS ITS CRIMINAL THEFT OF WANTA’S $4.5 TRILLION

EUROPEANS START DISTRIBUTING NATIONAL CURRENCY BANKNOTES

By Christopher Story FRSA, Editor and Publisher, International Currency Review, World Reports Limited, London and New York: www.worldreports.org. Press the ARCHIVE Button on the Home Page for Wanta Global Financial Crisis reports since April 2006.

PAULSON PREPARES A DISORDERLY FINANCIAL CALAMITY
The historically unprecedented scandal surrounding the diversion of the long since formally agreed Settlement of $4.5 trillion payable to the corporate securities account with Morgan Stanley of Virginia-based AmeriTrust Groupe, Inc., belonging to internationally renowned Ambassador Leo Emil Wanta, has brought the world financial economy to the brink of catastrophe, as a small cabal of criminal internationalist operatives seeks to implode the entire derivatives sector, after having enriched themselves by exploiting the diverted $4.5 trillion which should have been credited to the account last June, in accordance with a formal agreement signed by the President of the United States and other high office-holders in May 2006.

On 11th September 2001, associated criminal forces orchestrated the catastrophic demolition of the Twin Towers, gaining five further years for the ‘Ponzi Game’ derivatives sector thanks to the destruction of the relevant derivatives contracts held at the World Trade Center offices of Cantor Fitzgerald, which lost 658 employees forfeit to the criminal gangs. Cantor Fitzgerald salved any conscience its partners may have had by allocating 25% of their profits for five years for the benefit of the families of the bereaved, and agreeing to pay welfare costs for ten years.

No doubt this was considered by those in charge of the atrocity to have been a small price to pay for gaining the benefit of the sudden ‘forgiveness’ of the relevant derivatives contracts.

TOTAL RESTRUCTURING OF DERIVATIVES SECTOR INTENDED
This time round, the conspirators are seeking to provoke the total destruction of the derivatives sector, so that derivatives liabilities need never be paid – scamming and impoverishing the whole world in the process, while retaining (they may have hoped) the obscene illegally gained wealth amassed by exploiting Ambassador Wanta’s $4.5 trillion, tagged in the name of the Ambassador and his Commonwealth of Virginia corporation in a US Treasury account at Goldman Sachs, of which Mr ‘Henry ‘Conflict-of-Interest’ Paulson, the US Treasury Secretary, is the sole signatory.

Mr Paulson’s brazen conflict of interest represents the most extreme example ever witnessed of a US holder of high office exploiting his power for private gain, and has disgusted the Rest of the World and much of America itself.

So confident is this operative of history’s largest financial scam succeeding, that he couldn’t care less that the whole world now thinks to him as ‘Mr Conflict-of-Interest’. His notorious attitude is: ‘I’m in charge, I do what I please, I pay if I decide to and if I don’t decide to, I don’t pay’. This mindset prevails even in the face of our high-voltage spotlight shining right in his eyes.

Great pride, however, always comes before a catastrophic fall.

PAULSON CRIMINAL FINANCIAL MANIPULATIONS DIARY
Events since we last posted have proceeded in accordance with the following outline diary, which may be read in the context of our earlier postings here at www.worldreports.org, and of the very recently published double issue of International Currency Review [Volume 31, Numbers 3 & 4] that is devoted exclusively to the documented background to this crisis – which can fairly be described as the worst in global financial history, being 100% attributable to the temporary supremacy of a small gang of globalist criminals, whose come-uppance is imminent:

01-06 December 2006: NO PAYMENT. President George W. Bush Jr. attempts to have selected foreign diplomats recalled, primarily because of their ongoing involvement with the necessary implementation of The Wanta Plan, which had been the primary behind-the-scenes topic of conversation at the St Petersburg Summit Meeting last July. The foreign governments concerned with one accord refused to recall any of their Ambassadors.

01-06 December: European bankers observed in desperation that there is no money with which to pay out derivatives liabilities.

