GORBACHEV IMPLICATED IN STEALING COTTRELL’S CONTRACT

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

Thursday 4 February 2010 05:01

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

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

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

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

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

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

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

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

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

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

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

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

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

• GORBACHEV AND KOHL IMPLICATED WITH BUSH SR. AND ACKERMANN

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

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

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

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

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

• LIES AND DIVERSIONARY PLOYS OVER WORLD COURT JURISDICTION

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

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

• ELECTRONIC JAMMING OF GOLD THEFT PHONE CONVERSATION

• GERMANY IS BEING PROGRESSIVELY EXPOSED AS THE ENEMY

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

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

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

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

• WHY THE EAVESDROPPERS ROUTINELY SHOOT THEMSELVES IN THEIR CLUB FEET

• THE HIDEOUS FINANCIAL AND ECONOMIC ‘SHOCKS’ IN STORE

• THE LATEST AVAILABLE DERIVATIVES NOTIONAL VALUE DATA

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

• FOR ‘FUNDAMENTAL PROBLEMS’ READ: RAMPANT CRIMINALITY

• BANKERS AT DAVOS REPORTED TO HAVE BEEN AT LOGGERHEADS

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

MISPRISION OF FELONY: U.S. CODE, TITLE 18, PART 1, CHAPTER 1, SECTION 4:
‘Whoever, having knowledge of the actual commission of a felony cognizable by a court of the United States, conceals and does not as soon as possible make known the same to some Judge or other person in civil or military authority under the United States, shall be fined under this title or imprisoned not more than three years, or both’.

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

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

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

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

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

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

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

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

NEW REPORT STARTS HERE:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

• Tony Blair, former British Prime Minister.

• Dr Ben Bernanke, Chairman of the Federal Reserve Board

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

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

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

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

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

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

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

• WE DON’T THINK SO…

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

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

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

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

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

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

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

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

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

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

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

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

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

• That’s why the Monarchy is targeted as described

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Dear Mr Story

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

My respect.

David Dastych.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

LEGAL TUTORIAL: The Steps of Common Fraud:

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

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

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

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

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

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

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

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

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

FRAUDULENT CONVEYANCE:

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

*VISTA: Virtual Instant Surveillance Tactical Application.

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

story2

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.

• 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.

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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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ROUND-UP OF RECENT REVOLUTIONARY DEVELOPMENTS

cropped-chrisstory

THE BELL TOLLS FOR THE CRIMINALIST CADRES AND THEY KNOW IT

Tuesday 24 November 2009 21:30

• FINANCING OF AL-QAEDA BY U.S. INTELLIGENCE: ARCHIVE: 26TH NOVEMBER 2009
Plus: Fraudulent conversion of private debt at Fed into public debt under cover of Fed audit.

THIS report, dated 24th November, has been reposted as it was overtaken by the later report…

• PREFACE: STRAIGHTFORWARD FACTS ABOUT THESE REPORTS

• THE PURGE TAKING PLACE TODAY WAS THWARTED IN 2007

• U.S. LOCOMOTIVE PLANT’S DELIVERIES TO CHINA ‘FOR FREE’

• WRECKAGE PERPETRATED BY A SMALL CLIQUE OF FINANCIAL TERRORISTS

• REVIEW OF RECENT EVENTS IN THE LIGHT OF SUPPLEMENTARY INFORMATION

• CHINESE CONTINUE TO HOLD THE WRIT AND LIEN IN RESERVE

• FORT HOOD OPERATION TO RECOVER BOXES ‘SUCCESSFUL’

• COLLABORATION OF THE U.S. MILITARY WITH THE CHINESE

• THE DOUBLE CARTEL OIL PRICE-RIGGING MECHANISM

• PRICE-RIGGING THROUGH THE INTER CONTINENTAL EXCHANGE

• THE REAL ECONOMIC COLLAPSE IN NUMBERS

• U.S. MILITARY AT FORT HOOD ACTED IN ‘NATIONAL INTEREST’

• BOEING FLEET FLOWN TO CHINA TO COLLECT MORE BOXES

• BUSH SR. ‘ALLOWED’ TO FLY TO GERMANY: FOR A REASON

• THE WORLD WAR II GERMAN BONDS HELD AT FORT HOOD

• OBAMA AND CLINTON COULD NOT HAVE TRAVELLED TO CHINA OTHERWISE

• CONGRESSMEN APPEAR TO TAKE THEIR CUE FROM THE CHINESE DEMAND

• OTHER PROMINENT OPERATIVES SAID TO BE ‘ON THE SKIDS’

• DESPICABLE AMERICAN TREATMENT OF ITS ‘CLOSEST ALLY’

• BRITAIN SHOULD EXTRICATE ITSELF FROM U.S. ENTANGLEMENTS

• THEMES WE PIONEERED ARE BECOMING MAINSTREAM NOW

• UK MILITARY POWER SHOULD BE USED ONLY IN THE NATIONAL INTEREST

• BRITISH GOVERNMENT AT LAST STARTS MOVE TOWARDS AFGHAN EXIT

• INTERNATIONALIST AGENDA HIJACKS NATIONAL POWER

• OFFICIALLY CONDONED CRIMINAL OPS. IN AFGHANISTAN

• U.S. STATES’ FINANCIAL CRISES, AND BIDEN’S CAR CRASHES

• THE UNDERLYING REASON FOR THESE ‘ACCIDENTS’

• BLAIR NIXED AS EUROPEAN PRESIDENT BY KISSINGER’S PAL

• POINTEDLY TIMED QUERIES RAISED ABOUT BLAIR’S DEALINGS

• BLAIR’S OCCULT NOMENKLATURE FOR HIS COMPANIES

• ‘MAINSTREAM’ NOW UNDERSTANDS WHY BLAIR WANTED THE JOB

• HIGH OFFICE OFFERS PROTECTION FROM PROSECUTION

• THE TWIST BEHIND THE CHILCOT INQUIRY INTO THE IRAQ WAR

• THE EDITOR’S ENCOUNTER WITH A PENTAGON SPY

• THE SOVIET SHIPS THAT REMOVED THE IRAQI WMD

• WHY THE REMOVAL OF THE IRAQI WMD WAS SUPPRESSED

• PENTAGON AGENT TASKED TO FIND OUT WHAT WE KNEW

• BLAIR TO BE MADE THE SCAPEGOAT FOR OTHERS

• SAME CYNICAL PROCEDURE IS BEING APPLIED TO IRAN

• EUROPEAN COMMISSION OPERATING MORE ILLEGALLY THAN EVER

• BRITISH BANKS BEING TOLD WHAT TO DO BY AN IMPOSTOR

• EUROPEAN COMMISSION ACCOUNTS ARE FRAUDULENT

• THEREFORE, THE EUROPEAN COMMISSION IS A CRIMINAL ENTERPRISE

• DESPITE ALL THIS, A PAN-EUROPEAN GESTAPO IS BEING PLOTTED

• GERMAN-RUSSIAN RELATIONS ARE ‘INDISSOLUBLE’

• ‘IT DOESN’T MATTER THAT IT’S NOT TRUE. WHAT MATTERS IS THAT IT’S OUT THERE’.

• WARNING: Despite signs of movement towards resolution, summarised in this report, we remain braced for the likelihood of very dirty tricks at this late stage of the proceedings.

• FURTHER WARNING: We diagnose a sinister implied criminal intent to reignite the corrupt off-balance sheet, untaxed Fraudulent Finance derivatives trading using the collateral provided by the recovered Chinese 1933 and 1934 USD currency boxes as base for the ‘new’ fiat dollar money, so that a vast new eruption of funny money accruals arising from fraudulent trades achieved via new platforms that are being hastily put together by people who have no idea what they are doing, is anticipated, planned or intended. Any such development will lead straight into a global financial catastrophe within a short space of time, given that Governments, already strapped because of their rash bail-out operations in the present crisis, will be UNABLE to provide lifelines when this next generation of Fraudulent Finance ‘blows’, as it most certainly will, much faster than last time.

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.

• 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.

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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:

PREFACE: STRAIGHTFORWARD FACTS ABOUT THESE REPORTS
Before we go any further several basic issues about these reports need to be revisited, given the propensity of some critics to blame the messenger.

• First, we have been operating in a dense fog of deliberate disinformation, lies and diversionary tactics perpetrated by compartmentalised agents of influence and operatives working for various competing US and foreign interests and structures with conflicting agendas and axes to grind – all concerning MONEY. By definition, therefore, separating truth from falsehood remains a continuing challenge – especially since certain well-known malevolent websites are tasked to specialise not in seeking to convey accurate insights and information, but rather in cynically and deliberately sowing diversionary confusion in accordance with instructions to maximise the potential for obfuscation of the criminality and fraud, and the cowardly failure of authorities to eradicate them.

It is self-evident that information published in these reports is derived from published sources in the public domain, from private written communications or from oral communications made to us by sources believed, through experience, to be reliable. However given that every conversation is listened to and recorded, with transcripts of some conversations still sent to the White House, and given that all who are genuinely engaged in exposing the criminality may be subject to attempted stings by the criminal cadres being exposed, one can never rule out the possibility of being misled.

At the same time, it may be too simplistic, on occasion, to categorise specified information as misleading. This is because you will recall that these people are ALL double-minded. Therefore, they may leak certain information for a dual purpose: first, to advance a particular Agency objective or discrediting agenda; and secondly, at the same time, to lay a trail which could be used to provide deniability in another, parallel context.

A case in point was the recent ‘Malik dimension’ leak to us, which actually occurred BEFORE the Fort Hood events. As indicated in outline in the report dated 12th November, following that trail leads straight to the criminal financing of Al-Qaeda and the World Class DVD-CIA criminal George Herbert Walker Bush. Equipped with this heads-up, certain operatives have rushed in to ‘confirm’ this fact – one of them being the libellant, Heneghan.

Now why would that be?

Stay tuned, as the late Sherman Skolnik used to say. It is because Marvelous Investments Limited, with which Mr Wanta and Heneghan, as well as Mrs Hillary Clinton and Eva Teleki, were involved, likewise leads to the financing of Al-Qaeda. So you see, the leaking of the ‘Malik dimension’ ahead of Fort Hood served two purposes simultaneously: it pointed fingers at George Bush Sr., while at the same time it provided, in readiness, an apparent alternative (diversionary) explanation for the Marvelous Investments Limited trail, should that operation be blown, as it will be.

Incidentally, some people have correctly pointed out that the horrific Russell Hermann sequence is an ‘old story’. That is true: but it’s not the point – which was that it highlighted a typically murderous and avaricious ‘grabitisation’ operation by George Bush Sr., and his notorious Texan ‘gopher’, one James Baker III. It is unconscionable that murderers and accessories to the fact of murder should be protected from the consequences of their crimes just because they once held high office – a consideration which, of course, applies to most of these odious operatives. Hermann was among a number of operatives involved with Iran-Contra who were horizontalised for their pains.

Despite the deliberately sustained fog of diversionary disinformation and claptrap, an experienced Editor with four decades of experience can be relied upon to possess adequate skills to be able to determine, usually with success, what is true and what may be false – especially when he has been lied to, deceived and double-crossed with the frequency suffered by this Editor, as well as being routinely threatened as has been happening with some regularity of late.

Sources usually found by us to be reliable are themselves, prone to be deceived from time to time; indeed, it is our experience that a run of accurate (and separately confirmed) information from such sources may, without warning, suddenly be followed by ‘information’ that is subsequently found to be without foundation.

This happens occasionally because the source is itself being compromised, as the disinformation apparat knows who the source talks to, and targets us through that source accordingly. Again, we have pretty good filters, but while the fog remains dense, hazards remain.

• Secondly, it should be recalled that these US criminal operatives never imagined, in their worst nightmares, that there would ever be any opposition. They thought that the funny fraudulent money bonanza would continue for ever. They had got away with murder for so long that they thought they were immune. Indeed, they imagined (and a tiny proportion of them still do) that the clock can be turned right back to before 10th-12th September 2008, i.e. to dirty business as usual. These people cannot believe that anyone has stood up to them and that their time is up.

It follows, therefore, that what we have all been observing (and recording) is an INCREMENTAL operation, a salami tactics process of attrition. Impatient armchair observers may demand instant results. That is absurd. After all, we are confronting the worst outbreak of organised, revolutionary Fraudulent Finance since Lenin and Stalin engaged in criminal financial operations against the Russian Government before 1917, when Stalin started out with his raid on the Post Office in Tbilisi, Georgia (1906), and relieving it of a large quantity of state bonds.

Does that by any chance sound familiar?

And we are observing the exposure, on a monumental scale, of precisely the same kind of base criminalist behaviour that the old Nazi Gauleiters presided over in Grossdeutschland during the Second World War – when the Rule of Law collapsed and the Gauleiters took the law into their own hands, seizing assets by force and mass-murdering their owners for self-enrichment purposes. This theme is developed in the current issue of Global Analyst [Volume 3, #3].

• Thirdly, the Bush/Greenspan criminal technique deployed all along has been to dangle the prospect of great riches in front of the noses of ordinary men and officials, against a contextual background in which an ‘everyone is doing it’ collapse of ethical standards came to prevail.

This proved to be highly ‘successful’, as the myriad Ponzi operations against Americans who forgot about the Prudent Man Rule have shown – enabling the directorate of these scams, headed by the DVD serpent and its Mossad collaborators themselves, to steal the principal invested by the Ponzi victims and then to orchestrate what must surely be the most cruel and cynical agitprop operation to keep such victims guessing, ever perpetrated by agents of a corrupt government against its own population. This cynical, deceitful agitprop operation continues to this day.

• Finally, as noted above, the criminalists never imagined that they would be confronted, let alone cornered. It is therefore a fact that they have NEVER recovered from being faced down. Contrary to appearances at times, they have remained perpetually on the defensive – so that every time they clambered up off the floor, they have been slapped down harder than previously.

As a consequence they have been dazed, walking around in confusion, unsure what nailed boot will descend on them next, unable to sleep soundly at night, fearful of the Day of Reckoning – and yet determined, given their criminal mentality, to continue their resistance to the inevitable: which is that they ARE being taken down, and they WILL (as we predicted a long while ago) be made to pay for what they have done. It just takes time and superhuman patience.

In the meantime, an orchestrated campaign of ‘Black’ propaganda against The Queen is being perpetrated by US cadres whose serial criminality and thievery has been exposed, and who find themselves having to face a reality they never thought could arise. This orchestrated campaign encapsulates the lie that the $6.2 trillion of sovereign LOAN money was a ‘replacement for’ the stolen $4.5 trillion referenced in earlier reports – whereas it had nothing to do with those stolen funds at all. As we alone reported, the $6.2 trillion was indeed placed into ‘lockdown’ on 10th-12th September 2008 and made inaccessible for illicit trading operations, as it had not been used for the purpose for which it was intended: namely the on-the-books Dollar Refunding Programme, which generates on-balance sheet, taxable accruals: whereas the financial terrorists who have been in charge are incurring $1.0 trillion of unnecessary Treasury debt per annum or more because they couldn’t bear the thought of the discontinuity affecting their Fraudulent Finance operations being made permanent, so that the huge speculative institutions will have to find something else to do.

The campaign to denigrate The Queen represents a desperate, and failing, ‘Black’ operation to try to confuse the issue by perpetuating the lie that the $6.2 trillion ‘replaced’ the $4.5 trillion, which was never the case. It is noted that this lie is being ‘shouted’ at us: in big black capital letters – on Goebbels’ principle that if a lie is repeated often and loud enough, it becomes fact.

• This childish behaviour has simply revealed how desperate and beside themselves these losers are, now that their duplicity and criminality has been faced down. They don’t know what to do, so they are shouting like naughty boys in a nursery where all discipline collapsed long ago.

THE PURGE TAKING PLACE TODAY WAS THWARTED IN 2007
Late on 21st November, after the Editor had reported the threat to burn our building down, we were told on the transatlantic line that every one of these perpetrators needs to be arrested, clothed in bright orange like Stanford, chained together, frog-marched in front of the world’s TV cameras (Links, Rechts, Links, Rechts, Links, Rechts, Links, Rechts) and publicly humiliated before being herded under US military conditions to one of the multiple bleak Gulag concentration camp areas prepared for the US revolution, where the gates should be slammed in their faces while they are locked up in standing room-only cubicles where they can spend the rest of their diminishing days contemplating the life cycle of the North American cockroach and any other primitive form of life that may inhabit the latrines of the facilities in question.

This of course, should have happened two years ago. But the purge that started then, was aborted, as the Bush wing of the ‘Box Gang’ was still in power: as a consequence of which, the whole world was pushed to the brink of collapse, just as the US dollar faces collapse if this stupid resistance is allowed to continue much longer.

We are very confident (at the time of posting) that it won’t, because of the recent pattern of events which will now be explained to the best of our current knowledge, and because of the long delayed remedy which awaits implementation.

U.S. LOCOMOTIVE PLANT’S DELIVERIES TO CHINA ‘FOR FREE’
First, though, recall that following the libels perpetrated against the Editor of this service by the criminal disinformation operative Heneghan that had to be featured at the top of the preceding report, we added some outline details about an order received by a GE Transportation plant in Pennsylvania for 300 locomotive kits. China now owns 47% of the United States’ total debt.

This Lawrence Park Township and Grove City locomotive manufacturing plant owned by General Electric Company is engaged in completing 1,480 layoffs, announced at the end of September, by the end of this month. The order from China, confirmed on Monday 16th November (i.e. during Obama’s trip to China) for 300 locomotive ‘kits’ (consisting of high-value components such as the control systems) following an order placed by China in 2005 for a similar number of ‘kits’, reflects inter alia the Chinese demand for concrete deliveries, for redemption against a proportion of the (now worthless) derivatives junk in which GE specialised (as reported when we were analysing the methodology underlying the Fraudulent Finance crisis).

In other words, the Chinese, owners of 47% of the US (corporate) debt, have asked the Americans, in this instance, to manufacture and supply the ‘brains’ for a batch of 300 Evolution Series China Mainland locomotives – effectively for ‘nothing’.

Instead of GE’s junk derivatives paper being redeemed in ‘real’ dollars, in which China is drowning, the shrewd Chinese, who being America’s biggest creditor, hold the whip hand (as well as the Writ of Execution and the lien: see below), have demanded practical railway hardware.

How will the US GE plants be financed while this manufacturing order is being fulfilled? Answer: Finally, via ‘stimulus money’ (which hasn’t been distributed yet, as the official criminals were using it for their ‘platform operations’). ‘At the present time, we are still holding out a lot of hope from the stimulus’, Jim Fifer, President of Local 506 of the United Electrical, Radio and Machine Workers of America, told the local press on 17th November 2009 (1).

WRECKAGE PERPETRATED BY A SMALL CLIQUE OF FINANCIAL TERRORISTS
The foregoing shows the extreme consequences of the bovine resistance of a few arrogant US operatives elevated far above their capabilities who appeared, at this writing, STILL not to have understood that their resistance to the inevitable is now futile.

Because we have it on impeccable authority that the decision has now been taken to expose the criminality, and for the resistance to be crushed. As we aren’t in the driving seat, obviously we can’t prescribe how this should be done (our preference would be as described above). But we expect the exposures to be absolutely devastating, and that they will hit these people between the eyes when they weren’t expecting it – as usual. They never expected ANY opposition.

REVIEW OF RECENT EVENTS IN THE LIGHT OF SUPPLEMENTARY INFORMATION
So let us now review what has happened – just over two years after Citibank was comprehensively exposed by this service as a criminal enterprise [see Archive].

And the first place to start is to recall that, as stated at the top of the report dated 12th November, with effect from one minute past midnight on Monday morning 9th November (9/11), the US military were placed on high alert.

The reason for this alert became apparent on Veterans’ (Armistice) Day, 11th November 2009, when violence erupted at the huge Fort Hood military territory in Texas, just 30 miles or so from George Bush Jr.’s ranch at Crawford. As our subscriber and correspondent, the Texas attorney who works with Fort Hood, testified in his correspondence to the Editor, events on that occasion did not ‘add up’ at all. His testimony will be found in the report dated 12th November [see Archive].

That was the date by which the Chinese parties were to have exercised their lien on the American Treasury, the Federal Reserve and the White House, in accordance with their World Court authority to do so. The holder of a Writ of Execution can effectively ‘wave the Writ’ in front of the delinquent creditor by way of a threat, forcing the issue without in fact proceeding with the Writ of Execution or lien, although it retains the power to do so. This obvious consideration raises the question: was the Writ sequence a sort of decoy, while other ‘remedies’ were being finalised?

CHINESE CONTINUE TO HOLD THE WRIT AND LIEN IN RESERVE
The answer to that question is both Yes and No. The Chinese parties continue to hold the Writ of Execution and the lien and remain conspicuously in charge of proceedings, to the humiliation of the criminalist idiots who have been cornered due to their own self-interested greed and the lust of the corrupt elements within the US Intelligence Power for independent sources of funny money to fund its Black Operations and other disruptive initiatives around the world ostensibly on behalf of the Executive Power and the energy corporations, but in reality on behalf of itself.

Having long since usurped total power in the United States (recall our metaphor of the three flanks of the Power Pyramid), the Intelligence Power refuses to relinquish its control; so an international showdown (predicted by this service) became inevitable. The first international violence phase of this showdown occurred at Fort Hood on 11th November 2009.

FORT HOOD OPERATION TO RECOVER BOXES ‘SUCCESSFUL’
As we were able to report in the preceding presentation, a Chinese secret police representative has confirmed that the Fort Hood operation was ‘successful’ from their perspective – a fact that has subsequently been reconfirmed to us by other reliable sources. This means that, as we know, the Chinese successfully retrieved the currency boxes that had been held under guard at Fort Hood for the past 15 years.

COLLABORATION OF THE U.S. MILITARY WITH THE CHINESE
Self-evidently, the Chinese cadres could not have achieved ‘success’ without the cooperation of the US military at Fort Hood – indicating a ‘sudden’ community of interests between the Pentagon and the Chinese parties (as well as with the British Monarchical Power) in the grim context of the decisive thrust of the Writ of Execution and the Chinese lien over the US Treasury, the US Federal Reserve, the White House and a vast swathe, by extension, of the financial and real economies – arising entirely as a consequence of the serial and endless criminality of successive arrogant US Administrations, the obtuse insistence of the Intelligence Power in seeking to retain its previously unchallenged ability to generate vast funny money resources enabling it to retain its hegemony over the Government: and giving it the illicit resources with which to intermeddle catastrophically all over the world, where its successive botched operations on behalf of the White House and the energy corporations have wreaked havoc everywhere, so far with impunity.

THE DOUBLE CARTEL OIL PRICE-RIGGING MECHANISM
The US Intelligence Power’s hegemony all these years has been attributable to a combination of penetration of the CIA by DVD (Nazi Abwehr) cadres and to the scamming requirements of the US energy corporations, which operate a price cartel behind the cover provided by the ‘front’ cartel, The Organisation of the Petroleum Exporting Countries (OPEC), which was created at the Baghdad Conference held on 10th-14th September 1960, by Iran, Iraq, Kuwait, Saudi Arabia and Venezuela.

The five founding members of OPEC were later joined by nine other participants: Qatar, 1961; Indonesia, 1962 [suspended January 2009]; Socialist People’s Libyan Arab Jamahiriya, 1962; the United Arab Emirates, 1967; Algeria, 1969; Nigeria, 1971; Ecuador, 1973 [suspended December 1992 to October 2007]; Angola, 2007; and Gabon, 1975, 1994. Russia has for a number of years operated within OPEC with ‘observer status’.

The OPEC cartel provides cover, as indicated, for the oil corporations, which cannot rig prices domestically in the United States due to strong anti-monopoly laws. So, as is the case with almost every abuse perpetrated by the US Intelligence Power and its masters, they sought to establish a means of rigging prices externally. This operation was completed by US Treasury Secretary William Simon’s achievement, brokered by the triple agent and DVD chief Dr Henry (Heinz) Kissinger in June 1974, when the denomination of all oil invoices in US dollars was ‘confirmed’ – while special arrangements were reached with the US Treasury for ‘add-on’ US Treasury securities to be made available off-market for absorption by the monetary authorities of the oil-producing states, such as the Saudi Arabian Monetary Agency (SAMA).

In the 1970s, our financial journal International Currency Review exposed this accord as the secret Saudi-American Agreement: and it is this precedent which underlies the subsequent catastrophic institutionalisation of the one-way debt escalation system which is about to be put into reverse with the imminent new US Dollar Refunding Programme arrangements.

PRICE-RIGGING THROUGH THE INTER CONTINENTAL EXCHANGE
To buttress the somewhat ‘unreliable’ oil price-rigging mechanism operated by the oil corporations behind the cover provided by OPEC, a new price falsification mechanism was established in 2000 by Goldman Sachs, Morgan Stanley, British Petroleum, Total, Shell Oil, Deutsche Bank and Société Générale, called the Inter Continental Exchange (ICE). This is an online commodities and futures virtual marketplace which exists outside the United States and operates, like the two oil cartels themselves, beyond the constraints of the US anti-monopoly and anti-cartel legislation.

Following a Congressional investigation in 2003, the ICE was found to be facilitating ‘round-trip’ trades – in which one firm sells energy to another, whereupon the second entity sells the same amount of energy back to the first corporation, at the same time and at exactly the same price. Although no commodity ever changes hands, the transactions send signals to the market, falsify the price structure, and artificially augment corporate revenues: CARTELISED SPECULATION.

• Under overt Communism and in places like revolutionary Iraq and Iran, speculators used to be hanged from lamp posts or specially erected gibbets, as used to happen in mediaeval England.

When Congress investigated a firm called DMS Energy, the corporation admitted that 80% of its trades in 2001 were ‘round-trip’ trades, which meant that 80% of its trades in that year were false trades. No oil changed hands, but balance sheets showed ballooning revenues. The expert analyst Philip Davis, who has exposed this recently, says that the purpose of these trades (apart from padding balance sheets) is to inflate commodity prices.

According to Davis. After the ICE had turned commodity trading into “a speculative casino game where pricing was notional and contracts could be sold by people who never produced a thing, to people who didn’t need the things that were not produced”, Goldman Sachs were able to triple the price of commodities in the space of five years. At the present stage of the massively contracted world economy, oil prices have RISEN – despite a very sharp fall in consumption. In other words, a parallel virtual scamming operation has developed in the commodity markets, operating in parallel with the Fraudulent Finance scams that we have been reporting on for years.

THE REAL ECONOMIC COLLAPSE IN NUMBERS
It makes no sense, of course, for oil prices to rise when demand implodes – as has been the case worldwide. This is obvious from a glance at export and import data. Over the year to the second quarter of 2009, exports by VOLUME contracted in the following listed countries by the proportions shown after the name of each country:

Austria, – 17.2%; Belgium, – 18.7%; Canada, – 18.4%; Czech Republic, – 16.6%; Denmark, – 13.5%; Finland, – 30.2%; France, – 12.9%; Germany, – 18.6%; Greece, – 10.9%; Hungary, – 14.1%; Italy, – 23.9%; Japan, – 29.2%; Mexico, – 24.3%; Netherlands, – 12.2%; Norway, – 8.9%; Poland, – 13.4%; Portugal, – 17.1%; Spain, – 15.7%; Sweden – 15.2%; Switzerland, – 15.8%; United Kingdom, – 13.0%; United States, – 15.0%.

Obviously, a similar picture was reflected in collapsing imports of goods and services by volume. Against the background of such coruscating data alone, there is no way that oil prices could have risen without a price falsification operation. The same happened, notoriously, in 2008.

U.S. MILITARY AT FORT HOOD ACTED IN ‘NATIONAL INTEREST’
The US military elements that collaborated with the Chinese secret police et al. at Fort Hood did so plainly ‘in the national interest’, given that the Chinese authorities held, and continue to hold, the whip hand given their possession of the Writ of Execution and their prospective lien on the US Treasury. For their part, the Chinese were also working in the US national interest, as well as in their own and the international interest, in bring this crisis to a head, inter alia at Fort Hood.

BOEING FLEET FLOWN TO CHINA TO COLLECT MORE BOXES
Meanwhile, when Barack Hussein Obama appeared in Alaska on veterans’ Day, Air Force One was joined by three or more cargo Boeing aircraft, which we are told took off from Fairbanks en route to China ‘with’ the President’s aircraft. These cargo planes reportedly (as has since been confirmed by several sources to us) collected further heavy boxes containing currency, gold coins and other assets in China which, together with the 1933 and 1934 US currency boxes that were retrieved from Fort Hood, where the Bush Sr.-led ‘Box Gang’ had managed to keep them under guard since they were originally stolen 15 years earlier – in 1994 – were to be merged to provide the backing for the US dollar under the new, reformed settlement that is in the process of being implemented.

These facts alone confirm that the ‘Box Gang’ may have been defeated – a development enhanced by reports (which, again, have since been separately confirmed to us) that Mrs Hillary Clinton, the US Secretary of State pro tem., ‘rolled over’ on the Bushes and possibly on others (including her CIA husband?), as a consequence of which she appears temporarily to be ‘off the hook’ (but she probably shouldn’t count on that remaining the case for long).

BUSH SR. ‘ALLOWED’ TO FLY TO GERMANY: FOR A REASON
As previously reported, George Bush Sr., was ‘allowed’ to travel to Germany (having been given back his passport for the purpose), where he hob-nobbed with his partners-in-crime, the former Soviet President Mikhail Gorbachëv, former Chancellor Helmut Kohl (in a wheelchair), and Joseph Ackermann, CEO of Deutschebank, all of whom are ‘partners’ in Barrington Group Investments, AG, now known as Deutsche AG, of St Gallen, Switzerland (Marc Rich, aka Hans Brand territory).

The occasion of the 20th anniversary of the ‘fall’ of the Berlin Wall was the pretext that provided cover for this trip, which was ‘allowed’ so that distributions and bribes that Bush Sr. was evidently known to be intending to order, with the assistance of Ackermann and other German (DVD) banking associates at institutions such as Dresdner Bank, could be intensively traced, and the Bush assets thereby traced to accounts in the Caribbean could be seized (as reported).

Some of these bank accounts were identified earlier in facsimiles of transactions for George Bush Sr. published in International Currency Review. There are new, unconfirmed reports of US Boeing flights from Colombia to Switzerland, which are believed to be connected with the removal of Bush-linked drug-trafficking proceeds and ‘assets’ from that corrupted country to Swiss ‘safekeeping’, a further development which obviously begs many highly disturbing questions, if these reports are confirmed. For the time being, this unconfirmed development would appear to be another phase of the same operation, which presupposes the wholesale dismantling of Bush Sr.’s power and control, although even that deduction remains uncertain at this juncture. It’s possible that this ‘dismantling’ may be in process, with his ‘agreement’: in other words, that a sordid deal has been struck.

It was established almost immediately after the violence at Fort Hood that Mr George Bush Sr. was present on-site. We also published a report originating with the Los Angeles Times that George W. Bush made a hurried ‘secret’ visit to Fort Hood from his Crawford ranch on the day of the violence, and that Bush Jr. and his wife Laura paid a further visit to Fort Hood on the following day.

We asked the rhetorical question: has George Bush Sr. been horizontalised – given that several informants indicated that this was the intention. We also pointed out that experience had shown that whenever such a possibility has been mooted, it tends to be standard deception practice for the individual concerned to surface a few days later – usually in a ‘humanitarian’ context. This is exactly what happened, when Bush Sr. ostensibly appeared, complete with his walking stick, at a ‘charity event’ in Indianapolis. We have been advised on good authority, nonetheless, that the question of whether Senior has been horizontalised or not, remains ‘up in the air’.

• The CIA operates an arrangement with Hollywood specialists which is believed to function like an employment agency, with look-alikes kept on the books ready to be rented out for ‘double’ work at high fees. These arrangements are supplemented by the make-up skills of a handful of Hollywood make-up specialists. However we ourselves do not waste time in speculation concerning ‘doubles’ unless the deception appears obvious, as on that hilarious occasion when a Cheney appeared on a platform wearing a ten-gallon hat so that his features could not be seen clearly.

THE WORLD WAR II GERMAN BONDS HELD AT FORT HOOD
Bush Sr.’s involvement all along, beyond his financial criminality generally, has been associated in part with the known existence at Fort Hood of closely guarded German World War II ‘reparations’ bonds, which we understand that the United States ‘will never seek to redeem’.

This was certainly the ‘line’ a few years ago. It is interesting to speculate whether, given the now drastically altered situation, some arrangement might have been implemented behind the scenes whereby the colossal overhang of derivatives held for instance by Deutsche Bank, Bush Sr.’s main ‘trading partner bank’, may have been redeemed against repatriation of some or all of these bonds. If so, that would of course mean that the US Treasury is stuffed beyond the gills with ‘its own’ worthless derivatives trash – making the urgent provision of new backing for the US dollar indispensable in order for a collapse to be avoided.

The Chinese were able to pull off Fort Hood with the cooperation of elements of the US military because in so doing the exercise of their lien on the US Treasury, the Federal Reserve, etc, was sidestepped – while at the same time, the Chinese continue to hold this lien in reserve, to ensure completion of the operations to the satisfaction of all parties – with the exception of the diehards at the US Treasury, the Federal Reserve, Citibank, the CIA and elsewhere who appear not to have realised, as late as last week, that the game is up. In other words, the completely demented Obama-Geithner-Bernanke attempt to continue the off-balance sheet, untaxed, illicit Fraudulent Finance carousel, long after the discontinuity of 10th-12th September 2009, has run into the sand.

OBAMA AND CLINTON COULD NOT HAVE TRAVELLED TO CHINA OTHERWISE
Manifestly, too, Mr Obama and Mrs Clinton could not possibly have travelled to China if these arrangements were not in hand, pre-arranged, and guaranteed to be ‘successful’, as the Chinese secret policeman revealed. That consideration alone makes it clear that this ‘resolution sequence’ was a carefully planned operation from the get-go – which has in fact transformed the situation – not least given that the ‘Box Gang’ impediments appear to have been removed. We were informed over the weekend of 21st-22nd November that all impediments to the payments due to the CMKX victims also appeared to have been removed (but CMKX victims and parties must investigate this matter for themselves and not rely on this statement, even though we believe it to be correct).

Yet notwithstanding all this, following Barack Obama’s return from China, when he was able, we believe, to give the ‘all-clear’, further resistance to the settlements was encountered from the US Treasury Secretary, Mr Geithner, who was loudly urged by Congressmen to resign from his post. This was significant, as sources had informed us that the Chinese had lectured Mr Obama on the need for ‘heads to roll’: the way it was put to us by several sources was that ‘the Chinese want prominent figures to pay for this’.

CONGRESSMEN APPEAR TO TAKE THEIR CUE FROM THE CHINESE DEMAND
As if like clockwork, The Wall Street Journal reported on 19th November that the TEXAS Republican Kevin Brady, a pillar of the ‘conservative right-wing’, cross-examining the US Treasury Secretary Mr Timothy Geithner at a Joint Economic Committee hearing in Congress, had informed the Treasury Secretary that Republicans, Democrats and indeed the American people had lost confidence in Mr Geithner: would he please now resign? Mr Geithner retorted: ‘It is a great privilege to serve this President. I agree with almost nothing you said’. He then tried to blame the Republicans for the mess that he himself has immensely exacerbated: ‘You gave this President an economy falling off the cliff’. Quite so Mr Geithner: but YOU have made it far worse by attempting to rescue the deficit-financing model so that the illicit Fraudulent Finance carousel can continue.

The exchange got nastier:

Brady: ‘Remind me, Mr Secretary, what post were you holding when President Obama took office?’

Geithner: ‘I was the President of the Federal Reserve Bank of New York’. [Unstated: ‘… where I presided over the accumulation of a colossal overhang of now worthless derivatives ‘assets’ that are nominally ‘worth’ over $500 trillion [probably much more: Ed.] which I’m trying to ‘save”].

Mr Brady then accused Geithner of ‘shirking responsibility for the design of this bailout’.

Later the same day, Oregon Democrat Peter DeFazio, a ‘progressive’, accused Geithner of paying more attention to Wall Street than to Main Street, during an MSNBC interview with Ed Schultz. He ended by calling for both Larry Summers and Geithner to be fired. The point of mentioning all this is that these interventions ‘just happen’ to have followed a known Chinese demand, during Obama’s visit, for senior scalps to be seen to be removed from the heads of their wearers.

OTHER PROMINENT OPERATIVES SAID TO BE ‘ON THE SKIDS’
In addition to the likelihood that Geithner will have to go, we are also being told that Mr Rahm Emanuel, the Mossad Irgun Chief of Staff at the White House, and others, may be removed, as may Leon Panetta, the CIA’s Director of Central Intelligence, who ‘works with’ Rahm Emanuel.

These criminal finance terrorists have all passed their sell-by date, having tried to perpetuate the debilitating Fraudulent Finance and debt-financing carousel against the interests of the American people, the US Republic, the defrauded Chinese, the scammed British Monarchical Power, other sovereign scamees, and the international community, which has faced the prospect of the outright collapse of the US dollar system. Whether the secret Fascist intention all along was to collapse the international financial system in order to enable the criminalist clique to buy up the entire world’s resources and assets at firesale prices, will probably never be known.

DESPICABLE AMERICAN TREATMENT OF ITS ‘CLOSEST ALLY’
Certainly the behaviour of the US military during this crisis has been fully consistent with the Nazi Fascist mentality, as was leaked via The Daily Telegraph on 23rd November 2009 (3), in a front page report revealing the antagonism, contempt and tensions prevailing between the British military and the Americans in the Iraqi theatre. Immediately ahead of the Chalcot Inquiry which started on 24th November (in London) into the Iraqi conflict, classified documents were leaked to the newspaper, in which the British Chief of Staff in Iraq, J K Tanner, had described his American military counterparts as ‘a group of Martians’ for whom ‘dialogue is alien’.

The British Chief of Staff in Iraq thereby confirmed our long-held assessment that the hyped, so-called ‘special relationship’ between Britain and the United States is treated with utter contempt by the conspicuously failing so-called ‘sole superpower’, by adding: ‘Despite our so-called ‘special relationship’, I reckon we were treated no differently to the Portuguese’.

The unspeakable Nazi mentality (see Heneghan) is never, ever wrong, and is ready at all times to justify or cover up iniquity by spewing out further lies, creating what we have described in the past as an ‘inverted pyramid’ of lies which grows so tall that it has to be propped up on either flank by scaffolding that eventually collapses along with the inverted pyramid itself (which is exactly what is happening in real-time ‘as we speak’). Another feature of the Nazi mentality is that it cannot abide being shown to be in error: since the Nazi mentality is permanently right, infallible like the Pope, it can never make mistakes: so to point out the error of its ways is a monstrous usurpation, a slur on its integrity and an abomination worthy only of permanent excoriation.

Colonel Tanner’s superior, Major General Andrew Stewart, the senior British Commanding Officer in Iraq, described in the documents how he had to spend ‘a significant amount of my time’ ‘evading’ and ‘refusing’ arrogant orders from his US superiors.

On one occasion, after he had refused to obey an order, the British Ambassador in Washington, Sir David Manning, was summoned like a naughty schoolboy to the American State Department for a diplomatic reprimand of the kind usually delivered to ‘rogue states’ such as Zimbabwe or Sudan. Since, of course, the United States has reduced itself, given its illegal and barbaric behaviour, to the status of a ‘rogue state’, the irony of such behaviour requires no elaboration.

Such frank statements were made during official debriefing interviews conducted by the British Ministry of Defence with Army commanders who had just returned from Operations Telic 2 and 3, conducted between May 2003 and May 2004. With the sensitive Chilcot Inquiry starting on 24th November, a set of classified transcripts of the interviews, along with ‘post-operational reports’ by British commanders, mysteriously arrived in the hands of the British newspaper, which has made a name for itself by specialising recently in investigative exposures.

General Stewart thought that ‘our ability to influence US policy in Iraq seemed to be minimal’. Incredibly, there was not even a secure communications link between his Basra HQ and the US Commander, General Rick Sanchez, in Baghdad. Colonel Tanner said that ‘Sanchez only visited us once in seven months’ adding that he himself only spoke with his own US counterpart at the US Corps HQ in the Green Zone once over the same period. British commanders said, too, that they were not even told, let alone consulted on, major switches in US policy (which were happening all the time) that had significant implications for the British military and their troops.

Thus, when the Americans decided to arrest a key lieutenant of the Shi’a leader Muqtada al-Sadr, which triggered an uprising throughout the British sector, ‘it was not co-ordinated with us and no one was told that it was going to happen’, according to Brigadier Nick Carter, senior British field commander at the time. ‘Had we known, we would at least have been able to prepare the ground’. Instead, ‘the consequence was that my whole area of operations went up in smoke, as a result of coalition operations that were out of my control or knowledge’.

Colonel Tanner elaborated: ‘The whole system was appalling. We experienced real difficulty in dealing with American military and civilian organizations who, partly through arrogance and partly through bureaucracy, dictate that there is only one way: the American way’.

• For ‘American’ here, read: NAZI.

‘We managed to get on better with our European partners and at times with the Arabs than with the Americans. Europeans chat to each other, whereas dialogue is alien to the US military. Dealing with them corporately is akin to dealing with a group of Martians. If it isn’t on the PowerPoint slide, then it doesn’t happen’.

BRITAIN SHOULD EXTRICATE ITSELF FROM U.S. ENTANGLEMENTS
Of course this leaked anecdotal information further confirms our assessment that while the Americans wallow in the consequences of their serial criminality, their so-called ‘closest ally’, Britain, should extricate itself from their influence as far as this is practically possible.

When this was suggested to an associate (whom the Editor has had to reprimand for her non-stop subversive criticism of Barack Obama who, whether we like it or not, occupies the position that he occupies – just as the criminal Bushes and Clinton did before him), she retorted:

‘That’s just what Obama wants’.

To which the straightforward answer is as follows: we cannot be dragged down indefinitely by a criminal, rogue régime which thinks it can behave like Hitler and allows its Intelligence Power and Military Power to rampage around the world wreaking havoc everywhere.

The United States is paying and will continue to pay for its failure to curb and bring under control the criminalised elements within the Intelligence Power, and for its arrogance in assuming that it can do as it likes in a world that does not consist exclusively of Americans.

The American people, in this veteran Americanist’s experience, are the most generous and loyal friends on earth. But their government and its criminal structures ‘suck’, and they have behaved abominably on the world stage for decades. The arrogance of their official structures is beyond intolerable; and as we can see, even elements within those structures now recognise that things have gone too far. This is the beginning of a long and bumpy road towards US recovery: but as for the ‘moral high ground’, that has been forfeited for ever.

THEMES WE PIONEERED ARE BECOMING MAINSTREAM NOW
It is evident that many of the themes that we have espoused in these reports are now becoming accepted long after we first espoused them. For instance, as indicated above, not only is the so-called ‘special relationship’ now, at last, questioned by the British military, but so is the intolerable position that our military forces have been catapulted into generally.

We refer to the sterile ‘internationalisation’ of military power – invariably in pursuit of a SECRET internationalist agenda which has little to do with the British national interest (although Britain has no national interests, as they have all been ‘collectivised’, in theory, within the fake parallel (and illegal: see below) governance system that we refer to as the European Union Collective).

The New Underworld Order prescribes that national military power is collectivised in order to advance the interests of the promoters of the ‘One World’ agenda, which is of course leading the whole world into chaos. British forces, paid for by the taxpayer, exist exclusively to provide the British people and the nation’s assets with military power and defence. They do NOT exist in order to pursue an internationalist agenda, which has been the case since NATO was hijacked for this purpose amid much pomp and circumstance in the 1990s.

UK MILITARY POWER SHOULD BE USED ONLY IN THE NATIONAL INTEREST
Britain should make it clear both to the Americans and to NATO that it’s military power will be deployed in future exclusively in British national interests, and that the British people will be informed of the national interests that justify that deployment.

This is one of the issues underlying the Chilcot Inquiry into Britain’s participation in the Iraq War, which has the potential to add to the rolling exposures of the criminality already taking place.

Of course, since the UK civil servants and other ‘experts’ who will be participating in this Public Inquiry are likely all to be fully paid-up members of the discredited internationalist clIque, this theme will probably remain a sub-text of the investigations.

Even so, the ludicrous anomalies and lengths to which the Blair Government went to disguise the purposes of the Iraq invasion to the British people, will be laid bare for all observers who are not sitting on their brains, to see for themselves. What needs to follow this Inquiry is a comprehensive reappraisal of Britain’s military role. In this connection, all emotional issues must be set aside. The sole criterion must be that stated above: Britain’s military will NOT cooperate in ANY venture which does not DIRECTLY serve British national interests, whatever the consequences.

BRITISH GOVERNMENT AT LAST STARTS MOVE TOWARDS AFGHAN EXIT
This of course brings us to Afghanistan. Although our letter to the Ministry of Defence requesting an explanation for British military participation in Afghanistan was contemptuously ignored, and our warning that if the letter was ignored we would be compelled to assume that our assumption that we are in Afghanistan to control and exploit the heroin trade (whatever other new pretexts may be wheeled out at any time) is correct, there has since been conspicuous ‘movement’ on this score.

Specifically:

• On 14th November, Gordon Brown, the British Prime Minister, pronounced that British troops could not stay in Afghanistan for ever. Speaking in a BBC Radio 4 interview, Mr Brown said: ‘You cannot be an occupying army for ever. Our strategy will be Afghan control over their own affairs. That will take some time but then British troops will start coming home’ (4).

• Peter Hain, the Welsh Secretary, in an interview with The Times, London, on the same day, called for ‘greater clarity’ over Afghanistan. ‘We need to get a grip on it’ (5). Thank you, Mr Hain. We asked the Ministry of Defence for ‘clarity’ in the summer of 2008 and got no answer.

The public would not, Peter Hain added, tolerate a long campaign. Of course, what these cynical UK Ministers have been worried about is the constant parade of funerals in pretty Wiltshire villages and coffins for burial, which make the front pages almost every time nowadays – sending a signal to the Government that enough is enough. All that Ministers care about, of course, is perceptions: and what the public perceives is that a large number of young British soldiers are dying for a cause that has never been explained to them. Of course it hasn’t.

INTERNATIONALIST AGENDA HIJACKS NATIONAL POWER
Because Afghanistan is another example of the internationalist agenda hijacking Britain’s military power for its own purposes. But in fact it’s worse than that. What has in fact occurred is that the internationalist power-projection agenda over which NATO waxed so proud in 1990 has itself been hijacked – in pursuit of secret US oil and drug-running agendas masquerading as international peacekeeping. Several of our publications distributed from London on 20th November 2009 carry that photograph of a US soldier guarding a poppy field. In the somewhat obscure background to that prhotograph, we discovered, under a printer’s eye-glass, that the heroin poppy field shown was surrounded by a tall breezeblock wall. This made it clear that the poppy crop, or some of it, is being grown in closely guarded, walled fields. Why is this happening?

OFFICIALLY CONDONED CRIMINAL OPS. IN AFGHANISTAN
Because the Dark Forces ‘need’ the drug-trafficking proceeds to ensure the continued liquidity of the interbank market – as confirmed by the head of the Vienna-based United Nations Office on Drugs and Crime (UNDOC), Antonio Maria Costa, in his interview with the Austrian journal Profil in January 2009 that we have ‘profiled’ numerous times this year.

Do the likes of Gordon Brown and Peter Hain know this? If they don’t, they are incompetent and in dereliction of their duty of competence in serving the British people.

If they do, they are co-conspirators and accessories to the fact of GENOCIDE, as profiting through drug-trafficking is GENOCIDE. Because the British Ministry of Defence refused to respond to the Editor’s letter, it is clear that the British Government is engaged, and not only in Afghanistan [see below], in criminal operations, which is a state of affairs that cannot be tolerated.

• A former Foreign Office Minister, Kim Howells, has stated that British troops should be withdrawn (6). Given that British troops are dying in order to assist the criminalised American Military and Intelligence Powers with their drug-trafficking agenda, we agree. It should happen NOW.

• Nick Clegg, leader of the Liberal Party, has added his voice to suggestions that the British Government’s Afghanistan policy is unsustainable (7).

Of course it is. Note, however, that NO REASONS have been given by the personalities on the public stage who have started to acknowledge that our questioning of the Afghanistan policy is justified. This is because of the dangers they all face in having themselves aided and abetted a criminal operation to enable the US Military and Intelligence Powers to take over, control and exploit the Afghan heroin poppy trade.

These dangers are increasing daily for them, as this entire gigantic edifice of corruption crumbles, and especially when they start to see top people being dragged before the Chilcot Inquiry into the background to the Iraq War. Quite rightly, they anticipate that a precedent has been set for a similar public investigation into Britain’s participation in the war in Afghanistan,

U.S. STATES’ FINANCIAL CRISES, AND BIDEN’S CAR CRASHES
Before we turn to developments in the ‘European theatre’, we can usefully place two publicised developments in the United States on this record:

(1): The financial crises in Pennsylvania and California attributable in part to the hijacking of the stimulus money for illicit ‘platform trading’ operations by the crooks at the US Treasury, have been replicated in the following States, according to the Pew Center: Arizona, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island and Wisconsin. In California, State agencies issued IOUs earlier this year to try to pay their bills. A number of institutions refused to redeem the bills.

(2): Vice President Joseph Biden’s transportation cadres have been engaged in a series of ‘accidents’ in recent weeks. Specifically:

• At about 2:30 am on Wednesday 11th November 2009 two US Secret Service armoured vehicles used to protect Vice President Joseph Biden struck and killed a pedestrian in Temple Hills, at the intersection of Suitland Parkway and Naylor Road, according to US Park Police (that’s right, the outfit that ‘botched’ the investigation into the ‘suiciding’ of Vincent Foster, you will recall).

The unnamed adult male pedestrian was then transported to Prince George’s Hospital Center in Cheverly with multiple critical injuries, and was pronounced dead shortly thereafter. The vehicles are part of a fleet used to protect the Vice President, and were used to convey Mr Biden during a visit to Fort Lewis, Washington State. The vehicles had been airlifted by military planes back to Andrews Air Force Base, and were heading back to a garage at the time of the incident.

The Veep had travelled to the state to attend a memorial service for seven US soldiers who were killed in Afghanistan on 27th October in a vehicle (8). The troops died, of course, in the line of duty (assisting the criminalised Military and Intelligence Powers to annexe, control and exploit the huge heroin crop, so that more of the troops’ fellow Americans will die, too).

Biden was reported to have returned to his residence at the US Naval Observatory much earlier and was not involved in the incident. The identity of the victim was withheld.

• On Monday 16th November, according to the Albuquerque Journal, a Bernalillo County Sheriff’s Deputy escorting Vice President Biden’s motorcade hit a pedestrian (9). Mr Biden was said to have been in Albuquerque for a $1,000-a-plate luncheon for first-term Democratic Party Representatives at the city’s Hotel Andaluz. The reports on this incident were confused, but centred on allegations that a woman drove around police vehicles blocking an intersection and collided with the Deputy’s car. Albuquerque has been the scene of similar incidents before.

In August 2007, a Rio Rancho motorcycle officer who was part of President Bush’s motorcade died in a collision, and another officer was injured during a motorcade in February 2006.