06 December: The Pope accepts the resignation of the Archbishop of Warsaw, Cardinal Joszef Glemp, and appoints Bishop Stanislaw Wojciech Wielgus as Glemp’s successor.

06 December: Intelligence sources state that the ‘recorded’ volume of derivatives is ‘$370 trillion’. However this figure bears no resemblance to the total, inclusive of hidden and unrecorded derivatives ‘assets’, which as previously stated is of the order of $1,140 trillion.

06 December: Vatican sources contradict Dr Henry Kissinger’s claim that he had been appointed an adviser to the Vatican and point out that he ‘lobbied himself’ to the Vatican, or imposed himself upon it. Vatican sources state that Kissinger is not a representative of or to the Vatican.

06 December: Deutschebank, HSBC, the Bank of England, the Reserve Bank of India, Standard Chartered Bank, J P MorganChase, Wachovia Bank and Bank of America conspire to short the US dollar in order to generate profits from the depreciation of the dollar and the corresponding rise of the Euro. The profits represent off-balance sheet fiat US dollars (Federal Reserve Notes).

06 December: Investigating associates confirm that the computers used by Ambassador Leo E. Wanta and Michael C. Cottrell M.S. have been and continue to be actively targeted by the National Security Agency/National Security Council, and have been systematically and repeatedly shut down in a vain attempt to prevent the surfacing into the public domain of information about the criminal scam to short the US dollar, and other ongoing financial scams sanctioned and perpetrated at the highest levels in Washington.

06 December: Investigators discover that various emergency meetings have been held today in Geneva, and that the meetings were to be reconvened in Madrid on 7th December.

06 December: The Boards of Directors of Bank of America and Wachovia Bank meet jointly to plan how to bring Ambassador Wanta and his Virginia-based AmeriTrust Groupe, Inc., into their so-called restructuring plan – using the $4.5 trillion Settlement money which is of course for the Ambassador alone to dispose of as he sees fit.

07 December: The Editor of International Currency Review posts the article entitled ‘SR. LOSES TRILLIONS IN NAKED SHORT MELTDOWN’, exposing the ‘concert party’ to short the US dollar, which is of course treason.

07 December: Michael C. Cottrell M.S., the Treasurer of AmeriTrust Groupe, Inc., receives a telephone call from the United Kingdom-based signatory in respect of 32 trillion of US dollar Treasury cheques issued in May 2006 by the US Treasury and the Federal Reserve, with the alleged signatures of Greenspan/Bernanke, Kohn, Snow and possibly McCurdy (Federal Reserve Bank of New York). The beneficial owner of these checks is a certain well-known and notorious ‘buddy’ of former President Clinton, resident in Jakarta.

07 December: Robert Armenta, ‘compliance officer’ with the Federal Reserve Bank of New York, continues to prevent any financial platform that is using the US Treasury cheques, from allowing them to be used.

07 December: Investigators confirm that 20 bond traders at HSBC in the United Kingdom were detained, questioned, and dismissed from the bank on 6th December. Of these fired bond traders, 17 were immediately hired by Goldman Sachs in London, indicating perhaps that irregularities at HSBC may be regarded as virtuous behaviour at Goldman Sachs.

08 December: Bank of America floats the idea on CNBC and in The Wall Street Journal that it may be interested in ‘buying’ Barclays Bank in London. This represents an ‘attack is the best defence’ strategy and reflects the fact that Barclays Bank is about the only institution holding clean paper.

08 December: Ambassador Leo Wanta’s computer system takes a direct electronic burst from the White House’s incoming fax line [202-456 2843] that shuts his computer down. Nice one, George.

08 December: Madrid meeting convened to generate a dollar hyperinflation by again shorting the US dollar.

08 December: Investigators confirm that George Soros, Bill Gates and Steve Forbes actively bought positions in order to gain from the short dollar scam.

08 December: The financial markets, assisted by reading our reports, openly question the credibility of the financial status of certain leading New York City area banks.

10 December: Secretary of the US Treasury Hank (‘Conflict-of-Interest’) Paulson’s office is ‘bombarded’ with calls from Congress and senior officials about our reports on Paulson’s glaringly amoral ‘conflict of interest’ and ‘Bush Sr. loses trillions’, and the current issue of International Currency Review [Volume 31, Numbers 3 & 4], demanding to know: WHAT IS THE TRUTH? A CURIOUS QUESTION IN THE LIGHT OF WHAT WE HAVE PUBLISHED!

• Memo to Congressmen et al: We seek always to present the truth. Please distinguish our website www.worldreports.org from the malevolent us intelligence community’s controlled propaganda websites with which you are familiar, which specialise in diversion, disinformation and sowing confusion. This site, like International Currency Review, exists for the sole purpose
of promulgating the truth. Please do not inadvertently tar us with the US intelligence community’s sordid brush of deliberate confusion. What you read on this site is ‘where it’s at’ when posted.

• It transpires that Hank ‘Conflict-of-Interest’ Paulson ignores all these phone calls. His head is in the sand while his nose is in the air.

11 December: Mr ‘Conflict-of-Interest’ and Federal Reserve Board Chairman Bernanke are ordered to travel to China to explain inter alia the detailed reasons why Mr ‘Conflict-of-Interest’ Paulson has not remitted the $4.5 trillion Settlement which should have been paid last June. Specifically, the $4.5 trillion, having been brought across the exchanges, was issued to the CIA’s ‘own’ bank, Bank of America, earlier in 2006, and was then placed under Mr ‘Conflict-of-Interest’s’ direct SOLE signature and control. The funds are held at the institution he headed before being appointed US Treasury Secretary. And he, we repeat, is the account’s SOLE SIGNATORY.

11 December: Key European countries – Austria, France, Germany and the United Kingdom, and China – formalise their agreement to the liquidation of the Federal Reserve, and the payment of the real Brady bonds that are held ‘on the books’.

11 December: The British signatory of the fund holding the aforementioned $32 trillion worth of US Treasury checks asserts to Michael C. Cottrell M.S. that ‘The Wanta Plan’ Settlement will be paid within a few days.

11 December: Against this typically diversionary background, investigators discover that the ‘Madrid Group’ is trying to negotiate the establishment of a gold-backed monetary currency to replace the weakened US dollar (even though of course nothing like enough gold is held by the United States for any such initiative to make any sense whatsoever).

12 December: European bankers notify Ambassador Leo Wanta and Michael C. Cottrell, M.S., that they anticipate that the $4.5 trillion Settlement for Ambassador Wanta will finally be paid out by Monday 18th December 2006.

It also transpires that Mr ‘Conflict-of-Interest’ Paulson’s ‘Plunge Team’ default scenario was activated on 11th December, and that China pressured Paulson to begin the necessary Wanta payout by 15th December.

13 December: Investigators discover that, between 24th November and 8th December alone, the Federal Reserve has printed new money worth $83.25 billion, by trading/selling $5.7 billion worth of coupon instruments to private investors, including New York City Mayor Bloomberg. The ratio here of repos sold for cash is 15:1. REFER TO USC TITLE 18, SECTION 4 AND 35 WITH RESPECT TO GAINS ACCRUING TO PRIVATE INVESTORS FROM THE MISUSE OF PUBLIC FUNDS.

13 December: The British and US press plasters details of obscene bonuses being paid to Goldman Sachs employees for 2006, worth $16.4 billion.

13 December: Vatican sources ‘confirm’ that the Bush Administration is ‘absolutely confident’ that the Ambassador’s $4.5 trillion, which will be used for on-balance sheet, taxable trading programmes and for the financing of projects of huge benefit to the United States, as well as facilitating the termination of America’s public debt-financing orgy, will be paid by 15th December 2006.