• On Tuesday 17th November, two NYPD officers assigned to Vice President Joe Biden’s advance security team were hurt in a crash at about 5:30pm in Manhattan, and one other person was hurt in the incident. Three police vehicles – a marked police vehicle, an unmarked car and a bomb squad vehicle – were moving westbound on 49th Street, crossing 10th Avenue. The marked car blocked the intersection with its lights and sirens on, for the other two vehicles to cross. A New York City livery cab didn’t stop (according to the NYPD) and was then hit by the unmarked police car. The passenger in the cab was not hurt, but the cab driver was taken to hospital with neck and back injuries, while two police officers were also taken to hospital for minor injuries.

As for the Veep, he was travelling to appear on ‘The Daily Show with Jon Stewart’. He wasn’t near the accident and wasn’t hurt.

THE UNDERLYING REASON FOR THESE ‘ACCIDENTS’
We find Vice President Biden, if anything, even creepier and more sinister than his predecessor, the MK-ULTRA apparatchik and notorious Financial Terrorist, Richard B. Cheney. Two serious traffic accidents in two days, and three within a week, suggests that something’s ‘not quite right here’. Let’s consider what the problem could be.

The answer suggests itself almost immediately. Why is it necessary for the holders of the highest offices in the United States to be driven around in armoured vehicles, and at high speed in built-up areas? The cover answer, of course, will invariably be: to protect them against terrorist attack and assassination (given the Kennedy precedent). But another explanation, hidden behind this knee-jerk response, is this: these people are crooks and terrorists themselves.

Crooks involved in organised crime are in constant danger of horizontalisation.

This much was crystal clear when former President George W. Bush appeared in London for an official visit. A vast army of arrogant American intelligence officers, snipers, SWAT team specialists and other thuggists took over parts of London. What an advertisement for ‘democracy’!

BLAIR NIXED AS EUROPEAN PRESIDENT BY KISSINGER’S PAL
While the resolution of the dollar and settlements crisis appeared to be coming together amid extreme ongoing tension behind the scenes [see above], developments in Europe have shed an interesting light on the European head of the two-headed serpent directed against the ‘Main Enemy’, Britain and the United States.

As will be recalled, the former, discredited British Prime Minister, Tony Blair, was ‘pre-picked’ to become President of the illegal [see below] European Union Collective – a post that he sought with some desperation, not only because it would flatter his immensely inflated ego, but, more to the point, because it would provide him with the urgently needed protection that he needs in order to avoid arrest and indictment inter alia for war crimes, and probably for financial crimes as well.

In the event, the French and Germans – who ‘run’ the EU as a joint venture, under the terms of their Treaty of the Elysée of January 1963 which has no expiry date and requires the two powers to reach ‘an analogous position’ ahead of all international decisions and conferences with which they are involved – balked at the idea of the arrogant Blair (with his ‘star quality’) eclipsing them on the fake EU stage, although (see below) they had good reasons for their reticence. Instead of Blair and a host of other non-entities, they chose the Belgian Prime Minister, Herman Van Rompuy (11).

And what do you suppose is this previously obscure Belgian apparatchik’s ‘qualification’?

Why, he’s a friend of Dr Henry (‘Heinz’ or ‘Henny’) Kissinger – the triple agent serving as the DVD manipulator-in-chief and probable controller of George H. W. Bush Sr. (if he’s still vertical) – the operative whose unmatched arrogance is such that he has never bothered to correct his heavy guttural German accent, to this day.

• Geddit?

POINTEDLY TIMED QUERIES RAISED ABOUT BLAIR’S DEALINGS
Now, in order to ‘make quite sure’ that there was no chance of Blair being ‘elected’, care was taken by a British intelligence cadre, we think, to leak compromising financially-related information about the former British Prime Minister’s exotic business companies and partnerships. Specifically, on 15th November, The Sunday Telegraph reported that Blair had failed to register a highly complex Maxwell-style network of businesses with the Advisory Committee on Business Appointments (ACOBA), yet another watchdog or quango (Quasi-Government Enterprise) set up to monitor the propensity for former corrupt Ministers to cash in on their inside knowledge after leaving office.

It transpired that Blair established a network of entities called Windrush Ventures as soon as he left office. According to a City accountant who has studied the relevant Blair accounts that are filed at Companies House, in Cardiff, the structure has been set up ‘in a way that discourages clarity’. He elaborated: ‘The situation is further muddled because the companies file accounts for different time periods. This is a common tactic to confuse people as to what is going on. You cannot be sure what transactions are occurring in what period’.

As Windrush Ventures No. 3, a profitmaking partnership owned by Mr. Blair, was established as a limited partnership, it does not have to publish accounts. However, through the other Windrush accounts, it is possible to show how Windrush Ventures No. 3 had an income of millions of pounds, including large sums for ‘philanthropic and charitable works’. Forensic analysis revealed a $2.4 million ‘grant’ from the Bill and Melinda Gates Foundation ‘intended for Sierra Leone’, and a further £1.5 million ‘for Rwanda’ from the Gatsby Charitable Foundation set up by Lord Sainsbury, a former Minister in Blair’s Government.

Meanwhile the accounts of Windrush Ventures No. 2, a limited liability partnership, show that it received £6,436,000 ‘in connection with management services that it has provided to Windrush Ventures No. 3’. And Windrush Ventures No. 2 also received a ‘share of the net profits of the LP [Windrush Ventures No. 3], amounting to £350,000’.

The accounts further show that Windrush Ventures No. 2 then ‘paid £6,436,000 for management services that were provided by… Windrush Ventures Limited’.

This entity is ‘said to pay the rent on’ Mr. Blair’s grand offices in Grosvenor Square, the location of the American Embassy, in Central London. Sparse accounts for Windrush Ventures No. 1 filed at Companies House show that its ‘ultimate owner is A. C. L. Blair’ and that it was established on 27th June 2007, the day that Mr Anthony Charles Linton Blair left Number Ten Downing Street.

Further investigations have revealed that a separate network of Tony Blair-owned limited liability partnerships and limited companies, called Firerush Ventures, has also been identified. WIND and FIRE: two highly evocative ESOTERIC words which cannot possibly have been chosen in ignorance of the signal that they send to ‘the initiated’ ‘Black’ World – namely, the Illuminati. (12).

BLAIR’S OCCULT NOMENKLATURE FOR HIS COMPANIES
Thus it has transpired that the former British Prime Minister uses occult nomenclature to label his ventures, and that he has established complex Maxwell-style networks of interrelated partnerships and companies for what purpose: to hide certain illicit and dubious accruals arising from payments received for going along with the Bush Crime Family’s war plans, or for ‘facilitating’ the collective European treaty before the current one [see Archive: 12th October 2005], by any chance?

It will be recalled that former criminalist President William Jefferson Clinton’s ‘Foundation’, which had to be exposed late last year when the CIA-wife of the former President had to scramble to be appointed Secretary of State by Obama in order to be ‘assured’ of ‘protection’, was found to hold millions in assets paid to ‘it’ by every category of Illuminati hidey-hole under the sun – including, scandalously, the Princess Diana Memorial Fund.

‘MAINSTREAM’ NOW UNDERSTANDS WHY BLAIR WANTED THE JOB
We can now state that a component of the British ‘mainstream’ newspaper press is showing signs of ‘understanding’ what it has conspicuously sidestepped ever since these investigations began, and before. On 22nd November, the Sunday Telegraph carried an exposé explaining, in outline, the consequences for Mr Blair of the fact that he had been bypassed in his quest for ‘protection’ as President of the European Union Collective. The newspaper suddenly sounded like this service:

‘The former Prime Minister had been intriguing and plotting to be appointed European President ever since he left Number 10 Downing Street more than two years ago’.

‘There are several reasons why he desperately wanted the job, but perhaps the main one concerns the immunity from prosecution seemingly enjoyed by all politicians in high office’ (13).

• BINGO! Do you hear the clatter of scales falling from ‘mainstream’ eyes here?

HIGH OFFICE OFFERS PROTECTION FROM PROSECUTION
What does this now tell us LOUD AND CLEAR – and in the ‘mainstream’ for Heaven’s sake, so that armchair critics who enjoy sniping us and finger-pointing that ‘because it’s not in the mainstream, it can’t be true’ have, all of a sudden, LOST their fraudulent cause for ‘complaint’?

• Why, it informs us, does it not, that THERE’S ONE LAW FOR THE HOI POLLOI, THE GOYIM, and another for holders of high office. Which we know from our long-term study of the abuse of power in the United States. But now we Brits have this truth thrust before our eyes, by the ‘mainstream’, no less. In other words, all those engaged in furthering the criminal, anti-nation state, collectivist, internationalist agenda, are GRANTED IMPLIED IMMUNITY FROM PROSECUTION, which means that they can perpetrate egregious financial and other crimes with impunity, so they imagine.

One small problem. As we know, serpents in a nest and rats in a sack have a tendency to turn and bite or destroy each other. Therefore, when an operative in this Black Firmament has reached his sell-by date, he is unceremoniously, and ruthlessly, sacrificed and thrown, to mix metaphors again, to the wolves. There is no love lost between thieves, and there is no love, in any case, to lose.

• These people not only collaborate closely at all times, but stand ready to hate each others’ guts: the familiar George H. W. Bush/DVD-CIA ‘bait and switch’ technique.

The Sunday Telegraph’s article elaborated: ‘Blair is well aware that if he had become President of the European Council, it would have been very hard to bring him to account’.

So Blair’s Windrush and Firerush Ventures were aired in the newspaper’s daily namesake just to make sure that any residual chance of the European Collective appointing this operative, sank to nil. The Sunday newspaper then delved, of course, into the implications of the imminent Chilcot Inquiry into the background to the Iraq War.

THE TWIST BEHIND THE CHILCOT INQUIRY INTO THE IRAQ WAR
Now underlying this matter there lurks an even more extraordinary twist – one that we published, via our intelligence newsletter Arab-Asian Affairs, starting in the autumn of 2003 (14).

If matters now proceed as expected, the central allegation under review is or will be whether the former Prime Minister lied to the British people, when he said that Britain had to go to war against Iraq because the Iraqi leader possessed weapons of mass destruction (WMD).

Blair delivered a ‘brilliant and passionate speech in the House of Commons on March 18, 2003, that won over doubters that Britain had no other option but to join the United States in its invasion of Iraq – a military operation that culminated in the greatest humiliation for British forces since Suez in 1956’, according to The Sunday Telegraph. And the reason that Blair gave in his Commons speech was that Iraq possessed weapons of mass destruction.

‘Without his doom-laden warnings about WMDs, Blair would never have won that Commons vote and Britain would never have gone to war’, The Sunday Telegraph elaborated.

THE EDITOR’S ENCOUNTER WITH A PENTAGON SPY
In the final quarter of 2004, the veteran British journalist and author (of books on Maxwell and Mossad), Gordon Thomas, agitated for this Editor to meet a Pentagon-related operative named Demchuk, known as ‘The Visitor’ in Washington circles, without explaining why. Gordon Thomas insisted that ‘he is very keen to meet you’, but the Editor refused. Thomas responded that ‘he’s perfectly safe: he’s been checked out by MI-6’; and in the end, against his better judgment (harder to crack nowadays), the Editor relented.

An arrangement was made for the Editor to meet this fellow, believe it or not, in the fishing tackle department of a sports shop on Fifth Avenue in New York City. He’d be wearing a raincoat.

Sure enough, there he was at the very end of the store, at the appointed time. His suggestion was that we should repair to the Algonquin Hotel – where he proceeded to pump the Editor about the renegade, fugitive (since incarcerated) Office of Naval Intelligence (ONI) operative, Mark Delmart Vreeland. This US ONI operative had been the single response that the Editor had received after publishing the first evaluation of the Bush-DVD Financial Frauds, with documents, in International Currency Review, Volume 28, Number 4 – which had been released in March 2003, just ahead of the invasion of Iraq (the worst possible timing in one sense, but pertinent in another).

As we have reported elsewhere, Vreeland contacted the Editor (from Yukon, where he had been hiding out, it later transpired), in May 2003. In pursuit of these investigations, the Editor had rashly agreed to meet Vreeland, at Penn Station, New York City: but on arrival, he changed the venue to Niagara Falls, Canada (a standard procedure by these people). Vreeland scammed the Editor of this service throughout this venture, but that’s a separate story.

THE SOVIET SHIPS THAT REMOVED THE IRAQI WMD
Anyway, after pumping the Editor on Vreeland at the Algonquin Hotel, the US Pentagon-linked operative kept in touch. He expressed particular interest in our exposure in Arab-Asian Affairs (September 2003) of the fact that the Iraqis DID possess weapons of mass destruction, and that these WMDs were dismantled and removed shortly ahead of the invasion, in two Soviet ships that sailed from the Iraqi port of Umm Qasr.

The open source of this intelligence was a senior Romanian defector (the former intelligence chief, Ion Mihai Pacepa), who had explained, in the public domain, that all Soviet-linked countries had a programme, which the Romanians called their ‘Sarindar programme’, for dismantling WMDs should pressure from the West exceed a certain safety level – as had clearly occurred in the case of Iraq.

Now the US operative could perfectly well have conducted this simple research – which the Editor backed up, by the way, with data publicised by Soviet Military Intelligence (GRU) itself – without relying on this Editor’s services. At a later stage, he asked for copies of all our publications, which he said he would ensure were paid for: and of course he never paid us a cent.

In March 2005, he appeared to be most annoyed when the Editor handed him, in Washington DC, the new issue of International Currency Review in which much more detail about the Fraudulent Finance operations presided over by Bush and Greenspan, was exposed. Earlier, he had arranged to meet the Editor for breakfast at the Savoy Hotel in London, but he never turned up (a technique they use to establish whether one is a reliable source or not). When he had full made use of us, he severed the connection. Which is also ‘what they do’.

The open domain information that we published in 2003 was that Saddam Hussein’s régime had indeed possessed weapons of mass destruction, but that the Iraqi WMD installations and assets had been removed ahead of the invasion, in accordance with the Iraqi version of the ‘Sarindar programme’. So, why was our elaborated version of this open domain information not picked up by the ‘mainstream’ (even if they had pinched it from us without attribution, as often occurs)?

WHY THE REMOVAL OF THE IRAQI WMD WAS SUPPRESSED
Here’s your answer: BECAUSE the weapons of mass destruction in question had been supplied extensively by the United States, under the direction of Saddam Hussein’s former financial trading partner, George Herbert Walker Bush – who had performed his usual ‘bait and switch’ operation against Saddam in 1990, when April Glaspie, the incongruous female US Ambassador to Baghdad, had ‘winked’ at Saddam in the sense that she had implied (duplicitously, of course) that the United States would turn a blind eye should Saddam Hussein proceed with his intention to annexe Kuwait.

PENTAGON AGENT TASKED TO FIND OUT WHAT WE KNEW
What Demchuk was trying to find out, then, was not the truth of the matter, which he would have known, but rather what WE knew about all this, and whether there was any actual danger that our knowledge might expose the duplicity of the US Government in this matter.

Meanwhile, in line with the unusual arrogant disdain displayed by the US authorities for the British, the British Prime Minister was left with the CORRECT knowledge that Saddam Hussein’s régime DID possess weapons of mass destruction, which his intelligence subordinates had FAILED TO INFORM HIM had been removed aboard the Soviet ships sailing from Umm Qasr (February 2003).

The British intelligence officials who appear to have misled Blair were headed by the chief of MI-6, the Germanophile Sir John Scarlett, who has just retired, but will appear before the Chilcot Inquiry. The Sunday Telegraph’s report noted that Blair has a ‘haunted look’ about him. This is because, although he became a co-conspirator and an accessory to the fact of unspeakable crimes, the actual reality is that he was, as usual, SET UP by the Americans – under George W. Bush.

BLAIR TO BE MADE THE SCAPEGOAT FOR OTHERS
Co-conspiring to set up Blair were senior officials within MI-6, who must have known what a simple outside Editor could find out for himself in the public domain.

• And what will their primary motivation be before the Chilcot Inquiry? It will be to confirm Blair as the SCAPEGOAT for THEIR CO-CONSPIRATORIAL duplicity and deception in collaboration with the US criminalist operatives in the White House.

Given the above, it will be very interesting to observe whether any of this surfaces at the Chilcot Inquiry, whether the name ‘Sarindar’ again appears in the public domain – and whether the Inquiry summons the Editor of this service to reiterate what has just been published above.

• If none of these indicators appear, you will know that the Chilcot Inquiry is itself intended to deceive: not to tease out the truth, but rather to bury it. And the purpose of THAT will be to protect the Bush Crime Family and the criminality of the Bush and Reagan Administrations in arming Iraq.

SAME CYNICAL PROCEDURE IS BEING APPLIED TO IRAN
YES, the purpose of any such intent will be to continue the cover-up of the complicity of the Nazi cadres within the US structures in equipping the Iraqi régime with weapons of mass destruction – in order to be in a position to seize Iraq later, on the false pretext that Iraq posed a threat to humanity: EXACTLY THE SAME PROCEDURE that is now being applied to Iran today.

That’s why the Iranian President is a soi-disant Jew-hating Jew. His real name, by his own open admission, is Sabourjian – which means ‘maker of the prayer shawls’: the Farsi name for the Jewish shawl used for prayer. The suffix ‘jian’ means ‘Jew’. President Ahmadinejad himself acknowledged this in an odd incident when he displayed his passport, openly revealing this information to the cameras. Iranian sources with whom we are in touch have separately confirmed to us that this information is accurate, and is now well known in Iran.

EUROPEAN COMMISSION OPERATING MORE ILLEGALLY THAN EVER
Having selected Kissinger’s friend, the Belgian Prime Minister, as President of the European Union Collective, the European Commission, under the reappointed little fellow José Manuel Barroso, is continuing to represent itself before the world as a legitimate system of governance, contrary to the following realities which the ‘mainstream’ largely chooses to ignore:

• Effective 31st October 2009, the entire European Commission had to resign at the end of its term. This is standard practice. However little Sr. Barroso was somehow ‘reappointed’. In the meantime, the European Commissioners have remained ILLEGALLY at their posts, pending (so it is said) the appointment by the 27 so-called ‘Member States’, through Barroso, of new Commissioners.

The illegality of this behaviour is pooh-poohed by the Europhiles and internationalists as simply a practical measure, and that the Commissioners in place will not be taking any ‘major’ decisions (implying that they can take ‘minor’ decisions, even though ALL decisions they take have no legal force: not that ANY European law, regulation or rule has any legitimacy at all: see below).

BRITISH BANKS BEING TOLD WHAT TO DO BY AN IMPOSTOR
In fact, however, a Dutch harridan called Nellie Kroes, the Competition Commissioner (defunct), has CONTINUED ordering Lloyds TSB Bank and the Royal Bank of Scotland around as though she still retains powers as a Commissioner, which is NOT THE CASE: see above.

• Quite apart from anything else, once the wrangling over who is to hold what portfolio has been concluded, the new European Commissioners must go through an ‘approval’ process before the European Parliament (just as happens before the US Senate), a piece of meaningless theatre that nevertheless takes several months to complete. Prior to their confirmation approvals, European Commissioners have no powers as their appointments haven’t been ‘ratified’.

Moreover the instructions that this Dutch woman has been dispensing, represent what has been called ‘the economics of the madhouse’: she has been telling the banks in question to sell off their most profitable businesses, contrary to the interests of the British taxpayer. The taxpayer-owned UK institutions would be well within their rights to disregard every single instruction or goading that comes from Brussels for months, even if it is channelled through the British Government.

However all these people at high level are confused: they talk only among themselves, so they never emerge from the comfort zone of their illusions, about ‘Europe’ or anything else.

Beyond this, of course, lurks the reality, previously exposed here, of the fact that the European Commission’s accounts have not been approved by the EU’s own Court of Auditors for the past 14 years running. The political appointees at the Court of Auditors and their officials cannot sign off on European Commission accounts, as in doing so they would lay themselves open to prosecution for aiding and abetting financial fraud.

EUROPEAN COMMISSION ACCOUNTS ARE FRAUDULENT
In order for this intolerable state of affairs to be rectified, an army of independent accountants needs to crawl through each year’s EC accounts, starting with the last approved set of accounts 15 years ago (1994), identifying every single transaction that may appear to be dubious or fraudulent, establishing the truth of the matter, arranging for the perpetrators of frauds, both internally within the Commission and externally, to be referred on to law enforcement, and progressing laboriously through each set of accounts until they reach the most recent – approving each set of accounts in succession until they can proclaim that the EC’s accounts have been placed back in order – with all stolen funds and frauds, along with those responsible, exposed and reported for indictment.

THEREFORE, THE EUROPEAN COMMISSION IS A CRIMINAL ENTERPRISE
Will this happen? Of course not. THEREFORE, the European Commission is a criminal enterprise.

The incoming Commission will simply carry on where its corrupt predecessors left off. Given this intolerable state of affairs, this service has recommended that all UK VAT taxation receipts must be diverted with immediate effect into a British Treasury account established for this purpose.

The Editor informed a London conference on 31st October 2009 about this: and received THREE standing ovations. The way to deal with these people is to use the same techniques against their criminality that we have used successfully against the American financial criminals: EXPOSURE.

It remains the case, of course, that the EU’s Lisbon Treaty is illegal, for reasons explained earlier, including the careless handling of the Irish ballot boxes contrary to proper practice. At the last count, FOUR cases questioning the legality of the Referendum were pending before the Irish Supreme Court, which could overthrow the Irish Referendum outcome, even though it has been signed off by Ireland’s internationalist President. [All Irish Presidents are fully paid-up members of the self-appointed internationalist cadres, given that Ireland has been penetrated since the early 20th century by pan-German forces seeking to destabilise the ‘Main Enemy’, Britain].

DESPITE ALL THIS, A PAN-EUROPEAN GESTAPO IS BEING PLOTTED
The illegal Lisbon Treaty (as illegal as all its many predecessors, which were procured by means of corrupt payola payments: see the first report in our Archive, dated 12th October 2005), provides for the establishment of a Europe-wide Gestapo – which will please the STASI operative Frau Merkel, Bush Sr.’s agent, given that the STASI were/are Gestapo in a different (Communist) guise.

Under a section of the Treaty which had not even been quasi-ratified at the time, EC officials set up a Committee on Internal Security (COSI) (16) which is to ‘coordinate policy between the national law enforcement and EU organisations’. Its ultimate purpose is to evolve into an EU Home Office with authority over the satrap ‘Member States’ security services and police.

If the Germanophile Sir John Scarlett were still in charge, that would be ‘just fine’ with him. But whether MI-5 and MI-6 will be prepared to go along with this further stage of the ‘coup d’état by instalments’ against this component of ‘the Main Enemy’, (17), remains to be seen.

GERMAN-RUSSIAN RELATIONS ARE ‘INDISSOLUBLE’
To conclude (almost), you may be interested to learn the following rather obscure fact.

On 10th June 2009, Frank-Walter Steinmeier, Vice-Chancellor and Minister of Foreign Affairs for the Federal Republic of Germany, addressed a meeting in Moscow on the scintillating theme… ‘Russia and Germany: Common History Never Ends’.

The German Vice-Chancellor’s speech opened with the following proclamation:

‘German-Russian relations have for centuries been those of close association, even a symbiotic relationship extending far beyond family relations…’.

Echoing Mikhail Gorbachëv, Bush Sr.’s ‘partner’ with former German Chancellor Kohl in Barrington Investment Group, AG (Deutsche AG), Steinmeier elaborated:

‘Let us work together on a new partnership for security and stability [stretching] from Vancouver to Vladivostok…… We should leave behind the obsolete stereotypes of the 20th century and even the 19th century’ (18). In other words, let’s build a SINGLE POLITICAL SPACE UNDER OUR CONTROL.

The phrase ‘Vancouver to Vladivostok’ was repeated like a Goebbels-era lie by Gorbachev when he was in the Soviet driving seat. In other words, Germany and Russia, are ‘on the same page’, aided and abetted by France under the terms of the Treaty of the Elysée with Germany. It may have been generally forgotten, too, that former President Chirac, of Jewish extraction like his successor, was Chairman of a Trilateral Commission consisting of Russia, Germany and France: yet another engine promoting The New Underworld Order fuelled by open-ended corruption. Unsurprisingly, a cloud of corruption hangs over Chirac, just as it hangs over Blair, the Bushes and the Clintons.

And as for Frau Merkel, as we have repeatedly pointed out, she was the Secretary, in her youth, of the Agitation and Propaganda Department of the Kommunist Yugend at Karl-Marx University.

• So she has no problem whatsoever in collaborating with the covert Soviets.

‘IT DOESN’T MATTER THAT IT’S NOT TRUE. WHAT MATTERS IS THAT IT’S OUT THERE’.
Finally, you may possibly recall these cynical words of the aforementioned veteran British journalist and author, Gordon Thomas. He told the Editor this late in 2004, after informing him that MI-6 had lied to the British media that Christopher Story was involved in the aborted attempted putsch in Equatorial Guinea (involving Sir Mark Thatcher, Simon Mann, and other dubious characters).

Subsequently, Demchuk, introduced to the Editor by gordon Thomas [see above] attempted to entrap the Editor in some venture in Monaco involving Bernie Ecclestone, Blair’s associate; but when the Editor expressed blank amazement on being advised of this by phone, Mr Demchuk was taken aback. Because the Editor said: ‘You’d better go back to your source because I have no idea what you’re talking about’. Whereupon Demchuk, after a pause, commented: ‘That’s worrying, in view of where this came from’.

We have assumed that it came from MI-6 (although there is a possibility that Gordon Thomas, who has published, as indicated, books on Mossad and Maxwell, may have cited MI-6 when he really meant Mossad). Either way, the point had been well and truly made by criminal intelligence sources that it is permissible to bear false witness against an investigative reporter and Editor, and that spreading lies about him to the media is permissible.

It is not: it is a criminal offence, and in conveying these lies, both Demchuk and Gordon Thomas stand accused of bearing false witness, aiding and abetting an operation to entrap and deceive the Editor of this service, and attempting to close down private investigations which have yielded, in the event, spectacular results.

Indeed the stupidity of the foregoing behaviour can be summarised in the following statement: it was partly because pressure was brought to bear on this Editor as described in part above, that we have persisted with our enquiries. As Gordon Thomas explained: ‘They think you may be dangerous as you have the documents and you control your own publications’.

Thomas thereby acknowledged that ‘they’ had something truly monumental to hide: and so it has proved. We will have more to say about the similar, equally desperate, lies disseminated about the Editor of this service by the self-discrediting US ‘bloggist’, Thomas Heneghan, and the reasons for them, in due course. But a further shoe has to drop first.

Notes and References:

(1): Erie Times-News, Tuesday, 17th November 2009: ‘China places GE order: Local plant strikes deal for 300 kits’, page 1.

(2): ‘The $2.5 trillion global oil scam’, www.ngoilgas.com/news, analysis by Philip Davis: a global oil scam that mades Madoff look like a petty thief.

(3): ‘US military chiefs are like Martians, say British officers’,
The Daily Telegraph, 23rd November 2009, page 1.

(4): ‘Afghan mission cannot go on for ever, says Brown’,
The Daily Telegraph, 14th November 2009, page 4.

(5): ‘Hain’s concerns expose Cabinet alarm over Afghan war deaths: Minister breaks ranks to question strategy’, The Times, 14th November 2009, page 5.

(6):The Times, 14th November 2009, page 5, op. cit.

(7): The Daily Telegraph, 14th November 2009, page 4, op. cit.

(8): ‘Man killed by VP’s Secret Service vehicles, Scott McCabe,
The Examiner, 12th November 2009: smccabe@washingtonexaminer.com.

(9): ‘Biden escort involved in wreck’, Albuquerque Journal, 16th November 2009.

(10): ‘VP Biden’s Security involved in Crash’, MYFOXNY.COM, 18th November 2009.

(11): ‘Brown went for second best ‘as way of splitting the Tories’,
The Times, 21st November 2009, page 12.

(12): ‘Questions over Blair and his business ventures’,
The Sunday Telegraph, 15th November 2009, page 14.

(13): ‘Iraq Report: Secret papers reveal blunders and concealment’,
The Sunday Telegraph, 22nd November 2009.

(14): ‘The Iraqi ‘Sarindar’ Programme’, Arab-Asian Affairs, ISSN 0196-3538,
Volume 27, Number 8, September 2003.

(15): ‘Ahmadinejad’s Jewish Background’, Arab-Asian Affairs, ISSN 0196-3538,
Volume 33, Number 2, October 2009.

(16): ‘Treaty allows EU to set up ‘secret police committee’’,
The Sunday Telegraph, 4th October 2009.

(17): Henry Ashby Turner Jr., ‘Hitler’s Thirty Days to Power: January 1933’, Addison-Wesley Publishing Company, Inc, Reading, MA, ISBN 0-201-40714-0, 1996:

‘Only by banning the Communist deputies and by resorting to intimidation and mendacity did Hitler secure on March 23 the necessary two-thirds vote in the new Reichstag for an Enabling Act that transferred legislative authority to his Cabinet, ostensibly for four years. A wave of Nazi purges followed, as one institution after another was subjugated. Arbitrary rule replaced government by law in what has aptly been termed a “coup d’état by instalments”’.

‘By summer, all parties except the Nazis had been dissolved, Hugenberg had been forced out of the Cabinet, and Hitler had relegated Papen to insignificance by winning the trust of the President. Even earlier, Göring had wrested from Papen control over the government of the largest state, Prussia. Well before the Nazi leader assumed the powers of the Presidency upon the death of Hindenburg in August 1934, he had become dictator of Germany’: page 164.

The phrase ‘coup d’état by instalments” was coined by a US-resident German, Konrad Heiden, Der Fehrer, Boston, 1944, page 579. What Hitler procured – by subterfuge and mendacity, exactly as has been the case throughout with the European Union Collective – was the transfer to his Cabinet, and thence to himself, of GENERAL POWERS. This is precisely what happened, for instance, when Britain joined the EEC in 1972. The legislation in question served the purposes of an Enabling Act. This act of treachery was perpetrated by Edward Heath, a long-standing agent for Germany: see the first report in this series: 12th October 2005: Atchive].

(18): ‘Russia and Germany: Common History Never Ends’, Text of a speech delivered by Frank-Walter Steinmeier, Vice-Chancellor and Minister of Foreign Affairs, Federal Republic of Germany, on 10th June 2009 in Moscow: International Affairs, 14 Gorokhavskii per, Moscow 103064, Russian Federation, Volume 55, Number 5, 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
• 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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WHEELS COMING OFF WHITE HOUSE CORRUPTION ENGINE

PERVERSE OPERATION TO ‘REIGNITE’ FRAUDULENT FINANCE IS FALLING APART

Tuesday 24 March 2009 03:00

THE LATEST MISGUIDED, WRONG-HEADED GEITHNER PLAN

• MICROCHIP STUCK ON THE EDITOR’S LEG BY NSA MANIACS AT NIGHT IN A U.S. HOTEL

• EARLIER INSTANCES OF ILLEGAL U.S. ATTEMPTS TO TRACK THE EDITOR OF THIS SERVICE

NO TAKERS FOR ‘GEITHNERS’

‘A HORRIBLE, HORRIBLE FEELING THIS IS GOING TO END BADLY’

TALF SUPPOSEDLY ‘TO REIGNITE THE SECURITIZATION MARKETS’: RIGHT

HUGE THEFT OR ‘REASSIGNMENT’ OF FUNDS TOOK PLACE ON 17TH MARCH

THE $4.0 TRILLION THAT ‘SUDDENLY’ APPEARED AT THE U.S. TREASURY

THE PRIMARY MOTIVE UNDERLYING THE RECKLESS BAILOUTS

REPORT THAT PAPERS WERE SERVED ON DR BEN BERNANKE

A.I.G. FOUNDER FRANK WISNER SR.: LIAISON TO THE NAZI GEHLEN ORGANISATION

THE CIA BACKGROUND OF FRANK WISNER JR., A.I.G. VICE CHAIRMAN

U.S. SEEKS CONTROL OF INTERNATIONAL CRIME, TERRORISM AND DRUG TRAFFICKING

A CRIMINAL GOVERNMENT OPERATING ON DURKHEIM PRINCIPLES

BUSH-CLINTON-CIA DRUG-TRAFFICKING LINKS TO STANFORD OPERATION

REASON FOR REFUSAL TO IMPLICATE OTHERS: DEATH THREATS TO FAMILY MEMBERS

OTHER PONZI SCHEMES ON BRINK OF BEING EXPOSED: ‘PONZIMONIUM’

MADOFF ACCOUNTANT FRIEHLING ARRESTED: SECURITIES FRAUD

DOUBLE STANDARD FOR MUNICIPAL ISSUERS

SLOW AND PAINFUL PROGRESS IN ‘TAKING DOWN’ THE OCTOPUS

STANFORD OPERATIONS AND THE OCTOPUS

STANFORD ‘TOOK OVER’ FROM NORIEGA AGAINST WHOM LEHDER TESTIFIED

EFFICIENT TEUTONIC ORGANISER OF THE MEDELLIN CARTEL FOR BUSH/CIA

CATALOGUE OF VIOLENCE UNLEASHED BY LEHDER

LEHDER EXFILTRATED TO GERMANY UNDER CORRUPT 2000 ELECTION PAYOFF DEAL

STANFORD LINKS TO FUND RUN BY BIDEN FAMILY MEMBERS

OTHER BIDEN BACKGROUND SCANDALS

BIDEN ATTEMPT TO SET US UP/USE THIS SERVICE

CHINESE REPORTED TO HAVE OBTAINED LIEN ON FEDERAL RESERVE

KISSINGER AND BAKER RETURN FROM MOSCOW ‘WITH GORBACHEV’

SECRET MEETING BETWEEN OBAMA, BIDEN AND GORBACHEV

BRITISH-AMERICAN RELATIONS AT AN ALL-TIME LOW

BELATED WHITE HOUSE SECOND THOUGHTS GIVEN THE IMMINENT MEETING WITH QUEEN

FACE-TO-FACE EXCHANGE BETWEEN PRESIDENT OBAMA AND THE QUEEN

POSTSCRIPT; WHITE HOUSE SCURRIES TO MEND THE RIFT

• 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.

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:

THE LATEST MISGUIDED, WRONG-HEADED GEITHNER PLAN
It is very difficult to find words to describe the desperation, stupidity and folly of the latest Geithner wheeze. This proposal for private sector investors to collaborate with the Government to relieve the banks, as The New York Times put it on 23rd March 2009, ‘of assets tied to loans and mortgage-linked securities of unknown value’, with the Government reportedly ready to lend nearly 95% of the funds for any such investment, is beyond reckless and irresponsible: it is laughable.

It reeks of an utterly perverse and desperate, A REALLY DESPERATE, perverse throw by the Obama Administration to revalidate and revalue trades within the moribund derivatives sector, which has crashed and in which no-one not in need of brain surgery has been at all interested in since the worthlessness of these Fraudulent Finance assets were exposed.

The extraordinary weakness and idiocy of this wheeze – which must rank as the most eccentric and demented proposition ever to have been marketed by the corrupt US Treasury – was impregnated within the feeble remarks of Christina D. Romer, the Chief Economist at the White House, who said in an interview on ‘Fox News Sunday’ [22nd March 2009]:

‘What we’re talking about now are private firms [i.e. the hedge funds and sovereign wealth funds, mainly – Ed.] that are kind of doing us a favor [i.e., digging us out of the hole that we’ve dug for ourselves – Ed.], right, coming into this market to help us buy these toxic assets [note that she agreed that they are worthless, by using the word TOXIC: what a superb marketing ploy!] off banks’ balance sheets…. They are the firms that are the good guys here’, she added, in order to head off the obvious objection that on the basis of recent experience, participants might be vulnerable to a massive retroactive tax, or a Congressional hearing, or both of the above.

The White House spokeswoman wasn’t asked why, if the banks’ (fraudulent Ponzi) ‘assets’ were so ‘toxic’, ANYONE would want to buy ANY of them, EVER, given that by definition worthless assets aren’t tradeable – let alone borrow money from the Government (creating further background Government debt) for the purpose, even with the official loans reaching almost 95% of value.

• BUT WHAT VALUE? Even the few cents in the dollar suggested, is almost a non-starter.

Uh, as The New York Times pointed out:

‘Still, a big stumbling block remained: how to place a value on mortgage-related assets that have not been traded for months’,

Right.

The only reason that Pimco, Black-Rock and other such entities might participate in this demented scheme would be in the forlorn hope that it might succeed in revalidating and revaluing their vast portfolios of DUD derivatives ‘assets’ that they can’t shift. Not a valid or responsible reason for a money manager to trash his fiduciary responsibilities by investing in ‘assets’ that the White House Chief Economist has herself publicly labelled TOXIC.

MICROCHIP STUCK ON THE EDITOR’S LEG BY NSA MANIACS AT NIGHT IN A U.S. HOTEL
The Editor flew to Chicago on 16th March 2009, took care of some business in the city, and later caught an Amtrak train to another destination, for some further meetings.

At 4:00am in the morning of 18th March 2009, the Editor awoke in his hotel room and felt an itch on the back of his lower right leg. On feeling the area, he became aware that a piece of plastic had been stuck onto his inner leg without his knowledge.

The Editor had been surprised to be given a large suite at the hotel in question. On 23rd March, an expert analyst informed him that the plastic was not simply placed in the bed on the off-chance that it would adhere to the back of the Editor’s right leg, but that it was actually applied to the Editor very early in the morning while he was sleeping. This assessment comes from experts with such background that when asked whether the resulting Tattoo on the Editor’s leg (see below) may be permanent, they were unable to answer the question, and subsidiary questions, on the telephone: meaning that they could not do so without breaching national security.

The plastic peeled off and on turning on the light, the Editor found that he was holding a printed circuit microchip embedded in a piece of transparent plastic measuring about one inch square. On holding the plastic up to the light, the embedded printed circuits, with various arrows, were very clearly visible. There is a lesion on the Editor’s inner right leg where the chip was applied.

• The printed circuit contained a DIAMOND shape, which is a TARGET symbol.

It also contained three ‘shoes’ associated with arrows, which are indications of a GPS operation to track the Editor’s exact movements so that at the appropriate time he can be shot dead on demand. Three shapes in the form of flayed skins were also evident, as was a miniaturised grid, indicating, we understand, the whereabouts of the Editor physically. After being peeled off the Editor’s lower right leg, a lesion remained at the place where the printed circuit/chip had been located.

The Editor reported this via intermediaries to several US operatives, who quickly responded that they had no knowledge of any such evil device being placed upon the Editor’s person: in fact this message emerged almost in unison. The Editor was not satisfied with this and reported the issue to a close friend with ‘connections’, who was able to unravel the truth of the matter.

This is that, in addition to being a tracking device to facilitate assassination, the printed circuit also creates a TATTOO, which then operates just like the printed circuit itself when it has peeled off.

Furthermore, the friend pointed out that these people are trained to say precisely the opposite of the truth when exposed. The proposition that the US operatives had put forward was that the GPS printed circuit had been applied to the Editor’s inner right leg by British MI6 operatives for his own protection, presumably on the American Airlines plane: a contradiction in terms given what the US operatives in question know about the Editor of this service.

What is certain that if this was a British operation, the plastic printed circuit would not carry a target (assassination) symbol (DIAMOND), indicating how ridiculous such US denials and lies are.

EARLIER INSTANCES OF U.S. ATTEMPTS TO TRACK THE EDITOR OF THIS SERVICE
Nor is this the first time that mentally retarded, murderous NSA parasites (which is what many of them are: they produce NOTHING) have applied these craven tactics to the Editor. On the first such occasion, after the Editor had conducted certain interviews in May 2003 in North America, he found a bean-shaped object among his effects while he was visiting the seaside in the British Isles.

Fearing that it might explode, he climbed up a rock adjacent to the beach and placed the plastic bean-shaped transmitter inside a hole in the rock, and wedged a loose piece of rock into the hole. Returning out of rank curiosity two days later to see whether the ‘bean’ was still there, he carefully removed the wedge, only to find that the object had completely vanished. A bird or other creature could not possibly have removed it from deep inside the cliff face.

The second occasion that a chip was placed with the Editor, occurred after the Editor had paid a second visit to the office of the NSA operative William Hmailton, of PROMIS fame. On the first such occasion, everything was sweetness and light, the receptionist was warm and cosy and the Editor was treated with courtesy. On the second occasion, the previously pleasant Hamilton receptionist was distant and surly. The Editor was kept waiting in the reception area for 25 minutes, and was then ushered into a conference room by Mr Hamilton. First mistake: the Editor removed his jacket.

Almost immediately, a man in jeans knocked on the door and asked if he could ‘continue’ working at a computer console that was located in the corner of the room.

The Editor thought it very odd that a single computer was stuffed into the corner of the Boardroom. Hamilton said ‘OK’, and minutes later ‘suggested’ that it would be a good idea ‘if we move next door. Leave your briefcase and jacket here: we’ll look after them’. Second mistake. Manifestly, the fellow in jeans was acting a role: if the Boardroom had been set aside for the meeting with the Editor of this service, the computer nerd wouldn’t have been given access.

‘Next door’ turned out to be a completely empty office suite. In at least one room, however, the Editor noticed a large number of large carboard boxes stacked all over the floor. After clicking his heels for ten minutes, the unpleasant receptionist brought in a tray with a glass and an opened bottle of Pepsi. Third mistake. NEVER DRINK FROM AN OPENED BOTTLE IN SUCH COMPANY.

• Please now refer to the Gospel of Mark, Chapter 16, verse 18.

The Editor later travelled to another location and during dinner in a diner with a former contact, he described what had happened. The contact asked to look at the Editor’s jacket. The microchip was stuck to the inner side of the right-hand part of the jacket. It was quickly consigned to the candle burning on the dining table.

On each of these occasions, the operatives concerned behaved in an unfriendly manner towards a visitor from the United Kingdom which is still supposed to be the United States’ closest and most reliable ally. On all three occasions, we deduce that the concern within the warring and confused US intelligence community, which is being brought low by the collapse of its Fraudulent Finance schemes arising from these exposures, has been to compromise the Editor in order to attempt to close down these ongoing arms-length investigations, which have made immense progress since the Editor first became involved in this investigative reporting six years ago.

It’s all about COVERING UP FINANCIAL CRIMINALITY. It’s nothing to do with US NATIONAL SECURITY. The investigations are focused exclusively on the betrayal of the American people and the Rest of the World by a bunch of arrogant thieves and amoral US operatives who believe that they can do what they like, including stealing from widows (‘devouring widows’ houses’), depriving their Ponzi victims of all hope of recompense, and treating the rest of humanity with malice.

Unfortunately for the terrified perpetrators, this horrendous episode of US officially-sponsored financial terrorism is unravelling faster than these mental defectives and crooks can stitch their model back together again. The angle of deterioration is steepening by the day, and the more they try to patch up the broken system based on Fraudulent Finance, the worse the mess they create.

NO TAKERS FOR ‘GEITHNERS’
We have just published International Currency Review, Volume 34, #2, which contains an analysis of the Paulson TARP operation, with charts, and shows that the entire purpose of that operation was to refinance, not the US dollar system and the economy, but rather Carlyle, Carlyle Capital, George H.W. Bush Sr., James A Baker III and other Bush-Clinton insiders.

The issue was mailed worldwide on Wednesday 18th March. In addition, we have produced and distributed a four-page leaflet containing the three main TARP charts, showing precisely how the corrupt Paulson financing operation was intended to operate. Copies of this leaflet have been hand-delivered in sensitive places in Virginia and inside the Beltway for the past several weeks.

We have also just published several other financial services, all of which contain a chart showing that the quite incredible Geithrner TALF (Term Asset Backed Securities Loan Facility) Fraudulent Finance circular financing operation is designed with the same sick objective in mind, and that the trumpeted Obama ‘Stimulus Program’ is nothing more nor less than a reckless fraud: cover for the rehabilitation of the Fraudulent Finance derivatives orgy which is in fact nevertheless collapsing from the roof into the basement, as we predicted.

And the reason for this is that the exposures have been SO SUCCESSFUL that NO-ONE trusts what the US Treasury and White House, let alone the State Department, choose to concoct, which ‘as we speak’ entails a new scheme every few days, as the pressure of events sucks everything into its own vortex and nixes whatever new wheeze Geithner, Rahm Emanuel, Mrs Clinton, Vice President Biden and Barack Obama come up with. The objective is to re-ignite the now moribund derivatives sector that has been dealt a mortal blow by the exposures and that everyone in the business now realises is dead in the water, since the simple message that NO RECOURSE assets are by definition without value, has finally sunk in where it matters.

Witness what the big hedge fund manager Dan Loeb had to say about NO RECOURSE derivative assets on page C8 of The Wall Street Journal dated 16th March. Writing to investors in his Third Point Offshore Fund, Mr Loeb could not have been more specific:

‘One area we are decidedly NOT interested in is the ‘opportunity’ to purchase structured debt… with non-recourse leveraging from the US Government’.

‘One of our guiding principles is that we do not use financial alchemy (leverage) to turn mediocre returns into gold’. He’s buying gold instead.

‘A HORRIBLE, HORRIBLE FEELING THIS IS GOING TO END BADLY’
Also on 16th March, the Washington Post, running after red herrings as always, published an article which contained certain revealing observations by ‘people in the know’, but which (as usual) were designed to terrify Congress into leniency.

The article addressed the diversionary but nevertheless extremely disturbing (especially for the Obama Government which is supposed to be ‘on the side of the people)) issue of the AIG bonuses: a theme replicated, by the way, in London, where similar outrage has been expressed at bonuses being paid out to large UK banks and other participants in Fraudulent Finance Ponzi operations.

Lloyds Bank called us up to snoop around recently to see whether the Editor would be willing to part with collateral, for no good reason! Likewise, Coutts Bank is snooping around a colleague of the Editor’s who owns a half interest in certain development land, for the same purpose:

• GRABBING COLLATERAL, for use in a reignited derivatives ORGY, which won’t ignite.

The Washington Post item, entitled ‘Rage at AIG Swells as Bonuses Go Out’, contained this:

‘Company officials contend that the uproar is scaring away the very employees who understand AIG Financial Products’ complex trades and who are attempting to dismantle the AIG division before it further endangers the world economy’. HOW INTERESTING!

In other words, as others have pointed out, it is said to be ‘appropriate’ for the corrupt Fraudulent Finance technician foxes who orchestrated the corrupt orgy in the first place, to remain in charge of the hen house: otherwise the hen house will collapse.

”It’s going to BLOW UP’, said a senior Financial Products Manager, who spoke on condition of anonymity because he was not authorised to speak for the company. ‘I have a horrible, horrible feeling that this is going to end badly”. The same message was then immediately delivered to the Congress, which subsequently decided that the ‘way forward’, for their own ‘CYA’ purposes, was to tax the obscene bonuses by 90%, an unprecedented misapplication of the Congressional power to use the tax weapon, which will have devastating consequences for many bonus recipients who may already have spent or otherwise deployed the funds (probably offshore) in question.

TALF SUPPOSEDLY ‘TO REIGNITE THE SECURITIZATION MARKETS’: RIGHT
For further corroboration that of the accuracy of our analysis that the entire purpose of these mad financial manouvres is to ‘revalidate’ derivative assets that have no value, one only needed to read The Wall Street Journal’s blurb by Peter Eavis published on page C10 of that newspaper on the 12th March 2009, from which the following excerpts will suffice:

‘The TALF aims to reignite the securitization markets and increase the availability of consumer loans by encouraging investors to buy asset-backed bonds using borrowed money’, a mad formula which could only have been developed by financial sorcerers and witchcraft specialists.

First of all, the so-called assets to be used are not real assets at all but are fictitious constructs offering NO RECOURSE, as is precisely exposed with diagrams in International Currency Review Volume 34, #2, and further publicised by means of the four-page ICR leaflet which is being hand-distributed in appropriate US places ‘as we speak’, and which contains the three colour diagrams which illustrate the official Fraudulent Finance scams for any confused operative to see.

Secondly, to encourage cheap BORROWING for the purpose of such TRASH is not just amoral, but also shows that the Obama Administration is engaged in a defiant operation to proliferate its own brand of Financial Terrorism, since as usual the proceeds of these fictitious trades will be stashed untaxed in offshore bank accounts, while the Treasury accumulates debt in the background on a scale with no historical precedent, aggregating some $450 billion of debt per month between this month and the end of September 2009, on the basis of the Obama Federal Budget data WHICH ARE ALREADY OUT OF DATE: according to the Congressional Budget Office report published on 20th March, which stated that the Obama Administration’s agenda will gtenerate annual budget deficits of $1.0 trillion over the next ten years, over $2.3 trillion of debt-creating deficit will be incurred in excess of the Budget presentations, which were barely a month old: a display of utterly reckless irresponsibility that has appalled the Rest of the World and will lead to a hyperinflation.

• Indeed, there is rejoicing in Washington, we are told, that prices ARE RISING. Believe us, if they are rising amid the worst slump for a century, you can be very certain that they will be soaring in 18 months’ time, and probably much earlier than that.

The Wall Street Journal analysis elaborated:

‘Yet even though the (TALF) program offers as much as 20-to-1 leverage at generous interest rates, investors have pushed for concessions during the consultation process. And the Fed has agreed to some changes’. Note that TALF has not yet got off the ground: because no-one wants it.

‘One thorny issue: what to do when an asset-backed security purchased with TALF loans is subsequently found to be ineligible under the program. It is a valid concern, given the poor loan collateral shovelled into asset-backed securities during the credit boom’.

‘The original agreement said that when collateral is discovered to be ineligible, investors would have to pay back their loans or find eligible collateral’.

‘But investors felt this meant TALF loans weren’t truly non-recourse: meaning the lender can only claim the collateral it holds, and the borrower’s potential losses are capped. The new agreement should ensure the loans really are non-recourse’.

Have you understood the perverse stupidity of this convoluted upside-down reasoning? It goes: we need to be sure that the ‘assets’ really are non-recourse. Which is precisely what the biggest hedge fund moguls object to: vide Dan Loeb’s observations above.

So you see, there is not an icicle’s chance in Hades (which is where these crooks are headed) of the Obama regime’s substitute for sound finance, which he signed up to on his European tour last year, achieving the intended results.

On the contrary, choices made by the new team of Financial and Economic Terrorists (by their own legislated definition) in the White House, the US Treasury, the State Department, the George Bush Center for Intelligence (Terrorism), the Office of Naval Intelligence (ONI) and all the other nests of open-ended, reckless criminality such as the Office of the Vice President, who presides over the National Security Agency (NSA), have guaranteed a hyperinflation of unprecedented severity.

The Editor has noticed no alleviation of inflationary pressures in New York this March: quite the contrary. A breakfast in a diner that cost $3.50 four years ago now costs $12.50. Deflation?

HUGE THEFT OR ‘REASSIGNMENT’ OF FUNDS TOOK PLACE ON 17TH MARCH
On arrival in the United States, the Editor was almost immediately informed that a very large theft or ‘diversion’ or ‘reallocation’ of giga-funds, KNOWN ABOUT IN ADVANCE, was said to be scheduled to take place on 17th March 2009. At the end of that day, the Editor learned that Chinese interests had been paid a large sum IN CASH, not in Treasuries, to which they had objected.

Thus the ‘reallocation’, or part of it, about which we were warned in ‘real-time’, financed a payoff to the Chinese, in accordance with the pattern that has now become apparent. When a really large debtor gets nasty, the people in charge ‘find a way’ to make the necessary payment, in order, like drunks falling out of the pub, to sidestep an even ‘worse’ outcome.