13 December: European bankers inform associates of Ambassador Wanta and Michael C. Cottrell, M.S., that if the ‘Wanta Plan’ $4.5 trillion has not been paid by 15th December, the European banks will cause the US dollar to fall further, and will take steps that will result in the default of certain wholly-owned US corporations which are controlled by the privateers who have been profiting from the illegal use of the $4.5 trillion belonging to Leo Wanta and his Virginia-based AmeriTrust Groupe, Inc. The grievous consequences of such defaults will include the seizure of all the assets of these corporations. This threat remains, of course, in place.

14 December: The British press reports that the workers who clean the offices of Goldman Sachs in London are considering a series of strikes over complaints that Goldman has reduced the size of the cleaning teams, while their workloads have remained the same. Earlier, the cleaners picketed the London offices with pointed placards proclaiming ‘GOLDMAN SUCKS’ and demanding that their low wages be increased. Tony Woodley, General Secretary of the Transport and General Workers’ Union points out that news of the colossal bonuses paid to Goldman employees had done little to improve the atmosphere, adding: ‘While bankers at Goldman Sachs will be splashing out on second homes, cars and polo ponies with their multimillion-pound bonuses, its cleaners are being squeezed by staff cutbacks’. Observers note that Goldman Sachs has adopted an attitude of studied arrogance and indifference in the face of this dark blot on its reputation.

14 December: Investigators discover and confirm that the funds stolen on 17th November moved in accordance with the following ‘daisy chain’: From the US Treasury to the Federal Reserve to the Bank of America (Los Angeles, CA) to the Wachovia Bank, New York City to the compromised Bank of England in London, where they are traded by Carl Daniels, with the resulting profits being placed into special accounts held, SURPRISE, SURPRISE, SURPRISE, at Barclays Bank, UK. So if Bank of America were to buy Barclays Bank, the profits would wind up where this particular carousel started, wouldn’t they.

15 December: The Chinese authorities tell Mr ‘Conflict-of-Interest’ Paulson (and we quote the precise words used) to ‘GET OFF THE KETTLE OR SHIT’.

15 December: The high-level US Government delegation led by Mr ‘Conflict-of-Interest’ attempts to convince the Chinese Government and the Elders to ‘give him more time’, but provides no indication as to why ‘more time’ is needed. Or what ‘more time’ would accomplish. The Chinese, being astute, realise that the delegation is all cosmetic verbiage and no substance.

15 December: Mr ‘Conflict-of-Interest’ also wanted, believe it or not, the Chinese parties’ approval for the $4.5 trillion payment to Ambassador Wanta, without actually paying any money – thereby ensuring that the $4.5 trillion would remain in Paulson’s private pool at Goldman Sachs, and using the $4.5 trillion in the context of the new ‘transparent’ electronic trading system.

15 December: Both the Chinese Government and the Elders are reported to have been ‘very frank’ (diplomat-speak for extremely short-tempered and rude) and greatly disgusted with Mr ‘Conflict-of-Interest’ Paulson and his deceitful crew. As previously reported, Mr ‘Conflict’ has lied to the Chinese on several occasions during 2006 – a fatal mistake, as Chinese culture is particularly severe on liars: and commendably so. Liars make fools of themselves in the sight of cultured Chinese, and attract their contempt.

15 December: The Chinese and the international financial community insist that there is no more time left, that no more money can be found to enable Goldman Sachs to continue to hold on illegally to the $4.5 trillion under the say-so of Mr ‘Conflict-of-Interest’, and that the Ambassador must be paid forthwith, so that the refinancing of the United States and the newly purged international financial system can be launched.

STILL NO PAYMENT.

16 December: Reuters reports that Mr ‘Conflict-of-Interest’ Paulson is to meet with the German Chancellor, Angela Merkel (at the Bundeskanzleramt, Willi-Brandt Strasse 1, 10557 BERLIN, Germany) on Thursday 21st December. Mr ‘Conflict’ will also be meeting Deutsche Bank, which serves as the primary bank for Deutsche Verteidigungs Dienst (DVD), the ongoing Nazi Strategic Deception Continuum based at Dachau, of which George H. W. Bush Sr. is reportedly the head, in succession to Admiral Canaris – who was not hanged in the nude at Flossenberg on 9th April 1945 as disseminated by the Abwehr’s underground disinformation apparat, but rather continued as the Abwehr and Gehlen Organisation/DVD Chief until he fell ill in 1974, whereupon he was temporarily succeeded by our friend Dr Henry Kissinger who, in turn, kept the seat warm for George Bush Sr.