Examples of this syndrome include a vast sum of money that was conveyed to the Vatican during the visit of the German Pope to America in April last year; payments made to the Mormon Church; payments to the Knights of Malta; and payments (or a payment) to the Knights Templar.

Now we have an instalment paid out to the Chinese, who are indeed owed colssal sums arising from transactions in the late 1930s and the recent expiry of the 70-year period after which the Chinese are required to be paid.

• The sums are so enormous that it will take the United States TWO GENERATIONS to pay what is owed. Let us consider why this payment (may have) finally ‘happened’.

Earlier in March, Chinese representatives of the Peking Government appeared at the World Court and demanded payment of monies owed following the recent expiry of the 70 years arising from the old Morgenthau ‘box deal’ of the late 1930s. The Chinese were reported to us by several sources to have obtained, in the week of 6th March, a lien on the Fed, which ‘works for’ the US Treasury.

On 12th March, against the background of ‘tensions’ between China and the United States over a staged confrontation at sea, the Chinese Foreign Minister, Yang Jiechi, paid a sudden visit to the White House. Mr Yang was also scheduled to meet Mr Barack Obama’s National Security Adviser, former Marine Corps General James Jones. On 11th March, Mr Yang had met Mrs Hillary (who is now relabelled ‘Rodham’, for Rodomski) Clinton, who pontificated that the United States and China needed to reduce tensions and to avoid a repeat of a weekend confrontation between American and Chinese vessels in the South China Sea.

However the ‘confrontation at sea’ represented a proxy ‘tension’ hotspot conjured up for the sole purpose of masking the ACTUAL source of tension between the two countries: namely the ongoing illegal and criminal behaviour of the US official financial fraudsters, and the Chinese intention of exercising their lien on the Federal Reserve, reportedly obtained from the World Court.

If exercised, this would have led to the immediate seizure by the Chinese authorities of all US assets within their jurisdiction, in Hong Kong, Singapore and elsewhere, and thus to a dramatic open-ended, publicised escalation of international tensions, which are explicitly and exclusively a consequence of the hijacking of the US power centres by organised criminal elements as exposed for several years now in these reports.

Any such development would also have collapsed what remains of international economic and financial confidence, would have dealt the final blow to what remains of the self-appointed elite’s deception called ‘globalism’ and would have catapulted the world much closer to World War: where we would appear to be headed anyway, thanks to the crass behaviour of the US authorities. Indeed, if they go on like this, World War III will be their sole recourse.

So, to ‘get round the Chinese problem’, funds had to be ‘reallocated’, like, ‘immediately’. A small part of the funds were found, we understand, by taking them from two projects:

(1) The two British aircraft carriers that were to have been constructed and ‘owned’ by The Queen, and probably also the two further aircraft carriers that were to have been made available to the European Union Collective; and:

(2) The Bush-era ‘missile shield’ project for Eastern Europe, much to the fury of Poland, which greatly distrusts the Russians and thought that this protective mechanism would go ahead.

These projects, representing Bush-era quid pro quos, have been ditched by the Obama clique in order to help pay off the Chinese parties, in order to achieve a belated stay of execution of the Chinese lien against the Federal Reserve, according to sources ‘special’ to this service.

And nor is this the first such ‘reallocation’ to have taken place under Obama’s watch.

THE $4.0 TRILLION THAT ‘SUDDENLY’ APPEARED AT THE U.S. TREASURY
Before he was reportedly arrested and placed in a 30-day cell recently, arch-fraudster Dr Alan Greenspan was stated to us by primary sources to have ‘stolen’ or diverted $3.0 trillion of funds, originally perhaps sourced from The Philippines. These funds, we understand, were ‘restored’ (like The Queen’s $52 billion ‘guarantees’, immediately after we had publicised that theft).

On or about Wednesday 18th March 2009, $4.0 trillion ‘suddenly’ appeared at the US Treasury, a fact reported to us by several sources and later confirmed. Of this total, $1.0 trillion was directed to the Federal Reserve, to finance the INCREDIBLE scheme to revalue worthless derivatives assets that was trailed by The New York Times on Saturday 21st March 2009 and subsequently announced by the spinning top named Timothy Geithner, US Treasury Secretary the following week (see below).

Although this is hypothesis, it is a fact that the US authorities operate THREE currency printing plants abroad, one of which is located in The Philippines, a deeply corrupt country where such operations can be hidden, no problem. It is understood that, in the past, Greenspoon presided over the printing of a large volume of currency there, which had NOT BEEN REGISTERED with the US Treasury. Under the new legislation, anything goes, so it would have been possible for the US authorities to have simply registered this currency, and then credited it to the Treasury’s books, before passing $1.0 trillion of it to the Federal Reserve.

The remaining $3.0 trillion was earmarked for payment to a US Paymaster on or about 23rd March.

Which leaves the matter of Greenspan’s further DETENTION up in the air. WHY was it decided, at the meeting held on 9th March, finally to shove Dr A. Greenspoon into a 30-day holding cell (again, according to special sources)? Uh, if the information is correct, NOT because of official outrage at the fact that George Bush Sr.’s very own corrupt trader had stolen colossal amounts of funds, so much as that the stolen or ‘diverted’ funds were being remitted directly to the corrupt apparatus serving the George Bush Sr. Crime Nexus: whereas certain current Financial Terrorists want the stolen funds in question to pass through/into their own and their cronies’ untaxed offshore bank accounts, instead of going direct into accounts within the Bush Sr. segment of the Octopus.

Hence, this is all about trying to prevent the TOTAL EXPOSURE of the PONZI MODEL, which applies right across the board and is the entire and sole explanation for the global crisis. We pointed this out as long ago as the first quarter of 2007, you may recall.

REPORT THAT PAPERS WERE SERVED ON DR BEN BERNANKE
We were advised during the week ending 6th March, and subsequently, that the Chairman of the Federal Reserve, Dr Ben Bernanke, had been served in person with indictment papers, in late February or early March. There have also been unconfirmed reports that the arch-criminal Mr Hank M. Paulson Jr., one of whose doubles was believed to have been shot dead between Christmas and New Year of 2007, is cruising for a bruising and may be indicted and arrested.

It is impossible to verify such ‘information’, so we simply report what has surfaced, with the caution that the self-appointed geomasonic elite are past-masters of the art of the duplicitous cover-up.

What they cannot handle is damage control when the roof and walls are caving in, and they find that they cannot steal enough supports quickly enough to prop up the metaphorically imploding money tower. They had no problem at all blowing up the Twin Towers and incinerating 3,000 people in the process: that was ‘not a problem’. But propping up the Fraudulent Finance edifice?

• They haven’t a clue. WORSE: They have perversely disregarded what they are supposed to be doing, in accordance with the Group of Seven-approved Refunding Programme, agreed upon in 2007 and 2008: allowing private sector-based trading operations to take place ON THE BOOKS, FULLY TAXED AND WITH MAXIMUM TRANSPARENCY, as reiterated in these reports. This is what these US financial engineers SHOULD be doing. Instead of which, they prefer financial sorcery and witchcraft. They will MOST CERTAINLY pay dearly for their wilful perversity.

• FACT: Private sector on-the-books trading would reliquefy the banks within weeks, or less, all above board, fully transparent and disclosed, and yes: TAXED. No more corrupt, clandestine, off-balance sheet Fraudulent Finance: but the banks survive AND PROSPER.

• FACT: The public sector cannot generate TAX ACCRUALS. It can ONLY generate DEBT, AND MORE DEBT, AND MORE DEBT. The private sector generates TAX ACCRUALS, which enable the Treasury to REDUCE ITS DEBT and thus the burden on taxpayers and future generations.

• FACT: It follows that the Obama Administration is perversely betraying the American people by DOING THE EXACT OPPOSITE OF WHAT IT KNOWS IT SHOULD BE DOING.

• This is TREASON.

• Don’t try to tell us that the US Treasury and the Federal Reserve don’t know that this is true and correct. They have BRAINS in both institutions: they can work it out for themselves: they don’t need to read about what they should be doing on this website. However MILLIONS of people around the world DO READ THIS WEBSITE, and they KNOW that this simple logic is ACCURATE.

Sooner, rather than later, the Obama White House and the Treasury will be FORCED to recognise that they should have done what the G-7 asked them to do, starting in 2007.

If they had paid attention, they would not have got themselves, through GREED and pride, into the horrendous, terminal mess they now face.

THE PRIMARY MOTIVE UNDERLYING THE RECKLESS BAILOUTS
The media focus on A.I.G., a huge laundry originally created under Frank Gardiner Wisner (born on 23rd June 1909; died on 29th October 1965) has failed to identify the most pressing factor that has been driving the reckless Fed money-spraying behaviour, which will generate hyperinflationary pressures the ‘early green shoots’ of which are already apparent. It is this:

• Placing compromised entities such as AIG (or General Motors) into bankruptcy would involve the appointment of a TRUSTEE. Under US bankruptcy arrangements, a Bankruptcy Trustee has almost unlimited powers to investigate every facet of what has been going on. One obvious focus of the Trustee’s investigations would be the 728++ AIG offshore ‘subsidiaries’, of which we have published a small sample in an earlier report [Archive].

• Many of these subsidiaries have names such as ‘Baker’ This and ‘Baker’ That; and one wouldn’t want the spotlight thrown onto James A. Baker III, would one?

So rather than implicate themselves further, the perpetrators are instead cynically mortgaging the futures of the next several generations of Americans by engaging in a reckless orgy of desperate Fraudulent Finance and creating colossal official debt in the background, which guarantees that the ‘enforcement arm’ of the World Revolution (the United States military) will in just a few years be unable to project its dangerous power around the world (a good thing) and that the Pax Americana, like the Anglo-American ‘special relationship’ (see below) has been destroyed.

All this is being done for one primary reason: to try to minimise the devastating consequences for the perpetrators of the ongoing exposures and the unravelling of the Fraudulent Finance orgy that has brought the whole world (deliberately?) to the brink of avoidable catastrophe.

A.I.G. FOUNDER FRANK WISNER SR.: LIAISON TO THE NAZI GEHLEN ORGANISATION
Frank Gardiner Wisner was a key figure linking the penetration of the US intelligence structures by Nazis to the present millennial crisis of the World Revolution. After being transferred from the US Navy Censor’s Office, Frank Wisner Sr. was transferred to the Office of Strategic Services (OSS), predecessor of the Central Intelligence Agency, and served in Turkey and Romania. His agents penetrated the Romanian Communist Party and the headquarters of the Soviet Army in Bucharest, whence he discovered that the Soviet Union intended to ‘annex’ the whole of Eastern Europe.

In March 1945, Wisner was transferred to Wiesbaden, Germany, where he served as OSS liaison to the Gehlen Organisation. General Reinhard Gehlen, referenced in some detail in the Editor’s book The New Underworld Order, was the brutal Nazi repression chieftain in the German-occupied areas of the Soviet Union, responsible for untold atrocities.

The Editor’s book explains, drawing from open information, that Gehlen, over time, managed to persuade the gullible Americans that Stalin, having supposedly absorbed Eastern Europe, was poised several years after the end of the Second World War, to overrun Western Europe with 210 divisions. Soviet Divisions are smaller than Western military divisions, but even so, at that time only one and a half of Stalin’s divisions which the strategic deceiver Gehlen represented were standing by to invade Western Europe, were mechanised.

• FACT: The rest were sill horse-drawn, in World War I mode!

With the postwar US State Department penetrated by agents of influence working for the German cause, the de-Nazification process was placed into reverse without President Truman’s approval, and very large numbers of Nazi scientists who had been working on Heinrich Himmler’s mind and personality control abominations and other hideous activities, were transferred by proprietary CIA transport aircraft under ‘Operation Paperclip’ and later programmes, to the United States with their families, with a sizeable contingent of Abwehr officers whose slates had abruptly been wiped clean.

This vote-face occurred after General Reinhard Gehlen had falsified information about Soviet intentions fed to the Americans, and had re-recruited many of his former operatives to operate clandestinely under cover of the Iron Curtain environment which focused the West’s attention exclusively on ‘containing the Soviet Union’, leaving Gehlen and his organization and associates free to pursue the Nazi long-range strategy that had been developed at the German Geopolitical Centre in Madrid, established in 1942 by the Nazi intelligentsia and the Abwehr, which had always recognized that Hitler was expendable.

These operatives perceived that the defeat of Hitler could be turned almost immediately to their advantage because the West would be likely to jump to the false conclusion that the death of Hitler would be synonymous with the permanent destruction of Nazism – a perception which proved to be accurate. In the new environment, and having effectively penetrated the CIA by the late 1940s, the Nazi cadres were free to pursue their long-range strategy without let or hindrance, especially since the East German State, while clothed in Communist garb, was actually a de facto continuation of the Nazi régime, with the East German STASI secret police operating precisely along Gestapo lines.

Information obtainable at Arlington National Cemetery reveals that Frank Wisner Sr. committed suicide in 1965 using one of his three sons’ shotguns, and was buried in the Cemetery as a naval commander, his wartime rank. The reason for Frank Wisner Sr.’s suicide has never been explained, but the official ‘line’ includes the following assertions, posted on a certain US intelligence website which ‘facilitates’ the rewriting of history:

• Wisner Sr. was recruited in 1947 by Dean Acheson to join the US State Department’s Office of Occupied Territories. When, a year later, the CIA invented a covert operations cadre, the Office of Policy Coordination (OPC), Frank Wisner Sr. was placed in charge.

The OPC’s secret Cold War charter included ‘propaganda, economic warfare, subversion against hostile states, including assistance to underground resistance groups, and support of indigenous anti-Communist elements in threatened countries of the world’.

• Wisner was responsible for establishing Operation Mockingbird, the purpose of which was to influence the foreign AND DOMESTIC media. This ongoing programme remains an extreme menace domestically, to this day, embracing approximately 60 websites, for instance, which routinely punch out deliberately confusing diversionary lies and disinformation – with the main orientation in the prevailing chaotic context being that its primary purpose these days is to obfuscate the rampant Fraudulent Finance operations that the US intelligence community has developed and exploited in order to finance its status as the arrogant, uncontrolled ‘State within the State’.

A key further purpose of Operation Mockingbird in its contemporary manifestation is to throw sand in the eyes of the 320,000+ scammed Ponzi victims who have been robbed blind by these official criminals and their underworld collaborators, in order primarily to prevent them from reaching for the weapons in their attics simultaneously.

Its overarching purpose is to generate as much confusion as possible, so that the reality that the entire Fraudulent Finance crisis is one gargantuan Ponzi Fraud is constantly obfuscated. Prior to the exposures, its main purpose domestically was to keep the 320,000 scammed Ponzi victims living in la-la land, entertained by the false gods Atonn, and Atonn with his Hatonn, and a-dreaming MK-Ultra-type dreams with space ships replacing moving stairways in accordance with mental taste.

• In 1952, Wisner was appointed head of the CIA’s Directorate of Plans, with Richard Helms as his operational chief, and control of 75% of the CIA’s formal budget. He was instrumental in bringing about the fall of Mohammed Mossaddegh, an Iranian Jew, in Tehran, and Jacobo Arbentz Gusmán, also of Jewish extraction, in Guatemala.

• When the FBI Director, Mr J. Edgar Hoover, became ‘jealous’ of the CIA’s unfettered power, he investigated the past histories of the OPC operatives, establishing that many of them had been active in left-wing politics in the 1930s. The information was provided to Joseph McCarthy, briefed to run an operation to discredit Communism. Hoover made sure that McCarthy was given details of an affair that Wisner had conducted with Princess Caradja in Romania during the war. Hoover also claimed that the Princess was a Communist agent.

• Crucially, Wisner worked closely with the British traitor Kim Philby, the British agent who was eventually unmasked as a Soviet spy but is believed by this service to have worked for the Nazis.

• The official ‘line’ concludes that Wisner was mentally destabilised by the Soviet crushing of the Hungarian Revolution – a piece of imaginative make-believe that we consider to be laughable.

However what is not laughable is that he then underwent psychoanalysis and was subjected to electroshock therapy. After treatment and apparent recovery, Allen Dulles, CIA Director of Central Intelligence, a long-term Abwehr agent, appointed Frank Wisner to be chief of the London Station. However he was judged to be still suffering from mental illness, was recalled to Washington, and agreed to retired from the Agency.

THE CIA BACKGROUND OF FRANK WISNER JR., A.I.G. VICE CHAIRMAN
Frank G. Wisner, eldest son of Frank Wisner Sr., born in 1938, very conveniently announced his intention to retire from the position of Vice Chairman, External Affairs, for American International Group (AIG) on 13th February 2009, when the heat in the kitchen became too hot. He had joined AIG in 1997, and was a Director of AIG from that year until 2003.

Here is a list of Frank G. Wisner Jr.’s ‘accomplishments’, apart from the senior AIG positions that this veteran and prominent CIA operative has held:

• US Agency for International Development, Vietnam, 1964-68.
• GAP in record from 1968 to 1979.
• US Ambassador to Zambia,, 1979-82.
• US Ambassador to Egypt, 1986-91.
• Senior US Deputy Assistant Secretary for African Affairs, US State Department, 1982-86.
• US Ambassador to the Philippines, 1991-92.
• US Under Secretary of State for International Security Affairs, 1992-93.
• Under Secretary for Policy, US Department of Defense, 1993-94.
• US Ambassador to India, 1994-97.
• Member of the Board of ENRON, 1997-99.
• Member of the Board of EOG Resources, 1997-
• Partnership for a Secure America Advisory Board Member.
• Trustee, Rockefeller Brothers Fund.
• Director, US-India Business Council.
• Member, Council on Foreign Relations (CFR).

Wisner Jr.’s domestic political affiliations illustrate our central point that it is neither here nor there which of the two wings of ‘The Party’ wins elections, as the Intelligence Power (the ‘State within the State’) always wins. He is named as having been associated with:

• Bill Bradley for President;
• Friends of Dick Lugar;
• Friends of Hillary;
• George W. Bush for President;
• Gore 2000;
• Hillary Clinton for President;
• John Kerry for President.

Politically, therefore, this man is whatever the male equivalent of a prostitute happens to be: totally devoid of principles and with infinitely ‘variable’ loyalties, and therefore ethics – a view confirmed by Vijay Prashad, then Assistant Professor of International Studies at Trinity College, Hartford, CT, in 1997. The Assistant Professor wrote:

‘When Wisner was US Ambassador to the Philippines (1991-92), Enron was engaged in negotiations to manage the two Subic Bay power plants. When Mr Wisner left Manila in July 1992, Enron won the contract and started managing the plants in January 1993. During Wisner’s long tenure in India, he fought long and hard to secure various deals for Enron’, and only left India when it appeared that Enron’s prospects in India, thanks to bribery and corruption, were secure.

Enron, of course, could hire whichever CIA operative it liked to do its dirty work, given that CIA operatives all believe they are protected from the consequences of their endless crimes by the crooks’ charter known as the National Security Act (et seq.), 1947. Thus, for instance, Vijay Prashad also pointed out that, to gain access to a lucrative contract to rebuild the Shuaiba power plant in Kuwait after it had been conveniently destroyed in Bush Sr.’s war, Enron hired James A. Baker III as consultant, ‘who travelled to Kuwait to negotiate for Enron’, a CIA scamming operation which, like BCCI before it, was later stripped bare, its cash and borrowings used for illicit off-balance sheet, untaxed, clandestine leveraging and hypothecation Fraudulent Finance to generate ‘new money’ for the overall Ponzi Programme and to help finance the corrupt CIA ‘State within the State’, and then left to wither as a corpse.

One imagines that the prospect for this 70-year old of winding up contemplating cockroaches in the Metropolitan Correctional Center along with Madoff while awaiting trial for his part in the scamming operations perpetrated by A.I.G., should it finally collapse, was less than enticing: hence his exit.

We will now address some broader related issues before reverting to current themes.

U.S. SEEKS CONTROL OF INTERNATIONAL CRIME, TERRORISM AND DRUG TRAFFICKING
On 8th November 2005, The Jewish Institute for National Security Affairs [JINSA], which is located in Washington, DC, published a press release about a panel it had sponsored on ‘Terrorism in Latin America’, in which it reported that the event had been opened by the hardline ‘conservative’ US Republican, Congressman Dan Burton, who had made the following statement: and we quote:

‘US national security interests in South America include control of international crime, terrorism, and drug trafficking’.

Congressman Daniel Burton did NOT say:

‘US national security interests in South America include DEFEAT of international crime, terrorism, and drug trafficking’. OR:

‘US national security interests in South America include ERADICATION of international crime, terrorism, and drug trafficking’. OR:

‘US national security interests in South America include REDUCTION of international crime, terrorism, and drug trafficking’. OR:

‘US national security interests in South America include SUPPRESSION of international crime, terrorism, and drug trafficking’.

NO. What Congressman Burton said, DELIBERATELY AND SPECIFICALLY, as reported in the JINSA Press Release (page one) was:

‘US national security interests in South America include CONTROL of international crime, terrorism, and drug trafficking’.

In other words, the Congressman spoke the truth. Yes, it is indeed United States policy to:

• CONTROL international crime (i.e. to RUN international criminal operations).

• CONTROL terrorism (i.e. to orchestrate international terrorism on an open-ended basis).

• CONTROL drug-trafficking worldwide.

You will already have observed, no doubt, that although Congressman Dan Burton was addressing a REGIONAL conference (on terrorism in Latin America) he did not in fact qualify his remarks so that they referenced just Latin America alone. NO. What he did was to emphasise that it is in the United States’ national interest to ‘CONTROL’ international crime, terrorism and drug-trafficking.

• Not REGIONAL crime, terrorism and drug-trafficking, but GLOBAL ditto.

Just consider precisely what this means. In summary, what the Congressman said was that the entire complex of US Government assets and power is geared to achieving CONTROL over these heinous activities, that is to say SPONSORING, DEVELOPING AND EXERCISING HEGEMONY OVER THESE CRIMINAL OPERATIONS. When did the American people authorise THAT?

And Congressman Burton helps us all to understand that it is ‘in the US national interest’ that the United States’ Government IS a criminal enterprise.

This being the case, we should not be surprised at any of the abominations involving despicable operatives in high places that have been referenced in these reports since we had to start posting them. After all, IT IS IN THE U.S. NATIONAL INTEREST that these abominations should take place!

A CRIMINAL GOVERNMENT OPERATING ON DURKHEIM PRINCIPLES
Welcome back to the DURKHEIM PARADIGM: the model used by these Fraudulent Finance types.

Emile Durkheim (1856-1917), postulated and promulgated that the ‘natural’ norm for humankind was criminality, and that the absence of criminal behaviour was by definition aberrant. Note that in so doing, Durkheim not only specifically contradicted the glorious hope and truth of Jesus Christ, but also the core teachings of his own Torah. According to Durkheim, the Rule of Law and adherence to it are disoriented, perverse, eccentric and somewhat pathetic.

Notice any relationship to the arrogant criminal high-level behaviour spelled out in these reports?

BUSH-CLINTON-CIA DRUG-TRAFFICKING LINKS TO STANFORD OPERATION
Next, you may by now have had a chance to read through the full text of the Complaint filed by the Securities and Exchange Commission on 16th February against R. Allen Stanford, James M. Davis, Laura Pendergest-Holt, Stanford International Bank Limited, Stanford Group Company and Stanford Capital Management LLC posted by this service on 12th March 2009.

This Bush-Clinton money laundry operation developed from the Tupelo and Memphis laundry used by the Clinton gang, and subsequently by the Bush gangsters when they were running ‘Black’ drug deliveries into Miami and Mena, Arkansas. The Chief Investment Officer for Stanford, 35-year-old Laura Pendergest-Holt, who was also head of ‘transfer operations’, was arrested on 25th February and taken to a location near Houston described to us by a Houston-based source as ‘super-secret’. Word from the source, based on ‘inside’ information, was that she was ‘singing like a canary’, and would be arraigned before a Federal Court on 27th February 2009. However, like ‘Sir’ Allen Stanford himself, this woman has in fact refused to cooperate with the special (not regular) FBI investigating team, and with the United States District Court for the Northern District of Texas, Dallas Division.

According to our sources, the ‘transfer operations’ involving colossal sums of money were those designated in the S.E.C. Complaint as ‘Tier 3 Investments’. You can read how Stanford represented these investments by perusing the complete text of the Complaint [see Archive].

So what we have is another Bush-Clinton money laundry and criminal finance distribution operation handling drug proceeds (‘Black Ops’), in the process of being closed down. And it will have been observed that 70-year-old Bernard L. Madoff pleaded guilty to all 11 counts against him, refusing to acknowledge that his operation was part of a much broader conspiracy (as was the case, given that Madoff was ‘recruited’ we understand, by the Bush Spider [‘Die Spinne’]).

As a result, Madoff, who will be sentenced in June, faces serving;

• 20 years for Securities Fraud (Count One);
• 5 years for Investment Adviser Fraud (Count Two);
• 20 years for Mail Fraud (Count Three);
• 5 years for Wire Fraud (Count Four);
• 20 years for international money laundering to promote specified unlawful activity (Count Five);
• 20 years for international money laundering to conceal and disguise the proceeds of specified unlawful activity (Count Six);
• 10 years for Money Laundering (Count Seven);
• 5 years for False Statements (Count Eight);
• 5 years for perjury (Count Nine);
• 20 years for making a false filing with the SEC (Count Ten); and:
• 20 years for theft from an employee benefit plan (Count Eleven).

REASON FOR REFUSAL TO IMPLICATE OTHERS: DEATH THREATS TO FAMILY MEMBERS
Obviously, in Madoff’s case, the prospect of him dying in prison could not be higher. In the case of Pendergest-Holt, however, she would possibly expect to be freed by her 65th birthday if she had been prepared to implicate others (which she is reported to have done when ‘singing like a canary’ but this is inconsistent with the reported fact that she is ‘not cooperating’).

Assuming that she is not, we have (a) Mr Madoff who would have nothing to lose (ostensibly) by cooperating, since his outcome would not be affected; and (b) Pendergest-Holt who could improve her prospects some, by cooperating. So why aren’t these people (including Stanford who, it will be recalled, was picked up in Virginia, intelligence community country, after his Credit Card had been refused by a firm he approached to fly him privately to Antigua), cooperating with authorities?

There can be only one obvious explanation for this common factor: they have all been threatened: if you ‘shop’ other components of the Octopus, we’ll murder your family members.

OTHER PONZI SCHEMES ON BRINK OF BEING EXPOSED: ‘PONZIMONIUM’
On 20th March, Bart Chilton, a Commissioner for the US Commodities Futures Trading Commission, said that ‘rampant Ponzimonium’ was being uncovered by the authorities all over the place. And as previously reported here, it is believed that at least TEN large European Ponzi schemes are ‘waiting to unravel’ ‘as we speak’. Some are believed to be larger than the Madoff frauds.

MADOFF ACCOUNTANT FRIEHLING ARRESTED: SECURITIES FRAUD
On 18th March 2009, David G. Friehling. Madoff’s accountant, who operated from a small storefront office in the New York City suburb of New City in Rockland County, was arrested and charged with securities fraud and with aiding and abetting the investment adviser fraud perpetrated by Bernard L. Madoff. A related civil case was filed against him and his firm, Friehling and Horowitz, by the Securities and Exchange Commission.

Friehling was accused by United States Attorneys Lisa A Baroni and Marc Litt, in a filing before United States Magistrate Judge Theodore M. Katz, Southern District of New York, of deceiving investors by creating false and fraudulent certified financial statements for Bernard L. Madoff Investment Securities LLC and its predecessor corporation, and causing those certified financial statements to be filed with the US Securities and Exchange Commission (Securities Fraud: Count One). Count Two accused Friehling of Investment Adviser Fraud; Counts Three to Six dealt with False Filings with the Securities and Exchange Commission.

Special FBI Agent Keith D. Kelly stated in his sealed complaint, of which the Editor obtained a copy from the United States Court for the Southern District of New York on 20th March 2009, that David G. Friehling’s audit workpapers did not include documentation showing that Friehling had:

• (a) Conducted independent verification of his client’s assets;
• (b) Reviewed material sources old Madoff revenue, including commissions;
• (c) Examined a bank account through which billions of dollars of Madoff’s clients’ funds flowed;
• (d) Verified liabilities related to Madoff client accounts; or:
• (e) Verified the purchase and custody of securities by Bernard L. Madoff Investment Securities LLC and its predecessor, Bernard L. Madoff Investment Securities.

The FBI Agent stated that Friehling did not request back-up documents or make enquiries required for any auditing procedure that is compliant with accepted standards, and failed to take any steps, between 1994 and 2008, to test internal controls over key areas such as redemptions by Madoff’s enterprises of clients’ funds, the payment of invoices for corporate expenses, or the purchase of securities by Madoff for its clients. (It has been separately confirmed that Madoff did not purchase a single security for at least 13 years).

The American Institute of Certified Public Accountants (AICPA) requires that accountants who are members and who perform audits must undergo a peer review process, which includes a review of audit work papers. The FBI Special Agent elaborated that ‘each year, from at least 1994 through and including 2008, while he was certifying to the SEC that he was performing annual audits of Bernard L. Madoff Investment Securities in conformity with [the required standards], David G. Friehling, the Defendant, represented to the AICPA that he did not perform any audits, thereby avoiding the peer review process’.

This contradiction, extremely damaging for Friehling, highlights the PRACTICAL CONSEQUENCES of Fraudulent Finance upon discovery of the frauds in question. What is happening generally is that similar contradictions are being exposed every day, clashing with the Rule of Law in an endless series of ‘train wrecks’, which will continue for years.

Agent Kelly added:
‘In each… Report accompanying Bernard L. Madoff Investment Securities’ financial statements, Friehling… falsely stated that “we conducted our audit in accordance with auditing standards generally accepted in the United States of America”, when in fact he had not. Friehling also falsely stated that the audit “include[d] examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements”, when in fact, no such examination ever took place.

The acting Director of the SEC’s New York office informed The New York Times (20th March 2009) that Friehling ”essentially sold his license to Madoff for more than 17 years while Madoff’s Ponzi scheme went undetected”.

Further, under US law (Title 17, Code of the Federal Regulations, Section 240.17a-5(f) (3), the accountant must be independent in accordance with the provisions of Title 17, Code of Federal Regulations, Section 210.2-01 (b) & (c). Under that provision, an accountant’s independence is impaired when an accountant, or an accountant’s immediate family member, has ‘brokerage or similar accounts maintained with a broker-dealer that is an audit client if… the value of assets in the accounts exceeds the amount that is subject to a Securities Investment Protection Corporation [SIPC] advance, for those accounts, under Section 9 of SIPA (16 U.S.C. paragraph 78fff-3)…. Under Title 15, United States Code, Section 78fff-3(a), advances from SIPC are limited to a maximum of $500,000 to each customer’.

At the end of each year, between at least as far back as 1995 and 2007, an account owned by Friehling or his wife held equity balances in excess of $500,000. If convicted on all six Counts, David Friehling faces 105 years in prison. In Part 1 of our list of Madoff ‘victims’, posted on 6th February 2009 [Archive], the following Friehling accounts are displayed:

DAVID FREIHLING FRIEHLING AND HOROWITZ FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FRIEHLING & HOROWITZ CPA PC FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FRIEHLING & HOROWITZ CPAS FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FRIEHLING & HOROWITZ CPAS FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FRIEHLING AND HOROWITZ FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW YORK, NY 10956
DAVID FRIEHLING FOUR HIGH TOR R0AD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05403
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956H5703
DAVID FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID G FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID G FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOUR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956 05703
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956
DAVID G FRIEHLING CPA FOUR HIGH TOR ROAD NEW CITY, NY 10956

DOUBLE STANDARD FOR MUNICIPAL ISSUERS
The Securities and Exchange Commission under Mary Schapiro, its new chief, is now of course trying to rectify its own battered reputation for laxity. Given its reportedly laid-back attitude for years while these abuses were both routine and accumulating, it cannot now afford to allow a single exposed instance of breach of the Securities Acts and regulations to be overlooked.

• Yet at the same time, municipal issuers are reported to be among the worst offenders in terms of lax filing behaviour in conformity with their statutory obligations.

According to research published in The New York Times on 22nd March 2009, even though US hospitals, cities and states that borrow money are required by their bond covenants to make the required filings, nondisclosure among the community of nearly 65,000 US municipal issuers is commonplace. DPC Data, based at Fort Lee, New Jersey, which collects information on municipal securities transactions, says that 50% of such issuers are more than a year late with their filings with the SEC, while 25% are said to be chronically delinquent, by three years or more.

Apparently legislation on the Statute Book dating from the 1970s restricts the SEC’s powers to investigate municipal issuers that fail to make the required disclosures. The SEC can spring into action only if fraud is suspected. This means that when fraud does take place in this $2.7 trillion marketplace, but is not suspected, the perpetrators ‘walk away’. The small print enables the SEC to take action against brokerage firms that underwrite municipal bonds if the brokers ‘allow’ an issuer to sell debt securities without being up to date with filings for the most recent five years. However such interventions are described as ‘unusual’, code for: it never happens.

Industry insiders therefore confirm that noncompliance with filing requirements in this sector attracts zero penalty. Peter J. Schmitt, Chief Executive of DPC Data, said that failure to enforce disclosure rules in the municipal securities market ‘has created a no-penalty environment that leaves investors defenceless against questionable practices by dealers’.

One proposal now before Congress is that the Municipal Securities Rule-Making Board, a self-regulating agency established by Congress in 1975 to devise rules by brokerage firms and banks that sell and trade in municipal bonds, should be merged with the SEC, which already ‘oversees’ its operations: to no apparent effect.

All in all, this represents another vast US marketplace in which parties appear to have been playing fast and loose with the rules, so that investors may have been paying over the odds for distressed bonds without being aware that the debt issuers were under stress, let alone that fraud was going undetected: another instance of double standards: one standard for the likes of David G. Friehling, and another for a hospital board in Cincinnati, Ohio.

SLOW AND PAINFUL PROGRESS IN ‘TAKING DOWN’ THE OCTOPUS
As the SEC Stanford Complaint [Archive: 12th March] makes clear, the Stanford leg of the Octopus was destabilized as a direct consequence of the Madoff implosion, which followed the ‘lockdown’ on 10th-12th September 2009 of the $14.0 trillion of real funds, including the $6.2 trillion of LOAN money belonging mainly to the British Head of State and made available to finance the Group of Seven-Approved on-the-books Dollar System Refunding operation described in previous reports.

Madoff was battling with a reported $7.0 billion of redemption requests from October 2008 onwards, after ‘spare’ liquidity had completely dried up, except for drug money flows, completely, following the ‘lockdown’. Likewise, the SEC’s Stanford Complaint document revealed that ‘in recent weeks… an increasing amount of liquidation activity’ had been monitored, plus ‘attempts to wire money out of its investment portfolio’. The Commission had received information ‘indicating that in just the last two weeks, SIB has sought to remove over $178 million from its accounts’.

Accordingly, the sequence of events is clear: ‘lockdown’ of the real-money $14.0 trillion, triggered on our advice as a consequence of the rampant ongoing abuses of these funds perpetrated by the US authorities and the corrupt US money center banks participating in the US Treasury’s Custodial Account network; the consequent drying up of interbank market liquidity, drug money flows being insufficient to keep the vast carousel going; exposure and implosion of the Madoff Ponzi networks; leading directly to the exposure and implosion of the Stanford Fraudulent Finance operations.

Although it is true that Ponzi Scheme collapses such as these are considered by the biggest and most ruthless ‘players’ to represent mere collateral damage while ‘life moves on’, the reality is that these developments represent material gains in the process of ‘taking down’ the Octopus, which has so many tentacles that it may well take more than a generation for the beast to be slaughtered. But just remember the state of affairs two years ago: back then, the US criminalist classes thought there would and could never be any effective opposition. Recent events and have compelled some of the less arrogant of these creatures to accept that they were wrong.

Which makes it all the more extraordinary that, notwithstanding such developments, the stealing and diversion of funds has continued on an even larger scale, according to reports received during the first quarter of 2009, under Obama than under the discredited predecessor régime – even though some observers think that Mr Obama is not in charge of events.

STANFORD OPERATIONS AND THE OCTOPUS
Whether Obama is or not, a photograph of Mr Obama and Stanford published by Wayne Madsen’s service on 19th February, and public domain intelligence to the effect that Stanford’s island base of Antigua has featured prominently as a center of operations for the Israeli-Russian mafiya, make it clear (a) that President Obama knew about Stanford before he came to office and (b) that Stanford’s activities, in which many governments have taken an interest for years, were unsavoury. Stanford, who has been exposed as a long-time associate of the Bush Crime Family, has his Houston offices, Madsen reported, ‘directly across Westheimer Road in the part of the Galleria complex where the Carlyle Group offices are located. Coincidence? Not with the Bush criminal cartel’.

• On 18th March it was reported that Madsen was arrested while he was meeting a source with knowledge of Stanford’s connections, but both were later released.

According to ABC TV, in 2008 Mexican authorities seized one of Stanford’s private jets as part of an investigation into the Gulf Cartel by both the Mexican authorities and the FBI. Inside the cabin of the Gulfstream jet, police found cheques connected to drug cartel recipients. On 1st January 2009, the one-man-band accountant based in Antigua who had provided Stanford with ‘auditing’ and related services, died mysteriously just one day after the expiry of his contract with Stanford.

STANFORD ‘TOOK OVER’ FROM NORIEGA AGAINST WHOM LEHDER TESTIFIED
As previously reported, R. Allen Stanford ‘took over’ from Noriega, after Bush Sr. had double-crossed the Panamanian operative; and indeed, drug-running connections to Stanford are widely accessible in the public domain. Which brings in the covert DVD operative, Carlos Lehder Rivas, born in the United States of a Colombian mother and a German father.

Carlos Lehder began his life of crime as a low-level drug dealer in Michigan, and after doing time in jail for a drug-related car theft, Lehder ‘decided’ to seek his fortune in Colombia, according to the open ‘legend’. In reality, he was targeted and then recruited by or on behalf of the German ‘Black’ counterintelligence agency which is the heir of the Nazi Abwehr, Deutsche Verteidigungs Dienst (DVD), based in Dachau, near Munich, almost certainly with the knowledge or on the instructions of George H. W. Bush Sr., the top Godfather implementing long-range DVD criminalism strategy in the Americas. As we have repeatedly mentioned, the headquarters building of the Central Intelligence Agency is named the George Bush Center for Intelligence, a simple fact which itself confirms the pinpoint accuracy of Congressman Dan Burton’s revealing admission above.

Lehder was so well-placed that when housed in a two-cell unit at the US Penitentiary in Marion, IL, he was given a telephone, which he used to contact aides to the then-Vice President George H. W. Bush, who had been in charge of the CIA during the early years of the Medellín Cartel. The Editor’s book The New Underworld Order develops intelligence to reveal that the Colombian drug cartels were in fact established with the close assistance of the CIA and that foreign operations inside the CIA (which turned out to be German and Soviet) were instrumental in their evolution.

EFFICIENT TEUTONIC ORGANISER OF THE MEDELLIN CARTEL FOR BUSH/CIA
According to a report in the Pittsburgh Post-Gazette published in May 1996, Carlos Lehder Rivas used an efficient, high-tech approach to cocaine smuggling that facilitated the bulk shipment of the drug in mass volume. Using a remote landing strip, Norman Cay, in The Bahamas, which Lehder had secured by bribing Bahamian officials and scaring off inhabitants.

Lehder arranged for jets loaded with bulk cocaine to land at Norman Cay, where the drug would be loaded onto similar aircraft and dispatched into northern Florida, Georgia and the Carolinas. These unexpected destinations made evasion easier because the authorities were only then watching the United States’ southern borders.

Following this ‘success’, Lehder talked other drug lords into forming a cooperative based in the northwestern industrial city of Medellín. At the peak of the Medellín Cartel’s power, a jet loaded with up to 300kg of cocaine would fly into the small Bahamian airstrip every hour of every day, 24/7. The similarity with the operation using the Mena, AK, airport facility has not been lost on observers.

CATALOGUE OF VIOLENCE UNLEASHED BY LEHDER
Gross, unfettered, demonic violence, typical of the German Nazi mentality, accompanied all of the Medellín Cartel’s operations.

A US Federal detention order for Lehder drawn up in 1987 stated that Lehder and other Medellín Cartel operatives were responsible for assassinating the Colombian Justice Minister in 1984; for the 1985 armed attack on Colombia’s Supreme Court building that killed eleven justices and 84 other people; for assassinating two Colombian newspaper editors and 26 other journalists; for shooting the Colombian Ambassador to Hungary in 1987; and for a long list of murders of police officers, informants and government officials. Lehder also threatened to kill one Colombian Federal Judge a week if he was caught, prompting US officials to place narcotics agents, their families and other officials on worldwide alert after Lehder was finally arrested.

Yet when, following three years of US pressure on Colombia to adhere to an extradition treaty and turn Carlos Lehder Rivas over, he was finally extradited, Lehder was given kid-gloves treatment from the outset. For ‘public consumption’, the reason for this approach was that the Government wanted Sr. Lehder to testify against General Noriega, who had interfered with the George Bush Sr.-related drug operations in the region (i.e. Bush had double-crossed Noriega, as he always does, not the other way round).

In reality, Lehder’s evidence, as previously reported, was useless: and Mr Robert Merkle, the US Attorney at Tampa, Florida, at the time, who had prepared a Noriega indictment, believed that he had more than enough evidence against Noriega for any input from Lehder to be superfluous.

In the event, Carlos Lehder testified that he had had no direct contact with Noriega, although he acknowledged that the Medellín Cartel had paid millions of dollars to the Panamanian President. For much of his testimony against Noriega, Carlos Lehder Rivas in fact indulged in rambling tirades about US imperialism. This is routine among not only the ‘former’ Soviet apparatus, but among Nazi operatives, to this day. Anyone who doubts this fact should study the hatred tirades by Argentine Nazis against the United Kingdom, as part of the ongoing DVD-manipulated campaign by Argentina (which has failed) to acquire sovereignty over the Falkland Islands.

• In 1982, the Argentine junta was given the ‘green light’ by the secret German ‘Black’ penetration agent, George H. W. Bush Sr., then Vice President of the United States and in charge, therefore, of the National Security Council, to invade the Falklands.

LEHDER EXFILTRATED TO GERMANY UNDER CORRUPT 2000 ELECTION PAYOFF DEAL
When the time came for the 2000 US Presidential election to be stolen, ready money was needed to pay off the Democratic National Committee (which received a $32 million payoff) plus the judicial, law enforcement and legal parties whose cooperation suddenly became necessary and who were to be paid $8 million: whereupon Lehder was tapped in jail for the necessary $40 million in bribes.

The deal was that the top representative of the Bush Crime Family who required the ready cash (because of course the Bush Crime Family could not be expected to part with a single rotten cent of their own ill-gotten gains) would arrange for Lehder’s immediate exfiltration to GERMANY in exchange for Carlos Lehder Rivas extracting $40 million from a bank account on demand.

STANFORD LINKS TO FUND RUN BY BIDEN FAMILY MEMBERS
Recalling again that the Stanford tentacle of the Bush-Clinton-CIA money laundering and financial distribution network ‘took over from’ Noriega’s drug-trafficking operations, the revealing article entitled ‘Stanford has links to a fund run by the Bidens’ published in The Wall Street Journal on Tuesday, 24th February 2009, was clearly of more than incidental interest. The report stated:

‘A fund of hedge funds run by two members of Vice President Joe Biden’s family was marketed exclusively by companies controlled by financier R. Allen Stanford, who is facing Securities and Exchange Commission accusations of engaging in an $8.0 billion fraud’.

‘The $50 million fund was jointly branded between the Bidens’ Global Advisors and a Stanford Financial Group entity and was referred to as the Paradigm Stanford Capital Management Core Alternative Fund’. ‘Paradigm’ is a high-level Masonic key-word. Stanford-related firms marketed the fund to investors. Paradigm Global Investors is owned through a holding corporation by the Vice President’s son Hunter, and Joe Biden’s brother James, the newspaper stated.

Paradigm’s Attorney, Mr X. LoPresti, told The Wall Street Journal that ‘the fund has offered to turn over the $2.7 million investment it received from Mr Stanford’s firm in 2007 to a Court-appointed receiver in the SEC’s civil fraud case involving Mr Stanford’.

Crucially, Mr LoPresti told the newspaper that the Stanford entities put up the $2.7 million in seed money and marketed the (Paradigm) fund to investors. SEC records show that the fund, which was launched in June 2007, had 104 investors as of November 10, 2008, with assets of $49.8 million. Paradigm, based in New York, manages assets worth about $270 million.

Paradigm is/was mentioned on the website of a Stanford entity called Stanford Trust Company, as one of that firm’s ‘investment management strategies’.

Attorney LoPresti confirmed that under an agreement, the Stanford group was entitled to share in a proportion of the fund’s management and performance fees.

When the Bidens bought Paradigm in 2006, the purchase was accompanied by bitter litigation. A knowledgeable source separately references the sale of the MBNA Credit Card operation to the CIA’s very own Bank of America, the proceeds of which deal provided lubrication.

It will have been observed that if Stanford, a Fraudulent Finance operation, was marketing the Biden-owned Paradigm fund to investors, the owners and managers of the Paradigm entity, viz. members of Vice President Joe Biden’s family, may have been co-conspirators in the marketing of fraudulent securities to Americans in various US States. Wire Fraud. 20 years.

OTHER BIDEN BACKGROUND SCANDALS
Separately, Joe Biden had to agree finally to pay for the hire of a jet plane, after ignoring repeated requests for payment from the owners of the aircraft. This particular Biden scandal was exposed by an accountant (CPA), whom Biden still reportedly owes $15,000. A distinguished lady known to the Editor for many years now, worked on Mr Joe Biden’s Presidential campaign financial disclosure engagement. The source tells us:

‘I busted it for him and got everything right. He stiffed me for over $15,000 worth of work. He refused to pay once he dropped out of the race. I undertook similar Capitol Hill campaign financial disclosure work for Bob Dole, Pat Buchanan and a Democratic Candidate for Ambassador to New Zealand. All those folks paid me even though they either lost the election or else did not get the appointment. That type of work is very demanding and very tedious because your efforts are scrutinized by Congress. Biden did not care’.

BIDEN ATTEMPT TO SET US UP/USE THIS SERVICE
As previously reported, the Editor exercised his discretionary right NOT to publish certain details that were proffered to us over the weekend of 7th-8th March 2009 – at the instigation, it transpired, of Vice President Joe Biden and certain gentlemen of Italian extraction.

Specifically, Michael C. Cottrell, B.A., M.S., received an insistent request for him to ‘ask’ the Editor to publish certain information which would have had the effect of shifting the blame for ongoing financial misappropriations and thefts squarely onto the previous (Bush) Administration, thereby redirecting the focus of attention away from the ongoing sabotage of overdue settlement payments perpetrated under the Obama-Biden Administration itself.

The only element of the information, which had been made available to the Editor IN WRITING, that was used, was the request from US sources for us to amend our earlier reference to ‘about $50 billion of funds belonging to The Queen’ having been stolen in the context of the withdrawal on 29th January 2009 of the $14 trillion in cash including the $6.2 trillion of LOAN funds, to read ‘$52 billion of ‘guarantees’ signed by the Queen (no funds stolen)’.

A guarantee with The Queen’s signature could arguably be said to be by far the most valuable prospective collateral in the world: so the stealing of these guarantees worth $52 billion face value seems to us to be even more serious than the stealing of $52 billion of monies belonging to the British Sovereign. We were subsequently informed that the ’52 billion of guarantees’ signed by the Queen had by some miraculous process been ‘restored’.

In other words, if I break into your house and steal all your family’s silver with a view to pledging it as collateral at a bank for a loan, but I get caught in flagrante and so send the stolen silver back, I have made restitution and remain a free man. We don’t think so. A theft took place, more than fully justifying The Queen’s belated decision to withdraw the LOAN funds, which had been languishing ever since they were made available via the Bank of England to the Bank of New York Mellon on 19th-20th June 2007 for the purpose of financing the Group of Seven-approved transparent, on-the-books, fully taxable Dollar System Refunding Programme, which would reliquefy the money center banks ON THE BOOKS not only AT NO COST TO THE U.S. TREASURY, but also to the huge advantage of the Treasury, which would receive an open-ended cascade of tax payments.

Interestingly, by way of ‘blowback’ from this development, it was reported to the Editor at 5:00pm on Sunday 22nd March that President Obama had told associates words to the effect that ‘I don’t care whether it’s the fault of my Administration or the previous Administration [that the numerous overdue settlement payments have been held up]. It’s got to be done’.

This outburst was either staged (very possible) or else reflects a blazing row that appears to have taken place between President Barack Obama and Vice President, Joe Biden, who has completely discredited himself by actually authorising an operation to try to persuade us to publish certain information that would have assisted him inter alia at his then imminent appearance on behalf of the US Government at the World Court. Although this institution is anathema to Washington, the US Government cannot avoid dealing with it, as other countries use the Court to press their claims against a pariah country called the United States.

And indeed, during the same period, Vice President Biden was reported to have appeared at the World Court, where he was refused a hearing. Had the information that we were pressed to publish actually appeared on our website, we are told that the outcome might have been different.

The attempted Biden set-up involved us publishing a series of detailed known facts concerning the misappropriation (on 18th January 2009, immediately ahead of the Inauguration) of the CMKX $12.8 billion, which would have explicitly implicated George W. Bush Jr., George H. W. Bush Sr., Dr Alan Greenspan, and the Carlyle Group in the theft of the CMKX funds. Since certain elements of the proffered information could not be verified and the pressure to publish this was not only traced to the Office of the Vice President but we were expressly informed that Mr Joseph Biden wanted the information published, we declined to agree to this quite extraordinary request – a refusal which caused consternation and much anger all round.

Further, the Editor decided that the exceptional pressure that had been exerted upon Mr Cottrell, asking him essentially to ‘order’ the Editor to publish this material, constituted not only the exertion of unfair pressure on Mr Cottrell himself, but a gross infringement of the Editor’s right to decide precisely what and when he will publish: a view with which Mr Michael Cottrell, who had been most uncomfortable with the request, immediately agreed. In fact both parties simultaneously concurred that since neither was satisfied with the information, let alone the motives behind the request, the material could not be published without further clarification (which was not forthcoming).

At all events, it is understood that this refusal by the Editor caused much annoyance all over the place: and the reason soon became clear. Mr Biden’s reported foray to the World Court flopped, because whatever he was asking for (believed to entail blaming the previous Administration for the Obama Administration’s failure to date, to perform) simply wasn’t believed. Had we published what was proffered to us, the outcome might have been different.

• In a separate instance of the US propensity to try to entrap the Editor of this service, information has recently appeared elsewhere concerning the Clinton theft of $500 million from Bank Crozier in Grenada, in the 1990s – a theft that we have referred to in International Currency Review, based upon our own long-term investigative research. It was being falsely alleged that this theft ‘must have’ occurred some time in 2003, which is not true. The purpose of this falsified information and provocation, devised by ‘Die Spinne’, was to inveigle the Editor into ‘correcting’ this false report, which the Spider hoped might have certain ‘repercussions’, given the operative currently serving as American Secretary of State.

However if we were to try to correct the lies, deliberately cynical diversionary distortions and other ‘reinterpretations’ of what we know to be true, that litter US websites, we would be fully engaged in that futile process and we would get no publishing work done at all.

CHINESE REPORTED TO HAVE OBTAINED LIEN ON FEDERAL RESERVE
By contrast, the Chinese Government, as noted above, went to the World Court in early March and obtained a lien on the Federal Reserve, we were informed. This was reportedly forthcoming after the Chinese parties had concluded that the Obama Administration had no more intention than its corrupt predecessor to meet its old financial obligations towards the Chinese, which relate to US undertakings made in the late 1930s for a 70-year period which has expired.

In this connection, the US authorities had originally assumed that the cap placed on the price of gold would limit their liabilities to the Chinese parties for all time: but because the Bretton Woods monetary system collapsed in the early 1970s, and even more to the point because the United States has been hijacked by ruthless organised criminal gangs whose only interest has been self-enrichment, funding the ‘State within the State’ and thus the World Revolution for three decades now, the price of gold has long since broken loose, while in terms of gold the dollar’s value has of course accordingly declined – so that it will, we are now told, take several generations for the US authorities to recompense the Chinese without resorting to war.

This horrendous strand of the crisis is overlain by the multiple other evil strands about which the ‘mainstream media’ have remained culpably silent.

For instance, the stealing of Her Majesty’s gold on 29th-30th March 2007, which we alone reported and for which we were excoriated by people in the United States who had no idea what they were talking about, appears to have been linked to an arrogant attempt by Bush-related operatives to provide the wherewithal for the Chinese Settlement. It may be the case (although no-one has told us this) that the publicity we were able to give to this matter, put paid to that criminal operation – which ended when the gold was restored, we believe, by around the same time (June 2007) that The Queen’s LOAN funds were made available for the Dollar System Refunding Programme.

Had the corrupt Paulson Treasury not immediately moved to exploit the Queen’s LOAN funds, along with the other sovereign cash funds making up the $14.0 trillion referenced in our reports, but had rather allowed the planned private sector refunding activity to proceed, the United States would have acquired sufficient accruals by now not only to have been able to meet its obligations to the Chinese, at least in part, but to implement sound financial policies across the board.

• However since Paulson is a professional criminal financier, his priorities lay elsewhere.

As a consequence, the collapse of the derivatives Fraudulent Finance Ponzi networks triggered inter alia by our exposures has occurred in sync with the colossal crisis surrounding the Chinese payments: a concatenation of events which could not possibly be worse, and which appears tailor-made to lead to World War. Given what President Obama is reported to have proclaimed (above), it is appropriate, absent contradictory information, to give the President the credit for understanding the extreme gravity of the world’s crisis, even though President Barack Obama has presided over very serious criminal events which may or may not have been perpetrated with his knowledge: our inclination is still to give the President the benefit of the doubt: when dealing with such secret but earth-shattering matters, it is impossible for outside observers, whether ‘connected’ or not, to know more than a fraction of the truth.

The following information is therefore reported as received:

• 12th March 2009: Armed with the lien from the World Court, the Chinese Foreign Minister, Yang Jiechi, appeared in the Oval Office amid the cover story about tensions between American and Chinese ships in the South China Sea.

• 17th-18th March: Chinese reported to us to have received the first instalment payable by the United States as referenced above.

• 19th March: Unconfirmed rumour that, on the contrary, the Chinese Government had exercised its lien against the Federal Reserve. On our checking this out, the rumour was dismissed out of hand by knowledgeable sources.

• 20th March: Unconfirmed rumours of arrests in Washington, DC. The Editor is advised by several sources that $3 trillion ‘arrived’ at the Treasury. This is later amended to $4.0 trillion.

• 21st March: It is reported to the Editor that five officers at the Federal Reserve were arrested (see above) after having attempted to divert or steal $200 billion. Other sources said that two officials were arrested: but on 22nd March, separate sources confirm that the number of officials arrested was five.

• 22nd March: At around 5:00pm New York time, it is reported to us that the Chinese parties were paid $13 trillion by the US Government between Wednesday 18th and Friday 20th March 2009. The source provides confirmation of President Obama’s remarks, summarised above; and it is further reported that at least one Obama official was arrested on 20th March, indicating that suspicions of treachery within the Obama Administration are justified.

• 22nd March: About 20 minutes later, the following completely conflicting ‘information’ is made available to us:

• First, the Obama Treasury offered to pay the Chinese parties in Treasuries, an offer which the Chinese turned down flat.

• Secondly, President Obama or his officials then told the Chinese: in that case, we’ll pay you in cash (as suggested by the earlier report above).

• Thirdly, the Chinese said: ‘No way. Pay us in gold’.

• In the fourth place, the President or his officials responded:
‘There is no way we are going to pay you in gold’.

• Fifth: The Chinese responded: ‘We will only take gold’
(Unspoken: You fools are preparing your own hyperinflation and at the same time you are trying to sell trash Treasuries which no-one in the world wants to buy. Your currency is going to hell due to your own stupidity and to your successive attempts to avoid facing reality: and you want to pay us in Treasuries or cash? We have no confidence in either. We must be paid in gold).

• Sixth: President Obama or his officials responded: ‘No way. Take us to court. You’ll lose’. Which is probably true, since, if any of the foregoing sequence is accurate, the US Government had already offered to pay the Chinese in US Treasury instruments or cash.

The outcome of all this could have been that the Chinese finally accepted cash, as was implied by the original report. It should also be borne in mind either that the scenery has since changed, or that some of the so-called information is false, or that all of the information is false, or all of the above. However the foregoing provides a snapshot showing what may have been going on behind the scenes, beyond what the Editor knows because of the direct attempt to influence us to publish certain information, as detailed here and previously.

Certainly, if that information had been published, the consequences would have been severe. It may transpire that it needs to be published, given that Vice President Biden did not achieve his objectives on that occasion. The information implicating the Bush Crime Family in the CMKX theft is extremely damaging and may need to be publicised outside the Biden context.

KISSINGER AND BAKER RETURN FROM MOSCOW ‘WITH GORBACHEV’
On 19th March, Bloomberg reported that President Obama had despatched Dr Henry (‘call me Henny’) Kissinger, the odious triple or quadruple+ DVD agent with the guttural German accent, and the Bush Crime Family’s #1 fixer, James A. Baker II, to Moscow to ‘talk to the Russians’. Following their meeting with President Medvedev and GRU-‘Prime Minister’ Vladimir Vladimirovich Putin in Moscow, Kissinger and Baker returned to Washington DC; and our sources believe that they were accompanied by Mikhail Gorbachev, the former Chief of the CPSU’s Administrative Department under Yuri Andropov (Lieberman), whose real name is Korbach or Orbach.

• FACTS: The Administrative Department was the most powerful slot in the entire Soviet CPSU structure. Gorbachev occupied that slot as early as the beginning of the 1980s. This consummate Leninist deceiver has never changed his spots. He occupies a large suite of offices inside the Kremlin. The sudden arrival of the top Soviet in the Oval Office (see immediately below) after being brought to Washington by Kissinger and Baker, must be viewed as an ominous development.

SECRET MEETING BETWEEN OBAMA, BIDEN AND GORBACHEV
On Friday 20th March, a secret meeting took place in the White House between Mikhail Gorbachev, Presidnet Obama and Vice President Biden.

BRITISH-AMERICAN RELATIONS AT AN ALL-TIME LOW
It has been reported that US-British relations are at their lowest level ever, a state of affairs that is supported by the insulting treatment meted out to this Editor in having a printed circuit or ‘chip’ stuck onto his right leg by an NSA or other US operative while he was sleeping in a hotel during his visit to the United States as described above.

On 11th March, it was reported that Sir Gus O’Donnell, the Head of the British Civil Service (an aimiable man whom the Editor has met) had protested that he had been finding it ‘unbelievably difficult’ to get hold of any Obama Administration personnel. Very senior British officials were complaining that they cannot get beyond the Administration’s mindless answering machines, and that attempts to coordinate the so-called G-20 ‘pre-summit’ summit meeting, held ludicrously in humble Lower Beeding, Horsham, in West Sussex, proved particularly aggravating in this respect.

• An anonymous German delegate to that meeting complained in Paris Match magazine that the event was “a madhouse”, adding “You don’t choose some place in the middle of nowhere for a summit of such importance’ – the point being of course that the importance of both the pre-summit summit and of the G-20 summit itself has been downgraded by the British: the actual conference in early April is not being convened in the Queen Elizabeth Conference Centre opposite Westminster Abbey and the Houses of Parliament, where it should be held, but miles away in Docklands – a clear signal that the whole idea of elevating the G-20 onto a pedestal to smother the G-7 in order to bury the G-7-Approved private sector Dollar Refinancing Programme is felt in London to be a ‘mistake’.

The top British civil servant said in public that when he tries to make contact with key members of the Obama Treasury Department, ‘there is nobody there’.

The phones ring and nobody answers. ‘You cannot believe how difficult it is’, Sir Gus O’Donnell told participants at a recent civil service conference. The reports of this fracas that we have seen did not provide any explanation for this perverse US official behaviour – which was, and is, that the British authorities do not go along with all this Obama-Geithner madness and are incensed at the repeated insults and thefts committed against the British Sovereign by the White House, reported in these presentations. Of course this is never mentioned as the underlying cause of the tension.

Although we do not credit the British Treasury with having pursued sensible policies under the Labour Government, at least there is no whiff (that we can detect anyway) of corruption there – in sharp contrast to the position in the United States, where the Treasury’s reputation sank into the sewer under the corrupt Henry M. Paulson, and is liable, under Geithner, to sink below it.

The real source of the UK-US tension, namely the cowboy finance operations of the US authorities, was ‘disguised’ for public consumption by the ‘substitute’ cover stories about Obama removing the bust of Sir Winston Churchill from the Oval Office, and the farcical gift of 25 DUD DVDs by Obama to Gordon Brown – an intellectual who reads voraciously and certainly, like this Editor, has no time at all for videos. In addition, some bumped-up American apparatchik told British officials that Britain isn’t ‘special’ to the United States, which is quite true. The Brits feel the same way, in reverse, after having had to live with the strench of the corruption machine wafting from Washington and Wall Street and the feckless refusal of US law enforcement (hitherto) to enforce the Rule of Law.

• FACT: To make matters worse, and to illustrate the crudeness of these people, the DVDs are no use in Britain, where different technical standards apply, so presumably they’ve been thrown away.

In any case, given recent experiences and the multitude of US abominations recorded in these reports, it is our own view that the so-called ‘special’ relationship was destroyed by the Bush II Administration; and that even though Britain itself has a criminal government, too, the United Kingdom should distance itself from a cnation run by a terrorist ‘State within the State’ which no-one in the United States has the guts, apparently, to try to bring under control.

If Congress were doing its job properly, it would demand to know why the CIA (proxy for the huge number of US intelligence agencies of which the CIA is the best known) is in the drug business.

Put another way, it would be asking WHY the United States’ national security interests ‘include the CONTROL of international crime, terrorism and drug trafficking’. President Obama should be asking these questions, too – instead of which he is complacently permitting the ‘State within the State’ to remain unreformed, running the Government, and dictating the President’s priorities.

More to the point, it is the self-financing requirements of the ‘State within the State’ that are the root cause of the Obama Administration’s short-sighted and probably fatal rejection of the ONLY solution to the entire crisis: private sector on-the-books trading that is fully transparent and taxed, generating massive ongoing windfall tax REVENUES to the Treasury, and zero cost to the taxpayer. Because the corrupt ‘State within the State’ fears that it would lose its usurped power to control the Executive Branch if it were to cease to be self-financing via its proprietary Fraudulent Finance Ponzi operations, its drug-trafficking and all the other corrupt practices in which it indulges, it has seen to it that the new Administration has chosen the route to financial and economic perdition.

• In other words, the ‘State within the State’ has placed its own corrupt interests ahead of those of the American people, as usual.

BELATED WHITE HOUSE SECOND THOUGHTS, GIVEN THE IMMINENT MEETING WITH QUEEN
The damage to US-British relations has been done, and attitudes in Britain are hardening not only against the disliked European Union Collective (the remodelled Soviet Union in the making, and a monstrosity so corrupt that even its own Court of Auditors has refused to sign off on the European Commission’s accounts for the 14th year in a row), but likewise against the United States, which is perceived to have triggered this crisis.

• The fact that the City of London is among the most corrupt sinks of speculative iniquity on earth is not yet properly understood, although recent controversies over obscene self-enrichment and bonus arrangements are causing scales to fall from many eyes.

On 15th March 2009, The Sunday Telegraph carried a prominent article entitled ‘Obama’s bungling aides ‘are told to get a grip’’, implying that somewhere deep inside the recesses of the collective mentality within Washington DC power circles, a soupcon of anxiety about kicking Americas’s most (misguidedly) loyal ally in the teeth, was proving somewhat counterproductive.

Specifically, the article said that ‘Barack Obama’s aides have privately admitted that presidential errors during his first 50 days in power have contributed to a sharp fall in Obama’s popularity with voters and pundits alike. His staff are being warned to get a firmer grip now that he has passed the 50-day mark, and prevent a repeat of the mistakes that marred the past seven weeks’.

Natürlich, the newspaper made NO MENTION of the catastrophic error that matters – the only one that matters – namely the fact that instead of ‘going financially straight’, Barack Obama has instead allowed his advisers to choose and pursue the crooked path of dud, leveraged, debt-accumulating Fraudulent Finance based on NOTHING, which will saddle the Treasury with vast accumulations of background official debt and will jeopardize the futures of several generations of Americans in the process. The only way that will be avoided is via the hyperinflation that the model presupposes.

FACE-TO-FACE EXCHANGE BETWEEN PRESIDENT OBAMA AND THE QUEEN
The British newspaper focused on the WRONG ISSUES, but this fascination with the trivial aspects of diplomacy did reveal how nervous the Obama White House appeared to be over the President’s meeting with the Queen (IF he turns up), giving rise to the following predicted exchange:

Her Majesty: Good morning, Mr President, how very nice to meet you.

President Obama: It’s a pleasure to be here, Your Majesty.

HMQ: Mr President, I was concerned to hear about a small matter of $52 billion of my guarantees that apparently went missing recently.

PO: I understand that these were restored, M’am.

HMQ: Yes, but why were the guarantees diverted or stolen in the first place? Were any of my guarantees used for purposes for which they were not intended?

PO: I don’t know M’am. I imagine not.

HMQ: Mr President, you are aware, are you not, that after my LOAN funds within a total amount of $6.2 trillion languished within your banking system within the Treasury Custodial Account network at several money center banks for 19 months, to no avail, I was compelled, on 29th January 2009, to order the withdrawal of these funds, which were made available via the Bank of England on 19th-20th June 2007 to finance the Group of Seven-Approved Dollar System Refunding Programme by means of transparent private market trading transactions?

PO: I am, M’am.

HMQ: Mr President, are you aware of the REASON that I had to order these funds to be withdrawn?

PO: Not entirely, Your Majesty. Please explain.

HMQ: Mr President, when you toured European countries last year, you signed documents in which, I understand, you pledged to release all the blocked or hijacked funds and to proceed, if I am not mistaken, with the G-7-Approved private sector Refunding Programme. I had been led to believe that, in the light of your undertakings, you would indeed honour your commitments.

PO: My advisers decided that I should adopt alternative strategies, I am afraid.

HMQ: But Mr President, a signed commitment is a signed commitment, you know! Furthermore, my own expert advisers inform me that the ‘alternative strategies’ that your officials have adopted are designed to revalidate and revalue fundamentally worthless false derivative ‘assets’ while at the same time accumulating vast new mountains of real debt with which generations of Americans will be burdened in the future – a state of affairs which could have been entirely avoided if you had implemented the Group of Seven-Approved Dollar System private sector Refunding Programme for which I provided the necessary funds on LOAN, and which you undertook to do last year.

PO: Unfortunately, M’am, I was advised that our banks would not be prepared to cooperate in the proposed G-7-Approved private sector Refunding Programme.

HMQ: But Mr President, you carry the privilege of being the most powerful human being on earth! You have the power to insist upon the implementation of what was agreed by the world’s leading financial powers in 2007 and 2008! In addition, I made available a very large sum of money pro bono publico on a LOAN basis to finance this project, which I told the Group of Seven powers in 2007 was necessary ‘for the sake of the whole of humanity’. Moreover the Group of Seven-Approved private sector Refunding Plan would have cost the US Treasury NOTHING, while showering it with windfall tax revenues for a long time to come! What on earth persuaded you to disregard this very simple and straightforward solution to your problems, which are OUR problems, too?

PO: Uh, I hear what you say, M’am. It looks as though the various patchwork schemes developed by Timothy Geithner are going nowhere anyway. I’ll reconsider the situation.

HMQ: Ah, but Mr President, as you know my LOAN funds were withdrawn on 29th January after it had become clear that your Administration was not about to honour its undertakings in this regard. I am advised that there is now a proposal that the G-7-Approved Refunding Programme should be run out of London. Very conveniently, there is a provision in British tax law whereby funds that are resident within the British jurisdiction for 24 hours, are taxable.

My Government finds it most attractive that windfall tax accruals should arise from such ongoing, transparent on-the-books trading activity. Of course, since the Refunding Programme will remain an American private sector operation, your Treasury will likewise receive immense ongoing accruals from tax. So, by running the transparent private sector Refunding Programme from London, we will be able to help you, after all. Don’t you think the daffodils in my garden are gorgeous this year?

PO (looking out of the Palace window at the magnificent display of British daffodils): Yes, Your Majesty, they are gorgeous. Don’t you think so, Michelle?

POSTSCRIPT; WHITE HOUSE SCURRIES TO MEND THE RIFT
In a quite extraordinary demarche, The Sunday Telegraph reported on 15th March that ‘a White House official last week passed details to The Sunday Telegraph of Mr Obama’s desire to avoid a repeat of such errors as the inept handling of Gordon Brown’s recent visit to Washington’, in which the White House – furious at the withdrawal of the $14.0 trillion cash, and at the exposure of the $52 billion of ‘stolen’ guarantees – went out of its way to ensure that nobody from the Executive Branch attended Congress to hear the British prime Minister praise the collective of financial scamsters to the skies, while curtailing the press conference with Mr Brown to the point of extreme rudeness.

‘The concession came as allies of President Obama have begun breaking cover to question his performance and leadership on the economic meltdown and diplomacy’.

In other words, certain people on the ‘inside’ are ALREADY wondering whether the ship that they embarked upon was already starting to sink even before it set sail.

The British newspaper continued:

‘Mr Obama has now told his staff to learn from the errors made during Mr Brown’s visit and to ensure that protocol is observed when he meets The Queen later this month’.

‘A source close to Mr Obama’s top team telephoned this newspaper last week’ (and got through, unlike what happens when Sir Gus O’Donnell calls the US Treasury) to say that top White House officials now regard it as a ‘mistake’ to have returned the bust of Sir Winston Churchill that the (British) Government lent George W. Bush… and then to have sent the Prime Minister home with a gift of 25 DVDs after his visit to Washington’.

For ‘mistake’, read ‘calculated insult’.

‘Clearly it was a mistake, and they want people to know that they know that’, the source said. No apology, of course. ‘There is a collective desire to learn from the experience. They didn’t have their eye on the ball… they all know they’ve got to do better’.

NO THEY DON’T! They are NOT aborting the TALF system, which is designed to revalidate worthless false ‘assets. They are NOT aborting Fraudulent Finance; they have NOT abandoned the Fraudulent Finance Ponzi model, despite elements of law enforcement arresting exposed Ponzi practitioners like Madoff and Stanford. President Obama has NOT ordered the ‘State within the State’ to GET OUT OF DRUG-TRAFFICKING. Does he regard drug-trafficking as acceptable?

The ‘mistakes’ that the White House was desperately trying to alleviate were the insults meted out to the British because the new Administration was piqued that it was being held to Obama’s signed undertakings, because the $14.0 trillion cash was withdrawn altogether from access, because the stealing of $52 billion of The Queen’s guarantees had been exposed, and doubtless also because the earlier (2007) theft of The Queen’s gold, probably in order to finance the United States’ colossal overdue debts to the Chinese, had been aborted (after we publicised it).

‘The source said: ‘The point was made about the protocol, people need to be absolutely sure they are on top of everything to do with meeting The Queen and make sure that everyone knows what is expected. The Queen won’t be getting any DVDs’.

By the way, if any sceptics remain out there, the Editor holds in his hand a sworn document dated 9th March 2009, containing the information referenced earlier that the Editor declined to publish, which also contained the information about the $52 billion of The Queen’s guarantees, which we DID publish. It follows of course that, this confirmation in turn confirms that the $6.2 trillion LOAN information that we have referenced repeatedly, is accurate (not that it has ever been disputed by anyone at all). This is what the sworn document dated 9th March 2009 stated verbatim:

‘I, Michael C. Cottrell, B.A., M.S., do hereby swear and affirm the following:

• That on Friday, March 6, 2009, between approximately 8:19pm EST and 8.20pm EST, I received a telephone call [requesting me to inform Mr Story that]

… a clarification was “necessary” regarding “the $50 billion of The Queen’s money allegedly stolen prior to repatriation” [in the report dated Thursday 5 March 2009 02:00]

… [This] should be changed to “$52 billion of guarantees by The Queen”’ [no cash stolen].

As will be clearly understood by anyone taking care not to sit on his or her brains, this of course basically CONFIRMS EVERYTHING. We choose not to identify the name of the official party who telephoned Mr Cottrell with this request; but this is what the document states. In black and white.

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.

QUEEN’S $52 BILLION STOLEN UNDER OBAMA’S REGIME

WHITE HOUSE ATTEMPTS TO GET US TO BLAME PREVIOUS ADMINISTRATION

Monday 9 March 2009 16:00

QUEEN’S FUNDS WITHDRAWN ON 29TH JANUARY 2009 AFTER OBAMA CAME TO OFFICE

SO THE $52 BILLION OF HMQ’S MONEY (‘GUARANTEES’) WERE STOLEN UNDER OBAMA

A SCANDAL THEY HOPED COULD BE DEFLECTED AWAY FROM THE NEW WHITE HOUSE

WHY THE VIBES BETWEEN OBAMA AND BROWN DURING BROWN’S DC VISIT WERE SO BAD

• VERY IMPORTANT UPDATES APPENDED AT 3:00AM 10TH MARCH 2009
ARE LOCATED AT THE FOOT OF THIS REPORT ABOVE THE LEGAL REMINDERS

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

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

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

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

• MADOFF ‘VICTIMS’ LIST: Two reports were posted on 6th February 2009 containing the entire list of customers of Bernard L. Madoff Securities, Inc.. Because the list is so huge, we divided it into two segments: Clients A-N; and clients O-Z, plus a Miscellaneous Section. See: Archive. Our list is the easiest to load and clearest of the lists that have been reproduced privately on the Internet.

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

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

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

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

• NEW REPORT STARTS HERE:

QUEEN’S FUNDS WITHDRAWN ON 29TH JANUARY 2009 AFTER OBAMA CAME TO OFFICE
It will be recalled that we have reported that the $14.0 trillion of real cash-cash funds, the only ‘real’ and clean money in the system, had to be withdrawn from access by US authorities altogether and that the withdrawal of these funds occurred on 29th January 2009.

This fact, which we had already reported, was confirmed to the Editor of this service on 3rd March 2009 by a British intelligence source.

The $14.0 trillion had consisted of the $6.2 trillion made available by Her Majesty the Queen, with a proportion owned by Prince Al-Aweed Al-Talal of Saudi Arabia, via the Bank of England on 19th-20th June 2007, to Bank of New York Mellon for use as the basis for the Group of Seven (G-7)-approved Refunding Programme of transparent, fully taxed private sector Capital Markets trading operations to reliquefy the delinquent banks ON THE BOOKS, and that the $6.2 trillion cash represented LOAN funds which had nothing whatsoever to do with any other funds referenced in earlier reports.

It will also be recalled that we have reported that the $6.2 trillion languished for 19 months within the Custodial Account system under Paulson US Treasury control within US money center banks, and was not used for the purpose for which it was intended, but was corruptly redeployed instead to generate illicit funds for the corrupt banker’s ramp carousel and for the enrichment of holders of the highest offices in the United States and their corrupt attorneys, intermediaries and others.

In our posting dated 5th March 2009, we reported that prior to the $14.0 trillion (incorporating the $6.2 trillion) being repatriated, an amount of $50 billion of The Queen’s funds had allegedly been stolen. We included the word ‘allegedly’, although we KNEW that $52 billion HAD been STOLEN.

Moreover as reported, the $6.2 trillion plus the Chinese segments aggregating $7.8 trillion were removed from any possibility of being accessed by US parties on 29th January 2009, namely just over a week AFTER President Barack Obama entered the White House.

MANIFESTLY, if there had been a problem of theft PRIOR TO OBAMA COMING TO OFFICE, the funds would have been removed from access by the corrupt US authorities BEFORE Mr Barack Hussein Obama entered the White House, wouldn’t they?

• The British authorities concerned wouldn’t have wanted to cause the incoming Obama Administration embarassment by removing the funds after the Inauguration.

• Diplomacy, and all that.

• INSTEAD OF WHICH the funds were removed from access AFTER the Inauguration.

SO THE $52 BILLION OF HMQ’S MONEY (‘GUARANTEES’) WERE STOLEN UNDER OBAMA
From which it is A CERTAINTY that the $52 billion that were STOLEN from The Queen’s LOAN funds were sliced AFTER OBAMA ENTERED THE WHITE HOUSE, AND NOT BEFORE.

• FACT: Therefore, the theft occurred under President Obama and NOT under his predecessor.

Which must be a FACT that the White House would prefer that we hadn’t UNDERSTOOD.

• Next point:

On Friday 6th March 2009, between approximately 8:19 EST and 8:20 EST, Michael C. Cottrell, B.A., M.S., the US securities expert, received a telephone call from a Gold Badge who advised him that
a ‘clarification’ was ‘necessary’ regarding ‘the $50 billion of The Queen’s money allegedly stolen prior to repatriation’ (citing the Editor’s language used in the report dated 5th March 2009).

The ‘clarification’ that he wanted made (should the Editor so agree to it, at his sole discretion) was that this text should be amended to read:

‘$52 billion of guarantees by The Queen’ and that no cash was stolen.

HOWEVER, a signed guarantee is a signed guarantee, and one issued by a Head of State is better than CASH, don’t you know. So, what we have now found out is as follows:

• US authorities UNDER OBAMA ADMIT that value of $52 billion belonging to The Queen was STOLEN, thereby acknowledging the accuracy of our report to this effect dated 5th March 2009.

• Stealing guarantees means that The Queen’s guarantees, if they were stolen rather than actual cash, were stolen BECAUSE THEY WERE TO BE USED FOR PURPOSES OTHER THAN THOSE THAT WERE INTENDED BY THE GUARANTOR. This is A GROSS ACT OF ECONOMIC WARFARE.

NO WONDER THAT THE VIBES BETWEEN OBAMA AND BROWN DURING HIS RECENT VISIT TO WASHINGTON WERE SO BAD. NO WONDER COMPLICIT VICE PRESIDENT BIDEN LOOKED LIKE A SOUR JACKASS AS HE SAT WITH A SIMILAR BLANK EXPRESSION TO CHENEY BEHIND THE BRITISH PRIME MINISTER AS HE DELIVERED HIS PRAISE FOR THE VERY CROOKS WHO HAVE STOLEN FROM THE QUEEN AND ARE CONTINUING TO RAPE AND PILLAGE THEIR FELLOW AMERICANS AND THE REST OF THE WORLD UNDER BARACK HUSSEIN OBAMA ‘AS WE SPEAK’.

• If it is the case that guarantees rather than cash were stolen, then we suggest that the publicity we have given and are giving to this matter must, by definition, render the illegal and corrupt use of those guarantees for duplicitous, illicit purposes UNDER THE B. OBAMA REGIME impossible now, since every Government and every bank in the world will be appraised of this latest instance of official corruption at the highest level of the US Government, under President Obama as under his predecessors, just as soon as this report has been posted.

• BUT IF the guarantees have already been deployed, those parties thereto will have become co-conspirators in this de facto Act of US Economic Warfare against the United Kingdom committed under the Obama Administration and should immediately UNWIND THE TRANSACTIONS and/or the relationships involved, or face the consequences.

THE EDITOR MAKES HIS OWN ‘CLARIFICATION’
Finally, the Editor would like to make the following further ‘clarification’:

• Pressure has been exerted from the White House on the Editor of this service to post certain information (in our possession), the overall effect of which would be to serve the Obama White House’s interest in focusing the entire blame for specific thefts and fraud, and generally for the ongoing, unresolved financial chaos, on the corrupt predecessor Administration, and away from the present US Government and White House.

• The Editor was not born yesterday, although yesterday was in fact his birthday.

• If it was all the Bush II Administration’s fault, why then was the US Dollar Refunding not at once implemented as agreed by the G-7 Financial powers in 2007 and 2008, why have the Settlements been sabotaged SO FAR, as under the despicable George Bush regime, and why was $52 BILLION OF THE QUEEN’S MONEY STOLEN, and why this nit-picking differentiation between $52 billion cash and $52 billion of guarantees by a Head of State?

• Is it seriously suggested that stealing $52 billion of guarantees by a HEAD OF STATE is a LESSER CRIME than stealing $52 billion in cash?

But thanks anyway to the Gold Badge for confirming the theft, which took place UNDER OBAMA AND NOT BEFORE HE ENTERED THE WHITE HOUSE.

• Thought you’d all appreciate this ‘clarification’.

• UPDATES APPENDED AT 3:OOAM UK TIME 1OTH MARCH 2009:

(1) We have been advised that the matter of the $52 billion of The Queen’s ‘guarantees’ has now been ‘rectified’ by or on the instructions of President Obama. This BEGS THE QUESTION of why they were ‘removed’ in the first place: AND WE KNOW THAT THEY WERE MISSING WHEN THE LOAN FUNDS WERE WITHDRAWN, as this information was provided inter alia by a Gold Badge source, and it has now been separately confirmed that the $52 billion of ‘guarantees’ were indeed ‘restored’. (Clearly if they have been ‘restored’, that is because they were previously missing).

• So, WHEN were the $52 billion ‘restored’, exactly?

AFTER the appearance of the present report, which rendered the ‘guarantees’ USELESS when corruptly applied for a purpose for which they were not intended, by any chance?

(2) We have not published certain other detailed information supplied to us, for the reason set out above, namely that it focuses attention on certain criminal acts under the Bush II regime, whereas the crisis the world faces is being experienced UNDER PRESIDENT OBAMA and Vice President Joe Biden, who have the power to resolve matters but have conspicuously failed, so far, to do so.

We are not satisfied that the information that certain forces want us to publish has been proffered for straightforward reasons, and until such time as this is clarified to our satisfaction, the Editor exercises his prerogative not to publish the information [see above].

(3) Nor is this White House enforcing the Rule of Law.

• For instance, the Clintons are reported to have been able to REMOVE all their ill-gotten money from Citibank. Excu…se us? Those funds were FROZEN when the Provost Marshal was replaced by a new Provost Marshal way back, remember?

• So we suspect that Clinton’s gopher, Robert Rubin, has procured the removal of the Clinton funds from Citibank and that he did this before he himself left the institution.

• If this is correct, then the new White House has allowed a disgracefully corrupt state of affairs to remain unaddressed, and THAT IS NOT GOOD ENOUGH AND IS NOT CONSISTENT WITH PLEAS THAT WE HEAR TO THE EFFECT THAT PRESIDENT OBAMA IS A ‘WHITE HAT’.

• On the evidence to date, his hat is getting rather dirty, and the dirt comes off the hands of the scumbags in his entourage.

(4) We are advised that the oft-braceleted Dr Alan ‘Greenspan was flung into jail yesterday, and that a sensitive meeting took place on Monday to ‘decide his fate’. One is tempted to ask why on earth it is necessary to hold a meeting to decide whether this crook has now committed enough crimes to warrant APPLICATION OF THE RULE OF LAW: or could it be that he holds so much dirt on those who are trying to decide what to do with him, that they are prepared to go on fiddling while the whole international financial system collapses, stupid fools, around their ears?

(5) After propaganda all weekend to the effect that the Settlements were on track for progress and implementation on 9th March, NOTHING HAPPENED, even though Citibank had been advised that if the payments were not effected as required on 9th March, Citibank will be subjected to a straight FDIC takeover (which was supposed to happen overnight: we’ll see).

(7) The Editor has detailed information on the Stanford dimension of the crisis, plus the open domain intelligence on Vice President Biden’s involvement, and this report takes precedence, although there is still some work left to do on it (on top of the Editor’s other publishing work).

• FACT: Stanford, from Houston, TX, took over where Noriega left off, as a primary Ponzi scheme operative working with/for the Bushes. DVD drug-running operative Carlos Lehder ‘testified’ in Noriega’s trial (although his testimony was a rant and was superfluous to requirements), and was the source of the $40 million procured by a Bush Sr. Attorney to pay off key political structures in 2000 when the election was being stolen, and to silence the law enforcement, plus the legal and penitentiary personnel, when Lehder, in exchange, was whisked from long-term incarceration and extradited to GERMANY. Naturlich. Our sources reported that the political structures in question recieved $32 million and the corrupted personnel $8 million, on that happy and lucrative occasion.

• SWINDLER’S LIST UPDATE: Sherman Oaks-based mortgage banker Bruce Friedman, whose
Friedman Charitable Foundation committed $10 million to the Children’s Museum of Los Angeles and $1 million to Brandon’s Village, a special-needs park in Calabasas, has been indicted on
securities fraud charges by the Securities and Exchange Commission [9th March 2009].

The SEC alleges that Friedman, along with his two companies, Diversified Lending Group (DLG) and Applied Equities, Inc. (AEI), perpetrated a $216 million real estate investment fraud scheme, raising money from investors nationwide, many of whom are seniors, promising guaranteed high returns via real estate investments. Another PONZI FRAUD bites the dust.

The SEC complaint alleges that Friedman diverted substantial investor money to ventures that were unrelated to real estate, and misappropriated at least $17 million to support his hyperlavish lifestyle, including purchases of a luxury home, cars, vacations, jewellery, and designer clothing for himself and a female of his acquaintance. The SEC has frozen DLG’s, AEI’s and Friedman’s assets.

OK, small fry compared with Madoff, Stanford, the Bushes, the Clintons, Dr Alan ‘god’ Greenspoon, and all the other notorious criminals that we have to report about. But shoals of ‘little fish’ like this sheister are cruising for the appropriate bruising, and it’ll continue like this for YEARS AND YEARS.

Mopping up the lesser sheisters makes US law enforcement, after years of neglect, both look good and feel good about itself: whereas, what is actually happening is that most Americans are asking with extreme impatience, now: WHY ARE THE GIGA-CROOKS WALKING, when they should all have been arrested and decapitated BEFORE THIS PREDICTED CRISIS RAN OUT OF CONTROL?

• The sordid answer which is being SUPPRESSED is this: ‘BECAUSE WE WANT TO BE PAID, TOO’.

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

LEGAL TUTORIAL: The Steps of Common Fraud:

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

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

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

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

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

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

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

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

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

FRAUDULENT CONVEYANCE:

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

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

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

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

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

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

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

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

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

NO, MR OBAMA, IT ISN’T WORKING AND IT CANNOT WORK

U.S. TREASURY INSURANCE INIDICATOR SAYS IT ALL

Thursday 26 February 2009 01:00

• UPDATE, 4:00pm UK time 26th February: This report has been expanded:

IF THE BLIND LEAD THE BLIND, BOTH SHALL FALL INTO THE DITCH (1)

COST OF INSURING A 5-YEAR $10 MILLION TREASURY INSTRUMENT IS NOW $100,000

THE $14 TRILLION SOVEREIGN AND LOAN FUNDS WERE PULLED ON 29TH JANUARY 2009

REMOVAL OF THE $14 TRILLION REAL CASH CONCENTRATED OFFICIAL MINDS [NEW]

RESPONSE WAS THE PREDICTABLE ONE OF CRUDE ‘GO IT ALONE’ CHAUVINISM [NEW]

OBAMA ADMINISTRATION’S PRIDE AND IGNORANCE: SHOOTING THEMSELVES IN THE FOOT

PACE OF DETERIORATION ACCELERATING AND COMPLETELY OUT OF CONTROL

TRANSACTIONS HALTED SINCE MONDAY WHILE THEY FUDGE THE ‘SOLUTION’

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

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

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

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

• MADOFF ‘VICTIMS’ LIST: Two reports were posted on 6th February 2009 containing the entire list of customers of Bernard L. Madoff Securities, Inc.. Because the list is so huge, we divided it into two segments: Clients A-N; and clients O-Z, plus a Miscellaneous Section. See: Archive. Our list is the easiest to load and clearest of the lists that have been reproduced privately on the Internet.

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

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

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

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

• NEW REPORT STARTS HERE:

On 19th February 2009, the following Update was added to the report of 15th February, which please study if you haven’t yet done so as it tells you ‘where it’s at’:

AND LO! THEY ARE FALLING INTO THE DITCH ‘AS WE SPEAK’:
Specifically, on 18th February, the cost of insuring a $10 million US Treasury instrument for a five-year maturity reached $90,000. On 19th February, the cost had risen to $93,000! In a normal market, the cost should not exceed $10,000, at the most.

• SO, the more they write, the more junk the US Treasury creates, the higher the price. It’s been doing this more or less constantly since Obama took office, by the way.

This data, publicised by CNBC and derived from CME ‘pit’ sources, tells you that the market is 100% in agreement with the assessment elaborated upon below. Confidence in US Treasury instruments is collapsing, as a consequence of the fact that not all financial market participants and observers are as mentally deficient as the corrupt technicians who are taking Barack Obama and the United States’ financial economy to the cleaners.

What they thought they could get away with is a giga-TARP operation, involving circular financing which only delivers vast mountains of new garbage Treasury debt in the background: and we are talking about TRILLIONS here. We therefore CONFIRM that the disastrous course adopted by the financial sorcerers surrounding President Obama WILL lead this Adminstration, the US dollar and the US and world financial economies into a BRICK WALL, and that the deterioration of which the above-mentioned price is a potent symptom will be RAPID, taking the whole world by surprise.

When this materialises, kindly remember the following, would you? The catastrophe is specifically and EXCLUSIVELY a consequence of the determination of these Fraudulent Finance specialists to CONTINUE with their exotic, illicit financial Ponzi operations, LONG AFTER THE REST OF THE WORLD HAS SEEN RIGHT THROUGH THEIR DUPLICITY. So, fasten your seatbelts: these US idiots made their choice, hoping to cover up their complicity in the Banker’s Ramp. Now they will finally discover that by wilfully refusing to ‘go straight’ with on-the-books financing as agreed ages ago by the Group of Seven, they will reap the whirlwind. And so, unfortunately, will the Rest of Us.

THE COST OF THE SAME INSURANCE ON 25TH FEBRUARY 2009
On 25th February 2009, the cost of insuring against a default by the US Treasury on a $10 million instrument for five years reached $100,000: one hundred thousand dollars.

• The price should be $10,000: Ten thousand dollars maximum.

AS PREDICTED HERE, THE PACE OF DETERIORATION IS ACCELERATING DAILY
So, President Obama, the situation is getting worse by the day. And the reason the situation is getting worse by the day is that your Administration, and your advisers, think they can ‘fix’ the situation by redeploying the same Fraudulent Finance circular financing Ponzi techniques that got us and you into the mess in the first place, due to the rampant corruption that you AREN’T cleaning up. This is like using materials known to be defective, to repair a vehicle. You will lose control of the vehicle, you ARE losing control of the vehicle, because the workmanship has been botched.

At this juncture we don’t know whether you are being hoodwinked by your advisers, whether your advisers are ignorant as well as incompetent and corrupt, whether you have been suborned and are taking the dirty advice they are feeding you, or whether you are going along with their crass stupidity. Since we cannot see inside your goldfish bowl, obviously we aren’t privy to what goes on therein. We can only judge the situation by RESULTS. Which is all that matters.

So, take another look at the indicator publicised above. What does it mean?

• IT MEANS:
That the international financial community has seen through your attempt to rehabilitate Fraudulent Finance by trying to contrive that the ‘derivatives’ assets have value, because the sharpest brains in the business KNOW that this is NOT the case. The forthcoming issue of International Currency Review contains a presentation which demonstrates, with the assistance of flow charts, not only that the derivatives ‘Structured Proucts’ are fraudulent, but that the Paulson TARP operation was in fact a perverse, reprobate, cynical exercise in refinancing known perpetrators of this Fraudulent Finance which has brought the world to its present state of disintegration. Everyone knows that this issue of the journal is imminent, and you ignore the message it contains?

• Are you completely ‘PROTECTED’ from reality in the Oval Office?

YOUR VICE PRESIDENT IS BLOCKING WHAT HAS TO BE DONE
The article in The Wall Street Journal of 24th February 2009 (2) entitled ‘Stanford has links to a fund run by Bidens’ specifically linked the drug-running Ponzi Fraudulent Finance operation run by the Bush-CIA operative ‘Sir’ Allen Stanford (who, as we revealed in an Update to the report dated 15th February, took over from Noriega), to Paradigm Global Advisors, which ‘is owned through a holding company by the Vice President’s son, Hunter, and Joe Biden’s brother, James’.

•FACT: Vice President Joe Biden heads the National Security Council which works with and directs the CIA’s George Bush Center for ‘Intelligence’ (3) and which, as also explained (again) in the report dated 15th February 2009, is the node of the US Intelligence Power which controls the Executive Branch and finances its operations by means of Fraudulent Finance Ponzi operations, which it proliferates and originated, in order to sustain its own usurped power.

• FACT: Therefore, Mr Biden is sabotaging your entire Presidency, Mr Obama. You’re in trouble.

THE ONLY REAL CASH-CASH FUNDS WERE PULLED AT THE END OF JANUARY
Following the election outcome and during the Transition, all concerned were advised that the $14 trillion of sovereign and LOAN funds made available to provide the basis for the PRIVATE SECTOR Capital Markets refinancing transactions ON THE BOOKS agreed upon by the Group of Seven (the G-7) could not be expected to remain on the table indefinitely.

Although the funds remained inaccessible after being placed into ‘lockdown’ between 10th and 12th September 2008 as previously and repeatedly reported by this service, they remained still available for deployment for the transparent purposes for which they were intended.

That meant that it was still open to the Obama Administration to ‘allow’ the fully PRIVATE SECTOR Capital Markets transactions to proceed. We then had the Geithner confirmation delay and drama, after which time ran out. Was it the intention of the Obama Treasury to proceed at once with the agreed-upon PRIVATE SECTOR REFINANCING of the US dollar system using the $6.2 trillion LOAN money as base, or not? It has been pending since June 2007.

• FACT: When, after three days of waiting for an answer, none was forthcoming:

THE $14 TRILLION WAS DULY WITHDRAWN FROM THE TABLE. THE ONLY VIABLE MECHANISM FOR RESTORING STABILITY AND RESCUING THE SITUATION CEASED TO BE AVAILABLE.

Specifically, the $14.0 trillion was withdrawn on 29th January 2009.

• We did not know this had occurred, but kept hinting that such a development was likely, because ultra-generous lenders and sovereign holders cannot be expected to allow their funds to remain available for open-ended, illicit exploitation (which had been the case with the $6.2 trillion since late June 2007) indefinitely, after all back channel undertakings on the matter had been shredded.

CITIBANK AND OTHER INSTITUTIONS WERE THEREFORE LEFT WITH NO REAL CASH
As previously mentioned, the $14.0 trillion represented the ONLY GOOD MONEY, namely on-the-books funds, available. It has gone: 19 months was much too long for the owners and lenders to have had to wait: and they took appropriate advice and PULLED THE FUNDS. In late February, Sir Win Bischoff, placed at Citibank to oversee the lenders’ funds, left Citibank for good.

THAT is why you then started reading all about bank mergers, nationalisations and other schemes.

WHY HAVE THE U.S. AUTHORITIES SHOT THEMSELVES AND THE WORLD IN THE FOOT?
The short answer to this question can be divided into two parts:

• PRIDE: The small minds of the relevant ‘technicians’ and advisers imagined that they were being dictated to by foreign powers, which WAS NOT THE CASE. The $6.2 trillion was made available pro bono publico with no strings attached (except that the funds must be applied exclusively for the purposes for which they were intended) in order to assist the G-7 Financial Powers to find a way out of the morass. A destitute bankrupt is not in a position to ‘go it alone’: but that is the decision that appears to have been taken. The Obama Administration threw away its ONLY lifeline.

It is now completely adrift, has no idea what it is doing, and is running at full speed into the rocks. Mr President, the CHICAGO PRICE THAT WE CITE ABOVE IS TELLING YOU THIS.

• CAN YOU HEAR US IN THERE?

• IGNORANCE: Your Administration, Mr Obama, has committed SCHOOLBOY HOWLERS, elementary economic errors, which are having CATASTROPHIC CONSEQUENCES.

• Specifically:

• THE CIRCULAR FINANCING PONZI MECHANISM you are perpetuating will have, as the sensitive market DETECTS, the consequence that YOU WILL BE AND ARE PILING UP VAST QUANTITIES OF TRASH DEBT IN THE BACKGROUND. You are doing this because you are insistent that the trash derivatives must be ‘revalued’, by which you actually mean that fake, fraudulent ‘assets’ that have NO VALUE are to be given a false value. THAT IS STRAIGHT SECURITIES FRAUD, SIR.

Market professionals KNOW THIS, SIR.

What your Treasury is doing is generating vast quantities of DEBT in order to reliquefy assets that have been exposed as WITHOUT VALUE, thus bailing out institutions and corrupt players with new Federal Reserve fiat money in exchange for lumbering future generations with colossal debts that can never be repaid or serviced.

• Excuse us? The markets don’t want to know. DON’T YOU KNOW THAT?

Not only are the markets indicating with crystal clarity that your duplicitous Fraudulent Ponzi Financing won’t fly, but they ALSO know that there IS an alternative which WILL work.

THE SOLUTION THAT THE OBAMA WHITE HOUSE HAS CLOSED OFF
The solution is PRIVATE SECTOR Capital Markets operations as agreed by the G-7 in 2007-08.

•WHY?

AN ELEMENTARY ECONOMICS LESSON FOR THOSE WITH EYES TO SEE AND EARS TO HEAR:

• BECAUSE financing operations in the PRIVATE SECTOR generate REVENUE.

• Nice, juicy, on-the-books, above-board, transparent TAXABLE REVENUE.

• Not DEBT. REVENUE. Repeat after us: REVENUE, REVENUE, REVENUE, SIR.

• FACT: Government doesn’t ‘do’ REVENUE.

It does DEBT, President Obama, Sir.

REVENUE IS ON THE BOOKS AND IS TAXED AT FULL RATE.

The dishonest and duplicitous way that your Treasury, like Paulson’s Treasury, is doing it, generates DEBT. AND MORE DEBT. AND MORE DEBT. AND MORE DEBT. AND MORE DEBT.

Which has to be FINANCED. And the market is now charging through the nose and will continue charging through the nose to finance your new trash debt, which means, O Mr President Obama, that SOONER RATHER THAN LATER you won’t be able to con anyone in the world any longer to buy your trash Treasury debt. That is what the market is telling you, O Mr President.

REMOVAL OF THE $14 TRILLION CONCENTRATED OFFICIAL MINDS
With the $14 trillion removed from the equation with effect from 29th January 2009, a chauvinist response kicked in. It can be summarised as embracing the following crude sentiments:

• We don’t need that foreign money anyway. We can do it ourselves. (Begging the question: What were you doing illegally exploiting the foreign sovereign and loan funds for 19 months, then?).

• We are sovereign. We can bend the rules and pull it off using the ‘smoke and mirrors’ techniques at which we are expert. We’ll get away with it as we always [think we] do.

So what is happening now, in general terms, is as follows:

(1) International transactions have been put on hold since Monday, according to our sources.

(2) The official attitude is: we’ll bring off-balance sheet funds from offshore onto the books illegally, behind the cover of the shutdown and without anyone noticing what we’re doing: but that’s OKAY because we’re sovereign and we can do anything we like.

(3) No-one ever asks about ‘source of funds’ anyway. Anyone who does will be fobbed off with a form of official words that we will concoct for the purpose.

(4) As for all this ‘Rule of Law’ stuff, the country can’t afford to have the large number of people arrested who would need to be cuffed if we were following the Rule of Law. The country just can’t afford it. So the President will go on paying lipservice to ‘transparency’ and the Rule of Law, but in practice this will represent empty rhetoric. We cannot AFFORD to apply the Rule of Law.

(5) In any case so many of us are compromised that we don’t have any choice.

(6) Cottrell and Story are telling us what we don’t want to hear and can’t afford to hear.

THE PROBLEM WITH THIS OFFICIAL ATTITUDE
Now, the problem with this crude, chauvinistic ‘naughty boy’ attitude can be summarised as follows:

(a) The financial markets aren’t buying the idea that the Treasury can ‘fix’ the problem with Federal Reserve fiat money using the official circular Fraudulent Finance Ponzi mechanisms intended.

(b) The unprincipled proposition that ‘we can’t adhere to the Rule of Law’ while simultaneously mobilising elements of US law enforcement to apply the Rule of Law in high-profile cases, though conforming with the standard DOUBLE-MINDEDNESS modus operandi of these people, won’t fly either, not least because the markets know that what is happening and intended is SECURITIES FRAUD, the genuine (as opposed to the controlled CIA disinformation) ‘watchers’ are exposing the deception, and the credibility of the US Treasury is in free-fall ‘as we speak’.

(c) No-one is going to buy the idea that ‘smoke and mirrors’ money conjured from off-balance sheet and offshore sources can be looked upon suddenly as ‘clean’ and legitimate on-the-books money, when ‘SOURCE OF FUNDS’ is the RULE following the MATERIAL DISCONTINUITY that has arisen as a consequence of the exposures of the financial criminality since 2006. THIS IS THE INTENTION, and a lot of arrogant and careless chatter behind the scenes is in progress, as the operatives and others concerned try to convince themselves that they can pull the wool over everyone’s eyes this one last time, and get away with it. But they cannot get away with it, because:

• The financial markets are signalling that the vast accumulation of ‘real’ (i.e. indelible) debt in exchange for ‘assets’ known to be fundamentally worthless is not a scenario they wish to finance.

• The pace of overall deterioration is already completely out of control and cannot be ameliorated by the fraudulent means being assembled behind the cover of the market lockdown at this time.

• The President cannot continue promising the moon at the same time as the markets are telling him that they won’t cooperate, on the principle that he, the President of the United States backed by the corrupt Biden National Security Council and CIA is more powerful than the financial markets:

• Because he will discover that the very reverse is the case. If he was paying attention he’d have noticed this already. If he’s not paying attention, he’s doomed: and if he is at last paying attention, he’d better deliver appropriate reprimands to his colleagues in strong language before he’s toast.

FAST TRACK TO EARLY IMPEACHMENT FOR LYING TO THE AMERICAN PEOPLE
For, Mr President, if you want to continue PROMISING THE MOON, without having the means to pay for it, do please continue PROMISING THE MOON.

(We note from recent pronouncements that you appear to have some doubt in your mind that you do actually have access to the necessary real resources to finance the purchase of the moon).

• So, don’t be surprised if some of us ‘out here’ open a book inviting odds on your impeachment for lying to the American people. Maybe the crooks in your White House and Treasury have set you up for precisely such an outcome. THINK ABOUT IT.