Hence, the CIA was for a time headed by the secret ‘Black’ intelligence chief of the Nazi Continuum, which is why America’s affairs are in such a terminal mess today.

16 December: European bankers notify associates of Ambassador Wanta and Michael C. Cottrell, M.S., that, as of 12.00 Midnight European time, the whole of the Federal Reserve’s assets went on the auction block. The European banks are buying up pools of these assets at bargain prices, ready for the folding of the Federal Reserve [see above].

The proceeds are being paid direct to the US Treasury.

17 December: Investigators are informed by assorted members of the US Government, the Department of Homeland Security (a.k.a. the Soviet-style US Ministry of State Security) and the US Treasury, that some Wanta funds will be released this week, but not the full amount.

18 December: Intelligence sources advise Ambassador Wanta, Michael C. Cottrell, M.S. and associates, that Mr ‘Conflict-of-Interest’ Paulson, Dr Ben Bernanke et al have every intention of:

• Using the stolen Wanta $4.5 trillion plus accrued interest to short the
US dollar until there is no value left, by means of purchasing and selling Japanese yen and Euro.

• Not defending the colossal $1,140 trillion derivatives liabilities of the banks.

• Instead, declaring the US dollar to have no value…

• And accordingly forcing US citizens to accept the so-called ‘Amero’ as a fait accompli by way of a substitute for the US dollar. This would be done by inducing defaults on all US mortgages held by defaulted derivative banks, namely: J P MorganChase, Citibank, Wachovia, Bank of America, et al.

The objective, according to the intelligence sources, will be to revisit the Depression-era restructuring model for the affected banks – while enabling Goldman Sachs (Mr ‘Conflict-of-Interest’ Paulson, Bolten, US Federal Reserve, Greenspan, Bernanke, Wachovia, Bank of America and the notorious criminal ‘Box Gang’ characters, including George Bush Sr., George Bush Jr., W. J. Clinton, Hillary Clinton, George Soros et al) to profit from the restructuring, while blaming the Chinese for the defaults.

18 December: In line with the above, cynically manipulative US intelligence disinformation was widely circulated on the Internet over the weekend of 16-17 December to the effect that the Chinese were about to dump their $1.0 trillion. The purpose of this disinformation was to prepare the ground for the Chinese to take all the blame for the catastrophe, which is being deliberately contrived by the above criminal parties.

ORCHESTRATING ANOTHER ’CANTOR FITZGERALD’ OPERATION
This intended catastrophe is effectively meant to be ‘ANOTHER 9/11’.

The criminalists are trying to develop a new means of repeating the ‘Cantor Fitzgerald syndrome’, which gave the derivatives ‘Ponzi Game’ another five years of off-balance sheet, untaxed, fiat money-creation operations for the personal enrichment of an ever-expanding multitude of ‘Ponzi Game’ players in the illegal and uncontrolled derivatives sector.

19 December: Barclays Bank, which has wound up with massive financial accruals from the carousel operation using stolen money as base described above, is reported to be transferring colossal amounts of ‘money’ to Deutsche Bank.

Paulson, travelling around the Group of Eight [G-8] countries in Europe, in part, so that he doesn’t have to answer the phone and face the music at home, expressly informs European contacts that HE HAS NO INTENTION OF PAYING LEO WANTA’S SETTLEMENT AND THAT HE REFUSES TO ENGAGE WITH THE AMBASSADOR AND MR COTTRELL.

The reason is that if he contacts them he will be obliged to comply at once with their instructions.