PRIVATE COMMENT FOR THE OVAL OFFICE
Mr President, we respect the majesty of your office and your outstanding qualities. We gave you the appropriate benefit of the doubt, time to get your feet under the desk, etc, time to breathe.

Unfortunately, THERE IS NO TIME FOR FURTHER INDULGENCE.

You or the people surrounding you have DELIBERATELY DECIDED TO ESCHEW THE ONLY MECHANISM THAT WILL SAVE THE UNITED STATES, THE WORLD AND YOUR PRESIDENCY FROM THE VERY WORST POSSIBLE OUTCOMES.

• That decision is not just PERVERSE: it is CRIMINAL. SECURITIES FRAUD IS CRIMINAL.

• You have the solution to hand, you had the wherewithal to finance it, you could have adopted the sound economic course to stability advised. But you didn’t. FATAL, TERMINAL, MISTAKE.

Instead of which, your compromised advisers preferred to CONTROL THE RECOVERY PROGRAM THEMSELVES. Why? Because they wanta piece of the action, of course. True or false?

They want corrupt ‘business as usual’. This is not possible for long, Mr President, because there has been a DECISIVE DISCONTINUITY. The fraudulent nature of official US Ponzi finance has been exposed. You can’t go on with it unless you relish the prospect of revolution and chaos.

PRIVATE SECTOR CAPITAL MARKETS REFUNDING NEEDS TO BE DONE FROM ABROAD
The private sector Capital Markets REVENUE-generating solution can be handled from abroad. It can still generate massive REVENUES for the US Treasury. Nobody wants to see the United States walk to its death due to the misplaced PRIDE and IGNORANCE of the people in charge. We’ll see.

References and Notes:
(1) ‘And he spake a parable unto them, Can the blind lead the blind? Shall they not both fall into the ditch?’: Luke Chapter 6, verse 39.

(2) ‘Stanford had links to a fund run by Bidens’, by Susan Schmidt, Steve Strecklow and John Emshwiller, The Wall Street Journal, Money & Investing section, 24th February 2009.

(3) We prefer the more correct appelation ‘George Bush Center for Terrorism’ because, as often explained in these reports, on the basis of their own statutory definition, these criminalist agents engaged in this Fraudulent Finance are FINANCIAL TERRORISTS. The CIA openly advertises its Langley base as named after George Bush Sr., who IS the head of Deutsche Verteidigungs Dienst, Dachau’s North American subversion operations.

Therefore, essentially, this crisis is a foreign subversion operation masterminded by a Fifth Column inside the US structures: as explained in the Editor’s book The New Underworld Order.

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

LEGAL TUTORIAL: The Steps of Common Fraud:

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

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

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

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

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

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

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

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

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

FRAUDULENT CONVEYANCE:

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

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

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

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

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

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

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

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

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

CATASTROPHIC BANKERS’ RAMP TO CONTINUE UNDER OBAMA

SMALL PROBLEM: THE MARKET AND THE WORLD AREN’T BUYING IT

Sunday 15 February 2009 04:00

UPDATE 25th February: Note from the Editor: Would the party who emailed me last year with outline details of $25,000 that Wanta accepted from him and never repaid, please email the Editor as soon as possible, with ‘further and better particulars’? We do have the original email, but it is in another location, and the Editor could usefully apply this information now: cstory@worldreports.org.

See new update for 23rd February: ‘EU ELITE FEASTS WHILE THE WORLD CRUMBLES’ below…

See new update for 20th February: ‘STANFORD TOOK OVER FROM NORIEGA’, below this update…

IF THE BLIND LEAD THE BLIND, BOTH SHALL FALL INTO THE DITCH (1)

• UPDATE 19TH FEBRUARY 2009:
AND LO! THEY ARE FALLING INTO THE DITCH ‘AS WE SPEAK’:
Specifically, on 18th February, the cost of insuring a $10 million US Treasury instrument for a five-year maturity reached $90,000. On 19th February, the cost had risen to $93,000! In a normal market, the cost should not exceed $10,000, at the most.

• SO, the more they write, the more junk the US Treasury creates, the higher the price. It’s been doing this more or less constantly since Obama took office, by the way.

This data, publicised by CNBC and derived from CME ‘pit’ sources, tells you that the market is 100% in agreement with the assessment elaborated upon below. Confidence in US Treasury instruments is collapsing, as a consequence of the fact that not all financial market participants and observers are as mentally deficient as the corrupt technicians who are taking Barack Obama and the United States’ financial economy to the cleaners.

What they thought they could get away with is a giga-TARP operation, involving circular financing which only delivers vast mountains of new garbage Treasury debt in the background: and we are talking about TRILLIONS here. We therefore CONFIRM that the disastrous course adopted by the financial sorcerers surrounding President Obama WILL lead this Adminstration, the US dollar and the US and world financial economies into a BRICK WALL, and that the deterioration of which the above-mentioned price is a potent symptom will be RAPID, taking the whole world by surprise.

When this materialises, kindly remember the following, would you? The catastrophe is specifically and EXCLUSIVELY a consequence of the determination of these Fraudulent Finance specialists to CONTINUE with their exotic, illicit financial Ponzi operations, LONG AFTER THE REST OF THE WORLD HAS SEEN RIGHT THROUGH THEIR DUPLICITY. So, fasten your seatbelts: these US idiots made their choice, hoping to cover up their complicity in the Banker’s Ramp. Now they will finally discover that by wilfully refusing to ‘go straight’ with on-the-books financing as agreed ages ago by the Group of Seven, they will reap the whirlwind. And so, unfortunately, will the Rest of Us.

THE BLIND FOOLS HAVE BROUGHT THIS PREDICTED CATASTROPHE UPON THEMSELVES

• UPDATE, 20TH FEBRUARY 2009: STANFORD TOOK OVER FROM NORIEGA:
In extensive coverage of the Stanford scandal today, The Daily Telegraph states: ‘As ‘Sir’ Allen’s financial empire unravelled, depositors across the Caribbean and South America besieged banks that he controlled in Antigua, Venezuela, Ecuador, Colombia, Peru and Panama’: which HAPPEN of course to be the primary locations of the Bush-CIA drug empire. On making further enquiries, the Editor has just been informed that quote ‘Stanford took over from Noriega’ unquote.

Stanford’s offices in Houston are in the Galleria complex where Carlyle’s offices are located.

And WHERE was Stanford ‘picked up’? Uh, in Fredericksburg, Virginia, deep inside intelligence communitysville. Who would want to GO THERE when ostensibly on the run from law enforcement?

Only a high-level drug-running Central Intelligence Agency operative in trouble who needed to be debriefed in a hurry and told what steps to take to PROTECT THE AGENCY from exposure, right?

On 1st November 2008, according to Mr Wayne Madsen’s service, the Spanish news agency EFE reported that Venezuelan military intelligence operatives raided Stanford International Bank in Caracas and investigated three Stanford Bank employees at the Venezuela branch believed to be US drug-running intelligence agents. The press is also reporting an extremely unfortunate photo of Stanford and Barack Obama ‘in happier times’.

So you see, folks (to coin a phrase), it’s not simply all about the money, it’s ALL ABOUT THE CIA MONEY: THE COLOSSAL DRUG-TRAFFICKING AND FRAUDULENT FINANCE CRIMINAL PONZI NEXUS upon which the power to control the US Government USURPED by the CIA rests.

• The CIA is IN CONTROL, OUT OF CONTROL, and needs to be BROUGHT UNDER CONTROL, which is not about to happen under Leon Panetta, who ‘ran the money’, didn’t he, under Clinton. And this, in turn, is WHY the financial sorcerers in the White House and the Treasury are risking a catastrophic collapse: because they defer NOT to the US President, but rather to the reprobate, arrogant, ruthless Intelligence Power that CONTROLS the President, and which has USURPED the Presidency given its power as the ‘State within the State’ (operating from the George Bush Center for Terrorism), acquired by financial corruption and its allegiance to the DVD’s George Bush Sr..

• All of which brings to mind our letter to the British Ministry of Defence some months ago, in which we asked: WHAT ARE WE DOING IN AFGHANISTAN? And to which, as subsequently reported, the Editor received NO REPLY. The lack of response reflected the fact that the MOD knew that any response would be displayed on our website: so, rather than LIE TO US, they didn’t respond at all.

Today, The Daily Telegraph carries an op-ed article ASKING THE SAME QUESTION. The article begins as follows: ‘ALTHOUGH IT HAS YET TO COME CLEAN ON THE ISSUE, the Government believes that our commitment in Afghanistan will last for generations. Our Ambassador to Kabul blithely mentioned us being there for “30 years”. BUT WHAT ARE WE THERE FOR?’

The author, Michael Burleigh, doesn’t say. He thinks we are ‘chasing phantoms’. WE SAY:

• NO, WE’RE NOT, SIR. WE’RE CLAIMING AND GRABBING CONTROL OF THE DRUG TRADE. That’s why the idiot Brit in Kabul says we’ll be there for 30 years. Because that’s how long they think it’s going to take to ELIMINATE THE OPPOSITION.

• By its cowardly non-response to the Editor’s straightforward question (which it can rectify at any time, to ‘correct’ any ‘misapprehensions’ we may have), the Ministry of Defence has confirmed by its default, that it is a criminal enforcement organisation.

• Like the Central Intelligence Agency and the US military.

IN OTHER WORDS, the British Government SUPPORTS THE CIA, which means that it is perfectly content that this revolutionary US ‘State within the State’ controls the US Government, which by extension means that the British Government is a co-conspirator in the entire range of scandals.

So the ‘Special Relationship’ has decayed to the point at which it serves exclusively the interest of a vast, unfettered criminal enterprise which knows no bounds to its abuse of power. And treads all over the British at every possible opportunity, by the way. Indeed it treats the Brits with disdain.

In any rational environment, that would be cause enough for a comprehensive suspension of these intelligence relations until such time as the Americans get round to cleaning up their act.

• UPDATE 23RD FEBRUARY: EU ELITE FEASTS WHILE THE WORLD CRUMBLES
We are not commenting quite yet on familiar financial issues we have been asked to comment on, because (a) certain information we hold has to be held back due to ongoing geopolitical ‘real-time’ considerations and (b) because other information is not yet ‘hard’ enough to be used. So, instead, you may be interested in the following description of filthy EU pigs with their stinking snouts in the feeding trough that appeared in an article in Murdoch’s Sunday Times, even, on 22nd February:

‘The past few months have been an interesting time to be working in Brussels’.

‘Outside, in the real world, reputable banks crumbled to dust, shares went into a nosedive, big companies became close to worthless, hundreds of thousands lost their jobs and millions feared the worst. Inside the Eurobubble, you’d hardly have known. The elite continued to go to champagne
receptions in the evenings before eating in highly-rated restaurants at taxpayers’ expense’.

‘They continued to flit from city to city to attend meetings; continued to fly around the world on fact-finding missions; and continued to think up ever more rules and regulations to help organise the
lives of the European Union’s 500 million citizens’.

Our only further comment would be that had the Editor written this, the language would have been, as the erstwhile Carlyle employee John Major used to say, ‘not inconsiderably’ fruitier.

‘STRUCTURED PRODUCTS’: TOXIC INVENTION OF A MASSIVE BANKERS’ RAMP

REVALIDATING AND FALSELY REVALUING WORTHLESS ASSETS

ROOT CAUSE OF THE GLOBAL CRISIS: THE CIA FUNDS ITSELF BY FRAUD

RECENT DEVELOPMENTS: THE DUBAI THEFT • GREENSPAN’S INDICTMENT

PUFFING UP FLAWED POLICIES GUARANTEED TO FAIL

THE SOLUTION

WHY THE SOLUTION IS BEING BLOCKED, AND WHO IS BLOCKING IT

FRIGHTENED HEDGE FUND OPERATIVES MEET AT GOLDMAN SACHS

COALITION OF PARTIES BLOCKING THE REFUNDING

ANATOMY OF MBS-CDO-CDS FRAUDULENT FINANCE OPERATIONS

NSA STEALS ICR TEXT PROVING TARP WAS A SCAM TO REFUND CARLYLE, BUSH ET AL.

THE DIAGRAMS TO BE PUBLISHED WITH OUR PAPER

FAT CAT BRITISH BANKERS SO SORRY THEY LOST THEIR OWN MONEY

BARCLAYS BANK’S FALSE BALANCE SHEET

WHY WE WERE TOLD TO ‘COOL IT’ ON CRITICISING BANKERS

A COUPLE OF PERTINENT ‘PERISH THE THOUGHTS!’

SNAPSHOTS OF PONZI CRISIS FALLOUT IN BRITAIN AND EUROPE

EUROPEAN COMMISSION’S DELUSIONS ABOUT ‘ASSET RELIEF’

SWISS RE SCRAPS ITS DERIVATIVES OPERATION COMPLETELY

WORST PROSPECTS FOR BRITAIN SINCE 1931

GOVERNMENTS UNABLE TO HANDLE HUGE INSTITUTIONAL COLLAPSES

MADOFF UPDATES

OUR SUSPICION OF A STITCH-UP IS SUPPORTED BY ANOTHER SOURCE

CRUDE CIA BLACKMAIL THREAT AGAINST MI-6

IN MEMORIAM

REACTIONS TO OUR REVELATION CONCERNING MICHAEL C. COTTRELL, B.A., M.S.

THE LIBELLOUS ATTACK ON MICHAEL C. COTTRELL, B.A., M.S.

THE EDITOR’S INTERIM STATEMENT

MICHAEL C. COTTRELL’S SWORN AFFIDAVIT IN RESPONSE TO THE ATTACK

• Attack on the Editor by Heneghan following this posting:
This operative has now dispensed libel in the Editor’s direction, a somewhat foolish move as it is plainly now open to the Editor to take action against him for libel in the English Court. Readers can of course judge for themselves whether an operative who loses no opportunity to excoriate Mrs Clinton yet at the same time contributes to the Hillary Clinton for President political campaign, is someone in whom trust can be placed when assessing the veracity of his so-called ‘intelligence’. And by the way, the Editor is not an intelligence ‘asset’: ‘liability’ would clearly be more accurate!

We have no information to suggest that this reckless operative has seen fit to retract his earlier libels against Michael C. Cottrell, B.A., M.S., and Colonel Dana Wilcox, and likewise no overtures have been forthcoming from this fellow to retract his libels and fabrications against the Editor of this service. Presumably he assumes that he is somehow protected from the consequences of his rash behaviour. According to what we hear, we strongly doubt that this can be the case. Since we have been ‘asked to comment’ on Heneghan’s libels against the Editor, here is our comment: they are libels, see? What he has stated concerning the Editor represents febrile fabricated gibberish.

The Editor has been asked to point out that anyone ‘out there’ who wants to know more about the background to these ignorant rants, and why they are doing them, should get directly in touch with Michael C. Cottrell, B.A., M.S., at his phone number 814-455 9218. Calls will only be accepted from parties who reveal their full identity. Spooks and others who hide their identities because they are scared of being exposed by us, will naturally not be inclined to make such a telephone call.

• Greenspan update: Enquiries by the Editor have CONFIRMED that that Dr Alan Greenspan WAS arrested the week before last, and we know precisely WHO performed the arrest. This being the case, it is reasonable to ask why this crook has been allowed to remain in circulation, delivering a speech, for instance, to dummies attending the Economic Club of New York on 17th February.

The answer appears to be that the 45-page indictment has NOT been withdrawn, that he HAS been arrested, and for all we know he may be walking around with an electronic tag on his right foot.

As these reports inter alia have established, there is one rule for crooks operating at the highest levels, and another for subsidiary crooks, such as the Bush laundryman ‘Sir’ Allen Stanford, who tried to escape from the United States on the 18th February but was frustrated when the private jet firm hired to fly him to Antigua, refused his dodgy card. The Stanford unravelfest is of course just another dimension of the spasms of violent implosions arising from the exposures of this hive of Fraudulent Finance – which has completely destabilised all governments, central banks and their advisers, who have responded with chaotic, uncoordinated, pointless, knee-jerk ‘do-something’ policy changes, such as reducing interest rates to close to zero, and thereby effectively deleting the financial sector from the equation: which is why Greenspoon is now ‘calling for’ nationalisation of all banks. Not only is he himself specifically responsible for the crisis, but central government control of banks = Communism, which places ALL assets in the hands of guess who: THE CROOKS.

Zero rates WORSEN the prospective plight of the banks, as depositors seek actively to improve returns, thus threatening the finances of the banks which were corrupted by the Bush-Greenspan derivatives Ponzi operations. We will be deconstructing some of these flailing responses later.

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

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

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

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

• MADOFF ‘VICTIMS’ LIST: Two reports were posted on 6th February 2009 containing the entire list of customers of Bernard L. Madoff Securities, Inc.. Because the list is so huge, we divided it into two segments: Clients A-N; and clients O-Z, plus a Miscellaneous Section. See: Archive. Our list is the easiest to load and clearest of the lists that have been reproduced privately on the Internet.

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

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

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

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

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

• Please Make a Donation to help finance Christopher Story‘s ongoing global financial corruption investigations, which have turned the whole world upside down and have exposed the corruption which was intended to enable the geocriminalist syndicate to seize the wealth of the entire world. These people have finally been more or less completely stopped in their tracks as a consequence of these exposures. Your assistance will be sincerely appreciated and will make a real difference, hastening the OVERDUE resolution of the worst financial corruption and linked financial fallout in world history. The Editor’s $35,000 Wanta bail-out money was not repaid and so has been stolen. It will be collected in due course and the thief will be appropriately dealt with, having so far taken no steps at all to repay the Editor’s loan funds, which should have been remitted on 11th June 2007.

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NEW REPORT STARTS HERE:

INTRODUCTION
We can now complete the metaphor that we held in suspense following the American Presidential Election. After hovering in mid-air trying to decide whether to fall headlong into the fire or not, the CIA-controlled US Federal Government under President Obama has fallen face-first into the (Ring of) Fire, and is in the process of being consumed in the flames.

The flames are fanned by a lethally explosive incendiary device called a Banker’s Ramp.

Instead of accepting that the products of the Bankers’ Ramp – so-called derivative ‘Structured Products’ – are without instrinsic value, the fools and co-conspirators in the US Treasury and at the Federal Reserve under Bernanke thought they could con the world, as Mr Paulson tried to do, into believing that these worthless fraudulent assets could be repackaged with an insurance wrap, and thereby converted from trash status with no recourse to the underlying flow of real cash-cash, into value-laden assets of tangible value. Which is impossible. Natch, this latest marketing ploy failed even as it was being tentatively launched.

For unsurprisingly, Treasury Secretary Geithner’s revamped version of the duplicitous H. Paulson TARP scheme, the purpose of which was to refinance Carlyle, Carlyle Capital, George H. W. Bush Sr. and other notorious Fraudulent Finance parties [see below], was given an immediate thumbs-down by the financial markets on 10th February, even as Mr Geithner was speaking. Specifically, the S & P 500 closed down 4.9%, while its financial sub-index fell on the day by 11%.

The widespread decline wiped out most of the preceding week’s strong stock market gains, with JPMorganChase and Wells Fargo shares losing 9.8% and 14.2% respectively, while Bank of America and Citigroup stocks dropped by 19.3% and 15.2%.

Now this Geithner fellow is the son of Peter F. Geithner, the Director of the Asia Program at the Ford Foundation in New York. Mr Geither’s dad oversaw the Ford Foundation’s micro-finance operations in Indonesia which were being developed by Ann Dunham-Soetoro, the mother of President Barack Obama. Timothy Geithner’s maternal grandfather, whose name was Charles F. Moore, was an adviser to President Eisenhower, and was also a Vice President of Ford Motor Company. Timothy Geithner spent most of his childhood living outside the United States, first graduating from the International School in Bangkok. He also obtained a degree from Dartmouth College in Government and Asian studies, and his MA from Johns Hopkins University was in international economics.

Yet notwithstanding Geithner’s superb educational background and qualifications, the much-heralded Geithner statement, as predicted, was a complete flop. Mr Geithner had evidently not received sufficient education to be able to discern that what he was intending to propose would collapse like the remainder of a child’s balloon after it has been popped; and nor, it appears, was he in any way disposed to read the trailer for his expected flop that we published on this website on 8th February, ahead of his presentation.

According to market sources, the primary cause of the resulting uncertainty was, as one voice put it, that ‘the question of how to value banks’ toxic assets remains unanswered’.

Which was a petty silly complaint, given the fact of the matter, known to all market participants who aren’t high on speed: THEY CAN’T.

The reason that the banks’ derivatives assets haven’t been valued and cannot be valued is that THEY HAVE NO VALUE. They are figments of financial marketing sorcerers’ imaginations.

The very word ‘derivative’ itself contains the brazen lie that the subsequent ‘Structured Products’ are DERIVED from the original transaction, whereas in reality the cashflow from the original deal does not ‘travel’, and the subsequent parties have NO RECOURSE to the hard cashflow from the original transaction, so that they are handling phantom trades divorced from the original contract.

‘STRUCTURED PRODUCTS’: TOXIC INVENTION OF A MASSIVE BANKERS’ RAMP
This reality, which has been borne in on even the dumbest dumkopf since our exposures, will be spelled out in the forthcoming issue of International Currency Review with the benefit of simple flow-charts showing how derivatives ‘assets’ are created and are fraudulently ‘marketed’ without recourse to the sole source of real money – the payments to the Mortgage Bank of the mortgagor, or the payments of the credit card holder to the card issuer. All subsequent derivative ‘Structured Products’ are fraudulent Ponzi-model scams, because they have no value given that none of the subsequent derivatives parties have recourse to the original source of funds [see below].

That derivative ‘Structured Products’ are symptomatic of a massive Bankers’ Ramp which has loaded European institutions with perhaps as much as $30 trillion of dud assets, is implied not only by the facts of the matter (explained in greater detail below), but also by the rather pertinent fact that traders on the Chicago Mercantile Exchange tell us from the pits that they regard derivatives products as completely worthless, and will not be interested in exotic new Treasury instruments (‘Geithners’) designed to turn sawdust into gold.

Likewise, as previously reported, the regional US Federal Reserve Banks consider derivative products to be without intrinsic value – a stance that places them at odds with Geithner’s former employer, the Federal Reserve Bank of New York, and the Federal Reserve Board under the co-conspirator Dr Ben Bernanke, both of which institutions specialise in Fraudulent Finance.

No-one, either at home or abroad, in the G-7 or the G-20, is going to be interested in any magic formula developed by the US Treasury to persuade investors that derivatives-based repackaged Ponzi-model ‘Geithners’ marketed with a US official guarantee and US Treasury imprimatur are a sound investment. It won’t fly.

For given the worldwide awakening to the truth about this Fraudulent Ponzi-model finance, the likelihood of foreigners rushing to purchase degraded US Treasury ‘Geithners’ masquerading as of intrinsic worth when the reality is that they consist of recycled toxic waste, has shrunk to nearly zero – not least given that Mr Geithner has shown himself to be even less proficient at pulling the wool over the markets’ eyes than the serial fraudster Henry M. Paulson was in his notorious day.

REVALIDATING AND FALSELY REVALUING WORTHLESS ASSETS
No, what the US Administration – now completely under the control of the Bush-Clinton criminal finance continuum – was crassly intending to do, was to revalidate the Bankers’ Ramp as though there has been no discontinuity – an extraordinarily stupid and blind course to adopt.

For the Fraudulent Finance engineers inside the Central Intelligence Agency, the Treasury and the Obama White House were hoping to ignore the much greater overall sophistication of sensitised observers since these exposures started in 2006, and to deny all that has happened during this distressing period – the blatant official corruption, the duplicity and diversionary operations, the wall-to-wall disinformation and propaganda, the endless lies and spiels about ‘filling in the holes’ when what was meant was that pyramid-selling participants were being paid off with ‘new money’ derived from other victims of the scams, the suicides, the false reports of imminent settlement recycled every week out of the gutter – and to pull a new Fraudulent Rabbit out of the Treasury’s box of magic tricks, as the US Treasury has done so often before.

But this time, the Magic Rabbit disappeared before it was even out of the hat. It was scared away by the glaring light of global scepticism and the absence of the smoke and mirrors cover to which it is accustomed. For the age of smoke and mirrors is over.

No longer can the US Treasury convince anyone in the world that has the answer to the mess for which it is responsible, on behalf of the controlling Intelligence Power (see previous report and below). And one reason that the US Treasury has lost all credibility – apart from the fact that, under Paulson, who systematically trashed the Full Faith and Credit of the United States, it became known as the Lie Factory – is that it is deliberately, under heavy pressure from the Bush Crime Family, the Clintons and associates, the Chicago FBI, and the CIA, choosing the WRONG PATH, despite the fact that it knows perfectly well what the CORRECT COURSE OF ACTION SHOULD BE.

Yes, the US Treasury knows what it SHOULD DO, but is obtusely continuing with the Bush-Paulson policy of Fraudulent Finance instead of adopting the SINGLE COURSE OF ACTION that would soon guarantee an end to the crisis. Given the extreme gravity of the situation, this represents nothing less than wilful treason against the United States and its people, and a perverse intent to pursue the worst possible course which, if not reversed, will bankrupt the whole world.

ROOT CAUSE OF THE GLOBAL CRISIS: THE CIA FUNDS ITSELF BY FRAUD
It would be comforting, perhaps, to believe that US Treasury officials are just incompetent. But the record shows that no, they seem to be malevolent: they are wilfully impeding and standing in the way of resolution of all outstanding problems over time, by obtusely insisting upon an open-ended continuation of deficit-financing operations to sustain off-balance sheet Fraudulent Ponzi-model Finance, so that the US criminal élite’s cronies can continue to generate false, unreported and so untaxed profits from their unproductive and illicit speculative activity and can continue hiding the proceeds untaxed in offshore bank accounts. And the primary reason for this madness is the factor we again identified in the preceding report:

• The Treasury’s stance is governed by the fact that it defers to the Intelligence Power which controls the US Federal Government, selects its personnel, and has usurped the power of the Executive Branch. As we have frequently pointed out, the CIA is in control, out of control and needs to be brought under control.

And guess what: they don’t like us reminding you of this fact.

• Because when we do so, we are in fact pinpointing the core of the problem facing the United States and the WHOLE WORLD, which is that the Central Intelligence Agency (proxy for the vast, corrupted US intelligence community and its drug-running operations) is a self-financing ‘State within the State’ that controls the Executive, Legislative and Judicial Branches of Government – not the other way round. The CIA is supposed to be the clandestine arm of the White House.

But thanks to its proven ability to penetrate all other branches of Government and its structures, and to finance its operations on a gargantuan scale using drug-trafficking proceeds and Ponzi schemes of ever increasing sophistication, it has usurped the US Government itself.

For it was the intelligence community that developed these Fraudulent Finance schemes in the first place. Who do you suppose provided traders with the special satellite-linked ‘grey screen’ trading equipment enabling Agency operatives based in the boonies to conduct secret Fraudulent Finance trading operations within the closed financial system that is at the root of this crisis?

The equipment is provided by the Intelligence Power. The Editor knows of one family where the successive husbands operated this equipment clandestinely without even explaining what they were doing to their family members. And this secret trading, designed to increase the illicit, hidden takings of the Intelligence Power through Fraudulent Finance, goes on all over the United States.

The Intelligence Power finances itself via Fraudulent Finance operations and is jealous of its total independence from Congress and of its power to control the Government. Key figures throughout the Administration are either intelligence operatives or puppets of the CIA.

Therefore, the Administration defers to the Intelligence Power, instead of the CIA operating from a position of subordination to the Executive Branch.

• That is the nub of the crisis facing the whole world.

It is the CIA et al. that is blocking resolution of this crisis, by ensuring that the Treasury seeks to continue the Fraudulent Finance activity, which is supposed to be funded by a vast increase (so it supposes) in official debt, with no prospect of any of it ever being amortised.

This is of course a recipe for disaster, collapse and a wheelbarrow future: and the culprit is the CIA.
It is the corrupt US Intelligence Power that pulls all the strings and is insisting upon the Treasury retaining control over ‘recovery financing’, despite the reality that the Treasury and the Federal Reserve can never achieve the objective that the CIA insists upon, because no-one in their right mind is going to buy the repackaged Treasury trash for long, if at all.

Therefore, the US and global crisis boils down to the very issue identified a long time ago by this service: the Central Intelligence Agency is jealous of its hegemony which is financed by Fraudulent Finance and fears that when its Ponzi operations cease, it will LOSE its hegemony status and will cease to be in any position to control the Government, especially the Executive Branch.

Given moreover that the Central Intelligence Agency is a criminal enterprise directed de facto by the Bush Crime Family with its Clinton add-ons (2) via the George Bush Center for Terrorism (oops, Intelligence), it may well view the threat to its hegemony by the ongoing and irreversible collapse of the derivatives fraud as a pretext for taking matters even further into its own hands, by which we mean perpetrating some atrocity or other to provide a pretext for drastic domestic repression. This may satisfy its power lust but will not, of course, solve its financial problems insofar as the collapse of the derivatives sector will leave it dependent solely on its drug-trafficking proceeds.

In this connection we need to reiterate that anonymous, unprovenanced reports by a fictitious source calling itself Sorcha Faal and purporting to be derived from the Kremlin, is actually a diversionary disinformation operation perpetrated by an Irishman, S. L. O’Huallachain and by Commander J. Forrest Sharpe, of Light in the Darkness Publications, Vienna, VA, located, as we recently pointed out, deep in US intelligence communitysville, according to our sources.

Sharpe is said to be ‘active duty submarine service fleet’, implying an Office of Naval Intelligence (ONI) link here – ONI being one of the most ruthless of all the arms of the CIA sub-Octopus, as well as ‘incidentally’ being where Admiral Blair, the new Director of National Intelligence (DNI), comes from: which probably tells you all you need to know about the agenda of such reports.

As previously noted, they begin with the phrase ‘Rumours circulating in the Kremlin today’, a tell-tale giveaway, as the Editor’s long service as Editor of Soviet Analyst entitles him to state without fear of contradiction that the Kremlin doesn’t DO rumours.

No, this is just another outlet for the destructive US domestic intelligence war and for gratuitous scaremongering, agitation and propaganda spewed out by the scared ‘State within the State’ which correctly perceives that it is in severe danger of being cut down to size as a consequence of the exposure and implosion of its Fraudulent Finance operations which sustain its usurped status as the power that controls the Federal Government, whereas it is supposed to be the subordinate clandestine arm of the Executive Branch.

RECENT DEVELOPMENTS: THE DUBAI THEFT • GREENSPAN’S INDICTMENT
With reference to the massive sum of money that was diverted to Dubai on Friday 6th February, threatening the likelihood at the time that Citibank might have been unable to open its doors on Monday 9th February, the funds were retrieved over that weekend so that, in the event, Citibank did not collapse and was able to open for business.

As we reported, that event precipitated the cancellation of the State Visit to Dubai and Abu Dhabi by The Queen and the Duke of Edinburgh previously planned for late March – an analysis that we were subsequently told was ‘absolutely accurate’.

Concerning the cuffing of the arch-criminal finance specialist Dr Alan Greenspan, there are now at least four versions concerning this operative’s arrest: (a) He was arrested on or about Monday 2nd February; (b) he was cuffed on Friday 6th February, as we reported; (c) he was cuffed on Thursday 5th February 2009, which we are now inclined to believe would have been more accurate than (b), because we also now think that the funds were diverted to Dubai on Thursday the 5th, or at least overnight 5th/6th February; and now (d) a warrant has been issued for Greenspan’s arrest, which (as of the morning of 12th February) remained pending.

On 12th February we learned that a 45-page indictment has been prepared against Greenspan, and this information was confirmed by a separate very reliable source.

In addition, a batch of officials at the Federal Reserve who thought they were TSTBA (‘Too Senior to Be Arrested’) were reported to us on 12th February to have been arrested in the context of their continuing sabotage of the Settlements. And on Wednesday 11th February, 18 examinations of the biggest US banks were initiated, with a team of some 100 bank examiners descending like locusts on Citibank, JPMorganChase, Bank of America and other US criminal financial enterprises looking inter alia for derivatives exposures. In this connection we have learned that there exists a circle of very high-level and influential bankers and traders whose names are not currently in the public eye, who have been systematically blocking the Settlements, while at the same time continuing their headlong derivatives Ponzi trading operations.

As for the meltdown inside the Securities and Exchange Commission (SEC), accused by Harry Markopolos before the House Financial Services Subcommittee of failing for many years to take necessary measures against Bush-Ponzi fraudster Bernard L. Madoff, the agency’s previously referenced leading enforcement officer, Linda Thomsen, was reported be resigning ‘to pursue opportunities in the private sector’. Obviously, she decided that the heat in the kitchen was excessive for her fragile constitution.

We have been further advised that certain other very well-known characters on the stage are targeted for arrest and indictment. These developments reflect the fact, stressed to us by reliable sources, that there is now a consensus that these arrogant financial sector Financial Terrorists (which is what they are) are not above the law.

Let us hope that this time round, Law Enforcement makes the arrests in front of the TV and press cameras, as we have advised in the past: that would be the single most effective step that could be taken to bring this crisis to a head so that the unavoidable, sabotaged shakeout is not fudged.

PUFFING UP FLAWED POLICIES GUARANTEED TO FAIL
Against this incredible background, the Secretary of the United States Treasury stood up before the whole world on 10th February 2009 and announced that he intends to perpetuate a gigantic fraud! His ill-considered plan was dead in the water the moment it was announced.

As a consequence, the US Treasury and the Federal Reserve have made themselves the laughing stock among those elements of the financial intelligentsia and of key official structures around the world who know precisely what should be done, and have watched with renewed astonishment at the endless capacity for these US financial sorcerers to imagine that they can continue lying and deceiving the markets, the investing public, the American people and the Rest of the World.

As for President Obama’s ‘stimulus bill’, it represents a big band-aid which would be better applied to a bandicoot, because of course it simply adds further to the debt in the background and fails to address the central issue, namely that CASH REVENUE has to materialise in order for the banks to be refloated ON THE BOOKS.

The only possible justification for this rash initiative, which narrowly passed the Senate on 13th February, would be as a short-term stop-gap measure pending the REVENUE cashflows triggered by the G-7-Approved Refunding Programme – which is what President Obama appears to have had in mind, and which his own personnel are obtusely blocking.

The banks CANNOT be refloated via the revalidation and revaluing of worthless junk through the issuance of more and more ‘background Treasury debt’ on the scale required – not least because no insurance wrapround that the Treasury and the Federal Reserve might devise can compensate for the fact that the markets have seen through the Ponzi scams and are not proposing to gobble up any US Treasury repackaged trash ‘assets’ with falsified ‘values’ anytime soon. The Treasury’s purpose all along, as under Paulson, has been to perpetuate opportunities for Fraudulent Finance so that the off-balance sheet proceeds of these Ponzi frauds can be stashed untaxed in offshore bank accounts by the self-appointed privileged ‘élite’ serving the selfish and treasonous interests of the terrified US Intelligence Power.

In fairness, it should also be stressed that the lethal derivatives Ponzi trading carousel is being sustained by the ‘powerful’ circle of top traders and bankers alluded to above, upon whom the Treasury is said to rely when it needs ‘assistance’, who consider themselves literally to be above the law, immune from arrest and prosecution, and who function inside what they consider to be a ‘protective zone’ of privilege within which ‘legitimised’ Fraudulent Finance can be practised with impunity. These people are about to discover that, contrary to that complacent assumption, the game has changed as a discontinuity has taken place which they have chosen not to recognise.

THE SOLUTION
The universal solution to the global systemic financial corruption crisis has been on the table for several years, and was specifically re-approved by the Group of Seven Financial Powers at their summit meetings in 2007 and 2008. The adjective ‘universal’ is applicable because implementation of the agreed-upon solution will, over quite a short space of time, refloat the banks by generating accruals on-the-books, revalidate the US dollar and the US dollar financial system in the process, revitalise the world trading system as a consequence, and shower the US Treasury with ongoing windfall tax accruals which will transform its finances and reverse the centuries-long one-way deficit-financing and debt accumulation route to financial collapse.

Banks will be refloated on balance-sheet very quickly because accruals arising from transparent transactions with the appropriate capital markets instruments as prescribed by the G-7 will cascade into the banks in the form of deposits, transforming the banks’ balance sheets in the process.

This solution, like all truthful and straightforward means of resolving problems, is the essence of simplicity. By contrast, the covert, surreptitious, off-balance sheet, untaxed, secretive, fraudulent derivatives ‘Structured Products’ operations based on worthless assets generating fake yields, are enveloped in a fog of extreme complexity, as will be revealed in somewhat excruciating detail in the forthcoming issue of International Currency Review [Volume 34, #2].

The universal solution to the global systemic financial corruption crisis consists of the following straightforward and wholly transparent response:

• The ongoing conduct of fully taxed on-balance sheet capital markets instrument transactions with selected institutions in the PRIVATE SECTOR (therefore wholly independently of the DEBT-BUILDING public sector), as approved by the Group of Seven Financial Powers in 2007 and 2008, using LOAN funds provided pro bono publico for this purpose at her sole discretion primarily by the British Head of State, the total value of which is $6.2 trillion.

[These funds were placed into ‘lockdown’ on 12th September 2008, after it had transpired that instead of being deployed for the purpose intended by the lender(s), the funds had been illegally subjected to exploitation to finance the Fraudulent Finance Ponzi-model carousel.

After these funds, plus an additional $7.8 trillion of monies owned by the Chinese parties, went into ‘lockdown’, flows of funds needed to finance the corrupt illicit trades – with the exception of the drug money flows sustaining interbank operations as identified by the Executive Director of the Vienna-based United Nations Office on Drugs and Crime (UNODC), Sr. Antonio Maria Costa, which were referenced in our report dated 8th February 2009, dried up – triggering mass redemptions, including an estimated $7.0 billion of redemptions by clients of the Bush-linked Ponzi scheme manipulator, Bernard L. Madoff, as described in earlier reports].

• Such ON-BALANCE SHEET PRIVATE SECTOR capital markets transactions will generate REVENUE which will be TAXED, yielding ongoing windfall tax accruals to the American Treasury – which, by definition, will reverse the century-old decadent US one-way deficit-financing orgy accumulating vast mountains of official debt in the background which can never be repaid, accompanied by the degradation of Treasury securities and the US dollar itself to trash status.

• Under this wholly transparent Group of Seven-Approved Capital Markets Refunding Programme, Michael C. Cottrell, B.A., M.S. is instructed to conduct the on-balance sheet transactions using the appropriate instruments through his firm Pennsylvania Investments, Inc., in accordance with the lenders’ instructions.

• In our report dated 8th February 2009, we revealed the foregoing information for the first time, in the face of the intransigent intention of the American Treasury to continue with the Ponzi-model Fraudulent Finance operations to which it and its associates, especially the relevant hedge fund operatives, have become accustomed.

The Treasury’s approach is wrong-headed and perverse, not least because it will simply pile debt upon bad debt upon very bad debt, while purveying for public consumption a FALSE PROSPECTUS based upon the lie that worthless derivatives ‘Structured Product’ ‘assets’ have value, which is not the case. In other words, the US Treasury’s sterile proposals on behalf of the hedge funds, ‘private equity’ ‘players’ and banks ‘working for’ George Bush Sr., which were dead in the water on delivery anyway, would falsely represent that trash ‘assets’ contain value, a gross deception and fraud.

• In our report dated 8th February, we further recommended that the G-7-Approved Refunding Programme outlined above should proceed anyway, as has been specifically instructed ‘per the request/affidavit dated 29th December 2008’, but through London rather than New York.

• By definition, the GOOD, TRANSPARENT, TAXED REVENUE dollars accruing from the approved Capital Markets transactions under the G-7-Approved $ Refunding Programme will very definitely displace the BAD MONEY FALSELY GENERATED by the complex, Fraudulent Finance Ponzi-model operations that the US Treasury seeks to perpetuate, for the reasons explained below.

WHY THE SOLUTION IS BEING BLOCKED, AND WHO IS BLOCKING IT
Bear in mind that the G-7-Approved Refunding Plan is, as we constantly reiterate, APPROVED by the Group of Seven Financial Powers, which are fighting for their economic survival in the face of the recalcitrance of the American criminal financiers who are holding the whole world to ransom.

As noted above, the SOLUTION has been on the global table for several years and if it had been implemented in 2006/2007, instead of being hijacked by the corrupt Paulson Treasury so that funds could be stolen and the later LOAN monies belonging to the lender(s) abused and exploited, the whole world would not now be experiencing the ‘train wreck’ that we predicted on this website on 2nd September 2006, in December 2006, and in reports published here and in our journal in June and July 2007. We predicted the ‘train wreck’ accurately because we saw then that the corrupt US Treasury had no intention of implementing the G-7-Approved Refunding Programme and that the constant barrage of ‘we’ll pay you tomorrow’ rhetoric, with its innumerable variants, represented a cynical CIA counterintelligence propaganda offensive designed to enable the organised criminal cadres inside the US official structures and their allies to continue trading derivatives, to sustain the bubble of Fraudulent Finance, and to keep the army of outraged protesters at bay indefinitely.

Quite simply, the cloth-ears at the US Treasury preferred to continue down their yellow brick road, enriching themselves and their co-conspirators in the process, under the protection of the corrupt Chicago component of the FBI and the Bush-Clinton organised crime operations – to the general satisfaction of the expanded domestic and international élite that has been so corrupted by this Fraudulent Finance ever since George H. W. Bush Sr., stole the money from Continental Illinois Trust Company in the 1980s.

FRIGHTENED HEDGE FUND OPERATIVES MEET AT GOLDMAN SACHS
Immediately following the damp-squib Geithner presentation of the US Treasury’s immediately discredited plan for open-ended Ponzi-style finance stretching out to the end of the solar system, about 20 alarmed US hedge and ‘private equity’ Ponzi-money fund operatives, meeting under the auspices of the so-called ‘Goldman Sachs Roundtable’, gathered in emergency session to thrash out their concerns that, from their perspective, things were now falling apart, since Mr Geithner’s proposals, on which some had pinned their hopes, had gone down like a wayward lead balloon. Those attending included representatives of KKR, Fortress Investment Group [FIG], Bain Capital, Perry Capital, Capital Research, Putnam, and Citadel.

People who attended told CNBC that they received an urgent invitation to go to the meeting after Geithner’s speech. Goldman Sachs, which initially denied that the meeting ever took place, later reversed its position and confirmed that the meeting, hosted by John Winkelreid and Gary Cohn, was planned well in advance. How’s that for standing on your head without anyone noticing? Some of those who attended said that they decided to attend because of the Geithner speech. According to the CNBC report, aired by Charlie Gasparino [www.cnbc.com/id/29163525]:

‘What the group concluded was that the longer the ‘plan’ takes to produce, the more difficult the situation becomes. That’s because reviving the securitization market is the key toward reviving the economy and it’s a vicious circle [sic]. The longer it takes to revive securitization, the worse the economy becomes and the securitized products held by the banks lose more value’.

The foregoing CNBC statement contains egregious falsehoods that are self-evident but which nevertheless need to be spelt out given that CNBC also appears to be inhabited by cloth-eared economic ignoramuses:

• Revival of the real economy does NOT depend upon so-called revival of the ‘securitisation market’ consisting of worthless assets. First, there can be no such ‘revival’ now that the absolute worthlessness of the ‘securitised assets’ has been exposed, taken on board across the world, and ridiculed by traders in the Chicago pits – as well as by institutional investors and others who have had their corporate and fingers burned in the financial holocaust that has already taken place.

Further, as previously reported, the regional Federal Reserve Banks do not agree with the corrupt Federal Reserve Board under Dr Ben Bernanke and his Ponzi scheme predecessor, the frequently-braceleted Dr Alan Greenspan [see below], and the Federal Reserve Bank of New York (FRBNY), that derivatives assets have any value. They have been exposed as trash, and that’s that.

• The ‘justification’ for derivatives transactions is the false argument that securitisation ‘spreads risk’. This only happens, however, in the sense that the Mortgage banks receive double or treble payments per mortgage (even quadruple payments in certain circumstances). The later remittances are discounted, but they all add up. But the purchasers of the securitised ‘Structured Products’ by definition acquire extreme risk for their money, because no party beyond the Mortgage bank has recourse to the only source of ‘real money’, which is the income stream from the borrower.

• The US economy is not ‘becoming worse’ BECAUSE ‘securitisation cannot be revived’, but rather because the sole SOLUTION to refinancing the banks, the US dollar and the world trading system has been and continues to be BLOCKED by the parties identified in this segment, including the foregoing attendees as the so-called Goldman Sachs Roundtable.

• The ‘securitised assets’ held by the banks cannot lose ‘more’ value, as they have already lost 100% of their value and it is impossible, therefore, for these non-assets to be devalued any further. As indicated below, Swiss Re, the second largest reinsurer in the world, has just scrapped its own investment bank and in the process has written down its derivatives ‘assets’ to their correct value:

• ZERO.

The CNBC pronouncement illustrates a stratum of gross ignorance and fatuous stupidity on the part of the CNBC correspondent, equalled only by the attitude of a BBC economics correspondent who belaboured the false point on 11th February that ‘no banker, no financial journalist, nobody if they cross their heart, could say that they foresaw this’.

Not if they weren’t reading the reports on this website, right.

And by the way, this standard technique, favoured by those who cannot see ahead, of tarring all analysts with the brush of their own blindness, ignorance and forecasting ineptitude, while familiar to this Editor who has observed this all his forecasting life, is a low trick routinely played by the blind leading the blind. Because they have fallen in the ditch, they assume that no-one could have led them away from it. It makes the mess they’re in less uncomfortable.

COALITION OF PARTIES BLOCKING THE REFUNDING
Who, then, is BLOCKING the Group of Seven-Approved Refunding Programme?

Answer: the following sinister coalition:

• The primary source of opposition to the G-7-Approved Refunding programme is the Intelligence Power, a.k.a. the Central Intelligence Agency and its extensions [see below], which finances its operations with all the funny money that the Ponzi schemes that it developed specifically for that purpose, generate. The Intelligence Power in the United States controls the Government, not the other way round. As we have frequently stated, the Intelligence Power is in control, out of control and needs to be brought under control.

It is significant that no matter how many times we have reiterated this glaringly obvious truth, not a single individual with whom we remain in contact, including of course those with a CIA background, has EVER picked this point up and given it the slightest support. The reason for this may be that all these people, without exception, are perfectly content with the status quo, which is as follows:

Given its FINANCIAL INDEPENDENCE FROM CONGRESS, the Intelligence Power has USURPED THE EXECUTIVE BRANCH of the Federal Government. The CIA is supposed to be the clandestine arm of the White House, instead of which, with the National Security Council (NSC), it CONTROLS the White House, and ensures that its own personnel or agents are always positioned in the most sensitive nodes of the structures, including the top slots.

• This is not democracy: it is corrupt, anti-democratic, abusive rule by a ‘State within the State’.

This overpowerful and ruthlessly amoral American ‘State within the State’ is financed by means of the Fraudulent Finance operations exposed in these reports. The ‘State within the State’, this controlling Intelligence Power, is unwilling to give up its hegemony over the Executive Branch (as well as de facto the other branches of the Federal Government). It is therefore purposefully and short-sightedly resisting and BLOCKING the implementation of the SOLUTION outlined above.

• Moreover the Intelligence Power is indifferent to the consequent suffering of the American people and the Rest of the World. It is concerned exclusively with the threatened retention of its control hegemony. It imagines that if it just continues this obnoxious resistance, it will ‘win out’ in the end. That is a false presumption.

• On the contrary, the longer the Intelligence Power BLOCKS the SOLUTION, the greater will be the consequent damage and the greater the likelihood that, with the disintegration of the nation, and the entire world economy as a direct outcome of its obtuse behaviour, the arrogant, ruthless and opinionated US Intelligence Power will be destroyed as well.

• But not all CIA/DIA operatives are as completely blind and stupid as painted above (it is possible to be very clever and smart, and stupid and blind at the same time). Some CIA operatives know perfectly well that things must change. They should assert themselves now, for the sake of the Republic and, as The Queen put it succinctly in 2007, ‘for the sake of the whole of humanity’ – although we hold out very little hope of any such development.

• Finally, the CIA is absolutely PETRIFIED of the G-7-Approved Refunding Programme, because it is recognised in ‘circles that matter’ that in fact it MUST be implemented, cannot be side-stepped, and will indeed prevail. But its own personnel place their own wretched interests and that of the amoral Intelligence Power first. These people will have to undergo psychological re-orientation training come the Revolution, if they don’t change their stupid attitude before it’s too late.

Beyond this central factor, the coalition of operatives opposing the G-7-Approved Refunding Programme include the following:

• The US Treasury, under Geithner as under Paulson, which defers to the controlling Intelligence Power that controls the White House (although for public consumption purposes the US Treasury defers to the White House). As is the case within the CIA, not everyone inside the US Treasury is corrupt: on the contrary, it has been the case since these exposures developed, that one or more Treasury Compliance Officers have been threatened with jail sentences under the Patriot Acts for actually doing their jobs properly and resisting the corruption mandated under Henry M. Paulson.

• The Federal Reserve Bank of New York under Mr Geithner before he was translated to the US Treasury. As confirmed by the recent arrests, announced on this website, of Robert Armenta, the senior Federal Reserve Compliance Officer (who was offered a choice between 25 years in jail if he cooperated and 99 years if he chose not to divulge the names of those involved in these scams), and Christopher J. McCurdy, a senior Vice President who was arrested after he had destroyed the crucial banking codes associated with the Settlements, the New York Fed is a nest of corruption. Under Geithner it presided over frauds exposed in our reports, and it is at loggerheads with the regional Federal Reserve Banks who are unanimous, as we have previously reported, that the derivatives ‘assets’ are worthless. The FRBNY works closely with:

• The corrupt Federal Reserve Board under Dr Ben Bernanke, who has continued and elaborated upon the Fraudulent Finance operations exploiting the closed Federal Inter Bank Settlement Fund developed under his corrupt, often-arrested predecessor, Dr Alan Greenspan – the inventor of the ‘never-pay syndrome’ which, with the benefit of hindsight and closer understanding nowadays of the universality of the Ponzi model, was actually a symptom of universal Ponziness.

This ‘never-pay syndrome’, supported by that noisy barrage of duplicitous disinformation promising payment tomorrow, painting false descriptions of arrangements having been made for Trustees to be called into banks and banking codes having been altered, and so forth, elaborated by reports of banks not co-operating, answerbacks not arriving, and any other variation on the theme of why the payments were being blocked that they could think up overnight, turns out actually to have been nothing less than an integral component of Ponzi scheme methodology.

Ponzi scheme methodology operates on the principle that new money has to be found to pay off earlier investors or to pay them handsome returns with no questions asked, until the pyramid selling scheme collapses, when ALL THE MONEY IS STOLEN.

Further members of the coalition resisting the G-7-Approved Refunding Programme also include:

• The hedge fund and ‘private equity’ parties including those who attended the ‘Goldman Sachs Roundtable’ meeting, who are desperately trying to find a way to ‘fix the prices of the securitized bonds’ as Ken Griffen, the founder of Citadel, told CNBC after that meeting – despite the fact that trash ‘assets’ have no value so that any price-fixing would be fraudulent and therefore open to endless litigation in the courts.

• The corrupted banks which continue to promote and develop derivatives trading ‘opportunities’ and scams, as though there had been no discontinuity.

• FACT: Without derivative ‘Structured Products’ trading, there is no way these criminal enterprise banks, scamming hedge fund operatives and so-called ‘private equity’ Ponzi-groups can ever hope to recoup the monies for George Bush Sr. and which they themselves have lost on own account. They cannot believe ‘this has happened to them’, but it has.

• They cannot accept that there has been a decisive discontinuity, but there has.

• The Clintons, the Bush Crime Family and their compromised associates, including the former French President Chirac, and M. Levitte, the former French Ambassador to Washington, who is now President Sarkozy’s closest adviser, and a host of others including the US operatives Jan Morton Heger, Leo Wanta, George Reig, Captain Morris (ONI), Tom Heneghan (see below), and a group of bankers and leading derivatives traders who operate in the shadows and have in the past been so ‘powerful’ that the Treasury would even call upon them for ‘assistance’.

ANATOMY OF MBS-CDO-CDS FRAUDULENT FINANCE OPERATIONS
In our report dated 8th February 2009, we reported that the NSA had interfered with our production computer and had stolen three pages from our imminent analysis by Michael C. Cottrell, B.A., M.S., under the generic heading ‘The Legalisation of Financial Corruption’ in which we analyse in detail the precise steps of the Ponzi finance operations – and in which we demonstrate both that the derivatives have no value, and also that this ‘mystery’ is encased in a fog of jargon so dense that outsiders (such as the CNBC correspondent) never get to to understand what is going on.

The segment stolen from our production computer also contained the chart in which we show that the Paulson TARP operation represented a fraud designed to inject fictitious, fabricated value into worthless ‘Structured Products’ using taxpayers’ money so as to enable the speculators to ‘start over’ – with the top ‘insiders’ such as George Bush Sr., Carlyle and Carlyle Capital and James A. Baker III especially benefiting from the Government bailout operation.

Before we go any further, we need to repeat the sections that were stolen from our production and the introduction, in order to place this back into context:

NSA STEALS ICR TEXT PROVING TARP WAS A SCAM TO REFUND CARLYLE, BUSH ET AL.
On 5th February, the Editor was working with his colleague to finalise pages for the next issue of International Currency Review. This contains an analysis by Michael C. Cottrell, B.A., M.S., with 3 diagrams, entitled ‘THE LEGALISATION OF FINANCIAL CORRUPTION’, that carefully demonstrates and proves that the Paulson Treasury’s TARP operation represented a colossal Ponzi-style fraud designed to refund Carlyle, Carlyle Capital and corrupt ‘insiders’ starting with George H. W. Bush Sr., James A. Baker III and other highest-level US financiers of terrorism.

All of a sudden, our screen became completely unstable under the impact of electrical pulses which can only have been directed externally. There were two attacks: on the first occasion, the relevant pages were retrieved without loss. About 20 minutes later, however, a further pulse attack resulted in the ‘loss’ of the concluding pages, associated with the final diagram which shows:

(a) How the Henry M. Paulson Treasury had concocted a devious false prospectus programme to inject false value into fraudulent and worthless derivative ‘Structured Products’ and:

(b) How this process, thanks to the fact that the Treasury now controlled the FNMA (‘Fannie Mae’) and FHLMC (‘Freddie Mac’) directly, would ensure that the Government bailout money agreed by Congress would refund Carlyle, Carlyle Capital, Bush Sr., James Banker II et al., as stated above.

We therefore publish immediately below the precise text that was stolen by the NSA in the course of this second ‘pulse attack’. We were of course able to restore the stolen text, plus the concluding chart showing the scam in graphic form, almost immediately, so nothing was achieved except that the forces concerned obtained a copy of the language we are using.

They therefore knew that we were about to expose the TARP Ponzi scam, although they would have known that anyway since they listen in to all our telephone conversations.

• Reference is made in the text below, to the diagrams, which are not shown here (because this platform does not currently support illustrations).

• But it is necessary to include these diagram references in order to reveal why NSA stole this text by directing electrical pulses at our production computer. This is the text they stole:

HOW THE LEGISLATION ASSISTED THE FINANCIAL FRAUDSTERS:
THE PAULSON TREASURY’S TARP $700 BILLION PLATFORM SCAM
Figure 3 opposite illustrates the process of taking the private mortgage, commercial mortgage, credit card loans, and/or any other fungible debt, and via the underwriting group or underwriting trust pool, and turning that debt into a securitised ‘Structured Product’ to be pooled and sold into the global institutional market place.

The boxes indicating ‘Pool A-1’ etc. represent the securitised pools of mortgages and other ‘assets’, and the various tranches of these ‘Structured Products’.

These tranches and/or pools are then sold on to the banks, investment banks, and ‘financial products’ companies for re-sale and/or re-packaging and then re-sale to international banks, investment banks, and corporations.

US Treasury Secretary Paulson’s TARP plan to obtain unlimited authority over the $700 billion was premised on the basis that via a reverse auction, the ‘Structured Products’/derivatives could be purchased by the Treasury TARP group and re-packaged, via the new FNMA and FREDDIE MAC, and then re-sold at a profit.

BASED ON THE FALSE PRESUMPTION THAT THE ‘ASSETS’ HAVE VALUE
This operation assumed that the illiquid derivatives have a specific value or a market value.

Such an assumption is definitely false, since there is NO actual and specific asset that is directly attached to the ‘Structured Product’ – given the obvious fact that the asset was split from the locally filed UCC-1 that defines who is the mortgagee and mortgagor, and who has legal claim to the asset once the mortgage or debt is paid in full.

IN OTHER WORDS, holders of these fake, fraudulent exotic ‘assets’ have no recourse to the original underlying source(s) of ‘real money’ funds.

This separation of the asset and the legal authority to claim the asset occurred during the financial securitisation process of pooling, re-pooling, and re-packaging – supposedly (for gullible public consumption) to spread the risk of default to as many holders as possible – thus furthering the development of the Credit Default Swap derivatives market.

The typical CMO (‘Structured Product’) has ‘A’, ‘B’, ‘C’, and ‘Z’ tranches, representing fast pay, medium pay, and slow pay bonds plus a tranche that bears no coupon but receives cashflow from the collateral remaining after all the other tranches are satisfied. More sophisticated CMOs have multiple ‘Z’ tranches and a ‘Y’ tranche incorporating a sinking funds schedule. [This passage in the printed version references the earlier discussion, not reproduced here].

Figure 3 illustrates a non-public TARP program, prior to the appointment of Mr. Kashkari, et al. and the Congressional Oversight Panel restrictions.

Under the guise of a government ‘bailout’ theme and marketed to Congress and the US general public as being for the purpose of buying the illiquid asset-backed securities, Treasury Secretary Paulson intended to operate TARP as a Trading Platform – that is to say, as an International Hedge Fund benefiting from US Government Guarantees – from within Treasury (behaviour which has hitherto been completely illegal) to purchase, at a higher price than necessary, the CDO, CDS, MBS etc. derivatives from the very entities and banks that have themselves directly contributed to the mass-production and sale of these toxic illiquid ‘Structured Products’. The purpose of this Trading Platform was/is therefore to use public funds to quantify the value of the toxic products, and to overpay the holders, i.e.: the likes of leading Fraudulent Ponzi-Finance specialists such as: AIG, CITIBANK, GOLDMAN SACHS, CARLYLE CAPITAL, CARLYLE GROUP, and others.

BECAUSE, once the ‘Structured Products’ had been valued, via reverse auction, and purchased, Paulson and his friends would then be able to re-pool and re-package the relevant derivatives via FNMA and FHLMC for re-sale into the demonstrably gullible marketplace, where the phrase ‘due diligence’ appears to be foreign to many operators in the market – thereby repeating the process for as long as possible. Profits from this Trading Platform could then be transferred to an unknown Master Custodial Account set up within the huge external international monetary system – such as a receptacle set up for this purpose by President George W. Bush Jr. in Benin, West Africa – without the knowledge of, or any accountability to, the US Taxpayer, the US tax authorities, or anyone else.

CONCLUSION
Thus, PUBLIC funds were to be used yet again to generate PRIVATE accruals, while a massive fraud would be concealed under cover of the necessity of ‘managing’ the illiquidity of the avalanche of toxic ‘Structured Products’ and regaining credit flow within the international banking system. See the flow charts: Figures 1-3 herewith. ENDS.

[Note: This text will appear on pages 32-34 of International Currency Review, Volume 34, #2].

THE DIAGRAMS TO BE PUBLISHED WITH OUR PAPER
As indicated above, the exposure of the ‘Structured Products’ frauds in the forthcoming issue of International Currency review is accompanied by three charts [Figures 1-3]. Each chart carries a very bold notice stating:

‘THERE IS NO RECOURSE TO UNDERLYING CASH FLOW AFTER ‘A’’, where ‘A’ represents here the Mortgage issuing banks which are in receipt of cashflow from the mortgagor (the party taking out the mortgage)

• Description of Figure 1 [Page 25]: MBS-CDO-CDS SCAM FLOWCHART:
The Fraudulent Finance Non-recourse Carousel:
STEPS SHOWN ON THE CHART:

(1) The borrower makes payments to the Mortgage issuing banks.

(2) The crucial Universal Commercial Code [UCC – 1] document is lodged with the local Courthouse Land/Deed Recorder [Land Registry in England]. The Mortgage banks retain control/custody of the UCC-1 document which does not ‘travel’ with the subsequent transactions. T

he Mortgage banks have the continuing benefit (excluding defaults) of the real money cash flow from the borrower/mortgagor.

• The Mortgage banks obtain new money by on-selling the mortgage to investment bank pools or the FNMA or FHLMC [see (3) immediately below]. They have now been paid twice (although they sell the mortgage on at a discount. When they do so, an egregious deception occurs.

Because the Mortgage banks retain control of the crucial underlying document, the UCC-1, and/or the Land/Deed papers, they are actually selling NOTHING at all, UNLESS they are actually engaged in committing ‘visible’ fraud by on-selling ANOTHER TOP COPY OF THE UCC-1 or else the Land/Deed papers. The fraud here may be achieved by the borrower being required, in many instances, to sign THREE TOP COPIES of the relevant documents, without the TRUE reason for this fake ‘requirement’ being spelled out (‘FRAUDULENT CONCEALMENT’). Whether this occurs or not, the following legal hazards arise in this context:

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

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

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

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

• To suspend running of limitations, it means the employment of artifice, planned to prevent inquiry or escape investigation and mislead or hinder acquirement of information disclosing a right of action, and acts relied on must be of an affirmative character and fraudulent…”.
Source: Black, Henry Campbell, M.A., ‘Black’s Law Dictionary’, Revised 4th Edition, St Paul: West Publishing Company, 1968, s.v. ‘Fraudulent Concealment’.

FRAUDULENT CONVEYANCE:
• “FRAUDULENT CONVEYANCE… A conveyance or transfer of property, the object of which is to defraud a creditor, or hinder or delay him, or to put such property beyond his reach…”.
l “Conveyance made with intent to avoid some duty or debt due by or incumbent on person (entity) making transfer…”.
Source: Black, Henry Campbell, M.A., ‘Black’s Law Dictionary’, Revised 4th Ed

(3) The Mortgage banks sell mortgages either into Investment Bank Pools or into Trust Pools of the Federal National Mortgage Association [FNMA, ‘Fannie Mae’] or the Federal Home Loan Mortgage Corporation [FHLMC, ‘Freddie Mac’] which, since 8th September 2008, lost their Government-Sponsored Enterprise (GSE) status after being taken over wholesale by the Treasury.

• The Mortgage banks are also basically ‘indifferent’ (in a ‘normal’ market environment unlike the prevailing situation) as to whether the borrower ultimately defaults or not. If the borrower defaults, the Mortgage bank is now in the real estate business and acquires the property which it then sells (third payment). On top of this, since the Mortgage bank has retained full control over the UCC-1 document, which does not ‘travel up the derivatives chain, it is in a position to on-sell a ‘derived’ mortgage on the basis of that document, generating thereby a FOURTH payment (from the same mortgage), and at the same time ‘starting over’.

(4) The Investment Bank Pools operate an Underwriting Group and a Buying/Selling Syndicate, and undertake ‘securitisation’, packaging or re-packaging of pooled (or collectivised) securities. The FNMA and FHLMC Trust Pools operate an underwriting Trust Pool, a Buying/Selling Syndicate and create ‘Securitisation Pools’ and develop[ Mortgage-Backed Security packaging and Pass-Through Securities – pools of fixed-income securities that are backed by a package of assets. A servicing intermediary collects monthly payments from issuers and, after deducting a fee, remits or passes them through to the holders of the Pass-Through Security.

This device is also known as a ‘Pass-Through Certificate’ or a ‘Pay-Through Security’. The most common type of pass-through is a Mortgage-Backed Certificate, whereby ‘homeowners’’ payments pass from the original lending bank through a Government agency or investment institution to the investors. This is the ONLY exception to the general rule that there is NO RECOURSE to underlying real cash flow after the borrowers’ payments into the Mortgage banks themselves.

(5) The chart shows ten representative US domestic pools which sell the repackaged securities or ‘Structured Products’ to Goldman Sachs, A.I.G., Lehman [defunct], Morgan Stanley, Citibank, JPMorgan Chase, Wachovia, with some pools selling direct to General Electric or foreign banks, such as Coutts. At the lower right corner of the chart is the rubric: ‘From the U.S. institutions the scam is taken international…’.

This references the fact that, for instance, Goldman Sachs will sell the repackaged ‘Structured Products’, however marketed, for instance, to Deutsche Bank, Barclays and the Bank of England, while Lehman [defunct] sells to Natwest, as does Morgan Stanley. Meanwhile the ‘Structured Products’ or securitised pooled ‘assets’ have long since been DECOUPLED FROM the original underlying cash flow of the mortgager borrower(s), so that the only ‘value’ attached to the packages is derived from the NAMES of the institutions marketing them.

As a disillusioned former Goldman Sachs officer informed the Editor recently, the derivatives ‘are worth what someone is prepared to pay for them’.

Now that they have been exposed as intrinsically worthless, the only parties who will pay anything for them are those compartmentalised zombies who have not yet understood that there has been a fundamental discontinuity which cannot be ‘made good’ or denied.

Figure 2 [Page 27] provides a close-up of the right-hand side of Figure 1, showing how a single loan triggering one solitary cash flow of mortgage payments is typically leveraged and intermingled with other such cashflows into exotic ‘derivatives’ known as ‘Structured Products’ via pools which are sold on to investment banks before being marketed internationally, where the US securities legislation (the 1933 and 1934 Securities Acts) does not apply.

Figure 3 [page 33] follows the funds paid to the US investment banks for the on-sold ‘Structured Products’ by the foreign institutions (Deutsche Bank, Barclays Bank, Bank of England, Natwest and Coutts, in the illustrations) and by General Motors, Ford Motor Company and General Electric (as illustrated), which invest them with Carlyle, Carlyle Capital and other ‘top’ hedge funds and ‘private equity’ entities such as those whose representatives attended the ‘Goldman Sachs Roundtable’ meeting on 10th February and benefiting insiders such as George Bush Sr. and James A. Baker III*.

A placard on Figure 3 reads: ‘PURPOSE OF TARP OP: TO INJECT VALUE INTO WORTHLESS ‘STRUCTURED PRODUCTS’, AND THEN ‘START OVER’’.

Meanwhile, since ‘Fannie Mae’ and ‘Freddie Mac’ are now controlled directly by the Federal Government (the Treasury), they re-pool and repackage ‘fresh’ ‘Mortgage-Backed Securities’ (‘Structured Products’), enabling the process to begin again. The chart proclaims at this point;

• START OVER: and the selling into the market ‘starts over’.

So Carlyle, Carlyle Capital and the other hedge funds and ‘private equity’ entities repurchase the newly created Mortgage-Backed Securities (MBSs), CDOs (Collateralised Debt Obligations) and CDSs (Credit Default Swaps) from the market for purchase by the US Treasury under the TARP scheme using (in the case illustrated) the Paulson TARP bailout money for the purpose.

This procedure reliquefies Carlyle, Carlyle Capital and the other hedge funds and ‘private equity’ entities by generating a flow of cash from the Treasury into their accounts.

An explanatory box labelled ‘How the TARP scam to refund worthless toxic ‘Structured Products’ to benefit the above* was supposed to operate. It all went horribly wrong’, positioned at the lower right-hand corner of Figure 3 explains further:

• STEP ONE: Assign [False – Ed.] value to Mortgage-Backed Securities, Collateralised Debt Obligations and Credit Default Swaps and other derivative ‘assets’.

• STEP TWO: Purchase funds: First to Carlyle et al.

• STEP THREE: Carlyle et al.: Repurchase derivatives from the market and onsell them to Treasury under the TARP program.

Postscript: The TARP scheme is thus SPECIFICALLY shown, with the assistance of these diagrams which will appear on pages 25, 27 and 33 of International Currency Review Volume 34, #2, to have represented an operation concocted by the corrupt Paulson Treasury, to refinance and revalue the worthless derivatives trash ‘assets” and to refinance Carlyle, Carlyle Capital etc. – whereas it was fraudulently marketed to Congress and to the American population as a bank bail-out programme which was also intended to alleviate the mortgage ‘crisis’. It represented, therefore, a fraud on the United States Government, the American people and the whole world.

The new version of TARP under President Obama, marketed as an economic stimulus bill, has the same primary objective as the TARP scheme. It is NOTHING to do with resolving the crisis and, like Geithner’s incoherent and immediately discredited proposals, will be seen to represent another fraud – probably a fraud too far.

Significantly, the Chinese authorities were reported on Friday 13th February to have informed Mrs Hillary Clinton, whose own involvement in criminal financial operations they of course know all about, that if the United States is to receive further Chinese investments in US Treasury securities, the US Government will need to guarantee all preceding Chinese investments in US dollar assets. In other words, the Treasury must provide and insurance wrap or guarantee for Chinese investors, including the Chinese Government.

• Translated into the vernacular, this riposte represents a Chinese official black eye or raspberry for Mrs Clinton and the Geithner Treasury; or to be more precise, the Chinese have told the US Secretary of State, who removed $500 million from Bank Crozier in Grenada, to GET LOST.

FAT CAT BRITISH BANKERS SO SORRY THEY LOST THEIR OWN MONEY
If after killing ten people while driving under the influence of alcohol you say to the policeman who is arresting you ‘I’m ssh-sho shorry, offisher, I couldn’t sh-shee where I wash going’, the fact that you have apologised to the policeman will not prevent you being arrested and cuffed, hauled off to a police cell, breathalysed, dragged into court, remanded in custody, put on trial and sentenced for grievous bodily harm and manslaughter, after losing your driving license.

However if you are a British banker and a big mason as well, and you have spent two decades presiding over banking fraud in which your institution has enthusiastically participated, you are liable to imagine that you can apologise’ profusely in order to avoid the consequences of your criminal behaviour – while spattering your fake apologies with gratuitous references to the fact that you personally have lost millions and are much poorer as a consequence of the fact that your bank frauds have been found out. Further, when analysed, your apologies are discovered not to represent personal apologies at all, but merely ‘regret’ at the ‘turn of events’.

That these creatures live in a cocooned world of legitimised corruption was confirmed when, as the Financial Times reported on its front page [11th February 2009], four previously ‘top’ British ‘Fat Cat’ bankers made the following arrogant statements to Members of Parliament:

• Lord Stevenson, Former chairman of HBOS: ‘We are profoundly, and I think I would say unreservedly, sorry at the turn of events… All of us [Fat Cats] have lost a great deal of money’.

Translation: We are not sorry for our participation in the Ponzi frauds. What we are sorry about is that our Fraudulent Finance operations came unstuck, as a consequence of which we personally have lost a huge amount of money. It’s a shame because we were all doing so well before the discontinuity, weren’t we.’.

• Andy Hornby, former Chief Executive of HBOS: ‘I don’t feel I am particularly personally culpable … I have lost considerably more money in my shares than I have been paid’.

Translation: ‘All I care about is that I have personally lost money. I couldn’t care less that as a direct consequence of my own participation in the Fraudulent Finance derivatives scams, I have brought the whole world to the edge of ruination’.

• Sir Tom McKillop, former chairman of Royal Bank of Scotland: ‘We bought ABN Amro at the top of the market. So anything we paid was an error. Everything we paid, basically, has not been worth it. In fact, we are sorry we bought ABN’.

Translation: ‘I’ll fob them off with this bromide so that they don’t get round to asking me why on earth we bought ABN Amro, because if they were to ask me that, I would have to reveal that we bought ABN Amro in order to obtain control of a vast portfolio of secret accounts containing stashed accruals generated through Fraudulent Finance operations that we were lusting after’.

• Sir Fred Goodwin, former Chief Executive of Royal Bank of Scotland: ‘I could not be more sorry for what has happened. But I’ve invested a lot in RBS… it’s of great distress for me to see what particularly my colleagues are going through’.

Translation: ‘However I am not going to mention that I presided over the construction of a huge campus for my bloated institution using the proceeds of dubious Fraudulent Finance transactions, and neither shall I be making any reference whosoever, if I can get away with it, to the fact that we plastered Caribbean airports with garish posters encouraging investors including by definition agents handling the proceeds of CIA-developed drug-trafficking operations, to park the funds they control with Royal Bank of Scotland’.

BARCLAYS BANK’S FALSE BALANCE SHEET
Luckily for the Show Trial bankers on display, none of the MPs on the investigating Committee asked the key question: what was the source of the funds you were playing with?

Likewise, when the institution regarded by experts as even more corrupt than Royal Bank of Scotland, Barclays Bank, suddenly announced on 9th February that it had expanded its balance sheet over the preceding 12 months by £900 billion, so that Barclays’ assets and liabilities both mushroomed to more than £2.0 trillion, NO-ONE in the media bothered to ask Barclays about its source of funds. The Gross Domestic Product (GDP) of the United Kingdom is about £1.4 trillion.

The ‘source of funds’ issue was passed off on the basis that the bank had acquired hundreds of billions of dollars of derivative positions alongside the bank’s acquisition in September of the North American ‘assets’ of Lehman Brothers.

Obviously, if Barclays Bank were to fail – dismissed as an ‘unlikely event’ on the 10th February 2009 by The Times’ Banking and Finance Editor, Patrick Hosking – the size of Barclays’ balance sheet would have serious repercussions for British taxpayers and would destroy the creditworthiness of the British Government. But is it really ‘unlikely’ that Barclays Bank, stuffed with worthless assets that it values fraudulently at full fake value, might fail?

ON FRIDAY 13TH FEBRUARY, LLOYDS TSB’S SHARE PRICE COLLAPSED BY 35%. In the evolved context, there is no such thing any more as a bank that’s TBTF (‘Too Big To Fail’) because, on the basis of fraudulent valuation, such prospectively failing institutions now have balance sheets that exceed the total value of the host country’s Gross Domestic Product by an order of magnitude.

It’s stupid to suggest that such failures are ‘unlikely’ when the glaring reality is that as a direct consequence of their decades of playing Ponzi, these banks are all technically bankrupt.

Barclays Bank is a puff fish: its balance sheet was puffed up by $900 billion of fake ‘assets’ that have no value [see below] which the bank says have value and which its accountants corruptly certify as having value. The auditors for Barclays Bank had better be well protected by adequate insurance against being sued by an army of scammed depositors and others when it transpires that this institution is in fact bankrupt and that the British authorities cannot possibly bail it out.

• The same now applies to Lloyds TSB.

WHY WE WERE TOLD TO ‘COOL IT’ ON CRITICISING BANKERS
Meanwhile, in our report dated 25th January 2009, you may recall that we ran some paragraphs under the heading ‘BRITISH MINISTER CALLS FOR CORRUPT BANKERS TO BE ARRESTED’.

Specifically, we referenced a front-page report in the Times of 24th January 2009, in which Lord Myners, the Brown Government’s Minister for the City of London, was reported to have demanded the arrest and indictment of British bankers engaged in Fraudulent Finance practices [see, for instance, above]. The newspaper had reported inter alia as follows:

‘A furious onslaught on banking’s “Masters of the Universe” has been unleashed by Mr Gordon Brown’s City Minister. Too many bankers fail to realise they are grossly over-rewarded and have no sense of society… Lord Myners says that the banks have been mismanaged, and [has delivered] the strongest attack [by UK officials] so far on those responsible’.

‘Lord Myners says that there will have to be fundamental changes in the way that banks operate and that ‘the golden days of huge bonuses in the investment banking arms are gone…’.

‘He calls on banking boards and shareholders to stamp on the reckless behaviour of bosses and adds’ – crucially, which is why we quoted this – ‘that if people have committed crimes, they should be prosecuted’’.

We then added the following elaboration:

‘In view of the fact that we have been reporting arrests of bankers until we are blue in the face (with more reported below), this outburst, late in the day as it is, represents evidence that the too-slow-to-come-to-its-senses UK official sector has at long last been shocked into the realisation that this is a CORRUPTION CRISIS first and foremost’.

‘ALL RESPONSES SHOULD BE BASED ON THIS PREMISE, rather than on the more palatable presumption that this is ‘simply’ a systemic global financial crisis of the utmost gravity’.

In our report dated 30th January 2009, under paragraphs headed ‘ATTEMPT TO GAG US FROM REPORTING UK FRAUDULENT FINANCE DEVELOPMENTS’, we stated:

‘… A few days ago, the Editor was asked: would we hold back on any further comment arising from Lord Myners’ belated observation, reported in the preceding analysis, that those engaged in the FRAUD in the banking sector in Britain should be prosecuted.

‘We were about to add that the Conservative Party leader, David Cameron, interviewed on Sky News on 26th January, elaborated:

‘We need to look at the behaviour of banks and bankers, and where such people have behaved inappropriately, that needs to be identified, and if anyone has behaved criminally, in my view, there is a rôle for the criminal law/ I don’t understand why in this country the regulatory authorities seem to be doing so little to investigate it, whereas in America, they are doing quite a lot’.

On 10th February 2009, The Times’ columnist Rachel Sylvester kindly unravelled the conundrum surrounding the question of why the Editor was suddenly asked to ‘hold it’ with reference to further elaboration of Lord Myners’ entirely correct warning that criminal bankers should be prosecuted. In her article entitled ‘Labour can’t control the pinstriped puppets’, she wrote:

‘Lord Mandelson, the Business Secretary, was less than pleased when Lord Myners, the City Minister, launched an onslaught against the “grossly over-rewarded” Masters of the Universe last month. “A key part of New Labour was to recognise the importance of wealth makers”, a certain Government aide says. “A big tactical error would be to unleash a lot of anti-banker rhetoric”’ (3).

Ah, so NOW we know we know why we were requested, via the MI-6-X-Y-Editor transatlantic loop, to ‘go easy’ on criticisms of bankers, and especially on suggestions that those British financial sector executives believed to have been engaged in criminal Fraudulent Finance should be prosecuted.

The source behind this request was none other than the intelligence operative Lord Mandelson himself. Lord Mandelson, it appears, is not at all keen that banking executives should be punished for their financial crimes: so he let it be known that the Editor should be informed accordingly.

A COUPLE OF PERTINENT ‘PERISH THE THOUGHTS!’
Whether this means that Mandelson reads our website, and whether it further implies that he is under pressure from a certain powerful a sponsor, is something that we won’t need to go into at this juncture: no doubt this aspect of the matter, like everything else, will ‘come out in the wash’. But for the time being, Heaven forbid that a British Minister of the Crown should be interfering in the legal process by becoming actively engaged in discouraging justified calls for these heads of criminal financial enterprises, past and present, to be prosecuted for fraud. Perish the thought!

It cannot possibly be the case, either, that when, as Chancellor of the Exchequer, Gordon Brown appointed Dr Alan Greenspan as an adviser, the frequently arrested Dr Greenspoon was actually employed to advise the then Chancellor on how to PREVENT the lid blowing off the London-based derivatives Ponzi scamming pressure cooker, on behalf of his mentor and fellow criminal finance Godfather, George H. W. Bush Sr., and his co-conspirator and partner in these giga-financial crimes Tony ‘Rollover’ Blair, can it? Perish that thought as well.

• A correspondent writes from the United States to inform us that his mother, who lives in Ruislip, Middlesex, bought an apartment outright (for cash) on a 125-year lease, with no mortgage.

But in March 2004, she obtained a short-term loan from Northern Rock which, as we know, was extensively engaged in Fraudulent Finance operations, with a Clinton-linked subsidiary operation out of Jersey, Channel Islands. When the lady paid off the loan, in less than three months, she then requested that the lease documents used for collateral purposes be returned to her from Northern Rock. The bank informed her that they could not locate the documents.

She wrote letters to Northern Rock, who responded that they would arrange for copies to be sent from the Land Registry. The lady said that she did not want copies, but the originals. Northern Rock stated that they did not hold the originals, even though they had taken the originals as collateral for the loan. The poor lady then complained to the Banking Ombudsman, who proved to be completely ineffective (suggesting that the UK Banking Ombudsman is there to protect the UK criminal banks involved in this activity, rather than the customer). In the end, the lady obtained two copies of the lease documents from the Land Registry (in December 2004 and March 2005).

The correspondent requested our help: and although we simply cannot take on ‘cases’ (since we receive several such distressing cases with a request that we investigate them every month from the United States), in this sole instance we responded that if we were provided with the relevant underlying correspondence, we will take the matter up with Northern Rock, with the suggestion that if the new Government-sponsored management of this institution persists with the stance that they cannot now retrieve this person’s original lease documents, we will then expose the nationalised Northern Rock as remaining complicit in these evil fraudulent finance operations under the British Government’s protection based upon the corrupt alienation of underlying property documentation. We now await receipt of the relevant correspondence.

SNAPSHOTS OF PONZI CRISIS FALLOUT IN BRITAIN AND EUROPE
Meanwhile the fallout from exposure of the Fraudulent Finance practices continues to reverberate across Europe. A snapshot of some developments on 11th to 13th February under this heading will illustrate that multilingual chickens are coming home to roost:

• City of London:
Half a dozen financial services businesses in the City were reported on 11th February to be under investigation by the Serious Fraud Office SFO), which is equipped with a new Director, Mr Richard Alderman, who has replaced previous management considered by the Editor of this service, from first-hand experience of the SFO’s failure to investigate manifest frauds committed by a European Commission-linked British firm, to have been duplicitous and compromised. Whistleblowers have reportedly drawn the SFO’s attention to the activities of colleagues and others; and the SFO’s own lawyers are said to be coordinating their inquiries with the Financial Services Authority and the City of London Police. The SFO is also using US-style ‘swat teams’ in City fraud investigations.

Additionally, it was revealed on 13th February (The Times, London) that Terry Freeman, né Sparks, a Director of GFX Capital Markets was detained by a specialist unit of the City of London Police at his Essex home on Monday 9th February 2009. A source was quoted as telling the newspaper that ‘the Police are looking to see if he was a mini-Madoff. There are elements of a Ponzi scheme but what they have to determine is whether the business became that after it got into trouble or else whether it was a Ponzi all along’.

• However OUR question is more to the point: Is this one of the ‘ten Madoffs’ waiting to blow in Europe, referenced in the preceding report?’

Freeman’s fund ceased trading in January 2009, leaving hundreds of clients who had invested between £5,000 and £500,000, chasing their money to no avail. Freeman-Sparks set up GFX in 2004.

Unsurprisingly, trouble started precisely in SEPTEMBER 2008 (the $14.0 trillion was, you will recall, placed into ‘lockdown’ on 12th September 2008: the Editor received the ‘triple gunshot voicemail’ on the following Saturday), when GFX’s clients were suddenly unable to obtain new statements and were prevented from withdrawing their funds. The postings on Mr Freeman’s ‘Trader’s Diary’ blog became erratic and many clients became anxious after finding they could not contact the principal.

The firm suspended its operations immediately ahead of the Madoff arrest, on 3rd December 2008.

A message written by a ‘concerned investor’ posted on Mr Freeman’s blog reads: ‘Terry is being investigated by the City of London police for fraud, money-laundering and unregulated trading. The offices in London are no longer manned’. Police confirm that Freeman has been interviewed with respect to allegations of money laundering and potential offences under the Financial Services and Markets Act, but has been released pending further enquiries.

• British Government:
A few days ago, the British press revealed that Sir James Crosby had resigned as Chairman of the Financial Services Authority which is supposed to be aggressively investigating City-wide Financial Ponzi-model fraud, after he was accused of having sacked a senior HBOS executive who had been warning of excessive risk-taking at HBOS and that the bank was shattering all the known rules of commercial banking behaviour and prudence. The sacked executive, in a memorandum to a House of Commons Committee, noted that his many conscientious warnings were sternly rebuffed, and that there was a sterile culture of ‘not rocking the boat’ and ‘don’t tell me what I don’t want to hear’ at the banking entity which has since been taken over by Lloyds TSB, in an unwise move which has severely weakened that institution and its reputation.

On 13th February it was further revealed in the British press that an American, Glen Moreno, the Director and Chairman of the newly established entity set up by the Brown Government called UK Financial Investments, which is supposed to preside over and supervise the progress of how the Government’s bank bail-out money is used, had resigned from his new post (which he only took up a few weeks earlier) amid allegations that a Liechtenstein institution with which he has links is (of course) involved in tax evasion operations.

The resignation followed Treasury questions in the House of Commons, during which the highly respected and skilled Conservative MP, Michael Fallon asked: ‘Can it really be right that the body looking after the taxpayers’ interest… should be chaired by Mr Moreno who appears to have been so heavily involved in tax dodging in Liechtenstein?’ It has transpired that Mr Glen Moreno was a trustee of Liechtenstein Global Trust (LGT), a private bank accused of facilitating large-scale tax avoidance. A former employee at LGT, Heinrich Kieber, revealed the existence of secret offshore accounts held by tax-evading US politicians and others in the United States and other countries.

• Belgium:
Shareholders in Fortis rejected a state rescue plan to carve up the banking and insurance group, defying Belgian Government warnings that Fortis will face total collapse. On 11th February, Belgian Ministers convened an emergency meeting to try to prevent the dispute bringing down yet another coalition Government, following the collapse in December of the Belgian Government led by Yves Laterme over the handling of the nationalisation of Fortis, Belgium’s largest single employer. More than 5,000 angry shareholders roared with delight as their votes blocked a plan to sell part of the Fortis Group to BNP Paribas, another huge institution which is up to its neck in Fraudulent Finance, with the Belgian state taking control of Fortis’s lending operations. Shareholders had won a court case to delay the Belgian Government’s blueprint for the carving-up of Fortis until they had been consulted. The Belgian Finance Minister, Didier Reynders, said that the entire enterprise would face bankruptcy if the shareholders blocked the deal. The total liabilities of Fortis are equivalent to four times Belgian Gross National Product. The interest rate spread between Belgian official debt and German Bunds soared by 125 basis points on fears that the Belgian Government may have to take over the liabilities of Fortis, further undermining the creditworthiness of the Belgian state. Again, these liabilities the false values attributed to the trash ‘assets’ on Fortis’ balance sheet.

• Ireland:
The latest banking scandal to break in Ireland concerns the discovery by Government-appointed investigators that Irish Life & Permanent had transferred more than six billion Euros billion £5.4 billion) of deposits to the books of the Anglo Irish Bank very shortly prior to the end of the bank’s financial year, only to withdraw the exact same amount some weeks later. Most of the funds were deposited on the final day of the bank’s most recent financial year. Moreover the bulk of all these deposits were placed just hours after the Irish Government had announced a guarantee to insure all deposits and debt liabilities held at Irish banks. The Finance Minister, Brian Lenihan, says that he was aware of certain unacceptable practices, including the transfer from Irish Life, when the decision was made to nationalise the bank.

Given these shady practices, the Office of the Director of Corporate Enforcement and the financial sector regulator have initiated investigations into these transactions, which may result in criminal proceedings: Lord Mandelson, please note. The Irish Defence Minister, Willie O’Dea, elaborated:
‘If it transpires that Anglo Irish, or any bank, was artificially building up its deposits to give a false picture of its financial health, that would be very, very, very serious’.

• European Commission:
A leaked memorandum prepared for the EU Finance Ministers (ECOFIN) was reported to have warned that the so-called ‘toxic’ debts of European banks risk overwhelming some of the weaker EU ‘Member States’ and ‘may’ [sic] present a systemic danger to the overall EU banking system. Countries which the authors of the document appeared to have in mind are those with bloated banking systems, namely: Ireland, Britain, Belgium, Netherlands, Austria, Sweden and a non-EU country, Switzerland. Some crucial passages from this document have surfaced, including:

‘Estimates of total expected asset writedowns suggest that the budgetary costs of asset relief could be very large both in absolute terms and relative to Gross Domestic Product’.

‘For some Member States, it may be the case that asset relief for banks is no longer an option, due to their existing budgetary constraints and/or the size of their banks’ balance sheets relative to GDP. The extent of any possible risks to the European Union’s banking system as a whole from an inadequate response in these Member States needs to be considered’.

EUROPEAN COMMISSION’S DELUSIONS ABOUT ‘ASSET RELIEF’
It will have been noted here that the European Commission is looking at ‘asset relief’ as though this is a viable policy – when what is actually implied here is that the false values of the fundamentally valueless derivatives ‘assets’ are supposed to represent actual liabilities which the governments in question might be called upon to honour.

This is a strategy of certain ruin in an environment that is also destroying the fabric of Economic and Monetary Union (EMU) and its add-on provisions. For instance, contrary to all EU norms, the Irish budget deficit is projected to reach 12% of GDP in 2010, with the equivalent measures in both Spain and the United Kingdom expected to reach 10% of Gross Domestic Product.

All three countries have been ‘enronised’ and used as ‘trading platforms’ by the Bush Sr.-Clinton Greenspan organised criminal Fraudulent Finance Ponzi derivatives offensive.

SWISS RE SCRAPS ITS DERIVATIVES OPERATION COMPLETELY
On 12th February 2009, the world’s largest reinsurer, Swiss Re, dispensed with the services of Jacques Aigrain, its Chief Executive, a former JPMorgan investment banker, who had shifted the organisation into risky derivatives operations. Swiss Re announced a record full-year trading loss of SwFr1.0 billion (£602 million) after announcing a week earlier that it was scrapping its investment bank altogether. That entity traded ‘Structured Products’ such as Credit Default Swaps (CDOs), triggering a writedown of SwFr6.0 billion (£3.6 billion) for the full year in question.

Swiss Re pointedly replaced M. Aigrain with Stefan Lippe, an insider, who previously headed the group’s property and casualty and life and health underwriting divisions. In other words, the entity placed a veteran professional reinsurer into the outgoing CEO’s slot, signalling that it would be reverting exclusively to its core business, and would have nothing more to do with derivatives.

Note that the dismissed CEO who took Swiss Re on a derivatives wild goose chase, came from JPMorgan. Translation: Swiss Re not only closed down its so-called investment banking operation, but also reflected the true position, by VALUING THE DERIVATIVES ‘ASSETS’ AT ZERO.

• This is the kind of evidence of the worthlessness of these fraudulent assets, that cannot be ignored, even by derivatives market ideologues,

• FACT: Many of the colossal losses being logged by financial institutions reflect the fact, which is never reported, that they are ACTUALLY engaged in purging their books, or those of subsidiaries, altogether of the fraudulent derivatives ‘assets’ which were previously reported to have value, but which, since the discontinuity, have been seen to be worth nothing at all.

• ANOTHER FACT: One reason this is happening is that accountancy firms (auditors) do not relish the prospect of being sued for negligence in having signed off on accounts containing fraudulent valuations of derivatives ‘assets’ – given the general climate that has arisen due to the concrete discontinuity, in which it is now universally recognised that derivatives have no value and can no longer be fraudulently passed off as though they do.

WORST PROSPECTS FOR BRITAIN SINCE 1931
In announcing that Britain faces its steepest downturn since the postwar years of 1945 and 1946 and its worst peacetime contraction since 1931, with real Gross Domestic Product expected to contract in real terms by 4% year-on-year in 2009, the Governor of the Bank of England, Mervyn King, warned on 11th February that unless the British Government and policymakers worldwide succeeded in ‘bringing the banking crisis to an end’, the consequences for the UK economy could be even more severe. Mr King added:

‘The United Kingdom economy is in deep recession. The length and depth of the recession will depend to a significant extent on developments in the rest of the world, where a severe economic downturn has taken hold’.

• No measures have been taken that can bring the banking crisis to an end.

On the contrary, all the measures that have been taken are precisely the reverse of what needs to be done, being predicated on the basis of the false assumption that the ‘toxic derivatives assets’ have value, and can be revalued with the new (false) values fixed, which is a fanciful pipedream as Mr Geithner is discovering for himself.

GOVERNMENTS UNABLE TO HANDLE HUGE INSTITUTIONAL COLLAPSES
By extension, and as can be seen from the above, governments are panicking in the face of a general expectation that they will indeed become progressively (or suddenly) liable to guarantee and therefore honour the liabilities of the recalcitrant criminal enterprise banks.

Against this background, they have embarked upon a desperate policy of printing money, a.k.a. of quantitative easing, to balloon the money supply, and to expand government debt on a scale with no precedent, thereby effectively ensuring a ‘wheelbarrow’ future.

Instead of adopting this ill-advised and manic non-strategy, the governments concerned should do what the Group of Seven financial powers agreed to do at their meetings in both 2007 and 2008, and which they have so far FAILED to do.

• That policy is spelled out in the section entitled THE SOLUTION.

Governments have failed to implement the strategy that the G-7 agreed upon in 2007 and 2008 because they are fearful of the big criminal enterprise banks and of the powerful traders and intermediaries that wish to continue the Fraudulent Finance carousel operations, as though there had been no discontinuity – in order to recoup the funds they lost in dancing to the enticing tunes played for them by Godfather Bush Sr. and his sorcerer-in-chief, Dr Alan ‘Bracelets’ Greenspan.

And behind this sabotage lies the factor identified earlier – namely, the criminal finance intentions and covert self-financing practices of the US ‘State within the State’ which controls the Executive Branch, selects its leading figures, and has usurped the power of the Executive.

In order to sustain this position, the CIA, controlled by the Bush-DVD faction inside the Intelligence Power, has seen to it that its Fraudulent Finance Ponzi operations have been exported to as many counterparties abroad as the external platforms that have been compromised can muster.

By enticing so many swarms of flies into its web the Bushspider operating out of the George Bush Center for Financial Terrorism has attempted to preclude the discontinuity that has actually taken place – namely, exposure of the fact that these transactions are ALL FRAUDULENT.

The US Treasury’s cack-handed attempt to perpetuate the fraud, by having the corrupt Federal Reserve fund exotic new US Treasury instruments (or ‘Geithners’) ‘enhanced’ with an insurance wrapround and a deceitful Treasury ‘good health’ label, has both invited ridicule and drawn global attention to the relevance of Mervyn King’s warning that the situation will deteriorate sharply ‘if the world’s policymakers fail to bring the banking crisis to an end’.

There is, and has always been, ONLY one way to bring the global banking crisis to an end: and that is to implement, without further obtuse delay, the Refunding Programme for the US dollar and world trading system agreed upon by the Group of Seven Financial Powers in 2007 and 2008:

• See under SOLUTION, above.

MADOFF UPDATES
Following the revelation that Mrs Ruth Madoff removed about $15.5 million from a Massachusetts brokerage firm operating as a Ponzi scheme ‘feeder’ funnel into the Madoff giga-Ponzi enterprise during the three weeks prior to Bernard L Madoff’s arrest on 11th December 2008, it has emerged that a far larger number of people than previously envisaged, have been scammed and/or affected by the Madoff dimension of the George Bush Sr. global financial corruption nexus.

According to Court documents filed by the Massachusetts securities regulators, Mrs Ruth Madoff withdrew $5.5 million from Cohmad Securities on 25th November and a further $10 million on 10th December. This information is detailed in two wire transfer receipts filed by Mr William Galvin, the Massachusetts Secretary of State.

These wire transfer orders represent the first open evidence that any member of Madoff’s family was assembling cash immediately before Madoff ‘confessed’ on 11th December that he had been running a gigantic ‘Ponzi scheme’ for years. Mr William Galvin seeks to revoke Cohmad Securities’ registration in Massachusetts for failing to cooperate with his investigation.

This State filing coincided with US Federal prosecutors being granted another extension, to mid-March, to file an indictment or present evidence against Mr Madoff. The Financial Times reported on 12th February 2009 that ‘Mr Madoff’s attorney and prosecutors have been in discussions about a “possible disposition” of the case, according to a Court document filed on 11th February. This could mean that prosecutors and the defence are attempting to work out a deal before trial. Mr Madoff has already agreed to a partial settlement with civil authorities’.

These developments reek of an ‘insider stitch-up’, as trailered by this service in our earlier report on this subject. The forthcoming issue of International Currency Review, Volume 34, #2, contains facsimiles of the early Madoff Court case documents obtained by the Editor from the United States District Court for the Southern District of New York during his pre-Christmas visit to New York, with a great deal of related background information.

On 13th February, Bloomberg reported that Mr Madoff’s defence attorney, Ira Sorkin, may have a conflict of interest in defending his client because the lawyer’s parents invested with Bernard L. Madoff until 2007. Madoff’s Ponzi operations are thought to have functioned as early as the 1970s.

An IRA (Individual Retirement Account) opened by Sorkin’s father was inherited by his mother in 2001. When his mother died in 2007, the IRA was cashed out. Joan Meyer, a former prosecutor who is now a partner with Baker & McKenzie LLP, said:

‘If one of his close family members was the recipient of that money and essentially benefited from that fraud scheme, it’s something that an attorney would clearly have to consider’. The Wall Street Journal reported that the account was divided between Mr Sorkin’s sons, Roger and Peter.

Ms. Meyer elaborated that defendants who sign waivers for their lawyers in such prospective conflict-of-interest cases and who are later convicted, have been known to claim that the waiver was obtained without sufficient information or was sought in respect of conflicts that cannot be waived, potentially leading to what Ms. Meyer called “a litigation issue in the future”.

Sorkin’s name and those of his parents appeared on the 162-page list filed in the US Bankruptcy Court in Manhattan [see our alphabetic listings, reports dated 6th February 2009]

Other links between Sorkin and Madoff over the years have also been dredged up recently.

All we would say at this stage is that this state of affairs may, we suspect, turn out to be ‘extremely convenient’ for Madoff in due course, and comparably ‘embarrassing’ for the US Government.

• On purpose?

OUR SUSPICION OF A STITCH-UP IS SUPPORTED BY ANOTHER SOURCE
The Editor’s early published suspicion that the Madoff crisis was vulnerable, given the drafting in of certain ‘connected’ attorneys, to being ‘stitched up behind closed court doors’, and our earlier allusions to the reality that the Madoff Ponzi operation was linked to the Bush-Clinton-Chicago organised crime Octopus are supported by the following excerpt from Wayne Madsen’s WMR website (dated 9th February 2009):

‘The Securities and Exchange Commission (SEC) announced that it had cut a deal with $50 billion Ponzi scammer Bernard Madoff whereby Mr Madoff will neither admit nor deny fraud claims against him in a suit brought by the SEC. In return Madoff has agreed to pay civil fines and penalties levied by the SEC. The agreement has no bearing on Madoff’s criminal trial’.

‘WMR has learned that in addition to 20 million documents stored by Madoff in a warehouse in Queens that were stored without any indexing system and merely placed in boxes and strewn around the floor, are millions of additional documents that were stored by Madoff in a Brooklyn warehouse that was partially flooded. A number of Madoff documents there were destroyed by water damage’.

‘WMR has also learned that a key element in Madoff’s Ponzi scheme was Madoff Energy LLC, formed as a Delaware corporation in February 2007. Other Madoff firms in the energy arena were Madoff Energy Holdings LLC, Madoff Energy III LLC, and Madoff Energy IV LLC. There are links between these now-defunct Madoff energy entities and Texas oil and natural gas industry interests, some close to the Bushes and Dick Cheney’.

‘WMR has also learned that the kid glove treatment given by Federal authorities to Madoff, including allowing him to remain in his Upper East Side luxury town home, is because Madoff’s Ponzi scheme was part of a much larger operation, one involving top officials of both the George W. Bush and Barack Obama Administrations, as well as the notorious Russian-Israeli Mafia’.

• JUST AS WE INDICATED EARLIER.

CRUDE CIA BLACKMAIL THREAT AGAINST MI-6
The Madsen report dated 9th February 2009 also contained a veiled threat of CIA blackmailing operations against the British Government which we understand to be a further dimension of the bitter intelligence war and stand-off between the threatened US Intelligence Power and the British intelligence services centred around the issue of The Queen’s LOAN funds.

The veiled threat is interpreted by us as a deliberate provocation by the beleaguered CIA which is resisting the inevitable implementation of the G-7 – Approved Refunding Programme because of its fear that it will then lose key sources of illicit finance which are the fountainhead of its usurped power over the Executive Branch and what it has hitherto considered to be its unchallengable US and worldwide hegemony.

Madsen, who is widely used to run ‘trailers’ of what the CIA and its affiliate entities have in mind, and whose service also specialises in ‘breaking’ connections that certain US forces want ‘out there’ for their own reasons – and who has, significantly, NEVER alluded to our reports, indicating that his service may engage in selective reporting – referenced the controversy surrounding the detention and brutal treatment in Gantanámo of Binyamin Mohamed, whom Madsen INCORRECTLY claimed to be an Ethiopian citizen when in reality he is a British citizen, and whose lawyers have demanded that the British Foreign and Commonwealth Office turn over 42 classified documents that reveal how Mohamed was tortured, renditioned between Afghanistan, Pakistan, Morocco and Cuba which, Madsen reported ‘may also shed light on the British Government’s involvement in kidnapping and torture’.

The source elaborated:
‘WMR has learned that the CIA, with the support of the Barack Obama Administration [sic! The CIA CONTROLS the Obama Administration], is threatening to release details of other British abductions and torture if London proceeds to reveal details of the kidnapping and torture of Mohamed’.

The report then went on to spell out what blackmail cards the CIA thinks it holds against MI-6, which has the power and responsibility (see our earlier reports) to procure the implementation of the Settlements and the Refunding Programme.

The following package represents a crude, typically CIA-style blackmail threat:

‘Specifically, the CIA is in possession [how on earth does Madsen know? – Ed.] of potentially embarrassing details of the abduction and torture by Britain’s MI-6 intelligence service of 28 Pakistanis abducted by British agents in Athens after the July 7, 2005 transit bombings in London’. The report continued to elaborate on this matter in a tone which can only be described as very threatening, concluding with the following:

‘With suspicions growing that Milliband [British (Jewish) Foreign Secretary] and Prime Minister Gordon Brown are involved in a major intelligence cover-up, any US disclosures about Britain’s rôle in renditions and torture, violations of international and European law, could result in a further erosion of support to Labor in Britain…. If the British Government reveals details of Mohamed’s rendition and torture by the Americans, it can be expected that there will be a mutually-assured destruction campaign waged between Washington and London’.

The only problem with this barefaced blackmail threat is that a British Judge had already ruled – but in furious language, prompting superheated exchanges recently in the House of Commons – that the relevant information about the Americans’ brutal treatment of Mohamed would NOT be released for unspecified security reasons ‘and in order to preserve the essential confidences inherent in the intelligence relationships between the two countries’, or verbiage to that effect.

The British Foreign Secretary (Miliband) then elaborated at great length in Parliament about why the information would not be released.

• In other words, Madsen’s belated CIA blackmail threat was sterile, beyond its expiry date and empty – suggesting that the CIA was scratching around looking for some further pretext to exert pressure on the British, given the stand-off over the G-7-Approved Refunding Programme which it is systematically blocking.