Paulson is further described as ‘not sleeping well’. Prime Minister Tony Blair is reported to be arguing strenuously with President Bush Jr. about the urgent necessity for the Wanta Settlement to be paid out without further ado; and what remains of the ‘Special Relationship’ is reported to be fraying at the edges as a result of the President’s bovine intransigence.

Mr H. ‘Conflict-of-Interest’ Paulson is stated to be engaged in a further fraud. Specifically, he informs European parties that not only will he not pay the Ambassador’s Settlement, but he will use the $4.5 trillion funds belonging to Ambassador Leo Emil Wanta PLUS funds taken from the Barclays Bank carousel windfalls transferred to Deutsche Bank, to pay down in cash 1% of the face value of the G-8’s derivatives debt, plus the balance (ninety-nine percent) in the form of a Ten-Year Note (an operation that is being referred to as a ‘re-up’). Manifestly, the ninety-nine percent will never be paid and Paulson’s Ten-Year Notes will be worth less than the paper they would be printed on, as soon as they are printed.

Moreover such Notes would be used by unscrupulous institutions and others for further dangerous illegal collateralisation and hypothecation operations, thereby extending the derivatives crisis into a black hole of even more infinite proportions than the one we face today.

THIS IS YET ANOTHER FRAUDULENT OPERATION AND PAULSON HAS YET AGAIN BEEN CAUGHT ‘IN FLAGRANTE’, THIS TIME TRYING TO BRIBE THE G-8 BANKS TO AGREE TO HIS DUBIOUS ‘SOLUTION’.

The banks are not enamoured with this latest desperate demarche by Mr ‘Conflict-of-Interest’ Paulson, who insists that he will ‘fix it my way’.

On the contrary, they see right through Paulson’s bravado. Neither are they about to be taken in
by the implied suggestion that this grossly illegal and criminal method of ‘resolving’ the derivatives showdown by stealing Wanta’s Settlement funds which were earmarked for paying down the vast US Treasury debt and for financing massive projects in the United States, could be construed as somehow letting Goldman Sachs, which is engaged in the theft of Wanta’s funds, off the hook.

20 December: It becomes known that the French authorities began the distribution of French franc banknotes to the banks on Friday 15th December, and that the German authorities are distributing deutschemark banknotes to their banks. At an IMF Annual Meeting in 1998, Dr Hans Tietmeyer, who was then President of the Bundesbank, was asked whether the Bundesbank had taken steps to store deutschemark banknotes for use in case the EU Collective Currency turned out to be a failure. HE DID NOT DENY THAT THIS WAS THE CASE, AND TURNED TO THE NEXT QUESTION.

The distribution of French franc and deutschemark banknotes is a direct consequence of the
letter from Michael C. Cottrell, M.S., to Paulson, cited below, in which the US Treasury Secretary
is accused of breaches of the 1933 and 1934 US securities legislation, of violations of legislation against organised crime, and of R.I.C.O. violations – and of the grim evolution of the Wanta crisis generally, and the prospect of a Day of Reckoning for the $-denominated derivatives sector.

• The reappearance of French franc and deutschemark banknotes sounds the ultimate death knell for the E u r o. This is apparent for three reasons. First, it confirms that France and Germany have never had confidence in the EU Collective Currency for which they are themselves responsible, since if they had felt truly confident they would not have taken the (sensible) precaution of storing national banknotes against the possibility of failure. Secondly, with the national banknotes back in circulation, it will not be possible to rescue the E u r o, since the man and woman in the street, being ‘not stupid’, will realise at once that their own governments have lost confidence in the Collective Currency. Thirdly, it will not be possible to put the clock back. The reappearance of the domestic banknote specie is a clear signal that the days of the Collective Currency are numbered.

This development also closes the lid on the A m e r o, an intelligence scam (see below).

‘AMERO FRENZY’ A CYNICAL U.S. INTELLIGENCE SMOKESCREEN
However discussions on 18th December between associates of Ambassador Wanta and Michael C. Cottrell, M.S., and leading Congressmen, who are now fully au fait with what is going on [please see above], have made it evident that the ‘A m e r o’ alibi (which would be a treasonous move) ‘will not fly’. Mr Cottrell has separately carried out his own study of this wheeze, and pronounces it to be ‘structurally deficient and impractical’.