• A pretty feeble operation, which was flattened when the British authorities saw through the CIA’s typically sordid blackmail attempt.

IN MEMORIAM
William Foxton OBE, a distinguished British Army officer, who rose from the ranks in the Green Jackets regiment, lost his arm in combat, and worked for United Nations missions, the French Foreign Legion and the Sultan of Oman, shot himself in the head on 10th February 2009 (not 1983) after losing his life’s savings in the Bush-Madoff Ponzi operation.

Major Foxton killed himself in a park near his home in Southampton. His son, Willard, 28, said of Madoff and associates:

‘They have got my father’s blood on their hands’. The retired soldier had invested some of the money he had earned while serving the Sultan of Oman, in two hedge funds that were rolled into Madoff’s scheme, and had lost ‘a six- or seven-figure sum’, according to Mr Foxton Jr.

‘Essentially I want Madoff and others to know that they have my father’s blood on their hands. I’m very angry. My first thought was to show up at Madoff’s trial in New York and throw my father’s medals in his face’.

If there is a trial, that is: right now, our early suspicion that the Bernard L. Madoff scandal and its reverberations were liable to be stitched up behind corrupt court doors by corrupt US lawyers trying to cover up for George Bush and the Clinton Chicago FBI and the other financial gangsters behind this corruption, looks as though it may have been right on the mark.

REACTIONS TO OUR REVELATION CONCERNING MICHAEL C. COTTRELL, B.A., M.S.
In the preceding report, dated 8th February 2009 we revealed for the first time that Michael C. Cottrell, B.A., M.S., is instructed to proceed with the Group of Seven-Approved transparent Dollar System Refinancing Capital Markets transactions on the basis of the $6.2 trillion of LOAN funds provided mainly by Her Majesty the Queen designed to generate taxable REVENUE on the books, thereby refloating the banks ON BALANCE SHEET.

This information was published because it had finally become clear that, despite all the reiterated promises, undertakings and assurances from behind the scenes that the G-7-Approved Refunding Programme would proceed as instructed by the lender(s), these undertakings had turned out to be as worthless as the trash derivatives ‘Structured Products’ that have been exposed as fraudulent and without any value, as is universally accepted. Previously it had been considered appropriate NOT to divulge this information – publication of which apparently came as a shock to certain parties who remain hell-bent on continuing the discredited Ponzi scamming operations.

As a direct and immediate consequence of that revelation, several responses were forthcoming:

• 1: SCURRILOUS LIBEL ATTACK AGAINST COTTRELL AND HIS CORPORATION:
First, Michael C. Cottrell, B.A., M.S., was subjected to a series of deliberately libellous assertions and innuendos in a website posting on 11th February 2009 by an operative called Tom Heneghan. We deal with this matter in the final section below. The purpose of the careless libel attack was to try to discredit Mr Cottrell and his firm Pennsylvania Investments, Inc., given that (see below) the Obama Administration is using the ‘SMOKE AND MIRROR MONEY’ generated by illicit means and contrary to the lenders’ and owners’ instructions off the back of the $14.0 trillion, to ‘reboot’ not the American economy (as is claimed) but first of all, the internationally and domestically discredited fraudulent derivatives sector for the benefit of all parties involved in this financial corruption.

• 2: CRUDE CIA BLACKMAIL THREAT AGAINST MI-6:
Secondly, a separate, crude CIA blackmail threat as described above was deployed in a clumsy manner to exert pressure on MI-6, within this overall context. Other ongoing, unspeakable CIA blackmail operations perpetrated by US intelligence cadres against targeted figures in Britain are known to the Editor of this service.

• 3: DIVERSIONARY ARTICLES ‘REPLACING’ G-7 BY INEFFECTIVE G-20:
Thirdly, all of a sudden, articles started appearing, coinciding with a meeting of Group of Seven Ministers in Rome on 13th February, suggesting that the G-7 was a spent force and that ‘the action’ would come from the Group of Twenty (G-20) who are scheduled to meet on 2nd April. The purpose of this new ‘angle’ was to discredit the G-7-Approved Refinancing Plan.

This line was pushed, in particular, in a Bloomberg article by Simon Kennedy, which kicked off with the following inaccurate statement:

‘The Group of Seven, whose finance chiefs convene this weekend in Rome, is ceding its traditional power to rebuild the world economy to a broader body of governments that now wield greater sway over global growth’.

Among the ‘authorities’ cited for this diversionary ‘line’ was Paul Martin, the former Canadian Prime and Finance Minister, who was reported to have told Bloomberg: ‘The G-20 reflects the realities of the global economy. Its Finance Ministers are becoming the dominant policy-making body’.

Also cited was none other than Gordon Brown, the British Prime Minister, identified earlier as having impeded the Settlements and the Refunding, who said on 9th February: ‘You cannot talk about the world economy and what you want to do without involving a whole range of countries’.

However the former American Treasury official John Taylor, who is now a Professor at Stanford University, contradicted all this by stating, accurately, that the G-7 can ‘still get things done better’ because it is smaller, involves only major economies and is monitored closely by investors. As for Joseph Stiglitz, the former Chief Economist with the World Bank and a former adviser to President Clinton, he of course pushed the G-20 line: ‘It’s effectively recognition by the G-7 that they don’t have the money. The money is in Asia, the Middle East’.

But the Group of Seven have permission to deploy the $6.2 trillion provided pro bono publico mainly by Her Majesty The Queen for transparent on-the-books taxable REVENUE generation to refloat the banks and thus the US and world economies, and they also command the means of implementing this strategy thanks to instructions referencing the Refinancing Programme, which require Capital Markets transactions to be conducted using the appropriate instruments by and through Michael C. Cottrell’s Pennsylvania Investments, Inc. investment banking firm.

Further, the notion that the G-20 can agree on anything PRACTICAL in this crisis is, in this Editor’s 38 years’ experience of observing these international platforms, eyewash. The G-20 powers can never agree on much, and can rarely implement anything effective: G-20 is just a talking shop.

And as indicated above, the Chinese have specifically informed Mrs Clinton that their terms for any further Chinese investments in US Treasuries entail the provision of a wrapround guarantee for all preceding Chinese financial investments – which, in translation, means that they informed the US Secretary of State that the Chinese will be pouring no more dollars down the corrupt US Treasury black hole – which, by further extrapolation, is another way of saying:

YOU HAVE NO SAY IN THE MATTER. WHAT HAVE YOU TO DO WITH US?

• A sentiment from which no sane and informed observer can dissent.

• 4: USE OF ‘SMOKE AND MIRROR MONEY’ DERIVED FROM THE $6.2TRILLION ETC:
In the fourth place, and crucially, passage of the ‘stimulus bill’ represents a pre-planned substitute for the use of HM The Queen‘s money to reboot first, the fraudulent derivatives sector, and only secondly, the US economy.

As noted above, the money allocated for this purpose is ‘SMOKE AND MIRROR MONEY’ generated from the illicit exploitation of the previously referenced $14.0 trillion (including the $6.2 trillion of LOAN funds provided mainly by The Queen), which were placed into ‘lockdown’ on 12th September 2008, following actions taken, we can now finally reveal, by Mr Cottrell and this service (which was why the Editor received the ‘triple gunshot voicemail’ message on the following Saturday morning).

The intention, therefore, is to deploy the illegally generated funds to kick-start the fraudulent derivatives sector again – notwithstanding the realities that it is now universally recognised that these fake ‘assets’ represent the products of a gigantic Bankers’ Ramp, and that institutions as prominent as Swiss Re are writing their derivatives exposures down to zero.

The so-called ’stimulus bill‘ is intended, first and foremost, to BY-PASS USAGE OF THE QUEEN’S LOAN FUNDS which had to be placed out of reach on 12th September 2008 because they were being misused by the banks, hedge funds and so-called ‘private equity’ funds that have been engaged for years in this Fraudulent Finance Ponzi-model activity.

The primary purpose of the ‘stimulus bill’ is the same as Paulson’s corrupt TARP scam, which was designed to refinance Carlyle, Carlyle Capital and friends, as described in the foregoing exposure with diagrams, to be published in the forthcoming issue of International Currency Review.

We can therefore state without fear of contradiction that the US Legislative Branch is co-conspiring with the US Treasury and the Obama White House to PERPETUATE THE DERIVATIVES SCAMMING FRAUDS by seeking to re-start the Ponzi scams following the discontinuity that has taken place (4).

Will this FRAUD succeed?

It cannot succeed. The Chinese, who have hard cash-cash dollars, will not purchase the degraded instruments that the US Treasury will be marketing.

Will other governments and parties that have had their fingers burned want to buy ‘Geithners’ or whatever ‘products’ are now to be concocted on the basis of the ‘stimulus bill’ that President Obama was expected to sign on Monday 16th February, on his return from Chicago where he will have been talking to certain circles with a vested interest in these matters?

What do you think?

OBAMA ADMINISTRATION SELECTS THE WORST OF ALL POSSIBLE WORLDS
So, because the US Government, under Mr Obama as under Bush II, will not agree to the SOLE SOLUTION [see above] TO THE CRISIS THAT HAS BEEN ON THE TABLE FOR SEVERAL YEARS, the United States and the Rest of the World are now condemned to suffering the very worst of all possible worlds – all in order to satisfy the greed and lust of a small clique of corrupt operatives, financiers and others who defer to the determination of the Intelligence Power to retain its control over the US Executive Branch as described above.

Hence Michael C. Cottrell’s request for the instructions pertaining to his stated responsibilities to conduct transparent Capital Markets operations in accordance with the G-7-Approved Refinancing Plan, to be applicable out of London, using the LOAN funds provided pro bono publico by HM The Queen for the purpose, in accordance with the Group of Seven’s long outstanding and hitherto sabotaged requirements.

THE LIBELLOUS ATTACK ON MICHAEL C, COTTRELL, B.A., M.S.
As noted above, the US securities expert Michael C. Cottrell, B.A., M.S., and his investment banking firm Pennsylvania Investments, Inc., were subjected to a deliberate, violent, scurrilous, libellous and desperate attack by an operative called Tomas P. Heneghan, whose address is reportedly 532 W. Jefferson Avenue, Naperville, IL 60540-5219.

• Heneghan is the President and Chief Executive Officer of Equity Lifestyle Properties, Inc.: mailing address: 2 N. Riverside Plaza, Ste 800, Chicago 60808-7882.

On 28th December 2007, Equity Lifestyle Properties, Inc. contributed $2,300 to the Hillary Clinton for President campaign. [Source for all this detail: CampaignMoney.cpm/political contributions/thomas-heneghan]. In the past, the Editor of this service was fed diversionary lies about this operative by an agent seeking to persuade us that Heneghan ‘works for George Bush Sr.’.

On the contrary, this operative worked with Leo Wanta and David Williams and was involved with the Clintons and Al Gore. The libellous attack on Mr Cottrell and his corporation, consisting of smears and innuendos unsupported by any evidence, was specifically timed so as to follow the revelation in our preceding report of Michael C. Cottrell’s standing with regard to the instructions referenced above concerning the Group of Seven-Approved Refunding Programme on the basis of the $6.2 trillion of LOAN funds provided for the purpose pro bono publico and ‘for the sake of the whole of humanity’ by the lender.

The objective of the attack was to smear Michael Cottrell and his corporation ahead of the Senate’s passage of the ‘stimulus bill’ which, instead of deploying these LOAN funds for the G-7-Approved Refinancing Programme ON THE BOOKS to refloat the banks in a proper manner, would instead apply the ‘SMOKE AND MIRROR MONEY’ generated by illicit means inter alia through the irregular exploitation of the LOAN funds prior to their placement into ‘lockdown’ on 12th September 2008.

As reiterated above, the LOAN finance was placed into ‘lockdown’ because it was being corruptly misused in contravention of the instructions and purposes for which the funds were loaned, as a generous discretionary contribution to rescuing the world economy from the fate to which the Bush and now the Obama Administrations have perversely consigned it.

This attack was laughable in the sense that it is said of Mr Cottrell, by the kind of people we are having to expose, that ‘you can’t trust Michael Cottrell. He’s too honest’. However the libels and lies stepped beyond tolerable boundaries: and for this reason, first, the Editor agreed with Mr Cottrell a response to a request from a website for an interim statement; and secondly, Mr Cottrell prepared an Affidavit for publication on our website platform and for filing in Court [see below].

Both of these responses are now displayed. This was such a serious and gratuitous attack that Mr Cottrell has been left with no choice, except that he will not descend to the Heneghan level.

The attack also impugned the integrity and loyalty to the United States of Colonel Dana Wilcox.
The Editor has met this gentlemen and can state that among the information that he holds about him is included the fact that he has handled vast sums of money on behalf of Uncle Sam and has never ’touched a cent‘ – unlike other figures mentioned in our reports. Colonel Wilcox would probably not wish the Editor to have made this statement here, but in our view it succinctly summarises in one sentence the level of distinguished integrity applicable.

THE EDITOR’S INTERIM STATEMENT
At 5:43pm on Friday 13th February, the Editor‘s interim statement of rebuttal was posted by agreement (at the website’s request) on http://www.rumormillnews.com

The text of that statement is as follows:

(1) Michael C. Cottrell, B.A., M.S., is at his residence and office in Erie PA.
He has not been arrested.

(2) No warrants have been issued for the arrests of Michael Cottrell and Colonel Dana Wilcox and no investigations of either of them have been undertaken or are intended

(3) Your communication has been forwarded to the Badges.

(4) Aspects of the matter have, I understand, been vigorously dealt with by authorities behind the scenes.

(5) Michael C. Cottrell, B.A., M.S., may be contacted on 814 455 9218. Anyone calling him must identify themselves fully.

(6) All other assertions in the referenced Heneghan segment, with which I am familiar, are also totally false.

(7) The scurrilous attack by innuendo represents a response by Wanta, who remains a convicted felon, to our revelation for the first time, in the recent report, of the status of Mr Michael C. Cottrell B.A., M.S., with respect to the G-7-Approved Refunding Programme.

(8) I have been briefed on the matter in detail and will add substantially to this rebuttal of these scurrilous lies and libels in the forthcoming report, which is currently in preparation.

Christopher Story FRSA, London, 13th February 2009.

MICHAEL C. COTTRELL’S SWORN AFFIDAVIT IN RESPONSE TO THE ATTACK
At 8:46pm London time on 12th February 2009, Michael C. Cottrell, B.A., M.S., faxed the following sworn Affidavit to the Editor, for inclusion with this presentation. The Affidavit is structured for prospective filing at the United States District Court for the Eastern District of Virginia, Alexandria, by Colonel Dana Wilcox in the near future.

Colonel Wilcox and Michael Cottrell are understood to require a comprehensive retraction of the libels and lies about them perpetrated by Mr Heneghan against them. The text of the Affidavit forwarded to the Editor is as follows:

I, Michael C. Cottrell, B.A., M.S., as President, Chief Executive Officer, and Chairman of the Board of Pennsylvania Investments, Inc., do hereby swear and affirm the following facts –

That [I] refute and demand legal proof supporting the allegations presented by Mr Tom Heneghan, International Intelligence Expert, within “The Warrant Issued for Greenspan Madoff-Gate Update” [posting at:] (http://blog.myspace.com/tom_heneghan_intel), dated February 11, 2009…

ALLEGATION #1:
“P.S. WE CAN ALSO REVEAL TONIGHT THAT WARRANTS HAVE ALSO BEEN ISSUED FOR THE ARRESTS OF EAST GERMAN STASI DVD-U.S.-CIA AGENT AND EX-NAZI [sic], COLONEL DANA WILCOX, ALONG WITH FORMER LEO WANTA COLLEAGUE MICHAEL COTTRELL”.

(1) Upon notification of this series of allegations by Mr Heneghan, on February 12, in a phone call with the authorities – between approximately 7.30 a.m. EST and 7:32 a.m. EST –

I was advised that the allegations are not true, no such warrants have been issued for either Mr Wilcox or myself – further, there is no investigation of us.

I demand Mr Heneghan show proof of said warrants issued, by whom, to whom.

ALLEGATION #2:
“BOTH WILCOX AND COTTRELL RECENTLY TRIED TO ILLEGALLY REPRESENT THEMSELVES AS REPRESENTATIVES OF AMBASSADOR LEO WANTA IN REGARDS TO IMPLEMENTATION AND SETTLEMENT OF THE WANTA-REAGAN-MITTERRAND PROTOCOLS”.

(2) Per notification to the Department of Taxation of the Commonwealth of Virginia dated 31 March 2008, that since Mr. Lee/Leo Wanta has dismissed Michael C. Cottrell, B.A., M.S., from any and all activities relating to AmeriTrust Groupe, Inc.

• that all notices of taxation matters be referred to Mr. Lee Emil Wanta, 396-6726, Shareholder since May 20, 2004, at 715-864-6956/715-726-1097, or diplomat_switzerland@msn.com or at 13093 77th [Avenue] Chippewa Falls, WI 54729-6285;

• Registration change Request: 23 March 2008, AmeriTrust Groupe, Inc., 13093 77th Avenue, Chippewa Falls, Wisconsin 54729-6285;

• that all documents forwarded to ANY entity since 23 March 2008 have been under the authority of Michael C. Cottrell, B.A., M.S., President and CEO of Pennsylvania Investments, Inc.;

• Mr Dana Wilcox is neither a part nor an employee of Pennsylvania Investments, Inc.;

• Neither Mr. Wilcox nor Mr Cottrell – since 23 March 2008 – have or will ever represent a convicted felon named Leo/Lee Emil Wanta or AmeriTrust Groupe, Inc.;

I demand Mr Heneghan show proof of such an instance.

ALLEGATION #3:
“AT THIS HOUR, COTTRELL AND WILCOX HAVE BEEN ACTING AS COLLECTION AGENTS FOR THE BRITISH MONARCH QUEEN ELIZABETH IN REGARDS TO A $6.2 TRILLION LOAN GIVEN BY HER MAJESTY TO FORMER WHITE HOUSE OCCUPUNK GEORGE W. BUSHFRAUD”.

• This is such an outrageous statement that any American can place themselves as “collection agents” for Her Majesty –

I demand Mr. Heneghan show the proof of said allegation.

ALLEGATION #4:
“BOTH COTTRELL AND WILCOX REPRESENT A NOTED MONEY LAUNDRY CALLED PENNSYLVANIA INVESTMENTS, WHICH HAS BEEN LINKED TO THE BERNARD MADOFF PONZI SCHEME…”.

As President of Pennsylvania Investments, Inc., located at 1157 West 7th Street, Erie, PA 16502 – 814-455 9218 –

I demand that Mr. Heneghan provide any U.S. FEDERAL ATTORNEY that will substantiate this slanderous statement – WHERE IS THE PROOF – NO U.S. ATTORNEY has EVER stated or implied that Pennsylvania Investments, Inc. is or has EVER been linked to Bernard Madoff or any of the BUSH-CLINTON-MADOFF schemes;

A copy of this affirmation shall have the same effect and force as an original.

I, Michael C. Cottrell, B.A., M.S., President of Pennsylvania Investments, Inc., located at 1157 West 7th, Erie, PA 16602, United States Passport No. 205125335, do hereby swear and affirm that the above statement is true and factual.

[Signed]
Michael C. Cottrell, B.A., M.S.
President
Pennsylvania Investments, Inc.

12 February 2009.

References and Notes:
(1) ‘And he spake a parable unto them, Can the blind lead the blind? Shall they not both fall into the ditch?’: Luke Chapter 6, verse 39.

(2) Rachel Ehrenfeld told the Editor in October 1999 that she and a girlfriend were present in a women’s accessories boutique at the Rockefeller Center when, all of a sudden, 18 presidential security personnel rushed in and ordered everyone in the boutique to freeze. She and her friend were stranded in the middle of the floor. Shortly afterwards in walked President Bill Clinton, who proceeded to order something or other for one of his female ‘acquaintances’. Ms. Ehrenfeld told the Editor that the next few minutes felt like the best part of half an hour, and that she had never, in her whole life, experienced such an unpleasant atmosphere. She said that the vibes around this man were deadly. Suddenly Clinton turned to her and his face went as red as a beetroot.

Then, the purchase complete, the President and his bodythugs evacuated the premises, leaving the other customers stunned. Rachel said she couldn’t get out of the place fast enough.

Two subsidiary points complete this story (which we have told here before, without naming the source): First, Clinton is of course the illegitimate son of Winthrop Rockefeller, so ‘shopping’ at the Rockefeller Center makes sense for him. Secondly, Ms. Ehrenfeld is a leading criminologist and told the Editor that she had debriefed some of the worst serial killers in America, in the GULAG.

She added that never, during such debriefings, had she experienced vibes anything like as bad as those surrounding President William Jefferson Clinton. This man and his wife are back in control of the US Government, on behalf of their patrons, the Bush Crime Family.

(3) The attempt by Lord Mandelson to smother criticism of British bankers’ appalling behaviour hit a brick wall when Patrick Hosking added this condemnation in an excoriating commentary in The Times, London, of 14th February 2009, entitled ‘Britain’s bankers plumb new depths’.

The commentary, with which we are in total agreement, read in part:

‘The spectacle of bankers continuing to award themselves bonuses while taking taxpayer support is feeding an extraordinary public rage and a fierce sense of injustice. With 40,000 people losing their jobs each month, it is a recipe for trouble, come the traditional rioting months of the summer’.

‘The seething sense of unfairness is almost palpable. The view that a small élite not only caused the crisis, but continues to profit at the expense of everyone else, is near universal’.

‘Gordon Brown’s promise of no rewards for failure in state-supported banks is looking ever more threadbare. We now know that Peter Cummings, the highest-paid individual on the HBOS Board, headed a division responsible for £7.0 billion of losses last year, yet he was still given a reported £660,000 payoff when he left in early January clutching his £6.0 million pension pot’.

‘The suggestion by Lord Myners, the City Minister, that some bankers simply have no sense of the broader society around them is getting harder to refute. To be preparing to pay out billions of pounds in discretionary bonuses over the next few weeks suggests an ignorance of the public mood and a single-mindedness bordering on the sociopathic’.

No doubt those who tried to pressurise the Editor this service to ‘cool it’ in reporting further on Lord Myners’ fully justified and long overdue observations on the filthy greed of these corrupt British banking types, will have read the foregoing passages in The Times. But just in case they didn’t, we reproduce them here for the record. All part of the service.

(4) Various American parties have sought to take issue with us over our presumed attitude towards President Barack Obama. Apparently we were supposed to have followed their example in abruptly ceasing to castigate outgoing President Bush Jr., and to switch to firing at the incoming President.

In order not to fall into this trap, the Editor invented the metaphor about jumping out of the frying pan and hovering in mid-air while it became clear whether we were to jump into the fire, or not.

Further, the Editor of this service is not a citizen of the United States, is a frequent guest in New York and elsewhere (having visited the country very frequently since 1977) and may be one of the best informed Englishmen in the world concerning the United States. It is clearly not for him to enter into sterile internal debates about issues relating to the new President, especially since it was unclear (for multiple reasons) how Mr Obama would develop in office, and what his priorities might be. The Editor was as disturbed as all other observers about the composition of the new US Administration, but still considered it appropriate not to descend to the mud-slinging level instantly indulged in by certain American observers. If they want to do that, it is their choice: but it is not for them to criticise the Editor for not joining in such activity.

The Editor is well aware of all the issues that have been raised under this heading. However he still considers it appropriate, diplomatic and plainly right to reserve judgement, while at the same time taking note of the fact that the new President of the United States is extremely polite and courteous at all times, which is more than could ever be said of his recent predecessors.

For this reason alone, the Editor considers that he should be allowed to remain the judge of what he may or may not write in the future about President Obama, in whom so much hope has been placed. The fact that Mr Obama has taken the wrong (and probably disastrous, for him) decision in allowing his personnel to place the impossible task of revitalising the decayed Fraudulent Finance sector at the top of his list for action, is a regrettable and prospectively catastrophic mistake.

But the Editor considers that the new President is still entitled, as current Head of State, to proper respect from a ‘foreigner’, especially a Brit.

And that’s where the matter rests.

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

LEGAL TUTORIAL: The Steps of Common Fraud:

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

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

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

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

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

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

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

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

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

FRAUDULENT CONVEYANCE:

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

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

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

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

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

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

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

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

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

GEITHNER TO LAUNCH WORLD’S BIGGEST PONZI SCAM

G-7 PRIVATE SECTOR DOLLAR SYSTEM REFUNDING TO BE IGNORED

Sunday 8 February 2009 23:45

BAD DEBTS TO BE PILED UPON BAD DEBT TO REFLOAT TRASH DERIVATIVES

OBAMA LED ASTRAY BY MAD OPERATIVES DEDICATED TO A WHEELBARROW FUTURE
WHO ARE TAINTED BY/IN PREVIOUS WASHINGTON ADMINISTRATIONS SINCE 1981

QUEEN’S $6.2 TRILLION TO BE BYPASSED IN NEW DEBT ORGY

BANKS MAY BE ‘REFLOATED’ ON A FILTHY SEA OF U.S. TRASH

SAME CLIQUE OF FINANCIAL TERRORISTS RUNNING OBAMA’S SHOW

TREASURY AND FED WILL MANUFACTURE BAD MONEY IN SPADES

ON-BALANCE SHEET G-7 CAPITAL MARKETS TRADING SHOULD GO AHEAD FROM LONDON ON THE PRINCIPLE THAT GOOD MONEY PUSHES OUT BAD, IN ACCORDANCE WITH THE REVISED INSTRUCTIONS BASED ON ‘THE REQUEST/AFFIDAVIT DATED 29TH DECEMBER 2008’

• MADOFF ‘VICTIMS’ LIST: Two reports were posted on 6th February 2009 containing the entire list of customers of Bernard L. Madoff Securities, Inc.. Because the list is so huge, we divided it into two segments: Clients A-N; and clients O-Z, plus a Miscellaneous section. See: Archive.

• QUEEN CANCELS STATE VISIT TO DUBAI AFTER THEFT
MASSIVE SUM TRANSFERRED ILLEGALLY FROM CITIBANK LAST WEEK:
This urgent report, posted dated 7th February 2009, has now been replaced by the report published below which it had been intended to post on the 7th. You can still access the Dubai report via the Archive in the usual manner. Please do so.

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

• IMPORTANT UPDATE: See at the foot of this report for signs of a belated rethink implying an outbreak of common sense, spearheaded by Mr Lawrence Summers. DON’T SKIP THIS PLEASE.

• The add-on about Summers’ ‘redirection’ at the foot of this report, is entitled:
INTERVENTION ON SUNDAY 8TH FEBRUARY BY MR LAWRENCE SUMMERS:

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

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

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

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

• Please Make a Donation to help finance Christopher Story‘s ongoing global financial corruption investigations, which have turned the whole world upside down and have exposed the corruption which was intended to enable the geocriminalist syndicate to seize the wealth of the entire world. These people have finally been more or less completely stopped in their tracks as a consequence of these exposures. Your assistance will be sincerely appreciated and will make a real difference, hastening the OVERDUE resolution of the worst financial corruption and linked financial fallout in world history. The Editor’s $35,000 Wanta bail-out money was not repaid and so has been stolen. It will be collected in due course and the thief will be appropriately dealt with, having so far taken no steps at all to repay the Editor’s loan funds, which should have been remitted on 11th June 2007.

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EDITOR LIED TO AND DECEIVED BY U.S. OFFICIAL FLATTERERS

NSA STEALS ICR TEXT PROVING TARP WAS A SCAM TO REFUND CARLYLE, BUSH ET AL.

THE PAULSON TREASURY’S TARP $700 BILLION PLATFORM SCAM

BASED ON THE FALSE PRESUMPTION THAT THE DERIVATIVES ‘ASSETS’ HAVE VALUE

• Note: The forthcoming issue of International Currency Review [Volume 34, #2] will definitively reconfirm WITH DIAGRAMS, that derivatives ‘assets’ are trash, worthless, and why this is so.

TEN FURTHER MADOFF-STYLE PONZI SCAMS READY TO ‘BLOW’ IN EUROPE (ANY TIME)

THE GEITHNER TREASURY WILL FOLLOW PAULSON’S EXAMPLE BY LAUNCHING THE BIGGEST FRAUDULENT FINANCE PONZI SCHEME IN WORLD HISTORY, WHICH WILL DESTROY THE U.S. DOLLAR SYSTEM AND WILL ENSURE A HYPERINFLATION AND THE DESTRUCTION OF VALUE

THE CORRUPT CIA, COVERTLY FUNDED BY PONZI FINANCE, INSISTS IT MUST CONTINUE

REQUEST THAT THE G-7 REFUNDING SHOULD BE RUN OUT OF LONDON

GEITHNER PROSPECTUS WILL BE FRAUDULENT AND FALSE

ANOTHER SIGN THAT CORRUPT ‘BUSINESS AS USUAL’ IS INTENDED

IMPERATIVE AND INDISPENSABLE NEED FOR A BREAK WITH THE PAST

PRESIDENT BARACK OBAMA SABOTAGED BY HIS ENTOURAGE

SIGNS OF OBAMA’S REQUIREMENTS BEING UNDERMINED

OBAMA WANTS TRANSPARENCY AND THE RULE OF LAW: HIS PERSONNEL DISAGREE

TOP U.N. OFFICIAL CONFIRMS THAT INTERBANK MARKET IS FUNDED BY DRUG MONEY

THE ‘LOCKDOWN’ OF $14 TRILLION EFFECTIVE 12TH SEPTEMBER 2008

‘STATE WITHIN THE STATE’ JEALOUS OF ITS FRAUDULENT FINANCE

FLURRY OF ACTIVITY TO PRESERVE FRAUDULENT FINANCE PONZI OPS

HOW THE INTELLIGENCE POWER MAY BE CONTROLLING THIS PRESIDENT

INTELLIGENCE POWER DEVALUING THE PRESIDENT’S TRANSPARENCY DRIVE

POSTSCRIPT: ‘THE FILLING IN THE HOLES’ LIE

NEW REPORT STARTS HERE:

EXECUTIVE SUMMARY:
On 25th January 2009, the Editor received a message from supposed official allies in the United States to the following effect: ‘Those who matter in Washington are delighted with your new post [25th January]. Could you please leave it up there’. This message was accompanied by flattery.

The reason for the source’s ‘satisfaction’ with the report was that it was calculated to assist the process of shoehorning the Timothy Geithner, the former President of the Federal Reserve Bank of New York which has presided over the worst epidemic of corruption in world history, into the stop slot in the Treasury – so that the Financial Fraud can continue.

On 5th February, as the Editor and his colleague were making final changes to the forthcoming issue of International Currency Review [34, #2] which contains a step-by-step exposure by the US securities expert Michael C. Cottrell, of how the Paulson Treasury designed the TARP operation specifically in order to refund Carlyle, Carlyle Capital, George H. W. Bush, James A. Baker III and other highest-level Financial Terrorists, the NSA directed electronic pulses onto our production computer and removed the relevant concluding paragraphs and the final chart that explains how the Paulson TARP scam was to be accomplished.

• We did not lose the text and the chart because we keep multiple copies of everything.

However the NSA stole the precise text of our exposure of the TARP fraud, presumably in order to establish whether we would be likely to expose the new Ponzi fraud that Geithner has in mind.

On 6th February, a CNBC report duly revealed that Mr Geithner is to unveil the Grandfather of all Ponzi operations on Monday, whereby the US Treasury will preside over repackaged TRASH assets on a prodigious scale in order to refloat the banks, irrespective of the fact that this Ponzi operation will pile debt upon debt and will GUARANTEE a wheelbarrow hyperinflation down the road.

We have therefore concluded that the Obama-Geithner Treasury has no intention of mobilising The Queen’s $6.2 trillion, made available for ON-BALANCE SHEET CAPITAL MARKETS OPERATIONS to assist the United States in a gesture of friendship and for no other purpose, in accordance with the reiterated wishes of the Group of Seven Financial Powers in 2007 and 2008.

Finally, we conclude, from such signals as the provocative appearance at the White House of the disgraced and discredited former British Prime Minister, Tony Blair, who ‘rolled over’ as we alone reported last year and exposed comprehensive details of the corrupt Octopus, that The Queen is being snubbed and the young President of the United States is being deceived and may have little understanding of what his own appointees are intending, on behalf of the same discredited crew of rancid, hyper-corrupt Fraudulent Finance specialists that have been consistently exposed in our reports and printed intelligence publications.

• It is therefore recommended that the G-7-Approved Private Sector Capital Markets Refunding Programme, instructing Michael C. Cottrell, B.A., M.S., to handle transparent on-balance sheet taxed Capital Markets transactions on the basis of the LOAN FUNDS through his securities firm Pennsylvania Investments, Inc., should proceed anyway as been specifically instructed, ‘per the request/affidavit dated 29th December 2008’, but through London rather than New York.

This recommendation has regard for the facts that good money pushes out bad, and that the G-7 Financial Powers cannot possibly approve the disastrous course that the new Geithner Treasury intends to pursue, which will end with US Treasuries and dollar bills acquiring trash status, like the worthless derivatives non-assets which the Treasury intends to repackage, falsely representing that underlying derivatives ‘assets’ have value, which is not the case. The forthcoming issue of International Currency Review will definitively demonstrate that derivatives ‘assets’ are TRASH.

EDITOR LIED TO AND DECEIVED BY U.S. OFFICIAL FLATTERERS
Dealing quickly with this ‘water under the bridge’ matter, as noted above, we received a sudden communication from official sources after posting the report dated 25th January 2009, the precise language of which included the following sentence:

‘The people who matter in Washington are delighted with the latest report. It says exactly what they wanted it to say’ [even though we prepared it ourselves without any such input of course]. ‘Could you ask Mr Story to leave it up there please’. These unsolicited observations were accompanied by various flattering remarks which we won’t go into.

As usual, when these people say something out of character like this, what they say usually has an inner, deceptive meaning. In this case, what they were so pleased about was that the report was precisely calibrated, they perceived, to assist the process of Mr Timothy Geithner being corruptly shoehorned into the post of US Treasury Secretary, which they wanted to happen so that the Fraudulent Finance model could be ensured and perpetuated.

Unfortunately, we thought at the time that even Geithner would be preferable to Stuart Levey, an associate of the previous Treasury Secretary, the corrupt and wholly discredited Henry M. Paulson [see Archive]. At the time, the Editor queried how on earth one could presume that this Geithner, President of the Federal Reserve Bank of New York, could possibly be a sensible appointment, given that this man presided, as President of FRBNY, over the perpetration of routine Fraudulent Finance operations on an unprecedented scale.

Now it transpires, of course, that these doubts were justified. For what the duplicitous sources dispensing flattery in our direction were actually doing was to encourage us to leave the 25th January report up long enough for it to have the clinching impact that was evidently considered necessary in order to ensure Geithner’s US Senate confirmation. Once again, therefore, as with Wanta, the Editor has been gravely traduced and deceived.

NSA STEALS ICR TEXT PROVING TARP WAS A SCAM TO REFUND CARLYLE, BUSH ET AL.
On 5th February, the Editor was working with his colleague to finalise pages for the next issue of International Currency Review. This contains an analysis by Michael C. Cottrell, B.A., M.S., with 3 diagrams, entitled ‘THE LEGALISATION OF FINANCIAL CORRUPTION’, that carefully demonstrates and proves that the Paulson Treasury’s TARP operation represented a colossal Ponzi-style fraud designed to refund Carlyle, Carlyle Capital and corrupt ‘insiders’ starting with George H. W. Bush Sr., James A. Baker III and other highest-level US financiers of terrorism.

All of a sudden, our screen became completely unstable under the impact of electrical pulses which can only have been directed externally. There were two attacks: on the first occasion, the relevant pages were retrieved without loss. About 20 minutes later, however, a further pulse attack resulted in the ‘loss’ of the concluding pages, associated with the final diagram which shows:

(a) How the Henry M. Paulson Treasury had concocted a devious false prospectus programme to inject false value into fraudulent and worthless derivative ‘Structured Products’ and:

(b) How this process, thanks to the fact that the Treasury now controlled the FNMA (‘Fannie Mae’) and FHLMC (‘Freddie Mac’) directly, would ensure that the Government bailout money agreed by Congress would refund Carlyle, Carlyle Capital, Bush Sr., James Banker II et al., as stated above.

We therefore publish immediately below the precise text that was stolen by the NSA in the course of this second ‘pulse attack’. We were of course able to restore the stolen text, plus the concluding chart showing the scam in graphic form, almost immediately, so nothing was achieved except that the forces concerned obtained a copy of the language we are using.

They therefore knew that we were about to expose the TARP Ponzi scam, although they would have known that anyway since they listen in to all our telephone conversations.

• Reference is made in the text below, to the diagrams, which are not shown here (because this platform does not currently support illustrations).

• But it is necessary to include these diagram references in order to reveal why NSA stole this text by directing electrical pulses at our production computer. This is the text they stole:

HOW THE LEGISLATION ASSISTED THE FINANCIAL FRAUDSTERS:
THE PAULSON TREASURY’S TARP $700 BILLION PLATFORM SCAM
Figure 3 opposite illustrates the process of taking the private mortgage, commercial mortgage, credit card loans, and/or any other fungible debt, and via the underwriting group or underwriting trust pool, and turning that debt into a securitised ‘Structured Product’ to be pooled and sold into the global institutional market place.

The boxes indicating ‘Pool A-1’ etc. represent the securitised pools of mortgages and other ‘assets’, and the various tranches of these ‘Structured Products’.

These tranches and/or pools are then sold on to the banks, investment banks, and ‘financial products’ companies for re-sale and/or re-packaging and then re-sale to international banks, investment banks, and corporations.

US Treasury Secretary Paulson’s TARP plan to obtain unlimited authority over the $700 billion was premised on the basis that via a reverse auction, the ‘Structured Products’/derivatives could be purchased by the Treasury TARP group and re-packaged, via the new FNMA and FREDDIE MAC, and then re-sold at a profit.

BASED ON THE FALSE PRESUMPTION THAT THE ‘ASSETS’ HAVE VALUE
This operation assumed that the illiquid derivatives have a specific value or a market value.

Such an assumption is definitely false, since there is NO actual and specific asset that is directly attached to the ‘Structured Product’ – given the obvious fact that the asset was split from the locally filed UCC-1 that defines who is the mortgagee and mortgagor, and who has legal claim to the asset once the mortgage or debt is paid in full.

IN OTHER WORDS, holders of these fake, fraudulent exotic ‘assets’ have no recourse to the original underlying source(s) of ‘real money’ funds.

This separation of the asset and the legal authority to claim the asset occurred during the financial securitisation process of pooling, re-pooling, and re-packaging – supposedly (for gullible public consumption) to spread the risk of default to as many holders as possible – thus furthering the development of the Credit Default Swap derivatives market.

The typical CMO (‘Structured Product’) has ‘A’, ‘B’, ‘C’, and ‘Z’ tranches, representing fast pay, medium pay, and slow pay bonds plus a tranche that bears no coupon but receives cashflow from the collateral remaining after all the other tranches are satisfied. More sophisticated CMOs have multiple ‘Z’ tranches and a ‘Y’ tranche incorporating a sinking funds schedule. [This passage in the printed version references the earlier discussion, not reproduced here].

Figure 3 illustrates a non-public TARP program, prior to the appointment of Mr. Kashkari, et al. and the Congressional Oversight Panel restrictions.

Under the guise of a government ‘bailout’ theme and marketed to Congress and the US general public as being for the purpose of buying the illiquid asset-backed securities, Treasury Secretary Paulson intended to operate TARP as a Trading Platform – that is to say, as an International Hedge Fund benefiting from US Government Guarantees – from within Treasury (behaviour which has hitherto been completely illegal) to purchase, at a higher price than necessary, the CDO, CDS, MBS etc. derivatives from the very entities and banks that have themselves directly contributed to the mass-production and sale of these toxic illiquid ‘Structured Products’. The purpose of this Trading Platform was/is therefore to use public funds to quantify the value of the toxic products, and to overpay the holders, i.e.: the likes of leading Fraudulent Ponzi-Finance specialists such as: AIG, CITIBANK, GOLDMAN SACHS, CARLYLE CAPITAL, CARLYLE GROUP, and others.

BECAUSE, once the ‘Structured Products’ had been valued, via reverse auction, and purchased, Paulson and his friends would then be able to re-pool and re-package the relevant derivatives via FNMA and FHLMC for re-sale into the demonstrably gullible marketplace, where the phrase ‘due diligence’ appears to be foreign to many operators in the market – thereby repeating the process for as long as possible. Profits from this Trading Platform could then be transferred to an unknown Master Custodial Account set up within the huge external international monetary system – such as a receptacle set up for this purpose by President George W. Bush Jr. in Benin, West Africa – without the knowledge of, or any accountability to, the US Taxpayer, the US tax authorities, or anyone else.

CONCLUSION
Thus, PUBLIC funds were to be used yet again to generate PRIVATE accruals, while a massive fraud would be concealed under cover of the necessity of ‘managing’ the illiquidity of the avalanche of toxic ‘Structured Products’ and regaining credit flow within the international banking system. See the flow charts: Figures 1-3 herewith. ENDS.

[Note: This text will appear on pages 32-34 of International Currency Review, Volume 34, #2].

THE LEGALISATION OF FINANCIAL CORRUPTION
International Currency Review, Volume 34, #2, containing Mr Cottrell’s detailed exposure entitled THE LEGALISATION OF FINANCIAL CORRUPTION of how the Paulson Treasury was using, and was planning to deploy, US taxpayers’ money to benefit Carlyle, Carlyle Capital George H. W. Bush Sr., James A. Baker II et al, is in production and will be published as scheduled.

It contains detailed information about derivative Ponzi scam methodology, exposing ‘High-Yield Investment Programs’ as Ponzi scams, plus a number of other features exposing the gigantic RAMP which these US criminals are perpetrating on the world.

• Therefore the international community, and many powerful foreign governments and their central banks, will have chapter and verse from us confirming how the Paulson Treasury was intending to perpetrate that fraud.

• Now, however, we learn that this fraudulent activity is to continue:

THE GEITHNER TREASURY WILL FOLLOW PAULSON’S CORRUPT EXAMPLE BY LAUNCHING THE BIGGEST FRAUDULENT FINANCE PONZI SCHEME IN WORLD HISTORY, WHICH WILL DESTROY THE U.S. DOLLAR SYSTEM AND WILL ENSURE A HYPERINFLATION AND THE DESTRUCTION OF VALUE ON A SCALE WITH NO HISTORICAL PRECEDENT

At about 3.15pm on Friday 6th February 2009, CNBC revealed that Mr Geithner intends on Monday 9th February to announce a massive refloating of bad (worthless) assets which will be encased with an ‘insurance wrap’ in the shape of a Government-guaranteed instrument.

Given not least that the bad American banks (Citibank, Bank of America) are already engaged in operations to refloat bad assets, and against the background of the TARP Fraudulent Finance operation implemented under the Paulson Treasury, this departure will ensure that Treasury paper and the US dollar will be rapidly degraded, finally winding up as worthless as the derivatives trash that the Geithner Treasury stupidly and recklessly intends to repackage.

Just as, on 2nd September 2006 and again with our ‘train wreck’ warning articles in June and July 2007, we accurately predicted the SYSTEMIC FRAUDULENT FINANCE CRISIS that has indeed ensued as a specific consequence of the corruption of the CIA-Citibank-Bush-Clinton Crime Nexus, so we hereby predict that the consequence of the Geithner Treasury’s intended Ponzi operations will guarantee a ‘wheelbarrow’-style hyperinflation in the United States and therefore in other parts of the world, as well. That this will occur if such madness proceeds, is A CERTAINTY.

We further conclude as follows:

• The Geithner Treasury has no intention of implementing the Group of Seven-Approved Private Sector Refunding Programme using transparent, taxable capital markets operations on-balance sheet, as agreed by the Group of Seven Financial Powers in 2007 and 2008, and underpinned with The Queen’s LOAN funds of about $6.2 trillion, in accordance with the instructions issued from the highest level in London ‘per the request/affidavit dated 29th December 2008’.

These instructions merely indicated how the Refunding was to be operated, but the provision of the LOAN was extended as a gesture of friendship and solidarity by the British Monarch by way of assistance to the Group of Seven Financial Powers and for NO OTHER REASON. The lender is of course entitled to stipulate how her funds are to be deployed.

• Since the course to be adopted by the Geithner Treasury will simply pile bad US debt upon debt upon bad debt, the impact of the intended US official Ponzi financing operations will be superficial, temporary and disastrous. You cannot refinance lowest-grade debt soundly by repackaging it to falsely represent that it is not lowest-grade trash by creating more debt by an order of magnitude.

• And you certainly cannot repackage BAD DEBT, TRASH THAT HAS NO VALUE AT ALL, into ‘good’ debt by waving a magic wand and asserting in the false prospectus that ‘it’s OKAY, because the Government insures and guarantees the new debt instruments’, which is what they intend to do.

• There will accordingly be NO DIFFERENCE between the intentions and behaviour of the Geithner Treasury and Bernard L. Madoff’s giga-Ponzi operations [see the alphabetical list of Madoff Ponzi ‘victims’ posted on this website on 6th February, in two segments].

Both, like Charles Ponzi himself, presented a FALSE PROSPECTUS which fooled some investors for a while, but ended in disaster.

THE GEITHNER TREASURY’S INTENDED PONZI SCAM OPERATIONS WILL LIKEWISE END IN HYPERINFLATIONARY COLLAPSE. A ‘WHEELBARROW’ FUTURE WILL BECKON.

•FACT: The Ponzi modus operandi, whether maintained as the model or ‘degraded’ to become outright theft with no repayments contemplated, is always driven from the outset by the absolute imperative of OPENING UP NEW SOURCES OF FINANCE.

This is what the Geithner formula will do, too. It will be recalled from the classic Ponzi model that once Charles Ponzi realised that his investors didn’t care a fig about his Postal Reply Coupons spiel, he dropped it altogether and changed his prospectus.

The changed prospectus made no mention of Postal Reply Coupons or any other mechanism, and instead focused exclusively on rates of return, which by now Ponzi realised were the sole concern of his ‘investors’. All they wanted was a fat rate of return, and Ponzi surmised that they didn’t care how it was achieved: exactly the same principle as was deployed by Bernard L. Madoff, who told his Ponzi participants not to ask questions, but to take their money and be grateful it was so generous.

• The operatives behind the intended massive US Treasury Ponzi marketing operation are of course the usual suspects: Dr Ben Bernanke, Chairman of the Federal Reserve Board; Timothy Geithner, his colleague from the Federal Reserve Bank of New York; the Clintons (acting for the Rockefellers); the Bush Crime Family and James A. Baker III; Henry M. Paulson; and the retreads in the Treasury and from the decadent Clinton era. Yes, we are rude about these people because they know perfectly well that what they are doing is reckless, selfish and wrong: but they carry on doing it anyway. They prefer to follow the yellow brick road, rather than to adopt the sensible on-balance sheet course requested by the G-7 and The Queen, WITH NO STRINGS ATTACHED.

• It is highly unlikely in our opinion that the Group of Seven Financial Powers are going to ‘buy’ this latest Treasury scam, which will dwarf all preceding Ponzi operations in history in terms of size.

• Nor do we imagine that other financial powers will be conned, although it is possible that the severe difficulties being faced now by China and Russia may have influenced their prospective responses. If so, they will be sorely disappointed and will reap the adverse consequences of any support they may be giving the Geithner Treasury behind the scenes in respect of this foolish and reckless departure. Everyone who is not mentally defective can see how reckless this is.

• There are multiple signs that the President Obama may not understand or may not have been reliably briefed, on what his duplicitous policy team have in mind. Assuming this perception to be accurate, President Barack Obama is indeed the ‘Mr Nice’ front man, talking ‘transparency’ until he appears translucent, while the man with the axe stands behind him.

• The man with the axe is the former tax-evader, Mr Timothy Geithner.

TEN FURTHER PONZI SCAMS READY TO ‘BLOW’ IN EUROPE
Anyone who has taken the trouble to peruse the list of Madoff Ponzi ‘victims’ posted here on 6th February 2009 [see our Archive: Two reports listing ‘victims’ alphabetically: A-N and O-Z], will be staggered at the repercussions of that Ponzi exposure alone.

But Harry Markopolos, the brave expert ‘whistleblower’ and investigator, who now fears for his life and the lives of his family members, testified before Congress during the same week ending on 6th February that there are at least TEN MORE PONZI SCHEMES waiting to ‘blow’ in Europe, following the recent Madoff exposures. Imagine, therefore, TEN TIMES THE VOLUME OF VICTIMS THAT YOU CAN READ ALL ABOUT IN OUR TWO POSTINGS DATED 6TH FEBRUARY 2009.

So, the Geithner Treasury is proposing to launch its own Super-Ponzi operation into the whirlwind of innumerable collapsing Ponzi schemes all around it? Does Mr Geithner fancy being impeached?

• Somehow, we don’t think that this scheme can even get off the ground.

REQUEST THAT THE G-7 REFUNDING SHOULD BE RUN OUT OF LONDON
In view of the foregoing, Michael C. Cottrell, B.A., M.S., requests that the intended Private Sector Capital Markets Refunding Programme approved by the Group of Seven Financial Powers, using fully taxable, transparent on-balance sheet Capital Markets operations yielding REVENUE, rather than an endless SEA OF DEBT which is what the false prospectus to be launched by the Geithner Treasury will achieve, should be implemented in accordance with the existing instructions ‘per the request/affidavit dated 29th December 2008’, but run out of London.

The instructions by the British pro bono publico sponsor require these on-balance sheet Capital Market transactions based on the underlying $6.2 trillion to be handled by Mr Cottrell through his firm Pennsylvania Investments, Inc., ‘per the request/Affidavit dated 29th December 2008′.

The thinking here is that since the Geithner Treasury will, on the basis of what is now known, be disregarding the G-7-Approved on-the-books Private Sector Capital Markets Refunding Plan, the world now faces an unavoidable degradation of the US dollar system in the awful context of the prospectively vast ballooning of Treasury debt, and the proliferation of funny money generated by wholly fraudulent Ponzi scamming operations – with accruals continuing to be illegally accumulated untaxed, off-balance sheet, as before.

It will be fraudulent Ponzi ‘business as usual’ but on a more permissive scale than ever before, with all prudence thrown to the winds. There will have been no clean-up whatsoever, and the Obama Presidency will be destroyed along with America itself. A one-term Presidency? Mr Obama will be lucky, in these circumstances, to remain in charge for a full term.

Manifestly, this is a recipe for guaranteed disaster: and since it seems highly improbable that the Geithner Treasury’s intentions will meet with Group of Seven approval, the revised and existing instructions to implement the on-the-books capital markets operations should preferably go ahead on the competitive basis that GOOD MONEY PUSHES OUT BAD.

In other words, since the US Treasury intends to proceed with a reckless formula, repackaging bad ‘assets’ by buttressing them with an insurance wrap, and calling bad assets very good, the sensible course of action for the Group of Seven Financial Powers with the freely offered goodwill of The Queen, will be to compete with this nonsense by generating GOOD MONEY on balance-sheet – a process which will force the US Treasury’s reckless Ponzi operations to grind to a halt.

This will occur because, in the context of on-the-books, fully taxed Capital Markets Operations run out of London, the new fraudulent Geithner US Treasury capital markets instruments consisting of relabelled, worthless non-assets, will fail – due not least to lack of demand.