In other words, the ‘A m e r o frenzy’ represents a typically devious US intelligence sector SMOKESCREEN designed to divert the focus away from the criminal financial transactions and the theft of Ambassador Wanta’s $4.5 trillion, so that people go running after a huge diversionary red herring and get all steamed up about the wrong issue.

Both the ‘A m e r o frenzy’ and the disinformation about Chinese dollar-dumping intentions were timed to throw sand in our eyes, while the internationalist crooks continue with their financial raping and pillaging operations in full daylight.

The arrogant criminals concerned are driving the world to the brink of catastrophe in order to bury their cleptomania in an orgy of defaults – gambling that these self-appointed operatives will wind up in control of all wealth, while the rest of us languish in deliberately contrived poverty.

NAZI LONG-RANGE STRATEGY SECRETLY DRIVING THE CRISIS
And underlying this desperate throw of the dice is the long-range strategy of Deutsche Verteidigungs Dienst, Dachau, the Nazi Continuum, whose two operating criteria are worth repeating here – in case the point has not yet sunk home in the minds of the American people:

1. ‘Fur uns, ist der Krieg niemals vorbei’ (‘For us, the war never ended’); and:
2. ‘We intend to build the Thousand-Year Reich on the Ruins of the United States’.

These pledges were intercepted by the Allies at the end of the Second World War and from the ‘Madrid Circular Letter’, a document prepared by the Nazi German Geopolitical Centre, Madrid, in the early 1950s. For further details, see International Currency Review, Volume 31, Numbers 3 & 4; and ‘The New Underworld Order’ by Christopher Edward Harle Story [which will be available from: http://www.edwardharle.com“>www.edwardharle.com or via www.worldreports.org].

WANTA’S ORDER TO PAULSON • MORGAN STANLEY COORDINATES

PAULSON DIRECTLY ACCUSED OF VIOLATIONS OF THE SECURITIES ACTS OF 1933
AND 1934, AND OF THE ORGANIZED CRIME CONTROL ACT OF 1970, SPECIFICALLY R.I.C.O.:
Attached with the email version of this posting is a document addressed by AmeriTrust Groupe, Inc., to Mr ‘Conflict-of-Interest’ Paulson, Office of the Treasurer, US Department of the Treasury, 1500 Pennsylvania Avenue, NW, Washington DC 20220.

This letter, reproduced here as straight text, is headed:

Further instructions regarding Economic Receipt of the Agreed Upon Financial Settlement regarding Ambassador Leo E. Wanta/Lee E. Wanta and AmeriTrust Groupe, Inc., dated 15th December 2006:

AmeriTrust Groupe, Inc.
Office of the Treasurer
1157 West 7th Street
Erie, Pennsylvania 16502
Telephone: (814) 415-9218
Facsimile: (814) 453-4453
Date: 15th December 2006

IMMEDIATE RESPONSE REQUESTED

To: The Honorable Henry M. Paulson Jr.
Office of the Treasury
US Department of The Treasury
1600 Pennsylvania Avenue, NW
Washington DC, 20220
Via: Fax: (202) 622 6464; 202 622 0073

Ref: End: (1) Morgan Stanley & Co, Inc. corporate securities account coordinates for AmeriTrust Groupe, Inc, dated 14 August 2006. [Note: The attached letter is OMITTED here].

Re: Further instructions regarding Economic Receipt of the Agreed Upon Financial Settlement regarding Ambassador Leo E. Wanta/Lee E. Wanta and AmeriTrust Groupe, Inc.

Dear Mr Secretary

It is now evident that you do not value the RULE OF LAW of the United States of America or even your oath of office. After several DIRECT communications from this firm and Ambassador Leo E. Wanta, and the fact that YOU (Secretary of the US Treasury) were PERSONALLY advised and warned recently by the People’s Republic of China [concerning] the various consequences of YOUR DEPARTMENT’S NON-PERFORMANCE, YOU (Secretary of the US Treasury) STILL STATE TO FOREIGN OFFICIALS THAT YOU WILL HONOR YOUR OATH OF OFFICE, BUT REMAIN AS AN ALLEGED ACCCOMPLICE TO THE THEFT OF THE FOUR POINT FIVE TRILLION UNITED STATES DOLLARS (US DOLLARS 4,500,000,000,000) BELONGING TO AMBASSADOR LEO WANTA/AMERITRUST GROUPE, INC.

The aforesaid FOUR POINT FIVE TRILLION UNITED STATES DOLLARS (US Dollars 4,500,000,000,000) – TAGGED AND NAMED WITH THE BENEFICIAL OWNERSHIP AS AMBASSADOR LEO E.WANTA/LEE E. WANTA AND AMERITRUST GROUPE, INC – REMAIN UNDER YOUR PERSONAL SIGNATURE AND CODE LOCATED AT GOLDMAN SACHS, et. al., (C.H.I.P.S.) ACCOUNT WITHIN CITIBANK NYC.

Therefore, this firm hereby ORDERS YOUR COMPLIANCE VIA THE SECURITIES ACTS OF 1933, 1934, AND THE ORGANIZED CRIME CONTROL ACT OF 1970, SPECIFICALLY R.I.C.O., THAT YOU IMMEDIATELY COMMUNICATE WITH THE TREASURER OF THIS FIRM, MICHAEL C. COTTRELL, M.S. (814-874 3257) AND PERSONALLY ADVISE THE IMMEDIATE RELEASE AND DEPOSIT THE CASH AMOUNT, OF THE AFORESAID FUNDS, AND VERIFICATION OF SAID PAYMENT – INTO THIS FIRM’S MORGAN STANLEY SECURITIES ACCOUNT [details fo which, see above, were enclosed].

Whereas, The President of the United States of America, having signed H.R. 3723 on October 11, 1996, has protected this transaction by allowing Corporations the right to declare their Contracts, Clients, Internal Procedures and Information, and the transactions they engage in as a Corporate or Trade Secret fully protected under the Economic and Industrial Espionage Laws of the United States of America and the International Economic Community.

Inasmuch, the names, identities, bank coordinates and other identifying information of persons
or entities that are party to this transaction, contained herein, or learned hereafter, shall be a Corporate Trade Secret that shall not be disseminated or other than as provided for herein, or as allowed under applicable law. Any unauthorized Disclosure of this Private Transaction, parties to,
or other material fact of, shall subject the violators to Criminal prosecution.

Thank you for your cooperation in this matter.

Regards,

AmeriTrust Groupe, Inc.
Authorized by [Signature] Michael C. Cottrell, M.S.
Executive Vice President and Treasurer (814) 874 3257
Authorized by Lee E. Wanta, Chief Executive Office, President [phone number given]

Enclosure 1: Morgan Stanley & Co., corporate securities account coordinates for AmeriTrust Groupe, Inc, dated 14 August 2006.

Cc: The Honorable George W Bush, President of The United States of America.
His Excellency, Zhou Wenzhong, Ambassador of the People’s Republic of China
His Excellency, Li Zhaoxing, Minister of Foreign Affairs, Embassy of the People’s Republic of China
James A. Baker III, Former United States Secretary
AmeriTrust Groupe, Inc./Legal
Mr William Bonney, Sr., C.B.I.C. Corporation

Ambassador Leo Emil Wanta: Diplomatic Passport Numbers 04362 & 12535 a.k.a. Frank B. Ingram [FBI] (Sector V) SA32NV; and a.k.a. Rick Reynolds, SA233MS. AmeriTrust Groupe, Inc: Federal EIN Number 20-3866855; Virginia State Corporation Identification Number: 0617454-4; Virginia State Department of Taxation Identification Number: 30203866855F001.