After all, who and which country in their right mind would want to acquire portfolios of repackaged US bad-money trash Treasury debt assets, and worthless Treasuries, when clean, good-money assets generated on-balance sheet after tax are available as an alternative?

The US Treasury/Federal Reserve ‘solution’ of pouring more and more bad money after bad money appears to be the product of people whose pride has got the better of their ability to think straight, and who cannot face the thought that they must abandon their Ponzi-model Fraudulent Finance, because it means inter alia that the vast, corrupt CIA ‘State within the State’ will no longer be able to finance many of its nefarious operations independently of Congress.

CRIMINAL FORCES ARE PEDDLING THE INVERSE OF THE TRUTH
Given this background, it is no surprise to find that certain propagandists are portraying the situation as the precise inverse of reality.

According to the deceptive interpretation du jour, the one power in the world that is INSISTING upon implementation of the G-7 Private Sector Capital Markets Refunding Programme on the books, as agreed by the financial powers in 2007 and 2008, is portrayed as blocking resolution of the global crisis. This is A BIG, DELIBERATE LIE.

It is then falsely extrapolated that ‘it may be necessary to bankrupt the United Kingdom in order to overcome this obstacle to resolution’. Nice people, aren’t they?

What they say is the precise reverse of the truth.

The TRUTH is that the corrupted forces, headed by the ‘Black’ US intelligence communities which finance their usurped ‘State within the State’ hegemony by means of the epidemic (which the CIA sponsored in the first place) of Ponzi-model Fraudulent Finance that is now crashing around their cloth-ears, are STILL resisting the G-7’s requirement for transparent, private sector on-balance sheet, fully taxable capital markets operations generating REVENUE to become the standard once again, as a corollary of which the ‘GOOD’ money generated by these transparent transactions will of course DRIVE OUT THE BAD, FOUL MONEY manufactured by the falsely legitimised but still illicit off-balance sheet, untaxed, surreptitious Ponzi-model derivatives trades.

In other words, these forces deny that we face a SYSTEMIC FRAUDULENT FINANCE CRISIS for which they themselves are responsible, and seek to continue their Fraudulent Ponzi Finance operations as though there had been NO DISCONTINUITY.

But their Ponzi model has COLLAPSED and cannot continue without leading the United States and the whole world into a ‘wheelbarrow’ future, with already degraded Treasuries and the US dollar acquiring a status comparable to ‘derivatives’ assets which are WORTHLESS.

‘Revaluing’ such TRASH assets by relabelling them by means of an official imprimatur represents a grotesque deception on the world and a false prospectus, courting the likelihood that the new US Treasury instruments will be shunned by foreigners WHO DO THEIR DUE DILIGENCE.

We are aware of the sources of this deliberate disinformation. They are preparing the ground for a corrupt ‘resumption’ of Fraudulent Ponzi-model Finance in the spring, on a colossal scale, in order to ‘swamp’ the insistence by The Queen that the will of the G-7 Financial Powers that on-balance sheet capital markets transactions should become the standard once again.

In other words, the only power in the world who is standing for the Rule of Law is The Queen: Hence the lies that are being promulgated by those who are suggesting that Britain should be bankrupted in order to overcome this opposition to the intentions of the criminalist forces whose interests these propagandists serve.

ENGINEERS OF A RESUMPTION OF FALSE PONZI-MODEL FINANCE
Those most clearly identifiable as engineers of the crass intention to persist with the Ponzi model are Dr Ben Bernanke, Chairman of the Federal Reserve and his predecessor, the recently recuffed Dr Alan Greenspan; Mr Robert Rubin, Clinton’s ‘Money Manager’, especially while he worked inside Citibank; Mr Timothy Geithner, former President of the Federal Reserve Bank of New York which sanctioned and participated in massive Fraudulent Finance operations; Mr Paul Volcker, the former Chairman of the Federal Reserve Board, who spent some time investigating the Saddam Hussein oil scandal but didn’t do his job properly because George H. W. Bush Sr. was getting his kickbacks from Saddam Hussein; and specifically, Mr Rahm Emanuel (ex Wasserstein Perella & Co.) who, like Hillary Clinton, knows all about the sudden death of Vincent Foster.

These and others, such as Leon Panetta, the CIA Director, who may have covered up the TWA-800 atrocity, are gravely tainted by the activities of previous Administrations since 1981 and may well have been instrumental, at the very least, in seeking ‘safeguards’ to ensure the demise of, or to sabotage the intended effectiveness of, the G-7’s Private Sector Capital Markets Refunding operation to refinance the US dollar and the world trading system.

• The language used here is deliberately ‘mild’.

WHY THE CIA INSISTS THAT PONZI FINANCE MUST CONTINUE
We do not really need any rationalisation of our presumption that the new young President is being double-crossed and deceived by the representatives within his entourage of the ‘State within the State’ – the Intelligence Power which controls the Federal Government (not the other way round) and which has a vested interest in preserving and expanding the Ponzi Fraudulent Finance orgy that it sponsored in the first place in order to establish its independence from Congress.

The CIA and associated intelligence community elements are insistent that the reckless debt-financing environment should remain untouched, because their Fraudulent Finance operations, including drug-trafficking, are the basis of the CIA’s arrogant power as the recalcitrant and wholly amoral ‘State within the State’. By means of financial fraud, the CIA, as the clandestine arm of the Executive Branch, has long since procured de facto independence from Congress – although of course it indents annually for $30+ billion of pocket money from the taxpayer.

Hence, the interests of the ‘State within the State’ and the criminal enterprise banks coincide: both remain hell-bent on proliferating the Ponzi financing model, in reckless disregard of the extreme risks that are being run in doing so.

They both intend to perpetuate the Bush-Paulson Ponzi scamming environment by launching new Treasury instruments with an insurance wrap which will actually represent repackaged toxic and worthless derivative non-assets revalued by Treasury fiat, with massive flows of Federal Reserve credit being poured into the Treasury which will be marketing instruments labelled ‘OKAY’ solely on the say-so of the US Government’s guarantee (insurance wrap).

GEITHNER PROSPECTUS WILL BE FRAUDULENT AND FALSE
However since the underlying repackaged derivatives ‘assets’ represent worthless trash, this intended Treasury Prospectus will be wholly false.

The misleading and therefore fraudulent label ‘backed by the US Government’ (the Full Faith and Credit of the United States), will not ‘fly’ for long, if at all – given that the G-7 Financial Powers are all aware that the intended new Geithner US Treasury operations DO NOT MATCH THE ON-THE-BOOKS FORMULA THAT WAS AGREED BY THEM IN 2007 AND 2008, and bankrolled by The Queen.

On the contrary, the degraded capital markets instruments based on derivatives trash that the Geithner Treasury will be marketing will not be protected by the ‘insurance wrap’ within which they will be packaged, because such instruments will simply generate vast accumulations of NEW U.S. TREASURY DEBT which will degrade Treasury securities themselves to trash status, and the US dollar with them. So the US guarantee will wind up worthless.

The consequence will be a hyperinflation, even though the thick-heads in the Treasury and other official advisers obviously imagine that it’s safe to proceed in this manner because the world is on the verge, as Gordon Brown said recently in the House of Commons, of a depression (a grim view echoed in Kuala Lumpur on 7th February by the Managing Director of the International Monetary Fund). The fallacy there is that the intended Treasury Ponzi orgy, if it takes off (which is in doubt), will itself inflate the dollar money supply on a scale with no precedent. The depression in the real economy will simply coexist with the inflation of the dollar money supply.

Some idea of the likelihood of the Geithner Plan proving a comprehensive flop can be gained from remarks by Thomas Patrick, a derivatives expert and Chairman/Founder of New Vernon Capital. In an interview with CNBC on 6th February 2009, Mr Patrick said:

‘Between June 2006 and March 2007, Merrill Lynch issued Super-CDOs and CDOs from $4.0 billion to $60 billion and NEVER SOLD A BOND‘.

According to Mr Patrick, that is when Merrill Lynch committed suicide.

ANOTHER SIGN THAT CORRUPT ‘BUSINESS AS USUAL’ IS INTENDED
Meanwhile the inter-dealer broker Icap and a consortium of banks were said on 3rd February in London to be preparing a bid for the clearing house LCH.Clearnet in anticipation of what they expect to be a regulatory overhaul of the credit derivatives market. This information emerged in Britain after it became known that the US Depository Trust and Clearing Corporation (DTCC) which, as reported earlier, is owned by the big US money Center Banks and at least one huge European institution and guarantees the derivatives contracts that it handles (by settling them), had made a provisional offer for LCH.Clearnet which would give the DTCC a complete monopoly of derivatives trades, as well as creating the world’s largest firm specialising in the processing of trades in stocks, bonds and currencies.

But Icap and more than ten other banks which are LCH.Clearnet shareholders were reported to have prepared a separate bid for the entity. A spokesman for Icap said that Governments ‘want clearing extended to large parts of the over-the-counter market and the consortium would like to support LCH.Clearnet in this area’. Separately, a US analyst opined in this context that ‘if you aren’t part of the solution, there is a big risk you could be left out and your business model could be challenged. Icap cannot afford to miss out’.

Such reports make it clear that those involved in the illicit, surreptitious, untaxed, off-balance sheet over-the-counter derivatives business, the trades of which cannot be traced, are gearing up for a renewed burst of activity in derivatives – adding to the prospective toxicity of the banks’ balance sheets and magnifying the already horrendous proportions of the financial and economic calamity. Talk of a ‘solution’ along these lines among the corrupt banks responsible for the mad excesses of their Ponzi financial frauds indicate that lessons have not been learned and that the intention is indeed to proceed towards a ‘wheelbarrow future’. No wonder the new President finds himself boxed inside his new ‘prison’.

And the Geithner Treasury appears itself to be preparing yet another Ponzi scheme, the biggest financial fraud in world history. So this would be ‘business as usual’ given that, as stated above, the forthcoming issue of our financial journal International Currency Review will prove that the Paulson Treasury’s so-called TARP scheme was designed:

(a) To inject value into worthless derivative ‘Structured Products’ and:
(b) To bail out and benefit Carlyle and Carlyle Capital, plus insiders George H.W. Bush Sr., James A Baker III and other corrupt operatives who remain inexplicably free to continue their Fraudulent Finance operations despite the fact that they are courting the total disintegration of the financial and economic system and the destruction of their own ill-gotten ‘wealth’ in the process.

THE IMPERATIVE AND INDISPENSABLE NEED FOR A BREAK WITH THE PAST
It is not for these discredited instutions, criminal enterprises in some cases, many of which are plainly surplus to the requirements of the real economy as they consume resources to play paper games with Monopoly Money instead of helping to finance real productive economic activity – to pre-empt matters by presuming that the Fraudulent Finance model is to continue. Are they gearing up for such activity to be carried on transparently, on balance sheet, with all trading accruals to be available for taxation, and zero accruals stashed away in secret offshore bank accounts? Nowhere in any of the reports on this subject have we seen a SINGLE mention that future derivatives deals are to be conducted in the open and transparently, in accordance with the Rule of Law.

That’s because they are all FRAUDULENT.

PRESIDENT OBAMA SABOTAGED BY HIS ENTOURAGE
Even prior to the CNBC revelation, anecdotal evidence suggested that President Obama’s entourage had been trying to block implementation of the endlessly delayed Private Sector Capital Markets Refunding Programme because the entourage defers NOT to the President of the United States, but rather to the arrogant Intelligence Power that selected him, groomed him and placed him there, even if he may have been unaware of this reality.

• There is NO DEMOCRACY in the United States. Elections are all paid, false front operations to ‘legitimise’ a fait accompli demanded by the Intelligence Power.

SIGNS OF OBAMA’S REQUIREMENTS BEING UNDERMINED
There have been many indications that the President’s entourage is sabotaging his agenda, from which we can select the following telling examples:

• According to ‘special’ sources, access to the new President is precluded altogether by the CIA and the National Security Council (NSC). Therefore, he cannot call upon advice from outside the circle of operatives by whom he is surrounded. This may usually have been the case with US Presidents, but we have been specifically informed that IT IS MUCH WORSE UNDER OBAMA.

• The withdrawal of her nomination as Government Performance Officer by Ms. Nancy Killefer, a Treasury compliance officer with a formidable reputation for having things done in accordance with the Rule of Law (we understand), because it transpired that she owed less than $1,000 in State tax arising from a ‘household help’ issue, is consistent with our reading of the situation stated above.

WHY? Because, consider:
DO THE REPRESENTATIVES OF THE PETRIFIED INTELLIGENCE POWER RELISH THE THOUGHT OF COMPLIANCE WITH THE RULE OF LAW?

Don’t ask stupid questions. The CIA uses ‘national security’ as blanket cover for its endless crimes.

And: if it was OKAY for Mr Timothy Geithner to be confirmed by the Senate after having failed to pay back taxes of $34,000 plus penalties, WHY WAS IT NOT OKAY FOR MS. KILLEFER to be appointed, as she owed less than $1,000?

WHY did she withdraw? Obviously, because she was subjected to some form of pressure, or else because it was pointed out to her that since the Treasury would be disregarding the on-the-books capital markets operations requested and preferred by the Group of Seven Financial Powers, there would be no rôle for her talents in the Administration.

The lady pointed out that given her intended rôle, she had to be whiter than white. But the tax omission of which she was accused was so fanciful as to represent a clear stitch-up. At any given tick of the clock, every taxpayer in the United States owes some back taxes.

All things considered here, therefore, we interpret this development as a conspicuous victory for the representatives of the ‘Black’ Intelligence Power who have remained hell-bent on sabotaging and frustrating the will of (a) the President of the United States and (b) the international financial community represented by the Group of Seven leading Financial Powers.

• To round off this picture for now, President and Mrs Obama received a visitor at the White House on 5th February 2009 called Tony Blair, the disgraced and discredited former Prime Minister of the United Kingdom of Great Britain and Northern Ireland. Barack Obama made a generous statement praising Mr Blair, which one must presume represents an outpouring of genuine politeness and natural goodwill on the part of the President.

However as we reported at the time, Tony Blair was cornered by investigators last autumn and, as a consequence, ‘rolled over’ on the perpetrators of criminal Ponzi-model finance within the Octopus. On Remembrance Sunday in November – an extremely important event in the British calendar and especially in the diary of The Queen – Tony Blair was not present. On that solemn occasion, the Top People join The Queen afterwards for a reception.

• Mr Blair was advised that his presence would not be appreciated. We reported this later: and the message should have been lost on nobody.

So what was this wholly discredited British crook doing embracing Mrs Obama in the White House? Without obviously knowing the answer to this question, we can conclude here by observing that it would be in character with Blair to upstage The Queen by walking boldly into the White House, as though his reputation and status had not been tainted in any way.

But more to the point, since Blair, with Bush Sr., facilitated the wholesale exploitation of London as the primary Fraudulent Finance platform, and the Bank of England’s Birmingham-based back office financing operation under Carl Daniels, using a known British drug-trafficker out of the CIA money-laundering base in Monaco, for the purpose, Blair’s appearance at the White House represents a deliberate snub by the criminal operatives to The Queen, consistent with the reckless decision by the Geithner Treasury to proceed in accordance with the ‘Black’ requirements of the ‘State within the State’ that Ponzi-style derivatives-based deficit-financing must continue until the end of the solar system – and to disregard the G-7-Approved Refinancing Programme deploying the funding provided pro bono publico by The Queen, ‘in the interests of the whole of humanity’.

OBAMA WANTS TRANSPARENCY AND THE RULE OF LAW: HIS PERSONNEL DISAGREE
Contrary to the knee-jerk opinions of the usual jaded American cynics, President Barack Obama is not ‘Clinton with a brown skin’. This highly intelligent former President of Harvard Law Review is genuinely interested in TRANSPARENCY and the RULE OF LAW, and he signalled as such with his early Executive Orders. Cynics would have their audiences believe that Obama is a fake, but we disagree. And it will emerge in due course that our assessment here is correct.

We know for a fact that both prior to and following his Inauguration, the President tried to insist upon implementation of the Group of Seven-Approved Refinancing Programme, which would generate TAXABLE REVENUE, in contrast to the intentions of the people surrounding him, who remain hell-bent on running the parallel system we wrote about in 2007, which generates DEBT.

Following the seizure of the ‘Safety Lock Boxes’ in London on 2nd June 2008, the stolen and other collateral held in the 7,000+ boxes which sustained the Fraudulent Finance operations run out of London and Birmingham (through the corrupt Bank of England’s back office presided over by Carl Daniels), was no longer available to sustain the illicit carousel and the interbank sector.

INSTEAD, INTERBANK LOANS WERE NOW FUNDED BY DRUG MONEY
On 25th January, Reuters reported that Antonio Maria Costa, the Executive Director of the Vienna-based United Nations Office on Drugs and Crime (UNODC) had stated, in an interview released by the Austrian weekly ‘Profil’, that it had indications that illicit drug-trafficking proceeds had been used to keep banks afloat when other sources of funding ran dry last year. Specifically:

‘In many instances, drug money is CURRENTLY the ONLY liquid investment capital. In the second half of 2008, liquidity was the banking system’s main problem and hence liquid capital became an important factor’.

His organisation had established that:

‘Interbank loans were funded by money that originated from drug trade and other illicit activities’. There were ‘signs that some banks were rescued that way’.

• FACT: The Editor has been monitoring the financial sector for 38 years. Although it is very clearly revealed in The New Underworld Order that the US Government is heavily engaged in drug trade operations, and that the drug money flows are a primary source of funding for mad and degenerate World Revolution activities generally, as you know not the slightest attention is taken, however tight the underlying research, to such assertions unless officially confirmed.

Here, for the first time in this Editor’s long experience, we have a top United Nations official going out of his way to reveal that his organisation found that interbank transactions in the second half of 2008 were being financed by drug money flows. AND STILL ARE.

Let’s stop here for a moment:

• FACT :
Banks that have handled flows of drug-trafficking proceeds in order to sustain their operations are CRIMINAL ENTERPRISES, which should be prosecuted for their crimes.

• If law enforcement was doing its job properly, it would need to contact all such institutions and get them to answer specific questions on this score. This would be a problem inter alia for Bank of America and Citibank, the two hitherto biggest CIA institutions, given that the Central Intelligence Agency is a notorious criminal enterprise that is heavily engaged in drug trafficking operations.
[see: The New Underworld Order].

Before a certain US intelligence operative double-crossed the Editor of this service and stole his $35,000 plus interest, he commented, on one occasion: ‘Don’t go after the drug people or they will kill you’. The Editor took careful note of this comment: so here was an arena which was taboo, out of bounds and which, as we now know from the foregoing confirmation by a top UN official, has been propping up the banks.

• This has been happening because other sources of cash dried up.

THE ‘LOCKDOWN’ OF $14 TRILLION EFFECTIVE 12TH SEPTEMBER 2008
With the seizure of the stolen and other collateral held in the 7,000+ seized ‘Safety Lock Boxes’ in Central London on 2nd June 2008, the next body-blow to the carousel was delivered, as previously reported by this service, on 12th September 2008. On that date, the $14.0 trillion of real cash-cash funds previously referenced by this service, were placed into ‘lockdown’. That was done because these LOAN and other earmarked funds were being deployed irregularly, once again, as the base money to finance the carousel and prop up the Ponzi derivatives operations.

Of the $14.0 trillion, $6.2 trillion had been provided by the goodwill of The Queen in response to the Group of Seven Financial Powers’ wish that the decadent US dollar system needs urgently to be re-based, refunded and provided with a means whereby actual taxable REVENUE is generated in the private sector on a scale commensurate with the enormity of the task.

This was to be done by means of new capital markets operations OUTSIDE THE U.S. TREASURY, with THE CRUCIAL DIFFERENCE compared with what has been going on during the past two+ decades, that this activity will be taxed, TRANSPARENT and consistent with the RULE OF LAW which President Barack Obama has correctly identified as the desired hallmark of his Presidency.

‘STATE WITHIN THE STATE’ JEALOUS OF ITS FRAUDULENT FINANCE
But the operatives surrounding him (placed there by the jealous ‘State within the State’ Intelligence Power that controls the Federal Government) intend to CONTINUE WITH THEIR CORRUPT OFF-BALANCE SHEET FRAUDULENT FINANCE OPERATIONS.

As indicated above, the underlying reason for this is that the ‘State within the State’, the corrupt and over-powerful drug-running intelligence community, FINANCES ITS EVIL OPERATIONS OFF-BALANCE SHEET, having become wholly independent of Congress for finance, for many years.

This does not, of course, prevent it from indenting every year for billions of dollars from the Congress and the US taxpayer, even though it actually needs NO MONEY FROM THE TAXPAYER because it has perfected all these Fraudulent Finance Ponzi schemes whereby money is stolen on a prodigious scale, and leveraged and hypothecated to generate vast hidden and untaxed accruals that are routinely stashed in offshore bank accounts of spurious corporations ostensibly owned by intelligence operatives who by definition are liars and deceivers.

So, what the global crisis is really all about is the fear of the petrified CIA that its free-wheeling ‘State within the State’ power is in danger of being pulled. As it should be.

• Indeed, we repeat here what we have said elsewhere: NOTHING can go right in the United States until this corrupt ‘State within the State’ is cut down to size, even though this was not the original objective of the G-7 Financial Powers. Their purpose was to revalidate TRANSPARENCY.

Because, when the intended on-balance-sheet REVENUE-producing capital markets operations start up, the cash-cash generated by such operations will of course be REAL MONEY, and as we all know from school, GOOD MONEY PUSHES OUT BAD.

Accordingly, a vicious rearguard operation is observable, perpetrated by Utah, Bank of America, Citibank, probably also the Vatican, and other ‘Black’ Fraudulent Finance kingdoms, counterparties and ‘commitment holders’, to ensure that the Ponzi-model Fraudulent Finance operations continue on a more comprehensive and destructive scale than ever before.

FLURRY OF ACTIVITY TO PRESERVE FRAUDULENT FINANCE PONZI OPS
As indicated above, we understand that frenetic attempts are therefore being made at this time to plaster the ‘marketplace’ of counterparties and prospective ‘commitment holders’ with proliferating new ‘investment opportunities’ that fly in the face of the logic and imperative of the Private Sector Capital Markets Refunding Programme – the apparent intent being to smother the ‘argument’ and to ‘preserve’ Fraudulent Finance into the future ‘because it cannot be stopped’ as so many parties are involved in it. The Geithner Treasury evidently intends to ‘validate’ such a presumption.

Actually, it is precisely because so many parties have got their fingers burned that those parties that stand to lose most from the inevitable eventual total CLOSURE of the Fraudulent Finance epidemic, whether as a consequence of an unprecedented calamity or by enforced agreement, are trying to blanket the world with Ponzi offers, AS THOUGH THERE’S BEEN NO DISCONTINUITY.

But there HAS been a discontinuity, as President Obama understands. Unfortunately, those who surround him have so far given every indication that THEY DO NOT UNDERSTAND THAT THERE HAS BEEN A DECISIVE DISCONTINUITY and that the ‘State within the State’s’ Ponzi operations have been exposed and cannot be reconstituted as before with impunity.

IF THEY THINK A TRADE-OFF IS POSSIBLE, IT WILL SOON BE WHEELBARROW TIME

HOW THE INTELLIGENCE POWER MAY BE CONTROLLING THIS PRESIDENT
The subtle serpent called the Intelligence Power (which, by the way, has been ‘explaining’ to our gullible British newspaper readers why ‘extraordinary rendition’ has to continue, the pretext being that ‘you have to retain some tools to entrap those bad guys’), has seen to it that the United States has an engaging President with two young children whom he adores. That’s all that the Intelligence Power ever needed. And here’s why.

During the early years of the Editor’s background research, one of his US contacts (who filed daily reports to the CIA about the Editor’s enquiries) pointed out that ‘they target the children’. And that is true. These devils target innocent children, for paedophilia and especially, in this context, for control purposes. They don’t even need to hint at a threat, because this method is so well known within these demented circles, both inside and beyond the Beltway. Therefore, they instal a young President with two young children, and proceed, thereafter, to do almost exactly as they please.

INTELLIGENCE POWER DEVALUING THE PRESIDENT’S TRANSPARENCY DRIVE
If you are a totally jaded American cynic you will long since have concluded that Barack Obama is himself part of the problem. This is understandable in view of the charlatans who have held office since President Carter, but in our considered assessment, the jaded view is INCORRECT.

This is born out by what we know about the President’s reaction when the Bush Crime Family tried to bribe him on 10th November 2008, and the President’s requirements and Executive Orders, and about his relations with President Nicolas Sarkozy of France, with whom he has reportedly been co-operating closely in a joint offensive to end the intolerable sabotage of the Private Sector Capital Markets Refunding and the Settlements payments by those forces, partly identified above, who may have refused to accept that there has indeed been a decisive discontinuity, that their playtime is over, and that they have run out of rope.

Because we knew some of this earlier, we used the crude metaphor of it being unclear whether the United States and the Rest of the World, having jumped out of the Bush frying pan, was or was not about to fall headlong into the fire. Right now, we would extend that metaphor by elaborating that having hovered in mid-air for many weeks, we are now tumbling towards the fire but haven’t yet actually fallen into it. An invisible hand appears to be preserving us from that grim fate, but if the Geithner Treasury has its way, it will be removed.

If the invisible hand (i.e., common sense) is withdrawn, irrespective of the hype surrounding the prospective launch of the biggest Ponzi scheme in history, a number of VERY LARGE PONZI-MODEL FRAUDULENT FINANCE SPECIALIST INSTITUTIONS will collapse with such suddenness and with such horrendous consequences that there will be NOTHING any government, let alone the redundant and slow-moving European Union COLLECTIVE, can possibly do about it.

• IN THAT EVENT, ALL INTERNATIONAL RELATIONSHIPS, GLOBALISM, THE WORLD TRADING SYSTEM, BILATERAL RELATIONS, THE INTERNATIONAL MONETARY SYSTEM, INTERBANK OPERATIONS AND EVEN INTERNATIONAL COMMUNICATIONS WILL BE JEOPARDISED AND PROBABLY DESTROYED.

• ALL MULTILATERAL INSTITUTIONS WILL CEASE TO BE ‘RELEVANT’.

• It will then be time for our orchard’s wasted apples to be gathered every year, instead of us all buying imported apples, which is absolute nonsense given that Britain grows beautiful apples.

• All factories reliant on ‘just-in-time’ inventory control will fold because they won’t be able to import urgently needed spare parts for their production lines.

Und so wieter. A report showing IN GREAT DETAIL that ‘High-Yield Investment Programs’ are Ponzi scams is in preparation and will be published on this website at an appropriate stage quite soon. The Geithner Treasury development has intervened, so the information we were intending to publish on this subject in this report, is having to be held over for the time being.

• POSTSCRIPT: ‘THE FILLING IN THE HOLES’ LIE
In 2006 and 2007, as the Ponzi scamming operatives in the White House, at the US Treasury and elsewhere continued their corrupt behaviour, one of the ‘lines’ fed to us by US sources was that the Settlements were being held up ’while they fill huge holes in the accounts‘. This was another typical piece of duplicitous misinformation. Taken literally, the statement was not untrue. But the sense was deliberately misleading. For what was meant, of course, was that the ‘holes’ that needed to be filled were payments to unwitting participants in the Ponzi chain.

• We recall the identities of all those who fed this particular lie to us.

• INTERVENTION ON SUNDAY 8TH FEBRUARY BY MR LAWRENCE SUMMERS:

Following the ‘pulse’ stealing of the critical text and diagram from our main production computer on Thursday 5th February [see above], and given that transcripts of our telephone conversations are sent to the White House, the facts that we were about to publish an issue of International Currency Review exposing the derivatives Ponzi-model carousel as fraudulent, and that we were also going to publish the present report publicising this fact, became known ‘by the people who matter in Washington’, to coin a phrase.

In other words, these policymakers realised that we were about to trash their trash instruments, which wouldn’t be in accordance with their preferences, given that we have been told that this website is read all over the world ‘in places where it matters’, to coin another phrase.

The first sign of a possible last-minute change of heart was publicised when Bloomberg reported at 10:15 EST on Sunday that Geithner would be speaking about the Obama Administration’s bailout plan on Tuesday 10th February, NOT 9th February as stated by CNBC at 3.15pm EST 6th February.

But in fact it appears that Mr Lawrence Summers, Director of the National Economic Council, was ordered to appear on ABC’s ‘This Week’ Program in order to spike THIS WEBSITE POSTING. You can see that this may have been the case by reading the full Bloomberg report of 8th February:

GEITHNER TO SPEAK FEB 10 ON BANK BAILOUT, SUMMERS SAYS

By Ann Hughey

Feb. 8 (Bloomberg) — Treasury Secretary Timothy Geithner will speak about the Obama Administration’s bank bailout plan on Feb. 10, Lawrence Summers, director of the National Economic Council, said on ABC’s “This Week” program.

Geithner had been scheduled to speak on the plan tomorrow.

“I think there’s a desire to keep the focus right now on the economic recovery program, which is so very, very important”, Summers said on the program.

“The focus is going to be on increasing the flow of credit and doing it with transparency, with accountability for those who receive support, and with a kind of consistency that, frankly, we haven’t seen so far”.

Last Updated: February 8, 2009 10:15 EST

WELL, WELL, WELL.

Transparency? Accountability? Consistency? Let the whole world see it, please.

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

LEGAL TUTORIAL: The Steps of Common Fraud:

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

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

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

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

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

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

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

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

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

FRAUDULENT CONVEYANCE:

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

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

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

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

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

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

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

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

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

QUEEN CANCELS DUBAI STATE VISIT AFTER THEFT

MASSIVE SUM TRANSFERRED ILLEGALLY FROM CITIBANK LAST WEEK

Saturday 7 February 2009 23:45

IF MONEY HAS NOT BEEN RECOVERED, CITIBANK MAY BE UNABLE TO OPEN ON MONDAY

FBI TOLD TO ARREST GREENSPAN IN CONNECTION WITH THIS COLOSSAL HEIST

SYSTEMIC FRAUDULENT FINANCE CRISIS WORSENS DRAMATICALLY BY THE DAY

• MADOFF ‘VICTIMS’ LIST: Two reports were posted on 6th February 2009 containing the entire list of customers of Bernard L. Madoff Securities, Inc.. Because the list is so huge, we divided it into two segments: Clients A-N; and clients O-Z, plus a Miscellaneous section. See: Archive.

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

• ATTACKS BY ANONYMOUS U.S. SPOOKS AND COWARDS who are too scared to reveal their coordinates and identities are by definition, as we have pointed out before, spurious and of zero credibility. Instead of getting in touch with us by email, telephone, fax or via the website, i.e. via FOUR means of direct communication, they prefer to traduce the Editor anonymously in order to attempt to inflate an innocent mistake into a lie, plagiarism or any other abomination that arises in their cowardly brains. These Agency-sponsored anonymous confusion, distortion, diversion and misrepresentation specialists are low snoopers who trawl through an honest text to see if they can identify an error, so that they can then divert attention from the primary information carried in the report, tar the source with a brush smelling of their own rancid mentality, and magnify their findings in a joyous outpouring of self-righteously hypocritical finger-pointing.

If you can be troubled to go to the foot of this report you can see that the dreadful error has been removed. We have established that our usually reliable source delivered the information to us in a manner which masked the date of the information. The Editor is responsible for his own mistakes and of course accepts 100% of the blame for this error.

However what readers should pay attention to is the fact that instead of addressing the subject- matter of this report, which is the rather important LIFE AND DEATH ISSUE OF THE STEALING OF TRILLIONS OF DOLLARS WHICH COULD RESULT IN A GLOBAL CALAMITY, these CIA diversion specialists picked up the Editor’s mistake and magnified it to attempt to discredit the Editor: which indicates, yet again, that their interest is NOT to enlighten the uninformed, as they self-righteously profess, but quite the opposite: to shed doubt on genuine sources of analysis.

The underlying presumption here is that if a source makes one single mistake then the rest of what he writes is by definition inaccurate. But the argument is false: the conclusion does not follow from the premise, except in untrained minds. So, having dealt with this nasty little attack on the Editor, let’s resume paying attention to the fact that THE CROOKS STOLE OR DIVERTED A MASSIVE SUM OF MONEY ON FRIDAY, shall we, which is of considerably greater importance, you may think, than the single mistake made by this Editor under pressure. See the Madoff lists: A-N, and O-Z.

People who hide behind a mask of anonymity have priorities and agendas that they are hiding from open scrutiny. They are cowards because they are not operating on an open playing field. That way, they can throw bad eggs at an Editor they dislike or whose reports are liable to expose corruption and duplicity, but are immune from receiving the same treatment themselves. They would be the first to profess the need for ‘fairness’ but their despicable modus operandi reeks of hypocrisy and makes a mockery of their self-righteous tendency to ‘correct’ what expert sources report.

They can ‘correct’ named open sources, but they cannot be ‘corrected’ in person themselves. In other words, they wouldn’t like to be exposed, as the Editor is, to verbal and personal attacks. That is not open debate: it is one-sided debate loaded in favour of the anonymous cowards in question.
As such, it represents a Stalinist-style plague designed to intensify the fog of disinformation.

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

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

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

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

• Please Make a Donation to help finance Christopher Story‘s ongoing global financial corruption investigations, which have turned the whole world upside down and have exposed the corruption which was intended to enable the geocriminalist syndicate to seize the wealth of the entire world. These people have finally been more or less completely stopped in their tracks as a consequence of these exposures. Your assistance will be sincerely appreciated and will make a real difference, hastening the OVERDUE resolution of the worst financial corruption and linked financial fallout in world history. The Editor’s $35,000 Wanta bail-out money was not repaid and so has been stolen. It will be collected in due course and the thief will be appropriately dealt with, having so far taken no steps at all to repay the Editor’s loan funds, which should have been remitted on 11th June 2007.

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GEITHNER TO LAUNCH WORLD’S BIGGEST PONZI SCAM:
TREASURY TO IGNORE G-7 REFUNDING PROGRAMME AS DEBT IS PILED UPON DEBT

The report below replaces a scheduled report entitled GEITHNER TO LAUNCH WORLD’S BIGGEST PONZI SCAM that was to have been posted now, ahead of Mr Geithner’s planned announcement on Monday. That report will now be posted dated Sunday 8th February, and will explain what the US Treasury under Mr Geithner has in mind: MUCH MORE of the same PONZI FINANCIAL FRAUD, with prospectively disastrous ‘wheelbarrow’ consequences.

URGENT NEW REPORT STARTS HERE:

IMMENSE SUM OF MONEY DIVERTED FROM CITIBANK TO MIDDLE EAST
On Friday 6th February 2009, a colossal sum of money was illegally diverted to the Middle East by someone inside Citibank. The perpetrator was caught but we have been unable to confirm that the funds were retrieved. Since relevant people in the United States were running around on Friday evening like headless chickens, there remains a possibility that the funds have not been retrieved.

The source reporting the gross diversion and theft of cash funds from Citibank told us by email that this development has brought the Settlements payouts to a complete halt.

The immense sum of missing funds is believed to represent ‘mirror’ funds (or duplicated monies) created off the back of the $14 trillion referenced in our reports, which includes the very large sum of money made available by Her Majesty the Queen to finance the Group of Seven (G-7)-Approved on-the-books Refunding Programme of Capital Markets operations designed to generate taxable, transparent revenue to restart the banking system and world trade, which is now in depression.

• There are also unconfirmed reports of continuing illegal financial diversionary activity between Citibank and its counterparty in Athens, Greece, as mentioned in an earlier report. This would be an ALPHA operation. Citibank is a notorious CIA-linked criminal enterprise.

As we pointed out a long time ago, any Trustee holding funds for beneficiaries with this criminal enterprise is open to being sued by the beneficiaries for gross negligence and abuse of their fiduciary responsibility always to act in the beneficiaries’ interests.

IMF MANAGING DIRECTOR SIGNALS THAT HE KNOWS HOW SERIOUS THIS IS
Speaking in Kuala Lumpur, the Malaysian capital, on 7th February 2009, the Managing Director of the International Monetary Fund, M. Dominique Strauss-Kahn, said that advanced economies are already in a depression and that the financial crisis may deepen unless the banking system is fixed. ‘The worst cannot be ruled out. There is a lot of downside risk’, he observed (Bloomberg).

It is inconceivable that the Managing Director of the International Monetary Fund would have made such a statement if he had not known that the front wheels had come off the tractor.

They flew off on Friday when it was discovered that Citibank had alienated a colossal sum of money to the Middle East illegally. And they flew off because this money was diverted by the self-same rat gang, now directed by the Clintons from within the compromised Obama Administration, that have been stealing money ever since we started reporting on this crisis, and long before.

We have politely given the Obama Presidency the benefit of the doubt. Now that phase is over. If he ordered the FBI to arrest Greenspan [see below], good for him. But other criminals must be removed from the scenery, too. A ruthless response is needed when dealing with these people.

The actual $14.0 trillion is safe as it cannot be accessed by the criminals, we understand.

CONSEQUENCES OF THIS HUGE THEFT MUCH MORE SEVERE THAN IN EARLIER INSTANCES
This latest setback (replicating innumerable instances of similar corrupt diversions of funds that continued non-stop under Bush Jr., Cheney and Paulson) not only halted ongoing Settlements payout activity, but is having MUCH MORE SEVERE CONSEQUENCES than in earlier instances.

First, if the funds are not recovered, there is a question as to whether Citibank, that irretrievably corrupt CIA enterprise, will be able to open its doors on Monday 9th February. The funds will have to have been recovered by opening time EST on Monday, or the bank may, we are informed, be liable to be out of compliance with its Basel II obligations, which will mean that other banks will be unable to conduct business with Citibank. It will have to remain closed for business.

ARCH-ARCHITECT SORCERER GREENSPAN ARRESTED AGAIN
On 3rd February, we received reports that Dr Alan Greenspan, the architect of the open-ended derivatives-based Ponzi Fraudulent Finance operations, the Master Sorcerer, had been ‘cuffed’.

On 5th February, a source advised us by email as follows: ‘I was told that the FBI has been told to arrest Dr Alan Greenspan today. I haven’t been able to confirm that anywhere, but maybe you can check it out’. We checked it out and found the report to be accurate. It is confirmed. The report that he had been ‘cuffed’ earlier in the week may or may not have been inaccurate: he may have been arrested twice in one week. We have no word as to whether this criminal is still in bracelets.

Nor is it yet clear whether this crook was arrested prior to the theft of an immense sum referenced herewith, or in anticipation thereof. That the theft and Greenspan’s arrest were linked, is certain.

BRITISH ROYAL VISIT TO DUBAI AND ABU DHABI ABRUPTLY CANCELLED
On 6th February it was suddenly announced unexpectedly that Her Majesty The Queen and the Duke of Edinburgh had cancelled an unspecified long-planned State Visit, ‘because of clashing engagements’, especially the meeting of the Group of 20 in London, scheduled for late March.

Now these State Visits cannot be turned on and off like a switch: they take months of planning. As one insider cited by The Times, London, on 7th February, pointed out:

‘It does not stack up to me. These things are very carefully constructed. There would be a huge amount of unwinding to do. Plans would have been quite far advanced already’.

The destination of the State Visit was withheld by the Palace but was revealed in the London press on Saturday morning as being a tour of the Gulf States, focusing in Dubai and Abu Dhabi.

However, only two weeks earlier, Buckingham Palace had sent emails to the Royal correspondents informing them of the dates of the tour (23rd-27th March 2009), asking which press organisations would be likely to send journalists to cover the tour.

The sudden cancellation of such an important State Visit at short notice on grounds of a diary clash was said by the Times’ correspondent to ‘strain credibility’. Such State Visits have hardly ever been cancelled before, and only in cases of extreme crisis, as for instance after 9/11.

‘The cancellation will have involved months of preparatory work involving Palace officials, local Embassy staff and Royal protection squad officers going to waste. Officials would have gone on reconnaissance visits, while the Embassy would have been charged with helping the host country to draw up an acceptable itinerary. In the weeks before the trip, every destination – every palace, every mosque, every museum – would have had to be checked for security by The Queen’s police bodyguards…. The Queen’s tours are always undertaken at the behest of the Foreign Office and this tour would have followed closely on the heels of Gordon Brown’s trip to the Gulf in November 2008 to lobby the countries of the Gulf Co-operation Council for extra IMF funds’.

The newspaper then considered whether Prince Philip’s health was a factor. The Duke has in fact pulled a muscle in his back and has been told to rest for two months, but is otherwise in very good health and it is not believed that this condition will have been a consideration at all.

The destinations were not thought to present security problems, either.

NO WAY THIS COULD HAVE HAPPENED IF THE CRISIS WAS NOT EXTREME
Further, the newspaper argued, embarrassment will be felt by the Rulers of Dubai (viz., Sheikh Mohammed Bin Rashid Al-Maktoum) and Abu Dhabi (Sheikh Mohamed bin Zayed Al Nahyan), who will have lost face as a consequence of this cancellation.

Moreover Dubai is in serious difficulties, and hardly needs such a setback at this time: The Times revealed on 6th February that ‘many expatriates have been abandoning their cars outside Dubai’s international airport and fleeing home rather than risking jail for defaulting on loans. Police have found more than 3,000 cars, mainly Mercedes and large 4x4s, at the airport in recent months’.

[Note: A similar situation has been observed recently at Dublin’s airport, where large numbers of cars have been abandoned by expatriates and Irish people fleeing that ‘enronised’ country].

So what, then, could the reason for the sudden cancellation of this British State visit to the Gulf States possibly be? The Times didn’t know, as its staff haven’t been following the Refunding and Settlements crisis, have they? No, they had no clue.

Indeed, the British press could not bring forward any coherent reason for the cancellation, even though the pretext of a ‘diary clash’ was rightly considered implausible. An accurate deduction.

PALACE HAD EMAILED ROYAL CORRESPONDENTS ABOUT THE TRIP TWO WEEKS EARLIER
The clue that this was a sudden cancellation is to be found in the fact that two weeks earlier, the Palace had emailed media outlets with Royal correspondents to ask them which journalists would be sent on the State Visit. It is also to be found in the consideration that the British know Eastern Potentates very well indeed, and are therefore acutely sensitive to the necessity of NEVER placing such people in a position where they lose face.

For such a State Visit to have been abruptly cancelled, therefore, there must be a huge crisis.

And there is. The reason for the unprecedented cancellation of this important State Visit to the Gulf States by The Queen and the Duke of Edinburgh is that, in collaboration with the financial criminals in and behind Citibank, a vast sum of money (described to us as ‘massive’, and consisting of CASH) had been stolen and accepted by Dubai and possibly Abu Dhabi as well.

There must be a presumption that attempts to retrieve the funds were met with opposition

There is no way that the Foreign Office, which runs Buckingham Palace and advises The Queen in these matters, under the uniquely peculiar British system whereby Ministers advise The Monarch, who takes their advice and yet remains 100% in charge of affairs, would have agreed to this sudden cancellation if this assessment were not broadly correct.

UNPRECEDENTED ESCALATION OF GLOBAL ECONOMIC WARFARE
Cancellation of this State Visit by The Queen and The Duke of Edinburgh to Dubai and Abu Dhabi represents a huge escalation of the economic and financial warfare stand-off, and signals that the familiar crew of highest-level RATS in the United States are CONTINUING TO SABOTAGE THE WORLD ECONOMY, in a ruthless pursuit of their own criminal interests.

U.S. LAW ENFORCEMENT SHOWN TO BE A WASTE OF SPACE, WORSE THAN USELESS
Given that, in the face of this crisis, certain relevant people in the United States were, as we were told, running around like headless chickens, may we offer these CHICKENS some old advice?

• GET OFF YOUR BACKSIDES AND ARREST THESE EVIL PERPETRATORS, both within and now outside the Administration, and keep them incarcerated, instead of issuing ‘warnings’ and ‘threats’ which you rarely carry out. You feeble fools, who have allowed these crooks to play havoc with the world. You weaklings who do nothing but talk and spread disinformation instead of doing your job.

• YOU KNOW WHO THESE CRIMINALS ARE. THERE ARE A LOT OF THEM INSIDE THE OBAMA REGIME, WHICH IS BEING MANIPULATED BY THE CLINTONS AND THEIR ASSOCIATES. ARE YOU SCARED OF THESE PEOPLE? THEY ARE RUTHLESS, YES. BUT WE HAVE DEMONSTRATED THAT IF ONE STANDS UP TO THEM, THEY ARE AMAZED, AND BACK OFF. SO FACE THEM DOWN.

• YOU HAVE FORFEITED ALL RESPECT FROM THIS QUARTER, BUT YOU STILL HAVE TO DO YOUR JOB. UNLESS YOU, TOO, ARE COMPROMISED AND BRIBED, AND COULDN’T CARE LESS.

• These intelligence community criminals DO NOT have protection on the pretext of ‘national security’. They are exploiting the National Security Act et seq. to steal on a gargantuan scale, an activity that has nothing to do with national security. It UNDERMINES national security, you fools.

If Citibank collapses in the face of this crisis or a further development shortly, YOU, FEEBLE U.S. LAW ENFORCEMENT TYPES, will be reponsible. You are already responsible for the reality that nearly four million Americans have been thrown out of work because YOU tolerated this thievery and did NOTHING when you should have handcuffed these FINANCIAL TERRORISTS.

• Now the Editor’s own family has been affected, you second rate, pontificating incompetents.

THESE PEOPLE ARE ALL TERRORISTS WHO ARE UNDERMINING NATIONAL SECURITY
The familiar crooks who are stealing are ALL Financial Terrorists. They are terrorising the whole world in ruthless pursuit of their own demented greed and power/hegemony interests.

They include the Bushes, the Clintons, Greenspan, Bernanke, Cheney and other well-known CIA operatives who have imprisoned Obama in the White House and are stopping him doing his job.

• We also suspect that the crook Tony Blair remains involved: see the forthcoming report.

These revolutionaries, which is what they are, are no different from the revolutionaries run by Stalin in the Caucasus: they use exactly the same techniques and they have the same ruthless objectives: to seize and steal the assets of others, so as to obtain or retain power.

For them, the Dirkheim norm is the ideal: Emile Dirkheim (1856-1917) enthusiastically proclaimed that criminality becomes the norm, and the Rule of Law comes to seem eccentric and aberrant.

Under all the Patriot Acts, and the equivalent copycat anti-terrorism legislation that’s applicable in Britain and Europe, bank fraud, money-laundering, stealing and diverting money is TERRORISM.

And it is being committed by these people IN TIME OF WAR.

The proper treatment for TERRORISTS, most especially in time of war, is that if they do not cease and desist, their life expectancy is drastically shortened. Or these days, they can be hauled off for a taste of their own medicine by means of ‘extraordinary rendition’, which continues.

These FINANCIAL TERRORISTS are holding the world to ransom and have already semi-destroyed the world economy with their ongoing Fraudulent Finance Ponzi operations. The Managing Director of the IMF knows what he is talking about: and he understands what this massive theft implies.

• These crooks need to be arrested ON TERRORISM CHARGES and dealt with AS PRESCRIBED BY STATUTE in the manner laid down for terrorists who ruthlessly continue to commit such crimes.

Anyway, as a direct consequence of this latest unbelievable escalation of the organised criminal operations of these people, the British State Visit to the Gulf States has been cancelled. That is a signal not only to corrupt Middle East collaborators with the Clintons [see the list of ‘donors’ to the Clinton Foundation that we published on this website on 5th January 2009] and to despicable rats like Cheney, the Clintons and the Bushes, but also to everyone involved with this crisis behind the scenes in Washington and its environs, that this latest theft is the last straw. Even if the money has been recovered and Citibank opens its doors on Monday, the lasting damage has been done.

• IN MEMORIAM:
The add-on reference to the suicide of a gold dealer posted here was based bona fide upon a report headed ‘another suicide’ sent to us by a usually reliable source. Certain observers siezed with relish upon the possibility that the add-on may have contained an error, thereby attempting to divert attention from the urgent message published above. Pending an investigation by our source (who is away from his desk at the moment), we have removed this add-on so that the report is not distorted by such typically diversionary tactics. If we made a mistake, we will trace the source of the honest mistake and will post a correction (as we always do). If it transpires that the add-on was in fact accurate, we will repost this information which has meanwhile been removed so that spooks and diversion specialists can’t play further games with this wholly secondary issue.

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

LEGAL TUTORIAL: The Steps of Common Fraud:

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

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

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

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

Step 3: Theft by Deception and Fraudulent Conveyance:

THEFT BY DECEPTION:

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

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

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

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

FRAUDULENT CONVEYANCE:

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

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

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

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

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

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

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

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

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

SETTLEMENTS AND REFUNDING: OR DOLLAR COLLAPSES

FORENSIC ANALYSIS OF DEVELOPMENTS SINCE THE U.S. ELECTION

Monday 5 January 2009 00:01

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

• THE INITIALLY DELICATE POSITION OF BARACK OBAMA

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

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

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

• PRESIDENTIAL PARDONS WON’T SOLVE THEIR PROBLEM

• THE SECONDARY ‘FEEDER’ FUNDS WERE SEPARATE PONZI FRAUDS

• PERTINENT QUESTIONS FOR THE BENEFIT OF ‘THE INTERESTED’

• LONDON ‘SAFETY LOCK BOX’ RAIDS REMOVED THE COLLATERAL

• MADOFF PONZI CAROUSEL THEN BECAME A PRIMARY SOURCE OF FUNDS

• FIVE-HOUR EMERGENCY MEETING BETWEEN MRS CLINTON AND GEITHNER

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

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

• OUTLINE INFORMATION ABOUT CAROUSEL TRANSACTIONS

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

• OTHER HIDEOUS DIMENSIONS OF THE POISON OF THE OCTOPUS

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

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

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

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

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

• DOUBLE-MINDEDNESS AND THE DOUBLE-CROSS TRADITION

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

• GLOBALIST STRATEGISTS DESTABILISED BY SUCCESSIVE EXPLOSIONS

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

• BANKS HOARDING MONEY IN CASE DTC GUARANTEES ARE CALLED

• CORRUPT ‘BUSINESS AS USUAL’ PLANS IN DISARRAY

• SUCCESSIVE WAVES OF DEFAULTS OUT TO 2012-2014

• THE STRENGTHENING OF BARACK OBAMA’S POSITION

• THE FATE OF DELUDED HOLD-OUTS AGAINST THE SETTLEMENTS

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

• UGLY SITUATIONS FACING KEY PLAYERS

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

• BELATED OPERATION TO DISCREDIT PRESIDENT SARKOZY

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

• NO DENIAL OF THE MORGAN STANLEY TERRORISM FINANCING CENTER

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

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

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

• THE MADOFF HYDROGEN BOMB EXPLODES

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

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

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

• THE PRIMARY ORIGINAL DOCUMENTS FROM THE MADOFF COURT FILES

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

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

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

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

• PARALLEL INTERVENTION OF THE SECURITIES INVESTOR PROTECTION CORPORATION

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

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

• FORMER PRESIDENT CLINTON FORCED TO REVEAL HIS ‘DONORS’

• PARTIAL LIST OF CLINTON FOUNDATION ‘DONORS’

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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It has now been established that the National Security Agency (NSA) works with/controls Microsoft, Norton, McAfee, and others, in pursuit of the Pentagon’s vast BIG BROTHER objective, directed from the ‘highest’ levels (not the levels usually referred to) which seek to have every computer in the world talk direct to the Pentagon or to NSA’s master computers.

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

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

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• 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.